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Is your webpage down? I want to switch to you but I can't access your site on any of my systems.
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I've been wondering recently what is "more than you can afford to lose"?
should there be a distinction between "more than you can afford to lose" and "an amount that you can afford to lose, but it's quite a large percentage of what you own"...?
It's really up to the individual. You can set hard limits at the level of "an amount where if you lost it you'd be bankrupt/in serious trouble" etc, but for each individual what they're comfortable with risking on an investment/speculation, what they can recover, and what they can mentally and emotionally endure are all different for each person. General principle: don't invest an amount where if you lose it your life will change for the worse in significant ways. |
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120-125 followed a similar pattern of apparent stagnation/decline before it got pumped to 126-128 iirc.
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I've wondered about something like this. If you live in NA where 120v circuits are standard and get 240vs installed to power your rigs, how do you reconcile the different plug shape? Adapters seem perilous because they're usually sold for people traveling between EU/NA, rather than for continuous, high load use.
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It doesn't make much sense to me. Japanese banks were open as normal today and the UK and US are on a holiday today.
So any money sent so MtGox at the end of last week would arrive at MtGox today and most people won't be working so they will be available to trade.
I'm guessing that most people don't trade when they're at work. Maybe I'm wrong.
Imo bank cycles mean relatively little in the BTC market now that volume and hype have cooled off so dramatically. A few people wiring a few thousand bucks here and there are totally unable to move the market. |
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U know people can still order from friedcat and pay 49.99?
whats the delivery time of friedcat? Ships within 48 hours of payment. Then 4 days from China to EU/NA. Or you could pay this guy with 6 posts a $3,000 premium for an item he can't even be fucked to post a picture of. |
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Right now your choices are:
1. Buy an Avalon preorder and hope it shows up before ASIC Miner et al. renders it nigh unprofitable
2. Buy a BFL preorder and know it will never show up before the above
3. Buy a blade from ASIC Miner and be content to recoup/profit from your fiat investment knowing you almost always would have made more buying BTC directly
4. Buy ASIC chips directly from Avalon in a group buy, or if you have 1,000B you can buy them yourself and then have them assembled in another group buy, hoping you don't get ripped off/held up/board malfunctioned/lemon/design problems every step of the way.
Option 4 is hands down the most affordable and will produce the greatest return, but you won't see a miner in hand for 3-4 months. If you want one in hand you pretty much have to buy a blade from AM right now.
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at current rate i think the wall is eaten in 2 or 3 days.. there's also a +1k short @ bitfinex that at some point will close its position so it can go faster then we think.
Speaking of BFX, you can tell how long everyone is from how ridiculous the P2P interest rates on USD loans are. Leveraging $1,000 is more expensive (99%) than the variable interest rate (78%), which had an extra ~$90k available in it yesterday. When the price was ~115 you could leverage like 10k for ~25-30%. Will be a real calamity if someone dumps the price back to $105. |
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Whoever gives these guys their money will never see a product in hand to mine with.
Worthless thieves.
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If you think you're going to see a new ATH in the middle of a market that only trades sideways until someone with 1MM+ in fiat comes and moves the market +$3, you're delirious.
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https://bitaxe.ca/product/avalon-asic-hashing-card/Payment methods: 1. Bitpay - In Stock 2. Paypal - In Stock 3. Credit Card - In stock 4. Escrow - Out of StockAmusing that you have this shit "in stock" but no pictures of it besides someone's hand holding a PCB. Probably nobody who gives you a dime will ever see a product in return, right?
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I registered my account as an individual and am verified as an individual. Sent money to them and they put it on hold asking for proof of incorporation and identity of shareholders, all in broken English.
Pretty shit.
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Yay another preorder with no product in hand.
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Last 9 H4 candles have been green.
Pretty bullish.
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So I have 3 rigs running these 2 of these cards each, flashed with F43 BIOS, on one rig (e8400, 4GB DDR2 RAM) I can run at a thread concurrency of 24000 with 1 GPU thread at ~650kH/s per card after using the GPU_MAX_ALLOC_PERCENT 100 command. On the other two rigs, (Intel G2130, 8GB DDR3 RAM) even after using this command and the exact same settings as the other rig, CGMiner won't start on a TC higher than 8192. The highest I can get these cards at TC 8192 is ~595kH/s using 2 GPU threads. Can anybody offer advice as to why this only seems to work on one of my rigs and not the other two? It seems although it confirms the setting has been changed this is not being applied, and thus CGMiner reports a memory buffer overload. Reading thread after thread of people pulling 650kH/s> with high TC is really starting to bug me when two of mine don't work for some reason  What OS/Catalyst are you running on each rig? What's the specific error you're getting? |
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Can you believe Mtgox still didn't fix their shit?
How is that even possible?
Humans tend to be complacent, greedy assholes when nothing is around to make them feel as if they have to do better for their self interest. In summary, it's because Gox has no real competition, so they're content to just do whatever since there's no reckoning to face if they do poorly. |
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There is no reason for the sudden and dramatic rise in volume. Insider trading? Very possible that some traders have become aware of impending negative news regarding gox and want coins off the exchange. We've been on the edge since the Dwolla news.
I seriously doubt the coin exodus is still happening this long after the Dwolla news. The pattern it's following from 125-130+ is the same it followed from 115-120+. When the big players want to move the market, volume moves with it. When the big players don't move the market, volume stagnates. |
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Any evidence that China Telecom (or whoever is pertinent) has actually taken such a position?
The quoted e-mail from Twilio was posted by piuk from blockchain.info after he received it from them. I would assume Twilio has little to gain from lying about China Telecom requiring them to clamp down on Bitcoin. |
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Hi Ben,
We got further information from our carrier confirming that business such as bitcoin is not a proper financial tool in China and the Authority may treat bitcoin as an illegal business. Unfortunately the China Telecom Authority has requested that all bit-coin traffic to China be blocked.
As the provider of the phone number, Twilio is responsible for assuring the carriers that no more traffic related to bitcoin will be sent to China. Therefore, I have removed your international SMS permission to China. Please do not turn this on or try sending SMS messages to mobile numbers in China. Doing so will very likely lead to immediate account suspension.
Again I'm sorry for the convenience. Please let me know if you have any additional questions.
Thanks,
Twilio Customer Support Source: https://bitcointalk.org/index.php?topic=40264.msg2243603#msg2243603Should bring some caution to people who are bullish because of CCP Propaganda Ministry rhetoric. Should bring greater caution to everyone who has a super hardon for Asic Miner shares, since they can get wiped out by the CCP in one day just like anyone else can. |
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Your spreadsheet would have value if even 40% of those ASICs actually existed. There's a huge difference between the shit people post saying they have/will have/is coming and what actually is available and has shipped.
Pretty much just Asic Miner and Avalon have a real product with the group buys on Bkk's Klondikes being 3-4+ months out being behind that. Avalon is barely less vapourware than BFL and BFL looks like a real company compared to some of the other miners you have listed.
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