The perception of stability is increased because people look at EUR to USD exchange rate and see little (relatively speaking) volatility.  Of course this is to be expected.  All central banks debase their currency however they are somewhat careful to keep their debasement in line with what other governments are doing.  If the US was debasing the dollar by 30% and Euro central bank debasing the Euro by "only" 20% we would see a massive 20% year over year move on the USD to EUR exchange rate but if both banks are debasing at roughly 10% (or even 30% or 99%) then the exchange rate will appear stable.

Essentially all fiat currencies (all fiat currencies every created, currently operating, and all that will ever be created) are a race to the bottom.   Purchasing power always declines.

Silver or gold may in the short term decline in real purchasing power if production exceeds economy growth however unlike fiat currencies that is hedged by economic factors.   Demand dries up gold/silver correct downward, the margins on the most marginal mines (highest cost of production) collapse and production is reduced.   

+1 on this.  Since HF planned on shipping by 1 Nov then then they had to plan on MPP going into effect 31 Jan.  Pushing the MPP back because they failed to ship on time (even if allowed per the wording of the MPP) is poor faith.   There is no reason the MPP window shouldn't be 1 Nov to 31 Jan.

That actually is a better way to do it.  If the price goes lower your average price declines and as suggested up thread use "weird" numbers to avoid becoming part of a wall.

So putting it all together rather than try to predict the bottom:  BUY $2,000 @ $150.00

stagger bids around your predicted price range:
BUY $400 of BTC @ $171.23
BUY $400 of BTC @ $165.09
BUY $400 of BTC @ $160.87
BUY $400 of BTC @ $156.44
BUY $400 of BTC @ $151.01

Why do people want to try and call at a bottom?   Kinda sucks if you have a BUY 100 BTC @ $150.00 and the lowest tick before heading skyward is $151.23.

If you want a position just use multiple price points.
BUY 20 @ $170.00
BUY 20 @ $165.00
BUY 20 @ $160.00
BUY 20 @ $155.00
BUY 20 @ $150.00

Not sure why the economy is growing at 0.5% on average.   Global GDP growth is closer to 3% over any extended period of time (say a decade).   Hell population growth is >1.1% annually so if economic output is growing at 0.5% and population is growing at 1% then productivity per worker is shrinking?  I mean that doesn't even pass the common sense test.

The reason that gold and silver have held purchasing power over large periods of time is because the inflation of the metal (~2% to 3% annually) has been roughly the same as economic growth.

Probably not.  We will be at 28nm a while.  ASIC Miners didn't get better faster due to Moore's law it simply was designers "jumping ahead" to smaller processing nodes.  28nm is as economical as it gets in 2013/2014.   It will be a while before 22/20nm is cost effective.

At 28nm it looks like from three different vendors you are looking at ~0.7J /GH at the wall.  So 2 TH/s is probably around 1400W.  US 15A outlet is rated for 1440W continual load.  Now you may say in Nowhereistan the standard outlet is 240V, 33.8A but mining is perfectly parallel.  It makes little sense to sell a 2 TH/s and 4 TH/s unit you can just sell 2 TH/s units and sell some people 1 and other people 2. 

 

FYPFY

Fees are per KB.  Not sure why you thought raising the fee would lower the fees you pay.

Supply remains the same regardless of changes in difficulty.   New production remains the same regardless of difficulty.

Now price does affect supply.  When price goes up miners profits (in USD) increase and their electrical costs denominated in BTC decrease.  This fuels more hardware purchases and difficulty rises.  If prices falls then marginal miners (least efficient gear and higher energy cost) get squeezed and eventually turn off rigs so difficulty declines until price rises enough that they are profitable again .... and the cycle goes on.

Mahatma Gandhi

Looks like your friends are on step two in their relationship with Bitcoin.  They are kinda behind the times laugh at you saw so 2012.

Governments ALREADY do limit the workweek.  The "40 hour" workweek was established in 1937.  Since then the productivity of the average worker has increased by a couple magnitudes.   We still cling to 40 hour workweek like it is some fundamental law of physics.   No reason a government (or many governments) couldn't reduce it to 35 or 32.

If we are 10% below peak labor then reducing workweek 10% would compensate. 

I would like your 10 block Eruptors.   Will pay shipping.

It is up to the DOJ.   The sad thing is they have a LOT of experience is selling forfeited assets.  Billions of dollars a year in assets, cars, planes, mansions, fine art, luxury goods, speed boats, you name it they have sold it in the past. So they pretty much have it down to a science.  They will sell it off however they feel will bring in the top dollar. For someone with a lot of money this will be a great way to get some coins without dealing with liquidity issues, or exchange risk, or bank delays.   Win auction, wire the US treasury some funds, get your sizable position of coins.

Regardless this will be a really great headline.  The DOJ doesn't seek forfeiture of things without value.  The news stories of the DOJ auctioning off lots of Bitcoins worth millions will be a big deal.

Agreed however they likely aren't going to move until the criminal case is over one way or another.   It isn't like the Bitcoins are going to spoil.  They will still be the same bitcoins in 2014 or whenever the criminal phase wraps up, as they are today.

I think in time all vendors will cut prices in good time.  Vendors want high prices, customers want low prices eventually the demand will dry up and with it the cashflow.  The only way to get customers to open their wallets will be lower prices.      To be fair Cointerra doesn't have lower prices because they are "nice" it is because they are last.  $10 per GH isn't going to fly with a "late Dec" = industry talk for Jan (or later) delivery.   To move units they have to be cheaper because they certainly aren't going to be earlier.

My guess is when KNC and HF open up January orders either they will be priced aggressively or the market will simply not commit.  

Technically DOJ.  Forfeited assets are handled by DOJ.  Right now it is evidence but after conviction it will be turned over to DOJ who handles all forms of forfeited assets yachts, planes, gold depositories, luxury goods, you name it and the feds have at one time seized and auctioned it.  Until he is convicted the funds will just sit there.  On the off chance he is found not guilty the first thing he lawyers would be doing is filing to have his wrongfully seized assets returned.   Not saying it will happen but because of that the DOJ will wait for a conviction before doing anything with the seized assets.

Proceeds go to the treasury so it isn't like the FBI gets to keep the funds.

Yeah nice find.

Watts = Volts * Amps
Watts = 5 * 36
Watts = 180W peak

120V, 20A circuit is solid for 1920W continual, 2400W peak.  Most household outlets, branches, and breakers are 15A though and that means 14 AWG.  Might be better in newer construction but wire is expensive and builders are usually cheap.

If someone is looking to do an upgrade just do it right with 240V, 30A branch.   An outlet like this is good for 5.76KW continual and ebay has tons of cheap used PDUs which have a NEMA L6-30 plug.


Probably good for at least 3 Sierras maybe 4 depending on what final wattage ends up being.  My guess is HF puts some overhead in the PSU so 1700W of PSU doesn't mean they intend for it to draw 1700W.  Drawing say 1300W would keep the PSU at 80% load.

The NEC requires a 20% derate for continual loads so 15A 120V circuit is good for 1440W continual.  

Unless the silicon was designed for high temp I don't expect the system allowing a junction temp of higher than 85C maybe 90C max.  Hashfast has indicated that the chips adjust clock based on internal temp but hasn't indicated the operating temp.   Of course the advantage of those radiators is if you want to handle higher thermal output with lower delta over ambient swap the fans for more powerful ones.  If you don't mind the noise upgrade em all the way to Delta high rpm fans.