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1501  Bitcoin / Bitcoin Discussion / Re: future-proofing the storage of 140+ years of blocks has been solved by Sony on: May 06, 2014, 09:10:58 AM
How could any of us legally fill 185 TB in the nearby future?  Huh
1502  Economy / Speculation / Re: $438 and going down on: May 06, 2014, 08:02:19 AM
w'ell probably be at or around $70 by the end of the month. SELL SELL SELL

Nope. Not so low and not that fast.

That would be "*awesome".

Price is up? BUY BUY BUY
Price is down? BUY BUY BUY

*You know what I mean.
1503  Other / Beginners & Help / Re: transaction hash on: May 06, 2014, 07:25:41 AM
I was asked to give a transaction hash but I have no idea what it is and where to find out.
Can anyone help? Thanks in advance.

What type of wallet are you using?

The transaction hash is commonly called the transaction ID, or TXID. Depending on what you use, you can find it.

For example:

https://blockchain.info/tx/e2505d4b1e71f221f06f34912ca5fb22f5623de613362b0f1c8fcd1d7dfbc39c

The transaction ID here is found after "tx" in the address. The frontpage of blockchain.info is covered in transactions.

I hope this helps!
1504  Other / Beginners & Help / Re: Basic questions after first purchase on: May 06, 2014, 04:41:53 AM
The most reliable wallet is paper wallet or web wallet? Is it better to use both?

A paper wallet or a wallet program (such as bitcoin QT) or even a offline wallet are the safest - Make sure to give your wallet a password, and also get the private key of it.
1505  Alternate cryptocurrencies / Mining (Altcoins) / Re: Zeusminer on: May 06, 2014, 02:14:25 AM
Don't be tempted  by pre-order. Don't order until they actually have the product in stock ready for delivery and is verified by someone reputable.


Guess I'll just have to continue HODLing. Thanks!
1506  Alternate cryptocurrencies / Mining (Altcoins) / Zeusminer on: May 06, 2014, 02:06:56 AM
Searched around, can't find any specific reputation / discussion threads for Zeusminer. Any inputs?
1507  Other / Off-topic / Re: Next block halving on: May 06, 2014, 01:59:40 AM
It's called "successful black man." It uses racist stereotypes to surprise the viewer humorously.

Won't lie, the quotes make that kind of hilarious in its own way.
1508  Economy / Services / Re: Coin developer at your service. Want your own coin? on: May 06, 2014, 01:54:22 AM
4BTC, 1 Post, No Feedback, Your Dreaming Mate !

No one is that Dumb....

There we go again, underestimating the general population.

Look around  Sad Happens every day.
1509  Other / Beginners & Help / Re: Basic questions after first purchase on: May 06, 2014, 01:52:45 AM
Thanks, makes sense....

what website or application do I need to run to have my bitcoins in 'my' wallet free from any 3rd party.

There's several wallets you can run locally.

Electrum
Armory
Multibit
BitCoin QT (core wallet)
etc.

Check out https://en.bitcoin.it/wiki/Main_Page, Lots of info there.


Be sure to do this! Please! Too many people get scammed too often. :/

Unless you have the private key / public key pair, the coins are NOT yours.
1510  Economy / Services / Re: Instantly pay for any* product online with digital currency - First browser ext. on: May 06, 2014, 01:50:48 AM
The amount of asterisks on that website is horrible.  Lips sealed
1511  Other / Archival / Re: ASIC Bitcoin Miner – Antminer S1 4,6 THS on: May 06, 2014, 01:46:30 AM
Selling ALL Miners 27 BTC

All miner speed is 4.6 TH/S

Worldwide shipment via UPS.

Escrow Accepted




This is so strangely familiar:

http://www.bitcoinclassifieds.net/ad/7499_ASIC_Bitcoin_Miner__Antminer_S1_46_THS/

1512  Economy / Computer hardware / Re: Trade GPUs for Antminer on: May 05, 2014, 04:42:13 PM
Are you interested in three 7970s for a 290X? They all work for mining purposes.

That wouldn't be helping me though :/ Sorry. I'm trying to get rid of my GPU miners.
1513  Economy / Speculation / Re: $438 and going down on: May 05, 2014, 03:40:23 PM
I heard someone saying bitcoin is going to negative values, around -25usd. Do you think he might be right?

--
End joking mode

Lol'd.
1514  Economy / Lending / Re: .015 BTC Loan on: May 05, 2014, 02:59:02 PM
No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"

Its common?

As long as I am sure I can pay back the loan.

Right. As long as YOU are sure that you can pay back.

Most people aren't going to loan based on good faith for BTC - have collateral, or it's likely you won't get a loan. I'm sorry.  Sad
1515  Economy / Lending / Re: .015 BTC Loan on: May 05, 2014, 02:37:55 PM
No collateral atm

ANDDDDD There's the problem.

I was assuming since the loan is of little value, no collateral would be required. If it was, say, .05 BTC or higher, I would throw in some more BTCs as collateral.

Why would you ever use BTC collateral for a BTC loan?

"Yeah, I need 40 dollars. I'll give you 20 dollars for it!"
1516  Economy / Lending / Re: .015 BTC Loan on: May 05, 2014, 02:29:07 PM
No collateral atm

ANDDDDD There's the problem.
1517  Bitcoin / Mining speculation / Re: Mine, or Buy? on: May 05, 2014, 02:27:49 PM
I am looking to buy 3 Antminer S1's, and I don't have any electricity costs - Just gauging, do you guys think it would be worth setting up a group buy in order to get more of them?

Thanks
1518  Economy / Computer hardware / Re: Trade GPUs for Antminer on: May 05, 2014, 12:01:20 AM
600 for 290x ??

I PM'd you.
1519  Bitcoin / Mining support / Re: Formula to figure out BTC Per Day? on: May 04, 2014, 05:43:06 PM
Code:
The average amount of time (in seconds) to find a single share is:

difficulty * 2^32 / hashrate
In that equation, difficulty is the difficulty of a share and hashrate is your hash rate in hashes per second. A day has 86,400 seconds in it, so the number of shares you'll find in 24 hours is:

86,400 / (difficulty * 2^32 / hashrate)
A slightly more complex formula, using PHP:

$hashTime = ((float) $difficulty) * (pow(2.0, 32) / ($hashRate * 1000.0)) ;
$powerCostPerYear = 365.25 * 24.0 * $powerConsumption / 1000.0 * $electricityRate;
$blocksPerYear =  (365.25 * 24.0 * 3600.0) / $hashTime ;
$coinsPerYear = $blockCoins * $blocksPerYear;
$revenuePerYear = $coinsPerYear * $conversionRate;
$profitPerYear = $revenuePerYear - $powerCostPerYear;
$netProfit1st = $revenuePerYear - $costHardware - $powerCostPerYear;
if ($profitPerYear <= 0) $breakEvenTime = -1;
else $breakEvenTime = $costHardware / ($profitPerYear / (365.25 * 24.0 * 3600.0));

Copied from a google search.
1520  Economy / Computer hardware / Re: [WTS] => 2 TH/s | 11 Antminer S1 | $2000 USD + Shipping | Best Deal Ever on: May 04, 2014, 04:35:44 PM
  be careful

repeat be careful.



 This may be an attempt to over sell the item. seems like he has sent pm's to more then one of us and he posted this thread.

I could be wrong   and this could be a good deal try to escrow the deal if you do it.


For myself I no longer make purchases over 600 usd in btc due to the recent IRS reporting laws on 600 usd plus BTC trans actions.


I got this in my pm



Philip,

Its not an attempt to oversell the item. I saw your post in http://www.spondoolies-tech.com that you will be trying to get by with ants. So asked if your interested. Additionally we spoke over IM before. Check your past messages


ncsupanda, Is not firm and I explicitly asked his permission to entertain other offers. I also proved the ownership of the machines to him over the weekend by pointing them to an address. I will leave for him to comment

I am absolutely fine with you entertaining other offers. As mentioned, I'm a college student that's interested but needs time to get the money together. If someone else can pay you faster, by all means, take their offer over mine.
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