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161  Bitcoin / Pools / Re: [50 TH/s] BitMinter.com [ASIC support: var diff, Stratum, GBT, rollntime] on: October 02, 2013, 06:48:15 PM
Is there a 32bit driver for asicminer usb's .335ghs.

Trying the 1.4.2 version on a 32 bit vista laptop bit cannot get the client to mine at all .

It found com4 then said tuning miner but not hashing happens .

do not know how to add screenshot in this forum .
162  Bitcoin / Pools / Re: [50 TH/s] BitMinter.com [ASIC support: var diff, Stratum, GBT, rollntime] on: October 02, 2013, 03:46:21 PM
If someone who had problems with the gauges in BitMinter client not working could try the current beta version I'd appreciate it. It's a little difficult to work on as it only affects a few users, but I made some changes that might help.

Just updated to 1.4.2.

Had to restart the client the same as 1.4.1 .

Clock and bottom right corner hash indicators not working .

Restart one time they worked ,it is a weird bug .
163  Bitcoin / Mining / Re: What else can you do with an Asic USB Miner? on: October 02, 2013, 08:04:16 AM
Hello peeps ,
I come across threads talking about mining being dead but I do not understand why .

My thoughts :-

1) Mining is the simplest most anonymous way to obtain Bitcoins .

2) Running miners in a home could allow you to lower your central heating thermometer transferring the energy to a heat producing source (miner)that also produces value (bitcoins ).

3) Miners placed into mineral oil with stones or bricks will release heat long after you turn the miners off .

4) Using miners as a replacement heating source negates the electricity cost .

5) with enough miners you could in fact place them in a sealed container filled with mineral oil and use them to heat your hot water system to save on make your energy usage more efficient while still producing a product with value ?

I may misunderstand some of the reasons for saying mining is "dead" but I feel that wasting the heat provided by our miners needs some thinking outside the box .

A usb miner placed into a 2 litre bottle of mineral oil can be used to keep a larger bowl of water warm ,while cooling the miner .

If we look at usb miners as a heating element then mining seems to be a case of adjusting your hash power to suit your income requirements .
164  Economy / Trading Discussion / Re: Mtgox sell off?? on: October 01, 2013, 03:18:20 PM
Thank you
165  Economy / Service Discussion / Re: 0.25 BTC Bounty - Show me a Mt Gox USD Withdrawal :) on: October 01, 2013, 06:13:23 AM
Months to withdraw. That's criminal. No excuse.

MtGox has lied to us before. Remember when they suffered a DDOS and said that they simply had so much traffic from customers that the site wasn't operating?
That's called a lie. You don't trust liars. We all just learned an expensive lesson. For those of us who trusted them too much, it could take months or years to recover, and our lives could have been damaged.

This is a reason we should be lobbying the government to prohibit handling of bitcoin except by an approved and fully qualified financial institution.
I want to be dealing with a real bank that has a reputation.


Lol real banks do have reputations and they are all bad ,corrupt ,rip off merchants that feed off the mass population.

Mortgage fraud in the billions ,libor fixing ,ppi fraud ,fraudulant charges , central banks have a monopoly and  have been serially abusing it for decades .

Currencies made from value-less products , a 1968 25cent would buy an american  gallon of fuel today,why ? it  was made of something valuable .todays 25cent is worth crap and will never buy any fuel .

The bankers you trust all removed currencies from be links to gold thus the wild west of devaluation began in 1971.
Human beings have proven un trustworthy of holding financial powers ,the only thing that ever controlled currency value was the gold standard ,but they fixed that.

Cryptocurrency removes the need for gold to police value .
Ingeniously it uses the collaboration of the global users to create value and structure .
166  Economy / Trading Discussion / Mtgox sell off?? on: September 30, 2013, 06:04:43 PM
Anyone  know what news there has been regarding mtgox ??

There is currently a sell off since US 2:30

Its down about $10 just today .

Or is it just a lot of traders arbitraging between gox and bitstamp?
167  Bitcoin / Mining / Re: $6k to invest in miner today. DIY or Commercial? Suggestions? on: September 29, 2013, 09:08:49 PM
just adding to your very nice analysis - porn industry is starting to look into bitcoin a lot so this could make it very very interesting

Porn is a massive market alone, If this happens ,bitcoin value rises, more see mining as viable option it all balanced again lol.

The major downside to porn adopting bitcoin is that it will leave me a lot less bitcoin to spend  Embarrassed



Do people still pay for porn then?


Obviously... as porn is one of the biggest industry worldwide.

Do you think porn industry is doing porn for free ?

Well you may be able to pirate a film ,but the real deal aint cheap ,you will need to stroke them bitcoin buttons all over her interface .
Don't even think about escrow  Shocked
168  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: September 29, 2013, 05:04:08 PM
I agree with You but I had some smart people telling me that they are convinced that one day it will be 1 million.


Not possible....
Who will put 1 million to buy 1 btc?



The cap is much lower

Approaching that point you will be dealing more in satoshi's .
A full BTC will be rarely used, but if you own one now you will be a happy person then lol.
169  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: September 29, 2013, 04:59:20 PM
I doubt we will break $150 in the short term unless some really positive news comes out .

Currently the order books of the major exchanges has lots more volume of sellers at the $140 ish level while the buyer volumes look weak in comparison .

Personally I feel the sellers are dominant approaching $140-$150 area for now .

Personally I would use the $120 ish area for buying, dollar cost averaging to as close the that figure as possible.

And try to sell over $140 .

On Mtgox we have in recent weeks tested resistance at $148 ish but have seen a sharp rejection .

I personally would not short bitcoin since there are few news events that can take the value to zero .

Yet there are thousands of news events that could raise the value of bitcoin .

 

Don't rely on Mtgox for a good price indication.
It has the highest volume by far so it cannot be ignored .
But Bitstamp has the same issues with seller volumes vastly outweighing buyers but the $150 level is reflected as $130 on bitstamp but if you take the price indication away the graph looks the same with less volatility .
Without volatility it is difficult to turn a profit in a sideways market .

Not much chance to make money trading on bitstamp alone .
The best way currently is arbitrage which for now is very lucrative if you can tie your money up and wait for withdrawals from mtgox to repeat the arbitrage again .
I expect that once mtgox start releasing funds more efficiently then the potential of arbitrage will also evaporate.
Buy $125 bitstamp  and sell $135 gox but you can only do it about once a fortnight but it simple to execute . 
170  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: September 29, 2013, 10:26:05 AM
I doubt we will break $150 in the short term unless some really positive news comes out .

Currently the order books of the major exchanges has lots more volume of sellers at the $140 ish level while the buyer volumes look weak in comparison .

Personally I feel the sellers are dominant approaching $140-$150 area for now .

Personally I would use the $120 ish area for buying, dollar cost averaging to as close the that figure as possible.

And try to sell over $140 .

On Mtgox we have in recent weeks tested resistance at $148 ish but have seen a sharp rejection .

I personally would not short bitcoin since there are few news events that can take the value to zero .

Yet there are thousands of news events that could raise the value of bitcoin .

 
171  Economy / Trading Discussion / Re: Automated Trading Contest (Prize 2 BTC) on: September 28, 2013, 02:14:59 PM
Awesome replies more than I ever hoped for .

I'am going to be googling the advice given here Thank you all
172  Economy / Trading Discussion / Re: Automated Trading Contest (Prize 2 BTC) on: September 28, 2013, 09:40:07 AM
I would love to be able to do what you guys can do .

To get my computer to automatically do things based on some information I have wrote .

Is there any were that these scripts ,I think you call them? can be learned by a very interested nooby .?

If there is does anyone know of a video format since I learn quicker watching instructional commentated video footage ?
173  Economy / Trading Discussion / Re: Real Time Charting, Order Book, and Time & Sales on: September 28, 2013, 06:51:45 AM

As soon as Bitstamp is available I'am a customer .


SoonTM

lol ty
174  Bitcoin / Mining / Re: $6k to invest in miner today. DIY or Commercial? Suggestions? on: September 27, 2013, 06:02:56 PM
If every person that wants to mine instead decides to buy and hold. Never spend there coin only sell if the price rises. How do we expect the currency to grow? Who is spending this coin? It seems to me that one of the driving forces in the BTC world is mining equipment. I understand what you are saying about if I buy hardware it will never have a full return but it seems that there has to be a better investment technique than this simple answer to buy and hold. BTW not I am not saying to buy hardware and Im not telling anyone that they are wrong if they do or not, I simply do not see how the buy and hold approach will work if every person who wants to get into BTC just decides to buy some coin and never spend it.

[edit: I realized I was being snotty and standoffish removed that content, not looking to start a fight.]

Like everything in life we need balance .

Bitcoin is attempting to correct the current financially corrupt market place were free market price discovery is a distance nostalgic memory .

1) Bitcoin need miners to survive .

2) Need a healthy honest market.(fueling a healthy valuation of bitcoin )

Currently mining technology is advancing very fast ,to counter this the mining difficulty is rising at a staggering pace leaving lots of individuals questioning there investment .

The market is very immature and has yet to find its feet ,until the market gains traction and the price rises mining will be seen as a hobby by some ,when the price of bitcoin rises mining will become more attractive again and the cycle will continue through the life of bitcoin.

When you realise The UK as an example  is in a financial position such that no other country in history has ever survived without a major currency re-evaluation then the one thing you do not want is that countries fiat in anything larger than you need to spend monthly .

The last re-evaluation in the uk was not long ago ,it was 15 February 1971 http://en.wikipedia.org/wiki/Decimal_Day.

That time they took old money till new money was fully implemented ,in the confusion to the public they also halved the value .

As an exampe your £6000 overnight will be worth £3000.

France was a bit more extreme earlier in history just like the USA Holding gold was illegal and the french beheaded anyone found holding gold .
Once these countries collected the gold ( real currency )overnight the price of it tripled and was reintroduced into circulation ,in the current example £6000 = £2000 .

Since our fiat currencies have no actual value ,beheading will not be necessary this time hehe.

Banker was originated from the french were it was an insult lol.



If bitcoin stays strong then since it is not controlled by governments's banksters it will do the opposite of what the governments intend ,in the current example bitcoins owned to the current UK value of £6,000 over a future bank holiday will be worth £12,000 assuming they devalue as in 1971 by 100% while £6000 fiat will over the same weekend become worth £3,000.

The only people that will escape are those owning virtual currencies or physical items of value .

Anyone noticed a big jump in gold prices over recent years and offers to buy your gold have you noticed the price of gold plummeting from the $1800 range ?
You are not being welcomed to gold lol but when the above events takes place gold will reflect immediately real value and could see $5000 over a bank holiday weekend .

Try to see cryptocurrency, physical gold, silver or any commodity as a wealth maintainer and possible windfall, were others not so savvy will see the little they have halved or quite likely reduced to a third .

No one can tell when this will happen ,we just know it has too .


175  Bitcoin / Mining / Re: $6k to invest in miner today. DIY or Commercial? Suggestions? on: September 27, 2013, 04:49:29 PM

The difficulty increases every 2160 blocks solved, it currently is about 10 days .

Bitcoin will steadily increase in value as it becomes recognised and used .
Bitcoin could possibly drop to zero if a major flaw is uncovered .

In the long term prices are set to rise but the risk is that the this is still experimental and has the potential to drop to zero in an instant ,as adoption grows this gets less experimental and gains trust then there is also a potential of a similar price rise that has been seen over the initial four years ,example :-
year 2009 --value   $0
year 2013 --value   $140 ish .
year 2017 --value   $280 ish .

The next country to do a Cyprus could could skyrocket bitcoin to $1000 very quickly .
If a major foodstore adopted bitcoin  bitcoin value could skyrocket .

The bitcoin market cap is currently 1% of overall fiat .
Every percentage increase of cap will raise the value of bitcoin and reflect a growing trust and adoption.

I feel personally that miners selling there bitcoins could be stifling price .
With the current massive increases in difficulty you need an every increasing mining hashrate to produce bitcoin .


just adding to your very nice analysis - porn industry is starting to look into bitcoin a lot so this could make it very very interesting

Porn is a massive market alone, If this happens ,bitcoin value rises, more see mining as viable option it all balanced again lol.

The major downside to porn adopting bitcoin is that it will leave me a lot less bitcoin to spend  Embarrassed

176  Bitcoin / Mining / Re: $6k to invest in miner today. DIY or Commercial? Suggestions? on: September 27, 2013, 08:24:24 AM

[/quote]

Also difficulty changes every 2 mondays at 9:00 am UTC+0


Ahh I C. Well, I said I have 6k to invest, not to spend. Its my life savings and I can only put it somewhere where it will grow. Everyone advising against mining so thats got me doubting it all... I know nobody can know this, but do you think the value of will go up as BTC gains popularity?
[/quote]

The difficulty increases every 2160 blocks solved, it currently is about 10 days .

Bitcoin will steadily increase in value as it becomes recognised and used .
Bitcoin could possibly drop to zero if a major flaw is uncovered .

In the long term prices are set to rise but the risk is that the this is still experimental and has the potential to drop to zero in an instant ,as adoption grows this gets less experimental and gains trust then there is also a potential of a similar price rise that has been seen over the initial four years ,example :-
year 2009 --value   $0
year 2013 --value   $140 ish .
year 2017 --value   $280 ish .

The next country to do a Cyprus could could skyrocket bitcoin to $1000 very quickly .
If a major foodstore adopted bitcoin  bitcoin value could skyrocket .

The bitcoin market cap is currently 1% of overall fiat .
Every percentage increase of cap will raise the value of bitcoin and reflect a growing trust and adoption.

I feel personally that miners selling there bitcoins could be stifling price .
With the current massive increases in difficulty you need an every increasing mining hashrate to produce bitcoin .





177  Economy / Trading Discussion / Re: Real Time Charting, Order Book, and Time & Sales on: September 27, 2013, 05:43:37 AM
Looking at various exchanges MTgox seems the most expensive to buy bitcoins from.
If I understand correctly currently the platform only supports MTGox ?
I would like to Buy bitcoins from the cheapest exchange .
I would also like to sell on MTgox .

I need a platform that can have multiple feeds of the exchanges used by 
http://www.coindesk.com/coindesk-launches-proprietary-bitcoin-price-index/

Will this be possible soon ?

RTBTC will support multiple exchanges. This is the immediate feature priority right now.

As soon as Bitstamp is available I'am a customer .
178  Economy / Trading Discussion / Re: E-Bay WARNING on: September 26, 2013, 05:02:41 PM
Any financial transaction should be done via escrow unless you are to meet in person

That hardly makes for frictionless commerce. What does escrow cost? 1%? 2%? That the buyer pays? I'd rather get the product, and let the seller pay 2% for the credit card processing. If it's acceptable, I keep it, if there are issues with it, i can return for a refund. And if the seller refuses to refund, I still have recourse. So even if the price is ultimately the same to me (X +1-2% for escrow vs X + 1-2% for seller accounting for credit card fees), going the route of the credit card is optimal. Especially in this global economy where face to face transactions often aren't feasible (I ordered some gear on eBay that was delivered from China; going to China to to the transaction in person would completely destroy the cost savings, for starters...)

Once I'am in contact with the seller I'am free to be paid cash ,if I chose to accept bitcoin how does that affect them ?

Sure, upon making contact with the buyer, you can both change the terms to whatever meets both of your likings. But advertising in your listing you'll charge 10% less to buyers who use Bitcoin, could be seen as having the affect of discouraging people from using anything buy Bitcoin, which is eBays gripe. They'd also call foul if you were using your own credit card processor and stated that Discover users were entitled to a 2% discount, Visa and MC users could get a 1% discount, but Amex buyers had to pay full price...

Besides all that, I'm actually surprised that they let you sell used vegetable oil..... good to know!

Thank you for your reply ,

I may have stated my case wrong in my first post , with my item being liquid oil,it is always the case that me and the buyer have to meet because the weight and nature of the product .
I understand the replies so far and can totally agree that items that do not require personal meetings is another ballgame but I have traded my oil for years with no issue .
If I understand correctly e-bay own paypal which in turn is in bed with the credit card mafia lol.
Reading the replies I think it may be possible to offer bitcoin as a trade for my oil but not offering any incentive to do so ,which is a pity but at least offering it as a payment option could help spread the word .

I feel that if we could offer items with a side by side comparison we could sell items 10% cheaper than other retail outlets .

Credit card fees and interest can add 8% to the overall cost of an item .
fiat is losing value every week you have it,while bitcoin is steady ish or increasing in value as the market cap rises and more recognised it becomes .

I personally feel comfortable offering 10% incentive even for fiat currency but were is the marketplace to publish such an incentive locally for me ??
179  Economy / Trading Discussion / Re: E-Bay WARNING on: September 25, 2013, 08:48:42 PM
What rat said. Your intentions might have been well, but imagine someone looking to scam buyers out of their money on ebay and what would be the best way to do that? Encouraging them to use a payment mechanism that circumvents ebay entirely means that ebay has no recourse when the scammer fails to deliver. Allowing this sort of thing means their service could become overrun with these types of scams, and people shop elsewhere.

The fact that it was bitcoin has nothing to do with the situation.

Why does ebay play god over sellers ,they are there to advertise my items ,I offered all the payment options available but in the description added a line to say if anyone could pay in bitcoin I would give them a 10% discount .

Once I'am in contact with the seller I'am free to be paid cash ,if I chose to accept bitcoin how does that affect them ?

What has it got to do anyone else what ultimately I and the buyer chose to trade in ,I simply offered an alternative along side ,so why do you not think it is a bout Bitcoin???
180  Economy / Trading Discussion / Re: E-Bay WARNING on: September 25, 2013, 08:41:38 PM

it's not about bitcoin. it's about their policies.

if someone pays in bitcoins, and the deal goes bad - how can ebay make it right?

they have no control over getting the buyer's funds back.

they are looking out for the buyer. you should understand that.


bitcoin offers protection to the seller. that's never been in eBay's agenda.   

If we understand that bitcoin is electronic cash ,and we apply the same common sense approach to the transaction .

Then we would pay over bitcoins as we now do cash ,only after the item being sold meets our satisfaction .

I do not see the big deal .

The transaction should never require trust .

Any financial transaction should be done via escrow unless you are to meet in person

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