Check a mining calculator to see how much you will be making based on your individual power costs: http://dustcoin.com/mining. Of course you will need to factor in a long delay before you receive the ASIC, and a considerable increase in difficulty in the meantime. |
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This is the most unbalanced discussion on anything i have seen in a while. You really need to give both sides of the argument if you expect people to take you seriously. Also, a person who cannot pronounce bitcoin has no business discussing it in an expert panel.
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The current batch of ASICs should work on any SHA-256 based coin, so BTC, NMC, PPC, TRC, DVC, IXC, FRC, BTE etc.
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You could make a charity coin similar to devcoin, where 90% of each mined block goes to recognised charities such as oxfam/red cross.
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What goes up must come down, particularly when you're talking about highly speculative alternative currencies with no real world use.
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Right now it's listed as 7 on Vircurex. It was 15 a couple of weeks back. Obviously Feathercoin mining has taken a chunk out of it, but still I am surprised it's fallen like that.
I remember checking just 2-3 days ago and it was 12 or something so it's taken a big hit
Hashrate is down a bit but nowhere near 50%. Allchains.info says litecoin hashrate is about 11 Gh/s right now, which still seems pretty high to me. |
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Allready happening. They output on newly branded cryptocurrencies must be way higher than ... well see it from a stamp collectors viewpoint  These coins should have a graphical surface. +1 |
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It's good to see something official from Mt.Gox about this. Hopefully they can get their other upgrades done without too much delay.
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I personally would be very surprised if he made another appearance on the forum. Right now he is mysterious and to some people almost mythological, whereas if he comes back he becomes just another guy posting on the forum.
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This is pretty disappointing to see. It seems UK banks are becoming increasingly unfriendly towards bitcoin. At least you can still send SEPA and international wire transfers to overseas bitcoin exchanges.
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To begin with I think we should aim to get some very small nations on board, such as Sealand. This could actually be a perfect fit because it saves these nations the expense of creating their own micro currency.
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I don't think we'll see another bubble until the major exchanges are upgraded to the point where they can withstand DDOS attacks. Otherwise the fact that confidence can be eroded at any time kind of limits upward movement.
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As far as I know none of the major exchanges allow short selling. It is a pretty big gap, which hopefully someone will fill soon.
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Welcome to the forum! Looks like you have a good understanding of bitcoin and some of its alts already. I totally agree that there are far too many alternative cryptocurrencies being created right now, many of which offer very little innovation and are little more than pump and dumps. There has been an alt coin boom this year, and it has gone a little bit overboard with a new alt being created almost every day now. While some may worry that this proliferation of alts will suck value out of bitcoin, I am more inclined to believe that most will simply fall flat on their face and die within a few weeks or months of launch. The few that survive will do so because they contain truly useful and innovative features.
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It's hard to say exactly what caused it...but the important thing is getting access to your coins, which will happen only when your ID is verified. You should have been given a number in the verification queue. You can use this to estimate how long the delay is going to be.
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this guy's ability to predict the future is just uncanny
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This last uptick has been a bit sudden. I think we'll see a minor correction over the next few days, and then pushing on to 200 around the end of the week.
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wonder if this was a trading engine error or fat finger error
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