A while back, shortly after KNC made their announcement I believe, AT said their units woul be expanable via more cards (not more chips per say). So, they are sending their units full of cards now, I am pretty sure.

Thanks for mentioning the update. Sounds like a compromise. I was actually looking forward to the cloud hashing but I'm good
with a 50Mh unit, that is 10X the original amount, but that is what the market demands it seems.

The only bad thing is I already sold my Raspberry PI and that sort of sucks as I have to buy another and reinstall everything and such.
Also, not familiar with running anything outside of MinePeon. Any ideas here guys, should I go with (forget) the other Raspberry Pi like unit - beagle something or other lol?

Regarding making the changes, I think that is easy for them to do. They are just taking out the brains of the unit ad the display. That takes no work on their part.
And the units were designed to add more hashing power to, looks like they will now come full!

Vesperwillow - I don't agree with all of your points. For sure they felt the heat but that is not a secret, that is a part of the industry. Giving more hashing and taking away
the before mentioned features saves money and the chips are pretty cheap to make. They are just filling the units with more boards. The only increase in efficiency will
be what they have taken out, outside of that the units will use a respectively calculated amount of electricity more, nothing surprising there.

IAS

You get to reflect back, years from now, on how your endeavor with Cryptos failed. But on the bright side they succeeded. 
And it is a write off.

But to be honest, I really really doubt the batch is going to be bad. That is like praying for bad stuff to happen...

Any info/links on these new upcoming X11 coins? Names? Thx in advance.

I do think the 2.0 (programmable) coins/networks like Ether are going to bring something a bit difficult to comprehend. Not sure about
them as an investment, but I imagine the one that succeeds will do well. The event horizon is just so hard to see past...

And what is that % of bots relative to the "legit" miners? 10%, 40%, 90%, etc?
This can be a serious consideration. If Cryptos become a threat then it is super easy for e.g. the government of a country to mandate the implementation of bots, etc. LOL
There could theoretically be situations where bots would control more of a Crypto than miners. And then that could be tied to terrorism, etc. We need to look closer at this.

I see no debate about this, just dismissing bots. To bring fairness to the discussion, let's not gloss over it.

Quite simply, we don't know the effect of bots. And brainstorming seems more productive than ignorance.

Its about sharing

Nice Chart and very telling. Hope it plays out the same way...

(and drawingthesun)

I realize what you say but you still really haven't gotten to the heart of my issue. I'm not super concerned about dumping coins (I agree with your points). I'm concerned their might be more
"bad" miners (bots) than "good" miners. Again, this might be a good thing as you can't exactly attack a network that some don't even know exists (on their computers.)
A bit of a Matrixy argument. I really don't know here. I'd say I'm more on the side of a few CPU coins existing actually (and loved Quark but the one thing I was worried about was this issue
of bots which really hasn't been investigated.)

I think when the ASIC's hit, it is going to solidify LTC as the #2 coin, especially after Doge is getting slammed (Which I think is good for many reasons.) Perhaps a CPU
based coin is number 2 for a bit, but I think the big money is going to continue to move in and offer clients a choice  - The leader and big dog - BTC, and then a cheaper
and faster alt - LTC.

Back to bots, as I said, this might end up being a good thing, but what are the bad things? I think we need to look into this further. And I realize lots of BTC's have been stolen, and that is
essentially the same thing (e.g. raising dark money for whatever purpose, theft, etc.).

So, what can the implications of bots be on coins? (Good and Bad)

Its about sharing

I see you only disagree with that part. What about the botnet part? I'm really curious here as I like the idea of CPU coins for a distributed network but wonder about the long term viability. Even then, we are talking distribution of coin once the hackers dump, but not a preferred method and it brings other problems of course.

Thanks for the reply, especially that 2nd paragraph. I had no idea and wish that had been communicated (if indeed true in this instance.)
Hopefully it works out for us in the end (and to be honest I think things are so early that if you just have a handful of coins in a few years, it will)...
Anyway, hoping that the quality is up to par and that the design was pretty straight forward and works!

Its about sharing

One huge problem with all CPU coins and that is bots. What about viruses, etc. infecting computers and having them serve as miners for DRK, MRO and other CPU coins?
Not 100% bad as it does strengthen the network but it can lead to problems later on. I could hear the department of homeland security now. But then again, any
anonymising technology (e.g. darkwallet), will probably cause similar reactions.

IAS

I wonder if there is a way, by looking at the volume (patterns, times, etc.), to see if e.g. Darkcoin is actually seeing "real" money come in or if it is a pump and dump?
I'm truly interested in finding where all the hashing power is going to point to once the LTC ASIC's are in full swing. I think that will be our number 3, but perhaps it
will be divided initially...

They stated they are not in the business of cloud mining. Was done as a service to customers to give more hashrate. Also, if you send your unit in for repairs I imagine they can temporarily give you the equivalent in cloud hashing. (But my thinking, not theirs)

Further, they stated that the cloud hashing would be later (no date yet known), so customers would receive their units before the cloud is even working.

Fiaz stated they paid extra (20% I think it was) for a faster taping.

BTW - You posted your links wrong, have a closer look....

I'm not sure Darkcoin is a pump. The volume is in the thousands of BTC daily.
My first thought/intuition when I saw Darkcoin at .005 a few weeks back was this "Hmmm, I think this coin might be a prime way of laundering stolen bitcoins. It also might attract people who want more anonymity, not to mention it sounds cool."

If this is a pump, it is a pump with LOTS of money behind it. I haven't followed prior pumps before, and am not sure of the BTC volume, but 3,000 or 4,000 bitcoins a day is a fairly large volume. Doable for sure.

My larger question is this:
When Bitcoin went the way of ASIC's, it basically helped to solidify Litcoin as the number 2 coin. But now ASIC's are coming into LTC, and imo this will eventually make it Wall Streets #2 behind bitcoin. (We are so early in, I really think there will be a few taken in by the masses.) Anyway, my question is "Where does all the GPU hashing get pointed at now?" Darkcoin is basically a Quark
clone. I liked that coin but my problem with CPU coins are that they are very open to Bots and though that has it's benefits (lots of hashing!) it also means lots of viruses and such trying to mine it via peoples computers.

There is going to be a clear number 3 coin, which one will it be? If Darkcoin isn't a pump it sure looks like a possibility. I wonder about VTC as well. NXT and Etherium as 2.0 coins are interesting.

If you have limited funds, finding that #3 might be the way to go. And risking a small amount, % wise, might be the way to go.

I'm 80% in Bitcoin, 20% in LTC and think it would be a good decision to put 5% into 2 or 3 alts.

Its about sharing

Having a quick look at the chart, let's just say if this was a person they would have lots of things to work through in life.

All those hard angles are tensions and something will have to give eventually.
But sometimes they are actually good. e.g. Jupiter opposite Pluto can charge pluto up, not like Mars mind you, but with Benevolence, only like Jupiter can.
Square to Jupiter and Pluto (and a little bit weakly) is Mars and Uranus. This 4 planet configuration is known as a Grand Cross. It is a doozy. (Venus is somewhat in there as well, conjunct Pluto - that adds some softness.) A strong 5th house in a person often would be a very artsy cat, but Pluto brings power and Venus just magnifies the creative/arts aspect. Just have to apply this to a crypto!

Mars is in the 2nd house, often quite connected to money and it has some very difficult aspects as noted above. Not sure but I would say rough times are ahead, but the same can be said for all the cryptos as far as I'm concerned (astrologically). Interestingly Mars square Pluto is often connected to a tense sexual nature (quite charged but difficult to express.) Perhaps, and rightfully so, DRK will find a niche in porn, after all, it is anonymous.

Saturn in Scorpio in the 3rd house would mean there are some lessons regarding communication, information, etc. But that Scorpio energy can be dark, very taboo, sexual, etc.
But, DRK can be quite solid regarding what it does, nice placement.

Pluto, Venus and the Sun in its 5th house would come across as a VERY powerful (albeit egotistical) individual. One that flaunts itself.
Not someone you would want to cross with Pluto there imo.

It is just a super explosive chart. Understand, astrologers all over are talking about the time we live in as revolutionary and full of change. So anyone born
during this time, or any event happening e.g. Darkcoin, shares in this. (As do other alts created at this time, so we (I) will have to take a much closer look when I have time.)

I actually like the coin, just a rocky road ahead imo.

Thanks for the post Otoh,
IAS

Some Points:
Over 1600 views and only 35 people took part in the poll.
The Poll conveniently lists the highest price at a Fonzie generated $250. Not really a poll eh?
Fonzie has a history of Fear mongering.
Investigations would be apparent in a few ways and at that point people would buy btc as it is easy to move btc than USD.

There is some very large money getting involved in Bitcoin, so if the powers that don't be want to take it down, they should do it yesterday.

Recent news in favor of Bitcoin:
The FED is now involved in Money Laundering through EU countries to quell the bond bleeding.  http://www.paulcraigroberts.org/2014/05/12/fed-great-deceiver-paul-craig-roberts/
Silver Fixing to end this August: http://www.theglobeandmail.com/report-on-business/international-business/european-business/historic-silver-fix-bites-the-dust-as-banks-pull-out/article18655682/
Russia and China to do oil trading in Non USD's, 100's of Billions http://www.zerohedge.com/news/2014-05-20/china-signs-non-dollar-settlement-deal-russias-largest-bank
Deutsche Bank trying to raise 8 billion. Hey, we already no they are illiquid http://uk.reuters.com/article/2014/05/18/us-deutsche-bank-newissue-idUKKBN0DY0IM20140518

So, regarding this thread:



But always good to stay on your toes.
Its about sharing

Great question and I'm afraid I've just fallen into the habit of using linear charts on the daily.
But, I have to play with it (Log) now, especially on my weekly chart.
Thanks for the idea!

BTW - I backtested different scales and found this one (6:1) to be the most reliable. But it varies.

Edit - I just tried and I can't lock the scale with the log chart. In other words, no way to reliably save the chart. And, it doesn't look good technically, at least regarding this move.

My Gann chart is interesting. Worked extremely well in the past for me. Note how we bounced just as we were about to hit green resistance. The black and red lines above would be the next resistance levels.

The ironic thing is, his single digit bitcoin's value has more worth now then his 10's of thousands did back then. Actually, 1 BTC has more worth now then back then and by a factor of ?

This guy should team up with Casascius or the like and put out autographed coins, pizza boxes, etc. as I honestly think there is a market for it.

Laszio - Congrats to you for helping to get Bitcoin started in a way. And further congrats for being so down to earth and not grumpy about "losing net worth" or the like.

Its about sharing

You should probably qualify that statement. Do you think one should sell all their coins with the hope of buying back in later, or perhaps a portion?

I would be extremely careful of selling too many off with the hopes of buying back in later. I do think we are heading lower, but one can never be certain.
And on top of that look at the global climate, the banking system, etc. A down move may be coming but if the FED is forced to launder money through
Belgium again to buy bonds in order to stop a dollar collapse ( http://www.paulcraigroberts.org/2014/05/12/fed-great-deceiver-paul-craig-roberts/ ) then this
can turn on a dime and a lot of people would do anything to get coins again at sub 1000 levels. Lots of other things can happen economically...

On the one hand, yeah, trade and try to pick up more coins.
On the other hand, don't get greedy. Big picture here...

Then again, not enough coins to go around, so sell, after all -
Its about sharing