Has a look at the previous block, was generated less than a minute before, so there might not have been much in the way of transactions anyway.

Any news on how this has been going?

Can the guys who are selling it all please comment and let me know what your motivations are?

All true, to each his own

Just a suggestion: Sell the nVidia, if you have the extra cash, use the proceeds and the extra to get as nice an ATI as you can and mine.

You already have a PC, might as well put it to work efficiently

Assuming you mine with deepbit
Assuming deepbit is as 40% of total network capacity.
Assuming another 50 fold jump in price.

Your mining for this last segment of difficulty would be $1,200 or so?

Then assuming another 50 fold jump in price.

Your mining for this last segment of difficulty would be $60,000 or so?

I say get an ATI and keep mining.

Hi guys,

Trying to get a feel for why people are mining and what their expectations are of BTC.

Personally I'm mining because it is hard to buy where I live and I want to hoard them for a year or more.

It's been almost 3 weeks since I co-invested in a mining rig and I'd like to thank everyone here for the help they offered. Thanks guys, it was awesome fun.

Since buying the rig (2x6990) difficulty has doubled and price is down by some 25%

So is it still worth it? IMHO definitely.

What we've seen in the price fluctuations is actually still relatively mild compared to what things could have been; imagine a single high power real world trader entering BTC in earnest. The short term fluctuations someone like that could create would dwarf even the recent exchange hackings. So I don't see the price as having come down so much as having simply osculated. I still believe BTC has a shot at replacing most of the fiat supply and that would imply a cost reasonable upwards of $15

Even though our mining is currently bringing in less than 2 BTC per day, if bitcoin succeeds even mildly we will look back at today's mining data and call them "the good old days" when difficulty was low and returns were (in retrospect and with the future price) incredible.

So I'm going to keep mining and holding. I still think it is going to be a profitable racket to get into for quite a few months.

Just my 2 mBTC

Hi could someone please give me the current price of a BTC in USD or EUR?

There is demand for domain names that cannot be confiscated even by government

It contains a register of domain name assignments.

You can buy domain names that no government can take from you since it is based on the same distributed model as bitcoin.

The system generates namecoins and then allows the assignment of a domain name using a certain amount of coins. This allows outsiders to buy coins from namecoin miners to allow for the registration of a domain without having been involved in mining.

If you guys are having difficulty generating namecoin addresses I will gladly provide you with a few you can mine to and do BTC cash out for you for 1% of the proceeds.

Well the implications of the difference are enormous.

http://www.csper.org/renaissance-20.html

Fiat means "by decree", debt based means backed by a debt instrument. It is a bit of a stretch to refer to a receipt for gold as "debt based" when the money is not secured against "debt as in a loan"

Search for namecoin in the mining board. If you don't get sorted, message me.

What is this I head about there being about a 1/10th of a USD cent cost to each transaction over the whole network.

Can someone explain that to me?

Hi Oldminer,

Just use the normal miners you use for bitcoin GPU mining.

Read the top article and it's related articles for help.

http://www.bitcoin.co.za/

Domain name seizures is a major problem, there are fundamentally interested parties, maybe some press reached some of them.

One cannot exchange them directly yet for fiat.

I don't see it as an infringement, I see it simply as twice as much currency as was originally planned.

What are the generation rules of NMC vs BTC btw?

Can you shed some light on the subject Chucksta?