BumP

This is good news for both the adoption and procurement side as long as it's transparent. Could lead to future mechanisms and frameworks being built down the road.

Specialty Sale: from our rare collection of bitcoin domains picked up back in 2013/14...

   bitinterac.com


Starting bid  :::  0.2584 BTC
^{Auction Runs for 48hrs from this timestamp/Private bids higher than start bid price}

A great domain with built in brand awareness.
Purchased while writing the code for our bitcoin ATM, seeing the need for a financial pathway to be created before interac money transfers were ever used in any of the exchanges!

This is a fantastic devs domain bringing comfort and clarity to your clientele knowing exactly what they intend to do when they view the address bar.


Happy Bidding!
Bitdominion

Can't say I trust Ray Kurtzweil's intuition. Last time I did it ate up $2k investing in his sinkhole: Naturalnano
http://www.businesswire.com/news/home/20061214005246/en/Nobel-Prize-Winner-Sir-Harold-W.-Kroto

His commentary on bitcoin is welcome for obvious reasons. Agreed, he is better off trusted to extreme penmanship.

Impressive. Someone's flying under the radar in style.

I hope it would be for #4.
Likely it has to do with the reach into the mobile market for their new farm being built.

Could someone point me towards the link to their release article? Or did this beta just appear out of thin air?

Haha, Damn straight!
The reason for mining is not to make one wealthy but to support the network... Whenever I'm onboarding someone new, talking to a merchant etc they really want to know about mining. Always comes up because it's sexy; they usually give a sideways look and say 'what about mining?' but what they are really wondering is 'how do I print free money?'

This is exactly the question we asked ourselves when KnC first arrived on the scene... the price was too volatile to know what one would profit from it in the timeframe the miner would be running; Gox had just spiked from $38 - $260 then plummeted, then back to $140, then tapered off in a suicidal manner before adjusting to a (+) longer term trajectory. Our thinking was dropping $7k without knowing where the buyin leads was more risky than (could have been 70btc or 53btc) purchasing a miner which was a more predictable speculation (and we had already had success with)

Again this is hindsight and the question would hold very different meaning if any number of crazy things happened to the market in the interim

There are also stages of adoption some bitcoiners go through which factor into my learning experience:
'I believe this is going to be the best thing in the world!'
'Wait what about all this other technical stuff?'
'How do I get as much value as possible then turn it back into fiat currency?'
'Holy crap, I'm never day-trading again'
and finally 'Oh, so if I just hold it everything works out?'

I agree with your sentiment and support diversifying the investment. The other benefit is supporting the network dilution, maintaining stability; there are enough opponents of bitcoin at least this line must be maintained.

Investing involves more than putting all your resources into one pipeline. While we definitely purchased large amounts of BTC at the time, mining helped offset the long term risk associated with market volatility. Mining provided steady and better predictable results to support the uncertainty therein.

In hindsight it is always easier to say one wishes to purchase at any point in the timeline (preferably prior to 2010).
Return on investment isn't predicated on what you might have made otherwise we would all be at -2000% ROI.
**checked my numbers for BTC again it is 46 BTC

Hopefully you went to coinfest this past week. Check meetup.com for local bitcoin meetups

yes... Who is this Jack you speak of anyways?
PS. Bump

This is the same discussion in May 2013 (when we decided to buy) and the same concerns you had in August of last year.

...had the price stayed the same from the summer onward I would have considered shooting myself in the other foot (just to keep it even), however your posts seem to reflect a history of supporting bitcoin as a whole which is also the reason we stuck with our order instead of getting a refund in August when ROI appeared to be nothing but a dream. Who could have predicted the price increase? Anyone. The community as a whole knew the price per BTC was on a steady trajectory, correlated with difficulty and thus the massive support and influx of investment.

What has changed? Too many factors to count. The difficulty definitely is a concern and even now access has increased to those who would build their own mega mining farms.

The only real concern in not crossing ROI threshold is when dedicated bitcoiners turn tail and run from our trusted supports and don't get involved in signing up merchants etc to increase utilization. Bitcoin price is the only place ROI exists; the difficulty is inconsequential if you are the one who owns the most cutting edge mass adoption tool in the industry. This and unyielding work ethic is what sets KnC apart from other companies; your prediction KnC would possibly call it quits after making significant profits turned out to be an unwarranted fear because KnC invests in people first.

If you bought bought a Jupiter in June 2013 ($7,131.80) to date you should have made 40+ btc at roughly 510 gh/s avg. I don't know where else in non BTC land that kind of ROI exist for the average person.


-Jord

Exactly... if you've been a KnCminer client previously this is the sentiment.

Love the site, beautiful user experience, however I believe customers would really benefit from inserting a page to clarify the process of ticket confirmation/printing etc.

I would like to fly to Vancouver next month and then on to New Zealand (most likely a plethora of global flights later in the year)

I made it through to the payment page without knowing what comes next. Please Advise...


Cheers,
-Jord

I cannot accept your offer of either Jack or his bodily functions. Our apologies.

We never recommend any of our clients not pay their taxes, that said... now is the time to do what you you wish with your bitcoin before regulation steps in. It would be wonderful if it simply lands in the ballpark of capital gains/losses.

My advice is sit on the idea and re-evaluate every four months. Cash out less than %10 of your savings or reinvest in a bitcoin project so you can 'feel' the process has added value to you lifestyle.

Sounds like you need to sign up to become a bitpay affiliate... then signup your: landlord, local grocery store, local Porsche dealership quit the job (unless you love it) and get out and live... or quit your job and travel on bitcoin and write a book about it etc... You may be that person in 20 years looking back going damn I had a good thing going


Good luck whatever your decision

My how things have changed.

Roughly half a bitcoin a week.

Discarding all the details; Today 550 GH/s brings in about 3btc or less a week.

The two big factors you are facing are:

• Mining companies (some you hear about, some you don't) coming out with 1k - 2k TH/s machines in that time frame. Then there is KnC who will be close to distribution with their 3-4k TH/s Neptunes a month or so later.
• Price. If bitcoin hits $3500 -$4000 mark by March then your investment may be worth it... better yet if you can crack half a bitcoin in three months and the price touches $10k-$15k well, therein lies the gamble.

All it really boiled down to was 'do I believe in bitcoin or do I want to make as much fiat currency as fast as possible.' Chasing fiat is like a dog chasing two rabbits with a high probability of losing both. Chasing bitcoin... well I wish I could predict what was going on at the time your mining machine would arrive, but I'll always bet on BTC.


~Jord