Because there is no guarantee difficulty is related to bitcoin price.  After difficulty it did cut new supply by 30%, but that new supply is slowly building again.   

no downtime overnight.

From page 1 +1

Just look a how big your blkindex.dat and blk0001.dat increase everyday.  That is 2 MB per day.  They will be 1 gb at the end of the year.  So a fresh install might take you 3 hours to download the whole index.  That is already too big imho, and will double soon after that.  Downloading 1 days blocks already takes 10 minutes.  The idea of letting the big companies run the show could work, but 1) it is not done yet 2) it centralizes bitcoin, my as well use paypal.   Then you talk about light clients, they don't exist.  Then you say disk space will increase faster than bitcoin, it does not matter.  The reality is if you take todays bitcoin economy and 10x it you are now talking 20 mb per day, making bitcoin unusable for most people and most would never download the massive "virus".

You can clean out all the history as you only really need to know the last owner.  You can require people to maintain the whole block if they are to get transaction fees. If you go to sizes less than 0.01 then you can increase the block even faster.  Most responses so far are to sweep it under the carpet.

Why it has never been more profitable to mine.

I think you should have

Pool Information
o Block Statistics
o Hall of Fame
o Api Support

BTCGuild
o What is BTC Guild
o How to Connect
o FAQ - Frequently Asked Questions

If there is a flaw in the system.  I doubt anyone would tell the flaw until they cash out.

ufasoft.  The line in OP above or standard settings gives the same rate.  I will check overclocking speeds when I return the motherboard tomorrow for a new released z68 board which allows overclocking and onboard graphics.  But, you can still put in a 5850 or something and still mine to give a little xtraboost.  Intel is suppose to be coming out at end of year with a new processor that supports directx 11 - ivy bridge.  I have an H67 board that does not recognize the Intel 3000 correctly and does not allow overclocking.


from deepbit page.
CPU :: Ufasoft's SSE2 miner
Example:
bitcoin-miner.exe -a 5 -o http://deepbit.net:8332 -u example@example.com -p password

I get 17.1 Mh/s on a non overclocked 2500K sandy bridge.   I figure 1000 Mh/s will generate 5.11 bitcoin over 24 hours, at $5 per BTC that is $31.95.  Thus 17.1 Mh/s will generate about $0.55 a day.  The processor cost $209 but can be on sale for $199.  Thus, a month it will generate $16.50 in BTC, or about 3 BTC.  A year of use will give a free microprocessor (assuming no BTC crash).

pull out the nvidia card to test or try one card.   It has to be a high-end card for it to work. 

It might be.  It is designed to have only 21 million coins.  But who knows if there is a flaw in the system.  Also, if the government takes it down, then yes it is a ponzi scheme.

It is more profitable to mine bitcoins now than in January, February, March, or April.  Reason price rose. 

Land can be considered a currency that has a fixed supply.  You can still buy land in the United States.  The land economy is still valid.  Yes, there is deflation but who cares.   In a city land is divided into smaller and smaller units.

The real danger is central banks stealing money in a period of deflation.  Since prices are dropping, they can inflate and their crimes would go unpunished.

You can say that.  But what if you start a shop and want to accept bitcoin as payment.  From what I read that is illegal.  Thus, you start a website and then the domain is seized by the DOJ, just like poker.  Maybe tomorrow you will find bitcoin charts, deepbit.net, and this website all seized.  It happened in poker.  Maybe you have to pay a $50,000 fine and spend 5 years in prison.  Defense attorneys are expensive.  Would you not like to know what is legal and what is not before you actually start a bitcoin web shop?

I don't know if this works I never ruined part that I know of I build computers in bare feet.  Also, if the plug is grounded is not the whole board grounded? 

Well we all laughed at the post when he bought them.  However if he was not a troll he bought most below $1.50.  You can transfer to yourself or another client.  If I owned those I would get another computer start up another client and transfer them.  Then your bitcoin client shows 1 transaction with 200,000 BTC.

You have to hand it to him, he made a house in 7 days, but if he flooded the market with those the price would drop to $1.

I highly doubt they would do that.  They only want to stop bitcoin use, they don't want to cut their customer base.  Paypal is always first to go, as in the poker world.  They just don't want to be part of the bitcoin system legal or not.

So a Bitcoin miner would qualify, then.
[/quote]

What about Gold or Topps Baseball Cards or Pokemon cards and their manufacturers.  Bitcoin mining is not really even mining it is distributing bitcoins already created.

I just thought of a horrible reason for bitcoin.  I think I read about it somewhere else already.  It is a waste of electricity.  There is no reason someone can't make a centralized currency with 21,000,000 of the currency outstanding and use only 1 KW for the entire safe secure system.

BTC is approaching 1000 Gh/s.  At 2Mh per watt.  That means 500 KW to run the current system, enough for a 100 homes.

No Termites. 5% of the crust is iron. Wont burn. Wont rot.

Even with increased difficulty

BTC value per day at 1GH/s
1/20/2011   $16.29
2/8/2011   $25.98
2/28/2011   $17.76
3/1/2011   $12.15
3/17/2011   $8.08
4/3/2011   $7.54
4/15/2011   $9.34
4/18/2011   $9.43
4/26/2011   $14.06
4/30/2011   $24.95

dont buy mine!