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2013-04-08 08:18 32884623 Anonymous (Selection_026.png 320x111 8kB)
Well, fuck. How high will it go /g/?
I don't think it will ever crash.
I had money wired to Mt.Gox when it was $90. Those bumbling fools fucked everything up. I still do not have my money deposited properly at Mt.gox. These fuckers cost me almost 200% profit. DO NOT HAVE YOUR MONEY WIRED TO Mt.Gox. They are idiots.
http://bitcoinity.org/markets
2 min later 32884655 Anonymous
$173 for a bitcoin? Wow, that's crazy.
Still, I don't think I'd put my own money into a currency whose main use is illegal transactions over the internet.
4 min later 32884673 Anonymous
>>32884655
>Still, I don't think I'd put my own money into a currency whose main use is speculation and gambling against a RNG.
Fixed
5 min later 32884692 Anonymous
IT'S THE RIDE THAT NEVER ENDS!
7 min later 32884711 Anonymous
the other thread was better
9 min later 32884736 Anonymous (chart.png 940x348 9kB)
>>32884623
>I don't think it will ever crash.
How much common sense does it take.
>constant pump and dump
>bubble bursts, market lowers to actual value
>new bubble starts
Rinse repeat.
Nobody cares about the value of cryptocurrency.
The people that hold the coins care about dumping them for free money.
11 min later 32884775 Anonymous
https://data.mtgox.com/api/2/LTCUSD /money/ticker
MtGox going to be trading LTC soon, it's been updated in their ticker API. Time to jump ship to LTC!
14 min later 32884828 Anonymous
>>32884775
I bet that is when the price of bitcoins drops a fair amount. I'm trying to get my money into litecoins ASAP to get in on this boom.
14 min later 32884830 Anonymous
PUBLIC SERVICE ANNOUNCEMENT: A REMINDER FROM #MTGOX@FREENODE
03:52 <@MagicalTux> [12:42:31] <stamit> MagicalTux, neofutur: do you really have 14K people waiting to be verified? <- yes :(
03:52 <@MagicalTux> more like 15k
15 min later 32884851 Anonymous
>>32884736
Libertarians and boom/busters care.
People obviously care.
16 min later 32884855 Anonymous
>>32884830
that's a shitload of people lined up to buy
fuck, will this bubble never pop?
16 min later 32884857 Anonymous
>>32884673
either way, it's an idiotic idea.
16 min later 32884866 Anonymous
>>32884830
Man then price of bitcoins is going to skyrocket when these people get verified. The ride isn't over yet.
17 min later 32884881 Anonymous
>>32884855
reminder that they seem to be getting more verification requests than they are completing, earlier in the chat (all times UTC)
02:51 <@MagicalTux> [11:46:44] <neofutur> MagicalTux: you said the aml staff can now verify 2000 acounts / day nop ? <- we get more new users than that unfortunately
02:51 <@MagicalTux> so we're hiring as fast as we can
20 min later 32884934 Anonymous
fuck fuck fuck fuck. I donated 0.34 bitcoins to a website back in the beginning of February. I could have bought another 7 grams of mushrooms if I kept that shit. Or if I had just kept the ~9 bitcoins which I paid ~160 for, I could have bought fucking loads of mushrooms with that now.
22 min later 32884953 Anonymous
>>32884623
I had it within 36 hours.
24 min later 32885000 Anonymous
>>32884953
Did you get your money bank wire transfered from the USA?
It's been like two weeks for me. I fucking hate the staff at Mt.Gox.
You can tell they can't speak english well either.
26 min later 32885032 Anonymous
>>32885000
you spent many hours watch chinese cartoons, why don't you just speak weeaboo to them?
26 min later 32885035 Anonymous
>>32884866
>Man then price of bitcoins is going to skyrocket when these people get verified. The ride isn't over yet.
Ha. Haha.
29 min later 32885074 Anonymous
>>32885032
Oddly enough, I haven't watched an anime in maybe over a month. I could use google translate, but the message would probably end up saying something about how I love fucking dogs.
The ISPs started doing that anti-torrent six strikes rule so I pretty much stopped torrenting everything.
29 min later 32885085 Anonymous (merchant.png 501x648 70kB)
yes goy buy up those bitcoins lots of profit to be had when they reach more record highs hehehe
disregard us, we totally don't have thousands from when bitcoin was just beginning
we totally won't dump them when we feel like it and crash the market entirely
just buy more, think less
30 min later 32885086 Anonymous (zkJ3i.jpg 426x318 55kB)
>over 9000 comments in stickies alone
>still not realizing this shit is gonna burst
30 min later 32885093 Anonymous
>>32885035
I'm fairly certain no amount of time can pass that will convince you of bitcoins not being a bubble. By then it will be too late for you to make any money.
30 min later 32885098 Anonymous
>implying using money to gamble
The point of money isn't to buy and sell it to make a profit, the point is to use it as a currency in order to barter for other goods. This isn't happening with bitcoins, at the moment people are just investing in a future economy. When buyers realize this, their sentiment will drop and bitcoins will "crash," but then remain at a steady level.
30 min later 32885099 Anonymous
>>32885086
what stickies? link
33 min later 32885126 Anonymous
>>32885085
Actually, no.
http://www.mail-archive.com/cryptog raphy@metzdowd.com/msg10142.html
That's about a WEEK from the genesis block. That's less than 50,000 bitcoins.
34 min later 32885147 Anonymous
>>32884934
Don't worry, I had 3 btc and put them to cash at $25 and I could of had about 300 or 400 now. I'm just waiting for the huge crash.
34 min later 32885148 Anonymous
>>32884623
http://www.economist. com /blogs/babbage/2011/10/virtual-curr encies
Sure man sure
36 min later 32885181 Anonymous
>>32884623
That's pretty fucked up.
Well, there are people that accept paypal on #bitcoin-otc on freenode
Money transfer can take a 1-2 week.
37 min later 32885187 Anonymous
>>32885148
Well, I read the first paragraph. Too tired to read the rest. Interesting paragraph.
37 min later 32885197 Anonymous
>>32885126
>"only" 50000
38 min later 32885199 Anonymous
>>32885148
Most "economists" want it to crash, because it's not controlled and regulated by any bank. They're scared of it, because it's out of control. Pretty much all economists and sociologists deny the oncoming technocracy,
38 min later 32885201 Anonymous
>>32885181
Thanks for getting the info out there.
How much money can you send to paypal at a time?
38 min later 32885206 Anonymous
>>32885197
what percentage of Mcirosoft did bill gates own?
what percentage of Google did Larry and Sergey own?
fuck you.
39 min later 32885215 Anonymous
>>32885199
Most economists are Keynesian, meaning they don't know their heads from their asses.
I highly doubt the economist is any different.
39 min later 32885217 Anonymous
>>32885199
uhh the economists i know are excited as fuck.
41 min later 32885247 Mosin Nagant
>>32885148
>http://www.economist. com /blogs/babbage/2011/10/virtual-curr encies
Thank you for your article from 2011, it really and truly highlights how much Economists know about the future
42 min later 32885252 Anonymous
>>32885201
See the orderbook :
http://bitcoin-otc.com/vieworderboo k.php
Channel :
#bitcoin-otc @ freenode.net
42 min later 32885260 Anonymous (beastcoin.gif 666x666 199kB)
43 min later 32885272 Anonymous
>>32885217
Who? I am being honest. I really want to know what first world economists think about how all of this will this turn out for the first world when china holds the key to processing power.
It's kind of scary knowing the same country that tries to ssh into my server every five seconds could very well dictate this impending standard of currency.
44 min later 32885291 Mosin Nagant
>>32885272
People would cash out.
The end
45 min later 32885307 Anonymous
>>32885272
If the China dominates Bitcoin, nobody in the US will accept it.
46 min later 32885326 Anonymous
>Well, fuck. How high will it go /g/?
>I don't think it will ever crash.
This kind of thinking is the essence of bubbles.
47 min later 32885347 Anonymous
>>32885307
>implying satoshi nakamoto isn't a team of crypto spooks at the NSA
>implying the US government doesn't own a large percentage of hashing power to use as a funding source and insurance
china? top lel
47 min later 32885349 Anonymous
>>32885326
with 15,000 accounts pending verification to purchase, there is a ways to go left. until it exhausts the amount in the queue, i'd expect the price to go up.
49 min later 32885364 Anonymous
>Literally a hundred dollars over what USED to be the crazy market high
This shit is too fun
Hold me brothers
I'm bracing for the lifestyle I dreamed of watching movies when this goes $1k
49 min later 32885369 Anonymous
Clearly, I cashed out too early. Oh well, Still netted $3000.
50 min later 32885373 Anonymous
my wallet just surpassed 10k€ in value. wallet that i invested 2k in.
50 min later 32885390 Anonymous
>>32885373
you need to start to consider securing that as if you had a mountain of cash by your windowsill right now
53 min later 32885420 Anonymous
>>32885390
20 char. password
crypted backups if wallet.dat everywhere
moved my money out of blockchain.info long time ago
54 min later 32885446 Anonymous
>>32885420
if you want even more security, consider only decrypting your wallet.dat file in a bootable linux USB drive, but that might be a little too much work/paranoia.
56 min later 32885458 Anonymous
>>32885326
Bitcoin is inherently deflationary. This is a new beast altogether. It isn't like stocks. I think bit-coin will go up to be so high as to max out the smallest numerical values, and then people might decide fuck it and move onto a better designed digital currency.
57 min later 32885475 Anonymous
>>32885458
you can add more decimal points to bitcoin in the future, it's pretty easy to do as long as everyone agrees.
58 min later 32885485 Anonymous
>>32885458
kwek kwek kwek
58 min later 32885488 Anonymous
>>32885369
That's the nature of speculating on currencies. You never know when a marketplace chooses to correct its value.
1 hours later 32885523 Anonymous
>>32885488
Actually, you have a pretty certain guess. Consider when Iraq's currency gets reevaluated. Real traders have been investing in their dollar since the start of OIF.
1 hours later 32885536 Anonymous
>>32885458
>Bitcoin is inherently deflationary
You mean so a central bank can't just make more money and pretend it's richer than it is? Oh the horrors.
If bitcoins are deflationary, gold based currency is inherently deflationary too, since only so much of it exists in the soil and bits of it would go missing all the time. It still worked for many thousands of years. Things only went ass up when people started to move from gold to imaginary money in paper form during the 20th century.
1 hours later 32885547 Anonymous
>>32885446
People have lost coins by incorrectly using secured wallets, so don't fuck around too much if you won't take the time to learn and practice and understand what happens when you make transactions offline.
1 hours later 32885555 Anonymous
>>32885523
.... that's not how rebasing works.
the reason people are interested in iraqi bonds and whatnot are because the spreads are good and it's a proxy for buying oil.
1 hours later 32885556 Anonymous
>>32885547
explain please
1 hours later 32885573 Anonymous
>>32885458
>Bitcoin is inherently deflationary
It is still the case that if the trust goes all you have is a load of that bits no one thinks is more valuable than white noise.
1 hours later 32885587 Anonymous
>>32885556
not that guy, but for example, if you forget to properly close out bitcoin-qt before backing up your coin, things can go weird.
if you make more than ~100 transactions or whatever that's in your wallet buffer, and don't back it up, you've generated new address/keys and those won't be accounted for in your original backup.
1 hours later 32885616 Anonymous
>>32885556
Also things like "change address" if you use paper wallets of the private/public key type.
1 hours later 32885619 Anonymous
>>32885536
The deflationary aspect of gold is only limited to mining power; who'd've thought!
Honestly, we're not even sure what lies beyond the earth's mantel. There could very well be enough (actual) gold there to back a whole new currency.
>>32885547
This guy gets it. If you store on a bootable usb drive (that hasn't been used for read/write testing, of course) then your shit is more secure than a salted hash stored on the same machine used to communicate with the internet, regardless of OS, let alone storing it in banks only accessible via SSL.
1 hours later 32885624 Anonymous
>>32885475
Interesting. I think the currency will undergo extreme hyper inflation as people lose their bitcoins when they die or by some other accident.
Ending mining of bitcoins is a stupid idea, IMO.
1 hours later 32885625 Anonymous
>>32885587
so if I don't make more than 100 transactions all of my addresses will stay the same?
1 hours later 32885651 Anonymous
>>32885536
>Things only went ass up when people started to move from gold to imaginary money in paper form during the 20th century.
You might want to compare inflation under the gold standard and modern currencies before spouting nonsense.
1 hours later 32885656 Anonymous
>>32885625
that is correct, the remaindeers get sent to new addreses, but your wallet.dat file has a buffer of around 100, i'd make a backup at least every 20 transfers out. (transfers in don't really matter)
if you're very concerned about that, you could use Electrum, where the addresses are deterministically generated from a single 12 word passphrase
but realistically most people don't need to worry about it.
1 hours later 32885673 Anonymous
>>32885656
only coins out go toward the 100 buffer or whatever? I can do as many as I want in?
1 hours later 32885693 Anonymous (1341685292575.png 422x397 433kB)
>>32884851
1 hours later 32885695 Anonymous
>>32885673
as many in as you like. only the ones out send the remainders to a new address.
1 hours later 32885703 Anonymous
>>32885695
Okay, thanks.
1 hours later 32885715 Anonymous
>>32885536
>2013
>gold based currency
wat. your dollars are worthless. it's based on trust that the US government will pay all the debts it's based on.
1 hours later 32885722 Anonymous
>>32885703
np.
also this problem won't be as big as a problem in the future because bitcoin-qt is going to support (but afaik not require) deterministc keys:
https://en.bitcoin.it/wiki/BIP_0032
1 hours later 32885724 Anonymous
>>32885555
Nice quads. How badly will the tranny cheaters of huehue.br fuck up the world cup, let alone the Olympics?
1 hours later 32885741 Anonymous
>>32884623
>implying Mt.gox isn't the one doing the pumping and dumping
They're going cash out here soon, and then you'll be left with a bunch of worthless cryptocurrency. Mark my words.
1 hours later 32885758 Anonymous
Any way of sending my asscoins from BTC-E to mtgox?
1 hours later 32885774 Anonymous
>>32885758
withdraw in bitcoins to your mtgox bitcoin deposit address
1 hours later 32885797 Anonymous
$178. Are you guys ready?
1 hours later 32885806 Anonymous
>>32885741
MTG has a huge history of backed transactions of trading magic the gathering trading cards. I'd doubt they'd risk a federal fraud investigation worthy of 10x's the shit storm of Al Capone to just bank and quit. They're accredited. It is bullshit that a single entity dictating like 80% of an anonymous currency exists, though. It's really the bots dictating the price.
1 hours later 32885811 Anonymous
>>32885774
This is also a good way to sell litecoins.
Send litecoins to btc-e address, trade for BTC, send BTC to mtgox, sell BTC on mtgox or keep them.
Also, hold onto or sell litecoins for bitcoins?
1 hours later 32885833 Anonymous
>>32885806
They control around 55% I think. There was a post on the stats.
1 hours later 32885836 Anonymous
>>32885806
Well SOMETHING shady is going on here at any rate. This is going way beyond your usual pump and dump. This is something else entirely.
1 hours later 32885870 Anonymous
Who of us will be rich after this? I am happy for all of us. I speak for the general humor of /g/ I think when I say that it has been an honor watching many of you become wealthy overnight.
For those of you that remember the dot com bubble though, be wary. I personally have been pulling in around $100/day for the last week, and am now considering hoarding a bit. Who knows what is going to happen? It's honestly looking like we may hit $200 today.
1 hours later 32885871 Anonymous
>>32885850
go to the deposit page in mtgox, there's a dropdown for bitcoin, put in that address on the withdrawal page in btc-e (click withdraw bitcoins, scroll to bottom)
1 hours later 32885878 Anonymous
>>32885836
Yes, people are realizing that BTC is the best currency ever and everybody is shoveling their worthless US dollars to get a little taste of a mBTC.
1 hours later 32885893 Anonymous
>>32885870
I didn't have much to invest, but so far I've doubled my inital investment.
1 hours later 32885908 Anonymous
>>32885871
Thank you.
1 hours later 32885914 Anonymous
>>32885871
also as a reminder, it takes over 6 confirmations to deposit onto mtgox. just put in your deposit address on blockchain.info to check the status, you want at least 6-7 confirmations, which will be around 1 hour on average.
1 hours later 32885920 Anonymous (Screen Shot 2013-04-08 at 12.41.31 AM.png 680x272 25kB)
Bitcoin is going to hit $200 and there is nothing you can do to stop it.
1 hours later 32885924 Anonymous
>>32885836
It's just an expression of people's lack of faith in governments and international banks.
1 hours later 32885931 Anonymous
>>32885920
THAT UNENDING FEELING OF REGRET FOR NOT INVESTING
1 hours later 32885933 joker
Why don't corporations such as google buy 1 million anal coins,and use bot's to jack up the price to 1 million dollars each?
1 hours later 32885935 Anonymous
>>32885914
Yeah this sometimes scares people.
1 hours later 32885940 Anonymous
>>32885920
reminder that going from $100-200 is doubling
reminder that going from $200 to 400 is also doubling.
1 hours later 32885966 Anonymous
reminder that this mathematical property is commonly referred to as "Benford's Law"
https://en.wikipedia.org/wiki/Benfo rd%27s_law
1 hours later 32885967 Anonymous
Well, what can I say except: "IDS HABEDING!"
1 hours later 32885969 Anonymous
>>32885920
ITS GONNA POP I CAN TELL FROM THE CHARTS AND SEEING QUITE A FEW IN MY TIME!
1 hours later 32885976 Anonymous (wwf.jpg 168x226 12kB)
>>32885940
>reminder that going from 1mil to 2mil is also doubling
holy shit did i just solve world hunger
1 hours later 32885984 Anonymous
>>32885969
>>>/ribbit/
1 hours later 32885992 Anonymous
daily reminder that 1+1=double
1 hours later 32886009 Anonymous
>>32885984
>>>/reddit/
1 hours later 32886011 Anonymous
FIFTEEN THOUSAND ACCOUNTS ARE PENDING VERIFICATION
LITECOINS WILL SOON BE ACCEPTED ON MT. GOX
IT IS JUST BEGINNING FRIENDS
1 hours later 32886025 Anonymous
>>32886011
Buy litecoins?
1 hours later 32886029 Anonymous (bitcoin200.png 984x325 48kB)
reminder that nobody's thinking about selling above $200/coin
1 hours later 32886052 Anonymous (93487563897569.jpg 475x475 22kB)
>mfw the bubble bursts and magically everyone on /g/ sold at exactly the right time and nobody admits to loosing money
1 hours later 32886066 Anonymous
>>32886029
They'll come. Still a ways to go to $200.
1 hours later 32886072 joker
What's stopping google from buying 1 million anal coins,and pumping up the value to 1 million dollars each?
1 hours later 32886074 Anonymous
>>32886025
I dunno about buy, but I personally am mining ~20/day and am sitting on them until gox starts selling them. I have a feeling they'll spike to about $10/each (if they don't get pumped that high beforehand).
Can you imagine if they got pumped to BTC levels? Jesus christ.
1 hours later 32886088 Anonymous
I feel like such a cock.
I remember when it was new and someone on /g/ told me not to bother mining because its a scam.
Fuck you /g/.
1 hours later 32886094 Anonymous
>>32886088
toplel that was me
1 hours later 32886103 Anonymous
>>32886074
20 per day? wtf are you mining with?
1 hours later 32886109 Anonymous
>>32886088
reminder that if you already owned an AMD card, it was profitable EVERY SINGLE MONTH (except Dec 2013 with a 20% loss of electricity costs). You were only risking the first month of power:
http://blockchain.info/charts/miner s-operating-profit-margin
someone lied to you to keep you from mining and raising the difficulty
1 hours later 32886110 Anonymous
>>32886072
Why should there be something to stop them?
1 hours later 32886113 Anonymous
>>32886072
prohibitive cost.
I don't thing google has a trillion dollars anyway.
1 hours later 32886122 Anonymous
>>32886109
dec 2012
1 hours later 32886123 Anonymous (130004477986.jpg 250x250 13kB)
>>32886109
>Dec 2013
1 hours later 32886128 Anonymous
>>32886103
12 6950
4 7770
4 6770
2 6870
2 7970
2 AMD FX CPUs
1 hours later 32886129 joker
>>32886113
Buy 200 million dollars worth of coins, pump it to 1 trillion dollars.
1 hours later 32886131 Anonymous
>>32886128
Holy jesus.
What pool are you using?
1 hours later 32886138 Anonymous
>>32886123
sorry I meant dec 2012.
also reminder that anyone who claims mining with an AMD card that you already own today is unprofitable is a fucking liar. in USD terms it has never been this profitable since 2011
1 hours later 32886139 Anonymous
>>32886131
Coinotron but I've been thinking about just starting my own small pool for myself.
1 hours later 32886143 Anonymous
>>32884830
Fuck man, I could have sworn I did this verifying thing last year...
1 hours later 32886145 Anonymous
>>32886131
Also what are you 6870 hashrates? I've been mining with 1 getting around 1 coin per day.
1 hours later 32886147 Anonymous (bots.png 1662x790 126kB)
more like bots battling each other.
Did you see what I see ?
If someone or bot sells at $17x, other bots immediately buying it.
rinse & repeat
....
...
..
.
$200
1 hours later 32886150 Anonymous
If only I knew how to mine litecoins.
1 hours later 32886153 Anonymous
>>32886143
if it was in 2011, mtgox didn't require small withdrawals/deposits to dwolla, but dwolla sometimes did.
if you want to withdraw in the US, use coinbase, they're really hard up for bitcoins. they only charge 1%, but if you have a lot i hear people can email them for a discount (dunno if this is true or not)
1 hours later 32886157 Anonymous
>>32886128
>bought 20+ cards to mine
You could've invested your money in a impoverished black community, anon. You're definitely libertarian, so you'll old on them til you're sixty. Would have been a better benefit to provide kids with schooling, m8.
1 hours later 32886163 Anonymous
I wish it would crash already, It's like watching a slow motion train wreck at 100000x speed.
I'm sitting on 3 BTC and I've got a HUGE urge to sell and I don't want to sell just yet..
1 hours later 32886168 Anonymous (always do opposite of what g says.jpg 403x378 20kB)
>>32886088
I know that feel bro
Didn't bother backing up around 100 BTC back in the day because I thought it'd go nowhere, that's what people were saying
Despite the fact that very smart libertarian aquaintences I knew IRL were all about the shit
Hindsight is a bitch
1 hours later 32886179 Anonymous
>>32886163
They're going to be $1,000,000 in a few years, some guy on bloomberg said so. He's a jew so he will probably be right.
1 hours later 32886185 Anonymous
>>32886145
They're mining litecoins currently; around 350khash each. I know I can push them further but I like stability
>>32886157
I bought them 3 years ago (minus the 7 series, I traded my 5830s for those) in that funky week in March 2011 when a GPU could pay itself off in 2.5 days. They have been mining since. I sell whatever I earned at the end of each day.
1 hours later 32886187 Anonymous
>>32886163
Wait until $200, bam $600.
1 hours later 32886189 Anonymous
>>32886150
I started today. It's pretty easy.
1 hours later 32886194 Anonymous
>>32886185
What are your settings for them? Are you using cgminer?
1 hours later 32886210 Anonymous
>>32886185
man it was impossible to get GPUs then, do you live in a rural area? All online and retail were completely cleaned out.
1 hours later 32886215 Anonymous
>>32886187
I'M SO FUCKING TEMPTED.
>>32886179
This guy also makes a good yet wacky point.
Also the question is HOW THE FUCK SHOULD I CASH THESE OUT? I don't even KNOW what I want to buy if anything..I'm pretty content with my finances right now..
1 hours later 32886217 Anonymous (wow.png 934x389 35kB)
I bought my Bitcoins at the red arrow. It's fucking amazing how quickly their value has soared over these last few days. If I had had more money to invest than $80, I'd be fucking rich now.
Oh well.
1 hours later 32886219 Anonymous (Screen Shot 2013-04-08 at 1.03.01 AM.png 343x64 13kB)
good
great
(i did not keep them)
1 hours later 32886226 Anonymous
>>32886194
Let me go look...it's downstairs
--thread-concurrency 4800 -I 18 -g 1 -w 256
>>32886210
I do but I actually bought all of my GPUs from Newegg. I knew exactly when their stock replenished (Tuesday and Thursday at 9:30AM), so I just spam refreshed and bought whatever I could!
1 hours later 32886229 Anonymous
>>32886215
If you're content just hold on to them. It's not like you have anything to lose.
1 hours later 32886240 Anonymous
>>32886226
thanks!
1 hours later 32886248 Anonymous
>>32886147
It's worth it for the big guys, that's what's keeping all this afloat. They're not gonna crash it, maybe they'll make it stabilize and slowly sell their coins. Then crash it a little bit, buy more, pump again. I wonder how long this is gonna go on, my guess is years.
1 hours later 32886250 Anonymous
>minimal order 20
Wait do I have to order a minimal of 20 bitcoins to use bitinstant?
1 hours later 32886251 Anonymous
>>32886226
damn I had no idea. I ended up just overpaying for an entire system with a 6990 from a pc builder, literally the only person that had *any* decent AMD cards in stock that week.
1 hours later 32886253 Anonymous
If I hadn't spent my BTC, I would cash out right now and buy back in after the bubble pops.
Oh well, I have some LTC and we'll see how things go with those.
1 hours later 32886264 Anonymous
given that rich as fuck people likely have had asics for awhile, i wonder how much fucking money they've made
1 hours later 32886266 Anonymous
>>32886229
I know, It's just..NUMBERS GOING UP has me all excited. Fucking 600$ could get me a new Motherboard/CPU plus enough change left over for a fancy Tablet. But I don't really need those things as I've already got a decent CPU that can handle games fine and a cheap tablet that works good enough.
1 hours later 32886268 Anonymous
>>32886226
Oh and I should say that despite my rural area I live within an area that gets standard order Newegg shipped items either same day or next day. I ordered my latest build at 1AM on a Tuesday and got it that same day at 5PM
>>32886251
It was a fun week though, wasn't it? I built an absurd computer with most of my funds thinking BTC would be dead. Still using it as my main computer!
6950x2 flashed to 6970
120GB SSD
2700k
etc etc!
1 hours later 32886277 Anonymous
>>32886266
>cash windfall
>not investing 80% of it
pls. stahp.
1 hours later 32886282 Anonymous
>>32886268
Do you use PPS or DGM?
1 hours later 32886285 Anonymous
>>32886250
Anyone know?
1 hours later 32886286 joker
>>32886179
Imagine if you had 5000 of them...
1 hours later 32886288 Anonymous
Oh god. I'm one of the early adopters, and never, never thought Bitcoin would take off like this. I remember back in the day when a bitcoin was worth 5-7 cents. Once, I spent 2,000 coins to get pizza delivered. And it was done by someone who worked there as a favour to me because Bitcoin transactions were such a novelty. And mining 100-200 coins a day with a netbook powering an Atom processor is seared into my memory.
Ironically, most of my wallets were purged when I went distro-hopping on Linux and didn't bother backing up my wallets. I probably still have a few hundred dollars worth of coins in wallets on external drives somewhere...
1 hours later 32886289 Anonymous
>>32886282
I use PPS out of ignorance, I'm not familliar with DGM
1 hours later 32886290 Anonymous (bots.png 1679x791 130kB)
>implying 29.01 ask order will affect anything.
>implying you don't see 153 BTC bid order
This shit will go up until $200 - $220
1 hours later 32886297 Anonymous
>>32886268
yeah it was stupid how fast it paid itself back.
what was especially galling were the haters. you had people that were perfectly capable of doing math irrationally not realize the obvious arbitrage opportunity. that went on for 2 years, hell it's still going on.
1 hours later 32886307 Anonymous
>>32886290
after 210-235, human instinct kicks in to preserve ego = bitcoin crash
HAVE FUN!!!11
1 hours later 32886313 Anonymous
Why the fuck do Mt.Gox need my ID. No way I'm giving my social security code to foreign company.
1 hours later 32886314 Anonymous
>>32886297
I don't see how there's an arbitrage opportunity. BTC-e sells coins for about $9 less than MtGox, but the transaction fees (if you want to circle your money between the two sites) are $9.5 at $140.
1 hours later 32886319 joker
>>32886307
But it will bounce back....
But how low would they go?
1 hours later 32886321 Anonymous
>>32886307
That's what I heard when bitcoins goes through $100 too.
1 hours later 32886331 Anonymous
>>32886307
>>32886321
And $30. And $50. And $70. And every other day.
1 hours later 32886334 Anonymous
http://www.amazon.com/EVGA-GeForce- Dual-Link-Graphics-06G-P4-2790-KR/d p/B00BIUKH04/?tag=logicaincrem-20
What if mine with this
1 hours later 32886335 Anonymous
>>32886313
they don't, unless you use dwolla or are doing huge amounts of withdrawls, right?
1 hours later 32886341 Anonymous
>>32885085
If you're implying that bitcoin was invented by Adi Shamir and Tatsuaki Okamoto...then I might just agree with you.
1 hours later 32886342 Anonymous
>>32886334
>nvidia
yeah go ahead
1 hours later 32886343 Anonymous
>>32886321
Yes but 200 since 100 is a small step from double digits.
1 hours later 32886344 Anonymous
>>32886307
Human instincts kick in, the small players get out, the price moves slightly downward. It's not going to crash until the major movers get out, and they have no reason to.
1 hours later 32886348 Anonymous
>>32886313
I don't recall the exact reason but something along the lines of the US government checking that Bitcoins aren't used for tax fraud or something. Take that with a large grain of salt but also take the basic idea of that and that's why.
1 hours later 32886351 Anonymous
>>32886319
Crash to 90, then people will SPAMM!11! buy it'll go to ~150 and then drop to ~40. lel
1 hours later 32886354 Anonymous
>>32886314
the arbitrage is in mining and selling bitcoins for people that already own AMD cards
1 hours later 32886355 Anonymous
Whoever buys at $173 is retarded, it will only fall now and you will lose your money. Sell.
1 hours later 32886374 Anonymous
It is obvious that it only goes up because big coin holders purchase their own coins to bump the price up.
Let's so how long will gullible retards fall for it and buy at that fake price.
1 hours later 32886376 Anonymous
>>32886331
bitcoin rising isn't a natural law however
1 hours later 32886377 Anonymous
>>32886344
you're forgetting:
>hackers hack bitcoin
>all efforts rendered useless
>everyone loses faith
>bitcoins pegged to 1 USD
>implying there isn't datacentres in china mining bitcoins
>implying jews don't have reserves of them
2 hours later 32886401 Anonymous
>>32886376
No, but the big players have no reason to ever let it drop. For them what's ideal is the price going slightly down then back up, creating a ranging market once they stop pumping it. The growth might stop but the dreaded crash won't come, not in the extent of crashing to $1.
2 hours later 32886425 Anonymous
>>32886377
>hackers hack bitcoin
like what happened with instawallet?
totally crashed the price, bro xD
thanks for warning me! you're not ignorant at all
2 hours later 32886446 Anonymous
>btc/usd goes up
>ppc/btc stays the same
why
2 hours later 32886451 Anonymous
>>32885741
mtgox profits from the trading volume. they don't care what the price is, as long as people keep buying and selling.
2 hours later 32886462 Anonymous
>>32886446
because no one likes urinecoins
2 hours later 32886477 Anonymous
Where do I start mining litecoins?
2 hours later 32886478 Anonymous
>>32886446
Wait until block reward is lower, I see the reward decreased from 500 to 430 in a couple of days, thanks to avalon asic.
2 hours later 32886495 Anonymous
>>32886477
http://198.100.45.108:9327/static/
2 hours later 32886505 Anonymous
Shits about to pass 200
I predict it will pass 200 mark in less than 6h.
2 hours later 32886506 Anonymous
>>32886477
Get a miner (probably reaper) then connect to a pool. Ozcoin and mining foreman work decently for me.
2 hours later 32886511 Anonymous
>>32886189
>start mining LTC
>realize I'm too big of a poorfag to get more than 3khash with cpuminer
>realize I'm basically running after a train what's left 2 years ago
Also fuck uni again, the firewall blocks every port except those like FTP, HTTP(s), xmpp, git, svn, etc.
2 hours later 32886519 Anonymous
>>32886511
your university is doing a great service to you.
teach the smart kids how to use a VPN
2 hours later 32886521 Anonymous
>>32886506
where do I keep my mined coins?
2 hours later 32886530 Anonymous
>>32886521
Get the litecoin wallet application, it syncs pretty quickly compared to buttcoins. Set your withdraw address to the one the client gives you.
2 hours later 32886557 Calm Images (116.png 646x817 29kB)
I guess it's not all over if I start now with mining right?
2 hours later 32886568 Anonymous
>>32886557
It's more profitable than ever.
2 hours later 32886581 Anonymous
>>32886568
maybe if you got like 50 ATI cards in your closet...
2 hours later 32886583 Anonymous
>>32886581
The difficulty is high, but so is the price.
2 hours later 32886592 Anonymous
i will be fagget poor fag
14tw4GU2NbgA77jTCGhN56GLaMP6mSvwRq
inb4 sent ;)
2 hours later 32886609 Anonymous
So miners let their hardware counterfeit money all day and this is legal?
2 hours later 32886614 Anonymous
>>32886592
transfered =oD
2 hours later 32886617 Anonymous
>>32886592
sent ;) from 1C9XPPPCnrPFhSy4rxuMekgScfoeTsg6di
send me some back
2 hours later 32886626 Anonymous
>be /b/tard
>browse /g/ all of a sudden
>check bitcoin thread wat.jpg
>realize i bought 30 btc for lsd and shrooms 1 year ago
>open btc wallet after 8 months or so
>17 btc
should I wait or just sell?
2 hours later 32886629 Calm Images
>>32886581
I don't
1DtW9nPh54DkAWi1McDLkpUhKmVtuYEXVT
2 hours later 32886632 Anonymous
>$40
>'Why did I not invest?'
>$80
>'Why did I not invest?'
>$100
>'Why did I not invest?'
>$120
>'Why did I not invest?'
>check bitcoinity today - $182
This is torture.
2 hours later 32886638 Anonymous
>>32886632
>$120
fine, I'll make a fucking mtgox account
>$180
still not verified
2 hours later 32886655 Anonymous
>>32886609
apparently? I mean, it has to be legal, they call it mining instead of counterfeiting. Mining is a good, traditional trade, people have been doing that for ages (since probably before the Bronze Age, actually)
2 hours later 32886657 Anonymous
>be early adopter
>mine like a motherfucker, really enjoy it, feels like the old runescape days
>realize this is not going anywhere (it was about 0.05 at the time and it was barely possible to do anything with the coins)
>abandon ship
>see this thread
>...
>what the fuck
>search all my harddrives for the wallet
>found it
>221.7 BC
what the fuck, I just made 40K
I am going to cash out right now. I don't give a fuck about it raising because I will poorly regret it if I wait and wait and wait. What do I do now?
2 hours later 32886658 Anonymous
>>32886609
0/10
2 hours later 32886671 Anonymous
>>32886632
>$200
>OKAY I WILL INVEST
>bubble bursts
>80% price drop
>back to the stabilized level of 15 dollars
this is why I will not invest, it's guaranteed to burst when I get involved
2 hours later 32886675 Anonymous
>>32886626
give them to me because you don't deserve them
2 hours later 32886692 Anonymous
>>32886671
well hurry up and invest faggot so I can buy
>>32886657
probably BTC-E and liberty reserve or lowest fee
consult a CPA for how you'll declare it as income
2 hours later 32886693 Anonymous (silver-long-term-chart-with-fractals.jpg 1100x835 207kB)
>>32886671
I don't think it will go lower than it was before the spike. That's not the way other commodity currencies work.
2 hours later 32886701 Anonymous (muney.png 428x142 3kB)
Did I do good?
Probably putting more money later.
2 hours later 32886704 Anonymous
>>32884623
you haven't tried contacting them?
2 hours later 32886710 Anonymous
>>32886671
But it'll never stabilize back @ $15 after this.
After ever subsequent value it will cool to a higher and higher value.
Due to
>difficulty in mining increase
>people realizing they can get high again
It's just going to be bubble after bubble. Each time the 'actual' value going up.
2 hours later 32886712 Anonymous
>>32886657
selling that amount of bitcoins will crash the market
please stay aboard, you will ruin the market cap
this is the entire problem with bitcoin, as soon as one sells BIG (>100) coins, everyone will start selling
2 hours later 32886716 Anonymous
>>32886701
Pretty good, always keep $100 - $200 on exchange so you can buy bitcoin when you need it anytime.
2 hours later 32886719 Anonymous
>>32886701
>investing this lack
Yeah you did good goy. It's chumps like you thinking you've got free lunch that feed others.
While you only get your fill of regret and loss.
2 hours later 32886724 Anonymous
>>32886712
200 bitcoins will crash the market? are you fucking retarded or what?
2 hours later 32886725 Anonymous
>>32886712
HAHAHAHA
no, it won't
you're fucking delusional if you think 221 is a blip at current volumes
2 hours later 32886727 Anonymous
>>32886716
I do all my purchases through coinbase. Easier than trying to wire money to mt gox or some such thing like that.
2 hours later 32886729 Anonymous
I literally just sold my mining rig for big dosh on ebay (mentioned it can be used for mining) and invested in bitcoins. Idiots still mining these days. :')
2 hours later 32886747 Anonymous (buttcoins_chart.png 587x788 50kB)
>>32886712
Selling 221.7 BTC ($39,906) will only "crash" the market from $182 to $179.
2 hours later 32886748 Anonymous
>>32886729
You should have started mining litecoin.
You just lost a lot of money.
2 hours later 32886753 Anonymous (luke.jpg 200x200 4kB)
>believing the bubble won't burst.
2 hours later 32886765 Anonymous
>>32886725
*more than
2 hours later 32886766 Anonymous
>>32886753
Is there a reason to burst?
2 hours later 32886769 Anonymous
>>32886766
is there a reason to live or die?
2 hours later 32886793 Anonymous
I have accumulated 1235.95 BC. I've invested way too much in this and am on loans but currently every bitcoin I own was bought UNDER the current market price (most of them dating back to the 40$ era when I happily bought all sellers). As soon as I manage to obtain 1250 bitcoin (which will probably be at the end of the day), I will sell, pay off my loans and leave with a 150000$ profit. Not bad for a half year of work.
2 hours later 32886796 Anonymous
>>32886766
Yes. It will burst if demand for bitcoins is satisfied and noone bothers to use them for the trading and purchase of goods and services.
2 hours later 32886797 Anonymous
>>32886766
if everyone believes it
will burst, won't that make it burst?
2 hours later 32886802 Anonymous (1356728242527.jpg 544x603 62kB)
Anyone willing to send me 1 litecoin? I want to believe
LNhcJpGTDqoJaDfDBDWwYewY5iMe1vYzHe
2 hours later 32886816 Anonymous
>>32886802
begging something with 3DPD
2 hours later 32886847 Anonymous
Anyone can recommend a good LTC miner for Linux?
2 hours later 32886854 Anonymous
>>32886847
cgminer or reaper.
I recommend cgminer
2 hours later 32886869 Anonymous
>>32886796
>It will burst if
>if
try this again - this time start your sentence with "bitcoin will crash, because.." the next word in this sentence can't be "if"
3 hours later 32886876 Anonymous
I'm thinking I should buy more
3 hours later 32886878 Anonymous
>>32886797
eveyone already believes it will burst - it's still there. proof that this isn't a bubble
3 hours later 32886888 Anonymous
>>32886854
Scryptminer?
How much of a factor is the mining client?
3 hours later 32886903 Anonymous
>>32886888
CGminer crash too often in my machine, so I stick with reaper, but reaper isn't updated anymore.
Find what works in your machine.
3 hours later 32886905 Anonymous
>>32886888
not huge. just whether it has gpu support or not.
cgminer has a pretty nice UI though
3 hours later 32886908 Anonymous
>>32886658
Explain to me how a videocard or ASIC printing money out of thin air is *not* counterfeiting.
3 hours later 32886915 Anonymous
>>32886797
that's the principle
reason the price keeps going up is cause demand>supply
3 hours later 32886934 Anonymous
>>32886908
They are manufacturing real bitcoins, not fake ones.
3 hours later 32886944 Anonymous
>>32886908
-9000/10
3 hours later 32886951 Anonymous
>>32886908
you're so ill-informed you make teenagers who don't know what the fuck commodities are who call bitcoins monopoly money seem smart
3 hours later 32886976 Anonymous (186.png 1608x728 120kB)
Are you high, /g/ ?
Look at all of the green arrow
3 hours later 32886996 Anonymous
>>32886934
Bitcoin can't be counterfeited. But they are still printing money.
One day there will be a Black Friday for Bitcoin just like when Pokerstars and Fulltiltpoker were seized.
3 hours later 32887005 Anonymous
IT WILL REACH 200$. I FEEL LIKE SHIT FOR NOT INVESTING ;_;
3 hours later 32887016 Anonymous
>>32886951
Once again, nobody has actually addressed the issue of running a printing press in your bedroom.
3 hours later 32887020 Anonymous
>>32886996
Go away.
3 hours later 32887021 Calm Images
Would anyone recommend me a good pool.
I just installed it and it's now syncing blocks (downloading?)
3 hours later 32887029 Anonymous
>>32886996
Bitcoin can't be stolen or devalued by a government or central bank either.
3 hours later 32887033 Anonymous
>>32887016
You really should read up on how bitcoin works before being an idiot.
3 hours later 32887038 Anonymous
>>32887005
At this point, even if it keeps going up, the average /g/uy can't afford the volume necessary to make crazyhuge profit.
3 hours later 32887051 Anonymous
>>32887005
Told ya.
>>32887021
Litecoin : Litecoinpool
3 hours later 32887052 Anonymous
>>32887029
Wallets are stolen all the time. Exchanges can be seized. And the Federal Reserve can print its own money. You think they can't devalue bitcoin?
3 hours later 32887057 Anonymous
All these people with thoudands if btc.
I am sceptical... no screenshots...
3 hours later 32887061 Anonymous
>>32887038
>invest x amount of $
>price doubles
>sell
>you've made 100% profit
this is how it works
3 hours later 32887070 Anonymous
>>32886908
They are performing difficult calculations with a chance of finding a block.
It's supposed to simulate real world gold mining.
3 hours later 32887073 Anonymous
>>32887029
Right now bitcoin is nothing without mtgox and I don't think mtgox is invulnerable.
3 hours later 32887074 Anonymous
>>32887038
Don't be too greedy, a free upgrade to your rig because of buttcoin profit is still nice.
3 hours later 32887077 Anonymous
>>32887061
Takes longer and longer for the buttcoin price to double though. LTC and other shit have a much better chance of doubling your investment, although there's a lot more risk involved.
3 hours later 32887089 Anonymous
>186.5
Now i'm generally worried, moment this goes serious mainstream it goes downhill.
3 hours later 32887090 Anonymous
If i was a store i would never accepted some currency which was developed by some neckbeard i his basement and has no actual value. This currency has no backing. Dollars are backed in gold, but bitcoins are pulled out of tin air by hashing, hashes are worthless. That is why serious stores will never accept them and you will be able to buy drugs and the silk road, or some stolen iphones at best.
3 hours later 32887096 Anonymous (1348725574269.jpg 1010x810 150kB)
>tfw waiting for your PPC to confirm you can start participating
God fucking damn it coinotron. It hasn't moved for 12 hours.
3 hours later 32887098 Calm Images
>>32887051
Litecoin is better than bitcoin then right?
3 hours later 32887102 Anonymous
>>32887090
>Dollars are backed in gold
lel
3 hours later 32887103 Anonymous
>>32887052
>You think they can't devalue bitcoin?
They can't devalue something they have no control over.
3 hours later 32887106 Anonymous
>>32887090
>Dollars are backed in gold
lel
3 hours later 32887111 Anonymous
>>32887033
I already know how bitcoin works, thanks. I also know that miners aren't doing it out of the goodness of their hearts.
That was discussed on the cryptography mailing list. Someone suggested "In this case it seems to me that simple altruism can suffice to keep the network running properly."
But if bitcoin turns out to have been invented by a Russian named Vlad as a get-rich-quick-scheme, of course altruism doesn't factor into it.
3 hours later 32887117 Anonymous
>>32887096
>buying urinecoin
3 hours later 32887119 Anonymous
>>32887077
>Takes longer and longer for the buttcoin price to double though.
[citation needed]
3 hours later 32887121 Anonymous
>>32887090
>but bitcoins are pulled out of tin air by hashing, hashes are worthless
Dollars are pulled out of thin air too. At least bitcoins have a mechanism that limits their production.
3 hours later 32887128 Anonymous (1365305418294.gif 500x281 242kB)
>>32887090
>Dollars are backed in gold
TOP FUCKING LEL
3 hours later 32887138 Anonymous
>>32887117
>implying
I mined it
3 hours later 32887145 Anonymous
>>32887098
In term of confirmation speed, yes.
When you send coin to another person,
With bitcoin you need 6 confirmations x 10 minutes = 60 minutes before you can use the funds.
With Litecoin you need 6 confirmations x 2.5 minutes = 15 minutes before you can use the funds
Also, Litecoin ASIC isn't exist yet so GPU miner can mine in peace.
3 hours later 32887150 Anonymous (oh god.png 497x327 20kB)
I don't understand any of this
3 hours later 32887151 Mosin Nagant (my dad, my mentor, my rock.gif 254x198 439kB)
>>32887111
If I shit into 500 boxes and 500 people are willing to buy each box for $500 each, have I been counterfeiting money?
Well shut the fuck up then
3 hours later 32887165 Anonymous
>>32887151
what's the best way to mine shitboxes?
3 hours later 32887167 Anonymous
>>32887150
Do you mine buttcoins or litecoins ?
Add --scrypt parameter if you want to mine litecoins.
3 hours later 32887172 Anonymous
answer this please, in current difficulties how many lite coins will identical machine mine in one hour if it can mine 10 bitcoins in one hour?
3 hours later 32887173 Anonymous
>>32887070
The calculations are a purely arbitrary proof-of-work system based off of Hashcash.
The proof-of-work is intended to prevent double spending, but if any group ever has 51% of all mining power (at any time in the future, like Deepbit or BTC Guild nearly have had), the proof-of-work system is rendered moot.
3 hours later 32887174 Anonymous
>>32887165
mine TRC
3 hours later 32887176 Anonymous
>>32886908
>printing bitcoins
dohoho
3 hours later 32887195 Anonymous
>>32887090
All money is a mass hallucination. Bitcoin just takes that mass hallucination to its reductio ad absurdum conclusion.
3 hours later 32887197 Anonymous
>>32887173
Wait, so if for example if one day all miners will shut down their pcs and i will be the only one mining that day i will be able to fake coins..?
3 hours later 32887211 Anonymous
>>32886869
bitcoin will crash because demand for bitcoins will besatisfied and noone will bother to use them for the trading and purchase of goods and services.
3 hours later 32887229 Anonymous
>>32887103
Governments don't control miners. But they are interested in money laundering.
The bitcoin economy is currently $1.95 billion USD. That is pocket change for most governments.
Say Japan seizes MtGox. What do you think will happen in the markets?
3 hours later 32887231 Calm Images (coiny.png 1505x638 68kB)
>>32887145
I have GUIminer but I don't know how I should get it to work.
3 hours later 32887232 Anonymous
>>32887195
i agree, only things that have actual value are things which are useful to one person even if they aren't deemed useful by another person (food for example)
But if paper money is deemed useful by only one person they have no value, as they cannot be used for anything.
3 hours later 32887242 Mosin Nagant
>>32887229
I don't know
But I would love to see it happen, just to know that bitcoin can survive such shenanigans
3 hours later 32887250 Anonymous
>>32887231
It's too late anyway fagget, do you realize you will be able to make like one coin in two months with your rig? That is about tripe price in electricity than you will make in coins.
3 hours later 32887256 Anonymous
>>32887172
Thanks, now I at least understand the hash rate
Nvidia GTX465 6 kH/s master race
3 hours later 32887259 Anonymous
>>32887229
Nothing, people will use another exchange service.
Or they will not exchange money for other money at all and just spend bitcoins directly on wares.
3 hours later 32887260 Anonymous
>>32887151
I don't know, are you using your shitboxes for money laundering and to fuel an underground drug economy?
3 hours later 32887273 Calm Images
>>32887250
Do you know what rig I have?
Also, I always leave my rig on 24/7 anyway.
3 hours later 32887282 Anonymous
>>32886693
Are those ever real prices? Doesn't look like it.
3 hours later 32887283 Anonymous
>>32887273
Unless it's an asic or quad 7970, go away.
3 hours later 32887287 Anonymous
When Bitcoins were still worthless I tried mining some, and I think I got a few freebies from some websites. Problem is that I quickly gave up as that amount didn't even equal $1, but now I'd obviously like them back. I've forgotten how this all works, is it possible?
3 hours later 32887292 Anonymous
>>32887273
Even if you have 4x latest GPU in crossfire you won't mine shit, have fun competing against supercomputer mining farms
3 hours later 32887304 Anonymous
>>32887172
A whole fucking lot, 10BTC/h is something like 4THash/s, assuming 1000 difference between speeds it's gonna be about 800LTC/h, $3500 worth at current rates.
3 hours later 32887312 Mosin Nagant
>>32887260
>fuel underground drug economy
>money laundering
In that case, why the fuck do we have usd, gbp, eur or ANY OTHER CURRENCY
Jesus christ you are stupid
3 hours later 32887314 Anonymous
>>32887287
No. Unless you saved your wallet you are fucked
3 hours later 32887316 Anonymous
>>32887197
When a person controls over 50% of the network's computing power, they can exclude and modify the ordering of transactions, so they can double spend transactions that have been previously seen in the blockchain, prevent some or all miners from mining any valid blocks, prevent some or all transactions from gaining any confirmations.
But people seem to ignore that when the network began, it was just only Satoshi mining.
3 hours later 32887319 Anonymous
>>32887283
>making $15 a day with a 6770 and a 7950 running 24/7 assuming LTC won't go beyond $4
I wouldn't call that bad considering I don't do shit to earn that money.
3 hours later 32887324 Anonymous
>>32887283
He could mine LTC with nearly anything from mid cards and up.
3 hours later 32887329 Anonymous
>>32887312
>responding to obvious shitposters
3 hours later 32887340 Anonymous
>>32887314
Well fuck, I guess. It's not like anything good would happen to me anyway.
3 hours later 32887343 Anonymous
>>32887287
If you formated your HDD since then then you're probably fucked. If you still have the bitcoins in the pools, try recovering your accounts. If you still have the HDD you used at the time, go to %appdata%/bitcoin, if you can find a wallet.dat, congratulations, you're now a lot richer.
3 hours later 32887355 Anonymous
what is the best application for mining litecoins? and should i gpu mine them or cpu mine?
3 hours later 32887366 Anonymous
>>32887355
cgminer
gpu
3 hours later 32887368 Anonymous
>>32887312
>In that case, why the fuck do we have usd, gbp, eur or ANY OTHER CURRENCY
>Jesus christ you are stupid
Why do you think MtGox has a backlog of thousands of accounts to verify?
Why do you think MtGox wants an SSN from people?
Why do yout hink MtGox limits withdrawls to $10,000 USD per month?
Money laundering laws you fucking idiot.
3 hours later 32887371 Anonymous
>>32887355
CPU mining is not worth it, don't do it. GPU mine, use Reaper or CGMiner, on some cards reaper performs better, on others cgminer, check on ltc mining hardware lists.
3 hours later 32887400 Anonymous
>>32887368
you're moving the goal posts, first it was printing money and now that it's clear how fucking stupid you sounded you brought up activities that happens with every currency on the planet
fuck off
3 hours later 32887404 Mosin Nagant (enough.gif 259x214 778kB)
>>32887329
I've said it before and I'll say it again
I get baited too easily
3 hours later 32887415 Anonymous
>>32887343
Would the fact that I just installed bitcoin-qt interfere with this? I only got partway through validating.
3 hours later 32887440 Anonymous
>>32887400
I'm not moving the goalposts. I mentioned money laundering clear the hell up there ^^^.
3 hours later 32887467 Anonymous
>>32887415
The client would normally use your old wallet.dat if there was one I think, it did so with mine anyway, once I recovered it from my old HDD. Check the creation time of the wallet file.
3 hours later 32887476 Anonymous
>>32887319
>>32887319
are you solo mining or pool ming?
3 hours later 32887484 Anonymous
I kinda want BTC to stabilize or crash so people will actually use it again, rather than speculate on it. Why would you buy something today when a coin itself might be worth $500 soon
>>32887440
see
>>32886609
and then
>>32887151
and then
>>32887260
>durr I was just pretendin xDDDD
3 hours later 32887498 Anonymous
>>32887476
Pool, solo would be stupid, not to mention I don't even know how to do it although it's probably not particularly hard. On average it'd take 9 days for me to find a block. I use MiningForeman's pool right now, no fees and okay-ish stale rate.
3 hours later 32887502 Anonymous
>>32887484
You seem to think that printing your own currency and money laundering are unrelated.
This is what I get for talking to retarded tripfags.
3 hours later 32887511 Anonymous
>>32887467
As I feared, created today. Thanks anyway.
3 hours later 32887512 Anonymous
>>32887484
>Why would you buy something today when a coin itself might be worth $500 soon
>implying heroin addicts consider future consequences
3 hours later 32887516 Anonymous
>>32887511
Check your account on the pool you used (if you used one), you might have some .2 sitting there and that's still $40.
3 hours later 32887520 Anonymous
Welp, if it goes up to 187 dollars a bitcoin, I'll have made a profit. I bought at 186.
3 hours later 32887533 Anonymous
where can i download reaper v13 64bit?
The original webpage is not working anymore
3 hours later 32887536 Anonymous
>>32887512
The growth we've seen in the last two months is fuled majorly by speculation after the cyprus bullshit, not silk road
>>32887502
Too bad they're not the same thing, you fucking retarded neanderthal
3 hours later 32887546 Anonymous
>>32887520
>186
The rate is 175 on BTC-e and 179 on vircurex, why'd you buy on Gox? Transferring costs less than $7.
3 hours later 32887551 Anonymous
>>32887520
Good decision, enjoy your first trading.
Hold as long as possible before you sell.
3 hours later 32887564 Anonymous
>>32887498
does your pool using guiminer too or a different program?
i'm using guiminer on conotron with about 3% stale rate
3 hours later 32887569 Anonymous
>>32887516
I was indeed in a pool, but I can't remember - well shit, I think I found the one I was in. Might take a while to go through all my emails/passwords to find out what I used...
3 hours later 32887591 Anonymous
>>32887536
>The growth we've seen in the last two months is fuled majorly by speculation after the cyprus bullshit, not silk road
Sure it is, kiddo.
>Too bad they're not the same thing, you fucking retarded neanderthal
I didn't say they were. Buttmad someone is pointing out weaknesses in your get-rich-quick-scheme Vladimir Oksman?
4 hours later 32887624 Anonymous
>>32887591
sagroad ish butcoinz
butcunts r eilvil buz teys hav no baks xd
tha butbobbule wil poop
sel sel s el sel
4 hours later 32887648 Anonymous
okay so i installed litecoin wallet and now it's syncing something huge and it's clogging up my entire internet line.. what the hell?
4 hours later 32887672 Anonymous
>mfw moot was genius to start accepting bitcoin as payment for 4chan Pass..
>mfw moot is bitcoin millionaire
4 hours later 32887687 Anonymous (gay conspiracy.jpg 612x458 55kB)
>>32887591
oh shit, he's exposed the entire operation. everyone get out, we have to shut down this whole multi-billion dollar ruskie money laundering/drug selling conspiracy. oh also don't forget counterfeiting.
>>32887648
it's because the cat is out of the bag
4 hours later 32887694 Anonymous
>>32887672
He's using a payment processor so it's automatically converted to $.
4 hours later 32887699 Anonymous
>>32887111
>But if bitcoin turns out to have been invented by a Russian named Vlad as a get-rich-quick-scheme, of course altruism doesn't factor into it.
If BitCoin actually becomes a standard, why should we care? I don't have much knowledge about the subject, but I suppose there are already thousands of 'Vlads' profiting from an older currency model.
4 hours later 32887700 Anonymous
>>32887694
unless he configured bitpay to keep a percentage of bitcoins and cash out the rest
4 hours later 32887792 Anonymous
>>32887699
Bitcoin has too many weaknesses to become a standard.
When the day eventually comes that a group conrols over 51% of the network (why is why BTC Guild recently limited registrations), and the group double spends, there goes the "standard."
It could be done today. By sending ASICs to BTC Guild members.
4 hours later 32887813 Anonymous
>>32887569
I tried resetting the passwords on all my emails but no luck. Perhaps they delete inactive accounts.
4 hours later 32887838 Anonymous
>>32887792
But no pool actually wants over 50% of mining power.
4 hours later 32887870 Anonymous
is it better to mine litecoins alone or in pool?
4 hours later 32887932 Mosin Nagant
>>32887792
ur dum
4 hours later 32888024 Anonymous
>>32887870
It doesn't matter.
pooling will get you more regular results.
5 hours later 32888395 Anonymous
>>32887932
Is it physically possible for tripfags to NOT shitpost?
5 hours later 32888523 Anonymous
THERES CP IN THE BLOCKCHAIN
BYE BYE BITCOIN
Data in the blockchain: Wikileaks cablegate-201012041811.7z
5 hours later 32888613 Anonymous
>>32885215
>Most economists are Keynesian
>Most economists are Keynesian
>Most economists are Keynesian
lel
5 hours later 32888729 Anonymous
>>32888523
wut
4.534 0.392