So will the BTC Value go down if the government sells it all?
Temporarily of course because of increased supply. But by how much and for how long depends on how government does the sale.
Topic: Best Starter Build? (Read 1219 times)
Temporarily of course because of increased supply. But by how much and for how long depends on how government does the sale.
So will the BTC Value go down if the government sells it all?
I think it will unless they sell it all to 1 entity and they hold on to it.
So will the BTC Value go down if the government sells it all?
FBI stole bitcoins from Silkroad.
I think the word you're looking for there is confiscated. When the government seizes assets from criminals the word is "confiscate".
I don't think they'll sell on exchanges, I expect it will go up for auction like other seized assets and it really depends on who buys them what happens. If an investor buys them they could very well hold on to them for a while or sell out over a long period of time to protect the value. Or they could crash the market by trying to sell them in one day. Can't say Bitcoin is dull.
I presume they have a responsibility to get the max $ value for US taxpayers? Therefore an auction is most likely, quite possibly split into several lots. Trying to sell quickly on an exchange would be great for people looking to get cheap coins, but terrible value for US taxpayers.
Keep in mind that the set of btc they plan on selling were taken from the Silk Road servers. Since no one claimed to owning Silk Road, no one claimed the btc.
The coins are basically found money. If no one claims money the government found it becomes property of the government. In this case everyone knows who owns the money, but there is no way anyone will say it is theirs.
The coins are basically found money. If no one claims money the government found it becomes property of the government. In this case everyone knows who owns the money, but there is no way anyone will say it is theirs.
Ah right, thanks for the explanation. Makes more sense now
FBI stole bitcoins from Silkroad.
I think the word you're looking for there is confiscated. When the government seizes assets from criminals the word is "confiscate".
I don't think they'll sell on exchanges, I expect it will go up for auction like other seized assets and it really depends on who buys them what happens. If an investor buys them they could very well hold on to them for a while or sell out over a long period of time to protect the value. Or they could crash the market by trying to sell them in one day. Can't say Bitcoin is dull.
oh wow, thats really really rediculous tbh. wow
Keep in mind that the set of btc they plan on selling were taken from the Silk Road servers. Since no one claimed to owning Silk Road, no one claimed the btc.
The coins are basically found money. If no one claims money the government found it becomes property of the government. In this case everyone knows who owns the money, but there is no way anyone will say it is theirs.
The coins are basically found money. If no one claims money the government found it becomes property of the government. In this case everyone knows who owns the money, but there is no way anyone will say it is theirs.
oh damn. Thats alot of fricked BTC. Do they still have some on silk road?
The guy that supposedly ran Silk Road has $120 million in BTC on his personal computer. The government may seize those as well and end up selling them.
That will take a lot more work from the lawyers to get those. Could be years away ... not worth worrying about at the moment. There isn't even a schedule to sell the first lot yet ...
He's not even been convicted of anything yet? Strange to me the government can sell anything but hey, I'm not American, don't understand their laws.
oh damn. Thats alot of fricked BTC. Do they still have some on silk road?
The guy that supposedly ran Silk Road has $120 million in BTC on his personal computer. The government may seize those as well and end up selling them.
I am trying to get into mining as well, the problem is that making a profit is almost impossible these days.
Pre-ordering a device is useless, all pre-orders are getting delayed. My estimate is that all the 2+TH/s machines will be useless from the end of march purely based on the estimated difficulty levels.
Then there is the FBI coming, they will soon sell over 30.000 coins. This could bring down the price of the bitcoins dramatically, some people say that the price will explode after this, but no one can know for sure.
Buy nothing lower than $3,50/GH/s today and start mining within 2 or 3 weeks or you will not see your money back.
But this is a interesting topic indeed.
Pre-ordering a device is useless, all pre-orders are getting delayed. My estimate is that all the 2+TH/s machines will be useless from the end of march purely based on the estimated difficulty levels.
Then there is the FBI coming, they will soon sell over 30.000 coins. This could bring down the price of the bitcoins dramatically, some people say that the price will explode after this, but no one can know for sure.
Buy nothing lower than $3,50/GH/s today and start mining within 2 or 3 weeks or you will not see your money back.
But this is a interesting topic indeed.
Problem is nobody knows when the FBI sale will happen or how it will take place. So many unknowns in the bitcoin space. Scary indeed if you are just thinking of mining, or worse, pre-ordering expensive ASICS
oh damn. Thats alot of fricked BTC. Do they still have some on silk road?
and i know xD
the 6 min post limit is stupid hahahah
and i know xD
the 6 min post limit is stupid hahahah
FBI stole bitcoins from Silkroad.If they sell all of 38 milion usd worth of bitcoins on exchanges they will block them like forever becuase no exhange has that many. Where can i buy them?
It will be like an DDoS attack (distributed denial of sevice)
The preorders are ASICs = application specific intended compueter. the application is to mine bitcoins. obiously they are better tha your gpus
WHEN THe FUCK DOEES THE FUCKING STUPID 6MIN IP LIMIT FUCKING COME OFF?!!!!!??!?!?!?!?!
It will be like an DDoS attack (distributed denial of sevice)
The preorders are ASICs = application specific intended compueter. the application is to mine bitcoins. obiously they are better tha your gpus
WHEN THe FUCK DOEES THE FUCKING STUPID 6MIN IP LIMIT FUCKING COME OFF?!!!!!??!?!?!?!?!
I am trying to get into mining as well, the problem is that making a profit is almost impossible these days.
Pre-ordering a device is useless, all pre-orders are getting delayed. My estimate is that all the 2+TH/s machines will be useless from the end of march purely based on the estimated difficulty levels.
Then there is the FBI coming, they will soon sell over 30.000 coins. This could bring down the price of the bitcoins dramatically, some people say that the price will explode after this, but no one can know for sure.
Buy nothing lower than $3,50/GH/s today and start mining within 2 or 3 weeks or you will not see your money back.
But this is a interesting topic indeed.
Pre-ordering a device is useless, all pre-orders are getting delayed. My estimate is that all the 2+TH/s machines will be useless from the end of march purely based on the estimated difficulty levels.
Then there is the FBI coming, they will soon sell over 30.000 coins. This could bring down the price of the bitcoins dramatically, some people say that the price will explode after this, but no one can know for sure.
Buy nothing lower than $3,50/GH/s today and start mining within 2 or 3 weeks or you will not see your money back.
But this is a interesting topic indeed.
Whats this about the FBI? I just want a small good build just to have it. I have some extra money, so i might as well invest a little. and what are the preorders? For what?
I'd be grateful to have some advice, as well.
I am trying to get into mining as well, the problem is that making a profit is almost impossible these days.
Pre-ordering a device is useless, all pre-orders are getting delayed. My estimate is that all the 2+TH/s machines will be useless from the end of march purely based on the estimated difficulty levels.
Then there is the FBI coming, they will soon sell over 30.000 coins. This could bring down the price of the bitcoins dramatically, some people say that the price will explode after this, but no one can know for sure.
Buy nothing lower than $3,50/GH/s today and start mining within 2 or 3 weeks or you will not see your money back.
But this is a interesting topic indeed.
Pre-ordering a device is useless, all pre-orders are getting delayed. My estimate is that all the 2+TH/s machines will be useless from the end of march purely based on the estimated difficulty levels.
Then there is the FBI coming, they will soon sell over 30.000 coins. This could bring down the price of the bitcoins dramatically, some people say that the price will explode after this, but no one can know for sure.
Buy nothing lower than $3,50/GH/s today and start mining within 2 or 3 weeks or you will not see your money back.
But this is a interesting topic indeed.
It would be really helpful for some of the people that are just starting to mine ( like myself ) too see some builds and other links for good starting builds.
This could be a very informational post. I am subscribing so that I can see the response as well.
Looking for a realy good starter build. I want to make an antminer or red fury mining system.
Please Link me to a good build.
Or post your build down here and tell what it is
Thanks!
Please Link me to a good build.
Or post your build down here and tell what it is
Thanks!
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