|
Okay I crunched some numbers and on second thought this isn't a bad buy.
It has energy efficiency and electricity is not cheap. It is expensive for 6Ghash but there aren't any alternatives that are better.
|
|
|
|
There is enormous amount of miners contributing to the network and everytime you refresh the page on this forum you see feathercoin topics at the top... huge buzz now which has lasted for days. supply and demand. who on earth valued BTC at 124 each?  don't complain about it, instead capture the arbitrage.  uh I think I read there is already 4 million coins made since launch 6 days ago, there is supply, with zero demand. There were 2 million PPCoins made on it's first day. PPCoin is now worth 25 cents. It's actually worth 30 cent and it should be worth 30 cent. It's significantly different. Feathercoin is just Litecoin lite. |
|
|
|
|
What is special about feathercoin?
|
|
|
|
How much out of what?
I have originally invested in BTC a little under one percent of my gross yearly income (so, 3 days' gross income or a week's income after taxes, or a couple of weeks' disposable income).
I have some real estate and some debt, and I own a share of a small company. At the time I bought my BTC the money I put in was less than 0.5% of my net worth.
I've sold some of my BTC and I've actually withdrawn about double my original investment. In addition to that I have fiat in MtGox about thirteen times my original total investment and I still hold bitcoins with current value of 23 times my original total investment. So, I'm firmly in the black. As my initial investment was so small and it wasn't early enough, I haven't really gotten rich (yet).
Thats not in the black, thats called being in the green. |
|
|
|
Threw in $5k last november, and $5k more in january. It's worth like $120k now.
How do you feel now that you know you'll be a millionaire in 5 years? |
|
|
|
It's not an ASIC. It's a FPGA so it's bound to be more expensive. While you get roughly the same Gh/s, the two systems are vastly different and thus makes up the difference for the price. If you look at the FPGA, you will see that they are a lot more expensive. Please, calm down and read their post before posting like this.
Furthermore, we do not have the full details yet, but it looks like you get $2000 off the ASIC if you buy the FPGA, making it $745 for the FPGA.
If you feel that you have wasted your time here, maybe you should subscribe to this thread. No point in further posting.
You're assuming the FPGA is profitable and doesn't lose us money. If it's not profitable then how much of a deal is it? It has to either make us money or break even. 6Ghash is nothing and for that price it's a huge gamble. They could take the money from the FPGA and never release the Jupiter. |
|
|
|
They replied to my email they said at LEAST $2000 off of Jupiter.
lucky you. I sent a message with a few questions through their contact form almost 2 hours ago, still no answer. what email address did you use? anyway if true that means that we're going to pay mars only 795$. it seems a fair price as long as jupiter will be delivered in a reasonable time frame. How is $795 a fair price when BFL is offering a product with the same hashing power for $275? https://products.butterflylabs.com/5-gh-s-bitcoin-miner.html6Ghash is not enough hashing power to last 6 months but it is enough to buy these devices as needed to keep up if they are modular and cheap. If we can buy one of these devices each month for 6 months that would probably keep up with difficulty but I'm not a math genius so correct my numbers. That said where do you get the $795 price and how is it fair? Yeah I agree the Jupiter would completely change the game. If it's -$2000 for people who buy the Mars then that is only $5000 which is somewhat reasonable for the amount of hashing power it offers. The question is how reliable it is, how efficient is it, and I agree why does it need water cooling and how will that work? |
|
|
|
There is a (new?) trojan wallet stealer out in the wild ATM. Plenty of script kiddies and scammers are going to be trying to get you to download and install it, what's more they'll be putting posts to do so (using lies obviously). Don't install anything linked to on this forum, unless it's been found by someone with a good reputation to be legit. Assume everything is an attempt to steal your wallet. You should also encrypt your wallet when not in use. http://www.freeotfe.org/Here is a portable apps version http://www.freeotfe.org/downloads/FreeOTFEExplorer_3_51.paf.exeYou have been warned. Nefario How long until we get trojancoin? |
|
|
|
Thats expensive as hell dont you think, 1BTC each? But it could be worth it, unfortunately I'm not in a position to bid like this. I can only afford maybe 1. |
|
|
|
Thats expensive as hell dont you think, 1BTC each? |
|
|
|
FinCen - Financial Crimes Enforcement Network Bradley Jansen of freebanking.org http://www.freebanking.org/author/jansen/ mentioned this on "Let's Talk Bitcoin"'s podcast from today. His words, not mine. A MUST LISTEN! Starting at around the 9 minute mark and roughly half the show. Show Notes - http://feedproxy.google.com/~r/TheDailyBitcoinShow/~3/LKTs7vLbpLI/lets-talk-bitcoin-episode-001 MP3 - http://feedproxy.google.com/~r/TheDailyBitcoinShow/~5/v1uhZzA06to/89228962-mindtomatter-lets-talk-bitcoin-episode-001.mp3I imagine the first prosecutions will clearly be for things related to drug purchases, laundering money, etc. Regardless, when this happens it will affect the largest network of bitcoin users. He said FinCen has been the single biggest factor in stomping out currency competitors. e.g. - EGold The Patriot Act has made them all the more powerful. He said he heard it through the grapevine - that FinCen has prosectutions in the works for Bitcoin broadly speaking. He said FinCen put out the guidance in order to prosecute. And their guidelines were ambiguous as we all noticed. And he reiterated he knew the prosecutions were in the works BEFORE the FinCen guidance. This is something we have to prepare for as a community. I am planning on donating to Freebanking.org as a sort of insurance (and big Thankyou). Any other ideas on defending this en mass? It is better we prepare for this as FinCen is doing. I'm sure some of us have already started. We need a strong group of people, doesn't need to be large, just look at how the gun lobby just won out. Things like "regulations" (quotes intended) can be a very very big hurdle. Luckily VC's are starting to bring money into bitcoin as well as people all over the world. But, the USA is turning into a bit of a, let's just say, strict State and we need to prepare for the worst. WE are going to have to defend ourselves. Let's continue our Anti-Fragile nature, IAS You just said it. A type of insurance fund to fight prosecutions. |
|
|
|
WTF do you try to daytrade based on feelings, with no strategy at all?
Pros are making a profit thanks to you.
Partly based on feelings... I have a strategy too, but if I'm sitting in front of the computer screen that'll often go out the window when all the green and red arrows start flashing. I don't doubt it  When you see a profit you weigh the risk of not taking a sure profit vs the risk of losing the profit. Most of the time taking many small nibbles is smarter than taking large bites. People who trade on greed tend to lose money. People who trade by numbers tend to make money. Have faith in the numbers, and feel that instead of feeling yourself. |
|
|
|
Since the bitcoin recovery I've been trying to day trade.
It's worked fine a couple of times. Made $100 in one go, $200, and $60 another time.
However, it's also worked not so well a few times, and I've lost $600 in one go, and around $900 in one go, as well as a few smaller losses which could have otherwise been profits due to fees.
I'm so pissed, because when this current spike to 135 happened, I was waiting for the coins to drop a little lower.
I ended up panic buying at 135 thinking that we'd break through the wall.
We didn't.
Fuck me. I'm just so annoyed. I'd have around 20 more coins if I'd just put my coins onto a usb stick an didn't touch it.
Fuck fuck fuck...
I feel like selling all my coins at a loss right now, and never talking about bitcoin again (even though overall I know I'm ahead)
I've only made money. Stop being greedy. When you can make 50-60% profit then take it. When you refuse to take a sure profit thats when you risk it all for nothing. Take the small profits of 20-50%, they add up over time. Only bet long when you know it's under valued. |
|
|
|
|
Okay Ursay, I received an email from Bitinstant last night saying they were going to send me the Bitcoins and a confirmation email was sent:
OrderID: 911bd040-fb50-4b2e-856d-6dbfc335fca2
EventID: 27b68f0a-8aab-461c-a34a-5c2a3793a733
DestAccount: 1Hh54JkZRbSCom3ddsbJuVgACpy4dwbTXg
QuoteID: 6a316f2a-103b-48e4-8a9a-16b71f242330
User: SYSTEM
DestExchange: btc
eventtype: Order executed
EventSentAt: 1366683227.18
APIResponse: {'Transaction_id': u'5175ee5b468bb006a413fea7'}
FundsSent: $480.05 USD
How long is it gonna take? Was it sent?
|
|
|
|
Just look at Bitinstant. Butterflylabs. All these companies doing exactly your method and look at the results? I don't want anymore amateurware but that is just me.
Enough words about this. I look forward to your perfect P2P exchange that runs without flaws from day one, has all the features people could want from day one, and won't have any scaling issues. In the meantime I'm going to look if I can concretely support some project. Sayonera. Here is one: https://bitcoinstarter.com/projects/54The idea is good, it seems like it could work however based on how it's set up don't expect to receive many donations. They need to provide some incentives. No one is going to donate without any incentives beyond having their Bitcoin address listed. They can do better than that. Nothing stops the people developing this from charging transaction fees and paying back the people who donate. We need to contact whoever is behind that project and tell them to set it up so that by making a pledge or donation not only will their Bitcoin addresses be listed in the credits, but actual Bitcoins will be sent to those addresses associated with donating in the form of transaction fees (if you are behind the protect then find a way to set it up like that and I might be able to find some people willing to donate). These fees should last for a limited amount of time so that the donating individuals can make a reasonable profit of perhaps double their money and then make it free for all. This is a better model than making it completely free and taking money from one group of people to provide to another. The right way is to provide money AND reward people who protect Bitcoin similar to how miners get rewarded for protecting Bitcoin. I'll donate only when it's set up where I have incentive to donate. The best incentive would be simply to add my Bitcoin address to one of the receiving addresses for transaction fees over a certain period of time and to be fair the more I donate the greater the share I should receive, just to be fair. Otherwise if there are any Bitcoin millionaire types out there then someone like that should just pledge 100 Bitcoins or so to this and its done. |
|
|
|
Okay Ursay I'm back. Zipzap says they figured out what went wrong. Here is the email.
Claire Roberts (ZipZap)
Apr 21 21:14 (PDT)
Somehow both payments have the same BitInstant order ID...that is the issue - both are paid. Try going back to BitInstant again.
BitInstant Merchant order ID
4f2595c9-0007-48b8-9b03-0f9d922211f7
ZipZap Customer account ID
785 119 595
BitInstant Merchant order ID
4f2595c9-0007-48b8-9b03-0f9d922211f7
ZipZap Customer account ID
637 645 888
Can you please send me my Bitcoins now?
I'm not sure it is possible to have 2 different zipzap #s and 1 order ID #. I'm asking around to see if anyone has seen this issue before. Thanks again for your patience. It shouldn't be possible but it is. There is a bug somewhere in the system and it's important that you fix it before it happens to the next customer. |
|
|
|
Just eliminate day trading. Let FOREX do that. Only allow brokers to use exchanges like mtgox. QED.
If you do that no one will buy Bitcoins. Honestly day trading cannot be eliminated and isn't the problem. The problem is lack of infrastructure to support it. Blaming day trading is like blaming miners when in reality day traders are an important piece to the puzzle if Bitcoin will ever be a success. Perhaps Bitcoin should regulate itself through it's code or perhaps decentralize. |
|
|
|
|
Okay Ursay I'm back. Zipzap says they figured out what went wrong. Here is the email.
Claire Roberts (ZipZap)
Apr 21 21:14 (PDT)
Somehow both payments have the same BitInstant order ID...that is the issue - both are paid. Try going back to BitInstant again.
BitInstant Merchant order ID
4f2595c9-0007-48b8-9b03-0f9d922211f7
ZipZap Customer account ID
785 119 595
BitInstant Merchant order ID
4f2595c9-0007-48b8-9b03-0f9d922211f7
ZipZap Customer account ID
637 645 888
Can you please send me my Bitcoins now?
|
|
|
|
|
Show Posts
