cant sleep waiting for a correction  This was it. Now rebuy, go to sleep, and you'll be rich tomorrow  Yep, happy day tomorrow for all of us. Not getting lower than this. |
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Looks like we tested another higher bottom, it's upwards from here. Lots of buying support exists
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This is it. If you're not in yet, buy and get ready for the ride upwards. China is going crazy, might hit all time highs very VERY soon. Obviously this is compounded by: - Increased confidence upon the correction
- The endurance of today's MtGox ordeal
1 BTC > $500 is my bet once this is all over. |
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Ok, I can clearly see where we're headed now:
Up.
This will be an interesting week.
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What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.
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It's going to dip. It currently can't break above $367-368, and the current trend is down.
I think it will start going up over the course of 2 weeks, however.
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 I was expecting a huge drop down when Gox came back up, instead we have a slow lingering decrease in price instead. I want those cheap coins faster.
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People haven't noticed that the trading engine is offline. None of the other exchanges really know it either.
However, when Gox comes back online expect a discount on coins.
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I sold a few at 372.. I liked that price this weekend. Then gox crashed haha..
Shoot me but on the way to the moon there's turbulence, i'm going to try my luck.
In a vacuum? No way lol :p |
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Let's just say the price will temporarily slump. People are starting to dump.
Is it safe to say that we got Goxed?
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It's going to go somewhat lower than the current price we see at this moment. A plateau will ensure and shortly after, the decline.
As for the week, I believe it's going to be quite interesting what happens. However, for now, the forecast is a downtrend.
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We're in for a possible decline to < $250 a coin. Be warned.
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because people can't digest 20 pages of nonsense. I'll take what I need from the posts and then modify the OP. Then I'll erase all the posts and see what people think of my edits. I think I can manage this thread, fwiw. ;-)
Indeed, your original post is in great need of revision. It's hard to read the wall of text, and you should instead format the sections differently. I think instead of using rhetoric you should focus more on separating into different sections, especially the beginning. |
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I'm going to go through all the posts and remove the useful info and re-write the OP. Be patient, let people talk. Unless you know it all....
And if you want people to read what you wrote you should learn better use of the "quote" function. Apparently there's a lot of other "useful" information that you did not delete. Looks like you need to learn better use of your thread moderation powers. Also, if you don't mind me asking, why delete useful information? That would greatly benefit people's learning and background of your project. |
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Once again, since you keep deleting my posts, let me make this clear.
Your ambitions on building a "next-generation" crypto currency mining machine will simply not work out. How many people would you actually expect to help out on this project? It takes millions of dollars just for the R&D phase, let alone assembly and whatever else.
Who will provide those millions of dollars in capital? How can people trust you with what minuscule credibility you have? People want to see someone that has real experience in logic design and that they know what they are talking about. You have shown nothing.
In face, you have shown yourself to be unable to be respectful to others in this thread, instead you even continually insult and delete my posts as well as other posts that are perfectly fine, which you should have no reason to.
Why not accept well-rounded criticism to your project?
inb4youdeleteitagain.
As the ABOVE posts, Viceroy deleted EVERYONE's post to clean up the thread. NOT to Silence you Well, it would seem as though were posts were quite informative, yet he still deleted it. Meanwhile, he did not delete your previous reply. What does that say about that? I already know he is being ignorant towards others. |
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Once again, since you keep deleting my posts, let me make this clear.
Your ambitions on building a "next-generation" crypto currency mining machine will simply not work out. How many people would you actually expect to help out on this project? It takes millions of dollars just for the R&D phase, let alone assembly and whatever else.
Who will provide those millions of dollars in capital? How can people trust you with what minuscule credibility you have? People want to see someone that has real experience in logic design and that they know what they are talking about. You have shown nothing.
In face, you have shown yourself to be unable to be respectful to others in this thread, instead you even continually insult and delete my posts as well as other posts that are perfectly fine, which you should have no reason to.
Why not accept well-rounded criticism to your project?
inb4youdeleteitagain.
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I use water cooling, strapped to the copper-pipe going into my hot-water tank and sprinkers and tapped into my pool-pump/hot-tub...
Free hot water, lower AC bills, lower electric bills (higher heat = higher resistance = more power consumed)...
Not to mention the hot air is all pumped into the attic, where the 150F GPU air is cooler than the 212F+ attic-air.
That is called ghetto geo-thermal cooling... lol... the cool water coming from underground is a constant 65F here. And I drink coffee all day long, and flush, and shower, and filter the pool, so cooling isn't lacking.
Nice elaborate setup! How what is the depth of the water table and how deep does it extend? |
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No, bitcoin is not big enough for anyone to seriously organize a "ASIC miner" organization.
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if what you say is true then every miner should move to litecoin, no?
Yes, the average individual is better off mining litecoin compared to bitcoin which will become dominated by the big players. Huge quantities of ASICs may be produced by private entities for their own personal gain. This is potentially a problem since it could cause problems such as the widespread centralization of Bitcoin mining. Open market supply for ASICs may be minimal compared to the production for personal mining. |
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Yea but memory is ULTRA cheap. Gigs cost dollars. Now stop trying to scare the miners away from litecoin mr early adopter.
I don't see how your project benefits anyone. In fact, you're trying to accomplish the same ends as what is happening on Bitcoin. Litecoin should not have ASICs unlike Bitcoin. Actually your project is completely hypocritical to your own statements on being "ASIC hostile". Let's see if you can fit 120 GB of memory onto a 60 mhash ASIC. That's just "RAM" as well (DDR3), factor in the memory for the actual "cores" (GDDR5). It costs about $50 for 2 GB of GDDR5, and we'll need way more than that for an ASIC. After that, then you would have to have an ENORMOUS and super fast memory bus; otherwise it's no more efficient than a GPU. If this is all said and done, it would be slightly more efficient compared to GPU. (2-10x more), compared to bitcoin ASICs which is a huge step over the GPUs. |
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