Latest posts of: mike678

Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34]

661

on: June 27, 2011, 11:42:35 PM

Quote from: l33 on June 27, 2011, 11:09:41 PM I am thinking about 5-10 rigs. That's a little ambitious. If you have built computers before and your confident then I say go for it if you have the money. However if you have never put a rig together before I HIGHLY recommend only purchasing one until you make it fully operational. That way you can back out if you change your mind

662

on: June 27, 2011, 10:45:21 PM

Quote from: AngelusWebDesign on June 27, 2011, 09:12:07 PM It doesn't matter. You simply start mining then, as soon as mining gets you MORE BTC PER DOLLAR SPENT than buying them outright. Of course you want to mine when mining is "profitable". I would like to point out that if you start and stop like this when its profitable your missing the potential coins in between. For example say you stop now because its unprofitable and in 2 or 3 months time the price of a bit coin skyrockets to lets say 500 dollars a bitcoin(Not saying this will or won't happen). As people start to notice the rise more and more machine will be put out raising the difficulty. By the time you decide its profitable again the difficulty is raised so high it gives you a narrow window to make anything. If however you mine constantly for the two months its not profitable at the beginning but when you sell the bitcoins you saved it will be at worth it. This is a gamble but could potentially be worth it.

663

on: June 27, 2011, 08:04:21 PM

Quote from: Coma on June 27, 2011, 07:57:52 PM Or they expect bitcoins to worth so much more in the future. I feel like so many people forget this. Yes it might be a gamble thinking this way but too many people think short term and not long term especially with gpu mining.

664

on: June 27, 2011, 05:47:52 PM

Quote from: venom on June 27, 2011, 05:41:19 PM Quote from: mike678 on June 27, 2011, 05:37:51 PM I agree it probably could go above 100 dollars but I don't think people will be able to comprehend the cost of items being sold at .001 bit coins or .0001 which will hinder its ability to go higher. You must be a bit newer here. The fractional thing isn't an issue, there are people already working on sub-units. The bitcoin itself was designed with deflation as a possibility.. so in the future we may be doing 1 millicoin = 0.001 BTC or something.. the bitcoin software will just get updated for that, if the requirement should arise in the future... so it's a non-issue. I can tell you just by looking at the trading ladders that one big player could push the price of bitcoin to $50 easily... if someone wants to do that. By big I mean someone with a million, who feels like taking a big speculative position. The bitcoin market is really in its absolute infancy, when you look at the bigger picture. Alright I didn't know that. If some kind of milicoin is created then I see no problem with the price going higher eventually.

665

on: June 27, 2011, 05:37:51 PM

Quote from: venom on June 27, 2011, 05:24:25 PM Very hard to predict because it depends on so many factors - new user interest, speculation, actual use of it as a currency, etc. If I had to take a guess - it'll go to $100. Sounds crazy, but I believe that demand will exceed supply for quite a while to come.. and that's why the price should continue going up in the long term. I remember when people sold at 5 cents because they had made 10 times their money, and nobody thought it would ever go to 10 cents.. that kind of thinking was 'delusional'. Yet look at where we are now. If nothing else, Bitcoin is a fascinating experiment at a true free market driven by supply & demand I agree it probably could go above 100 dollars but I don't think people will be able to comprehend the cost of items being sold at .001 bit coins or .0001 which will hinder its ability to go higher.

666

on: June 27, 2011, 04:57:42 PM

I'm pretty sure phoenix is the fastest (at least for me) When I run my 5830's on it I get about 250 megahash on each of my cards with out overclocking.

667

on: June 27, 2011, 03:43:36 PM

I believe most of these are average overclocked speeds but it will give you an idea. https://spreadsheets.google.com/spreadsheet/ccc?key=0AsSwOT3E1XTGdGtpa1BQcmJLN2x6TG1MRmxzb29BeFE&hl=en_US&authkey=COWC8toK#gid=0

668

on: June 27, 2011, 03:38:55 PM

I think it definitely has a chance of breaking the 30 dollar mark in the coming month or two. However I think the people who believe it will go higher then 100 dollars are slightly delusional. I don't think people have the capacity to deal in .001 bitcoins or less.

669

on: June 27, 2011, 01:52:04 AM

Went from ~241 to ~248 thanks.