Based on my calculations running a 5 Ghs in the Slush pool I should be able to average out just over 1 to 1.5 BTC a month Your calculations are wrong 5GH/s would get you 0.0041 BTC per day or 0.123 BTC per month at current difficulty level. If 1BTC per month is your goal you need at least 40 Gh/s and you would need a mining machine like this http://technobit.eu/index.php?id_product=52&controller=product&id_lang=1of course difficulty will rise and this BTC production level will reduce over time. If you're interested in the 40GH/s machine see this thread I wrote today https://bitcointalk.org/index.php?topic=342086.0 |
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New to this forum, couldnt help but read all the hate on bitcoin (scam, pointless), what gives? Not just here either, in comment threads about bitcoin across the internet.
That's also what people said about computers and the Internet. Bitcoin is only the beginning as other altcoins are now emerging into the collective consciousness of the mainsteam. This is clearly evident on the following page: http://coinmarketcap.com/Soon one of these alt currencies will rise to challenge the mighty Bitcoin. Interesting times indeed. It's quite clear to me that Bitcoin is the "the chosen one". MtGox claimed it couldn't support Litecoin because it was DDOS attacked! |
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As a wise Indian once said.. "First they ignore you, then they laugh at you, then they fight you, then you win." - Mahatma Gandhi |
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You meet in a cafe that has wifi and share a coffee while waiting for the transaction to complete. Using mobile phones rather than laptops help make you look a little less like a spies exchanging swiss bank accounts!  |
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Sorry, but the IRS has you by the short and curlies. Whether the limit is now $10000 or $5000 or whatever, the IRS software now tracks ALL withdrawals over $500 or so. If the system finds you making repeated withdrawals (or deposits) just below the limit, they may use civil forfeiture laws to seize your entire Mt. Gox account and any account you deposited into from the Gox account. See..... https://www.youtube.com/watch?v=dbHQJzX6ebEThe guy in the video is displaying the symbols of freemasonry. What Is Freemasonry? https://www.youtube.com/watch?v=1XhirrSEKjI |
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It gets reported to the IRS.
If you are not doing anything illegal, don't worry about it, just make sure you are honest when filing your tax return about your Bitcoin income and keep records to prove how you earned the income!
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Bitcoin is the free market answer to governments/banks that steal your purchasing power. Inflation is a stealth tax. You can do more research on how Japan tapered in the 1990s. Bull! Japan is in the same economic depression it has been in since it refused to let the housing market crash in 1990s. QE is the suspension of capitalism and the bailout of a plutocrat landlord class. Japan proved it doesn't work! Mortgages are so long in Japan now that they are passed through the generations from father to son. Children cannot afford to leave home and start a family of their own. They have to live with their parents until they die. Low interest rates are your enemy, not your friend, they increase asset prices and turn you into a debt slave for longer! Capitalism requires idiots who fail, to lose their assets, not get a transfer of wealth from the prudent! That way lies Communism and Fascism. |
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I'd rather buy 2 Bitcoin mining machines with the money, but you have to have some tech skills to set them up. http://technobit.eu/index.php?id_product=52&controller=product&id_lang=1They accept Bitpay even though it doesn't say up front. They would create a bitcoin a month at current difficulty, but it has investment risk, and obviously over time returns would diminish as difficulty rises. For the none tech people just hold some coin and forget about it for 10 years. |
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As I often explain to Keynesians..
you assume populations can grow forever and resources never run out!
I hate to break it to them but we live in a finite world and we just hit peak energy!
We are in a deflationary cycle and to survive it we will need a deflationary currency.
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The shipping says 2 Euros is that applicable for Australia?
Please read carefully This is only packing with your shipping. To Austria shipping option is 3 day DPD road - 30 EUR I love how people keep mixing up Australia and Austria, in the Bitcoin delivery world! |
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Woo, courier visited today. Onto installation, need to rebuild cgminer. No Instructions with the device... configure --enable-avalon?
I seem to be stuck, cannot compile cgminer which would recognise the device... applied the latest cgminer patch for 3.8.1, but configuring with --enable-hexminerb doesn't do anything. Even edited cgminer.c to include hexminerb stuff but no dice...
Did you try the download page for the latest patches from the Technobit page? http://technobit.eu/index.php?id_product=53&controller=product&id_lang=1#Also take a look at this YouTube tutorial, for a different hex miner, but it might help.. they use a proxy for windows and USB serial port emulation. http://youtu.be/l9SgoVm16Sw?t=3m34sI personally went the extra 37euro for the TL-MR3020 router with preloaded CGminer /dd-wrt as a low power host for the HEX16 boards http://technobit.eu/index.php?id_product=37&controller=product&id_lang=1 |
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nice review and thanks for the great effort! these boards are the only ones i saw without HW errors... must be pretty good workmanship...
I think I read somewhere the HW errors are a dissabled metric it's not really zero. |
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I dont know what make your using but HEX miner Bitfury boards have to run a proxy program to work in windows. Hexminer Tutorial http://youtu.be/l9SgoVm16Sw?t=4m6sMake sure your really have USB 2 ports, and if using a USB hub, that it's a powered one. |
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Some feedback.. The window of opportunity is closing on 55nm. You gotta build this ASAP! I have a pending order. Is this board with or without chips?
The question is not answered yet.
with chips Remove those two messages saying.. "Shipment up to 4 weeks after reciept chips" "Shipment up to 4 weeks after reciept of your chips" It's got to be confusing buyers into thinking they got to send chips and hurting your sales! Your 2euro packing fee is also going to confuse people into thinking it's a delivery service. Just add 2 euro to the final price. Everything's going to get boxed anyway? Add the Bitpay logo near the PayPal/CC logos so people know they can buy with Bitcoins before going through the ordering process! Don't e-mail people their password! LOL, or at least obscure it! The NSA knows it now!  |
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Butterfly labs 1 jala cost me 274USD and 44 GBP import duty and parcelforce handling fee
Also BFL two jalapenos 548 USD + 80 GBP import duty fees and handling.
Then rest BFL declared as 1 item and had to pay 40 GBP for 8 jalas...
God bless you, BFL, and God bless 'Murica!
Guess I'd have to fly to freakin' Texas to save up my money on bloody taxes...
eeehaaa, cowboys 'n' guns, beef jerky, alrighty
But then I am thinking how many kilos is one cointerra rig and exact dimensions?
What's supposed to happen is the person exporting to you should refund their local taxes back to you. |
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No! Litecoin was designed to keep mining on a bog standard PC parts so everyone got a fair share of the coins. It's the Communist version of Bitcoin It does it by requiring lots of expensive memory for the calculations. The only way to get ahead is use graphics cards with lots of memory. A 2Gb version of the same GPU will run more caluculations than the 1Gb version. |
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SERIOUSLY! IF ANYONE HAS MONEY WITH THEM CONTACT THE POLICE AND PRESS CHARGES OF FRAUD - THEY CAN BE CHARGED WITH FRAUD EVEN IF THEY RETURN YOUR MONEY +1 Yeah it's called an "arbitrage fraud" where you promise something in order to get a free loan for currency speculation and then you refund the money after the currency rises and pocket the difference. |
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