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Showing 8 of 8 results by jimmijames73
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Board Archival
Re: Butterfly Labs Asic
by
jimmijames73
on 23/06/2013, 05:18:58 UTC
.
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Board Scam Accusations
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Scammer - User: Extortion (Attempted scam to extort the scammers)
by
jimmijames73
on 10/06/2013, 04:35:28 UTC
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Board Off-topic
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Random act of kindness
by
jimmijames73
on 07/06/2013, 10:08:08 UTC
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Board Archival
Re: The Bank of Bitcoin- The World's Most Secure Bitcoin Service- Unhackable!
by
jimmijames73
on 01/06/2013, 04:58:30 UTC
I think claiming to be 'unhackable' could come back to bite them.
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Board Auctions
Re: [AUCTION] 50 ASICMINER shares (48h auction)
by
jimmijames73
on 28/05/2013, 21:42:33 UTC
Quote from: Gyom on May 28, 2013, 01:29:24 PM
Since everyone sent their payment, the share ownership transfer notice has been sent to friedcat. (couldn't send it to more than 5 persons).

Thanks to everyone for a smooth auction!

Thanks Gyom.

Now eagerly awaits first dividend Smiley
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Board Auctions
Re: [AUCTION] 50 ASICMINER shares (48h auction)
by
jimmijames73
on 26/05/2013, 22:30:32 UTC
Bitcoins sent: https://blockchain.info/address/%201GKcHoEqthBvgnzUwmLgMRukw7Ppgwjcue

Wallet address for dividends:  1KeUcDvMxLPLE3APoBDKW5ThkZvdDFZ7t6

Thank you.
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Board Auctions
Re: [AUCTION] 50 ASICMINER shares (48h auction)
by
jimmijames73
on 25/05/2013, 23:40:26 UTC
1 @ 2.50
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Board Archival
Re: I sold everything at $158/159 this morning
by
jimmijames73
on 24/05/2013, 23:03:24 UTC
Quote from: ranlo on May 24, 2013, 06:36:21 PM
Quote from: BitPappa on May 24, 2013, 02:35:00 AM
Quote from: sleevedbiker on May 24, 2013, 12:59:51 AM
I think with ASIC the price will go up to $300 but not for at least 6 months.

I cannot conceptualize at all why there would be a relationship between market price of BTC and the efficacy of mining computers. Can you (or anyone) explain why you think ASICs will boost the price of Bitcoin (or lead me to post that explains it)?

I think the theory behind it is that if you can no longer mine them, you have to buy them. This increases the demand, driving up the price.

At least that's the theory behind it.

I am new to bitcoin and still learning, but if ASICS make the difficulty too high for the average miner, and mining becomes the domain of large enterprises, could people lose interest (since they cant mine and earn their own btc) and lower the demand?