Only if the community wants payments to keep processing in the network.

Speculators and regular people couldn't care less about the difficulty of generating blocks and the expenses involved.
They just want bitcoins.

If they panic or refuse to buy at a certain price point then the price wont go up, simple as that.

Same thing happens with my 6990's.

I can even overclock the second core to about 900mhz and it still stays pretty cool.

The primary core gets up to 85-92c even at stock frequency, and is always 10-12c hotter than the other core no matter what I do (even 100% fan speed, no other cards attached, etc.)

That doesn't mean anything. There are millions of A+ Chinese students who write perfect British English online. I've done business & talked with plenty of them on forums. Their word usage, grammar and spelling is top notch.

You could never tell they are Chinese unless they used nicknames indicating their place of origin.

I don't see how that's any different for Japan or any other country. English is my 3rd language but I'm 100% fluent in it, maybe more so than in my native language which I've already forgotten partially.

For all you know, you could just go to Google Maps. Or you could call Cerulean Tower and ask the receptionist if there's a company called Tibanne Co, Ltd. operating in the building.

It just so happens, it's in Shibuya, the most expensive district of Tokyo beside Shinjuku.

Even the owner's name is public. So no, it's not "two 20 year olds running MtGox out of their garage".

If you follow bitcoincharts.com then the daily volume (and open/close) resets at precisely 01:00 GMT +0.
All coins traded between then and the next 24 hours are the daily 'volume'.

Maybe in a few months, but not in the recent future.

Even before the crash on Mt. Gox, there were a ton of dimwits panicking and selling a massive amount of BTC even at $10 just because it notched down a dollar during the weekend
(check the price history if you don't believe me).

I.e. hysterical speculators with tons of bitcoins who made idiotic market moves by getting rid of their BTC holdings at any price possible.

How do you educate inexperienced beginners about market fluctuations? You don't. People have to learn it themselves.
Speculators will finally understand that bitcoin is not going to crash or skyrocket just because the value moves $0.5 up or down during the course of a normal day.

Are you sure you don't work for the communist party of China?

It's illegal to access Facebok, Youtube, Twitter, IMDb and Wikileaks. Really, you can go to prison for attempting to proxy your way into these sites.

Maybe they will also add Bitcoin to the list.
Doesn't mean anything is wrong with those services; Nor that the majority of the world will stop using them even if some board of fat old men in suits decides they are a 'turmoil to the people'.

I'm not an anarchist by any means. Probably right-wing if anything. I just don't see why BTC being made illegal somewhere would make it's use condemnable.

Online poker is banned in the USA because they hate losing tax revenue;
Doesn't mean it's not being played 24/7 in all the other countries of the world. Doesn't mean americans now condemn online poker as a game.

Are you a really little kid? Just saying

Anyways, to OP: Price is not dictated by difficulty but by demand.

While in the past price has risen in a linear curve with difficulty, apparently a ton of old miners have loaded off their early bitcoins onto the market & keep the price low.

Speculators don't care about difficulty of mining. They only care about how many BTC are out there on the open market. And there seem to be plenty even if current miners didn't sell anything for a month.

Convince more people to use bitcoins & drive up demand, or convince old holders not to sell their coins at bargains like they did in mass at $4/btc a month or few back.

Either way works but both are pretty hard to accomplish.

We can't because difficulty changes every 14 days at 6 blocks/hour, or about every 5-9 days at 7-12 blocks per hour as it has recently.

Difficulty wont stay at 1,3 million just as it didn't stay at 877k.
It will rise to about 3-5 million by the end of next month which means any calculations made at current difficulty are completely useless.

You can't calculate future earnings based on 1,3M difficulty when it's only going to last about a week before going up again (and likely double within 20-30 days).

If BTC price really does stay at $15/btc then a miner buying a full rig today will likely never pay it off. He's missed the train by a long shot.
His only hope is holding onto what little he can get out of his rig & wait for price appreciation.

This same story is repeated on various forums, in various scenarios and situations, it's always 100% bullshit.

Always some spotty teen claiming "he" caused a market crash, hacked the servers or created a tornado. His lapdog friend running to forums like a faithful little brother & repeating everything he said with enthusiastic vapidness.

The crash was caused by one Mt. Gox account being compromised, and not your friend dumping a bunch of Linden dollars from Second Life.
That account was used to fill all open buy orders which means some were sold even at a token 0.01BTC price. He then attempted to cash out a ton of BTC but the $1,000 limitation kicked in.

I'm also seeing a strong correlation between the quality of hardware and rate of stales.

I.e., the faster the card is, the less stales it gets. One of my 6990's has 0.11% stales on 1 core and 0,23% on the other.

Then there's 5770's and  5830's with 2% stales.

What stocks did you buy that went to zero value in 8 days? Definitely not any on the S&P 500, NYSE or NASDAQ

Can't compete with that

Then again, it does make the network more secure. If everyone just quits mining the network becomes susceptible to forging attacks

The only problem being; Repeating the process months down the road will take 5-10 times longer than it did the first time around.
This strategy seems pretty obsolete, the only thing that makes sense for small miners is to wait for the price to climb up substantially.

If you just sell everything you earn at current spot rate (maybe 0.20btc per day for a small miner)
your income will just keep getting lower & lower until you can't generate anything & have no BTC left,
so all you have is your hardware, no bitcoins, and no chances of generating any bitcoins.

Pools generate 100% guaranteed daily income, esp. if you opt in for a PPS scheme.

You are guaranteed nothing while solo mining and might not even find a block at all at 1-3m difficulty using a single gpu

What is a 15 dollar bitcoin and where do you get them?

Deflation due to limited supply.

Send to slush

As said above it's not worth it with an embedded CPU miner.
Even if you set affinity to about 5%, a dozen players would create less than 1 bitcent per day.

There's also the chance of players with weaker processors joining that will definitely notice the increased workload & their game will start lagging.

There is no denying that it's hip to be square.

Hey.

Would you PM me a bitcoin address for order 329. It said the server was temporarily down during checkout about 5 mins ago. Thanks.