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 Bitcoin Thread v1, and other cryptocurrencies

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SUSManyGer
post Dec 7 2013, 12:13 PM

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where to trade ???.. how much to open an account ?
TScloudstrife07
post Dec 7 2013, 12:24 PM

I'm back, beaches!
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QUOTE(ManyGer @ Dec 7 2013, 12:13 PM)
where to trade ???.. how much to open an account ?
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there are several reputable trading sites. read the 1st page.

as for how much to open, there's no fee to open an account, just register username password, confirm your email then can trade already smile.gif
zamans98
post Dec 7 2013, 12:42 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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Another mini crash today.
noobandroid
post Dec 7 2013, 01:25 PM

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QUOTE(terradrive @ Dec 7 2013, 10:03 AM)
Mining on GPU is a waste of electricity now. Unless you just want to feel of owning little BTCs heh
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even also using usb eruptor?
terradrive
post Dec 7 2013, 01:29 PM

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QUOTE(noobandroid @ Dec 7 2013, 01:25 PM)
even also using usb eruptor?
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usb eruptor is ok, bitcoin mining is profitable only on ASIC miners now. But usb eruptor is running like 330MH/s, bitcoin's generation is slow because of the crazy difficulty spike. The arms race is the one causing this sillyness, crazy people keep putting higher and higher hashing machines and put the stakes even higher, padahal bitcoin's difficulty spike according to the total computational power. Total bitcoin's generation is still around the same per time frame, the only thing bigger hash machine's advantage is to take the higher percentage pie for the bitcoins, which is useless anyways since other people will pay so much to put in another faster machine.

For GPU mining better go find those coins that don't have ASIC hardware miners and dominated by GPU minings.

This post has been edited by terradrive: Dec 7 2013, 01:36 PM
WhatMan
post Dec 7 2013, 01:34 PM

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QUOTE
Bitcoin Crashed Today

Bitcoin's value plummeted today, by 25% from a high of over 1100 US dollars per BTC to a low value of under 830. The virtual currency, whose value has increased five-fold in just over one month, has been at risk of such a spectacular crash due to speculative investment in the now multibillion dollar market.

While the bitcoin market has historically been volatile, recent events have increased confidence in the currency. Prior to October, many investors avoided bitcoin due to the reputation of Silk Road - the largest bitcoin-only marketplace - as a trading post of illegal goods. Investors had long feared that a shutdown of Silk Road would result in a catastrophic crash of Bitcoin's exchange rate. However, following the October 1st arrest of Silk Road mastermind Ross Ulbricht and the site's shutdown, bitcoin's value dropped from 150 to 110 USD and within a week, recovered to 140 and continued to climb slowly.

At least two major events in November led to even more dramatic increases in Bitcoin investment, that ultimately brought about the current bubble. Increasing investment in China caused the BTC to USD exchange rate on the popular Mt. Gox exchange to reach 395 by mid-November. During the week of November 18th, US Senate hearings on virtual currencies revealed favorable opinions from lawmakers regarding the legitimate potential for cryptocurrencies in the US economy.

Mining pools have sprung up around the internet to support the currency's virtual mining efforts, and major commercial ASIC providers like Butterfly Labs have gone live, further increasing the miner volume.

Bitcoin continued to climb to this morning's value of over 1100, but confidence in Bitcoin was jarred by a change in its legal status in China, where yesterday it was announced that Chinese banks (but not citizens or exchanges) would be prohibited from all bitcoin transactions. Additionally, comments this week from Former Federal Reserve Chairman Alan Greenspan claiming that Bitcoin's value was in a "bubble," together with this morning's report from Merrill Lynch regarding overvaluation of BTC may have contributed to today's dramatic selling spree.

CORRECTION: A previous version of this article stated that bitcoins' value increased almost 10-fold in the course of one month; their value in fact increased five-fold.

http://www.huffingtonpost.com/2013/12/06/b..._n_4400623.html
No so mini-crash.
marfccy
post Dec 7 2013, 02:19 PM

Le Ponyland!!!
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QUOTE(ar188 @ Dec 7 2013, 11:32 AM)
as for this fella's comment.. it depends on rig.. if you got 6x 280x then you get more..
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he using single Gigabyte HD7950
Vesto
post Dec 7 2013, 02:46 PM

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anyone selling 10 litecoins? need it urgent
kennyy90
post Dec 7 2013, 02:53 PM

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QUOTE(Vesto @ Dec 7 2013, 02:46 PM)
anyone selling 10 litecoins? need it urgent
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i doubt anyone would sell you at this price.
Vesto
post Dec 7 2013, 02:54 PM

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QUOTE(kennyy90 @ Dec 7 2013, 02:53 PM)
i doubt anyone would sell you at this price.
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i dont mind higher
arbitrage001
post Dec 7 2013, 05:10 PM

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QUOTE(Vesto @ Dec 7 2013, 02:54 PM)
i dont mind higher
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I am selling litecoin and bitcoin.

What's your phone number?
ar188
post Dec 7 2013, 05:43 PM

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QUOTE(arbitrage001 @ Dec 7 2013, 05:10 PM)
I am selling litecoin and bitcoin.

What's your phone number?
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how many BTC you can sell? at 600? brows.gif
arbitrage001
post Dec 7 2013, 05:49 PM

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QUOTE(ar188 @ Dec 7 2013, 05:43 PM)
how many BTC you can sell? at 600? brows.gif
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Price has gone up quite a bit.

I obviously can not sell less than the exchange rate.


arbitrage001
post Dec 7 2013, 06:03 PM

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If anyone interested in buying and selling in the future. Send sms: 012 274 0518.

My handler on localbitcoin:
https://localbitcoins.com/accounts/profile/arbitrage001/
https://localbitcoins.com/ad/54461/buy-bitc...lumpur-malaysia


Or if anyone interested in mining equipment with positive return of investment rather than gambling on bitcoin:
https://bitcointalk.org/index.php?topic=854...0300#msg3780300




Good luck for those holding bitcoin.

This post has been edited by arbitrage001: Dec 7 2013, 06:11 PM
coklatua
post Dec 7 2013, 08:01 PM

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Guys, wta here. How long my active order at btc-e will be active?

This post has been edited by coklatua: Dec 7 2013, 08:05 PM
sirxl
post Dec 7 2013, 10:05 PM

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QUOTE(rhoyo @ Dec 7 2013, 11:34 AM)
i have question i already install bitcoin .. how to setup the wallet thingy . do i need a paypal account or use CIMB account or else

total noob lolz
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join our group.
http://bitcoinmalaysia.com/product/kakaotalk-chat-group-1/
sirxl
post Dec 7 2013, 10:06 PM

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QUOTE(zamans98 @ Dec 7 2013, 12:42 PM)
Another mini crash today.
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buy low, sell high.
noobandroid
post Dec 7 2013, 10:59 PM

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reading too much makes me lose confidence in gpu mining. those ASIC builds really taxing us GPU miners, makes me feel like follow advice and give up gpu mining, since my gpu isnt anything power also, just a hd6850
Dixon93
post Dec 7 2013, 11:08 PM

huh what?
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QUOTE(noobandroid @ Dec 7 2013, 10:59 PM)
reading too much makes me lose confidence in gpu mining. those ASIC builds really taxing us GPU miners, makes me feel like follow advice and give up gpu mining, since my gpu isnt anything power also, just a hd6850
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try focus on litecoin instead? since theres no specific mining hardware for litecoin yet
red streak
post Dec 7 2013, 11:37 PM

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QUOTE(sirxl @ Dec 7 2013, 10:05 PM)
Fuiyo, got membership charge. brows.gif

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