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1701  Bitcoin / Mining speculation / Re: Want to start mining need help on: August 22, 2014, 10:43:27 AM
avalon3 is 325gh/s and Antminer s3 is 453gh/s. Both are not 800gh/s. How much I will be able to generate from them

Did you try the calculator link I posted?
1702  Alternate cryptocurrencies / Altcoin Discussion / Re: Comparing Anonymous Coins on: August 22, 2014, 10:36:27 AM
I see Darkcoin and Monero have a lot of fans and detractors, but are there other noteworthy anonymous coins, and if so, why? Why are DRK and XMR the "top contenders?"

DarkCoin was the first X11 algo coin and also the first anonymous coin featuring Coin Join technology. That's why it got momentum.

Then Bytecoin BCN surfaced, with a completely different 'Cryptonote' anonymous technology. Superior than Coin Join indeed (featuring ring signatures), but there were talks about 80% of the coin having been mined during 2 years of development before the coin surfaced to general public. So everyone thought the BCN was a missed opportunity. So someone cloned it and called it XMR Monero. Everyone jumped on the XMR wagon in the name of 'fair distribution' BS.

Now you decide what is right. DarkCoin and Bytecoin are 'original', Monero is a clone of Bytecoin. There's also a new anonymous POS coin called 'CLOAK'

If you're not sure, divide your investment among DRK, BCN & CLOAK
1703  Economy / Economics / Re: How do no fee exchanges make money on: August 22, 2014, 10:30:36 AM
Okay I sent them a small amount of BTC for trading. Amount that I can lose for experimentation. They seem to do rounding down to 4 decimals when depositing. So 0.000523 will become 0.0005. I don't know if that rounding is for display only, but I can't find any evidence that I still have it.

Did you try trading those? Are you able to trade all 0.000523 or just 0.0005 BTC?
1704  Economy / Services / Re: win88.me - signatures - 0.15 BTC paid up front on: August 22, 2014, 10:06:58 AM
Not sure if the deal is open, but I would like to join from 1st Sep.
Win88 username: sgksgk

Let me know if I'm eligible
1705  Bitcoin / Mining speculation / Re: Want to start mining need help on: August 22, 2014, 09:40:34 AM
At current Bitcoin prices, mining isn't much profitable, you should try directly buying BTC.

But if you're inclined to mining, use this calculator to calculate your earnings and payback period on your hardware -
https://alloscomp.com/bitcoin/calculator

Considering a Avalon3 800 GH/s miner, you can earn 0.5 BTC per month at current difficulty. This does not take into account the electricity cost.

edit: Here's a nice comparison of available hardware:
http://www.bitcoinx.com/bitcoin-mining-hardware/
1706  Economy / Investor-based games / Re: The PERFECT ponzi - guaranteed return of 10x your bitcoin. HOW? on: August 22, 2014, 07:01:43 AM
This is genious. This is simply the epitome of human ingenuity. Today is the day that we can instantly get 10x our money, for free off some person on the internet with a negative trust rating. How could it get any better than this? I am selling all my assets to invest into this miracle, I will become rich! Thanks guys, I'll be buying 10 Ferraris and getting all teh b*tches

Same here guys, cheers! I just sold my house and I'm all into this investment opportunity!! I even sold my family - wife, kids, everyone!!! Now I will be the sole owner of all new assets I acquire with this BEST EVER PONZI SCHEME !!!

Did I miss any exclamation marks?
1707  Economy / Investor-based games / Re: The PERFECT ponzi - guaranteed return of 10x your bitcoin. HOW? on: August 22, 2014, 04:28:31 AM
This is messed up. Why would you even attempt something like this?
Hopefully nobody commits any coin into this nonsense.

This has to be the worst attempt at a scam I have ever seen.

No No...  WAIT!!  Are you forgetting about the 10x return? This is the BEST opportunity I've seen in years. And that too from a newbie with -11 trust rating!

OMG, this can't be better guys, just send all your BTC savings and multiply it!!! C'mon!!
1708  Economy / Speculation / Re: Dollars not accepted here! on: August 22, 2014, 04:24:58 AM
But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Exactly. They will stop accepting USD does not mean they'll start accepting cryptos.

Nothing to see here, move on.
Did either of you two actually bother to read the damn statement?

Quote from: Amagi Metals
Thus, Amagi has planned that by the end of 2016, the company will no longer accept US dollars or other “fiat” currencies. Instead, Amagi plans to be trading exclusively in cryptocurrencies like Bitcoin.
Roll Eyes

OK, I was in a rush and didn't read the full article, only whatever was quoted here. Sorry for that.

I take back what I said and I think this is a good initiative from the company.
1709  Economy / Speculation / Re: what should I do, I invested a lot on: August 22, 2014, 04:17:39 AM
Again, LTC being a scrypt coin and capable of being mined by scrypt ASICs in and of itself has nothing to do with monopolization or centralization.
LTC was built in order to be an "ASIC resistant" coin. This is important because a coin that can be mined on commodity hardware (CPUs, GPUs and even FPGAs) is inherently more resistant to centralization.

In any case "ASIC resistant" seems a very difficult goal (if possible at all) to achieve, and it was clear that Scrypt was not "ASIC resitant" at all. The Litecoin value proposal has always been dubious, despite of it being an interesting (and probably necessary) experiment.

Now that Scrypt ASIC are in the wild and that its been proven that being x4 faster and having a x4 monetary base compared to BTC has a negligible impact on usability it becomes clear that there is nothing significant that LTC can offer us.

The LTC/USD value will likely just piggyback the Bitcoin value. The LTC/BTC value might grow at some point, but just because at this stage an incredibly big part of the market doesn't really understand crypto and acts in an extremely irrational way.

Is that really true?  LTC's primary purpose was to be ASIC resistant?  How the heck did I miss that?  I really find that hard to believe since it's a far stretch of the imagination to call something "ASIC resistant" just because an ASIC hasn't been fabricated for that purpose yet.  It seems *very* shortsighted (unless you're an LTC dev and wanted to make a quick buck).

I was under the impression that LTC, aside from making some superficial changes to the total supply and confirmation times, was intended to  be more of a BTC failsafe, i.e. if one network fails then we have another.  I didn't realize ASIC resistance was even a consideration, but I did assume that the fact that people could still reasonably use CPUs to mine LTC when it was introduced was one of the reasons scrypt was chosen as the mining algorithm.


The whole point of LTC is "ASIC resistance". Someone invented the LTC and instantly get huge support from miners because profit for bitcoin was switching from GPU miner to ASIC manufacture.

The development team did a half ass job when it come to infrastructure and marketing. There is no public wallet service for LTC I know of and there are few merchants accept LTC for payment.

The coin will probably fade away unless someone step in to build better infra or do better marketing.

There was a proposal to hard fork LTC in order to move it to X11 algo, which is ASIC-resistant at the moment. However the community denied the proposal and it never happened.

https://bitcointa.lk/threads/ann-litecoin-ltc-x11-hardfork-at-block-564-480.291272/

https://bitcointalk.org/index.php?topic=549572.0

1710  Economy / Speculation / Re: Dollars not accepted here! on: August 21, 2014, 01:04:33 PM
But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Exactly. They will stop accepting USD does not mean they'll start accepting cryptos.

Nothing to see here, move on.
1711  Bitcoin / Bitcoin Discussion / Re: Ideas for promoting bitcoin to mass public on: August 21, 2014, 12:49:26 PM
Send Obama a bitcoin and let him mention it on tv.

Nice, but how do we get him a wallet address?  Tongue
1712  Economy / Speculation / Re: Dollars not accepted here! on: August 21, 2014, 12:47:19 PM
...at the end of 2016...

I read that article, but the end of 2016 is way too distant future, as far as Bitcoin and other cryptos are concerned.

We don't know how things will turn up by then.
1713  Economy / Speculation / Re: i bought almost 1btc.. at 475$ on: August 21, 2014, 12:43:53 PM
I'm jealous! I want to buy a couple more but I am waiting for some funds so I have no doubt the price will be over $550 by the time I am ready  Sad

Same here! He has clearly made a clever call. If I was him, I would have bought more than five BTC at that price point, if I had funds.

I always wanted to buy below $500 price point, but by the time I get my funds ready, it's already over $520 and shows no signs of going down shortly again.
1714  Alternate cryptocurrencies / Mining (Altcoins) / Re: Who is the most interested in the mining? on: August 21, 2014, 12:11:43 PM
Some interested statistic about miners nationality based on software downloads

                                 Systems
    Country           Android   Linux   Macintosh   Unknown   Windows   Total
1.   United States       3           0   12           143           916           1,074
2.   Germany              1           0    0           153           183           337
3.   Italy                   0           1    2              4            208           215
4.   United Kingdom     0           0    1              0           175           176
5.   Russia                 1           0    0              7           130           138

The full scope is here  

Misleading info.

They're scrypt miners, not Bitcoin miners. (Since you posted this in Bitcoin section I'm assuming you are talking about Bitcoin miners?)
1715  Bitcoin / Bitcoin Discussion / Re: Nigerian Charity Now Accepting Bitcoin on: August 21, 2014, 11:57:06 AM
The word 'Nigerian' has earned numerous negativity for no wrongful reasons. As soon as I hear 'Nigerian', I want to run into the opposite direction as fast as I can, as soon as I can.

Even if this is legit, the word 'Nigerian' puts me off.
1716  Bitcoin / Bitcoin Discussion / Re: Bitcoin at the Pump, ideas on: August 21, 2014, 11:54:56 AM
I've read about some gas stations already accepting Bitcoins.
Never cared about getting into what POS system they use to accept BTC though.

http://www.coindesk.com/pump-gas-for-bitcoin-in-the-us/

http://www.kunc.org/post/welcome-colorado-gas-station-where-you-can-fill-your-tank-bitcoins

http://bitcoinmalaysia.com/2014/08/19/1st-petrol-station-to-accept-bitcoin-btc-in-malaysia/
1717  Other / Off-topic / Re: Places you want to travel to before you die on: August 21, 2014, 11:24:18 AM
I'd love to see the amazing mountains of China.

When you do that, do not forget the Tianzi Mountains. Reminds me of the flying mountains of Avatar movie.



Quote
Located in the northern part of Wulingyuan Scenic Area in Hunan Province, Tianzi Mountain provides stunning views of peaks, which rise one after another. It is known as 'the Monarch of the Peak Forest'. At the top of the mountain, visitors can see the full extent of the Wulingyuan Scenic Area. Beautiful scenes of the mountain greet visitors in different seasons. Visitors can take a cable car to see these charming peaks. The minimum running time is six minutes and twenty-two seconds for a single trip during which visitors can keep the wonderful scenery of the Tianzi Mountain in view. The best months to explore this mountain are April, May, September and October.

http://www.shaggypress.com/2013/11/top-10-natural-places-to-see-before-you-die.html
1718  Bitcoin / Bitcoin Discussion / Re: Ideas for promoting bitcoin to mass public on: August 21, 2014, 11:15:15 AM
In some sub-forum I saw someone has created a iOS and Android game where you play a super hero and earn free bitcoins along the process. That can work.

Also we need a killer app like WhatsApp which makes it a lot easier to send BTC to people on your contact list. Think of a WhatsApp where you choose someone from your contact list, input the amount you want to send and the payment instantly goes out to recipient.
1719  Economy / Speculation / Re: what should I do, I invested a lot on: August 21, 2014, 11:10:35 AM
hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?

In any case if you sell lower than you bought, you lose. Whether you believe in Bitcoin or not doesn't matter. If you sell now, you definitely lose. If you hold now, you have 2 options open - either you lose or you gain.

Choice is clear. Do not sell until Bitcoin rises to the prices you bought them for.
1720  Economy / Investor-based games / Re: The PERFECT ponzi - guaranteed return of 10x your bitcoin. HOW? on: August 21, 2014, 09:51:22 AM
I am creating the perfect ponzi.

Even if all your claims are genuine, it's NOT a ponzi.

It's a business where you're looking for investors.
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