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7861  Economy / Speculation / Re: 1 BTC = $5,000 by end of the year! on: July 22, 2015, 07:59:39 PM
I really want to believe on this.  I think we will go up a good amount by end of year, but 5000 is a lot.

I think hopefully over 1k.... but I don't see 5k by end of year.  Just would take a lot of good news to get there.
7862  Bitcoin / Bitcoin Discussion / Re: Coin.mx shutdown by federal government, top executives arrested on: July 22, 2015, 07:57:24 PM

It's not really new though. If you operate an exchange in a state you don't have right paperwork for.... you are asking to be in trouble.  It's considered money laundering.

I mean this happened before with another exchange look at Charile Shrim - http://www.coindesk.com/bitcoins-first-felon-charlie-shrem-begins-2-year-sentence/
This is not even close to the same situation. Charlie Shrem was directly connected to silk road drug money, also he wasn't a true exchange like coin.mx is.

Hopefully this doesn't happen to Coinbase...

Silk Road was what got Charlie Shrem on their radar.  But he was charged with " unlicensed money transmitting business.". 

So I expect that Coin.mx will likely be close to the same.  They were transmitting money without proper license (IE money laundering).
7863  Economy / Economics / Re: Did Bitcoin Ruin Your Life, Or Help Your Life? on: July 22, 2015, 07:53:42 PM
Overall helped as I enjoy playing with it.  I am in it for the long term, so not selling all the time.  It's not effected be in any bad ways.

I could see how the ones that invested a lot at 1k per could have hurt them financially.  But even then I'm not sure it could have ruined their life.  You should never invest more then you can loose.
7864  Economy / Economics / Re: Is bitcoin dead? on: July 22, 2015, 07:51:30 PM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me
That's true. The whole cryptoworld is based on BTC. BTC has the most users, highest volume. No chance to be changed with whatever
they are depending on the price not on its value so that they can say bitcoin is dead because of its price. Thats all the reason, and theres no more reason.

Yes, and the reason is the price fluctuation in bitcoins and that is the main reason that why people have started to believe that bitcoin is dead, but Still we cannot predict or comment that it is dead.


Mainly people keep close watch on bitcoins and little price down make them feel that its going to survive in the future. But We should give some more time to bitcoin as it will regain its position in coming years.

I don't think many people think bitcoin is dead.  Even at a value of 270 per btc that is far from dead.  Were talking about a decent amount of money depending on your holdings.

I think we can all agree were far from dead, and seem to slowly go up in value.
7865  Economy / Economics / Re: Best way to turn 2BTC into 4BTC on: July 22, 2015, 07:49:30 PM
I think this is still the best, buying account then join a good payout campaign is the best, no need to sell your account if that is profitable to you

with two btc you can buy at best 4 hero, which mean at least 0.5 per week but if they will be banned you lost too much, it's better to post few post and sell them again for a better deal, let's say 0.75

so you have your 2 btc back plus 1 more btc and the last bitcoin in posting with those account

So why bothering buying 4 hero account? It is to risky for getting banned if you are not constructive enough. You can just buy one here account and focus on post a constructive posts to get more, like in your signature campaign bit-x, you can easily make 1 btc. And you can use the rest of your bitcoin on doing some investment or even gambling it

because 4 hero cost exactly around 2 btc, and with more account you can reduce the risk of ban actually, because you divide or your post on many account, so there is a better chance that they will not be noticed, constructive post are also easy to make

I dont think to diversify your posts is a great idea. It is just the same as you post all around with using one account is more efficient. And with only getting one account you still have spare your bitcoin and you can use it for others investment maybe so you will earn your bitcoin not just from writing posts because not all people will have time with writing all day long

Exactly its better to have one account and keep remaining bitcoins for other investments. Holding more accounts would not make any difference unless you post a constructive one. If you have multiple accounts and if its get banned then it would be the financial loss which cannot be recovered.

sry i don't agree having many account, even if one is banned you can still post with another and continue earning(yeah i know that this is ban evasion and should not be done ecc..), but besides this if you can post constructive post with one you can do it with four

the difference is that 1 account that post 40 post per day will be noticed more than four that post only 10, also you have four account to sell in the future which mean much more money than just one
I agree as other user, I think better have 1 account have a good quality post than has have many account but post like a spam.  Grin



Also the forum looks for things such as this.  If you did have 4 accounts posting 40 posts a day, that's 120 post per day.  I imagine 120 posts is hard to have good content in.  That is just a massive amount of posts.

The forums looks at IP's so if you are doing this all from one IP I'm not sure you will make it through a week at 120 posts per day.  It just seems like a insane number.
7866  Economy / Economics / Re: Bitcoin , IRS , Tax evasion ? on: July 22, 2015, 07:46:28 PM
I agree there is most likely taxes to go with big investments including BTC.  But I think it's at time of sale most likely.

You need to show a capital gain or capital loss.  Until you sell the BTC you don't know how much hopefully you will make.
7867  Economy / Economics / Re: Is it better to save money or invest it? on: July 22, 2015, 07:44:01 PM
Is it better to save money in bank or invest it online, in real estate or maybe gold?


I think it hurt to invest money in something rather than keep the money. When you put money into something, at most cases, steam can not fail you can not just be a win-win, keep this money, the value of money decreases and you can be a very big loss.

So you are suggesting on keeping money? I think if you know how to invest and get a solid investment I dont think those will hurt you. Like you said if we are keeping on money without doing anything with it the value will decrease and you will suffer more than that. So get a good investment is the best for increasing your value and sure you will get some profit too and one more thing remember to diversify it to lower your risk on losing all of your money

Keeping money in a savings account it pays a tiny tiny amount of interest.  I would not recommend it as an investment.

There are many regular investments that have less risk.  If you talk to a financial advisor they can help with low risk, and not huge reward investments.
7868  Other / Archival / Re: July 11th to July 25th diff thread. Picks are now closed. on: July 22, 2015, 07:35:29 PM
Looking good! I'd rather a negative adjustment than get my pick right.  (+.91%) right now on bitcoinwisdom, and slowly creeping downdown

Slowly bitwisdom keeps going down:

Bitcoin Difficulty:    51,076,366,303
Estimated Next Difficulty:    51,373,201,829 (+0.58%)
Adjust time:    After 426 Blocks, About 2.9 days
Hashrate(?):    369,332,964 GH/s
7869  Bitcoin / Hardware / Re: Hot cables on S3, what am I doing wrong? on: July 22, 2015, 07:31:53 PM
How did you have the power plugged in?  Did you have 2 pcie plugs plugged in from same power cord on each side?   IE one power cord and split into 2 pcie plugs.
7870  Bitcoin / Hardware / Re: [Guide] Dogie's Comprehensive Manufacturer Trustworthiness Guide [27th Feb] on: July 22, 2015, 07:17:31 PM
Bitmain (>10%), KnC (5%) and BitFury (>10%) operate large mining farms.

Bitmain shouldn't have 8/10 in ehtics. They abuse cgminer's software license,  caused a hardfork by not checking blocks they mine on top on and lied about Antpool beeing a p2pool pool (not related to their hardware but same company).

Why are you talking about Bitmain DC >10% ?
AntPool is a Pool for Bitmain's customer. Do we know smth about Bitmain selfish DC?

They don't really advertise.  Only picture I have seen is Yoshi holding a sign when they thought about selling a whole center.

So I don't think we know unless someone has some inside info.
7871  Bitcoin / Hardware / Re: HELP - Fan connection on first generation Dragon Miner/LKETC Miner ? on: July 22, 2015, 07:15:09 PM
Anyone ?

Sorry I had to get rid of my 1T a while back.   So I cannot say.

Have you thought about trying one of the slots?  Seems like with only 2 you would find it.
7872  Bitcoin / Hardware / Re: ANTMINER S2 upgrade kit? EDIT: BITMAIN WHERE ARE YOU?!?! on: July 22, 2015, 12:01:07 PM
It probably wouldn't, since I don't really have the resources to prototype something that large anytime soon. I also currently know almost nothing about the socket pinout or the protocol or the driver code. I'll worry about the four miner boards and USB hub and PSU boards and hosting I'm already doing, but if all that goes well I might look into it later this year?

Can anything help you to start sooner? May be any donations campaign?  Wink

You could talk a company into selling him lots of chips at a good price.   I think Bitmain was not really responding to chip orders unless it changed.

I hope when he does this big of gear he does ground up, like he did with usb drive.  I really would love to see a GekkoScience big miner that is not an upgrade.
7873  Other / Archival / Re: Pictures of your mining rigs! on: July 22, 2015, 11:59:14 AM
Miners


what miner is on the right side ?
Looks like one of those Dragon Miner (LK group / lketc) boxes
( e.g. 1Th/s Bitcoin mining product: http://lketc.com/goods/show-172.aspx )

true Smiley

Coincraft desk on the left.

Both A1 using machines.  Now if we could just get some gear with LKETC's next gen chips Smiley

I hope they keep the dragon name though.  Dragon X something.
7874  Other / Archival / Re: July 11th to July 25th diff thread. Picks are now closed. on: July 22, 2015, 11:06:14 AM
Bitwisdom:

Bitcoin Difficulty:    51,076,366,303
Estimated Next Difficulty:    51,673,736,860 (+1.17%)
Adjust time:    After 480 Blocks, About 3.3 days
Hashrate(?):    371,363,711 GH/s

Looking very nice at a tad over 1 percent.  If we are around that I will consider this another successful difficulty change.

Price still hanging a little under 280 pretty steady.
7875  Bitcoin / Hardware / Re: Trying to buy a massive amount of hardware!!! on: July 22, 2015, 11:04:22 AM
I have some miners for sale 6 x Antminer S2's Local pickup in NY Metro Area. I also have 2 X Antminer C1's, and I think 6 Antminer S3's not a very massive amount of hardware but its a decent lot to start with and I am willing to accept resoable Offer
yes i am interested i take hardware. you give me hardware and 300$ for garbage colecting.


So you will get want 6 S2's, 2  C1's, 6 S3's and him to pay you 300 dollars on top?

I'm thinking hes going to say no on that...
7876  Other / Beginners & Help / Re: Is it worth to mine with my old computer on: July 22, 2015, 11:02:08 AM
I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh
using your old computer to directly mine bitcoin is a hard thing to do. But you can still mining bitcoin but not directly to mine bitcoin but use your old computer to POS mining or staking for altcoin. Search for the profitable POS coin such as Diamond, Hyperstake etc, and then you sell your staking coin to bitcoin

It's not a hard thing to do. You can do it easily with a program or two.

But you will lose money with electricity on PC running.  And not to mention you cannot compete against asics.  2 old usb block erupters can match sha power on hashing with great GPU's.   SHA is a asic game now.
7877  Alternate cryptocurrencies / Altcoin Discussion / Re: [TUTORIAL] How to Earn 1 Bitcoin in a Week on: July 22, 2015, 10:59:25 AM
not a good idea after all if gambling or somewhat like gambling is involve.


don't follow the OP is he probably trying to scam, he can be involved in running that exchange, he didn't provide any real proof on his earning, where is the TX of his earning? there is none of course

as i said, the op was hyping up his own coins that he invested in to get people to buy them up on the exchanges. sounds a tad conspiracy theory like, but its definitely within the realm of possibility.

OP has done guides before and always had a motive.  One he wanted to get as a sticky, which just happened to have a program of his to view BTC addresss's.

This one he tried to gain a lot of views by making huge statements.... it worked.  But look at first page he does not even post close to 1 BTC of earning let alone the 10 he claimed.
7878  Economy / Economics / Re: Best way to turn 2BTC into 4BTC on: July 22, 2015, 10:15:01 AM
Lending some BTC via

https://bitlendingclub.com/

https://btcjam.com/

https://www.bitbond.com/

Of course there are so many other ways. But everybody here needs to see for himself/herself

 Wink

He might also lose there if he pics wrong borrower

I highly suggest not investing on lending sites.   If the borrower runs without paying you will have a very hard time getting it back.

Especially some are in different countries then you are in.   It just get's complicated.   If the person was financial sound they could get a regular loan and not a big interest loan on the internet.
7879  Bitcoin / Bitcoin Discussion / Re: Bitcoin is closing banks already on: July 22, 2015, 10:09:55 AM
I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction!  Smiley

Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US.

Well if you can say that somebody is doing well while their debt is constantly going up than OK. Also after the 2008 crisis that was just poorly fixed and hiden!

Personally I don't think anything is going fine and very soon a new, big boom is imminent. Hope I am wrong but it doesn't feel that way.

The economic crisis hit US first later Europe. US is now fully recovering and Europe will follow. The main problem now is the fall in Gold and oil prices that will continue for a long time. Land with a real export of good will do good.

I think Greece will need some help if you want full recovery.  I don't see them being saved unless some of the eurozone do a bailout.

I could be wrong on it though.  I don't see the other countries letting Greece fail though.
7880  Economy / Service Discussion / Re: Chaturbate drops Bicoin: At this time we do not have plans to add bitcoin again on: July 22, 2015, 10:08:02 AM
Just wanted to get some Chaturbate tokens and there was no bitcoin option. Mailed them and got this reply, that they have discontinued it and have no plans to add it again at this time.

The same happened with Naughty America and some other sites which have initially added Bitcoin payments


My guess is it's hard to prove person using bitcoin is over 18.  That is best reason I ca think of.

With credit cards they do this already and only let 18 and up get it.   So I'm guessing they would have had to verify people and age which is not really something they want to spend money on.

Isn't this already verified when a user click on that button "I'm over 18 years old" that's basically on every porn website? It's in their terms and you agree with it when you click the button, so if you are not over 18 that's not their problem. You are there against their terms..

Mine was honestly a guess.  I could very well be wrong and you are right.

But with under 18 your a minor so you most likely cannot be held to their terms as your not able to consent as a minor.
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