I'm currently taking part in this competition with a couple friends (gentleman's "see who can win the most with .01" agreement) and was long during the rise, which was quite fun. I didn't want to tell anyone else about it because I wanted to win the prize all to myself, but I figure the trollbox would be more fun with some people in it .

However, this exchange is still new, and I would caution against using 50x leverage (I usually never go higher than 30x), with the way the order books move around I think it could be possible to get margin called when the price moves and they are refreshing the books if no humans have orders to protect that zone during the shift. I talked to the admin and they said this will soon be fixed, hopefully this week.

Full Disclosure: The owner of this website is a friend of a friend, and I believe it to be trustworthy. 

This thread is less than reddit quality.  What the hell is going on?!

Dude, I've been so damn busy lately, I just don't have the time to research it.  Its seriously because my girlfriend is cold and i told her i can just fire up a few GPU's in the bedroom at night, but I figure if I'm going to support the Darkcoin network, I outta do it right.  Thanks for the info though!

I've been searching for these cards specs on Darkcoin but its been so long since i've mined Darkcoin (it was a hot summer) but now my desktop is back in action ready to mine.  Can someone help me out?

I'm using my SGMiner from May: sgminer -o stratum+tcp://stratum.simpledrk.com:3353 -u Address -p x -w 128 -I 13 -k darkcoin


Is there a better more targeted approach?  Is there a more effecient miner out now?

I found one a few months ago on Slush... it was a grand feeling.  I wish you could name blocks after you, like, naming stars... haha.

For news, Reddit is the one stop shop for me.  I try some of the crypto news sites, but aside from coinfire a couple others, most of them have had way too much bad history for me to trust.

As far as anything else and actually participating in the community, this is the place.  Mining hardware/knowledge and basically anything you could get from the other sub reddits of the bitcoin subreddits (aside from maybe some notable TA's on bitcoinmarkets) are mostly better picked up from here.

When you are starting out and dipping your feet into crypto, start here.  Once you have a few niche sections of the forum that suit you, you'll naturally find yourself on reddit a more significant portion of the time.

Also, I spend a lot of time on IRC's, but that's personal preference

It's amazing how many people don't get this.  This is a community, not some company just waiting to release the next starcraft to take the nerd community by storm.  I'm hopeful the price decline remains low toget people in the game for more than just money.  The more those type of people get into bitcoin, the more it gets in  the way of the technology and the more it makes me want to scream

It was a nice "Hey I'm done writing my book now, I'm back" sort of thing.  The crypto community thought he threw in the towel or something.  I was so happy he was speaking over literally ANYONE else in this community that has been outspoken thus far.  There are very few names in this space that don't come off as a little cooky, and I think its because you had to be a little weird to get into this early....

I am slightly overextended on my long positions I think in terms of my diversification strategy, but I'm wary of putting any more money in stocks, between my ROTH and buying more bitcoin, bitcoin is winning.  Was hoping to see lower prices, but this manipulation is hard to trade.

I would say this is one brave whale, but hey, even if someone chomps him up, not like 9 mil is the worst thing in the world to have, especially if he's an early adopter. heheh.

GenTarkin.... great post.  Although I hope its the megamines that shut off all their inefficient shit and just run with all the new stuff.  The smalltime miners will keep running at a loss (I mine with about 5 th/s, I'll absorb the power costs until the blockchain explodes if I have to).

I think a lot of small time miners feel the same.  Whats an extra $30-200 on their bimonthly power bill anyway?  Unless the amount of bitcoin I mine is equal to peanuts, I'm going to keep running even if it costs me more in power.  I hope people with similar amounts of hashing power feel the same.  People running full nodes and mining on small pools and p2pools have a desire for a healthy market.  I hope they endure.  I will.

Should have bought cards with utility instead... like Magic cards.  Best investment of my life ... If only Mt.Gox was what it was supposed to be in the first place!

The miners are taking way too much money out of this system anyway.

To maintain a healthy market, we need the miners to get compensated fairly, sure, but the drastic increase of efficiency in mining gear has made producing bitcoins much cheaper.  A high bitcoin price does nothing but compensate those miners for the risks they took, and whoever happens to be on the winning side of that trade (and hodlers ofc)  Most mining gear from Bitmain and other companies should be close, or have already ROI'd by now, if purchased at an appropriate time.  Institutional miners can stop the dumpfest and wait for the price to recover and get enthusiasm up again (because this is a permabull market, need I remind everyone here, that at this point, the bulls remain unshaken, and the people with large stakes of coins can't afford to be bears anymore, and where the hell else is the downward pressure going to come from?  Miners will stop selling, bears are ready to jump off the bandwagon, they are already setting their SL's closer and closer together....

At some point, for all those invested in bitcoin, even if it means climbing on razor thin volume, the dumping will stop.  You can bet on that.  After all, miners have millions of dollars worth of hardware, they aren't going to just shut the shit off....

This is one joke of a post coming from a "Hero Member".

OP, I don't have the time to explain everything, but so long as you are confident your operation won't go down, the only thing that may have a problem with temperature delta is the PSU.  The heat generated from the miners will be more than enough to keep condensation off, though... So I'd say go for it, just have a spare Psu in case...  But I have all of my miners outsideand I've never had a problem, two of them reside on my balcony, in fact.     

People have this jaded view that if the government bans something its going to drive people away from it.  We are so nascent that it would likely attract more people than it would drive away to be honest.

Maybe they are reporting from the future?  Space/Time has some funky glitches  sometimes...

I wish it was more friendly than you make it out to be.  We have a decent community here, but we are so scattered, and the "community" doesn't really pull together to accomplish anything.  Compare that to our sister local community in Vancouver and we are a mess.

That said, we are better than most, and I look forward to us getting more folks on board, especially restaurants, that stuff is fun!

Honestly, I think home miners should only mine as a hedge against bitcoin price stagnation, which could theoretically lead to difficulty stagnation.  If you are long on bitcoin, have a sort of 15% mining operation.

Lets say you buy 10 BTC.  Maybe it would behoove you to buy 2 Antminer S3's.  If the difficulty skyrockets beyond profitability too quickly, then it would be probably safe to assume that the bitcoin price would have reflected upward momentum to account for the increased difficulty.

Again this is in a perfect world and we all know miners aren't rational.  But in the event of a +20% btc price, you would see a lot of old miners turn back on, and other companies roll out batches to gain hashpower.  At this point I can see maybe the difficulty doubling at the current BTC price.... anything beyond that and I'd start to worry.

Hold on guys.  I JUST ran out of popcorn.

Anyone know where I can buy any with BTC ?