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81  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] iBeLink™ DM384M ASIC Dash Miner on: February 22, 2016, 09:32:15 AM
I'd definitely want to see some of these "in the wild" before I put any money into them.

 Big case yet they seem to be using a 1U power supply - not real efficient use of space that.

 Cleverhash was working on an X11 chip (also X13/15 IIRC) but they apparently didn't have the funding to complete it.
 I do wonder if there's a connection.

 I doubt that DASH will change it's algorythm just because someone finally brings ASIC to it.

The market cap of X11 based coins is just around $25 million. Can people make profit from the miners?
82  Bitcoin / Bitcoin Discussion / Re: which takes more transaction fees-paypal or bitcoin? on: February 22, 2016, 09:29:46 AM
even if you send money paypal to a paypal . you will still be charged.
Neh, Paypal to paypal sent as gift is free of charge(fee) for United States' citizens, I'd guess.

I think so. It just cost a lot of fees when you are a seller of a goods. The paypal charges you a lot.
83  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: February 22, 2016, 09:28:46 AM
Yes if it increases more we will become rich in a good long term.

Only if you buy a lot, 1 btc is not enough to make you rich someday.

It will not make us very rich in 20 years with just one bitcoin. The value of 1 bitcoin will be just $200,000 each then.
84  Economy / Service Discussion / Re: Another Cloud mining Scam? on: February 22, 2016, 09:27:09 AM
Stay away from any cloud mining, I lost over 2 bitcoins in the past. In my opinion, gambling away Bitcoin is better at least you have done fun.

If the difficulty does not rise, or just rise 2% every month, then the cloud mining is profitable for us.
85  Alternate cryptocurrencies / Mining (Altcoins) / Re: Could unlucky ETH miners loose all your wealth runnign new Caspar betting PoS? on: February 21, 2016, 10:18:57 AM
If I understand it right, new Casper design is based on betting and unlucky miners might end up in loosing money, not earning as usually expected. So without a proper risk management your wealth (coins) is really exposed?

And if so, who really wants to do that?

Yes. We have to think about the future of our graphics card after the mining stage. The hashing rate is 760GH, that is equal to 34,000 280x cards.
86  Alternate cryptocurrencies / Mining (Altcoins) / Re: Safe to heat house with ALT coin mining rigs.?? on: February 21, 2016, 10:15:32 AM
Never buy ASROCK boards. All of mine have issues whilst the msi boards have not had one problem at all.

Agree.  Both the ASROCK boards I have used (Extreme4 or something) almost instantly fried when used for mining even with external powered risers.  No issues with MSI or Gigabyte, some of them are over 3 years of mining on them.

I use the Asrock H61 ProBTC motherboard. These boards are designed for bitcoin mining. It is very reliable.
87  Bitcoin / Bitcoin Discussion / Re: What's your biggest problem with Bitcoin on: February 21, 2016, 10:12:21 AM
In 20 years i hope I'll be able to buy a sex robot. That will show people who said I'll never get a girlfriend.
LOL you can buy dildo now in online with bitcoin dude. its very easy

There are many online shops accept bitcoin. These includes Dell, Overstock, scan computer, and many others.
88  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: February 21, 2016, 10:10:51 AM
Why buy a bitcoin today when you could buy two bitcoins tomorrow?

I think the other way around. If you do not buy one bitcoin today, you have to spend double the amount of fiat to buy one tomorrow.
89  Bitcoin / Bitcoin Discussion / Re: which takes more transaction fees-paypal or bitcoin? on: February 21, 2016, 10:08:55 AM
Bitcoin has about a 3 us cent flat fee. PayPal to PayPal is free, but in most cases it's more expensive, like to eBay, Amazon, etc.
Bitcoins  transaction fees is very very less compared to any exchange fees or paypal thats the best part of bitcoins people are loving it.

It would be better if the Bitcoin is circulating between supplier, retailer and consumer. There is no need to go through the exchanges.
90  Alternate cryptocurrencies / Mining (Altcoins) / Re: Ethereum mining still profitable? on: February 20, 2016, 08:42:56 AM
Ethereum mining is still profitable at the moment, but the difficult rises too fast. It might not be profitable soon.

If you buy the latest version of graphics card, you might not ROI, but if you buy the old 7970 card, you might ROI.
91  Bitcoin / Bitcoin Discussion / Re: What's your biggest problem with Bitcoin on: February 20, 2016, 08:41:41 AM
Every single place that accepts bitcoin is a step forward. It's beginning. The future is here.

More and more shops are accepting the bitcoin. Software companies such as Microsoft and IBM are providing block chain service.
92  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: February 20, 2016, 08:40:12 AM
You can't know what the price is going to be tomorrow and nobody knows. There are no signs that the price will go down anytime soon, but it can get banned in Australia or Norway for instance. And you can't predict that.

We do not know what the price will be tomorrow. But I know the price will be higher in 10 years time if there are more users.
93  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] iBeLink™ DM384M ASIC Dash Miner on: February 20, 2016, 08:39:00 AM
X11 ASIC is not only feasible, it's been a reality for a lot longer than this - DASH will not change algo, as Evan even said he wanted X11 ASICs to show up later in the coin's life.

So Dash will be another litecoin. If there are no more development of Dash, it will be like the litecoin, it will have fewer users.
94  Bitcoin / Bitcoin Discussion / Re: which takes more transaction fees-paypal or bitcoin? on: February 20, 2016, 08:37:10 AM
First of all, on bitcoin you can decide witch fee you want to pay (or if you want to send without any fee) , on paypal you can't decide this the fees are fixed. And normal fees that most users pay are from 10.000 to 20.000 satoshis is lower than paypal fees.

For the time being, the fee of bitcoin is much lower than the paypal. But if the bitcoin block size does not increase, the fee will be higher.
95  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] iBeLink™ DM384M ASIC Dash Miner on: February 19, 2016, 07:44:57 AM
I do not think the ASIC for X11 is feasible. There is no rise of X11 hash rate recently. I think if there is one, it will cause dash price crash.
96  Alternate cryptocurrencies / Mining (Altcoins) / Re: Ethereum Mining Back in Stock! on: February 19, 2016, 07:40:24 AM
ETH price is down to about 0.010 BTC now, pyback is with the new 1 year cloud mining price hardly to reach

Exactly, this may be common knowledge for people who were around for this type of thing with scrypt coins, but for people new to this you really need to look closely at the numbers. A couple of days ago when ETH was peaking you could punch in the numbers on a profitability calculator and it indicated you could ROI on a efficient card in a month. Now those same figures indicate it will take 2-3 months.

Now, not only has the price fallen, but also the number of new miners has increased and will not drop off proportionally. This Red Queen's Race always happens and you need to really sit down and figure out your profitability before going out and investing.

As some have stated, at least by investing in your own equipment, in the worse case you can at least sell your equipment off. By investing in cloud hashing, once you send in your money you are committed, if the price bottoms you will be lucky to get 40-50% of your money back.

People are buying graphics to mine Ethereum. The difficulty has risen a lot. If you build miner now, there is no ROI if the price is the same.
97  Alternate cryptocurrencies / Mining (Altcoins) / Re: Ethereum mining still profitable? on: February 19, 2016, 07:37:59 AM
I have 2x AMD Radeon R9 380 4gb running at low 70s degrees C and I'm getting about 38 MH/s mining through nanopool.

Can someone advise me if these numbers are reasonable? I'm running Windows 10, is that hurting me?

Thanks very much for the help!

This number is quite reasonable. It is about 19MH/s for each card. It is slower than 280x. But it will reduce in the future due to DAG increase.
98  Bitcoin / Bitcoin Discussion / Re: which takes more transaction fees-paypal or bitcoin? on: February 19, 2016, 07:36:13 AM
Paypal takes more, but it also refunds your money if you are scammed.

That is the main benefit of Paypal. I use paypal to pay for goods. It makes me feel safe, will not be scammed.
99  Bitcoin / Bitcoin Discussion / Re: What's your biggest problem with Bitcoin on: February 19, 2016, 07:35:01 AM
The confirmation time is taking too long.

Otherwise, it's great for transactions!

When the block size is increased to 2MB or higher in the next 6 months, the confirmation time will reduce significantly.
100  Economy / Speculation / Re: What is happening to BTC price? on: February 18, 2016, 08:53:11 PM
as per my knowledge i have read that Bitcoin halvic is their within few days and their will be impact in the market as the production of bitcoin will become 50% less. so for that market is reacting that their may be shortage of supply so the demand may increase
It's not due to halving but due to the Chinese investors. If you go through this article, you can check the reasons they have stated:
http://www.newsbtc.com/2016/02/15/bitcoin-price-technical-analysis-for-15022016-heading-for-larger-triangle-top

It's also predicted that this is only a short term rise and we may reach $465 and then $300 soon. I don't think it would happen.

I think the price will not reach $300 again, unless Core team rejects the block size increase in two weeks.

The $300 is the cost of some miners in the next few months due to the difficulty rise. So it is a bottom.
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