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181  Economy / Economics / Re: Bitcoin market cap is now almost... [annual tax breaks to oil companies] on: April 09, 2013, 03:45:24 AM
Now at the same level as the total annual tax breaks to the 5 largest oil companies (2011)
182  Other / Beginners & Help / Re: Utilizing A Computer Lab To Generate BitCoins - Best Options? on: April 09, 2013, 01:09:52 AM
So, any internet guides out their that explain how to build an ASIC system? Please correct me if I am wrong.
LOL

Sorry, I just had to...
Seriously though, start by looking up ASIC on wikipedia. Then pursue it from there, assuming you have hundreds of millions of capital.
183  Economy / Economics / Re: Bitcoin market cap is now almost... [cost to fund wikipedia for 100 years] on: April 08, 2013, 06:02:32 AM
Cost to fund wikipedia for 100 years reached. Maybe I should start thinking about making the targets further apart?  Roll Eyes
184  Economy / Economics / Re: Bitcoin market cap is now almost... [star wars reached] on: April 07, 2013, 04:13:47 PM
Box office revenue of Star Wars, adjusted for inflation.
185  Other / Beginners & Help / Re: CPU mining question on: April 07, 2013, 04:25:31 AM
Use cpu pooler miner. It is a program. Google it.

Please answer the following question:

Why are you mining?
186  Other / Beginners & Help / Re: Utilizing A Computer Lab To Generate BitCoins - Best Options? on: April 07, 2013, 04:20:47 AM
I need some guidance with this one. I recently discovered Bitcoins and have a "basic" understanding. I am wanting to ramp things up to maximize potential profit. I have the following items at my disposal:

70 Laptops running XP or Linux available 24/7

My question:
1. BTC Guild, BitMinter, or other for pooling?
2. Guiminer, BitMinter, or other for mining?
3. Should I focus on Bitcoins only or try to mine for litecoins and namecoins at the same time?

OR

should I be considering something totally different? I am open for all options.

Thanks in Advance,
J



First, your questions:

1. BTC Guild, BitMinter, or other for pooling?
Just to be sure, by "available 24/7" you do mean they will be running, on and mining 24/7?

2. Guiminer, BitMinter, or other for mining?
cgminer
poolercpu miner (if power is not a concern)

3. Should I focus on Bitcoins only or try to mine for litecoins and namecoins at the same time?
Not if you want to make things complicated.
But you can merge-mine namecoins at some pools and CPU mining litecoins is still more profitable than CPU mining bitcoins and will remain so even if GPU mining litecoins becomes less profitable than GPU mining litecoins.



Now, my questions:
Are power costs something you are worried about? If so, please tell us your hourly rate, as profit is revenue minus power costs.
How often are you willing to go ahead and reconfigure all the machines? (daily, weekly, monthly?)
What are the specifications of the machines? (CPU and GPU brand and model)
187  Bitcoin / Armory / Re: "Digital Backup" vs. "Paper backup" on: April 05, 2013, 07:13:18 AM
Not quite sure what you mean by all that but it's the same thing. For a digital backup you could export all the private keys and put em in a text file on a usb key and it would be the same as a paper backup but on a usb key. Or you could just put the whole wallet.dat there. Or you could email an encypted wallet.dat to yourself.

You can recover as long as you have the private keys in some form.
188  Other / Beginners & Help / Re: p2pool warning: Upgrade required on: April 05, 2013, 07:07:27 AM
It's telling you to update bitcoind, not p2pool. Notice how it says from bitcoind.
189  Economy / Service Discussion / Re: BitBillions New on: April 05, 2013, 04:22:04 AM
One day you are going to wake up and wonder why you didn't look into this more when you had the chance. I really am surprised you people have bitcoins. So many people believe the whole bitcoin concept is a ponzi so I thought people that owned them would be smarter than that. Obviously I was wrong.
MORE personal attacks? As someone who doesn't follow this thread and only comes back once in a while to read a few of the latest comments:

You are not making bitbillions look good at all. And you wonder why no one here wants to invest?


Seems you go by this philosophy:
1. Make a presentation in unprofessional-style post with an overly excited to the extent of crazed looking avatar.
2. If people question you, instead of making well thought out and convincing posts, insult them.
3. Tell everyone who doesn't appear interested that they are morons and will regret it.

Maybe you are right about the trolling however it seemed to be way beyond trolling.
This is normal. Have you never been on the internet before? Ignore them. You are just making yourself look bad.

I don't think there was any 'attacking advertising'.
really?
"One day you are going to wake up and wonder why you didn't look into this more when you had the chance. I really am surprised you people have bitcoins. So many people believe the whole bitcoin concept is a ponzi so I thought people that owned them would be smarter than that. Obviously I was wrong."


No that is incorrect. I don't mind if people don't want to join, that is their decision. But I would like a bit of thought made about it.

That is still a control mindset. You want to force people to think about it?

Everyone has a choice that is theirs to make. Nobody should make them feel bad about that choice.
Take your own advice.

If you think this thread is too trolled, have you considered abandoning it and starting a new one? Perhaps with more details in the first post?

And perhaps consider not responding to people in a way that makes you look more and more like a scammer of affiliate thereof.

Anyway, just ignore me.
190  Bitcoin / Hardware / Re: First BFL ASIC! on: April 05, 2013, 03:06:06 AM
Hey Luke, have you tested this on P2Pool yet? If not, would you be willing to?

Myself and a few others have got a total of ~270GH/s on order and intend to put it all on P2Pool, barring any BFL issues like with the FPGAs.
191  Bitcoin / Mining / Re: how can BFL still be advertising on the forum on: April 04, 2013, 06:31:56 PM
this is why the bitcoin community sort of sucks its full of scammers with no checks on their manipulations of people... nobody is held responsible.  if people actually knew those BFL guys like luke they'd probably hassle em for real answers, and they may even get a solid ass whooping if they refused to pose any evidence.

that is the dark side of complete anonymity... 
Huh?

People know the BFL guys.  Their address is public, and Josh said that anyone is welcome to visit them, just so long as they set up an appointment beforehand.  BFL is far from an anonymous company.  They have given real answers as to the delays.  I don't know what else a person could expect from them, other than more reasonable estimates of time in the future.

That is good to know. It's only 15 hours from here, I will seriously drive over there and document the trip with photos on this forum this month.
Sweet!  It wouldn't hurt to get some more pictures and another user account of visiting.  So far, Kano & Luke Jr have been the only ones to visit (that I know of).

And Kano posted pictures on his website kano-kun.net
BFL did say anyone could visit so I believe if you talk to them they will let you tour. It would be cool to see newer pictures.
192  Bitcoin / Bitcoin Discussion / Re: What are the biggest mistakes you've done with Bitcoin? on: April 03, 2013, 07:28:27 AM
Paying for mining equipment in bitcoin instead of USD. But that is circumstantial. Had BTC gone down in price, I would have been better off. I admit I had less confidence in the system back then.
I am also not a large risk taker to I wanted to keep my risk within the bitcoin ecosystem.

Even earlier on, forgot the password to my first wallet containing 3BTC. Then found out that I had also lost the wallet.dat file when I tried to look for it this year.
193  Bitcoin / Hardware / Re: Looking for system integrators for new asic on: April 03, 2013, 07:11:57 AM
Until someone actually asks for money it would be premature to even consider this as a scam candidiate.

We can take a closer look if/when the integrators start putting up their finished products for sale.

We need a label like "the boy who cried wolf" as much as we need a "scammer" tag.


I'm not accusing anyone of anything. I'm raising questions and speculating.
194  Alternate cryptocurrencies / Altcoin Discussion / Re: Looking to build LTC rig - suggestions needed on what I'm missing on: April 03, 2013, 07:03:55 AM
Follow tacotime's build. I have looked it over and would like to endorse it. Your current revisions to your own build still have issues.
https://bitcointalk.org/index.php?topic=163306.0

Looking it over more now, I would consider it an ideal build. Reliable brands, parts, etc.
I have my preference for including the AMD APU but from what you have said before, I would recommend you don't complicate things for yourself. Don't change his build for your units.

tacotime, can you confirm that litecoin mining needs more system ram?
I was going to comment that I thought 2GB wouldn't be near enough for litecoin, like it is for bitcoin, but my litecoin endeavors are limited.
195  Economy / Economics / Re: $125!? Phluck me running... on: April 03, 2013, 06:50:22 AM
131!!

*glances up at top right monitor*

Holy fuck.
196  Economy / Economics / Re: Bitcoin parity: what is a bitcoin worth? on: April 03, 2013, 06:48:38 AM
A barrel of oil.
197  Economy / Economics / Re: Bitcoin market cap is now almost... [1 billion hit] on: April 03, 2013, 03:08:44 AM
^yeah eh?

We just hit enough for $10 for every US household.
198  Other / Off-topic / If you ordered from BFL, would you post it? on: April 02, 2013, 02:50:46 AM
YOU DO NOT HAVE TO HAVE AN ORDER FROM BFL TO RESPOND. --> This is simply looking at ratios of what people are willing to do.
Poll expires in one week, then we get to see the results.

Link to wait list:
https://bitcointalk.org/index.php?topic=89685.0

This poll is to help get a better real estimate of the number of pre-orders. I am using it as a statistic to use to multiply the orders listed by the ratio of yes/no.

So this idea is very very far from perfect but does give a good idea of how many people like to post their orders in a public forum vs those who don't.
199  Bitcoin / Project Development / Re: Bitcoin Arcade - Promoting Bitcoin with Games on: April 02, 2013, 12:07:11 AM
Hey awesome. Flash games but bitcoin based. Good job keeping the site up and running for so long as the games are pretty cool.
200  Economy / Economics / Re: Bitcoin market cap is now almost... [1 billion hit] on: April 01, 2013, 10:46:53 PM
(rounded to nearest dollar) $108 US needed to meet next target.
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