I don't mind to pay fee. But I mind to do it a way that makes my brain to explode. Real cash is very handy. Bitcoin requires to have 100+ IQ.
Cash is not as easy as you say. You can't just have $50 cash and pay for something that costs $50. You have to pay sales tax, too. So, if you want buy something with $50, it has to cost $46.19 so that you can add the $3.81 in sales tax to make it an even $50 (CA sales tax is very high). Or, you can buy something for $50 if have another $4.13 with you. You think that is simpler than a 0.01 BTC transaction fee? BTW, your "Bitcoin requires to have 100+ IQ" comment is funny because a 100 IQ is average. Only half the people in the world have a 100+ IQ, but the comment still made made me chuckle. yea, i had a little jaw drop on the "100+ IQ" comment... if you're struggling with below average IQ, you got bigger problems then penny fees. then again, since you're likely unemployed (or on minimum wage) maybe it IS a big problem for you... course i'm somewhat of an elitist ass when it comes to necessary intelligence. get smart or get out. heh. |
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40.1 MH/s  I sold my dual 5830 rig so now it's just my main GTS450 lol. But I don't mine with it unless my room gets cold otherwise it's a loss on electricity. i know the feeling... basement in utah with no heating/ac vent. PC with ati 6870 and nvidia 480 keep it warm most of the time. ...even when i'd prefer they don't. |
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How does any of what you've said address the problem of this being an oversubscribed lottery, where the wealthy and fortunate get preferential treatment? How will it stop people who already have 50, ordering another 50? Can you stop? Bitcoin will not solve your problems. Nor will losing (most probably) money on ASIC. So? What's your point? World is bad and everything is against me? welcome ot the way the world works. bitcoin is a currency, not a commune. the security is distributed, not the wealth. |
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Oh duh...  my mistake. Yes the block reward will be at 25 by then... guess I'll have to half those estimates... I may have to make another poll: Which will have greater returns? Buy ASIC Mining Hardware or just invest in BTC directly. I'm also coming to the conclusion that despite the technological leap that ASICs are, the $ Invested to $ Returns ratio will be similar to what we had in the GPU days once dificulty/hash rate balances out with most of the gains being as a result of power savings. yup. i am figuring the only way to keep my meager mining income (i only have about 300mhash) will be to increase my hash rate by at least a factor of ten... so, at a minimum, a jalpeno from bfl. i'm hoping, on the other hand, to get enough cash together to get something more like 30ghash or up... who knows, eh? |
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AMD 6870 at about 280mhash. gonna get into the ASIC game hopefully before the years out, if i can come up with funds. i want ot be a big miner in the long run, running off solar/wind/whatever power.
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it really depends when you'd get it and where the difficulty is by then. if difficulty goes up by a factor of 10x, then that Singe SC at 40gh will be making the same money, roughly, as 4gh today. which isn't bad at all, and definitely profitable. now, if difficulty goes up 100x....
and that's the rub right now. we can guess and estimate for weeks on end (as we have done in various threads) what the difficulty will be in 6 months or more, but in the end it's still just a guess.
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I kinda feel sorry for all the spent GPU's out there forced to calculate a problem to which the solution is worthless. it would be cool if the network was used to calculate something like the next prime number...
well the calculation ITSELF is kinda useless, but then it's purpose is to secure the network and all transactions of a (currently) hundred million dollar and growing economy. that aspect is far from useless. indeed, it's the core of bitcoin in many ways. |
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I think this is just the expected bump off of the conference. It'll settle back down soon enough is my guess.
Or not....get your mind around the fact that bitcoin blocks will be 25 in 2.5 months. Then a price of $12.50 a bitcoin becomes "cheap"  I have thought about it, and my considered response is that the block reward change probably has already been priced in and, when it happens, or around its happening, there won't be much change. I still fully expect we'll see single digits in 2013. And in my considered opinion, your powers of prediction are somewhat lacking. It wasn't too long ago you were adamant 7.20 was the all time high for 2012. And now I'm adamant that $15.xx will be the all time high for 2012. This time I'm sure I'm right. and quoting for posterity. i think we could, maybe, hit 16. staying there's another subject. no, i don't want to bet on that! |
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On BTCcharts I'm seeing 2 buys above 12 that seem to go beyond the 10k btc askwall. How did that happen? Are they cases where Mr Manipulator removed his askwall, bought up coins and then put the wall back? Or is there some other explanation?
saw the same, wondering as well. |
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good luck finding out for sure! |
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perfect timing, this thread. i was just thinking of asking the same for future planning. running my main rig 24/7 works fine for now (hey, it's mining while it's on...) but when the gpu isn't profitable anymore running it constantly will just be inefficient, so i was wonderng about other options.
so, to be sure i'm right: a rasberry pi could, as far as can be understood without product in hand, handle running several asics?
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yay! updates! thanks guys.
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well, the "not unclicking" part's now fixed thanks to my crafty niece. still the occasional accidental double click though. oh well. better then it was!
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prompt delivery and good price. thanks muchly.
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the way i see my mining hardware investment (when i'm actually able to make it...) is long term. if i buy 100 coins today, then the price goes up over the next five years, awesome. but if i'm mining for those same five years, i'll probably not only generate significantly more then 100 BTC, but i'll be less afraid to spend it (on more mining hardware, maybe!) if i have a steady supply of BTC coming in.
now, right now buying any hardware is incredibly risky, with the whole ASIC thing pending. i'm in sit and wait mode, as far as new hardware goes. not enough info out there from any of the products for my taste.
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Can you still buy shares ?
looking at the listing on glbse, i see lots of shares available. price ranges from 0.1139 btc on up. there are hundreds of shares available. it just depends what you want to spend. |
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No problem - 0,75 BTC (a little bit lower than retail price).
awesome. i'll take it. pm me the address to pay and i'll send the BTC when i can. tomorrow probably. (i'm sitting on .72 at the moment so need to wait for a few confirms on my miner) |
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i'd love to get a copy of FTL from ya.
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the article i saw it in on Reuters called it a stimulus.
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looking forward to more info Friedcat. |
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