Bicoin biggest scam in the early history !!!

[black_swan]

Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%. 

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

It cannot be the most centralized currency, every country issues 1 currency, 1 currency 1 country.
There are more than 1 ASIC producer in the world.
My conclusion is that you are the most retarded troll on this forum

[igorr]

Guys I'm sorry but the game is over,
and try understand this
http://mining.thegenesisblock.com/a/5600a160ea

[xdigital]

The increasing of difficulty is to make mining less profitable as possible. This is purposely designed and thought out by Satoshi.
Mining is the core of bitcoin protocol, it's there to maintain the network.

If it's "too profitable", people with a lot of money will dump their money to mining equipments and with enough money they can control the network.

[igorr]

Bitcoin price it is impossible to follow the increment difficulties.
Before 2-3 days difficulty rise 20% and the price is the same jump 20%  
New difficulty rise about 25%  for 9 days,  what is the new  bitcoin price for 9 days ?  1300 usd  
What is the bitcoin price for next 4 month ?  50 000 USD  


http://bitcoinwisdom.com/bitcoin/difficulty

What? Are you aware that mining equipment (ASICs) is getting cheaper and cheaper with lower power consumption. The next 28nm products (butterfly labs) costs neary 1/6 of the current 65nm products...
You can say that the average joe can't mine with his gpus, but I say, this is strengthen the security of Bitcoin transaction. How many computer do you have to infect to attack with this botnet the Bitcoin network?

nor ASiCs price of 1usd per 1PHash, can not save bitcoin, that he can only extend the life for 3-4 months

Check this, if is 2000 GHash cost only 1 USD, then we have bitcoin max lifetime Aug-2014,

http://mining.thegenesisblock.com/a/d1e4ab822e

View Screen Capture

[Bitcoinpro]

Guys I'm sorry but the game is over,
and try understand this
http://mining.thegenesisblock.com/a/5600a160ea

its not even exponential

1GH is still doing 25 cents a day so it will still be doing 10 cents in a year and that's without a price rise

[igorr]

Guys I'm sorry but the game is over,
and try understand this
http://mining.thegenesisblock.com/a/5600a160ea

its not even exponential

1GH is still doing 25 cents a day so it will still be doing 10 cents in a year and that's without a price rise

if 1GH doing for 25 cents, bitcoin price in Dec-2014 year will be $ 3.081.487 USD,  
or the bitcoin price will be increased for 25% for every 10 days, because difficulty increase 25% evry 10 days  
but if 1GH doing for only 1 cents, bitcoin price in Dec-2014 year will be $ 123.259 USD      

Try calculate, the difference between the present difficulties and difficulties in Dec-2014 !!!
difficulties will increase 2300 times until Dec-2014  

Diff in Dec-2014,
View Screen Capture



Edit:
And I also think it is not realistic that a one PCI card of 600 Gh earns about 6000 USD per month.

https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html

View Screen Capture

[Buffer Overflow]

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

I think you need to educate yourself how mining and difficulty work.

[igorr]

ASICs hardware race is in progress and Hashrate and difficulties will relentlessly grow.

[theking7426]

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

I think you need to educate yourself how mining and difficulty work.

I totally agree.

As one who missed out on early adoption and has only been in the game for months instead of years i say to igorr...

The longer you keep yourself out of the crypto game the angrier you will be. I was told when I was going to get in crypto's that it was a bad idea.
Investment has been paid and I am still making a profit.

Think of it this way. When bitcoin first launched it had NO value at all, so it wasn't profitable to mine then and costed far more in electricity, but look where we are today.

[overunity]

The faster the hashrate in the network the higher difficulty gets, simple .no affect on price .
less miners, difficulty reduces or rises by less.No affect on price .

Potential affects :-

More miners ,more bitcoin for sale, price reduces .(need more buyers to stabilise price )
less miners putting bitcoin onto market, price rises .(need more sellers to stabilise price )

Difficulty is to control mining ,a block of bitcoin currently 25BTC will be created by mining on average every 10 minutes till 2140 .

ps . what difference does cleaning hardware have to do with anything ,cleaning equals taking dirt of bitcoin

[igorr]

If people want to pay bitcoin about 1 milion USD, in dec-2014, it's all right.

[nastybit]

If people want to pay bitcoin about 1 milion USD, in dec-2014, it's all right.

I can sell a couple to you if you have enough FIAT to wire over Europe.
What was the point of your thread anyway? Difficulty is controlled by miners, if it rises all the times it means that they have an incentive to enter.
What's not clear?

[igorr]

Return back 5-6 post and try recalculate all.

People do not need a job, they will need only one or two PCI ASIC card,
and can earn 10-12k usd per month.
Realistic?
https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html

[zagerfish]

"Think of it this way. When bitcoin first launched it had NO value at all, so it wasn't profitable to mine then and costed far more in electricity, but look where we are today."

That is a very good point.

[e521]

Return back 5-6 post and try recalculate all.

People do not need a job, they will need only one or two PCI ASIC card,
and can earn 10-12k usd per month.
Realistic?
https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html

I guess it is realistic if bitcoin is a disruptive technology
I am happy to travel and spend my life time as I wish instead of paying bills

[igorr]

"Think of it this way. When bitcoin first launched it had NO value at all, so it wasn't profitable to mine then and costed far more in electricity, but look where we are today."

That is a very good point.

Manufacturers ASICs hardware constantly rising bitcoin price,with relatively little money.
but it will not be much longer ,
max 4-6 next month, and after that bitcoin is dead.
The clear evidence for this is mining factor.

The minimum is 25 cents per GHash at 24h,
When it approaches the border 25 cents per Gh, Bitcoin price hard rising and make corection mining factor, above 25 cents per 1GHash at 24h.

The next difficulty rise is for about 7 days  20%, or BTC price go to 1300 USD, (each 10 days rising 20-25%)
Where is the end ?  In april-2014 year we'll have the price 10 000 USD  

[igorr]

Welcome to new difficulty 1.78 bilion, the next change is for about 10 days + 25-35 %  

View Screen Capture

[overunity]

Welcome to new difficulty 1.78 bilion, the next change is for about 10 days + 25-35 %  

View Screen Capture

The constant from all this is a Block reward every 10 minutes of currently 25 BTC.
This is the first, honest, self regulating invention ever .

[krampus]

Edit:
And I also think it is not realistic that a one PCI card of 600 Gh earns about 6000 USD per month.

https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html

Well, that depends on when. If you had that BFL 600GH PCIe card in your hands today, you'd make a pretty decent return. By the time they actually ship, however, that's going to be significantly reduced.

[Barek]

Technology is beautiful.

Bitcoin price strongly drives the difficulty. More profit from mining means more people do it. Difficulty only weakly drives the Bitcoin price.

Why is this not in the mining discussion forum? I'm sure this has been debated to death.