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Showing 20 of 52 results by cafminer1
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Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
cafminer1
on 22/02/2015, 21:36:15 UTC
IMHO, one year ago, Josh Jones (CEO and Founder Bitcoin Builder, Inc.) trusted MtGox would recover somehow and accepted buying GoxBTC with real BTC at a price, thus offering a way out of Gox for the (desperate?) people. Of course that would make no sense if GoxBTC was to completely evaporate. Some, like me for a few BTC, also bet that way.

The simple thing to me now is Josh again thinks GoxBTC can somehow recover from the present zero. From inside information or just as another bet, he must be trying that again.

I would not be so optimistic as to think 200K/800K = 0.25 BTC per GoxBTC (for there will be a lot of money spent with lawyers, experts, theft, etc.), but that s a number, why not. On the other hand, with current BTC value, maybe a lot more can come out. I would not exclude 100% recovering of BTCs @ the present 200-250 USD range.

For Josh, when BTC was around 1000 USD, GoxBTC went down to around 100 USD, so 0.1 rate. Now, at 0.1 BTC per GoxBTX it is again 0.1, what makes 1 cent of original BTC per GoxBTC, what is not bad. Wink And of course Bitcoin Builder got trade commissions as well at that time.

Finally, about withdrawal etc, for what I know about Bitcoin Builder, I bet yes, it is probably instant cash for those wanting to sell BitcoinBuilder-GoxBTCs. Just a feeling, but I trust them.
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Topic
Board Service Discussion
Re: GOAX
by
cafminer1
on 11/01/2015, 12:43:59 UTC
Good (old) comments, which stand out from other 1000+ posts topics.

Makes me think:
- 650K fake BTC bought with fiat by bots
- 200K real BTC, belonging to real, honest users
Seems good proportion in this case.

Now it would only take good investigation to put bots 650K bitcoins apart and use the 200K BTC to give back users BTC to the last penny.
Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
cafminer1
on 29/12/2014, 13:09:11 UTC
There are many people out there with a deep understanding of the bitcoin protocol who are not "bitcoiners".

Wow... If I may feel or think so, that would mean some kind of disgrace to us all...

I understand your point, and technique, science, protocol, knowledge, are well spread over the world. I am not extending THIS debate of who might help MtGox investigation.

On the other side, deep understanding BTC and not being a bitcoiner would at least demand that knowledge is applied into another cryptocoin, better than BTC. (which one??)

Or BTC is just something with no future and those who knows it are not there.
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Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
cafminer1
on 17/12/2014, 16:19:49 UTC
Post
Topic
Board Service Announcements
Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts
by
cafminer1
on 26/11/2014, 15:18:18 UTC
More than 100 pages of comments, probably mostly congratulations and I add mine.

It may be possibly already suggested, but I ll add one.
On the prices list at right, perhaps put the round price, for example 400, at zero, .00000, and not at .99999

I don t know whether this makes sense, or have any problems, but look more natural to me.
Post
Topic
Board Speculation
Re: So when should you buy in. My thoughts from a long term bear.
by
cafminer1
on 05/10/2014, 16:26:03 UTC
What if bitcoin stays low like this forever and never goes back to ATH?  Cry

There are only two alternatives for BTC futur :
-moon if it's a success
-Mariana trench otherwise


I was writing exactly what Seldar just said.

Let s think: there will only be 21 million BTC. At $20 each, market cap would be mere $420 million. Way to few to provide adequate market depth or to allow big sum business. At $10K USD per BTC we would have $210 billion. And $2.1 trillion at $100K each. Now that would be capable to sustain BTC as gross payment media.

So that s it. BTC MUST be a full success AND moon price to survive. Otherwise it will simply die. iMHO.


Post
Topic
Board Service Discussion
Re: CEX.IO
by
cafminer1
on 14/07/2014, 23:32:54 UTC
If mining is not profitable, why difficult does not go down?!?
CEXIO is sucking the last drop of its customers, thats the truth.

Change it, CEXIO! Evolve! Be serious.

Because, I am sad to say, mining is a losing game right now IMHO.

And CEX.IO GHS/BTC is only catching up with the cold reality.

I like CEX IO and maybe that is the reality... Temporarily, I hope!

But if mining is not profitable we must face 2 things
- total hash rate decay... what is not happening right now but when it happens, difficulty goes down too;
- if not, death of bitcoin will overcome, case just validating transactions doesnt pay enough to miners.
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Topic
Board Service Discussion
Re: CEX.IO
by
cafminer1
on 13/07/2014, 16:22:38 UTC
Does any one really have ROI in cex io ?

How much invested and how long invested ?

We re just getting goxxed at CEXIO.... Really too bad.

https://bitcoinwisdom.com/markets/cexio/ghsbtc

If mining is not profitable, why difficult does not go down?!?
CEXIO is sucking the last drop of its customers, thats the truth.

Change it, CEXIO! Evolve! Be serious.
Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
cafminer1
on 04/07/2014, 02:27:40 UTC
I did not lose much at all (0.0006 BTC or 0.001 USD) so no issues at all.

So it cost several hundred times more to send the card from Japan than the total amount you can claim for  Roll Eyes

Real sensible Mr. Kobayashi


Exactly, as I ve just said.
https://bitcointalk.org/index.php?topic=179586.msg7628486#msg7628486
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Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
cafminer1
on 01/07/2014, 22:48:25 UTC
I guess it is requirement of law to send the paper letter to creditors.
Is the list of mtgox assets published already?

An interest thing about this is that this is one of the ways money will go down the drain. With the myriad (me included) of creditors, money, money, money will be (allegedly at least) spent with these procedures. :-) Bye bye goxcoins....
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Topic
Board Service Discussion
Re: CEX.IO
by
cafminer1
on 05/06/2014, 13:44:51 UTC
Post
Topic
Board Mining software (miners)
Re: BFGMiner 4.0.0: modular ASIC+FPGA, GBT+Strtm, RPC, Mac/Lnx/W64, NF6,OSM/HxFy,DMR
by
cafminer1
on 26/05/2014, 22:46:00 UTC
Congrats Luke! Testing ASAP.
Post
Topic
Board Mining software (miners)
Re: BFGMiner 3.10.0: modular ASIC+FPGA, GBT+Strtm, RPC, Mac/Lnx/W64, AntU1, DRB, HFA
by
cafminer1
on 07/05/2014, 00:35:18 UTC
Maybe it has been discussed here before, but I couldnt find where.

Besides [D]isabling and [E]nabling an Antminer, is there a way for BFGMiner to restart or reset an AMU from scratch, thus expliciting the 0981 freq again?

Thanks
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Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
cafminer1
on 03/05/2014, 04:09:17 UTC
No.

You have to read. :-)
Post
Topic
Board Mining software (miners)
Re: BFGMiner 3.10.0: modular ASIC+FPGA, GBT+Strtm, RPC, Mac/Lnx/W64, AntU1, DRB, HFA
by
cafminer1
on 01/05/2014, 16:23:02 UTC
2 common errors:

- wrong parameters or extra or missing "-"

- already running; check processes
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Topic
Board Service Discussion
Re: CEX.IO
by
cafminer1
on 29/04/2014, 14:45:47 UTC
From a quick reading of TOS version 2, and maintenance page, CEX is changing GHS maintenance fee calculation for a flat monthly tax of $0.26 per GHS. First analysis: seems better! At least, seems fair enough. Of course, when mining does not result in blocks, user will still be charged the maintenance. So difficulty will tell profitability. All in all, I think it is more easily understandable to the user.

We ll see how it works. So far, congrats CEX. Changing was needed.

PS
Trading fee is also here now, TOS v2, but in a 1st glance of my existing orders I didnt see a % value.
Post
Topic
Board Mining speculation
Re: CEX.IO Futures - your opinion?
by
cafminer1
on 26/04/2014, 00:39:28 UTC
We re at 00:37 GMT now and FHA are due since 00:00.

If we were not goxxed (cexxed?) hashing power for FHA must be compensated lately, after the
"FHA, FHM conversion to GHS may take up to 24 hours, depending on the volume of futures."

Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
cafminer1
on 24/04/2014, 21:47:04 UTC
The FNAQ got better and there is some useful info this time.

Final fact is... wait... wait... wait... wait... then get paid "something".

Let s see... 25% of the previous BTC (200K) at half the original price (500) will result in.. 12.5%.... Take away lawyers part... 5% for da_pipl ;-) .....10, if we re very lucky. In USD. In BTC, it would be around 10 to 20% the BTC one had at closing (but I guess notice makes it clear they will convert and pay fiat...) Ah, all this for those with 100% clean records @ shitten Gox =:-)

About the fat rat, he is not a human target yet, just due to upcoming further investigation about "stolen" BTC... But will.
Post
Topic
Board Service Discussion
Re: CEX.IO
by
cafminer1
on 17/04/2014, 14:39:04 UTC
On April 16, CEX.IO on its official twitter account (https://twitter.com/cex_io) made an announcement: "CEX.IO ‏@cex_io  21h
Monthly Maintenance Cost for cloud-based GHS has been lowered to $0.26 per 1 GHS! Read more: http://blog.cex.io/?p=1616". Soon after the announcement, the linked article was removed from CEX.IO blog site, and the monthly maintenance cost per GHS is still $0.30 on the fee calculation page (https://cex.io/maintenance). Ironically total maintenance fee percentage went from 19% to 26% on the same day. Would someone with CEX.IO please explain what is going on here?

This last change from 19% to 26% is due to BTC price in the calculations. CEX was using 665, but it is now updated to current 503.

I just hope it is reviewed when BTC goes up, for this is now more than a quarter of everything mined and has resulted in more than 20% elevation from already high fees.

About electricity costs, no doubt it is time to review that as well...
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Topic
Board Service Discussion
Re: CEX.IO
by
cafminer1
on 16/04/2014, 16:10:07 UTC
Possibly starting trading fee and new exchange channels...