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Showing 11 of 11 results by vn
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Board Bitcoin Discussion
Re: MTGOX whistleblower...the plot thickens.
by
vn
on 08/03/2014, 22:12:43 UTC
Quote from: CryptoDomains
http://valleywag.gawker.com/whistleblower-threatens-to-expose-corruption-at-bitcoin-1538965958/@laceydonohue

Should be interest.


I hope this gets some media attention.

Posted From bitcointalk.org Android App
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Topic
Board Bitcoin Discussion
Re: Most Bitcoin will be clawed back due to widespread theft
by
vn
on 02/03/2014, 14:14:18 UTC
Quote from: AnonyMint on February 28, 2014, 11:47:44 PM
Everything is traceable on the blockchain, unless it went through a mixer. Mixers are probably compromised by the NSA, and if not, this could taint all the coins coming out of the mixer, so you just proliferated the taint!

We don't even know how much theft is going on.

We don't know how much coin passed through criminal activities, thus can be confiscated due to Admirality Law.

BitCON is not the repudiation-proof system we thought it was. It is some kind of other wild, unpredictable chaos.

I don't know how big the mess will be. And I don't plan on hanging around with my life invested in Butt(hurt)coin to find out.

You are free to make your own risk assessment.

Listen to yourself....
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Board Bitcoin Discussion
Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws)
by
vn
on 18/02/2014, 23:35:51 UTC
I disagree with your premise that flaws will cost investors "billions".

The bitcoins aren't going to disappear, and in order for governments (really the people behind them) to want to have them they have a vested interest in making sure they have value.

You are missing the point that the only reason governments would want bitcoin is because it has value. No value = no interest from the government.

If your argument is that some investors will lose a lot of money, then congratulations you've described just about every investment instrument that there is.

Some will lose a lot, others will gain a lot.  This isn't anything new.
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Board Service Discussion
Re: Good price at CEX.io
by
vn
on 17/11/2013, 14:54:06 UTC
Two things, the opportunity to trade at CEX.io for GH/s is making me money.  Second I can point my non-cloud hardware at the ghash.io pool and mine with zero fees.

I think being able to take advantage in the fluctuation of BTC/GHS is a good trading opportunity, and sure there are other zero fee pools, but this one has a decent hashing rate.
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Topic
Board Mining
Re: Any suggestions for how I can heat my office - its starting to get a bit chilly
by
vn
on 17/11/2013, 14:46:54 UTC
Put on a sweater.  Mining rigs like the cold.
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Topic
Board Mining
Re: CEX.IO-I You Show Me Yours and I will Show You Mine.
by
vn
on 17/11/2013, 14:40:18 UTC
I find this thread funny because I use CEX.io to trade, frequently, so my hashing rate on there is going to go up and down frequently as well.

If you are sitting on your cloud mining GH/s and not buy and selling you may be missing out on non-mining profits.  That's my 2 cents.

Still..

http://cex.io/informer/virtualnobody/f0801ba47e95c6f97f350d7df52e98fe/
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Topic
Board Mining (Altcoins)
Re: Who's still CPU mining?
by
vn
on 17/11/2013, 14:21:37 UTC
I still CPU mine alt-coins like HBN and IFC because I have the computers on anyway.  The other scenario I have is where I'm GPU and ASIC mining bitcoin on a machine and want the CPU to do something instead of just sitting there.

There are profitability calculators out there you can use.  But don't expect to make more than pennies a day per machine even with the most profitable alt-coins if you are just cpu solo mining.
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Topic
Board Beginners & Help
Re: CEX.io Problem
by
vn
on 17/11/2013, 14:07:21 UTC
No problem!
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Topic
Board Beginners & Help
Re: CEX.io Problem
by
vn
on 16/11/2013, 19:38:47 UTC
Nope, it's trying to guess at what your shares will be based on the current hashing rates (yours and pools) and what the difficulty is and what the variance probability is (time it will likely take to find a block).

You'll see better (more accurate) information if you scroll further down that page to the info under last blocks.

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Topic
Board Beginners & Help
Re: CEX.io Problem
by
vn
on 16/11/2013, 18:21:37 UTC
Unless my math is wrong your hash rate as a percent of the pool's is 0.0000345%

And your shares (at 32 shares per shift) as a percent of the pool's is 0.0000352%

So at 32 shares per shift with 0.5GH/s, your getting right about what you should.

Regarding it flipflopping between 32 and 64 shares per shift, look at how small of a percent your hashing (or shares) are to the rest of the pools and it's easy to see why it's hard to calculate that exactly.

I have a couple GH/s at CEX,io and my results jump around a little also, but by the math I'm never getting short changed and that's what counts.
Post
Topic
Board Beginners & Help
Re: What will we see first? BTC=$300? or BTC=$500?
by
vn
on 15/11/2013, 19:57:39 UTC
I'm guessing bitcoin >$500.  I have noticed that hardware prices (per GH/s) are going up but I can't imagine that's going to continue.  Sites like cex.io have the GH/s cost on a continual (nearly) downtrend, as it should be.