Damn, gone in seconds  |
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lol you beat me by 11 seconds!
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America, land of freedom.
And power comsumption monitoring.
See previous post. |
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Not sure if this is a good buy at $270 after MIR... |
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they are greedy??
Can't tell if srs or not. Most likely these people are mining for the FUN of it. For a lot of us mining for bitcoins, no matter what the difficulty is, draws a form of primal satisfaction similar to watching your HD defragment.  |
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There are female miners !?!?!? Yeah I hear there's a few around Oh yeah I thought of another t-shirt: "A fool and his money are soon BITMINER" (or whatever bitcoin miners are called) |
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I actually know a few people who have coded there own bitcoin botnets, 1 person got a 24 hr ban for having so many different ip connections to deepbit mining pool, deepbit asked him to explain the mass amount of different connections to the pool.. All he needs to do is set up his own bitcoin server and mine for him self from the bitcoin botnet and no issues at all... he didn't tell me exact amount of bots he has mining but I imagine it hit the couple of thousands..
All those Intel integrated graphics working in unison... |
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The idiotic "U Jelly" comment gave it away for me. To many tweenies use that term on Facebook.
lol yeah.. obvious troll was a little too obvious |
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Whats the chances though of your miner hitting a block? About 32.33, repeating of course. |
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It usually doesn't go down, but only up. Did a bunch of the miners decide to give up because the BTC price has stabilized? Or do the miners think the price will drop soon? Sorry, that was me. I had to take my farm offline to try to run Crysis. |
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Bitcoin is known in that neck of the woods, I know firsthand because I personally heard about bitcoin in there webmaster resources back in April and we keep discussions going , few of us that either opportunistic or can appreciate this brilliant concept.
Your name sounds familiar. Aren't you some former adult industry bigshot slash wine connoisseur? |
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100%. Girl miners don't exist  |
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Yeah its pretty much dead. The only reason it was booming was massive speculation and major news reports. After the bubble was popped with serious theft and hacking of mtgox people lost interest seeing how volatile it is. With the recent difficulty increase you can see just how many have lost interest since the next difficulty is expected to be a 3% increase, no where near previous increases. Added to that people like me, I mined on my otherwise idle 6950 for the hell of it, now that profit is down to a few dollars per day its not really worth the hassle, thanks for the $ speculators, moving on... As less and less people use bitcoin the value of it will fall since it has no inherent value... The good news for the bitcoin community with the boom over and all the people who wasted their hard earned money on dedicated rigs hopes and dreams swirling in the toilet, the price may finally stabilize in the single digits, thus promoting actually using bitcoin for goods since vendors can depend on a price.
immediate:
0 or negative growth in mining due to difficulty
decline in value to $1-$5 due to speculators selling out
over months:
stabilization of value
increase in use of bitcoin in real goods
slow growth in value and usage
Why don't we build a camp fire? Sing a few songs? |
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At this point in time, despite intentions to the otherwise, BTC is primarily a speculative cryptocommodity. As such, difficulty will follow price, with a lag. Not the other way around. That lag may be months behind the price, not days or weeks. I think the difficulty is just now catching up with the influx of miners that came around (including me) in the rise up through $10-15 BTCs. We're nowhere near the difficulty we'd hit with a sustained $30. I'm not sure I understand this. We're not exactly talking about the chicken or the egg argument. BTC difficulty clearly preceded price since bitcoin exchanges didn't even exist during the first difficulty period. Difficulty came first, followed by price a ways down the road after it. |
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I dunno if I trust the numbers on BitcoinCharts (other than the current exchange rates). They're off on the hash power of Deepbit by nearly 1TH.
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They say its because an old wallet would only allow .xx bitcoins, but in reality its because they can basically steal a small portion of a bitcoin from thousands and thousands of accounts. Doesn't seem like much until you realize that thousands of accounts are in the same position.
Like in Superman III... |
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Current difficulty is absolutely brutal. Look at the biggest pool around (that I know of), Deepbit. Even their avg time to crack a block has doubled to nearly 30 mins since last level. I'm guessing we're going to see a difficulty decrease next time around.
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5770 is legit, but (and if you can find them) the 5830 offers about 30% more hashing speed at $109 shipped, from Newegg.com.
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Well, I fell for it first and pacepalmed, then I realized that it was a joke and couldn't stop laughing  I was bored really really bored |
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