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half people here are miners. what a suprise.
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I would be interested in exchanging bitcoins for this.
I did say in my original post that I'll take BTC  After btc dropped to $8, I am no longer interested. I'm not blaming you LOL. I expect buyers to be long-term strong believers in BTCs who could also mine with free electricity. It takes too long to get back the investment at the current price (although the difficulty might drop...) |
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The runup to $30 was primarily caused by demand of speculation that it could go to $100. I've yet to see the true demand, maybe by money laundary, drug dealers?
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Just curious to see the average cost of everybody's BTC.
BTW, I admit I only mine and it'is totally for the profit, and I believe quite a few percentage people here are doing the same for the same reason.
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Bitcoins are valued by the demand side, NOT the supply side.
First time I've ever heard that kind of statement. Price is always determined by both sides. Economy 101... Of course, the total supply (current & future) is still limited (21m). The ultimate question is whether it can be adopted by the public. I don't have the crystal ball (I believe one noe does) so it's really hard to tell. No, economy 102 - simple rules dont always work. There are some scenarios for example where "the profit is made by the purchase department" (getting goods cheap - because the sell price is HARD determined). Bitcoins: Mining speed is constant. There is little fluctuations there, nothing to invest - people just hoard or spend (little). So, the price is determined by the demand side, as enough people seem to be willing to sell for whatever price people offer. Poor credit card funded miners now making a loss  You need to understand what supply means. If you're hoarding, you're not providing supply but if you decide to sell, then you add to the supply instantly. So the supply & demand are always changing. It's NOT constant. |
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Bitcoins are valued by the demand side, NOT the supply side.
First time I've ever heard that kind of statement. Price is always determined by both sides. Economy 101... Of course, the total supply (current & future) is still limited (21m). The ultimate question is whether it can be adopted by the public. I don't have the crystal ball (I believe one noe does) so it's really hard to tell. |
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I would be interested in exchanging bitcoins for this.
I did say in my original post that I'll take BTC |
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Can't people go read the description in the pool websites and figure the number out themselves? Luck considerably slowed down the network hashing rate (as shown in the luck numbers I posted earlier. And if you can't figure them out. I can't help.) Now deepbit is lucky (from unluck 17% to luck 17%, hopefully now you can understand!), and the instant difficulty is going back up http://dot-bit.org/tools/nextDifficulty.phpIt isn't luck, if you look at that site, the instant hashrate is now calculated over completely different blocks than yesterday, 139689-139809, and it is still at 94% of difficulty. That is based on the recent 120 blocks, which IS still luck related (for 20 hrs). I'd trust more on the blockexplorer estimate. |
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One sold (to gfaust). Now I decided to further downsize the mining operation so I'm selling the remaining 2. Same price (USPS priority mail will roughly cost about $16 and UPS will cost about $10, in US).
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I couldn't bother to read the whole thread. Did anyone told OP that he is a clueless newb ?
+1. So are some people here who can't read or figure out some simple math. |
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I'll build my own version of win binary on weekend (and potentially get rid of call the GPU rendering feature |
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Can't people go read the description in the pool websites and figure the number out themselves? Luck considerably slowed down the network hashing rate (as shown in the luck numbers I posted earlier. And if you can't figure them out. I can't help.) Now deepbit is lucky (from unluck 17% to luck 17%, hopefully now you can understand!), and the instant difficulty is going back up http://dot-bit.org/tools/nextDifficulty.php |
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Consider this also:
24 hr lucK from the stats:
deepbit: -17.8%
btcguid: -44.5%
slush: you can calculate yourself but two rounds over 5 hours.
I was just going to say this. Luck appears to actually have been on our side. Maybe there really has been a large reduction in the size of the network in the past few days??? deepbit uses a negative percentage value to show good luck. btcguild does the opposite. I already converted that for you at the time when I wrote the post (from +17.8% to -17.8%). Of course, 24 hr turned around and deepbit is lucky now |
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Consider this also:
24 hr lucK from the stats:
deepbit: -17.8%
btcguid: -44.5%
slush: you can calculate yourself but two rounds over 5 hours.
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grr, I tried 1.5.3 for windows from 1.5.1 and it just comes up w/ the program box sayin "This program has stopped workin..." it crashed...hrm...ideas?
Went back to 1.5.1 and works fine =/
Same here. I was trying 1.5.3 with CPU only option (1.5.1 doesn't support it as it gave error on enumerating devices  ) |
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I'll take Bus 271 (from downtown Bellevue) |
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Well then, weekend sounds best. Anywhere in particular? I vote for the U district or somewhere near there...
Great. Seems we got an organizer from UW. I'll attend. |
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just put up a sell order @ $11.1, 10 BTC. Hopefully somebody takes it.
WTF? 10 BTC is nothing... trolling? NOt trolling. Selling. Actually the order was executed at $11.07, 10.54 BTC in total. Well, I recieved the coins as the payment from a guy in the forum who is supposed to pay me in $116 for buying my Radeon 5830 card. And I'm happy to sell considering the price went to under $9 today. BTW, the majority of my coins were sold at $13. |
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I don't quite get the logic: "have the fundamentals changed?"
No, compared to when it was at $2 or even less. So it should go back to $2? LOL
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