[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 214.

bspurloc

hero member

Activity: 569

Merit: 500

Quote from: desired_username on September 30, 2014, 10:36:36 AM

Quote from: TradersWay.JC on September 30, 2014, 10:31:03 AM

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

Indeed, I completely agree with this part. Perfectly illustrates how early we are. Look into hedging, hopefully it will be a reality soon for bitcoin.

Also, stability comes with wider adoption and better coin distribution.

If you run a btc business the least you can do is to pay your expenses in btc (eg.: internet services and other things that you can buy with btc) and urge your suppliers/utility companies/employees to accept it.

I doubt the BTC will ever be stable enough for a company to keep its cash in BTC.
there are too many devious ways to manipulate it.
Companies only care about profit which means you must cash out asap. dropping on 1% is a 1% loss and a loss is bad, the ceo doesnt get a 10% bonus with a 1% loss!

bspurloc

hero member

Activity: 569

Merit: 500

Quote from: moss on September 30, 2014, 05:18:20 AM

Quote from: wasikidding on September 29, 2014, 11:37:02 PM

:oLast day of Sept. lets get the rain dance started early 10 blocks today or bust......... Grin

Hope it's not bust, lol. We've already got 3 today (UTC time), so perhaps 6 is a good possibility? I'm with you, though, mate - happy to take the 10 if we can get it! Grin

at present diff we just need to do 4.5 a day to exceed other pools!

of course I moved some off during the 10 hours ones and got too lazy to move them back! haha....
I need to write a script for the ones I am flipping the GUI is too annoying.

desired_username

hero member

Activity: 886

Merit: 1013

Quote from: TradersWay.JC on September 30, 2014, 10:31:03 AM

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

Indeed, I completely agree with this part. Perfectly illustrates how early we are. Look into hedging, hopefully it will be a reality soon for bitcoin.

Also, stability comes with wider adoption and better coin distribution.

If you run a btc business the least you can do is to pay your expenses in btc (eg.: internet services and other things that you can buy with btc) and urge your suppliers/utility companies/employees to accept it.

TradersWay.JC

full member

Activity: 158

Merit: 100

Our brokerage doesn't keep the coins. We immediately sell them and convert to USD. However, we do keep the coins we mine.

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

desired_username

hero member

Activity: 886

Merit: 1013

Quote from: cris12821 on September 30, 2014, 09:51:35 AM

Quote from: desired_username on September 30, 2014, 09:42:26 AM

It wasn't an offense, only that the recent price moves are anything but extraordinary when it comes to bitcoin.

Yea.. And I was merely just asking a questions for all u bitcoin mathmaeticians. That know a lot more with it all and stuff.

I'm aware this kind if thing happens with btc. It'd s just nice to get info sometimes, info on your theories.

In my view the following aspects have the most significant effect on the bitcoin markets (not in any specific order):

- Annual inflation of 10%

- Most merchants do not keep considerable amount of btc, they convert at POS (hopefully this will change with wider adoption and hedging)

- Regulatory uncertainties and the hostile attitude of banks and MSM

- Demand because of utility (be it remittance, dnm, gambling, porn, speculation, etc)

- Sub-optimal coin distribution

Considering that the fundamentals have not been changed or affected, I think there's no reason to be concerned, though volatility can be expected for many years to come. At the end of the day, it all comes down to supply and demand (and your personal risk tolerance). For me bitcoin is a definite buy below 450.

btw, nobody knows considerably more than you, so you shouldn't listen to anyone but yourself. for most people it's a random walk.

cris12821

full member

Activity: 130

Merit: 100

Quote from: desired_username on September 30, 2014, 09:42:26 AM

Quote from: cris12821 on September 30, 2014, 09:16:31 AM

Quote from: desired_username on September 30, 2014, 08:22:39 AM

Quote from: cris12821 on September 29, 2014, 07:07:47 PM

Hey all y'all smarty pants.

Wondering if Anyone has any brilliant predictions or explanations as to why the $/btc is plummeting so insanely quick.

You must be new. Cheesy

Strap on your seatbelts.

Not rlly. I'm a pretty old member. Iv just never spoken cause my IP was banned and never cared to fix it. (I used a proxy, I like my security)

I like his I ask something. And just cause I asked... Oh u must be new.
Talk about accusations and judgemental

It wasn't an offense, only that the recent price moves are anything but extraordinary when it comes to bitcoin.

Yea.. And I was merely just asking a questions for all u bitcoin mathmaeticians. That know a lot more with it all and stuff.

I'm aware this kind if thing happens with btc. It'd s just nice to get info sometimes, info on your theories.

desired_username

hero member

Activity: 886

Merit: 1013

Quote from: cris12821 on September 30, 2014, 09:16:31 AM

Quote from: desired_username on September 30, 2014, 08:22:39 AM

Quote from: cris12821 on September 29, 2014, 07:07:47 PM

Hey all y'all smarty pants.

Wondering if Anyone has any brilliant predictions or explanations as to why the $/btc is plummeting so insanely quick.

You must be new. Cheesy

Strap on your seatbelts.

Not rlly. I'm a pretty old member. Iv just never spoken cause my IP was banned and never cared to fix it. (I used a proxy, I like my security)

I like his I ask something. And just cause I asked... Oh u must be new.
Talk about accusations and judgemental

It wasn't an offense, only that the recent price moves are anything but extraordinary when it comes to bitcoin.

cris12821

full member

Activity: 130

Merit: 100

Quote from: desired_username on September 30, 2014, 08:22:39 AM

Quote from: cris12821 on September 29, 2014, 07:07:47 PM

Hey all y'all smarty pants.

Wondering if Anyone has any brilliant predictions or explanations as to why the $/btc is plummeting so insanely quick.

You must be new. Cheesy

Strap on your seatbelts.

Not rlly. I'm a pretty old member. Iv just never spoken cause my IP was banned and never cared to fix it. (I used a proxy, I like my security)

I like his I ask something. And just cause I asked... Oh u must be new.
Talk about accusations and judgemental

desired_username

hero member

Activity: 886

Merit: 1013

Quote from: cris12821 on September 29, 2014, 07:07:47 PM

Hey all y'all smarty pants.

Wondering if Anyone has any brilliant predictions or explanations as to why the $/btc is plummeting so insanely quick.

You must be new. Cheesy

Strap on your seatbelts.

moss

member

Activity: 98

Merit: 10

Quote from: wasikidding on September 29, 2014, 11:37:02 PM

:oLast day of Sept. lets get the rain dance started early 10 blocks today or bust......... Grin

Hope it's not bust, lol. We've already got 3 today (UTC time), so perhaps 6 is a good possibility? I'm with you, though, mate - happy to take the 10 if we can get it! Grin

wasikidding

sr. member

Activity: 268

Merit: 250

:oLast day of Sept. lets get the rain dance started early 10 blocks today or bust......... Grin

cris12821

full member

Activity: 130

Merit: 100

Quote from: bspurloc on September 29, 2014, 09:30:13 PM

Quote from: bobsav2121 on September 29, 2014, 11:56:16 AM

Quote from: jterry211 on September 29, 2014, 11:31:43 AM

Quote from: cris12821 on September 29, 2014, 11:16:35 AM

Quote from: bspurloc on September 29, 2014, 10:54:33 AM

Quote from: cris12821 on September 28, 2014, 04:53:08 PM

This is sort is sort if off topic. (Slush seems to have been doing a bit bad lately since diff rise)

I'm sellingn some of my Antminer s1s to upgrade to s3s. I'm not 100% on the whole how the shipping works.

Butm willing to sell $130 CAD ea miner.

Or 4 miners for $90 CAD EA 1 PSU for every 2 miners bought.

I'll also throw in a free 2gh/s USB miner for free.

I accept PayPal or payment by bitcoin.

Just send me a mssg if your interested.

I'm not reall dedicated to the s3 but all I need is a miner a bit more powerful than the s1.

Offers???

s1's on ebay are dropping for $50-70 USD. r u saying $130 each? Huh

Well thats good for other people. Loosing profit Tongue

why would i lower the price when i have tons of buyers? I dont get it. IF people dont want it or some shit, why respond to it.

People can sell em for w.e the hell they want, as long as ur making money off it. I've made $20-50 more than what I spent to buy them/

Testy Testy...

JT

He's not being testy your being a jerk, mind you own business its a free country he can ask anything he wants for his stuff without you throwing your 2 cents into something
that is non of your business.

Bob

and I can ask if he meant $130 when they are selling for under $80 on ebay...
The odd thing is to get all angry cuz someone noted they are much cheaper somewhere else...
When u r buying its ok but when u r selling its OMG no u dint!

Loo EXACTLY.

And if people would read first.... It usually says. "Mssg me to work something out". Yet people just complain and complain about ur cost or offer or w.e

This is another reason iblove slush. Respect. And care some of u have.... And lots ofnit

bspurloc

hero member

Activity: 569

Merit: 500

Quote from: bobsav2121 on September 29, 2014, 11:56:16 AM

Quote from: jterry211 on September 29, 2014, 11:31:43 AM

Quote from: cris12821 on September 29, 2014, 11:16:35 AM

Quote from: bspurloc on September 29, 2014, 10:54:33 AM

Quote from: cris12821 on September 28, 2014, 04:53:08 PM

This is sort is sort if off topic. (Slush seems to have been doing a bit bad lately since diff rise)

I'm sellingn some of my Antminer s1s to upgrade to s3s. I'm not 100% on the whole how the shipping works.

Butm willing to sell $130 CAD ea miner.

Or 4 miners for $90 CAD EA 1 PSU for every 2 miners bought.

I'll also throw in a free 2gh/s USB miner for free.

I accept PayPal or payment by bitcoin.

Just send me a mssg if your interested.

I'm not reall dedicated to the s3 but all I need is a miner a bit more powerful than the s1.

Offers???

s1's on ebay are dropping for $50-70 USD. r u saying $130 each? Huh

Well thats good for other people. Loosing profit Tongue

why would i lower the price when i have tons of buyers? I dont get it. IF people dont want it or some shit, why respond to it.

People can sell em for w.e the hell they want, as long as ur making money off it. I've made $20-50 more than what I spent to buy them/

Testy Testy...

JT

He's not being testy your being a jerk, mind you own business its a free country he can ask anything he wants for his stuff without you throwing your 2 cents into something
that is non of your business.

Bob

and I can ask if he meant $130 when they are selling for under $80 on ebay...
The odd thing is to get all angry cuz someone noted they are much cheaper somewhere else...
When u r buying its ok but when u r selling its OMG no u dint!

cris12821

full member

Activity: 130

Merit: 100

Quote from: wasikidding on September 29, 2014, 07:21:14 PM

Quote from: wasikidding on September 29, 2014, 07:18:48 PM

Quote from: cris12821 on September 29, 2014, 07:07:47 PM

Hey all y'all smarty pants.

Wondering if Anyone has any brilliant predictions or explanations as to why the $/btc is plummeting so insanely quick. At the rate it going. It'll be like $340-80 by mid Oct.

It would be nice to have a $/btc rise instead of $/btc plummet and a difficulty skyrocket.

Still making profit. But all these factors. And the slow blocks, are makingnit a lot harder to make money.

Any ideas why it went to $500 for like 2-3 days, and all of a sudden back to plummeting yet seems to be plumettingba hell of a lot faster.

there was an article i was reading said the surge was by bullish peeps trying to kickstart next increase but in article before we hit 380 they were saying 320-380 should be the bottom if the previous corrections etc since the 1k days in dec then should start its rise again but who knows downward pressure keeps increasing dish network overstock ebay etc

all I know is I bought a cointerra IV 2 weeks ago for 1.15 btc or 550 us know it is only like 420 or so but for me i have already gotten .75 of a btc back so hopefully if diff stays thru next change should roi in 2 weeks

Oh dang. Yea it usually get worse before it ever gets any better. Kind of expecting the drop.

Cheesy

. God I hope it goes back up soon. Iv been keeping a mad close eye on the btc diff. So far... Its going to drop.

Started at buying 9 ms1 for $80.00 ea. Had 1.3th/s running for 1 1/2 weeks. Now im seling em for $130 ea

WHICH IS INDEED WORKING.

So I can upgrade to s3s. Going pretty well.

I wish all my luck to slush and the $/btc price.

wasikidding

sr. member

Activity: 268

Merit: 250

Quote from: wasikidding on September 29, 2014, 07:18:48 PM

Quote from: cris12821 on September 29, 2014, 07:07:47 PM

Hey all y'all smarty pants.

Wondering if Anyone has any brilliant predictions or explanations as to why the $/btc is plummeting so insanely quick. At the rate it going. It'll be like $340-80 by mid Oct.

It would be nice to have a $/btc rise instead of $/btc plummet and a difficulty skyrocket.

Still making profit. But all these factors. And the slow blocks, are makingnit a lot harder to make money.

Any ideas why it went to $500 for like 2-3 days, and all of a sudden back to plummeting yet seems to be plumettingba hell of a lot faster.

there was an article i was reading said the surge was by bullish peeps trying to kickstart next increase but in article before we hit 380 they were saying 320-380 should be the bottom if the previous corrections etc since the 1k days in dec then should start its rise again but who knows downward pressure keeps increasing dish network overstock ebay etc

all I know is I bought a cointerra IV 2 weeks ago for 1.15 btc or 550 us know it is only like 420 or so but for me i have already gotten .75 of a btc back so hopefully if diff stays thru next change should roi in 2 weeks

wasikidding

sr. member

Activity: 268

Merit: 250

Quote from: cris12821 on September 29, 2014, 07:07:47 PM

Hey all y'all smarty pants.

Wondering if Anyone has any brilliant predictions or explanations as to why the $/btc is plummeting so insanely quick. At the rate it going. It'll be like $340-80 by mid Oct.

It would be nice to have a $/btc rise instead of $/btc plummet and a difficulty skyrocket.

Still making profit. But all these factors. And the slow blocks, are makingnit a lot harder to make money.

Any ideas why it went to $500 for like 2-3 days, and all of a sudden back to plummeting yet seems to be plumettingba hell of a lot faster.

there was an article i was reading said the surge was by bullish peeps trying to kickstart next increase but in article before we hit 380 they were saying 320-380 should be the bottom if the previous corrections etc since the 1k days in dec then should start its rise again but who knows downward pressure keeps increasing dish network overstock ebay etc

cris12821

full member

Activity: 130

Merit: 100

Hey all y'all smarty pants.

Wondering if Anyone has any brilliant predictions or explanations as to why the $/btc is plummeting so insanely quick. At the rate it going. It'll be like $340-80 by mid Oct.

It would be nice to have a $/btc rise instead of $/btc plummet and a difficulty skyrocket.

Still making profit. But all these factors. And the slow blocks, are makingnit a lot harder to make money.

Any ideas why it went to $500 for like 2-3 days, and all of a sudden back to plummeting yet seems to be plumettingba hell of a lot faster.

wasikidding

sr. member

Activity: 268

Merit: 250

Quote from: jterry211 on September 29, 2014, 05:09:06 PM

Quote from: Billbags on September 29, 2014, 04:44:08 PM

Bitcoin Bank Finally Opens.....

Wow, no more "Back Alley" bitcoin transactions. Online wallets that are insured. No wait time like Coinbase. Credit Cards accepted with no hassles and no fees. Deposit or fund straight from your normal Bank. F2A protection.
It's called Circle. I linked to article, you Google site yourself. Tried it out today, EASY-SAFE-QUICK.

http://www.cnet.com/news/bitcoin-startup-circle-opens-to-the-public-around-the-world/

Did you buy or sale coins? Been looking for a new exchange, that is if that's what this is.

JT

i bought with cc paid a 2.00 processing fee no circle fee so 1 btc cost me 379.00 not bad had to use cc as bank acct has to wait for deposit verification

jterry211

member

Activity: 114

Merit: 10

Quote from: Billbags on September 29, 2014, 04:44:08 PM

Bitcoin Bank Finally Opens.....

Wow, no more "Back Alley" bitcoin transactions. Online wallets that are insured. No wait time like Coinbase. Credit Cards accepted with no hassles and no fees. Deposit or fund straight from your normal Bank. F2A protection.
It's called Circle. I linked to article, you Google site yourself. Tried it out today, EASY-SAFE-QUICK.

http://www.cnet.com/news/bitcoin-startup-circle-opens-to-the-public-around-the-world/

Did you buy or sale coins? Been looking for a new exchange, that is if that's what this is.

JT

Billbags

sr. member

Activity: 280

Merit: 250

Brainwashed this way

It's definitely time to buy!!!!!!!

Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 214. (Read 4382653 times)