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You would stop mining only if you directed the leftover funds directly into bitcoin thorough an exchange. There are some interesting economic dynamics:
Electricity bills are not instantaneous, but on credit. So all the miners are really taking out bitcoin futures that the price isn't going to be worth less when paying the electricity bill.
Miners also need to take into account the cost of buying the coins 'now' v.s. mining the coins on credit.
A rational miner would work out what had a better return: Buying coins now from an exchange v.s. mining now and paying for the coins later in your electricity bill.
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My ass is particularly significant, only because it is so dam massive.  |
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That option sounds good... allow people to pay for The Sun at a nominal price first, then provide the articles for free on the website later... ooh you could get a IPad and Galaxy Tab APP! |
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yeah, I'm willing to let you to use http://bitcoinservice.co.uk/ free of commission, (I'll pay you back the fees), if you let me have an advert in the sun. |
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Updated, exciting new project available: check above!
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people who mine at a loss are not helping the bitcoin community optimally. You would more optimaly help the community from taking the money you would have spent on electricity and putting that into buying bitcoins. You will help the bitcoin community more, and gain more many more bitoins in total for yourself.
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Gpu's are good because they can be used to do computational work on other problems to bitcoin...
The real question is why don't we make a co-op and build bitcoin asic's? Then sell them for profit... this means that we get GBP or other asset, while still helping the bitcoin community.
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I don't think we should talk ourselves into a corner where Bitcoin is "unquestionable".
Well bitcoin is unquestionable, it is defined by maths. Anyone is free to change it. However that change will make it into something new; it won't be bitcoin any more. However, I suspect, the first change that will be increasing the block size. As that is only enforced by the miners. |
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you can sell your digital products through my site: bitcoinservice.co.uk
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House prices would be much much lower because they are not going to be based on the price of 'funny money' that is printed out of thin air (Unbaked Fiat Money).
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If you want women in Bitcoin, you'd probably have more success if you went after female gamers. Most Sims players are female, for example. You have the best chance of reaching people who already spend all day hanging out on the internet, not people who are into astrology and expensive shoes. Sheesh.
I would think that this community is one of the least sexist that I have every been in... I guess we put a much higher weight on competency than gender. Also being pseudo anonymous means that there isn't any real barriers for either gender to participate. For me, I try my best to judge people by what is important (are they good people for the job they are doing). However, I hold the right for people to be stupid, and judge people for stupid reasons, like gender. On the chick gamers view: maybe a site that sells SIMS clothes and other cool gear would be attractive to such a demographic.  |
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hey there -
I'm so sorry to send you with unsolicited email. I'm in an internet cafe in Amsterdam and someone left their gmail account logged in so I've emailed everyone from their contacts in the hope that someone can help me.
I took some magic mushrooms for the first time last night, lost my mind, and lost everything - my glasses, my cell phone, my purse and my netbook. I'm all alone in the city and need to get back to Dresden by Monday night for my show.
when I called the cell someone answered it - he said he would sell me back the laptop in exchange for 75 euro. the good news - it's truecrypted with a wallet file containing about 400 bitcoins. The bad news - I have no backup.
In addition to the BTC I have personal photos on that laptop that I dont want to lose so I am willing to do basically anything to get it back. I don't have anything other than the clothes I'm wearing, but I found an exchanger a nearby who will sell me euros at 6 euro per bitcoin.
Can you help me? My bitcoin address is 1HarZpGdvhXj4iqKJc8GAKKyL85bqpv9p8. If you can send the whole 12.5 BTC I will be glad to reward you with 25 BTC when I get the laptop back as well as some photos. Even if you can spare just one coin you'll be helping me get home safe.
yours truly
mikayla Plato, I like this one... I think that it is the most believable so far. |
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Somebody should really make a very expensive on-line shoe store that sell designer shoes and handbags exclusivity for bitcoin. (many, many bitcoins).  |
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there is no patriarchy within the bitcoin community... why the dominance of men... could it be that men are, in general, interested in different things to women?
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