If you have found a true exploit on a gambling site, let the owner know I am sure they will offer you a BTC bounty for assisting them with securing the issue and saving them BTC losses.
Yes you should be helping out other individuals in the community instead of exploiting weaknesses. |
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process a website as collateral with 1.2 BTC to pay back in 48 hours for 20% interest
sorry man.
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I am assuming you do not have LTC collateral because you would just use that instead of looking for a loan giving 37.5% interest.
I would be interested with a moderate form of collateral
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I would like you to find a cure for cancer, and a strategy that will help me legitimately win the lottery.
I can give you that strategy for free: Have a shitload of money and buy ever increasing number of tickets You'll win eventually Legit i think you need a whole lot of money to actually get the odds to even have a fighting chance of winning the lottery |
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Prices of ASICs on ebay are actually increasing. That's what happens when the price of btc moves up 18% in 24 hours.
You don't turn off asics once you buy them. Their profits can be measured in fiat as well as btc.
very true. Alot of the people that bought miners after seeing the "bitcoin bubble" in the spring bought with fiat and they are measuring their profits in fiat. Ain't gonna get any better anytime soon. |
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no
i got one and i am barely getting my ROI back. All their current products are not worth it
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I guess people didn't notice me emphasising bitcoin in my comment.
i think people just assume you weren't talking about wanting to go back to GPU mining of bitcoins. |
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governments will find a way to get their tax hands on it eventually. The only avenue they have is legislation because they cant attack the network and stop it.
The real question is how many people would actually no trade BTC even if the government said "you can't buy or sell BTC in this country"
most people currently in BTC would just load up a VPN and keep on trucking like normal. Many use BTC for that exact reason.
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for all the estimates i can find the only machines worth looking at are baby blues and Sierras from hastfast. The rest are too close to no ROI or a loss to make it worth while.
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Hashfast is probably the only vendor where you stand a chance of getting your ROI.
Right now you should just buy the coins, hold to sell at the top coming up here in a couple days and keep an eye on new machines coming out and crunch some ROI numbers.
dont buy an ASIC right now.
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They all have their advantage and disadvantages but it think the major difference is ease of trade, storage and liquidity.
trade: BTC can easily be traded for little to no fee and on a global scale. Its costly to sell a bar of silver to someone in Cyprus let alone any crack downs the government has on the buyer withdrawing money to send world wide. there is no mandatory build in spread with a BTC like a metals exchange, although you may run into it down the road.
storage: BTC can be stored off the grid in a compact and secure location like gold or silver, but can also be instantly in the pocket of a buy within minutes. Its hard to get a gold coin to someone halfway across the world that wants to buy it from you.
liquidity: liquidity is very important. Most people in possession of precious metals are only liquid in their local currency and at spot price. BTC you can liquidate on an exchange for fiat and other cryptos without needing to wait or pay for shipping.
with all that being said, BTC is not (yet) held as reserves worldwide as a store of value. BTC are also susceptible to massive market manipulation; however one can argue that gold/silver already are exposed to massive manipulate even higher than what BTC could ever be.
i store my value in all three with silver being the majority stock holder over the other two. my BTC wallet is growing though.
just my two cents
well... .02 BTC
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i would like to think any moderate to advanced miner would know to switch coins and trade up to BTC if it was more valuable. There are loads of resources that can be used to see which coin is the best when the BTC difficulty rises.
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knightlife also made an ebay listing that i had mentioned before. knightlife promised people 15 btc per year for only $250. on ebay. well how can that be honest Huh that is like giving away $1500 for 250. each listing on ebay was for 5 units of his miners (not one unit per listing) see here http://www.ebay.co.uk/itm/Bitcoin-BTC-virtual-miner-10-GH-s-/181191689905see the writing in green I guarantee that your rented miners will make you 15 Bitcoin or 660 Litecoin (your choice) in 1 year from start of my mining operation for each 5 units purchased. this is definitely fraud. Accusing people of fraud is very serious especially when you have not a single shred of evidence. So either provide your detailed proof or shut up. exactly. Fraud and scam are different as well. |
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ya mines not even that high. I am at..... just shy of .01
How do you guys have such high rates?
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i think miners are doing it for hobby/network securing
investors are moving on from mining (at least at this time) to shares and things like that.
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i ordered a 60 gh/s from them and i never will give them a single cent again.
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avalon 60Ghash for 6BTC = $900 = £570 i ordered it wednesday night and got my tracking number today (friday night/saturday morning) so i expect it to arrive on wednesday. from estimates hardware breakeven = 36 days  cha ching Good luck with that! You get 0.0878 BTC a day. In begining. Diff inc 40% each time... so do the math. So even when diff would not increase you would use 68 days for HW break even. When you consider diff and elec you probably never get your 6 BTC back.... -> fail investment such a noob response.. if only you knew lol, ill be getting more then that, but goodluck with your calculations funny because i am hashing at that rate right now and i can tell you that you wont be earning it back in just 36 days. /facepalm |
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haha. well thats awesome. I have been thinking about putting together some scrypt coin rigs while i wait for a good $/ghs ASIC to hit the market. Based on the calculations i am using its still slightly profitable. I see it more as a hobby and transferring purchasing power away from heavily taxed systems to more free currency. Even if i had a slight loss i would still mine them.
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I am just curious to see how many people have sold their GPU rigs or have moved them to alternate coins. I would assume most people moved them to a script coin of some kind.
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