Someone in customs is mining Bitcoins.  |
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Wow if you're just breaking even at BTC $68 you really need a low power ASIC.  Japan? |
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Forget refunds, what would a gold miner do if their equipment supplier didn't deliver and they lost production?... ...sue someone for breach of contract and damages! Greedy ASIC supplier vs. greedy lawyer.. FIGHT!  |
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There is no reason BFL should get a scammer tag - It isn't their fault that people fell for a product that would clearly never be made.
Seriously what are the bumps in their EclipseMC (BFL's) Mining pool if they were never made? https://eclipsemc.com/graphs/historical_rate.phpI suspect they got made and went stealth mode. Somebody should screen grab this 7 day chart before it disappears. |
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We're still in the smart money phase of your chart. Talk of a bubble this early on is absurd.
Smart money was 2010/2011  |
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Wouldn't that be a major waste of money? I mean buying something to destroy it when it will never be on their level.. seems counterproductive to me. Huh
We are talking about the U.S. Government. "Counterproductive" and "waste of money" are its primary characteristics. The US government does have a way to manipulate currencies, it's called the Exchange Stabilization Fund. ESF $550bn vs. Bitcoin $0.5bn "may deal in gold, foreign exchange, and other instruments of credit and securities." http://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx |
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www.ubuntu.org just install it onto another partition on your hard drive and only use it for bitcoin client.
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You can always find people selling on ebay, dispite the risk of a PayPal charge back.
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Since they're having problems testing on the test rig, simply test it live. Any coins earned, they can donate to a charity of Frizz's choice. Conspiracy Theory: Fly a programmer in to make your software hide your ASIC mining from the pool stats.  Unless they start denying refunds, they shouldn't be labeled as scammers. You understand how a Bitcoin arbitrage scam works right? You take bitcoins for a project then refund $ later when they are worth more. Free loan to build your mining farm plus a skim off the top. |
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21,000,000 x 8 decimal places. It's a deflationary fractional currency. 21,000,000.00000001 BTC The best way to destroy them is to crush the exchange rate with the Exchange Stabilization Fund. Which I expect them to do as soon as Wall Street gets hooked into it and creates a short derivative. |
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I can't imagine the kind of electricity bills you guys get out there. Thanks for sending us Al Gore and his Global Warming tax propaganda, our governments fell for it hook line and sinker! CO2 is the air you breath out, to tax Carbon Dioxide, is to tax breathing! |
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5 posts and 4hrs logged on the forum to escape Newbie prison.
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All bubbles burst. Know the signs... I would say we're in the "Enthusiasm" or "Greed" stages.  |
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The cost of equipment and electricity to produce a Bitcoin is it's backing as far as I'm concerned. A miner won't sell their coins at a loss. I always say to people, mine one, then you will know it's true value. Could the blockchain be destroyed. Possibly, they keep backups though, but the database is pretty funky and if there was a really high number of transactions, you never know. Some even called for banning certain gambling games with a high number of small transactions. (the recent fork issue). So not everything is ready for global transaction domination yet. |
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You no accept card or paypal, you no trust, you create demand for bitcoins, push price higher. Bitcoin payment need trust. We use other payment now? Or you still no trust?
As a vendor, I don't trust Paypal. And I've had many bad experiences with credit card companies where I always ended up holding the short stick If I could do my entire business by receiving BTC only, I would surely sleep a lot better at night That was the point of my piss take, he says we don't trust Avalon so have to pay more, but to buy with Bitcoin you have to trust your supplier! Now if you gave trust discount for paying in BTC, but higher price for card/paypal payment, that would make sense.  |
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Did you download the Bitcoin client and generate yourself a bitcoin address?
Then did you enter a pool address? 50BTC pays daily.
Not sure if a CPU will generate much, get a cheap Ati 5830 graphics card of ebay 260 MH/s and you'll have about 0.8 BTC a month.
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Or... Just use your $65 to buy an Ati 5830 graphics card, put in your PC, download GUIMiner and mine BTC 0.8 a month. |
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I think a lot of it is because the only ASIC manufacturer with a product only accepts payment in Bitcoin and they raise the price every time they have a production run. 600 untis x $5000 = $3,000,000 Also the Bitcoin gods half the payment for mining making it more costly to produce coins. |
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