Is there a link to an accurate estimate of the DATE that the block will split?
It really depends on the direction and size of moves in the btc/usd exchange rate. This is because the pace of block generation (faster vs. slower) will generally follow a price move (increase vs. decrease). For example, currently the difficulty hasn't caught up to the price move up -- and mining is still profitable for most, but only marginally so. So instead of each block taking an average of 10 minutes, it is taking maybe 9 and 1/2 minutes as hashing capacity likely exceeds what the difficulty level target would suggest exists. To get to a rough estimate on a date -- with roughly 7,200 BTC generated per-day then there are then 309 days remaining. This puts the target at December 10th. So to guess at the range then lets say we end up with a $10 BTC/USD by April, and a $15 by summer. Block 210,000 (the first block where the reward drops to 25 BTC) could then come as early as mid-November. If instead we drop back to a sub-$3 BTC/USD perhaps that block will come in late December instead. Or maybe some affordable FPGA or ASIC design ships in quantity and we're there before Halloween! Keep in mind though, no matter what exact day it occurs, it will nonetheless will occur with a known amount of BTCs issued by that time -- exactly 10,500,000 BTC. [edit: added example to explain how price move can affect the pace of block generation.] |
|
|
|
How does one go about using a prepaid giftcard to get bitcoins? PM me for help please.
There are some services which will convert your giftcard to PayPal or Amazon Payments. From there you might find a trade into bitcoins. Your options are described here: - http://bitcointalk.org/index.php?topic=2452.msg661611#msg661611[Edit: Oh . a Pre-Paid VISA debit card. That's more useful in trade. http://www.get-bitcoin.com will accept the prepaid debit card in the mail and funds exchanged (less 3% fee) for bitcoins. ] |
|
|
|
Hello world,
I wanted to know if there is a market for Facebook poker chips.
I need to know how much people would need and if there is a need for high level accounts?
So for now i do not sell i just need the information before setting up a site where you can buy with BTC.
Related: - http://bitcointalk.org/index.php?topic=19004.0 |
|
|
|
E-mail is a horrible method for communicating for services that have more than just a few open issues or customer conversations occurring simultaneously. That's why services like Mt. Gox use help desk / incident management software where each inquiry has a individual ticket with status and other info. Bitcoinica has a private messaging system: - http://help.bitcoinica.com/discussion/newTradeHill apparently manually posts customer e-mails into their ticketing / incident system. |
|
|
|
However, I made a transfer request for an Int'l wire to be made to my Bank based here in the UK. That was on Friday 20th January, which is almost 14 days ago and almost a full 10 business days.
Humans make errors, cron jobs go haywire, AML-related investigations get performed, etc. Have you filed a ticket with Mt. Gox? If so, are you not getting a timely response? - https://support.mtgox.com/home |
|
|
|
what about transfering out, any hoops?
Transfers from Dwolla to your bank can be as early as next day (if you are early enough in the day) to two or three business days. - http://en.bitcoin.it/wiki/DwollaJust don't rely on these timelines though - there have been delays moving from Mt. Gox to Dwolla when Gox didn't have enough funds at Dwolla. There have also been times when Dwolla's small staff has been overwhelmed causing further delays. |
|
|
|
And maybe next year, miners will have nice software that's going to sort the transactions, to pick up the ones with a fee included and delay those without fees, forcing people to add fees to their transactions, and give a reason for miners to do their jobs  As long as at least a small fraction of miners accept the no-fee transactions as well, even those transactions will eventually make it into the blockchain. i.e., miners can try to force fees, but that action won't have much of an effect on the total amount of fees being paid. The BTC generation reward will likely remain to be the primary incentive [edit: rather than transaction fee revenue] to miners for some time yet. |
|
|
|
|
Let's say maybe a third of the miners quit the minute the block reward drops to 25 BTC. As a result the blocks confirm in 15 minutes instead of in 10 minutes each. Three weeks later difficulty adjusts back to every 10 minutes.
|
|
|
|
What will be interesting is how little data will be known about bitcoin's reach. There won't be much from a reporting standpoint where bitcoin sales will show any different than sales paid for with cash. |
|
|
|
No current e-currency (with the exception of PM or OKpay) PM? |
|
|
|
but sadly, lack the liquidity of MtGox by a long way. That's sometimes something that can work in your favor. You are selling. More often than not, the buyers are overpaying due to the lack of liquidity -- and the sellers are profiting. Especially on BitStamp. Unless you need to clear and then withdraw a bunch right away, try putting a sell order out there and then see what happens. |
|
|
|
Topic. I need to buy one today.
And if you support the [formerly] SOPA-loving GoDaddy, you can buy GoDaddy gift cards through SpendBitcoins: - http://spendbitcoins.com |
|
|
|
|
BitInstant is helping to create a new global money transfer system -- where the whole is greater than the sum of its parts.
|
|
|
|
and plan to use bitinstant to get [Dwolla] to gox after it clears.
If you weren't aware, Mt. Gox takes Dwolla for deposits 1:1, though you pay the $0.25 transaction fee. |
|
|
|
as part of the terms of this site users agree that if they are U.S. citizens they will not issue or purchase shares on this exchange.
Is it illegal for me being from the U.S. to purchase shares in this manner? Issuing shares, perhaps. But I don't know of any regulation that I would violate if I were to buy shares, regardless of where the issuer is from. Now, if GLBSE wishes to specifically prohibit those from the U.S. from buying shares so as to protect the exchange that is something they can do if they want. But breaking the terms of a usage agreement is different from breaking the law. |
|
|
|
|
Show Posts
