When i started getting into bitcoin, it was at $240. I was facinated by it, but it was dropping and I couldnt afford an ASIC. After reseaching and learning i was about to borrow 6k so id have enough for an ASIC. Silkroad got taken out.

One of the main reason for bitcoin existing got taken out by the government.

Wow.


I believed in BTC so much but came to terms with the risk vs reward, and after reading the news I didn't go through with it. I wasnt sure if the BTC i would make in years time at 110mh/s would have payed for the 11k investment.

I didn't look at the price until December. $1200 and now down to $600. I would have had 20-50k worth of bitcoin at $600 each.

This is just a bumpy road. Once the world leaders find a way to support, regulate, and tax Bitcoin, it will be the new world currency. Its just a matter of time.

Thanks. i will setup my failsafe in CGMiner.

Can we get you to look into these altcoins? There is currently a handful that are on the top of a profitability chart that hashco.ws isn't mining. Of course i don't know how the technical aspect of it works, but just thought id bring it to everyones attention.

http://www.coinarmy.com/crypto-currency-profitability-calculator/#

Galaxycoin (GLX)
Globalcoin (GLC)
Diamondcoin (DMD)
Pheonixcoin (PXC)
Cosmoscoin (CMC)

Is it down right now? i cant log on with anything.

Ahh i found the worker stats tab. I am at work and i have all these security certificate issues and warnings with the site. Its looking a little messed. I see my worker but dont i see a running total of the amount of BTC earned and paid for each worker. All i see is hashrate and the reject %.

Its very reliable, i can easily set up new workers, view stats etc. Never seems to give me grief. I havent really tried many others. Main point is I like to see whats going on with my stuff and have full control.

That alternatepool.com is horrible because it doesnt let me see anything. All it does it show my BTC and hashrate. It doesnt let you see the coins they are mining either. Which means they could be mining a very profitable coin and skimming some off the top.
hashco.ws looks decent but still i dont think i will be able to view individual workers which is too bad.

I am not telling him what he is doing is illegal, I'm explaining why ASIC companies have these policys in place.

It doesnt look like you can view individual worker stats at Hashco.ws
I was thinking of setting up a new worker for both hashco.ws (switching) and coinotron (LTC) and having a 7950 pointed to each for a couple days to get a benchmark.

Its still not apples to apples though because it ends up in BTC:LTC which both fluctuate day to day - and I assume Bitcoin mining at 1.2mh/s is completely worthless which is going to show that using a switching pool is a huge advantage.

Im mostly curious about the switching pools vs a regular LTC because LTC pools are still profitable to mine.

Looking at the LTC mined...
0.61757800 LTC compared to .60520000 LTC is a 50% difference?

Looks like a 2.0452742894911 increase. What numbers are you looking at?

I work in customer service in the oil industry, and once customers that know you will bend and adjust to them, there is always that one that wants you to drop your pants and bend over backwards for them. After a while you have to put policys in place. (No cancellations, no group buys)

Its not your order that is complicated, its the guy after you who buys 20 of them for 15 people and when they tell him thats not allowed, he tells them "well merv77 did a group buy and black arrow was find with it" Hence, the policys they have in place.

Not quite as good as i had hoped.
You running 3 - 7950s?

Regarding the "no group buys"

Its probably a customer service issue. This is a small shop in China, not a call center with customer service reps on hand 24/7. They are selling specialized prototype equipment. Honestly, i dont think they want to dick around with complicated orders and offering many different payment options/plans etc.

Can you imagine selling 2000 of these things to every corner of the globe, and 6 months down the road you are getting calls from people for support, warrantee, etc. They arent on file, because they bought them from so-n-so, which originally paid with bank wire, but then added 3 more on with western union to a different address. They want a new part shipped to their house under warrantee. It cant go to the original buyer because now he lives 2 states over now. ETC ETC. It would be a nightmare. I understand what you are doing with your friends and family, but these guys are computer techs not customer service pros. Keep this shit as simple as possible as not to further delay.

Id say either have your friends order the units themselves (walk them through it)
or
have them give you the money to start up your mining farm and you give them a percentage of the profit at the end of each month.

At least blockchain.info has 2FA. If he sets it up with his phone number, they would need to have his cell phone in their hands to log into the account.

Not to mention it has IP lock so if you are outside if the set I.P address it wont function.
And a disable TOR IP address option too.

 

Have you calculated a 24 period to see if it is better than just mining LTC or BTC?

I'm new to this switching idea. Anyways, did hashcows.com just waste and entire hour on ANC after the last round was nothing but immature blocks? If the round didn't make a single block, that coin should automatically be put on a black list for 24 hours. Or am i missing something?

I can go .82 each shipped to Saskatchewan.

LTC. However if there are none available, i will have to break down and look in the LTC forum for someone who is willing to sell me some BTC.

Bump.

Updated pricing.

What i am going on about, is the fact that you are saying this is backed by BTC. It is not. If it is an art piece, go for it. Sell the 600 to people that want a piece of history, but don't expect to be spending these at walmart a couple years down the road.

I'm worried a scammer is going to make 100,000 coins and sell them on amazon and ebay to people expecting them to be "that new bitcoin that everyones been talking about"

Fast forward 5 years and we have mini federal reserves printing physical bitcoin out of thin air.


Edit: Just decyphered the hand writing on the pic and realized they have a private key to redeem the actual bitcoin. That i am okay with, because someone cant just print 200 of them out of thin air.

I am waiting to see as well. Black Arrows site is still showing the 15% off the X-1 and X-3. It will be interesting to see what the pricing and discount will be once they update the site with the batch 2 info.  Id be choked if i ordered one today at these prices and then realized it was going to be 2 months late.

What happens when one bitcoin is worth double the amount of that coin?

I can make them myself and collect the profit?