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12041  Bitcoin / Bitcoin Discussion / Re: Anyone know what happened to knightmb and his 371,000 BTC? on: May 22, 2011, 03:35:43 PM
If I where you. I'd sell 1000 BTC every month for that current prize and fuck my day job. I'd happily pay taxes on that and life my life for the next 31 years in peace and riches..

This sounds terrible.

I would pay whatever was required to have all my needs met for bitcoin directly. I bet it would be easy and hardly cost extra in about 3 months. To never touch another dollar would be sweet.

+1

Bitcoin is not a get-rich-quick scheme. The end goal of bitcoin is to create a self-contained economy.

Why so modest? Let's make it the most trusted global currency.

Of course I agree having even a small economy is a step in the right direction Wink
12042  Bitcoin / Mining / Re: FPGA mining for fun and profit on: May 21, 2011, 09:47:15 PM
should/can http://forum.bitcoin.org/index.php?topic=9137.0 trick/approach solve this problem ?
or complete pools decomposition/takeover really necessarily ?

I think the solution you referenced will work to resolve the issue.

There are some caveats and details to take care of, however, and it will probably take a while before someone implements it and gets a pool going.

For now, my suggestion is to let no pool go >50%. I never mine in biggest pool.
12043  Bitcoin / Mining / Re: FPGA mining for fun and profit on: May 21, 2011, 12:42:51 PM
Why is everyone getting upset over FPGAs? They're not a threat at all, and when they do become a "threat", they will be freely marketed to miners.

+1, exactly my thoughts
they become threat, after SHA256 become really unusably unsafe[quicker than initially expected], cuz GPU's isn't very suited for majority of other hash'es crunching Tongue
while FPGA's stay afloat :-)

but by then, fpga code and hw (or ready-made mining stuff based on fpga) might be "freely marketed to miners", so anyone sitting on then-unsuitable GPU can switch.

Also, I'm not sure GPUs are unsuited for calculation of the majority of other hashes. Where do you take this info? It would be a great threat to people using ASICs, though.

Also: you don't seriously believe SHA256 will become "unsafe" soonish, do you?
12044  Economy / Trading Discussion / Re: NEW: Individual subscription service for Bitcoin Trading and Market Coverage on: May 21, 2011, 11:56:32 AM
I hope there's still some spots available by the time bitcoin falls to $3.66, because I'd sign up at that price point.  Its worth two subcriptions at $1.10.  I don't think it will, but if it goes below $4, I'll pay.

1 BTC is 1 BTC. And I humbly predict: it will still be 1 BTC in the future.

In other words: I don't quite understand your thinking, unless maybe, you have no Bitcoins at all. Because if you do, that service will be no less expensive for you in the future than it is now. 5 BTC is 5 BTC.
12045  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 21, 2011, 11:30:30 AM
I am against dark pools. If we are to have a true an open exchange all price data should be immediately available to all market participants. No backroom deals!

+1,

magicaltux?


just talked to magicaltux on irc.

He said implementation of iceberg orders (as discussed here: http://forum.bitcoin.org/index.php?topic=5564.0;all) is in progress.
12046  Economy / Trading Discussion / Re: Mt Gox.. Please raise limits for Dark Pool trading. on: May 21, 2011, 11:29:01 AM
All this does is making the market depth useless and put small traders at a disadvantage.

According to magicaltux, iceberg orders will be implemented as discussed here: http://forum.bitcoin.org/index.php?topic=5564.0;all
12047  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 21, 2011, 10:36:18 AM
I am against dark pools. If we are to have a true an open exchange all price data should be immediately available to all market participants. No backroom deals!

+1,

magicaltux?
12048  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 21, 2011, 10:34:53 AM

I'm hoping a slide down to 5$, hopefully even 4$, but not much more than that.

You intend to snap up some coins at that price range?

So what does everyone think is the strongest reason for this massive selloff?

Maybe these guys who liked bitcoin enough to totally forget about it and then find 40kBTC on their hard drive.

Interesting thought, there's probably something to it.
12049  Bitcoin / Mining / Re: FPGA mining for fun and profit on: May 21, 2011, 10:31:19 AM
Why is everyone getting upset over FPGAs? They're not a threat at all, and when they do become a "threat", they will be freely marketed to miners.

+1, exactly my thoughts
12050  Bitcoin / Mining / Re: Different gpus on: May 21, 2011, 10:28:34 AM
Hi everyone,

Is it possible to put together different gpus?

I tried putting my 6990 and 460 together today, but it didn't work. The miner opened and closed before I could read anything.


Use linux, then you'll be able to read what's happening.
12051  Bitcoin / Pools / Re: Cooperative mining (330Ghash/s) on: May 21, 2011, 10:27:13 AM
Oh goodie goodie..*jumps up with excitement* Smiley

Don't know why, but this made me laugh. Thanks man, you gave me a good start into my day Smiley
12052  Bitcoin / Mining / Re: Two 5870's or one 5970? on: May 21, 2011, 01:18:45 AM
I have the computer in my room and have it mining 24/7. I'm leaning more towards the non reference 5870's so that I might actually be able to get to sleep at night.

Sleep? No way!

I tried (5970), tried again... then I put miner in wooden box outside on balkony.

Don't do it. Noise can cause serious health issues.

Think FPGA, maybe? No fan at all Wink

12053  Bitcoin / Mining / Re: Think I just solved the pool problem. on: May 21, 2011, 01:13:53 AM
That's fucking genius!

Don't thank me, send me BTC.

Doing both: Thanks!
12054  Bitcoin / Bitcoin Discussion / Re: The $1000 Bitcoin, yes it's worth at least that. on: May 20, 2011, 05:27:02 PM
please just be careful.

linkedin had an ipo today.  if i say 'if everyone on the planet got all their future jobs through linkedin, it would be worth $70,000 a share', that shouldn't make you want to buy it even slightly more.

anything can skyrocket. you still have to decide among all those possibilities where to put your money. a bitcoin in the current block chain isn't the first thing that has experienced exponential early price growth. as they say in america under the regulatory safe harbor, 'past performance does not predict future results'.

BTW, I'm selling tulips. BTC 30 each.

Wow almost as bad as my local garden center Wink

mike was probably making a reference to the dutch tulip bubble of 1637 (http://www.damninteresting.com/the-dutch-tulip-bubble-of-1637), no?
12055  Bitcoin / Bitcoin Discussion / Re: The $1000 Bitcoin, yes it's worth at least that. on: May 20, 2011, 05:13:35 PM
Needless to say, this made me hot.

(looking at your profile picture)... Do you have a rather small head or is that not a cigarette?
12056  Bitcoin / Pools / Re: Please test: New Experimental Pool "Eligius" on: May 20, 2011, 11:17:32 AM
luke-jr, I remember you talking about making a pool with direct payout transactions directly in the mined blocks.

I loved the idea, and it's great to see "Generated (1.10078153 matures in 9 blocks)" in bitcoin client.

Congratulations on actually doing this, it's awesome!

Now if I could just find the address for the european server (couldn't find this in wiki), I'd point all miners (2) there. Maybe you could put that in the wiki: https://en.bitcoin.it/wiki/Eligius ?
12057  Bitcoin / Mining / Re: Todays difficulty increase to 156000, where from here? on: May 19, 2011, 11:42:09 PM
I think you are the single greatest comfort to me right now. I've been freaking out a little about cypherf0x's FPGA claims and the recent jump in difficulty. :-/

what claims?
12058  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: May 19, 2011, 11:38:25 PM
Brazil is a completely different culture.  Particularly one that doesn't have nearly the faith in, or co-dependency with, their federal government.

Maybe a people using bitcoin would also have a completely different culture. Particularly one that doesn't have nearly the faith in, or co-dependency with, their federal government.
12059  Bitcoin / Mining / Re: Todays difficulty increase to 156000, where from here? on: May 19, 2011, 11:10:04 PM
If the continues rate of hashing growth continues at the current rate of ~2.5%/day then my first number becomes 243254 

Okay—  so I was off by 0.36%, so sue me.


you win Wink
12060  Bitcoin / Mining / Re: Todays difficulty increase to 156000, where from here? on: May 19, 2011, 09:43:17 AM
So in about seven hours the difficulty will change.  Where do you see it going next?  It is going to be around 156000 today.

My guest.... 170000

My guess.... 222222


So... I'm closer, new diff is 244139, I'm off by -8.9%

Did anyone else get closer?

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