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301  Economy / Services / Re: ZOOMHASH.COM pays for your signature space! 50 posts required, weekly payments! on: May 15, 2014, 08:09:40 PM
Evil isn't very strict on certain rules of his campaign, so i think that in this case it will not almost definetly be a problem
Yep, I think he is a fair guy. We could say that Evil is not evil at all. Cheesy

I asked just to be sure, but thanks for your comment, it has removed my weak doubts.
302  Economy / Services / Re: ZOOMHASH.COM pays for your signature space! 50 posts required, weekly payments! on: May 15, 2014, 07:47:11 PM
Can I also have some extra days to reach the 50 posts thereshold? Smiley
303  Other / Meta / Re: You must be at least a Jr. Member to vote in polls on: May 15, 2014, 07:38:04 PM
Previously, anyone could vote in polls. Now you must be at least a Jr. Member. This should make vote manipulation more difficult, though you should still not rely on forum polls for real accuracy.
Pure speculation here:
Should this (good) move suggest us that in future some minor decisions could be put to the vote?
Has it ever happened in the past?

Just curious, and thanks to anyone can answer.
304  Economy / Speculation / Re: When will BTC hit $1000 again? on: May 15, 2014, 07:40:36 AM

Nobody bets a satoshi on 2014?
305  Economy / Speculation / Re: When will BTC hit $1000 again? on: May 15, 2014, 02:59:23 AM
I feel like I keep loosing. I bought some BFL 100 GH miners a few months ago, never got an RIO (became useless after 30 days), I built many scrypt miners, no RIO yet, bought a scrypt asic 5MH and a few days later price goes down 3x. Past few months invested $10,000 in BTC since it went to $400. I feel like MTGOX f'd up my life at this point. Will BTC ever hit $1000 again? Looks like it will NEVER go up again. Just my luck.

I don't think it's a question of your (bad) luck, but rather a lack of research and time spent trying to do the right moves.
I'm sorry to say that, but it's what I think.

On the good side, there is the fact that the downtrend seems has stopped now, and the rising is coming.
I think, like many other people, that BTC again at 1000$ can be considered a realistic scenario in the near/medium term.

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

You are going to do the same errors.
Have you ever used an online mining calculator to have some hint about profitability?
For "only" $4K?
How are you sure that some RANDOM-altcoin will skyrocket?
Again, invest more time in research before you do your moves.
306  Economy / Speculation / Re: When will BTC hit $1000 again? on: May 15, 2014, 01:06:12 AM
This thread would be best placed in Economics > Speculation.
You should be able to move it using the links at the bottom-left of your page.

PS: It is ROI, not RIO, and what you really mean is break-even. Smiley

307  Bitcoin / Mining speculation / Re: BTC Mining Managed Service Coin on: May 14, 2014, 08:59:46 PM
wait isnt this the mining speculation forum? 

shouldnt you all have some rough idea of how much a 1 GH miner would cost to operate and produce in profit? and then derive the expected present value of the risk adjusted income stream?

it has nothing to do with what I propose.  c'mon someone has to know??

Well, you started your thread with a poll asking "Would you buy a token that represents a managed service of hosted BTC Miners?" and I answered that Yes, but it depends by some factors. Are you sure it has nothing to do with what you propose?

Anyway, going more straight to your question "How much would you pay for 1 gigahash?", let's put some raw data into a mining calculator such as mining.thegenesisblock.com and see what happens.

Considering it is a managed mining service, I need to fill only the Cost of Hardware field and I can zero the following params:
- Power Use
- Shipping Costs
- Misc Costs
- Pool Fee
- Electricity Costs

Let's use 1TH instead of 1GH to improve the readability and also use only BTC to eliminate any BTC/USD change speculation.

Then, to answer your question, we have to define two major things: expected break-even point and expected monthly difficulty increase (only the latter has its own input field on the calculator). Of course small changes in these two input params would result in way different output. I think that defining these two params is not easy at all and it involves speculations, knowledge, personal convinciments and also some luck. I was mostly referring to them when I wrote "I can't answer without involving more research".

So when we want to reach break-even in our simulation? What about 6 months (180 days)? Is it fair enough? (not to me, considering how fast things can change in BTC world, I would like to have a shorter period, that can be obtained, in this case, only with a lower buying cost or a lower difficulty increase).

And what about monthly difficulty increase? Well, put in your own values, I really don't want to speculate on this endless matter. But just for a test purpose, what about a 30% as average monthly increase for the next months? The calculator shows 45% as monthly Historical Difficulty Increase, but let's insert 30%.

Well, all that considered, I can obtain the 180 day break-even when I fill the Cost of Hardware field with 5.8 or 5.9 BTC (for 1TH).

So to answer your question with some raw numbers, I would say 0.0058BTC for GH.
(I mean I would start to consider your offer if it's lower or equal to 0.0058BTC for GH)

308  Bitcoin / Mining speculation / Re: article on Coindesk.com about Bitcoin ETF on: May 14, 2014, 05:40:21 PM
Thank you !
No problem.

Can be closed then.
Look at the bottom-left of the page, there should be two links to Move/Lock the topic. Smiley
The OP of a thread can do it, but I'm not sure if it's always doable in every section and subforum.
309  Other / Meta / Re: Bug Report: autocompletion in "To:" field of Private messages on: May 14, 2014, 02:19:32 AM
I'll let you know here if I find a reason for that error, I'll check carefully all my requests going in/out.

Yes, let us know, this thing is getting curious.
And in case you find out that there aren't additional requests, AFAIK I'm left with one doubt:
How the hell fast do you type?  Cheesy
310  Bitcoin / Mining speculation / Re: BTC Mining Managed Service Coin on: May 14, 2014, 01:32:03 AM
How much would you pay for 1 gigahash?

Well, I can't answer this "simply" question without involving more research about it with a lot of considerations/speculations, beside a good chunk of time and some maths.

But if you were only asking me if I could be interested in considering such a proposal, then yes, I surely would know more about it to understand if it's a good deal or not.
311  Bitcoin / Mining speculation / Re: article on Coindesk.com about Bitcoin ETF on: May 14, 2014, 12:40:34 AM
I think you posted in the wrong forum.

There is already a thread about the same news in Economics > Speculation:
Winklevoss Twins to List Bitcoin Fund on Nasdaq
312  Other / Meta / Re: Bug Report: autocompletion in "To:" field of Private messages on: May 13, 2014, 03:34:41 AM
I've just tried with fast random typing too, but still can't replicate it.

To see where that "<html>" is coming from, in Firefox for example you can open Firebug, go to Console tab, click on the latest GET request and then look at the Response tab. This should give you some hint.
If you want to post here this Response PAY ATTENTION it is just html and DO NOT post also some sensitive data from other tabs like PHPSESSID or SMFCookie that could bring you security problems (if it happens then just logout, clear all cookies and login again ASAP; it should be enough).

Maybe it's worth mentioning that it's not sure that this kind of bug - if it's a bug - would be considered prioritary and then addressed because of the new forum software in development.
But that's just my impression; let's see if there is some news from the staff.
313  Other / Off-topic / Re: It's official! The Bitcoin Foundation has an accused pedophile on its board. on: May 12, 2014, 10:44:47 PM
It would be curious to see this disgusting drama added to an updated version of this flyer:
How To Explain Bitcoin To Your Grandparents

Thank you PG for your peerless work.
314  Other / Meta / Re: Bug Report: autocompletion in "To:" field of Private messages on: May 12, 2014, 09:07:46 PM
I am not able to replicate this bug. Autocompletion of this field seems to work flawlessly in my case.

Are you experiencing some slow internet connection when it happens? Or maybe are you using too many browser windows or tabs opened at the same time?

That field sends an Ajax request with the chars you typed and then you have to wait for the server response (the matched username).
Maybe that "<html>" you see is the beginning of a message from the server (or also by the javascript that sends the request) like an error or timeout.
315  Other / Off-topic / Re: Answer the question above with a question. on: May 09, 2014, 10:22:46 AM
I think your question is specific and to the point, don't you?

I would simply answer "Yes I do, thanks", but then how could I end my post with a question?
316  Economy / Speculation / Re: Multi-Timeframe Technical Analysis on: May 09, 2014, 05:20:48 AM
Also MACD on 1-Day chart turned UP and the 3-Day MACD is still green.
Seems like upward forces for the medium term are consolidating, right?

Little update in Technicolor™:
MACD on 1-Week Chart
MACD on 3-Day Chart
MACD on 1-Day Chart
MACD on 12-Hour Chart
MACD on 6-Hour Chart
MACD on 4-Hour Chart
MACD on 2-Hour Chart
MACD on 1-Hour Chart
MACD on 30-Minute Chart
MACD on 15-Minute Chart
MACD on 5-Minute Chart
MACD on 3-Minute Chart
MACD on 1-Minute Chart
317  Bitcoin / Bitcoin Discussion / Re: What does your Bitcoin smell like? on: May 09, 2014, 04:58:03 AM
For who is interested in btc smell, there is also this earlier thread:
If bitcoin had a smell,how would it smell like?

It seems a FAQ...  Grin
318  Economy / Speculation / Re: Winklevoss Twins to List Bitcoin Fund on Nasdaq on: May 09, 2014, 03:26:16 AM
If it really happens, at the end of the day it seems to me a good news, with some exceptions.

I think that there are many people that would never get involved in Bitcoin without a fund or something similar on an official stock exchange.
I see it like Bitcoin is expanding in new "markets", bringing new people to bitcoin "awarness". And we tend to consider that a good thing.

On the other side, it's clear that these people are interested at Bitcoin only as an investment, and that wasn't exactly one of the reasons behind the Bitcoin idea.
319  Other / Off-topic / Re: Answer the question above with a question. on: May 08, 2014, 09:57:14 PM
Are you talking about this guy?

SKIP IMG

Do you usually treat stone statues as if they're human?

Isn't it a bronze statue?
Isn't your question a bit too far off the current topic?

I was wondering that, but that pic was posted just today... Is my question really too far off?
320  Other / Off-topic / Re: Answer the question above with a question. on: May 08, 2014, 09:11:08 PM
Are you talking about this guy?



Do you usually treat stone statues as if they're human?

Isn't it a bronze statue?
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