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Showing 12 of 12 results by dnyce
At this point, this service has me feeling a bit scammed.... 
I say a bit because they actually do provide you with the BTC you put in/invested, and they don't just take it and disappear. But, short of that, they seem to just take your money and stay silent about it.
Main Issues:
1) MtGoxUSD Based Loans: If I had known that these loans would be backed against USD and I would be getting screwed on the BTC price increases, I would have NEVER invested in the loan. This was not made clear when investing in the listing. The only way I found out was checking the dashboard to see how much BTC I was still owed on some current loans, and seeing that price rapidly drop with the latest BTC increases. They have a brief talking point about this type of loan, but you'd think they would highlight it more prominently.
2) Support Emails: I sent an email to their support box over 2 weeks ago now AND have yet to receive a response. So much for 24 hr turnaround times. This one alone is enough to make me wary of ANY company, let alone a BTC lending company.
3) Defaulted Loans: It looks like one of the borrowers on their site will be defaulting on a loan that I invested in. I suppose this risk comes with the territory, but you'd hope that the company would put their money where their mouth is and would do something in the way of recourse for defaulted loans.
All in all, I think I'll be staying away from this type of business until someone can button it up and make it a bit more lender friendly.
I say a bit because they actually do provide you with the BTC you put in/invested, and they don't just take it and disappear. But, short of that, they seem to just take your money and stay silent about it.
Main Issues:
1) MtGoxUSD Based Loans: If I had known that these loans would be backed against USD and I would be getting screwed on the BTC price increases, I would have NEVER invested in the loan. This was not made clear when investing in the listing. The only way I found out was checking the dashboard to see how much BTC I was still owed on some current loans, and seeing that price rapidly drop with the latest BTC increases. They have a brief talking point about this type of loan, but you'd think they would highlight it more prominently.
2) Support Emails: I sent an email to their support box over 2 weeks ago now AND have yet to receive a response. So much for 24 hr turnaround times. This one alone is enough to make me wary of ANY company, let alone a BTC lending company.
3) Defaulted Loans: It looks like one of the borrowers on their site will be defaulting on a loan that I invested in. I suppose this risk comes with the territory, but you'd hope that the company would put their money where their mouth is and would do something in the way of recourse for defaulted loans.
All in all, I think I'll be staying away from this type of business until someone can button it up and make it a bit more lender friendly.
Once you're up and running I would make use of any p2p pool. I got burned by a few of the standard pools, and since then I've stuck with what works. P2Pool.org has been good to me.
Also, GPUs are still great for Litecoin mining. No mention of Asics yet as no one has deemed it profitable enough to turn their focus away from BTC.
Also, GPUs are still great for Litecoin mining. No mention of Asics yet as no one has deemed it profitable enough to turn their focus away from BTC.
It is called a "crash". Similar to the dot come "crash" which took about 2 years. Crashes don't happen in one day like people think, it takes place over the course of months with ups and downs, but a steady downward trend.
BitCoin is crashing. Sorry, $238 to $77 over the course of 2-3 months is a classic crash, and it is continuing.
BitCoin is crashing. Sorry, $238 to $77 over the course of 2-3 months is a classic crash, and it is continuing.
Well this guy just traded those shiny coins in for some LTC. At least there it's been a bit more steady and in fact shows signs of improving.
Lot's of reasons that cause the bitcoin to go down at the moment:
1.) In april there was money moved out of cyprus with the help of bitcoins. There was a high demand that caused the price to go up. But this has ended. So less demand and value
2.) Until the end of may the Winklevoss Twins bought lots of Bitcoins for their Bitcoin fund (they claim that they have bought bitcoins for 11 million USD. In april they owned 1% of all existing bitcoins). They probably stopped that which means there is now less demand and lower value.
3.) ASIC Miner is now doing 20% of the hashrate, plus the other ASIC mining people driving the difficulty up a lot. This is the cause that lots of GPU Miners stopped mining bitcoins. But when they don't mine bitcoins anymore, they don't spend them in shops like bitmit or bitcoinpride, they don't place bets or play poker with bitcoins anymore... Which means less demand and lower value too. The ASIC miners seem just to dump their bitcoins to get their investment back or to buy even more ASIC miners.
Hashrate Distribution: http://blockchain.info/pools?timespan=4days
Hashrate goes up: http://blockchain.info/de/charts/hash-rate
Revenues go down: http://blockchain.info/de/charts/miners-revenue
Transaction Value went down: http://blockchain.info/de/charts/estimated-transaction-volume
Number of Transactions went down: http://blockchain.info/de/charts/n-transactions
Number of used Bitcoin Adresses went down: http://blockchain.info/de/charts/n-unique-addresses
Market cap going down: http://blockchain.info/de/charts/market-cap
1.) In april there was money moved out of cyprus with the help of bitcoins. There was a high demand that caused the price to go up. But this has ended. So less demand and value
2.) Until the end of may the Winklevoss Twins bought lots of Bitcoins for their Bitcoin fund (they claim that they have bought bitcoins for 11 million USD. In april they owned 1% of all existing bitcoins). They probably stopped that which means there is now less demand and lower value.
3.) ASIC Miner is now doing 20% of the hashrate, plus the other ASIC mining people driving the difficulty up a lot. This is the cause that lots of GPU Miners stopped mining bitcoins. But when they don't mine bitcoins anymore, they don't spend them in shops like bitmit or bitcoinpride, they don't place bets or play poker with bitcoins anymore... Which means less demand and lower value too. The ASIC miners seem just to dump their bitcoins to get their investment back or to buy even more ASIC miners.
Hashrate Distribution: http://blockchain.info/pools?timespan=4days
Hashrate goes up: http://blockchain.info/de/charts/hash-rate
Revenues go down: http://blockchain.info/de/charts/miners-revenue
Transaction Value went down: http://blockchain.info/de/charts/estimated-transaction-volume
Number of Transactions went down: http://blockchain.info/de/charts/n-transactions
Number of used Bitcoin Adresses went down: http://blockchain.info/de/charts/n-unique-addresses
Market cap going down: http://blockchain.info/de/charts/market-cap
An excellent analysis, with some really interesting information. Thank you
Agreed....
This has me thinking that now would be a good time to swap some of these bad boys out for another currency.... Sad... because I stand to lose a bit.
It wasn't going to just keep going up, but if you look at the excitement I would say it's still an opportunity. Just think a whole lot of mining equipment just got a lot cheaper 
haha yeah I guess you make a valid point....
Time to stock up!
Bitcoin is defaulting, quick, everyone delete wallet.dat!
HAHAHAHA! Good One!
It's just correcting to where it currently belongs, which I believe is at about $60 a coin.
I figured more like $75. But what's $15 between a couple of bitcointalk members?
I actually don't mind the fall, and here's why - I hope to acquire 6,000 of them before it reaches $500 USD a coin, which I suspect will happen sometime in next 15 years.
I agree. This is just an opportunity to acquire bitcoins cheaper. Sounds like a great thing to me!
Yeah but the question is how cheap is cheap!?
Does anyone else find it odd that the Bitcoin price has been slowly declining?
What's up with that!?
http://t0.gstatic.com/images?q=tbn:ANd9GcRY18S8Uu6MrP0ITUGgugzsn8OEjgbPUbUiVs3lkmWmOZ-h4di7
What's up with that!?
http://t0.gstatic.com/images?q=tbn:ANd9GcRY18S8Uu6MrP0ITUGgugzsn8OEjgbPUbUiVs3lkmWmOZ-h4di7
Hi all,
Total Btc Noob, but not so new to hardware.
Is there a particular 7950 do you guys recommend? i.e. Sapphire over MSI over XFX? Does this even matter?
Assuming that I'm slapping 2 of these bad boys into a Haf XB case, does your Mobo recommendation still stand?
http://www.newegg.com/Product/Product.aspx?Item=N82E16811119265
Thanks!
Total Btc Noob, but not so new to hardware.
Is there a particular 7950 do you guys recommend? i.e. Sapphire over MSI over XFX? Does this even matter?
Assuming that I'm slapping 2 of these bad boys into a Haf XB case, does your Mobo recommendation still stand?
http://www.newegg.com/Product/Product.aspx?Item=N82E16811119265
Thanks!
I have 15 BFL Singles mining away with 15 SC upgrades dancing in my dreams. Every email I get I hope it is BFL asking me to send them in for upgrade.
Damn.... Sounds like you knew someone over at BFL...
Im mining with 4 X 7850 / 2 x 7770 / 2x 7950
Makes about 3000 KHashs consuming 1,5 KW/h :-D
Im payinf 0,28 $ per Kw/h, so at the moment its really worth the effort.
Makes about 3000 KHashs consuming 1,5 KW/h :-D
Im payinf 0,28 $ per Kw/h, so at the moment its really worth the effort.
What types of chassis do you use for those machines (and perhaps in particular, the quad-GPU one)?
I have a well-ventilated SFF case for my single-GPU system, but I guess I'll have to use milk crates or something when it reaches 4..
I 2nd this request... Can you share more details?