[150+ PH] SlushPool (slushpool.com); World's First Mining Pool

[Hitmouse]

Typically gold and bitcoins are not tied together.

http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zv

http://www.kitco.com/charts/historicalgold.html

I think it could be problematic to try to tie the gold and bitcoins together. Keep in mind the drop in bitcoin prices happened far before the PBoC announcement. News reports are tying to relate basic economic fundamentals to bitcoin pricing that just don't apply yet due to the nature of bitcoins. Although there is some impact it is not yet encompassing the full effects of the bitcoin phenomenon. Simple profit taking that has spiraled due to computerized trading and the lack of easy currency conversion options for the average Joe are more likely the answers to the current demise of the value of bitcoins.

I believe that when there is an easy, quick, main stream and highly accessible way to purchace bitcoins without a high conversion cost then the average Joe will start actively using bitcoins far beyond what we think is possible. Whoever makes it main stream for the public will win the battle and become ground zero for the bitcoin boom. Currently I have not found any site that does not have some frustration, anxiety or high cost involved in it.

SLUSH ROCKS! Thanks for the great pool!

[1500634067]

1500634067

[1500634067]

1500634067

[Billbags]

^ I agree, but as a result of the Fed's 5 year QE statment to raise stocks and the dollar, both BTC and gold dropped. I normally don't put them together, they just both got affected by the same thing.

Note: You have to remember we are buying and spending BTC in a global marketplace/economy. BTC gets affected by external factors in some of the same ways as other currencies. We are decentralized but still a currency.

Slush Does Rock!!! Bob, it's time to start the dance!!!!!!

[Jcga]

Onlu one block today (6.5hours to go) but still i'm not used to that

[desired_username]

Onlu one block today (6.5hours to go) but still i'm not used to that

This is called variance. We had some nice luck before the 12 hour block.

[Jcga]

Onlu one block today (6.5hours to go) but still i'm not used to that

This is called variance. We had some nice luck before the 12 hour block.

Yes for sure, reeeally good, go go Slush, the french pool

[Jcga]

@Jcga

You need to find Slush over where you are at in France and tell him to get us some blocks solving. Tell him 10 Blocks a day and we will all by 2 Trezor's from his store.

Yes they are my next door neighbors,
cool guyz, they gave me a Trezor Safe wallet and i can fill it with fresh btcs at their Pool, Slush i bet guys never heard about it which is fine lol

Billbags, I did not know there was a relation between Trezor and Slush's pool?
Those 2 cool guys on the video don't sound like they are from France at all.

http://vimeo.com/66263948

[kkurtmann]

End of the Game, it seems like it.

There are btc big farms dropping huge amount of btc and only few people buy, so price go down.

It doesn't matter if there are large mining farms or just one slow miner, the same amount of BTC is produced.

[00pmac00]

This feels a lot like 2008 I believe it was (I haven't worked since 2009 I believe it was, retired). There are tons of panicky uneducated (or not used to the fluctuations , maybe not so uneducated as that could be taken the wrong way) people trading this coin, and are jumping ship. The issue will no doubt sort itself out in the long run, we just have to have all the nervous nancys slough their earnings while the people in it for the long haul (and used to market corrections and fluctuations, bitcoin being somewhat more unstable than your typical currency), will likely start doing some bargain hunting very soon. I keep debating what the floor is, check all the trading sites and see what sort of sell sizes are being offered and when they start showing regular amounts being up for sale and all the huge amounts are all bought up, then I will jump in for some free long term profit (still speculation, but at least its a plan to it, not some random number I pull out of a hat), but I'm holding off till I start seeing it stabilise then I will snatch some up. and save it for a rainy day, or some online retailer that takes it when value has rebounded somewhat.
I remember all the bargain hunting the experienced traders were doing 2-3 days after the crash. It was glorious for some stocks that really took a beating. 

[Jcga]

End of the Game, it seems like it.

There are btc big farms dropping huge amount of btc and only few people buy, so price go down.

It doesn't matter if there are large mining farms or just one slow miner, the same amount of BTC is produced.

Yes you are right, same amount of Btc produced, but if some big actors in farming sell huge amounts of btc this affect the market, a lot more yjen individuals miners,
we spend, we hold, we buy other currencies... they sell for business reasons.

[00pmac00]

End of the Game, it seems like it.

There are btc big farms dropping huge amount of btc and only few people buy, so price go down.

It doesn't matter if there are large mining farms or just one slow miner, the same amount of BTC is produced.

I believe he is saying that some large farms are dumping their mined earnings selling off their BTC therefore, dropping the price as "supply" is more than the "demand", making some of them drop their prices further to cash in/get whatever they can before it drops too much ("too much" can only be determined by the individual/company selling off)

[Jcga]

End of the Game, it seems like it.

There are btc big farms dropping huge amount of btc and only few people buy, so price go down.

It doesn't matter if there are large mining farms or just one slow miner, the same amount of BTC is produced.

I believe he is saying that some large farms are dumping their mined earnings selling off their BTC therefore, dropping the price as "supply" is more than the "demand", making some of them drop their prices further to cash in/get whatever they can before it drops too much ("too much" can only be determined by the individual/company selling off)

Yes 00pmac00, large fams large electricity bills too.

Would you spend today 500.000€ in Btc?

[00pmac00]

Personally, no not yet ...I think you are asking if I would invest 500Euro on BTC at todays prices? So to that, no not yet, but thats just me

[Billbags]

@Jcga

You need to find Slush over where you are at in France and tell him to get us some blocks solving. Tell him 10 Blocks a day and we will all by 2 Trezor's from his store.

Yes they are my next door neighbors,
cool guyz, they gave me a Trezor Safe wallet and i can fill it with fresh btcs at their Pool, Slush i bet guys never heard about it which is fine lol

Billbags, I did not know there was a relation between Trezor and Slush's pool?
Those 2 cool guys on the video don't sound like they are from France at all.

http://vimeo.com/66263948

They are not originally from France, they just live and operate the pool there now. He is from I assumed CZ(Prague?), but I could be wrong. I'll look it up and get back to you. EDIT: I BELIEVE THIS TO BE CORRECT.

https://bitcointalk.org/index.php?topic=122438.0

[Jcga]

@Jcga

You need to find Slush over where you are at in France and tell him to get us some blocks solving. Tell him 10 Blocks a day and we will all by 2 Trezor's from his store.

Yes they are my next door neighbors,
cool guyz, they gave me a Trezor Safe wallet and i can fill it with fresh btcs at their Pool, Slush i bet guys never heard about it which is fine lol

Billbags, I did not know there was a relation between Trezor and Slush's pool?
Those 2 cool guys on the video don't sound like they are from France at all.

http://vimeo.com/66263948

They are not originally from France, they just live and operate the pool there now. He is from I assumed CZ(Prague?), but I could be wrong. I'll look it up and get back to you. EDIT: I BELIEVE THIS TO BE CORRECT.

https://bitcointalk.org/index.php?topic=122438.0

Great thx for this info Billbags

Have a look at the photo of the Trezor with this msg :  I <3 Prague
http://satoshilabs.com/trezor/

.cz = République tchèque
If you do a Whois on "mining.bitcoin.cz" you get a tchek Czech adress.
I wonder what "french" is Slush lol
Only the location of the server.

Do they give away few Trezor Safe Wallets to nice miner like me and BillBags...

[bspurloc]

omg invalid 22817

now what OMG OMG!

[wasikidding]

omg invalid 22817

now what OMG OMG!

lol how far back is that block 13 months?

[mr.methane]

22817   2014-09-19 18:06:18   7:23:52   41759514350   50368   0.00003063   321549   25.08092204   69 confirmations left

[mr.methane]

Block #321549
Summary
Number Of Transactions   580
Output Total   3,201.96096946 BTC
Estimated Transaction Volume   1,375.72097133 BTC
Transaction Fees   0.08092204 BTC
Height   321549 (Main Chain)
Timestamp   2014-09-19 18:05:50
Received Time   2014-09-19 18:05:50
Relayed By   Slush
Difficulty   29829733124.04
Bits   405068777
Size   271.4384765625 KB
Version   2
Nonce   1932418626
Block Reward   25 BTC

[wasikidding]

22817   2014-09-19 18:06:18   7:23:52   41759514350   50368   0.00003063   321549   25.08092204   69 confirmations left

yeah sorry thought he was ref. block # not slush #

[Jcga]

I've got this msg from Slush

"You have reached the maximum attempt to... your Ip can be blacklisted" when i want to have a look at statistics page, or refresh it.

What did i do wrong^^