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1  Economy / Economics / CEX.IO GHS Chart Vs Bitcoin Diffculty Chart 2014 on: June 29, 2014, 02:31:08 PM
Mentioned it before but showing 2 charts below. First is CEX.IO GHS price, second is Bitcoin Difficulty (inc total hashing). Up to May there was an inverse relationship between the 2. However since May the relationship has disconnected. There has been 6 difficulty increase since begin of May, but GHS price has trended up in that time-frame. Reason for showing is that you can consider the relationship between GHS and Difficulty / hashing power almost as a trading Pair because GHS essentially derives its value from the concept of an outcome from difficulty / total hashing power. So, has GHS in its market found a value that is now distinct from what Difficulty / hashing does? Or like trading pairs that have a historic trading pattern will the historic situation kick back in (i.e. return of inverse relationship)?


2  Bitcoin / Bitcoin Discussion / The Bitcoin Community at its Worst on: June 09, 2014, 06:09:30 AM
Is it safe to come out again?

I say this because on Sunday we saw the very worst of the so called 'Bitcoin Community' (apologies to most on this forum as probably the silent majority also watched) on both this forum and Reddit where literally hundreds of vitriolic, aggressive, threatening etc posts / conversations were sprayed out left right and center attacking the CEX.IO / GHash.IO entity, including death and violence threats to owners / users of that service.

It was totally pathetic and to me it showed one very good reason why Bitcoin has a lot of growing up to do. No, not because of the 51% issue (yes that does need to be addressed, but by the industry participants / guardians of the Bitcoin protocol themselves collaboratively) but because of the type of poisonous rhetoric that came forth over the past day or so. Just imagine a newbie to crypto currency having a look at this new opportunity doing a bit of research on the so called informative forums to be presented with the type of crap that was seen. They would quickly retreat back to the 'Yeh Mt.Gox and angry trolls is what Bitcoin is all about to me'

How can we have an industry grow and encourage innovation and expect mainstream uptake when companies that offer services people want to use get attacked and vilified because they are doing a good job and attracting customers over and above their competitors. Lets all attack Intel they have too many processors in the computer ecosystem, lets all attack Apple they have far too many mobile phones in the mobile ecosystem.

So for me, Bitcoin Community needs to learn a lesson from this and look at a way of collaboratively addressing the underlying issue.

3  Economy / Computer hardware / Selling A Dead AntMiner S1 and PSU on: May 13, 2014, 05:01:19 AM
I have a few S1's running and they have been good. This one just stopped recently, no physical signs of a problem, PSU is fine so the problem lies with the S1.

It has been overclocked and been running fine to this point.

I don't have the time or knowledge to delve into the S1 innards to see if a fix can be found, but maybe you do.

The unit is in Australia, but can ship wherever.

Can transact in BTC via an Escrow e.g. http://thrucoin.com/create

0.25BTC (which includes PSU) + cost of shipping to be determined.

If you are interested post to the thread or PM me.

Cheers
4  Bitcoin / Hardware / Pimp my AntMiner on: May 04, 2014, 04:18:55 PM
This AntMiner S1 looks so cool had to share [url http://imgur.com/a/RUAX5[/url]
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