Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Walsoraj]

A 51 on bitcoin would almost certainly result in the dramatic rise of an altcoin. Enormous profits to be made if you buy up a bunch of alts before the attack.

Do you suggest Dogecoin for example?

Yes. But others will do. Everything in the top 10 would go way up.

[T.Stuart]

A 51 on bitcoin would almost certainly result in the dramatic rise of an altcoin. Enormous profits to be made if you buy up a bunch of alts before the attack.

Do you suggest Dogecoin for example?

Yes. But others will do. Everything in the top 10 would go way up.

Sorry bad joke. I need to work on my sense of humour.

[Voodah]

A 51 on bitcoin would almost certainly result in the dramatic rise of an altcoin. Enormous profits to be made if you buy up a bunch of alts before the attack.

Do you suggest Dogecoin for example?

Yes. But others will do. Everything in the top 10 scrypt would go way up.

FTFY.

[Walsoraj]

A 51 on bitcoin would almost certainly result in the dramatic rise of an altcoin. Enormous profits to be made if you buy up a bunch of alts before the attack.

Do you suggest Dogecoin for example?

Yes. But others will do. Everything in the top 10 scrypt would go way up.

FTFY.

Proof of stake coins would be appealing too.

[justusranvier]

We already have a widely-used proof of stake coin - it's called the Federal Reserve.

[mmitech]

I know you are a trustworthy individual but no matter how honest you are and/or who is on charge of BTCguild or any other large pool (Ghash.IO) this is not how things meant to be, this is against the Bitcoin concept of decentralization and taking the trust from individuals and organizations and putting it on a distributed network....

if we will start feeling comfortable about BTCguild or any other pool getting bigger and bigger than we better cash the BTC and put the money in a Bank, at least if the bank get robbed the government will pay us back some of the loss....

This argument would make sense if I was doing something to try to lure users in.  Reduced fees (or 0%), promotional events, referrals, etc.  BTC Guild's entire business is based on providing superior service, and in return it charges what I would consider a reasonable fee.  BTC Guild has been shrinking, though that's mostly due to ghash.io's private farm which is roughly 10% of the network if not a little more.  I'm not trying to claw it back in any way, and have made changes in the past to purposely push hashing power off of the pool when it was getting too large.

you can always close registration..... we have to stop finding excuses instead of solutions, although I am sure that Ghash.IO is the biggest threat to the network, but the concept of Bitcoin should be respected by everyone regardless how trustworthy they are..

[T.Stuart]

$815 on Gox - just right

[elg]

could someone explain what this discussion is all about in a few simple words?

[seljo]

Ok to stay on topic I have some goxbux and I decided not to buy until it drops to sub 700 or it goes over 1300 anyone feels the same?

[samson]

Ok to stay on topic I have some goxbux and I decided not to buy until it drops to sub 700 or it goes over 1300 anyone feels the same?

Not really, I will either buy on a large drop or withdraw to my bank.

[seljo]

Ok to stay on topic I have some goxbux and I decided not to buy until it drops to sub 700 or it goes over 1300 anyone feels the same?

Not really, I will either buy on a large drop or withdraw to my bank.

Not an option to withdraw and miss the drop or the jump.

[Voodah]

could someone explain what this discussion is all about in a few simple words?

It is largely off-topic talk about mining centralization. If you read the first post, this thread is for price and speculation talk.

1DCeLERonUTsTERdpUNqxKTVMmnwU6reu5

How many GH do you need to get a vanity this long?

[Richy_T]

I spent over a year trying to promote P2Pool. It's better for the miner and it's better for the network, but it takes more effort to set up so miners go with traditional pools instead. Bigger pools have less variance, so more miners flock to bigger pools.

FWIW, I found p2pool to be pretty easy to set up. Plus if you know someone who has it set up, you can use their instance (this is a little bit like pooled mining but much more local).

[deepceleron]

1DCeLERonUTsTERdpUNqxKTVMmnwU6reu5

How many GH do you need to get a vanity this long?

D:\Bitcoin\vanitygen-0.22-win>oclvanitygen -i -p 0 -d 0 1dceleron
Difficulty: 1556632498881
[15.21 Mkey/s][total 461373440][Prob 0.0%][50% in 19.7h]

You generate many and pick a cool looking one.

[Richy_T]

That said, the issue with p2pool is that you have to be able to get a share within the 24 hour payout window.  At the moment it takes around 44 GH/s to average 1 share/24 hours.  I believe this can be solved with tiered share-chains and m-of-n addresses, but there are some sticky issues.

Wow, that's rough. Doesn't seem long ago that I was getting a share or two per day with around 1G. I've pretty much given up on mining except I still run a block exploder for the lulz.

[QuestionAuthority]

Any minute now a mod is going to move this thread to the mining sub forum.

[wachtwoord]

Any minute now a mod is going to move this thread to the mining sub forum.

Mining speculation.

[T.Stuart]

What's with the steep ask wall? It's a bit antisocial don't you think?

[thefunkybits]

What's with the steep ask wall? It's a bit antisocial don't you think?

A dump is coming in the next 2 weeks, volume hasnt been this low in a long time. This rally might have had legs is if every major exchange was pushing 50K a day, but most have been 10K and under for a week or so

[BitChick]

What's with the steep ask wall? It's a bit antisocial don't you think?

A dump is coming in the next 2 weeks, volume hasnt been this low in a long time. This rally might have had legs is if every major exchange was pushing 50K a day, but most have been 10K and under for a week or so

Could it just be that most people are on vacation right now and are not interested in buying any Bitcoin because of that?