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Let's say you knew for certain that it would be useless to GPU mine in 3 weeks after your machine was built. Would you still get it for gaming?
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I withdrew a small amount about an hour ago, it went through instantly.
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The panic sell probably happened because 1Dky moved another 100k BTC. There's no reason to panic sell if it was just used to buy a house. If it was about to be dumped otoh...
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I think it's (your weighted/total (on correct side) weighted) * total disagree btc - good job!
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all admit, I'm now thinking I will indeed lose this bet.  I guess I got too cocky with my other predictions. How much did you make off the one you just won? |
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12$ was hit already, on 8-27 EST. Bet's over, and the agrees won.
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I feel like this was the best accidental scam and here is why. If you use the bet quoted above about the "Mt.Gox high price of the day", the person who bet for it to go above $12 can always just place all the bets and then at 10pm PST place a buy order for $12 and win even if the average price was $5. In the future you guys should use the weighted price.
tl;dr I am willing to bet at least 50BTC in escrow that Mt. Gox high price of the day will hit $15 within 9 hours!
Incorrect. A buy order placed above the lowest ask will be filled at the lowest ask. You would lose your bet unless the lowest ask went above $15. |
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They'd have to be crazy not to if the income from mining is in the millions while selling is only in the thousands.
Selling is in the millions. I guess I see why so many people have you on ignore. Even extremely conservative estimates based on the pre-order list for SC hardware alone will indicate that "in the millions" is a reasonable floor. https://bitcointalk.org/index.php?topic=89685.0 |
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They'd have to be crazy not to if the income from mining is in the millions while selling is only in the thousands.
Selling is in the millions. |
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BFL could just start mining with your order, until it's no longer worth it, before shipping.
They could, if they wanted to destroy their business and undermine confidence in the security of the network. They're smarter than that - they recognized that there's often more money in selling shovels and sieves than there is in panning for gold. |
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Where are you going to get the 5830's? Used?
Have you ever gotten a machine running with 4 video cards maxed out at once before?
Are you going to run linux or windows? Have you ever flashed a card bios before? Are you familiar with the overclocking tools?
"IF" the difficulty "starts" to go up? The difficulty just went up over 11%! It's been making large increases every round for months. FPGA deliveries are ongoing.
What you're missing is experience dealing with GPU mining. What I'm telling you, as someone who has been GPU mining for over 19 months, on many rigs, using many software and hardware options: what you are proposing doesn't sound like a good idea. If you want to invest in Bitcoin, you should buy coins. If you want to invest in mining equipment, either gamble on BFL or gamble against them (buy FGPAs from another manuf and pray BFL fails to deliver.)
Best of luck!
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1000 guys here become loans for car,for investment, for all other shit, why ? and i ? iam a scammer or what? i dont understand this
Yes, and they're almost all scammers. |
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Hopefully I should be able to almost break even with BTC in 3 months and the profit would be made on selling the hardware.
After that I will probably look into ASICS
There's little to no chance of you coming close to breaking even in 3 months. The "little" part would only be possible with a much larger upwards jump in price vs difficulty - and if that's what you're counting on, you will be a lot better off buying coins. Why will I not come close to breaking even in 3 months with free electricity?? 1) There is currently a steep rise in difficulty as FPGA rigs are currently being delivered and added to the network power. 2) GPU mining has a significant learning curve 3) We barely have more than 1 month left until BFL says they will start delivering ASICs rigs. While that's certainly no guarantee, it's another thing you're betting against. You're about to invest a lot of time and energy for very little return. |
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Hopefully I should be able to almost break even with BTC in 3 months and the profit would be made on selling the hardware.
After that I will probably look into ASICS
There's little to no chance of you coming close to breaking even in 3 months. The "little" part would only be possible with a much larger upwards jump in price vs difficulty - and if that's what you're counting on, you will be a lot better off buying coins. |
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Well, as long as you said "really."
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Enjoy. What are you doing with BTC0.01?
SatoshiDice! |
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This late in the game if your gonna buy anything it should be a GPU or nothing at all until January or later. The GPU's are very versitile and have plenty of exit options. FPGA's are pretty much only good for bitcoins and have unreasonable shipping times along with initial cost. With a GPU if you don't mine something else with it when it's obsolete you can probably resell it at a profit worst case scenario. Any other option has higher up side but even worse down side. I'd wait until January or February to see how things are if your gonna invest in other technologies.
Nothing at all is the best advice. Spend your investment directly on coins. |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
This has been my suspicion as well. |
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