cmon cloudhashing! go no. 1 at bitminter! overtake hashing speed by a mile!!!
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Where did Cloudhashing go? Plans to bring them back?
Cloudhashing is there ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) and gonna be no. 1 come september. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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is this kinda like cloudhashing?
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is this kinda like cloudhashing?
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A friend of mine said Cloudhashing mining capability will increase to 30% for the July contracts. Is this true?
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Hi guys. Is this the official I gambled moneyz at Cloudhashing thread? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Hopefully everything will be sorted and will go at full power 100% capacity. Cmon cloudhasher, you can do better than this.
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Cloudhashing has finally started mining. Although not at 100% capacity since they are having problems with their ASIC suppliers (BFL?). Hopefully everything will be sorted and things will go full steam. Since they are a start up, these things are expected. We just need to be patient. Cloudhashing stats can be found in Btcguild and/or Bitminter. http://www.btcguild.com/index.php?page=rankings§ion=teamshttp://bitminter.com/livestats/bigCloudhashing customers feel free to post here. I am not affiliated with Cloudhashing, I am just a customer just like you. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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i think we need an official cloudhashing thread for the people on here who have bought contracts.
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Dear cloudhasher, why cloudhasher is right now not in the Fastest Users list? Thanks. We are on BTC guild top 20 users. Moving back to bitminter. which one are you on btc guild?
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I posted my son's opinion on bitcoin price movement a few weeks back. He told me not to expect any upward movement. His position remains "hold." He said today bitcoin price will be going down, and then up "to the stars."
is he a retard?
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oh and since you think you and your btc can make it without the 'system' why dont you give up all the stuff you bought with fiat, give up your job that pays you fiat and try living on your btc.
let's see if you're not sucking men for fiat in a couple of months.
So, if you can buy anything with bitcoin you will give up the fiat? Look at bitmit.net and see what you can buy there I don't think the option of consumption is the deciding factor, in fact many merchants accept bitcoin, but people still don't use them, maybe they are afraid that one day government will invervene and shut it down (although technically it is not possible) can i buy a piece of land with btc? oh hey i want to go to hawaii, i need a plane ticket. should i use my credit card or btc? oh wait no airline accepts btc. duh. Of course not everything on the planet, just like no chinese airline accept USD payment, you have to exchange to CNY first until i can get hookers for btc, i will convert all my savings to btc. but now? btc aint got shit. maybe in the future it will.
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short answer - of course it will. the world doesn't revolve around america.
oh wow. where have you been living? under a rock??? the usd falls, america will make sure it will take everyone with it.
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I've been lurking quite a lot recently. I find the players here funny, obviously most of them are amateurs riding the emotion trend way to hard. If you were smart, you would just sell your coins then wait until there is a comfortable bottom. We are at $67 now according to mtgox/bitcoinity and I doubt this will be the floor. I'm guessing $40's. I'm not gonna waste any of you guy's time with charts but $40's or $30's is definitely the time to buy in.. why? Because even if that is not the floor you have little to lose depending on how much you are willing to gamble. Anyways, why are you weak ones panicing now? Did you really think that the high prices would last long for what still is a child in development. Wait, buy in at low 30-40 then sit. If it works out it works out, if it doesnt it shouldnt bother you anyway because the rule of thumb is never to put in more than you are willing to lose. Man, I feel bad for all the guys that posted on here 3 months ago talking about the loans they took out for BTC. Get serious.
amateur With what justification. Please explain. in his mom's basement confirmed.
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Nature abhors a vacuum
Economics abhors a magic machine that prints money.
Here's what the network will look like at the end of 2013. Here's what the exchange rate will be set (forced) to by ASICminer and the few others fighting over ASICminer's scraps dumping their coins desperately trying to claw their way to make ROI
Incoming hashrates:
ASICminer = 800 - 1000 TH Avalon Chips = 300 TH Avalon Batch 2 = 30 TH KNCMiner= 200 - 400 TH BFL = 100 - 1000 TH
Hash rate : 1430 TH/sec - 2730 TH/sec
Difficulty : 203396803 - 388302987
If ROI is fast (i.e. meets 100% ROI in less than a year) because exchange rate is good, difficulty will go up to compensate as people want to buy magic money making machines
if exchange rate is sane, difficulty will not go up because ROI is normal, i.e. one year. This is what is happening now. This is what will continue to happen. So let's see what the exchange rate will be to make ROI sane @ 1 year
Marginal rate for plebs to buy hardware (KNC miner) : 17,500$ per TH/sec.
Price of BTC if set by plebs
Low diff: 49$ Max diff: 93$
Marginal rate for ASICminer to buy hardware : <10,000$ per TH/sec. We'll be conservative and use 10,000$. In reality it's probably closer to 5,000$, which means halve these numbers.
Price of BTC when set by ASICminer
Low diff: 11$ Max diff: 21$
Asicminer controls the price of bitcoin. They are the reason the price has dropped. It is impossible for anyone to get ANYWHERE near their level of efficiency except the ASIC designers themselves. All of who currently charge an order of magnitude more for their chips than they actually pay for them. ASICminer can get their chips for pennies on the dollar compared to you, and pays next to nothing for their industrial electricity.
There is nowhere near enough demand to buy coins to make up for the massive amount mined and dumped on a constant basis. The exchange rate will continue to plummet until the value of dumped coins actually meets the amount of money flowing in for goods and services (practically non-existant at this time.)
And as the price drops nobody who isn't an idiot will consider holding coins as an investment
TL;DR - Unless YOU are ASICMiner, or you got an ASIC already (Avalon Batch #1) - You are screwed. No, don't buy coins either, the price is going to keep dropping.
Oh, bonus points. They EASILY have enough hardware to 51% the network. They could break 75%.
angry gpu miner confirmed.
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I just don't understand it. A crash happens in every currency. Do people think that Cryptocurrencies are different?
I honestly don't understand. Bitcoin has had worse crashes, yet $65.40 sets off 'panic mode'? Seriously, whats the deal? I don't want Bitcoin to fail, but it's going to happen again and again as long as Bitcoin is alive.
buyer at 200 confirmed.
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I've been lurking quite a lot recently. I find the players here funny, obviously most of them are amateurs riding the emotion trend way to hard. If you were smart, you would just sell your coins then wait until there is a comfortable bottom. We are at $67 now according to mtgox/bitcoinity and I doubt this will be the floor. I'm guessing $40's. I'm not gonna waste any of you guy's time with charts but $40's or $30's is definitely the time to buy in.. why? Because even if that is not the floor you have little to lose depending on how much you are willing to gamble. Anyways, why are you weak ones panicing now? Did you really think that the high prices would last long for what still is a child in development. Wait, buy in at low 30-40 then sit. If it works out it works out, if it doesnt it shouldnt bother you anyway because the rule of thumb is never to put in more than you are willing to lose. Man, I feel bad for all the guys that posted on here 3 months ago talking about the loans they took out for BTC. Get serious.
amateur
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is everyone trying to figure out where the bottom is now?
that's easy, there will be long sideways action in the chart and a period of low volatility.
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oh and since you think you and your btc can make it without the 'system' why dont you give up all the stuff you bought with fiat, give up your job that pays you fiat and try living on your btc.
let's see if you're not sucking men for fiat in a couple of months.
So, if you can buy anything with bitcoin you will give up the fiat? Look at bitmit.net and see what you can buy there I don't think the option of consumption is the deciding factor, in fact many merchants accept bitcoin, but people still don't use them, maybe they are afraid that one day government will invervene and shut it down (although technically it is not possible) can i buy a piece of land with btc? oh hey i want to go to hawaii, i need a plane ticket. should i use my credit card or btc? oh wait no airline accepts btc. duh.
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