Doubt not my wisdom
Good luck selling that. A correction isn't a trend - with everything going on, volume of trades can break support more easily than it can resistance. Especially since the average use doesn't doesn't place long term orders. And small time miners supply the majority of the resistance. That being said, I'd be shocked if we see anything being traded under $10. It can only trend up as the USD continues to fall. |
|
|
|
My scam-detector is showing "scam detected"  Yup - yours and everyone elses. |
|
|
|
|
I like making money... or in this case mining currency. Why not save the world while doing it?
I believe that bitcoin has the potential to throw off the yoke of dictatorships and governments in general - if people (individually) controlled the money supply we'd be much more able to hold governments accountable.
|
|
|
|
|
Having a water-block as an option is nice. Maybe we'll see some other accessories / product lines develop here. I'm imagining rack mounted sc rigs with the noise and heat moving via fluid into sound proof cooling closet. But ya - that's just me.
|
|
|
|
I am just wondering if it will be as big a boon as people hope/claim being it is so close to halving. There will still only be 7200/2 coins available no matter what ASIC you have. Maybe if there were deliveries in October but that seems unlikely.
I was under the impression that difficulty can only increase by 4x per adjustment... so if we're scaling up to 10x or 20x difficulty, it could take awhile before the difficulty scales up to where it should be. |
|
|
|
|
I've got a mondohub - works great. manual buttons are nice (they control if that port gets external power or not) - and having LEDs attached to each port switch is great for identifying if you've got a power delivery problem.
|
|
|
|
Wasnt BTC cpu mined at first? How did that change to GPU? Can the same be applied to LTC with the FPGA's ?
Yes of course, but the proof of work is different... it's been designed to need fast access to large amounts of memory, so you'd be looking at an entirely new pcb - probably with memory on it - and usb likely wouldn't push enough bandwidth to keep up with 1 (and certainly not 5) fpga ltc miners. |
|
|
|
Wait, There's still an 'occupy movement'  I thought that was dead & debunked. |
|
|
|
Well, being late to the scene, I'm considering buying a little sc unit from butterfly labs but I have my concerns about profitability (in part because no deliveries have been made yet and no effect can be seen yet).
However if it is still profiltable after a few months I would buy an asic unit and start mining as a first time miner.
(I have a laptop with internal video card for the moment, i even tried cpu mining a few months ago hehe..)
Never too late to start mining.Just get what you can afford & reinvest the mined BTC in another device & so on.Eventually you will get to a more profitable point. Thats my thinking for my situation,but,don't put in what you can't afford to tie up for at least 6 months to a year. I like your thinking Meatball,thanks for sharing  [/quote] Exactly personally I re-invest about 20% of what I mine into new hardware. . . seems to keep my income increasing so far. |
|
|
|
Seriously.. Why does THE important thing for bitcoin seem to be how many merchants take the currency? I mean.. good luck going anywhere with a bar of gold and buying services.
No, it's like this: The best thing for bitcoin is adoption. Adoption can come in many forms. vendors could decide to accept it (slowly over time). Some mega-corp (like visa, western union or some bank) decides to start using to move money internationally. It replaces paypal by becoming easier to use, more reliable and less of a headache. Heck if all it got used for was domestic western union style transfers - we'd start seeing a massive upswing in transaction fees. |
|
|
|
Nefario set the whole thing up in the first place so dont go bullshitting that anyone else put him up to it.
Still we don't know the entire situation at this point. Additional information may surface soon. I would encourage all people involved to present evidence of the entire chain of events leading up to the closing of site. Barring that, since I've now written off my losses, I'm going to stop caring what happens here. P.S. Thanks for the prev. edit you adjusted it to say what I meant. |
|
|
|
|
That's a good idea - time for full disclosure. It's looking more and more like your 'company' was taking advantage of nef, and when he didn't get something(s) he was promised he turned the tables on you by going to the authorities and revealing your grey-market-ness.
Also - tho bitcoinglobal may have been operating at a loss - I'm fairly certain that GLBSE was turning a tidy profit. Also the dishonestly of everyone involved in this whole fiasco shows through, when people are trying to sell shares in a defunct company (insider trading at the very best).
~
On that note - Nefario can keep the balance of my account on GLBSE, all shares I owned etc. Consider it my personal gift to Nefario for the good work he's done up to and including going to the authorities.
|
|
|
|
I kinda doubt that you have a 7990, cause they have been out out for like 20 days, and you can't find them in mot countries. And only PowerColor makes them (I think) and I wont buy PowerColor ever again But yeah you are right! Right... I don't have one. Just like BFL is a scam. Whatever. I'll just leave this here.  Damn Inaba - don't ever get tired smacking down haters? |
|
|
|
|
I think that's really cool
|
|
|
|
I can see why switching to a different crypto is a none starter - but not rebranding, maybe we need to loose the bitcoin name recognition!
The momentum wouldnt stop, people who know about it and use it now will know the new name and thus continue to use it, the general public who haven't heard of it yet (but more than likely heard something about some funny internet money that got hacked, this stuff sits in peoples consciousness, there, but not enough to recall) will learn it by the new brand, something that doesnt confuse the hell of them. How many times are you met with utter confusion when you try and explain bitcoin "but how do computers make money" "who gives it the value" - calling something a coin that is not actually a coin, it just the first mental trip wire that goes on in peoples heads (in my opinion, based on nothing but my own view point,observations and life experiences)
"What's in a name? that which we call a rose, by any other name would smell as sweet"
Also, I think a rebranding project might actually run better than a lot of big companies do, I mean, its open source, shit gets done when everyone chips in.
I think any publicity is good at this point... the time table for mainstream adoption isn't quick. We're talking at the very least a couple of years (more likely 5 or 10). So while publicity from sr and ponzi schemes seems bad right now... if a few year or 5 or 10... then it becomes an asset to bitcoin, because the network and the community survived it. just my opinion tho. If you do start a rebranding campaign - that's an epic undertaking, you've have to get pretty much everyone on-board with that or it wouldn't stick. |
|
|
|
They must know what they are doing, since they are taking so many back, and for the same price they sold them??
Their customer service hardware is almost too good to be true. Maybe thats why so many people are sceptical confused?
FTFY - but in all fairness, they're turning over a new leaf with Josh joining the company, and he's gotten more random stuff to enhance customer service done since he started than they did the entire year before he was there. |
|
|
|
Aha, now I see why you are so resistant. Like DeathAndTaxes, you think I'm trying to replace bitcoins. I'm not. I want bitcoins to succeed just as much as I always did, and I hope the Bitcoin Foundation can help achieve that. I intend to help the foundation however I can in that regard.
 Yes, well. Because you said it. Either this post is BS or the OP is. Either way I'm out, since attempting to reason with you seems about as useful as chasing a hyper-active gerbil. |
|
|
|
Just because it intangible - doesn't mean it isn't valuable.
See: God
Just because it isn't back by anything doesn't make it worthless.
See: Feelings
So bicoin is like God and Feelings? Oh my... Well, you're obviously having trouble explaining it to a certain segment of society who aren't... shall we say... well educated on technology. Using these words makes reassures them... without them even knowing. |
|
|
|
This is true, however, I anticipate that after ASIC's are about and hashing publicly, the difficulty will rise so high that owning a Jalepeno will be like using a X750 or X770 ATi card.
Agreed. Its interesting to see the people who are buying 2 or 3 of these devices think they are gonna make millions.. they aren't thinking about the difficulty increase On a long enough timeline you're correct (of course) - I believe they'll be slightly better return than the same money spent on a video card initially. I project the difficulty will stabalize at a point where an SC single makes between 3 and 4 times what an fpga single makes right now. Something to recall is the ASICs will have a much lower power consumption and that (at least in the USA) should drop operating costs for most miners. I don't know about everywhere else, but here we have a percentage based rate... in my area it's 11 cent up to 625kwh then 13 cent @ 110% and 15 cent @ 120% then jumps to 35 cent over 130%. Which frankly is a moot point for me since I've offset most of my electric with solar panels. But that will affect some folks at least. Of course in another year, instead of 5x or 10x difficulty we'll see 20x or 30x and then it's a race 40x as peoples initial re-investments get paid off and everyone starts scaling up. At 40x difficulty - an FPGA single would take a loss for mining if paying 13 cent per kwh. And SC singles will still be hitting ROI in under a year. |
|
|
|
|
Show Posts
