Hello! I have My own power source (solar and wind) should I start mining?
And if so what should my first purchase be?
You could probably get obsolete miners for free. Might be an interesting hobby to see how much mining power you could get by using free devices and reinvesting the earnings into new equipment purchases. |
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bobsags3, aka. borito4 is a known scammer. Please do your research.
I do wish I had known this prior to agreeing to let him host one of my miners, which I never saw a single hash from again.  |
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We are now receiving 5.4TH/s in BFL cloudmining!AND... Here's the latest update from BFL: Monarch to begin shipping While PCB performance specifications have come in above the 600GH we originally projected, we have not yet hit the 1TH/s per PCB mark that we set for ourselves based on the strength of the underlying ASIC chip. We have achieved much higher speeds on test boards, but in order to be able to ship now we have stabilized the board at 700GH/s with power efficiency of 0.70 W/GH (+/- 10%). While we will continue to pursue the 1TH version of the Monarch for subsequent delivery, we want to get the best product we can out to you now. Shipping of Monarchs will begin next week. Here is an image of the Monarch ready for shipment to customers right now. (Please note the form factor with water cooling instead of air cooling)  As a reward for customers' patience and loyalty, we are adjusting the price of the 700 GH/s boards to $1,379 (ONLY $1.97/GH) and will be providing rebates/refunds for the difference. (Does not include cloud mining or Mining by the GH) For those interested in running cards in power efficiency mode, here is a chart of power consumption at different speeds (@220V): GH Total W W/GH 550 339 0.62 600 368 0.61 650 432 0.66 700 471 0.70 730 530 0.73 780 609 0.78 Specific details about updates to customer orders will be emailed and posted to each customers’ dashboards as boards are ready to be shipped.
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It's a good thing for markets to be tested. Bitcoin will come out of this stronger.
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Any one know why a standing bid can not be placed below the market  for nasty seats? While nonnakip could give you a more official answer, I believe it is due to NastyFans not wanting to hold your funds. You'll notice that you cannot deposit any BTC anywhere on the site, so there would be no BTC backing any placed bids. When asked about it back in March, this is the answer I gave to cryptocoinsnews.com: I think we’re probably the first Bitcoin exchange that doesn’t want to touch your bitcoins and charges no fees of any kind. We don’t allow users to deposit bitcoins, and try to handle them as little as possible. For this reason, we don’t have buy orders on our exchange. We only allow sell orders, and when you want to buy, you send BTC to an address specified for that transfer and those coins are bundled up to save on transaction fees, then sent to the seller. It is a limited trust system that not only keeps our users assured that we aren’t trying to amass their bitcoins for a long con, but it also reduces the regulator risk as we can in no way be confused as a bank, and makes us an unappealing target to thieves.
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Awesome project. Good luck!
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You still think BFL will ship? No way.
I'm confident BFL will ship a product, or provide meaningful compensation, or both. They are already providing us with cloudmining. Compared to Black Arrow, Butterfly Labs is the bees knees. I will reserve judgement until I get the product I paid for and can evaluate it. Any other response would be motivated by fear. We have been working on a way to make everyone happy and I think we have come up with a pretty good plan. We are finalizing the details this week, so I should have at least preliminaries details for everyone in the next few days hopefully. As a former miner, I would be happy with the plan. I realize it may not satisfy everyone, but I think it will go a long way to making everyone comfortable with their purchase and address the above issue(s) as well. |
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lol there is no panic selling, just less buyers, you do now that the number of bitcoin created a day is fixed right, so is all in the buyers
It is most certainly not. why, isn't 25 btc every 10 minutes, so 6 x 24 x 25= 3600 a day? i'm missing something? It's not fixed, because of variable time per block, currently is about 3850 a day AFAIK (was even higher). This is a pretty weak debate. You're both right. Difficulty exists to keep the # of coins produced per day at the same rate over time, but variance and network growth make it so that the number of coins per day is not the exact same one day to the next. |
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So I've been away since yesterday... Was there a triggering event to this drop, or no? Some news or rumor maybe?
nothing I'm aware of. 200 day MA was broken. technical configurations being exploited by people wanting a lower price, I guess. My thoughts as well. I hope we are right. |
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I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.
You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.
People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.
Sure feels like we're hitting bottom when I read posts like this. A good thing too, because I was getting worried. |
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I didn't realize until I got the coin that it is Captain Picard on the back.  |
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It is up and running again. Looks like it was down for about 3 hours.
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The pool is showing down and I also cannot get the NastyFans website up.
Is there a problem?
It does appear that there is a problem with the server. I've contacted nonnakip to investigate. For those of you who are donating hash power, I recommend setting up our BitMinter account as a backup. Here are the details: server: stratum+tcp://mint.bitminter.com:3333 username: OgNasty_1 |
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I have one. |
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Why not just setup a p2pool node?
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Interesting project. Good luck! I was planning something similar but you beat me to it by about a month!
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when you dont like risk, you should not be here  It's not about liking risk or not. Bitcoin is risky in itself. Altcoins and crypto stocks currently function only to rip off newbies or naive people. Hopefully there will be legitimate ways to crowdfund / invest bitcoins in the future. The problem is that Bitcoin is such an amazing and revolutionary thing in itself, expecting any investment to keep up with that is asking a lot. In a rising currency market like we've seen over the last 5 years with Bitcoin, the only things that can outperform are middlemen type setups (with a couple rare exceptions). Gambling or merchant sites that don't hold inventory for example. Since those types of sites create no real value, it's a tricky position to be in as an investor. There are a those that are trying to create actual value for a low entry price but this takes investment, and investing in products/services when the base currency is skyrocketing takes a long time to pay off. At some point people will be able to look back and see that there were many opportunities that existed today, but were hard to distinguish from the pack. |
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