I'm still waiting for bitcoin price increases to be started.  You'll have to wait until monday. We are doing our traditional weekend droop. |
|
|
|
The capital costs for generating your own power are high. If you want to run your miners 24/7, you need excess generating capacity and large batteries (or just run off the grid at night).
Trying to run off of solar power makes ASICs or FPGAs cost-competitive with GPU mining: I estimate a machine drawing 600Watts 24/7 would need a 3000W solar system. The reason you need the excess capacity is to make sure the batteries fully charge during the day.
Another option would be to monitor the power coming from the solar array and doing automatic load shedding if the power output drops. That would mean you mine a lot more blocks during the day.
If you feed into the grid you don't need batteries. The grid takes when you have extra and gives when you are short and only charges you for the difference. You only need batteries if you are trying to go off grid. |
|
|
|
lol, I now see the problem with BitCoin7 pretty easy. This is not based on just this thread.
Those people do not care about the general "stupid" user. Smart, and probably actually honest people behind BitCoin7, but fuck, the lack of attention to how people have been reacting and talking about their business, and how they either let it slide or I have even seen them ignore users in a thread lol.
Bitcoin users need to start getting some business managers stat, or read some books on how to run a business. It doesn't make sense, the quick money will not last them :/
+1 Nobody, excepting TradeHill (and I am not posting a referral code), none of them seem to have "business skills". MtGox's case is quite a miracle, it survived the crisis for: 1) Being the pioneers, and therefore quite respected 2) Cognitive dissonance of its users (like myself). 3) Because most of its users are geeks who understand that programmers are not designers. I hope to see more people with MBA's (or just plain business sense) popping in to our ecosystem, or we will have a hard time making this bitcoin economy flourish for mainstream. Yeah, but tradehill is kind of crap from a users perspective. Their communication is great, but their interface really sucks. I can't even see the bid and ask when I'm putting in an order. What the hell? Do they expect everyone to be using their "experimental" API? They should have polished some more. I keeping my fingers crossed with camp bx, but most likely it'll be another disappointment. |
|
|
|
|
Lets hope camp bx manages to cut the mustard.
|
|
|
|
Show me how you got your 500% and I'll send you some cash and you can keep half of the ROI. Scrap that. I'll just buy more coin.
I bought 1Ghash that pulls 900W for $800. go to http://bitcoinx.com/profit/index.php and plug in those numbers for a 12mo period. The calculator counts your hardware as a cost, but it's really more of a capital investment, and should not be counted against ROI. Now 500% ROI is pretty sweet, but this is a risky investment. My miners would go off tomorrow if my countries government decided that BTC was a criminal enterprise, and I would be left sitting on unproductive capital. I would not add capital to this market with ROI under 300%, and I don't see how any business person could rationalize such an investment. Perhaps I would change my tune in 12-18mo, but not in the short run. That calculator does not take into account future difficulty. In a month, you could be only getting a third the bitcoins you are now. Make sure you factor in difficulty. As a general rule of thumb, the bitcoins you make in the first 10 days are 1/3 of all the bitcoins you are ever going to make. |
|
|
|
|
Since this thread got revived, I've included a more recent 30 day chart in the original post.
PS, google trends is only delayed about two days.
|
|
|
|
Let me get this straight...
You licensed your submission to an OFFICIAL MASCOT competition... Non-commercial?
That's rich.
The bitcoin enterprise is non-commercial. There is no overarching bitcoin company that makes profit from bitcoin use. |
|
|
|
If that is the case, this was starting to happening before the hack. The week before the hack the price deathly level at $20 for a few days. Completely flat. If this is happening, I think you overestimate the spread. I think they are bouncing us between $16.75 and $17. I believe someone big is cashing out at the $17 level, and picking up and coins he can at around $16.75. Then again our google trends are in a lull, http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=ytd&sort=0This has been highly correlative with price, see my post from a few weeks ago, the current lull does put us right at $17: http://forum.bitcoin.org/index.php?topic=17318.0I think the price will start moving up when our trend improves. As soon as bitcoin starts getting some noise in more mainstream places the price is going places. |
|
|
|
The reason is simple: http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=ytd&sort=0We've temporarily leveled off on google trends. Our search engine trend has been _highly_ correlated with the price of bitcoin. See my post here from a few weeks ago. http://forum.bitcoin.org/index.php?topic=17318.0I think this lull is temporary, and as soon as interest picks up in new, more mainstream sectors, the price will start rising again. Just keep checking the google trend line, when it goes up, you've got about a day or two before prices start rising (google trends is delayed three or four days, which is about the time someone needs to get money in). |
|
|
|
There are a few options markets now, any recomendations or comparisons?
Bitcoin options? The only place I know of is bitoption.org, and their volume is really, really low right now. |
|
|
|
|
Then in order to send money you would have to be a miner. The network is designed so that a majority or working don't have to be miners.
And besides, transactions already have to be signed with a proof of work, that is what miners do. Gather transactions, and pair them with a proof of work. If you have enough mining capability to make your own block, you can include any small transactions you want, and they don't need a transaction fee. So people can already do what your suggesting. But as you can imagine, the difficulty of mining a block is impossible for most and only going to get harder.
|
|
|
|
|
Hmm.. interesting. I'm surprised to hear that they did have an SQL vulnerability. I thought that the "admin" account is what leaked the database.
And to everyone insisting on no rollback, I hope you can see now that it was necessary. I always assumed it was.
|
|
|
|
|
That is crazy. So when all the sites had CSRF vulnerabilities, we could have all been hijacked with imbedded images that we never see. Just browsing the forum was dangerous. I guess most CSRF exploits read a cookie for session information, but still...
|
|
|
|
Have you run any namecoin binaries?
Can you elaborate on why running namecoin binaries in general (and not just any binary) is risky? A few other people claiming to be hacked that I've tried to hammed detail out of (it is like pulling teeth, I might buy the conspiracy), mentioned using a namecoin binary. |
|
|
|
|
@presha
A targeted virus, one that just opens wallet.dat and sends it off, one that you ran on your own accord, will not be detected by antivirus. No antivirus company yet looks for programs trying to access your wallet.dat.
Please tell us what you have downloaded and run lately so that we can find the program doing this.
|
|
|
|
|
The problem with sending a private key is that you don't know that the sender has destroyed his copy. So to be safe you would have to transfer the bitcoins to a different key anyway.
|
|
|
|
More than 600k USD in the order book. and that's just in the visible range of approx. 16-14 USD. The real number is prob something like 2M USD.
I have never seen the bid side of the order book this full on mtgox. Something is brewing.
True, the order book is very full. To bad we can't see all the dark pool volume. I wonder if BTC sellers are more likely to use the dark pool. Perhaps because large sellers of BTC are also long time users of BTC and are more likely to know that dark pools exist. I thought the dark pool was gone. I think it is. I don't see an option for it anyway. |
|
|
|
Bought sex is worse than free sex, no matter whether for Dollars, Euros or Bitcoins.
And using that same gradient, sold sex is the best of all. It's not monotonic. That's what she said. |
|
|
|
Seems to be fixed.
Yeah, I think you are right. Do you see what happened on the charts while things were screwed up? |
|
|
|
Bought sex is worse than free sex, no matter whether for Dollars, Euros or Bitcoins.
And using that same gradient, sold sex is the best of all. |
|
|
|
|
Show Posts
