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5681  Bitcoin / Mining speculation / Re: Is bitcoin mining worth it? on: February 26, 2014, 05:26:54 PM
Depends.

If you're looking to get the cash ROI back, probably not at this point, because of BTC's low price.

Now is more of a great buy and hold opportunity because Bitcoin is so cheap.

The amount you mine back won't equal the Bitcoins or cash you put in.  Only hope is Bitcoin makes a major spike up in price to make mining worth it.  At least for 2014.
5682  Bitcoin / Mining speculation / Re: Ordering from Bitmain's website- how fast does it get delivered? on: February 26, 2014, 05:19:05 PM
Most likely you'll receive your shipment of the Ant before the tracking number, at least that was my experience with Sushi's Group Buy.
5683  Bitcoin / Press / Re: [2014-02-04] Homeless Man Begs for Bitcoin Donations on: February 26, 2014, 04:01:57 PM
This reminds me of half of the newbies that sign up here after the Gox debacle.   Tongue

For some reason, I have no sympathy for beggars.  Don't mean to sound mean spirited, but maybe living in NY does that to you.

5684  Bitcoin / Bitcoin Discussion / Re: People actually thought bitcoin was dead because of MtGox? on: February 26, 2014, 03:48:43 PM
Was watching my local Fox news affiliate, and they said Bitcoin essentially died.   Tongue

I looked at my wife and started laughing.   Grin

Love how these media people equate ONE exchange dying with a whole cryptocurrency dying.
5685  Bitcoin / Bitcoin Discussion / Re: The very essence of BTC got hurt on: February 26, 2014, 03:44:37 PM
Bitcoin doesn't have an essence, Bitcoin is simple math based code.

Only greedy people that were warned continuously by MtGox's insolvency and incompetent ways got hurt.
5686  Bitcoin / Bitcoin Discussion / Re: Need some help with this Mt.gox problems on: February 26, 2014, 02:18:28 AM
What kind of miner do you have?  Sell it on here for Bitcoins.

Post a picture of it here with your forum name, I'm sure someone here would buy it off you in BTC(escrow of course).
5687  Economy / Service Discussion / Re: irc Chat with KARPELES(MtGox) from today 25th Feb on: February 26, 2014, 02:09:13 AM
I'm sorry I can't feel any sorrow or pity for this crook at all.  Doesn't seem the least bit remorseful at all.

He dug his grave a long time ago, he better lawyer up good, because the shit's going to hit his fan hard.
5688  Other / Off-topic / Re: Mt.Gox stole my BTC. pls help! on: February 26, 2014, 01:54:06 AM
Obvious scammer is obvious.  You won't get anywhere here in Bitcointalk lol. Cheesy
5689  Alternate cryptocurrencies / Mining (Altcoins) / Re: SHA-256 ASIC NOT mining Bitcoin experience?? on: February 25, 2014, 11:54:28 PM
What's the best PPC pool and best exchange for trading PPC to BTC in your opinion?
5690  Bitcoin / Group buys / Re: [Teaser!]Wasp Based Mining GB, Collecting Reservations For The Coming SWARM! on: February 25, 2014, 09:32:00 PM
Interested in this project.

Any ETA when we can see some pictures of the "Wasps" and "Hives"?
5691  Other / Beginners & Help / Re: Is Bitscoins dead with this Mt. Goth Scandal? on: February 25, 2014, 08:01:57 PM
To all noobs reading, Mt Gox is not Bitcoin and vice versa.  

Mt. Gox just happened to be the first online exchange dealing with Bitcoin, but for the last couple of years have proven to be an incompetent business run by a greedy greedy man.  Hacked wallets, impossible to withdraw money, prices way out of range, poor customer support and service,, terrible software and wallet implementation.

Mt. Gox =\= Bitcoin and has been for awhile.  When thinking of real, solvent exchanges please refer to Bitstamp, BTC-E, Kraken, etc, but do not consider Mt. Gox a real one anymore.

Mt. Gox shutdown and ouster of Mark Karpeles can only be a good thing for Bitcoin and the community.

5692  Bitcoin / Bitcoin Discussion / Re: Secondmarket with upcoming professional bitcoin exchange. on: February 25, 2014, 06:43:45 PM
Can't wait!  We definitely need any bit of positive headlines to boost the Bitcoin community and price.
5693  Economy / Gambling / Re: What is the best bitcoin casino? on: February 25, 2014, 05:38:16 PM
They give you free Bitcoins to play with at PrimeDice, not much, but it's free!   Cheesy

Also, they pay you to advertise if you use their link in your signature if have a minimum activity of 50.

Can't go wrong with that!
5694  Other / Beginners & Help / Re: what should i invest in on: February 25, 2014, 05:32:51 PM
With $300, no equipment you buy will be worthwhile.  Since all coins are cheap now, just buy coins and hold.
5695  Bitcoin / Press / Re: [2014-2-1] USA Today: Hedge fund boss: Bitcoin over gold? Are you kidding? on: February 25, 2014, 05:30:02 PM
Good thing I can put my Gold in my pocket and scan a QR code, transact huge sums of it in 10 minutes or less, and give it my friends and families in envelopes as gifts....wait, you can't?!!?   Embarrassed

Yea, you can stick to your gold guy.   Grin
5696  Bitcoin / Press / Re: [2014-02-26] Larry Summers: Bitcoin has potential ‘to be a very, very important on: February 25, 2014, 05:23:11 PM
Glad to see some important officials can see through the fog and haze, and see Bitcoin for it's true potential.

Need more guys like Larry Summers.
5697  Bitcoin / Mining speculation / Re: Building this rig - Is it worth it ? on: February 25, 2014, 03:05:38 PM
With $200 or $300 that's over half a Bitcoin at today's rates.  More than any PC or rig priced at that range would ever mine.

Just buy half a BTC instead and hold.

5698  Other / Beginners & Help / Re: If I rent out bit mining hardware how many GH do I need? on: February 25, 2014, 03:03:06 PM
That's terrible.

Antminer S1's are about $3.50/GH right now.

Please please stay away from anything Butterfly Labs related.

Take a look at Dogie's guide first:

https://bitcointalk.org/index.php?topic=456691

Make note of the brown shit color grade it got.


But what IS a GH? And how many should I get?

GH/s = Gigahash per second.  More gigahash the merrier.  The lower the $ per GH/s the better.

$10/GH is a ripoff plain and simple.  You're better buying Bitcoins now and holding, they're affordable in price.
5699  Economy / Service Discussion / Re: It appears Mt. Gox isn't dead but rebranding as Gox after 1 month hiatus. on: February 25, 2014, 05:59:24 AM
Whether this document is true or (more likely IMO) a fake, I find it comical that the number of bitcoins allegedly lost over a few years is 744,408.  An organization that failed to notice the disappearance of half a billion dollars, millions of dollars per employee, nevertheless is supposed to have been able to calculate their losses to an accuracy better than 1 part in 105

Document is true, as confirmed by NY Times:

http://www.nytimes.com/2014/02/25/business/apparent-theft-at-mt-gox-shakes-bitcoin-world.html?_r=0

Quote
A document circulating widely in the Bitcoin world said the company had lost 744,000 Bitcoins in a theft that had gone unnoticed for years. That would be about 6 percent of the 12.4 million Bitcoins in circulation.
5700  Other / Beginners & Help / Re: If I rent out bit mining hardware how many GH do I need? on: February 25, 2014, 05:06:40 AM
That's terrible.

Antminer S1's are about $3.50/GH right now.

Please please stay away from anything Butterfly Labs related.

Take a look at Dogie's guide first:

https://bitcointalk.org/index.php?topic=456691

Make note of the brown shit color grade it got.
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