You do not know at what point on the curve we are now. These graphs look for nice viewing after the crash.
I agree, might be Enthusiasm phase right after Media attention phase instead. |
|
|
|
just a warning... extrapolating is dangerous as f*ck.
I wouldn't use the value history of bitcoin a measure for it's future value. There are just way too many external factors.
The answer to that is still no. The only variables are supply and demand. The supply is well known. The demand is rising. Price goes up because it has to. Look up the blackboard vids on youtube. Should give a clearer understanding. Nope, you cant predict when and how many bitcoins will be sold tommorow. Thats why the crashes, dumping a lot of coins at once |
|
|
|
|
Check if on slush website under "my Account" page, you should see last share received at: with today date.
On CPU it might take hour to get share
|
|
|
|
|
How you can print more complex stuff like TV?
It has plastic, but a lot of metal including silicone microchips.
Will be not easy at all, if even possible to combine all
|
|
|
|
so in my opinion its more easy to mine than purchasing coin here in india. you can start with cpu on alternate coins like xpm or if its ok for you to invest in harware start with amd 7950 on lite coin. you can also choose coin according to profitablity
True, but it depends on electricity price in your area. Also, you may use international bank wire directly to exchange to save troubles with 3rd party |
|
|
|
...when bitcoin hits 666 again...
Bitcoin price is like rollercoaster. 666 has the power |
|
|
|
If your wallet is encrypted with strong password, you can store it online, for example as email attachment. This way, if your house burns down, you will still have your BTC  |
|
|
|
I will be setting up a secure savings wallet for myself soon and moving what I have to it. what in peoples opinions is the best method. I was thinking of making two memory sticks and having private keys and password reminder images on both. but I'm also considering a paper wallet... what do people think is best?
Two memory sticks and having private keys and password reminder images on both might look nice, but data on memory sticks can reliably last only few years. If you print paper wallet, it will last longer especially if safe in two different places. |
|
|
|
|
It is meant as a reply to the thread you posted.
|
|
|
|
One more time. Bitcoin spreading from the nerd/speculator stage to the mainstream. The more people use it, the less volatile, and there are no obvious problems on the horizon. So, why, precisely, do all you crashers think it is going to crash? Please explain.
that's not how markets work. the price didnt go up 700% in several weeks based on adoption. this is driven by massive speculation. this rally has also taken us very, very far from the historic trend line. it is difficult to see how this could be considered sustainable. the things you are stating are not actually tangible -- sure, they are happening, but this is vastly being overstated by many because of the exuberance of the rally. at some point, this exuberance becomes quite irrational. can you actually provide a basis for saying that bitcoin is going "mainstream"? personally, i think we are very, very far from that. i also think that if bitcoin ever gets mainstream, we will be talking about it when prices are multiple magnitudes higher than now. Not all the increase of price is speculation. Recent china events also mean increased adoption. |
|
|
|
So the question is, what's more important. Bitcoin as a speculative commodity? Or Bitcoin as a store of value and payment medium?
Bitcoin advantage is it is used already as a payment medium, many merchants use Bitcoin as a pay option. The speculation and trading is secondary as some people see profit can be made here. |
|
|
|
A LOT, because there is no alternative and the base concept is great and there is a demand.
There are several alternatives some even using the same algorithm as bitcoins.. And you can make yourselves thousands more alternative coins. But what really matters is the number of people using the coin - so clearly there is no alternative to Bitcoin |
|
|
|
The only web wallet that's worth using is coin base.
coinbase could run like inputs too I doubt, but I wouldnt trust US based wallet, the coins can be frozen and seized at any time coinbase receive oder from DoJ |
|
|
|
I see it   |
|
|
|
In the "Distribution of wealth by owner" thread, it has been determined that there are about 11.5M coins in circulation (of 11.9M showing on Bitcoin Charts) meaning that about 4% of coins are lost.
But how can you say if the Bitcoins are lost or just stored in cold paper wallet  |
|
|
|
It make sense in my head but this machine HashFast Baby Jet – Second Batch does 400,000 mhash/s
if this is correct then i would be getting about $103 dollars a day. It work out like this on calculator
Hash rate: 400,000 Mh/s
Watts used: 350 W
Cost per kWh 0.11 USD*
Cost of hardware: 3000 USD*
Time frame: 90 days
1day 1month 1year 90days
Revenue: $ 108.35 $3,250.52 $37,419.33 $9,652.15
BTC earned:0.51458394 15.43751821 177.71338686 45.84039398
I know its like the stock market and it goes up and down, but this makes sense in my head so again if i buy a machine it produce that many bitcoins in 90 days?
No, the difficulty will not stay constant, it increases every retarget, thus you cant multiply one day revenue x 90 = 90 day revenue To get idea how the difficulty increases, difficulty graphs: http://bitcoin.sipa.be/ |
|
|
|
The centralization of mining hardware
The centralization of mining hardware and the big “whales” in BTC are alarming to me. The market is beholden to their whims- do they want to sell? Do they want to buy? Ideally, coins should be owned by a plurality of holders. For whatever reasons, BTC is increasingly going to the hands of a few, either through buying or mining.
What do you think?
No, a lot of people have, and even more preordered insane amounts of hashing miners. I do not see centralization here. |
|
|
|
Well i've got 3.3gh/s so im not too much of a newb. But hi there nice to meet you all first time poster here. be nice.
Nice, seems like 10 USB block erupters, or maybe overclocked Blue Furry? |
|
|
|
|
Show Posts
