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I can't vote. I fall in the category of I know what Cyber Monday is, don't hate it, but I had nothing I needed to buy.
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Beowulf cluster for converting media files, yes. Beofwulf for btc mining, no way in hell.
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thanks fcmatt, keep selling us your coins. are you done mining onces having / asics hits?
I am going to keep mining with the gpus until diff rises much higher. The block reward halving, from the perspective of a miner, is as if the difficulty were to double. No? Sure, but if you heat with electricity anyway mining has no ongoing cost. Heating a home with graphics cards costs the same as a furnace (in electricity)?  Furnace, yes. Heat pumps can be more efficient, but don't work well in very low temperatures. |
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thanks fcmatt, keep selling us your coins. are you done mining onces having / asics hits?
I am going to keep mining with the gpus until diff rises much higher. The block reward halving, from the perspective of a miner, is as if the difficulty were to double. No? Sure, but if you heat with electricity anyway mining has no ongoing cost. |
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For forecasts of solar activity as well as close asteroid flybys I highly recommend www.spaceweather.com. |
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Proof of work and hashcash are not Bitcoin. Bitcoin uses a proof of work but it also uses hashing algorithms like SHA-256 which was released in 2001.
Satoshi' paper was published in October 2008 and the open source project started on source forge shortly after that. The genesis block was produced on 01/03/2009 @ 18:15:05 GMT. The 0.1 version of the reference client released roughly a week later.
You didn't know about Bitcoin in 2004. You couldn't mine Bitcoins in 2004.
+21000000 |
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I'm not sure what to do here, I don't want to see my hard earned bitcoins lose value. I usually don't think about future prices since I usually get rid of my bitcoins quiet quickly but I have quite a few now.
The way I see it if there is less bitcoins being mined the price should increase due to lower supply.
on the other hand won't a lot of miners sell all their savings if the reward halves as mining will no longer be profitable enough for them, they might see it as time to pull out of the whole bitcoin thing. So maybe there will be an initial fall in price followed by an increase in January .
That makes no sense to me. When my income decreases I tighten my belt. I don't go blow all my savings the next day. But then again, maybe I take this bitcoin thing too seriously. However, I would think miners who might make such a move would not be the type to hold many BTC in the first place. |
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Any type of magnetic storage without sufficient shielding would be vulnerable to a large enough CME. Optical storage should be fine. In such an event (on the scale of the Carrington event or larger) a large amount of electronics and infrastructure will be damaged, but there is enough hardened equipment out there to keep things running while we replace what got fried.
Long story short, backup your private keys on CD/DVD and it wouldn't hurt to archive the blockchain and source code too if you don't want to rely on others to do it for you.
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If everyone had that kind of attitude (I won't believe it's possible until it is fully commercialized) we would still be riding horses to work. The inability distinguish between magic and science displayed in your comment is why we haven't seen as much technological advancement as we otherwise could have. Um, wtf are you talking about. I made no such comment as far as I can see. |
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Except for the once-a decade cold fusion hoaxes. Can't go without mentioning them But look on the bright side, if the trend holds you can buy thorium reactors from China by 2022. I'm sure there are lots of hoaxes, but that's only noise to bury the real findings that scientists have made during the same period. Anomalous energy from hydrogen somehow reacting with nickel to produce copper is a fact. The main questions are: how does it happen? And how can a reactor based on it be designed so the energy is actually usable and not minuscule? Hydrogen-nickel fusion without big accelerator? Bullshit. I won't belive it until I'll se a working power plant with my own eyes. If everyone had that kind of attitude (I won't believe it's possible until it is fully commercialized) we would still be riding horses to work. |
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Is it really down?
Two posts above yours: What is the lesson we learned from the title of this thread and the past two weeks of bitcoin price?
We learned that SR was down for only two days and the majority of this thread is a waste of disk space and bandwidth. |
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*correciton
3 1/2 days
is @http://bitcoinclock.com/ the exact date and time or is it estimated? TIA Estimated. It happens at a particular block number. |
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i love these loooow volume rallies Accumulation has already happened. just wait 'til the real volume comes. you ain't seen nothin' yet. I smell a bear trap in the near future  . |
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i love these loooow volume rallies Accumulation has already happened. |
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I'll say silver, just because it's been around a lot more than Bitcoin.
That's like saying "I'll say horses just because they've been around a lot longer than air planes or cars" Horses are way up. B.S. A friend put an ad in the paper looking for a free horse and had 12 horses offered in less than a week. Hay is way up and those suckers eat a lot. They aren't worth the upkeep costs unless you use them every day. |
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for the record "Pirate"/"Pirateat40" === "Trendon Shavors"
If you could refer to him by his proper name rather then his nic it's helps with SEO. The more hits "Trendon Shavors" gets on google, the more likely other who have yet to be scammed by will be kept inform of his methods.
Thanks.
I'm pretty sure it's spelled Shavers, but sure, optimize the wrong spelling. |
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What is the lesson we learned from the title of this thread and the past two weeks of bitcoin price?
We learned that SR was down for only two days and the majority of this thread is a waste of disk space and bandwidth. |
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remember that not accomplished expectations is the major risk event if the herd do believe that the price will rally and it don't rally there are big chances to go below that 2 USD low
The herd doesn't know about Bitcoin. there is always a herd If you mean people that bought at USD30, even they will be proven right. Trust me, every person that bought at $30, has sold by now. No one could've held the investment all the way down to $2 and not have sold. I know people that kept buying all the way down to 2. But he said to trust him. He doesn't want you to think for yourself . |
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I asked the 8ball:
Question: will BTC/USD rise due to block reward halving?
Answer: Absolutely!
 Tick tock... Now if only bitfloor would clear my deposit... |
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because reward is "dropping" i want to know to buy or sell bitcoin now?
 why do you not respond with real answer. not this "dick pointer" Anyone who gives you a "real" answer is blowing smoke up your ass. |
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