The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
Of course it's dropping. It took a big hit recently and look at the price compared to this time last year. I think it's lost nearly 2/3 of its value since then. It dropped from the ATH because a high price between 700$ and 1100$ was not sustainable. 320$ is still high compared to the average price of 2013 yeah btc was stronger last year when the market cap was over 8 billion, now it's sitting under 5. A bitecoin miner now can only hope the price goes up so he can actually get an ROI to pay for his miner.. Actually, I believe the best way for a bitcoin miner to make money would be to sell his rig to a noob on eBay, then buy the coin he believes in and hope for an eventual price increase. |
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Paycoin is 100% POS now , that mining is going back to bitcoin.
Already? It didn't keep PoW for long then. Thanks for sharing. |
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We're getting more sell pressure from bittrex, gotta keep up the support while we wait for new updates to come!
nahhhh, let it fall, i have some support at 2 sat, theres still plenty of time and suckers selling =D I do hope the price will keep falling, buying at 2 sat would be a great opportunity! |
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I disagree about the paper wallets. If someone is new to Bitcoins and receives a paper wallet, it's likely that he'll simply toss it in a drawer and redeem it for USD in a few years if it's worth more.
I think that setting them up a wallet which contains a relatively small amount would be a better way for the one of receives the gift to actually use his coins.
I've actually tried that once but they'll just think you're some nerd trying to get them to join your little posse. Paper wallets seem to be more attractive cuz they're more customizable and they can actually do what they WANT to do with it, will make them WANT to research on what they have, after you tell them the value, and CONVINCE them to make a wallet. It's somehow a win-win thing I think. Well that's just my opinion. Yeah this makes sense. It would be important to give the person instructions on how to setup a wallet after giving the paper-wallet though. |
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In the mean time, we have received another payment from cloudmining.website. Cool, steady service. I also like the new Mining profit calculator. cloudmining.website is a likely ponzi and that calculator is very misleading to novices as it does not allow one to calculate increases in difficulty. You should use this calculator and study past historical difficulty changes to approximate what one may expect : https://bitcoinwisdom.com/bitcoin/calculatorcalculator can count only approximate. You can always say that the calculator did something wrong. This is actually impossible for a calculator to predict real life events that may lead to difficulty fluctuation, e.g. introduction of PayCoin that has taken away LOT of hash power. So, future estimation is always a statistical average, not perfect. Wow, I just realized Paycoin took 50 ph/s almost exclusively from Bitcoin, which is now at 250 ph/s. It has only been that way for a few day though, it's likely that the pump will be over soon and its network hashrate will fall. |
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1 - Hash rate has grown 30% in 3 months.
2 - More people mining in your pool.
It makes no difference that there are more people mining in his pool, except that the payments are more likely to happen often and to be regular. |
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I disagree about the paper wallets. If someone is new to Bitcoins and receives a paper wallet, it's likely that he'll simply toss it in a drawer and redeem it for USD in a few years if it's worth more.
I think that setting them up a wallet which contains a relatively small amount would be a better way for the one of receives the gift to actually use his coins.
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178163sat You can reat in the upper right corner in the jpg image!   That's weird, I have a bit more than that and the site says my balance is too low to be able to withdraw. Perhaps the minimum amount required for withdrawing is only for those who have the free miner? |
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personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that
I like when the price drops as well because it makes it easier to buy in. Even though at the moment I wouldn't care anymore about its price as well since I'm trading it in altcoins, so the value of btc/usd is irrelevant. But if (WHEN) it goes up 500USD+, I'll turn it into cash again. Even when trading altcoins, I find that the btc/usd market is still relevant, since most altcoins stay relatively fixed to Bitcoin's price. i.e. if Bitcoin jumps to 400$ tomorrow, Doge will probably remain near 60 sat, so it will be a net gain. |
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The best thing is that you don't need to have purchased miner to withdraw funds like other free cloudminers have. (for example hashie.co). So if I decide in future to use cloudmining I would choose Zencloud.
Does anyone know what the minimum withdrawal amount is though? I have 0.002 BTC since signing up two or three weeks ago, and I can't withdraw yet. There is no minimum withdrawal, but probably you have to buy some GHs - if you earn from promotion GHS - you can't withdraw. i was purchased 1mh/s but till now i cant withdraw ;( always appears warning u have no balance my balance 2mbtc now  I'm really curious. I will try soon to withdraw from my free 10gh account and a give feedback. just tried... all work fine... you just use the 2FA auth to enable withdraw  Yeah I used 2FA like they asked, but it still said that the balance was too low. If it's not too indiscrete, how much did you had when you tried to withdraw? |
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once doge will go down to 20 satoshi and then up to 200 and I will make x10 profit  Almost like what happened two months ago, and history always repeats itself |
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Hi guys,
i follow this thread since the begenning of this crap story, but I've didn't post yet.
Same as many of you, I still have some coins blocked on mintpal...
5,330.47634813 BC
2,996.72171752 DGB
40.76943501 DRK
12,382,194.06525900 KARM
etc... and some other small amount of others altcoins...
They all hade the same status :
Withdrawal Status
Requested
Do you think there is any hope to recover them ?...one day ?
Well, a lot of users recovered their altcoins (me included, a few hundred thousands doges), so there's probably a lot more hope than for those who lost Bitcoins. |
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It has been a month since last payment now, would you mind sending them?
Thanks.
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Any news about the draw for November's campaign?  |
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I think the mechanism of peercoin is wrong.
The annual interest make it as the perpetual motion.
There will be inflation with Bitcoin for the next 100 years. Peercoin is not much different about that aspect. |
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Rap news, a surprisingly good show about world events, all done in rap. Plus, they have been friendly to cryptocurrencies since a long time now Episode about net neutrality: https://www.youtube.com/watch?v=k-xSP_T0VqU |
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Sherlock and Doctor Who. British series are the best!
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that is because people are selling and buying every minute. also miners mine new bitcoin and mostly sell it on the market. so the selling will reduce the price
miners sell... and no demand currently because of other for example christmas expenses in 2015 price will go up Well, November and December of last year were great months for Bitcoin and the price went up to a new order of magnitude, so I think it's wrong to blame the current low price simply because of "christmas expenses". |
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ill recommended u using armory or blockchain.info-for a mobile wallet.
Blockchain is the best online wallet but be very careful while using it. Make sure to enable 2FA, and activate as many security measures as possible. Print a paper wallet too and keep it somewhere safe. And also enable 2FA on your e-mail address. When signing up to blockchain, they send an e-mail with a unique password which is sufficient to gain access to the wallet, so someone with access to that e-mail could easily bypass 2FA on blockchain.info |
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