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1  Bitcoin / Hardware / Re: [ANN] 5TH/s BTC Olympus ZEUS Bitcoin Mining Rig Open for Sale. on: August 28, 2014, 07:55:06 PM
BTCOlympus is a scam.
No answers to email regarding my order. Promised I'd get my machine and a tracking number over a month ago, still nothing.
More emails and still no replies.
2  Economy / Scam Accusations / Re: attencion to possible scammer Btc olympus on: August 25, 2014, 03:46:53 PM
They are scammers.

Still no reply to 3 emails sent and product was supposed to be delivered to me a month ago (have emails from them stating they moved their operation to Australia from, of all places, Egypt even though they are based in the UK).

Stay away guys.
I have been scammed by them.
3  Economy / Service Discussion / BTCOlympus is a scam on: August 12, 2014, 07:43:45 PM
Paid them by Bitcoin and was told my 3th miner would be here 5 weeks ago.
They've kept telling 'one more week' and for the last two weeks have not replied to any emails.
Please, do not spend your Bitcoins on these guys!!!!
4  Bitcoin / Bitcoin Discussion / Re: Anti-Bitcoin Socialist Propaganda in New Zealand on: May 07, 2013, 07:26:13 PM
"Paying tax binds us as a society"...yeah, that's the way to win the people over /:
Media rhetoric and propaganda at its best.

If you stop for a second and take note of the old fart in the glasses, he says Bitcon purposfully for a few times initially to try belittle the subject and plant that idea into the minds of the viewers. The word con is now associated with Bitcoin. Sneaky sneaky.
5  Bitcoin / Mining speculation / Re: Expected increase in Bitcoin Difficulties, in 3 - 4 months as Butterfly, ships. on: April 18, 2013, 06:34:15 AM
If, and that is a big if, BFL do indeed get their ASIC's to market within the next 3-4 months it would make the mining of Bitcoins a lot more difficult. How much more difficult would be hard to say as it would be based on the hash rate increase on the network, not as they ship in anticipation as you stated. We don't know how many units have been sold or in what configuration.

Even if they don't deliver as promised, it's a matter of time before some company or many companies start to mass produce ASIC's, rendering standard AMD (ATI) graphics card mining redundant.

When this happens it starts getting interesting as there will be more trade to acquire Bitcoins. The price will rise and those who have been hoarding will start selling. More business will start accepting and eventually the Bitcoin 'stock' that is traded on MtGox etc will become the currency it was designed to be.

Of course, this is based on speculation on my side that there will be green lights from all the banks and governments of the world. Highly unluckily but with a revolution or two we'll be just fine.

I'm not sure how you're associating more BTC = higher price. In simple economic terms, that's called inflation. To control it, one method is to reduce economic growth, along with increasing interest rates. For BTC terms, this means difficulty increases and higher transaction costs. Overall this would decrease the price of BTC.

I'm not saying more Bitcoins will increase price.
We know there is possibly a deflation of the currency as many people are hoarding.

What I'm saying is once Bitcoin moves to the next phase of evolution (once all have been minded) the only way to aquire BTC is either trading (bartering/service/product) or buying them for cash. Although there are many more Coins in the system they may still be scarce.
Imagine there are 100 million people mining BTC at the moment with a world population of 7 billion.
21 Million coins are actually very little and therefore supply and demand will drive prices up and those hoarding will start selling.

Of course I may be completely wrong Smiley
6  Bitcoin / Mining speculation / Re: Expected increase in Bitcoin Difficulties, in 3 - 4 months as Butterfly, ships. on: April 15, 2013, 03:52:09 PM
If, and that is a big if, BFL do indeed get their ASIC's to market within the next 3-4 months it would make the mining of Bitcoins a lot more difficult. How much more difficult would be hard to say as it would be based on the hash rate increase on the network, not as they ship in anticipation as you stated. We don't know how many units have been sold or in what configuration.

Even if they don't deliver as promised, it's a matter of time before some company or many companies start to mass produce ASIC's, rendering standard AMD (ATI) graphics card mining redundant.

When this happens it starts getting interesting as there will be more trade to acquire Bitcoins. The price will rise and those who have been hoarding will start selling. More business will start accepting and eventually the Bitcoin 'stock' that is traded on MtGox etc will become the currency it was designed to be.

Of course, this is based on speculation on my side that there will be green lights from all the banks and governments of the world. Highly unluckily but with a revolution or two we'll be just fine.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Giveaway! on: April 13, 2013, 03:44:06 AM
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8  Other / Beginners & Help / Re: Whitelist Requests (Want out of here?) on: April 13, 2013, 03:28:20 AM
Hi all

I've been on these forums since 2011 and although I've not posted much I do enjoy reading the content a lot.
Would like to however be more active in posts so please help.

Bio: A big BTC fan from Cape Town SA.
Have my own IT company and very much into an alternative lifestyle.
Just ask if you need more.

Thanks,
Andy
9  Other / Beginners & Help / Re: Introduce yourself :) on: April 12, 2013, 08:32:27 PM
Hi, this is my first visit to this forum and enjoying the learning experience.


same here.  Grin

Same here!
10  Other / Beginners & Help / Re: Ripple? on: April 12, 2013, 08:05:55 PM
Also looking into this. Seems very interesting and with free funds for all of us who signed up before some date in Feb 2013 there's nothing to lose.
11  Other / Beginners & Help / Re: Introduce yourself :) on: April 08, 2013, 04:02:17 PM
Hi. Andy from Cape Town South Africa and a big supporter of Bitcoins.
My company, Landmark Computers (www.landmarkpc.co.za) is the first business in SA to accept Bitcoins.
12  Other / Beginners & Help / anyone donating on BTC Guild? on: June 30, 2011, 09:37:54 PM
Hi

I would like to know if there is any advantage of donating 2.5% of my winnings over @ BTC Guild.
If I did this is what I'd get:

Quote
You would receive your rewards without waiting for 120 confirmations on the block. This includes receiving payouts for blocks which become invalid.

Looking at my stats I have to date 310 invalid (Stales) of 39786 shares. Would this equate to a higher amount of coins mined and paid out even though I am donating 2.5%?

Andy

13  Other / Beginners & Help / GUIMiner setup - Please help on: June 29, 2011, 09:26:13 PM
Hi guys

I need some help setting up my 2x systems (system 1 with 2x 6950's and system 2 with 2x 5830's) with GUIMiner.
Should I assign individual usernames and passwords (with each card setup with different names in the mining pool website) to each card or the same username and password to all cards (with only one miner registered on the mining pool site)?

Will this change my hash rate at all?

Andy
14  Other / Beginners & Help / Re: Whitelist Requests (Want out of here?) on: June 29, 2011, 09:07:16 PM
Hi guys

I need some help setting up my 2x systems (system 1 with 2x 6950's and system 2 with 2x 5830's) with GUIMiner.
Should I assign individual usernames and passwords to each cards or the same username and password to all cards?
Will this change my hash rate at all?

Andy

Edit: Sorry, I will start a new topic in the Newbie forums.
You can keep me in this box but it would be nice to be allowed to play with the other users out in the 'real' forums Wink
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