Bicoin biggest scam in the early history !!! - page 5.

nastybit

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Quote from: igorr on January 05, 2014, 07:42:10 PM

If people want to pay bitcoin about 1 milion USD, in dec-2014, it's all right.

I can sell a couple to you if you have enough FIAT to wire over Europe.
What was the point of your thread anyway? Difficulty is controlled by miners, if it rises all the times it means that they have an incentive to enter.
What's not clear?

igorr

sr. member

Activity: 406

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If people want to pay bitcoin about 1 milion USD, in dec-2014, it's all right.

overunity

full member

Activity: 198

Merit: 100

The faster the hashrate in the network the higher difficulty gets, simple .no affect on price .
less miners, difficulty reduces or rises by less.No affect on price .

Potential affects :-

More miners ,more bitcoin for sale, price reduces .(need more buyers to stabilise price )
less miners putting bitcoin onto market, price rises .(need more sellers to stabilise price )

Difficulty is to control mining ,a block of bitcoin currently 25BTC will be created by mining on average every 10 minutes till 2140 .

ps . what difference does cleaning hardware have to do with anything ,cleaning equals taking dirt of bitcoin Huh

theking7426

newbie

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Quote from: Buffer Overflow on January 05, 2014, 07:20:47 PM

Quote from: igorr on January 05, 2014, 12:21:03 PM

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

I think you need to educate yourself how mining and difficulty work.

I totally agree.

As one who missed out on early adoption and has only been in the game for months instead of years i say to igorr...

The longer you keep yourself out of the crypto game the angrier you will be. I was told when I was going to get in crypto's that it was a bad idea.
Investment has been paid and I am still making a profit.

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.

igorr

sr. member

Activity: 406

Merit: 250

ASICs hardware race is in progress and Hashrate and difficulties will relentlessly grow.

Buffer Overflow

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Quote from: igorr on January 05, 2014, 12:21:03 PM

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

I think you need to educate yourself how mining and difficulty work.

igorr

sr. member

Activity: 406

Merit: 250

Quote from: Bitcoinpro on January 05, 2014, 02:26:10 PM

Quote from: igorr on January 05, 2014, 02:19:10 PM

Guys I'm sorry but the game is over,
and try understand this
http://mining.thegenesisblock.com/a/5600a160ea

its not even exponential

1GH is still doing 25 cents a day so it will still be doing 10 cents in a year and that's without a price rise

if 1GH doing for 25 cents, bitcoin price in Dec-2014 year will be $ 3.081.487 USD,
or the bitcoin price will be increased for 25% for every 10 days, because difficulty increase 25% evry 10 days Huh

but if 1GH doing for only 1 cents, bitcoin price in Dec-2014 year will be $ 123.259 USD Huh

Try calculate, the difference between the present difficulties and difficulties in Dec-2014 !!!
difficulties will increase 2300 times until Dec-2014 Huh

Diff in Dec-2014,

View Screen Capture

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

View Screen Capture

Bitcoinpro

legendary

Activity: 1344

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Quote from: igorr on January 05, 2014, 02:19:10 PM

Guys I'm sorry but the game is over,
and try understand this
http://mining.thegenesisblock.com/a/5600a160ea

its not even exponential

1GH is still doing 25 cents a day so it will still be doing 10 cents in a year and that's without a price rise

igorr

sr. member

Activity: 406

Merit: 250

Quote from: porcupine87 on January 05, 2014, 02:12:30 PM

Quote from: igorr on January 05, 2014, 12:53:29 PM

Bitcoin price it is impossible to follow the increment difficulties.
Before 2-3 days difficulty rise 20% and the price is the same jump 20% Huh

New difficulty rise about 25% for 9 days, what is the new bitcoin price for 9 days ? 1300 usd Huh

What is the bitcoin price for next 4 month ? 50 000 USD Huh

http://bitcoinwisdom.com/bitcoin/difficulty

What? Are you aware that mining equipment (ASICs) is getting cheaper and cheaper with lower power consumption. The next 28nm products (butterfly labs) costs neary 1/6 of the current 65nm products...
You can say that the average joe can't mine with his gpus, but I say, this is strengthen the security of Bitcoin transaction. How many computer do you have to infect to attack with this botnet the Bitcoin network?

nor ASiCs price of 1usd per 1PHash, can not save bitcoin, that he can only extend the life for 3-4 months

Check this, if is 2000 GHash cost only 1 USD, then we have bitcoin max lifetime Aug-2014,

http://mining.thegenesisblock.com/a/d1e4ab822e

View Screen Capture

xdigital

newbie

Activity: 41

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The increasing of difficulty is to make mining less profitable as possible. This is purposely designed and thought out by Satoshi.
Mining is the core of bitcoin protocol, it's there to maintain the network.

If it's "too profitable", people with a lot of money will dump their money to mining equipments and with enough money they can control the network.

igorr

sr. member

Activity: 406

Merit: 250

Guys I'm sorry but the game is over,
and try understand this
http://mining.thegenesisblock.com/a/5600a160ea

black_swan

newbie

Activity: 42

Merit: 0

Quote from: igorr on January 05, 2014, 12:21:03 PM

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%. Huh

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

It cannot be the most centralized currency, every country issues 1 currency, 1 currency 1 country.
There are more than 1 ASIC producer in the world.
My conclusion is that you are the most retarded troll on this forum

igorr

sr. member

Activity: 406

Merit: 250

Check this difficulty in Dec-2014 , diff about 3241 bilion

View Screen Capture

And check this,

View Screen Capture

RawDog

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Quote from: igorr on January 05, 2014, 12:21:03 PM

Bicoin is biggest scam in the early history,

...... and Bitcoin is dead.

Amen. It is stupid as hell and all-yall is gettin burned.

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: igorr on January 05, 2014, 12:53:29 PM

Bitcoin price it is impossible to follow the increment difficulties.
Before 2-3 days difficulty rise 20% and the price is the same jump 20% Huh

New difficulty rise about 25% for 9 days, what is the new bitcoin price for 9 days ? 1300 usd Huh

What is the bitcoin price for next 4 month ? 50 000 USD Huh

http://bitcoinwisdom.com/bitcoin/difficulty

What? Are you aware that mining equipment (ASICs) is getting cheaper and cheaper with lower power consumption. The next 28nm products (butterfly labs) costs neary 1/6 of the current 65nm products...
You can say that the average joe can't mine with his gpus, but I say, this is strengthen the security of Bitcoin transaction. How many computer do you have to infect to attack with this botnet the Bitcoin network?

igorr

sr. member

Activity: 406

Merit: 250