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Showing 20 of 228 results by mizike29
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Re: vilder reputation thread
by
mizike29
on 15/04/2014, 04:08:07 UTC
I want to rent the rig, but I didnt see how you specifically choose for it to mine litecoins? Is there an option, or if I put the pool and information in for my litecoin script it will mine for litecoins? Thanks, great job
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Board Speculation
Re: How fast will bitcoin recover?
by
mizike29
on 23/11/2011, 00:13:22 UTC
I honestly dont think anything is going to happen at this point.  Costs to much to create them, there really hasnt been anything to make it jump back up, and 2 bux is sitting about right and stable for awhile.  Wish I would have jumped on the 30 dollar a coin ponzi scheme when it started what the hell, missed the boat again lol
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Board Speculation
Re: EVERYONE CALM DOWN
by
mizike29
on 23/11/2011, 00:11:47 UTC
Really sucks that this died, forums dying, support dying price dying, bitcoins have become pointless and does now seem to have been a ponzi or pyramid scheme lol  Just wish I would have hit it hard at 30 bux.
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Board Speculation
Re: EVERYONE CALM DOWN
by
mizike29
on 17/11/2011, 02:48:33 UTC
One has to agree it carries characteristics of gold as well as a bunch of other crap lol.  Only problem is now its pretty close to worthless and has been for a couple months,  2bux a bitcoin isnt going to cut it with the cost it takes to make them and the difficulty to use them for things that matter.  So now there like cheap trading cards
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Board CPU/GPU Bitcoin mining hardware
Re: 2x6990 Possible with 1000w PSU?
by
mizike29
on 03/11/2011, 02:55:58 UTC
THats what im saying, if your pushing your two 6990s like you should and you have a good system overclocking it, running strong, you want a 1k wall thermaltake at minimum, anything less is just going to die, no reason to push it, now if you run just the cards, basic system you can get away with it, but if your trying to keep it running 24/7 for awhile, then the thermaltake 1000 watt is the best option for the price.  15k are overkill but pretty expensive.  RIGHT NOW THE  Corsair HX1050 is out replacing the 1000 watt and is always a good choice.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 28/10/2011, 22:50:35 UTC
Yeah I came into bitcoin early, around 1 dollar a coin, in the beginning way before the spike to 30 bux and it was because I thought it was a cool, unique concept that could take off.  After being around and seeing the instability and scamming and how complex it is to use, and mine, with me being very computer literate, I lost some faith that normal people would pick it up enough to make it work. I hope it does turn around, its still as cool as it was a year ago.  I will support it. 
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 28/10/2011, 19:20:04 UTC
I know the privacy you get with bitcoin and its just as much as a prepaid credit card that you put cash on.  Using bitcoin you will still have a trail, smaller then normal methods but still a trail.  Yes I am pointing out both, that bitcoin doesnt provide more privacy then other available methods and that you do not need that level of privacy, almost anyone can be found or information found on anyone by the time you were 16 or so if born in the 70s or 80s.  Buying things online is what were talking about here, so no I dont think you need to hide the fact your buying a laptop, or a camera, or a inflatable women whatever.  And if you do, bitcoin has a very hard time paying for those items anyways, and the privacy you could get can also be had with out bitcoin.  And why would not needing privacy mean your not doing anything interesting with your life, thats just stupid.  I can do many many things and not worry about if the government or big eye in the sky know about it, and the more interesting things I have done, I know the government either doesnt care or wouldnt know about them and it wasnt by using bitcoin.

I love bitcoin for sure.  Its just not privacy thats going to save bitcoin at this point.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 28/10/2011, 02:10:05 UTC
OK NON COMMUNIST COUNTRIES, is that better?  We havent had issues in non communist areas in lifetimes and lifetimes.  There is nothing that has shown it would change to any extent at any rate that bitcoin would be the answer to the problems of your privacy.  We already know that bitcoins are not private.  They can be tracked and traced.  No more private then if you take some time and make purchases with a prepaid credit card.  Your looking way too deep into this and yes being way to paranoid.  Ok in other underprivileged countries where privacy might be more important, maybe bitcoin might offer something, but theres not too many places that you cant get a prepaid credit card for cash that would keep your privacy and order whatever you want. Even if you buy something with bitcoin you have to get it shipped somewhere, your apartment, house, or lets say you use a receiving company, that has your information from your license and info unless your faking that or using some shady place that doesnt require identification. Theres not any major items that you can buy with bitcoin either, if bitcoin is going to make it, it would have to be utilitzed by companies like newegg or amazon etc, so wouldnt much matter at that point, your going to be tracked by who you buy it from, and a prepaid card leads to no where.  Bitcoin can lead to your computer, or information from where your storing the bitcoins, or what service your using to buy the products, no more private then other options that already exist unless your in some communist country.

And ok, anything is possible, but yes I wasnt referring to just my lifetime, were talking 100s of years and some crazy changes that would force people to buy products in secret.  I just dont see it.  Not to mention were sitting around 2 bux a coin. 
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 25/10/2011, 21:49:58 UTC
Good lord what are we living in the days of the NAZIS.  THis is america people, not hard to find info on anyone, no ones using what you buy on newegg and amazon against you lol, Reading too many books and watching too many movies or something lol.  Ok, I understand it can happen, but christ we have grown as a country, if you live in the USA, theres a pretty damn good chance, like 99 percent, that its not going to effect your freedom or what happens to you in your lifetime.  We only live for about 60 to 70 years, something major would have to change for that to matter and at that point, bitcoin wouldnt matter or even be discussed, we would be facing much more important problems then buying something online lol.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 24/10/2011, 20:49:01 UTC
Come on man lets be real though.  I am a very very very active buyer, seller online and so are most of my friends.  Who cares if someone knows you bought a book at amazon, or a hard drive at newegg.  There not getting any more information then I can find on you by your IP address, and doing some research, or glancing at your mail and getting your name, any trash you throw away, bills, letters etc.  Credit cards are safe, protected with chargebacks, and fraud, paypal same thing, and theres not much they can do with the little information they get when you buy something.  And if your that worried pay with a damn money order from a post office under a fake name.  Bitcoins are only semi easy inside the USA.  The value is extremely sketchy, not much upside with bitcoins at this point.  Yes I understand you might want to keep yourself private with porn, drugs etc but come on, I have been buying and selling shit online for over 10 years now, not much risk at this point.
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Topic
Board CPU/GPU Bitcoin mining hardware
Re: 2x6990 Possible with 1000w PSU?
by
mizike29
on 24/10/2011, 20:43:19 UTC
Do not try to run two 6990s on a 850 watt PSU, it will fail, even a 1000k watt power supply it will cause issues for sure, unless you have a very low power rig in general for the rest of the rig.  Its not just the two cards, but I have seen the ones I have built blow the thermaltake 1000watt power supplyes a couple of times already, its just a lot of stress on the PSU if you run it for mining 24/7 with the rest of the system and the heat.  It can be done for sure, but your much better off having some room to play with.  Definitely do not go lower then a 1000 watt PSU for mining with those cards.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 24/10/2011, 01:16:45 UTC
Your talking about that one website, and nothing really wrong with paypal, or money order, or sending in a check.  If you dont want something connected to you then your either paranoid or its illegal, really no worries connecting yourself to 99 percent of businesses out there to buy anything online.  Yeah graph would be cool and I have seen something similar, but its really not the difficulty, its just at 2 bux a bitcoin, you have no choice but to spend about 600  to 700 bux for a decent mining rig, its going to take a long damn time at 2 bux a bitcoin just to break even on just your rig, then you have the difficulty and electricity that gets into play more after you finally break even in years lol.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 23/10/2011, 06:28:53 UTC
I dont know what rig you would have, but you need at least 700 bux for a computer and card that will mine bitcoins well.  At 2 dollars a bitcoin, minus your electricity, it will take you a long long long time to just break even and pay for the rig.  That is why I see it at 10 to 15 bux a bitcoin being a good price, and a wall between 10 to 15 for stability for businesses to take the risk in selling items we need for bitcoins.  As it is now, I agree the stability is the biggest issue.  I do not think 10 dollars a bitcoin is too high for a normal rig to create bitcoins and make sense.  Takes about 3 days to make one bitcoin, thats about 20 bux a month generating bitcoins with a 700 dollar rig, minus the cost of electricity, so do the math holy hell over 3 years to pay for your mining rig easliy.  That just doesnt make sense.  This is where I see it needing to be around 10 bux to 15 a coin and a stable wall built as a guarantee for businesses to take the risk of selling items for bitcoins.  No real business is going to sell anything that matters for over 10 bux, that might be bought for 5 bitcoins, when 2 weeks later those 5 bitcoins would be worth 5 bux, too risky especially when you start selling items like ipods, ipads, computers, graphics cards etc, things that cost 100s of dollars, way too high of a risk unless you convert your bitcoins into cash immediately, which if your doing that then whast the point, just sell them for cash to start with
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 22/10/2011, 05:49:09 UTC
I mined plenty too, what does that have to do with anything. The difficulty changing doesnt change enough by dropping to make it so much easier to create a bitcoin and cheaper to create a bitcoin then 2 dollars that 1 bitcoin is worth at this point does it?  No one will mine if it doesnt make financial sense and you lose money, no business will accept it if there bitcoins are worth half as much tomorrow as they were today, keeping it as a fad that will pass on, or if u dont want to say fad and make it sound cooler its an experimental micro economy that its advocates would like to see increase in size.  That just keeps it a nerdy, cool, fun little thing to play with.  The point of bitcoin would be to have it function better then a dollar does.  A dollar is stable, still a dollar today, still a dollar tomorrow, prices of products change, but not the dollar.  Bitcoins change in value and the products change in price, you cant have both, and the cost of making bitcoins is very high right now.  U need stability, u need a good price point or were just buying useless small items on forums, trading them for some reason, when really you could buy it for a dollar. Unless you need to buy drugs with it.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 22/10/2011, 03:55:32 UTC
Yeah I dont understand how you miss the point of we need bitcoin to be stable and around 10 bux a bitcoin for it to work.  Its not for speculators, its for mining.  It costs more in electricity, a computer rig with at least one good graphics card to mine one bitcoin then what one bitcoin is worth, that is a major problem.  Also the price isnt stable, so no businesses will want to risk accepting bitcoins when they could sell a shirt that cost them 10 dollars to make for 5 bitcoins at 2 dollars per bitcoin but then next week there same bitcoins they took for that shirt are only worth a dollar a bitcoin, they just lost 50 percent on there shirt sale.  Nothing will ever come of this great bitcoin, cryptography system if these two things do not change.  There needs to be a stable wall, between 10 to 15 dollars per bitcoin to let businesses work within the confines of the bitcoin structure and not take losses.  It also needs to be around 10 bux for miners to create bitcoins and keep creating them or else it will take 3 years at 2 dollars a bitcoin just to pay off there mining computer, would make no sense.  So until these things happen it will remain a toy for nerds that enjoy the concept of bitcoins, which I do love the concept and love bitcoins, they just wont work in real life.  I am using 10 to 15 dollars knowing how much it cost to make a bitcoin at this point in time with what graphics card and build you would have to buy and how much it equates too.  Now later on, or if you were an early adopter, that price point might be 3 to 6 dollars a bitcoin, but either way there needs to be a stable wall that makes sense for speculators, miners, and businesses. This is what were missing and doesnt exist right now that is causing bitcoin to just be a fad.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 21/10/2011, 03:06:00 UTC
Yes I absolutely agree with that, after the fact, but the problem is there is no stability, so if your not mining bitcoins then your paying cash for bitcoins, so if you bought the bitcoins at 5 bux a bitcoin, then there worth 2 dollars a bitcoin, you cant buy the same product for 2 bitcoins.  Mining, not for profit, but just to be able to mine a bitcoin to buy something worth a bitcoin, if it cost 2 bux to make 1 bitcoin and 1 bitcoin is worth 50 cent, then were going to have major issues, which is where were at.  Then if you want to buy a product for those 2 bitcoins today that you just paid 2 bux for, and you buy it tomorrow when bitcoins are worth only 1.50 each then again we have a major problem.  This is where we stand and at such a low low low price it makes a major problem for miners, businesses and bitcoin itself.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 21/10/2011, 02:01:09 UTC
Yeah I guess you people are just in denial and dont understand the difference between 2 bitcoins at 2bux vs 2 bitcoins at 20 bux lol.  WTF,  Its pretty simple.  IT COST MONEY, ELECTRICITY and TIME TO CREATE A BITCOIN.  If it costs more to make bitcoins then there worth then it makes no  damn sense to make them, if you dont make them then there will be no more bitcoins being made.  The gallon of milk was a perfect example or gas.  On top of that at 2 bux a bitcoin, and then going down to a dollar a bitcoin, down to 50 cent a bitcoin, your just having issues and going no where no stability no businesses will take the risk of accepting bitcoins, so bad for bitcoins, if they were 10 dollars a bitcoin and stable at 10 dollars a bitcoin, it would make sense to create bitcoins, it wouldnt cost more to make a bitcoin then its worth, and businesses, real businesses would be willing to accept bitcoins for payment.  Until those two things happen, bitcoin is dead except to play with period.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 19/10/2011, 21:28:54 UTC
Bitcoins at 2 bux are just not worth it.  Why would you need it or buy it at 2 bux a coin?  TO do what buy something you can get for dollars?  Like one poster above said and I have said before, single digits bitcoins are dead and no use to real economy.  At single digits its a nerdy, cool system that you can play with, collect, buy some things online with it, do some trading maybe, but mining is shot too expensive to mine with electricity and difficulty, and unlike what some people say, you need miners to create bitcoins so you cant ignore the cost of creating a bitcoin in this equation of if bitcoin makes sense or is dead.  We need big businesses to accept bitcoin, more stability and a higher stable price at 10 bux or more for bitcoin to have some real type of future and effect in the world.   Its almost hit 2 bux a bitcoin, that price is a dead price.
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Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 18/10/2011, 23:25:14 UTC
Shit, Bitcoin is dead, down to 2.3 dollars, jesus, what a waste of a cool system.
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Topic
Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 18/10/2011, 21:34:21 UTC
Yeah I call BUll shit tooo, if you have that kind of money your not going to mess with bitcoins to send it, makes no damn sense.  I still stand with the issue that what do you really need bitcoin for except for silk road, and maybe if you want to be anonymous.  Sending money for fees, ok maybe you can save some cash but not really because bitcoins are not worth the same daily so its a pretty big risk to save a couple bucks.  Bank to bank transfers, even paypal isnt that bad for most transactions.  There are many low price money transfer options that you wouldnt need to use bitcoin for that.  Really I only see it as being kind of cool, nerdy, fun in the beginning but pretty pointless unless it becomes stable and real companies start accepting it, then possibly it would make sense.  But I just dont see it recovering to become main stream at this point.

Oh and to answer the question, sending cash through the mail, pretty damn cheap and safe, with tracking.  Cash for gold, cash for old phones, people do it all the time, even a moneygram or similar you can send what you want anonomyous, you dont have to use real information, thats what I mean by cash can be pretty anonomous as well, or however u spell that damn word lol.