 Show Posts
|
|
Pages: [1] 2 3 4 »
|
|
quite bizarre... although my question is WTF will this achieve ?
|
|
|
|
|
the answer is for people (and merchants) to use BTC as a preferred payment option. then the market can stabilize, in a good political/legal climate
|
|
|
|
|
good for bitcoin adoption and acceptance
|
|
|
|
Hei Bomba, Multumesc pentru feedback-ul tau. (Did I get that right ?  ) Thanks for spotting the Lei - Ron typo. To answer your questions, yes the Price is fed live from bitcoinaverage. Also, you can select the default currency by clicking selecting "settings" from the right - you can select the default currency from there Once again, appreciate your advice and if you could give us any other advice and tips Question - do you think the majority of Romanian users interested in Bitcoin understand English ? Is it worth translating all the reviews we have into Romanian ? |
|
|
|
my answer to that is a) i have no clue about mining tech, capacity and all that shit and b)thats not the impression one would get from reading all the vitriol in this thread so far
So if you have no clue about mining, why are you declaring the opinions of the lead cgminer dev and HF board dev invalid/unjustified? Seems you are not at all qualified to make these assertions. He's using this against you jimmothy: http://www.urbandictionary.com/define.php?term=chewbacca+defense   what i was saying was that I was not going to argue about technical details, but rather the company's legitimacy and THEIR technical nouse |
|
|
|
|
Im sure some of it has to do with Saudis wanting to fuck Russia over Syria
|
|
|
|
So, where you work the more a product tanks in price the more
resources you put into producing it ? Right ?
once again, what  please just tell me you meant cost not price and then we're back onto same level If something begins to tank in price you need to reassess whether its still feasible to produce at current cost level. Could you please reiterate your point again, in a fresh new post |
|
|
|
1) how does it increase centralization ? Last time i checked (will vary on exact service model provided, but still) cloudmining doesnt attribute new mining, rather transfer ownership of existing hashrates. Depending on exact terms of service, theoretically users can aid DEcentralization by selecting alternative pools
Centralization of the hardware , just like storing all your coins at mtgox , leads to security concerns... owners stealing hardware, theives targeting mining centers , fires, network outages, ect... 2) yes. and no. far too many, far too volatile factors will shape the final return. Whilst obviously everyone wants to make money, the ROI is near impossible to accurately predict. I'd say cloudmining shouldnt be seen as a sure-fire way to make money,rather it should be seen as a way to try out mining without taking on the risk of spending > $2k on mining hardware then have to have all the associated headaches (cooling, storage, noise, maintenance delays etc). You can switch on / switch off your cloudmining at any point, and see daily BTC returns (even if miserly) and at worst, youre risking 10-15 bucks to learn first hand. On the other hand if you make a paltry 5mBtc per day for a year and Bitcoin raises by 30-40% you could see a significant ROI.
While a calculator cannot determine the expected future difficulty it gives a rough idea if you map out a range of possibilities and buying BTC directly is far less risky despite what you say. 1) assume company MINERS'R'US are contributing 500TH/s to the whole network. MINERS'R'US sells bob 50TH/s MINERSRUS new output MINERSRUS - 450THs, Bob - 50THs. No effect on total output. The risk of hardware failure is always there, although if you're mining remotely, the DC operator takes the responsibility for support, maintenance and upkeep. 2)i wasnt just referring to difficulty, but also to elec price, behavior of other miners and the behaviour of the FX market. I agree, mining is risky regardless of how you do it, I was just saying that it is far less risky if you're risking 15 bucks vs 2-3k, and you dont need to be a hardware specialist either. Im not disagreeing that cloudmining is a risky venture, just simply that there is and should be a market for peeps who want a low-cost entry to mining |
|
|
|
I know many people (including myself) have generated unique addresses for nearly all transactions just to be safe. It's a travesty that creating unique addresses for each incoming transaction is considered special, instead of just assumed to be the right way to do things. A handful of wallet developers have done an incalculable amount of harm to Bitcoin by pushing the address reuse paradigm, the ones at blockchain.info being at the very top of the list. Could someone pelase explain why creating a new address for each inc. transaction considered best practice ? |
|
|
|
do not buy cloud mining unless brand is reputable (ie has proven to ship, own and run mining hardware)
This is only part of the equation as their are many other reasons to avoid cloud mining: 1) Increases centralization which is bad for the bitcoin ecosystem vs buying asic hardware yourself 2) Rates often are unprofitable - Use a decent calculator https://bitcoinwisdom.com/bitcoin/calculator and enter in an expected average difficulty 5-20% to see if ROI Please check here as a starting point for research into credibility of cloud mining. https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654Companies that aren't labeled as ponzis can still be scams as well , but this is the minimum bar one must look at as a starting point. 1) how does it increase centralization ? Last time i checked (will vary on exact service model provided, but still) cloudmining doesnt attribute new mining, rather transfer ownership of existing hashrates. Depending on exact terms of service, theoretically users can aid DEcentralization by selecting alternative pools 2) yes. and no. far too many, far too volatile factors will shape the final return. Whilst obviously everyone wants to make money, the ROI is near impossible to accurately predict. I'd say cloudmining shouldnt be seen as a sure-fire way to make money,rather it should be seen as a way to try out mining without taking on the risk of spending > $2k on mining hardware then have to have all the associated headaches (cooling, storage, noise, maintenance delays etc). You can switch on / switch off your cloudmining at any point, and see daily BTC returns (even if miserly) and at worst, youre risking 10-15 bucks to learn first hand. On the other hand if you make a paltry 5mBtc per day for a year and Bitcoin raises by 30-40% you could see a significant ROI. basically its low-entry, low-risk mining - users can try it, hate / love it, continue / dump it without ending up with the world's most expensive heater in the garage i agree its a complex process, but i cant see how it hinders the BTC ecosystem or how anyone can say with confidence what their ROI will be |
|
|
|
|
do not buy cloud mining unless brand is reputable (ie has proven to ship, own and run mining hardware)
|
|
|
|
All cloud mining farms are kind of ponzi
so all off them wiil be collabs one day
importatnt thing when you join and when you left..
not really. have you ever seen a mining company at work ? Of course they´re a ponzi. The more the product falls in price
the more they increase production capacity. In the real world where people have to work according to basic economic principles that´s called being certifiable/and or criminal. Ermmmm, what ? Exactly. Most investors in these cloud mining schemes seem totally oblivious to this obvious and elementary fact. maybe i should e-mail my maths, economics and marketing professors, cause in the world i inhabit price and production capacity dont necessarily have a direct relation. are you not confusing price with cost ? |
|
|
|
I expect the "reward halving" to have a significant, negative impact on large mining operations. Another way to phrase this is "income halving" (in terms of bitcoins). Virtually everything that goes into a mining operation is priced in fiat (USD for me). That means electricity, hardware, staff salaries, cooling and so forth. Unless bitcoin doubles in value, a large operation will likely lose half it's "income", and have zero reduction in it's cost of operation. Show that to any large industrial operation (e.g. auto manufacturer), and they will all say it's time to do something drastic (e.g. close plants, lay off folks, etc).
I don't see how a large bitcoin mining operation can avoid this, unless they start to "wind down" in some way prior to "reward halving".
it would be beautiful to see the global harshrate plummet and difficulty along with it. however, what is more likely to happen: a) small miners switch off their euipment, hashrate and difficulty down b) miners sell their gear to consortiums who can still make money based on economies of scale |
|
|
|
|
golosuj, ne golosuj, vsjo ravno poluchish PU
|
|
|
|
Hello bitcoin sages,
Could you please tell me: Is there a way to store bitcoin on a laptop/ usb drive / mobile without needing a lot of HDD / SD card space ?
I need a wallet / solution file that would not take up space, yet be accessible at (a fairly) short notice
Much love
Then you should avoid BitcoinQT (core wallet) and try MultiBit (multibit.org). It takes only a few seconds to sync and use. Why ? Does BitcoinQT require to DL the blockchain ? |
|
|
|
Buna, my Romanian frati ! Ce faci ? Sorry for my scarce Romanian, but thanks to my Romanian friends my vocabulary is only rich when it comes to insults and swearwords I just wanted to bring your attention to a really simple and cool tool for calculating between Bitcoin and Leu Check it out at http://btcxe.com/btc-ronWe also have a wealth of info on wallets and exchanges for Romanian users. I would greatly appreciate if you gave it a go and would welcome any feedback Multumesc, Gleb @ BTCXE |
|
|
|
All cloud mining farms are kind of ponzi
so all off them wiil be collabs one day
importatnt thing when you join and when you left..
not really. have you ever seen a mining company at work ? Of course they´re a ponzi. The more the product falls in price
the more they increase production capacity. In the real world where people have to work according to basic economic principles that´s called being certifiable/and or criminal. Ermmmm, what ? |
|
|
|
Namaste ! I would like to encourage you to try out BTCXE.com for your BTC calculations. Apart from a really cool conversion tool we also provide a wealth of information on wallets and exchanges available to users from India. give it a go at http://btcxe.com/btc-inrShukriya, Gleb @ BTCXE |
|
|
|
|
