Theory 2:Satoshi Bobamoto This theory revolves around the fact that our friend bob here is Satoshi. He has returned to aid his community once again, under the alias of Bob. He could just be using the BiPolar part as a cover for his random spurs of kindness. He want's to give back to the people that have had faith in his little project, and this could also explain the reason why he has large reserves of BTC, because he was mining with his mega haxxors super computer (Seperate thread, seperate story(not a conspiracy)) Maybe satoshi is among us again?  Satoshi would not need a powerful system if he was the only one who really knew about the coin/blockchain. Only if he invited everybody to the BTC launch party (now that's another thread  ) |
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In most cases yes since diploma is needed in applying for a better paying job. But it is not always the case since even you are not a college graduate, you can earn more money by being hardworking, skilled and wise.
There are over supply of college educated kids, MBA and lawyers. Law of supply and demand will mean wages have to go down for the "elite" due to competition. The data during recessions shows that the college educated people have low unemployment, and high school graduates have higher unemployment. Presumably the college educated move to lower jobs, and the less educated people become unemployed. So keep in mind that competition is a complex phenomenon, and the degree is still worthwhile. This is a very good point. I graduated in 2009 and a few big law firms in my area went belly up in 2008-2010. For a couple years, I was competing with out-of-work lawyers for shitty legal support work. Go figure.  Sure, going the uneducated route is fine if you have brains, ability and start-up capital. But you may be edged out of the market when you need a job the most. Why work to get an education and a degree and a job in such a situation. All those low paying jobs earners end up receiving less in compensation than a full time welfare collector - and the welfare collector doesn't have to worry about getting hired while looking for a job. Well there is that dignity thing, but I think that's gone today. |
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banned for banning a bitcoin lover.
Banned for not being zoology, come on all the cool kids are doing it. |
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Here you go: http://mapofcoins.com/#You are no longer allowed to make an altcoin because there is no more space on the map! Woot, the first thing I found is that "412 currencies in total, 33 this month" on the top right corner, which means we have a new altcoin every day... And for every altcoin made 10 people will lose a fortune and a couple of "devs" will become richer. All but about 6 coins in the past 8 months have more or less died including the venerable DOGE - and even that is limping. |
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If you're using coinbase you don't really have a "wallet" to secure, rather just a login. You could however, use coinbase vault to at least make it so if your user/pass/FA gets hacked it would also require a second email and a 48 hour delay before your bitcoins are gone.
If you want to be the true owner of your bitcoins I suggest busting out an old laptop, wipe it clean, disable the ethernet and wireless internet connections. Then install electrum (recommended) or armory as a cold (offline) storage and use that as your bitcoin "savings account". Then encrypt the harddrive (i still recommend the old version of truecrypt) and also have a strong password on the wallet. That way these bitcoins are unhackable. Make a few backups from that laptop onto USB's and CD/DVD etc in encrypted containers in case your laptop breaks.
Wow that seems like a lot to do doesn't it? I mean, if the computer is not even online how would people have access to it? Online people cannot hack it short of some NSA funny business. But a robber/burglar can break into your house and take the laptop (which most burglars do) and the end-user might know what to do with the wallet. If you have a decent passphrase on Armory no hacker will be able to hack your password even with a crazy powerful dictionary attack - at least not in the 2 weeks you would have time to notice the theft and restore your paper wallet. Going with truecrypt is asking for trouble unless you already use it on a regular basis. If you make things complicated you'll end on the forums asking for help unlocking your wallet. |
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Coinbase also does not charge a fee for sending/receiving payments (at least not yet) but they're brokerage prices are not as good as market prices.
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If you're in CA there's always a lot of opportunity to start a business and just accept BTC as the preferred payment method but you would need to keep a tight ledger to pay taxes. Mining is pretty much dead except for free electricity people.
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Continuing to work and investing in bitcoins would be a lot more better than faucets in my opinion. Faucetting and hoping that bitcoin will keep raising in price is just assumption and to be fair doing things on assumption never really works out.
This is probably the best post in this that summarizes why faucets are bad. I'd buy Bitcoins with money from a minimum-wage job as opposed to using faucets. None of this faucet slaving stuff, it's not viable for much. Just good for literal experimentation. But even making the assumption that the fiat conversion price might inflate 1000x fold, you would still be better off doing whatever you could to acquire the most Bitcoin per hour. That is essentially the same as making the most fiat per hour.... and faucets pay less than trying to sell urine samples |
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And yet it's still more dangerous to cross some streets in Chicago in them middle of the night than it is out there in Texas. But urban gang violence just isn't "fun" to report on.
You have any article on this issue? I think he's referring to the insane amount of urban violence in Chicago which is making Compton look like a nursery school. 20 dead over the 4rth of July weekend whereas only one illegal died that weekend in TX (at least only 1 documented death). |
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Will they provide cross guards at all intersections around the college campuses too? Elementary and middle schools do that!
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Well I said in the IRS thread the most egregious offense in the Obama administration is the use of a government body to attack it's own citizens. Since Senators are borderline civilians I guess we could feign a little outrage. It needs to be clamped down and have some limitations set - I think Congress/Senate will only exempt themselves, however, just like they did with the ACA.
It is not that the CIA is spying on citizens (illegal) but it is that the CIA was spying on the people who provide oversight to them. It means they are preparing to potentially find "dirt" on the same people who provide checks on the CIA to only use if they were to try to check the power of the CIA. Keep your enemies close and your friends even closer. Very fitting statement to that effect. Why spy on those enemies over there when I'm threatened by my own employer |
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That's the method I found my way to Bitcoin. This is a market of BILLIONS of people just waiting to be introduced (anyone tired of the current banking system). Give the people an option to tell banks to go fuck themselves, they WILL take it.
If you are able to earn a higher rate of return on your savings then the inflation rate, then the net effect is you have more buying power after the interest and inflation are both taken into effect. The problem is that taxes will take a portion of your return, regardless of the inflation rate, so your rate of return is really only ~2/3 of what you actually make because of taxes, so you need to make 1.5X the inflation rate just to break even. Or you just need to make sure that the documents holding your tax filing information is safely stored on hard drive....that dies as soon as you get a request to meet with the IRS auditor |
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Sometimes I get the feeling that these cloud mining companies are either pyramid or ponzi type scams.
That's because they get all their money up front and if they skipped town it would the end user who would have to chase them. I wold invest in cloud if it allowed monthly payments that decayed over time commiserate with the weakening hash power. |
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With the S3's it all comes down to cost for power, if you get a good deal on your power, the S3's are a nice option. Mining is in turmoil, the altcoins ironically are disruption in sha256 mining even though everyone trades them in for btc. I got ROI in 42 days on my scrypt asics.
My power is pretty cheap (.08 per kwh) so as long as difficulty increases are under control, things look pretty good here. What is the profitability like in scrypt mining as of late? I don't know that I ever would do it, though... I actually believe btc has a long future ahead of it, and I don't so much think so about altcoins. :p Cloverme got scrypt miners early. Look at the LTC dfficulty for the past month and tell me that doesn't look like Bitcoin last year at this time. I wouldn't buy anything for scrypt unless I was a hardcore believer. |
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Most older dorms should be assumed to be 15A rated, so not more than 1.4KW continuous load. That's 3 S1s. If you have a large dorm maybe you get 2 circuits - so at most 6 S1s with not other devices plugged in - that means no TV, fridge, hairdryer, etc. I've been out of college for over 10 years but I doubt it has changed much as far as housing and I can see a lot of students getting kicked out for trying to make $300 mining - I would rather grow a certain plant with that electricity |
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Mining BTC for the home user is almost dead. Mining BTC for private farms who have millions of dollars to throw at it hoping to make millions in profit is very much alive. So since you're talking about a single S3 yeah it is borderline on return. Now an S3 farm with 2000 units hashing away with cheap power and unlimited arctic air for cooling - that's uber profitable.
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In the future please keep posts like this in the correct forum - this clearly has nothing to do with mining but rather ego  |
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Of course you could sell your gear and go the cloud hashing route. Only thing is I'd recommend you stick with a reputable upfront honest site - don't jut go for the cheapest because it might actually be just scam/ponzi.
Should I perhaps click on that referral link you're sporting and buy from them? You warn him not to buy from scams or ponzis but you encourage him to consider cloud mining. Dissonance. In what world would a company set up machines that make money and let you make some profit from said machines? The answer is none. |
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Please people, do not fees the trolls. If somebody asks this kind of question, that means they have not had patience the read first thing about crypto mining. I really do not understand why anyone would waste time explaining this.
Its always easier to ask then to find information themselves and thats what forum are for  Well in that case we should be telling every new user to buy BFL Monarchs. Seriously, if the new users spent 3 hours reading the forums rather than asking how they could make 1 Bitcoin they would know this. Apathy and laziness should not be encouraged on the forums. |
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