While I wanted to buy in I didn't because this wasn't a real rally, just the manipulator buying 10000 BTC on once, putting up various walls that he then removed quickly when people starting selling to him.
Who or what decides when it's "real"? I for one bought a load at sub $5 because it seemed like a bargain. I could bear the drop to $3-$4 levels short term. |
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A lower price point at this difficulty sucks for miners, but is great for people looking to buy stuff like drugs from Silk Road.
They might be more willing to buy bitcoins at $5 a piece than 20 bucks.
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It doesn't feel real. It does reflect a small amount of light though so it's not printed.
Then again the issuer probably didn't care much since they knew these would be virtually worthless.
You could easily make these yourself, no watermarks & paper feels as if from a standard inkjet.
There are no grooves, embossings or raised letters on the note either.
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How will it compete for miners against 0% PPS pools such as btcpool24.com or abcpool.co
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How is it a scam when nobody has been promised anything?
I'm currently losing out big time on mining, due to risks I chose to take.
The creators are not responsible, nor is Satoshi, Mt. Gox or the community.
In similar fashion, if you bought BTC and were disappointed, you have not been "scammed".
You just made a bad short-term investment. You are responsible and nobody else.
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Hahaha. This can't be real. If it is, brilliant. Wont be mining there, though.
But I donated 0.2 BTC anyways.
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Arrived very fast, good seller.  Can't say if the notes are genuine due to a general lack of security features (such as watermark) & low quality paper, but I will assume they are. I only have smaller denominations to compare against. Though I don't think the central bank cares much about counterfeiting at this point. |
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ATI Radeon 5770, 5830, 5850 have the best $/mhash ratio.
Too bad they aren't that easy to find anymore, at least in mint condition/new
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hoppers and normal miners are equally paid for their shares, hoppers do not steal any income from others miners so that statement that hoppers steal money from other mines is false the only ppl who steal money from miners are pool admins that put penalty's block ip's and frozen accounts
plz dont forget to paste your data if you think hoppers steal bitcoins from you
'Share shopping' is still theft from the people that keep mining on long blocks. Even slush and tycho admitted this months & months ago and created countermeasures. Without them the hopping method becomes impossible. So you are directly dependent on people mining there for more than 43% of a block duration 24/7. If not 'theft', how can you say it's not at the least, taking advantage of the stupid and gullible? That's definitely not illegal, but it will eventually disillusion many new miners when they realize their earnings are 30-40% less than expected. Maybe a better word is embezzlement of shared funds (even if through 'legit' means). |
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Hey Mint, do you know what's going on. Seems the web frontend stats are frozen. Client is still sending shares though.
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We had a different thread with the subject.. but I can't find it. I wont say that 800 is easy just yet. I have about 20 5870, and I get about 420 out of them at 940. I just received 3 of these 5970's (finally) got them amazon last week. I successfully got them installed on a msi gd70 with a silverstone 1200 running linuxcoin. I crashed the rig a few times overclocking. I now have them running stable at 725/400. will burn them in for a day or so and try to overclock them again. I guess what I am saying is dont expect them to act like 2 5870's packed into 1 card. Running 3 5970's (6 gpus) on a 1200W psu and overclocking them might be pushing the power supply a bit too far. Even if it has enough juice, you will need ~80 amps on the +12V rails (or rail) just to keep them running at full load. Top PSUs are rated for quad crossfire compliance at the most. They don't even make specifications for 6-8 gpu setups. However I find thermaltake 1500W psus able to run even three 6990's at stock. |
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Sukrim is right, just look at Tradehill, they missed out on a lot of quality customers
because people were turned off by the massive referral spam during their launch.
You say spam wont be tolerated but that's exactly what will happen
if you offer people potential money just for copy+pasting a link as much as possible
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6990's are a niche product few gamers were buying (prior to the bitcoin surge in April-May).
Coincidentally the stocks ran out everywhere as mining became commonplace.
At current difficulty levels and bitcoin prices, 6990's aren't even nearly as profitable.
It will take a long, long time to break even with these. They aren't selling like hotcakes anymore.
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Are the chinese pandas really worth a ~30% markup on spot price?
Or are these limited edition coins.
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I will take one, I can send the BTC first. PM'ed details.
Do you also have the bigger 500 trillion dollar notes?
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They probably only cash out in AK47's though. Arms trafficking with zero traceability of ownership (given the rifles, bolts etc. have all their serials erased). No financial trail to follow either. What could go wrong? Bitcoins allow the perfect anonymous transaction for this type of items. Even better than physical cash or gold bars because instead of dozens of heavy bags, you just need a USB stick and a laptop (or just a smartphone). The seller also has 100% assurance he isn't receiving counterfeit currency in return. |
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As a miner, why would I sell if it keeps going even lower (say in the $4, 3, 2 range)?
You will get less than you spent on electricity.
I can understand if investors want to get out, but for miners, selling makes no sense at $6 (and current difficulty).
Of course, $6 would make sense if the difficulty adjusts down drastically.
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The low power consumption slaughters the 6xxx series cards, those are some very impressive TDP's.
And it's a whole new architecture which will prob. make a huge difference.
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I think there are technical difficulties currently. Miners are going on/off at random.  |
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