Bitino.com is Hi/Lo Card Game for Bitcoin.It's lots of fun and provably fair! To get your 100,000 Free Satoshis just go to http://bitino.com and paste your personal deposit URL into this thread. We will credit it with 100,000 Free Satoshis which you are free to play with and then withdraw. Please then tell us what you think about our game. You can't get better than that! First 20 responses only! 1GWXBnoVqCtb7Z4mWBPzFrkJBgp8h3LWvy |
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You are trying to buy them about 4x less than market rate?
consider this just a limit order, to get filled at that level |
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Whether I agree with the article or not, it's got some pleasingly considered and impressive reasoning. Again, reguardless of my political position a speach by Obama is so much nicer than one by Bush. It's the same in England with the shouty mindless tone of most politics.
Also, this is probbably taken completly out of context, but.
"Our highly leveraged financial system simply cannot tolerate monetary deflation."
lol, Too many bulls (like me) on high leverage? What ever happened to money transitioning into stronger hands?
this is very true. the institutions are leveraged 45 to one. many will collapse with deflation just 5% in the wrong direction of their holdings and speculations. Leveraged bonds and bond futures. |
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I'm still relatively new to BTC, but I still find it hard to think in terms BTC pricing. For instance, if you told me a watch costs $10 USD, I'd say that's fairly cheap. If you told me the same watch costs 1 BTC, I wouldn't be able to say whether that was "cheap" or "expensive" unless I knew what the BTC/USD exchange rate was.
My point is, when I think of pricing in USD, I don't have to convert USD to JPY or CNY or EUR ... I just "know" because I have a feel of what other things cost in USD, so I have a frame of reference.
Anyone else have trouble gauging BTC's relative worth/cost?
correct, and MANY MANY MANY companies use this "frame of reference" naivety to skim profits off of consumers that do not keep up with exchange rates. example: when Apple or Sony decreases prices of their old hardware 2 years later, it is *usually* because of exchange rate fluctuations that have occurred within that time period so great that they cannot fool enough consumers into thinking they have a fair price. It actually has very little to do with the age of the hardware or giving a break to consumer loyalty. currently in the bitcoin economy, yes there is a lot of volatility, as such you cannot keep a price the same for 2 years with people thinking it is a fair price. but your frame of reference is actually something companies count on to gyp you every single day, because they are aware of the exchange rate, which also changes every single day. |
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I'm looking at ASICMiner shares and I've seen a substantial price difference between these two exchanges. I'm new to this process so I may be missing something simple but it seems like buyers would bid up the lower priced exchange until the prices were the same.
Is this just an artifact of an immature market?
(No offense intended by the word "immature". But I can see how people might choose one exchange over another if one was less credible or new to the marketplace. I can also see a situation like this when there's not a lot of volume and the prices could momentarily or for a short time, be out of whack.
I can also see [and perhaps this is most likely] that if transactions are cumbersome there is less to be gained by arbitrage between the two exchanges.)
Any insights?
volume is low and transaction fees regimes are completely different on those two exchanges |
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buying ripples at 40,000 per 1 btc
liquidate while you can. PM me
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gold miners are getting wrecked at current gold price volatility, so I would need assurance you guys just aren't raising capital to cover existing expenses and quarterly shortcomings
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Hey guys, so my electric bill finally came in!
I had 5000 megahashes running for the entire month of April 2013.
March 2013 the electric bill was $180, April 2013 the electric bill was $360. Without factoring in heating differences in the weather and stuff like that, this eludes to a hardware mining overhead cost $170
is this good or bad, what are my kilowatt hours, and how would I calculate that?
mainly curious because I have sold off some of that cluster computer already, but plan to buy more hardware factoring in these variables
Your kW/h/$ is very high. Consider getting a new power company if possible. Buy a grid-tie solar power system if you plan on mining at that speed. It'll be worth it over time. can you elaborate? what are more KW/h/$ and how would I personally calculate that? I would like to be able to put these numbers and hypothetical numbers into mining calculators |
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Its an interesting idea but hardly a holy smokes moment......in my opinion because a single person in the house introduced a bill. there are 435 people in the house introducing bills. it looks like a MUCH more constructive use of the fed's open market operations. oh yeh they also mentioned bitcoins at the top. |
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Hey guys, so my electric bill finally came in!
I had 5000 megahashes running for the entire month of April 2013.
March 2013 the electric bill was $180, April 2013 the electric bill was $360. Without factoring in heating differences in the weather and stuff like that, this eludes to a hardware mining overhead cost $170
is this good or bad, what are my kilowatt hours, and how would I calculate that?
mainly curious because I have sold off some of that cluster computer already, but plan to buy more hardware factoring in these variables
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for subscribers on ripple.com on or before 9 may 2013 Announcing....
At the end of May, we will begin a ripple (aka XRP) giveaway to everyone who signed up for our email list on or before May 9, 2013. Tens of thousands of folks will be getting ripples! We will be sending emails for this ripple giveaway in batches. Everyone who is eligible will receive their giveaway email by the end of the month.
Thereafter, we will start a Developer XRP Giveaway. This giveaway will be designed specifically for software developers with the goal of introducing the Ripple protocol to them. If you are a coder interested in our developer programs, we recommend you subscribe to our developer email list and follow us on Github.
If you have more questions or want to chat with us, you can always find us in the Ripple forum or on Twitter.
Thanks! interesting, I have an account on ripple but I can't even see which email I used to sign up *confused* |
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I heard there was a new ripple giveaway, where is it?
apparently I post too much to use the search button, or something. I always get errors
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lol wow looks like I sold at the right time!
I heard there was another giveaway, where is it?
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oh I am aware of all these things. No stranger to the exchanges, got educated on the scams.
I am considering issuing a security, but it isn't a mining company or gambling company or fund, so I am still trying to determine what the appetite is... before I post about it and get accused and slander all over this subforum.
The reason those types are so popular is that they are arguably able to be based in bitcoins and avoid the exchange rate risk. The fundamental question you will have to answer is: will you be able to beat simply holding bitcoins? I agree with Peter Lambert. There's a likelihood that for the next few years, simply holding BTCitcoin will blow away most any company. If you can achieve 150% - 400% annual growth rates, you will probably be within shouting distance. Can you do that? Having said that, this might just be the right time to do what you are considering. Right now, I'm also considering the idea that the USD-BTC exchange rate may remain fairly flat (+/- 20%) for as much as the next 18 months. But hey, predicting the future is so much easier after you see it happen.  The miners are so compelling because you receive a dividend and some of them even attempt to stay abreast of the network hashrate, meaning that your dividend grows at the exchange rate when considered in USD. Can you offer growth that attains that? I think that the most interesting story is ASICMiner, as you probably know. But have you considered this: the initial investment for a board seat around Sept 2012 was BTC500 which was something like $5500 - $6500 at the time. Maybe even less if you had been hashing for a while. That was for 5000 shares, currently worth about BTC7000 or about $770,000 today, only 8 months later. That's after handsomely paying you back for your investment by the Ides of March. All that happened without the involvement of the mainstream stock markets and their hampering rules, regulations and fees. How do you trump that with a non-mining company? If you can, I'm looking for diversification, but hey, this is BTCitcoin. Gimmie my dividend. Preferably daily.  well my idea is bitcoin denominated, in the bitcoin economy, that will benefit all bitcoin and cryptocurrency participants and strengthen the economy if the idea is sound |
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bump, what information do I need to get the scammer tag on this person or raise awareness or whatever. I don't advocate baseless scammer tags or anything
screenshot from PM? maybe a wget or something, just not really sure what the standard is here
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1) Login to Bitstamp.net (create an account if you don't have one)
2) Go to Deposit
3) Click Ripple
4) Send the Bitcoin balance from Ripple client to the address shown in Bitstamp
*Note you can only send USD or Bitcoins to this ripple deposit address, if you try to send XRP or other currencies they will send it back*
5) Bitcoin balance will appear in Bitstamp
6) Go to Withdraw in Bitstamp and enter your bitcoin address
Done.
THANK YOU just turned my free ripples into 3.63 btc, so $428.34 as of time of writing, the transfer was very fast thanks to ripple, now doing the slow transfer to one of my wallets who asked for the lecture on debt, I don't mind ripple? thanks again dave! |
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Hello
I sold my ripples for btc, in my ripple client.
so now I have several btc but can't figure out how to transfer those to a bitcoin wallet that I control!
help?
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the thing about companies claiming to mine a gold mine, trading over the counter, is that historically it doesn't matter how much information they give, all of it can be for not.
can't wait till we here about the geologist, carry on.
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No, eventually the company MUST pay dividends, as that's the only way a shareholder can realize benefit in holding the company(other than waiting for the rare event of some other company acquires your company with cash). A company can delay dividends because it can better use the funds to grow, but eventually it will HAVE to pay dividends. Even the mighty AAPL pays dividends, so does MSFT, INTC, NVDA, QCOM etc... they were once all non-dividend paying growth companies, but eventually, they pay dividends.
not really, often times you see a one time special dividend, singular, to return money to shareholders dividend companies generally pay dividends quarterly, not weekly or daily like bitcoin mining and gambling companies have been doing AAPL was a non-dividend company for 20 years obviously you distinguish yourself as a dividend investor, but there are plenty kinds of market participants my question is if the bitcoin community, the whole thing, has a risk appetite for growth companies. paying dividends quarterly, or weekly or daily, has nothing to do with a lack of transparency There is a risk appetite, no question. Being in BTCitcoin itself is a risk. The trading platforms are a risk. Everything here is high risk. One of the differences here is that there is no tax on the dividend payment. A public company pays tax on the dividend as income, and the shareholder pays tax on it as income as well. It's double-taxed. In the BTCitcoin world, because the companies are not recognized to exist, there is no legally recognized profit, there is no tax. Usually there is no or little view into the bookkeeping, and no auditing. This is also a risk, due to the fact that the company could potentially end abruptly. For that reason, dividends are usually required to be high and often. The investor wants to be re-paid for his investment in months, not years or decades. Take some time to research the scams, destroyed exchanges, holding companies and general volatility. I recommend taking about BTC30 and investing it in multiple places for a month or so. Spend time understanding the exchanges and sites you use and how other people view and use them. There is no legal recourse to protect you. You must use your wits and think hard about your exposure. oh I am aware of all these things. No stranger to the exchanges, got educated on the scams. I am considering issuing a security, but it isn't a mining company or gambling company or fund, so I am still trying to determine what the appetite is... before I post about it and get accused and slander all over this subforum. |
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