Bitcoin Forum
June 22, 2024, 05:55:25 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 [831] 832 833 834 835 836 837 838 839 840 841 842 843 844 845 »
16601  Economy / Securities / Re: Cloudhashing ASIC mining contracts,-UK LTD company on: August 02, 2013, 03:19:54 AM
we are mining at btcguild at the moment.

https://www.btcguild.com/index.php?page=rankings&section=teams
16602  Economy / Securities / Re: Cloudhashing ASIC mining contracts,-UK LTD company on: August 01, 2013, 03:47:26 AM
cmon cloudhashing!  go no. 1 at bitminter!  overtake hashing speed by a mile!!!
16603  Bitcoin / Pools / Re: [12 TH/s] BitMinter.com [ASIC support: var diff, Stratum, GBT, rollntime] on: July 31, 2013, 08:23:28 AM
Where did Cloudhashing go?  Plans to bring them back?

Cloudhashing is there Smiley


and gonna be no. 1 come september. Wink
16604  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: July 31, 2013, 07:10:17 AM
is this kinda like cloudhashing?
16605  Economy / Services / Re: Gigamining / Teramining on: July 31, 2013, 06:49:54 AM
is this kinda like cloudhashing?
16606  Economy / Securities / Re: Cloudhashing ASIC mining contracts,-UK LTD company on: July 31, 2013, 05:02:11 AM
A friend of mine said Cloudhashing mining capability will increase to 30% for the July contracts. Is this true? 
16607  Economy / Securities / Re: Cloudhashing ASIC mining contracts,-UK LTD company on: July 30, 2013, 06:26:08 AM
Hi guys. Is this the official I gambled moneyz at Cloudhashing thread? Cheesy

Hopefully everything will be sorted and will go at full power 100% capacity. Cmon cloudhasher, you can do better than this.
16608  Bitcoin / Mining / *** Unofficial Cloudhashing Thread *** on: July 30, 2013, 06:03:53 AM
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&section=teams

http://bitminter.com/livestats/big

Cloudhashing customers feel free to post here.

I am not affiliated with Cloudhashing, I am just a customer just like you. Smiley
16609  Economy / Scam Accusations / Re: is cloudhashing.com a scam?? on: July 30, 2013, 05:57:56 AM
i think we need an official cloudhashing thread for the people on here who have bought contracts.
16610  Economy / Scam Accusations / Re: is cloudhashing.com a scam?? on: July 28, 2013, 11:11:13 AM
We are mining :-)

http://bitminter.com/livestats/big

Official newsletter to follow. Register for updates.

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?
16611  Economy / Speculation / Re: My 2 year old sons most recent projections on: July 08, 2013, 11:54:42 AM
 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?
16612  Economy / Speculation / Re: Interesting players on: July 07, 2013, 04:45:03 AM
fishing for info
16613  Economy / Economics / Re: Why do people trust in fiat money? on: July 07, 2013, 04:42:26 AM
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.
16614  Economy / Economics / Re: Will Bitcoin survive if the USD fails? on: July 07, 2013, 04:39:49 AM
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.
16615  Economy / Speculation / Re: Interesting players on: July 07, 2013, 04:35:35 AM
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.
16616  Economy / Speculation / Re: ASICs are the reason the price is dropping, and it will not stop. on: July 07, 2013, 04:34:33 AM
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.
16617  Economy / Speculation / Re: Why are people panicing about Bitcoin's price? on: July 07, 2013, 04:32:48 AM
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.
16618  Economy / Speculation / Re: Interesting players on: July 07, 2013, 04:30:41 AM
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
16619  Economy / Speculation / Re: Confess, Single Digit Believers on: July 06, 2013, 11:49:09 PM
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.
16620  Economy / Economics / Re: Why do people trust in fiat money? on: July 06, 2013, 11:46:41 PM
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.
Pages: « 1 ... 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 [831] 832 833 834 835 836 837 838 839 840 841 842 843 844 845 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!