If you were around at that time you would have seen the discussions and many speculated that BTC would crash to zero, or at least go to cents.  Going from $31 to $2 for most poeple is pretty much the same as going to zero.  When it recovered to $5 I bailed and then got back in at $7.  You had to be there.

Agreed.  I think we'll be somewhere near $900 near the year end.  Maybe have some crisis before then dropping us to $400 before then though.  I don't think we'll pass $1200 since many will jump off the rocket before it gets that high.  We hung around $900 for almost a month, I think we'll go back.

Well all the household appliances my parents bought in the 70s and 80s have gradually been dying.  Each appliance lived a minimum of 25 years.  Some items like our refridgerator we will not replace because even thought the newer ones would use less electricity ultimately buying a new one would harm the environment more since manufacturing a new one uses an insane amount of power and creates a lot of waste byproduct.  If a new fridge used 1/10 of the power it would be a no brainer but for 30% more efficiency I'm not willing to buy something that will break after 3 months.

The Samsung fridge I bought for my house did have a water drain clog and fail at exactly 1 year and 4 days.  This is why I bought the extended warranty.  Which normally I would consider a waste but household appliances at least seemed to be made to self destruct just after the warranty.

It's quite sadly really.  In an age with laser capable of measuring tolerances no human eye could see and capable of catching manufacturing defects that lazy engineering is making such waste.  Th government shouldn't be passing carbon taxes onto the consumer. They should punish companies based on failure rates 

Well earnings decrease similar to exponential decay.  More than 1/2 your earning come from the first month of mining.  If the S3 arrived 1 difficulty period late you're basically down 30% in earnings.

We've already seen people retire their block eruptors.  I have 10 BFL SC Singles that I retired earlier this month.  They would still generate a profit since I have some free electricity, but I am thermally limited and my scrypt rigs make more per watt than the ASICs do.  The Avalon Batch 1-3 and AM blades will be turning off soon as well.  Of course difficulty won't drop because you need 20-50 of these low end devices to match just 1 Cointerra 1.6TH/s

Well even that can be wrong.  Most pools are using PPLNS or similar variant.  If the pool has a bad luck streak for 3-5 days then you can take a big hit.  Only way to guarantee against this is go onto PPS.  This is why PPS still exists even with crazy fees - some miners want assurance of a given payback during a difficulty interval.

The difficulty jumps have been tame lately but with KNC shipping another big batch there's a reason we jumped up about 50PH/s in 3 days.  I'm guessing we're going to have double difficulty in just 1 month or faster.  Unless they're dirt cheap I probably won't be picking up any.

Bitpop, calm down and save your breath.  Ghash doesn't read this and apparently their users can't be bothered to read since they are apathetic to the current situation.  One FU per day is good enough. 

Yeah I have a measly 300GH/s now so I was interested to see how reliable they were.  I tried them for 4 days and had 4 episodes where my hashrate either dropped to 0 or had hiccups dropping average to 180.  I also got a lot of stale shares - but that could be just me since everybody has different internet connections and hops.  I made about 94% of projected earnings overall - I couldn't figure out my luck other than counting the number of solved blocks/day and seeing if it went up or down, but that is inaccurate because the hashrate varied.

Overall I wasn't impressed.  Obviously some people have different experiences or just don't care.

ramchik, you are wasting your electricity.  Even if it was free it's just pointless to mine the way you are doing it.  Either you need to spend a little money and buying some cheap older ASICs like a block eruptor USB stick or just buy your bitcoin from somebody here.

In simple terms:

The 8500GT video that you have is using 100W of power every hour.  With 10 cent electricity it would cost you 24 cents per day to mine and $7.20 per month to mine.

The 1 share you submitted earns you about 1/100th of a penny.  The dirt in between your couch cushions has more value.  Your urine would sell for more.

You're basically wasting electricity and getting nothing accomplished.  Like running heater and AC at the same time.

I'm OK with the new changes and I've been running PD for ages.  I know a few people do actually make 1000 constructive and informed posts but there are a lot of posts that I see that have spelling mistakes and look like they were typed in a hurry just to get a post out.

Ultimately if it keeps the sig campaign alive it's good.  Don't bite the hand that feeds you - something a lot of members haven't grasped the concept of.  We should be posting like we normally do and count up the decent posts we have every month.  Those who have almost all decent posts can give their full count, those who +1 all over the place have to do the footwork.

Nobody will click a PD link if they see a +1 and are too busy scrolling by your +1.

(2) Gold Radeon Rewards good for 3 games of your choice http://www.amd4u.com/radeonrewards/ - 0.035BTC or 2.25LTC

The true test of it's death will be if there is a rally in BTC if LTC decides to go along with it.  If investors pile money into more alts then LTC will die slowly.  Nothing sparks people to get working on a project like the possibility of new income 

That probably won't happen again.  So many people will dump the lesser alts and either pile into BTC or BTC/LTC/NMC/PPC/XPM.  This is not a case where history will repeat itself.  Only the new investors will be left holding the bag.

23 sequential losses in a row and you're cleaned out.

First loss lose 1, double it to 2
Second loss lose 2, double it to 4 (you lost 3 total)
Third loss lose 4, double it to 8 (you lost 7 total).

You keep going until you reach your max hoping you'll win and "rinse and repeat" as noted above.  It works if you only want to bet a few times and have lots to risk, but as noted before you're doing a reverse lottery - risking a lot for a little gain which many would say is stupid.

If you're going to gamble, just gamble and enjoy. Don't think you can beat math.

Have you seen the difficulty on a CPU centric coin?  A 2.2GHz dual core that the op has won't even earn enough to replace the fan that would die after 3 years of 24/7 operation.  Mining at home is more or less a losing proposition.  It WAS profitable in the past, just not viable presently.

Time would better be spent creating a service or sell goods for BTC.  Why chase 0.0005BTC when you can provide a skll/service/good for 0.05BTC with the same amount of time?

2^23 and that 1BTC is gone.  It most likely won't happen on the first bet, but it very well could.  The fact you fail to understand odds is saddening.  Whatever the final exit limit is can be calculated at 2^(X-1) - X is the number of times you can fail before loosing everything.

This is the reason casinos have table limits to keep absurdity out.

Um, isn't that like saying I love winter, except for the cold, wind, snow & ice?