Quick question about the pool. There is a 'found block' stat in the my account page. Do you get a bonus for finding a block?
And it would be nice to have a 'blocks solved in the last 24h' stat somewhere.
this would be a fun feature. make everyone get 10% less of their share but reward them with 5 btc everytime they find a block <3 Let's just say I've made slush's pool about $6k more worth of blocks than I've withdrawn. But I'm not bitter. Because it evens out in the long term and even if you find blocks now, it could be weeks or months (depending on your hashing power) until you find the next one. I'd rather take the continuous payout and pay 2% fee for it. |
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Old news. Besides, bitcoin is not "based" in any country so it can't be shut down.
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It should "close" every day 23.59.59 at JST (Japan Standard Time), or 9 hours behind UTC. In reality the exchange is 24/7, at least for the automated trading. Withdraws are manually processed.
Sites like bitcoincharts.com will show a closing and opening price.
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The market is constantly balancing itself between correct price per btc in contrast to demand and difficulty level in the current market.
So at this point it will be natural to watch it bounce between $24-$30 and at the next difficult level, $27-$35 or more etc.
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Has increased by almost a third despite difficulty being way up. This is because price of bitcoin rose faster than I anticipated.
I calculated the price to be about $19 maximum by this difficulty last month but it looks like it's steadying at $25-$30.
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As mentioned above, Berkshire Hathaway's stock has been in the 5 digits for ages, and is currently in the 6's at over $110,000 per stock.
It still yields steady profits every year and people buy it.
Stock price digits have nothing to do with what people buy or don't buy.
Except that you can't buy 0.1 stocks of BH. You can buy 0.1 bitcoins.
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My IBM PowerPc cost $14,000 in 1993 so it must be excellent for mining. Why am I only getting 26khash/s.
It says: powerful computing for the entire family. I want my money. You guys owe me.
This thing takes up half of my room and I'm earning 2 cents per day. This is not right or fair. I will sue Mt Gox.
My uncle knows the emperor of Japan. The yakuza will cut your pinky if I don't get my bitcoins. And I'm on a hunger strike already.
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You should get worried the first time you hear about an exchange being shut down and all money in it seized or you hear about a huge double spending attack.
Until then, just buy BTC and then check the price in about a year, not a day.
i dont have the money to wait for a year. was hoping to wait a week or so and have it go up another 10-20 then cash out. and as everyone is syng 30 isnt a reasonable number its gonna drop eventually, why would i wait until then If you want to double your cash quick then go play blackjack. BTC is a commodity with a fluid value that scales pretty well with current difficulty level and demand. If you need 20 bucks badly cut lawns for 2 hours in the real world. If you want to "invest" then wait until difficulty is at 3 million and sell your 1 BTC for 50 dollars. |
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When people start selling human beings or assassinations anonymously then a line is crossed.
He is not selling out by wanting to stamp down illegal activity. I don't endorse shutting down silkroad entirely, but if they are selling "harder" drugs then yes the DEA has every right to "go after them".
The only thing they'll need is pretty good luck because those sites are in the TOR network created by the US themselves. The privacy is pretty tight.
These operations can really be discovered only with undercover operatives at best. Online tracing through various nodes (note: also encrypted) is a pain in the ass. Even though statistical patterning (timestamps etc.) and cooperation of all the dozens of ISP's involved, it's nearly impossible to tie users to an identity.
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$30+ is not a realistic value for BTC at 567000 difficulty in the current market.
$24 to $27 is realistic until difficulty increases again.
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Withdrew last Sunday, got money on Monday.
Withdrew another one on Monday, still to arrive as of late Wednesday.
It fluctuates, but usually no more than 5 business days.
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$31 is overvalue at the current difficulty. I predicted last week that this Friday would end at $19-$22. However I don't see a $25 closing entirely impossible.
$30 will stabilize at around 800k to 1m difficulty.
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If their US bank accounts are closed they can just open new ones in other jurisdictions under other names.
Bitcoins are not illegal.
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Yes you can. It's anything but foolproof.
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Because my mining farm has running expenses that can't be covered with BTC, like constant 8000W electricity consumption and 2 GPU's that went bad + 1 RAM stick that went sour this week.
I sold a few dozen at $21 per piece and kept the vast majority. I don't fret over price increases because they are a fact of life just as electricity bills.
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I'm willing to bet the same person made all the posts above.
Funny how they all just registered in the last few days and want to pay exclusively in PayPal. They are also all online and have only posted in this thread.
Do not send them (him) a cent. Their finger is on the chargeback button.
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Maybe I'm just slow, but how do you insert graphics cards into those? Or do you further divide them with x1->x16 converter cables? |
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From 24 hours to 6 days in my experience. I prefer wire transfer though.
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