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Why don't you pool mine? With that setup it will take you ~10 months to find a block if the difficulty doesn't change. Regarding your question, you can pause it and it won't affect probability.
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Well, these guys say they are developing an ASIC miner. According to this it will be ready by middle 2012 |
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I believe it is decimal, but I am not sure. Good question
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So this means that we can predit the Google Trends based on BTC price? Can we speculate on Google Trends? |
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So what is the point in mining??
Surely theres a rig that can be built that could pay for itself and earn real money?
Isnt there???
If you already have the hardware, then yes, it is possible to profit. If you are buying a rig now, it isn't. Well, hardly at least. If the bitcoin price rises, say to $12, you will still earn very little ($2 a day according to Sekioh) and it will take several months to cover the initial investment (or you may never cover it because better hardware will come up and rise the difficulty a lot). In other words, a few months ago you could do it, but now you can't. Unless the bitcoin price jumps to $30 or so. |
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You will not be able to mine with you CPU. If you don't have a good GPU, there is no point in mining.
0.3Mhash/sec is too slow for the network. Your shares will become stale and the computation will be wasted. You won't earn anything.
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I believe those are residual orders that were partially filled. But I never tried posting an order less than 0.1 with the API
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Did I miss something? Wasn't this thread about MtGox phishing emails and countermeasures?  Matthew N. Wright, you should open a new thread to trash people individually. It's common practice here at the forums. |
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Bitmarket.eu requires email confirmation to change the BTC withdrawal address. I like this feature. Does anyone know why none of the other exchanges have it?
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You're missing news sites perhaps... Aren't online wallets and online banks the same?
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He spent about 30k total. He think hes gonna be a millionaire in a year. Not sure how big of a chunk the power is gonna cost him, but im sure its gonna be a lot.
He is going to lose money. If he mines at 20GHash with 9000W with bitcoins at $10 each (now they are at $7), he will cover the initial costs in 1 year and a half. However, the 7000 series will come out in the next couple of months and the difficulty will rise a lot. So unless bitcoin's price jumps to $30, he may never break even. |
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I've been doing automated arbitrage against Mt.Gox, TradeHill and CampBx since about July 15th with $2000 USD and 200 BTC. I've netted ~$400 profit. Average daily is around $7. The no commission days at Gox were great and the loss of Dwolla @ TradeHill hurt and frankly it's really barely worth my effort thus far.
But there have been days where volatility is high and I hit on a $20 or $50 spread opportunity and it brings a smile to my face. It's also kind of nice in that all of the BTC came from mining and I get to follow bitcoin without too much risk.
Do you have to move money around much? How easily do you dry out the funds from one of the accounts? Do you have a "minimum profit" or do you arbitrage as soon as you cover fees? You earned ~10% in almost 2 months. It's not that bad... |
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Outro! O Paypal foi citado apenas como exemplo!!
NÃO NEGOCIEM COM O PAYPAL!
OK, já percebi  É uma ideia interessante, mas se não estás a pensar lidar com Paypal, então estás a pensar lidar com quem? E como garantes que o vendedor enviou as moedas para o endereço indicado pelo cliente e não para outro qualquer controlado por ele? |
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Right now, I wouldn't invest in bitcoin mining at all. Let me make some calculations on how much will he earn... Do you know how much did he spend with everything (cards+motherboards)? EDIT: Those would need a lot of calculations, but at current prices it isn't profitable at all. I think it would take more than a year to cover the initial investment. And who knows how much a bitcoin is worth a year from now... If you want a calculator, check here: http://bitcoinx.com/profit/index.phpThe 5970 should make around 700MHash/sec according to this: https://en.bitcoin.it/wiki/Mining_hardware_comparison |
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With volatile exchange rates (both in BTC and lately in the other currencies as well) and markets in over two dozen currencies, the are plenty of opportunities for arbitrage. The order sizes are generally small though so the amount of profit from arbitrage isn't enough, it appears, to attract automated arbitrage trading just yet.
I believe this is the main problem. There isn't an easy, fast way of transferring money between currencies. So if you want to arbitrage for all exchanges in all currencies, you must have a lot of money sitting idle in these exchanges waiting for something to happen. The problem is that when something does happen, you will not earn much because these exchanges have a really low market depth. It's like walking around the park picking up cents. |
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You are only making good money if you arbitrage manually (and even then, I doubt it). Exchanges with APIs (especially TradeHill/MtGox) are pretty close to each other most of the time. You might want to take a look at this |
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