If you are one of the many who set up a full node, taking advantage of the $19/yr special pricing at weloveservers.net, you're probably aware that the blockchain is soon to outgrow the 30-GB disk storage capacity of that promotional offer. When my three nodes reached 90% of storage capacity, I corresponded with WLS to see if I could double that to 60 GB, leaving all the other specs the same. They said, Yes, and offered a price of $2/month! That is, instead of the promotional price of $19/year -- or, $1.58/month -- a new total node price of just $2/mo! They structure this as a new service add-on, and they do it with a reallocation of server assets, so you don't have to stop/start or reinstall the node! The only pricing disadvantage of the service conversion, is that you lose any credit you might otherwise have for the remaining time on your initial $19/year payment; that contract regimen just stops immediately and they start invoicing you the $2/month going forward. As far as I can find.. This is still the cheapest price in the world for a VPS that works splendidly running a bitcoin full node! And, you can now pay in bitcoin!Here's the conversion process that should work for you, as it did for me: Log in to the main web page at weloveservers.net and click on the "Let's make a Deal" link near the bottom of the page. Complete and send the form for VPS Hosting and clearly stating your request. This should open a support ticket on your account -- most likely with Christopher Boswell, VP Sales -- and lead to your node conversions. NOTE: If you've not previously acquired the $19/yr special pricing for this node service, you can still get it here: https://core.weloveservers.net/cart.php?a=confproduct&i=0Uhhhh the deal is gone, check the link again |
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Some of you need to understand, to get lowest operating cost (electrical rate) you need large capital. Add that with getting miner at cost, manufactures are only winners in this game.
Ofcourse they're happy to sell their miners to the public..... WHILE using capital to secure a large farm. They know damn well they will push their customers into red and thus those SOLD MINERS will be off the mining network in short term. Hence, whos winning?
The manufactures only compete with themselves.
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All of this talk and ppl still forget centralized service like ebay scams ppl left and right.
The escrow can be improved:
+ at any time, escrower cant hold fund over the reputation cost
+ seller cant use one escrower for over 50% of the sales.
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is this thread for idiots?
OP must have been extremely retarded. Why not use Unicorn OP? I have one that hash at 5PH/s and only use 5kw. PM me dumbass.
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My reasoning: * Each transaction in Bitcoin costs hundreds of time more than a credit card transaction to process. (currently this is subsidized by inflow of capital into the eco-system, so users haven't felt the full effect). * Hundreds of millions of dollars are paid to mining hardware vendor and electricity company. This will continue year after year, and only will grow more and more as Bitcoin grows bigger. The Bitcoin community is being bled dry. The price action this year shows that even with massive amount of big name adoption and good news, the inflow of capital is having trouble to keep up with the insane surge of mining cost. * There are better ways to secure the network, for example Bitshares's DPoS system. Money is re-invested into the eco-system and community, instead of paid to hardware vendor and electric company. * If Bitcoin doesn't drop PoW and embrace the much more efficient DPoS system. I can see Bitshares eventually overtake Bitcoin. Simply because Bitcoin eco-system is bleeding hundreds of millions of dollars each year, and the DPoS re-invests the money and grows the eco-system/community each year. Btw, you can hold BTC in Bitshares  I stopped right there, said to myself, another idiot telling the world about it. Only dumbfck mix up tx processing with bitcoin supply. |
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If you've been watching Bitstamp, you will notice the sale very periodic. Since its quite consistent, i suspect one of the farms.
Whats your opinion?
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Do we have any circa relase date? I'm really currious how ebay, amazon etc will try to protect themselves from loosing customers, this bazaar is actualy really good idea!
I dont think amazon or ebay are at risk of losing customers to this market for awhile. It is going to take a particular type of consumer to shop at open bazaar rather than Amazon because of how easy it is to use. ehhh This is where you will be wrong. Look at ebay, most sales are from oversea stores. (Chinese traders). Amazon marketplace is more for domestic retailers. OpenBazzar will be adopted by Chinese ebay stores as their margin is already quite thin. The Ebay tax is way too high. |
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The Coin Foundry has 3.6MW of available capacity right now in Texas at 5 cents The Coin Foundry has 8MW in Washington at 5 cents The Coin Foundry has 2 MW in Virginia at 7 cents. The facilities are prepped and you can move into the Texas and Virginia ones this weekend. The Coin Foundry has 6 other buildings at 20+ MW each around the US at 5-7 cents power they are performing due diligence on. What kills me is the hair splitting over 1-2 cents for the guys at megawatt scale. You know what kills profitability fastest? NOT STARTING TO MINE TODAY. http://www.thecoinfoundry.com - only Dallas is up on the site, they just got control of Virginia and Washington Friday. Dallas may be gone by next week with a miner shipping 100 rigs this month and 300 next month. Its $125,000 per MW per month, dumbfck. Do you know how to do math? Tell me how much it is per KWh. |
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Beta is OUT, has anyone tried it?
I just finished installing it on Ubuntu, didnt have time to test it.
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Yes, that is true. But i make my assumption only regarding industrial mining operations, who get their miners directly from the faculty and pay a very low electricity price. The regular amateur miner is out of the game for a long time already, i guess.
Oh yeah well the industrial miners are more or less the very same people who designed the ASICs - KNC, Bitmain, BFL, Avalon, Bitfury, AM etc. I'm sure they will have a little meeting and make a "gentleman's agreement" to limit the growth - kind of like a nuclear armistice  Game theory says no. Its no matter what alliance you got, someone will make the first move. |
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Ok people, I'm talking about a man made resource with a finite supply being supposedly used as a currency. I admit I have phrased some things incorrectly, I don't have a degree in economics, only journalism. I'm addressing a problem that I see with using something like bitcoin as a currency and no one, in this 4 page thread has really given me a solution, just run arounds like 'read up on it yourself.' So far there has not really been a stable price, which is essential for a currency of trade. From the useful posts, people seems to be denying that Bitcoin is a Ponzi (fair enough, I agree) but haven't denied its speculative nature, that there is a finite supply and obtaining it raw will get increasingly more difficult. Doesn't having such highly speculative features render its primary objective - being a self-regulating currency - useless? I think this resonates even in the current trend where more people are using it for price speculation rather than trade and sustaining an mobile economy.
Can someone please explain to me how this problem might untangle. That somehow these speculative features will balance out over time and a stable price could be achieved. Because otherwise there really is no financial revolution and it is just like every other speculative bubble like the Dutch tulips.
I draw a distinction between Bitcoin and natural resources because I believe there is a inherent value in natural resources. You can use it to do something else. Silicon was traded because people found a use for it, otherwise it would just lie on the ground worthless! People only traded for natural resources, not traded in.
Would be great if someone can actually help me because I am trying to write as accurately as possible and I haven't found any online resources that discuss this issue.
Then dont bother trying. Understand what it is first. The fact that you keep saying "man made resource" makes me think you dont even give this any fcking thought and just spilling stuff. Man made material such as carbon fiber are all processed from natural resource. Do you think its coming from thin air? Only fiat money comes from thin air (hence the term "fiat"). Bitcoin supply is from mining. You used energy and computer resources to "mine" bitcoin. The supply rate of bitcoin is known and by design. Its finite number of quantities is not an issue for using it as currency because 1 btc is dividable in 8 decimals (more than all the fiat currencies in the world-- combined). As a form of money, we never had a deflationary money ever so you cant say it wont work. As for you point of "speculative feature", bitcoin economy is small, ofcourse it will be speculative. In fact every commodities in this world is being speculated by various investors. It seems you keep talking this garbage because you still dont understand the value (not price) of bitcoin. Does email protocol has any value to you? just because you're using it freely (hence no price), doesnt mean it has no value (otherwise, no1 will offer email service for free ....cough gmail, hotmail...). What if i told you in near future, there will be financial services offered from institutions that utilize bitcoin network? You as a customer use this service at free(or very low fee) and you dont even have to own a single bitcoin. Creditcards are free to you right? guess what? nope, merchants paid for it so its passed right to you. You're just fooled by thinking its free! Using bitcoin as currency isnt very practical right now due to lacks of legit exchanges around the world. However the network will grow so does the popularity of bitcoin. |
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the S3 is already getting outdated with only 453 GH/s at the price of 0.58 BTC without PSU
Any news on the upcoming Antminer S4 ?
We do need a solid unit producing more than 2 TH/S +, maybe at the price of 1,5 BTC or lower
I was hoping something like 5-10 TH/s and really compact. Waiting patiently.. Hashrate means nothing if you dont even have ROI. Dont come back here and cry because you're super doper 100TH/s is a lost investment. |
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A new billboard has appeared in this location:  The road in the picture is Lawrence Expressway, also known as Country Route G2. It is 8(!) lanes wide, yet still gets jammed with bumper-to-bumper traffic during commute hours. The billboard is visible while traveling north, with morning commuters traveling from the bedroom communities of Cupertino and Saratoga to Silicon Valley companies. The land on which the billboard sits is 10 acres of farmland in the middle of Silicon Valley, owned and operated by a farmer who is nearly 90 years old. You can read about it here, which was written before one of the brothers died. A more recent write-up is here. What does that weird sign even mean? God with a halo holding a spiked Bitcoin with black satanic looking hooded monks and the earth below? Roger Ver must be losing it. I believe those dark monks (not satans LOL) are representing bankers. |
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I cant believe OP is in media publication.
hey OP, what sort of education you have? You're the exact reason why media is a joke.
You should never write about something you dont have a clue.
Ppl here have given you info yet you're still fcking stupid enough to say " inherent value"
There is no such thing as "inherent value" dumb ass. All resources in the world are worthless until human can find their utilities.
Silicon was worthless, until human discovered its semiconducting feature.
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OP which city in Canada are you from?
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Quarkcoins marketcap $12million down to $1.7million in 180 days. 24h Volume...... $2000 ...... http://coinmarketcap.com/currencies/quark/LOL what? Suck to be a bag holder, OP. EDIT: actually i'm wrong, OP is the founder ..... Even a scammer calling you out OP Ok so far, we have gained the knowledge, that DigitalIndustry, the non english speaking man, is the Leader and Developer of the scamcoin, Quark.
No wonder Quark has falled 200,000% in price..
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I'm surprised the OP didnt kill himself yet..... after jumping on Quark scam coin.....
Hows that working out for you retard?
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any ultrabook worth getting?  |
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who gives a shit, go back to being a hater pls.
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