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121  Other / Off-topic / Re: Dealer Plates on: July 16, 2014, 11:10:09 AM
Wow i didn't know about dealer plates , well that would be very usefull at my country. But what is the bennefit for you , does people stop you and ask you to sell the car or ?
122  Other / Off-topic / Re: What would you do...if you could only save one? on: July 16, 2014, 11:07:51 AM
I'd save my friend, since i would preffer dying next to my love, and i know she would want that also. I couldn't live further without her and she couldn't live further without me.
123  Other / Off-topic / Re: Favorite porn star? on: July 16, 2014, 11:01:18 AM
I don't have favorite one, and i don't understand how someone can preffer porn star vs amateur footage? I can't look porn stars or actors for more than 5 seconds. When i recognise their acting, i'm done, can't continue watching.
124  Other / Off-topic / Re: Vagina selfie for 3D printers lands Japanese artist in trouble on: July 16, 2014, 10:59:20 AM
Laws in Japan are very strict about showing intimate parts, they are even not allowed to shave their penis/vagina/shenis. I was not surprised by that news, but i was surprised about the technology used Smiley.
125  Economy / Games and rounds / Re: Little forum game, suggestions please and only fait play! on: July 16, 2014, 12:23:48 AM
The idea is not bad Smiley
But the amount which everyone has to invest should be much lower something below 1$ will be ok, because this is pure gambling. 6-7$ is not little to invest. There is another problem if you have for example several accounts you can give the final amount to one of your other accounts ( not sayin that you have several accounts)

That's why random player will be taken for reward and i'm not included in playing, since i wan't to provide max transparency possible. Also formula will be based on the future hash, which means that outcome is not known now, so it's impossible to manipulate, that's why i'm asking for ideas that are 100% sure random, equal chances and fair in all aspects.


I will take your advice for lower ammount in consideration, what do others think? What ammount would be ok with you to put in this game?
126  Other / Meta / Re: Account hacked, email, security question changed on: July 16, 2014, 12:10:44 AM
Next time you better have hard password to crack and make sure you have all security features enabled. But why would someone hack your account on forum, do you have any private PM's or what?
127  Other / Meta / Re: Activity is not increasing on: July 16, 2014, 12:08:49 AM
Looks like your activity has changed, so there are no more problems with your account, maybe they never existed, maybe you didn't know the rules ?
128  Bitcoin / Hardware / Re: [Instruction]Detailed manual for Dragon 1T Miner on: July 16, 2014, 12:07:11 AM
Very helpfull topic, we need more guys like you to share manuals and other instructions. There should be sticky guides organised for every manual.
129  Other / Politics & Society / Re: Saturated fats are not bad for you. on: July 16, 2014, 12:05:45 AM
I have been told and learned different, all the crap from the internet can't simply be true. I understand how saturated fats work, so i simply don't need that doctor to tell me it's fine. If it's fine why most of the people who eat fast food, which is good source of saturated fat get sick and cloged up with fat, holesterole and so on?
130  Other / Off-topic / Re: Who Wants to go to Dubai with me? on: July 16, 2014, 12:03:01 AM
I have never been at Dubai, but i have wish to go once in a lifetime to see that wonderfull city. You can count me in if you pay the plane ticket (i'm broke).
131  Other / Beginners & Help / Re: How to boost activity on: July 16, 2014, 12:00:29 AM
Before you crate topic with a question , put that question in the search field and look if someone allready asked that question. I know that it's hard to find stuff when you are new, but there are like 20 topics + with the same question inside: Activity. You have your answers now, i hope you learned a lesson. Sorry if i insulted you now somehow, but keep forum clean.
132  Other / Beginners & Help / Re: re:Would you be interested getting around 50 btc and more? on: July 15, 2014, 11:57:45 PM
Luckily i was not robbed so far, but i really can't imagine how can someone sleep well with somebody elses money in their pocket. Hackers and thieves should be punished properly for their actions.
133  Other / Beginners & Help / Re: Bitcoin calculation profitability on: July 15, 2014, 11:55:37 PM
YOu can google mining calculator and you will find lots of results. But most of all keep in mind next facts:

-electricity cost
-possible network problems, so you won't be able to mine (same goes for electric cuts)
-depreciation of your hardware
-time needed to sell hardware
-btc price movements
-mining difficulty
-possible hacks
-luck effect
-allternative investment
-...

the list is endless, in the end it's more like gut feeling having effect
134  Economy / Trading Discussion / Re: Where should i invest my bitcoins ? Wanna daily income on: July 15, 2014, 11:52:21 PM
Invest in gambling site and payout only profits daily, so you will have daily income. Can i ask what balance you have?
135  Bitcoin / Mining speculation / Re: New venture, lets talk profitability and ROI on: July 15, 2014, 02:32:24 PM
I guess you are both right, it is a risky business, both, mining and holding, but by mining you also have chance to see how things work in details. With luck you can get maybe a bit more, but nothing to be considered final. I'm sure there must be hardware out there that is having positive ROI, otherwise nobody would be minig these days. Maybe 20k$ as i suggested is not enough for a decent mining rig (as i said, i don't know much about hardware).
It is indeed risky, which is kind of what I was leading to in my earlier post about mining being a finicky business.  By mining, you are seeing the process in detail, and also helping to support the Bitcoin network.  With $30,000 are you going to make a significant impact on the entire network's hash rate?  Not at all.  Even if you had 6 of those SP30s in hand right now you would be about 0.03% of the total power of the network.

If you look at the expected earnings, if you did indeed have that 36TH in hand right now, you would expect to crack a block every 24 days or so if you were solo mining.  Again, I'm making the assumption that you have it in hand right now and difficultly doesn't change.  Obviously an incorrect assumption, but for the sake of a simple discussion, it will do Smiley.  

Using a calculator, assuming a 20% difficulty increase and ridiculously low power costs of $.02/kwh, and also assuming you had that same 36TH in hand right now, you could expect a profit of about 24.57BTC before the costs to run the hardware were more than the coins it produced.  Realize, this is speculation, not reality.  Maybe the difficulty increases are greater than 20%... maybe electricity costs go up... etc.  For example, if I push the start date of that 36TH/s out 60 days (so mid-september), and keep everything else constant, you're negative ROI.

The biggest problem is actually laid out in my last sentence in the last paragraph "...keeping everything else constant..." because this whole crypto-currency thing is anything but constant.  This is what makes it so much fun Smiley.

Totally agree with you and one more interesting thing here: when miners will start cutting off power for their miners, there will be less BTC available, so the price of it will go up, what will cause more miners to start mining and there goes the cycle. I'd love to see chart of BTC price related to mining ROI compared over last 2 years, so it will be clear for everyone that price of BTC now is very low based on difficulty of mining.
136  Bitcoin / Mining speculation / Re: Are any ASIC miners making ROI anymore? on: July 15, 2014, 02:21:10 PM
if you believe in the future of bitcoin and that it will hit 10K or more, then technically everyone here will make ROI assuming they hold their coin. The question is whether or not you would have made more bitcoin just from outright buying coins as opposed to mining.  Making lots of $$$ off mining in the short term is a very difficult if not impossible thing to do now.

Chopstick, you have a different notion of ROI than what most miners envision.

Buying a miner for 10 BTC of fiat funds and mining 8BTC on it is a net loss - even if the coin goes to $1,000,000 per coin.

If you buy the miner for 10BTC and you mine 12BTC that is a +ROI, but very few miners did/do that.

That's exactly the same post as you wrote to me, do you just wait till thet question comes so you can paste your text?

Here: https://bitcointalk.org/index.php?topic=694689.msg7850340#msg7850340
137  Bitcoin / Mining speculation / Re: Are any ASIC miners making ROI anymore? on: July 15, 2014, 02:19:52 PM
It all depends on the price of hardware. Maybe you will be able to get some cheap antminers, i have seen some guy selling them in bulks of 20 pieces for 230$ per piece, which could be ok, but still not good enough. If you find a good deal your ROI might be positive. Remember that guys selling hardware rather mine themselves than sell for cheaper than ROI.
138  Bitcoin / Mining speculation / Re: How much GHs should I have? on: July 15, 2014, 02:16:32 PM
You need as much as possible, but you have to consider how much you are paying for GHs in $ and you should not forget cost of electricity. Use mining calculator to make sure you have all points included in your calculation. Don't forget to include depreciation of your harware in and time beeing offline. If you have problems with your ISP or if you go out of electric current, you are getting lower income. Also don't take current prices of Bitcoin as meassurment, maybe you should somehow see what time you will be mining and how much btc will be worth when you will gonna sell it, it's too complicated in the end your gut feeling should decide.
139  Other / Beginners & Help / Re: Best PC wallet? on: July 15, 2014, 02:08:44 PM
Hello,
I am very satisfied of multibit wallet which is very fast and secure, but a minus if bultibit is that you cannot make paper wallets with it, which means if your machine crashes your BTC are gone.

Why gone? you can allways have backup of your private keys which you can import to blockchain for example.
140  Bitcoin / Mining speculation / Re: New venture, lets talk profitability and ROI on: July 15, 2014, 01:59:14 PM
I think most of people here are just wrong. They all asume price of Bitcoin will remain at 600$. Cmon we all know that is bullshit and there is a big bump coming really soon. If i were you, i'd invest 20k$ in mining hardware, and 10k$ in BTC, i'm sorry that i can't help you choose hardware, i'm not following that scene to be honest, but i'm really sure price of BTC will rocket till the end of 2014. Trust me, you will be sorry if you didn't buy at 600$.

cech4204a, you have a different notion of ROI than what most miners envision.

Buying a miner for 10 BTC of fiat funds and mining 8BTC on it is a net loss - even if the coin goes to $1,000,000 per coin.

If you buy the miner for 10BTC and you mine 12BTC that is a +ROI, but very few miners did/do that.

Once the growth slows down for a sustained period, ie 3 consecutive jumps, then it will be easier to gauge which hardware might turn a true ROI.  Until then it's all just guesswork and hoping other people fail at getting their miners so that you can make a profit.  Mining is a zero sum game.
My notion of ROI is dependent upon the currency I use to purchase the mining hardware.  I wholeheartedly agree with you that spending 10BTC on a miner to get 8BTC back is a negative ROI.  However, if I spend $3000USD on a miner and that nets me $10000USD from converting BTC to dollars, then I've made positive ROI.  Granted, I could have just bought the BTC straight out with my initial investment, but I didn't.

Now, do I think that there's a lot of hardware out there that will return more BTC than you could purchase for fiat?  Well, my S1s did.  My SP10 I purchased with fiat, so the BTC I get from mining with it I convert back to fiat until I recoup the initial cost.  Any more that I earn after that is positive ROI for me.  Would it have been better to buy and hold?  Yup.  Had I purchased BTC with my initial investment in the SP10 I would have spent about $510 per BTC.  So, I haven't made as much with my SP10 as I would have with a straight purchase - in terms of fiat ROI.


I guess you are both right, it is a risky business, both, mining and holding, but by mining you also have chance to see how things work in details. With luck you can get maybe a bit more, but nothing to be considered final. I'm sure there must be hardware out there that is having positive ROI, otherwise nobody would be minig these days. Maybe 20k$ as i suggested is not enough for a decent mining rig (as i said, i don't know much about hardware).
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