• Bitcoin Thread V.2 - I Wish I Sold At @ $220
    460 replies, posted
I went ahead and checked my pyramining account today. Putting 4.5BTC in there a year ago was one of the best choices I ever made. Equivalent hashing power: 379.7MH/s that's up from like 40MH/s that I got from 4.5BTC last year. Not to mention, my account is only at 12% completion.
[QUOTE=Period;42074221]I went ahead and checked my pyramining account today. Putting 4.5BTC in there a year ago was one of the best choices I ever made. Equivalent hashing power: 379.7MH/s that's up from like 40MH/s that I got from 4.5BTC last year. Not to mention, my account is only at 12% completion.[/QUOTE] Oh wow! Thats awesome. Managed to find a ref link :D
And pyramining just jumped, majorly. Equivalent hashing power:979.9MH/s
Extreme useful guide on getting the most out of trading: [url]https://bitcointalk.org/index.php?topic=262525.msg2804198#msg2804198[/url] Keep in mind "big news" or random arabian princes discovering bitcoin will tend to break patterns so none of this is 100% risk free even if you fully understand and take everything into account. I.E. the big whale buys driving the price up to 148 or so this week (before they dropped again) were for the most part, against most reasonable logic and pattern and likely caused by some guy with a lot of money wanting to buy into the market. I've found these charts very useful since they incorporate everything the OP has mentioned: [url]http://bitcoinwisdom.com/[/url] (one thing to note that isn't explained is the time-settings mean how much time each step of the mouse along the X axis is, took me a minute to figure out that if I have it set to 1 week it means each step along the X axis in the chart is 1 week long not the whole chart representing 1 week) Using this advice and some general research, I've noticed a downward cross going on in BTC/LTC for BTC-E. I have a bunch of LTC stockpiled there so gonna sell some (not all) LTC for BTC as I feel like there is a good chance it'll trend downward for a bit from where it is now before an increase happens again. We'll see if it pays off in the short term or not. If not, I might lose out on 10LTC but if so I might gain 10LTC. [editline]6th September 2013[/editline] Annnnnd just my luck (this seems to always happen) a random rich dude decided to buy tens of thousands of dollars worth of LTC completely against the makret 30 minutes after I sold making the price go up massively. Lost 20ltc :( This seems to keep happening, and happening at complete random moments. It seems the market as a whole is on an uptrend, simply due to people with lots of money starting to jump in at random moments. Really risky to try and day trade for profit when one of those days you are trading on ends up being the day that a rich guy invests a huge amount of money into the system causing massive spikes.
So, I got around to getting one of these. I've heard so much about them, and how it's a stupid idea to mine BTC with GPUs now that these are a thing: [t]https://dl.dropboxusercontent.com/u/6643010/IMG_6388.jpg[/t] Took me half an hour to set up cause I had no idea what I was doing, I'm used to GPU mining, but once I got it going it's pretty cool. [editline]12th September 2013[/editline] also it'll melt the skin from your finger if you touch it.
[QUOTE=Binladen34;42161730]So, I got around to getting one of these. I've heard so much about them, and how it's a stupid idea to mine BTC with GPUs now that these are a thing: [t]https://dl.dropboxusercontent.com/u/6643010/IMG_6388.jpg[/t] Took me half an hour to set up cause I had no idea what I was doing, I'm used to GPU mining, but once I got it going it's pretty cool. [editline]12th September 2013[/editline] also it'll melt the skin from your finger if you touch it.[/QUOTE] I've been totally out of the scene. What is that? [editline]12th September 2013[/editline] and how does it hold up to the whole thing where your power bill for the computer can actually cost more than your earnings? [editline]12th September 2013[/editline] what would happen if everyone had that thing, if it is so useful?
[QUOTE=Bletotum;42162734]I've been totally out of the scene. What is that? [editline]12th September 2013[/editline] and how does it hold up to the whole thing where your power bill for the computer can actually cost more than your earnings? [editline]12th September 2013[/editline] what would happen if everyone had that thing, if it is so useful?[/QUOTE] It's an ASIC miner, they're 30$. I got mine from Ebay: [url]http://www.ebay.com/itm/190897066457?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1497.l2649[/url] Listing I used It only uses USB power, that being said it's very little power consumption. As far as I know, this is the best way to get entry level bitcoin mining to everyone. If everyone had them, everyone would be making bitcoins. As for how much it makes [t]http://puu.sh/4pn4b.png[/t] It's made 0.00093834BTC since I turned it on about 8 hours ago.
[url]http://facepunch.com/showthread.php?t=1260856&p=40315777&viewfull=1#post40315777[/url] Bugger.
Bump, bitcoins have been rising and are at £125/$200 USD a pop. Looks like they are gonna rise further. Get selling if you have any.
BFL just shipped my miner yesterday, I ordered it a year and a couple months ago and forgot about it lol
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