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601  Other / Off-topic / Please sign my White House petition on: June 25, 2013, 10:34:29 PM
https://petitions.whitehouse.gov/petition/abolish-department-agriculture/1hkwGklz

Abolish the Department of Agriculture

I need your help! Please share!
Thanks!
602  Bitcoin / Meetups / Re: Any Bitcoin Enthusiasts In Pittsburgh PA? on: June 25, 2013, 06:44:47 PM
I was just in Pgh today.  Live in VA, but from W. PA.  I visit often.
603  Bitcoin / Meetups / Re: Bitcoin Wednesday in Amsterdam on: June 25, 2013, 06:42:34 PM
I visit Holland every now and then.  Are there any shops that take BTC in Amsterdam?
604  Bitcoin / Bitcoin Discussion / Re: Bring the price of Bitcions up with Publicity - Bumper Stickers? on: June 25, 2013, 06:39:23 PM

Shouldn't he take BTC as payment?  Who's selling them?  Can you say?
605  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin will be used to pay employees? on: June 25, 2013, 06:33:56 PM
Next time I see my boss, which is hardly never, I'm asking to be paid in BTC.  I know they'll say "What's that?"  But it's worth asking.  I work for a major national retail chain, and I don't see myself getting paid in BTC until they take BTC for payments.  They take google wallet, which is cool.  I've only ever rung up 1 customer who used google wallet.  Time will tell.
606  Bitcoin / Mining speculation / Re: Block Erupter USB owners won't make ROI??? on: June 23, 2013, 11:49:22 PM
You can always resell that USB miner on ebay.
Instant ROI.
well BA BAM, they just dropped the price down to .99btc.
so if you wanted to pass the ball to the next schmuck I suggest you do it now.

and at .99btc, you still won't make ROI.

At .5BTC I might start to get interested.  They still won't ROI, but at least my backside won't hurt so bad.  And there is something to be said for the convenience of USB.
Where are they selling for 0.5?

edit: found for 1.19
https://www.bitmit.net/en/item/38319-asicminer-336-mh-s-block-erupter-usb-in-stock-at-wtcr-ca
607  Bitcoin / Mining speculation / Re: CoinCanary.org - Mining Database - All Known Vendors and Status on: June 23, 2013, 09:01:50 PM
I don't see anything here about DeepBit "Reclaimer" ASICs

https://bitcointalk.org/index.php?topic=108375.0;all

Thoughts?
608  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 22, 2013, 02:02:24 PM
By the time sept 5th rolls around, new orders will probably be pushed past February.
609  Bitcoin / Mining speculation / Re: Block Erupter USB owners won't make ROI??? on: June 22, 2013, 06:44:36 AM
Curious, what are your outlooks on the Saturn & Jupiter?
610  Bitcoin / Mining speculation / Re: Block Erupter USB owners won't make ROI??? on: June 22, 2013, 06:02:33 AM
I don't see the big deal here if you are long on Bitcoin. I've been mining for three years, and I hope to be mining for the next three years and beyond.

All this talk of not making ROI in 3-6 months seems a bit short-sighted IMO.
I agree.  Making it back in 300 days is actually a great return on investment in todays environment.  Assuming you paid 2.2 BTC for one:

Conservatively that's 0.0073 BTC per day

Over the other 65 days of the year, you'd make an extra 0.4745 BTC.

That's actually a ~21.5% annual return on investment.  Pretty damn good!  Considering most high yield stocks are around 5%.  And t-a-x free (<--don't want to spell it out for the search bots.)  Sh*t, I might buy more!!  DANG!!

No wonder ASICMiner is doing so well.  There's so many idiots hanging around in this forum.

Good luck with your 21% annual return, hope you make enough and retire happily for the rest of your life.

You're missing the point.  No one is buying these things to make a farm out of them (if you are, then I agree with you, you're an idiot).  They are being sold at "retail rates" because of the fact that these are for the small guys who are enthusiasts.  I mine on my GPU when I'm not gaming, but I have no interest in investing in bitcoin for myself with these things.  I already own a GPU for gaming, so when it's not otherwise busy, it mines.  I keep one at work on my desk and one at home on my desk for decoration.  The wattage they draw is minimal, about 2 W, maybe 3W at the most so it doesn't cost anything (and at work it really don't cost anything!).

Look at this analogy.  You want to dig a hole in your backyard, so you go buy a shovel. But people who want to build a skyscraper and need to move dirt don't just go buy 50,000 shovels!  The money to diggage ratio is terrible!  They go out and buy a few backhoes and bulldozers where the money to diggage ratio is much better.  But if you only want to dig a hole in your backyard, why go buy a bulldozer?  Sure you could dig quicker, but you just want a small hole to play in!

It's the same here.  I don't want to spend 50k on machines that hash a TH's, i'm just an enthusiast, and I'm willing to fork over a few hundred to have some fun and make some (albeit small amounts) of money.  My GPU has paid for itself already, and with some of the extra cash, why not get a cute little device that looks cool sitting on my desk and makes me a bit of money?  Will I make $50 a year?  Maybe, maybe not (i'll address the next post in another post since it has some math in it), but even if all it makes if $50 of profit, that's still a few lattes!

don't bother with the math portion. you won't make any profit on that usb miner, I can guarantee it.
also, if it's fun for you. okay I can't argue against fun.


Isn't there a website where people can bet on things with bitcoin?  Is there a bet on whether these will make ROI?  I'd love you to put your money where your mouth is.  Seeing everyone else has but you.  We're all buying these with optimistic hopes while all you do is talk smack.  What risks have you taken lately?
611  Bitcoin / Mining speculation / Re: Block Erupter USB owners won't make ROI??? on: June 22, 2013, 04:58:14 AM
I don't see the big deal here if you are long on Bitcoin. I've been mining for three years, and I hope to be mining for the next three years and beyond.

All this talk of not making ROI in 3-6 months seems a bit short-sighted IMO.
I agree.  Making it back in 300 days is actually a great return on investment in todays environment.  Assuming you paid 2.2 BTC for one:

Conservatively that's 0.0073 BTC per day

Over the other 65 days of the year, you'd make an extra 0.4745 BTC.

That's actually a ~21.5% annual return on investment.  Pretty damn good!  Considering most high yield stocks are around 5%.  And t-a-x free (<--don't want to spell it out for the search bots.)  Sh*t, I might buy more!!  DANG!!
612  Economy / Economics / Re: Peter Schiff on Bitcoin on: June 22, 2013, 04:29:04 AM
I know it's not Peter Schiff, but Erik Voorhees was on the Gold Money podcasts last Wed.

http://www.goldmoney.com/podcast/erik-voorhees-financial-independence-through-gold-and-bitcoin.html
613  Bitcoin / Mining speculation / Re: Bitcoin Difficulty Prediction Chart on: June 22, 2013, 02:26:29 AM
That's making to be a pretty nice hockey stick.  Come sept/oct when KNC delivers, we shall see.
614  Bitcoin / Mining speculation / Re: Block Erupter USB owners won't make ROI??? on: June 22, 2013, 02:24:07 AM
Can we all agree that it will take 10-12 months for ROI per USB?  Regardless, it's pretty freekin cool!

No. I am afraid we cannot agree to that. It is not cool.

In other news, I should make a USB drive with a bitcoin sticker on it and sell it for 1 BTC.
The fact that they produced a product and sold it for bitcoin is bullish for bitcoin.  It supports the economy.  They will be nostalgic.  30 some years from now, we'll be sitting around in our rocking chairs talking about those little USB sticks.  Kinda like how they sit around now talking about Honus Wagner baseball cards and comic books.  So don't be so quick to dismiss these little suckers.  Run 'em 24/7, but keep 'em cool, cuz they are cool.

I don't wax nostalgic about the 80286.
They didn't wax about comic books in 1940 either.
615  Bitcoin / Mining speculation / Re: Block Erupter USB owners won't make ROI??? on: June 22, 2013, 02:07:20 AM
Can we all agree that it will take 10-12 months for ROI per USB?  Regardless, it's pretty freekin cool!

No. I am afraid we cannot agree to that. It is not cool.

In other news, I should make a USB drive with a bitcoin sticker on it and sell it for 1 BTC.
The fact that they produced a product and sold it for bitcoin is bullish for bitcoin.  It supports the economy.  They will be nostalgic.  30 some years from now, we'll be sitting around in our rocking chairs talking about those little USB sticks.  Kinda like how they sit around now talking about Honus Wagner baseball cards and comic books.  So don't be so quick to dismiss these little suckers.  Run 'em 24/7, but keep 'em cool, cuz they are cool.
616  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 22, 2013, 02:02:48 AM
I emailed KNC and they told me any new orders made now will be shipped in Oct.  That was as of 2 days ago, 6/19.
617  Bitcoin / Mining speculation / Re: Block Erupter USB owners won't make ROI??? on: June 22, 2013, 01:47:03 AM
Can we all agree that it will take 10-12 months for ROI per USB?  Regardless, it's pretty freekin cool!
618  Bitcoin / Mining speculation / Re: Block Erupter USB owners won't make ROI??? on: June 21, 2013, 03:12:56 PM
Mine PPcoin with them

Edit: ^ dough!!
619  Economy / Scam Accusations / Re: Is KNC miner a scam??? on: June 21, 2013, 02:44:49 PM
your money, your decision. do your research, know what you're getting into and be aware that although kncminer seems to mean well your investment could very well just go down the drain. consider other asic projects to avoid putting all eggs in one basket.

be aware that difficulty will skyrocket even more and that mining means that you're in it for the long run and that it might take forever (in BTC time) to make your money back. (if you make your money back)


+1

Totally agree,

If you're confused.Diversify investment, minimizes losses
I have money in BFL, cloudhashing, ASICminer, too, so where else to diversify? No Avalon here tho. It's just, who else is selling a 350gh Asic right now?  It's rather convenient at $20/Gh.
620  Other / Beginners & Help / Re: Used laptop, wallet synced almost immediately? on: June 20, 2013, 09:15:58 PM
The newer versions of Bitcoin QT load incredibly fast. Use to take a good day or two to download Blockchain, for me atleast.
That makes sense, it took forever on my dad's computer though.  But his connection is like 1Mb/s.  Mine is much much faster.  I get so frustrated when I go to his house, haha!
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