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21  Other / Beginners & Help / Re: Price Drop 6/2/13!?! on: June 02, 2013, 12:34:06 PM
more ASICs will soon be available to brother public , Butterfly labs who are "testing" their devices are gathering huge amount of coins ,devices from AsicMiner are already shipping USB and 5GH ones , by the time most of us get hold of ASICs price will drop, big guys will eventually need to sell accumulated coins during "test" phase to fund new chips  and this just started to happen IMHO, but I wish they are smart enough to sell at smaller batches of BTC not like this but surely price will drop !
22  Other / Beginners & Help / Re: Will BTC survive, BTC value prediction ? on: June 02, 2013, 12:08:21 PM
1. small chance but can happen
2. you dont count initial asic cost
3. possible

Well given that ASICs will sell soon as low as $50/GH so invesment will be small though I realize that people will than buy XX TH not XX GH , so this will even out with KW spent ...
And at the end it will be same mining year ago with GPUs or in few months with ASICs as long as everyone has opportunity to buy new tech, until some new chip is made than we will be in same situation as now,  big guys owning new tech before rest of us Smiley , so it not just plug it in the wall and forget it, you need to spend a lot of time researching and watching really a full time job!
23  Other / Beginners & Help / Will BTC survive, BTC value prediction ? on: June 02, 2013, 10:47:54 AM
I have some questions for miners and traders.

1. As more and more Companies see BTC threatening to their business. 
Hipotetically speaking lets say company PP that has lots of money and invest in 25nm ASIC chip.
They build data center that can hash >50% of global BTC net hash power.
Will it cause BTC price to drop as more and more people will find mining unprofitable as diff skyrockets and will leave network, yielding less people having generating less BTCs
that will cause less community support less BTC transactions.
Also PP can go further  and start selling BTC for less returning their initicial investment 
but also taking BTC price to lets say $50/BTC or they can go radical and sell for $X
yielding more people leaving a network as profitability drops and will actually turn to unprofitably for most of people.
At the end PP crashed BTC  , gets 50% of their investment back , protects their original business.

2. As current ASIC chips will start shipping soon  and if #1 doesn't happen hopefully, by the end of this year many people will have ASIC miners , given that ASIC consumes 40 times less power or 4000% less ie
5GH GPU ~2KW 
VS
5GH ASIC 0.05KW
can this drop BTC price or will difficulty even this  out ?

3. If more and more people start to mine ( my grandpa wants to invest in BTC mining Wink ) and as more and more people gets hold of BTCs they will want to spend it somewhere.
Online/offline stores will eventually start to offer BTC support.
So my question is will this pump BTC price up, as we all know that 11M coins are now in circulation , as time goes on less and less will be produced but much more people will want to have it ?

Any thoughts? 

24  Other / Beginners & Help / Re: What brought you to bitcointalk and your interest in bitcoins? on: June 02, 2013, 08:49:47 AM
My friend recently bought $3K GPU miner , and he said this machine pluged into the wall will generate money on itself Huh
I started research and saw that he really made a mistake and that GPUs are in jurassic park now Wink
But I fell in love how BTC works as it tickles my mind on how electricity + mashine can generate money , the trick is low power-high MH/s  , and how BTC enables people to trade - no boundaries .
It may change the world as Internet did ! and this is actually happening now

25  Other / Beginners & Help / Re: Bitcoin Businesses and Developers, Let's Get Started! on: June 01, 2013, 08:01:40 PM
Hi I am a PHP dev 10+years , here to see if there is a possibility to make some business  and help BTC community in any means I can afford.
Currently trying to figure out how CPU/GPU cycles added value to BitCoin from 0 to $125  Huh and to figure out if ASIC will help strengthen BTC and how much BTC is immune to large scale massive mining
BTW I am from Serbia so anyone near by that wants to invest in BTC mining / BTC projects I would be glad to jump in for ~20K Euro
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