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ASICs will most likely be too expensive for the casual miner. there will most likely be GPU mining for a while, it just won't be particularly profitable.
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i'm just curious because i'm trying to think outside the box. I'm going to build a rig to mine that should only draw about 40 Watts. Until i build it and get it running i will have no idea what it's hash rate will be. Otheres have probably tried this unsuccessfully and i'm wasting my time and money, but isn't that what hobbies do?
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everybody posts their Hash/sec numbers. i'd be just as interested in Hash/Watt numbers. the first give you the likelyhood that you'll find something. The second, some of the cost.  |
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cool! love the addition!!!
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Could someone please explain what the Pizza Index is? I suspect this something that longtime reader understand but has us newer types scratchin' opur heads.  In 2010, a man purchased a pizza dinner for for 10,000 bitcoins (at the time valued at about $40 bucks). The Pizza Index was established at that time and it keeps track of what those 10,000 bitcoins are worth today, it's fairly widely adopted for a few reasons. 1 - it sums up the growth of Bitcoin, like the disaster we had yesterday didn't send bitcoins to 10,000 for a Pizza... meaning bitcoins are still UP in a huge way in just 900 days. 2 - Some say it's proof that bitcoin can't be a currency like a dollar or Euro, but rather it's a commodity like Gold or Silver, if bitcoins continue to rise at the rate they have been since 2010 for example (factoring out bubbles) ... a few bitcoins could buy you a flat panel TV today, in 10 years it might buy you the house to put the TV in. In other words people won't spend them for that reason, but they WILL invest in them because they can store wealth. 3 - Others believe that it is the most valid metric to present to new adopters of bitcoins, as in one number it tells someone the entire outlook of Bitcoins and their trajectory over the past few years. Thanks for the explanation. |
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Gold is at US$1454 at the moment
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Could someone please explain what the Pizza Index is? I suspect this something that longtime reader understand but has us newer types scratchin' opur heads. |
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I'm curious - genuinely - in what situation would there be "change" to give back? Why would you not specify a price that doesn't involve it?
Fat Fingers? |
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Yesterday i put in an order to buy Gold at $1490 per ounce this morning... Oops. Bitcoin isn't the only thing down today. The Stock Market is also dropping. DOOOOOOOOM!
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Isn't Ripple what Sanford drank on the TV show Sanford & Son?
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Transfer BTC to bitfloor.com and then do ACH withdrawl for better rate. Or use fastcash4bitcoins.com where the rate isn't quite as good.
Bitfloor doesn't like my browser. I guess they don't want my business. It must be nice to be so successful that you can pick and choose your customers. |
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you are in the wrong place, souls are bought and sold at soulXchange. google it to the correct url.
I'm looking at the site, it doesn't appear real money is in use. And, are you offering a real soul? is there such a thing? and if so, prove it. SoulBucks is about all any soul is worth. |
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That is a share of the work being done to find the next, i think it is a block. When the work is complete, the pool will send your portion of the bitcoin to your wallet.
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Is there no USA exchange that will just accept bank transfers? or credit cards? And if not, then why not?
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If you bought as an investment, then think long term. plan on holding them a year or 2 or 10. then you can ignore these little burps in the price. Or, you can take advantage of these drops to increase your holdings. one caveat though, never speculate with more money than you can afford to lose.
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the reason they are complaining is because with the exchanges down or shakey, they have nothing better to do.
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at least he isn't constipated.  |
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Who would insure that a bitcoin bank would play by any rules? How does a virtual bank using a virtual currency insure that the people they loan money to would pay it back?
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If, people were content to work solely within the currency they wouldn't even see a problem. The problem came from people wanting to exchange one currency for another. Nothing about bitcoin implies simple, safe exchanging between currencies.
That's what I'm saying. As long as Bitcoin is tied to fiat, it's grounded to the floor. Once we're able to shed it of government influence, the sky's the limit. Just...how does it happen? I don't think it's a technical issue, as much as it is a change that must occur at home. It can't happen. whether something is considered a currency or a commodity is determined by the buyer. The only way to disconnect from fiat currency is to refuse to exchange. But, how many miners would continue to mine if they could not exchange for their local currency? |
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