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savetherainforest
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July 15, 2016, 05:53:23 PM
Last edit: July 15, 2016, 06:59:24 PM by savetherainforest |
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Supply reduced by 10400 BTCitcoins since halving!Just that thought makes the growing pains of miners grow!  I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder! Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike! With ASICs I don't think it would matter if you convince a whole country to mine with computers, because they would get just a small hashpower and would mine nothing in practice It is not about the gain! But for many... just like me I keep the computer On and running for 80-90% of the time all month! And even if I get 0.0005 per day or even per week! It would still be worth it. And having 1 million people doing the same thing ... That would mean 182500 coins per year! ... Who cares? It is just electricity! We pay it anyway! Spiting the mining supply is a good reason enough! |
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kobilica
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July 15, 2016, 05:57:01 PM |
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Though I was thinking about wallets that would process transactions, wouldn't that be quite a speed up? I mean, if everyone with Android phone / laptop, that has wallet on, would process transactions. But afaik a processing/mining node needs to produce block and that is costly, right?
Nope, that wouldn't work I think.
On side note, price is the most stable today compared to last month.
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JayJuanGee
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Activity: 4074
Merit: 12138
Self-Custody is a right. Say no to "non-custodial"
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July 15, 2016, 06:19:50 PM |
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That is a bit better argued than his normal misleading posts. He doesn't deviate so much from facts in his attempt to denigrate bitcoin, yet his emphasis of bitcoin's non-tangibility and failure to add value because of it's "pure" speculation seem to be exaggerated attempts to play into fear of the unknown and fear of the innovative nature of bitcoin. |
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macsga
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Strange, yet attractive.
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July 15, 2016, 06:33:40 PM |
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That is a bit better argued than his normal misleading posts. He doesn't deviate so much from facts in his attempt to denigrate bitcoin, yet his emphasis of bitcoin's non-tangibility and failure to add value because of it's "pure" speculation seem to be exaggerated attempts to play into fear of the unknown and fear of the innovative nature of bitcoin. I really wish he has some BTCs stashed for the upcoming post September 2016 Bankmargeddon... (Financial) Winter is coming professor. Get yourself a coat.  |
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600watt
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Activity: 2338
Merit: 2106
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July 15, 2016, 07:06:08 PM |
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That is a bit better argued than his normal misleading posts. He doesn't deviate so much from facts in his attempt to denigrate bitcoin, yet his emphasis of bitcoin's non-tangibility and failure to add value because of it's "pure" speculation seem to be exaggerated attempts to play into fear of the unknown and fear of the innovative nature of bitcoin. I really wish he has some BTCs stashed for the upcoming post September 2016 Bankmargeddon... (Financial) Winter is coming professor. Get yourself a coat. what a prick. i knew it. but didn´t think he would go that far. what idiots like him do not get: they are making bitcoin more resilient. every crusader that is not able to kill bitcoin will one day realize that he has been used as a free sparring partner. |
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nioc
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July 15, 2016, 07:07:14 PM |
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We know 8 is a very lucky number to the Chinese.
What I learned today is that 6 is the second luckiest number.
Maybe it's not sat in.
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SkRRJyTC
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Merit: 1000
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July 15, 2016, 07:22:19 PM |
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Supply reduced by 10400 BTCitcoins since halving!Just that thought makes the growing pains of miners grow! I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder! Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike! With ASICs I don't think it would matter if you convince a whole country to mine with computers, because they would get just a small hashpower and would mine nothing in practice It is not about the gain! But for many... just like me I keep the computer On and running for 80-90% of the time all month! And even if I get 0.0005 per day or even per week! It would still be worth it. And having 1 million people doing the same thing ... That would mean 182500 coins per year! ... Who cares? It is just electricity! We pay it anyway! Spiting the mining supply is a good reason enough! Current mining rewards from 400 MegaHash GPU per Month 0.00001565 BTC $0.01 Also, your pc being on is very different from your pc being under load. You will spend $50 to make $0.01. |
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calme
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July 15, 2016, 08:14:37 PM |
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Maybe soon the price will be stuck at 888, and we will wish it would go back to 666 just so we get some movement.
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European Central Bank
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July 15, 2016, 08:44:59 PM |
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holy shit. are we gonna make it through 2016 without the world ending? it's starting to smell like end times. now all we need is for dolly parton to croak and we'll know doom is certain. |
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DeathAngel
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#1 VIP Crypto Casino
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July 15, 2016, 08:50:22 PM |
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I'm sure there will be some Turkish bitcoin users laughing at their felllw countrymen there |
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elite3000
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July 15, 2016, 08:54:19 PM |
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Is the coup attempt real or some false flag government made to justify they staying forever in power and the state of exception? BTC users may laugh today, but tomorrow the Internet may be controlled and BTC forbidden or restricted |
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julian071
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July 15, 2016, 08:55:25 PM |
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Is the coup attempt real or some false flag government made to justify they staying forever in power and the state of exception? BTC users may laugh today, but tomorrow the Internet may be controlled and BTC forbidden or restricted I could not agree more. |
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Andre#
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July 15, 2016, 09:16:55 PM |
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holy shit. are we gonna make it through 2016 without the world ending? it's starting to smell like end times. now all we need is for dolly parton to croak and we'll know doom is certain. Easy on the hysteria. Turkish traditions don't indicate the end of times. |
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savetherainforest
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July 15, 2016, 09:34:39 PM
Last edit: July 16, 2016, 04:02:40 PM by savetherainforest |
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Supply reduced by 10400 BTCitcoins since halving!Just that thought makes the growing pains of miners grow! I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder! Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike! With ASICs I don't think it would matter if you convince a whole country to mine with computers, because they would get just a small hashpower and would mine nothing in practice It is not about the gain! But for many... just like me I keep the computer On and running for 80-90% of the time all month! And even if I get 0.0005 per day or even per week! It would still be worth it. And having 1 million people doing the same thing ... That would mean 182500 coins per year! ... Who cares? It is just electricity! We pay it anyway! Spiting the mining supply is a good reason enough! Current mining rewards from 400 MegaHash GPU per Month 0.00001565 BTC $0.01 Also, your pc being on is very different from your pc being under load. You will spend $50 to make $0.01. So ... a 14 TeraHash mining thingy costs 2000$ ... that will make 0.00182583 BTC per day based on your number! And 0.66642795 BTC per year... But considering the difficulty increase... 0.4 BTC would be more appropriate! ... But... But I am not talking about short term profitability... I'm talking about throwing money on the window for a future possibility!  ... Meaning that with those 2000$ it would probably be more advantageous to just buy 3x 666$ coins... Now!And I knew someone would bite! I lured you in guud! ... Meaning if we convince a few million people to buy coins... Especially if sometime in spring it will be somewhere between 10.000$ and 50.000$ per coin... that 14TH gizmo will be better then, than now... And it will force the price to go to 100k$ faster.... and probably by the year 2021 - 2022 ... for each 1x BTCitcoin will be worth somewhere near 2-3$ millions per coin? Sorry if I was misleading ... I do not advice anyone in buying useless mining equipment! I was just proving a point! For people to understand the situation with a much broader perspective! The solution is just buy and hold to create a shortage! It would be a better solution for the pumping of the price! Also if people could create a small business or if they already have a small or big business... they should accept bitcoin to homogenize and secure the future! |
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MayorMccheese
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July 15, 2016, 09:44:54 PM |
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Is the coup attempt real or some false flag government made to justify they staying forever in power and the state of exception? BTC users may laugh today, but tomorrow the Internet may be controlled and BTC forbidden or restricted Already on. "Access was restricted in Turkey on Friday to Facebook, Twitter and YouTube shortly after news broke that the military coup was under way, according to two internet monitoring groups." https://www.theguardian.com/world/live/2016/jul/15/turkey-coup-attempt-military-gunfire-ankaraBut who cares, amirite? Bitcoin users not affected  |
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nioc
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July 15, 2016, 10:05:17 PM |
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Bitstamp 666.66
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Dotto
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No maps for these territories
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July 15, 2016, 10:09:35 PM |
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In less than 48h we have:
Pokemon Go
Niza
Turkey
The NWO is hurring up the agenda
Bullish
Viva Monero
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rjclarke2000
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Activity: 1358
Merit: 1016
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July 15, 2016, 10:21:13 PM |
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That is a bit better argued than his normal misleading posts. He doesn't deviate so much from facts in his attempt to denigrate bitcoin, yet his emphasis of bitcoin's non-tangibility and failure to add value because of it's "pure" speculation seem to be exaggerated attempts to play into fear of the unknown and fear of the innovative nature of bitcoin. I really wish he has some BTCs stashed for the upcoming post September 2016 Bankmargeddon... (Financial) Winter is coming professor. Get yourself a coat. what a prick. i knew it. but didn´t think he would go that far. what idiots like him do not get: they are making bitcoin more resilient. every crusader that is not able to kill bitcoin will one day realize that he has been used as a free sparring partner. What a prick. My thoughts exactly. How can someone who owns zero bitcoins spend so much time on Bitcoin forums and stress about shit like this? He's like the neighbour who peers through the window if someone parks outside his house or moans at kids having fun. Miserable bastard, get a life. Edit. Just because he is intelligent it doesn't mean he can piss on everyone's fire. |
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