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Bitcoin is freakin' nuts man.
Just like that, back to $665.
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Bitstamp 1 BTC = $710 two minutes later  Wow, you might be right about $1000 by Friday! I would not be the least bit surprised at this rate.  |
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Dang I spoke to soon. It might hit $700+ today! |
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I don't know about $1000, I think $700+ is definitely doable by Friday though:  |
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The cubes are made by AsicMiner not Bitmain...might want to correct the title so people don't get false information.
Yes, OP please change the subject it's very misleading to Noobs. Asicminer makes the cubes. Bitmain makes the Antminer S1s, nearly 150 GH/s difference! |
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Will these coupons be able to be used for any new products that come out such as the S2?
When S2 comes, we will be issuing coupons again  wowowowo, so s2 confirmd? ARGH... need more details! Antminer S2 on the way as slipped by BITMAIN themselves.  |
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So I've noticed that postings on this forum have dropped significantly. What's up with that?
The only thing that I can think of is that there is a significant amount of members that were burnt by the GOX debacle and are now despondent. As a result, there is an avoidance of anything Bitcoin related for awhile.
Probably another result is the change in forum policy with signatures from Moderator Theymos. He applied it globally so only Full Members and up have color, larger font, etc in their signature lines. Less new members spamming posts all over the place because they won't get paid the same way with small advertising sigs. Did not think that it would have such an effect. Is the post rate returned to levels before newbie jail was suspended? The total downfall in posts is probably a combination of the signature policy and lost interest due to Mt. Gox. Agreed, a combination of residual effects of Gox, and lack of incentive to post due to lower payments. |
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I'm probably speaking too soon, but I love the signs! Not even Warren Buffett denouncing Bitcoin as a currency can get me down. |
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So I've noticed that postings on this forum have dropped significantly. What's up with that?
The only thing that I can think of is that there is a significant amount of members that were burnt by the GOX debacle and are now despondent. As a result, there is an avoidance of anything Bitcoin related for awhile.
Probably another result is the change in forum policy with signatures from Moderator Theymos. He applied it globally so only Full Members and up have color, larger font, etc in their signature lines. Less new members spamming posts all over the place because they won't get paid the same way with small advertising sigs. |
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now these units is in final clearance sale now, about ~0.52 BTC for one 105G module. this price is for China mainland only. for export will remain a 1.3B price. That is a terrible business model. Obviously you're gearing up for Avalon gen 3, why not share that price for the gen 2 globally? Especially, since Bitmaintech is kicking your teeth in with their almost daily price drops. |
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Considering jumping into mining with 2 S1 Dual blades.. https://minersource.net/products/bitmain-s1-dual-blade-180gh-400w-asic-miner-1-2From reading it sounds like PSU modification is generally needed, but this includes what looks to be a already modified PSU... These seem to be a decent small starting kit available now (no pre-order etc). Though most mining cals say I will break even in 3mo, which sounds extremely reasonable... am I missing something? If you plan on overclocking your Ants to 200GH/s(you should), you'll need a bigger power supply as they'll pull 400 watts each. Maybe a single PSU in the 1000W range to power 2 overclocked Ants from this guide: https://bitcointalk.org/index.php?topic=486121.0 |
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As I have read noone exactly can answer this question as there are 2 opposite opinions on it. Btw I think the opinion that mining is worthless is more popular than the opposite opinion.
Mining is not worthless, it supports the blockchain and secures the network. Without mining, there is no Bitcoin. The correct question is "Is mining worthless for the home user to ROI?" If you only have a few hundred or a grand or so to spend, yes it's worthless. It's an arms race right now, and many of the home miners are exhausting getting new circuits installed, and you're slowly seeing a shift to the datacenter for cooling and electrical needs. It's like the old saying "Don't bring a knife to a gun fight". Biggest and most power efficient Asics win. Unfortunately, it costs significant amounts to keep up. |
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Hope all is cool over here in this thread. AMT's been digging me a new asshole for the past couple days.
Yes, PG. BA and Bobsag3/Minersource have actually thrown us some bones to pick apart for a couple days. Better than the period of silence before the delay news. Thanks for always checking in and keeping these guys on their toes.  |
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If I place an order at cointerra.com it says Shipping June 2014 - and by June, 5 ant s1's would have made well more than a 2 TH/s will make... Right, I agree. Just saying the pre-orders from last year are finally hitting the network slowly but steadily this year for Cointerra customers. 6% of the total hashrate is pretty significant. |
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You probably have an IP address conflict, especially if the new Ant has the same default IP as your older ones.
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They did offer a formal counter to U.S. Senator Manchin ban on Bitcoin, so there's that: www.coindesk.com/bitcoin-foundation-senator-us-shouldnt-turn-away-innovation/Dear Senator Manchin: We read with interest your recent letter to federal regulators regarding Bitcoin. Your interest in protecting Americans is genuine, of course, and laudable. We believe the consensus in Washington, D.C., is the right one for protecting consumers and growing the American economy: the U.S. should foster the benefits of Bitcoin while mitigating the risks. To that end, we offer the following information to help improve your and others consideration of the Bitcoin protocol, its many potential benefits, and the risks. We hope to be a valuable resource to you and your office, as we have been to many others in Congress and in relevant U.S. federal agencies. The Bitcoin Foundation is a member-driven non-profit organization dedicated to serving the business, technology, government relations, and public affairs needs of the Bitcoin community. The foundation works to protect and standardize the Bitcoin protocol and software, to broaden the use of Bitcoin through public education and by fostering a safe and sane legal and regulatory environment, and to support local Bitcoin efforts by connecting a network of Bitcoin communities worldwide. In the past several months, we have been invited to testify and present in a variety of settings, formal and informal, helping to educate congressional staff and government agencies about Bitcoin. Most notably, we participated in the first congressional hearing on Bitcoin hosted by Senator Carper, Chairman of the Senate Committee on Homeland Security and Governmental Affairs, on November 18, 2013. I testified about Bitcoins potential for increasing global financial inclusion, expanding human liberty, strengthening privacy protections for the law-abiding, and providing a stable money supply for those in countries where the local currency is poorly managed. As you know, the Senate Committee on Banking, Housing and Urban Affairs, also held a hearing on virtual currencies on November 19, 2013. These hearings included witnesses from the Financial Crimes Enforcement Network in the Department of the Treasury, from the Department of Justice, the Department of Homeland Security, and the Secret Service. The hearings also included representatives of U.S.-based Bitcoin businesses, academics, a state banking regulator, and other interested parties. The federal regulators testifying at these hearings have examined Bitcoin carefully, and they produced careful, thoughtful testimonies. They seem relatively sanguine about the risks Bitcoin creates and open to capturing its benefits for Americans, including the jobs and economic growth that will come from U.S.-led financial services innovation. The benefits of Bitcoin go beyond its role as an alternative currency. The Bitcoin protocol, essentially a universal public ledger, may help establish property ownership in third-world countries, allow people to create computer-automated contracts, aid in the management of public resources like the Internet, and much more. The Bitcoin protocol is a revolutionary invention whose potential is only beginning to be discovered. There are risks, but we are confident that they are not as dire as your letter suggests. Because Bitcoin is a public ledger, records of transaction are published and available online for all time. This is a far more transparent system than conventional financial services and payments, in which the vast majority of transactions are concealed. Indeed, a challenge for Bitcoin adoption is making sure that law-abiding peoples transactions do not expose their private financial information. We believe the law enforcement challenge with respect to Bitcoin is different but not harder. As you probably know, at the Homeland Security and Governmental Affairs Committee hearing on Bitcoin, FinCEN Director Jennifer Shasky Calvery said, Cash is probably still the best medium for laundering money. The demise of Silk Road illustrates well that Bitcoin is not a magic cloak for crime. Though breathless press reports portrayed Bitcoin as a tool of criminality early on, law enforcement has caught up. The Silk Road collapsed, and successor sites have collapsed. We anticipate studying more carefully privacy, anonymity, pseudonymity, and the needs of law enforcement with respect to Bitcoin. Some countries central banks have warned consumers about the risks around Bitcoin. I have done the same. Consumers should not invest any money they arent prepared to lose, and the volatility of Bitcoins price against the dollar is high, though it will fall over time. Many countries around the world are embracing Bitcoin, though, as a digital currency that offers their people improved financial services and greater economic freedom. Germany, Finland, Singapore, and Canada, for example, are among the U.S. allies that have sent favorable signals by issuing tax guidance on Bitcoin. Ireland, Israel, and Slovenia appear to have plans to do so. News reports about bans on Bitcoin in China, Thailand, and South Korea may be a product of misunderstanding local conditions. The Bitcoin ecosystem is still very much in its infancy, and the first wave of Bitcoin businesses is now beginning to give way to a second, more sophisticated group of investors and businesspeople. We believe that the failure of one foreign-based exchange should not darken the prospects for Bitcoin businesses in New York, California, Washington state, and all over the country, including a restaurant in West Virginia that announced late last year that it is accepting payments in Bitcoin. Small businesses all over the country like Artisan Pizza & Pasta in Charleston are signing up to accept Bitcoin payments. With credit card payments costing two to three percent, the narrow profit-margins of retail businesses get even smaller. The competition that Bitcoin may bring to the $50-billion per year credit card payment business may push lower fees and better service for small businesses and consumers alike. Meanwhile, Bitcoin-based financial innovation may help control data breaches, of which we have seen massive examples in the recent past. Payment services designed for the Internet need not put Americans personal information at risk. We do not believe that this is the right time in U.S. economic history to turn away from innovations that offer improvements in the jobs picture and the economy. If Bitcoin does not flourish in the United States, it will flourish elsewhere, and the United States will cede leadership to the countries with the more foresighted approach to innovation and economic progress. There is a lot to learn about Bitcoin, how it works, and what its effects on U.S. society will be. There is no need to fear Bitcoin or overreact to the challenges that accompany its huge potential benefits. We would be happy to meet with you and your staff at your convenience, as we have done with dozens of others congressional offices and government agencies. I can be reached at patrick@bitcoinfoundation.org. Respectfully, Patrick Murck General Counsel Not sure if it'll have any effect, but it's something.  |
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Good stuff, just being on a heavily watched show like Jon Stewart as the opening segment is a compliment even if he doesn't entirely understand it. Loved the zingers like "Tamagotchi of currency", "Bitcoin grills", and "MtGox deleting tweets only to resurface as Carlos Dinero".  I'll take any media exposure to the mainstream, good or bad, at this point. Can't get worst than Gox's news. |
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