I've read something about possibly buying gold with Bitcoins, is this true?
Has anyone else done this & is it getting common? What exchanges offer this kind of service?
Any more info on this subject would be greatly appreciated.
I ordered a 1/10th oz Canadian Maple Leaf Gold Coin from Coinabul, September 14th and it still isn't here yet. What's worse is I e-mailed Jon yesterday about it and have heard nothing back. I'm assuming the 'fake gold tungsten' ordeal has set them back in getting products to their customers, but benefit of the doubt only lasts so long.
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PCI-E bus speeds do not matter for purposes of mining; you will get the same hashrates if the card is an 16x 3.0 compliant slot, or a simple 4x 1.0 slot. However an important matter to take into considering is the rated power of your computer's power supply. The 5830 card you want for example requires 175 watts of power at full load, and needs 2 separate 6-pin power connectors coming off your power supply to function. To compare raw mining speed between cards, without taking into considering power requirements and amount of space inside your case, you need to look primarily at 2 things.
1) Number of VLIW5 shading processors on the card. 2) GPU Core clock frequency. Memory(vram) frequency is irrelevant.
A previous post suggested the 7750 at the ~$100 price range. It is an excellent card if you have limitations. It's available in low-profile meaning it will fit inside almost any chassis you put it in, and it's gentle on your power supply, as it only draws about 60watts TDP. However, if power constraints aren't an issue, it's a poor choice. It only has 512 shading cores. The 6770 is a cheaper card, and has 800 shading cores. The math is simple.
edit: It appears that your system comes with a 350watt power supply. Perhaps I should give the previous poster more merit, as a 7750 with its low power draw may actually be the most powerful card your system can handle without changing out the power supply.
yet another edit: More research leads me to conclude the 7750 is indeed the most powerful card your system can handle reliably. Your GeForce 9600 draws 66.1 watts, and the Radeon 7750 draws 62.4 watts. Almost a perfect match.
Best of luck.
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/cast [Rebirth]>deadthread
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A lot of interesting things are happening in the world of Bitcoin. The next 6 months will have a massive impact on the Bitcoin market, with the release of ASIC technology in congruence with the block reward halving. I've always been more of a realist than an optimist, and most people who feel optimistic about Bitcoin feel as though the value will go up as the network hashrate going up, and the reward going down... However, the cold truth is, scarcity only drives supply and demand to the extent that the market has an incentive to buy up supply. If Bitcoin is to have a bright future, confidence in it must be strong, and with recent events, confidence isn't where it needs to be for the value to adjust proportionally to the network hashrate and reward drop. There is no direct answer to your question, as I don't have the proper insight/inside intel necessary(very very few people do) to make an informed prediction. Every market has an invisible hand, and those with deep pockets who feel threatened by Bitcoin as a system will see that their agenda is served. If you want Bitcoin's value to rise and see a more successful future(be more aligned with upcoming events which affect scarcity), do not sell your coins. Instead, consider spending the coins on something you can resell for more fiat, buy back your coins, and pocket the extra fiat, or buy more coins than what you started with. If adoption is to occur, people need to feel confident that the system will work, and selling off is the opposite of this. I would only advise selling if those with more monetary clout than yourself decide they want to harm the system: clearcut evidence comes forward that ASIC devices are a scam, The Bitcoin Foundation gets lured/forced into some kind of subservient collusion with the corruption of government, Silk Road gets busted/shut down, etc. Any number of events could greatly disrupt the system. My best advise would be to keep yourself informed with information that can be trusted, and keep a close eye on the market. Check prices multiple times a day, if you see a fluctuation, find out why, and make choices based on your findings. Play the game like a stock broker.
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the most accurate method to know who is the strongest miner or pool is to have an overview of all generated block rewards and their assigned addresses. if a pool has several block reward addresses it should be known which address is assigned to which pool. in case of unassigned addresses this addresses have to be counted as one solo miner because this could be the case also if it is not the case in reality.
+1. If you look at the hashrate distribution graph on bitcoinwatch.com, you will see it's measured by the amount of blocks found by those pools, not the actual hashrate.
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Maybe people at Deepbit finally realized that they're making less at Deepbit than they would at other pools? For those in Europe, 50BTC has excellent stability/low stales, and it pays very well. Smart people will go where they're reliably being paid the most.
Deepbit is hosted in Germany, and 50BTC is hosted in the UK.
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So I hear people can predict the future now.. sweeeet mang.
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It is human nature to learn from mistakes, be they yours or somebody elses. Remember, "If it sounds too good to be true, it probably isn't."
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Pretty sure the folks who wanted to take legal action against him have identified him as Trendon Shavers. A group of forum users met with him in real life, got a picture of him and everything. Search the forum for Trendon Shavers.
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Ideally, one spends BTC on hard-to-acquire items, resells those items for fiat, and then converts the fiat back into BTC. This helps to drive the market.
Take for example, 1 LB medical grade Cannabis on SR for 230BTC. This is roughly $2775 at current exchange rate. Some parts of the US, an OZ sells for 400+. That's $6400. Double your BTC in a month, with a couple OZ for yourself/more profit.
disclaimer: I do not condone or suggest or take part in illegal transactions.
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That's right. The government never gets what it wants, and is powerless to affect the bitcoin community.
Just ask pirateat40 how well that opinion is working out for him.
The more freedom you take away from people, the harder they'll fight to get it back. People are waking up, docile sheep no more. The people's justice will be served swiftly when millions of us are at the gate.
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Last few months have been a rocky road for Bitcoin.. GLBSE definitely throws another wrench in the gears. Additionally, difficulty seems to be going down for the first time in a few months.. Anybody know powerplayers in the market who're selling off?
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Bitcoin's value has dropped over 60 cents/BTC in the past 6 hours, does anybody know why? I mean difficulty is looking like it's dropping for the first time in months, but still.. Who is selling, and why? Anybody know powerplayers in the market who are selling? Links/Sources, anyone...? Does it have anything to do with GLBSE? Defaults? What's the deal? I thought we were on the up here...
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Sorry to be off topic, why does every other post have a signature advertising bASIC devices? I just came from a thread on sapphire 5870 fan and there were 2 more posts there spamming bASIC. Are they offering free bASIC devices if you put their spam in your sig?
They're giving away an FPGA, the modminer quad. Guessing this is because nobody is ordering their FPGA products since there is no concrete evidence that an upgrade-to-ASIC program is being offered. Still, free low wattage hashing gear that can be repurposed is pretty sweet. /sorryforhelpinghijackthethread
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GLBSE is closed. People have been asking that Nefario be tagged a scammer over in the scam accusation board.
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Sick find. If it were me, I'd try to find an office or school or something with old machines, stick the cards in those machines, and sell the machines. I once had a library give me a dozen old pentium II 400mhz boxes, all I had to do was haul them off and they were free. Nice find.
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BFL had a PR nightmare with the original fpga single device since they overstated what it can do and how much power it would draw. For them to boast a 50% increase in hashrate is pretty ballsy. Though if they're playing the long-con, they had to come close to the numbers bASIC products will be debuting with. Only time will tell..
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BTCFPGA has FPGA's in stock, and they will offer a trade-in program to go from FPGA > ASIC. This might be your best bet to get in the game now, at low power usage, and trade-in the FPGA for full value on an ASIC. 6 months from now, mining will only make sense with ASICs.
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