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But they accept it no more?
http://www.stltoday.com/business/columns/david-nicklaus/bitcoin-entices-speculators-but-will-no-longer-buy-a-meal/article_12d79e69-6d73-5859-a42f-a3cc9f965cf7.html
Strange that they didn't just implement bitpay or some such intermediary if they're that terrified of making money as Bitcoin rises in value.
http://www.stltoday.com/business/columns/david-nicklaus/bitcoin-entices-speculators-but-will-no-longer-buy-a-meal/article_12d79e69-6d73-5859-a42f-a3cc9f965cf7.html
Strange that they didn't just implement bitpay or some such intermediary if they're that terrified of making money as Bitcoin rises in value.
Maybe due to transaction times? I'm not sure.
Thanks for this Mike. Even though I have been using the BitCoin-QT client for a few months now, I was always wondering how long it would take to download and why all of the blocks were useful.
I have to agree with some of the above as far as what needs to be updated. But I think the categorization should be different, too. There's definitely a lot of more promising coins in Purgatory than some of the others that are lumped in with it.
- WorldCoin and CryptogenicBullion deserve Minor status, with the #8 and #9 market caps overall and both with lots of development underway.
- Terracoin should go back down to 'Candidates' at best. The hashrate has dropped so low that even newer coins like eMark (DEM) have a higher network hash rate on average.
- WorldCoin and CryptogenicBullion deserve Minor status, with the #8 and #9 market caps overall and both with lots of development underway.
- Terracoin should go back down to 'Candidates' at best. The hashrate has dropped so low that even newer coins like eMark (DEM) have a higher network hash rate on average.
I agree 100%
Please add ProtoShares: https://bitcointalk.org/index.php?topic=325261.0
absolutely!!! must have, protoshares are the main reason to rework the list.
Yeah please update the list and add Protoshares! They are doing really well for a new altcoin!
Actually CPU mining is the most profitable out of all 3 category. ASIC, GPU, CPU.... of course you need to know what you should do with the CPU mining and not just mine BTC directly...
Huh?
I'm currently mining Protoshares on CPU. It's quite profitable actually.
I too am mining Protoshares with my CPU and have made decent profit. I have been mining since day one though when the difficulty was really low.
Re: It's going to be cute when bitcoin shatters and gets destroyed
I can agree to this to an extent, however, I do not see it simply crashing and burning. I see it sitting at a steady price once the government is able to control it, and that 'steady price' won't be very expensive.
You need to earn 0.0001 BTC or 0.1 mBTC or 100 uBTC to get 5 cents per minute, otherwise you are just wasting electricity and your computer components are dying too. Even then most people would rather signup for "get paid to click" websites, cashout in payza, paypal or another of the various wallets and then convert to bitcoin.
A modern computer + monitor uses around 200 watts an hour. That's just for a basic one, if you have a graphics card and other features, well you are looking at much much more. Multiply it up to get 1000 watts = 1 kw, then find how much a kwh costs. Example: Here in Australia it costs around $0.50 a kwh during peak periods. It costs around $0.10 just to keep my computer running per hour...
Freeco.in basically gives away a quarter of a cent each time you visit. So it's worth thinking about whether it is worthwhile or not. For most people it probably isn't unless they are getting free power or are bludging at work. Once I had a friend tell me that he was getting free energy from your family, well that's even more deluded because any money that goes to paying bills is probably less of an inheritance for him in the future.
Remember it's a lot of clicks before your computer eventually fries itself and may end up being pointless. Most computers would last roughly 5 years and cost $500 for basic builds. So you would have to earn $100 a year by clicking, which is no doubt impossible. A year of clicking Get Paid To ads barely pays for a month of ADSL. I should know, I tried it as a kid! So, basically every click needs to be around 5 cents before it becomes worthwhile and that won't even pay for your broadband (so you really need to be using $1 a month dialup or something to breakeven). Either way, we will always have illogical people that will do it for the novelty.
In short, probably something like what rellix has said. lol.
A modern computer + monitor uses around 200 watts an hour. That's just for a basic one, if you have a graphics card and other features, well you are looking at much much more. Multiply it up to get 1000 watts = 1 kw, then find how much a kwh costs. Example: Here in Australia it costs around $0.50 a kwh during peak periods. It costs around $0.10 just to keep my computer running per hour...
Freeco.in basically gives away a quarter of a cent each time you visit. So it's worth thinking about whether it is worthwhile or not. For most people it probably isn't unless they are getting free power or are bludging at work. Once I had a friend tell me that he was getting free energy from your family, well that's even more deluded because any money that goes to paying bills is probably less of an inheritance for him in the future.
Remember it's a lot of clicks before your computer eventually fries itself and may end up being pointless. Most computers would last roughly 5 years and cost $500 for basic builds. So you would have to earn $100 a year by clicking, which is no doubt impossible. A year of clicking Get Paid To ads barely pays for a month of ADSL. I should know, I tried it as a kid! So, basically every click needs to be around 5 cents before it becomes worthwhile and that won't even pay for your broadband (so you really need to be using $1 a month dialup or something to breakeven). Either way, we will always have illogical people that will do it for the novelty.
In short, probably something like what rellix has said. lol.
This is probably the best thing I have read on this forum so far. The only way it is really beneficial is if you have solar panels (for free power) and are somehow getting free internet (using an ASIC of course). However, I still don't see this being very profitable. At all. I also tried those get paid to click ads as a kid, lol.