Yeah, no worries. I thought maybe you were a "noob" and didn't realize that they can be profitable at this price. Nice to pass it along then.

If the price stays here or goes up, that will be a financially bad decision. (No offense, just saying).
We are at the price break even point, or there abouts.

I just had a look at what "could have been responsible" astrologically for this rise which started on approximately October 14th ish.

What stands out are two transits:
1 - Mars was opposing Venus (Mars adds energy to Venus and Venus can sometimes be thought of as "pleasure without restraint" and is often connected to money.) This was brief and probably just fueled the start.
2 - Neptune started a conjunction around this time (Closing in on 2 degrees, kind of close). Neptune is a bit of the higher vibration of Venus. Both Venus and Neptune can be said to "bring money". I am not making BTC out to be about money (per say) but the rise in it's value is shocking.

Really those are the two from that time period.

Now the recent explosion which started on Nov 3rd:
1 - Neptune has approached closer to Venus, now at 2 degrees 20 minutes (from 34 minutes before).

What is interesting is that this is going to "end" on Nov 14th. Neptune will go "direct" again (has been retrograde) and will not come back this way in our lifetimes I believe.
Anyway, there will be other great rises (imo next year in March and April again) but an interesting thing to kind of track.

late this year, early next year, Pluto starts a conjunction to BTC's sun. Earlier this year this also coincided with the rise and fall (so called "bubble"). Pluto transforms/kills what is not necessary, so it will be interesting to see how that time plays out - Playing true to what BTC is.

IAS

They are not for everyone. Mostly cause the world is pretty sick and being shown truths can fracture a stiff mind.
But generally, for thousands of years, they have proven to be healing (psychedelic plants).
Ayahuasca for instance has healed sooooo many people. The list goes on.

There are for sure smart investors here. But the basis of what BTC is, is about what Satoshi said. The banking system is corrupt. They profit from: war (killing), from the drug trade (Wachovia and HSBC laundered pretty close to a TRILLION I believe), from the drug war, imprisoning people with debt, etc.

Many BTC'ers represent what BTC itself represents, naturally. Good news for planet Earth.

BTC stands for something and those of you out there who have lots, I really hope you help to change the place. We have that power, just need a bit more time.

And the Universe just loves those that take chances on life. It opens doors for you.  (Think Terrence McKenna said something like that before.)

IAS

Brother Rampion, hope you are well!

You bring up a great point. I really wonder about selling some at 700 ish (to make up for my initial investment, or maybe 1/2 of it). Then just watch the next 5 years unfold.

Now, when BTC goes to 10,000 dollars, that is when we need to start giving away BTC's to organizations to change the world. Just think of what Satoshi could do there...
Remember, this is a disruptive technology, let's disrupt.

IAS

ps - Yes, the mining investments were bad for me too. But, we will still make our money back at higher prices, so just look at it as a hobby that pays for itself.

Add to my math, but keeping it simple. If we do 266(top)/73 = 3.64
Then we can say X/269=3.64...   X= $980
Is that our top? 

Thanks for your research regarding the break even points. I believe Barntech said a few pages back that we should be able to run these near 2.5 but higher than that will require special cooling. My calculations showed a 400-500 dollar BTC price to break even. I used a few miner projection sites and averaged it. The hard thing, is the difficulty. I think at least through the next few months we will see steady growth. I mean that has been happening, not crazy to think it continues short term.

But, regarding your bolded comment above. Speculation based on math, well, I guess it is still speculation but it is a fair statement to make. And throw into that "speculation" economics and stock trading, which I have studied for years. And there are many other variables to throw in. So, you can "throw" your speculation word out there, but don't let the word fool you. My projections are based on a variety of factors, including (but not limited to):

TA - I use Gann for price predictions and it has been very reliable for me. It shows me, conservatively, a price of 600-700 next year. Some of my charts show 1000. It is subjective but still pretty reliable within ranges.

Economics - I've studied banking for years. The system is breaking down and they are doing everything they can to slow it down. They are implementing stricter and stricter capital controls on money movement. They are suppressing the price of gold/silver with puts and the "physical leasing" of gold to help ease up on the short supply. They want the dollar to "appear strong". That is enough, it is all a game of belief. (Money in general). They are inflating the money supply at a rate that can't be stopped. If they try they won't be able even pay on the debt. No going back. I can go on here, but the ponzi scheme known as the US Dollar is falling apart.

BTC introduces a new form of a 3rd party entity into banking, that replaces the bank for the most part. (Not the lending). It uses code for verification and not an expensive, slow, institution. It is money based on cryptographically secure mathematics acting as a legal 3rd parts (in a very real sense.)

Countries are buying up BTC now. China is huge, I called this move TO THE DAY weeks ago. I think I shared that with Barntech around when it happened via email. The day the Baidu announcement was made, that was the Chinese government saying "It is on against the US Dollar." Actually, you can go back farther to the 90 minute CCTC (National Chinese Station - Propaganda network) BTC special as another silent approval from the government. India, another lover of gold, will get involved next year or sooner is my bet.

Bitcoin (and cryptocurrencies) are anti-fragile disruptive technologies that don't come along very often. It is a black swan. It attacks one of the main control mechanisms of the elite. Information/communication is one (enter internet to cause havoc). Finance/banking is the other. To talk of how big this is. I can't put it in words. It is end game big, or at least it leads us to that. There will be a fight imo coming up. But the "elite" are on their heels. And unfortunately, they will do anything and everything to stay in power. I hate to think their.
The list goes on, but there is a start.

"Smorgasbord" - In line with the last point, BTC is like nothing ever before, financially speaking. It is a Stock in a sense (you own a virtual piece of the network), an asset (Right now it is primarily this), a currency, a payment system, a protocol (try making that illegal), etc.

So, when we talk of speculation, again, it is a word. This is game changing and to treat it like a stock, it is like treating a nuclear bomb like a handgun. Most people, as with the internet, they just can't see it. Welcome our Black Swan...

IAS

ps - Bookmark this. Taunt me in two years if I'm wrong. Of course BTC can fail via some things out of our control. But if it isn't made illegal, or if there isn't an EMP blast, etc. it is going to the moon.

We will correct for sure (and are pulling back as I type) but it really looks like buyers are in control. This is a very interesting time (for those of you not following the charts and TA - It is crazy). Basically, we have a new "kid" in town - CHINA. Yeah, big kid. And India is waiting in the wings. I think we break 300 over the next couple of weeks and then we pull back down below 300. But it is anyones guess. I will say, if you look at the last month, the "crashes" have been flash crashes. That tells me the demand is there. Drops in price are seen as buying opportunities. The exchanges continue to get DDOS'd. But our Anti-Fragile BTC is growing stronger.

I wouldn't call this a bubble. There are simply not enough people involved (Think about this, that is scary). Understand we are still early adopters. When the masses start pouring in, this is going over 1000, no doubt about it. We will have some challenges for sure as a BTC over 1000 is going to have a lot of people questioning the banks and inflationary centrally controlled corrupt money systems. We do have a battle ahead of us.

A good analogy of BTC and potential demand would be like this: Imagine there is just one publicly traded company. And, it is a financial company that brings security in times of economic crisis. There are only 12 millions shares and a limited number coming. It is an asset, as stock (in the network), a currency, a payment system, etc. Something never before seen - a new class of entity. What happens when a small percentage of the worlds population want it? The math is scary, so some  . And in a few months or less than a year or two, you will probably see other cryptocurrencies follow as people then will realize they missed the boat.

Barntech - Any idea about my question regarding the fans above?

Thx,
IAS

So, I imagine it would be better to blow the air down and not pull it up? I am not sure of the effect this is going to have on cooling (as opposed to blowing across the blades from the side with the back end opened.)

Barntech, is the cooling much different with the current heat sink direction or is it negligable? A bit of a concern as you mentioned cooling is going to be important with overclocking.

Congrats so far and good work in bringing it all together. You are in KNC's class (No BFL or Avalon!) LOL

IAS

ps - BTC is looking SUPER DUPER BULLISH guys. Really, I'm not gonna trade this. The buyers are in control and China is going ape shit. This is something to behold. Another "mine crash" today (hour or two ago) and I knew it was gonna just jump back up - the norm now. Even though the difficulty is up, these rigs might pay for themselves pretty quick if the price doesn't let up. I'm thinking a Mini Plane can generate 4 or so coins in a year, maybe 3. At 1600 or so for the mini plane, a BTC price of 400-500 should break us even. That is going to happen before April imo.

I forget the site, but there is one that shows the most profitable coins to mine. BTC is usually #1 from when I checked. So, even mining a fraction of a BTC and then buying some PPC is usually better than mining PPC. But, if you find a coin you believe in, then mine it for sure. (And double check my words)

IAS

It is a game of balance right now. If the difficulty level goes up 30% every 10 days, then a quicker delivery at the cost of hashing is warranted. But Barntech said things are hashing well. So, right now, it is just a matter of the assemblers and such. Hopefully we see some shipments at the end of the week. Pretty exciting but also a bit sad with the rate screaming up. Miners bought now (from anyone), really only have a few months of "real life" to them.

I got my Power Supply today and fan! Man they got smaller. Like half as big as I remember 10 years ago.

IAS

I was wondering if what they said was even possible. I never heard of hiding found blocks and the like.


Can you mine FROM a "hidden" block? This makes no sense to me.

A $4500 Monarch will be lucky to make $600 back if it starts mining in February. And with BFL that is a big IF.
http://mining.thegenesisblock.com

Great replies guys! Thanks so much for taking the time.

I have been playing around for around 30 minutes now and can't get it going on my mac (fully). I am just not proficient on it like Linux.
Anyone know the mac commands for what pointbiz wrote?

Thanks again, much appreciated,
IAS

Hey Razibuouzou,

Been a while, just started using your site again, wow, come a long way.

You know, I've been looking for a USD BTC volatility chart. I've seen it mentioned before on the Genesis Block but can't find a chart like that.
I think it would be really beneficial as an extra aid to look at before breakouts.

Here is a bit of a description on them. http://bitcoinmagazine.com/6543/bitcoin-volatility-analysis/
If not, do you know where I can find a USD BTC volatility chart?

Keep it going,
IAS

LOL, that is the way to handle it. Call them out and reflect back to them what they are doing. (At least it gives them some perspective.) If they are bothering you about 40 bucks, their real motive is pretty clear. Close those accounts and move them.

BTW - Volksbank Raiffeisenbank Nürnberg in Germany has no problems with transfers into Stamp. Usually take 1 or 2 days, 3 at the most.

Very very true. If you mine but one coin with a 400 dollar miner, you are close to breaking even when BTC is 400 dollars. Yes, it is more profiable to just buy a coin but at this stage in the game, it is a hobby that will not only pay for itself, but my bet is it will REWARD you handsomely. Make sure to paper wallet that first BTC you mine!

IAS