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Author Topic: Lesson learned.  (Read 2126 times)
Nagle
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August 04, 2011, 08:15:27 PM
 #21



The calculator at http://bitcoinx.com/profit/index.php is broken. If you change the USD/BTC conversion
rate, the power cost per day changes.  Oops.
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GenTarkin
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August 04, 2011, 08:23:08 PM
 #22

Um...it doesnt function that way for me... It stays the same... just tested it!

GenTarkin's MOD Kncminer Titan custom firmware! v1.0.4! <--- CLICK HERE
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Nagle
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August 04, 2011, 09:25:11 PM
 #23

Um...it doesnt function that way for me... It stays the same... just tested it!
OK, I see.  Where they write "less power costs", that's after the subtraction, not before.
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August 07, 2011, 12:12:27 AM
 #24

If you know where to get a 20% interest rate on a $1000 deposit please tell us.
Simple, find someone really desperate and loan 1000$ to them. Then a little later get 2000$ back from them. If they aren't inclined to pay up, incourage them by breaking their legs. If they don't have any money sell their furniture, their car, their daughter, or their organs. There's always some way to collect the debt. Just don't let the law find out.
 Cheesy
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August 07, 2011, 12:32:15 AM
 #25

Really? Not going to happen… People will not sell at a loss, and I think you are milking the cow a bit too much Smiley. Today was an excellent day to buy; and if you didn't buy at the single digits you missed your chance IMHO. Me and hopefully other community leaders will be stepping forward to educate other members with any knowledge that is at our disposal.

People think that mining is just about turning on a computer switch, and printing money out of thin air. I can tell you that this is simply not the case, it takes expertise in various computer related subjects, it takes alot of time, and most importantly it takes lots of money! Most people are breaking even at this point with the current difficulty of 1,890,362, and guess what without incentive if these people quit mining and the network dies, what happens to YOUR Bitcoins?  

This will kill the block chain or weaken it to the point of irrelevancy. A miners’ strike has been brewing for a long time now… We seriously don’t get the respect we deserve for our time and investments. We control the price, not the people who can’t make these coins. Without us there would be no coins to begin with! We set the prices…Remember that guys, and everything will be wonderful & peachy in Bitcoin Land!   Cool



THIS COIN IS NOT FOR TURNING!
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