Thanks for the update.

This came to mind tonight, and I am sure someone can poke some holes in this a million times. That is what I am hoping for to give me a better understating.

I am going to use Western Union for this example, and that type of service.

Mining is used to generate new coin and also process transactions, if so desired.

The network adjusts difficultly to maintain a steady time frame of when new coin is generated but more importantly how often transactions are processed. (or do I have this backwards?)

What if a company created a private network, based off the same concept, but eliminated the coin generation and used it for cash only transactions. The difficulty  would maintain a constant, and the transactions would happen on a timely manner.

The only thing that would have to be implemented is a proof of work, or in this situation a proof that the actual cash was received before it could be processed to any corner of the world.

What am I missing? I am sure it is something.

Thanks for reading.

I really matters what YOU are doing with your BTC. I have a good friend I got into it and he is not interested in trying to mine, securities, group buys or anything like that. He travels abroad and is going to try and use it in actual commerce. He is hoping to find a pub, coffee shop or restaurant around his hotel in which every city/country his is in and have a spot to check out instead of just opening the phone book or using hotel reference to find some where to eat or drink after a meeting. Sure, your wallet could always get compromised, but again if it does, that is mostly your own fault. He has yet to have a transaction, but I doubt he is going to have to worry about being scammed.

Just my BTC0.00004719

I have tried twice now to get the client up-to-date and I get stuck at block 27453, That is the current block, but I show 7 hours behind.

I am interested in buying shares in group #1

I am not going to pay much for them, if you want to sell, please post or PM me.

Move the fan to the other side and plug it into the other blade for comparison.

Received my order today, up and hashing in minutes.

Thanks GN!

This particular transaction was to my coinbase wallet and only for .010, I guess it is mine now.

I guess it shows how little I know about the network. The coin isn't worth THAT much... just a strange is all.

The title says it all. I was expecting two transactions today, they both happened. About forty five minutes after the last expected transaction I received some coin. I am not sure why, but I think it was a mistake. Is there any way I can return the coin to sender? This particular transaction happened on coinbase. A very surprised e-mail after a night out.

Thanks for the responses! I appreciate you taking the time.

Okay, so my full balance will be paid out once it reaches the front of queue.

Thank you!

So unless my client allowed signed messages I could never withdraw all my coin? I did read that but mother of all fuck ups assumed I was fine giving this pool a test run.

Thanks for the reply! Noon it is I will be sure and post once I get it!

I am trying to change the default payout and it doesn't seem to be taking, I set it for .1 and on the right pane it still shows the standard default and time frame. I tried setting it to the minimum, below default and the same thing. Left it there for a bit and it seems no pay out was initiated. If one were to want to withdraw all coins regardless of the amount, above minimum, how would they go about this?

Thanks for reading.

Well crap. I had mine shipped to work to make sure I was there to receive it. With an order date of 21st looks like I need to go in on Saturday. Who is the carrier? UPS, FEDEX, DHL, USPS? That way I can ball park what time I need to go in. No biggie really, I mean these things are coming from China after all and 5 days paid shipping is pretty amazing really, even if it is 6.

It seems there are several IP's hitting hard for a day or two at a time and then dropping off the face of the earth. Is this just hardware testing, and many at once? What company is out of Germany?

greaterninja is NinjaTech I believe. They are dealing with some high volume since the price drop and according to the thread, units are shipping on time. I also ordered one on Friday and expect it around this Friday.

https://bitcointalk.org/index.php?topic=377632.680

You keep them outside?! 

Yeah, they run hot as hell too. The plan was to keep one for another month or so running with the ant, might just end up selling them both. Hell, for what they are going for on e-bay that is almost another S1 :p

Thanks for the reply's