most average people have credit card debts... Err... depends on countries I guess. Here people take loans but usually don't use the so-called "credit" cards to get them. |
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Speculate with money that you can afford to loose. Seriously, if you don't read the whole thread at least read the post just above yours... |
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Mine too. 0.3% stales on a side note, great  (and I haven't upgraded cgminer yet) |
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True, how ever for $149 I know a lot of guys that would take a crack at buying one and figuring out if they could mod it or if it really has just one use. There are very talented "engineers" out there that can reverse engineer the tech and use it for something else. Yeah, sure, I guess for quite a few tech enthusiasts there are various fun ways to reuse the thing, but I think we're getting far away from the average Joe now aren't we?  |
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As well as protection from fraud perpetrated by individuals who would take advantage of the "charge-back" feature of most of the common solutions. This. And no more exchange fees or trouble with international payments. Well, that is, after you converted fiat to BTC. |
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Well, sounds risky to me, but it's your call after all. I guess you'll find people trying to discourage you from buying ASIC so that their own ASIC will be a higher % of the network ; personally I haven't made up my mind yet but if I do get one it will be the 3.5GH/s thingy and nothing more, which probably won't get me as many BTCs as I already have (not that I have much though ^^). So basically I wouldn't be mining much anymore and my interest would rather be that there is still a high number of miners to secure the network and keep the BTCs I have valuable, so to anyone willing to buy ASIC I'd say go for it ^^
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the average Joe doesn't get an ASIC...
With the jalapeņo at $149 my grandma will be buying them next LOL I'm not saying it's expensive nor complicated, I'm just saying it's a pure investment in BTC: you can't do anything else with it. No playing, no reselling, just mining. So I'm pretty sure there won't be as many people with ASICs as there have been with GPUs (proportionally to the global reach & value of Bitcoin, of course). |
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I personally think GPU mining is going to go the way of the CPU mining in the next couple months. I am surprised it has not happened yet since the talk of the FPGA/ASICs started last year.
The jump between GPU and FGPA/ASIC isn't the same as between CPU and GPU: "everyone" has some GPU, not everyone has an FGPA/ASIC. GPU can be bought at your usual local retailer, FGPA/ASIC have to be ordered from the other side of the world. You can resell a GPU and do other things than mining on it, you can't really with FGPA/ASIC. So, not surprising that the transition isn't as brutal: the average Joe doesn't get an ASIC... |
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Thank you kindly, that's what I was thinking as well. The difficulty rating and total network hashrate will go up. Yup, although most likely not everyone currently mining with a GPU will bother upgrading to ASIC, so when ASICs are there the mined BTC will get spread over fewer people (so much for the mass adoption...). I'd say buy what you can afford, but borrowing money for this sounds a bit risky. |
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Meh... detected as a hopper  I'm not hopping, the connection of the computer where the miner is running is just kaput... |
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Yeah I noticed that a while back. Their new site looks like a scam actually IMO  On a side note they disabled my account for not apparent reason, inactivity I guess... I hope they end up deleting my data, the reason I left them in the first place was because there was no way to remove an e-mail address from one's account (and no possibility to add more than 4 or 5 including the outdated ones). Too bad, they started as a more consumer-friendly alternative to PayPal but end up an even worse dictatorship with a crap-looking homepage... |
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Well, personally I'll replace the ads when I get the occasion but I eventually got paid.
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Good point. I mean, hey, every single bitcoin I own comes from Satoshi Dice winnings. Nobody can prove otherwise Meh, BTC is gambling anyway : we run random computations on computers and sometimes when we're lucky 50 BTC come out of thin air So yeah, gambling earnings all the way  |
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The ability to be "completely" (yes we could discuss this for days) anonymous. Indeed there's still room for improvement on this. I think it will be much better already when the client allows users to choose which address to send from when performing a transaction (I think I read in some other thread that this feature was coming maybe in 0.7?). |
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We have been criticized both for turning into an assassination market and for performing unnecessary censorship. Current unwritten rule is to decline bets on explicit deaths like "X will die before the end of year" or "There will be a terrorist attack with X casualties", but allow statements on wars between countries. Probably if it was written people wouldn't complain about censorship as much. It feels different to be warned beforehand that an obviously controversial topic isn't allowed rather than having a submission, which took time to create, unexpectedly refused because of some hidden rule. On a side note, you might want to add "from non-natural causes" to the die part. |
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Thread necromancy, yay... They closed my account and the only thing I did is trade Bitcoins at bitcoin.de.
I got my money back but they will close my account so that pretty much sucks! Well, doesn't suck that much since you got your money back. Not sure that's something you can even hope for @ PayPal... Thank god we now have a better alternative, we should avoid the Paypals like the plague. Yup, all we need now is some additional easy ways to exchange BTC and fiat. |
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I too am worried about network security once the mining subsidy drops off. Meh, all these people who bought FGPAs and ASICs will have to keep them running to try and break even |
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