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Whilst I understand why you would want to minimize electricity costs/maximise profit when Scrypt mining is marginal, however, at current levels scrypt mining is not marginal. The driving argument for which kit to buy should be greatest hash/$ NOT greatest hash/watt! (Unless you live in an amazingly expensive electricity region!)
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Blackarrow don't allow group buys
Yes they do, via their authorised resellers. Check out bobsag3 on the DZ Miners coop. |
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Sorry, but running on may 2014, that seems a couple of (BTC) lightyears away.. What will you charge for electricity/management?
Those miners will not be profitable by May, they have already slipped from end of Feb delivery on other group buys, and started offering +25% hosted hashing as compensation (Which it doesnt even come close to compensating for two months lost hash power). IMHO Anyone buying now at these prices is insane, BlackArrow will be forced to drop prices dramatically because of their delays. |
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Nothing more irritating than going into a group buy thread with a title that says "OPEN" to find it's sold out! Update the title please.
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https://medium.com/p/2d33cf85382bBy BitGo CEO, Will O'Brien. "We are now entering the third stage, in which core financial infrastructure and services will be built by veteran entrepreneurs backed by institutional money, and in accordance with the regulatory framework of the United States and other nations. This stage will end with mainstream adoption of Bitcoin and consolidation of Bitcoin companies as large financial incumbents embrace digital currency." "The fourth stage will begin when Bitcoin becomes a widespread medium of exchange and can be used to revolutionize industries outside of financial services, such as real estate, contracts, supply chain, and machine-to-machine commerce." "The promise of Bitcoin is self-evident. The financial services industry has not seen much innovation over the last 50 years, and digital currency is poised to deliver 50 years worth of innovation in the next 18 months." Whilst I respect and believe in the multi signature technology you are promoting, I fail to see how it could have protected MT.Gox users from what was basically non-existant accounting audit practices. The theft from MT.Gox may have been going on for as long as two years!! and in all that time they failed to notice that the sum of their customer accounts did not come close to the sum of bitcoins in their hot and cold wallets!! That is incompetance of the highest magnitude, which was only multiplied by the incompetance of their software team failing to design/implement the Bitcoin protocol properly on their wallets. |
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Don't worry, Britain will be the last major nation (not sure you can call it that anymore...) onboard, just like with everything else. Dinosaurs everywhere.
You couldn't be more wrong. BTC activity is very high here. The establishment may be the last to catch on, but the entreprenuers are on the leading edge. However, it should be noted that UK probably has more to lose than any other nation if BTC becomes dominant, the proportion of Financial Services in our GDP is way more than most countries. |
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By "react accordingly" I assume he means "continue hiding".
Hmm, now he knows how the ex president of Ukraine feels. |
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So it is gonna be real - btc is gonna be regulated. Won't it make it less popular as now it is free from any regulations and that is what make bitcoin attractive
If you want Bitcoin to be seen as a legitimate currency with mass adoption, then it is going to be regulated. Regulation isn't necessarily a bad thing. Sorry, but like it or not, bitcoin has experience unprecedented growth because it CAN'T BE REGULATED, and no one, not even Lawsky, can change that. Wow, you're really having a bad day HAL, can you feel your mind slipping?? The USE of Bitcoin can be regulated in all kinds of ways that will admittedly effect only the country of regulation. The most likely touch points (If you listened to the hearings) will be the Exchanges which will likely have to implement Anti Money Laundering (AML) and Know Your Customer (KYC) procedures. They may also restrict use of Tumbler sites. Current projections are that mining operations and retailers (and other points of use) will not be regulated. |
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They still don't get it. Regulating bitcoin businesses just gives a competitive advantage to the companies that ignore the regulations.
Lawsky, you're a moron.
Thats one of the dumbest statements I ever heard. Money follows safely regulated environments. Do you seriously believe investors would prefer to put their money in an unregulated Latvian Bitcoin startup or a regulated US one??? The market NEEDS regulation, the sooner it comes the better. |
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Do we need equality in distribution?
No we don't, but the higher the market cap of BTC goes, the more systemic risk a single large holding represents to the overall price stability. There is no liquidity issue due to the divisibility of BTC either. |
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They can hardly denounce crypto currencies given the similarities to paypal accounts, but if they think they are going to be able to control BTC accounts in the same way they treat current paypal accounts (random freezes, chargebacks, outright bans etc...), then they totally do not get BTC and how it's going to impact them.
Right now the top most worried about Bitcoin organisations should be:
1) Western Union
2) Visa/MasterCard/Amex etc...
3) PayPal
4) Banks
5) Governments with inflating fiat (Ooops thats most of them)
I agree. But PaxPal will make use of it  . And Banks maybe to. We only need few countrys to accept it others will folow, they will all accept it at the end. They need to . Yeah they are damned if they do, and damned if they don't. But any organisation implementing BTC needs to seriously ask how it's adding value with it's services, they won't be able to demand excessive margin via monopoly any more! |
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They can hardly denounce crypto currencies given the similarities to paypal accounts, but if they think they are going to be able to control BTC accounts in the same way they treat current paypal accounts (random freezes, chargebacks, outright bans etc...), then they totally do not get BTC and how it's going to impact them.
Right now the top most worried about Bitcoin organisations should be:
1) Western Union
2) Visa/MasterCard/Amex etc...
3) PayPal
4) Banks
5) Governments with inflating fiat (Ooops thats most of them)
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Find me another ATM where you can't withdraw cash! Some Bitcoin adopter you are... You CAN withdraw cash from a BTM/BVM! The cash is BTCBTCBTC, not that worthless fiat that I wouldn't wipe my arse with. Get your priorities straight man! Amazing how people still don't get it! |
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With only 60 'members of public' allowed, it's nothing more than a pr exercise.
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It's outdated 20th century banking mentality thinking his coins would be safer in Mt.gox!! why oh why didn't he use a personal wallet?? It makes no sense whatsoever keeping money with a third party that you don't immediately need to use their services.
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Been mining on Waffle Pool with 2.6 mh/s avg for about 11 hours and rejects are about .29 percent....
Totally Awesome!
Clevermining had high ass rejects like 5.9 to 10 percent...but the payout was good...got about .014 btc after 14 hours or so with avg speed of 1.7 mh/s with the rejects.
I think Waffle Pool is the best so far...what are the other Multipools? I will test them all...
I like how Waffle Pool shows you what coin your mining and what you mined and how many coins you mined per coin...its bad to the bone.
Clevermining is no good if you are in Europe, they only have US servers so latency is very high with lots of disconnects. |
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He was on the forums yesterday and didn't bother to communicate with his users, (Last Active February 18, 2014, 05:59:19 AM
), I'm telling you, this is starting to look like a repeat of the DOGE string along that got so many peoples money.
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I've just switched to this pool, and am seeing lots of disconnects. I'm in Europe, do you not have an EU stratum yet? (I noticed you use AWS so should be easy enough!).
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This happened with one of the doge pools also, payments got smaller and then dried up, and communication with users stopped. Incredibly a large percentage kept on mining thinking he was probably just off sick or something, then after a week or so he left a single message saying payouts would start again soon. HE ENDED UP RUNNING OFF WITH EVERYONES COINS! His whole objective was to string people along into the longest possible period of them mining without receiving payouts!! Be smart, play safe, switch now before you get caught out!!
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I don't know whats gone wrong with this pool, but it's definately failing (or defrauding since it's real hard to lose MH) big time. My 4.3 MH/s rig was doing about 0.05 BTC/day now consistently getting 0.01?  ? WTF? I'm off to pastures new, as are I notice 25% of his customers in last 24 hours! There is no transparency, no communication, no support, as far as I can tell. This one man band has completely failed to scale his business to match the revenues he was/is taking, it's called being greedy, and it's bitten him in the ass. |
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