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Author Topic: I'm going on a Bitcoin World Tour  (Read 3617 times)
FinShaggy
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May 26, 2013, 06:31:51 AM
 #21



1a) They still need to pay the electric bill, or you going to pay that as well.

1b) FPGA's are only slightly more power efficient, but ASIC is the most power efficient, and FPGA's are still paying for the electric bill.

1c) Yes but you can't mine altcoins with bitcoin FPGA's. While you can do that not the exchange rate isn't going to be far greater where they are making a lot of money maybe a $1 or two more thing big.

2) Then this is the cryptocurrencies world tour, not the bitcoin world tour.



1a) The  mining machine will pay the electric bill
1b) Slightly is plenty, and just because ASICs are best doesn't mean they are the only thing that works
1c) When I mentioned mining Alt coins I meant with GPUs, they could mine bitcoins if they had FPGAs.
2) Bitcoin is a tiny piece of the cryptocurrency puzzle, but it's the most visible one right now. So no.

If everyone is thinking outside the box, there is a new box.
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May 26, 2013, 06:42:21 AM
 #22



1a) They still need to pay the electric bill, or you going to pay that as well.

1b) FPGA's are only slightly more power efficient, but ASIC is the most power efficient, and FPGA's are still paying for the electric bill.

1c) Yes but you can't mine altcoins with bitcoin FPGA's. While you can do that not the exchange rate isn't going to be far greater where they are making a lot of money maybe a $1 or two more thing big.

2) Then this is the cryptocurrencies world tour, not the bitcoin world tour.



1a) The  mining machine will pay the electric bill
1b) Slightly is plenty, and just because ASICs are best doesn't mean they are the only thing that works
1c) When I mentioned mining Alt coins I meant with GPUs, they could mine bitcoins if they had FPGAs.
2) Bitcoin is a tiny piece of the cryptocurrency puzzle, but it's the most visible one right now. So no.

1a) Yes and only the electric bill THEY ARE NOT PROFITABLE CURRENTLY! Numbers don't lie and I prove it with numbers and you didn't end of thread.

1b) ASIC are the only profitable machine that is how bitcoin works.

1c) No they can't

2) NO it created the crypto currency puzzle, and the 1st and currently the best!

End of thread, no more questions, your dumb and just saying the same thing over and over until I say your right. I proved my view with numbers. So we are done here.
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May 26, 2013, 06:55:42 AM
 #23


End of thread, no more questions.

There was never any questions, just you bitching and the threads not over, I haven't even gone to the first place yet. lol

And I'm pretty sure in most of the countries I mentioned, the amount of USD they would make mining would exchange into plenty of profit.

If everyone is thinking outside the box, there is a new box.
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May 26, 2013, 06:58:13 AM
 #24


End of thread, no more questions.

There was never any questions, just you bitching and the threads not over, I haven't even gone to the first place yet. lol

And I'm pretty sure in most of the countries I mentioned, the amount of USD they would make mining would exchange into plenty of profit.

So your going to go around and spread lies, thanks for doing nothing to the community and spreading lies, THANK YOU SIR.
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May 26, 2013, 07:08:10 AM
 #25


2) Bitcoin is a tiny piece of the cryptocurrency puzzle, but it's the most visible one right now.

A tiny piece?
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May 26, 2013, 07:14:50 AM
 #26


2) Bitcoin is a tiny piece of the cryptocurrency puzzle, but it's the most visible one right now.

A tiny piece?


I love how people are trying to pump and dump alts so hard, a tiny piece LOL finshaggy go do research then come back. Bitcoin made crypto-currencies possible without them no alt coins would be here.
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May 26, 2013, 07:44:51 AM
 #27


So your going to go around and spread lies, thanks for doing nothing to the community and spreading lies, THANK YOU SIR.

No, that's what YOU are doing.

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May 26, 2013, 07:45:40 AM
 #28


2) Bitcoin is a tiny piece of the cryptocurrency puzzle, but it's the most visible one right now.

A tiny piece?


I love how people are trying to pump and dump alts so hard, a tiny piece LOL finshaggy go do research then come back. Bitcoin made crypto-currencies possible without them no alt coins would be here.

I know that bitcoin is the biggest one, and I've been hearing about it since the silk road started.
But discrediting alt coins because of bitcoins, is like discrediting bitcoins because of e cash. It's just stupid of you to do.

If everyone is thinking outside the box, there is a new box.
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May 26, 2013, 07:51:00 AM
 #29


So your going to go around and spread lies, thanks for doing nothing to the community and spreading lies, THANK YOU SIR.

No, that's what YOU are doing.

Prove it, I been backing my facts up with citations. You have yet to do that. Sadly the more you say it will not make it more true.


2) Bitcoin is a tiny piece of the cryptocurrency puzzle, but it's the most visible one right now.

A tiny piece?


I love how people are trying to pump and dump alts so hard, a tiny piece LOL finshaggy go do research then come back. Bitcoin made crypto-currencies possible without them no alt coins would be here.

I know that bitcoin is the biggest one, and I've been hearing about it since the silk road started.
But discrediting alt coins because of bitcoins, is like discrediting bitcoins because of e cash. It's just stupid of you to do.

Bitcoin create altcoins, without Bitcoins there be no altcoins. Altcoins are directly tied to bitcoins. E-cash in no form was anything like Bitcoins. Altcoins are exactly like bitcoins, they use the same code base and just change two variables. Newbies shouldn't be preaching bitcoins or altcoins, cause you have no idea, don't hurt the community which are about to do.
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May 26, 2013, 08:16:40 AM
 #30

I think when talking points start getting assigned numbers, outdoors time is necessary...  Cheesy
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May 26, 2013, 10:56:32 AM
 #31

I see you will come to China. Welcome!  Smiley
When and which city will you come to?
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May 26, 2013, 11:14:00 AM
 #32

OP kudos to you brother. I'm doing the same here in Canada, going on a Canada domination tour. going to be setting up people with whatever hardware they have to get them working asap.

my logic is that they can always sell the gpus and fpgas later.  consider it buy a 7970 for 400 Canadian at 700 mhash with overclocking, no video plugged in, 300 watt average/h x 24 x 30 x $.10/1kwatt = $21/month electric bill

$21/month electric bill for 120 dollars worth so 99 take home after 4 months you brake even then you keep going.

now if you sell it the average depreciation for a card like that is 2% per month so 400 - (6x2%) = sell at $350.00  you have lost

50 dollars buy in for the card and 126 in operational costs net profit for 6 months operation = $550.00

this is a perfect buy in time... the ASICs are ramping up $550.00 is a good amount of cash to buy one later on and start the hardware war.

but right now ASICs are very,... very hard to manufacture! do not forget that! it will be another 2 years before they are easily available and another 4 years before the companies have good foundries to take it down to 60nm.

I don't know about you but you must also consider that the foundries for AMD are already mature! they double in hashing efficiency every generation! the next 8000 series will be hashing at 1000mhash using the same wattage as the 7000 series... the 9000 series will double that!2000mhash for 400 dollars.

by the time the foundries for the asics are well established gpus will be competing with todays ASICs.  You gotta fund the future now while you still can.

and don't forget that you are trading not just a currency but in this early stage of Bitcoin... you are being paid in STOCK!!! with future value!

at it's maximum 400,000 transaction/day that the protocol allows now, that will mean a 10 fold increase in the price of Bitcoin in 2 years.

your investing... not truly earning once the currency stabilizes at a maximum 42 billion dollars worth of transactions per day then bitcoin mining will simply be a way to earn wages not stock like it does now.


so yeah, get those people working brother! anyway you can, they gotta be ready, trained, educated in fighting form. I want crack Bitcoin troops deployed world wide.

and don't forget that for someone in honduras...  that 550 dollar return after 6 months is = to 11,000 lempiras, the average wage is 1300 lempiras.

my cousin is already setup in Honduras, I sent him a killer card I got off of kijiji. he'll be earning a living while he studies down there for a meer 200 dollars off my wage. he's already got 2 bitcoins saved up.

If you think my efforts are worth something; I'll keep on keeping on.
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May 26, 2013, 12:38:42 PM
Last edit: December 23, 2013, 03:27:22 AM by Justin00
 #33

i should be nice

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May 26, 2013, 03:02:27 PM
 #34

not trying to be negative, but if your the guy in the other thread who said he's been to jail a few times.. you might want to skip Australia.. don't think they will let you in, even for a quick visit.


jdbtracker.. a 7970 would make someone $2.80 or so a day including cheap power... now maybe I am well off so its diff for me to understand... but unless the person is living in poverty what is doing $2.80/day going to do for them ?

haha, true

you might not be able to smoke for a while

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May 26, 2013, 03:25:00 PM
 #35

saves me a few bucks, a little beer money for the weekend, gives me a chance to buy something worth about a hundred bucks each month. Not bad letting me get to my ultimate goal just one step at a time, that's all.

If you think my efforts are worth something; I'll keep on keeping on.
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FinShaggy
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May 26, 2013, 04:47:07 PM
 #36

I see you will come to China. Welcome!  Smiley
When and which city will you come to?

Bejing is where I have been invited Smiley

If everyone is thinking outside the box, there is a new box.
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May 26, 2013, 04:47:45 PM
 #37

Please tell us more about this solar powered ASIC you're bulding...
FinShaggy
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May 26, 2013, 04:48:03 PM
 #38

OP kudos to you brother. I'm doing the same here in Canada, going on a Canada domination tour. going to be setting up people with whatever hardware they have to get them working asap.

my logic is that they can always sell the gpus and fpgas later.  consider it buy a 7970 for 400 Canadian at 700 mhash with overclocking, no video plugged in, 300 watt average/h x 24 x 30 x $.10/1kwatt = $21/month electric bill

$21/month electric bill for 120 dollars worth so 99 take home after 4 months you brake even then you keep going.

now if you sell it the average depreciation for a card like that is 2% per month so 400 - (6x2%) = sell at $350.00  you have lost

50 dollars buy in for the card and 126 in operational costs net profit for 6 months operation = $550.00

this is a perfect buy in time... the ASICs are ramping up $550.00 is a good amount of cash to buy one later on and start the hardware war.

but right now ASICs are very,... very hard to manufacture! do not forget that! it will be another 2 years before they are easily available and another 4 years before the companies have good foundries to take it down to 60nm.

I don't know about you but you must also consider that the foundries for AMD are already mature! they double in hashing efficiency every generation! the next 8000 series will be hashing at 1000mhash using the same wattage as the 7000 series... the 9000 series will double that!2000mhash for 400 dollars.

by the time the foundries for the asics are well established gpus will be competing with todays ASICs.  You gotta fund the future now while you still can.

and don't forget that you are trading not just a currency but in this early stage of Bitcoin... you are being paid in STOCK!!! with future value!

at it's maximum 400,000 transaction/day that the protocol allows now, that will mean a 10 fold increase in the price of Bitcoin in 2 years.

your investing... not truly earning once the currency stabilizes at a maximum 42 billion dollars worth of transactions per day then bitcoin mining will simply be a way to earn wages not stock like it does now.


so yeah, get those people working brother! anyway you can, they gotta be ready, trained, educated in fighting form. I want crack Bitcoin troops deployed world wide.

and don't forget that for someone in honduras...  that 550 dollar return after 6 months is = to 11,000 lempiras, the average wage is 1300 lempiras.

my cousin is already setup in Honduras, I sent him a killer card I got off of kijiji. he'll be earning a living while he studies down there for a meer 200 dollars off my wage. he's already got 2 bitcoins saved up.


I plan on going to Canada at some point too Smiley

If everyone is thinking outside the box, there is a new box.
FinShaggy
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May 26, 2013, 04:50:06 PM
 #39

Please tell us more about this solar powered ASIC you're bulding...

It is not currently being built. We are getting boards, and chips and working on getting the chips "made". My friends dad does that kind of design work, so we'll have him do that, then send them off to get "made".

Then from there we will build them, then use mining funds to join groups buying solar panels, so we can get them cheaper. And we will start working on making a practical solar set up. Smiley

If everyone is thinking outside the box, there is a new box.
FinShaggy
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May 26, 2013, 04:51:21 PM
 #40

not trying to be negative, but if your the guy in the other thread who said he's been to jail a few times.. you might want to skip Australia.. don't think they will let you in, even for a quick visit.


jdbtracker.. a 7970 would make someone $2.80 or so a day including cheap power... now maybe I am well off so its diff for me to understand... but unless the person is living in poverty what is doing $2.80/day going to do for them ?

I've never been arrested for a felony or anything. My stuff only shows up on computers in Texas.

If everyone is thinking outside the box, there is a new box.
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