Quote from: empoweoqwj on December 24, 2013, 02:23:54 PM

Quote from: CoinCidental on December 24, 2013, 11:29:54 AM

Quote from: empoweoqwj on December 24, 2013, 11:00:53 AM

Quote from: CoinCidental on December 24, 2013, 06:14:48 AM

Quote from: Moogle on December 23, 2013, 11:33:41 PM

it only keeps going up as more mining power is added. if people stop adding rediculous amounts of power to the pool then the difficulty will drop. there were gentlemen's agreements proposed about things like this a while back. They go as far back as the transition from cpu to gpu.

https://bitcointalk.org/index.php?topic=12.msg54#msg54

you should have a look at the mining facility he has built already in iceland near the artic circle
its pretty ingenious ,he uses the an air intake from the ice under the building to keep the machines cool
and he gets his power generated from cheap natural sources as well

seems to be a smart guy and he plans to build more of these in differnt parts of the world next year and
already got the funding for a new one in texas opening in feb

you should tell this guy about the "gentlemans agreement "
by febuary he plans to have 15% of the hashing power when he opens his new mining farms

http://ecreditdaily.com/2013/12/bitcoin-mining-iceland-hot-market-cooling-anytime/

Lots of miners plan to have 10% to 20% - it doesn't work out for any of them. Its called competition.

this dude is no ordinary miner
you should have a look at the mining facility he has built already in iceland near the artic circle
its pretty ingenious ,he uses the an air intake from the ice under the building to keep the machines cool
and he gets his power generated from cheap natural sources as well

seems to be a smart guy and he plans to build more of these in differnt parts of the world next year and
already got the funding for a new one in texas opening in feb

Cool. But 10% to 20% will be *serious* money in 2014, however cold your native land

i know

*serious* money ,cant wait