glendall
Legendary
 Offline
Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
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September 20, 2014, 01:04:08 AM |
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Not sure what will staunch the bleeding here.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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vortex1878
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September 20, 2014, 01:08:37 AM |
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Thank you, fc. You have turned the most promising BTC venture to cat shit. Well done.
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wasubii
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September 20, 2014, 01:19:12 AM |
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Silence + btc price =  Nothing changes in the Bitcoin world does it....  Only the difficulty...  |
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webbrowser
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September 20, 2014, 01:34:11 AM |
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Silence + btc price = Nothing changes in the Bitcoin world does it.... Only the difficulty... Not much change there. It just goes up  |
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webbrowser
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September 20, 2014, 01:37:29 AM |
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Thank you, fc. You have turned the most promising BTC venture to cat shit. Well done.
If you don't want a single satoshi from AM, are you planning to sell all your shares or to donate (any) future dividends  |
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vortex1878
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September 20, 2014, 01:41:37 AM |
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Thank you, fc. You have turned the most promising BTC venture to cat shit. Well done.
If you don't want a single satoshi from AM, are you planning to sell all your shares or to donate (any) future dividends I am not expecting anything. And yes, I am planning to sell all my shares. No, I will not donate. AM cost me much too much already. I am too skint to donate anything though... |
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Whtwabbit
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September 20, 2014, 02:14:02 AM |
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There's a mining war happening out there, just hope FC comes riding back home on top of his stallion with a bucket load of btc behind
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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willBTC
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September 20, 2014, 04:00:15 AM |
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any one who want to sell shares , please PM me , I want to buy 700 shares, fixed price is 0.13BTC per share.
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romerun
Legendary
Offline
Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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September 20, 2014, 04:59:28 AM |
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3d optical chips could be the future of asic mining
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Bonam
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September 20, 2014, 06:04:50 AM |
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Without word from FC (or better yet, actions rather than words), not long before we are below IPO prices. Then the fanboys won't have the "we are above IPO price!" talking point any more...
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bitcoin.newsfeed
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September 20, 2014, 07:33:28 AM |
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Thank you, fc. You have turned the most promising BTC venture to cat shit. Well done.
What else can you expect from Chinese teenager ? To become president ?  Maybe in wonderland. After gen1 its just Chinese tunneled cheddar. And yes I am pissed off. any one who want to sell shares , please PM me , I want to buy 700 shares, fixed price is 0.13BTC per share.
Just throw your precious BTCs on Havelock, its under 200 shares to reach your 0.13 goal, soon™ |
... Question Everything, Believe Nothing ...
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silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
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September 20, 2014, 08:42:34 AM |
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emotions running high. Oh dear , what to do, what to do! Don't blame a Chinese teenager for your troubles. For that... look in the mirror. http://nakamotoinstitute.org/mempool/everyones-a-scammer/Sell your shares. Take what is left and put it in cold storage. Go do something useful to others, make a contribution. Learn patience. You aren't going to become rich overnight by doing nothing but going through gyrations of despair on an internet forum. If you are a scammer, you will never become rich no matter how many btc you own. This will never change no matter how much you wish it. It's the law. |
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sharky101
Member
Offline
Activity: 108
Merit: 10
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September 20, 2014, 10:39:19 AM |
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All seems to be pinned on gen4. Can anyone confirm that there has been a tape out?
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RoadStress
Legendary
Offline
Activity: 1904
Merit: 1007
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September 20, 2014, 12:07:39 PM |
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Franktank
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September 20, 2014, 03:58:53 PM |
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Even the Wall Street Journal is considering this rumor: http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/Excerpt: " Still, it is the China theory– and it is only a theory — that is most intriguing, in part because it explains a striking anomaly in the bitcoin system: That the summer-long price fall has coincided with an explosion in bitcoin mining. Over the same three-month period in which the price dropped from above $600 to below $400, there has been a doubling in the “hashrate,” a measure of the network-wide computational power with which bitcoin miners compete to solve a mathematical puzzle and win the right to a fresh issuance of 25 new coins at 10-minute intervals. There’s an arms race going on in bitcoin mining. But that begs the question: why would anyone rush to buy mining rigs and pay for ever-greater electricity consumption when both the proportional share and value of the bitcoins you can earn are plummeting?" |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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September 20, 2014, 06:26:42 PM |
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Even the Wall Street Journal is considering this rumor: http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/Excerpt: " Still, it is the China theory– and it is only a theory — that is most intriguing, in part because it explains a striking anomaly in the bitcoin system: That the summer-long price fall has coincided with an explosion in bitcoin mining. Over the same three-month period in which the price dropped from above $600 to below $400, there has been a doubling in the “hashrate,” a measure of the network-wide computational power with which bitcoin miners compete to solve a mathematical puzzle and win the right to a fresh issuance of 25 new coins at 10-minute intervals. There’s an arms race going on in bitcoin mining. But that begs the question: why would anyone rush to buy mining rigs and pay for ever-greater electricity consumption when both the proportional share and value of the bitcoins you can earn are plummeting?"I like it That could explain a lot, especially the radio silence.  |
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arnuschky
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September 20, 2014, 07:23:05 PM |
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Well, I wouldn't bet on that. (except that we all did, right?  ) I think that many (maybe all) of the Chinese miner/chip manufacturers are in the same position as AM. Prices are down, sales are down, and there are too many manufacturers and products on the market (mining bubble, anyone?) I suspect that most of the manufacturers need to turn to self-mining, simply because that's still better than sitting on the product. |
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BtcLtcNmc
Member
Offline
Activity: 73
Merit: 10
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September 21, 2014, 08:58:23 AM |
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It's not true! I'm from China. |
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