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Nice set up. I wish I had the money to buy something like this. I wish you luck on your sale man. I'm jealous.
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+1 pro. Im for any increase in block size. The advantage of using only one coin is much higher than the HDD space required for anyone wanting to run full node.
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The funny thing is that Putin as a president is openly buying gold, does it mean he has no confidence of Rupee's future.
To be fair, there is no fiat currency worth being long on, not just Rupee's. |
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Cleveland @ Washington
85-73
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2. Why do many people mine to sell immediately, or use multipools?
It stands to reason the each coin varies in price over time, and if you wait for the optimal time or to hit a certain target then you will achieve a greater profit. Waiting for optimal time seems gambling to me, the dump can come anytime and you might be left with bunch of worthless coins. When you mine most profitable coin and sell immediatelly you have guaranteed small profit from mining, no risk here |
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Entry #21 And this happy pig went hashing  good luck  |
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Pretty weird question given both have very different value, I preffer the one with higher value.
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If you rent mining power, you will mine less Bitcoins than you pay for this service.
If you preffer some fun, use your GPU to mine new Scrypt altcoins and hope for pump stage and sell for BTC (dont be too greedy or you will not sell before dump come).
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Also Ripple is centralized and all Ripples premined.
I still dont know why Ripple could be usefull for something
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as I read from chinese news page, the 3rd party exchange releated to BTC is baned in china, all acount have to withdraw from now on, before chinese new year.
Best would be withdraw Bitcoins |
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I don't agree at this topic.
I believe that all alt coins are a long time investment so spreading your changes over multiple altcoins seems like a good idea for me. Ofcourse a lot of the coins are crap and will die in time but you only need 1 goldmine. Just don't forget that bitcoin wasn't skyhigh in the begining.
In future there will be not hundreds worthless copies of Bitcoin, but many thousands worthless copies of Bitcoin. Hopefully you have enought money if your plan is put some money in every new altcoin. The number of new altcoins will never stop if there will be enought demmand for burning money there  |
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Isn't Cryptsy also US based? I believe they were. That's another one added to the list. Coinbase also works too, and I think they are as well.
Cryptsy does not deal with USD, this make things easy and very safe |
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Perhaps dogecoin will be the next coin to hit 1k!
Perhaps this year as well  Starting as a jokecoin, so lets make jokes |
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I've also heard the term pump and dump which I think means get in low difficulty, coin spikes, dump it at spike for more valuable coin???
Pump and dump coin = after start the coin is premined and when it is on exchange the coin is pumped by buying more coins and increasing price, at some point all premined coins are dumped at once with very nice profit, price crashes and coin is abandoned. Time to create new coin then and repeat |
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The reason why Btc-e is Lower in price is the difficulty to fund your account (and the associated high fees of bankwire,funding to perfectmoney etc...) .
The reason is: it is hard to deposit Btc-e and very risky, a lot of stories waiting for Btc-e deposits even from previously instant options like okpay |
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What was your first time like? I used coinbase(4 days waiting period  ), for anyone who used coinbase their first time or mainly uses coinbase to buy bitcoins, how do you find their service? I dont like you are limited with the number of Bitcoins you can buy |
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With the price going so high so fast I bet there is some hysteria around BTC. You are doing the math, which is good and rational, but sometimes people aren't thinking with their head and they just want to make BTC and don't factor in electricity. Or maybe they have "free" electricty, I don't know. Or they might bet the price will continue to rise and that's how they're playing it instead of buying more BTC.
Fortunatelly the electricity is only small percentage of the mined Bitcoin, so you dont need to factor electricity now, but next year will be different and some ASIC miners wont pay even electricity cost |
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