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I think Litecoin is a declining currency and in a couple months will be overtaken by Primecoin. I would not give Litecoin its own catergory.
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It odd that the coin only seems to be popular in Russia. Seems like a good coin, not sure why it is so geographically restricted in popularity
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I really got to post a write-up on the most popular coins voted on for newcomers to check out. I'll run a new poll I'm a couple months. My prediction is once a GPU miner comes on the scene, primecoin will surpass litecoin in popularity.
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What went sour with your Icarus/Yifu transaction? Just trying to understand your 'no escrow' stance; it isn't something seen too often here for high-value transactions.
... Most of us fools, send out our boards, DHL express, paid duties (aka bribes) etc. Guess what happened? Absolutely nothing. Bye, bye the boards, mining profit, opportunity to sell them etc. ... Ok, BitSyncom bailed with your boards. I still don't see the connection with escrow. If you know of any good escrow service in the Toronto area, let me know. I'll check them out. Sorry, I just don't trust some John X in country Y to send BTC450+ coins to, I wish I did. I'm sure for smaller amounts, I would not mind (Hint: I have a Bitfury August kit order for sale for BTC25), but not for this. I'm sure buyers feel the same about me, so that is why I'm offering a local pickup (as scary as it might sound). Anyway, another 19 hours of this ordeal. um john k deals with more then 450btc on a daily basis you trusting him with 450 BTC is nothing. I did a 300BTC deal with John K and I know he has done 1000 BTC deals as well. Or use Dooglus, he is holding 50000 BTC of investors coin on Just-Dice. This is chump change to him. |
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XPM should be on BTC-e, I mean they have all those others *no names mentioned*, at least XPM is actually different.
Would be nice to not have to trade on mcxnow where most the XPM volume is. Seems a little sketchy to me and the other 4 XPM exchanges have much less liquidity. |
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The multi-year deal is great news for IceDrill shareholders and it somewhat addresses my question I asked in this thread that was never answered by DeadTerra or will. I've said previously that mining equipment depreciates in value very quickly and wondered what was IceDrill's long term plan was to upgrade. Now that the Uniquify and HashFast long-term deal is in place it means that IceDrill should have the latest and greatest chips available for the long haul. Congratulations to Uniquify and HashFast and I hope IceDrill can make negotiations along the same vein. Let's separate a PR news release from actual news. This does not mean anything at all. |
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Thought this deserved a bump - any word from the admins at BTC-E yet?
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I don't know who the owners of blockchain.info are anymore than I do inputs.io. I personally use coinbase for my web wallet. Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays.
Surely it's best to use Just-Dice as your web wallet - they pay kind of interest, mostly positive, on balances.  Not sure you can call something a web wallet if you can lose the coins deposited! |
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I agree!!!
How do you buy ASICMiner stock than the hardware!
Thankyou.
ask mechs since he tried to yesterday but fell short on his bid (should have went to 4 mechs its still a deal at that price point) CITM provides a service and a great one at that so imho you guys should let him do his thing here and discuss this here: https://bitcointalk.org/index.php?board=81.0I would have had to bid over 4.1. The PTs are trading now for about 4 BTC so I am glad I did not up my bid anymore. I'm sure another opportunity will come along. You are right though and will not discuss in this thread anymore. |
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Just out of curiosity, do any russian merchants actually accept "Novacoins"? It only seems to be popular with russians and on a russian exchange (BTC-E).
Per google translate:
Просто из любопытства, выполните одну русских купцов на самом деле принимает "Novacoins"? Это только кажется, чтобы быть популярным с русскими и русских на бирже (BTC-E).
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Um, the "Satoshi Dice" guy as well as Dead Terra are some of the most respected members of the Bitcoin community.
Yes, you are correct, you do not get the physical ASIC in hand. If you want a physical ASIC, you can order an Avalon or BFL and wait and pray that you eventually receive something in the mail. If you do receive a unit, you can then worry about your increased electric bills.
Some of us prefer to just sit in our underwear, click a couple of links and buttons and let someone else do all the work while we watch porn and cat videos while collecting a nice percentage of the profits. Is 75% not enough? Should they send us all the profits?
So, what you're saying is that IceDrill.ASIC is sort of like ButterflyLabs, only the product might ship and I don't have to wear pants? Damn, if this were only in the prospectus I think fewer of us would have had questions. We don't have to wear pants to invest?! That a huge selling point |
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If you are betting on the appreciation of Bitcoin and accept this is 99% a losing investment in hardware, why not just buy the bitcoins and put them in cold storage. It would be more profitable to just let them appreciate. Or make a gamble on pre-ordering some 28nm ASIC vaporware - high risk but at least their is a chance of a return if they deliver as promised and on-time.
Because that's not a game, it's a boring banking stuff. I want to have real blinking things that generate non-existing virtual "things" that yet somehow I can convert to coffee when I travel to San Francisco. It's simply fascinating. I am not an economist but a guy who wants to play games. Sorry, I do not have deeper answers  I guess most people are not like me but I am simply having fun with these contraptions. Fair enough. I have a single USB eruptor I run 24/7 on one of my computers. I do not do it for profit at all (it will never break even, but it came close!). I just like to help secure the bitcoin network, without killing my GPU and raising my electric bill in the process. There is a big difference though between spend .35 BTC on a single USB eruptor (equivalent of $35) and $10,250 or 10 blades! |
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blockchain.info keeps your private key on the browser, they never know it.
inputs.io does not.
You actually don't need to trust blockchain.info as long as you have their extension that does not allow changing the JavaScript code.
That interesting, make it more hacker-proof than even coinbase then. But that means if your computer crashes you lose the private keys? When you set it up, get it to make an encrypted (with your password) backup sent to your email & it will send a new one each time that you make a critical change to the wallet I believe, it's probably even simpler than this, so even if you lose your computer if you have access to your email & remember your password then you can restore. Then that is definitely much more secure than inputs.io and even more secure than coinbase (I do not believe they encrypt my private keys with my own pwd but I could be wrong!). Still, I know who owns coinbase and they are very unlikely to run off with the coins. Who runs blockchain.info? |
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[/quote] Profit is not the only driver for me. Really, I can stand to lose $5-10K now playing this game. Hell, I spent more playing way dumber games  But that's what I am doing now - converting some $USD to some virtual things. Let's say I make 50 bitcoins after spending $10,000 today, effectively losing $5,000 at today's rate. Now, what if 1 BTC becomes ONE MILLION DOLLARS (laugh), correction ONE BILLION DOLLARS (holding pinky to the lip). Obviously, I would be better of just "investing" in bitcoins today rather than in these silly blinking contraptions. You said ASICMINER stock. OK, I got some. But are they going to survive in 12 months or not? Dividends they are paying AT THIS TIME are not making me rich. But you know what, I want to play the game. It's all about the game. In effect, without silly people like me buying into a clearly unprofitable endeavor (you got the numbers!), this whole idea of virtual currencies is going to fold. It's a self-fulfilling prophecy of a sort and is dangerously close to a pyramid. Except one thing - it may happen and people will start using bitcoins. So worst case - I lose $5,000. Best case - I make 50 billion dollars and go on a quest to conquer the Earth :O Canary, bring more ASIC! Again, thanks to Canary I can play better! [/quote] If you are betting on the appreciation of Bitcoin and accept this is 99% a losing investment in hardware, why not just buy the bitcoins and put them in cold storage. It would be more profitable to just let them appreciate. Or make a gamble on pre-ordering some 28nm ASIC vaporware - high risk but at least their is a chance of a return if they deliver as promised and on-time. |
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I just wanted to provide some math for those considering buying this hardware like I did: I was thinking of buying 100 USB Eruptors for .32 BTC each (so 32 BTC in all). That would require 10 hubs so assume another 2 BTC expensed there so 34 BTC on all which is now about 3400 USD. The latest difficulty increase is in and we went from 26,160,000 to 50,810,000 in 30 days (from 7/14 to 8/13). This is a monthly increase of 94% - completely insane. This will probably continue for a few months and then drop precipitously once all these new 28nm ASICs come online in the first few months of 2014. Assuming a continued 95% increase per month difficulty increases (a likely scenario for the next several months with all the new hardware coming online). With a USB hub, 10 usb miners plus hub consume 330W/hr. I took my power costs in the US at 0.11 USD per kwh and plugged it in. Not only will you lose money but at a 95% month over month difficulty increase, these miners will only produce 18.65 BTC (out of 34 BTC invested) in 24 weeks before becoming unprofitable to continue running. A pretty big loss. In fact, in order to EVER break even on this investment, you have to assume the month over month difficulty increase will drop down from 194% to 30% to ever break even. A very unlikely scenario. If you do not pay for your power (live in a dorm) then the situtation only a little less bleak. You can break even if month over month difficulty increases drops to 35%. Also very unlikely. Here is where I get my #s: Historical Difficulty increases: http://mining.thegenesisblock.com/95% month/month diff increase calculator: http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=3400&diff_mincrease=95&blpbtc=25&dhsmhs=33400&btcusd_mincrease=0&btcusd=100.00&dpowcon=330&dleadtime=0&pcost=0.11&calcweeks=25&action=calc30% month/month diff increase calculator: http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=3400&diff_mincrease=30&blpbtc=25&dhsmhs=33400&btcusd_mincrease=0&btcusd=100.00&dpowcon=330&dleadtime=0&pcost=0.11&calcweeks=56&action=calcConclusion: Do not buy USB eruptors or the Old Blades if you wish to make a profit. Your only hope of making money mining is to pre-order some vaporware from hashfast, cointerra, or one of the other 28nm newcomers and pray they are not a scam and can deliver on time. It is much safer to simply buy ASICMiner stock than the hardware! The numbers for a blade are no better. Only will break even if difficulty goes up to only 35% month over month at stock speed. Overclocking brings that down only a little (still over 30% difficulty to break even), since significant more power is used for cooling and overclocking (and you need to pay for a cooling unit upfront) http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=1025&diff_mincrease=35&blpbtc=25&dhsmhs=10752&btcusd_mincrease=0&btcusd=100.00&dpowcon=75&dleadtime=0&pcost=0.11&calcweeks=100&action=calc |
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Just some math for those buying these miners. I was thinking of buying 100 USB Eruptors for .32 BTC each (so 32 BTC in all). That would require 10 hubs so assume another 2 BTC expensed there so 34 BTC on all which is now about 3400 USD. The latest difficulty increase is in and we went from 26,160,000 to 50,810,000 in 30 days (from 7/14 to 8/13). This is a monthly increase of 94% - completely insane. This will probably continue for a few months and then drop precipitously once all these new 28nm ASICs come online in the first few months of 2014. Assuming a continued 95% increase per month difficulty increases (a likely scenario for the next several months with all the new hardware coming online). With a USB hub, 10 usb miners plus hub consume 330W/hr. I took my power costs in the US at 0.11 USD per kwh and plugged it in. Not only will you lose money but at a 95% month over month difficulty increase, these miners will only produce 18.65 BTC (out of 34 BTC invested) in 24 weeks before becoming unprofitable to continue running. A pretty big loss. In fact, in order to EVER break even on this investment, you have to assume the month over month difficulty increase will drop down from 194% to 30% to ever break even. A very unlikely scenario. If you do not pay for your power (live in a dorm) then the situtation only a little less bleak. You can break even if month over month difficulty increases drops to 35%. Also very unlikely. Here is where I get my #s: Historical Difficulty increases: http://mining.thegenesisblock.com/95% month/month diff increase calculator: http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=3400&diff_mincrease=95&blpbtc=25&dhsmhs=33400&btcusd_mincrease=0&btcusd=100.00&dpowcon=330&dleadtime=0&pcost=0.11&calcweeks=25&action=calc30% month/month diff increase calculator: http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=3400&diff_mincrease=30&blpbtc=25&dhsmhs=33400&btcusd_mincrease=0&btcusd=100.00&dpowcon=330&dleadtime=0&pcost=0.11&calcweeks=56&action=calcConclusion: Do not buy USB eruptors or the Old Blades if you wish to make a profit. Your only hope of making money mining is to pre-order some vaporware from hashfast, cointerra, or one of the other 28nm newcomers and pray they are not a scam and can deliver on time. It is much safer to simply buy ASICMiner stock than the hardware! The numbers for a blade are no better. Only will break even if difficulty goes up to only 35% month over month at stock speed. Overclocking brings that down only a little (still over 30% difficulty to break even), since significant more power is used for cooling and overclocking (and you need to pay for a cooling unit upfront) http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=50810339.048276&dcosts=1025&diff_mincrease=35&blpbtc=25&dhsmhs=10752&btcusd_mincrease=0&btcusd=100.00&dpowcon=75&dleadtime=0&pcost=0.11&calcweeks=100&action=calc |
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blockchain.info keeps your private key on the browser, they never know it.
inputs.io does not.
You actually don't need to trust blockchain.info as long as you have their extension that does not allow changing the JavaScript code.
That interesting, make it more hacker-proof than even coinbase then. But that means if your computer crashes you lose the private keys? |
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working fine on Win 7 X64
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dooglus: implement Inputs withdraws, pretty please? People keep asking me about them  What exactly is the advanyage of inputs over any other web wallet? You don't need to wait for confirmations (and no TX fees) if you're paying offchain. It's also the most secure web wallet, with 2FA, GPG auth, location based authorization, session listing & management, and automatic tor/proxy block if you have enabled that. you really think it is more secure than blockchain.info? It is when you cast aside any possible trust issues, like a thought of a situation,where site owners run away with your btc. I don't know who the owners of blockchain.info are anymore than I do inputs.io. I personally use coinbase for my web wallet. Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays. |
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