One minor quibble with "pre-orders". Didn't Bitmain advertise and take pre-orders for a Scrypt miner named the L1? As I understand they later canceled the product and never shipped any. While I expect that Bitmain didn't just run off with the pre-order money, I don't know how they made the customers "whole". Did they refund, or just issue "credits/coupons"? Either way folks had some opportunity cost with "dead" money, along with disappointment.
They gave people 3 different options, get a 105% refund based on current value of btc, 110% if you order one of their item or 115% if you ordered their s5. This was back in mid December they announced it. I'll have to find the thread. Guessing this is the one you're referring to: https://bitcointalk.org/index.php?topic=768004.0Pretty sure they didn't run off with anyone's money. At least not that I've heard of. |
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Hi! First post!  I know I'm late in this bitcoin world. But I'm just calculating some, if it would be profitable? I looked for the most energy efficient ASIC here: https://en.bitcoin.it/wiki/Mining_hardware_comparisonand found the: https://www.hashcoins.com/product/hashcoins-uranus/With 6TH/s and for the cost of $3299. And if I use: https://alloscomp.com/bitcoin/calculatorIt would generate, with current value of BTC, about $400-$450/month. (I'm counting low, taking in account for down-time, maybe not 100% efficiency and such) Maybe $5000/year? The Uranus is 1600W making it 1.6kW*24*365=14016kWh/year and where I live 1kWh is 12-13 cents. Making it roughly $1700/year in electricity. So if my calculations are correct. First year: $5000 - $3299 - $1700 = $1!! Is this about right? Is this the reality right now with current value of BTC? Spot on analysis friend. That's not even considering pool variance, downed miners, pool outages, miner maintenance, power outages, internet outages....alot of factors in play. But yes, overall you hit the nail on the head. Albeit with fictional miners.  These are the 2 only reputable companies on the block at the moment: https://www.bitmaintech.com/product.htmhttp://www.spondoolies-tech.com/If you still do decide to mine, make sure it's from one of them, otherwise you'll probably get scammed. |
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Apparently his last post on bitcointalk was in 2011 or so,
Actually December 12, 2010 (depending on your time zone). does anyone know where he went (in terms of the Internet, is he still developing bitcoin or has he left the scene)?
Nobody even knows who he is. He disappeared and hasn't been heard from in over 4 years. He might still be active on the internet and might even still be participating in Bitcoin without anyone knowing who he really is. Personally, my guess is that he's dead. I'd like to think if anyone knew who Satoshi Nakamoto was it'd be Mr. Finney: https://bitcointalk.org/index.php?topic=155054.0Hal Finney would probably know who Satoshi was, or in a plot twist, maybe Mr. Finney was Satoshi all along... We'll never know. RIP Hal Finney. |
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If you're an ordinary man, and not a super powerful deity like Satoshi Nakamoto, then the best thing to do it is....use it. Do you what you know best. Transact it in it, spend it, send it, buy some more, sell things, spread the word... Use https://www.changetip.com/ on social media, use https://purse.io/ or https://brawker.com/, use https://openbazaar.org/ when it finally launches. These are just some of things a single man can do. |
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Will I make a profit on this? I am starting to give it serious consideration, but as far as I am concerned the whole shit is a scam and you always end up going negative profit when you buy hardware as new stuff is always around the corner. What will $5k give me today TH/s wise?
I think you answered your own question: "the whole shit is a scam and you always end up going negative profit when you buy hardware: If I had $5k to blow I would just buy BTC with it. But I don't have a lot of extra space for mining and the price of electricity is quite high. If you buy BTC with your money you have a chance at making money OR losing money. If you buy mining equipment AND you have access to cheap electric you MIGHT make some money, on the flip side, you could lose money.... It's really up to you.... My electricity cost is very cheap, I have 1 regular computer running 24/7 and one laptop running 24/7. On top of that I have 5x ASIC 333 mh/s memories mining constantly, and they are in a USB-hub, I rarely turn off the lights but my electricity bill lands around $40 a month so that wont be a problem. The difference in power cost in running a USB miner and a Bitmain S4/S5 or Spondoolies Tech SP20/SP35 is substantial. You'd need to know your electrical rate k/WH. If it's $0.06 k/WH or lower, then I'd consider mining. If it's $0.10 k/WH or higher, I'd say forget about it. Not only do you have to factor in this cost, you'll have to find out if your house or hosting center electrical circuit can handle the power requirements and total circuit load. The SP35 requires a 208V power outlet. If you pass these requirements, then probably no better deal than this mini farm: http://www.spondoolies-tech.com/products/holiday-special-sp20-mini-farm-batch-2 |
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absolute newbie here - would I want to use escrow when I buy 1 btc, or just for larger purchases?
I would. Pay escrow 1% at roughly $2 to secure $225 at current rates. I'd do that 10 out of 10 times. Better safe than sorry. |
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i invested and got a few bitcoin do i need a lot of bitcoin to make great returns would i need around 100 to be in with a decent chance thx
Hi there bitwoman! Welcome to the forum. First and foremost, don't look at Bitcoin as an investment opportunity or stock option. If you what you've been hearing, like the technology, are interested in it, and want to get involved, just invest a fraction of your net worth. 100 BTC seems like quite a bit to invest, so unless you're raking in the dough already, I'd scale down quite a bit. Do a wait and see approach. Maybe 10 to 20 BTC for now, and if Bitcoin is truly here to stay, then invest more. |
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I voted Dumb idea, because I think it is a truly Dumb idea.
Bitcoin isn't a speculative Pump and Dump altcoin. Bitcoin is "The" coin.
We need more bagholders that spend and transact frequently, but also accrue and accumulate to replenish their stash, either by buying or getting paid in Bitcoin. Not pumping and dumping BTC like it's a penny stock.
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The problem is there are no jobs being paid with bitcoin, serious ones at least (sigs dont count lol).
If there isn't bitcoin comming in with work, to get them you'll always need go to through fees and banks which defeats the purpose.
If you want to get paid in Bitcoin, you can: https://www.bitwage.co/I suspect this will be an increasing trend in the years to come, as the Bitcoin ecosystem continues to grow. |
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Right now Bitcoin has bad case of the Measles:  Just need some ETF and Gemini to help heal it back to full strength... |
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Bitcoin is inferior coin. No real developement. Very slow.
Only thing it has is that crazy cult in denial of reality around it.
It's the only coin with real VC investment and support. No other coin has the backing, development, investment, and interest of Bitcoin. Not Litecoin, not Paycoin, not NXT, not Ripple, not Darkcoin, not Stellar, not Counterparty, not [insert any alt coin here]... bitcoin the only coin with real venture capital and support? wtf? what have VCs taken over the btc foundation? you do know ripple is like entirely VC? Yes, you heard it right. Ripple has a total of only (sounds ridiculous) of about $100 million invested in it. http://blogs.wsj.com/venturecapital/2015/01/26/digital-payments-company-ripple-labs-finalizing-30-million-funding-round/Coinbase, one meager Bitcoin company out of hundreds(thousands?), had $75 million in one funding round. Bitcoin as a whole, has hundreds of millions of investment money in a myriad of companies and startups. Probably closing towards a billion at this point. So like I said, Ripple is shit. |
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Pretty soon we'll be checking Gemini once it launches, especially if the institutional investors jump in.
Can't wait to see that volume...
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I'm about to Loose interest too!     Not losing interest in Bitcoin though!  |
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He made the best call he thought at the time.
Running the ball very well may have ended up with them not getting in and the clock running out.
Passing may have allowed them one more play if they didn't catch the ball.
Unfortunately for the coach, it was picked off.
Yes it seems kind of stupid, but managing the clock is a game in itself.
Even if they ran it and Lynch got stuffed, the Seahawks still had a timeout remaining, so time was not a factor. So in theory, they get run stuffed, call timeout, and they pass it on 3rd and 4th down, but still from the 1 yard line. Just dumb situational play call all around. stuffed and and a loss of 5 yards or back to the line. But whatever I'm not here to argue over it. just saying what I think of it. Not here to argue either, but say Lynch gets stuffed for loss to the 5 yard line. They call timeout, and they still have 2 pass plays left. When you're 1 yard away from the end zone, the probability and possibility of turnover running the ball is probably close to 1% or less. The probability of a ball getting tipped, a wide receiver getting jammed, or just any sort of disaster is magnified at the goal line especially with a short QB like Russell Wilson. Wrong play call period. |
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He made the best call he thought at the time.
Running the ball very well may have ended up with them not getting in and the clock running out.
Passing may have allowed them one more play if they didn't catch the ball.
Unfortunately for the coach, it was picked off.
Yes it seems kind of stupid, but managing the clock is a game in itself.
Even if they ran it and Lynch got stuffed, the Seahawks still had a timeout remaining, so time was not a factor. So in theory, they get run stuffed, call timeout, and they pass it on 3rd and 4th down, but still from the 1 yard line. Just dumb situational play call all around. |
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I wondered if anyone else was aware that nlc = crumbs.  And I doubt it ends there. Isn't NotLambChop also YourFather, FatherBob, Cassandra_PR and countless other alts? Where does he/she/it find the time?  Don't be a dumbsky. I'm not NotLambchop and NotLambchop is not me and my history proves it. My bad! I didn't know you were two different people. Hard to differentiate from time to time.  |
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There's probably no better escrow provider in BitcoinTalk than OgNasty. Just PM him, and let him go to work! https://bitcointalk.org/index.php?topic=303281.0Nobody better here than OgNasty, honestly. Legendary status, sparkling trust history, tons of BTC volume escrowing... The best. |
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