Cryptsy.com trade CAT to BTC withdraw from cryptsy into CEX.io, trade BTC to LTC, withdraw.
That is the lowest rates for exchanging out CEX trades BTC/LTC free (they are trying to get people in to invest in GHs for mining)
You can sign up to CEX.io with my signature, Cryptsy doesn't need a referrer.
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Been mining for a few hours. Looks good so far.
Will wait to see some stats such as blocks found expected payout, total pool power etc.
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yeah it wasn't C++ at all, which was why I was posting. I finally got it figured out, had to update the drivers from NVIDIA and then restart just in case anyone else has the same problem that isn't fixed by C++
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63 KH if you are interested can mine as soon as possible
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Look up how to read candle charts.
Then stare at the site for a couple hours and it will come together.
Right now pretty much everyone is losing their shirts... might be a good time to buy in for a bit, but just as easily could crash and burn harder... although you really can make good money day trading this... just not today.
Probably by the time someone reads this the price will be up 30% from where it is now. it always has short, sharp, short-lived, price increases.
The site is a little buggy, sometimes an order that has already been filled is sitting up on the order book and you have to look below it to see the actual next order in line.
Nothing beats getting in and messing around with it yourself, put in .00001BTC you can still trade with that low of an amount.
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Hi Prolom,
CEX.io uses their own machines for mining and they do it all out of the UK. The prices are open-market, so whatever people want to buy or sell at.
They take a fee for maintenance and electricity and they also have one of the largest mining pools for BTC as well.
The mining is very expensive if you are planning on never selling your Gh into BTC and the market heads continually downward, so there are many hazards, especially for those that just want to buy and forget. I think it is a silly move myself, but many of the people I refer do just that.
What I do is try to mine, then as it drops a little sell at the same price I bought at and I keep the amount I mine as well. I have gotten hit a few times, but overall, I am doing quite well. I recommend using a bot to keep your GH and BTC working for you. Even if it looks like you are loosing there is one thing that people never calculate in (I don't know why)
--You resell your GH when you get out.-- so, on all the calculators it looks like a loosing deal, but even with a 90% drop in GH/BTC it generally isn't a loss at all. I guess the reason that their own calculator does not account for it is that they want you to mine forever...
I recommend trying it with a small amount of BTC and seeing how you do for a set time period. Just keep in mind, it WILL go down.
There are also a good amount of people who are putting their heads and coding skills together to come up with bots that will survive and make BTC even in this market. Also, it is a very good way of learning how to trade any bear market such as FOREX or what the stock market is eventually going to do.
Feel free to PM me if you have any questions.
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When opening cudaminer 2013-12-18 a pop-up window indicates that it would really like to chat with that file, but is all lonely because it can't, and therefore will just sit down, till it comes out to play. Can't fix it with what I can figure out. Here is what I tried: Googling it, and finding that the solution is supposedly to go to http://www.microsoft.com/en-us/download/details.aspx?id=14632 and download it... no workie workie. So I found some MSVCR100.dll and copied them into the folder that I had cudaminer x64 in (one by one, I tried all of them) and I got a different error each time, which makes me think it is calling for that file locally but it isn't the right one. I have restarted the computer multiple times, reinstalled cudaminer 3 times, tried 2 other earlier versions or different builds (or whatnot) and have tried to figure out what the X86 dll would be and get that... but no dice. Please help me Obi-Wan Kenobi, your my only hope.
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I have two comments:
1. Mining at cex.io does not have to be unprofitable. It is currently unprofitable only because the price is too high. It would have to drop below 0.025 BTC to be worthwhile. If the price dropped low enough, I would not hesitate to jump in and buy.
2. Most cex.io traders lose money because the price is falling rapidly. It has fallen about 80% in the last 3 months. You have to be very lucky to make money from trading in this environment.
Bah, it's not hard to make money in a bear market, you just have to look at it a different way. if you are getting paid while stuck in GH, and trade even you win. Simple as that. For instance, right now I am out of GH and into BTC, waiting for the drop, then I get in again.
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the real adoption of crypto will come when it is more stable than fiat. For that, we must wait for the big fiat crisis.
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I make money on it, but it DOES NOT work if you buy and sleep and forget. Not unless the difficulty resets to the downside drastically.
If you can't fathom trading in a bear market, then try it with $1 and see what you can do by following what I do.
Buy in on a dip (dips are assured) then wait a couple hours to a couple days, reinvesting what you make into GH, then set a sell point at the exact buy-point that you initially chose. Then that gets taken up and you choose a lower buy-back.
rinse and repeat.
you are effectively shorting the market. Do it a few times and you will be a believer.
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I am making some decent BTC and GHs off of cex.
I don't know if it is best for an absolute noob. but anywhere you trade you generally lose a little to begin with.
The most important thing is that it teaches you how to trade in a bear market and still make money.
It's simple for me, I buy GHs on a dip, wait for a bit, put a sell back in at around the same price that I bought, then once that gets filled pick a dip to buy back in on.
It turns out I mine about half the time and with no trading fees the risk is low unless you have a huge dip that never gets close to your buy-in point, so then you would just mine and wait for a reset of the difficulty (like LTC has seen lately)
If you show yourself to be intelligent, you might even get picked up by the trading group, and make some money by cooperation.
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Thank you for whoever signed up with my link. I am getting an extra 1GH bonus on your investment.
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If you really want to get into mining and don't have a lot of BTC I would go with CEX.
I use CEX and its a GH (gigahash, aka mining power) trading platform. Market prices are paid for GH, a lot of helpful people in the chat box there and it's really catching on. I have about 8GH on there at the moment and I trade pretty frequently.
The trading allows you to trade up to more GH as the price drops (as the difficulty goes up the GH produce less BTC) but since it is a falling market and still has some upside swings, it's pretty easy to get the hang of, and of course you can just buy and mine and keep mining if you expect the next difficulty change to be less difficult to mine, or if you expect BTC prices to get to 10k within a few months.
I have been able to increase BTC and GHs by trading pretty much flat and buying in lower (you keep the BTC you mine while you wait for your exit point)
The best thing though, is that the GH are yours forever. (unless they go out of business I assume) you pay a percentage for electricity and maintenance.
you can get started with .000001 BTC
the link is in my signature (oh yeah you make a small bonus on referrals to)
Alternatively, you can just buy 1GH for about $11 for 1 year from butterflylabs.com no idea when they will start mining for you, but it's another low-cost option and they take USD
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I use Cex.io
The fact that you could have a difficulty downswing to make your GH profitable in the far future gives you an edge that cloudhashing can't match, plus the fact that you know that the market is going to drop as the difficulty rises, gives you all the information you need to trade....
I buy in, wait a bit, watch as it starts to sink below my buy-in point, set a sell just over that initial buy-in and WHAM, I make profit. not just on mining, but a small amount on the GH itself. then I pick a downside target by scrolling through the buy orders and take a break, it buys in, and I come back and the show repeats.
It's very easy, just gotta be aware of where the stops are and be ready for them when the time comes. The bots are pretty easy to defeat and mess with. Gives you everything you could want, trading without fees, BTC while you are waiting for a small spike to cash out, a chat-box that isn't run by russian gangsters who bad anyone for anything. And cool people who don't mind helping noobies understand how to deal in a bear market.
Oh and cloudhashing spensives. You don't have to risk a paycheck to get into CEX.IO
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all sent up to this point, hope you all had a Merry Christmas!
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all sent up to this point.
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PgjDuWfjuZNFUP6YMCTSKRsyU5wYpyp8Ms
Thank you for accurately representing the amount I sent to you and registering it on the board as requested. You are so far the only one to do so.
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