Search content
Sort by
Showing 20 of 35 results by Dharmadog
This Earthcoin stuff is starting to piss me off. They talk about their stellar dev team and all of their "save the earth" and a "coin for the people" but they are not nearly as organized with stuff as they should be. They hired someone who knew their way around photoshop to do a nice logo and build a website. Beyond that...I'm not convinced yet. (Having said all of that I do have 110,000 EAC. Just not a lot of faith yet). Good luck with the mining.
On another thread we were discussing this but it got a bit off-topic. One person posted a reasonable figure that today with 1.5MHs hashing power you can earn about $15 per day mining the better-standing coins. Unless you have a milk crate rig, that would be 2 boxes with an investment of about $700 each and be around 500 watts consumed with each. So the ROI would be about 90 days per box or for both with the combined KHs assuming it's something along the lines of an R9 280X in each. And unlike BTC ASIC rigs with difficulties going up and up, they would still keep having a good resale value. I'm thinking due to so many different coins out there, the difficulty will be spread out so that no one would be a true leader, if one were more profitable, the multipools would jump in and lessen the mining incentive from single coin pools and folks would switch. Some of these coins too, may be a good investment if their value double, tripled, or even went up by a factor of 10. Lately, a lot of the graphs were showing a downward or stagnant trend, but just looking at http://coinmarketcap.com/ tonight I see this:
Litecoin +8.80%
Dogecoin +53.98%
Netcoin +11.07%
Earthcoin +8.97%
Bitbar +56.87%
So what's the view on profit over the next 6 months or so in the long run? Build more boxes and gear up for a new upward trend, or will profitability start to fade as too many more new folks discover all of this and crowd us out?
I read most of what you wrote there... The one area where you are probably dead wrong; resale value on GPUs. Pre-November 20th there were a few LTC mining rigs for sale on eBay and elsewhere. The spike in the market hit and sales of GPUs, as we all know, boomed. You could not find 7950's, 7990,s whatever ANYWHERE. So, tons and tons of other GPUs where sold. Now look at them showing up by the bushel basket on eBay and other sites already. Some are from opportunistic sellers but more are from people who thought they could mine and got in over their heads. If you bought pre-boom you might have resale value. Post boom...no way. (I bought four 280x GPUs post boom knowing I could loose but I wanna keep building and mining).Litecoin +8.80%
Dogecoin +53.98%
Netcoin +11.07%
Earthcoin +8.97%
Bitbar +56.87%
So what's the view on profit over the next 6 months or so in the long run? Build more boxes and gear up for a new upward trend, or will profitability start to fade as too many more new folks discover all of this and crowd us out?
I am advising that people think twice before using Portatech.com for purchases of gear. They have notoriously low prices and take your cash, send confirmation, tell you that the item has shipped and then inform you that they are sold out. I purchased in excess of $1800 worth through them and all they did was slow me down and cost me money. Their initial response was certainly uncaring and cold at best. It just seems to me that they skate a tad to close to bait and switch. I have a few email exchanges (business-like) where they begin to defend themselves but they are far from a good deal, a safe bet or a good business. If you want to have your money tied up for days, told that they have stuff and that it has "been shipped" only to find that they never had the item...then use them. My experience was very bad to say the least.
Java Ring:
I worked @Sun for ~15 years. I was part of a team that built some of the very first apps for demo'ing the capabilities of the Java Ring, including an interesting demo where we created our own (toy) crypto java currency (to make it easier to demo, we built in the ability to "mint" new "coins" for anyone who had a ring and wanted to try the demo - not very secure, and hyper inflationary), stored it on the ring, and used it to buy cans of coke from a coke machine (embedded the reader into the payment receptacle on the vending machine). The software was easy, the hard part was going from digital to analog and back by integrating the reader into the vending machine (this was pre-digital vending machines - we had to rewire the whole machine, learned a ton about how multi-step electro-magnetic solenoids work). For the digital piece we used an embedded PC running Linux (and Java), with wireless Ethernet.
I think I still have several rings lying around somewhere - the readers were cheap, but the rings were pretty well made.
- DeveloperFish
I worked @Sun for ~15 years. I was part of a team that built some of the very first apps for demo'ing the capabilities of the Java Ring, including an interesting demo where we created our own (toy) crypto java currency (to make it easier to demo, we built in the ability to "mint" new "coins" for anyone who had a ring and wanted to try the demo - not very secure, and hyper inflationary), stored it on the ring, and used it to buy cans of coke from a coke machine (embedded the reader into the payment receptacle on the vending machine). The software was easy, the hard part was going from digital to analog and back by integrating the reader into the vending machine (this was pre-digital vending machines - we had to rewire the whole machine, learned a ton about how multi-step electro-magnetic solenoids work). For the digital piece we used an embedded PC running Linux (and Java), with wireless Ethernet.
I think I still have several rings lying around somewhere - the readers were cheap, but the rings were pretty well made.
- DeveloperFish
Cool.
1. MtGox has a pretty good handle on this incident and they do not seem overly rattled for a lot of reasons.
2. All those in the government and other big business who keep talking about BitCoin being of no concern are obviously very concerned.
3. Dwolla lacks balls and/or a legal department. (Not sayin' they could have avoided this based on the US laws but...).
4. This isn't gonna stop any time soon.
5. A truly decentralized crypto-currency needs to find a way to work around these concerns.
2. All those in the government and other big business who keep talking about BitCoin being of no concern are obviously very concerned.
3. Dwolla lacks balls and/or a legal department. (Not sayin' they could have avoided this based on the US laws but...).
4. This isn't gonna stop any time soon.
5. A truly decentralized crypto-currency needs to find a way to work around these concerns.
Into antiques or collectibles? If you go to etsy.com and search "bitcoin" several sellers pop up.
Mine: https://www.etsy.com/shop/Weirdsville
and: https://www.etsy.com/shop/Dharmadejavu
I try to give a deal to Bitcoin users. (I'll actually take almost any crypto-currency though that changes from day-to-day).
I haven't kept the shops up very well lately but intend to add more stuff soon. Weirdsville used to be more oddities but I have mellowed a bit. Still have an embalming table from the 1800's that I need to put up. The other shop is just vintage stuff.
Anyway...
Mine: https://www.etsy.com/shop/Weirdsville
and: https://www.etsy.com/shop/Dharmadejavu
I try to give a deal to Bitcoin users. (I'll actually take almost any crypto-currency though that changes from day-to-day).
I haven't kept the shops up very well lately but intend to add more stuff soon. Weirdsville used to be more oddities but I have mellowed a bit. Still have an embalming table from the 1800's that I need to put up. The other shop is just vintage stuff.
Anyway...
Re: Who is promoting bitcoin for purchasing goods and services?
I have two simple etsy shops:
https://www.etsy.com/shop/Dharmadejavu
https://www.etsy.com/shop/Weirdsville
And if you go to etsy and search "bitcoin" many items pop up showing many sellers that are using that tag.
I'd prefer a more high profile shop but... I do just fine with etsy and work a "real" full time job so there is little more that I can do to promote BTC. I'm still waiting for my first BTC purchase which means that it isn't exactly working on etsy.
https://www.etsy.com/shop/Dharmadejavu
https://www.etsy.com/shop/Weirdsville
And if you go to etsy and search "bitcoin" many items pop up showing many sellers that are using that tag.
I'd prefer a more high profile shop but... I do just fine with etsy and work a "real" full time job so there is little more that I can do to promote BTC. I'm still waiting for my first BTC purchase which means that it isn't exactly working on etsy.
Anyone who thinks that Chinese residences are not giving this BTC thing a go are sorely mistaken. Will governments make it hard? Sure. The rumblings are out there. I'm pretty sure that most countries don't want anyone pirating the latest Justin Beiber drivel but people still do it...
So here, again, you've taken a perfect opportunity to imply you are smarter than the poster when in reality you are just more adept at the language. Bully for you Myrkul, you are such a wonderful human being. (read: piece of shit).
HA, I certainly didn't feel like he was trying to be smarter or bully me. I just felt like he probably goggled a chunk of my post and found the ol' Texas Sharpshooter thingy. I suppose I could then have posted all of the logical fallacy stuff but that'd seem like one-ups-man-ship. Or I could have said that the Texas Sharpshooter fallacy is actually known as "The Clustering Illusion Fallacy" though I might look a bit egotistical myself then. But my thing was more narrow than just throwing out a ton of data or predictions in order to get one to hit so I think that he was off the mark anyway and therefore inferior to me. Or I could have shown other examples of my example...but that would have seemed defensive. Ya, yer right. That Myrkul guy was probably tryin' to look smarter. Not hard to do, really.
I am looking to get some XRP into my wallet there. Anybody want to give some up for a trade. I currently have BTC, LTC, NMC, PPC, and some other crap... Message me and tell me what you are thinking in terms of deals. I am fairly new here but am willing to trade in whatever "safe" way we can. (Escrow)...?
Re: Bitcoin Article on BBC Radio 4 Thursday 25th April 8pm GMT (Tonight)
I was on that program, I was the taxi driver. 
Really!? (Not that I'd expect an honest answer on any forum, I suppose). If so, that's fun. Cab, journalist, BitCoin... Cool.
This was the first report that I've heard that just sort of covered the BitCoin phenomenon and avoided all the economist naysayer crap. This one actually talks about the suit and tie guys buying in huge quantities.
Anyway...it was a good listen for rookies and experts alike. And if you were the cabbie then your "place in history" has been documented.
