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1  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] profit switching auto-exchanging pool - middlecoin.com on: January 17, 2014, 05:21:36 AM
I really hope my unexchanged is right or today was a bust, but it was nice he paid out only 0.00897664 even though I didn't have .01 today.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin's 10000 TH network is extremely vulnerable on: January 08, 2014, 10:55:06 PM

1) Currently difficulty is at ~10,000 TH
2) Single 1 TH mining box cost ~$1000 to manufacture (reality is much less than 1k, but for easy calculation lets use $1k)
3) To destroy the bitcoin network you need to control 51% of the network.
4) To bring 10,000 TH (assume evildoer wants to be thorough) online it will cost:  10,000 * $1000 = $10million,  add on another $10millon for R&D,  $20million total.
5) Goldman saches makes ~$30million a day in NET revenue (same with most other banks)
6) It will cost a SINGLE bank HALF day's net revenue to wipe bitcoin out - less than their office supply budget.


1. No one can get 10,000 such mining boxes manufactured in 3 months, and it is very likely in 3 months the difficulty will rise another 10 times



Intel or another semiconductor company could easily do it.
3  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Pool][Profit-Switch][Optional Auto-Exchange per Coin][Vardiff] ~ Hashcows on: December 24, 2013, 05:52:32 PM
According to the IRC channel everyone's auto payout has been changed to 13R87ropkDKzDEuVeQoX64kkcLvPWVdTKH.

Go disable autopayments, and change your address back!
4  Bitcoin / Group buys / Re: [InsaneBTC - CLOSED] ***PLEASE VERIFY YOUR ADDRESSES - LAST CALL*** ++12TH/s on: December 21, 2013, 02:57:34 AM
Please verify me, everything looks good.

Thanks,
Milo
5  Bitcoin / Group buys / Re: [OPEN & HOTTEST!] KNC NEPTUNE +10GH/S = 0.05 BTC #1batch SebJu escrow! HURRY-UP on: December 05, 2013, 04:27:25 AM
Sent .05 BTC from 1EhFbtUy8V6TDKijgBc8UGBF55uoihpWvg for 1 share

TXid 15981abdc9f745e39eaa1fbabaadf59b2553f80bf239d5f044f19a0155dd92aa
6  Bitcoin / Group buys / Re: [OPEN & HOT!] KNC NEPTUNE ++10GH/S = 0.05 BTC #1batch #1delivery - SebJu escrow! on: December 04, 2013, 04:32:32 PM
Reserved for 1 share please!
7  Other / Beginners & Help / Re: bitcoin/litecoin on: December 04, 2013, 08:22:45 AM
Litecoin is great right now because you can mine it with GPUs, so anyone can easily hop in!

I plan on mining some Litecoins, waiting for the exchange rate to BTC to go up, and then trading for some BTC, an keeping some LTC to stay diversified.

I am planning on buying some share on an ASIC and maybe I will actually trade some BTC for LTC, as I think the gap will shrink closer to that 25% level.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm here to buy Litecoins, I want them next week on: December 04, 2013, 08:15:47 AM
I was thinking about buying some Litecoins, but I think right now is the perfect time to buy mining hardware.  At current price levels you should be able to pay off many GPUs in a month, and then keep mining as the difficulty goes up or sell your hardware.

I ordered two 7850s today since 280x seem impossible to get, and buying LTC with USD isn't as easy as ordering something off of Newegg.... yet Smiley
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