This got me into thinking: how would you know if they haven't completed the development of the hardware and have started mining Bitcoins themselves? If you think of the profits, it all makes sense.
Welcome to BTC Talk circa April 2013 |
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This thread is awesome and I anticipate further predictions and buy/sell antics eagerly.
Whats your take on Litecoin?
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try the search function
you dont really have any clue what you are talking about
ps4 uses 2011 graphics tech and does maybe 300kh/s on a good day
thats if sony allowed such code and someone bothered to write it
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Before 6 years there will not be enough people left in the world to become bitcoin users
Moore's law will outpace bitcoin once there are no more people left to use bitcoin.[/size]
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Whats the issue with BTCe? The owners are making millions they want return customers
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You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..
thats what they said about $1000 hows that working out |
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As someone who has been in the LTC mining game for a while, heres the scoop.
When huge price jumps like this occur, everyone tries to mine.
Then shortly thereafter, usually there is a big price correction, and a huge difficulty increase.
So consider whether you like mining with $15-25/LTC and a difficulty of 3500-5000, thats likely the outlook for Early 2014.
Who knows, but the price jumps in LTC were on low volume, and likely the result of big players manipulating the market, so beware.
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You are lucky to lock in a BFL 60Gh/s unit on ebay for under $3500. And they said there would never be ROI on these....LOL!
So they are charging about 3 BTC for them. You realize most people paid 25 - 100 BTC for one, right? Apples and Oranges. They could have paid either with dollars or BTC, it did not really matter because at that point in time they had a specific conversion rate. That is like a Silk Road guy bitching because he ended up paying $50,000 for a nickle bag last year if you figure in today's rate. Or buying 5000 acres of Florida property for 10 cents per acre a century ago. Currencies have a value peg when you spend them. You can't cry that you sold your 69 GTO 25 years ago for $1000. At the time, it was the going rate. You cannot ignore the temporal nature of the universe to prove a point. If you bought a BFL unit you can today practically double the stack of your dollars by reselling it. That is by no means a bad deal. Perhaps you would have been happier buying shares of Facebook, Pizza, Hookers and Blow, or just letting it sit in BTC. But that really is not the point. Im not really sure what your point is? The cost of a miner MUST be denominated in BTC (cost = X). This miner will mine Y amount of BTC in its life. If Y isnt higher than X, the machine will never ROI. Its pretty simple. I sold my BFL 60 gh/s miners for $1600 each on ebay back in Oct and bought BTC with the money. At roughly $200/BTC, I got 8 BTC per unit. It wasnt possible for them to mine 8 BTC over their lifespan, so this was an easy decision (sell to people who dont understand 3rd grade math). |
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Its definitely an issue, a few weeks back I bought a few pairs of sneakers for 26 litecoins
LTC-->rocketship
Those were some expensive sneakers man
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I am also thinking about it. And what do you mean 10 at a time?
Also since i am a noob at mining, is this easy to mine other coins with the same encryption? like ppc?
And generally speaking how many years is the life of those asic miners?
' Haha how many days you mean, and the answer is maybe 100 if you are lucky |
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It is a real question. Many people do not accept the legitimacy of the state and do not want to finance the murder and imprisonment of their fellow humans and the eventual destruction of civilization. Many support bitcoin precisely because its deprives the state of its power to do evil.
Thats a powerful post and one which we should give pause to consider. I accept the legitimacy of the state to protect my personal freedom to act in such a way that does not infringe on the rights of other people. However... The current situation we have here in America is a far cry from that, because our actions are dominated by a corrupt military-industrial complex and a broken political system which is controlled by an extortionate cadre of banks and financial institutions. This makes supporting the state at the least very distasteful, and at the worst ethically reprehensible. If Bitcoin does indeed become BIG, as in really big, I can easily see America getting wound back in 50-100 years to a vision closer to that of the founding fathers, because many of the most wealthy and influential people in Bitcoin share the vision of a smaller, less powerful, less corrupt and less violent federal government. |
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Agreed we need a good nickname as I plan on giving away a lot of "bits" to friends and family this year.
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You cant horde 100%, it not good for the crypto-economy. Spend 1-5% of your stash per month. Also, you should give away .1 and .01 to friends and family as a gift. Best way to educate the masses is to donate some to them. I like these two stores, for BTC and LTC respectively: https://www.bitcoinstore.com/https://www.ltcasics.com/ |
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 HAPPY ENDING!!! So in preparing a big list of notes and possible password parts for Dave and a few others, I decided to once again go into the 200 password list I created and copy and paste every single one into bitcoin-qt. About 80% of the way through the list, it worked!!!! I had gotten one of my modifiers wrong, I was 99% sure it was "XXX" as a prefix and suffix, but it wasnt. It also is indeed a 22 character password as I had thought, so it was out of the range of pure brute force and I knew my only hope here was myself combined some clever programming (Dave was going to take my notes and take some sniper shots, rather than spray-n-pray). Despite wanting to fall into pits of despair, I kept at it and just kept at it with my notes and phrases and combinations, and eventually it clicked. Suffice to say I feel like a new man and a huge, HUGE weight has been lifted off my shoulders. Honestly I was getting very negative and depressed about this whole situation, and even though its just money (and not even my rent money, just some extra savings) that I could be so stupid was pretty upsetting. It turns out, the password was INDEED so close that I could taste it, I just had to experiment with various combinations until my brain spat out the right one. The reason I had forgot it was simple: I dont spend bitcoins everyday, maybe once a month or two. So my new resolve is to spend bitcoins at least once per week. Thanks again everyone for all your help, Im very relieved and ecstatic right now! Definitely going to celebrate, spend some bitcoins, relax, and get back to enjoying life.
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Clearly, this is a top flight news service!
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I dont think there is any factual errors, the author simply doesnt "grok" that the central premise of Bitcoin is decentralization.
Articles like this by college educated professionals with big 401Ks make me think mainstream adoption might be 10+ years away.
Bitcoin is so revolutionary, people dont even get it. Their mind cant even comprehend why something like BTC could be useful, even essential.
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I truly appreciate your prospective. You have brought something’s to my attention that well better my posting in the future. I promise you. I will never support nor endorse a SCAM. If I catch wind of a source being dishonest. I will be the first to call the perpetrator out. My group and I stand against people who try to scam.
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Write down all or any parts.
Yeah, thats the annoying part. I have used the wallet to send funds several times. Thats why this is so frustrating. Thanks for posting Dave, its pretty much anybodys Bounty at this point, so I will ship you the info soon as well and lets see who can find it. I received a few PMs, and a few nice offers of help but please dont hesistate to PM me as the more people hunting, the better the odds! Im confident that it will be recovered through either my brain working properly or brute force, sooner or later. The BTC arent going anywhere. |
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Well, as embarrassing as this is, apparently I cant remember the password to one of my wallets. Ive been trying for the past two days with a text editor, writing down all the combinations that I think it could be but ultimately none has worked. The most frustrating part is I feel like I do remember it because Im not going crazy, but its just not working. 100% I know parts of the password so I do believe that recovery should be technically possible with some type of brute force attack. http://www.walletrecoveryservices.com/ claims he can do it, however when I email him he said he is super busy right now, cant take the case yet and charges 20% of the funds recovered, which in this case is 10BTC or roughly $5,000 USD. Now, Im willing to pay that, as gross as it is, because 40BTC is better than 0 BTC however because 1) he cant even take the case yet and 2) when I tried negotiating a lower rate, he stopped responding to my emails, so for now Im looking to the community for help. I think this could potentially be very easy, as I know that the prefix and suffix to the password is "XXX" and the words in between do not contain spaces or symbols, are ONLY lowercase letters and numbers and are probably only around 15 characters long, and I have some other good guesses about what they are. Brute force could maybe do this in a matter of days. What are my options here? Im considering some type of homebrew solution, but my technical knowledge is extremely low as Im not a programmer or coder, just a miner/technology enthusiast. I have a bunch of GPUs! Surely these can help with PW cracking. Ive read this thread obviously: https://bitcointalk.org/index.php?topic=85495.0 but it seems a bit beyond my capabilities and Im not on Linux - just win7, and I have NO experience in this field. If a known, reputable poster here has experience and ability in these types of solutions, please contact me via PM and we can arrange something. I would be sending you part of the wallet, not the whole thing. Im perfectly happy to pay for help, but sadly I dont have as many BTC as a lot of people on here who have been in the game for years, 50BTC is a lot for me, and its very hard for me to replace that amount. Thank you |
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