You shouldn't judge solely on that, but it should be a factor.

Maybe, but my bet is actually it's related to a panic reaction. You buy when it's on it's way up because you are panicing that you will miss out and you sell on the way down because you are panicing that you will get caught in a major loss (you've already held into a loss hoping it will turn back up). Both are actually very natural emotional responses to the circumstances but logically, if something has gone up a lot, then it doesn't have far to go before it stalls, and if something has fallen a lot, it has more potential to rise.

Most droids are $200+ if you aren't willing to extend your contract.

The ROI on this is certainly impressive, but I don't really get how this can be used as part of a business model unless the product were offered on the market or the person running the business knows how to make this mod.

I'm still not seeing your numbers though. If we use the current going rates of $210 for the main board and then $200 for each chip and each chip is at 90Mhps, then a 6 chip board is $1410 and does 540 MHps. The 1.8 Ghps board would be 20 chips, which would be $4210. If you got the chips for your retail price, it would be $3160. I think you skipped over something that shows it's possible today at today's pricing. Maybe you were using 150Mhps per chip (the 300Mhps rumor), but that's still $1896 for the chipset from Digikey, so I still don't get it.

All I will say is that I agree with this statement, but that it is limited in it's scope of thinking.

This would not be for me. The problem is security. If you have a stack like that on linux, it's possible to hack. Especially for embedding computing, there's really no way to ensure an update of all of the devices once an attack is published.

I actually have this as an idea for a side project as well, with different goals though (and mine is not so flashy). It's just the case that there have been a lot of break-ins and threats of virii etc, and I know I could make a dedicated device that was secure in it's wallet versus securing a PC or a smartphone. Having a wallet on a SmartPhone seems like a terrible idea to me. There has been a known attack on a cell phone via Bluetooth. If BitCoin eventually takes off then it will become profitable to write one of these and just cruise airports or other public places looking for wallets. Even if the wallets are encrypted, an active virus can just grab it from memory when you spend from it (you have to decrypt it to use it).

IBB posted a payback URL when I was looking at the thread last night. It showed a payment of 7 bitcoins to it 9/17, and a subsequent moving (selling?) of those bitcoin an hour later. It seems like the IBB removed that post, so I'm hesitant to link it, although I have it in my history and just looked at it again to be sure.

Why are you listed as a scammer?

Looking at block explorer, it looks like it was paid back.

Thanks. In this case, coincidentally we live less than an hour from each other, so I'm actually a lot less worried than one would normally be. I actually have a friend who is a cop in his town, not that that matters that much (police don't generally get involved in civil cases). Ultimately, I can just file a small claims suit for $50 and he will need to come to my town to resolve it, which will cost him more than the loan itself.

Plus, he's a senior member and a stand up guy, so I don't think it's an issue.

(Edited: I'm going to pass on this. I decided to just liquidate what I have).

Everything checked out, so as agreed, I sent ~ 51 bitcoin (exact amount in PM) to the address you provided in the PM. It is from TradeHill and they said it can take up to 12 hours. I never had a problem with getting btc from them before though. I'll notify you when it's in blockexplorer.

It's been said before but you need to have better criteria for these loans. It's a little disheartening to read these, especially since I'm about to loan someone some btc.

So I send you $242.99 in bitcoin and on October 28 you send me $279.44 in bitcoin. Prices are based on the mt gox bid at that time (e.g. 4.80 and thus 50.6229167 btc).

I'll also need to know your real name, phone number, and address in PM. In the same PM, include the btc address you want it from. I'll be transferring directly from tradehill, so I won't know the source address. When I send the funds, I'll send a text to that phone number.

Edit: actually I will need more than this since you could just fake this info. When you PM me your info, I'll call you and give you more details.

I know the argument, and the argument is speculation. I don't think it's something to build a business model after. If difficulty does come down or price does go up or cost/Mhps does go down, then it can change the equation for these things, but making assumptions about what might happen is just gambling.

And for the record, if the difficulty drops to 800,000 and the price to $3, then the X6500 has an 18 month (really 21 month) ROI. There is nothing stable enough about BitCoin that I would enter into it with an 21 month ROI on dedicated hardware. When I bought my rig, the ROI was just under 3 months. If the price goes to $2, the ROI is 28 month (41 months). This is using the 300 Mhps number which isn't guaranteed. There is nothing about low prices that is good for FPGA.

A drop from $5 to $1 will take a similar change as a drop from $20 to $4, in otherwords, it will take at least a few months to do it, not 3 or 4 weeks.

300Mh/s puts the ROI at 26 months, which is really 37 months given the reward decrease. In many cases a 37 month ROI would be great, but there is a severe amount of risk here. That is the ROI today at today's prices and today's difficulty. It's doubtful this will hold up for even 15 months let alone 37.

And my main point is that as the btc price decreases, this ROI decreases too. People are saying that low prices are where FPGA shines, but it really just gets worse.

Those nips are too high on the breast. Sabi's wife has them in a better position. Also if you look at the before pics, the nipple length has nothing to do with the surgery. I did have a Japanese fling that had nipples like this so, it's not that strange.

Did you get repaid?