The adoption is still increasing at an exponential rate ...
No, it's not. Block chain transaction rate was about 55,000/day a year ago, and it's about 65,000 now. This looks like product maturity, not high growth. |
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Difficulty will go to the MOON!
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Planning on an increase in value is the only reason to mine. No, mining and speculation are separate businesses. We've been through this before here. |
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From the original list published in 2012, how many turned out to be rip-offs?
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overstock do a $1mill a month in bitcoin.. and guess what, they only value the bitcoin in dollar. but never actually convert it to dollar. they are hoarding.
Overstock converts 90% to dollars, and holds about 10% as Bitcoins. Read their 10-Q. |
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With the currently available hardware, there is no possible way difficulty adjustments could be 20% for 6 months. At that rate, even BitFury, MegabigPower, and CoinTerra would not be able to operate their gear at a profit. Sure it could. It's quite possible that enough people have Bitcoin mining gear on order, or ASICs in fab, for that to happen. Until we hear that ASIC vendors are shutting down production, the difficulty is going to continue to increase rapidly. |
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You'll earn minimal payouts with them. Which means effectively zero. Go run a difficulty calculator and find out how long you have to wait to find a block. Decades, maybe centuries, with a USB miner from last year. |
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Kinda looks like a cow barn from the mid-west though. I've never seen a datacenter with A line roof before lol... oh well, I guess they can do what they want with that money factory they built. They have to keep their costs down. In six months, all that gear will be worthless. On the other hand, reliability isn't a problem. If a few mining units fail, no problem. Just turn off their power. There's no data to back up, and no users to serve. |
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We don't know who you are.
We don't know your company.
We don't know your reputation.
We don't know your history.
Now what is it you were trying to sell me?
Also, they want a 3% fee to exchange cryptocurrencies.
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People should be careful when downloading this. It might contain traps, like mt.gox leaked database did.
No, it's just a plain text file of Yubikey IDs and unlock codes. Whether they work, I don't know. |
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First, has anyone checked to see that this is valid data?
If it is, this is evidence of gross negligence by the Mt. Gox trustee. It should be reported to the Tokyo District Court and the Tokyo police.
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Does anyone really think it is a good idea to entrench centralized mining even further into Bitcoin? Short memories or are ghash and discus-fish good-ole-boy pillars of the community now?
It would be better if the main companies, which rely on Bitcoin for their business model, were to invest in improving decentralized mining (like p2pool) and ensure that their transaction flow benefits that area instead.
That's a nice dream, but the reality is that Bitcoin mining today looks like this:  Or this:  It doesn't look like this any more:  |
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The big players can easily solve the confirmation time problem. Coinbase just needs to contract with the big mining pools for priority for getting their transactions into the next block. Then, as soon as they've submitted a transaction to the queue at each big miner, had it checked against the queue for a double spend, and received confirmation that it's in the queue, they're protected against double spending. The big mining pools that have more than half the hash rate can confirm a transaction themselves.
The public blockchain can catch up later.
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You can probably tell I'm a total noob. The fact of the matter is I installed GUI miner today, have a couple workers registered at Slush's pool. Have a wallet. I entered in my worker data for Slush's pool and GUI miner says it has like 17 Megahashes per second. I'm not expecting to make much profit, but I expect to see something on my account page at Slush's pool. What to do if GUI miner says it's mining but there is no Mhash/second or shares on mining.bitcoin.cz?
Hardware is a Dell Inspiron 17r with Intel HD Graphics 4000 GPU (the Mhash/s is like 5! I don't know why...)
Thanks in advance... I know it's a noob question.
Maybe because it rounds off to 0. You have so little mining power that expected revenue rounds to zero. Your chance of finding a block in the next month is around 0.00002%. |
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I have access to free electricity, soi have very good profit of my antminers. How much free electricity? Unless you have access to megawatts, it's barely worth mining any more. |
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Bitfury Mining Center from Data Center Knowledge "Bitcoin mining operations are expected to spend at least $600 million to deploy infrastructure in the second half of 2014."
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Greetings, I am trying to find the posts on the website of MtGox.com at the time they shut it down. So i tried the https://archive.org/I did not managed to find anything After Oct 2013 is just NOT working for the next months and works only at the latest updates they have now on MtGox.com So what is going on?  Why internet Archive deleted if so? The Internet Archive runs about six months behind real time. That's done to reduce copyright complaints about them hosting the information of other sites. The data is not lost; it will appear in the future. |
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This text is written by Mark. It is surprising that he is allowed to have any voice about (or control of) the proceedings at all...
Yes. Especially since this is a straight liquidation, not a debtor-in-possession situation. The trustee is not doing his job if this is going on. |
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You also need exchanges that can/will transfer bitcoin out right away and exchanges that will accept bitcoin deposits with as few confirmations as possible.
Getting either Bitcoins or money into Bitcoin exchanges is not the problem. Trouble is always on the withdrawal side. Bitcoin confirmations take, at worst, hours. Withdrawals can take from days to forever. |
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This is a red flag.
Whenever it suddenly becomes harder to get money out of a financial service than to put it in, something is very wrong. Legitimate operations do all their "know your customer compliance" when you open the account, before they let you put money in.
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