A few times a week I get on Kijiji and Criagslist and look at what people are selling their old bitcoin rigs for and I am starting to get worried that the people who want to get into bitcoin will be shut out making it impossible for bitcoin to get to the next level. Example, is this guy selling his Jupiter for $22K CAD (sigh, smirk, eyes roll) in my area. http://toronto.en.craigslist.ca/tor/ele/4227657189.htmlSo I was thinking of putting together some kind of information page to help the newbs who want to get into bitcoin mining and hopefully drive down the resale market of the used hardware to were it's reasonable. This why I need your input to figure what to add. I would prefer to share the knowledge than to rip some off.  Thanks |
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Even on ebay is impossible to get 29k USD for this set.
Yeah your right likely. This reminds me of the locals here who I see trying to sell their 4 module Avalons for $10,000 CAD. LAUGH |
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680 GH/s Hash Rate ASIC Bitcoin Miners IN HAND
What's Included:
1x Butterfly Labs BFL Bitforce Mini Rig SC 500 GH/s (no Nexus)
3x Butterfly Labs BFL Single SC 60 GH/s
Units are ready to mine and make you money!
Warranty is through Butterfly Labs. According to their web site, all ASIC miners have a lifetime warranty. This warranty is issued to the ASIC device, not the owner, so I do not warrant the device personally. It is currently running and doing great. I have had no problems with the unit. It just works!
Warranty: This unit's system board has a lifetime warranty from manufacture defect or component failure. All repairs, returns, exchanges will be made through Butterfly Labs, seller is not responsible, and buyer agrees to these terms upon purchasing item.
I can demo the units and show you that they're working over Skype or FaceTime.
Asking BTC equivalent of $29,500 + shipping OBO. Willing to use reputable escrow service.
If you are looking to get more than normal price for old hardware I would recommend you sell it locally or through eBay. People here are too knowledgeable on how much your hardware is worth realistically that you won't get anywhere close to your asking price. You probably want to find people who are new to bitcoin who are willing to an arm and leg to get into the art of mining. |
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For those of us who flatly refuse to install flash on a machine we're trying to keep secure, would you care to post the vid in a non-flash format, or even just type here about why you think they'll never be spent?
Get yourself a firewall! |
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In this video I discus how many bitcoins satoshi is believed to own. I also go into how he mined these coins and talk about why I think they will never be spent. Enjoy Video: http://youtu.be/AWtNeaZxT54If you think's that's fun, you should think about all the people who started with bitcoin in 2009 and have lost their wallets over time just how many bitcoins that are out there they will never be re-claimed or re-used again. |
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Several Indian bitcoin exchanges have pulled the plug and halted trading following a statement issued by the Reserve Bank of India (RBI) on Tuesday. The RBI warning advised consumers and investors to steer clear of bitcoin, citing numerous risks associated with digital currencies. The list of concerns outlined by the RBI was more or less standard – lack of regulation, security issues, rampant speculation and volatility. The RBI also pointed out that Indian bitcoin exchanges are operating without regulatory approval, which is hardly surprising given the fact that India does not have a regulatory framework that would encompass digital currencies. http://www.coindesk.com/indian-bitcoin-exchanges-suspend-operations-following-rbi-warning/And yet, BTC up….. logic out the window. Please before you report on this you need to know someone in India who uses bitcoin in some why to get their side of story as the western media lies about things only allow us to hear one side of the story when there are three sides to every story. They did the same thing with China yet people are allowed to trade in bitcoin still and China is still beating the US in daily trading. So plant your feet on the ground in India before talking about things like this otherwise its just hearsay. Thanks, |
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I am not sure if anyone bothered to share this interview back in May of 2013 when it was originally uploaded to YouTube? It's an hour long video done by Real London, which starts at around 9 minute 30 seconds. Max mentions when bitcoin reached $45 per he has several millions as a dollar figure. I found this video very informative which is why I am sharing it. http://youtu.be/_onv9-fHoEcEnjoy! |
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The recent China dump was a deliberate act of market manipulation by the Chinks to lower BTC price and allow China to add to its reserves... FACT!
Any country lumbered with USD will be unofficially buying BTC
You need to get your facts straight. China simply wanted to keep bitcoin separate from the banks and their fiat currency. When you put your fiat money do you really know what happens to it? Do you know the long-term damage that is caused to the government and the banking system when you take your fiat money out and put it into a digital currency like bitcoin? It doesn't sound like you do otherwise you wouldn't be making this accusations about China. Banks aren't going to go down without a fight, expect to see more of this around the world and at the same time the media outlets reporting as they want you to see it an hear it but not what really is going on. This is why I don't rarely watch the news on the TV, and see why now with the control the media has over people like yourself why the "wealthy" not the "rich" are raised without a TV. |
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lol it's not 1.5% but it is a lot I thought it was something like 240,000 BTC from what I saw on articles, definitely a lot but the problem is they haven't been able to access most of it because the wallet is passworded.
lol - like the NSA have no idea how to crack passwords  If you have a password like this ( https://www.grc.com/passwords.htm) it will take the NSA an infinite amount of time to crack it. Enjoy!  |
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In the second half Max talks to a guy who wrote a book on bitcoin, the second half starts at 13 minutes but the first half the show is educational as well. http://youtu.be/8l4vgP3ElwgEnjoy! |
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FYI
I keep getting "502 bad gateway" when I try to connect to this site 50% of the time and it also affects me when posting new messages. (wondering if this email will get posted or not...)
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A ddos attack snuck under the radar for a minute before they got filtered. Apologies for the bumpy ride just now. Mining service looks healthy again now.
Something is still going on as I see my miners going offline for a couple of minutes or in the case of my avalons I see the failing over to my backup pool. Plus I have only received two payouts for the entire day out of the normal 8 to 11 I normally receive at this current difficultly level. |
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It wasn't a sham. The western world media has never been good a reporting the news from outside their own country, they always make it sound a lot worse than it really is. It's likely because they don't and most of use North American's understand the cultural differences between us and other countries outside our land mass. Things are fine in China. It's true the government wants to keep a division of some sort between the bitcoin and banking markets, simply because pour fiat money into any digital currency causes problems for them and you would have to fully understand what happens to fiat moneys when you put them into your bank where they go and how they are used by the bank and the local government. Bitcoin takes that away from them, which is a good but bad thing too, bad for them. So the banks won't go down without a fight! |
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Right, because until people actually move money off the exchange, to the point of no return, most trading can resume as normal. The real consequence to the deposit ban will be a gradual decline in volume as the money that is withdrawn cannot be replaced by money moving in.
This is China we are talking about! Remember they have a big grey market that likely the exchanges will move to allowing people to convert the fiat cash to bitcoin quietly while the government is looking the other way. The western media likes to add drama to their news reporting, blowing things out of proportion, from what I understand in the recent Max Keiser report is that China is still trading bitcoin as usual. |
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I am glad you are coming forward with your experience in dealing with this person. Hopefully others will too. I figure soon or later this person or persons will rip off the wrong person and will either end up dead or in the news, hopefully they end up in the news that way I can make sure they don't get their free get out of jail card! Thanks |
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This guy he interviews has a holding in Quark I presume?
Yes, they talk about bitcoin off and on and bring up what's really going on in China, etc. |
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Is the site under attack? It show's 0.0TH/s and my miners aren't farming anything.  An update would be nice! Thanks, |
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Hi bitcoiners, Some days ago i asked a "famous bitcoin guy" a question, he answered so i donated him a small bitcoin amount. To recognize my donation i send him the link of the transaction id on blockchain but i realized that this method was not enough to grant that i make the donation. The "famous bitcoin guy" believed me but i start thinking that anonymous address are ok in many situation but a simple way to associate identity to a bitcoin address could be useful in some situation and currently i don't know if something like that exist. Technically could work as an HTTP services like that: GET http://address-identity-url/{bitcoin address} return 404 not found or a custom string that could be the real name of the {bitcoin address} owner POST http://address-identity-url/{bitcoin address} write the custom string at that URL, to be succesfull you need to provide an header with the signature generated by the private key of the {bitcoin address} This way, only the owner of the {bitcoin address} could post on http://address-identity-url/{bitcoin address} Before start implementing i would like opinion about this service. Currently, are there other way for optionally associating identity to a bitcoin address? Are there simple way to sign generic data with bitcoin wallet? I think could be really useful, do you? The only way I can see this working is if there was a different wallet that incorporated the persons personal info in the address; a wallet you can use for those special occasions. Otherwise overall it won't fly as people want to keep anonymous. |
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