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21  Other / Beginners & Help / Re: VideoCards4Sale, Los Angeles,CA on: June 13, 2011, 07:11:13 AM
I myself live in Los Angeles could we do a face to face trade? Bitcoins exchanged at the site of trade.

I'll come moderate and witness lol.
22  Other / Beginners & Help / What's your favorite thing about Bitcoin? on: June 13, 2011, 07:06:26 AM
I I enjoy not only the decentralization but the alternative to an inherent corrupt dollar and other fiat currencies but the community reminds me a lot of the linux community. And Bitcoin is a lot like linux in it's nature being that it requires a community for it's health.

Thought?
23  Other / Beginners & Help / Re: Do you think this will be healthy for your community? on: June 13, 2011, 07:00:57 AM
Poor us Sad
24  Other / Beginners & Help / Re: Does anyone know of a way to convert PayPal USD to BTC? on: June 13, 2011, 06:55:42 AM
I think you can at bitcoinexchange.cc
25  Other / Beginners & Help / Re: Here Comes Monday in Japan - Rally Time! on: June 13, 2011, 06:50:47 AM
I think the short term (say one year) looks great. Uphill battles are inevitable.
26  Other / Beginners & Help / Re: Centralization: How do clients initially know who to talk to? on: June 13, 2011, 06:48:31 AM
Interesting.
27  Other / Beginners & Help / Re: Why should I, a vendor, accept bitcoins? on: June 13, 2011, 06:44:46 AM
If you want to tank Bitcoin go ahead.  Hard coding exchange rates will be no different than the Elites deciding how much we pay for a barrel of oil regardless of how much oil is available.

I think developers are going ot have to start hardcoding exchange rates into their prices. I don't know how sites like bitmunchies.com do it. They must have sometype of system that auto updates depending on exchange rates.

The elite quote was very well said. Good man.
28  Other / Beginners & Help / Re: Too late to start mining? on: June 13, 2011, 06:43:09 AM
At this point, I would reccomend using 6000 series cards. The 5000 series cards will lose ALOT of value if the bitcoin ever fails. The 6000 series can still be used as a gaming card

This is my take on it all.

For example, as a starter I have been a gamer for whenever I am using my computer so I have a GTX480 currently which is amazing for gaming, but sucks for mining (sad how it has to be this way LOL), so anyways I was thinking to sell this card, buy a single 6950 which I would unlock into a 6970, which is pretty much on par with a 5870, but with more headroom, and also higher clocks... AND it is still an excellent card for gaming with as well.

I play games like Aion etc which are more demanding on full settings, and it's also known that crossfire setups with the 5xxx series in Aion have issues and dont even work, so getting a 6xxx series card is a great single card option for me, and as I play games (and mine during any afk time), I will make profits to buy even another card. This will net ~750Mhash/s, AND double as a sick gaming rig AND ALSO retain a lot of it's value if I ever needed to sell out.

Demoncrest has spoken =]  lol

lol. I like the way you think sir. I'm not a gamer at all thought.
29  Other / Beginners & Help / Re: Required Specs for Mining on: June 13, 2011, 06:41:52 AM
Just figure how many mhash per second you can safely mine and calculate with difficulty and current value.
30  Other / Beginners & Help / Re: Should I mine? on: June 13, 2011, 06:40:02 AM
If you already have equipment, just have at it on a couple machines and decide in a week or two.
31  Other / Beginners & Help / Re: help me understand economic concept on: June 13, 2011, 06:38:37 AM
Just tell her to buy silver. Over the next couple of years when silver exposes it's true value, she'll give you an A. Smiley
32  Other / Beginners & Help / Re: Missing money from Mt. Gox on: June 13, 2011, 06:37:01 AM
Update us as you get info plz.
33  Other / Beginners & Help / Re: Too late to start mining? on: June 13, 2011, 06:35:33 AM
It is never too late, but the early adopters have a large advantage: their hardware can be paid for by selling Bitcoin. Long-term, I expect Bitcoin mining to become industrial in scale*. We are currently at commercial scale as far as I can tell.

* If it lasts that long.


I agree. The uphill battle is obvious for bitcoin but I remain confident that bitcoin will do well in over the next year or so. Their will be a fork in the road at some point.
34  Other / Beginners & Help / Re: Porsche 911 turbo for BTC's any takers? on: June 13, 2011, 06:30:39 AM
Lol. I'v loving this thread.
35  Other / Beginners & Help / Re: Too late to start mining? on: June 13, 2011, 06:28:31 AM
I'm probably going to start off with 4 rigs. I calculated 2 rigs in best and seemingly worst case situations and 4 rigs would pay off in twice as much time as a 2 rig miner.
36  Other / Beginners & Help / Re: Introduce yourself :) on: June 13, 2011, 05:49:34 AM
Laid off business adviser here. Gathering lots of investment capital now to start several veins of investments mostly web based. I will be playing with bitcoin as a test run. Feel free to pm me.
37  Other / Beginners & Help / Re: Silk Road on: June 13, 2011, 05:45:12 AM
Couple members of the Senate in Washington have discussed legal issues regarding the silk road to the attorney general's office. I'd say it's about time to step away.
38  Other / Beginners & Help / Too late to start mining? on: June 13, 2011, 05:35:27 AM
What do you think? Too late or do you think the value will increase along side the difficulty as it has been doing for the most part?
39  Other / Beginners & Help / Re: Should I buy a bunch of rigs? on: June 12, 2011, 02:37:26 PM
Also, because it's a start up and the machines would be hosted from a home network, security would be a concern.
40  Other / Beginners & Help / Re: Should I buy a bunch of rigs? on: June 12, 2011, 02:31:34 PM
Yes, you should buy a bunch of rigs.

But you should not mine bitcoins with them. You should lease them out at cost to people that want to mine bitcoins to test if its profitable or not for a while, without buy a rig of their own.

Sort of like a cloud service provider for miners.

OK, you could reserve one rig to mine yourself and see which is more profitable.

I, for one, would like to assess the viability of rig for a couple of weeks while I watch the market dynamics before I decide to make a large capital investment.

Good thoughts and agreed. I really wouldn't invest that sort of money without getting a good feel for the market place. I wouldn't play with more then say 4 rigs to start with parts cost around 9k capable of about a hair under 6GHash/second. This could be a good testing platform and also set up a competitively priced leasing. Of course, down the road one may become more profitable then the other as the market changes considering difficulty, value etc.
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