Not really a good deal considering you can buy 2 new Antminer S3 miners for 1.25BTC which is about $700 and they will do about 900GH/s but they will only use 700W (you need to supply a PSU). Since they use less power they will be more profitable if you have more expensive electricity. I think the calculator assume $0.10/KWH - is that your rate?
Actually the power usage is no problem for me since I'm staying in a place with free power. Which shop are selling the miner you wrote about ? Look for the Bitmain S3 thread in hardware. Having free power doesn't mean a magical fairy is going to come into your house and gives you a cold beer and some ice cream. Your place will get hot and if you have AC then you're OK. Otherwise that's another expense. DrG, you are so kind and patient! Are you Buddhist by any chance? I had previously mistaken you for a woman, lol, so I'm obviously not very intuitive. But when I read threads like this, I feel such a strong need to DESTROY the OP's fantasy and drag them into the real world. I'm always amazed by how some people can be so nice. I don't really ascribe to any one faith, just believe there is something out there. I'm very patient IRL or I would not be able to do my job as a physician (internal medicine) where families and sometimes patients talk in circles without answering my question. It's 3AM - I was about to sleep and just got an admission. I can either go to sleep and have the nurse wake me up right as I start to enter REM or I can stay awake and hopefully they can call me soon. Either way my sleep is screwed
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BTC adoption at Amazon would be nice, but given the amount of business they do, I'm sure it would take a hige amount of research and development to effectively roll this out. They shpuld test it out amongst Amazon Prime members first or something to see how it works. They would also need to be tracking IPs (which they probably already do) since BTC is not allowed im certain countries
Amazon would most likely use an exchanger and never even receive a single BTC. They would receive fiat in USD just like if somebody in Mexico bought a book the credit card company exchanges for USD. The exchanger would be responsible for knowing the countries currency laws.
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I like the classic look of beta symbol for microBTC but I think it might get confused in the context of other things that use beta as well. The fourth one doesn't look to bad.
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All those hard drives formatted and thrown away with wallets on them... not too many people throw out cash when they dump an old mattress.
Bitcoin would be more like a $20 you left in a pair of jeans and ran through the wash and don't even notice it's not a bill after it comes out. Oh the horror!
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I have gone through 12 core wallets, 6 online wallets and 6 alt client wallets. The core wallet alone would be 1200 addresses but of those probably not more than 50 receives were used. Do exchange addresses count as mine since I have over 20 of those
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I heard Bitcoin was on MH17 and Russia shot it done, true story.
Bleh these Bitcoin ban stories from China and Russia are like those nuc threats from DPRK.
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The last company to adopt Bitcoin is a rotten egg.
After 1 year of success and no IRS issues with their accounting I can see tons of companies adopting BTC. It's always best to let other companies be the guinea pigs if you have a reliable system in place so that you don't have to foot the bill for the legal challenges.
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I could see Singapore adopting it with a lot of regulation long before Israel would even consider it. For Israel to adopt it the US would have to adopt it first
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Rather than follow LTC's lead Doge is slowly following Coinye's lead - the community support cannot overcome the inertia of miners dumping the coin for minimal profits. Any rise in price is met with a few miners throwing ASICs at it for a couple hours and dumping.
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You could always use an ancient USB drive with a flash area so small that the "upgraded" firmware could not be put on there. Kind of like how dumbphones might actually be smarter for security purposes.
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Not really a good deal considering you can buy 2 new Antminer S3 miners for 1.25BTC which is about $700 and they will do about 900GH/s but they will only use 700W (you need to supply a PSU). Since they use less power they will be more profitable if you have more expensive electricity. I think the calculator assume $0.10/KWH - is that your rate?
Actually the power usage is no problem for me since I'm staying in a place with free power. Which shop are selling the miner you wrote about ? Look for the Bitmain S3 thread in hardware. Having free power doesn't mean a magical fairy is going to come into your house and gives you a cold beer and some ice cream. Your place will get hot and if you have AC then you're OK. Otherwise that's another expense.
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Never! If you look at the charts you can clearly see BTC is on a nasty downward spiral into oblivion! Difficulty raises are less... Coin price decreases... Its doge all over again!! That's right! I've been pouring over the fundamentals, looking at declining sales revenue, and these continuous lawsuits about patent infringement from Samsun....err, oh you're talking about BTC... WTFOMGBBQSAUCE Did he just compared BTC to Doge?
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Where was $600 broken? Stamp? BTCe shows $598.5 and another slow wave down. Ride the wave.
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All you get by selling is an immediate tax burden. I will rid myself of my BTC when I find something I want to buy with them, never sooner.
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Unless those 147K hit the market unannounced the market will take that into consideration. People will either buy ahead or holding purchasing depending on which way they think the price will go. Seeing as how Draper's 27 did nothing, 147 might not do anything.
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Yes bitcoin was very much a bubble at the time. The high prices of most bubbles are eventually surpassed over time as fundamentals of the underlying asset catches up to the price of the asset.
Definitely. At that point of time, there was nothing to justify its valuation. There is only so much of future potential (given the uncertainty) that you can squeeze into its valuation. The 3 bubbles or overjoys if you want to call them (people getting giddy at their computer pressing F5 every 3 seconds) happened at $30, $265 and that last run to $1200. So far this year despite dropping to 1/2 and then going backup up 50% we have not seen bubble. The good and bad news seems to be canceling each other out realtime.
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Well the volume continues to remain low, so whoever is selling and buying is not making enough waves or ruffling enough feathers.
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Well those whose objectives are to be become wealthy and nothing more (not create a company to be proud of, not create a product to change the world) often look for work that bypasses not hurdles and attempts to exploit some resource (human, manmade or natural). Those people's goal is strictly money - and they don't care how they get it. Some may indeed "work" hard, but they may not actually be doing "work" in the sense of creating something purposeful.
Most burglars in a large city "work" - they just don't accomplish anything.
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I found the credit rating to be absolutely useless to me beyond when I bought 2 new cars within a week of each other about 6 years ago. The credit score helped me get 0% APR on both vehicles but I was going to pay cash for both vehicles anyways.
I don't find my 800+ score to be much help in buying investment housing. I'm still limited by income - which when you're self employed can be a real pain. I can show $1 million equity in a house and I still can't get a loan for $300k - stupid system.
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IMO gmail is the best. Google has proven to be very reliable, very innovative and has a corporate motto of "do no evil"
Oh God, thanks for the laugh....ahh that was good. That might have been Google's motto in 1999. Nowadays I see them and Apple as the corporate behemoths who cowtoe to the US gov. While email isn't ever secure with encryption, I trust Outlook with my privacy a little more. For safety nothing is easier than Google 2FA though - a must have for exchanges.
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