Well I don't know where you all are at but in the US tradehill is stuck on paxum which I don't know about but it wants
$50 to deposit funds into it....  screw that.  Was going to give tradehill a chance and figured it would be better because
paxum is based in Canada but Dwolla seems better than paxum.  The whole thing is an entire slow pain in the ass with excessive costs.

If at all possible don't do the auto save password thing on anything but the most non important sites...... and don't use the same password or same style of passwords.

Yeah it gets annoying remembering all your passwords... but I certainly wouldn't save a bank or bitcoin or any important password in the 'browser remember password' thing. That's asking for a 3rd party virus thingy to come along and take it.

I think this is such a line of bullsh&^... the banks freeze accounts when you're trying to buy a fridge that is more expensive than you've bought before, but they can't stop or don't check huge transfers...!? It's a load of malarchy and the banks are probably pocketing the exact amount supposedly or doubling it since it's fake money to begin with created by them, then backed by nothing tangible, then backed against fraud with insurance for THEM - not the client or holder of the account - so they stick it to the company or person.. making double or triple profit.

The time of these banks to end is here.


Honest monetary exchange must return.

Plus - this is reported by Bloomburg and I trust Bloomburg as much I trust a fart is not smelly. A fart IS smelly, and Bloomburg IS a fart, and therefore of the stinketh.

Yes it appears to be that way since it's mostly miners using bitcoin but there must be some people not mining why would miners buy from other miners so some people are speculating and of course using silk road... unfortunately or fortunately probably one of the main things actually keeping bitcoins with any value at all.  I really doubt most people are buying ramen noodles for 9 bucks when you can get them for 10 cents... although I would like to see things like bit munchies and other things progress and do well.

I'm in NYC so if there is anywhere where bct is going to catch on more it's here.  I might even play around with offering film & audio production services for bitcoins as an experiment if there are any takers....

Also if most miners are selling it will continue to drop and then hit a point where it's not worth it to sell and a bunch of people will wait and start buying.... what's that point... if it drops below $6 you're gonna see some massive buying I bet.

I do voice overs narration and the like for companies / individuals, epcot & disney...


Some samples:

http://blackout.com/blackout/studios/voiceovers/

http://blackout.com/clients/djrawcut/

Note some of them are very lofi to protect the original clients.


PM me if you're interested exactly what you want said / done script wise sfx wise and I'll give you a quote

- Blackout

IF the price goes through the roof. IF is a big word. Hard for the price to go through the roof when so many exchanges and pool's can and have been dubious or compromised.  

I am looking at it thisit this way - I hold onto the coins I mine in a private wallet offline that I send to everyday.  Those that I mine, I hold, and don't spend.  When / if I want to use bitcoins for something I actually buy them with cash at the current price I don't use my saved stash that way I can judge the price for real at the moment and not be subject to the massive flux. There have only been a few times where it was preferable to use bitcoins to the cash I have though,  there's just not enough services and the premium is usually more than credit card or paypal fees from except in a few instances but I wanted to support the growth of the system because I like the idea of it and sure it would be nice if the bitcoins value explodes but if it doesn't then I haven't lost much of anything either.

If I actually went and bought a dedicated rig.. that would then be an investment and risk at that point and I couldn't validate it with any other use other than mining bitcoins and at this point I can't figure out if that's a good or bad idea. 6 months ago it was obviously a fantastic idea and many have profited.... currently... the prospects are certainly not as appetizing.

With anything else I do.... I can gauge the use of the technology to offset the price drop of it...  I can USE the graphic cards in the main rig to render in the indie moving / music video / commercial world that I work in. If the profit offsets the the tech cost of cameras and computers (which now it certainly does) it's worth it and who cares of something newer better faster comes out tomorrow if you are making money with it today. With bitcoins at this stage I just don't know.....
 
But as Spock would say.. it's "fascinating"

Probably because of the breaches and hacks.... and exactly the fear of the scenario the last poster just posted!

When you say think long term you are speaking as an investor or miner, and there has to be a lot of trust or not much investment for long term. Isn't the point of bitcoin to get it wider accepted as a usable currency. To get bitcoin to the point of paypal or something like that?  People don't look at paypal as a long term investment, they look at it as a convenience and are willing to pay the fee for the fast convenience.  The regular consciousness of the world is just now begining to become aware off the 'bull' of the fed and fractional reserve banking.... and most are too fearful to even think about it and the government and elites play off that fear as they transfer the wealth of those uneducated in how such systems work to themselves.

Most people are naive of any monetary theory and don't even understand terms like fiat or "money is debt, not value"  at least the current US dollar and most every other currency... is there a non fiat currency in use by any government  currently? I mean sure you can buy gold or silver coins but currently you'd still have to "sell them" for a currency somewhere.. you can't currently walk into a grocery store and drop some gold or silver shavings or bars. Sure - there are a few old silver or old coins around but they are collected or stored not used as currency.

But I'm rambling now...   was just wondering as there has been a pretty steep drop this week.. about 1/3rd of value.

I don't recall writing any grand theories or backdrops... I was just asking a simple question.   I have noticed in the last month huge articles and pictures and magazine write ups and youtube vids of people building MASSIVE rigs.  Not just little hobby rigs but rooms of 40 to 100 gpus and more.  I see far more articles about mining bitcoin than USING bitcoin so yes, it is the market, but who are the sellers, the miners, so if everyone is mining are 3/4 mining there is only 1/4th to sell to correct?

Also from the history the butcoin market IS and CAN be manipulated by "one person at a desk with a thousand levers"... or more like one lever... isn't that what happened with the MtGox hack when the value dropped down to a
penny in one day?

I wasn't around at that time but does that incident not pretty much prove MtGox is too powerful an influence? I thought the whole point of bitcoin is non centralization so stuff like that couldn't happen.   I also don't understand how they 'rolled back'.... I thought the bitcoin chain is the bitcoin chain.... but now I am getting off topic.

I agree with you but I think there are more sellers than buyers because who are the sellers? - the miners, and there are more and more miners than actual users / normal people trying out bitcoin to buy things.

I have not made a huge investment.. I have a small rig and have been doing this about a month and it has paid for my  5830s already.  I pulled out my 4850 x2 - sold that for $125 and bought 3 5830s... I already had a high end machine with very good cooling so my investment was $260...
I have a little under 30 coins so far. I am getting from 1150 to 1250 mhash
 
So this is an enthusiastic hobby for me right now.  Plus if I use the machine I can just lower the aggression on the 1st card to 3 and it works smooth as ice.... if I want to game or cad, two crossfired 5830s are amazing performance for the buck.

I am consider now building another just for mining as I;d like to get my mhash up to 2500 so they coins come in a little faster....but it seems
the influx of new miners is massive and many of them are doing some pretty insane big investments.  This makes me wonder.... because onviously there are more sellers than buyers until bitcoin has more mainstream acceptance from non geeks.

How can the number of miners have nothing to do with it?  More miners = difficulty increases and with no buys or users value decreases.... if there is no use...no buys not involved in mining... we are calculating hashes for nothing trading data not currency / commodity are we not?

It seems like the mining bug is all the rage now and so many people have gone out and bought so many insane rigs that we have more miners than users / buyers of bitcoin.

If everyone is mining and no one is buying I imagine the price is going to drop fast, as it is.  It was 17 last week, and it just dropped $3 in a day and is at around $10 now as I write this.

Are all the news articles and massive press hurting it rather than helping it?  All the press I have seen seems to focus on it as:

a> hey you can make your computer make free money!

or

b> look at this ponzi scheme currency you can buy illegal stuff with! buy drugs!

I haven't seen too many main stream coverage or youtube videos focusing on USING it as a valuable currency.. or the legitimate freedom it supplies.  It all seems to be on debasing it, or mine it and make $$$ and get out.

Your thoughts?

Right so obviously you be careful with it as cash and store it in safe places and encrypt it and not store all of it in one place.

Although it took a -$3 negative hit today. 
 
Too many miners not enough buyers and users.

Ok.  Thanks for clarifying. I think I get it now. So if you want to secure your coins you only need the
wallet.dat file on a usb keychain or somewhere offline stored (with a backup) you don't need the whole client.

ok... I'm sorry if I am still being a little dense, but what exactly do you
mean "write the address of your new empty wallet"

How do I make a new empty wallet? By just naming any plain old file emptywallet.dat and saving it with notepad or something? Or do I have to run and install a bitcoin client on a separate machine?

Or are you saying.... once I rename my wallet.dat to walletsavings.dat - the bitcoin client will automatically create a new wallet.dat and then a new adress to it, and THAT is the file I rename to emptywallet.dat and then rename
walletsavings.dat back to wallet.dat and poof, my coins are there again when I retstart the client... then I send to that address...   close the client and do the renaming thing again and take start the client.... wait to receieve the coins... repeat process with multiple names and store multiple walletsavings1.dat walletsavings2.dat around in various secure locations?

Then you just close bitcoint client, move the wallet back in and rename it as wallet.dat when you want to use the coins from that particular wallet and start up the client again.

What would happen if you did this while the client was running?

Can you elaborate how this works a little more?  If I install bit coin on a thumb drive it is still going to use the
wallet.dat in my users dir on win 7?  So I have to rename that walletsavngs.dat and then it will make a new one with no coins in it?

then how do I transfer some of the savings to the new one... I just want to make sure I don't screw things up and end up losing my coins, not that I have a gigantic amount but I figure better to understand this now rather than screw things up royally later.

I really wanted to just have an encrypted whole version on a thumb drive... does it ALWAYS place the wallet.dat file on your local machine? meaning you can't just walk around with your wallet all on your thumb drive without a machine
and say, then go use it somewhere (like you would a regular cash wallet)

My idea is to have several high grade flash drive wallets and keep one on a key chain so if I was sitting at an internet cafe or something that accepted bitcoins I could do it... more places in NYC are starting to take them.... but how do you do it if you're not home?  I don't want to use some third party service either....  I'm thinking you have it on a thumb drive encrypted with a password but I'm not sure how to go about doing this.

Some say never put your wallet into another machine but then how would you have bitcoin currency on you without carrying around a laptop or something?  I imagine having an amount that you need to use would not be a big risk just as you can't live your life in fear of having cash in your wallet that you're going to get mugged.  You carry the appropriate amount of cash you need in your wallet you don't usually carry your life savings around with you... 
some people are debt card crazy but I don't like banks and companies knowing every god damn ting I do and then marketing to me and tracking me... it's annoying... this is one of the things I like about bitcoin.

I wouldn't use crossfire adapters.... I just put 3 5830s in a rig and was having crazy issues with everything crashing.. screen freezes.. artifacts, blue screens of death...  high temps....

I was fiddling with things for hours... frustrated, and the main card connected to the display just would work for mining.

Yanked the crossfire cables off.. and *bamol* everything running fine and stable getting 330 mhash per card and stayng at about 76c on the top card and 74c on the other two.

So if I want to run a game at frame rate insanity or do some crazy 3 monitor eyefinity stuff I can always stop mining and put the xfire cables on, but for mining they seem to screw things up.

That's what I figured.

How do you make a NEW wallet though?  Does it have to be on a different machine?

I tried to install the new client to a thumb drive but when I opened it up it was still my same old wallet, not a new one.

This backup does not make sense....

if you make and exact backup of your bitcoin wallet, as far as I can tell, it is only good for use if your original wallet never gets into trouble.

If some virus or phishing or just someone on your computer gets access to or spends the bitcoins in the original wallet - you are f&^cked. Hence?  What is the point of this backup? You will load the back and it will be invalid and the coins will be gone.

I think the only true backup is to make a NEW bitcoin wallet install on a thumb drive and encrypte it and disconnect it from the computer most of the time unless you need access to your coins, and then send your bitcoins to that separate wallet from your main wallet - so you have an operating wallet that you keep a few coins in, and then your savings wallet that is not connected to the internet.  Perhaps you backup the saving wallet just incase the usb drive goes bad or something... but other than that backup up your bitcoin wallet is useless unless I am blind and missing something here.

 

Wow... why only 2 cards per rig isn't that a bit inefficient? having to have 20 mobos and cpus and psus instead of 3 or 4 cards per rig?