I understand there are a lot of fees involved when buying that many Bitcoins, but $274 worth of fees per Bitcoin?  That would mean they paid $39,549,708 over market value..... It doesn't make any sense. I expected them to go higher than market value due to fees of buying that much Bitcoin, but $274 per Bitcoin is a little much. I could of bought them that many Bitcoins and only taken a $100 per Bitcoin cut ($14,434,200.)  I guess you need to take into account of how buying this much Bitcoin would affect the market, but damn that seems like a lot. No, actually you can't, if I gave you $20m right now and ask you to return me 32000 BTC in a week, you can't do it on open exchange without pushing the price up to $800-$900 level. That's true but why would you want that many btc at once? Spending spree at overstock? If you want to hoard that many buy them slowly over a few weeks time and pay no markup over spot. There's a ton of reasons, for example there's currently several ETN trying to launch on wall street, and all of them will need a ton of BTC reserves on hand to start their operations. Or maybe just some rich guy thinking BTC price will explode in the coming weeks and trying to get in as soon as possible, and he might be right (or wrong). |
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As there are asic mining hardware setups, and hardware wallets, is it an option to produce plug and play storage for the blockchain ?
I don't see an option to choose where to store the blockchain in the core client as it stands - is this a likely development to encourage something like this to be possible ?
of course it is, just put the blockchain bootstrap file on a USB drive |
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我公开拍卖，找了一帮了，每人交20万美元保证金，然后最后我说，拍卖完了啊，中标人我不能说，成交价我也不能说，大家看啊，比特币已经转到中标人的地址上去了啊，大家散了吧。还有比这个更黑的吗？
我没明白啥意思，如果政府不想卖的话，一开始就不卖就行了，没必要搞一个拍卖。 |
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I understand there are a lot of fees involved when buying that many Bitcoins, but $274 worth of fees per Bitcoin? That would mean they paid $39,549,708 over market value..... It doesn't make any sense. I expected them to go higher than market value due to fees of buying that much Bitcoin, but $274 per Bitcoin is a little much. I could of bought them that many Bitcoins and only taken a $100 per Bitcoin cut ($14,434,200.) I guess you need to take into account of how buying this much Bitcoin would affect the market, but damn that seems like a lot. No, actually you can't, if I gave you $20m right now and ask you to return me 32000 BTC in a week, you can't do it on open exchange without pushing the price up to $800-$900 level. |
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When both amazon and walmart accept it, all the previous merchants are big for us, but tiny compared to amazon/walmart, they do like 1% of their sales volume.
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great news! also newsbtc reports: 42 bidders, 186 bids, 48k BTCs worth of bids for 29k BTCs I suspect from these numbers one could take an educated guess about the amount per btc, right? maybe someone with a mind for arithmetic can take a look but it seems to me that if 186 bids were made by 42 ppl thats 4~5 bids per person, or each coin had 1.5~ bids each on avg... in that case, 48k / 1.5 would be 32k = 3k more than 29k, so each coin was won at 10% more than market... i made a mistake somewhere in there right? lol http://newsbtc.com/2014/06/30/us-mar...tcoin-auction/Yep, that means this price did NOT win any of the auction blocks: $670 No, second market's highest bid was $750, their average of all bids is $670 (they put in a few low ball bids too, like $600). They have announced that they did not win any bids. So this means that this price did not win any of the auction blocks: $750 |
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This is huge news actually. Newegg is 4 times bigger than Tigerdirect.
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Wait, some one actually said “Litecoin has the best development team”??? I didn't know copy pasting was considered development.
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Step:
1) Buy RP with daddy's CC
2) Use them in LoL.
Much easier.
FTFY. Realistically, from a Bitcoiner's perspective I can see why you'd want merchant acceptance - but from Riot's view I can't see a reason at all to accept Bitcoin transactions. Well I'll give them a reason then, I'm a platinum player in LoL, but I've never bought RP, since it's not a pay to win game, there's no reason to buy, RP is only for buying skins. Everything else in the game can be obtained for free. Plus, I try to keep my credit card usage online to a minimum, to minimize the risk of information leak, especially since gaming companies doesn't have the greatest track record of not being hacked. But if Riot start accepting Bitcoins, I pledge to buy at least 1 BTC worth of RP. |
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They might bid $900, but it doesn't mean they will pay. It could just be a shill company driving up bids.
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20 gigs is not that much any more...but still quite a bit.....this is really quite scary.....
I used a mac se 30 circa 1989 and and lived happily with 20 megs and heard of a mythical 1 gig HD that blew my mind at the time
20 gig is not much, but 20 gig AND growing daily, is VERY scary. Next year we will reach 30+ gig |
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btw, it's completely pointless to rally against GHash.io, since it charges 0 fee and provides good service, eventually all miners will flock to it, as any miner that does not use GHash.io is essentially losing money and will lose the mining competition. The only option is to build another pool with good service and 0 fee, and rely on community donations for operation cost.
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They find the most blocks.
and it's a useless way of mining ... a pool that win more block don't pay more !you win BTC with a constant GH/s speed. even in a little pool ... you win the same amount even if it don't find more than 5 block per day. That's highly misleading, a pool that solves more blocks, has lower variance, and miners LOVE low variance. Because a small pool that has high variance can possibly not solve any block for several days, and then difficulty may go up at this point, and you essentially has lost money. |
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为何天天这么多利好，为何比特币价格还是浑然不动，因为天朝  长远看是利好，但是短期应该是利空。越来越多大公司接受比特币的同时，也会吸引老用户花比特币，这批老用户花出去之后，很可能不会回补。而大公司收比特币也是立即转换成美元。所以应该是卖压更大了。 真正的利好应该是来自下半年，有几个华尔街弄的比特币基金要上市了，总共数亿美元的规模，这些都是巨大的买压，有可能造成恐慌性上涨。 再下一个已知的利好，大概就是2016年的出币量减半了，这个太远了点。还有整整两年时间。不过要知道，上一次减半之后，比特币从$10涨到了$1200 |
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CPU mining is NOT preferable, as it encourages virus and botnets to mine, and soon the cryptocurrency will be associated with virus/botnet and get a bad reputation.
GPU mining is middle of the road, it's possible for virus/botnets to mine, but they can probably be used for more profitable things like paid DDoS.
ASIC mining is most preferable, as it requires specialized equipment, no point for virus/botnet to attempt mining.
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I think it's pretty funny when in early 2010, when you ask nicely to get some free Bitcoin to play with, you don't get 1, you don't get 10, but you get hundreds of Bitcoin thrown at your address.
Two pizzas were bought for 10,000 BTC
Nowadays you are extremely lucky if someone will give you 0.001 BTC for free.
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Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.
Then they would be on the hook for their buyer protection thing and have no way to collect their fees. Do you really think eBay Money Back Guarantee applies when they don't control the funds to the seller? I'll give you a hint... Purchases are covered by the eBay Money Back Guarantee when all of the following are true:
<snip>
The purchase was made with the Pay Now option or an eBay invoice
<snip> IOW, even if the money doesn't go through a PayPal account, proof that you paid the buyer in messages on eBay's site won't be enough, the bitcoin will have to go to eBay first, and no doubt they'll take their cut, not to mention hold on to the funds for any seller that hasn't "earned their trust." ETA: More importantly, it wouldn't surprise me if the refund was required to be in the form of the auction currency and/or the buyer was required to take a loss due to conversion rates in many cases (bitcoin price goes up? sorry, you get less back. it went down? lucky you, you get what you sent back.). They don't even have to hook up Bitcoin to their eBay auction site. It could just be another coinbase type business for them, offering Bitcoin wallet service. Basically they want to kill coinbase, because coinbase is a serious threat to paypal if it grows big. |
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I'm seeing a pattern, the underdog of the industry, trying new ways to attract customers, while the top dog is resisting change.
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well, if it's true, try to get him scammer tagged instead of complaining in my thread.
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This is false; They were hacked in the early days (almost 2 years ago now?) and lost about 4600 BTC.
BTC-e covered this from their own profits, and no members lost any funds. Do you have any solid proof for this? Every alternate day, I am seeing a new thread posted against BTC-E, at the behest of the other exchanges. I am not going to believe anything unless proof is presented.  Why the fuck are you using images to post? |
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