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Author Topic: Theoretical limits, given 14 days per difficulty and 50% increases in difficulty  (Read 4996 times)
MoonShadow
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June 20, 2011, 04:03:04 AM
 #21


50 days from the next retarget which is due in 6 days (June 25) is August 14th.

Bet: 0.5 BTC Cheesy


I accept.  Just for clarity, I'm taking the under.  I will grant you the 10% variance.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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nazgulnarsil
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June 20, 2011, 05:04:05 AM
 #22

people can not into the exponential function  Tongue

if you are a bull and think bitcoin is going to $1k usd then even mining .01 coins per day is $10 just for leaving your rig running.  My guess is that casual mining will remain popular until the halving.
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