Does anyone here worry about the concentration of hash power? 6 of the last 7 blocks have been found by BTC Guild. This is beginning to worry me.
No. They were found by miners of that pool, not the pool itself. If the pool misbehaves (the blocks contain only transactions with high fees or the blocks contain no transactions at all etc.) these miners will switch within hours. I wonder though why the first ASIC miners are not solo mining. Damn you can afford to do it with a block found on average within hours. Check the ASICMINER thread. They still want to reduce variance some. |
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PS I am happy to offer 1 BTC for sale for $1000. If you would like to go down in history as the first person to pay this price (which will be in history books for millenia to come as entire planetary systems base their economies on cryptographic currencies) please feel free to respond.
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Subject line says it all. This is a rally of extreme strength. Neither a dead cat bounce nor a bull trap. There is no stopping Bitcoin now. Bitcoins are not for sale, offer up all your fiat. Thank you and goodnight!
</irrational exuberance>
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ASICMINER shares have rallied lately. Time to sell some?
We have rought 3750 shares left, 500 was sold at 0.8 on the rally up. I have also placed more shares for sale and I will sell more if we get good bids  Seems like we will be apply to pay back the full amount  //DeaDTerra Awesome |
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ASICMINER shares have rallied lately. Time to sell some?
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Their website looks like all is OK with Bitcoin.
That's because everything is OK with Bitcoin. The network is running nominally, as for the reference client development towards 0.9 is progressing, 0.8.2 will be released soon. Along the way, more and more companies are adopting BTC payments. The price that people are trading BTC for changes nothing, and even the that is mostly back to before the crazy media attention and resulting demand shock. Where can I read more about 0.8.2 or 0.9? Is there anything besides browsing git? |
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Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong.
So next time when I sell, thinking its a peak, and it does not come back, I will miss out.
So it's just not worth the effort/stress over a 10 year horizon to essentially get a zero sum game
+1 Not to mention capital gains taxes. Pay the government so you can buy more Bitcoins when the price in $ drops? Just doesn't feel right. |
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Despair, capitulation starting to ripen...
Yea, it certainly feels that way at this point in time... this is good for the coin. Long may she remain strong. |
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This actually makes me feel much better about losing millions! |
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This is only the beginning.
It is entirely up to us, not the Winkelvai, not these fake pump and dump investors.
The future of bitcoin relies solely on the community of bitcoin acting as a whole to treat BTC less like a stock and more like the cryptocurrency that it is.
Had to get it off my chest.
+10101011 |
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People don't realize that March was full of highs, April is to compensate for that. Sooner or later, the price will slingshot and those who sold will get left behind.
The coin remains strong. |
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Dont usually bump... but anyone want to comment?  ? come on, even just 1 criticism?? There must be something there worth commenting The more I think about it, the more I was probably too negative. The advantages seem greater than the disadvantages....... anyone? Very nice overview I think increasing the block size is an economic debate so it might be harder to change than we imagine... but I'm not really up to date on all of the arguments. I think the main concern is making sure anyone can mine without needing to require massive amounts of bandwidth. |
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what's your humble best time estimate to get all of this sold and liquidated DT?
One indicator: when Gigamining turns into Teramining (depending on BFL), Teramining will then run for 9 months. Yea so minimum of 9 months really. Then we have some other shares which have yet to be listed on a exchange for example BTCMC. //DEADTerra Do you plan on making a payout this week? Thanks! Bump As I have commented earlier it depends on how many AM we sell and what dividends we get. If we only have 100-200 BTC in the pot then I would rather wait. //DeaDTerra Sounds good, thanks for the reply and sorry for repeat questions! |
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what's your humble best time estimate to get all of this sold and liquidated DT?
One indicator: when Gigamining turns into Teramining (depending on BFL), Teramining will then run for 9 months. Yea so minimum of 9 months really. Then we have some other shares which have yet to be listed on a exchange for example BTCMC. //DEADTerra Do you plan on making a payout this week? Thanks! Bump |
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......at every support level. It's just taken awhile for people to notice.
It's so blatant, I guess because there is no regulator to slap them down they don't even have to bother trying to hide it. With their market control what they are doing is a sure-fire way to end up crashing bitcoin for good. Yes, it's like the US stock market in the 1920s. There are no regulations so anything goes. I don't think they want to fix the lag. The lag is how they control the market, quell panic selling, pump the bid/ask with tiny bot bids, etc etc. They've been doing this blatantly for the past three months (always at major technical and psychological support levels) but most of the people on this forum, I assume, are not very involved in equities and don't realize how truly bizarre the pricing action is on Mt Gox. Or, they like that Gox is pumping this.... Could you explain a bit more how they do this and what their goals are? I am interested in some technical details. Thanks! |
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what's your humble best time estimate to get all of this sold and liquidated DT?
One indicator: when Gigamining turns into Teramining (depending on BFL), Teramining will then run for 9 months. Yea so minimum of 9 months really. Then we have some other shares which have yet to be listed on a exchange for example BTCMC. //DEADTerra Do you plan on making a payout this week? Thanks! Depends on how many AM shares we sell. //DeaDTerra Any update on the payout this week? This week has been bad for bitcoin thanks to Mt. Gox but maybe we can keep the show on the road |
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what's your humble best time estimate to get all of this sold and liquidated DT?
One indicator: when Gigamining turns into Teramining (depending on BFL), Teramining will then run for 9 months. Yea so minimum of 9 months really. Then we have some other shares which have yet to be listed on a exchange for example BTCMC. //DEADTerra Do you plan on making a payout this week? Thanks! |
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eleuthria on BTCGuild obtaining 51% - a response from ASICMINER: https://bitcointalk.org/index.php?topic=49417.msg1773665#msg1773665I've received a response from the ASICMINER team. They are aware of BTC Guild's growing share of the network, and have told me that their next batches of power will be split among more pools or even solo mining to avoid a pool reaching 51%. They have also identified that selling hardware is on the table if their own share of the network approaches the 51% level. This doesn't mean the 51% plan in place will change, but it hopefully means the pool will not hit the 45% stage, and any increases in fees if we hit 40% should only last for 1-2 weeks. |
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The technical term is—rotation.
Rotation? Would you mind explaining more? I've searched but only come up with "sector rotation". |
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Thanks, this was helpful information.
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