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I have Russian friends (and Ukraine family), and I can tell you they are interested, but for them it's (currently) much easier to get and hold Dollars (which they do for years already). Things will change when strong capital-controls are issued (but they don't expect that Poetin is that dumb).

Be aware that the (current) price of the Bitcoin-currency is no good representation of the booming ecosystem (which is still in the pre 1995 Internet period). This year the more than $500 million investment money didn't flow into the currency itself (as in previous years) but in start-up...

No currently they mine 3600 BTC per day.

Oh, yes: a solo-miner will very likely not solve the puzzle twice (which is needed to be profitable). Consider this: currently, for $10.000 you can buy (if you are lucky) a 8.000 Gh/s machine. With this machine and the current difficulty of the puzzle (244,314,890 Gh/s) you have a chance of...

Mining is the heart of the Bitcoin-protocol. The miners are the Accountants of the Ledger which holds virtual/digital-properties. These accountants check and validate if properties are real (not double-spend or counterfeited) and who are the rightful owners. This is nothing new (you don't need...

I do 100% agree! Stay away from any mining business and/or cloudhosting.

Aahhh??... you want to compare Credit-card costs that way? Well show us the real costs of Visa/MasterCard (man power, third-party-accountancy, fraud-insurance, computers, networks, electricity, housing an buildings all over the world) including the total market-cap of their stocks on all...

Currently we are in a booming lifecycle-phase of the Merchants (it's just going too well too fast: too many big and exiting Merchants join Bitcoin {today Uber and AirBNB are knocking on the gates, tomorrow it will be eBay }). This all causes sell-side pressure on the Bitcoin-price (each new...

The classic illegal stimulant for Trolls has been Slab, ammonium chloride cut with radium. However, there are a number of other less common and much more dangerous substances. Most, if not all of them, begin with an "s", but there are a few exceptions: Crystal Slam Scrape Slab Sleek...

A must see interview with Tim Draper, on Bloomberg-TV: http://www.bloomberg.com/video/bitcoin-may-transform-economic-system-draper-says-kjFEAMz_QMaaOHj~A46IqQ.html

Tim Draper bought them all, leaving 48 other large bidders in the dust... He very probably paid (far) above market-price, and will do great things with them: http://www.coindesk.com/silk-road-auction-winner-tim-draper-world-embrace-bitcoin/ All very bullish.

I agree to all the above pro's and con's. Can add the following: Litecoin became immense popular when the ASIC-hardware invaded the Bitcoin-space >> this pushed out all the PC's with VGA cards (whole farms of them in regular houses) to script-mining: especially Litecoin. This ASIC...

Better, to just ignore the Trolls.... Some more intelligent people write pieces like this: https://plus.google.com/+PeterHDiamandis/posts/dWQFcpcws8V

Yes, I'm aware of the glitches of POS as well as I'm aware of the glitches of POW (think 51% attack, which is very easy on such a Calimero coin like your beloved Gridcoin). That's why I like Myriad-coin (even Andreas mentioned it): much safer than any by its 5 different blockchains, and can...

Just a matter of time to port X11 to ASICS.... anyway: no need nor a market for Gridcoin... get real: it's listed at position 156: https://coinmarketcap.com/all.html Darkcoin (question from the other guy) at the other hand plays in a completely deferent league. That's X11, has a huge...

Phhfff... if that is your argument: then you should select pure POS (proof of Stake) coins: those don't use any energy what so ever, and thereby much and much better than Gridcoin (which is still a POW coin). For good POS coins look at: NXT and Blackcoin (and a lot of copycats of those two)...

Some day, all those ignorant naysayers will realize they missed their opportunity to prosperity (just as in 1995 they missed to see what Internet would bring). To all those Bitcoin-Trolls: "when you discuss what you do not understand, you inevitably end up looking like a fool".

Sure that's why Ebay and PayPal and probably YouTube will join soon. Man... so much ignorance here on ET...

Paper-Trade CV...... wow, you will impress the Twins. Man: just take for once a real-trade: wait till BTC falls a bit to say $550, and buy one coin....(or 1/10 of a coin, if it's too risky for you).

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