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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: JKC - The Scrypt Coin with Super Blocks on: December 22, 2013, 08:28:01 AM
I'm also seeing "Mandatory Upgrade to Litecoin 0.8.6.1+." everytime I start Junkcoin-qt.  Anyone have a solution?  I have already upgraded my litecoin wallet but still see this message in Junkcoin.

This is an issue that many altcoin clients have/had.  The devs did not change the key for broadcasts and hence are listening to messages sent on the Litecoin network.  This is fairly simple for devs to fix in the client.

It's a little annoying but will not affect the operation of the client whatsoever.
2  Economy / Speculation / Re: When do you think BTC will skyrocket again? on: December 22, 2013, 01:00:48 AM
What's your definition of skyrocket?  For me it skyrockets every few hours.

If you're asking when it's going to hit $5,000...well if you look at the charts, you'll see that price surges to about 400% of the previous high roughly 4 months after the last major retrace.

Disclaimer: Past performance is not indicative of future success.


Thanks!  Do you believe the winkle twins that it will hit 40k?

Without a doubt.
3  Bitcoin / Mining / Re: $2 million+ bitcoin mining facility launched in Iceland on: December 22, 2013, 12:53:38 AM
They'll barely get a ROI given that the difficulty will soon rise again. Would have been better to just buy $2 million of coins from an investor.

That's fairly narrow minded.  Diff increases, but so does something else.  Think hard enough and it might come to you.

I am going to guess network hash rate?  Grin

I guess he means price. That was hard work, should have put an ice pack on my head while thinking about it.

My 2 cents worth - Difficulty increases, but so does something else - the fully diverse p2p nature of the system.

Of course I was being a bit sarcastic. Smiley

I'm wondering what you mean by the fully diverse p20 nature of the system.  Adoption?


I just keep thinking that the higher the efficiency, the power and cost of every new generation of equipment, the fewer miners will be out there because they can't compete. This seems like we will soon know where the Bitcoin mining hubs are - 15% of the network is expected to be in one place in Iceland according to this report. Others my follow.

When you know where the majority of the hubs are, you stop having a true p2p system and instead you have something where governments can go and unplug the network. That would be ok if there are enough networked pc's out there to take over, but what if the majority switch off their machines, sell their equipment, etc?

I'm not an expert in these things - I just think it looks a risk factor for the future stability and prosperity of the currency.

You have a point.  The transition to ASIC's scared me just for this reason.  Bitcoin is going through a period where security has declined substantially since the days of purely GPU mining.  It's changing though and I feel that it will diversify further, just give it some time.

If Bitcoin survives this, it's only going to strengthen it in the long run.
4  Bitcoin / Bitcoin Discussion / Re: Would you store all your wealth in BTC? on: December 22, 2013, 12:48:10 AM
All my wealth is in Bitcoin, though all of it has come from mining and trading.  For the past two years I have been living in a dirt cheap apartment, eating noodles, and barely going out.  I'm extremely fiat poor but have resisted any temptation to sell my coins.

I'm now trying to decide how I'd like to retire.
5  Bitcoin / Bitcoin Discussion / Re: On a scale of 1-10, how important is Bitcoin in your life? *poll* on: December 22, 2013, 12:37:01 AM
on a scale of 1-10,
1 as in a scrap of toilet paper on the street you walk by,
and 10 being your entire family and children and friends and career and life purpose all rolled into one.

how important is bitcoin in your life?

A scrap of toilet paper here in China would be ranked a 10 in my books. Ever been to a public toilet here? Wink

My livelihood is based solely on Bitcoin and surrounding technologies, so BTC also gets a 10 for me.
6  Economy / Speculation / Re: When do you think BTC will skyrocket again? on: December 22, 2013, 12:33:30 AM
What's your definition of skyrocket?  For me it skyrockets every few hours.

If you're asking when it's going to hit $5,000...well if you look at the charts, you'll see that price surges to about 400% of the previous high roughly 4 months after the last major retrace.

Disclaimer: Past performance is not indicative of future success.
7  Bitcoin / Mining / Re: $2 million+ bitcoin mining facility launched in Iceland on: December 22, 2013, 12:23:12 AM
They'll barely get a ROI given that the difficulty will soon rise again. Would have been better to just buy $2 million of coins from an investor.

That's fairly narrow minded.  Diff increases, but so does something else.  Think hard enough and it might come to you.

I am going to guess network hash rate?  Grin

I guess he means price. That was hard work, should have put an ice pack on my head while thinking about it.

My 2 cents worth - Difficulty increases, but so does something else - the fully diverse p2p nature of the system.

Of course I was being a bit sarcastic. Smiley

I'm wondering what you mean by the fully diverse p20 nature of the system.  Adoption?
8  Economy / Service Announcements / Re: Inida opens new exchange on: December 22, 2013, 12:12:32 AM
I'm surprised it took this long.  India has a lot of talent that can be exploited for developing even further Bitcoin related technologies.  Not to mention, there's huge money there.
9  Bitcoin / Mining / Re: $2 million+ bitcoin mining facility launched in Iceland on: December 22, 2013, 12:08:11 AM
They'll barely get a ROI given that the difficulty will soon rise again. Would have been better to just buy $2 million of coins from an investor.

That's fairly narrow minded.  Diff increases, but so does something else.  Think hard enough and it might come to you.

I am going to guess network hash rate?  Grin

Nope.  Think waaaaay outside the box.   Wink
10  Bitcoin / Bitcoin Discussion / Re: VISA and Mastercard vs. Bitcoin on: December 21, 2013, 11:57:13 PM
BTC cannot and will not compete as a payment processor.
BTC lacks the ability to handle the sheer volume of transactions that the world needs.
I doubt BTC could handle Paypals daily load effectively,
we would be resorting to fees or long confirmation times.
It is important to note: current payment processors charge the merchant the fee.
In the case of BTC the consumer would be responsible for the fee/long confirmation time.

Nonsense.  You're making some broad and uninformed declarations.

We already have a major global player - Apple - refusing to allow Bitcoin transaction related apps on their iOS platform. If they can do this, what is stopping the global credit card players from taking a similar stance?

I use MT4 on my ipad to trade Bitcoins, and there are a few apps providing info and alerts for Bitcoin as well.  Is it just wallets they won't allow?
11  Economy / Scam Accusations / Re: Misspelled web site (cyrptsy.com) is a potential phishing site on: December 21, 2013, 11:48:04 PM
They might have better success if they relayed a live version.  Even 2fa wouldn't protect you then.
12  Bitcoin / Mining / Re: $2 million+ bitcoin mining facility launched in Iceland on: December 21, 2013, 11:43:30 PM
They'll barely get a ROI given that the difficulty will soon rise again. Would have been better to just buy $2 million of coins from an investor.

That's fairly narrow minded.  Diff increases, but so does something else.  Think hard enough and it might come to you.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: [Frk][Newbie][Giveaway] limit 50 on: December 21, 2013, 12:40:38 PM
FUVDvWnZeewUtKRvncjxFDFEfjANrvcFqY

Done.  Good Luck!
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the 5850 Cards The best there are For mining? on: December 20, 2013, 07:26:59 PM
I mine with both 5850's and 5870's and think they're definitely a great choice.  For bang vs. buck they're probably the best choice.  I am running 36 of them myself.  

I did buy 15x 7970's a short while ago and just had problem after problem with them and ended up returning them to the manufacturer for a refund.

One thing to consider is that even identical cards may yield different results in terms of hash rates and temperatures. Some of my 5870's hash at 440kh/s at around 60 degrees, while others run at 80 degrees hashing at 380kh/s.

Same goes for the 5850's.  A few of them I have to downclock to 280kh/s to keep temps around 80 degrees while others run close to 400kh/s and I can't get them to run above 60 degrees no matter how hard I push them.  

You would think cards coming off the same assembly line would be identical to each other in terms of operation, but that's just not the case.  I guess as long as the manufacturer feels they meet a certain benchmark, they're ok to go.

Either way, go for it.  At 100 bucks a piece, that's not a bad deal.  I get mine new directly from a manufacturer in China and pay only slightly more than that.  
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is Deutsche eMark skyrocketing? on: December 20, 2013, 03:41:03 PM
Looks like it's retracing lower now.  Probably wait for it to drop to around 0.006 before buying back in. burning my money.

FYP

Sorry I missed a 0.  I've edited my post.

What is FYP?

Fixed your post.

Lol. Nice Wink

Yeah, but it's worth a quick 50% return on a small buy if you get in low before the pumps.  Just gotta be patient and try to judge it right.  I don't know anything about this coin, but saw the opportunity at 0.0006 and I hope to get lucky enough to enter a trade there again and see if it can make one more bounce to the 0.0008 region.

We'll see.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is Deutsche eMark skyrocketing? on: December 20, 2013, 03:35:59 PM
Looks like it's retracing lower now.  Probably wait for it to drop to around 0.006 before buying back in. burning my money.

FYP

Sorry I missed a 0.  I've edited my post.

What is FYP?
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is Deutsche eMark skyrocketing? on: December 20, 2013, 03:34:18 PM
Looks like it's retracing lower now.  Probably wait for it to drop to around 0.0006 before buying back in.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: MC2 ("Netcoin"): A cryptocurrency based on a hybrid PoW/PoS system on: December 20, 2013, 03:00:45 PM
Seems like Netcoin is really gaining traction.  Price is steadily rising and the network hash rate is over 300 MH/s.  I've watched this coin for a while.  The coin is fairly mature at this point and I suppose the exposure on coinmarketcap gave it a kick.  Good times for Netcoin. Smiley
19  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: December 20, 2013, 02:50:18 PM
Why can't I find Netcoin (NET) on Coinchoose?  Network hashrate is at 302 MH/s and price is soaring on Cryptsy.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: SXC Sexcoin price manipulation on: December 18, 2013, 04:35:49 AM
I sold some Sexcoin and moved price down by 0.001.  It continued to drop somi though I'd now buy some.  My buy now moved the market up by 0.001.  I manipulated the market.  So now it's a scam?

If you see the same market movements now as you saw before and you feel the price will go up, why don't you buy some?
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