Why bother with $20 per day price fluctuation. In a few years, the daily fluctuation will be more than $1000.
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However, he is right that Bitcoin would not help Greece. The problem with Greece is not the currency. The problem is with their inability to control their spending.
Greece has to curb its spending and lives within means. You can say that about practically any country. The US is trillions in debt but just keeps lending more with blatant disregard for their or the world economy and the tax payers always foot the bill http://www.brillig.com/debt_clock/Yes. But people are willing to lend money to the US at the moment.
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Additionally, Doge is still available for ordinary miner with only one HD Video card.
It is very unprofitable to mine Doge with video card. Scrypt ASIC is already there.
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However, he is right that Bitcoin would not help Greece. The problem with Greece is not the currency. The problem is with their inability to control their spending.
Greece has to curb its spending and lives within means.
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Five years to break even - reach $690? Are you kidding me? At current Bitcoin growth, I believe that Bitcoin will reach $700 in two years time. And probably over a thousand in five years.
That is a realistic assumption.
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i think we are going up.... I don't think this is a long term bull run but i think 250 will be considered the new floor soon.
That will happen after the US Marshals auction.
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The more you buy, the more expensive the coin will be. So it could cost you $10m*7m to buy up 51% of existing btc. However, if somebody owns 51% of btc, it could be worthless then.
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Just noticing a bit of ongoing strange behaviour with algos that get, "overloaded", with mining power. Pretty sure this has always been an issue when too much power gets pointed at an algo for YAAMP's software's liking, but has been causing issues more often recently with the large amounts of hashpower that gets pointed at quark on and off.
It looks like once the software hits what it thinks is the reasonable cap for mining power pointed at each coin, any excess power ends up getting pointed at the last coin on the list (the least profitable coin). While it makes sense to try to not point too much power at any one coin, it seems like it would be better to raise the caps when there's an excess power than to end up pointing it all at the worst coin to mine.
In X11, 8.7 GH/s is pointing at Unitus (x11), the profit is 0.0008 compare most others >0.1.
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With competition like Paypal, Bitcoin has a very bright future.
Yes. Bitcoin can also be part of the currencies used by Paypal.
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Social media is important and the cost might be low.
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Do not buy the card for mining, no profit.
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Are you high? $45 a day for food for 3 people? More like $20. Unless you're 300 pounds and never work out.
Where do you live that you're feeding three people for $20 a day TOTAL? That's ~$6 per day per person... In some third world country.
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dev you allready abondoned this coin ?
I think so.
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Hope justice serve on him.
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Any company with online payment should take it. Then it can be accepted in shops.
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This seems to be the best CPU GPU coin out there, keep it up Not really CPU, more focused on GPU I think... I said CPU coin because there is no much advantage using GPU specially compared watts to watts or the GPU miner is not well optimized. Maybe watts for watts GPU is not efficient, but you can put several GPU in one PC. The total hash is higher.
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I would rather see all the coins get distributed to charitable organizations or business startup into bitcoin business. That would be more relevant.
BTC start up only. And these coins should not go to exchanges. They should remain in BTC circulation.
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as nice as the idea behind that is.
unfortunately greece wouldnt deserve those btc.. look at the way they act after getting >100B in fiat...they need to get their shit together before getting more.
The Greeks have to work hard to earn the btc. If Greek adopts btc as the only legal tender, I will donate some.
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Doesn't look like it will be going below 100 anytime soon. Strong support above 200
I think the price will be around 200 for some time, then goes up slowly from there.
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