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481  Economy / Economics / Re: the huge Problem that most people doesn't really understand on: December 07, 2013, 03:31:26 AM
This is how the Fed works. They print 10 bucks and LOAN it out to the other banks. Now the other banks owe the Fed 10.5 bucks in all because of interest.

WHERE IS THE 0.5 bucks going to come from?Huh There is no extra 0.5 in the economy at all. And the interest keeps ticking and ticking and ticking....

Bitcoin gives a finger to financial institutions as well as governments which are influenced by the rich anyway. Its a huge finger at that too!  Grin

482  Economy / Economics / Re: Prospero X-1 (100Ghash/second) worth it? on: December 07, 2013, 03:15:21 AM
I was looking at doing the same thing, so I'll tag along here...

I know where these Chinese guys are located in Shenzhen. Don't even dream of getting these on time if you get them at all. That's all I will say.
483  Other / Beginners & Help / Re: Trying to sell out 30 Bitcoins as it goes down on: November 29, 2013, 04:44:49 AM
rate now 980 - 995.
Thanks.
First of all this is in the newbie post area. Secondly, there is no one who has posted a positive transaction feedback with this guy.

Scam central if you ask me.
484  Other / Beginners & Help / Re: Awesome ROI this month on: November 29, 2013, 04:23:08 AM
I am lost ? Is he talking about mining it ?

Yes and Yes.

Yes correct, I was talking about mining.

Now of course one could always buy bitcoins directly but then if price goes down lose it. That felt more risky to me than mining.

I feel mining is less risky because just because the price of Bitcoins go down does not mean anything since the rig is still mining coins. In fact when the price goes down, a lot of miners will drop out and hopefully lower the hash rate out there allowing better mining returns in coins.

Anyway, its nice to see that most everyone will make back the money invested in rigs and make some money while they are at it if demand for the coins stays like this. :-)

485  Other / Beginners & Help / Re: Hya! New here and could use some help! on: November 29, 2013, 03:47:19 AM
"New block detected on network" means a block was found but it does not mean your rig found it. As bigdaub mentioned you should mine on a pool to see some coins roll into your wallet and get used to the stats etc.
486  Other / Beginners & Help / Re: Bitcoin value in January 2013 on: November 29, 2013, 03:39:04 AM
Well, I was wondering what the heck this $5/BTC and $2.5/BTC these guys were talking about and finally realized its two years old...A LOT HAS CHANGED!
487  Other / Beginners & Help / Re: Mining and trading coins for a living. on: November 29, 2013, 03:27:49 AM
If I was mining with 125 GH/s would you join a pool or keep it solo?  We have zero electricity cost, and the total investment is around 28k.  However, we have yet to find a pack, and want to try and make something back

BFL 60 singles selling at about $3k on Ebay right now...120Ghz would be about $6k...where is this $28k investment going for 125Ghz...

Also, 125Ghz is very little given the rate at which difficulty is going up...join a pool as 125Ghz is quite tiny these days and you would need some major luck on your side to mine off a block solo.
488  Other / Beginners & Help / Awesome ROI this month on: November 29, 2013, 03:12:09 AM
O M G

I was able to ROI in just 3 weeks given the boost Bitcoins got this month.

People all crying that ROI is tough....is there anyone who could not ROI??

Given the way BTC is climbing, any rig could be ROIed given a bit of patience?

Chime in plz...
489  Other / Beginners & Help / Re: Isn't bitcoin too SLOW to be called "instantaneous"? on: November 29, 2013, 02:49:40 AM
There are Bitcoin ATMs...how do they work to provide instant cash?
490  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: November 29, 2013, 02:30:26 AM
Quote

Please tell me what "FIAT" is ? And why can't it be withdrawn ? Let's take Coinbase.. If you bought 5 coins there 6 months ago and they are just sitting there in your wallet. Should I be able to go to coinbase and sell my coin ASAP ? I ask because that is my situation. I hold less, but am curious because I bought for invesment purposes only. Thanks for your reply.



Yo FIAT is basially cash or paper money. You should sell that holding right now given the price cause its a good time to do so.

You could hold on longer if you are willing to take a bit of a risk, the rewards could be ridiculous like $10,000 a bitcoin but no guarantees is the issue.

491  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: November 29, 2013, 02:20:38 AM
I really don't think so but you never know.

Haha!!
492  Other / Beginners & Help / Re: The biggest annoyances as a new user on bitcointalk on: November 29, 2013, 02:00:48 AM
OMG you think that was the annoyance?

Dude, it took me two weeks to figure out that this was the only area where I could post.

I was like 'Where on earth is the 'Post' or 'Reply' link....after so many visits, finally I found this area to post.
493  Other / Beginners & Help / Re: anyone knows where to get free bitcoins? on: November 29, 2013, 01:52:31 AM
There are some websites you can do something like watch videos or click links or do some other tasks and get paid in bitcoins.

I used to get paid like 50 micro bitcoin a video  at http://www.bitcoinget.com/video but now its down to 5 micro bitcoins given the price of bitcoins going so high.

Be careful of places which require minimum payouts because you will never make it sometimes given how they keep decreasing the amount they pay for stuff while keeping same minimum payouts. This http://btcclicks.com/ads is impossible to ever get a payout.


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