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1981
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Economy / Speculation / Re: Sell MtGox
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on: July 25, 2013, 06:25:57 AM
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Oh. Look at your topic.. Sell Mtgox. It seems that Mtgox is for sale.  I'll start the bidding at $1 |
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1982
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Bitcoin / Bitcoin Discussion / Re: Argentina is not going Bitcoin
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on: July 25, 2013, 05:26:36 AM
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Once the volatility of bitcoin dies down I believe it will become a godsend in countries like Argentina and Iran. A currency their governments have no control over...  The only problem is how will they get bitcoins? I shipped 3 ASICMiner USB Block Erupters to Argentina today  |
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1986
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Bitcoin / Mining speculation / Re: Will difficulty decrease this cycle?
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on: July 24, 2013, 04:27:27 AM
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May it be the case that ASICminer's stagnation combined with the possibility that most batch 3 avalons are already in the wild cause total network hashrate to be stagnant for the next few weeks? Current (VERY EARLY) projections show a very minimal increase with a very real possibility of a difficulty decrease, will these projections hold?
As some have pointed out, this is an estimated hash rate which fluctuations stochiastically. Chances are the hash rate has increased slightly. Certainly this dip would suggest it's improbable that there's been a rapid increase in hash rate. The only reason why I could see there being a slight drop is if GPUs are being shutdown after the difficulty increases have made GPU power costs exceed revenue. I can't imagine there being a dip in bitcoin difficulty in ~2 weeks from now short of a catastrophic change in bitcoin price. The rate of increase could be lower than the previous one, which would be welcome news to most miners. But there will be more ASIC miners coming online in the next two weeks.While it is a near certainty that a massive amount of ASICs will be unleashed in the future, I was wondering more along the lines of if we have reached the point where almost every major ASIC producer is in-between generations. Right now it appears no major hardware producer besides BFL (and BFL is shipping very small amounts from what I gather) are actually shipping at the moment. ASICMiner is shipping USBs. Blades should be available before next difficulty, although with shipping we will see how many hit the network. |
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1987
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Other / Beginners & Help / Re: ASIC Chips
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on: July 24, 2013, 04:23:58 AM
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Bitfury chips are also available for pre-order. You cant buy ASICminer chips but their block erupter blades are available.
I'm not sure where you are getting your information, but you can buy ASICMiner USB from several resellers, or directly if you want 50+. Blades are not currently available, but should be released within a few weeks. You are correct that you can not buy the packaged dies outside a device at this time. |
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1989
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Economy / Speculation / Re: Ding Dong! The Bubble-burst is done! $90-95 is the new normal
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on: July 24, 2013, 03:21:34 AM
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Nah.
Look at your data more closely. Everyone says final capitulation in a bubble should be on high-volume. The high volume in 2011 was at the end, in 2013 it was at the start, when it got to the 50s. What an odd assumption. Curious as to what possible argument you could make in favor of this. I mean, is your argument basically that we won't see high volume again, until we do? And when we do, it won't be capitulation? Why? I don't see it. If we saw capitulation, as you say, why the downtrend after the wave up from 50? Looks a lot more like a dead cat bounce then, doesn't it? If you cater to the theory that capitulation = bottom (only buyers left), then it's pretty unlikely that capitulation happened over 7 days, followed by an 8-day bounce, followed by a 3-month downtrend which has not ended. LOL, there will be many false calls that the 'new bottom' is in on the long journey to the real long term bottom.
Yep.  Perhaps the capitulation did happen immediately by the whales. Now they are buying and will let it go as low as the selling pressure can push it. |
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1990
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Economy / Speculation / Re: Goomboo's Journal
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on: July 24, 2013, 01:26:23 AM
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Daily Goomboos: Prepare your fiat!
Steady.... steady.... don't shoot until you see the whites of their eyes. Candle closed! EMA10 > EMA21! Fire! Fire! Fire! Retreat! Charge! |
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1992
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Bitcoin / Pools / Re: [1400GH/s] p2pool: Decentralized, DoS-resistant, Hop-Proof pool
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on: July 24, 2013, 12:51:24 AM
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Why p2pool.info is showing wrong hashrate? Pool Hashrate: 261.6 GH/s
Estimated Time to Block: 5d 22h 32m
Current Round: 4d 17h 0m My node reports right now: Pool rate: 2.00TH/s (9.1% DOA+orphan) Share difficulty: 8470
Node uptime: 1.714 days Peers: 6 out, 5 in It must be on the old fork |
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1993
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Economy / Speculation / Re: Yet another analyst :)
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on: July 24, 2013, 12:43:19 AM
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DXY is silly. I never need to buy other currencies with my dollar. I measure my dollars value in the amount of goods and services I buy.
So even if DXY has risen over two years if the price of milk and gas is rising then the value of my dollar has gone down.
Guess I should invest in the stock market...
Food and energy have been rising in price. Foreign cars and electronics have been falling. Since you are on the internet, I have a feeling you buy electronics. |
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1994
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: July 24, 2013, 12:07:39 AM
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Cypher, what is your opinion about the recent price increase in gold? Do you think we'll go down further and reach $1000,- after this bounce? Or is it a true change?
Its been a long time since the metals had a day good enough to deserve a trip to this thread to tease Cypher a bit.  Go Silver Go All in good fun, either way, awesome thread and awesome call Cypher. can't laugh at me. my subs know that i covered my shorts right at the end of the day 3 wks ago that Thursday when we hit rock bottom. same day miscreanity warned  i've been long GDXJ for about a couple of weeks now |
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1996
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Bitcoin / Pools / Re: [1400GH/s] p2pool: Decentralized, DoS-resistant, Hop-Proof pool
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on: July 23, 2013, 11:18:58 PM
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When is this round going to end  Seeing as my nodes have had very bad luck the last couple of days (2.2hrs to share, 6 shares in the last 48 hours!) and my payout has dropped to under half what it was a day ago, I'm predicting a bunch of blocks in short succession! I've been on for 3 days now. I'm still not at "ideal" payout. Despite running at > 100% efficiency. Everyone else seeing this? Running around 5gh/s. M Does the reported hashrate match your mining software? Also, on the graphs page check the "Local Rate" vs "Local Rate Reflected in Shares". If LRRiS is lower than LR, than you have just had bad luck and it should even out with time. |
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1997
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin Price to hit $25?
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on: July 23, 2013, 08:51:10 PM
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There will be 4x as many Litecoins as there are Bitcoins. Why would the ltc markets be equals to the btc one? No reason...
Didn't say equal. Said 1/4th. And why? There will be 4x as many Litecoins as there are Bitcoins. And Bitcoin has 4000X as many businesses that accept it. |
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1998
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Economy / Speculation / Re: Most successful trading algo
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on: July 23, 2013, 08:14:58 PM
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Make a bot that reads the forum. For every post that says "sell", buy a little bit. For every post that says "buy", sell a little bit.
way to go broke! you must be new here |
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2000
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 23, 2013, 05:26:07 AM
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Yes please link citation of being registered as a Chinese business. That would be news
There is this: Hi everyone. Our team has just started a project of mining ASIC design & production. We believe it will be both profitable for us and good for the Bitcoin community if we fully work it out. It is widely believed that the NRE cost of ASIC is very high, while the margin cost of mass ASIC production is very low. However, we happen to be in China, where the NRE cost is much more reasonable (~150k$ for 130nm, ~500k$ for 65nm, furthermore much less if you do a 1/N mask) than most people thought. And we are going to take well advantage of that. Our approach is incremental in all aspects. We will set several milestones and see what will happen if we achieve each of them. The report on each stage will be posted here. In the design stage, including both the front-end and the back-end, we are going to fund ourselves. When we are finally ready to turn our design into real chips, we will seek investments, possibly both inside and outside the Bitcoin world. The first batch of our ASIC will not be an end, and we are going to renew our technology with the evolution of the hardware industry, so we are going to make this project a long-term one. However, this thread is not for investment asking, but merely for discussion and our status report. Open discussions (feel free to add more!)1. Self mining .vs. Selling hashes .vs. Selling hardware 2. Warnings, e.g. what are the typical causes to a failed ASIC manufacturing 3. Approaches to get enough funding for production (To be extended)Status reportsJuly 18We have had our IC design company registered at Shenzhen, China. The name of our company is "bitfountain"
We also have signed the confidential contract with the IC manufacturer and got the process library necessary for correct DC synthesis. July 29Front-end work done. Preliminary specification given. August 2More optimization and trade-offs applied. MH/J improved and Watt/mm^2 reduced at the cost of some chip area increase. August 11The pictures of our IC layer are revealed.  (Larger pictures: https://bitcointalk.org/index.php?topic=99497.msg1092138#msg1092138) September 22We are in the taping-out process with the foundry. The chip spec and interface made public. https://bitcointalk.org/index.php?topic=91173.msg1211518#msg1211518(To be extended)Or this: Could you give us the results of your chat with friedcat? Inquiring minds want to know. Thanks
I have received some documents, and from what I can tell the company Bitfountain, is registered july 12 in Shenzhen China. I have also received the names of the partners where only two is actually officially shareholders but the third (the hardware wizkid) will be added later on I am told. The names are the same as the owners of Bitfountain, so that's good. There seems to be an agreement with a manufacturer, but I cannot say if that's legit or not. I have not (yet) been able to make up my mind about the viability of the project, or gotten any assurances. But Friedcat seems trustworthy and he's a Haskell* programmer, and what scammer would be a Haskell programmer? That's like a contradiction in terms, lol. We'll see. *) Haskell=obscure programming language, of which I am a fan.Or lots of other posts discussing Bitfountain. The emphasis is mine in both posts. |
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