Ever since May 2011, the mining factor are constantly low, even with the price spike above $250, it never reached 2011 high, now again all the GPU miners are mining at a loss
Not all GPU miners are mining at a loss - it depends on what they pay for electricity.
Last time it happened was in January 2013 after block reward halving. That event more or less coincided with the start of an exponential rise in price.
I'm not saying "buy buy buy" just noticing the event has happened.
Where is that image/data from? Thanks.
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BoardMeta
Re: Activity & new membergroup limits
by
coinnewb
on 19/06/2013, 04:20:53 UTC
I agree this is a positive change for the board. Thanks!
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BoardSpeculation
Re: Difficulty increase, 25% fewer coins being mined in a few hours
by
coinnewb
on 16/06/2013, 16:39:40 UTC
Don't follow the logic. Increase difficulty does not mean fewer coins mined.
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BoardBitcoin Discussion
Re: The $1000 Bitcoin, yes it's worth at least that.
no. difficulty follows price, not the other way around.
... it is not just that simple, more nuanced than that ... as vladimir is saying, I think?
I think so. One of the attack vectors against Bitcoin depends on network hash rate (i.e., difficulty), so one could argue that higher difficulty will make potential attacks against the network more costly. Assuming that the price of Bitcoin factors in this very potential cost, higher difficulty will give room for higher price IMHO.
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BoardComputer hardware
Re: EVGA GTX 670 FTW
by
coinnewb
on 30/05/2013, 22:30:06 UTC
PM sent!
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Topic
BoardCurrency exchange
Re: WTT - $80 BTC for Amazon GC
by
coinnewb
on 23/05/2013, 22:28:07 UTC
You can buy Amazon GC with your bitcoins at Gyft.com (or using Gyft app). They offered competitive exchange rate last time I checked.
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BoardCurrency exchange
Topic OP
Selling bitcoins for EUR
by
coinnewb
on 23/05/2013, 22:25:38 UTC
Live in the greater Seattle area and have some Euro leftover from your last vacation? Did your customer tip you in Euro and don't know what to do with it? Now you can turn your useless* Euro into bitcoins!
PM if you would like to buy some bitcoins with Euro (will use MtGoxEUR).
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BoardService Discussion
Re: Anyroll's 10 BTC giveaway is a scam, he sent me and others a phishing link
by
coinnewb
on 15/05/2013, 04:15:21 UTC
Still no scammer tag???
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BoardCurrency exchange
Re: WTB LTC / BTC offer Paypal
by
coinnewb
on 29/04/2013, 19:22:24 UTC
Traded without any problem whatsoever. Thanks for the smooth transaction!
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BoardCurrency exchange
Re: WTB LTC / BTC offer Paypal
by
coinnewb
on 29/04/2013, 17:09:06 UTC
OK. PM sent.
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BoardCurrency exchange
Re: WTB LTC / BTC offer Paypal
by
coinnewb
on 29/04/2013, 16:32:02 UTC
Are you buying BTC once again? Checking since your last PM indicated otherwise. If so, I would be interested in selling a few BTCs.
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BoardHardware
Re: Butterfly Labs finally ship their first batch of Jalapenos
by
coinnewb
on 24/04/2013, 21:56:35 UTC
I feel sorry for those people who have to deal with BFL, but this whole BFL fiasco is as good as it gets in terms of free entertainment.
Quit panicking, this is variance. We've seen blocks last much longer in the past. There is nothing wrong with the pool. Miners of old can tell you about blocks lasting 48 hours.
Pool hash rate was probably much lower then? At any rate, I agree that it is what it is: variance.