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21  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] [LTC] [PPS] [OTP 2FA] [Stratum only] LTCMine PPS mining pool (3.3%) on: July 02, 2013, 05:02:46 AM
Balthazar,

You are doing great, I really appreciate the communication here and transparency.

Thank you!
Ami Heines
22  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] [LTC] [PPS] [OTP 2FA] [Stratum only] LTCMine PPS mining pool (3.3%) on: June 30, 2013, 06:30:12 AM
Hi  Balthazar,

Sorry to hear about the problems. I hope you get back the money from the mistaken withdrawals
Week starts on Sunday here in Israel and I just now found out about this.
I switched to the new port and set my donations to 100%.

best regards,
Ami Heines
23  Economy / Economics / Re: Tool: Calculate the future value of a single Bitcoin on: April 25, 2013, 12:13:14 PM
New buyers will come to the market. For example, I only heard of bitcoin when it crossed $100 a couple of weeks ago. I started mining as soon as possible but now I understand the value of it more and want to buy.

The verification process for the wire transfer takes a few days and when I get approved I plan on buying both BTC and LTC with a significant part of my savings. I believe bitcoin is extremely cheap and will grow by several orders of magnitude in the coming years.

I wish I knew about it when it was $0.05 per bitcoin but this kind of thinking is not useful. I'm sure in 3 years we'll be able to look back at this time and think the same.
24  Economy / Economics / Re: Tool: Calculate the future value of a single Bitcoin on: April 25, 2013, 10:30:16 AM
However exchanges do not sell bitcoins at all, their customers sell and buy.

Actually, the exchange earns money from every trade and they earn both USD and BTC as they take some from both parties for the privilege to trade using their market.
25  Economy / Economics / Re: Energy consumption could become an issue if bitcoin really breaks through on: April 25, 2013, 08:26:53 AM
A 19th-century Member of Parliament predicted that, given the rate of growth of traffic, London would be six feet deep in horse manure by 1910.

It's hard to predict the future by extrapolation, one aspect missing in the discussion is that if bitcoin becomes more widespread and accepted and devalues the USD than maybe the calculation shouldn't be based on current electricity costs in USD.
26  Economy / Economics / Re: Tool: Calculate the future value of a single Bitcoin on: April 25, 2013, 08:05:28 AM
The total amount of coins ever is going to be 84 million.
It might go to 1000000$ per coin!
84 million is litecoin, for bitcoin it's 21 milloin.

Soon, when Bitcoin will pass $1000 people will use mBTC as it will be easier to talk about something near 1USD in value. It is not a mathematical problem or a technical problem, just our wetware limitations.

Don't forget that each bitcoin is not divided into 100 [per]cents like regular FIAT currrency, but into 100,000,000 sub units, so 1 millionth of a bitcoin still has 100 [per]cents and if and when 1BTC will reach the neighborhood of 1 Million USD people will switch from talking about mBTC to uBTC or the more accurate spelling: µBTC.

Inflation in USD makes cents not so useful and this leaves room for 0.01µBTC to be equal 1 USD.

If it gets so expensive so fast it will burst. Yes it might increase in value, but it shall happen within reasonable timeframe of years

What is your definition of "so fast"? It will take several years and even if it takes a decade it is still a good investment.
27  Economy / Services / Re: The Million Bitcoin Page (Official) on: April 24, 2013, 09:15:01 AM
Maybe you should use some of the pixels yourself so it doesn't look so empty. Use it to demonstrate how it works, make your ads link to a page which explains the concept.

Also, the pixel map is too big, I think you want all the million pixels to be above the fold, meaning you don't want to scroll to see the lower pixels. Make the squares smaller for display and large for selecting to purchase.
28  Other / Beginners & Help / Re: aughhhh son of a b&$* on: April 24, 2013, 08:52:54 AM
I'm sure he still has more than 10000 BTC
29  Other / Beginners & Help / Re: what car do you drive? on: April 23, 2013, 06:08:34 AM
sym joyride 125

I had a Hundai for many years but I ride my scooter now. No more trafic jams and much lower gas bill.
30  Other / Beginners & Help / Re: CGMiner is WAY better than GUIMiner on: April 23, 2013, 06:05:02 AM
I never tried GUIminer, I bought a dedicated PC with a good graphics card and installed xubuntu and started mining with CGminer.
I check up on it a few times a day and that's it. On the weekends I check the pool I'm connected it to. Works flawlessly!
31  Other / Beginners & Help / Re: BTC or LTC? on: April 23, 2013, 06:00:12 AM
I mine LTC and plan on buying with traditional money more LTC and also BTC. I believe these are going to be a very good investment for the long term. They are vastly undervalued right now.

I talked to an investment advisor who is my client (I do some software development for his firm) and he dismissed the whole idea of bitcoin. I was not in an argumentative mood and just smiled. I'm sure when the media will be interested again in the cryptocurrency idea many investors will jump again and the current price of BTC will seem so cheap in comparison.
32  Other / Beginners & Help / Re: Introduce yourself :) on: April 17, 2013, 10:13:23 AM
Hi All,
I'm Ami from Israel.

Started mining for fun a week ago while waiting for the GPU pc I ordered.
Got it yesterday and started mining today with ubuntu+cgminer on 7950 GPU

I'm not sure the set up is right since the pool reports low KH/s orders of magnitude lower!

See you
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