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Author Topic: Singapore  (Read 246834 times)
pitan
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June 10, 2013, 12:35:46 PM
 #81

I am quite wary about pre-order, will they ship in the first place and even if they ship, how long will it take, given that Bitcoin difficulty is increasing exponentially.
That is why I only thought of ASIC miner was thinking of throwing down 50k to get 10 blades Lol... Anybody want to share share
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bengx
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June 10, 2013, 01:08:49 PM
 #82

I am quite wary about pre-order, will they ship in the first place and even if they ship, how long will it take, given that Bitcoin difficulty is increasing exponentially.

Come come, join me and mine litecoins instead haha Tongue
worldinacoin
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June 10, 2013, 02:13:45 PM
 #83

I think better be careful with Litecoin, Bitcoinexpress has already warned.

https://bitcointalk.org/index.php?topic=230936.0;topicseen
bengx
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June 10, 2013, 02:31:50 PM
 #84

Yeah, read about the attacks on FTC. But isn't LTC network hashrate high enough to mitigate such attacks?
derekleong75
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June 10, 2013, 03:34:33 PM
 #85

Continue mine BTC.
If people start aiming their miners at LTC pools, and LTC survives.  People may dump the coins for cheap.  Good buy!
If LTC dies, then no loss.  You still have BTC.
worldinacoin
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June 10, 2013, 03:41:07 PM
 #86

Yeah, read about the attacks on FTC. But isn't LTC network hashrate high enough to mitigate such attacks?

Search Bitcoinexpress, I won't take the risk when he appears Smiley
andrewsg
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June 11, 2013, 08:08:04 AM
 #87

I think better be careful with Litecoin, Bitcoinexpress has already warned.

https://bitcointalk.org/index.php?topic=230936.0;topicseen

Honestly, I would like him to be correct, just because it would be so interesting to watch, and see what the effects would be. But it's extraordinarily unlikely to happen, the costs to 51% would be insanely high, even if someone developed a scrypt FPGA, or even asic. The benefits would also be questionable, put it this way, if someone had the technology ready, they could become the ASICminer of litecoins, the returns would be much higher than 51%-ing the network. Of course, some people just like to watch the world burn.

Bitcoin can be bad for your chi. Improve yours and mine by sending BTC to: 1N1zRYSwKQbZ8Kx1bKvTskrjGMNynVFEr1
pitan
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June 11, 2013, 09:02:24 AM
 #88

FEI

http://www.coindesk.com/feathercoin-hit-by-massive-attack/
worldinacoin
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June 11, 2013, 09:06:41 AM
 #89

I think better be careful with Litecoin, Bitcoinexpress has already warned.

https://bitcointalk.org/index.php?topic=230936.0;topicseen

Honestly, I would like him to be correct, just because it would be so interesting to watch, and see what the effects would be. But it's extraordinarily unlikely to happen, the costs to 51% would be insanely high, even if someone developed a scrypt FPGA, or even asic. The benefits would also be questionable, put it this way, if someone had the technology ready, they could become the ASICminer of litecoins, the returns would be much higher than 51%-ing the network. Of course, some people just like to watch the world burn.

I hope not, it isn't easy for Litecoin to grow to this stage, an attack would be devastating
bengx
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June 11, 2013, 10:04:13 AM
 #90


But the network hashrate of LTC is much higher than that of FTC right? Wouldn't it be much harder to 51% LTC then?
SGExodus
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June 11, 2013, 01:20:42 PM
 #91

I am quite wary about pre-order, will they ship in the first place and even if they ship, how long will it take, given that Bitcoin difficulty is increasing exponentially.
That is why I only thought of ASIC miner was thinking of throwing down 50k to get 10 blades Lol... Anybody want to share share

Hmm, don't do it.   You can't earn back your hardware cost from the way that price the item.

If you think 50BTC will be appreciate in value in the future, just go ahead and buy the BTC today.
pitan
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June 11, 2013, 01:30:53 PM
 #92

Ya... Was thinking about it seems more sensible...
As for ASIC only can wait and see
SGExodus
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June 11, 2013, 01:45:11 PM
 #93

Ya... Was thinking about it seems more sensible...
As for ASIC only can wait and see

At this point, ASIC machine that you can buy are overpriced -- case in point ASICminer.    Those that you can't buy and need to pre-order one, are decently price, but you don't really know when they will finally play nice and ship your product.
ninjaboon
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June 11, 2013, 02:04:16 PM
 #94

There is an article in today's Straits Times on Bitcoin under the Money section.


why not scan it and post here?

pitan
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June 11, 2013, 02:47:53 PM
 #95

Ya... Was thinking about it seems more sensible...
As for ASIC only can wait and see

At this point, ASIC machine that you can buy are overpriced -- case in point ASICminer.    Those that you can't buy and need to pre-order one, are decently price, but you don't really know when they will finally play nice and ship your product.

Ya that's why I'm saying only can wait and see... Anyway anybody here doing their own business, I have lobang to make mining hardware almost free but there is some risk. I myself may try it out first and see the outcome will update again. PM if interested
bclcjunkie
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June 12, 2013, 08:02:10 AM
 #96

good to hear from you guys, another bitcoiner from Singapore...  Grin

ninjaboon, here you go...

http://business.asiaone.com/news/the-flip-side-bitcoins
bclcjunkie
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June 12, 2013, 08:03:45 AM
 #97

let me know if you consider buying ASICminer blades... i have 2 of those from last 2 auctions... willing to sell if the price is right.. definitely cheaper than retail of 49.99...  Grin

I am quite wary about pre-order, will they ship in the first place and even if they ship, how long will it take, given that Bitcoin difficulty is increasing exponentially.
That is why I only thought of ASIC miner was thinking of throwing down 50k to get 10 blades Lol... Anybody want to share share
pitan
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June 12, 2013, 08:21:45 AM
 #98

let me know if you consider buying ASICminer blades... i have 2 of those from last 2 auctions... willing to sell if the price is right.. definitely cheaper than retail of 49.99...  Grin

I am quite wary about pre-order, will they ship in the first place and even if they ship, how long will it take, given that Bitcoin difficulty is increasing exponentially.
That is why I only thought of ASIC miner was thinking of throwing down 50k to get 10 blades Lol... Anybody want to share share

Woo... Will PM you when I decide, good to know there are 2 in SG
worldinacoin
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June 12, 2013, 08:38:34 AM
 #99

good to hear from you guys, another bitcoiner from Singapore...  Grin

ninjaboon, here you go...

http://business.asiaone.com/news/the-flip-side-bitcoins

Not really good news for Bitcoin, the coverage is quite negatively associated with Liberty Reserve.
pitan
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June 12, 2013, 10:44:14 AM
 #100

Honestly what can we expect from our country's media? I can't even bothered to read any newspaper published its either some passé or have been vetted thru...
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