Is there such a thing as a butthurt bull in a bull market? I think I am one of those. I am long term bullish. I know that Bitcoin will go up, way up. I know that  I need more BTC. I have fiat ready. Yet, I still can't buy back in now, after that sell a couple of weeks ago, when 580 looked like the top of a dead cat bounce...  

GAAAAAAAA........

I asked KnC in mid-December about hosting of Neptunes and its power consumption, and they replied:


I really hope that they will provide hosting (or I'll have to find a hosting company). I can run 1 Neptune at home, but I'd rather  not.

If my sad experience is any guide, there will first be an explosion upwards, so that everyone will start buying into it, followed by a dump and a lot of panic-selling...

I have that sentiment as well. Should have held more and tried to trade less.
I had 25 BTC from alts that I managed to squander while playing catch-up in BTC/USD trading...
At this point, and after a two-week waiting I am at the end of my tether. If this week-end does not present a buying opportunity, then I'll just buy whatever the price and hold (while moving some of the funds to alt-trading).

Happy New Year everyone, and KnC staff especially!

Godt Nytt År!

Good bye, the Year of Jupiter and Saturn!

Here is to the Year of Neptune!  

Being a Swedish company, I felt that KnC would come through with the 28nm technology (and Bitcoinarama's research only reinforced my positive feel back then. Thank you, Bitcoinorama.)

Now, I have an equally strong belief that KnC will deliver on their 20nm venture, and my bet on that are BTC11 that I paid towards 1 Neptune in the early batch.

2014 promises to be even more interesting than 2013.

Happy New Year, everyone! Let it be a little kinder to all the lost wannabe daytraders.

What's with the certain be-scythed figure on ChartBuddy's charts?

Just got 1000 from some friendly soul. Thanks for a New Year present.

I'm going to solo-mine for a few days to see if I manage to solve a block. Have a few pretty powerful CPUs, including a hyperthreaded 6-core i7, which pushes 100khs per thread.

Trying my luck with the built-in miner for now.

PZkQaz4WoPKijB41yaMSz9aY3f7Yj9ha5r

Yes! A nice New Year present from them! As I understand it you create a buy and a sell order in one go (and vica versa)?

Hello, everyone. I see pessimism is in abundance. Good. Still holding fiat from my inadvisable sell between 530 and 580 (when it looked like a local top after ~390), and I don't feel like accepting the loss, which would negate all my previous month's winnings.
So, here's to a nice dip, especially considering the positive effect that would have when declaring BTC fortune value at year's end for the tax man.

Not likely. You just reiterating what was said a year and a half ago during the transition from CPU to GPU.
Bitcoin mining is a self-balancing process.

By the way, does your surname start with "Raf-" and end with "-ko"? Just know of one very tech-savvy igorr. If you are him, then nicely played.

The site seems to be down.
Their mining servers/ports are up.
I wouldn't be worried. Things like this happen.

Next year: 3 TH/s or more.

Those who still think in GPU terms, comparing 1st gen ASIC with 4th gen ASIC is like comparing 6550 to 7970.

To give you a clue on what next gen miners are going to deliver:
https://www.kncminer.com/products/neptune

I have one from the early batch preordered. Its unofficially estimated power draw will be between 3000W and 3500W. You can run it at home with a dedicated 240V @ 16A circuit and sufficient air conditioning, but it's going to be a stretch.

The keyword here is hosting.

This. Though 20nm KnC orders are set, so expect a difficulty hike in Q2/Q3 of 2014.

As for me, I'll be mining whatever happens. Mining is the backbone of the Bitcoin network. It's not the means to get you rich quick.
If you believe in Bitcoin having a future, then be a part of it by mining. If you want profit, then just buy and hold, or trade.

Morning from Europe.

Watching this wild bounce from the sidelines. I am still holding... fiat from that too hasty sell in the 510-570 zone after a 390 bottom (which seemed reasonable at that time).
This whole crash business is like an accelerated Jedi training course. Patience, young padawan... I am done with "it's going up for some time, buy, buy, buy... oh, no, it turned back down, sell, sell, sell".

It's the first bubble that I've experienced from the front-lines. I wasn't on the exchange in April, though I've been mining and holding since October 2012. Accidentally, I managed to sell 1 BTC at the top of the April peak through a third party, and then buy 2 BTC back after the crash through another third party, and that got me interested in trading potential. I've read a lot about the April going-ons and studied the charts, and thought I was prepared. I was not. Whatever wise warnings people give here, they go out of the window in the heat of the moment, until you yourself get burnt on the same mistakes that people did before you and warned you about.

Hmm... I'd prefer to live on this day to see another fight.


I have a feeling a new word/meme has been spawned.

This does it.
It looked like the range between 510 and 570 was a good range to sell at in preparation for a second dip. That hasn't come yet.
I could buy back in at a loss now, but looking back at my previous trades, every time I did that, if I just took a step back and waited, I could have bought back at a minor profit instead.
I've placed my bids now accordingly, and am going to take a break from this bloody trading (literally) until they are filled. You'll hear from me when I am ready to dive back into the fray.

No, it's phonetic similar of "Hurdle"

This quote made me splutter:

Journalists should at least check basic facts. The US' delusion that it's the centre of it all is mind-boggling!