Has anyone done specific calculations on various hardware for what can be expected when the ASIC stuff comes out from butterfly labs? Their website claims that "no one will be able to mine with FPGA/GPU hardware after October."
Is this a true statement?
If they or their competitors actually do ship in October, then yes, ASICs will, in short order raise difficulty maybe 2X or more after a matter of a couple weeks. Come December 3rd (or thereabouts) the difficulty drop will cut miner payouts by half again, instantly Basically I'm wondering if I should try to sell this hardware now while I still can since the 8000 series of GPUs are due out in a week or two (not that anyone can get one then but..). I would hate to get "stuck" with hardware I can't use anymore. I'm not a game enthusiast.
I don't know the resale market but ... mining profitability is still pretty decent right now thanks to a decent exchange rate (yes, even with the weekend selloff). Depending on what you pay for electricity, you probably will get more out of milking our GPU until December than what you will gain by selling a used 7970 today versus selling it 100 days from now. |
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apparently people gave him a lot of BTC
did i miss the thread where he gained some credibility in some sense, or is everyone riding on speculation?
i even see people defending him, does anyone know _anything_ about this guy/gal?
You may have some reading up to do. Anyway, this thread is at best, in the wrong forum board. How much BTC have you lost out on because you listened to Vandroiy - http://bitcointalk.org/index.php?topic=92581.0Has anybody start to locate pirateat40? - http://bitcointalk.org/index.php?topic=102003.0Who knows pirateat40 in real life? - http://bitcointalk.org/index.php?topic=97377.0PirateAt40's Money Laundering Operations: GPUMAX and BST - http://bitcointalk.org/index.php?topic=82560.0Look at a pirate, eye to eye if you dare. - http://bitcointalk.org/index.php?topic=91252.0A Theory on what pirateat40 is doing - http://bitcointalk.org/index.php?topic=91508.0Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" - http://bitcointalk.org/index.php?topic=94900.0Hey Pirate, it's Monday....WHERE ARE MY BITCOINS ? - http://bitcointalk.org/index.php?topic=102079.0centralized post of pirate payouts or other related news to the closing. - http://bitcointalk.org/index.php?topic=101958.0How to Identify a Ponzi - http://bitcointalk.org/index.php?topic=100696.0First-Hand telling of an online Ponzi: Eve Online's Currin Trading - http://bitcointalk.org/index.php?topic=91214.0Loss of Profits, Libel, Team Ponzi and a Pirate - http://bitcointalk.org/index.php?topic=101377.0How can PirateAt40 not be a Ponzi Scheme or otherwise damaging Bitcoin ? - http://bitcointalk.org/index.php?topic=94902.0100% proof pirate runs a ponzi (thought experiment) - http://bitcointalk.org/index.php?topic=91779.0How to recognise a ponzi scheme - http://bitcointalk.org/index.php?topic=91643.0The Ponzi Scheme - http://bitcointalk.org/index.php?topic=91607.0I've said pirateat40 was running a ponzi - http://bitcointalk.org/index.php?topic=101461.0PirateAt40's Money Laundering Operations: GPUMAX and BST - http://bitcointalk.org/index.php?topic=82560.0Putting your money where Pirate's mouth is. - http://bitcointalk.org/index.php?topic=91661.0The sorry and thank you Pirateat40 thread - http://bitcointalk.org/index.php?topic=101345.0[GLBSE] Pirate Pass Through Bonds! - http://bitcointalk.org/index.php?topic=76594.0pirateat40's end game (Thread 1) - http://bitcointalk.org/index.php?topic=77457.0pirateat40's end game (Thread 2) - http://bitcointalk.org/index.php?topic=77889.0My 10,000 BTC bet on Pirate - http://bitcointalk.org/index.php?topic=97094.0Pirate Warned Us - http://bitcointalk.org/index.php?topic=101844.0Anybody know who pirateat40 is ? - http://bitcointalk.org/index.php?topic=101631.0So what if Pirate does not pay back, he has a full weekend to dump... - http://bitcointalk.org/index.php?topic=101503.0Could the sell-off have been caused by pirate cashing out? - http://bitcointalk.org/index.php?topic=101538.0I have made a 25% return this week trading *against* the pirate - http://bitcointalk.org/index.php?topic=94708.0#bitcoin IRC log: A pirate leads a flock of sheep over a cliff. - http://bitcointalk.org/index.php?topic=93746.0Pirate Squeezed? - http://bitcointalk.org/index.php?topic=93628.0How protected is the GLBSE from a pirate default? - http://bitcointalk.org/index.php?topic=86853.0BITCOIN SAVINGS & TRUST - Just when you thought Bitcoin was instant.... - http://bitcointalk.org/index.php?topic=101152.0BS&T -- Are you staying or leaving? - http://bitcointalk.org/index.php?topic=91306.0BS&T bank run - http://bitcointalk.org/index.php?topic=101382.0I believe theses quotes should now kill BS&T. - http://bitcointalk.org/index.php?topic=91655.0Mods: Keep your opinions to yourself (split from BS&T Home thread) - http://bitcointalk.org/index.php?topic=91389.0Other People getting PMs from Vandroiy Discouraging Investment in BS&T? - http://bitcointalk.org/index.php?topic=92556.0BTCS&T – Why many people here are massive scammers and suckers - http://bitcointalk.org/index.php?topic=91552.0BullShit Trust. It is the beginning of the end. - http://bitcointalk.org/index.php?topic=101167.0TyGrr BTCST sub accounts! (Pirates Bank) - http://bitcointalk.org/index.php?topic=91370.0How Large is BTCST exposure? - http://bitcointalk.org/index.php?topic=98225.0#BTCST Updates. Latest: 10:06PM EST - http://bitcointalk.org/index.php?topic=102107.0The gauntlet has officially been thrown down by Trendon Shavers aka. pirateat40 - http://bitcointalk.org/index.php?topic=102327.0Bitcoin Savings & Trust - Money Returned List (zero Monday, none reported Tues). - http://bitcointalk.org/index.php?topic=101942.0[ANNOUNCEMENT] PIRATEAT40 and BTCST HAS DEFAULTED!] - http://bitcointalk.org/index.php?topic=102106.0It's Tuesday now, seems nothing will happen. - http://bitcointalk.org/index.php?topic=102117.0If Pirate Runs: The Danger of one entity with 500K BTC - http://bitcointalk.org/index.php?topic=102184.20Pirate paying back investors within a week OR two? - http://bitcointalk.org/index.php?topic=101599.0I'm giving 100% ROI away to anyone who thinks pirate is a fraud - http://bitcointalk.org/index.php?topic=101751.0So now that Pirate is closing BTCST... - http://bitcointalk.org/index.php?topic=101379.0why do people trust pirate? - http://bitcointalk.org/index.php?topic=102339.0Other media: Ponzi schemes: The Danger of High Interest Savings Funds - http://bitcoinmagazine.net/ponzi-schemes-the-danger-of-high-interest-savings-fundsThe Bernie Madoffs of Bitcoin? As market heats back up, virtual hedge funds claim fantastical profits - http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trustBitcoin Savings & Trust – Genuine or Joke? - http://bitcoinmagazine.net/bitcoin-savings-trust-genuine-or-joke/Bitcoin discovered by high yield investment program (HYIP) operators - http://www.bitcoinmoney.com/post/28473024447 |
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So... maybe you could get a lien on his dividends
Perhaps I'm missing something (and please point out where that might be if I am), but on what plane of existence do you believe that a judge sitting on a government court would agree with you that because you traded bitcoin credits for "shares" in a cyber equity (i.e., not registered as a corporation) that you would have any claim against future income from a person or other company? |
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I received an inquiry by an individual who says the service "appears to be down". I've not accessed it myself. Can anyone confirm that the site is accessible and / or that access to funds (withdrawals) is still possible?
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What do you have so against people trying to buy Bitcoin with Moneypak?
What does Green Dot (MoneyPak's issuer) have so against people trying to buy Bitcoin with Moneypak? 1.) Never give your MoneyPak number to someone you don’t know.
2.) Never give receipt information about your MoneyPak purchase to another party.
3.) Use your MoneyPak only to reload your prepaid cards or accounts you control.
[If you give your MoneyPak number or information about the purchase transaction to a criminal, Green Dot is not responsible for paying you back.]
- https://www.moneypak.com/ProtectYourMoney.aspxSo Green Dot recommends (strongly) against making this type of trade. In addition to the simple fraud in which the bitcoins are never delivered in exchange for a MoneyPak, there is a more complex faud. MoneyPaks are bearer codes -- whomever knows the code can spend (or sell) the code. These codes get siphoned from websites that accept bitcoins but aren't secure. There are a number of other methods as well: - http://www.wivb.com/dpp/money/4_your_wallet/woman-loses-1000-on-walmart-moneycardAbout the only way the person accepting the MoneyPak code can have a halfway decent chance of knowing the MoneyPak can be successfully redeemed is to have the receipt showing the card was purchased, with a cash payment. This offer didn't suggest that a receipt showing the purchase would be provided as well. Why should people pay higher fees with bitinstant? The fees are pretty comparable, but I can see how transacting person-to-person using MoneyPak can be cheaper: To use BitInstant at a Moneygram location (the most expensive method), entering $100 actually gets just $96.01 after the 3.99% fee. After the $3.95 Moneygram/zipzap fee, the amount paid is $103.95. That is an 8% fee, overall. Then you still need to buy the coins at an exchange. So add another 0.6%. To use MoneyPak person-to-person: a $100 gets a $4.95 charge totalling $104.95. Thus the fee is 4.95%. Since you are trading over the counter, there is no exchange fee. So the fee is half, using this method -- you saved $4. And the counterparty saved by not having to trade at the exchange either. I sell for moneypak all the time
The OP didn't list previous trades and didn't offer to send bitcoins first. Again, MoneyPak is a non-reversible payment method so both sides are at risk of getting cheated. A trader wishing to do frequent trades might consider registering on the #bitcoin-otc Web of Trust (WoT). This would at least then lessen the risks of doing a trade using these non-reversible payment methods. - http://www.Bitcoin-OTC.com - http://bitcoin-otc.com/viewratings.php |
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Im after an easy way of buying bitcoins. im only after like £20 worth at the moment. How do i get them. most sites ive looked at take a while and look dodgy. Plus most of them only do USD. i need GBP.
You can deposit cash (GBP) at Barclays for credit to your Mt. Gox account. There is a pretty small fee , but it is one method. You can also send cash (GBP) in the mail to Bitcoin Nordic (in Denmark): - http://www.BitcoinNordic.com And, or course, there may be chance for a local trade: - http://www.LocalBitcoins.com |
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Velocity of money is the frequency with which a unit of money is spent on new goods and services. It is a far better indicator of economic activity than GDP, consumer prices, the stock market, or sales of men’s underwear (which Greenspan was fond of ogling). That could easily be plotted with bitcoin as well, but it wouldn't show much. Here's the total output. So yesterday was the record, 9.6 million coins were in transactions (so out of 9.7 million coins issued there was nearly a 100% daily velocity.)  - http://blockchain.info/charts/output-volume?showDataPoints=true×pan=allThe reason this doesn't mean much is there wasn't necessarily any economic activity occurring. Mixing coins just switches which pocket the coin lands in. |
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A couple members have sent me the proper info to send them money via Dwolla, but every time I try to pay them I'm STILL getting a message with 30 day wait period needed. What the hell!? Can someone help me out here, or did Dwolla go full retard and won't let me send money anywhere without waiting 30 days?
It's probably not you, it's them. Dwolla initially was putting new accounts such as you on a 30-day probationary period where funds cannot be sent to to a risky counterparty, such as a bitcoin exchange. What possibly happened is that the party you are attempting to trade with does a lot of trades and as a result falls into that high risk classification. Perhaps you can find another party that hasn't recently used their Dwolla account for trading? Here's a forum thread where you might find a trade: - http://bitcointalk.org/index.php?topic=78512.0 |
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(a few other posts of little substance / full text here: http://www.bitbin.it/MKzYy6Bi ) [/i] [2012-08-20 18:07:26] <pirateat40> Today is the start of a busy week guys, i'd love to answer all the 200 pm's but can't. I'm around and you'll know when things start to move. [2012-08-20 18:07:30] <pirateat40> pirate out So far, spot on: One thing I am looking forward to see is how, once ponzi collapses, some/many of it's victims will defend pirate and his lieutenants and blame everyone else but them. http://en.wikipedia.org/wiki/Stockholm_syndrome . I have a hypothesis, this it what will happen, now gotta wait and see if practice will validate the theory. perhaps it will be a slow, extended flameout? week 1: "it wasn't a ponzi that collapsed. the funds are all still there, just that bs&t doesn't have access to them until [some future event] occurs." week 2: "we aren't getting interest anymore but none of our funds were lost. just waiting for the green light to withdraw!  " week 3: "i sure hope pirate is ok. he hasn't updated anything. his 5k went to charity already so that was unexpected." week 4: "with all these angry people, i'ld remain incommunicado as well. wouldn't you?" week 5: "there's still no evidence it was a ponzi you guys! fud fud fud that's all you do." week 5: "it couldn't have been a ponzi. he was making 10% profit every week, people were getting their payments, every week!" week 6: "how the hell did he get hacked? fml! well, at least that proves it wasn't a ponzi!" week 7: "why did i keep rolling over the payouts? i would only be down 65% instead of it being a total loss. dumb dumb dumb!" week 8: "someone should have kept his wine glass in vegas, they can get dna from that you know." |
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Typically when the DOJ/Internet Police seize a website it is usually just the domain and not the servers. This is why bookies like 5dimes.com continue to operate at their .eu address.
True, but like I said, a considerable amount of corporate goodwill is going into the domain name. The expectation of growth is based on advertising the SatoshiDICE.com brand (and URL) and also in print media. There's a silver lining in every cloud. How many people had no idea there was a Full Tilt Poker or Pokerstars until Black Friday 2011? You can't buy publicity like that. This service could be operated all from a laptop from some cyber cafe in some developing nation if need be. So a takedown of the .com would cause not a single wager to be lost and would be a minor hiccup before its customer base resumes using a new domain. [Update: This is for those who use learn to use the service using the website. Again, wagering for existing users could continue without a domain name at all. If the hosting were disrupted, even though wagers aren't stopped -- payouts would be delayed until failover to an alternate comes back online.] That is what is so revolutionary about this -- the bitcoin blockchain is both the deposit funding and cash-out system as well as the accounting and compliance system and the source of a seed for each bet's random number generation as well. The website is only informational and valuable primarily for marketing. Now the biggest threat to SastoshiDICE investors is the one already mentioned -- the Groupon problem. There's nothing to stop copycats that deliver something similar. SatishiDICE has value because the existing alternatives to real money online gambling pay out 95%, or 92% etc. SatoshDICE today pays out more than 98%. That is provable by looking at the blockchain. However, if there is this much profit in it, there is incentive to build a competing site that offers 99% payout. (BitLotto is another blockchain-based wagering service that offers 99% payouts now for its monthly lotto draw, for example). And if that is profitable, there is no reason there won't be another competitor that offers 99.5% payout. |
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We haven't sent any money back yet, and that's why we're posting here in order to try and get all the coins back to the right people. We're certainly open to other solutions, but we have to send the money back somehow.
Probably the approach necessary will be to have anyone that wishes to have the funds refunded send to you a signed message proving they truly are the owner of that address. The bitcoin-qt client suports this -- you simply pick one of the adresses that the transaction was from and do Sign Message. Anyone can then verify. And if they do that, you might as well just ask them for identity and just keep the payment if that's provided. For any donations you do not get a refund requrest from then should NOT be returned, as is described above -- many refunds will not likely go back to the intended recipient (the person that sent the funds in the first place). The options for those unclaimed funds might include donating them to some charitable or apolitical purpose then. But returning them to the sender's address, without that sender verifying ownership, will cause a number of people to become surprised with the free bitcoins that land in their wallet, and the rest of the coins will be commandeered by the EWallet operators as they have no intended recipient. |
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