I thought that DRK is Bitcoin based and Dash is CN based...
Not any more. Dark just renamed to Dash. Its still a bitcoin codebase covered with anon confetti That is what I mean. Dashcoin is CN, but Dash (Darkcoin) was bitcoin based, not CN. |
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I dont even need to write what coin will be "the one"  you mean XMR! |
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I thought that DRK is Bitcoin based and Dash is CN based...
Not any more. |
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If btc=$1m then I need only 1 BTC to retire You mean today's $1m. |
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and I would like to add, if we go into an new boom, this tie I guess the target is around 2500-5000US$ pr bitcoin.
That would be in a few years. I only price goes up slowly and steadily. |
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Why didn't you create this thread when we were going up ?
Exactly. I would say the price has sky rocketed since the OP. |
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I wonder about the price (discount) of that 1 btc.
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If you and the company selling you the goods both have coinbase account, your transaction is also real time. Is it the same as 21?
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That is also what I thought. |
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I can only say this: LOOK AT WHERE BITCOIN IS TODAY! LOOK AT WHERE DIGIBYTE IS TODAY! despite the numerous amount of negative news, FUD and hardships, it is OBVIOUSLY CERTAIN that both Bitcoin and Digibyte have grown.....tremendously! did they care about what the media or other people say about them? no. of course i can easily say the same for many other altcoins but let us focus on this 2 on this forum  . do your research about Bitcoin or Digibyte. It is only through knowledge that you will find confidence and with it, no one is going to call you 'weak hands'. Cheers everyone!  If DGB keeps on adding new features which BTC does not have, it will survive. However, BTC will be even stronger if it adopts the established features of DGB as BTC has a much larger community and user base. |
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two 5870s used for heating purposes, single hashrates - x11 - 1768, x13 - 1283, qubit - 2385, quark - 2047 and lyra2re - 350
added "minprofit": 1.01, to see if it changes anything, nope, I think defaults are not being set properly if missed
Is your qubit faster than x11 with 5870? Very impressive. |
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Any reason for the price increase?
I do not know the reason for the recent price rise. But Monero is being developed actively like bitcoin, unlike many other altcoins. |
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10,000 bitcoins. Not because bitcoins aren't valuable, but because you want to retire as a USD billionaire (in the present value of USD) Exactly! Aim high and shoot for the stars. Fuck the moon, we'll be at mars in twenty years! That's why I'm hodling all my coins. Cashing out is saying you don't believe in bitcoin. You'll have to pry my triple-encrypted-USB stick from my cold, dead hands. It is better to use some of your coins so that BTC is adopted well. |
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instead of selling my coins i think i will actually spend them on something cool.
but that's now. it might change when it really happens. but before that i need to have more coins.
I mine and use coins. |
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I would continue holding the BTC until it reaches $1,000,000.
And when it reaches $1,000,000 I'll go out on the streets and just stuff random people's pockets with $100 notes.
It depends on how many BTC you have. If you only have 1 BTC, then you can only stuff 10,000 people's pocket. |
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60% in Bitcoin, 30% in Monero. The rest in other altcoins.
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Don't give yourself excuse to break even. Since you have waited for quite some time why not just hang on there a little. I don't expect price to gain a lot during the halving which is supposed to be around next year but there is a high probably we'll see bitcoin crawling up to the previous high after the following halving.
You expect it to approach $1000 around 2020? I think it'll be long abandoned by all but the ultimate die hards if it isn't much, much bigger by then. 1000$ by 2020, is a bit optimistic imo. I just hope it comes back to 600 and stays stable there. Is this your break-even too, and are you going to sell your bitcoins as soon as they reach 600$? In other words, did you lose your faith by now? He's delusional to think "1000$ by 2020" is optimistic. We'll reach that within two years again no doubt. I have no doubt that BTC will reach $1000 within next two years. I just wonder when the price will always be higher than $1000. |
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Only buy a coin with strong development team and has been out for some time to establish a good track record. Most altcoin will disappear a few month after launch.
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private pool = solo mining
just point more rig to one rig with the confing for solo mining, and you have your private pool
The sgminer does not mine directly to a wallet. Do you know any version of sgminer which can point to a wallet? |
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if he wanted to actually create an egalitarian currency of the people and wanted it to be as widely distributed and as fairly distributed as possible ... it would have been possible to ... for example ... just using a simplified number ... make the initial blocks worth 1 btc per 10 minute block and have that double , rather than halve , every 2 years until reaching a certain cutoff point to accomplish the same number of total coins and assuring a much fairer distribution in the process ... with this example this would have allowed for 6 coins per hour , 144 coins per day , and 52,560 coins per year produced for a total of 105,120 in the first 2 years , 210,240 produced in the next 2 years , 420,480 produced in the next 2 years , etc etc ... that would have allowed for today there be less than 1 million coins in existence with the remaining 20 million still yet to be mined and at a predictable rate and with the same total number of coins (more or less , depending on the cutoff point chosen and programmed into the software) ... it would also allowed for all of the coins to be created a helluva lot sooner than 2140 or whatever it's supposed to be for all of them to come into existence as in within our lifetimes ... how it was setup was instead 300 coins per hour , 7200 coins per day , 2,628,000 coins per year at the start ... which seems like a fair distribution method allowing for public awareness and evenly distributed coins ? ... 52,560 produced at the start per year or 2,628,000 produced at the start per year ? ... he knew exactly what he was doing in terms of assuring imbalance ... and since it was supposedly an experiment and they were valued so low / at zero value , what would have been the harm doing it that fairer way ? ... initial value argument is irrelevant flawed logic in terms of distribution imbalance ...
The bitcoin was worth very little initially. So the actual worth of the distributed coins increases with time. In your example, 210,240 produced in the next 2 years is more than double the value of the first 105,120 in the first 2 years if the price of bticoin increases. |
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