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Zakryze
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October 30, 2013, 02:12:25 PM
 #21
1 ghash is 1000 mhash (1024 even) so if he has 1000 ghash its 1000000 mhash roughly
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Ardenyham
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October 30, 2013, 02:23:33 PM
 #22
What is fair price for 1000 ghash ?

bitcoiner49er told 75BTC can be mined in the next year, so 90 BTC seems bit overpay, or Im wrong?
Rannasha
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October 30, 2013, 02:25:51 PM
 #23
Quote from: Zakryze on October 30, 2013, 02:12:25 PM
1 ghash is 1000 mhash (1024 even) so if he has 1000 ghash its 1000000 mhash roughly

1 Ghash is exactly equal to 1000 Mhash. "Giga" and "Mega" are well-defined metric prefixes meaning 1,000,000,000 and 1,000,000 respectively. Lets not introduce the power-of-2 nonsense that is present in storage-related prefixes.
rampalija
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October 30, 2013, 02:26:04 PM
 #24
Quote from: ardenyham on October 30, 2013, 02:23:33 PM
What is fair price for 1000 ghash ?

bitcoiner49er told 75BTC can be mined in the next year, so 90 BTC seems bit overpay, or Im wrong?


Yes but they cannot predict difficulty not even close, cuz the new generation of miners is comeing
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Zakryze
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October 30, 2013, 03:23:00 PM
 #25
Quote from: Rannasha on October 30, 2013, 02:25:51 PM
Quote from: Zakryze on October 30, 2013, 02:12:25 PM
1 ghash is 1000 mhash (1024 even) so if he has 1000 ghash its 1000000 mhash roughly

1 Ghash is exactly equal to 1000 Mhash. "Giga" and "Mega" are well-defined metric prefixes meaning 1,000,000,000 and 1,000,000 respectively. Lets not introduce the power-of-2 nonsense that is present in storage-related prefixes.

Okay thx for the information my mistake then. Funny how you always bring up the metric system ^.^
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wunkbone
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October 31, 2013, 02:29:11 PM
 #26
Quote from: ardenyham on October 30, 2013, 02:23:33 PM
What is fair price for 1000 ghash ?

bitcoiner49er told 75BTC can be mined in the next year, so 90 BTC seems bit overpay, or Im wrong?

Right now the fair price would be 5$ per GH/s....
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bitcoiner49er
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October 31, 2013, 04:49:19 PM
 #27
Quote from: wunkbone on October 31, 2013, 02:29:11 PM
Quote from: ardenyham on October 30, 2013, 02:23:33 PM
What is fair price for 1000 ghash ?

bitcoiner49er told 75BTC can be mined in the next year, so 90 BTC seems bit overpay, or Im wrong?

Right now the fair price would be 5$ per GH/s....

Fair?  Cheesy I like the way you think! I'd buy in at $5/GHs

As of today, Oct 30, I'd say you could expect 60+ BTC in the next year. So buy accordingly.
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rampalija
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November 02, 2013, 07:05:06 AM
 #28
Quote from: wunkbone on October 31, 2013, 02:29:11 PM
Quote from: ardenyham on October 30, 2013, 02:23:33 PM
What is fair price for 1000 ghash ?

bitcoiner49er told 75BTC can be mined in the next year, so 90 BTC seems bit overpay, or Im wrong?

Right now the fair price would be 5$ per GH/s....


you said fair price, but where to buy at fair price?
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█     █  █  █ █ █  █   █ █   █▀  █▄▀  █▄▄  █▀█     █     Blockchain for Apps | Blockchain for Business | Blockchain for Future
█     ███  █  ██  █     █    █▄  █  █  ▄▄█  █▄█     █                [Whitepaper]|[Vision]|[BitcoinTalk]|[Telegram]|[Facebook]
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