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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3853802 times)
cris12821
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September 19, 2014, 01:36:20 PM
 #18541

As long as the price keeps above 1 Satoshi I'll mining.

Betta buy Btc^^



I agree to.   There's always going to be profit just may not be as good as youbthink.


The way insee it is, the more warehouse farms that cone online the more the price dropss, the more it drops (in my opinion) the more the warehouse farms become a waste.

U may have like5ph/s farns and all.  But what's treuly the point of insane speeds when the price is dead low.

Its a damn good think were onnslushs pool.   Were awesome.

Give Respect , Get Respect
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MykelSilver
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September 19, 2014, 01:38:50 PM
 #18542

As long as the price keeps above 1 Satoshi I'll mining.

Betta buy Btc^^

Of course. Below a certain price level I start also buying. No doubt.
markneill
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September 19, 2014, 01:56:41 PM
 #18543

The way I see it, I am buying cheap bitcoins from my electric company.

Glad to see I'm not the only one mining for that same reason. Smiley
TradersWay.JC
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September 19, 2014, 02:29:23 PM
 #18544

$400 now  Sad

Will keep mining until the very end! Maybe even buy some if it gets very low.... The most we can lose is what we invest but there is unlimited potential for reward  Grin

Trader's Way - Forex & Binary Options Trading, Accepts Bitcoin - US Traders Accepted Smiley
Get a 100% Deposit Bonus when you sign up with us. Free VPS with deposits above $1000
cris12821
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September 19, 2014, 02:34:45 PM
 #18545

$400 now  Sad

Will keep mining until the very end! Maybe even buy some if it gets very low.... The most we can lose is what we invest but there is unlimited potential for reward  Grin

Lol CAD $ more Smiley.  But barely.     Yes there a great amount of potential.     Me personally,  I believe btc can still reach the 1000s     you can't predict the stock market prices,  thus u can't predict the btc prices,  most we can do,  is estimate what it will be at and for how long.

I think though if it is at this price right now so low,   I don't see it going back up big anytime soon.. Atkeast for a month or so.


Oh well. We will see how it goes until the end up sept.  I'm afraid to buy btc in case u buy now and it never goes back up( though im almost certain that it will...inbtine)


Good luck everybody.

Give Respect , Get Respect
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September 19, 2014, 02:55:05 PM
 #18546

Years ago I started when bitcoins were just a joke to everyone. I made thousands of them with GPU's. I didn't know what to do with them at the time. The price went up and then dropped. I lost faith and turned off my rigs except one miner that I had forgot about. 4 months later it was shut down.  Forward 2+ years later, a coworker is telling me about bitcoins and how expensive they are. I did some goggling and found I was rather wealthy if my old wallet was still there. I booted my old computer that had the wallet on it and prayed for good luck. (never keep a wallet online) Keep in mind this system had been off for 2 years. After a day and 1/2 of updating the wallet the final number came in.

I have found that it has paid for more then a few things I have needed to get done around the house. My children look pretty good in their new clothes and college paid for. I don't pay for groceries out of my paycheck it is paid for by bitcoins...

All of these coins mined while it was NOT a good investment in electricity, hardware and time. Those early years I LOST many dollars to the electric company.

The end of bitcoin mining? HAHA, this is only the doorway to bigger things. If you are smart you will buy bitcoins anyway you can. Ride it down and buy it when it starts to go up. The fat pigs are doing you a favor with their panic selling.
Billbags
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September 19, 2014, 03:20:21 PM
 #18547

Looks like BTC price dropped further due to China shocking the market by announcing that the PBoC will make available a Short-term Lending Facility of 500bil Yuan to the nation’s top banks. Stocks and currencies adjusted to the “stealth QE” measure with strong rallies. This almost immediately brought the S&P up and lowered BTC and Gold prices down.

The BTC price along with gold had alread dropped at a low due to the Fed’s five-year QE program(printing money/unjustly lowering interest rates to raise Stocks and Dollar value), markets resumed their usual direction after the FOMC statement. A mediocre Fed statement saw the Bitcoin price drop and produced the start of the week low and then stall until the China situation brought it lower.

UK is staying quiet about any serious monetary adjustments, it seems like unemployment is down there so their outlook isn't bad at the moment although that could change at any minute.

EDIT: You know we can do these same things with Bitcoin. No one has yet, not to the extreme it could be. It's just game theory. I read a paper the other day that showed a strategy using $250 million USD worth of BTC and there could actually be a shift in financial power overnight once the strategic move was made. After that move would be made the price of one bitcoin was unbelievable. I'll try to find it and put a link to it here.

Update: Funny thing was that paper was in the same format as the original Bitcoin White paper and was signed SN. I don't think Satoshi wrote it, but its inspired by his work.

I found it: http://bitcoinunion.wordpress.com/2014/08/24/bitcoin-swift-and-the-brics/

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
jterry211
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September 19, 2014, 03:51:13 PM
 #18548

Never lose faith, never surrender Mining till the end.  Just time to put more of my mining budget into Scrypt.   Wink

JT
Hitmouse
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September 19, 2014, 04:08:52 PM
 #18549

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!
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September 19, 2014, 04:11:02 PM
 #18550

^ 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!!!!!!

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
Jcga
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September 19, 2014, 05:21:21 PM
 #18551

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

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desired_username
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September 19, 2014, 05:24:15 PM
 #18552

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

This is called variance. We had some nice luck before the 12 hour block.
Jcga
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September 19, 2014, 05:32:18 PM
 #18553

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

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 Smiley

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Jcga
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September 19, 2014, 06:10:58 PM
 #18554

@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

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kkurtmann
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September 19, 2014, 06:13:41 PM
 #18555

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.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
00pmac00
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September 19, 2014, 06:39:36 PM
 #18556

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.  Grin
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September 19, 2014, 06:42:20 PM
 #18557

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.

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00pmac00
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September 19, 2014, 06:44:18 PM
 #18558

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)
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September 19, 2014, 06:52:31 PM
 #18559

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?

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September 19, 2014, 06:55:29 PM
 #18560

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
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