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81  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining ETH or ETC on: July 26, 2016, 03:03:22 PM
If you just want to mine and sell, then you can mine the ETC now. It is more profitable to mine it at the moment.
82  Economy / Speculation / Re: Next breakout in bitcoins price when will it be? on: July 26, 2016, 03:01:38 PM
I think the next break out will be in September or October or when the bitcoin block size capacity is increased.
Although there is a breakout building pressure in the chart, there is not yet any sign for that. May be the breakout direction could follow a past trend, I think the next breakout is not before reaching $1000.

I think it will take a few more months for the bitcoin to consolidate the price before the price rise again.
83  Alternate cryptocurrencies / Mining (Altcoins) / Re: ethminer-0.9.41-genoil-1.1 on: July 25, 2016, 10:37:20 AM
Hey, guys, what are the best settings for a GPU RIG with 6x NVIDIA GTX970, Intel CPU, 4 GB RAM, SSD?



That is OK. You need a motherboard supporting 6 PCIE slots. The best for the mining is the Asrock MB.
84  Alternate cryptocurrencies / Altcoin Discussion / Re: The DAO FAIL on: July 25, 2016, 10:35:29 AM

I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I think so, if the miners do not like to mine at the new chain, they should move to mine the old chain.

According to http://fork.ethstats.net/, the Classic Ethereum chain mining difficulty is around 6% of the main chain.
85  Economy / Speculation / Re: Next breakout in bitcoins price when will it be? on: July 25, 2016, 10:33:23 AM
If we're talking about a real potential breakout, then I am more concentrating on the months October and November. Doesn't mean it will really happen, but these months are mostly good for traders looking for volatility.

The bitcoin price is consolidating after the recent big rise. November is 4 months away from now, that will be a good period.
86  Economy / Economics / Re: Big Crash coming on: July 25, 2016, 10:32:01 AM
3. Bitcoin won't be banned in western countries, in fact Russia is country being closest to banning bitcoin. Not because they hate it, or think it is harmful because national security can be harmed. 
But mainly because they are so insecure about their own currency - Ruble

Obviously, you don't understand how things work, especially in Russia. If the government decides to outright ban Bitcoin (which they still refrain from doing after so many talks and speculations, mind you), people will get seriously interested and may actually start buying into this thing called Bitcoin. Since it is considered as a given that if government decides to ban something like the US dollar (there were precedents), peeps get agitated, rumors start circulating - the conclusion inexorably being that the authorities wouldn't ban something which they weren't afraid of...

This is surely not what the gov presently needs, just because "they are so insecure about their own currency"

When the government ban the bitcoin, it means the bitcoin is useful and valuable. People will buy it instead.
87  Economy / Services / Re: INCREASED PAYOUT(7/13) ۩۞۩ secondstrade.com ★signature campaign★upto0.00051/post on: July 22, 2016, 06:39:50 PM
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88  Economy / Speculation / Re: Next breakout in bitcoins price when will it be? on: July 21, 2016, 11:44:23 AM
The next price surge is going to be a couple of months yet, I see us moving sideways for a while.

That is true. I think the price will trade between $600 to $750 for 3 to 5 months before it move up again.

Before the last big jump in May and June, the price stay around the $400 range for 5 months, so next one will also be in 5 months.
89  Alternate cryptocurrencies / Altcoin Discussion / Re: The DAO FAIL on: July 21, 2016, 11:40:20 AM
The price of DAO is connected to eth it is not a fail if the hardfork of eth succeeded..hope it works out .

The DAO as an investment vehicle is a complete fail. The investors can however get their ETH back and as such the Hardfork was successful.  Look here to see the rapid trade of tokens to ETH as individuals recover their coins.

http://etherscan.io/token/TheDAO#txns

Wonder where all those ETH are heading.

Note: Millions have already moved.

Some people are buying the Etheruem at the moment. It seems the price has risen quite a lot today.

Seems that way. The ETH being transferred from tokens will either be sold or held (No one knows how much of each). Will be interesting to see if the buyers are willing to purchase everything being sold.

If the Ethereum from the DAO are sold, that will put pressure on the Ethereum price. It could reduce the price.
90  Economy / Economics / Re: Big Crash coming on: July 21, 2016, 11:39:07 AM
There were reports in the Financial Times and the Daily Telegraph about the banking problems in the Italy.
91  Alternate cryptocurrencies / Altcoin Discussion / Re: the dao was a scam on: July 21, 2016, 11:37:33 AM
I don't think it was a scam to begin with... however, it exploit was just right for that to happen. Of course that if there's an exploit there will always someone taking advantage of it!

I'm still on the fence on if it was an inside job. I think someone inside told someone outside about the vulnerability, and is expecting a cut of that short. But the level of technical sophistication is amazing, it is almost as if someone where sitting on this, waiting to exploit it. Too major to be a passive discovery.

The vulnability was known before the hack. There was discussion in some forums. The developers thought it was not a big problem.
92  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Eth hardfork incoming - Race to the exits? on: July 17, 2016, 07:48:13 PM
They will hard fork to take funds away, how does this increase confidence as its an attack on the one core aspect of what makes a cryptocurrency a cryptocurrency: no central banks.

After the hard fork, people are more confident about the Ethereum. So I think the price will rise as a result.

Investors will get their funds back from the thief, so they will have more confidence in the Ethereum.
93  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Who will be the next victim for Vitalik to dump his Ethereum IPO scamtokens on? on: July 17, 2016, 07:39:47 PM
So these Chinese could be strong supporter of the Ethereum. They will set up $50 million fund to support crypto currency including the Etheruem.
94  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Eth hardfork incoming - Race to the exits? on: July 17, 2016, 07:36:13 PM
After the hard fork, people are more confident about the Ethereum. So I think the price will rise as a result.
95  Alternate cryptocurrencies / Altcoin Discussion / Re: The DAO FAIL on: July 10, 2016, 06:33:33 AM
Why Corporations Love Ethereum

Ethereum, the world’s second most valuable cryptocurrency network after Bitcoin, recently fell victim to a sophisticated hack within one of its third party developer contracts, the DAO, which exposed more than $50,000,000 in user funds to loss — although for now, it appears the money is safely in frozen limbo, with a more concrete solution on the way in the form of a coming software update a majority of miners or nodes need to accept, known as a “hard fork” in cryptocurrency lingo....

Actually, THE ENTIRE DAO was exposed to user fund loss and the attack was not an unknown sophisticated attack from the blue it was warned about ahead of time. And there is is no way those other funds can be considered safe in any shape or form. But nice try on the spin. If ETH didn't have such a high cap it would be completely dead and abandoned by now. But good luck in swaying the fools that took the bait to stick it out and feel the brunt of the coming collapse.
Why do you care? ETH and DAO are now rebounding after the community voted consensus for a HF. You have no skin in the game so why do you hate so much?

Because I hate to see lies pimping shit for profit.

The Ethereum is a live project and it is evolving all the time. It will be more popular after the crisis.
96  Alternate cryptocurrencies / Altcoin Discussion / Re: There was no DAO hack on: June 26, 2016, 07:28:54 AM
The majority of the miners think there is a hack. They will support the freezing of the "stolen" funds, they have voted with their hashing.
97  Alternate cryptocurrencies / Altcoin Discussion / Re: the dao was a scam on: June 19, 2016, 11:09:27 AM
I think we just can wait and see the proccess of the law if there are people who report them to police or something Dev of judge.

That could be very interesting. If somebody report to the FBI or a local police station about the theft, how will they respond?
98  Alternate cryptocurrencies / Altcoin Discussion / Re: The DAO FAIL on: June 19, 2016, 11:07:49 AM

Miners are there to protect the integrity of the monetary system. If the thief cannot be caught in the real life, then we have to take back our money with a fork.

You will also have to pay the price of doing that which will be to have undermined one of the technology's core properties for evermore and make it toxic for any future serious players.

Bitcointalk is one thing, where people are aware of the subtleties of the background to this case. Major investors who have never heard of "smart contracts" up till now will not touch it with a bargepole once they learn that immutability can be compromised in this way - whether by mining consensus or in any other strategy. Your job as a miner is to consolidate history, not rewrite it.

Further, instead of confining the loss to DAO investors where it belongs, you will now be imposing it upon the entire Ethereum holder community.

Best to study historical precedents in this area:

http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/



I think the Ethereum community will pay the price for supporting the DAO owners. But that is the right price to pay.
99  Alternate cryptocurrencies / Altcoin Discussion / Re: There was no DAO hack on: June 19, 2016, 10:58:38 AM
Your statement might be true, it may lose all those qualities however it may become the most TRUSTED centralized blockchain platform. Do you really think that the Ethereum community will abandon ship if they all got their money back or if the DAO is completely restored and patched?

I think they will stay.
Properly said in other words:" The whole idea behind cryptocurrency of going towards decentralization/ditching banks and governments goes down the drain. These people just want profit and are not better than those corrupt officials that we oppose." They will become hypocrites the second that they criticize another bailout in the future (regardless of whether we're talking about banks or other coins).

I agree with this. I hold DAO and want my money back. I am also a miner. So I will vote for the fork if the thief does not return my money.
You've made a mistake investing into something so complex (complexity is the enemy of security). How about just accepting it?

I am a miner as well as a DAO holder. So I can support the fork to get my money back. That is the benefit of being a miner.
100  Bitcoin / Press / Re: [2016-06-17] Tumultuous Week Fuels 30% Gain in Bitcoin and Ether Prices on: June 19, 2016, 10:35:55 AM
Tumultuous Week Fuels 30% Gain in Bitcoin and Ether Prices

Bitcoin and ether both surged this week, the former hitting a 28-month high and the latter surpassing $20 for the first time. The combined rally of these two digital currencies from 10th June to 17th June helped shed further light on their relationship, a matter that has frequently drawn the attention of market analysts.

http://www.coindesk.com/bitcoin-ether-weekly-gains/

What is interesting is what happened after 17th June.
The DAO hack and its aftermath ensured that all the correlation calculations went out of the window.

If the crisis of the Ethereum is solved properly, I think the Etheruem price will rise a lot, maybe even faster than bitcoin.
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