That's unprecedented, one person? squeezing whatever bears we had, wassup mr. m. up we go.
He may have made the best investment of his life. For people on a cost averaging purchase plan like myself, it's psychologically very difficult to buy on spike days like today. I hate paying up. And yet, I look at the trend in news during the past few days: Wordpress, Spain banning cash transactions over €2500, etc. And I press the buy button. With urgency. $12.15, still a bargain. Yuuuuuuup and don,t forget Paypal is digging there own grave to..... |
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Thoughts?
Predictions that don't cost you anything are pretty much worthless. It's always easy in retrospect to brag about your predictions that materialized and stay quiet about the ones that didn't materialize. I dare you to make a public bet of $1000 that bitcoin will drop below $3 by the end of August (I'm sure you'll find many takers here). Then I will take your prediction seriously. bump uuurr you lost a 1k |
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I have about 1% and I am a big believer in Bitcoin. I might eventually go higher.
People with 5%, 10%, 50%, or more need to learn how to manage their money better: they are exposing themselves to a lot financial risk, or they don't have nearly enough savings, or both.
If they can't afford to lose it then yes. However, the fiat system currently discourages savings (and encourages consumption and debt). Most people have lots of debt with little to no savings... If you have savings at all, in general, you're doing quite well. U are so right, if you can end this year and have no dept..paid all of ur bills, have a roof above ur head, got some good food and then still have some money in ur pocket u belong to the only 8% in the world these days.. I have around 10% in BTC |
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Whatever limited drop in difficulty may occur, it will vanish as soon as the first ASIC rigs are delivered. In the end, if ASIC would be far away on the horizon, most would already have switched to FPGA rigs in order to remain profitable with the block reward halving. I am actually surprised that overall, few big time GPU miners did not do a full transition to FPGA months ago in order to reduce their electricity drain.
I think in my case it depends on how much u invested in GPU,s and before u ROI those again invest in FPGA,s just for the electr. cost didn,t make sense to my situation because the gpu farm was steady making BTC month in month out and mining for the long run nowing that the BTC become more wanted in the coming years ..you could say i skiped the FPGA ,s and i am glad i did they out runned in a very fast tempo when ASIC hit the net..and gpu,s are much easier to resell if necessary but i will transit to an ASIC rig but only when i see ASICs doing 60gh@60watts in the wild untill then i just keep mining oldschool...and i think more miners think this way..   |
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Web page and api server are down. Workers get jobs and submit them, so mining server seems to be working.
Yep check it out my rigs work also so thats okay.. |
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More updates for the coming changes now that I'm back to digging into the Stratum server to allow user switchable payout methods (PPS/PPLNS).
With the coming changes, it will be possible to specify a difficulty on BTC Guild's stratum based servers. Specifying a difficulty will be done using the worker password field using diff_1, diff_2, diff_4, etc. The difficulty -must- be a power of 2 (1, 2, 4, 8, 16, 32, etc.) due to how variable difficulty is designed in my implementation. If you do not use a power of 2, it will use the default vardiff settings.
When a user specifies a difficulty, this will be marked as your minimum difficulty, regardless of how slow submissions come in. It will also follow different rules for increasing. Instead of a 12-20 shares per minute target, it will only increase your difficulty if you exceed 30 shares per minute during a 5 minute window [sometimes faster in extreme cases].
These changes are not live yet, this is just a preview of some of the changes I'm trying to squeeze in before the reward halving hits.
Could it be a reason the site is or has some downtime now?? i can,t open the site for some minutes now..i ll just wait and try later?? Thx |
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If ASIC doesnt arrive and its unprofitable for GPU mining the whole network could actually get weaker if GPU miners quit enmasse.
Well thats were the difficulty comes in, if that drops the mining margins will get intrested again and the less miners will get more shares with there remaining rigs so i doubt that the network will get weaker do to what u are saying..  The smaller miners maybe yes.. but the farms will be profitabel..untill ASIC arrive... |
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Sounds good to me, I'm in the US. I can't ship any GPUs, but I can start up a US based initiative. I too essentially have free electricity. About 20 AMPs at 120v. So roughly 20,000 watts. Enough to start up a small pool if need be. I started a similar thread and got similar responses. If you send me a PM, we can go from there.
I thought Amp x Volt = Watt ?? So 20 x 120 = 2400watt??? Or do i over see something here?? just curious.. W = V * A, but can be a little confusing after that. See : http://en.wikipedia.org/wiki/Watt#Confusion_of_watts.2C_watt-hours.2C_and_watts_per_houryuuup thx for that Why on earth anybody would start a GPU mining farm these days weeks away from ASIC delivery? We will see in next few months. I have bet on Bestofbitcoin.in that there will be no ASIC from BLF or any other manufacturer for years to come. Is this a scam? Yes it is! I will run away with your GPU's and sell them for quick profit and I'm not thinking about steady long term flow of bitcoins. /sarcasm off> You will use MY tax MONEY FOR YOUR PROFIT.
FUCK YOU.
I will use the money of the evil union (EU) that completely destroyed economy of my homeland! It is like stealing from government in USSR where it was a honorable thing to do. I do think the same about it..but we will see November is also almost done still nothing out there same as oktober.. What makes you think the ASICs won't be released? I think they make take a little longer to send out at the very most, but butterflylabs has pulled through in the past. I don't quite understand their logic with releasing a unit for $700 that performs better than their $15,000 rig. They are both going to be released at close times as well.
If this becomes a trend, which it looks like it is. Then BTC will turn out to be nothing more than a hardware laundering scam where miners keep paying more money to match the difficulty. It looks like BTC is going to have to go back to it's roots and set/get some things straight.
I don't want to see it collapse, but it needs some work.
People doubt ASICs because they are difficult to develop, and expensive. The concept that bitcoin is successful enough to drive entrepreneurs to sink hundreds of thousands, or potentially > $1M & > 1 year of professional development, into a bitcoin project, is hard to swallow (not my words, just an explanation). could be a good explanation when we look back in to this over a year.. |
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Sounds good to me, I'm in the US. I can't ship any GPUs, but I can start up a US based initiative. I too essentially have free electricity. About 20 AMPs at 120v. So roughly 20,000 watts. Enough to start up a small pool if need be. I started a similar thread and got similar responses. If you send me a PM, we can go from there.
I thought Amp x Volt = Watt ?? So 20 x 120 = 2400watt??? Or do i over see something here?? just curious.. |
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final stage? This is hard to say at the moment, we will keep the community updated however.
In addition, I've been getting questions regarding our shipping schedule and which "batch" the Order on the shop belongs to.
Inventory. Avalon learned from the mistake of our competitors and since conception has decided to release small order batches of 300 ( a number solely based on our estimated capacity) and only when a batch is close to finished, we will begin the sales of the next batch. When a new batch is announced, there will be another thread. In short, any units ordered so far, until further notice is part of batch #1, which is currently scheduled to ship at Jan 14th. In addition, as people fail to follow up with their orders, there are still some units left in the store, so if you missed your chance originally, now it's the time.
For anyone that's interested, it looks like there are 3 units left in the store that will ship with the first batch. avalon-asic.comit magically disapeared??? |
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I read alot of short term thinkers with ASIC buyers.. that they will only make some roi the first ones that get delivered and only in the first few weeks  ..people will be better off in a pool anyway, why else would people at the moment doing 300gh, 200gh, 100gh plus be mining @pools or so So it also means that if you get delivered 3 weeks timespan later u will be out of the game making the first big and fast BTC,s and still waited for alsmost an half year on your ASIC device...mostly making non BTC at all.. i do think this is kind of a "i,ve been/got f4cked" bij the ASIC promisses don,t u think? especially when only ordered 1 or 2 devices@ 60gh speed.. We will see soon.. Also i think https://bitcointalk.org/index.php?topic=123602.0 has a point there too.. |
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Here is a pic from AMD's facebook page:  Say hello to the industry’s most powerful server graphics card, the AMD FirePro™ S10000. Find more details here: http://bit.ly/VY5ifc and check out this server setup with EIGHT S10000 graphics cards. That’s right, 16 GPUs! Damn looks nice, i would like to ask them to hang it on cgminer (orso) @ some pool for a week would be nice just to know what it would hash..it does look expencive and useless when ASIC hit but still very clean setup only two years late |
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Got a PCI-E extender because my GPUs were way too close and the top one was getting too hot. One of my BFL singles isn't running atm due to a bad power brick. Buying some cables from Cablez: https://bitcointalk.org/index.php?topic=74397.0  The Delta AFB1212 fan in my window moves some serious air and really keeps my room at a perfect temperate. It can get loud at 100% so I use SpeedFan to keep it around 75% speed.  cool, but u better not trip over some cables and mes up ur rig... |
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Very intresting, an ISO mark would be taken serious by many sceptics, Very currious about the out come of it.. |
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Gpu users who think ASIC is screwed up are in trouble.
How are they in trouble? Most GPU miners have mined more Bitcoin than the average ASIC miner ever will. You're not comparing apples with apples here. Maybe you don't understand the comparison then. I am just wondering why or how a GPU miner who thinks that "ASIC is screwed" is in trouble. As I said, most GPU miners have already mined (lots of) Bitcoins. ASIC miners have not. GPU miners were the real early adopters and ASIC miners are the wanna-be early adopters (caveat: an overlap will exist). On average total earnings of an ASIC miner will never exceed that of a GPU miner. It's like a poor guy with a lottery ticket for a million dollar jackpot saying to a rich guy, that he is screwed because he has less money than the poor guy might win. Yuuuuuuuuuuuup +1 |
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Yeah try UTC or write GMT+/-N
As for when ... 3 weeks ...
2 weeks, 5 days, 23 hours, 30 minutes yeah i am getting excited ... |
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Very nice but hard to ROI i think to expensive I just invest in more Mhases the rest is hobby as making expesive rigs is just for fun, but not neccesary i need more coins in my wallets thats all that counts for me. I see lots of reasons that ASIC is a scam but i could be wrong we will see.. |
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Advertising Bitcoin really is the way to go. But Advertising mainstream is ex-pensive, and it will be hard if not impossible for us to quantify the return.
But it's definitely thinking in the right direction.
Find a celebrity who speaks positive about BTC and it,s benefits in the media is priceless and will be effective or a big online company how adopts BTC first could be win win situation. Most of the forum people have what in comen? IT or TECH were whould u spend ur BTC directly on.? Except for BMR en SR like websites there isn,t much to spend BTC on YET, if more legal companies could start excepting BTC like coinabul ect. does we have to.... Write a simpel guide on "how to easy implement BTC acceptence into ur business" some easy to follow guide even for noobs but understandable for bussines people.. |
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