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Showing 20 of 138 results by dandirk
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Re: Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform
by
dandirk
on 15/07/2014, 20:06:11 UTC
see email

Thanks
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Topic
Board Services
Re: Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform
by
dandirk
on 15/07/2014, 02:23:42 UTC
Data has seemed to stop on July 15th for my bitstamp account.

Graph is frozen and hourly price listings says "Loading Data"

Cleared browser cache(chrome), start/stop browser, restart.  Rest of reconfig of API key.  So joy found yet on version 3.0.6.

Any ideas?
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Board Speculation
Re: Using candlesticks to determine Bitcoin direction
by
dandirk
on 20/04/2014, 16:24:59 UTC
Don't know what your candlesticks tell you but mine can't make up their mind... the price is everywhere!

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Board Speculation
Re: Bitcoin Rally - Bill in Congress to treat Bitcoin as Currency
by
dandirk
on 15/04/2014, 22:29:36 UTC
I think it is moral and reasonable to minimize your taxes within the law.

I think it is immoral to evade the taxes that you owe.


I also think it is immoral to write the tax laws for your own personal benefit, but so is most of what the lawmakers do before they go back to their banking jobs.

+1...

Do what you can to change the law... but follow the law while doing it.
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Re: Bitcoin Rally - Bill in Congress to treat Bitcoin as Currency
by
dandirk
on 15/04/2014, 22:26:01 UTC

goodness! if US citizens didnt pay taxes, the government couldnt make military aircraft, helicopters, war ships, thousands of nukes, pay troups, feed troups, fund private military organisations, and worst of all, they couldn't go bomb a bunch of countries.

BitchicksHusband is no scumbag, his taxes are not going to a good cause. If I understand correctly, it's not going to Obama care.... LOL.

you know, a mexican drug lord that was arrested was found to have So many billions of US dollars in his mansion that he could pay for the healthcare of all US citizens for 2 years.

This bullshit that we all need to pay our 15% taxes is bullshit. what we need is a government that has power to take money from the multinational corporations, and spend that money efficiently.

omg really?  really?

How does someone having piles of cash in their house have ANYTHING to do with paying taxes as it is written in the current law?  I didn't know healthcare made us bitcoiners pay taxes...  Do our BTC miners run lab test results or something I didn't know about?  oh I know they actually calculate the tax each us US citizen is supposed to pay if there isn't a drug lord with a ton of money in his house... makes sense!  Wait I am actually confused.

So let me get this straight... the US Government should get the power to take tax money?  ummm they already do, you are complaining about it right now.

Another thing I love, apparently the government wastes money on stuff you personally do not agree with or like... well we all know every other US Citizen agrees with you.  I mean who wouldn't want Al Pacino to "say hello" to your medical bill?  I do it makes so much sense!  Give more money to the DEA to seize dollars from someone in a different country who got it because its makes more sense to get it that way then to just make it legal and collect taxes on the sales.  

This way is better cause no taxes are involved just drug cartels.

 

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Board Speculation
Re: Bitcoin Rally - Bill in Congress to treat Bitcoin as Currency
by
dandirk
on 15/04/2014, 20:50:18 UTC

I consider it immoral to pay taxes. Listen to Hillary Clinton support the murder of half a million children to support the petrodollar:

https://www.youtube.com/watch?v=x4PgpbQfxgo

If you have lived in Nazi Germany, would you have helped to hide Jews? Or would you have helped the government? Adolf Eichman obeyed the laws of his country, yet is despised by most people in the world.




ha ha ha...  Sorry you are a joke.

Punchline #1:  comparing things to Nazi, Hitler, killing Jews... especially when it comes to arguing against "paying taxes".

Punchline #2:  Did you even read the title of that youtube video?  Give you a hint is wasn't Hillary Clinton...

Go bad to the kids table, come back when you can at a least read a youtube video title.
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Board Speculation
Re: [Cosmopolis] Prepare for Bitcoin $266 Retest
by
dandirk
on 15/04/2014, 01:12:46 UTC
I've put in place a margin of error that was spot on
How can a margin of error be accurate

In the same way as my 100% margin of error is inaccurate 0% of the time.
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Board Speculation
Re: Today is the big day
by
dandirk
on 15/04/2014, 01:06:58 UTC
The simple explanation is the market had adjusted to the possibility of China locking out bitcoin well before the 15th. When there is public information about some big event in the future it will always be priced in well before the date. Anyone who decides to trade such news on the day of is an absolute fish and should stop trading.
Not true. The market moves leaps and bounds on news. This "it's priced in" stuff is a pipe dream.

Sorry but it is true.  Though you are right too, the market DOES move leaps and bounds on news...  when it is reported, not when it takes effect.  Byron was saying basically the same thing, the market moves on news/rumor, not WHEN the news/rumors subject is supposed to actually happen.

Thus people knew China was going to mess with exchange banks and new rules would take effect on the 15th.  The market priced this in before the deadline because everyone knew it was coming and everyone wanted to take advantage before others... which all happened BEFORE the 15th.

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Board Speculation
Re: Has mining ever been profitable "at current rates"?
by
dandirk
on 09/04/2014, 20:28:05 UTC
It seems all the money seems to go to the miners that keep mining when everyone is telling the to turn off their rigs. Was thinking about this, has there ever been a time in the last 5 years where mining was profitable at current rates?

Minning rig companies... always sell at a price when there is a profit "at current rates"...  Sadly in many cases these profits are calculated for "now" when the item is in pre-order... gets delays 18 gagillion times and boom no so much profit any more.  Some say the companies mine themselves, I think companies just have poor project/time management for a product that is SOOOO time dependent.

Usually that profit is much much lower then their own, they easily squeeze about 80-90% of potential profits out of the miner just by how they price it.  A good example is the Antminer S1...  They have been lowering the price each week due to price/difficulty changes.  Sure they might hit a profit/loss floor but the margins have been pretty good for them up until now.

The only rigs being turned off are older rigs where the price + difficulty was getting close to retirement anyways, the price change just made it earlier.   If you bought a rig yesterday, you are running it for a loss to get as many BTC out of it in hopes value goes up to save the day or at least SOME of your money.


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Board Economics
Re: Bitcoin price vs. hash rate?
by
dandirk
on 07/04/2014, 16:51:03 UTC

I know that people have made a profit from investing into BTC hardware with FIAT. But at no time, where a Investment into mining hardware with BTC profitable in terms of USD.

(I don't count the time when BTC was 1200 USD and then some hardware was bought)

What you wrote makes my brain hurt.

Rising BTC prices hedge risk and improve profits when investing in mining hardware.  It DOESN'T factor at all in if you are making/losing BTC directly by mining.

Your comments make NO sense.

"Investing" in mining hardware with FIAT or BTC is exactly the same thing except for any fee difference  in the transaction with one or the other.  If anyone says different they are fooling themselves.

If I have a $1000 today... I can buy BTC or I can buy a mining rig (whether that is in USD or BTC only matters in fees).  A mining rig is technically only profitable if it mines more BTC then its purchase price (in BTC) was.  Sure rising prices can mitigate the risk of mining by allowing a USD profit... but that profit would still be lower then if you just bought BTC thus just a hedge against loss.

People make BTC profit from mining all the time... if they didn't there wouldn't be pentahashes added almost daily.   Yes right now ASICs and business's are squeezing most profits out of mining but it does occur.


To the OP:  Hash probably lags price a bit since it is reactionary and takes time to order/setup mining rigs etc (and to take them down).  It also will be less and less of a factor as mined BTC become less and less a % of available coin.





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Re: IF BITCOIN GOES BELOW 100$
by
dandirk
on 07/04/2014, 15:16:29 UTC
The HODL sentiment is still strong in this forum.


Your opinion is just as strong and based on a lot of your comments the exact same thing (just opposite).

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Re: Where is the money going to come from to rally bitcoin?
by
dandirk
on 04/04/2014, 20:32:06 UTC
Money is coming from me...

I bought 2 coins... to the moon (or the qwiki mart next door) lol
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Re: [Cosmopolis] Prepare for Bitcoin $266 Retest
by
dandirk
on 04/04/2014, 20:27:35 UTC
I fail to understand how a support level established before btc's ath, before China and Russia ban, before the enormous losses suffered by the Mt Gox disaster, before the IRS ruling btc is property and not a currency, when the mining landscape was far different, when the adoption landscape was far different, has any fucking meaning whatsoever.
But wtf do I know, I'm not a TA pro.

Read this article
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2401230

It has been confirmed by really smart people that people using TA lose more profit than people who don't use it.
A big financial corporation never ever use TA alone.
If you can get your hands at BTC address from the trolls here and analyze it through the blockchain, you will notice none of them have made profit, only big losses.

Everyone has the right to be a bull or a bear, but manipulating and misforming information is so annoying.


All I had to read was the Abstract where they gave multitude of reasons why their TA subjects had less returns.  Any one or more of those reasons could be the lion share of losses.   If TA was 100%, everyone would use it and it wouldn't work.  It may give insite and a bit of leverage like say counting cards but it doesn't predict the future.  You still need to have a diverse investment portfolio etc.

"Overall, our results indicate that individual investors who report using technical analysis are disproportionately prone to have speculation on short-term stock-market developments as their primary investment objective, hold more concentrated portfolios which they turn over at a higher rate, are less inclined to bet on reversals, choose risk exposures featuring a higher ratio of nonsystematic risk to total risk, engage in more options trading, and earn lower returns."
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Re: I'm Out
by
dandirk
on 03/04/2014, 23:08:19 UTC
It doesn't matter what's more convenient for the producers/vendors/merchants. The consumers will use what is most beneficial to them, and the rest will be forced to play along.
All my credit card purchases appear to happen instantly and seemlessly to the consumer. Bitcoin transactions take hours to verify, which is painfully obvious when moving money around.

I am with you Info... BTC is great and all but it isn't the be-all end all for using to make purchases.

People want believe that BTC is "great" for merchant due to no charge backs etc... but these same features make it difficult for consumers to use AND it makes theft/scams even easier.  What will happen is the credit card companies (or something similar) will start to process and insure BTC transactions so they can be instantaneous just like CC purchases.  Guess what will happen?  Similar fees just like CC transaction will be charged, hopefully a bit less though.

Good for large purchases?  Yeah I can see that, faster and less expensive then wire transfers, mailing a check... a check?... no one uses those but that is basically what a BTC is, just a bit faster and with the times.

To those that think using BTC will "save them time" shopping online and relieving the difficult job of remembering accounts... is honestly just silly.  I have made purchases at sites where you don't have to create an account and guess what... the only extra info you need to give them is a password.  They have to collect all the info anyways, like where to ship, email for updates notifications etc.  I suppose if you were purchase digital or non-deliverable items it could save typing your name and address (oh the horror).

As I said what will happen with BTC and normal buying is the same thing that is happening with CC/banks, people will have apps on their phone and will scan codes/bump etc to transfer funds.  It will be cheaper until either the Feds get to regulating or the big corps come in like the CC companies and decide they should charge the same they always have.
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Re: Anyone have any idea why the price continues to fall?
by
dandirk
on 29/03/2014, 16:42:10 UTC

Anyway I only know that if it goes too low miners turn their machines off. So no new bitcoins. Then price will go up.
Since difficulty grows up fast due asics  I expect price to raise violently in next 2-3 months.


There will always be new bitcoins even if just one person is running their USB miner...  Well they do have to sell them...

Dunno bout difficult raising violently, for that to happen highly powerful and efficient miners will have to come out.  There are a lot of pre-orders waiting and the china dragon 1TH miner available now but these aren't revolutionary and won't be as effective as the first wave or 2 asis which caused the massive diff jumps.   Most miners are now mining at a loss due to btc price, though I suspect the price isn't so low to turn off miners, but they will be more likely to hold if they can.
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Board Services
Re: 3.35$ per GHS! Cloud mine opportunity in china
by
dandirk
on 23/03/2014, 15:12:28 UTC
fyi you might want to call your "cloud" service a co-location or miner hosting service.

Right now "cloud mining" services are generally known more as hash rental/contacts paid per GH/s or TH/s etc over time.

Where as what you describe is more a co-location/hosting service because the hardware is bought and owned with hosting fees attached.
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Board Mining speculation
Re: Cloud Hashing
by
dandirk
on 23/03/2014, 15:07:44 UTC
imo no not at this time.

"Cloud" hashing or hash rental is pretty new in the market.  The only real reputable business doing it professionally is Cex.io (Ghash) and their price per GH/s is ~$6.6.  Which is insanely high.

Go calculate returns on any miner cals based on that cost per GH/s.

Right now people are saying $3-4 per GH/s is about the limit to make money with direct hardware mining.  With cloud hashing you don't have to worry about electricity, storage, cooling but is that worth paying 100% more for... no your ROI will be non-existent.

Other companies selling for less like pbmining.com are new and in many cases so far not transparent enough.  They seem to be paying out now but could be a ponzi where they pay you back slowly what you put in hopping to get a bigger pool of btc then close/disappear.   Even at hardware mining costs, the returns imo are not worth the investment or risk/gamble that these companies are legit... Maybe once a number of services proves themselves or provide more transparency (like farm data, company data).

Mining profits are pretty slim right now, the miner manufacturer's hold most the cards so they are already milking 80%+ of the revenue out of every device sold.  When happens when you put more men in the chain, each person gets their cut and as always its more then you think it should be:).     

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Re: PBmining - legit?
by
dandirk
on 21/03/2014, 21:55:02 UTC
1. High rate of return - Tick for PBMining

pbmining doesn't meet your #1 point... high rate of return imo would be prices lower then buying a miner yourself and/or higher payouts per GH/s neither which are true.   $5 per gh/s isn't a deal really and what I would probably expect from a reseller/host type business.

For the rest no comment because I have no direction knowledge.  Could very well be a ponzi...


$5 per gh/s imo does not offer the returns worthy of investment, not nearly worth the risk with a new company which has not been 100% transparent.



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Topic
Board Hardware
Re: [Guide] Dogie's Comprehensive Bitmain AntMiner S1 Setup
by
dandirk
on 19/03/2014, 21:42:05 UTC
I'm having issues with wifi. I can get wifi to work if I have an Ethernet connection to start and then disconnect but occasionally wifi drops afterwards and they stop mining until I reestablish the Ethernet connection.  For some inexplicable reason they will not initiate from wifi. I must establish a connection with Ethernet first and then disconnect the umbilical cord at which point they run on wifi until there's a problem with wifi.

I also have to configure units through the Ethernet connection as the GUI is unresponsive through wifi.

Is there a way to fix this?

I suspect I have a similar issue...

I go into wifi, scan and add my network pass etc... it connects great, can access the UI via the wireless address.

The second I unplug the wired connection I cannot access UI  (on either address) and sometimes it beeps at me.  I reboot and nothing generally, except on the wireless wifi I can get the initial black LUCI screen then bam unavailable.

I even tried attaching the wwan and lan interfaces to bridge them but no go.
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Topic
Board Mining
Re: MineCTRL.com - An Analytics Dashboard for Bitcoin Miners
by
dandirk
on 19/03/2014, 15:47:45 UTC
I sent in a request for access to ghash.io...

As for the Dashboard... personally I think it is awesome... Has great info... btc price on all the different exchanges, expected earnings, great.


The only request which seems a bit out of what you are currently working on (pool support)... would be a good miner calculator.   There are a lot out there but most are missing one feature or another.

http://www.vnbitcoin.org/bitcoincalculator.php  - Preorder options don't seem to work, only shows details for upto ROI not profit and eventual time of loss.

http://mining.thegenesisblock.com/ - Pretty good but difficulty is per month instead of every 2 weeks.  Also doesn't show BTC earnings both daily and cumulative.


The features that come up for a good calc for me are:

- Adjustable fields : Miner Cost, Elect Cost (kWh), Pool cost (%), Difficulty increase (% bi-weekly), Miner Pwr Consumption (watts), Pre-order date, BTC price, # of days
- Results fields: BTC per day, $ per day, cumulative BTC, cumulative $, Different colors/indicators for ROI, Profit and Loss,  Power cost per day, cumulative power cost, dates/ranges I would guess per difficulty window.