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5341  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Gcoin (aka Googlecoin) who wins? on: April 04, 2014, 02:20:04 PM
How will this affect bitcoin?

What does bitcoin have that Gcoin does not?

Does this spell the end of bitcoin or a new beginning because there is now more robust competition?

Have they confirmed they are creating a GCoin?



Yes it launched last night.

http://www.dcmagnates.com/google-launches-gcoin-in-bid-to-enter-crypto-space/#comment-456



Check the date dude.  It's a hoax, man.
5342  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Gcoin (aka Googlecoin) who wins? on: April 04, 2014, 02:17:16 PM
Link or it never happened.

Google search(ironic) comes up zilch for Google coin.
5343  Bitcoin / Hardware / Re: [Antminer S1 Sales open] Price changes daily, now 0.893 BTC for 180GH/s on: April 04, 2014, 01:25:09 PM
I FINALLY get enough btc to buy another from bitmaintech and they're outa stock...

Sushi-review has them in stock for .956 btc...
Is it safe to buy it there?


Be very wary, I've ordered from Sushi before, but I hear his service and communication has gone downhill.

At least that's how it looks from his Thread pages.
5344  Bitcoin / Bitcoin Discussion / Re: Bitcoin mentioned on Colbert Report on: April 04, 2014, 04:02:12 AM
Dam that was quick!  I still like the Daily Show one with Jon Stewart:

http://recode.net/2014/02/28/bitcoin-and-bankrupt-mt-gox-get-the-jon-stewart-treatment/


I'll take any exposure at this point.   Smiley
5345  Bitcoin / Bitcoin Discussion / Re: What percentage of your wealth is in Bitcoin? on: April 04, 2014, 03:53:56 AM
About 10% at the moment.  Hope to add more!   Cool
5346  Bitcoin / Mining speculation / Re: Is profit possible with mining if just starting out now? on: April 03, 2014, 07:20:27 PM
Ninjatech, 112 bit, etc. All have antminers IN-HAND. Nuff said.

According to a profitability analysis I just conducted on Coinwarz, the TerraMinerIV is 20x more efficient than the Bitmain Antminer Dual Blade S1, yielding 0.2 BTC per day vs. 0.01 BTC per day. The Antiminer is available from their website right now for $786.00 each. In order to match the output of the TerraMinerIV you would need to order 12 Antiminers which would cost roughly $9800. I can beat that price, plain and simple. Please message me if anyone wants more information or a quote.

Ross G. Rauschenbach
Sales Associate
Cognitive Capital

The Antminer S1 is 0.893 BTC or $400 at current BTC price.  The Antminer S1 can be overclocked to 200 GH/s easily.

The Cointerra TerraminerIV isn't 2 TH/s it's actually like 1.5-1.6 TH/s on a good day.  It's retail price is $6000

So 8 Antminer S1s would equal or exceed the TerraminerIV at a price of $3200+PSU's.

If electrical costs and power isn't an issue, it's a no brainer.  Antminer wins going away.



It retails at $6000 for a pre-order which won't be delivered for 2-3 months at least. I can express deliver and allow you to start mining now, hence the added cost for our rigs. Price is negotiable, especially for bulk orders.

Where are you getting your hash rate figures? A 500 GH hole is pretty big. Could you explain where you got that data because I feel its inaccurate. No offense or anything, I just believe in my product.

Cointerra haven't addressed this issue yet:

cointerra.com/update-engineering-production-status/

Believe an upcoming firmware is supposed to fix this issue....or not.   Tongue

Most of the forum posters here report back with around 1.4 TH/s - 1.6TH/s mostly.  Search around here, you'll see I'm right.

Don't believe in your product too much, it undelivers hashing power and overdelivers watts at the wall!   Grin
5347  Bitcoin / Mining speculation / Re: Is profit possible with mining if just starting out now? on: April 03, 2014, 05:10:22 PM
Ninjatech, 112 bit, etc. All have antminers IN-HAND. Nuff said.

According to a profitability analysis I just conducted on Coinwarz, the TerraMinerIV is 20x more efficient than the Bitmain Antminer Dual Blade S1, yielding 0.2 BTC per day vs. 0.01 BTC per day. The Antiminer is available from their website right now for $786.00 each. In order to match the output of the TerraMinerIV you would need to order 12 Antiminers which would cost roughly $9800. I can beat that price, plain and simple. Please message me if anyone wants more information or a quote.

Ross G. Rauschenbach
Sales Associate
Cognitive Capital

The Antminer S1 is 0.893 BTC or $400 at current BTC price.  The Antminer S1 can be overclocked to 200 GH/s easily.

The Cointerra TerraminerIV isn't 2 TH/s it's actually like 1.5-1.6 TH/s on a good day.  It's retail price is $6000

So 8 Antminer S1s would equal or exceed the TerraminerIV at a price of $3200+PSU's.

If electrical costs and power isn't an issue, it's a no brainer.  Antminer wins going away.

5348  Bitcoin / Hardware / Re: AntMiner S2 1TH/s Miner (1w/GH/s) on: April 03, 2014, 05:00:39 PM
Great pics gigavps!  What's the noise like for the S2?
5349  Other / Off-topic / Re: fantasy football on: April 03, 2014, 04:55:46 PM
Everything about it.  Could have executable mini payouts throughout the season.

This is a super sweet idea...it demands software to support cryptocurrency transactions being carried out depending on league results, fully automated.

Definitely.  You can have prop or side bets with eachother too, and have the commissioner hold the bet amount in escrow.

Alot of possibilities.
5350  Other / Off-topic / Re: fantasy football on: April 03, 2014, 04:39:22 PM
I don't know what that means?   Huh

But if you're setting up a fantasy football pool in BTC, I'm in!   Cool
5351  Bitcoin / Mining speculation / Re: Do you think AMD/Nvidia/XXX brand here will release mining "optimized cards?" on: April 03, 2014, 04:33:43 PM
Sure, might as well spinoff a mining division.  Biostar already has a motherboard miner:


http://www.biostar.com.tw/app/en/news/news.php?S_ID=194


AMD is already the defacto cards for Scrypt mining, might as well make an ASIC.  I'd bet they'd be better at it than BFL too!
5352  Bitcoin / Bitcoin Discussion / Re: Cash is King? I don't think so. on: April 03, 2014, 04:23:01 PM
Sorry $76 wire charged from Wells Fargo to Bank of America in St Louis.  Just checked my checking acct:

Quote
12/30/13   
ONLINE TRANSFER FROM  WAY2SAVE SAVINGS 2 BLACK ARROW PROSPERO X1 BITCOIN MINERS
$780.33   

The wire was for 2 Black Arrow X-1 miners at $704, so the rest is the wire charge.
To be honest, $76 for a domestic wire is a total rip off. I can't imagine it being 2.5x higher then what the brochure I linked states. If the $45 or so is important to you, I would inquire as to why the fee was so high.

Not sure, they said it was standard fees for bank to bank(non Wells Fargo).

It is what it is, maybe they don't play nice with Bank of America.
5353  Bitcoin / Bitcoin Discussion / Re: Cash is King? I don't think so. on: April 03, 2014, 03:54:52 PM
As much as I don't love banking, I don't think Wells Fargo is a scam bank.  $80 is standard there.

I don't think you know what you're talking about.
$80 sounds high unless maybe you were wiring a small amount in a foreign currency. The normal fee for domestic wires at wells is $30*. $25-$35 is pretty common for domestic and maybe $35-$50 for international. International wires in a foreign currency may be more expensive depending on the exchange fees being charged.


*See https://www08.wellsfargomedia.com/downloads/pdf/online_disclosures/FEE/EN/FII.pdf page 49.

Sorry $76 wire charged from Wells Fargo to Bank of America in St Louis.  Just checked my checking acct:

Quote
12/30/13   
ONLINE TRANSFER FROM  WAY2SAVE SAVINGS 2 BLACK ARROW PROSPERO X1 BITCOIN MINERS
$780.33   

The wire was for 2 Black Arrow X-1 miners at $704, so the rest is the wire charge.
5354  Economy / Service Discussion / Re: Coinbase declares bitcoin currency on: April 03, 2014, 03:21:17 PM
Props to Coinbase, they run a tight operation and are probably the easiest way to buy Bitcoins.  Can't say LocalBitcoins, because everyone jacks up the price ridiculously.
5355  Bitcoin / Bitcoin Discussion / Re: How did we let this happen? on: April 03, 2014, 03:12:57 PM
Is bitcoin value (not necessarily price, although many seem to use that) higher or lower than when it began? Has the average value continually increased? Are there more people/businesses using bitcoin?
/end thread

You would've thought the CEO of BitCom offed himself, Gox stole all the Dogecoins, and Karpales took a dump in the ocean with all these reactionary sheep.

Think for yourselves for once, don't believe everything that comes out of media, government, and financial institutions as complete truths.

Remember these so called people in charge bailed out those corrupt bastards on Wall St.

These so called people in charge have a trillion dollar deficit, and basically your kids kids are screwed royally.  Retirement at 80 baby!

Not saying to break any laws, but do some research for yourself, and don't believe the talking heads on the TV screen.

Warren Buffett, hahaha.  Great Billionaire investor, doesn't even know how to use a PC.  Even the great dinosaurs went extinct...
5356  Bitcoin / Mining speculation / Re: BTC Mining on: April 03, 2014, 02:53:00 PM
At today's BTC prices don't bother.  When it's low like this, just buy and wait it out.

When BTC goes above $600 again, you can invest in mining, but buy miners in fiat not Bitcoins.
5357  Bitcoin / Hardware / Re: [Antminer S1 Sales open] Price changes daily, now 0.893 BTC for 180GH/s on: April 03, 2014, 02:02:27 PM
Does anyone think these will be back anytime soon?


If btc clear 600  Roll Eyes

The S1s are a bargain in fiat terms, $386!   Cheesy

In BTC, not so much.... Cry

S2 even more so . Sad
5358  Bitcoin / Bitcoin Discussion / Re: Cash is King? I don't think so. on: April 03, 2014, 01:56:36 PM
You can wire transfer people money much easier then that.

You can even do it for free if you have certain business bank accounts (100K+ min balance ofc)

Did a wire transfer from one bank to another bank a few months back, the charge was like $80 or something and took 3-5 days.

Nope, don't share your sentiment.  

I did a wire transfer once. Wired like 25K, the charge was $25 and took < 1 hour.

Bitcoin isn't fee free.

You have to convert $$ into bitcoin, send bitcoin, then the receiver has to convert bitcoin into $$.

That process can take weeks.

Coinbase has instant buys.  As soon as I click buy, I get Bitcoin.

Transferring to another wallet address takes a few minutes, maybe an hour or so.

Depending on how the other person wants to convert BTC to fiat and their institution, it could take minutes, hours, or days tops.

It doesn't take weeks, not sure if you've ever done a Bitcoin transaction before.



Ok, coinbase charges a huge 1% fee (that's big in the currency transaction world. Trading between USD/EUR for instance, costs you a few pips at most). That's on top of the bid-ask spread . So if you're sending 10K, that's $100 for their fee alone. And I don't think you can instant buy that much.

$1 for $100 is huge now?  That's nothing compared to a Wire Transfer fee.  I paid $80 just to wire $800.  By my math that's 10%.

Not a Mickey mouse bank either, Wells Fargo, the biggest bank in the US.

By the way my daily buy limit on Coinbase is $50,000.

Yeah, well, I would only wire transfer money if it's a large amount. Like > 10K.

And you got scammed if you paid $80 to wire transfer money. Typical outgoing wire tx fee in the US is around $25 for domestic, $40 for international. $25 out of 10K is .25%.

There's other ways to move money around that has less fees. Like you could use chase quickpay, which is free. People use wire transfers because they are very hard to reverse. If the recipient trusts the sender there's plenty of low cost ways to move money around.

The OP was talking about moving around a fairly large amount of money.

As much as I don't love banking, I don't think Wells Fargo is a scam bank.  $80 is standard there.

I don't think you know what you're talking about.
5359  Bitcoin / Bitcoin Discussion / Re: How did we let this happen? on: April 03, 2014, 01:54:12 PM
OP is clearly a troll. Although news on CNN with "experts" are making the same points. So are those knowitall news anchors with their experts trolls too? Or they are just ignorant?

If you're on Bitcointalk, you should know the answer to this already.

I'll give you a hint, it's the opposite of knowledgeable.    Wink
5360  Bitcoin / Hardware / Re: EMPBitcoin 2TH/s Miner - Escrow Only [No Preorder] on: April 03, 2014, 01:50:53 PM
Translation:
- No pick-up at Pittsburgh office
- Pick-up available at the LA office

Can the senior member confirm that he has a tracking number for the delivery?

OP clearly states delivery from Pitts and LA.

Pickup is LA in "a few weeks".  By then they'll be "sold out" or at least well into the order taking phases.

Watching, but from a distance. 

Office building surrounded by warehouses can ship parcels, but doesn't allow local pickup. 

OP can send a miner out to a trusted member, but posts no evidence of its existence.

Something doesn't sit well here.

How can you gain trust when you show no transparency?  Show us what you got or hit the road.
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