Roonbox Registered User
#286

Well for some reason MT.gox denied my membership so I guess that makes my mind up for me.

#287

zonEEE said:
Electricity cost is going to drop hugely with the introduction of ASIC's. Butterfly labs 60GHz runs @ 60watts
So only those who invest in dedicated hardware will mine in future.

And don't forget the difficulty is adaptive.

#288

Capt' said:
So only those who invest in dedicated hardware will mine in future.

And don't forget the difficulty is adaptive.


yep, there's many that have already 25k+ orders with bufferfly labs. Its to late to make money mining bitcoins unless you already have a pre order in. Difficultly will go insane.

Pre orders can be bought on ebay, they have gone for 10k plus in the past few weeks.

One with three days left.

http://www.ebay.ie/itm/Pre-Order-1-x-60-GH-s-Bitcoin-Miner-BitForce-Single-SC-ASIC-Butterfly-Labs-/271188485081?pt=LH_DefaultDomain_0&hash=item3f2417e3d9#ht_1870wt_906

vanbrah Registered User
#289

hey, does anyone live around galway and own bitcoins? im just looking to buy 2 for an online purchase - have cash :/ i cant get the online wire transfer bull**** to work. driving me nuts!

srsly78 Registered User
#290

Are you guys undercover guards?

From the other thread -> https://bitcointalk.org/index.php?topic=174918.0

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scamalert Registered User
#291

There was recently a lot of hype from media as bitcoin value soared over 100$ per coin,what began as 7c-20c value at the beginning.its one of those currencies that can range a lot-but the main idea of creator was to create currency that government wouldn't have any intervention on it and it would be an independent currency.The only flaw with that is that its prone to be more dependent on those who have money,so basically anyone who has access to computer lab or some sort of render farm could make more money then average miner.The process to make coins is called mining and anyone with a pc can do it,but the problem with that is it basically uses up all cpu and graphics card resources to solve hard math equations,which take days to months to make a coin.so dunno if taken all electricity required and basically powerful pc to make best of it at the end,i would see it more like waste of resources then money making.Also its acceptance is very slim,but it has huge potential for black market online,as its non traceable,easy to transfer,and not to hard to cash out.

fergalr Registered User
#292

scamalert said:
as its non traceable,


Its not as untraceable as many people think.

If you use it without care, you can leave a pretty large amount of information about your activity.
That problem will only increase over time, unless people change how they use it.

scamalert Registered User
#293

dont see any risk in using it for purchases or leaving a trace its up to people what they buy.But as i mentioned whats the point of currency,if someone with a proper gear can make dozens of it a day,its not a real labor using up your gear and electricity for pc to do f all is it,then put a value on it which in reality doesn't have any,thats why banks dont have fear of it,as its prone to vulnerabilities then a real currency which is controlled by government,imagine someone country wanted to sabotage that,the only thing they would need is one of them super computers,and you'd have market flooded with bitcoins.
Don't have anything against this project,as the guy who created it seems genius enough.But long term i dont see it having much of a future to replace real money.

pH Registered User
#294

Bloomberg have some sort of irrational hatred for bitcoin.

Seeing as all their financial reporting spectacularly failed to warn anyone about the US subprime meltdown and pretty much everything that happened in Europe, I'd take their dismissal of the future of bitcoin as a huge positive endorsement.

Global energy usage is somewhere around 300,000 gwh per day and bloomberg are calling an energy usage of 1gwh per day an "environmental disaster"?

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euroboom13 Registered User
#295

i only know two things about bitcoins

1)i wish boughts some to sell now
2) I would n`t even consider entering the game now , even if i could double /triple /quad....

RUN....to much hype

#297

zonEEE said:
yep, there's many that have already 25k+ orders with bufferfly labs. Its to late to make money mining bitcoins unless you already have a pre order in.
actually you could make more money on the pre orders

http://www.ebay.ie/itm/60-GH-s-Butterfly-Labs-Bitcoin-Miner-BitForce-SC-ASIC-Preorder-/321108528557?pt=LH_DefaultDomain_0&hash=item4ac38f4dad
At the time of this auction all I have is a order number and email from Butterfly labs

#298
brendan86 Registered User
#299

can someone please explain to me how to mine bitcoins.. what software etc would I need? Im google'ing it but cant seem to find much information about the process

Thanks
Brendan

pH Registered User
#300

brendan86 said:
can someone please explain to me how to mine bitcoins.. what software etc would I need? Im google'ing it but cant seem to find much information about the process

Thanks
Brendan


http://www.newslobster.com/random/how-to-get-started-using-your-gpu-to-mine-for-bitcoins-on-windows

However
A) It's pretty much pointless mining solo - you need to be in a guild.
B) Even with one of the very latest GPU cards running flat out 24/7 you will only make a few cents per day.
C) FPGAs are much more involved, you might pick them up 2nd hand but ...
D) ASICs are now here and nothing else really matters.

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