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Author Topic: Singapore  (Read 245292 times)
tarui
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August 24, 2013, 12:21:59 PM
 #361

Office space not cheap here also, unless got cheap data center with unmetered power

Must see how many interested. Anyway no need big space,  just need area to put there. Not as if need place to walk around,  sleep etc
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worldinacoin
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August 24, 2013, 12:56:59 PM
 #362

Office space not cheap here also, unless got cheap data center with unmetered power

Must see how many interested. Anyway no need big space,  just need area to put there. Not as if need place to walk around,  sleep etc

But must ensure power is included in rental or else not worth it, given Singapore electricity bills.
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August 24, 2013, 02:04:53 PM
 #363

https://bitcointalk.org/index.php?topic=211825.0;all

how many of u guys are interested in this?

maybe can MO...

oops

pasted the wrong link

Newar
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August 24, 2013, 02:19:49 PM
 #364

how many of u guys are interested in this?

maybe can MO...

Free power and free A/C in SG? Where do I sign?

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bclcjunkie
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August 25, 2013, 03:32:49 AM
 #365

my personal advice to fellow singaporeans is don't bother with mining unless you miraculously got free juice and space but even then difficulty is going to hit 100mil in no time, we're at 65mil now.... personally i had a quicker roi with flipping securities... for example.. https://btct.co/security/LABCOIN

initial share price was 0.001 so if you invested 20btc at current prices your 20 btc would've been about 50-60 btc by now... now imagine those lucky ones who got in with 100btc even at 0.002 which was the price couple of weeks ago.. my projection is labcoin will have some more to go up at least 0.005 once they start their mining operations and besides btcgarden ipo fall out had some liquidity moved into labcoin... but again do your own research and trade with money you can afford to lose... Smiley

https://bitcointalk.org/index.php?topic=211825.0;all

how many of u guys are interested in this?

maybe can MO...

oops

pasted the wrong link


tarui
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August 25, 2013, 06:51:05 AM
 #366

my personal advice to fellow singaporeans is don't bother with mining unless you miraculously got free juice and space but even then difficulty is going to hit 100mil in no time, we're at 65mil now.... personally i had a quicker roi with flipping securities... for example.. https://btct.co/security/LABCOIN

initial share price was 0.001 so if you invested 20btc at current prices your 20 btc would've been about 50-60 btc by now... now imagine those lucky ones who got in with 100btc even at 0.002 which was the price couple of weeks ago.. my projection is labcoin will have some more to go up at least 0.005 once they start their mining operations and besides btcgarden ipo fall out had some liquidity moved into labcoin... but again do your own research and trade with money you can afford to lose... Smiley



these not so popular alt crypto coins like labcoin.. isn't it hard to trade since liquidity can be bad?

for alt currencies i rather play with litecoins.

true lah. investing in coins probably a better bet.

so u use vircurex?
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August 25, 2013, 10:54:03 AM
 #367

Found a few more places that accept BTC in SG:

http://www.squashpassion.com/
Squash training

http://winnhost.com/
Web hosting, servers in SG

http://www.kranjiracing.com/kranji2/home.php
Quote
Described as the best site dedicated to Singapore horse racing, kranjiracing.com is the home of Singapore racing media identity and tipster - Larry Foley.

http://sh3lls.net/
Web hosting, SG company, servers in US

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worldinacoin
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August 25, 2013, 10:57:30 AM
 #368

labcoin is a company that plans to enter mining operations.. you can read up on it here... https://bitcointalk.org/index.php?topic=241033.0

i was referring to its shares that were launched recently...


these not so popular alt crypto coins like labcoin.. isn't it hard to trade since liquidity can be bad?

for alt currencies i rather play with litecoins.

true lah. investing in coins probably a better bet.

so u use vircurex?

for mining, the hardware is a constant challenge, the difficulty is rising much faster than what the hardware can catch up.   Investing in such a company need to factor in the constantly changing and improving designs of the ASICS and beyond.
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August 26, 2013, 07:28:27 AM
 #369

right, which is why i'm pretty much done with catch up games at this point and will just speculate in upcoming mining companies which seem to give better ROIs if you time it right...  i think cloud services, leasing miners are the future...and IPOs are going to be that next big thing now that China is catching up... Smiley

http://www.scmp.com/business/china-business/article/1299374/bitcoin-spawns-virtual-ipos-china

just to give you a rough picture of how trading securities has become popular... take a look at the volume below... Smiley

https://btct.co/

Site Volume
Last 30d Total    158,343.75 BTC
Last 24h Total    5,128.77 BTC
Daily Average    6,347.46 BTC



labcoin is a company that plans to enter mining operations.. you can read up on it here... https://bitcointalk.org/index.php?topic=241033.0

i was referring to its shares that were launched recently...


these not so popular alt crypto coins like labcoin.. isn't it hard to trade since liquidity can be bad?

for alt currencies i rather play with litecoins.

true lah. investing in coins probably a better bet.

so u use vircurex?

for mining, the hardware is a constant challenge, the difficulty is rising much faster than what the hardware can catch up.   Investing in such a company need to factor in the constantly changing and improving designs of the ASICS and beyond.
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August 26, 2013, 07:57:40 AM
 #370


Quote
Bitcoin is similar to other currencies - say, the Mexican peso -

LOL

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tarui
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August 26, 2013, 08:09:42 AM
 #371

right, which is why i'm pretty much done with catch up games at this point and will just speculate in upcoming mining companies which seem to give better ROIs if you time it right...  i think cloud services, leasing miners are the future...and IPOs are going to be that next big thing now that China is catching up... Smiley

http://www.scmp.com/business/china-business/article/1299374/bitcoin-spawns-virtual-ipos-china

just to give you a rough picture of how trading securities has become popular... take a look at the volume below... Smiley

https://btct.co/

Site Volume
Last 30d Total    158,343.75 BTC
Last 24h Total    5,128.77 BTC
Daily Average    6,347.46 BTC





how are you going to invest in those IPOs overseas?
worldinacoin
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August 26, 2013, 09:10:15 AM
 #372

Normal equities of China are dangerous enough already without adding in the volatility element of Bitcoin.
xxjs
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August 26, 2013, 10:26:19 AM
 #373

Singapore currency is weighted against a basket of currencies, I find that it is the most effective way as compared to others.   It gives us far more control over our own currencies and less worries of being attacked by the likes of Soros as in the British pound

This sounds really smart, until you see the history

pegged to pound
pegged to dollar
pegged to a trade weighted basket of foreign currencies (undisclosed weights)
pegged to an undisclosed band around a undisclosed basket of currencies

It is said to be fully backed by the currencies in the basket. But when the elements in the basket change in value, the degree of backing will also change. And you have to wonder, is some of the backing in foreign sovereign bonds, by chance?

The next step is probably a fully floating singapore dollar, unless gold backing or sound money should suddenly become popular, which is improbable.
bclcjunkie
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August 27, 2013, 01:48:57 AM
 #374

pretty simple actually... just sign up at https://btct.co, transfer your bitcoins over and start bidding for shares, just like you buy bitcoins with fiat on any other exchange... give it a try, at least sign up and surf around...

how are you going to invest in those IPOs overseas?
bclcjunkie
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August 27, 2013, 02:35:37 AM
 #375

having a currency pegged to undisclosed currencies to portray so called "stable currency" is just an illusion folks, because it is as good as long as that basket agrees to accept the pegged currency... so once sgd loses its real purpose to that basket you can kiss goodbye to your savings... what keeps sgd at whatever exchange rate now is tied to something else... Smiley just to give you a clue, think of switzerland and see what's really driving swiss francs.. no it's not the watches... Smiley

Singapore currency is weighted against a basket of currencies, I find that it is the most effective way as compared to others.   It gives us far more control over our own currencies and less worries of being attacked by the likes of Soros as in the British pound

This sounds really smart, until you see the history

pegged to pound
pegged to dollar
pegged to a trade weighted basket of foreign currencies (undisclosed weights)
pegged to an undisclosed band around a undisclosed basket of currencies

It is said to be fully backed by the currencies in the basket. But when the elements in the basket change in value, the degree of backing will also change. And you have to wonder, is some of the backing in foreign sovereign bonds, by chance?

The next step is probably a fully floating singapore dollar, unless gold backing or sound money should suddenly become popular, which is improbable.
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August 27, 2013, 10:14:36 AM
 #376

[...] just to give you a clue, think of switzerland and see what's really driving swiss francs.. no it's not the watches... Smiley  [...]

Ok, I'm intrigued :-)  Please elaborate. What is it in your opinion?

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bclcjunkie
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August 28, 2013, 02:07:20 AM
 #377

hehe i think most of you already know lah... anyway in my opinion it's obvious from those links below..

what kept sgd high during that period of 2009- late 2012... remember all time high sgd 1.23 against USD sometime in 2010-2012?
http://www.huffingtonpost.com/diane-francis/dirty-money-flees-swiss-b_b_266272.html
http://www.bloomberg.com/news/2013-04-29/billionaires-flee-havens-as-trillions-pursued-offshore.html

and here's why i think SGD has fallen so hard these days...

http://www.indianexpress.com/news/money-laundering-banks-in-singapore-face-the-heat-over-accounts-of-tax-evaders/1112088/
http://news.xinhuanet.com/english/world/2013-07/12/c_132536971.htm

so that should sum up everything... Smiley i could dig up more articles but i think that should get you started on your own... Smiley


[...] just to give you a clue, think of switzerland and see what's really driving swiss francs.. no it's not the watches... Smiley  [...]

Ok, I'm intrigued :-)  Please elaborate. What is it in your opinion?
QueenB
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August 29, 2013, 12:08:36 PM
 #378

hehe i think most of you already know lah... anyway in my opinion it's obvious from those links below..

what kept sgd high during that period of 2009- late 2012... remember all time high sgd 1.23 against USD sometime in 2010-2012?
http://www.huffingtonpost.com/diane-francis/dirty-money-flees-swiss-b_b_266272.html
http://www.bloomberg.com/news/2013-04-29/billionaires-flee-havens-as-trillions-pursued-offshore.html

and here's why i think SGD has fallen so hard these days...

http://www.indianexpress.com/news/money-laundering-banks-in-singapore-face-the-heat-over-accounts-of-tax-evaders/1112088/
http://news.xinhuanet.com/english/world/2013-07/12/c_132536971.htm

so that should sum up everything... Smiley i could dig up more articles but i think that should get you started on your own... Smiley


[...] just to give you a clue, think of switzerland and see what's really driving swiss francs.. no it's not the watches... Smiley  [...]

Ok, I'm intrigued :-)  Please elaborate. What is it in your opinion?

Intersting....+1

ElitePork
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September 02, 2013, 03:19:01 AM
 #379

Still trying to find ways to overclock the BE USB miner.
Found a shop in sim lim tower that sells the SMD resistors and crystal but needs to take 1 day to arrive... Pre order again...
If you do not overclock, the ROI takes 11 months or longer... http://mining.thegenesisblock.com/a/ebbb00bafd
But if you overclock to 16MHz + 1.4k resistor, will take about 5 months or longer to ROI...  http://mining.thegenesisblock.com/a/c0441de9ce

Assumption is the constant growth of 40M difficult per month (this is based on aug 2013) and the power price stays at 0.21USD
worldinacoin
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September 02, 2013, 03:30:49 AM
 #380

If there is a war in Syria, power costs will sure escalate.
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