I am curious what effect it could or would have to start mining in a pool after it shows a luck rating of below 80% long term (Monthly), and 60% short term (1 week). I know this method is used extensively in stock trades. They call it the RSI or Relative Strength Index. http://www.investopedia.com/terms/r/rsi.aspTime and price movements are not random, as say hashing is. Luck can be relative, just as Relative Strength is. Though it is possible to have permanently bad or low luck, it can not happen in nature over extremely long periods of times. Yes you can flip "Heads" on a coin 100 times in a row, but if starting at toss #1 the laws of probability will prove out in the long run. Aberrations are just "Variance" of the longer term averages. This can be used to a miners advantage. If you only start mining on a pool when it has short term (1 to 2 Weeks) luck below say 60 and switch to Pay Per Share when the pool luck goes above say 120, how would this affect the long term earnings of a miner? Because just as Bad Luck, never lasts, so to Good Luck can also not last. Unfortunately my college math skills have long been forgotten. This is called Gambler's fallacy. In reality for truly random process "bad luck" does not imply "good luck in the future". Even if you toss the coin and wait for 10 heads in a row then the next toss would be equally likely head as tail. There is nothing like "after 10 red in a row in roulette there must be more black than red". The ratio should approach probability, but the difference between "good" and "bad" does not go to zero. |
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But claiming that, by design, Bitcoin's higher goal is to get rid of fractionnal banking seems like a stretch to me. If anything, I believe that the first and foremost design goal of Bitcoin is to give back to the people the power to hold their money and the freedom to deal with it as they see fit. Remove that power from banks and governments. Bitcoin cannot prevent people from operating fractionnal reserve buisnesses (but I makes more difficult for a buisness to claim that it doesn't when it does).
Well put. I fully support the freedom of people to engage in fractional reserve banking. All I object to is the government confiscating my money and using it to guarantee such deposits. I agree. Not only government but also any other group, NGO, corporation, public referendum, common good, criminal organization, ... (Shall not have the power to guarantee such deposits. And Bitcoin makes this much more possible.) |
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Captain Jean-Luc Picard: The economics of the future are somewhat different. You see, money doesn't exist in the 24th century.
Lily Sloane: No money? You mean, you don't get paid?
Captain Jean-Luc Picard: The acquisition of wealth is no longer the driving force of our lives. We work to better ourselves and the rest of humanity.
Even in the post-scarcity United Federation of Planets, there is still a scarcity of time, which cannot simply be replicated. Joseph Sisko only serves so many meals each day and only has so many tables at Sisko's Creole Kitchen in New Orleans. If you want a reservation there, you may have to part with something dear to you in exchange for it. It may not be money — it may be your time or a product of your unique talents — but it's still trade, commerce. There is still scarcity in that world. You will never go hungry, but not everyone gets a starship. And also people are scare. Lets say everyone want to be treted by Beverly Crusher (hey, she is one of the best doctors in the Federation!). But there is only one Beverly Crusher. And land is scare. There are still wars for territory. |
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FRB is possible with bitcoin. But it would be much more difficult to get away with miscalculations and frauds.
Bitcoin bank can accept bitcoins and maintain "virtual bitcoins" balances for their customers. It can pay interest on bitcoins and lend bitcoins with (higher) interest. It can administer more "virtual bitcoins" than "real BTC" in its balance. And it can work well.
But it would be very easy to ask the bank about hard "real BTC" balance and quite easy for the bank to prove it owns this "backing". In light of this ease of proving real balance it would be much more difficult for bank to lie plausibly about its backing. (Bank can still issue false statements about its balance, but the extra careful customers will not be fooled.)
If the bank defaults there will be nothing like "too big to fail" no one will be able to (forcefully) bail out the bank and its customers.
Someone can consider situation: "Customer trusts untrustworthy bank, do not verify the information, is irresponsible and therefore looses all his money." a problem. Someone else can consider situation: "Customer trusts untrustworthy bank, do not verify the information, is irresponsible and he is NOT punished by loosing his money." a problem.
FRB will offer more possibilities and more profit with more risk and more need for trusting some institution (or persons, or safeguards). It will not affect the ones who will not want to participate. Virtual bitcoins will be clearly distinguishable from the real ones. It is up to everyone to decide his position.
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You can find this directly on the Havelock AM1 Page.... here it is below... Exporting SharesShares can be exported from AM1 into Direct ASICMINER shares by anyone, with the following limitations: - One transfer OUT of AM1 will be processed free once per 30 days per account. Subsequent transfers within the same month OUT of AM1 are subject to a fee of 0.25 BTC for transfers of 49 shares or less. - Transfers OUT of AM1 are always free for any transfer of 50 shares or more, but still have the 30-day limit between requests. - Export requests will be submitted to ASICMINER once per week, if your request does not make it into the current week, it will be processed the following week. Please note that confirmations and status updates will NOT be provided until the process is complete. How to Export to Direct Shares:1. Push your AM1 shares directly back to the issuer, by using the "Xfr" feature on your Portfolio page at HavelockInvestments.com 2. Send an email to tat.investments@gmail.com that details the quantity of the shares that you pushed, the wallet address & email address you want them to have in ASICMINER's direct share records. 3. After we receive confirmation from Friedcat that the transfer is complete, we will notify you. The email should be sent to Havelock Investments email instead of tat.investments from 1.3. 2014, right? |
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Next release will feature Coinbase, BitPay and Kraken as exchange sources (in addition to Bitstamp, BTC China and BTC-E). MtGox however is going out.
Would you be upset if MtGox is no longer available?
I know it is kind of black humor, but ... Well, we have what we voted for in your little survey.  |
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I'm ok with the 2% man fee. But as the fee affects arbitrageurs more than others, I'd like to see the auto-exchange first. That would be some kind of value for the additional fee.
I second this. That's a fair condition. Get auto-exchange up, have it running for a week or two to make sure it works properly, then pass a motion for mgmt fee. I also think this is a fair proposal. |
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Give hyphymikey a break. He is online, posting and thus most probably alive. Dont worry, just be happy that we have not lost a Bitcoiner.  |
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Díky za opověď Zephrame ...
tady je právě pro mě ta otázka .. já netušil, že KNC Miner ještě není na trhu, jak jsem psal .. mám doma tuhle mašinku těch 180 Gh/s .. a za těch 5 dní co mi běží vydělává tak okolo 15 - 17 usd každý den .. takže kdybych jich teď třeba .. dneska jel nakoupit dalších 8?
jak to funguje tady? ano přikoupím jich víc ... samozřejmě stoupne ohromě spotřeba ... ale i ten výdělek ne? ... protože i podle těchlech stránek
coinwarz.com
5 dní to sleduju a zatím to sedí na tu jednu mojí mašinku ... podle výkonu a spotřeby W a cenně za eletřinu to vychází při výkonu 180 Gh/s okolo těch 15 - 17 usd za den .. čistý příjem
když si tam zadáte třeba těch 8 antminerů upravíte hodoty i spotřeby a tak ... začne mi vyjíždět výdělek okolo 260 USD za den
je to důvěryhodné? Když na jednu mašinku to zatím sedělo?
Díky za případné info
To je nějaké divné. Pokud 1 mašinka vydělává 15 USD za den, tak 8 mašinek by mělo vydělávat 8x více, tj. 120-136 USD za den, nikoliv 260. Podle tohoto ( http://dustcoin.com/mining) těch 15-17 sedí. Ale je třeba si uvědomit, že s každým nárůstem obtížnosti klesá výdělek daného fixního výkonu. Ke změně dochází cca co 14 dnů. (Ve skutečnosti méně, protože v poslední době roste výkon poměrně rychle. Kdyby to bylo přesně co 14 dnů, tak se vlastně výkon nemění. Takže přesněji řečeno, co 2016 bloků dojde ke změně obtížnosti.) Pokud se obtížnost zvýší třeba o 20%, tj. 1,2x, tak výdělek klesne na 1/1,2=83%. Po dalších 14 dnech už to bude jen 69% a cca za 5 měsíců (po 10 cyklech) už to bude jen 1/(1,2)^10=16% tj. třeba 2,4 USD místo 15. Elektřina ale nezlevní. Časem se těžení přestane (pro danou cenu elektřiny) vyplácet. Velká otázka je, zda si na sebe ten či onen daný přístroj vůbec vydělá. Pokud si ale přístroj XYZ na sebe vydělá za čas T, pak dva takové přístroje (nebo tři nebo pět nebo dvacet takových stejných přístrojů) si na sebe vydělá úplně za stejnou dobu. (Akorát potom budou vydělávat tím více, čím více jich bude). Pokud si na sebe nějaký přístroj nevydělá vůbec, tak nakoupit jej vícekrát vede k ještě stejněkrát větší ztrátě. Otázka, zda těžit "něco jiného" je zajímavá, ale záleží tom, jak člověk odhadne budoucí cenu toho, co těží. U altcoinů může být brzo cena zlomkem dnešní. Mnoho jich funguje spíše na principu hazardu "budu jeden z prvních, kdo to začne těžit, a prodám všechno dříve než ti ostatní". Může to vyjít, ale nemusí. Nelze také opomíjet fakt, že koupit si těžební mašinu a těžit s ní bitcoiny (i když se to "nezaplatí") je pořád dobrý způsob jak získat poměrně anonymně bitcoiny (byť to může být za vyšší cenu). |
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Ok, we got the message. You want NXT.
Now, can we go back to this being a support thread? Thanks.
+1 |
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Dobrý den, mám na Vás prosbu a taky docela důležitou otázku ... cením si každé upřímné odpovědi ... v Bitcoinu jsem nováček, koupil jsem od nějakého chlapíka těžící stroj AntMiner ASIC S1 o výkonu 180 Gh/s za cenu okolo 40 000 kč ... mašinka zatím šlape dcl pěkně a při dnešním kurzu Bitcoinu se tam nějaká kačka objeví ... nad čímž jsem přemýšlel koupit silnější mašinku ... jenže tady je ten háček ... proč mi lidé kteří mě nabízejí antminery za 40 000 kč o výkonu 180 Gh/s říkají že doma mají třeba 6 těhlech mašinek a na tom těží když si to spočítám tak 6x 180 Gh/s se rovná ....... 1080 Gh/s .... ale cena za ty mašinky je tedy ..... 6x 40 000 kč .... 240 000 kč a teď na internetu se jiná mašinka .. KNC miner o výkonu 3000 Gh/s ... za cenu 220 000 kč takže mi to nesedí ... proč mít za stejný peníze a ne malé 3x menší výkon?? Takže se mě snaží nějak podělat? Peníze pro mě nejsou problém .. jen nechci být zbytečně podělán ... Děkuji za případné odpovědi ... PS.: Jestli je zde někdo kdo tom opravdu rozumí ... vyplatí se koupit miner o výkonu 3000 Gh/s? podle kalkulátoru i na coinwarz.com s tímhle výkonem vypadá na dcl i slušný výdelek ... kdyžtak se mi ozvěte i do e-mailu : Lexicek2020baz@gmail.com nebo i zde .. Děkuji za veškeré odpovědi Obecně a stručně.... Nelze posuzovat jen poměr cena/výkon, ale i pravděpodobnost a termín dodání. Pokud by existoval spolehlivý způsob jak získat KnC miner rychle, s dodáním do druhého dne, nebo do týdne, pak se samozřejmě vyplatí oproti koupi 6x AntMiner. Ale lepší (levný) AntMiner v hrsti než KnC na střeše. Další věc je, že ti lidé si třeba koupili AntMiner v době, kdy možnost předobjednat KnC ještě neexistovala, a teď je prodávají právě proto, aby si koupili něco lepšího. AntMiner s výkonem 180 Gh/s perfektně fungující 24 hodin denně 7 dní v týdnu by měl vydělat 0.2 BTC za týden. Pokud by se obtížnost nezvýšila (což se jistě zvýší), pokud by byla elektřina zadarmo (což není a nikdy nebude), a pokud by se nezměnila cena BTC v dolarech (může se snížit i zvýšit), pak si na sebe při nákupní ceně 40KKč vydělá za 111 dní. Pokud by obtížnost rostla pouze o 20% každých cca 14 dní (to je hodně optimistický odhad, od začátku roku 2014 byly nárůsty +20%,+26%, +23%, +19%, +19%), pak by se AntMiner zaplatil jedině kdyby cena stoupla výrazněji nad 1000 USD/BTC. (Např. při ceně 1015 USD/BTC a elektřině zdarma by se zaplatil v březnu 2015 a celkový výdělek by se blížil 10 dolarům.) Otázka jak důvěryhodné je dodání toho či onoho stroje v tom a tom termínu... to už budou muset odpovědět jiní. Já se v této oblasti moc neorientuju, je nad mé investiční možnosti. |
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I must say I am currently satisfied with the choice of exchanges and current plans.
But perhaps with all those "include this averaging service and include that averaging service" there is a room for yet another improvement (available in expert mode) and that is "custom price". It would work as weighted average over user-selected (checkboxed :-)) exchanges.
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Is there a thread exclusive to BTC-e operation/problems/announcements without all these altcoins advertising?
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Before the 'no plans' response for Nxt or other coins proposed, how about the following:
1. Let us know the criteria for having a coin added
2. If support aren't involved in the decisions, please let us know who to talk with
The community would LOVE to provide the right information for your consideration.
screw your dump coin.. how about this, use NXT for 2 years (you say it is awesome so no problem right?) and then come back if you are still using it then... and by using it, meaning to use it more than just trade it for BTCoh, you mean no one uses it to buy anything like 99% of the other junk coins? You seem emotional, I'm not a counselor. Anyway... Would love to see a few new coins on the exchange, especially Nxt. I would like to see coins used by merchants without connection to other cryptocoins of fiat (that is for buying real goods and not buying BTC/LTC/ATC/... or trying to get rich in USD/EUR/RUR/CNY). I would even not be angry if some of current coins are removed. Especially I would not like to see NXT, DOGE or MAXcoin on BTC-e. |
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Bitcoin is 135 at gox.WTF
Was 91.5, is 150. TTF. |
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Next release will feature Coinbase, BitPay and Kraken as exchange sources (in addition to Bitstamp, BTC China and BTC-E). MtGox however is going out.
Would you be upset if MtGox is no longer available?
I would not miss it. |
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It bothers me that the community doesn't stop using Gox. They have been major participators, or arguably even the instigators, of more than half of the major price crashes for bitcoin yet people still go back.
Big part of the community does. That is why the price is crashing. The ones still using MtGox will either loose their money (if they are wrong) or profit tremendously (if they are right). Both outcomes will be deserved and self-regulating. |
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Hypothetically... What would happen if the government of Ukraine is proEU (using the same way of suppressing demonstrations) and protesters are pro-Russia (using the same way of protest)? Would you judge them the same or not?
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Zda sa, ze aj bitstam robi problemi. Sice sa tvaria, ze u nich predaj prebieha OK, ale ked som ich poziadal v pondelok o zaslanie fiat meny na ucet, tak moju transakciu zablokovali, kym im neodpoviem na nasledujuce otazky. Neviem, ci to nahodou nema suvis s regulaciou v UK. Ale moj ucet je uz davno overeny, cize doklad totoznosti maju a kedze od zaciatku robim obchody s nimi, tak neviem, co a ako im mam zdokladovat. ) Tak ako som bol ich fanusikom, tak ma postupne BTC prestavaju bavit. Suhlasim, ze regulaciu potrebuju, ale toto je fakt moc...Ved to sa ma ani v banke nepytaju. We received your withdrawal request. As your withdrawal request met some of our volume and frequency thresholds, we will have to kindly ask you to help us better understand the nature of your relationship with Bitstamp. In order to do so, we require that an additional KYC (know your customer) procedure is completed before we can proceed with the processing of your transfer. We kindly ask you to send us a high resolution image double page of your international passport and answer the following KYC questionnaire: 1. How did you learn about Bitcoin? 2. What is the purpose of your trading on Bitstamp? Please describe in as much detail as possible how you intend to use your trading account. 3. Which bank are you using? Please provide the complete address and SWIFT code. 4. Estimated amount that you would be depositing/withdrawing to/from your Bitstamp account per month (in USD and BTC)? 5. What type of trading will you conduct? Buying/selling/both? Estimated trade volume per month? 6. What is the source of the funds which you are depositing to your Bitstamp account? Please provide any financial documentation which can confirm how the funds sent to your Bitstamp account were acquired. We kindly ask you to submit your answers and documents in a reply to this ticket. Zajímalo by mě, jestli mají vůbec právo zablokovat peníze např. v případě odpovědí: 1. Internet 2. Profit 3. The one I sent money from 4. Hard to tell in advance, 0 - 10 000 BTC 5. Both. 0 - 10 000 BTC 6. drugs, prostitution, terorism, scams, pornography. (no documentation available) |
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Ultimate goal of Altcoin is to keep only Bitcoin (and Litecoin?) [and perhaps, perhaps Altcoin] alive. Current malleability panic is a clever way to free weak hands and weak minds from their BTC (they will move to various P&D altcoins/scamcoins). Altcoin will prevail. Plans within plans within plans. I think we may want to let Namecoin exist, it does serve a distinct and important purpose. Yeah. |
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