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To me the downhill in the Bitcoin price, since January, is strikingly similar to the April-July 2013 pull back.
Sentiments as well, just on a bigger scale since popularity has grown.
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Because it is bartering? Who said it isn't?
my post was kind of redundant. but what i mean is, why not just trade wallets now? since people say they can make more than one wallet. why not just trade the wallet in tangible form, and give up the key. can't the key then be changed by the new owner? |
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If Bitcoin isn't a currency, why doesn't it fall under bartering when it's exchanged for goods?
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I've been telling EVERYBODY. frickin bitcoin won't hit projections because of government cock blocks! you guys are so frickin smart, but can't see the gorilla in the room.
you guys can probably build super computers, but don't see the frickin 3 year old spilling a cup of water on it, and ruining your grand invention!
now you guys just gotta prepare for more government cock blocks, and bad news in the media, and make decisions accordingly.
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Perhaps it's just the forums, but I feel like there's a lot of negative vibes coming from BTC right now.
I've following Bitcoin and mining for a while but never bothered with forums until recently. Is this common amongst forum-goers or is it really just Bitcoin in general?
i would agree with your assessment. the BTC market lacks excitement right now. still reeling from the gx fiasco, that gave legs to other rumors, whether true or not. it's gonna take some REALLY good news to get the momentum, it had in December, back. i know some people will talk about similar drops in BTC happening last year, but the fact of the matter is more people are involved now. more emotion, and drama, and the swings are going to be bigger now. |
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looks like my old science teacher. |
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bring back the newbie section.. ppllaasse
satosi made bitcom... tis lgit
tell me about it! |
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If a miner finds a block, in pool mining, what does that necessarily mean to the person who found it? Is that like carrying the baton past the finish line? Everyone gets credit?
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The point of increasing difficulty is to s..l..o..w down the collective network hash rate. The frequency of completed rounds should get longer because more shares have to be completed to finish an entire "block" which still only pays say 25 BTC + transaction fee. Most pools reduce the BTC paid "per share" to continue dividing the 25 BTC among the increased number of shares. If you don't increase your miners hash rate or your "collective" hash rate of miners contributing to "your" pool worker - you will see a small reduction in number of shares you earn per given time period as well as a reduction in total BTC earned for each "share" of your work - each time the Network Difficulty increases.
Thank you Dave. I appreciate the detailed response, in helping me better understand this. You're awesome! |
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well seeing as its wednesday and you sent a support ticket on tuesday (24 hours ago).. hmm i call that less then 2 days of patience. especially when considering that banks like to wait 3-5 days in some cases,.. be patient wait till friday before worrying (fifth business day)
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I'm a noob and i know that many people come to these forums to be alarmists, and then buy when bitcoin is low. The TS has 0 premise other than speculation.
YET all you EXTREMELY intelligent guys jump to put out a fire that IS NOT THERE.
I'm no longer a noob! :|
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Are they buying or selling? |
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When pool mining, as the difficulty rate gets higher, will the "Rewards per Round" drop off, or will the frequency of completed rounds, drop off?
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You must have really powerful hardware in order to solo mine these days!!!
what would be a sensible minimum in GH? |
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If you are solo mining it means you solved the block and won 25BTC plus transaction fees. If you're mining in a pool it means you solved a block for the pool and the pool gets 25BTC and fees and distributes them to the pool base.
Always wondered about the details on that. Thank you. |
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Chicks like this have existed since the "prosthetic-penis movement". Without "plastics", they would have to calm their jets before getting some.
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If you had a choice between 1BTC or 1oz of Gold, which one would you choose?
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It's does happen from time to time: https://blockchain.info/orphaned-blocksOrphaned blocks happen because of how the Bitcoin network reaches consensus on the blockchain. Because there is no central storage for it, every Bitcoin client stores its own version. It can be the case that a majority of nodes have one version of blockchain, but then a smaller minority have another, with two more fresh blocks. After the majority notices that it no longer has the longest blockchain, it will switch to the other one. This can happen when two miners produce blocks at similar times. Note that blocks only contain transaction IDs. No money is lost during this blockchain reorganization*, because the transactions that were in the orphaned block will be nevertheless included in subsequent blocks. *actually, the 25 BTC reward from the orphaned block is lost, so the mining power of miners was wasted in that case.Pleas explain to me what finding a block is. Does that mean you stumble upon 25BTC, or that a round has ended quickly. I'm NEW but learning! |
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Aleksey THANK YOU FOR THIS! |
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A lot of the trolls on CNN's comment section were gloating yesterday, but we are having the last laugh, when you think about it the Lehman Brothers or Bear Sterns of the crypto world folded yesterday...and nothing happened. In fact BTC and other alts are rallying because of it. If Mt Gox were a major US bank, we'd be having fed policy makers locked behind doors for days on end figuring out how to bail them out and arguing if we don't do anything, bitcoin could suffer a "Catastrophic" collapse.
I am convinced '08 was nothing more than a big lie to steal trillions in wealth from middle-class Americans with fears that if we don't bail out the big banks, our whole economic way of life is on the line. I think had we gone over the cliff and let these big banks failed we might have even seen a major market rally due to the free market correction.
Man you just lit up my brain! Good frickin point! WOW... ... Whoever fell for "the sky's gonna fall if you don't give us your money" answer, the government fed us, should feel used!  |
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i'm a frickin noob, and i can tell without a shadow of a doubt THAT DESTROYING COINS NOT IN USE is the dumbest answer possible. i feel troll'd even responding to this. |
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