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I like using linux mostly just because I like Linux better in general. But one thing I do like is that I don't have to boot up into the graphical desktop, which I think will use less resources.
I may be wrong, but I thought that you need to enable the desktop environment in order to mine. |
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Gregory Mannarino
6 days ago
With regard to Bitcoin, could I be wrong? Absolutely. As always please do your own homework, establish an understanding, and act accordingly. I am still, (and will always be) a believer in hard assets. For now it seems to me there is a mania of sorts in Bitcion and most people get hurt with these things-(manias, bubbles). Just be careful. Thanks, Greg. It's obvious that he doesn't understand Bitcoin as soon as he starts talking about how USD is digital. That being said, he's making a safe bet saying that bitcoin is in a bubble. If he was propositioned on the same scale with anything other than bitcoin, the chance that he'd be wrong is close to zero. |
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mBTC could potentially be helpful in promoting broader user engagement due to the current lack of understanding by the general public that bitcoin can be bought and owned in fractions. More bitcoin owners hips will likely result more transactions, more liquidity and thus better price stability. I see some merits in it.
I don't understand why this argument is so prevalent. So long as people can't use credit cards or paypal to buy bitcoins, the biggest barrier to a small buyer is the necessity of using a wire transfer or linking their bank account to some exchange. With the media portraying bitcoin as drug money, is anyone really going to want to associate their bank account with some sketchy exchange? Bitcoin appeals to fiscal conservatives, and it follows that fiscal conservatives would be generally conservative. http://www.psychologytoday.com/blog/the-human-beast/201104/conservatives-big-fear-brain-study-findsBitcoins sketchiness is the biggest deterrent to small investors. |
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Your number one reason for bitcoin to prosper is that it's new. You had some good points, but I almost stopped reading right there.
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Stay away from the press subforum, you might have an aneurism. The media sensationalizing bitcoin will probably end up being an obstacle to long term adoption.
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In my case, GPU mining was attractive because I could use my graphics card to get another graphics card. I put that I originally was interested in Bitcoin as an investment, but my motives were short term.
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It is always say that all bitcoin transaction is traceable for bitcoin transaction. I just wondering Is it still possible to trace the transaction after bitcoin trade with (e.g Litecoin etc.) And who will keep these exchange record ? The exchange web??  If you trade on an exchange, then they'll have a record of it. However, if you trade in person, or use multiple exchanges, there's less risk. |
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I'm already spending... but I have something specific that I want to buy, and I'll do it when it costs me less than 0.1 BTC.. right now it's slightly above it.
That sounds pretty sketch. Any chance you'd tell us what it is? |
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Does anyone know what the gap in trading yesterday was? The price has been falling since then.  |
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Your argument relies on the postulate that Bitcoin is going to become a global standard. There isn't anything coercing the world economy into adopting Bitcoin. On the other hand, "those with a big stash of the old currency" already have enough wealth that they could prevent Bitcoin's widespread adoption.
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I voted yes. Just because accounts can be sold covertly, doesn't mean that nobody will get caught. It's best to make an example of the minority who overtly trade accounts in order to dissuade others from doing the same. So long as people are aware that accounts are being sold, regardless of the rules, they won't put too much stake in someone's reputation.
In fact, if there's a section in the rules that says it's against the rules to trade accounts, the more logical conclusion is that people have been doing it. If nobody was trading accounts, then there wouldn't be a need for a rule.
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China is only the leader because of the 0% trading and thats why they are looking to the rest of the world to move the market.
That's ridiculous. http://www.forbes.com/sites/gordonchang/2013/11/24/a-china-triangle-bitcoin-baidu-and-beijing/Two favorable mentions in state media ... signaled that Beijing is in favor of the use of the currency. Moreover, on October 15 Baidu Jiasule, a firewall service for websites, announced it would accept Bitcoins.
http://www.cnbc.com/id/101200996 "There are two things affecting bitcoin in China," Linke Yang, co-founder and vice president of BTC China – the world's largest bitcoin exchange by volume – told CNBC on the sidelines of the conference.
"One is that there are a lot of [bitcoin] miners in China," Yang said, referring to those participating in the process of adding transaction records to bitcoin's public ledger and who can earn bitcoins for their efforts.
"The second is that, traditionally, high net-worth individuals and investors first go to the property market to invest and then the stock market, but since the property market is capped and controlled and stocks maybe aren't doing so well that's changing," Yang said. "After we had the China Central Television piece [on bitcoin in March] people here know about bitcoin and are putting their money into it." |
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 shrekzewuarb5ieg. onionThis just made my day. |
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This is all a bit off base.
A) There aren't many sellers accepting bitcoin in China yet -- that part is just not true. We're trying to change that, but don't get sucked into believing BTC is everywhere (yet).
B) The government doesn't care about Bitcoin too much yet -- the one thing they do care about above all else is "social stability" (read: "keeping power"). Anything that potentially destabilises that is a problem. A huge gold-rush like move to BTC would potentially be very damaging if lots of people lost their shirts in a crash. As such, the government is already trying to damp the flames a little. Recent CCTV and radio reports advise people not to rush and buy BTC, that it is unstable and dangerous.
The best thing that can happen now is a long consolidation. This constant push upward, potentially through 2k, will cause a spectacular crash with some potentially very negative consequences for all of us. We all need a bit of a breather.
The fact that we would be better off if the market took things slowly won't change it's behavior. I haven't read enough to confirm what you're saying about China, but both of your points support the conclusion that the market is speculative right now. For better or worse, I don't think the speculation is going to slow. |
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pipe dream. other crypto currencies would pop up, which would bring down BTC value.
blockchain confirmations take too long for BTC to be ubiquitous.
Off-chain transactions could make BTC viable in the future. For now, we're no where near the point where BTC is going to be used for in person transactions. It's pretty ironic that people think that shorter confirmation times are a benefit for alt-coins. Reducing the confirmation time makes blocks less secure, and other cryptocurrencies don't have anywhere near Bitcoin's hash rate. |
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 I don't see any reason for a crash right now. In fact, things look pretty stable for the moment. |
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I find myself in need of some aftermarket coolers. I like the Accelero Hybrid 7970, but the price is loopey. The Accelero Extreme 3 7970 is priced right, but they're out of stock everywhere. Deepcool Dracula has dropped off the planet.
Am I missing something, why have all the reference 7970/7950 cooling options disappeared? What do we do ?
Take a look at Corsair H60, it can be mounted on 7950/7970 if you have some basic "modding" skills  I tried that with my 7950s. Even with heatsinks, the vrms reached 120C. It didn't really work out for me. If you want to try it, it's pretty popular on overclock.net. http://www.overclock.net/t/1203636/official-amd-ati-gpu-mod-club-aka-the-red-mod |
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If you really have that many bitcoins, and you don't want to cash out, I suggest you hold. Having that much potential money doesn't mean you have to spend it on yourself. Give your bitcoins to charities, not random investors.
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I think he meant he's leaving the site too, not just Bitcoin. I doubt he'll see any of the PMs.
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