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Don't ask the government to [just about anything]
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Stupid and naive but move "this much" into BTC?  Yes that is naive and stupid. You'd probably enjoy yourself more and have a better chance of a return with a trip to Monaco or Vegas. |
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i think you have to run pool software which your miners point towards, and the pool in turn points to your bitcoind
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for testing purposes on testnet with a whole lot of dedicated cpus - a really low total hash rate - is expecting some sort of indication that a reward is inbound in a low amount of time reasonable? or is it just better to test on something like test net in a box? maybe it's my setup but i've been watching logs a long time now and nothing
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oh boy does this smell fishy! provide secret keys to a 3rd party app that isn't open source? wow.
btw, as a canadian (canuck), i can confirm that ola is far from common, and btw, it's hola...everyone knows that. i might of been more amenable if it was 'eh from a canuck' but then i suppose that wouldn't of worked as well
stay away from this
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Hi, I'm new to this forum and want to ask you the "experts" whether this makes sense. I've been browsing butterflylabs lately and noticed they have an order process to get a 600 GH/sec for $4700. Cost aside, the catch seems to be that it will take until at least January to get the card. I've played around with various calculators with reasonable assumptions for inputs:
Example:
instead of 600 GH/sec, I took the lower end of the +/-20% range the card specs show
I anticipated at least 5 difficulty level increases between now and then due to that fact that they seem to be going up every 10-14 days currently
I assumed perhaps $400 US for a bitcoin which is lower than today's price.
I factored in the 350 W at high power rates 0.18 I believe
Even with all of those assumptions, the payback seems to be about a month. After that, it seems it could be a cash cow.
I don't really know whether I'd want to mine alone or in a pool as I have never done this before. Here are a few questions I have for you guys:
-Do the mining pools take into account your contribution to the pool? I don't want to be the one guy with the 600 GH/S card getting a fraction of the bitcoin if the 25 coins are split equally and not proportional to hash rate contribution by the individual
-Do any of you see an error in my logic for price assumption?
- Why does this pipedream seem too good to be true? Yes, a lot of people might not want to put in 5k to get the card, but if it makes 3-4k a month, who cares??
-If I had a card like this, wouldn't I want to be a solo miner to capitalize on such a high tech hardware?
-Is butterfly labs a trustable company?
Is it unrealistic to think that these 600 GH/s cards will be able to find lots of coins a month and pay for itself relatively quickly and then generate income moving forward? Or, will the overall hash rate go up so fast with everyone buying these and then the difficulty and rate of completing blocks be harder to achieve and thus I will just waste money.
It almost seems too good to be true which is why I am hesitant.
Thanks for the replies. I look forward to your insight.
first off i think you should do more research on hardware. for example look up cointerra. they are promising much better hardware for the same price range (and there's others too for sure if you look/dig enough) mining pools have different ways on how they distribute rewards... a good place to start: https://bitcointalk.org/index.php?topic=104664.0 and then research the terms and so on from there the error i think in your logic is a very low difficulty increase. 'best to plan for the worst and expect the least' 'if it's too good to be true then...' take that as you will  solo mining: you should do more research on solo mining vs pool mining to understand what all of that involves. i think the short version is, solo mining is playing lotto, pool mining is steady pay if you had a card like that and knew those rewards were coming, of course... and so would hundreds of others there's a lot of opinions on butterfly labs. i have none, but if you dig around enough you might get enough to push you one way or the other ps: i don't mine but i've been in your speculative position. best i can say... got disposable cash for a -HIGH RISK- investment? yes? then go for it |
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6.We can make the website in your local language
7.Cold Storage supported
Basic Bundle Charge: 15 BTC each (Note: The Basic Bundle doesn't include the cost of domain ,server and any other additional charges) Additional Services:1.Add more crypto-currencies options to your site(1 BTC for each additional currency) 2.We do other add-ons as you request(A trollbox maybe XD)! Already interested? Here is how we do business:1.Send a e-mail to exchange_builder@outlook.com or contact me on AOL:exchange_builder@outlook.com so we can discuss the project or a bargain  If you are in Canada, we can maybe have a cup of coffee and a f2f discussion 2.After settling down the details, the other party is required to escrow full amount on a online escrow service.( http://btcrow.com/ is an example) 3.Then we can start working on the your project. 4.After the project is done, we will show you the website and everything we promised and the other party releases the money escrowed Congradulation you sold me won hundred persent!!!! very looking forward to working on the my project. excited so much!!! |
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People, the time has come. I'm auctioning my account, here and now! My journey has just begun, so you buy it for the opportunity associated with my name.
Starting bid: 0.2 BTC
End of auction: 1 day from now
i totally believe and i will be the first, so count me in for 0.2 BTC |
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how do people get bitcoins nowadays?
There aren't any places giving free bitcoins. You can get some tiny amounts from faucets but they don't worth anything except that it's a chance to see how transactions look in your wallet etc. 1 Bitcoin worths 600$ atm and noone gives away money for free. unless sometime in the future a bitcoin is worth a billion dollars, then all those faucets are giving away free money  |
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isn't XPM (primecoin) an altcoin where there still isn't gpu mining? meaning you could get into that with just your cpu rig. you can also trade XPM on btc-e for example, and maybe some other exchanges
just look up primecoin mining
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they are up, just experiencing troubles with all the traffic they are probably getting right now
try reloading
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i'm very new to the mac as well check over the tutorials you followed, somewhere in there you had to install those libraries for OpenCL |
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the error doesn't say much, and well it's hard to help you at all but at the very least you should check to make sure your OpenCL installation went good
the linux litecoin miners are much easier to install i find. maybe you can run a virtual linux machine (vmware fusion for mac) and try it in there?
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that's really great there is a charity and all, but be careful. most countries have all sorts of laws and regulations regarding charities and cash donations. laws and regulations that do not relate to bitcoin donations. As I've said before, Bitcoin has the power to change the world...for good ! It is the currency of revolutionaries. Edward Snowden accepts it.
If it turns out to be a universal currency, and its price drops to lower than a dollar it will create equality for rich and poor.
so if edward snowden accepts it... oh hey i just heard that mr snowden prefers trojan over durex! time to go to the pharmacy boys! |
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Ok, well now I'm sure Leasebit is a scam.
what happened? |
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interesting, though that weird english in the instructions puts me off by a lot. now, i think i'm going to make myself a ham sandwich for lunch |
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just out of curiosity, what exactly did you provide as documents to prove your identity?
also, it's kind of weird that any identification would be required for a BTC only withdrawal. you should be able to remain anonymous throughout, using a login/password scheme, at least until you start exchanging coins for real world currency.
btw, i've never used bitstamp
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i would of voted for an option between 'Yes, it's obvious' and 'No, they're for real'.
sure, there's a huge majority of 'loud' posts that brings up all that negativity pointed out in the OP, yet that's just how things are on the internet. negativity brings up all that attention.
otoh, i've seen plenty of helpful, kind, encouraging, warm and fuzzy feeling informative helpful stuff as well. but where are the comments about all those fine folks who aren't out to scam and deceive you?
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