I was under the impression that you had to be closer to 0.05-0.06/kwh to make a good profit. (But maybe that figure is wrong.) Also be sure that the price does not go up at any point. Where I live, for example, once you use a certain amount of power the price increases by almost 0.05/kwh
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People are realizing that an exchnge hack doesn't mean as much as it did a few years ago. It will take a few more weeks but the price will go back up to where it was previously. If it will go any higher is hard to predict.
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Online merchants might have a problem accepting bitcoins because it sometimes takes time to get a confirmation - as long as 30 minutes. How do you sell your products on automation with that?
I don't really see a problem with waiting 30 minutes for an online transaction. It's not like most places are going to ship your merchandise before 30 minutes anyways. The wait would be a bigger problem for someone buying something in a store, since you would want to walk out with the goods before waiting 30-40 minutes for the transaction to be 100% confirmed.
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Yeah just noticed they are down. Probably had to do some emergency maintenance.
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I think the hub you use has as much to do with these things running solid as anything else.
Yeah I'm pretty sure that most USB hubs use cheap parts and your stick is going to be getting way less power than it should be, which is what causes most peoples hardware errors. Definitely have to measure your actual power output unless you get a hub that is known to be good and already tested by other members.
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I don't think the price will be above $1000, that's still almost doubling in price. Maybe if another big online retail site starts accepting BTC payment we would have a huge jump, otherwise I think it will be a slow steady rise with a dip every time some exchange gets hacked or some other such nonsense.
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You guys act like the agencies actually want to win the war. If they eliminated all drugs they would be out of a job. They aren't trying to get rid of drugs. They have a system set up where they get to buy cars, guns, planes, all types of high-tech equipment, employ police on the street, secret undercover agents, prosecutors and judges, and a prison industry to lock all the offenders up. Its a business, and they are making a ton of money off a neverending "war".
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Good design. I would say you should try printing some where the logo is very off-center, top left across your heart or bottom right I love shirts where the design isn't completely in the middle.
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If he bought coins some time in the last two weeks when they dropped, he could definitely sell to make some profit. It depends on how much you are talking about since you will lose some to transfer fees etc... (Unless you have a lot of connections and can sell the BTC $1 = $1) If you are talking about 10,000 or 100,000 worth of stocks yeah you definitely made some profit.
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You can definitely design websites very cheaply. All you need is a computer and maybe some program like Dreamweaver, or not even that if you are really good or making just simple pages.
I've seen people make money just putting together a simple Wordpress site for some small businesses. If you actually know something about HTML, CSS and PHP you could make a lot of money. You just have to work to get some clients.
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There are several companies performing sybil attacks on the network.
Companies or government agencies? Do you have any sources for this? This is really scary and interesting at the same time. What would these people have to gain from this? Learning the IP address a BTC transaction is coming from?
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With the release of the new S9 miners, you should be able to get a used S7 in good condition for a good price from someone on the forum. There are members you can definitely trust here. I would be worried about buying used mining equipment from eBay unless the seller had a good reputation of selling Bitcoin mining related equipment and had some kind of warranty. Some used gear might appear to be working but under-perform due to some damage to the boards etc. Be sure you are getting the hash rate that device is supposed to provide.
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Even if someone won a lot of bitcoin in one of these casinos, I doubt they would actually declare the winnings and pay taxes on it. Most people that win money playing poker online for example never pay taxes. Add the anonymous nature of Bitcoin and I would be surprised if there was one person admitting their winnings.
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Have any technical details been released about the hack? It's interesting that they were able to take a large amount but not all of the companys assets. I guess this means that they were able to gain access to some addresses but not others? At least the company had things segregated enough to prevent an entire loss, I suppose.
But it all seems suspicious. I feel like either it was an inside job, or an attack by someone really sophisticated- government sponsored hacking team etc. I wouldn't put it past some agency to pull off an attack like this. It would be a great source of revenue for black ops that they wanted to keep off the official books.
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Aren't physical bitcoins much more expensive because they are collectible? The only ones I've seen were on eBay for something like $1,000 which is basically double the price of its worth.
Even though they are cool I would much rather just print a paper wallet or put a USB stick in a fire safe.
Someone should make another run of physical coins and make them cheap- around $5-10 and they would sell really well I think.
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Was there any other reason for the price drop last week other than the Bitfinex hack? If not I can almost guarantee it will be back up to $650 within the next couple weeks. If I had a few thousand dollars extra right now I would definitely buy a couple coins.
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Good luck man! I've got some small amount of BTC in my wallet from my signature campaign and I'm going to start to do some trading. Will be fun even if I don't make any money. Be sure to post if you get some hot tips about the next coin that is going up in value.
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I wanted to get into mining some altcoins about a year ago and I really wish I did start mining Etherium. It seems so risky now. After the fork, all the turmoil and everything that has happened...
Maybe mining ETC is still profitable but I feel like unless you can predict another alt-coin that will go up in value, you are probably going to be making just a few dollars a month for a large investment, and the ROI will be a while. (Depends on how much disposable income you have and how long you can wait to get it back I guess.)
Interested in Philipma1957 or someone with a similar setup on how long the ROI for your $1600 is.
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Step 1- start a bitcoin exchange Step 2- wait a few years, build up a customer base, get millions of dollars in coins deposited on your site Step 3- oh no we got "hacked"!!! Step 4- profit. Living on some island never working a day in your life again LOL
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This is actually an interesting question. I doubt that 99.99% of people dealing with Bitcoin are paying any kind of tax. Unless you are selling a lot of coins and earning a living from it, I wouldn't worry about any taxes. (I mean serious trading where you are earning tens of thousands of dollars a year.)
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