Hi guys, this is a Good News/Bad News situation...
First the Good News - Both the controller card and bonus miner are on there way.
Now the Bad - The lease for the miners hosting location is up and the business partner that I have been working with has lost his chance to renew. So, I'll have to find another location. I know that it was intended to offer free hosting in the beginning (which was due to an arrangement with my business partner). Since that situation has now changed, I will likely have to add a hosting fee to cover rent space once I find the proper venue for the miners and they won't be running until then. I would just temporally host them at my residence, but with the satellite ISP we have, that option simply isn't feasible.
Another bit of Bad News for those who have purchased hashing power for the EXchange - The two interns that I had working on the EXchange website recently moved on to other things. When they left they erased the EXchanges servers hard drives - along with all the backups! Almost a years worth of work lost!! I don't believe they did it on purpose, I think it was done by mistake... But 'Ouch!', what a doozy. I can tell you, I'm just sick about it and have lost allot of sleep over it. Due to this major SNAFU, the whole EXchange project is on an indefinite hold. I will be issuing refunds with a bit of interest to any SWMCHEX purchasers as soon as it is financially possible, but please be patient!
I am sorry that I have failed you guys. I feel a sickness in my gut over the whole situation, both for the GB'ers and SWMCHEX hopefuls. I will do my best to amend as I am able. Hope you can all elicit a measure of understanding and spend a meter of forgiveness... But I take all of the blame, the failure is mine and mine alone.
James
This means all that hold SWMCHEX should get a payment, correct? Not only those that bought directly through the exchange they were offered on before? |
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I personally invest into cloud mining and PoS coins. I strongly belive PoS s the future of crypto.
Make sure you find a coint with a strong community and sufficient liquidity.
PoS can be exploited just like PoW, and this has been shown time and time again. Cloud mining is an absolute scam and you are guaranteeing you are either going to limit your profit or flat out lose money by taking part. |
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1800 EUROS FOR AN OUNCE OF GOLD!
That is well over the current USD price of 1200, which is about 800 US dollars less than 1800 euros. No one could make profits trading on that whatsoever, thats close to 50% fees, which means gold would have to go up that much to break even...
Can it be that gold here is more expensive here? No, He quotes a price of $1200 an oz (31.1g), the combibars are 50g. Combibars do carry a higher premium that generic gold by a few %. https://autrading.co.uk/product/valcambi-combi-50-gram-999-9-fine-gold-bullion-bar/?cat=266&page=1This is what I was going to bring up... the weight difference. Essentially, those bars are $1929.26 in USD, which is equal to 1771.83 euros. Not far off from the 1800 euros quoted. |
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I haven't tried peerbet in years. This is a classic bitcoin gambling site I'm glad it's still up. Do you guys still have an android app? Is it still a 0% house edge?
0% house edge is on the raffle, and yes, it's still active. |
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a few years back i'm only invest in cloud mining, but now there is no investment that is so good, if there is a good investment at this time, I really want to invest
New upcoming casino's or dice sites could be a fairly good investment, or there are a few decentralized markets now out am sure when people click on to the power of them then the coins that power them will go threw the roof, who does not want a ebay type place for crypto. I have invested in a couple of altcoins as stated above and i trade a large percentage of my bitcoin which is the investment i keep most of my attention on. New sites are also risky. They can go down at any time, if they're a scam. I'd classify it as high risk, high reward. You can earn a lot but you can lose it all. |
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I can earn $50 an hour begging in the street corner
You could make $1500 an hour as a beautiful escort as well... not seeing how this is relevant here. Now you are making assumptions, if he can make $50 an hour begging in the street, he might not be too ugly, but if he would be escort worthy in beauty terms to make $1500, he would make more than $50 an hour begging? No matter how he looks, he's beautiful to someone and someone with money would see that beauty. So that's not making assumptions, it's simple statistics. |
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Not in 2015 but quite possible in the future. Right now bitcoin is practically worthless, its market cap is about three billion dollars which is mere pocket lint in financial market terms. So, there´s huge room for growth.
It would have a lot more value if people would quit stealing and hacking exchanges and other sites. The more that crap continues, the more people that are already part of the community are going to leave, and the more outsiders are going to avoid it. These people are literally screwing us all over for personal gain, and they're losing as well. |
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How to mine bitcoin with a laptop ? I don't know anything about "MINE" LOL!
Thank you very much !
That will be a bad idea I think. It will take hundreds of month to mine a btc from a single laptop. Well thank u for the reply  Hundreds of YEARS. And you'd fry your laptop within a year most likely due to running the CPU and/or GPU at maximum capacity. Laptops aren't designed to dissipate heat too well. |
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Investing $2000 is not going to make you rich over a year.
BTC is a gamble has more potential upside in shorter time span but also the risk of loosing a lot more.
Gold has a lot of potential upside due to world economy going down the shitter but whether that happens in the next 1 year or 5-10 years is up for debate. I have invested quite heavily in physical gold as I believe the price will hit $3000/oz in the next 2-3 years and $5000/oz + within 10 years. I also have the luxury of being in no rush to sell so can hold out for the right time and price.
same here, I moved part of my play money to gold and silver, but I agree that the time-perspective on this investment is rather closer to 10 years. If one looks for up to 1 year time perspective, then Bitcoin has much bigger potential of possible gains. Stops (stop loss) are however a must! I think Bitcoin has a bigger upside as well, but solely because it's currently like a business. Gold isn't a business. Gold, on the other hand, is a lot safer. So the question really boils down to high risk, high reward or low risk, low reward. |
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I can earn $50 an hour begging in the street corner
You could make $1500 an hour as a beautiful escort as well... not seeing how this is relevant here. |
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Insider trading is illegal and immoral, but it's probably the best way to generate a huge profit with minimal risk, if the guy you're talking to is a person you know and trust. Probably the best option to go for if you're trading altcoins etc., as there's lots of people on the dark net who can provide those kind of information.
regardless if its immoral or not, people do it lol its called capitalism and those who can get away with it will do it over again. Insider trading might be immoral but it is definately not illegal in all markets. Bitcoin and altcoin markets are not regulated and can thus not be under normal regulation regarding insider trading. And because of that, some people who have some solid connections to the exchanges do this, generating themselves huge profits. I would admit that if I have that some kind of connection, I would sometimes do it for the sake of profit. Not being greedy or evil, but just being practical. And to gain huge profits you even don't need insider information as such. It is enough to be able to place your bids and asks before anyone else in the order-book in a tight market like that of dogecoin. I've caught cryptsy doing just that (have snapshots of my orders being pushed further in the order queue)... I don't trade there any longer I can say that I've never experienced this. Not even once. And that includes Cryptsy and other sites. What you're probably experiencing is the server lag, which is entirely different. |
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Well, a quarter of the year is nearly in the books. Let's all take a deep breath and not think about 4 or 5 figure amounts for Bitcoin right now. Unless some of you are in a retirement home or terminally ill, we all have plenty of time to wait this thing out. Collectively, we all have to see Bitcoin not as a lottery ticket or IPO that'll go through the roof, but as the future of money. Sure it'd be fun to see the price pump to the moon, but we should think of more modest or realistic goals for 2015, like crossing 300 and staying there.  I'm with you on this. I'd like to see more like 600, though (half the ATH). With all the negativity coming towards it, it's making things much more difficult, and I'm beginning to wonder if we'll even cross and stay past 300 this year. |
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Have some fun, split your investment half and half. See how you like having some of each. Gold is fun to look at and has been around forever, bitcoin is really fun and easy to use.
Good Luck!
I would suggest splitting it also, but not half and half. I think bitcoin has more chance for a high mark up on profit to be made so buy more bitcoin, but gold will always have intrinsic worth and value being a precious metal so it will hold its value well and wont become worthless like bitcoin technically has the possibility of becoming. I'd take the opposite approach. Any altcoin can take BTCs place. In fact, they all use the same infrastructure. It would take almost no work at all for every company that takes BTC to swap over to anything else (like DOGE). There's nothing guaranteeing BTC will even be around in a couple years. Gold, on the other hand, is used in manufacturing and other things, so it has a real use and won't just disappear. |
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Really should be in OffTopic, but Mac is the safest to use with BTC applications on it. I use linux sometimes though.
What makes you think Mac is the safest? It has viruses just like any other OS. But it's proprietary, like Windows, so I'd say it's less secure than Linux still. |
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There are 3 ways to earn $50 in a month by faucets :
1. Have many active refferals
2. You always got jackpot/lottery/huge bitcoin at faucet
3. You use super-fast & automatic bot to claim faucet
But, for most people earn $50 on a month bu faucets is impossible
In others words trying to earn more than some peanuts are impossible with faucets. PS If you can find or code super fast and automatic bot and you are using it for clearing faucets there is something wrong with you. There is absolutely no benefits in finding bots to claim from faucet automatically. Most of them have hard captchas unsolvable by OCRs and a cool down time. Generally, the trick is to use one of the many services that will have humans solve the captcha for you. The issue with this is that the cost is prohibitive with faucets. You can design an AI that can read the codes of most sites, though, being that they're simple. |
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That is just plain stupud. Investing a small amount first to see how it does is the reason that most ponzis get so successful. They do indeed give a payout on the small investments and bail with the big ones.
Intelligent investors will never invest in such shit in the first place and will invest in things with real businessplan and a proven trackrecord.
Assumptions.. Who said anything about ponzis here? I was saying about any investment. From your own perspective it's always better to just put your finger in the boiling water than to jump in it. Even if it says about itself that its a legit service you can never know who is a scammer, so by default investing small amounts in something is better than large amounts. Intelligent investors dont throw around 26.000$ worth of BTC to unaccountable people, even if they promise the stars for them. Dumb investors will put their entire life savings in a get-rich-quick scheme, and then cry about it later when they lose it all. If you have a 5 M USD portfolio of cryptos that you want to invest into related businesses and services, then you won't go around doing 0.1 BTC investments... Also anonymity doesn't equal unhonesty. bitmixer.io is basically the oldest existing mixer. Or would you argue that its risky to invest money at a site that dooglus manages? Actually yes you do, because you didnt aquired that 5m $ portfolio by throwing around 26k $ on random investment sites. There are plenty of matrix sites and ponzi sites where you can throw around 26k and if you are lucky you might make some money, but thats gambling not investing. A careful investor first puts his finger in the water to see if its boiling or not, and only then jump in it. I`m not familiar with that mixer site or the owner, but this is just a general rule of thumb about investing, and its valid for any investment you make. Actually, the BIG winners are those that speculate. Those that say "x will be the next big thing" and bet big on it, watching it blow up. Places like MNST (Monster Energy Drinks), for example. |
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I guess I misused the term house edge. I just meant if you had 49% chance to double, then you have 49% chance to double, lol.
In the case, that for example, the chances of winning/losing are exactly 50/50, but you get a 99% return if you win, it's slightly more difficult to calculate, because even when you win, you haven't doubled your amount, so you'll need a
WW or WLWW or WLWLWW, in essence, you need to win twice before losing twice, while winning the first game* which is basically
1/2 * (1/4 + 1/4(1/2) + 1/4(1/2^2)...) = 1/2 * (1/4 / (1 - 1/2)) = 1/2 * 1/2 = 1/4.
*The actual chances are smaller, due to the fact that the amount lost for every L is greater than the amount won for every W, so after a certain number of iterations, you'll need 1 extra W to make up for the lost amount. In particular, after the first W, and after 99 LWs in a row, you'll end up with 100% of your starting bankroll, effectively repeating the process from the beginning.
I have to say that back in highschool I used to be a prodigy at probability, and did very well at math competitions because of it. Probability came naturally to me, and everything just made sense. I didn't need to learn it. But for some reason, my brain power is drastically weaker than it used to be, and I no longer intuitively get these concepts.
I bet there's a much easier way to calculate the above, with more accuracy. Oh well, at least my point is made.
It's also worth noting that you have almost the same chance to win 13x in a row as you do losing 13x in a row. At the end of the day, it's all really based on luck. Also, with your math, basically every win puts you at 1% below where you should be (I believe), so it would need to be 49 losses:50 wins (as long as after 99 repetitions you had one more win than loss you'd be doubled). |
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Herd and greed mentality are the main cause for investment losses. Go the opposite! Buy in when there's blood on the streets. You will need Big Balls!!  This will be yet another way to lose money (and most likely one of the quickest). What you suggest is trying to catch a falling knife. It is a fools game which ultimately culminates in your account getting wiped out. It may make you feel like a super trader, or even a hero of sorts ("buy in when there's blood on the streets"), but in reality it is the first step towards your bankruptcy... Yeah, don't just buy because others are selling. Or you'll end up holding something like Radio Shack, which has declared bankruptcy. |
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I think this entire thread could be summarized:
When people buy Bitcoins, price goes up.
When people sell Bitcoins, price goes down.
.. and OP's price "speculation" won't work.
You missed the most important one: When people buy and spend bitcoins forever, price goes upSo the net result is up When you hold 100 coins indefinitely, there will be 100 coins permanently disappear from exchanges, thus reduce the supply and increase the price. When you spend them every 3 hours, there will also be 100 coins permanently disappear from exchanges, same effect. I hope this explanation can make it easier for you to get the picture Or people will simply say "$10000 a coin? Nope. Guess I'll just use my credit card." It's all theoretical and there's no telling what the real outcome will be. You can claim you know what will happen all you want, but the simple fact is you don't. |
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I like my Win 7, it's been pretty good for years Isn't win 7 around just for like 3 years? but yep i own it too on other computer, bit it's nowhere safe as linux. windows 7 was released "Five" years ago on October 22, 2009 and the SP1 was released ~a year after that. http://en.wikipedia.org/wiki/Windows_7i like win 7 more than 8 too. and currently using it for my main activities. I like 8 more, both from a speed and an efficiency standpoint. While I somewhat hate the Metro UI, it makes finding things a lot faster. And the systems themselves run faster with 8 than 7 (based on tons of benchmarks done by major sites). |
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