End of Big Miners - page 3. | Bitcointalksearch.org

beekeeper

sr. member

Activity: 406

Merit: 250

LTC

Quote from: Gator-hex on October 18, 2013, 07:20:33 PM

Quote from: hulk on October 16, 2013, 11:01:23 AM

Quote from: timk225 on October 16, 2013, 10:36:03 AM

Bitcoin 2 already exists. It's called LiteCoin.

Ha, too bad my ASIC won't work on that

That's the whole point, they designed it so it could only be run on a PC, so nobody could make you pay 1 years forward production for some fancy electronics only a few control production of.

Can be run on FPGAs too, check my sig. Tongue

Gator-hex

hero member

Activity: 490

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Quote from: hulk on October 16, 2013, 11:01:23 AM

Quote from: timk225 on October 16, 2013, 10:36:03 AM

Bitcoin 2 already exists. It's called LiteCoin.

Ha, too bad my ASIC won't work on that

That's the whole point, they designed it so it could only be run on a PC, so nobody could make you pay 1 years forward production for some fancy electronics only a few control production of.

They also fixed the 51% and it goes tits up bug.

And they fixed the transactions will be too costly if the currency ever takes off, in processor time, bug.

It is in all respects Bitcoin 2.0 Wink

timk225

hero member

Activity: 955

Merit: 1004

BTC had quite a few price ups and downs in its earlier days, research the historical charts on it.

Now's the time to get into LTC hardcore style. I have 190 LTC I'll sell for $1000 US Dollars.

And yes, that's above the current market price, but it is far below what the price will be in 6 months! Get them now while you can! First come first served! PM me.

Samir_H

member

Activity: 83

Merit: 10

Quote from: PrintMule on October 16, 2013, 03:21:53 PM

Quote from: timk225 on October 16, 2013, 10:36:03 AM

Bitcoin 2 already exists. It's called LiteCoin.

But it's price is going down and down and down

Almost dead at the moment.

PrintMule

hero member

Activity: 980

Merit: 500

FREE $50 BONUS - STAKE - [click signature]

Quote from: timk225 on October 16, 2013, 10:36:03 AM

Bitcoin 2 already exists. It's called LiteCoin.

But it's price is going down and down and down

hulk

sr. member

Activity: 392

Merit: 250

Quote from: timk225 on October 16, 2013, 10:36:03 AM

Bitcoin 2 already exists. It's called LiteCoin.

Ha, too bad my ASIC won't work on that

timk225

hero member

Activity: 955

Merit: 1004

Bitcoin 2 already exists. It's called LiteCoin.

hulk

sr. member

Activity: 392

Merit: 250

Quote from: donut on October 15, 2013, 11:52:48 AM

Quote from: hulk on October 15, 2013, 08:13:22 AM

Everyone would be mining Bitcoin 2 by then, created after Bitcoin have all 21 million coin mined.

That's what transaction fees are for. There will be no Bitcoin 2.

Why not? Did the creator mention something about this?

alp

full member

Activity: 284

Merit: 101

Quote from: timk225 on October 10, 2013, 12:00:37 PM

Bitcoin will not have a huge price increase, it will not even get to $200 again. Watch and see, keep your money out of BTC!

LiteCoin is poised to pop way up soon.

Pretty high amount of wrong per word in this post! Congratulations.

donut

sr. member

Activity: 248

Merit: 252

Quote from: hulk on October 15, 2013, 08:13:22 AM

Everyone would be mining Bitcoin 2 by then, created after Bitcoin have all 21 million coin mined.

That's what transaction fees are for. There will be no Bitcoin 2.

hulk

sr. member

Activity: 392

Merit: 250

Everyone would be mining Bitcoin 2 by then, created after Bitcoin have all 21 million coin mined.

deepceleron

legendary

Activity: 1512

Merit: 1036

Somebody's not following the rules - it is supposed to be six blocks an hour...

263765 (Main Chain)    2013-10-15 05:22:16
263764 (Main Chain)    2013-10-15 05:19:42
263763 (Main Chain)    2013-10-15 05:19:09
263762 (Main Chain)    2013-10-15 05:16:35
263761 (Main Chain)    2013-10-15 05:15:05
263760 (Main Chain)    2013-10-15 05:03:09
263759 (Main Chain)    2013-10-15 05:00:28
263758 (Main Chain)    2013-10-15 04:59:58
263757 (Main Chain)    2013-10-15 05:00:04
263756 (Main Chain)    2013-10-15 05:02:30

challen

newbie

Activity: 48

Merit: 0

I think the 28nm ASIC's are being tested with this crazy increase in difficulty.

polarhei

sr. member

Activity: 462

Merit: 250

Firing it up

Quote from: Hiroaki on October 10, 2013, 11:36:04 AM

You forget one thing. Technology is improving massively.
There will be much more efficient chips available...

That depends the popularity, bigger miners will be available just in limited basis, I personally like to obtain one. But think carefully, I select a mining contract instead of obtaining big equipment as the game becomes more difficult, upgrading will be more often.

cowandtea

sr. member

Activity: 434

Merit: 250

Quote from: timk225 on October 11, 2013, 10:45:30 AM

Watch and see. Mt. Gox is about to add LTC to its list. I have inside information.

If I were you, I'd be buying up LTC right now, like this one on ebay:

http://www.ebay.com/itm/ONE-HUNDRED-LITECOIN-crypto-currency-available-NOW-100-LTC-/131015977682?pt=US_World_Coins&hash=item1e81292ad2

Waiting and waiting and waiting, hopefully they add LTC before the government take them down.

timk225

hero member

Activity: 955

Merit: 1004

That's what I'm hoping for, a FOOL to come along on ebay (it's MY auction! Grin

)

There's people dumb enough to continue buying ASICs and USB Erupters, so maybe I can find a moron to pay me nearly 3X the going rate on some of my LTC!

ishkur

full member

Activity: 219

Merit: 100

Quote from: timk225 on October 11, 2013, 10:45:30 AM

Watch and see. Mt. Gox is about to add LTC to its list. I have inside information.

If I were you, I'd be buying up LTC right now, like this one on ebay:

http://www.ebay.com/itm/ONE-HUNDRED-LITECOIN-crypto-currency-available-NOW-100-LTC-/131015977682?pt=US_World_Coins&hash=item1e81292ad2

Only a fool would buy at those prices

Here is a much better/cheaper option which will save you $385.00

http://www.coin-daddy.com/#!product/prd2/1097137491/coin-daddy-silver-package-3

timk225

hero member

Activity: 955

Merit: 1004

Watch and see. Mt. Gox is about to add LTC to its list. I have inside information.

If I were you, I'd be buying up LTC right now, like this one on ebay:

http://www.ebay.com/itm/ONE-HUNDRED-LITECOIN-crypto-currency-available-NOW-100-LTC-/131015977682?pt=US_World_Coins&hash=item1e81292ad2

PrintMule

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Activity: 980

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FREE $50 BONUS - STAKE - [click signature]

Quote from: timk225 on October 10, 2013, 12:00:37 PM

Bitcoin will not have a huge price increase, it will not even get to $200 again. Watch and see, keep your money out of BTC!

LiteCoin is poised to pop way up soon.

It's going down. At least with btc you have some "guaranteed value" while litecoin is kept on on "simple interest".

Although I would prefer litecoin blocksize and confirmation speeds to bitcoin anyday

overunity

full member

Activity: 198

Merit: 100

The great thing about a market not controlled by corrupt governments and central banks is that there will be natural price discovery .

The natural cycle for the life of bitcoin will look like :-

The Start .

Market price rising = mining profitable .
Mining keeps growing but market lagging behind = mining unprofitable .
market grows,price increases = mining becomes attractive people grow there mining pools new miners attracted .

For a virgin market .

Price and miners will find a natural equilibrium .

What bitcoin needs at the moment is for market share and adoption to increase to make current technology viable to use .

There currently is no need to increase the hash rate to support the tiny market share bitcoin has ,all that is happening is that mining manufacturers are on a suicide mission

Topic: End of Big Miners - page 3. (Read 8197 times)