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...possibly something I'd consider making some day... What would be essential subjects / events that would go good in a scrapbook? So far I've got: EventsGavin visits CIA Senators target silk road, citing bitcoin Allinvain's loss Gox hack Bitomat fail Dwolla reversals MyBitcoin's ... whatever it turns out to be Meze Grill brick & mortar exchange BitCon in NYC CommunityMassive mines like http://www.youtube.com/watch?v=eLt8Se3vVNgWe use carrots Brain damaged miner DEA mine raids (so far unsubstantiated) ASCII art embedded in block chain Buttcoin Laszlo's pizza Bitcoin Police UABB Ways of showing addictionBitBills Tattoos Bitcoin custom license plate Metal bitcoins Dude who made weird videos in a coin costume BTW, if you're unfamiliar with anything here, look it up, it's part of our history. |
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The markets tend to go up the day after heavy news and search traffic. I had noticed a week-long trend of increased searches but the market had been staying even, so it was to be expected that it would make a strong move. If you were following search trends during the last couple of weeks where price was very stable but drained a few cents every day, search volume for bitcoin was remarkably flat.  http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=mtd&sort=0 |
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Hashes to Ashes; Dust to DustA terminally ill bitcoin miner has drawn up a will stipulating that his body be consumed by fire created by his bitcoin mining rig...
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It's not your normal financial FUD though. It's a take on our unique culture that I wrote for Slacktory - kind of like a roast of our community on a late night TV show. You can thank me later for stopping the difficulty from going up much. http://slacktory.com/2011/08/bitcoin-mining-fun-loss/ |
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I'm working on a mining piece and there's a couple of loose ends I need some info on.
-If you are currently still mining on a CPU in a pool (no matter if its just a fraction of your hashing), I would like to know what your payouts were like when you started (when?) and what they're like now. Does mining on a normal desktop net .001 BTC a day anymore?
-If you were mining well in advance of bitcoins exploding in May, it would be great if you could give an appraisal of how your profits and strategy regarding hoarding vs. cashing out, and adding new equipment vs. downsizing your rig, have changed over time. [If your experience goes back this far - Did you save the coins you mined via CPU before GPU mining was feasible? What would you average a day back then?]
-Any clue about who managed to cash out and make a few K during that run up to $32?
Any information is much appreciated. Thank you.
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Just made a case for relocating your mining rig to an actual mine. The evidence is pretty solid guys. http://www.bitcoinminingaccidents.com/?p=683The next time you and your hipster friends explore a decommissioned mineshaft in the boonies you might find a community of bitcoin miners at the bottom. |
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Care to buy a 468x60 ad banner for the month of August on the landing page of the premiere bitcoin mining accidents site? www.bitcoinminingaccidents.com is averaging 360 visits/day this month, and over 600 last month (4 days in a row with over 1,500 visitors). Over 20,000 uniques when you combine June w/ July so far. Price: 1.5 BTC 1.08 Prefer merchants. 1 BTC surcharge for any lotto/gambling sites Don't delay, PM today! |
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Discuss in here. Story broken on Bruce Wagner's show. 2.5 % of their volume reversed. Dwolla won't respond to their inquiries. TradeHill dropping Dwolla deposits for the time being. TradeHill responding in their own thread: http://forum.bitcoin.org/index.php?topic=31753.0 |
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http://www.bitcoinminingaccidents.com/?p=486Your trusty bitcoin mining safety advocate and accident reporter is now extending its operations to namecoin mining accidents. Please be advised to use as much caution when namecoin mining as when bitcoin mining. If you've had an incident, we would like to hear about it.
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Haven't put too much thought into this but:
-Every newb is confused at first about how they can get their first coins.
-When they do decide to get some, they wish that there weren't so many hurdles (accounts verified at exchange, bank, deposit clears).
So what about a rewards program where a merchant gives a bitcoin rebate to people who make a qualifying purchase in cash.
Just like a mail-in-rebate, the customer is responsible for giving them their address (this time it's virtual) within the redemption period or else the offer is void. But if a person redeems, he gets some BTC to play around with online before his items even get to him (obviously, institute a policy so people can't return the item for 100% back to get free btc).
Imagine an offer of something like 10% back in BTC from Target when you spend $100 on your credit card - wouldn't that be cool. Perhaps some online stores could offer something quite large like 30% back in bitcoins (the price of the item might have to go over MSRP) without being classified as a currency exchange since they are primarily selling goods?
Free idea if anybody can use it. Think how many kids would insist that their parents buy all their video games from this particular vendor, for some reason that perplexes the parents.
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You're going to have to stop bending over and taking stagnation up the butt:
A) Spend some - preferably buying from one of the bigger merchants
-Someone's got to make money besides the exchanges. There needs to be success stories from VENDORS.
-Meze Grill accepting bitcoins is a success story to forumites, but it's not a success story to businesses. A follow-up article saying that they are getting 20% more sales now because bitcoin users in New York go out of their way to eat there, is a success story. So go out of your way and eat there. If you live in another big city, try talking to a local business owner.
-The 'bottom line' of most people here is to get BTC accepted in more places. Business owners' bottom line is MONEY. They want to know that they will get more business, they don't care about your utopia.
-Existing business owners will only be convinced to start accepting BTC as payment when they hear that others have had success with it. Enter a problem: the sales figures of our business are low. Is anyone making A LIVING? I'm as much for competition as the next capitalist, but honestly, no one's going to make money if what little BTC people are spending gets divided amongst a ton of small merchants. We need to prop up the 'bigger' merchants who have the best track record and know how to scale up. Get them PAID. They'll get press.
-Don't kid yourself - you shouldn't try to start your own unless you know what you're doing. Try offering your time to an existing one instead. Convincing one existing, already profitable business to accept payment in BTC would be worth more than 100 bitcoin startups from people who have no experience, connections, or face in the public. They are just going to get lost on the internet.
B) Draw attention
-Don't be annoying, don't be a train-wreck - be entertaining. You can be ridiculous without looking like a lunatic. That dude who put the videos of himself dancing around in a costume on youtube (is he still here?) was confusing as all get up, but he wasn't an embarrassment to the community.
-If you don't have programming skills, try being a local consultant or an online entertainer (just not with crazy conspiracy political posts).
-Mass orchestrated stunts, anyone? Can ANYONE orchestrate something?
The price isn't the only boring thing right now - the whole energy level is low. It's like people coming to the forums right now are watching a made-for-TV-movie and don't know why they haven't changed the channel yet. Even Something Awful is bored by this forum, despite plenty of awful posts.
The media is not going to do it for you; we haven't given them any reason to care for the past few weeks. If bitcoin is to only be for a niche community, it still has only reached a fraction of its potential user base. Critical mass is only right around the corner, if the existing user base would just spend enough of their hoarded stashes on business, whose success will fuel awareness.
Even something like a tattoo race raises awareness. Your trading bot will not raise awareness.
Bottom line, this is the part that seems to fly over people's heads: long-term, you are not going to get yours unless you help others get theirs.
Signed, one lackadaisical motherfucker to another.
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Easily over 100 automated tweets in the last few minutes. Coming from multiple new accounts with decent 'real-sounding' names but with no followers https://twitter.com/#!/search/bitcoinAt least they don't LOOK like spam, but I'm not clicking on those short-links! |
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which pools are in winning mode?
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