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Stupid fcking media at its best. Spreading BS titles and intentionally mislead general public about the "news"
There is no " involvement in an underground Bitcoin exchange selling the digital currency to users of the black market website Silk Road." charge. The charge is "unlicensed Money transmitter"
Basically he sold and bought BTC on behalf of his client. The key here is "behalf of someone else, ie. brokerage ". He did not buy or sell bitcoins for himself.
Another charge was tax offense related which often called "money laundering". Funny word for not paying the government their shares
All that add up to his sentence.
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Coinbase is like AOL of bitcoin boom. Dont you agree?
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Lol, just saw I'm listed  If anyone has a desperate need for a antique gearbox I can probably do something on the shipping  Dammit, wouldn't you know it, I'm all out of Unimogs at the moment. Another bitcoin classified, a year to 18 months ago, I remember seeing a whole one for sale, was that you? I don't think so but it could have been, I'd put a 60's merc estate on bitmit around then but don't remember listing a mog, they're absolutely stupid amounts of fun so I don't like saying goodbye to them Don't remember seeing one elsewhere for BTC though, maybe missed it but there wasn't a whole lot of options back then. Doing large btc tx in person is very risky tho. If i'm a buyer i wouldnt meet some stranger with tens thousands $ worth of btc on me.
BTC is great for micropayments and online, digital tx. But until there is Bank-like bitcoin service (escrow) doing large btc tx in person is not for me.
Do keep up, multisig escrow with no third party has been around for at least 6 months. You missed my point completely, what does multisig do for me when a gun is pointed at my head to sign the tx? The point is meeting a stranger who has opportunity to rob you. Having a 3rd party service means even the stranger kills me, they got nothing. Like a BANK card (taking it is meaningless) |
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Just took a quick glance at OP's post history and i feel sorry for him. (Also pitty), Must be one of those "btc price is too high, why wouldnt i buy alternative coins, its the same thing! " suckered in by scamcoins creator.
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humor me...explain in 2-3 sentences why is Monero "the true e-cash"
Because if enough ppl believe that then they will buy buy buy and the price will be up up up and i'm rich and you're poor? i'm right and you're wrong? Ask the Monero pump and dumb master, THE REPTILE MAN in speculation section |
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Doing large btc tx in person is very risky tho. If i'm a buyer i wouldnt meet some stranger with tens thousands $ worth of btc on me.
BTC is great for micropayments and online, digital tx. But until there is Bank-like bitcoin service (escrow) doing large btc tx in person is not for me.
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LOL, a dumb ass trying to promote more scamcoins to .... bitcoiners.... what a fcking fail.
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We just crossed below the profitability point for all the 1Ghash for 1W home miners out there (home meaning electricity is 10c/kWh).
I'm keeping my miners on just due to the fact they keep my room warm. End of an era for my home mining setup.
I would like to see your math because we passed this long time ago. LOL , you're wrong. Math: 1) 1 gh/s for 1W = 1000 gh/s for 1KW 2) 1000 gh/s mine 0.01144 BTC per day( https://bitcoinwisdom.com/bitcoin/difficulty) 3) 0.01144 BTC = 2.39088 USD (current btc-e price $209 per btc) 4) 1 KW * 24 hours *0.1 USD/(KW * hours) = 2.4 USD So TheJuice was right. QED. Although, if you mean a relatively recent period, when the BTC cost even cheaper, then you're both right. But in any case we did not pass this a long time ago. Ofcourse i meant that. If you keep using the price jump then the break even point will keep moving now doesnt it? Do you know what "crossing" mean? You crossed it last week LOL |
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We just crossed below the profitability point for all the 1Ghash for 1W home miners out there (home meaning electricity is 10c/kWh).
I'm keeping my miners on just due to the fact they keep my room warm. End of an era for my home mining setup.
I would like to see your math because we passed this long time ago. LOL |
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even at the new price, it still never ROI for anyone with + $0.1/kWh
Do most ppl here know there is electricity rate and there is effective rate?
Effective rate is what you should look at. It includes delievery charges + electrical rate.
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there are lots of free transactions that got confirmed but for yours, the transfer value is quite small so it is better to include a fee
Another misinfo, its not about the transfer value, its about PRIORITY. Read bitcoin wiki to learn more about PRIORITY. |
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A bitcoin setup guide without a cold wallet setup is not even worth the bandwidth of its post.
Go away noobs, this isnt a guide, but a blog of a noob at best.
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This thread sum up OP's IQ. Hint : well below 60, in "Special" zone
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Wanted to make a quick buck? Thought you found the short-cut to endless riches? Serves you right bitch, the punishment is only proportional to your greed and the damage done to Bitcoin by the bubble you derps caused.
Back at the day when I was new to bitcoins you could buy them at about 6$ per coin, wish I could travel back in time and slap myself on the head and invest all I can gather into them.
derp when I buy I am an ideological ally to the Bitcoin cause, I hold and not sell at the sight of the most worthless news. e.g. not a speculator. Bitcoin can crash to 80 cents as far as I care, despite the fact that I hold BTC I understand that it wouldn't matter long term. Yes I let myself get convinced by some ivy league schmuck to not invest into Bitcoin when it was <10$, I am still well off by now but I haven't stopped biting my elbows ever since. Should be on a yacht getting my dick sucked right now, instead of living the life that everybody deserves anyway. Ofcourse you failed to see anything? retard much? |
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I also checked Mike Maloney's vids.
It must be a tough time for him recently, for US dollar being strong and gold mostly decline in price.
USD strong is not a good sign. US is still in debt and those debts are nominated in USD. General public is also too stupid to see whats happening. They're all blinded with lower prices,...etc. The economy is in bubble again, and bubble always bursts. |
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Someone still has to tell me why history should repeat itself now that price is 100X higher than what it was at the end of the 2011 bear market. Because Bitcoin is the perfect exploit of the squirrel in man. Its utility beyond that is secondary. I mean, look at how gold is hoarded. Underground vaults stacked with bars, what utility do they possibly hold? Anyway, if history repeats it will be 35X.  Bitcoin has no utility if its price goes to 0. It will just be another random byte of data floating in cyberspace. Conversely, even if gold goes to 0, it has industrial uses in electrical components and heat conduction. Same with silver. So not sure where that comparison stems. A few thousands lines of code in Facebook is worth billions. Its also just another "random byte of data floating in cyberspace" right? Idiot like you should really stop talking about " bytes and bits" and start learning about value vs price. |
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All very impressive but is this still viable with the current price? I would have though investors will be very nervous right now.
12-month pre-payment plan ($80/kwh), 2 TH/s: If you have the most efficient miners at .5 J/GH, income is $137/mo, hosting is $80, you are sitting at net $57/mo. If you have the average miners at .7 J/GH, income is $137/mo, hosting is $112, you are sitting at net $25/mo. If you have old miners at 1.0 J/GH, income is $137/mo, hosting is $160, you are sitting at negative $23/mo. and that doesnt include hardware either. seeing as most miners are at least $500 + shipping. that leaves you with negative numbers, even at $80 a month. your reply doesnt exactly make since because thats how an investment works. If you have a 1,000 investment plan that can garuntee you ROI in the first month its a ponzi or similar scam. If you mine in 90% of the US in your personal home with personal power rates your ROI chances will be slimmer than with ASICSPACE Take a look at your power bills if your paying more than 0.1 a KWH then your paying more than asicspace charges you and you also have 0 insurance and you must listen to your nagging wife/gf about all the heat and noise of your miners. An antminer s5 at asicspace will ROI in about 8 months if the price stays as low as it is if it goes up then your looking easily at 100 day roi (normal ROI for ASIC mining equipment at least on all of mine) If nothing changes all year (price or difficulty ) youll make 200$ easy with an s5 and a 1 year contract at asicspace. To someone who has already bought their miner, what they paid for it is a sunk cost. The question is can they save money by switching to us? For a lot of our customers, the answer is yes. The next question they should ask is..... what do they have as a guarantee that you dont close down and take their hardware? even if you agree to ship their hardware back, the cost of shipping alone (round trip) would negate any saving they have from electrical cost. In other words: they take MORE risk to send hardware to some guy on forums. I dont care if you post pics of your mansion and mistress. Your company is younger than my pimple. |
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All very impressive but is this still viable with the current price? I would have though investors will be very nervous right now.
12-month pre-payment plan ($80/kwh), 2 TH/s: If you have the most efficient miners at .5 J/GH, income is $137/mo, hosting is $80, you are sitting at net $57/mo. If you have the average miners at .7 J/GH, income is $137/mo, hosting is $112, you are sitting at net $25/mo. If you have old miners at 1.0 J/GH, income is $137/mo, hosting is $160, you are sitting at negative $23/mo. and that doesnt include hardware either. seeing as most miners are at least $500 + shipping. that leaves you with negative numbers, even at $80 a month. your reply doesnt exactly make since because thats how an investment works. If you have a 1,000 investment plan that can garuntee you ROI in the first month its a ponzi or similar scam. If you mine in 90% of the US in your personal home with personal power rates your ROI chances will be slimmer than with ASICSPACE Take a look at your power bills if your paying more than 0.1 a KWH then your paying more than asicspace charges you and you also have 0 insurance and you must listen to your nagging wife/gf about all the heat and noise of your miners. An antminer s5 at asicspace will ROI in about 8 months if the price stays as low as it is if it goes up then your looking easily at 100 day roi (normal ROI for ASIC mining equipment at least on all of mine) If nothing changes all year (price or difficulty ) youll make 200$ easy with an s5 and a 1 year contract at asicspace. Please dont ever talk about investment again, you're a clueless moron. There is something called " Risk". Investment is about Reward/Risk. You're all talking about reward like its a sure thing. Welcome to my ignore noobs |
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I'm guessing most of the answers here are from home miners. If you have something like this, you have no choice but to sell your mined BTC soon as you get them to cover electrical and cooling costs:  Perhaps thats the question he's asking "Can you big guys hold your coins for a better price and personally eat the electrical costs untill that better price, or do you have to sell them" I don't think many miners are going to want to mine bitcoin and then not sell "until they can get a better price". If they were to do this then they would simply spend the money they would give to the electric company on buying bitcoin on an exchange There is a reason to speculate or invest into bitcoin thro mining.... anonymity. In many parts of the world, buying bitcoin thro exchange might expose a money trail (think Russia) that might lead to legal issue or even worse (robbery). Another thing is "virgin coins". So some ppl might invest into mining farms, to get virgin coins (completely ..... taintless) |
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Wanted to make a quick buck? Thought you found the short-cut to endless riches? Serves you right bitch, the punishment is only proportional to your greed and the damage done to Bitcoin by the bubble you derps caused.
Back at the day when I was new to bitcoins you could buy them at about 6$ per coin, wish I could travel back in time and slap myself on the head and invest all I can gather into them.
derp PWNAGE.... lol OP, crawling back to your mom's hole is still an option. |
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