Bitcoins!

[n-ster]

Your right, its definitely not worth it.

Ive switched to what i think is pooled, and getting "paid" for every hash.

The one that takes over 10%? It eliminates most of bitcoin's risk at a pretty big fee IMO, but still is interesting

 

[n-ster]

I FINALLY GOT ANOTHER BLOCK after 12 days of mining overclocked, when my "Average" should have been 7 days

Difficulty is rising in a few day apparently

 

[PVTCaboose1337]

I FINALLY GOT ANOTHER BLOCK after 12 days of mining overclocked, when my "Average" should have been 7 days

Difficulty is rising in a few day apparently

Difficulty almost doubled then. I am guess that people will be mining less, as electricity cost will be too high to still make a profit. However, I bet lots of those guys will keep going, as they think the value of the currency is going to increase. As if.

 

[n-ster]

Short term it will continue it's decline to 0.8$, perhaps even to 0.5$ is we aren't lucky, but later on it will easily get back to parity and around the 1.1$ or so

 

[PVTCaboose1337]

Short term it will continue it's decline to 0.8$, perhaps even to 0.5$ is we aren't lucky, but later on it will easily get back to parity and around the 1.1$ or so

I don't think it will decline that much. Maybe $.10, TOPS, if that.

 

[n-ster]

It did a quick decline in MINUTES from 0.9$ to 0.81$, then the past 24 hours have been hectic, now it is around the 0.84$~0.86$ mark

Unless it goes back near parity, it will decline again

 

[PVTCaboose1337]

It did a quick decline in MINUTES from 0.9$ to 0.81$, then the past 24 hours have been hectic, now it is around the 0.84$~0.86$ mark

http://img.techpowerup.org/110307/Capture044.jpg

Unless it goes back near parity, it will decline again

I had no idea! I guess I was pretty correct about the decline then, but I did not think it would happen on this scale.

 

[n-ster]

I've been following the economics and I realized quite fast that there would be a decline soon, followed by a big comeback, OR a small but still substantial rise and then a bit of stability before the decline and comeback

EDIT: Difficulty increase is estimated in 440 blocks, at 112896 and be a 37% increase

 

[matteumayo]

I've been following the economics and I realized quite fast that there would be a decline soon, followed by a big comeback, OR a small but still substantial rise and then a bit of stability before the decline and comeback

EDIT: Difficulty increase is estimated in 440 blocks, at 112896 and be a 37% increase

Oh god not again.

 

[pantherx12]

I don't have my 6870 anymore so no more mining for me : [

 

[n-ster]

as of now I made about 3~4$ every 1$ I spent on electricity (I pay about 10cents the KWh), and I mined UNDER average

 

[n-ster]

http://www.bitcoin.org/smf/index.php?topic=4292.0

 

[PhysXerror]

The one that takes over 10%? It eliminates most of bitcoin's risk at a pretty big fee IMO, but still is interesting

It takes/keeps exactly 10% apparently. Its quite a good service with instant payout etc

 

[n-ster]

Difficulty rose a few hours ago... Bitcoin value, on the contrary, fell

http://www.alloscomp.com/bitcoin/calculator.php

Almost double from when I started... Now almost 14 days with a 6870 on average (273Mh/s 13 days 20 hours)

 

[huayra.agera]

Any updates here?

 

[n-ster]

Difficulty is planned to be DECREASED... yes DECREASED!!!! About 10~15% decrease

unfortunately BTC value is still low, and I foolishly bought some near 0.86$ per BTC.... Mining is till profitable for 99% of al North Americans... as for people paying 0.30$+ per KWH, I believe you break even or even lose $$

 

[matteumayo]

Difficulty is planned to be DECREASED... yes DECREASED!!!! About 10~15% decrease

unfortunately BTC value is still low, and I foolishly bought some near 0.86$ per BTC.... Mining is till profitable for 99% of al North Americans... as for people paying 0.30$+ per KWH, I believe you break even or even lose $$

Glad to hear about the decrease

 

[n-ster]

Prices are going down

I was sure they were going to stay around the 0.85$+ mark and that at some point after the dificulty decrease it would at least go to 0.90$+ thats why I bought some at ~0.86$ (80BTC worth) hoping to make a few bucks... Hopefully I am correct to assume a price increase in 3~4 weeks time. Wish I had more Paypal $$ to buy more at <0.70$, because whatever happens now, I know that in the long term the price will go back up

 

[matteumayo]

Prices are going down

http://img.techpowerup.org/110318/Capture072.jpg

I was sure they were going to stay around the 0.85$+ mark and that at some point after the dificulty decrease it would at least go to 0.90$+ thats why I bought some at ~0.86$ (80BTC worth) hoping to make a few bucks... Hopefully I am correct to assume a price increase in 3~4 weeks time. Wish I had more Paypal $$ to buy more at <0.70$, because whatever happens now, I know that in the long term the price will go back up

nooooooooo

 

[n-ster]

Another dip, it seems that BTC price may stay at <0.75$...

 

[n-ster]

It is now stabilizing slightly under what it was before the dips, thankfully, but idk where it will go next

The difficulty decrease is projected at 66665, a 14% decrease, and it keeps on going lower!

check the estimate here: http://bitcoincharts.com/markets/

 

[Wyverex]

Info that might interest some of you:
A Google engineer has released an open source Java client for the Bitcoin peer-to-peer currency system, simply called BitcoinJ.

 

[Deleted member 67555]

Can somebody POST 1 bit of proof this isn't just a scam....

 

[Easy Rhino]

Can somebody POST 1 bit of proof this isn't just a scam....

people have been getting paid. also, dozens of real vendors are accepting it as currency. we have been over this a hundred times. bitcoins is not a scam. it may not work long term (we will see) but some people are hoping it does. just like anything else in this life when you really think about it.

 

[pantherx12]

Can somebody POST 1 bit of proof this isn't just a scam....

Well as Rhino said, people have already been paid.

But instead of us doing the work to prove it's legit, why not find 1 single report of it being a scam.

Should be easy if it's a scam right?



by the by, pay day soon! new 6870 so will be mining again, might be able to RMA my other card as well using ram/moset cooling plate /shroud from my new card : ] ( wasn't the modded ram/mosfet plate that caused card death so fair game I say!)

So dual 6870s mining soon. YEAH! both at 1ghz core aswell I'd wadger ;(