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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Otaci
Newbie
 Offline
Activity: 41
Merit: 0
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April 17, 2013, 11:27:47 AM |
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Courtesy recap of potential winners:
| bitsalame | BTC60 | | JHenderson | BTC53 | | JHenderson | BTC53 | | JHenderson | BTC53 | | GreatBug | BTC50 | | LainZ | BTC50 | | BlackLilac | BTC46 | | BlackLilac | BTC46 | | BlackLilac | BTC46 | | camolist | BTC45 |
Time left: Timer removed. End time: 2013-04-19+16:00:00 2@36.5
They're already well beyond 36.5 |
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kano
Legendary
Offline
Activity: 4494
Merit: 1808
Linux since 1997 RedHat 4
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April 17, 2013, 11:32:46 AM |
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...
It's easier to rise difficulty 16% when the value is 4M than when the value is 8M. And you are claiming difficulty will rise 16% when it's sitting at 34M.
1.16 ^ 10 = 4.4 9,000,000 diff = 64TH/s So you seem to think that the network being 280TH/s in 10 months is far from likely? |
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kano
Legendary
Offline
Activity: 4494
Merit: 1808
Linux since 1997 RedHat 4
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April 17, 2013, 11:34:54 AM |
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Arrrgggghhhhh made a mistake  10 is only 4 months  (10 x 12 days) Hmm - well yeah that is certainly pushing the limits of what it could be in 4 months - but still not ridiculous. |
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JimiQ84
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April 17, 2013, 11:38:52 AM |
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Arrrgggghhhhh made a mistake 10 is only 4 months (10 x 12 days) Hmm - well yeah that is certainly pushing the limits of what it could be in 4 months - but still not ridiculous. It's possible, probable even. But not certain. I'm just saying that the last rise of 16% means deploying 40TH/s in 12 days (faster actually, 'cos new difficulty is calculated from mean value of those 12 days). That seems ridiculous. |
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dogie
Legendary
Offline
Activity: 1666
Merit: 1183
dogiecoin.com
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April 17, 2013, 11:51:42 AM |
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2@51
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Oshero
Newbie
Offline
Activity: 28
Merit: 0
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April 17, 2013, 12:10:26 PM |
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1@48
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dykast
Newbie
Offline
Activity: 59
Merit: 0
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April 17, 2013, 12:29:47 PM |
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Just wanted to interject into this thread as I think it is important to note. Buying 10gh/s worth of GPUs would cost way more then this. And on top of that would require 10x + the power.
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1225
Away on an extended break
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April 17, 2013, 12:37:07 PM |
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Courtesy recap of potential winners:
| bitsalame | BTC60 | | JHenderson | BTC53 | | JHenderson | BTC53 | | JHenderson | BTC53 | | dogie | BTC51 | | dogie | BTC51 | | GreatBug | BTC50 | | LainZ | BTC50 | | afro25 | BTC50 | | Pinwheel | BTC50 |
Time left: Timer removed. End time: 2013-04-19+16:00:00
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Oshero
Newbie
Offline
Activity: 28
Merit: 0
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April 17, 2013, 12:37:52 PM |
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1@52
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1225
Away on an extended break
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April 17, 2013, 12:41:02 PM |
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This is a chance to get in the ASIC race cheaply - bid guys! Courtesy recap of potential winners:
| bitsalame | BTC60 | | JHenderson | BTC53 | | JHenderson | BTC53 | | JHenderson | BTC53 | | Oshero | BTC52 | | dogie | BTC51 | | dogie | BTC51 | | GreatBug | BTC50 | | LainZ | BTC50 | | afro25 | BTC50 |
Time left: Timer removed. End time: 2013-04-19+16:00:00 |
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dan99
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April 17, 2013, 12:43:40 PM |
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2@5
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1225
Away on an extended break
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April 17, 2013, 12:44:51 PM |
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
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April 17, 2013, 12:46:03 PM |
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Someone who only read the first few posts probably.
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davos
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April 17, 2013, 01:00:35 PM |
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physalis
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April 17, 2013, 01:01:51 PM |
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Someone who only read the first few posts probably.
Or someone who hopes that all the higher bidders won't pay |
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
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April 17, 2013, 01:04:02 PM |
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There's pretty much no chance that a few dozen bidders won't pay.
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Jimmy2011
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April 17, 2013, 01:19:32 PM |
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2@66.5
Or
2@26.5
Is it ok if I bid anyone above?
That is:
Case 1: I bid 2@66.5, then my previous 2@36.5 are canceled, and now my bid is 2@66.5;
Case 2: I put 2@26.5, then my previous 2@36.5 are canceled, and now my bid is 2@26.5.
Am I right?
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SebastianJu
Legendary
Offline
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
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April 17, 2013, 01:25:39 PM |
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2@66.5
Or
2@26.5
Is it ok if I bid anyone above?
That is:
Case 1: I bid 2@66.5, then my previous 2@36.5 are canceled, and now my bid is 2@66.5;
Case 2: I put 2@26.5, then my previous 2@36.5 are canceled, and now my bid is 2@26.5.
Am I right?
Anyone above? The first bid would place you on top of the bidderlist. 2 units, each for 66.5, the second one would practically delete your bids because the price is lower then all bids. |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1225
Away on an extended break
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April 17, 2013, 02:04:44 PM |
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2@66.5
Or
2@26.5
Is it ok if I bid anyone above?
That is:
Case 1: I bid 2@66.5, then my previous 2@36.5 are canceled, and now my bid is 2@66.5;
Case 2: I put 2@26.5, then my previous 2@36.5 are canceled, and now my bid is 2@26.5.
Am I right?
Anyone above? The first bid would place you on top of the bidderlist. 2 units, each for 66.5, the second one would practically delete your bids because the price is lower then all bids. Only the first is accepted here - else anyone can cancel their bids effectively by bidding ' 2@0.000001'. |
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