I'm currently taking part in this competition with a couple friends (gentleman's "see who can win the most with .01" agreement) and was long during the rise, which was quite fun. I didn't want to tell anyone else about it because I wanted to win the prize all to myself, but I figure the trollbox would be more fun with some people in it  . However, this exchange is still new, and I would caution against using 50x leverage (I usually never go higher than 30x), with the way the order books move around I think it could be possible to get margin called when the price moves and they are refreshing the books if no humans have orders to protect that zone during the shift. I talked to the admin and they said this will soon be fixed, hopefully this week. Full Disclosure: The owner of this website is a friend of a friend, and I believe it to be trustworthy. |
|
|
|
|
This thread is less than reddit quality. What the hell is going on?!
|
|
|
|
|
Dude, I've been so damn busy lately, I just don't have the time to research it. Its seriously because my girlfriend is cold and i told her i can just fire up a few GPU's in the bedroom at night, but I figure if I'm going to support the Darkcoin network, I outta do it right. Thanks for the info though!
|
|
|
|
|
I've been searching for these cards specs on Darkcoin but its been so long since i've mined Darkcoin (it was a hot summer) but now my desktop is back in action ready to mine. Can someone help me out?
I'm using my SGMiner from May: sgminer -o stratum+tcp://stratum.simpledrk.com:3353 -u Address -p x -w 128 -I 13 -k darkcoin
Is there a better more targeted approach? Is there a more effecient miner out now?
|
|
|
|
|
I found one a few months ago on Slush... it was a grand feeling. I wish you could name blocks after you, like, naming stars... haha.
|
|
|
|
|
For news, Reddit is the one stop shop for me. I try some of the crypto news sites, but aside from coinfire a couple others, most of them have had way too much bad history for me to trust.
As far as anything else and actually participating in the community, this is the place. Mining hardware/knowledge and basically anything you could get from the other sub reddits of the bitcoin subreddits (aside from maybe some notable TA's on bitcoinmarkets) are mostly better picked up from here.
When you are starting out and dipping your feet into crypto, start here. Once you have a few niche sections of the forum that suit you, you'll naturally find yourself on reddit a more significant portion of the time.
Also, I spend a lot of time on IRC's, but that's personal preference
|
|
|
|
i have been paid in bitcoins for 2 and a half years. i do not care about dollar prices or UK prices. i live happily on bitcoin for food, rent and bills..
although only a few special people have actually done some work to establish merchant adoption to secure our living costs which can be managed in bitcoin (getting our local grocer and landlord to accept bitcoin), the OP and others just sitting on their hands moaning about bitcoin adoption, need to shut up and do some work helping get THEIR local stores to accept it. or realise that bitcoin is still in innovation stage and if they cant be bothered to help themselves then continue to shut up and wait for someone else in their town to 'man up' and get their stores to accept bitcoin.
personal note to anyone living in an area where little to no one knows about bitcoin or lives nearby
YOU really need to do it for your area, or YOUR whinging and crying wont do anything, 'man up' boys and help yourselves out
It's amazing how many people don't get this. This is a community, not some company just waiting to release the next starcraft to take the nerd community by storm. I'm hopeful the price decline remains low toget people in the game for more than just money. The more those type of people get into bitcoin, the more it gets in the way of the technology and the more it makes me want to scream |
|
|
|
|
It was a nice "Hey I'm done writing my book now, I'm back" sort of thing. The crypto community thought he threw in the towel or something. I was so happy he was speaking over literally ANYONE else in this community that has been outspoken thus far. There are very few names in this space that don't come off as a little cooky, and I think its because you had to be a little weird to get into this early....
|
|
|
|
|
I am slightly overextended on my long positions I think in terms of my diversification strategy, but I'm wary of putting any more money in stocks, between my ROTH and buying more bitcoin, bitcoin is winning. Was hoping to see lower prices, but this manipulation is hard to trade.
|
|
|
|
|
I would say this is one brave whale, but hey, even if someone chomps him up, not like 9 mil is the worst thing in the world to have, especially if he's an early adopter. heheh.
|
|
|
|
|
GenTarkin.... great post. Although I hope its the megamines that shut off all their inefficient shit and just run with all the new stuff. The smalltime miners will keep running at a loss (I mine with about 5 th/s, I'll absorb the power costs until the blockchain explodes if I have to).
I think a lot of small time miners feel the same. Whats an extra $30-200 on their bimonthly power bill anyway? Unless the amount of bitcoin I mine is equal to peanuts, I'm going to keep running even if it costs me more in power. I hope people with similar amounts of hashing power feel the same. People running full nodes and mining on small pools and p2pools have a desire for a healthy market. I hope they endure. I will.
|
|
|
|
Back in 1996 I bought 18 rookie cards for $49 each.
(all of my paper route savings)
They went up to $58 and I bought special hard plastic cases and put them in a secret stash above my closet.
I totally forgot about the until last summer.
I looked them up.
They are now worth $3 each.
Screw football cards.
Should have bought cards with utility instead... like Magic cards. Best investment of my life  ... If only Mt.Gox was what it was supposed to be in the first place! |
|
|
|
|
The miners are taking way too much money out of this system anyway.
To maintain a healthy market, we need the miners to get compensated fairly, sure, but the drastic increase of efficiency in mining gear has made producing bitcoins much cheaper. A high bitcoin price does nothing but compensate those miners for the risks they took, and whoever happens to be on the winning side of that trade (and hodlers ofc) Most mining gear from Bitmain and other companies should be close, or have already ROI'd by now, if purchased at an appropriate time. Institutional miners can stop the dumpfest and wait for the price to recover and get enthusiasm up again (because this is a permabull market, need I remind everyone here, that at this point, the bulls remain unshaken, and the people with large stakes of coins can't afford to be bears anymore, and where the hell else is the downward pressure going to come from? Miners will stop selling, bears are ready to jump off the bandwagon, they are already setting their SL's closer and closer together....
At some point, for all those invested in bitcoin, even if it means climbing on razor thin volume, the dumping will stop. You can bet on that. After all, miners have millions of dollars worth of hardware, they aren't going to just shut the shit off....
|
|
|
|
|
This is one joke of a post coming from a "Hero Member".
|
|
|
|
|
OP, I don't have the time to explain everything, but so long as you are confident your operation won't go down, the only thing that may have a problem with temperature delta is the PSU. The heat generated from the miners will be more than enough to keep condensation off, though... So I'd say go for it, just have a spare Psu in case... But I have all of my miners outsideand I've never had a problem, two of them reside on my balcony, in fact.
|
|
|
|
429$ is really bad, it should be 600$ at least.
damn miners dump 3600 BTC a day (1.5M bucks). No wonder price drops and more acceptance in bitcoin by merchants that straights away dumps them to market for fiat. no wonder the price reflects it. Only small miners who have a lot to worry about dump their coins regularly, Pools and other larger mines dont dump all the coins they make, that would be just stiupid if they did. If I had 2 Phash of mining potential I would solo mine, then expand and begin my own pool, after 6months add another 5 Phash of equipment and begin cloud mining potential for my pool members. and I can promise you with 7 Phash of my own equipment (even if 5Phash is rented out) I would most certainly NOT be dumping my coins daily. larger mines only dump what they have to. If you have enough mining equipment to bring in 250,000 a month is there a real need to dump them daily ? NO 2500 machines to mine that only cost 60,000 a month in electric thus an additional 50,000 a month living and other expenditures would be plenty the rest are stockpiling for a rainy day. The real problem is the Dell Dumpers. the merchants who keep dumping coins from their customers. Yes miners do dumpa lot but 3600 a day is very doubtful. they are in this to make the most money they can so dumping more than necessary would not be logical. The merchants tho they have no other choice, they ahve to pay for the products they sell in fiat, they ahve to pay for overhead business costs in fiat and labor in fiat, a 20% profit margin is the best you cn assume from a good online merchant site no matter who you are, so with this you can expect that 80% of the coins (or more) the merchants revolve are being dumped, common BASIC business economics tells us this. The biggest problem for Bitcoin is there is NO DEMAND, I say it all the time and the blind faith idiots who cant see the truth when it slaps them in the face will realize it when it hits their wallet. No one wants bitcoin, no one has a desire to invest in bitcoin, that craze is long over, and without anything of real importance Bitcoin is attracting nothing. We need merchants sites that can sell products cheaper by using bitcoin, or a place to buy something no one else has but everyone needs and you can only buy it with bitcoin. WE NEED A DEMAND. As i stated before in this thread the price is dropping rapidly and it has nothing to do with tax conscious investors, at this point the drop to 450 was the usual bi-weekly Dell Dump ( for the definition of Dell Dump scroll up I think page 2,3 or 4 I have it defined) once the price hit 430 the skeptics got out, at420 all the ones holding on to a failed dream took a loss we hnow sit at 400 and as I said by the end of the yearit will be under 200, 1200 dollars a coin, you will be lucky to see 600 a coin again and I dont care how you feel about whathas happened the past 5 years, until a demand is made for this coin it will be stuck at 300 to 400 Highs and 150 lows, once this sets in you will begin loosing miners, and when they go bigger dumps happen with their exit, they will dumpwhat they are holding take the profits they can and get out while the getting is good. I like this theory, but larger miners dumping what they have to is often times more than what I have to dump when I mine, which is essentially 0. Maybe it was BFL this whole time  hahah. |
|
|
|
|
People have this jaded view that if the government bans something its going to drive people away from it. We are so nascent that it would likely attract more people than it would drive away to be honest.
|
|
|
|
Maybe they are reporting from the future? Space/Time has some funky glitches sometimes... |
|
|
|
They should have listed this in Bitpremier. There are dozens of similar listings there. Otherwise, how Bitcoin enthusiasts will know about this sale? That said, if the sale actually happens, then everything will be smooth. Washington is a Bitcoin-friendly state and there are several Bitcoin ATMs and other crypto-businesses operating out if it (esp. in Seattle).
I wish it was more friendly than you make it out to be. We have a decent community here, but we are so scattered, and the "community" doesn't really pull together to accomplish anything. Compare that to our sister local community in Vancouver and we are a mess. That said, we are better than most, and I look forward to us getting more folks on board, especially restaurants, that stuff is fun! |
|
|
|
|
Honestly, I think home miners should only mine as a hedge against bitcoin price stagnation, which could theoretically lead to difficulty stagnation. If you are long on bitcoin, have a sort of 15% mining operation.
Lets say you buy 10 BTC. Maybe it would behoove you to buy 2 Antminer S3's. If the difficulty skyrockets beyond profitability too quickly, then it would be probably safe to assume that the bitcoin price would have reflected upward momentum to account for the increased difficulty.
Again this is in a perfect world and we all know miners aren't rational. But in the event of a +20% btc price, you would see a lot of old miners turn back on, and other companies roll out batches to gain hashpower. At this point I can see maybe the difficulty doubling at the current BTC price.... anything beyond that and I'd start to worry.
|
|
|
|
|
Show Posts
