Topic: Bicoin biggest scam in the early history !!! - page 4. (Read 7860 times)
as i said in the other thread this why peer coin and nxt can sky rocket, mining tax/issue just not there.
Bitcoin works according to plan. Nothing to see here, move along.
Just look,
Bitcoin no longer any investors. Producers mining hardware have given up of investments in BTC,
so that Bitcoin machine is hungry and rapidly losing weight.
Mtgox has lost all credibility, and ordinary people can not raise BTC prices, just as they can not raise the price of LTC.
I'm sorry but the game is finished.
Bitcoin works according to plan. Nothing to see here, move along.
Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen
Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.
http://bitcoinwisdom.com/bitcoin/difficulty
Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.
https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen
Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.
http://bitcoinwisdom.com/bitcoin/difficulty
Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.
https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876
Nah, mining company only control the difficulty...
The only price they can set is the price of the mining equipment they manufacture ,that is also determined by what people will pay .
The difficulty controls miners not the other way round ,it is a mechanism to control the release of new bitcoins at a rate of average 10 minute intervals .
What is beautiful to see is that no-one or group have any control ,for the first time ,control has been automated and bitcoin is the first technology to be based on the new decentralised technology .
If a developer decides to build an auction platform from the decentralised network e-bay will cease to exist along with payPAL and its fees
Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen
Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.
http://bitcoinwisdom.com/bitcoin/difficulty
Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.
https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen
Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.
http://bitcoinwisdom.com/bitcoin/difficulty
Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.
https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876
Nah, mining company only control the difficulty...
Wow, you bought Bicoin? (see thread title). Yes, you did get scammed. Bitcoin is golden though.
It is doubtful that difficulty will double monthly for long.
$0.15/kWh seems expensive.
$0.15/kWh seems expensive.
FIAT is scam not BTC
I think bitcoin will be cheaper than litecoin,
the reasons are;
1. Bitcoin miner with invested 6000 USD (one card 600 GH/s) has profit about 5000 USD per month.
2. Litecoin miner with invested 6000 USD ( 4 grafic card about 6400 Kh/s) has profit about 700 usd per month.
Why are litcoin miners subordinates and less valuable of Bitcoin miners under the same conditions ?
Manufacturers ASIC hardware artificial raise the price, and when they go, the game is finished,
and that we will see very soon.
Check this, if 2000 GHash cost only 1 USD, then we have bitcoin max lifetime Aug-2014,
http://mining.thegenesisblock.com/a/d1e4ab822e
View Screen Capture
Check Bitcoin price and trading volume after Dec-2013
View Screen Capture
Check mining factor,
it is lowest for all time, will soon cross the red line,and then they will start massive sell-off ASIC mining hardware
View Screen Capture
the reasons are;
1. Bitcoin miner with invested 6000 USD (one card 600 GH/s) has profit about 5000 USD per month.
2. Litecoin miner with invested 6000 USD ( 4 grafic card about 6400 Kh/s) has profit about 700 usd per month.
Why are litcoin miners subordinates and less valuable of Bitcoin miners under the same conditions ?
Manufacturers ASIC hardware artificial raise the price, and when they go, the game is finished,
and that we will see very soon.
Check this, if 2000 GHash cost only 1 USD, then we have bitcoin max lifetime Aug-2014,
http://mining.thegenesisblock.com/a/d1e4ab822e
View Screen CaptureCheck Bitcoin price and trading volume after Dec-2013
View Screen CaptureCheck mining factor,
it is lowest for all time, will soon cross the red line,and then they will start massive sell-off ASIC mining hardware
View Screen Capture
Seems like it would be tough for minimg companies to have enough cash to manipulate the price that much, especially with all the big wigs getting invested in BTC lately.
http://mining.thegenesisblocks.com is a great calculator but the bitcoin mining HASHRATE will NOT increase at the set rate indefinitely.
Set the Increase Difficulty per month to 1000 MM and this will paint a more realistic picture, Albeit a continuous growth rather than the variable growth that will be apparent.
But I'm sure it will settle at the 450-700 MM per month rate
We have 18Th/s from multiple manufacturers on order - and we are still waiting in anticipation!!!!!
G
Set the Increase Difficulty per month to 1000 MM and this will paint a more realistic picture, Albeit a continuous growth rather than the variable growth that will be apparent.
But I'm sure it will settle at the 450-700 MM per month rate
We have 18Th/s from multiple manufacturers on order - and we are still waiting in anticipation!!!!!
G
In your words i can feel the hard feeling or Hard showing envy of early adopters and their achievements and advantages.
You are still not so far if you want then you also could start mining, Today also you can get in mining from 1K to 100K investment just different is that what you want to invest. Dont blame for your mistake.
Untill Bitcoin was few Cents and few Dollar no one fucking care and today you cant blame on it.
You are still not so far if you want then you also could start mining, Today also you can get in mining from 1K to 100K investment just different is that what you want to invest. Dont blame for your mistake.
Untill Bitcoin was few Cents and few Dollar no one fucking care and today you cant blame on it.
What achievements? What advantages?
His mistake? What mistake?
What blame?
Calm down. In your works I can feel young and tender age. Maybe a lack parental love, too.
Technology is beautiful.
Bitcoin price strongly drives the difficulty. More profit from mining means more people do it. Difficulty only weakly drives the Bitcoin price.
Why is this not in the mining discussion forum? I'm sure this has been debated to death.
Bitcoin price strongly drives the difficulty. More profit from mining means more people do it. Difficulty only weakly drives the Bitcoin price.
Why is this not in the mining discussion forum? I'm sure this has been debated to death.
Edit:
And I also think it is not realistic that a one PCI card of 600 Gh earns about 6000 USD per month.
https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html
And I also think it is not realistic that a one PCI card of 600 Gh earns about 6000 USD per month.
https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html
Well, that depends on when. If you had that BFL 600GH PCIe card in your hands today, you'd make a pretty decent return. By the time they actually ship, however, that's going to be significantly reduced.
Welcome to new difficulty 1.78 bilion, the next change is for about 10 days + 25-35 %
View Screen Capture
View Screen CaptureThe constant from all this is a Block reward every 10 minutes of currently 25 BTC.
This is the first, honest, self regulating invention ever .
Welcome to new difficulty 1.78 bilion, the next change is for about 10 days + 25-35 %
View Screen Capture
View Screen Capture"Think of it this way. When bitcoin first launched it had NO value at all, so it wasn't profitable to mine then and costed far more in electricity, but look where we are today."
That is a very good point.
That is a very good point.
Manufacturers ASICs hardware constantly rising bitcoin price,with relatively little money.
but it will not be much longer ,
max 4-6 next month, and after that bitcoin is dead.
The clear evidence for this is mining factor.
The minimum is 25 cents per GHash at 24h,
When it approaches the border 25 cents per Gh, Bitcoin price hard rising and make corection mining factor, above 25 cents per 1GHash at 24h.
The next difficulty rise is for about 7 days 20%, or BTC price go to 1300 USD, (each 10 days rising 20-25%)
Where is the end ? In april-2014 year we'll have the price 10 000 USD
Return back 5-6 post and try recalculate all.
People do not need a job, they will need only one or two PCI ASIC card,
and can earn 10-12k usd per month.
Realistic?
https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html
People do not need a job, they will need only one or two PCI ASIC card,
and can earn 10-12k usd per month.
Realistic?
https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html
I guess it is realistic if bitcoin is a disruptive technology
I am happy to travel and spend my life time as I wish instead of paying bills
"Think of it this way. When bitcoin first launched it had NO value at all, so it wasn't profitable to mine then and costed far more in electricity, but look where we are today."
That is a very good point.
That is a very good point.
Return back 5-6 post and try recalculate all.
People do not need a job, they will need only one or two PCI ASIC card,
and can earn 10-12k usd per month.
Realistic?
https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html
People do not need a job, they will need only one or two PCI ASIC card,
and can earn 10-12k usd per month.
Realistic?
https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html
Jump to: