i finally get my cousin's in law attention to BTC and he is now asking me how to use it and how to earn it i said to him that this time is probably the right time to buy it since its crashing down also i was shock when he ask me how much is the mining rigs cost now and how to set it up  seems my day will be much more intrested than before Don't let him mine, it's not worth it at the moment. Just Buy and HODL. |
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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. |
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Just order from Ninjatech, 112bit, or Minersource if you want an Antminer.
They should have stock.
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I've got to admit that miner looks real and i love to be able to use it in PC like a GPU
How would you use it like a gpu? Unless your video games run exclusively on sha256 hash have fun pal. I'm talking about all the fun tinkering with your everyday pc equipment. With an asic machine you are as if buying a dell PC. I'm PC modding enthusiast, i think i like it more than gaming itself. So with this form I can mine and have fun building a PC at the same time. That's kind of expensive fun, man. Especially if most people have to wait a year plus for that fun. |
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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. |
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So does it mean my calculations are right? They show the rigs won't be able to pay for their own electricity as soon as August!?
I really hope they are dead wrong, but I really couldn't come up with anything better... Otherwise, we were really hurt by the two months delay...
You're a little late to the party, but yes your calculations are probably right. If you're still in it with BA, you're here for the pretty little pictures and boxes that'll make a nice conversation piece when it finally arrives(if). Should've loaded up on Bitmain Antminer S1s last year. Everyone that's bought an Ant from last year November or December has pretty much ROI'd already. Still very attractive at $1.91/GH/s. |
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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. |
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Answer me this then. Why did the founder of Ripple jump ship to Bitcoin? That's like Gavin going to work for PayPal. |
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Ripple's value is the network. XRP is just a token like a plastic poker chip. It's not supposed to be worth anything. Maybe Bitcoin is plastic poster chip too except some folks are crazy to pay $400 for 1BTC
My bet is that Ripple will become more mainstream than BTC as a crypto. Almost every economist, banker, financiers, gov regulator agree that crypto's value is in transmission not currency.
Betting on BTC is betting that BTC will replace fiat. No way this happens unless some catastrophic event occurs. I can see BTC becoming like torrents. Used by a niche crowd but can't become mainstream b/c too much negative stigma
Go ahead bet on Ripple I dare you Lol. I personally don't think BTC will replace Fiat in the short term at least. In can Co exist together. Having options isn't a bad thing right? |
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One trick pony would be a very good description of tha Interwebs in the mid-90s (i was there, i thought it was crap).
Send mail, look at very slow porn, get disconnected every 5 minutes, have a telephone bill like the GDP of Cuba.
Now look at us....
Even though I'm not the worlds biggest BTC fan, I'm pretty sure that Bitcoin is here to stay and I'm hodling my few BTC. And I'm gonna buy some more when it dips under $400.
Look on this dip as an opportunity, not a disaster.
BTW: I recently spent €200,000 on a pile of bricks and wood, arranged in a sort of cave like structure...was that a good idea ?
To each his own on where they put their money. I will never put money back into Bitcoin, for a multitude of reasons and I will never tell anyone else to invest in Bitcoin. From a long-term investment standpoint, I see much better options. But that's me. No feelings hurt. True or False, Marc Andreesen has more skin in the Bitcoin game than Ripple? Hey is Ripple XRP? http://rippleprice.com/Is that the price!!! That's pretty pathetic dude. Pot calling the kettle black? Have you looked at the Bitcoin price lately?  How many cents is that for XRP or Ripple? Yup, to each their own. If you see Bitcoin strictly as an investment vehicle and not as innovative, burgeoniing cryptocurrency, good luck to you on your XRP investment. BTW...127 XRP to make one dollar. Dam having Unobtainium is better than XRP. |
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So do you actually need a motherboard or host computer for this thing to work?
If so, that seems retarded.
Yes. Well considering you could put 6 of these together (assuming spacing with risers and your mobo supports) that's pretty nice. It allows you to scale well as well. But since these are never shipping, it doesn't matter  Supposedly you can also use the USB connectors, so you don't need to go back to building 2011-style contraptions with motherboards, risers and GPU-shaped devices hovering above. That's what I'm thinking too! I thought those mining with your motherboards with a trillion cards days are long gone. BFL still living in the past, ASIC era now is all about racking them up in a datacenter in a thin form factor like Spondoolies Tech. Still don't know how Spondoolies fit all that hashpower effectively in 1.25 U form factor, but hey I guess that's what you get when you get a bunch of Intel, Google, Nokia guys together to make a kick ass ASIC!  BFL still making mining PCIe x1 cards...LOLOL |
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Hey...does anyone have a link to the thread about the rules of the signature, and what levels you need to be at to change the color, size, font, etc... I can't find it..
Change color at Full Member, edit sizes and fonts at Senior and Hero. |
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If Ripple so innovative why isn't it receiving the backing and support that Bitcoin is getting? Why isn't Ripple users getting warned, or why aren't they getting taxed, or why isn't Governments trying to get it regulated. There's a reason why...Ripple isn't going anywhere! Stop trying to mention Ripple in Bitcointalk, it isn't getting you anywhere. On second thought, it isn't getting itself anywhere either!  It's probably why Jed McCaleb abandoned Ripple's ship... Oh, I see I've hurt your feelings. Certainly wasn't my intention but truth has a tendency to do that. But you're right, who am I to spout such things. Just some random forum poster. Marc Andreessen seems to think Ripple's a good investment. Maybe you've heard of him.  And this guy, VP of the Federal Reserve of St. Louis has couple of modest things to say about Ripple. “Ripple is a currency-agnostic protocol. Ripple is the winner. It processes anything. It’s quite possible this ruling benefits payment processors, rather than virtual currencies.” http://www.coindesk.com/federal-bank-vp-bitcoin-threat-means-banks-must-adapt-die/http://aworldofcurrency.com/?p=1919No feelings hurt. True or False, Marc Andreesen has more skin in the Bitcoin game than Ripple? Hey is Ripple XRP? http://rippleprice.com/Is that the price!!! That's pretty pathetic dude. |
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I can't see the rates increasing much more Well with BTC slipping and more campaigns starting, I think we may see 0.002+ in the near future. As long as BTC price keeps going down, the Ad campaigns will have to continue to adjust rate structures. Same as if BTC price skyrockets, I'm sure they'd lower them a bit. |
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If Ripple so innovative why isn't it receiving the backing and support that Bitcoin is getting? Why isn't Ripple users getting warned, or why aren't they getting taxed, or why isn't Governments trying to get it regulated. There's a reason why...Ripple isn't going anywhere! Stop trying to mention Ripple in Bitcointalk, it isn't getting you anywhere. On second thought, it isn't getting itself anywhere either! It's probably why Jed McCaleb abandoned Ripple's ship... |
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Didn't Marc Andreesen also invest in Coinbase? Didn't Marc Andreesen recently put the smackdown to Warren Buffett, in defense of Bitcoin. Didn't the creator of Ripple, Jed McCaleb, leave Ripple to work on a secret Bitcoin project? Isn't it year 5 of Bitcoin. Didn't it take the Internet decades before it was finally widely adopted?
LOL sorry dude. Ripple's not doing anything, Bitcoin's fine and always will be. Just needs time to grow.
One...trick...pony. Maybe better to compare it to AOL or something like that. Not the whole internet. How is it one trick pony though? Isn't it a currency, protocol, payment method, distributed ledger, all rolled into one. The internet has some of the same qualities. TCP/IP v4 anyone? When is that getting replaced? Because the internet is useful in a multitude of ways. Bitcoin just sends and receives Bitcoin. Maybe comparing it to email would be better but even then, we're talking about pre-SMTP email because it can only send to one wallet type. Bitcoin. So it's like a pre-federated email. I'm not knocking Bitcoin per se, just the reference to comparing it to the internet. It will never be as useful in so many ways as the internet. Even if you could dream up the ways, the blockchain could never handle it. Better tech will arise from the proof-of-concept that Bitcoin is but Bitcoin will never be on an "internet" level of functionality and usefulness. It's just a single currency/commodity with one main function. I'm almost surprised this has to be explained. Almost... What better tech do you speak of? Ripple LOL? Have you ever considered Bitcoin could be used in an election one day? Can you send Gold or Silver to someone else around the world easily in minutes? I guess you can Paypal or Western Union it but that's if you like dealing with fees. |
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Wow, looks like I picked the right campaign afterall. Hope I make Senior or Hero one day... |
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Well sorry to say, but Ritz dropped the BOMB on you PD'ers: NEW RATES EFFECTIVE TODAY!!
New rates for April
Hero members, we will pay you:
0.0011 BTC Per constructive post. 50 posts min per month.
NOT spam. NO rubbish posts (we do check) max 3000 posts per month.
Sr member, we will pay you:
0.0009 BTC Per constructive post. 50 posts min per month.
NOT spam. NO rubbish posts (we do check) max 3000 posts per month.
Full Members We will pay you:
0.0005 BTC Per constructive post. 50 posts min per month.
NOT spam. NO rubbish posts (we do check) max 3000 posts per month.
Members We will pay you:
0.0003 BTC Per constructive post. 50 posts min per month.
NOT spam. NO rubbish posts (we do check) max 3000 posts per month. |
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Didn't Marc Andreesen also invest in Coinbase? Didn't Marc Andreesen recently put the smackdown to Warren Buffett, in defense of Bitcoin. Didn't the creator of Ripple, Jed McCaleb, leave Ripple to work on a secret Bitcoin project? Isn't it year 5 of Bitcoin. Didn't it take the Internet decades before it was finally widely adopted?
LOL sorry dude. Ripple's not doing anything, Bitcoin's fine and always will be. Just needs time to grow.
One...trick...pony. Maybe better to compare it to AOL or something like that. Not the whole internet. How is it one trick pony though? Isn't it a currency, protocol, payment method, distributed ledger, all rolled into one. The internet has some of the same qualities. TCP/IP v4 anyone? When is that getting replaced? |
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I've always found it comical that people try to compare Bitcoin to the internet. The key difference between the two is, the internet is immensely useful. Bitcoin, not so much. Kind of a one trick pony in comparison. Please stop, you just sound ridiculous.
How old are you kid? Did you know that 10 years ago your Facebook, Skype or Twitter didn't exist? Did you know that most of us refused to change to Google cos Altavista was number 1 search engine? lol Did you know that 15 years ago the Internet was basically this? Mark Andreessen, the very same man who put a browser in front of your face says the same: Bitcoin is like the early Internet. If you fail to see this, you clearly weren't there in the beginning of the net, when there was practically NOTHING built on top of TCP/IP. The "immensely useful" Internet that we know today was built by visionaries who believed in the future of the technology and were able to see practical applications for the tcp, http and www protocols So now, stop saying non-sense... it's the short-sighted people like you who sound ridiculous.... You're partly right in that it would take advancement from the original 1.0 stuff to really make it useful. Probably why the same Marc Andreessen you speak of, has invested in Ripple. Now, that's a technical advancement that has multi-purpose usefulness. Bitcoin, not so much. Again I say, kind of a one trick pony, compared to the internet.  Didn't Marc Andreesen also invest in Coinbase? Didn't Marc Andreesen recently put the smackdown to Warren Buffett, in defense of Bitcoin. Didn't the creator of Ripple, Jed McCaleb, leave Ripple to work on a secret Bitcoin project? Isn't it year 5 of Bitcoin. Didn't it take the Internet decades before it was finally widely adopted? LOL sorry dude. Ripple's not doing anything, Bitcoin's fine and always will be. Just needs time to grow. |
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