" 4. 24/7 Staff will monitor your rigs and hash rates and check any that have stopped hashing and or are performing low. "

How would you monitor the hash rates? Does this imply that the miners would have to mine at your own pool or through your own software?

My Questions:
1. What rates are you charging per KWh of electricity?
2. Does it differ between Mexico and San Diego?
3. Also what is the base monthly hosting fee?
4. Why not have a UPS as a true backup in case your facility experiences a power outage? Or do you plan on compensating for that lost mining time?

Without this very basic information you won't gather very much interest.

Hello, I just sent you a PM to see if you're still looking for work. I noticed you had corrected some other author's writings that were also bugging me while I was reading them. I have some work for you if you have the free time available and are able to do it at a good price

Current categories of people that are interested in bitcoin:

1. Buyers: These people see the current downtrending of bitcoin against the USD and are waiting for a "better" opportunity to buy in.

2. Sellers: If they bought within the past few months they would be taking a loss, many of which are probably just holding for now in hopes for a rise in bitcoin this July/August to resell.

3. Long term holders: Keep on holding

4. General public: Less excitement in btc due to downtrending price, will not put much effort into btc at this time

5. Chinese day traders: May be thinking about transferring some of their btc off the exchanges and into less visible personal wallets until they know what the PBOC will end up doing and if there will be any other avenue for them to continue day trading btc. May be holding off buying/selling btc for now.

with that being said the trade volume in USD is over $30 million dollars (estimated at 70K btc), which is still a very healthy and thriving economy IMO.

The article specifically states that they have about 13 million invested in bitcoin. While 13 million dollars is quite a chunk of change, large companies could invest quite a bit more than that so I would expect that there is more room in their portfolio for bitcoin if they feel it's right to do so.

This just became my first and only "watch" thread. Great job on the analysis and google spreadsheet Slippery Slope, keep it up!

I think it depends on what the gas company would do with the coins. If they used a payment processor such as bitpay or if they simply immediately resold them on an exchange that could tank bitcoin price. That would draw people's bitcoin holdings and liquidate them. However, if the gas companies sold gas for btc and then held a significant portion of the coins, that would make coins more scarce and have more utility and therefore drive up the price.


TLDR: If they sold them, price would drop. If they hold them price would go up. IMO

Exactly. Good publicity for bitcoin and it's to the masses of the general public. Lets not complain

What bug does multibit have that can cause the loss of all bitcoins?

The US becomes 2.4 billion dollars per DAY more in debt with a total debt of about 17.5 trillion. Bitcoin market cap is about 5 billion. If that helps put it in perspective.

http://www.brillig.com/debt_clock/

If you had people that could invest the 2 million dollars at a time to artificially create the buy wall. But this type of price fixing doesn't seem reasonable, especially with bitcoin being able to freely be tradeable on other exchanges or person to person (which is a good thing). What would happen if the bitcoin price suddenly jumps to $1000 on other exchanges, everyone would remove their $500 buys on your exchange...or if the price dropped to $10/btc, who in their right mind would still keep a buy wall at $500?

Yeah I think the additional benefit from possibly creating a micro bitcoin environment is that these students may very well create new innovations and services that are bitcoin based. MIT doing this could very well be the beginning of something big

The antminer S1 won't ever make its 0.55 bitcoins back. And even though its dollar/ghash looks nice, it uses almost twice the power as the s2 does so over the long term you will be paying much higher electricity costs with multiple S1's

The cold storage can include an electrum wallet saved on a USB + CD/DVD + also on a paper wallet AND remember the seed by memory. I'm not saying the cold storage has to strictly be a brain wallet by any means...

Horde your BTC, keep some in a cold wallet and some in a hot wallet. Trade altcoins if you're also looking to take some risks with possibility of high reward. I would suggest also holding some litcoins and dogecoins. Litecoins due to the 2 minute blocks and good support, dogecoin due to the huge support in the computer geek/social media, I believe dogecoin users actually do a pretty damn good job of promoting their coin.

Paying taxes on assets or gains has nothing to do with being a criminal, it is simply the way the US collects money to pay the interest on our national debt as well as fund projects, army etc. It actually further legitimatizes the use of bitcoin within the US. And it being taxed as a property can actually be beneficial as you may be able to pay lower tax rates that if it were considered to be an income, and thus have to pay income tax.

The way I see it is that fiat currency, ie the USD or any other central banking system, to be sustainable is in an inflationary state constantly. On the other hand bitcoin has a set number of bitcoins that be generated per 10 minutes and this number is never surpassed, up to a maximum of about 21 million. At this point bitcoin will deflate as bitcoins wallets are lost (which may be very small, but still deflation).

In the end if bitcoin does play a major role in the economy as a leading (or "the" leading) currency then you should expect its value and price to increase greatly.

I wouldn't put all your eggs in any one basket, keep some fiat currency, store some of your wealth in bitcoin and see where it goes.

Bitcoin, it is the currency of the future. Who would actually want to make purchases in gold dust and/or bars in this digital world of ours? I'm also not a fan of carrying around a gold dust bag or gold bars in my pockets either....

20 years from now? 0.05 bitcoin IMO. But hell, why not just store away 1 bitcoin in cold storage I'd suggest electrum and also memorize the seed.

Since you have no trust on these forums this is the deal I'd be willing to make you and I can review your service afterwards. You give me an amazon gift card for $30 at a 15% discount in bitcoin. I will then make a purchase on amazon and have it shipped to me (I have amazon prime and it will arrive in 2 days). After I receive my order I will send you the amount of bitcoin we agreed upon, at the exchange rate when you sent me the amazon code.

The reason why I would only make the trade in this fashion is because it is too easy to have a stolen CC and buy an amazon gift code with it, exchange it for my btc and then my order gets cancelled. If you're up for the trade please post publicly in this thread and also send me a PM in case I forget about it. I need to make a $30 purchase within the next 24 hours, so the deal is only good for the next 24 hours. If the time is past 8:30pm PDT on 4/29/14 please do NOT send me the code as I will no longer have a use for it.  

This key is now sold. Thank you everyone for your interest.