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1  Economy / Auctions / Re: bitinterac.com *** domain for sale on: June 12, 2017, 04:39:49 AM
BumP
2  Bitcoin / Press / Re: [2017-06-10] The State of Montana funds company working on a ‘bitcoin processing on: June 11, 2017, 10:49:11 PM
This is good news for both the adoption and procurement side as long as it's transparent. Could lead to future mechanisms and frameworks being built down the road.
3  Economy / Auctions / bitinterac.com *** domain for sale on: June 11, 2017, 06:20:45 AM
Specialty Sale: from our rare collection of bitcoin domains picked up back in 2013/14...

   bitinterac.com


Starting bid  :::  0.2584 BTC
Auction Runs for 48hrs from this timestamp/Private bids higher than start bid price

A great domain with built in brand awareness.
Purchased while writing the code for our bitcoin ATM, seeing the need for a financial pathway to be created before interac money transfers were ever used in any of the exchanges!

This is a fantastic devs domain bringing comfort and clarity to your clientele knowing exactly what they intend to do when they view the address bar.


Happy Bidding!
Bitdominion
4  Bitcoin / Press / Re: [2017-06-09] Ray Kurzweil on bitcoin: 'I wouldn't put my money into it' on: June 11, 2017, 05:22:21 AM
Can't say I trust Ray Kurtzweil's intuition. Last time I did it ate up $2k investing in his sinkhole: Naturalnano
http://www.businesswire.com/news/home/20061214005246/en/Nobel-Prize-Winner-Sir-Harold-W.-Kroto

His commentary on bitcoin is welcome for obvious reasons. Agreed, he is better off trusted to extreme penmanship.


I respect his personal opinion about the future of the crypto-currency. At least he didn't badmouthed Bitcoin by calling it a drug dealer's currency, as someone else did a few days back. He may be having his own reasons and theories to distrust Bitcoin. But then, Ray Kurzweil is more known as an author, than as an investor.
5  Bitcoin / Press / Re: [2017-06-10] The State of Montana funds company working on a ‘bitcoin processing on: June 11, 2017, 05:10:38 AM
Impressive. Someone's flying under the radar in style.


The State of Montana funds company working on a ‘bitcoin processing center.’


In the first-ever reported case of a US State funding what looks to be a Bitcoin mining operation, Montana’s Governor recently announced that $416,000 was awarded to a “data center that provides blockchain security services for the bitcoin network.”

Governor Steve Bullock recently announced $1,124,030 in economic development grants to assist Main Street businesses across Montana with creating 116 jobs, providing workforce training and developing plans for growth and expansion.

The funds are being awarded through the Big Sky Economic Development Trust Fund (BSTF) and the Primary Sector Workforce Training Grant (WTG) programs at the Department of Commerce, Office of Tourism and Business Development.


https://bravenewcoin.com/news/the-state-of-montana-funds-company-working-on-a-bitcoin-processing-center/
6  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: February 23, 2014, 06:19:51 PM
I finaly received the activation code aobut 1 and 1/2 hours later.  Entered the code and it's working.  No $5.00 worth of bitcoin.  Guess I am not one of the first 1,000 user.

Seriously, why in the world would KNC want their own wallet program? How does it benefit them?


I could think of several venues:

1. they will make this 'wallet' a default for planB
2. they will get money from those who will send ads to people with bitcoin
3. they want to help snooping by those who think they are entitled to it (what do we know about this company anyway?)
4. they will charge you a little extra for bitcoin transfers
5. they want to become a bitcoin bank with possible P2P lending. afterall, Kinemaar background is in banking IT.

I hope it would be for #4.
Likely it has to do with the reach into the mobile market for their new farm being built.

Could someone point me towards the link to their release article? Or did this beta just appear out of thin air?
7  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: February 23, 2014, 08:40:05 AM
Investing involves more than putting all your resources into one pipeline. While we definitely purchased large amounts of BTC at the time, mining helped offset the long term risk associated with market volatility. Mining provided steady and better predictable results to support the uncertainty therein.

There's 2 ways to get bitcoins, buy them or mine them. I'm having a hard time seeing how getting 46 BTC rather than 70 BTC is offseting the risk. Why would you want to mine less than you can buy?

right but there are a lot more creative ways to buy and run miners than just buy bitcoins which is why you see the price always stay higher than what those that keep looking at it like you do feel a miner should cost

Yeah, and while those two categories are technically correct, there's hundreds of ways to purchase. One for every BTC/XXX trading pair, plus you can mine different things, cloud mining, coop mining, etcetera. Far too simplistic.

There is also the geek factor. Mining is interesting, so there is profit in that even if it's not as much MONETARY profit as just buying and holding.

Haha, Damn straight!
The reason for mining is not to make one wealthy but to support the network... Whenever I'm onboarding someone new, talking to a merchant etc they really want to know about mining. Always comes up because it's sexy; they usually give a sideways look and say 'what about mining?' but what they are really wondering is 'how do I print free money?'
8  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: February 23, 2014, 08:29:55 AM
Investing involves more than putting all your resources into one pipeline. While we definitely purchased large amounts of BTC at the time, mining helped offset the long term risk associated with market volatility. Mining provided steady and better predictable results to support the uncertainty therein.

There's 2 ways to get bitcoins, buy them or mine them. I'm having a hard time seeing how getting 46 BTC rather than 70 BTC is offseting the risk. Why would you want to mine less than you can buy?

This is exactly the question we asked ourselves when KnC first arrived on the scene... the price was too volatile to know what one would profit from it in the timeframe the miner would be running; Gox had just spiked from $38 - $260 then plummeted, then back to $140, then tapered off in a suicidal manner before adjusting to a (+) longer term trajectory. Our thinking was dropping $7k without knowing where the buyin leads was more risky than (could have been 70btc or 53btc) purchasing a miner which was a more predictable speculation (and we had already had success with)

Again this is hindsight and the question would hold very different meaning if any number of crazy things happened to the market in the interim

There are also stages of adoption some bitcoiners go through which factor into my learning experience:
'I believe this is going to be the best thing in the world!'
'Wait what about all this other technical stuff?'
'How do I get as much value as possible then turn it back into fiat currency?'
'Holy crap, I'm never day-trading again'
and finally 'Oh, so if I just hold it everything works out?'
9  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: February 23, 2014, 01:19:48 AM
If you bought bought a Jupiter in June 2013 ($7,131.80) to date you should have made 40+ btc at roughly 510 gh/s avg. I don't know where else in non BTC land that kind of ROI exist for the average person.

Ouch! Is it really that bad? Had you simply bought BTC you'd have 70+ BTC. That's nearly a -50% ROI.

depends when you got them.. if you got them after first week of Oct you made ~55BTC per Jupiter.. those lucky ones that got their miner a day or two at the beginning of Oct got about 7 more BTC

also, last summer using credit cards for miners was a huge deal since you couldn't buy btc easily that way (and without crazy fees of course)
so that was a great way to leverage up on a bet on price hike for bitcoin..   right now, the price isn't worth going leveraged up even if you could use credit on miners.

but to each their own on that speculation

I agree with your sentiment and support diversifying the investment. The other benefit is supporting the network dilution, maintaining stability; there are enough opponents of bitcoin at least this line must be maintained.
10  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: February 23, 2014, 01:10:46 AM
If you bought bought a Jupiter in June 2013 ($7,131.80) to date you should have made 40+ btc at roughly 510 gh/s avg. I don't know where else in non BTC land that kind of ROI exist for the average person.

Ouch! Is it really that bad? Had you simply bought BTC you'd have 70+ BTC. That's nearly a -50% ROI.

Investing involves more than putting all your resources into one pipeline. While we definitely purchased large amounts of BTC at the time, mining helped offset the long term risk associated with market volatility. Mining provided steady and better predictable results to support the uncertainty therein.

In hindsight it is always easier to say one wishes to purchase at any point in the timeline (preferably prior to 2010).
Return on investment isn't predicated on what you might have made otherwise we would all be at -2000% ROI.
**checked my numbers for BTC again it is 46 BTC
11  Bitcoin / Meetups / Re: edmonton calgary meet up? on: February 22, 2014, 10:54:16 PM
Anything planned yet? A lot of enthusiasm towards bitcoin around here would love to see coin fest here

Hopefully you went to coinfest this past week. Check meetup.com for local bitcoin meetups
12  Economy / Digital goods / Re: [WTS] premium bitcoin domains on: February 22, 2014, 06:22:05 PM
I cannot accept your offer of either Jack or his bodily functions. Our apologies.

you bumped this thread after 9 months to say that?
yes... Who is this Jack you speak of anyways?
PS. Bump
13  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: February 22, 2014, 05:05:06 PM
KNC is over
neptune never cover ROI
Yeah, everyone said that about Jupiter, and under worse diffchanges.
What if they give us 5Th/s hosted in mid April?
How can you even say that before knowing what the offer is?
There simply isn't enough information to make that determination IMHO.

Exactly... if you've been a KnCminer client previously this is the sentiment.
Not true.

Who else was shipping (major suppliers) in October last year?
None.

Who was building massive cloud hashing farms in October last year?
None.

How many companies are doing that right now?

We know there is a massive amount of hashing power going onto the network daily, so you have plenty information if you've done your research, to know things are going to be awful in April onwards. The situation is nothing like October last year.

This is the same discussion in May 2013 (when we decided to buy) and the same concerns you had in August of last year.

...had the price stayed the same from the summer onward I would have considered shooting myself in the other foot (just to keep it even), however your posts seem to reflect a history of supporting bitcoin as a whole which is also the reason we stuck with our order instead of getting a refund in August when ROI appeared to be nothing but a dream. Who could have predicted the price increase? Anyone. The community as a whole knew the price per BTC was on a steady trajectory, correlated with difficulty and thus the massive support and influx of investment.

What has changed? Too many factors to count. The difficulty definitely is a concern and even now access has increased to those who would build their own mega mining farms.

The only real concern in not crossing ROI threshold is when dedicated bitcoiners turn tail and run from our trusted supports and don't get involved in signing up merchants etc to increase utilization. Bitcoin price is the only place ROI exists; the difficulty is inconsequential if you are the one who owns the most cutting edge mass adoption tool in the industry. This and unyielding work ethic is what sets KnC apart from other companies; your prediction KnC would possibly call it quits after making significant profits turned out to be an unwarranted fear because KnC invests in people first.

If you bought bought a Jupiter in June 2013 ($7,131.80) to date you should have made 40+ btc at roughly 510 gh/s avg. I don't know where else in non BTC land that kind of ROI exist for the average person.


-Jord
14  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: February 22, 2014, 08:49:07 AM
KNC is over
neptune never cover ROI
Yeah, everyone said that about Jupiter, and under worse diffchanges.
What if they give us 5Th/s hosted in mid April?
How can you even say that before knowing what the offer is?
There simply isn't enough information to make that determination IMHO.

Exactly... if you've been a KnCminer client previously this is the sentiment.
15  Economy / Service Announcements / Re: BtcTrip.com - Making your flights cheaper! 10% discount in any flight ticket on: February 09, 2014, 07:05:01 PM
Love the site, beautiful user experience, however I believe customers would really benefit from inserting a page to clarify the process of ticket confirmation/printing etc.

I would like to fly to Vancouver next month and then on to New Zealand (most likely a plethora of global flights later in the year)

I made it through to the payment page without knowing what comes next. Please Advise...


Cheers,
-Jord
16  Economy / Digital goods / Re: [WTS] premium bitcoin domains on: January 17, 2014, 04:00:59 AM
I cannot accept your offer of either Jack or his bodily functions. Our apologies.
17  Bitcoin / Mining speculation / Re: Thinking about getting out of mining... input? on: November 30, 2013, 06:34:14 AM
Quote
you know what, i would love to cash out every thing bitcoin related i own.  i am worried about taxes and whatnot, so i haven't converted anything to fiat.

We never recommend any of our clients not pay their taxes, that said... now is the time to do what you you wish with your bitcoin before regulation steps in. It would be wonderful if it simply lands in the ballpark of capital gains/losses.

My advice is sit on the idea and re-evaluate every four months. Cash out less than %10 of your savings or reinvest in a bitcoin project so you can 'feel' the process has added value to you lifestyle.
18  Bitcoin / Mining speculation / Re: Thinking about getting out of mining... input? on: November 30, 2013, 01:34:20 AM
Sounds like you need to sign up to become a bitpay affiliate... then signup your: landlord, local grocery store, local Porsche dealership quit the job (unless you love it) and get out and live... or quit your job and travel on bitcoin and write a book about it etc... You may be that person in 20 years looking back going damn I had a good thing going

Wink
Good luck whatever your decision


19  Economy / Speculation / Re: What is the logical explaination for a single 5k buy causing 10 dollar slippage? on: November 30, 2013, 01:22:46 AM
My how things have changed.
20  Bitcoin / Mining speculation / Re: Would a 300 ghs ROI by the time it arrived on: November 30, 2013, 01:02:59 AM
Roughly half a bitcoin a week.

Discarding all the details; Today 550 GH/s brings in about 3btc or less a week.

The two big factors you are facing are:
  • Mining companies (some you hear about, some you don't) coming out with 1k - 2k TH/s machines in that time frame. Then there is KnC who will be close to distribution with their 3-4k TH/s Neptunes a month or so later.
  • Price. If bitcoin hits $3500 -$4000 mark by March then your investment may be worth it... better yet if you can crack half a bitcoin in three months and the price touches $10k-$15k well, therein lies the gamble.

All it really boiled down to was 'do I believe in bitcoin or do I want to make as much fiat currency as fast as possible.' Chasing fiat is like a dog chasing two rabbits with a high probability of losing both. Chasing bitcoin... well I wish I could predict what was going on at the time your mining machine would arrive, but I'll always bet on BTC.


~Jord
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