i tried to send to my mtgox receiving adress Are you trying to enter an email address or Bitcoin address for that? If you have a "BitcoinClient' payment processor set up, then it should only be taking a Bitcoin address. |
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until it solves it, and sets difficulty to 25% The difficulty is set by an algorithm and not something set by the miner. The miner could try changing the rules re: difficulty (i.e., and mine a blockchain that forks) but other clients wouldn't accept blocks as those blocks violate the Bitcoin protocol. |
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it makes more sense to keep the deposits in the wallet in the currency you deposited, That's what I was saying. The post I was responding to was describing deposits of GBP, so I suggested placing BTC/GBP orders -- keeping everythingin GBP and avoiding the 2.75% conversion fee. |
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I got a prepaid visa card with about $80, but I do not see any site that accept them :/. Anyone know an exchange site  ? I believe that if you mail it to GetBitcoin they will trade those funds once spent for Bitcoin: - http://en.bitcoin.it/wiki/GetBitcoin |
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There is no weekend effect. You can't be serious. Have you run the numbers? I have. This chart shows this happening as well. - http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-07-07zeg2011-09-09ztgSzm1g10zm2g25Timing the trades is difficult, but there definitely is a pattern where the exchange rate is significantly lower (e.g., 5 to 10% and more) on Saturday evening (EDT) than it was the preceeding Wednesday evening/Thursday morning. The rule of thumb for taking advantage of the "weekend dip" is: If the weekly high on Wednesday evening / Thursday morning is lower than the previous weekly high (as we have right now), then more often than not a weekend dip occurs so sell at that time. Then wait until mid-day Saturday and watch for the price to head back up -- though don't panic, it may continue dropping throughout the weekend, until Monday or Tuesday even. But once it starts to head back up, buy back what you sold. Profit. And repeat if the criteria are in effect the following week as well. Now, of course, there is no guarantee this works and also once enough trading is following this strategy those traders will get burnt. That appears to already be happening, ... to beat the "Wednesday evening/Thursday morning" selling you now probably need to start selling Wednesday morning. |
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Mining is absolutely necessary or the transfers between people can't happen - right? If there were only one miner, using a CPU even, transfers could still happen. What mining gives is the ability for the blockchain to be trusted as being correct without having a master node or other system of centralized authority. Bitcoin only needs an amount of hashing sufficient to ensure that no party or cartel has 50%+1 of the mining capacity. At 12 Thash/s there is likely way more than is necessary at this level of adoption. There may be even an order of magnitude more hashing that is truly needed, it could be argued perhaps. |
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I sent it to its final destination about 4 days ago and it still hasn't reached there, and I get the sneaking suspicion it never will. Bitcoin's protocol doesn't lose transactions. Either the network received the message with the transaction or it didn't. You can check using BlockExplorer ( http://www.blockexplorer.com ) to see that the transaction indeed reached the network. If it did not not, then the problem is on your end as the transaction wasn't announced to the network. If the payment does appear in BlockExplorer then the problem is on the recipient's end. - http://en.bitcoin.it/wiki/FAQ#I_sent_some_bitcoins_and_they_haven.27t_arrived_yet.21_Where_are_they.3FAt the end of the day, I find bitcoins to be quite cumbersome and frustrating to use. I'm patiently waiting for the consumer-grade version of Bitcoin to arrive. The BitcoinJS project (Webcoin) will likely delivery exactly that. It is getting closer but today is not yet ready for general consumption. |
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No, there is no competition.
Traded in the projects to be supported financially.
To further develop the local project and to push ahead.
Oh, then my apologies for misunderstanding. But this support for "projects" is then tradable? This is similar to Bitcoin Global (GLBSE) then? |
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So this is some type of bitcoin-powered popularity contest using bitcoin wagers? Just to clarify though, there is no equity in the underlying project, right? Just like when you "invest" in me on http://empireavenue.com you aren't actually owning anything. |
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I apologize if this isn't the correct forum for this.
It would be nice if mt. gox would go through the certification(s) necessary to be an online broker (like tdameritrade or etrade, etc.). I believe this would lend it a larger degree of legitimacy, and would probably ease the movement of money to/from the exchange. I'm sure it's expensive in money and time, but I think it would be worth it. They're basically behaving like an online bank without the burden of certification. Why not become a professional player? Just to make sure this isn't overlooked -- Mt. Gox exchange is not based in the U.S. and has no operations in the U.S. other than a subsidiary Mutum Sigillum LLC of Delaware which is what the exhange has to make it possible to send funds to the exchange from Dwolla. There are several U.S.-based exchanges: ExchB, Camp BX, and HelloBitcoin for instance. As far as costs go though, the legal bills just to discuss what you are describing would probably alone more than offset the exchanges revenues on commissions to-date. i.e., Bitcoin will benefit more from 0.5% fees and a variety of exchanges to choose from than 5.0% fees and one exchange that is registered as a broker. |
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what will the price of bitcoin be tonight at midnight east coast time? my guess is $7.50 It is nice to see binary option betting methods for topics like this. It lets you put your money where your mouth is, so to speak. - http://moonco.in - http://betsofbitco.in |
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- http://en.wikipedia.org/wiki/Fundamental_analysisThere is so little information about Bitcoin's "fundamentals" that can be gleamed. Even the basics, such as "how many bitcoins were spent in the past 24 hours" are nearly impossible to even estimate. There is a raw number showing the number that transferred but that includes change transactions so even that most basic of all metrics needs some subjective analysis before a usable number is available. Charting the data might show trends that are useful and somewhat accurate ... such as, the number of transactions per day - http://pi.uk.com/bitcoin/charts/n-transactionsThere are fuzzy metrics, such as the number of merchants on the Bitcoin trade page that will show if Bitcoin is gaining traction. There are many who rely on even less relevant metrics, such as the Google trends search volume numbers. If the market is always right, then the metric that shows bitcoin's health is the current exchange rate. Right now the market believes that Bitcoin digital currency is worth currently a little over $50 million, though the reason each participant holds bitcoin and doesn't sell at the current price will vary from one individual to the next. The take away is that bitcoin is unlike nearly any other asset class ever seen. Determining its value will be an exercise that is even more difficult than most any other. |
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how can i get them 2 understand bitcoins? Depending on what sources they trust, this may be useful: - http://www.economist.com/node/21518611 The Economist article on Bitcoin You could try this angle: You have an interest in currency trading and there is only one market where you can participate with $10 or less a week, and that is bitcoin. If you simply break even you are doing better than most everyone else and that would indicate perhaps that you might have a future in the financial industry. im trying to make money off bitcoins bcuz my parents only give me $10/wk. Do you have anything that you would be willing to sell in exchange for bitcoins? it costs nothing but your time to list on BiddingPond.com for example. |
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Before GBP->USD conversion was free at forex rates, so one would assume that the new conversions also. Probably will be cheaper to simply buy BTC on Mt. Gox's BTC/GBP market than to try to convert GBP into USD first. Looks like orders can be placed for all 16 of Mt. Gox's markets now. |
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