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Showing 16 of 16 results by DTYJ
Re: China prohibits banks providing settlement services to Bitcoin Exchange
Not sure what It's really saying as my main language isn't really chinese.. But what I could ROUGHLY figure out is that he/she is say that "Bitcoin" is used for money laundering etc .. and he want investors to stop supporting it or ..?
THIS IS JUST A ROUGH ASSUMPTION as my chinese is not that "Elite". And I think this article has something which concerns money laundering etc ..
"http://tieba.baidu.com/p/2763806115" - Translation
THIS IS JUST A ROUGH ASSUMPTION as my chinese is not that "Elite". And I think this article has something which concerns money laundering etc ..
"http://tieba.baidu.com/p/2763806115" - Translation
Who is this person and why does he matter?
I've no Idea who is he, but to translate his name to "English" it would be "Lee Wen Buo". Not sure If It rings any bell to the bitcoin community.
Here is his profile "http://www.weibo.com/wenboli?&topnav=1&topsug=1"
Re: China prohibits banks providing settlement services to Bitcoin Exchange
Not sure what It's really saying as my main language isn't really chinese.. But what I could ROUGHLY figure out is that he/she is say that "Bitcoin" is used for money laundering etc .. and he want investors to stop supporting it or ..?
THIS IS JUST A ROUGH ASSUMPTION as my chinese is not that "Elite". And I think this article has something which concerns money laundering etc ..
"http://tieba.baidu.com/p/2763806115" - Translation
THIS IS JUST A ROUGH ASSUMPTION as my chinese is not that "Elite". And I think this article has something which concerns money laundering etc ..
"http://tieba.baidu.com/p/2763806115" - Translation
Re: Does BTC need to be over $2,000 in 2014 for mining to be profitable?
I doubt It will be that much profitable. For instance, IF bitcoin were to worth 2k in 2014 there will definitely be a HIGH SURGE rise of the difficulty as everyone will be going crazy about it, So yea .. 
I am not sure if these the correct forum to write this in?
I have noticed there is a huge gap that I call the bitcoin divide between the people who want to get into Bitcoin mining and the people who have been bitcoin mining for a long time that it makes it very difficult for people to jump in and get their feet wet, as well I finding there isn't a lot of good information out there to help new investors so they, like me, make silly and stupid mistakes along the way.
One of which is I sunk $15k of my own money into buying gear from local people where if I had known more about the possibilities and process to buying bitcoins at exchanges first I would have been far better off now. Right now I still see people selling Avalon ASIC B2/B3 four module miners on eBay and locally here (where I live) for 5 to $10k. Yet we all know buying them new cost 3.5B ($3500 or less) and that's shipped to your. Back when I got involved bitcoins were worth $143 and a anvy miner would costs me between $1800 and $2100 each. I believe that the resell market is driving away the potential and stability of bitcoin, people have to understand hardware is hardware it doesn't keep it's value it loses it over time.
I have noticed there is a huge gap that I call the bitcoin divide between the people who want to get into Bitcoin mining and the people who have been bitcoin mining for a long time that it makes it very difficult for people to jump in and get their feet wet, as well I finding there isn't a lot of good information out there to help new investors so they, like me, make silly and stupid mistakes along the way.
One of which is I sunk $15k of my own money into buying gear from local people where if I had known more about the possibilities and process to buying bitcoins at exchanges first I would have been far better off now. Right now I still see people selling Avalon ASIC B2/B3 four module miners on eBay and locally here (where I live) for 5 to $10k. Yet we all know buying them new cost 3.5B ($3500 or less) and that's shipped to your. Back when I got involved bitcoins were worth $143 and a anvy miner would costs me between $1800 and $2100 each. I believe that the resell market is driving away the potential and stability of bitcoin, people have to understand hardware is hardware it doesn't keep it's value it loses it over time.
There's PLENTY of information here on the forum. I've spent countless hours, on this forum and elsewhere, warning people about what a bad investment most mining hardware is right now, and how they'd be better off buying coins and holding them. But nobody listens. Buying coins is too boring for some people, and no matter how hard I (and countless others here) try and educate n00bs here, they just won't listen.
Don't blame a lack of info. Blame your own decision to ignore good advice.
It's true that some people were really greedy, which In-fact I think some of those who purchased the Q1 Q2 of the upcoming Avalon neptune series Is already looking to resell it rather than making good use of it... Well It hurts for people who're getting in to mining crypto-currency and do not currently have a rig on their hand.. and sad truth for me as well .. those re-seller ain't gonna stop.
Well It really depends If you're paying for the electricity or not ? But I would think in the long run you will not be profitable as 2-3th/s is already develope"d" just that most of them are still in the testing phase I believe. Once It's out, It will crush Jalapeno. Maybe If you're running it for free without paying for Electricity.. you will benefit, but very very very minimal.
It will be pretty much ROI if we are looking toward 2.7 billion difficulty rate this coming March April. With an Increase of average 23% every month, and that is exclusive of increase/decrease in bitcoin value
Probably one of the few best offer for ASIC Miner in the future is listed in this thread ! 
As looking in to Q1 or Q2 with difficulty rate of almost 2-4 billions It would not be worth mining with a 100/ghs rig.
So It would be good if you could land your hand on a 1-4/THs by Q1 or Q2.
As looking in to Q1 or Q2 with difficulty rate of almost 2-4 billions It would not be worth mining with a 100/ghs rig.
So It would be good if you could land your hand on a 1-4/THs by Q1 or Q2.
Website looks really cool tho, but tbh the website just got created .. So I would be really precautious about that.
Anyone know about www.solarwindmining.com, whether It's legit ?
Anyone know about www.solarwindmining.com, whether It's legit ?