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2013-04-07 10:06 32871346 Anonymous (bitcoin.gif 500x500 74kB)
So every one knows that the BTC train left a long time ago but what about LTC (Litecoins)?
Is it worth it to mine?
/BTC general discussion
Also, god damn fucking shit, I tried all kind of image extensions and it always thought I binded my image with a fucking file. Moot needs to work his detection algorithm, it sucks massive cock.
3 min later 32871401 Anonymous
I meant :
>/LTC general discussion
8 min later 32871477 Anonymous
My 6950 gets about 2.5 coins a day, 10 $ a day about
13 min later 32871576 Anonymous
>>32871477
Awesome. How much do you pay in electricity though? I bet at this point, LTC are the best investment you can make.
14 min later 32871594 Anonymous
It's not worth it, you won't make any money. Litecoins are already blown up too, you missed the boat by about a week. Realistically the next cryptocurrency to blow up is devcoins which are available on vircurex but soon to be on btc-e and mtgox. You can get them for like .000005 USD right now, but imagine how much bank youll have when it hits even 50 cents (projections say $3 max, but thats assuming we don't pump the fux outta this)
17 min later 32871650 Anonymous
How do I convert btc/ltc to usd? I heard paypal/dwolla banned digital currencies.
17 min later 32871654 Anonymous
>>32871594
I have 20k right now, if it ever hit 50 cents I'd shit my fucking britches.
18 min later 32871669 Anonymous
>>32871594
>Litecoins are already blown up too
Litecoins aren't even $5 each yet, quit being poor
18 min later 32871671 Anonymous
>>32871594
devcoin is a scam
this is your only warning
19 min later 32871678 Anonymous
>>32871654
Last place I checked had LTC for about $4 a pop.
20 min later 32871697 Anonymous
>>32871678
devcoins, not ltc
21 min later 32871719 Anonymous
How can I mine LTC on OSX? Neither reaper nor cgminer are working.
22 min later 32871736 Anonymous
>>32871719
Install Boot Camp and mine in Windows.
22 min later 32871757 Anonymous
>>32871594
go back to the trollbox faggot
24 min later 32871784 Anonymous
>>32871671
>implying all these currencies aren't scams.
24 min later 32871788 Anonymous
>>32871671
* all cryptocurrencies are a scam
FIXD
24 min later 32871799 Anonymous
>>32871784
>>32871788
> scam-mind
26 min later 32871819 Anonymous (wtf.gif 300x205 1538kB)
>only 10% are circulated
>developers keep the rest
>not a scam
26 min later 32871823 Anonymous
I bought 44 ltc yesterday for 154 using bitinstant......today the same amount would cost me 190
What the hell is happening, are bitcoins going up or is the dollar going down? Is this just how our dollars stack up against the rest of the world? I dont know what the fuck to do at this point, ive got about 10,000 usd, how should i invest? Should i buy a gpu mining rig for alt coins? Should i buy coins? Should i keep my stupid usd?
28 min later 32871859 Anonymous
>>32871823
bitcoins are $160 atm
28 min later 32871860 Anonymous
>>32871669
They passed $5 and sunk back down to 2.75, currently just under $4 i think. They'll probably hit $8 when gox starts trading it, but honestly if you didn't get in when they were 5 cents you missed the boat.
>>32871654
Yeah, me and fontas are planning on pumping this crazy in the next week or 2. Have to get our money out of terracoins first but when we do pump this we will finally be millionaires ;)
28 min later 32871862 Anonymous
>>32871823
keep your jew money, the train has left, any one who tries to mine/buy are retarded at this point
28 min later 32871863 Anonymous
>>32871823
Buy a couple of ASIC Miners. That's the best thing to do with your 10k right now, apparently.
29 min later 32871876 Anonymous
>>32871823
welcome to 1998
http://en.wikipedia.org/wiki/Irrati onal_exuberance
29 min later 32871879 Anonymous
>>32871860
fontass killed himself
29 min later 32871880 Anonymous
>>32871823
Keep your USD. Bit coins will die out soon enough because
* The people who hold most of it are fucking with the market
* Central Banks will try to regulate and attack it with everything from legislation to patent claims (see rt.com)
* It still can't buy anything that isn't illicit. Try justifying a currency that derives what small value it has from basically helping drug dealers conduct their business.
30 min later 32871897 Anonymous
>>32871863
there are no ASICs to buy. People who are making them are not selling any more (they're making their own ASIC farms).
31 min later 32871916 Anonymous
>>32871650
please respond
31 min later 32871928 Anonymous
>>32871916
coinbase
31 min later 32871930 Anonymous
>>32871819
Yes, OP here and that's a big warning. Of course in my head, I know very well that there is a big probability that it's all a huge scam but in every scam, there are winners and losers. If I play my cards well and sell as soon as it goes at an unimaginable "height", I will be one of the "dumpers" in the "pump and bump" scheme and I'm sure that group will profit immensely.
TL;DR: Whether it's a scam or not, you can still make huge profits and people already did. Just play your cards right.
32 min later 32871933 Anonymous
your image contrains embedded file.... WTF is this shit!?
32 min later 32871940 Anonymous
>>32871930
just buy 100k, it's worth nothing. if it gets pumped, great, sell it. if not, you spent like 5 bucks
32 min later 32871945 Anonymous
http://blockchain.info/address/1933 phfhK3ZgFQNLGSDXvqCn32k2buXY8a
>YFW
32 min later 32871947 Anonymous
>>32871897
Butterfly Labs are already taking orders for the next big generation of ASICs. They already have prototypes up and runner (google it), and they're shipping them in a couple of months.
33 min later 32871959 Anonymous
>>32871947
scam
run by convicted felon
over a year late on shipping
34 min later 32871972 Fiber "Boulder™" Optometrist
If you were looking into buying Litecoins you should have done it last night when they hit ~2.20 USD per LTC.
34 min later 32871992 Anonymous
>>32871945
>jesus what's so special here they got like
>oh
;_;
>>32871947
lol
also i'm mining litecoins right now
i don't think any of those alt coins have a real future but if they do it'll be litecoin
35 min later 32871997 Anonymous
>>32871940
Yeah, you're right.
I'll invest in all the little trivial coins instead of investing in just one and which ever one explodes, I'll sell when I think it reached it's peak (That is, the peak it can reach before the bubble pop or the heads of the scam sell all of their coins.).
35 min later 32872011 Anonymous
PPC
will likely overtake BTC once people digest the white paper
35 min later 32872016 Anonymous
>>32871880
Im gonna try building my own asic ...... What parts do i need?
37 min later 32872041 Anonymous
>>32872011
there's no white paper to digest
it is a pre-mined pump and dump
37 min later 32872048 Anonymous
also, it's already confirmed that litecoins are going to mtgox
they WILL go up when that happens
buy buy buy
37 min later 32872057 Anonymous
>>32872011
>urinecoins becoming popular
not going to happen
38 min later 32872058 noko
>>32871972
dude are you from Boulder?
38 min later 32872069 Anonymous
>>32872016
>building my own ASIC
>what parts do I need?
lol
38 min later 32872075 Anonymous
>>32872016
DOHOHOHO
39 min later 32872080 Anonymous (buttcoins.gif 2560x1440 521kB)
39 min later 32872094 Anonymous
>>32872080
>missed the train
>poorfag
LOL
41 min later 32872127 Anonymous
>>32871972
I bought at .22 btc , but only 150 dollars worth, i wanted to get a thousand dollars worth bit had never gone through the bitinstant process and was just testing the waters...i thought the bitcoin wouldnt move until monday but it went up 15 dollars last night...... All i want to do is turn 1000 into 10,000 by end of year
41 min later 32872129 Anonymous
>>32871880
They won't be able to regulate it, that's the beautiness of bitcoin, it's not regulatable IN PRACTICE, only in theory.
They could likely shoot down SilkRoad with an extremely expensive worldwide operation (no accident it's still up after many years despite the fact that 2 senators publicly sent letter to the DEA asking to shut it down 2 years ago, so pretty much every legal force is aware of it), but it would take way too much time and money and 10 other marketplaces would pop up in its place.
_Currently_ the vast majority of its actual business use is illicit, but that's obviously going to change as people become more aware of it.
It's a lot cheaper way to transfer money than through a bank/paypal/credit card chain.
41 min later 32872139 Anonymous
So is there any agreement on what will happen to the price of LTC once it can be traded on mtgox?
43 min later 32872157 Anonymous
uh what happened to the sticky?
43 min later 32872160 Anonymous
>>32872139
up_arrow.jpg
46 min later 32872219 Anonymous
>>32872048
Are you joking? The only reason I haven't sold everything is because the liquidity is so low at btce
46 min later 32872222 Anonymous
>>32872129
They can shut it down so easily.
All they need to do is simply shut down any company that cashes out Bitcoins, effectively banning it.. With no place to cash out, Bitcoins become worthless. Plus, there are so many flaws to Bitcoin. The fact that one only needs control of 51% of the network to essentially "own" it. Someone on /b/ computed how much in hardware this would cost, and it came to a platy $900k. This is petty cash to any government or organization that wants to shut down Bitcoin for good.
47 min later 32872236 Anonymous
Anyone got a link to a guide to setting up and CPU mining?
47 min later 32872240 Anonymous
>>32872219
https://twitter.com/MtGox/status/32 0932301049569280
47 min later 32872251 Anonymous
you're retarded if you haven't duped all your BTC by now, they're never go to be this high again.
48 min later 32872263 Anonymous
gonna get my 7970 tomorrow to start mining ppcoin or ltc. ltc and ppcoin are possible to rise.
no electricity to pay so come at me bro.
48 min later 32872286 Vorbane
>not investing in gen2coins
>2013
Sure is leddit in here
50 min later 32872327 Anonymous
>>32872286
i left the irc did anything come out of it yet?
51 min later 32872338 Anonymous
LTC is probably the best bet right now. PPC could be fucked by someone with an ASIC on it, and LTC is also being supported in terms of price that it will be carried at Mt. Gox (see >>32872240 )
I'm going to continue mining LTC even though I know I can nickle and dime a bit more out of PPC. PPC is retarded in terms of actual use; at least LTC has some benefits over BTC (transaction speed particularly).
I'll just be mining LTC and converting over to BTC. I sell daily on the margin and have about 6ghash (BTC) or 4000khash (LTC) available.
51 min later 32872345 Anonymous
>>32872222
>Someone on /b/ computed how much in hardware this would cost, and it came to a platy $900k.
>Someone on /b/ computed how much in hardware this would cost
>Someone on /b/ computed
>Someone on /b/
>/b/
Anyways, there are currently almost 2 billion dollars in bitcoins. Sure noone thought of trying to overturn it with a equipment (they wouldn't need to build it, it's enough if they had control over it).
52 min later 32872362 Anonymous
>>32872345
s/with a equipment/with a $900k equipment
52 min later 32872373 Anonymous
>>32871819
Econ is a scam you nigger, learn what life is all about.
OP, if you have coins/free electricity to do it, make them and dump them for free money.
I have currently a lab with 7950s (25 machines, 25 cards) that mine 24/7 for BTC, and I'm thinking about switching over to PPC or LTC since the exchange rates are better.
I'm pulling in roughly $300 a day
53 min later 32872388 Anonymous
>>32872286
I never visited Rabbit. The only board I know of is SRS because of all the bullshit that it caused.
54 min later 32872396 Anonymous
so, easiest way to buy litecoins ?
A week ago, the process was a pain if I recall, has it changed ?
54 min later 32872409 Vorbane
>>32872327
We have coders, a website and forums up. id say in the next 3-7 days we will have it all set and ready to go.
55 min later 32872428 Anonymous
>>32872338
>PPC could be fucked by someone with an ASIC on it
well it needs a bit more then that but i also see the difficulty crushed by asics.
at the latest when bitcoin difficulty is finally fucked.
55 min later 32872436 Anonymous
>>32872409
need any more coders or are you good
58 min later 32872501 Anonymous
Bitcoin is 1.75 Billion market cap!
59 min later 32872514 Vorbane
>>32872436
More competence is always good
http://webchat.freenode.net/
#gen2coin
1 hours later 32872552 Anonymous
>>32872514
So what is Gen2coin? 99% bitcoin code with a few changes? What did you change.
1 hours later 32872555 Anonymous
>>32872501
100 billion cap is easy for bitcoin
1 hours later 32872615 Anonymous
>>32872555
I love how people take Bitcoin, change 1% of its code and then slap a new name on it.
1 hours later 32872636 Anonymous
>>32871819
WHAT THE FUCK IS THAT GIF ?!
1 hours later 32872657 Anonymous
>>32872222
>With no place to cash out, Bitcoins become worthless.
You can buy almost anything for bitcoin already. Even SR sells Hardware (latest CPUs, latest macbook pro, mobile phones etc) / TVs / Books / etc.
Of course that's usually illicit too and it is mostly bought to wash money / avoid taxes.
But there's no way they can render bitcoin worthless, the best they can do (which is very unlikely they'll be able to, one country banning it would do very little) is making it officially outlawed.
1 hours later 32872713 Anonymous
http://bitcoinity.org/markets/mtgox /USD
FUG 163 USD
1 hours later 32872722 Anonymous btcfpga is a scam
ALERT!!
their website is down and not returning emails and phone calls. HOLY FUCK!! and another bitcoin hardware mining scam!! wheres the real shit?
1 hours later 32872769 Anonymous
>>32872129
The majority of control in Bitcoin is already in the hands of a few. They're the ones driving values up with bots and microtransactions and keeping this fucking joke going.
Either you participate in the $USD economy where a small number of people control everything and fuck you over... or you participate in the BTC economy where... a small number of people control everything and fuck you over. Sounds good.
Just face that it'll never gain widespread acceptance. I'm not saying you shouldn't pump and dump -- there are tons of people who have made a lot of money and it could easily be you that makes the next $10k for doing nothing.
But to everyone that keeps saying BTC BEST CURRENCY ITS HERE TO STAY LEL... they're idiots. Why would any sane person want to participate in a currency trade where...
* You can't buy basic resources you need for sustenance (no food, water, shelter)
* Each transaction takes > 10 minutes to complete (this time will increase if adoption increases) so its essentially useless for businesses that need real time transactions (re: anyone that doesn't have completely pathetic sales volume)
* The wealth distribution is already fucked and the market is manipulated in ways that can't be done in traditional exchanges because 0 regulations, ethics, exchanges randomly going down, bots+microtransactions, etc etc.
1 hours later 32872781 Anonymous
>>32872722
dude what are you talking about?
1 hours later 32872834 Anonymous
so uh
i'm a hardware engineer should i be selling fpgas
1 hours later 32872852 Anonymous
Daily remember that "bitcoin" was the most search term in Google Israel two days ago...
The ride is just starting.
1 hours later 32872882 Anonymous
>>32872852
>daily remember
It was second behind north corea, I think.
1 hours later 32872893 Anonymous
>>32872852
Fuck yeah!
wtf is up with 4chan it won't let me upload images.
1 hours later 32872944 Anonymous
>>32872781
btcfpga.com was the last glimmer of hope that a btc hardware provider was not a scam..that was before the site and coms shut down.
gpu mining my not be as good as fpga or asic but neither will gain wide spread addoption any time soon.
1 hours later 32872975 Anonymous
are there other manufacturers beside
bfl and avalon?
1 hours later 32873012 Anonymous
>>32872975
Nope. And BFL might be a scam, according to most people (almost a year after taking pre-orders with no finished product yet).
Avalon is the only legit provider.
1 hours later 32873057 Anonymous
>>32873012
why do i keep getting
your image contains an embedded file
1 hours later 32873091 Anonymous
>>32873057
You are not aloud to post doors any more. America ruins everything.
1 hours later 32873103 Anonymous
>>32872834
if you can produce a unit that outputs 2GHash/s with SHA-256 calculations for $600US a pop then yes, get fucking started.
atleast make a design and prototype and take it to kickstarter for start up cap.
1 hours later 32873134 Anonymous
>>32873113
Good for you.
1 hours later 32873163 Anonymous
>>32873012
for now avalon is legit but their terms are elitist. Current product preorders have yet to open but when they do its a very limited run and you can only pay with btc!!
1 hours later 32873189 Anonymous
sold all my bitcoins
gla who still got the bitcoin fever. be careful.
(i got the sickest feeling a crash is starting, lack of liquidity in the exchanges)
1 hours later 32873216 Anonymous
the last time i ran my bitcoin client was before the whole doublespend bullshit that happened a while back.
do i need to intervene in order to fix my client, or did the blockchain self correct?
1 hours later 32873229 Anonymous
So what's stopping anyone from buying a shitload of BTC on BTC-e and selling them on Gox? The price difference is almost $20.
1 hours later 32873253 Anonymous
$164.
One-hundred and sixty-four American dollars.
And you faggots thought Bitcoin would crash. Blow me, suckers.
1 hours later 32873262 Anonymous
>>32873229
nothing, except for the speed at which you can do it may be limited by the speed the exchange allows you to withdraw
1 hours later 32873266 Anonymous
>>32873229
Fees involved. But $20 might be enough of a difference to still make it profitable.
1 hours later 32873273 Anonymous
>>32873229
>giving your personal financial information to russians
1 hours later 32873281 Anonymous
>>32873189
I dunno if a crash is incoming or not, but I sold almost all mine now, as well. Since I bought most of them in February at $25 each or so and never intended to speculate or invest with them and just "fell into" the boom, I just decided to book the massive win instead of sweating it out and compulsively checking the market ten times a day. All told I bought about $5,000 of BTC over the last few months and by the time it was done I sold them all for just under $20,000, so I'm obviously thrilled.
I figured the bittersweetness of losing value by selling early beats out the disappointment of losing value by selling too late.
This whole experience has definitely piqued my interest in other forms of investing, but I'm a big believer that it takes a massive amount of hours to become truly elite at any given activity and I've got a good thing going with poker right now, so I don't really have enough time to put into stock markets or currency exchange to approach it with true competence.
1 hours later 32873292 Vorbane
>>32873229
its really hard to get cash on BTC-e, thats why
1 hours later 32873321 Anonymous
>>32873253
It was $178 earlier today. The crash has already strated.
1 hours later 32873325 Anonymous
so does the yakuza run mtgox?
1 hours later 32873366 Anonymous
>>32873321
It wasn't. 164.00 is the all time high.
1 hours later 32873377 Anonymous
>>32873321
>already started
yeah faggots like you said that when it dropped from 145 to 110
1 hours later 32873412 Anonymous
I fucking wish I had AMD GPUs I have a GTX 560Ti, and it doesn't generate very well at all. Thing is I need CUDA too. If only I had some money to start with... then I could buy some cards for mining. *sigh*
1 hours later 32873484 Anonymous
>>32873412
it's too late, let it go
1 hours later 32873536 Anonymous
>>32873412
there's no money left in gpus
this is the age of asics
1 hours later 32873552 Anonymous
>>32873536
some pocket money is still left
1 hours later 32873588 Anonymous
>>32873552
I suppose the best case scenario is that you mine for a while and eventually pay off the cost of your GPU.
1 hours later 32873602 Anonymous
>>32873281
I bought like 2000€ worth of BTC for around 15-20€. Around the end of January. Still holding on to my 110btc.
I like the excitement. Waking up in the morning to see that the price has gone up 30usd is just too much fun. Dont believe that is ever going to drop below 80usd again. There is just too many people that want to buy these coins. and I dont see that its going to change in the coming few months.
1 hours later 32873649 Anonymous
>>32873602
Bitcoins will hit 200 usd this week.
Most likely even before friday.
1 hours later 32873659 Anonymous
>>32873484
B-but...
>>32873536
It's sad.
1 hours later 32873666 Anonymous
can someone please send me a valid tutorial on litecoin mining? I tried it for like 5 hours a few days back, but couldn't find a good guide and everything was messed up.
1 hours later 32873703 Anonymous (asdd2.jpg 396x385 52kB)
that feel when to much fear to buy since it hit 100
1 hours later 32873705 Anonymous
>mfw a 18 year old guy I know became a millionaire by selling bitcoins he found on an old hard drive.
1 hours later 32873714 Anonymous
>>32873705
>making shit up general
epik
1 hours later 32873715 Anonymous
>>32873666
666, number of the devil.
But seriously, are you retarded? Before yesterday morning I hadn't mined anything, ever. I downloaded a program then, and I've already got 0.2 LTC.
If you can't be fucked to do it properly, download CPUminer, put minerd.exe in the same folder as litecoin-qt.exe, hit mine in your wallet and watch.
If you're GPU mining, get cgminer.
1 hours later 32873743 Anonymous
>>32873705
i've found a bunch of bitcoins in ya mums snatch
1 hours later 32873745 Anonymous
So will it be worth it to mine litecoins in a week?
1 hours later 32873765 Anonymous
>>32873745
if you aren't already mining them don't bother.
1 hours later 32873779 Anonymous
>>32873714
nope
http://facepunch.com/showthread.php ?t=1259650&p=40197636&viewfull=1#po st40197636
1 hours later 32873790 Anonymous
>>32873765
How do I know you're not just giving me disinfo to keep the difficulty down?
1 hours later 32873812 Anonymous
>>32873790
because the hundreds of thousands of gpus mining BTC are all moving to LTC you dipshit
look it up yourself
1 hours later 32873815 Anonymous
>>32873790
do whatever you want. I'm not here to change your mind I'm just trying to tell you how it is.
1 hours later 32873830 Anonymous
>>32873779
>60k
>one million dollars
epik math fail
1 hours later 32873842 Anonymous
>>32873790
The network is running at over 750 petaflops a fucking sec. what the fuck you going to do with 200 mh/s? With in 2 weeks it will be over 900 petaflops do you even know what a fucking petaflop is?
1 hours later 32873858 Anonymous
>>32873790
people keep saying that for months now.
use the calculators, get a good guess for the upcoming difficulty rise and/or mine ppcoin.
1 hours later 32873861 Anonymous
>>32873830
did you read? he has 60k in bitcoins and already cashed out the rest (1mio)
1 hours later 32873877 Anonymous
>>32873790
>do you really think someone would just come on 4chan and lie.jpg
>>32873812
BLP is a scam run by a known confidence man. GPU mining for bitcoin isn't going anywhere soon.
1 hours later 32873930 Anonymous
>Moot needs to work his detection algorithm, it sucks massive cock.
>>>/q/536264
just a thought
bump
1 hours later 32873931 Anonymous
>>32873877
Sorry, BFL is a known scam.
1 hours later 32873936 Anonymous
>>32873861
>a guy posted a picture so it's true!
new to 4chan/the internet i see
1 hours later 32873946 Anonymous
>>32873877
Avalons already mining and more of them are comming, faggot.
1 hours later 32873954 Anonymous
>>32873877
AHAHAHAHAHASHAHAHAHAHA
BFLs asics RUN and they have SHIT TONS of WAFERS
ASICS are here nigger, you lost. you won't get one :)
not to mention Avalon, ASICMiner, etc.
1 hours later 32873969 Anonymous
So has anyone been made a millionaire yet from this whole bitcoin business?
1 hours later 32874011 Anonymous
>>32873969
>>32873779
1 hours later 32874019 Anonymous (compelling argument.jpg 500x502 240kB)
>>32873969
my wife bought 40k at 10 cents
yes we're fucking rich now...
except we still havn't cashed out
1 hours later 32874037 Anonymous
>>32874019
Enjoy your prompt divorce
1 hours later 32874050 Anonymous
>>32873954
>BFLs asics RUN and they have SHIT TONS of WAFERS
Yeah, except they run at about 1/25th what BFL claims they do.
1 hours later 32874062 Anonymous
>>32874019
Do it now, bring the market down.
1 hours later 32874069 Anonymous
>>32874050
1/2
still more than enough to kill all GPU and even FPGA miners
stay jellymad faggot
1 hours later 32874072 Anonymous
>>32874037
the joke was I'm already rolling in filthy lucre you faggot
1 hours later 32874083 sage
Eggs in the LTC basket
Haven't done anything completely illogical and insane for a few years so I thought why not buy 5 GPU's and build a mining rig about 2 years too late?
If I break even I'll be happy. Fuck knows if that's going to happen though! Why can't I just have a normal hobby like a normal person..
1 hours later 32874090 Anonymous
>>32874019
Surely someone as fortunate as you would share the love.
12JsuMJQmC7ybuHfJjk3wnzY7Pxm1XdBRb
1 hours later 32874092 Anonymous
my dog bought 20000 when they were 0.01.
i guess i have to be very nice to him.
2 hours later 32874100 Anonymous
>>32874090
Sent ;)
2 hours later 32874141 Anonymous
Should I buy an ASIC miner? What's the wait-time on them?
2 hours later 32874142 Anonymous
>>32874019
proof.
2 hours later 32874166 Anonymous
>>32874141
1 week. But buy them now or else you will be too late.
2 hours later 32874167 Anonymous
>>32874069
Not even close. GPU miners will just move over to litecoin
2 hours later 32874175 Anonymous
>>32874142
I'll ask her if she wants to
if she doesn't, it won't get uploaded, if she does, it will
2 hours later 32874198 Anonymous
What the fuck are you all talking about? Why don't you just make money like real people?
2 hours later 32874202 Anonymous (1355319558553.jpg 600x446 127kB)
ALL THOSE SELLS
2 hours later 32874204 Anonymous
>>32874175
>2013
>not having control of your womne
ishyddt
2 hours later 32874238 Anonymous
>>32874175
>mom look I am trolling those guys on 4chan
2 hours later 32874298 Anonymous
Oh just look at that. Bitcoin is crashing and hard.
Told you so...
SELL SELL SELL
2 hours later 32874340 Anonymous
>>32874167
this kills the litecoin
2 hours later 32874346 Anonymous
Here comes the trading lag.
2 hours later 32874356 Anonymous
>>32874340
just like it killed the bit
2 hours later 32874360 Anonymous
>>32874141
You should. But you can't.
2 hours later 32874381 Anonymous
>>32874166
>>32874360
How do you know when Avalon batch #4 is coming?
2 hours later 32874416 Anonymous
>>32874381
my dad works for avalon
2 hours later 32874419 Anonymous
>>32874381
How was batch 3? I just remember 2 being hell on earth.
2 hours later 32874425 Anonymous
>>32874198
Should I just buy this now?
http://www.butterflylabs.com/
2 hours later 32874433 Anonymous
>>32874298
20 bucks in a day almost reaching fridays volume on sunday, s-sure
2 hours later 32874437 Anonymous
>>32874425
>buying from BFL
lel nobody stop him
2 hours later 32874439 Anonymous
how long does the first start up for litecoin-qt take? The download, seems like it takes forever.
2 hours later 32874500 Anonymous
>>32874439
Downloading takes about a hour.
2 hours later 32874585 Anonymous
>>32874439
The blockchain & index are around a gigabyte total
2 hours later 32874731 Anonymous
>>32874658
what
2 hours later 32874773 Anonymous
>>32874731
Sorry, why does BTC-E have such a large differences in the worth of bitcoins compared to mtgox?
2 hours later 32874793 Anonymous
>>32874731
>tfw even being a tremendous faggot cannot save you from these feels
2 hours later 32874817 Anonymous
>>32874437
wtf. how do I do things right if nobody will help me
2 hours later 32874831 Anonymous
Whats the best way of cashing out of btc-e? Okpay?
2 hours later 32874851 Anonymous
>>32874773
It's not that big( only 9$ atm) considering btc-e is run by couple of russians in their backyard.
2 hours later 32875038 Anonymous
alright g what do I need to start on this shit
I got the litecoin client shit now what.
Also how do I do shit with the other mining programs specifically ckolivas CPU/GPU miner
2 hours later 32875041 Anonymous
>>32873103
Doing some research, potentially doable, but might be more like 1.5GHash/s
I'd have to spend around $4k to do a PoC though, so fuck that
2 hours later 32875108 Anonymous (sad dawg.jpg 217x254 7kB)
>buy litecoins at 0.03258 BTC/LTC
>crashed down to 0.02529
>hasn't recovered even while BTC is still increasing
>mfw
$30 loss so far, but I'm staying in. Litecoins are sure to rise once MtGox adds them. If it reaches 25% of the price of bitcoins as is predicted, things will be looking pretty good for me.
2 hours later 32875175 Anonymous
I made $500 loss so far. Stop crying bitch nigga.
2 hours later 32875182 Anonymous (1347834899985.gif 255x235 509kB)
>>32875108
>it reaches 25% of the price of bitcoins as is predicted
good investment idea you got there, son
2 hours later 32875223 Anonymous
>>32875108
>Bough LTC at 0.018
>Sold at 0.023
>bought again at 0.022
>sold at 0.03
welp. Mad luck. Made like 4btc.
2 hours later 32875252 Anonymous
Should I buy this to make some money? I got a good connection to the Internet.
http://www.butterflylabs.com/
2 hours later 32875265 Anonymous
>>32873715
>cgminer
cgminer always crashes for me
2 hours later 32875402 Anonymous
>>32875252
lel 4/10
2 hours later 32875405 Anonymous
>>32875252
yes
2 hours later 32875415 Anonymous
>>32872636
underage newfag detected
2 hours later 32875421 Anonymous
>>32875402
im not fucking kidding, dont rate my post. tell me for real why i shouldnt buy it. are there better ones? or is it just because bitcoin is not good anymore? what type of miner should I buy, litecoin miner?
2 hours later 32875450 Anonymous
>>32875108
>>32875182
what is MtGox? google comes up empty
2 hours later 32875498 Anonymous
At .04/kWh(USD) I will be mining Litecoins with my 3x6970's. Currently mining at 1.4mH/s with a stable overclock. I'm gonna be rich when this shit hits MtGox, estimated ~60LTC/day according to Coinotron stats.
2 hours later 32875508 Anonymous
LiteCoin will soon be forgotten just like NameCoin.
2 hours later 32875514 Anonymous
>>32875498
godspeed
2 hours later 32875541 Anonymous
What should I do now?
PPCoin? DVC?
2 hours later 32875550 Anonymous
just converted a few mined litecoins into devcoins. Hopefully I can get in on this boat/scam and make some money.
3 hours later 32875612 Anonymous
>>32875498
Godspeed you!
3 hours later 32875620 Anonymous
Where can I buy devcoins with peopledollars?
I tried mining but my GPU gets over 80 degrees and nooope not doing that.
3 hours later 32875630 Anonymous
>>32875541
Get like 500k DVC. They are so fucking cheap and they havent even taken off yet. I am sure they are the next thing after PPC.
PPC may get a slight bump.
3 hours later 32875684 Anonymous
>>32875541
Wait until an altcoin comes out with a different paradigm rather than investing in other paint-by-numbers bitcoin ripoffs.
3 hours later 32875723 Anonymous
>>32875541
Litecoin is guaranteed a bump when it starts trading on MtGox, start mining ASAP if you have the equipment, or invest whatever you feel comfortable with spending.
3 hours later 32875725 Anonymous (sfwffw.png 1242x687 202kB)
MOTHER OF GOD
3 hours later 32875750 Anonymous
>>32875723
tfw I am mining novacoin instead
should I jump on ltc instead? the difficulty is higher
3 hours later 32875765 Vorbane
>>32875725
>Butterfly labs
>ever delivering
3 hours later 32875784 Anonymous (I'll be there in 30 minutes.jpg 800x800 48kB)
>>32875725
3 hours later 32875786 Anonymous
>>32875725
if only it actually existed
3 hours later 32875794 Anonymous
>>32875725
yes goyim you should buy
3 hours later 32875813 Anonymous
>>32875725
How many bitcoins will it mine per day?
3 hours later 32875832 Anonymous
I don't see how Litecoin is viable, it has all the negative aspects of Bitcoin but none of the commercial support that actually makes Bitcoin worth using. I'm pretty sure most Litecoin users are the people who go "I wish I had bought Bitcoin at $1 !! Oh look, here's something exactly like it and it's a $1 !!".
Definitely it's driven even more by speculation than Bitcoin is.
3 hours later 32875835 Anonymous (Untitled.jpg 1171x366 90kB)
>>32875450
Is this nigga serious?
3 hours later 32875840 Anonymous
>>32875813
98.3
3 hours later 32875854 Anonymous
>>32875813
its a scam
3 hours later 32875855 Anonymous
>>32875630
I don't want to buy; happy to mine though. I don't get it though - it says 90% of the profits from DVC go to opensource developers, only 10% to the miners. Also the fact that each bock is 50,000 coins makes me wonder if this will ever take off.
>>32875684
I could, but... by that time, everyone will just latch on right away with their mining equiptment, and I'll be totally out of it.
>>32875723
Unfortunately I don't have the hardware to mine LTC efficiantly; I can get about 100 KH/s using CPU and GPU together. It's just not worth it when others are getting 700 KH/s just with GPU. *sigh*
Hence why I want to pick up a new coin before it increases in value and popularity.
3 hours later 32875865 Anonymous
>>32875832
>Definitely it's driven even more by speculation than Bitcoin is.
in the sense that 100% is greater than 99% yes
3 hours later 32875871 Anonymous
BTW I think if a bunch of crypto-currencies try to come in and start taking marketshare from Bitcoin, that's probably ultimately bad for Bitcoin and crytocurrencies in general. It will change how Bitcoin is framed in the media (crazy new concept, a new internet currency, blah blah) to just "the most popular of all those gimmicky fake currencies".
3 hours later 32875882 Anonymous
>>32875855
>Hence why I want to pick up a new coin before it increases in value and popularity.
Spoilers: you won't.
3 hours later 32875906 Anonymous
>>32875871
I don't think that the media will even acknowledge any other cryptocurrencies.
3 hours later 32875910 Anonymous
litecoin has been around for 1.5 years and gotten only 15 merchants on board, when bitcoin got several hundred in the same time when it was starting. litecoin will get merchants super slow because merchants can just tell litecoin owners to convert to bitcoin to pay so they don't have to mess with it.
litecoin is insecure. a lot of posters in the litecoin attack threads think 20k is enough to rent a botnet and cause a chain fork, which could be profitable for someone with a short position. bitcoin never had this problem after gpu mining started, because bitcoin mining sucks on cpus.
the value of litecoin could drop very fast if someone makes substantial changes to the code and releases it without a premine.
people seem to love mining though, even if they lose money. perhaps we will see them constantly trying to bootstrap new alt coins, since they can't compete with ASICs. based on the data we have though, they will all grow at a slower rate than bitcoin, making them bad investments.
3 hours later 32875951 Anonymous
>>32875855
>I want to pick up a new coin before it increases in value and popularity
I want the next bitcoin gaiz cus i wana be rich like all those people who bought bitcoin early. How do you like my plan, huh? aint im a smart muthafuka? i thought so
3 hours later 32875974 Anonymous
>>32875910
>people seem to love mining though, even if they lose money.
I guess it's because it seems to be less risk free. All you need to do is break even and then you are making pure profit without a risk!
But the difficulty bites most in the ass since it isn't completly predictable. I myself invested into mining instead of speculating and regret it greatly. I lost $10000 potential profit I could have made by buying low and selling high.
3 hours later 32876181 Anonymous
>>32875882
Why?
>>32875951
Not at all. I'm actually quite interested in economics, I find this whole thing fascinating. I just think it's a shame that I'm not more involved; I would like to be.
3 hours later 32876246 Anonymous
Question: you want to get fpga mining, where do you go?
whats the correct answer?
3 hours later 32876277 Anonymous
>>32876246
I'm not someone who does this... but you have to buy an fpga which is kinda expensive.
3 hours later 32876302 Anonymous
>>32876246
You learn VHDL and logic gates.
You buy a FPGA
You mine
3 hours later 32876319 Anonymous
>>32876246
why, fpgas are dead. either you get on board with gpus now your you wait until asics are easy to obtain
or you find another gate array and reprogram it
3 hours later 32876358 Anonymous
>>32876277
your partially correct. until today there was one company that was selling 800Mhash/s unit for $1100 but they have gone belly up (btcfpga) so now there is only ztex units but they are way overpiced relative to their performance.
there is room for a new contender, but who and when is the question.
3 hours later 32876389 Anonymous
>>32873842
pedoflops
sure I nkow nwaht thet nar
3 hours later 32876415 Anonymous
>>32876319
thats not the answer i wanted to hear..so I'm going to have to get a third 5870 so two mine btc and nmc while one mines ltc.
3 hours later 32876418 Anonymous
Someone sold 157 BTC for 1 EUR on one of the exchanges.
3 hours later 32876454 Anonymous
>>32876415
stop being stupid. mine what earns the most with all of them:
http://dustcoin.com/mining
3 hours later 32876492 Anonymous
>>32876454
And so it begins.
3 hours later 32876672 Anonymous
>>32876358
I'm still researching making one, but I'm not sure its worth bothering if a reputable vendor gets a lowcost ASIC going
3 hours later 32876779 Anonymous
>>32876672
If a reputable vendor gets a lowcost ASIC going, any CryptoCurrency that can be hashed with ASIC will be destroyed.
3 hours later 32876783 Anonymous
>>32876672
could get on the bandwagon anyway, hardware is valuable no matter what
3 hours later 32876801 Anonymous
>>32876672
all i have to say is dont give up. low cost asic is like three years away min. if you get one going and offer a preproduction discount for 2G/hash units im fucking down bro.
all this no fpga miners for the masses cuz everyone is pussy of unavailable asics is stressing me out...im going to smoke a j.
3 hours later 32876858 Anonymous (Screen Shot 2013-04-07 at 5.01.22 PM.png 480x200 42kB)
>>32876783
True.
>>32876783
>>32876801
Guess it's time to drop some cash then.
3 hours later 32876881 Anonymous
>>32876779
Sounds like good business... aren't there plenty of people who like money, have money, and would like to see bitcoin die?
3 hours later 32876904 Anonymous
>>32876858
You are going to spend 1600 on a device that's only plus over a gpu is power efficiency. You are wasting your time.
3 hours later 32876957 Anonymous
>>32875725
>per month
You wouldn't get those returns for an entire month. A few days, maybe, and that's only if you're one of the first people to get a Mini Rig.
3 hours later 32876966 Anonymous
>>32876881
Yes; however, they would make a *huge* profit in the first few days (or hours, if it went fast) on their ASIC mining. They could accumulate a ridiculous amount of coins, then begin to sell them super cheap, forcing everyone else to do so. They could then buy up all the cheap coins, wait for the price to soar again, then sell. Rinse and repeat, pretty soon the BTC system would be in shreds.
4 hours later 32876976 Anonymous
>>32876881
as a matter of fact a run of asics costs like a 1mil... aren't there people in the bitcoin market with enough money and already proven logic done in fpga to just bet the farm on a massive room full of asics to do this in secret?
A few people could own almost all the bitcoins right now and they're just letting the value ramp up before they release their turnkey bitcoin asic product on the market.
4 hours later 32876987 Anonymous
>>32876858
I'm still thinking about trying one for research since we have hit a bottleneck in our code that does matrix inversion, but I think a GPU or two would be better applied to that task.
4 hours later 32877003 Anonymous
>>32876904
I agree, 858 was quick to find an education board but not a mining unit. heres a reference, 4 7950 with psu, mobo, ram and cpu is just around $21000 and would output ~2.4Ghash/s
fpga would have to beat the gpu reference by output and cost to be viable product.
4 hours later 32877034 Anonymous
>>32871650
OKPay
4 hours later 32877039 Anonymous
>>32877003
Which the original FPGAs did when we were still in the beginning of the 6XXX product cycle. Now that the 7 series here, there's no reason to operate an FPGA any longer.
4 hours later 32877045 Anonymous
>>32876976
You can almost bet that the same scene that encodes your movies and tv shows are the same scene that will be the first ones to get these.
4 hours later 32877062 Anonymous
>>32875910
>people seem to love mining though, even if they lose money
Who's losing money? Litecoin mining is nearly twice as profitable as Bitcoin mining at the moment. Before the last two difficulty changes, it was nearly five times as profitable.
4 hours later 32877069 Anonymous
>>32876976
hell that guy who sold the papa johns pizza could pull this off if he has talent available... his cash.. their brains.. rob everyone blind and split the winnings.
If it seems far fetched.... it's what history shows will happen.
4 hours later 32877118 Anonymous
>>32877045
Scene? Like piracy scene? Why would these guys be most likely to get a batch of custom asics cooked up, they might have the brains... maybe. They might have the money. But they don't have the connects... unless you mean the russian business network types. I can see the RBN working on this as we speak... maybe doing it even.
4 hours later 32877231 Anonymous
OH DAMN.. ok i got it.. so the russian business network who has TONS of money and tech know-how goes and has the custom asic built based on the fpga designs they've already proven.
BUYS 4 million worth of asics... runs them full blast for a few months "testing" and then has people bid on 1 million of them. Then while it appears there is competition on the asic market.. and the beta stabilizes.. they go ahead and releases their "backorder" of asics and shortly after cash out all their coins.
4 hours later 32877272 Anonymous
>>32877231
They could even short the coins when they dump their load
4 hours later 32877275 Anonymous
>>32877118
I don't know. It was the first "organization" I could imagine that focuses so much on doing shit fast and efficiently. It still baffles me that they can take an interlaced 1080i stream and live encode it to 720p to release 30 seconds after airing, and get it right 95% of the time. Why wouldn't they offset some of their resources to make big bucks and never worry about usenet fees or traceability ever again? Maybe they've already been doing it on gpu farms. I have no idea but it only seems logical.
4 hours later 32877283 Anonymous
>>32876904
>>32877003
$1600 is for the development board, the unit price is $277. A 2x K7 board could probably be produced and sold at around 900 per, and probably hit around 1GHash/s. Maybe. Don't have any good numbers on the K7 SHA256 speeds.
4 hours later 32877284 Anonymous
Is coinbase a safe place to buy and sell bitcoins?
4 hours later 32877296 Anonymous
how long does it usually take for funds to show up on mtgox through bitinstant?
4 hours later 32877442 Anonymous (litecoin.png 970x731 33kB)
>>32875910
>they will all grow at a slower rate than bitcoin, making them bad investments.
You should look at Litecoin price charts.
Price easily grows from 0.006 to 0.04.
6 months ago, Litecoin supply is abundant and it's easy to get a block.
4 hours later 32877565 Anonymous
>>32877275
See you're thinking about building a gpu farm.. that's a different skillset than making a custom asic. These guys need to understand logic and they need to have a business guy who knows how to go to a silicon fab and work the deal to get these things made.. then they have to make the custom hardware for them to sit in.
These aren't gpus or cpus these are custom chips made to task.. they're software written in physical space.
It'd be like building a cpu or a gpu.. not building a system with a bunch of cpus or gpus. But I didn't know that abotu the piracy groups, it's impressive
4 hours later 32877623 Anonymous
>>32877296
It took mine less than 2 hours
4 hours later 32877638 Anonymous (mining.png 1208x603 41kB)
This chart is based off the information that LTC are valued at 3.76USD. If/when they hit MtGox, what kind of bump do we expect to see? Ideas?
4 hours later 32877696 Anonymous
>>32877638
>power cost
>0.04 $/kWh
where the hell do you live?
4 hours later 32877719 Anonymous
>>32877638
PPCoin valued at 0.0004 on Bitparking / Vircurex a few days ago.
BTC-E accepts it, price changed to 0.0028
Yes, I still remember that I sold a bunch of coins at 0.0004.
4 hours later 32877803 Anonymous (Untitled.png 316x147 7kB)
4 hours later 32877811 Anonymous
>>32877696
Rhode Island
http://www.nationalgridus.com/narra gansett/home/rates/4_a16.asp
Distribution Charge 3.811¢/kWh
4 hours later 32877834 Anonymous
>>32877803
fuckballs
4 hours later 32877836 Anonymous
>>32877803
>not holding forever until BTC reaches $200.
4 hours later 32877853 Anonymous
>>32877811
damn. i pay almost five times that in europe
4 hours later 32877865 Anonymous (11531510252.png 232x64 3kB)
>>32877803
The price is spiking again.
4 hours later 32877874 Anonymous (Capture.png 321x114 5kB)
>>32877803
this train really never stops
4 hours later 32877879 Anonymous (Screenshot from 2013-04-07 17:48:45.png 310x186 14kB)
IDS HABBENIN :DDD
4 hours later 32877915 Anonymous
>>32877879
GodDAMN I want to short this thing so hard.
4 hours later 32877945 Anonymous
>>32877915
You don't, at least wait until this shit reaches its peak.
4 hours later 32877954 Anonymous
>>32877836
>not holding until 1 mBTC = 1 USD
4 hours later 32878061 Anonymous
>>32877954
>Fixating on arbitrary values
total pleb
4 hours later 32878062 Anonymous
>>32877879
fuck
>could have sold my ppc for 1.2 btc
>now its worth almost nothing
i hate myself
4 hours later 32878090 Anonymous (1342212633916.jpg 863x752 159kB)
4 hours later 32878101 Anonymous
I put $300 into BTC yesterday. I wonder if I should put in $1k, or even $2.5k.
4 hours later 32878143 Anonymous
can this be used to mine off a laptop usb port? http://www.ebay.ca/itm/Xilinx-Spart an-6-FPGA-LX9-MicroBoard-kit-AES-S6 MB-LX9-G-/121090545988?pt=LH_Defaul tDomain_0&hash=item1c318f1944
4 hours later 32878144 Anonymous
I remember when they still cost a dollar on MtGox
I feel so damn stupid
4 hours later 32878151 Anonymous
>>32878101
I am too much of a pussy. There is no reason for buttcoins to be so expensive. This doesn*t make a fucking sense.
4 hours later 32878180 Anonymous
>>32878143
>LX9
Yeah, but it's not going to be even close to worth it.
4 hours later 32878188 Anonymous
>>32878144
Hey but at least you got to buy MDMA safely and anonymously.
4 hours later 32878196 Anonymous
>>32878101
>I wonder if I should put in $1k, or even $2.5k.
See how much money you'll get by selling your BTC in a few days from now, profits.
If you regret your decision, you definitely should buy more
>>32878144
Litecoin costs $3 on BTC-E right now, oh wait...
>>32878151
Scarcity, do you realize that Bitcoin cuts its reward into half every 4 years ?
4 hours later 32878205 Anonymous
>>32878151
>This doesn*t make a fucking sense.
it does. it's the media hype. there's a bitcoin article on the fucking foxnews.com
4 hours later 32878230 Anonymous
>>32878143
You just click on the first thingie you saw, didn't you? That has fuck-all to do with mining.
5 hours later 32878237 Anonymous (meme1.jpg 288x175 7kB)
>>32878180
please elaborate.
5 hours later 32878249 Anonymous
Im a 30 year old virgin :( I cry every day. some bitcoins would make me very happy...
fuck i hate my life..
18b2TzvnsW18WvB8zmeYkRzbE9aeetoEcx
5 hours later 32878252 Anonymous
>>32878205
mfw my local news radio station had a feature on Buttcoins....
5 hours later 32878253 Anonymous
how the hell do i shift dollars from mtgox to btce? i want to arbitrage the fuck out of it.
5 hours later 32878268 Anonymous
>>32878253
bitinstant
5 hours later 32878272 Anonymous
>>32878196
but there's no reason to use litecoins over bitcoins their an even worse pump&dump scam than buttcoins
5 hours later 32878274 Anonymous
>>32878188
Never been high either
>>32878196
How do even buy them? All these trading companies let you use are the bullshit shady escrow services
5 hours later 32878285 Anonymous
>>32878101
I put in $5000
It's too stressful to put in more, $5000 is as much as I would be willing to lose without killing myself.
I could have made $10k right now if I had put in everything, but I could lose it all tomorrow if I don't hear about the crash fast enough.
Be careful out there guys. This is a dangerous game.
5 hours later 32878291 Anonymous
>>32878253
FAstest way is to moneygram via bitinstant via zipzap.
5 hours later 32878294 Anonymous
>>32878237
not the guy but you get ~3mh/s
5 hours later 32878307 Anonymous
>>32878249
you sound like a pussy
5 hours later 32878327 Anonymous
>>32878062
>now its worth almost nothing
In fact PPC is pretty much at an all time high with the exception of a spike for 2 hours when it was intro'd on BTC-e.
You didn't buy during the hype spike did you? Because you're not retarded, right?
5 hours later 32878343 Anonymous
>>32878285
Yeah definitely, I wouldn't put more in than I'm willing to lose. If I put in that 2.5k and lost it all, that's fine.
Anyone putting a significant amount of their savings in is dumb :3
5 hours later 32878348 Anonymous
by 10pm est i will have 5ltc...hashing at 1089Kh/s. im on my way faggots.
5 hours later 32878365 Anonymous
>>32878348
So you will have $20? Cool. Can you buy me a Papa John's Pizza?
5 hours later 32878367 Anonymous
>>32877296
So far I'm at 6 days being in contact with support on the bitcointalk customer support thread without getting a single email off the site. Real turn off even though I'm pretty interested in bitcoin.
1GaT8AewnycN4z4hVqft3rTDS1vrBYY34
5 hours later 32878371 Anonymous
>>32878274
Paypal is reversible, Bitcoin is not.
Do the math.
Complain to Paypal :
Hurr durr, seller never give me the damn item that I order for $1600 (You got 100 BTC bonus + $1600 back)
Do it 300000 times and you're fucking rich.
5 hours later 32878380 Anonymous
>>32878348
Godpeed you!
5 hours later 32878419 Anonymous
>>32878348
what are you mining on?
5 hours later 32878451 Anonymous
>>32878419
Probably with over $1000 worth of video cards.
5 hours later 32878482 Anonymous
I mine [spoiler]USD[/spoiler] by having a [spoiler]job[/spoiler].
5 hours later 32878496 Anonymous
>>32878272
Same reason years ago with buttcoins.
Pump & dump madness, bitcoin is so easy to mine, we're lucky it's even valued at $1, you should sell all your stash at $1, it might drop to $0.0001 as soon as early adopter dump their shit.
Hell, one guy even buy a pizza with 10,000 BTC when bitcoin was nearly worthless.
5 hours later 32878539 Anonymous
>>32878371
PayPal openly stated that they want nothing to do with the cryptocurrency fad
5 hours later 32878564 Anonymous (IMG_20130405_234220.jpg 2448x3264 1589kB)
>>32878419
its not 1k work of gpus. pic related.
i plan on replacing the 5770 with a 5870 this week.
5 hours later 32878585 Anonymous
>>32878482
>buy buttcoin/lardcoin mining rig
>set up wallet
>mine while at work
>double income with zero extra effort
5 hours later 32878610 Anonymous
>>32878496
Bought at $2 because I wanted some weed.
than I have some extra, held on to them and exchanged them at $4.
thought I made out lol.
5 hours later 32878659 Anonymous
I usually make like $50 (~.4btc) a day with my 6ghash, but I've been screwing with LTC/PPC/TRC the last 4 days. I made 1.1BTC on average those last couple days. Can't beat that.
5 hours later 32878661 Anonymous
>>32878539
of course they don't. bitcoin will destroy paypal's business model.
5 hours later 32878667 Anonymous
>>32878327
so is it worth it to buy ppcoins and how do i mine them
5 hours later 32878707 Anonymous
We 170 now.
5 hours later 32878708 Anonymous
Litecoin hardware comparison chart states that a 5970 can generate ~700kH/s. Can anyone verify this? I find it odd that a 2 generation old card is making more than a current gen 7970.
Is there something special with these 5 series cards, should I trade someone my 6970's for 5970's?
5 hours later 32878725 Anonymous
>>32878564
casual
5 hours later 32878743 Anonymous
>>32878708
6970 gets 500KH/s so it sounds about right
5 hours later 32878748 Anonymous
>>32878708
Again, it's about the architecture and not everyone reports their fine tuning settings to the litecoin forums (why would they? you'd be sacrificing your edge). If you buy a 7xxx card at least you get support for another 2 generations.
5 hours later 32878751 Anonymous
>>32878667
>asking someone on 4chan (that includes me) for financial advice
>asking questions easily answered by google
The only reason I would help you is because stupid people like you in the market makes it easier to make money on this whole thing
5 hours later 32878753 Anonymous
>>32878708
5970 has 2 GPUs in it.
5 hours later 32878779 Anonymous (Screenshot from 2013-04-07 18:27:15.png 347x230 13kB)
>tfw you might actually be able to pay off student loans before you're 50
5 hours later 32878786 Anonymous
>>32878667
Buy a few thousand PPC based on your financial situation, and don't sell at all.
Never listen to the trollbox on BTC-E or /g/.
5 hours later 32878799 Anonymous
>>32878496
so when litecoins get up to lets say ~10 everyone is going to drop there 50K+ stash and crash the market also when will thisa happen to bitcoin ive been waiting for this shit to crash since $45
captcha: realism influences
5 hours later 32878853 Anonymous (Untitled.png 316x185 9kB)
this is madness!
5 hours later 32878854 Anonymous
>>32878779
I've been mining for 3 years and I am $440 away from paying off my loans. I will always be grateful to BTC if for nothing more than this.
5 hours later 32878862 Anonymous
>>32878786
>Never listen to the trollbox on BTC-E or /g/.
>or /g/
Except me of course because I'm obviously so much fucking smarter and informed than the rest
5 hours later 32878874 Anonymous
>>32878854
That's awesome. Congrats, anon.
5 hours later 32878889 Anonymous
Fuck nigger I really wanted to put in an order for more coins before this was picked up on fox news..... stupid bank won't do wire transfer on saturday.
Now it's too late
DICKD DICKS DICKS
5 hours later 32878905 Anonymous
>>32878874
Thank you. My quality of life has improved by an incredible amount as a result of this - I feel free
5 hours later 32878954 Anonymous
>>32878799
When that crash happens, there will be a lull and recovery--just like there was with the bitcoin crash. The solution? Just fucking hold onto them. This is investing, not speculating. Learn the difference.
5 hours later 32878957 Anonymous
>>32878799
When Litecoin is at $10, MtGox may just as well instantly adopt it.
BTC-E volume is just too fucking small, and well, Rusian shit.
Once Litecoin moved to MtGox, it'll be harder to crash.
>when will thisa happen to bitcoin ive been waiting for this shit to crash since $45
600 avalons will ready to be shipped on 15th May 2013, which means difficulty will skyrocket again.
High difficulty can be tied to more price stability, because the less people get from mining, the less they'll dump.
5 hours later 32878992 Anonymous
>>32878367
It's actually instant. I'v used their service 10+ times. And just did another 500 20mins ago.
No funds received. They have these problems every now and then.. Usually resolved in 24hours
5 hours later 32879060 Anonymous
OK SO WHERE DO YOU BUY BITCOINS
I DONT WHAT ONE OF THOSE GAY WEBSITES THAT REQUIRE A HUMAN BLOOD SAMPLE, SOCIAL SECURITY, OR CASH ONLY PAYMENT.
5 hours later 32879074 Anonymous
>>32878957
>because the less people get from mining, the less they'll dump.
Returns to mining is constant, that is the whole point of difficulty adjustments.
/g/ in charge of knowing shit about something they throw their money at. But hey I'm not complaining, you're the reason I make money
5 hours later 32879077 Anonymous
>>32878992
>buying at all time highs
5 hours later 32879141 Anonymous
>>32879074
This anon speaks the truth. As price rices, so does difficulty. So you may only get half as many coins, but those coins will be worth twice as much.
>inb4 faggots don't understand supply and demand/economics in general
5 hours later 32879218 Anonymous
>>32879141
No, you're also wrong but you make yourself out to be someone who "understands economics in general". The amount of coins received is constant. Price never enters the equation.
Another reason why moot is right about not making a finance board
5 hours later 32879242 Anonymous
Holy shit they were serious about the pump to $180 today.
All these fucking $30,000 orders are happening like every 5 minutes.
>>32879060
BitInstant + Cash Deposit option.
5 hours later 32879282 Anonymous
>know bitcoin will go over $200 100%
>still too much of a pussy to invest
kill me
5 hours later 32879286 Anonymous
Should I set up a sell order @ $100 so if it crashes when I'm sleeping I get out?
5 hours later 32879299 Anonymous
>>32879077
>implying the next week wont bring new all-time-high
>implying I didn't buy when they were under $30
5 hours later 32879330 Anonymous
Simple Investing Strategy
This outperforms most hedge funds and was endorsed by the Economist in dec '12. LOW FEES are important.
60% in S&P 500 index
40% in Sovereign Bonds or World Government Bonds
5 hours later 32879335 Anonymous
>>32879282
no, you don't know that. That's why the minority of your brain that is sensible is "a pussy"
5 hours later 32879359 Anonymous
>>32879286
I don't think you can do that.
It will just sell immediately.
5 hours later 32879418 Anonymous
>>32878343
if you dumped all your money into bitcoin semi-early like this guy (founder of the swedish pirate party)
http://falkvinge.net/2011/05/29/why -im-putting-all-my-savings-into-bit coin/
it didn't turn out so bad, even though it was pretty stupid.
5 hours later 32879427 Anonymous
>>32879286
Sell orders will get matched to buy orders according to users, not market value. If you set up that sell order, someone will see it and just buy your coins dirt cheap.
5 hours later 32879438 Anonymous
>>32879359
that's not how orders work retard
5 hours later 32879460 Anonymous
>>32879427
Is there a way to do what I want to do? Sell automatically if market price is <= $X
5 hours later 32879474 Anonymous
>>32878854
Maybe you should be grateful to /g/ for introducing you to them
5 hours later 32879493 Anonymous
>>32879242
>they
?
5 hours later 32879513 Anonymous
>>32879474
/g/ didn't introduce me to them, I learned about them elsewhere. I started discussions about them on /g/ and immediately got either banned for "shilling" or told it was useless.
Oh well to you guys.
5 hours later 32879528 Anonymous
>>32879460
Yeah... write a program to do it for you
5 hours later 32879533 Anonymous
>>32879460
Nothing short of a bot can do that. Or never sleeping. Maybe someone could code something for it, but trusting someone with your login info and wallet address for any finances website seems shady.
5 hours later 32879537 Anonymous
Where the hell is mtgox wallet at.
5 hours later 32879554 Anonymous (ltc.png 858x576 29kB)
>>32879282
Buy only 1 buttcoin if you're that scared and sell it immediately when it's $200.
Instant $30 and you'll learn to control your fear.
>>32879074
>But hey I'm not complaining, you're the reason I make money
k
6 hours later 32879618 Anonymous
>>32879330
Except if you owned an AMD GPU the optionality cost of mining was pretty much ZERO.
If you mined for two weeks, and sold 2/3 your coins, you'd be profitable and fed back in to electricity costs for the next month.
There was NEAR ZERO RISK. The cost of running a 5850 for one month is $25. Every single fucking month you'd be profitable selling 2/3 your bitcoins except Jan 2012. EVERY. SINGLE. MONTH. PROFITABLE. Anyone who told you costs were too high is disinfo (hint: mining is still profitable on AMD cards nearly everywhere in US).
It's like someone gave you a thousand lotto scratchers for free (and they told you scratching those would pay you more than your time is worth) and you said, "hurr lotto is for dumb people, why would I take your scratchers." Free optionality costs are VERY hard to find in this world, some of you were given a fucking golden platter with your AMD 5970s and you didn't take it.
6 hours later 32879619 Anonymous
>>32879533
it's easy.. just use fiddler to figure out what it sends to the website and wrap functions around it
6 hours later 32879656 Anonymous
>>32879533
actually I'm gonna start writing this and selling it for .5btc I'll let you guys know when it's done
6 hours later 32879681 Anonymous
>>32879656
>>32879533
https://en.bitcoin.it/wiki/MtGox/AP I
6 hours later 32879693 Anonymous
>>32879656
>>32879533
https://www.google.com/search?q=mtg ox+bot+site:github.com
6 hours later 32879747 Anonymous
ugh been waiting for like 4 hours for bitinstant to transfer into gox mountain......
6 hours later 32879829 Anonymous
>>32879693
That bot just checks prices... there are other people selling bots though.. with the mtgox api it's trivially easy to write one that does it for you
6 hours later 32879836 Anonymous
My CVS -> MoneyGram -> ZipZap -> Bitinstant -> MtGox transfer was pretty much instant.
The cashier asked me who ZipZap was and I sphaghettied.
6 hours later 32879845 Anonymous
hey guies? im trying to mine ppc on my 1090t. it says 3.5Mh/s but coinotron says 0. y /g/?
host: coinotron.com port:8322
6 hours later 32879877 Anonymous
>>32879829
This one does automatic trades.
https://github.com/1360/mtgox-php-t radebot
6 hours later 32879913 Anonymous
>>32879836
wudya say?
6 hours later 32879917 Anonymous
>>32879836
did the exact same thing, but wtf it's taking forever, maybe cuz sunday?
6 hours later 32879922 Anonymous
>>32879877
>php
jesus christ
6 hours later 32879924 Anonymous
>>32879913
bix nood mahfugga
6 hours later 32879931 Anonymous
>>32879836
if you're ever in a situation like that next time just say it's to pay a bill
6 hours later 32879947 Anonymous
>>32879922
YFW mtgox is also written in php.
YFW mtgox trade matching engine is single threaded
6 hours later 32879978 Anonymous
>>32879913
"It's an intermediary, they just send my money to other people"
6 hours later 32879979 Anonymous
>>32879922
also, vircurex is written in rails, which is MUCH better
however.... vircurex's data is all stored in floating points. you can tell because sometimes the bid and ask are exactly the same. 100000000x worse than running on php.
6 hours later 32880000 Anonymous
>>32879845
>no capital letters
>no apostrophe
>full stop instead of a comma
>guies
>y
6 hours later 32880005 Anonymous
>>32879979
why the FUCK would you store financial data in floats?
6 hours later 32880048 Anonymous
>>32879979
>>32880005
what's wrong with floats?
6 hours later 32880071 Anonymous
>>32879978
lel she probably thinks you're an online poker addict now. Never go there again until you get your porshe.
6 hours later 32880079 Anonymous
>>32880005
haha yeah, i was watching vircurex one day with their altcoins, and was like WTF WTF WTF BID AND ASKS MATCH ALL THE TIME NONONONO.
>>32880048
rule #1 of financial programming: never use floats. When you add or multiply or whatever things break and become imprecise. Simple things like == break, because insignificant digits don't equal (even though they display equally).
3.237 0.455