[QUOTE=Shadaez;30418233]yeah.. that's how these things work[/QUOTE]
I know- but I'm trying to see the point investing in something which is volatile?
Just cashed out my first 0.30, getting one free Steam key of any game, dunno what game yet. It's a "grab bag" but hey, 0.25 BTC for one key is p. good.
[QUOTE=FFStudios;30418270]Just cashed out my first 0.30, getting one free Steam key of any game, dunno what game yet. It's a "grab bag" but hey, 0.25 BTC for one key is p. good.[/QUOTE]
grab bag = pick out some dirt cheap indie game and make a profit.
dont trust the grab bags. ever.
[QUOTE=legolover122;30418360]grab bag = pick out some dirt cheap indie game and make a profit.
dont trust the grab bags. ever.[/QUOTE]
Worst case scenario, I start my own "grab bag" auction, use the key in it, then say supplies are limited and make even again. Best idea ever.
[QUOTE=FFStudios;30418270]Just cashed out my first 0.30, getting one free Steam key of any game, dunno what game yet. It's a "grab bag" but hey, 0.25 BTC for one key is p. good.[/QUOTE]
Where?
[QUOTE=FFStudios;30418373]Worst case scenario, I start my own "grab bag" auction, use the key in it, then say supplies are limited and make even again. Best idea ever.[/QUOTE]
Enjoy your Dark Messiah MP key.
[QUOTE=FFStudios;30418373]Worst case scenario, I start my own "grab bag" auction, use the key in it, then say supplies are limited and make even again. Best idea ever.[/QUOTE]
BRILLIANT!
i dont think that far ahead :v:
where do i sell stuff for tokens? forums require four hours to post elsewhere and i dont feel like waiting that long...
Go to the "Trade" section of the Bitcoin wiki and use any of the "classifieds" sites on there. I used Bitcoin Classifieds.
[QUOTE=Chuushajou;30418255]I know- but I'm trying to see the point investing in something which is volatile?[/QUOTE]
Making money, that's the point in ANY investment.
[QUOTE=SCopE5000;30418484]Making money, that's the point in ANY investment.[/QUOTE]
Yes, but wouldn't you be better off to go with a long term investment? compared to this..
[QUOTE=Chuushajou;30418926]Yes, but wouldn't you be better off to go with a long term investment? compared to this..[/QUOTE]
thats why there is long term investment and short term investment, because not everybody can wait 2 years to make a few hundred quid :)
[QUOTE=Bobie;30419087]thats why there is long term investment and short term investment, because not everybody can wait 2 years to make a few hundred quid :)[/QUOTE]
sucks for them, waiting it out and being patient helps you become incredibly more profitable
woop i just made another 0.17BTC how is bitclockers cracking the blocks so fast i don't even get it
Can someone explain what the miners are actually doing? What is a hash?
[QUOTE=FFStudios;30420243]woop i just made another 0.17BTC how is bitclockers cracking the blocks so fast i don't even get it[/QUOTE]
They were stuck on a pretty hard block two ago. I guess it's just luck.
0.99 BTC
waiting for that last 0.01 to be confirmed by BTC Guild
[QUOTE=acid;30420946]0.99 BTC
waiting for that last 0.01 to be confirmed by BTC Guild[/QUOTE]
oh god you're gonna be rich
[editline]12th June 2011[/editline]
Can someone better explain the whole block thing to me, I understand that all the miners help to break them, but what exactly [i]are[/i] they?
[QUOTE=Callius;30409598]That's the exact point, the volitilatly makes the market good for a quick hit and run investments. With stock markets you'd have to wait time for a several dollar return (unless they've just had a press announcement or disaster etc) where as with this you can invest in the morning and sell in in the afternoon and make some money. I would in no way advocate actually doing proper investments in this, only invest what you're not bothered to lose.
On another note I know a guy who got into Bitcoins really early and has got 6000BTC, he plans to crash the market by selling them all really cheaply in one go.[/QUOTE]
Despite the fact he could become fucking rich by selling them gradually
[QUOTE=Squarebob;30421007]Can someone better explain the whole block thing to me, I understand that all the miners help to break them, but what exactly [i]are[/i] they?[/QUOTE]
records of transactions
Here's a fairly good video on bitcoins, if you don't fully understand it. It starts about 41 minutes in (It's a Security Now podcast), though the link should automatically skip to that part:
[url]http://www.youtube.com/watch?v=XQPSwA2Itbs&t=41m56s[/url]
[QUOTE=benjgvps;30421553]Here's a fairly good video on bitcoins, if you don't fully understand it. It starts about 41 minutes in (It's a Security Now podcast), though the link should automatically skip to that part:
[url]http://www.youtube.com/watch?v=XQPSwA2Itbs&t=41m56s[/url][/QUOTE]
Thanks.
Out of curiosity, how long on average does it take to mine a bitcoin? If you're running your computer at full load 24/7 for days, you might end up consuming as much electricity as the value of the coins you mine.
[QUOTE=sanitarium.;30421793]Out of curiosity, how long on average does it take to mine a bitcoin? If you're running your computer at full load 24/7 for days, you might end up consuming as much electricity as the value of the coins you mine.[/QUOTE]
my favorite part was when you didnt bother to even skim this thread at all.
[QUOTE=skynrdfan3;30421924]my favorite part was when you didnt bother to even skim this thread at all.[/QUOTE]
It's 18 pages long. It would have been easier just to answer my question than type that sentence and a possible response to this post.
[QUOTE=sanitarium.;30422029]It's 18 pages long. It would have been easier just to answer my question than type that sentence and a possible response to this post.[/QUOTE]
Just the first post was too much for you?
oh nevermind I guess I didn't say.
It's dependent on your MHash anyways, we can't just read your mind and know how powerfully you can mine.
[QUOTE=Shadaez;30422053]It's dependent on your MHash anyways, we can't just read your mind and know how powerfully you can mine.[/QUOTE]
I'm not actually mining, I was wondering out of curiosity rather than trying to work out exact calculations. How long does it take you, for example? I just want to know if more power is being consumed than the value of bitcoins you generate.
Don't take this as an insult to bitcoins, I actually like the concept.
[QUOTE=sanitarium.;30422164]I'm not actually mining, I was wondering out of curiosity rather than trying to work out exact calculations. How long does it take you, for example? I just want to know if more power is being consumed than the value of bitcoins you generate.
Don't take this as an insult to bitcoins, I actually like the concept.[/QUOTE]
[img]http://puu.sh/2zWJ[/img]
This is the average it take to mine a single block at 170MHash/s.
I earn $7.20 roughly currently a day running 24/7 with a GTX 460 and a 4850 on 500W PSU @ 170MHash/s, others running a 5830 get 300MHash/s roughly for less power consumption.I'm just using what I have.
[QUOTE=Callius;30409598]That's the exact point, the volitilatly makes the market good for a quick hit and run investments. With stock markets you'd have to wait time for a several dollar return (unless they've just had a press announcement or disaster etc) where as with this you can invest in the morning and sell in in the afternoon and make some money. I would in no way advocate actually doing proper investments in this, only invest what you're not bothered to lose. [/quote]
The fact that the bitcoin market is so extremely volatile means that it cannot be taken seriously. I see people constalty sprouting crap that it's the next currency, it's going to replace USD for trade online, it's the future... all crap.
[QUOTE=Callius;30409598]On another note I know a guy who got into Bitcoins really early and has got 6000BTC, he plans to crash the market by selling them all really cheaply in one go.[/QUOTE]
Why? Why wouldn't he just sell them off slowly? People seem to think bitcoins actually mean something, so why not?
sighhh i gave in, i could use some extra funds for my forex trading account. i'm on bitclockers uploading at a measly 32 mh
[QUOTE=DogGunn;30423162]The fact that the bitcoin market is so extremely volatile means that it cannot be taken seriously. I see people constalty sprouting crap that it's the next currency, it's going to replace USD for trade online, it's the future... all crap.[/QUOTE]
The recent surge in popularity is the reason for the current volatility. Once the "get rich quick" novelty wears off, the currency should stabilize.
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