mtgox.com has the most volume
bitcoin's going up
- Thread starter abyssal_miss
- Start date
efwebs
Regular Member
- Aug 9, 2010
- 421
- 138
Sweet. I've had my computer churning away on these for a few months and have about 15 saved up. Might be time to cash out.
I was about breaking even with electricity costs when they were at $20 (but it was heating my office, so I thought it was a good trade)
I don't have anything fancy, just a $150 video card.
I was about breaking even with electricity costs when they were at $20 (but it was heating my office, so I thought it was a good trade)
I don't have anything fancy, just a $150 video card.
MaverickonRoids
Senior Member
- Jun 3, 2012
- 821
- 450
84.73USD per 1BT
http://coinmill.com/BTC_calculator.html#BTC=1
Things are getting interesting, folks.
http://coinmill.com/BTC_calculator.html#BTC=1
Things are getting interesting, folks.
abyssal_miss
Power Member
- Jun 18, 2011
- 621
- 140
lol, you don't know what you're talking about.
www.cnbc.com
article on bitcoin and how governments, corporations, investors, etc are considering crypto currency instead of $.
Investors are taking a serious look at it, and the smart ones are jumping on it right now, this is only the start.
abyssal_miss
Power Member
- Jun 18, 2011
- 621
- 140
#bitcoin-otc works well for me so far.
this is quite possible, but not absolute. If you look at the last several corrections, the value dropped quickly and severely (the last one was $75 to $52 in under an hour). But, what is more interesting to me is to see the recovery rates. That $52 turned into $65+ within 1/2 an hour or so.
So, just because the bubble pops, doesn't mean it is going to 0, and it definitely doesn't mean it won't recover Everyone else is waiting for cheap bitcoins, too.
- Jun 30, 2007
- 1,725
- 2,023
Cool, thanks for that link to CNBC.com's home page. Anyways, time will tell if I'm right. And it's great that speculators are driving the price up, too bad the majority of these investors will be hoarding these bitcoins. If the only purpose bitcoin serves is buying them to make money on them, then they aren't being used for their original purpose. Nowhere did I ever say or imply bitcoins were going to die, I believe they are here to stay. But I get the feeling this ridiculous surge in prices over the last 2 weeks wont last, the price will drop quite a bit and the process will start over.
Oh I agree, I don't mean a drop to $0 at all, I figure when it pops it's gonna go to down to like $25-40ish (just a random number, could be higher or lower), and tons of people are going to buy in and push the price back up. But as I said above, the real problem is the majority of the people driving up the price are speculators who are hoarding their coins, not spending and treating them as a currency.
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Personally I think the price of bitcoin is going to rise heavily so this might be a smart move to buy them now.
Why ? Probably due to the fact the asics has been released.
Just take a look at the difficulty of bitcoin mining from this chart:
http://www.bitcoinx.com/charts/
The difficulty has risen almost TWICE within a bit more than 1 month.
It's probable this huge rise in bitcoin mining difficulty is related to ASICs being delivered each and single day to customers right now.
So this is probably the main factor of the value of the bitcoin.
Mining becomes profitable only for those who have mining rigs.
Those with their "high end gpus" can either leave the game or try to get some cut of the cake by investing in rigs.
Just my 0.02 btc
Why ? Probably due to the fact the asics has been released.
Just take a look at the difficulty of bitcoin mining from this chart:
http://www.bitcoinx.com/charts/
The difficulty has risen almost TWICE within a bit more than 1 month.
It's probable this huge rise in bitcoin mining difficulty is related to ASICs being delivered each and single day to customers right now.
So this is probably the main factor of the value of the bitcoin.
Mining becomes profitable only for those who have mining rigs.
Those with their "high end gpus" can either leave the game or try to get some cut of the cake by investing in rigs.
Just my 0.02 btc
Gophering
Junior Member
- Mar 21, 2013
- 115
- 281
Personally I think the price of bitcoin is going to rise heavily so this might be a smart move to buy them now.
Why ? Probably due to the fact the asics has been released.
Just take a look at the difficulty of bitcoin mining from this chart:
The difficulty has risen almost TWICE within a bit more than 1 month.
It's probable this huge rise in bitcoin mining difficulty is related to ASICs being delivered each and single day to customers right now.
So this is probably the main factor of the value of the bitcoin.
Mining becomes profitable only for those who have mining rigs.
Those with their "high end gpus" can either leave the game or try to get some cut of the cake by investing in rigs.
Just my 0.02 btc
The rise in difficulty is an inherit part of the btc system and has little external influence.
Mining btcs will become more difficult as time goes by, as the rewarding mechanism continues to be split in half every 4 (not 100% sure on this) years, until there are no more btcs left (unit scarcity is also an inbuilt feature of the btc network). At which point the reward system will automatically switch to a transaction based one.
ShadeDream
BANNED
- Nov 27, 2008
- 2,296
- 5,536
Fuck me! Fuck me! Oh fuck me!
Edit: I just created a Bitcoin group for the interested, if we can get everyone that's interested in Bitcoins to join the group, we could compile some useful ideas as well as information beneficial to all. Rather than having this information spread across various threads we could have it all in one place over here: http://www.blackhatworld.com/blackhat-seo/groups/bhw-bitcoin-group.html
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- Aug 27, 2009
- 573
- 264
Never thought these bitcoins that I had sitting in my mtgox account would ever deliver. Just sold a bunch of them and already made 2500 $ profit . Just kept 10 in case prices keep going up
ItsWhiteHat
Registered Member
- Mar 1, 2013
- 65
- 7
There's no point mining anymore. Electricity bills cost more than what you make on GPU rigs. ASICs on the other hand, are the future to mining bitcoins. The Avalon V1 has already been released and working as promised for individuals that received it. It hashes at 68GH/s. GPUs will never be able to compete as the highest of the range maxes out at 200MH/s. If you want to mine properly, purchase the proper pick axe.
Bought 95 when it was around $10 each. I don't know much about stock market or exchanging. Planning to wait until it hits sky high and then trade it for GBP. Some people speculate on it reaching over $5k. Imagine that!
Bought 95 when it was around $10 each. I don't know much about stock market or exchanging. Planning to wait until it hits sky high and then trade it for GBP. Some people speculate on it reaching over $5k. Imagine that!
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psychodelic2
Junior Member
- Sep 29, 2011
- 157
- 87
so you think that your PC where you store "your precious" are really safe place to keep your lifes earnings?
psychodelic2
Junior Member
- Sep 29, 2011
- 157
- 87
so you think that your PC where you store "your precious" are really safe place to keep your lifes earnings?
buahaha..
http://money.cnn.com/2013/04/04/technology/bitcoin-cyber-attacks/index.html?hpt=hp_bn1
!!respekt my authoritay!!
- Jun 30, 2007
- 1,725
- 2,023
so you think that your PC where you store "your precious" are really safe place to keep your lifes earnings?
A) Ever heard of paper wallets?
B) Who in their right mind would invest their "life earnings" (I think you mean "life savings") into bitcoins? It's well-known that one should never invest more than they can afford to lose. And if you have a large sum invested into BTC, you'd be an idiot not to look into ways to keep them as secure as possible.
Total Noob
Banned - By Request
- May 10, 2009
- 2,446
- 2,732
Bought at $47
Sup bitches
Sup bitches