I'm surprised that the tone is very positive in this report, since CCTV is a government owned media, this indicate that some higher level government officials admitted their support. Typically chinese people only listen to what government agency says, so this is a green light for bitcoin in china actually Maybe these corrupt officials finally find a way to move their bribe money out of china  You sure that they only listen to what government agency says? I'm pretty certain that the average Chinese national doesn't believe or take value from what their government says - trust in their government is probably at an all time low. Even if the government disapprove of Bitcoins, people there will still take interest in it, much like anything else. That is the mindset of people in US, not in china. I lived in China for some years and I know if you disagree with the government, you risk of being classified as "politic criminals" and put into prison, there are several major constitutions that classify anti-communist party activities to be criminal activities Well but this is a dictactorship related thing. noedaRDH was saying that the average chinese probably doesn't like the government. Sure, they will obey it because, as you said, otherwise you will get punished. |
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ASICs are faster than CPU's at SHA-256. They're not necessarily faster at scrypt. I'm actually doing a lot of work in this space, stay tuned. This is nonsense. Learn what an ASIC is please |
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"hope" in the bitcoin world is that it drop so we can buy bitcoins for cheap for the last time!
Or do someone really believe that bitcoin is dying?
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Btc is seriously overpriced at the moment.
Nah |
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So as a seller the economic benefit of using BTC is very small indeed Not true, that % may seem small but usually a merchant profit from selling item is a small % of the price he sold the item. So that little change may mean a lot moar profit |
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I surely do not want to pay to work  Because yes, writing on the wiki is working, it is not funny |
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Simply, there will be much more transactions per block, so even with the current fees, the reward will be high enough |
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3.23% revenue is an awesome result!
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Buy high sell low is a famous tactic in the bitcoin world  |
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This thread now is so illegal  |
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2 weeks? If he's mining for BTC @ 1ghs it will take him almost 2 years... (500.9 days) at TODAYS difficulty. LookyOmg you are right! Sorry, 2 weeks is for 1 BTC. Yup, it will take almost 2 years for a block. |
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I suppose the point is "don't trust ESEA"
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With your setup with solomining you will find on average a block every like a bit more than 2 weeks.
Be patient (or pool mine...)
Edit: i'm totally wrong, it takes 2 years for you to find a block
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This thread belongs to Speculation subforum |
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Yes yes keep selling, more cheap coins  |
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So they want to redefine bitcoin? Good luck |
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