If only I had a satoshi for every newly minted Bitcoin enthusiast who justified purchasing mining hardware by saying the price of Bitcoins was going to rise.
They are still living with the GPU mindset when you could recoup some of your costs by selling your equipment if mining didn't pan out. No such easy way out for the math-illiterates this time around. Math is only as good as the assumptions it is based on. ASICMiner USBs will continue to outproduce their electrical costs until the network hits about 95 petahashes. Even if all the rumored hardware is true, we'll be lucky to see 20 petahashes within a year. Who is going to pay for 5-10X more hardware than is already planned? Are there that many "math-illiterates"? That said, the window is indeed narrowing. |
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of the last 14 blocks mined, ASICMiner has 9 of them. so I'm guessing they are testing the new blades right now and mining the shit out of everything.
 No need to make a mess... it's just normal variance: http://runeks.dk/bitcoin/ |
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Where the hell did he get a lead time of September for AM USBs? It took 3 business days for my recent order.
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Hmmmm... Havelock is now offering AM whole shares, but there are 0 shares outstanding. Bids are piling up, but there are no shares to be sold. BTCT suddenly gets a 250 share buy wall. Hmmmmm......
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You should update the link in your signature... it points to an invalid fund now  . |
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Man this might take forever
Chicken, meet egg. |
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Just a friendly bump for all the new people trying out p2pool now that it should work with ASIC  when this will be? is there any announcement? it is the only reason for me to stay away from p2pool til now... As soon as 95% of the hashing power is on the new version. |
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this is absolutely insane what i'm watching here
he just swallowed 750 coins and now put up the 8k wall again at 76
edit: it's almost like he's taunting that 80 wall showing he can eat it
https://www.tradingview.com/v/tXCSB4CR/ |
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Pool rate and the version 11 rate have been dropping with a fairly constant slope, without returning as version 13 rate. Curious.
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Would you mind checking with the crash of August/September 2012?  In October it was almost back to the peak already I meant 2013 and 2012... Also, it would be more meaningful if you aligned the top and bottom rather than just aligning the top with 2 arbitrary scales..... so much fail. |
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I really do hope financial revolution starts from Africa out. The people there need it more than anyone else.
Financial revolution, in Africa? Not anytime soon. Getting fees lower than 9% would indeed be a financial revolution in Africa. Is that really so impossible? |
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As far as I can see by end of year any ASIC less than 100GH will be worth almost zero or maybe 1/10th to be nice as a resale value, diff will have sky rocketed beyond the moon
The difficulty won't rocket past the moon without the price heading back up. Otherwise, who will be buying all the ASICs? Why not just buy bitcoins? |
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I'm a miner. I don't sell my btc as soon as they are produced, and in fact, as a US citizen it would be illegal for me to do so without registering with FinCEN as a money transmitter. It stands to reason you are just making shit up.
Yeah we all know that all bitcoiners scrupulously follow all financial regulations! I make an effort to follow all financial regulations, and unless you enjoy having your property seized, I suggest you do the same. Is it really that hard to spend your bitcoins rather than sell them for cash? enjoy your slave role. and btw your property is your leash. You surely don't utilize public roads or government subsidized telecommunications, water, or energy. Oh, and BTW, I follow all laws and regulations and still pay no taxes. Also, I own my own home and property and do not owe monthly payments. I consider this far less of a leash than paying mortgage and rent every month. So who's the slave here? |
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I'm a miner. I don't sell my btc as soon as they are produced, and in fact, as a US citizen it would be illegal for me to do so without registering with FinCEN as a money transmitter. It stands to reason you are just making shit up.
Yeah we all know that all bitcoiners scrupulously follow all financial regulations! I make an effort to follow all financial regulations, and unless you enjoy having your property seized, I suggest you do the same. Is it really that hard to spend your bitcoins rather than sell them for cash? |
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ASICMiner USBs are going for $140-$200 on ebay and amazon.
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Cablez, if you are willing to do special orders, I would be interested in a cable. I would like you to start with one of your switches like this:  But, in addition to the switch, I would like you to use the available 5V lines to give me as many 5V 3.5mm plugs as possible (up to 10). Each plug needs to be capable of 3 amps. I need about 8 feet before the first connector and at least 3 inches between the plugs. If you can do something like this, pm me a quote. |
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Honestly though, the most imminent big trade is not in Bitcoin IMO, it's short the S&P. I think the top is in as of the ATH @ 1687.18. This next year or two should be a wild ride once we start to finish these stupid 1-2s and get some real downside momentum going +1 |
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Bitcoin software downloads might be a better indicator.
Not really! I've said it before that many people download every new version. I know I have a client on 3 computers currently, then multiply that by at least 10 versions I've had since I started and that is a lot of downloads. I'm sure there are others who do the same On the other hand, for those of us that run linux distros that package bitcoin, there is one git clone done by the package maintainer (which doesn't show up in sourceforge stats) and then we all download the package from the repositories (which doesn't show up in stats either). But, you have a point in that you would have to adjust the stats for post-release surges before you could run any meaningful analysis on it. |
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