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Showing 20 of 38 results by zerk89
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Topic
Board Service Discussion
Re: Any one heard about www.igot.com
by
zerk89
on 16/10/2014, 16:27:57 UTC
@ Tony Abbot

How's it going so far? Able to withdraw your BTC

I am worried as igot is not GST compliant in australia....

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Topic
Board Speculation
Re: Predict the price of Bitcoin on 1 April 2015 - win CGB's
by
zerk89
on 02/06/2014, 09:24:24 UTC
$27,244
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Topic
Board Speculation
Re: Willy bot and no price drop..
by
zerk89
on 26/05/2014, 19:42:51 UTC
news seems to be always timed perfectly to keep the price in check so that it follows the price pattern
weird huh!
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Topic
Board Speculation
Re: Predict the next 2 years, no take-backsies
by
zerk89
on 21/05/2014, 23:47:44 UTC
July-August 2014: $4,000-7,000 ATH
End of 2014: $2,200-3,300
March-May 2015: $20,000-30,000 ATH
July-August 2015: $12,500-15,000
by end of 2015: $100,000+ ATH
This will be the point where everyone and his dog will own some BTC, the prices will no longer be influenced by miner supply of coins, this will be the leviathan bubble of bitcoin. Driven by speculation within the next year after 2015, it will be between $100,000 to $1,000,000 a coin, and so much hashrate will be churned as a result of this.


At some point more power efficient miners (Drastic peformance improvements) Will come out, the super bubble will deflate to 3-4x times less than its value (like the 2011 bubble when GPU miners got displaced by ASICS), only to reclaim the ATH 1.5 years later and break way past it.

Post
Topic
Board Mining speculation
Re: No ROI on future Mining, its a FACT!
by
zerk89
on 19/03/2014, 12:19:58 UTC
Its interesting that in January the initial thread author expected that by now (March) the difficulty would be approaching 9 billion.  It seems the author used more than 30% as the ongoing difficulty increase.   No wonder he saw no ROI.

In fact just 10 weeks later difficulty has only risen about half what the author expected with a current difficulty about 4.5 billion rather than 9 billion.

Difficulty increases between 10-15% seem much more realistic in the current environment when calculating ROI.   



No substantial miners have come online yet, wait for the peroid of April-July, you will eat a shoe.
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Topic
Board Speculation
Re: Bitcoin will be exciting again!
by
zerk89
on 17/03/2014, 15:38:31 UTC
July
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Topic
Board Speculation
Re: Where's the volume!!???
by
zerk89
on 17/03/2014, 15:20:31 UTC
Miners are not going to see a ROI, they hold whatever they are mining, this creates huge artificial scarcity. Over the next few months this will intensify to a point where it creates an environment for the next bubble. After a peak miners dump, however the news of this spike brings in lots of new money. We have Wall street coming on board in June/July, exact same point of time where miners artificial scarcity will be at its highest.
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Topic
Board Mining (Altcoins)
Re: POOL LTCBOX.NET looking for a 700.000$ Sponsor for the next 14d [GET FAMOUS!]
by
zerk89
on 16/03/2014, 13:04:33 UTC
rofl gl with daT
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Topic
Board Speculation
Re: URGENT, Bitcoin is on the verge of collapse !!!
by
zerk89
on 10/03/2014, 08:49:29 UTC
Igor, some very powerful people are behind this, and the price is engineered, don't worry sit back, relax and watch it peak to 7k in July.
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Topic
Board Mining speculation
Re: i will earn or not
by
zerk89
on 08/03/2014, 15:45:30 UTC
You shoulda done that research before you bought them, no?
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Topic
Board Speculation
Re: Bitcoin Forecasts
by
zerk89
on 03/03/2014, 11:22:00 UTC
March: Rally to 700
April: 800
May: 850
June : 825
July 1st-10th, 7000-9000$ peak
August - 3,000-5,000
1st 2015 $5,000-7,400$
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
zerk89
on 02/03/2014, 14:51:52 UTC
nope from now until june we are in a gradual climb to $800. July 1st-10th the spike to 5-9k peak will happen, then 3k~ to end of year for the next spike sometime April 2015.
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Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
zerk89
on 02/03/2014, 14:42:07 UTC
Except the majority of the networks hash power is controlled by centralised outfits (knc, ghash, etc), they arn't going to switch to Stevejobscoin, because in doing so the value of Bitcoin will fall, and so will their profits. Smiley The infrastructure for Bitcoin is going to roll out nicely in the next few years along with regulation. Also if the globalists are behind it then Stevejobscoin is never going to happen Smiley
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
zerk89
on 02/03/2014, 14:04:06 UTC
So basically we are emulating the gold rush, the cost of gold is determined by how much the producers of it are willing to part with for their time mining it minus expenses, mining it happens because it is naturally scarce in nature, there would be no reason to mine it if it wasn't scarce. The centralized data centers are not going to sell Bitcoins to you at a loss. And with all this hash power being nessecary to accomodate such a network for all of the planet (the network is so small right now), once all of it comes online difficulty is going to sky rocket and therefore the amount of BTC produced by said data centers will be much less. Thus meaning each BTC will have to become worth more over time to accommodate the costs in producing and keeping these huge data centers online. If they are not happy with the current prices then they are just going to sit on the Bitcoins that they have mined. Or they can take a two layer approach like how they are doing now and still sell consumer miners, but time it right so that they get delivered where they won't meet a ROI, this way they are able to increase the price of a BTC by creating less supply from retail miners as they won't sell at those prices to see a profit (think $38 million worth of hardware in one batch being shipped out, don't underestimate it). With an increased cost of expense (non centralised mining is more costly, retail electricity prices etc). this is guaranteed to happen. Either way the price is only going to go up and up, the price spike we are going to see in 1st-10th of June 2014 is what is going to smash psychological barriers as it will be in the several thousands (I predict 7k-9k peak), and the perception of Bitcoin worldwide and will be splattered across every media channel across the globe (except Russia hue). Gas pedal, Gas pedal, you should be all welcoming the increased network hashpower, bring it on. There is nothing left for us peons to do but buy BTC. Gold will become a tenth of its worth or worthless when Bitcoin becomes mainstream, services so that Bitcoin can become viable for mainstream use will be built by those willing to reap the rewards for doing so, and this is already in motion now. I can't help but feel this is a globalist plan from the start, and this is a way for all the main super powers in the world to default on their huge debts in the end (the globalists are behind these countries right now any ways, knc is likely just a seed organisation for them, NSA scientist invented Bitcoin breowz run at me), have a monopoly on the entire planet, and once this is achieved they can see their agendas fufilled with whatever they have planned for the human race, maybe the "globalists/illuminati" know better and are good people who envision what needs to happen on the planet to advance the human race further, maybe they are evil. Who knows in the end?
Post
Topic
Board Mining
Re: Did the MysteryMiner (MM) keep his coins?
by
zerk89
on 23/02/2014, 11:06:44 UTC
This is called hoarding a large portion of the minted coins and holding on them to drive the price of BTC up, whoever wants to see BTC suceed is doing this. KnC is doing it today with their datacentres, they mine months before with their "new hardware", they never take it offline either. They sit on all the coins they mined, a few months later they manufacture the same amount of hash power that they have in their data center with the same tech, and ship it out to everyone else at a set price. As soon as retail miners receive them it's easy to see that they won't ROI, KnC knows this aswell as they control most of the network either way. After all the batches arrive to customers (38 million $ worth for neptunes right now), no ROI in sight = miners hoard coins, as KnC has also hoarded all coins for months before with no intention of selling, artificial scarcity happens, retail miners hold their coins and the price drives up on the exchanges. If these big mining manufacturers wanted to crash the market, they could right now. Do you seriously think that there is 7-11 billion dollars sustaining the current bitcoin price? Hell no. Probably 10-100 million. KnC has a kill switch, questions to ask yourself - 1) Do they want Bitcoin to succeed? 2) What are their real motives? Is it just to sell hardware? That mystery miner in 2011 held all the coins it mined, that's what caused the price spike shortly after.

Satoshi = KnC?
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Topic
Board Speculation
Re: PayPal & Ebay to Integrate Bitcoin - get ready for $10,000 +
by
zerk89
on 23/02/2014, 07:36:21 UTC
he didnt use the word bitcoin once
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Topic
Board Speculation
Re: As a protocol Bitcoin isnt worth much
by
zerk89
on 23/02/2014, 07:33:21 UTC
real decentralised, look at knc's data centres :)DDD~~~
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Topic
Board Service Discussion
Re: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol !
by
zerk89
on 10/02/2014, 10:43:22 UTC
Everything they have done is basically to swing the market. First they had their fiat bank accounts frozen, so they ran out of fiat and stopped withdrawals to hike the price up and people were paying a premium to buy there, gox would take that fiat from a purchase and buy the same coin on another exchange for 10% cheaper and pocket the profit.l. Then they limit BTC withdrawals to cause a panic, and blame it on a flaw in the protocol. Price plummets and all of the BTC is still on the exchange, everyone sells their coins and GOX buys them all with the profits from before, price is way loweer on GOX because of the surplus of BTC that was held hostage by them in the first place. This caused more people to rush to deposit fiat because for them the risk is worth it to get some coins at a much cheaper rate. All the new deposits go into their ponzi fund to pay back the months and months backlog of withdrawals they have. What a clusterfuck.
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Topic
Board CPU/GPU Bitcoin mining hardware
Re: Cooling Mining Rigs - AC Installed, Fans On each Rig... What Next?
by
zerk89
on 09/02/2014, 06:00:12 UTC
The whole problem for you is moving the air out, your air conditioner might cool the air but it's not going to matter if the hot air exhaust from each card just sits there, your air system might move that air out too slowly. Stale air. Get a good commercial exhaust fan.
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: Cooling Mining Rigs - AC Installed, Fans On each Rig... What Next?
by
zerk89
on 09/02/2014, 05:58:08 UTC
It looks like your cards are too close together, i have double the space between mine and i run them in 30celsius weather outside with 26 mh/s of equipment in a small room, with just a 380mm commercial exhaust fan bringing in air from outside