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Author Topic: Stop Mining for Dollars and Start Mining For Pennies!  (Read 3391 times)
kgo
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October 04, 2011, 09:13:57 PM
 #21

Have you looked into pre-2011 nickles? Return is higher and diversified into nickle and copper (both growing market values).

For the record, 2011 nickels have the same melt weight.  I'm guessing it will be at least 2013 before they attempt to change the composition.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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October 04, 2011, 11:12:22 PM
 #22

http://en.wikipedia.org/wiki/Gresham's_law

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October 04, 2011, 11:24:16 PM
 #23

Love this kind of stuff.

BTW, it is illegal in Canada as well to melt the pennies but the older copper ones have slightly more copper than the US ones.

CryptoCurrency for Gemstones ... Website | Main Thread  -  c0c0 Trading on YoBit
kgo
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October 08, 2011, 01:43:30 AM
 #24

My one pound order just arrived.

I was one of the people who ordered before there were shipping charges on the site, so it looks like you lost money on the deal.  I respect the fact that you honored the original agreement and didn't back out.  A testament to your integrity.
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October 08, 2011, 03:31:28 AM
 #25

My one pound order just arrived.

I was one of the people who ordered before there were shipping charges on the site, so it looks like you lost money on the deal.  I respect the fact that you honored the original agreement and didn't back out.  A testament to your integrity.

I'm glad you received you order and thanks for your kind words. The first five people who ordered with bitcoins were the lucky few who got to enjoy free shipping. The "loss" on two of the orders (they were small order with low profit margins) were expected and covered by our advertising budget for the new site launch. I hope that the other four people who order during the free shipping period will leave a post with there comments.

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