Bitcoin thread anyone?

Quote from newguy05:

Bitcoin is back and stable around $15, cant kill it! :D What happened was the hacker got into all of mtogx's accounts, looped through them and sold everything bringing the bitcoin value to $0.01 so he can bypass the $1000 daily withdraw limit ( $1000/0.01 is a lot of bitcoins he can transfer out). But i think mtgox shut everything down before he could transfer the bulk of the bitcoins out. Anyway lots of drama, i stick with tradehill.com.

Just dropped off my mining rig at the warehouse early this week, ended up building my own since noone have those damn graphic cards in stock. 2x radeon 5970 running 4x gpu - save some space than having 4x video cards in there. Without the blower fan, the temperature goes above the boiling point - 100C!

Time to mine some bitcoins! :p

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bitcoin is at $40+ now, all doubters suck it :p

the downside is my miner's coin generation rate has slowed significantly, as everyone and their mothers jump in the mining game making the hashrate to uncover 1 bitcoin much higher than before.

https://mtgox.com
 
Quote from newguy05:

bitcoin is at $40+ now, all doubters suck it :p
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Reminds me another quote:

"Isaac Newton: South Sea Company are at all time highs, I am gonna be rich suckers!"* :)

*For weekend reading:

"And back in the Spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he “could calculate the motions of the heavenly bodies, but not the madness of the people.” Newton dumped his South Sea shares , pocketing a 100% profit totaling 7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price – and lost 20,000 (or more than $3 million in today’s money). For the rest of his life, he forbade anyone to speak the words “South Sea” in his presence."
 
I bet your Canadian dollar would get you alot further if you were in Canada then being in the USA.

The extractor seems has only generated 40$ ?
Was this in a week?

I am wondering if part of the cost of the electricity could be subtracted from my heating bill ? Maybe space things out a bit more and use some heavy duty heat shields. This would meant moving Notherners would have more profit.

What is being processed any-ways ? how much internet is being used ?

If Bit-coin is leasing your PC, what are they doing with it ? Maybe J. Hershey is using your PC power to automate his trading system ?

You should out source your risk and sell bit coin computers! Refer some clients to me and I will sell them Big round rubber tires to dampen the vibrations of the beast that degrade at optimal levels.
 
Quote from traitor786:

I bet your Canadian dollar would get you alot further if you were in Canada then being in the USA.
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That's true if you ignore the downsides: living in Canada and Canadian taxes.

I rather earn a US dollar in Florida to spend on a lap dance with happy ending than a Canadian dollar earned in Quebec to spend on some french bitch.
 
Quote from bond_trad3r:

That's true if you ignore the downsides: living in Canada and Canadian taxes.

I rather earn a US dollar in Florida to spend on a lap dance with happy ending than a Canadian dollar earned in Quebec to spend on some french bitch.
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Well taxes is another world, If you are looking at economics, dont forgot your friend Bernake taxing you by not letting you take part in the imposed demand for the US dollar. You may not feel it yet but when the demand is not imposable you may. We also have the resources mining water electricity and trade channels to come in the north. Trees, beetles, maple syrup oil and education.

But the Florida sun beats all that. (for now) and french bitches are great as long as they are not there to as a heat source.

But I think Florida is full of the French is it not ? I never understood the relationship. But I guess we cover it here. sun in the winter and bitches in the summer !
 
Quote from Pekelo:

Forget Bitcoin, Litecoin is where the real money is. LTC is up 900% in the last 2 weeks...

http://www.litecoinpool.org/charts

It is easier to mine and it is at the beginning of the Ponzi.... That's where you want to get in...
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I see 2 weeks on the chart one of which is flat at 6 cents and the other jumps to 40 cents.

Please tell me its been running more then 2 weeks if not, the probability of it being a great is over shadowed by the practicability that is a scam.

288 users and "800" workers. Not knowing the math behind what a worker produces lets just assume (and hope) it is really hard to produce. This is like having 3 gold mining trucks for every human on the planet.

Again the math is unfare in the example. I would imagine a worker is also a user as a worker needs to use to sell. It is highly possible that most and maybe all users are workers. The only way it could be working is if there is a huge demand for this from out side the community. Inside the community there is probably no value and people are mining and can create for them selves.

out side demand would mean that it is excepted as a form of payment from many sites. (barring the fact that these sites would need to be users to convert.


highly unlikely, but possible.
 
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