Bitcoin
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- twooh0
Monolith, your "analysis" is mostly made up from a lot of speculative bullshit, and you're basically doing exactly what CableStudios has been doing by posting these supposedly empirical charts as if they're supposed to mean anything. There is a lot of misinformation in your post.
Bitcoins aren't necessarily stolen "easily". If you post your credit card information on television, chances are someone is going to use it. This goes for any technology in its infancy that isn't yet ubiquitous. To call everyone who is a victim of theft of Bitcoin an "idiot", doesn't help anyone, and is just you saying things out of hindsight.
And no, not everyone has to keep their money on paper, or in a safe. There are many other encrypted ways to protect your own data. You are obviously not very well educated on this matter.
And merchants love Bitcoins because "once you part with bitcoins it's gone."? It's currency. That's what part of an economy is. I don't understand what your point is.
Regarding your 4th point, people money launder with the dollar. So, what is your point?
5th. Ugh. Right. The world will be doomed by 2140 when the world finishes mining Bitcoin. Where's your evidence for this? Where are your peer-reviewed studies? If you have none, you have no case here. End of story.
7. Okay, so whoever is Satoshi Nakamoto, or any other hacker can exploit all of Bitcoin? Really? Do you even understand how open-source, cryptology, and the block-chain itself works?
8. Right. Bitcoin was perfectly created for "criminals, hackers, murderers", and not the "general population".
- yurimon0
I was looking actual I seems few companies. these guys specialize in mining. http://virtualminingcorp.com/sho…
n found this also
http://www.wired.com/wiredenterp…your thoughts please.
- rabbit0
I was seriously about to pull the trigger on this, the knc Neptune :
https://www.kncminer.com/product…It has a hash rate of minimum 3TH which is the Rolls Royce of Bitcoin mining machines, if it was plugged in, and running TODAY it would earn you about 25k USD a month.
This baby blows the competition out of the water right now.
Unfortunately, that website is only pre-order, with shipment of that batch of machines due Q2 2014.
By then, the difficulty level will have grown exponentially, making the mining process not profitable, as can be seen here using the Bitcoin mining calculator. You also need to factor that once these ASICs and all the other ASIC companies releasing batched, the difficulty level will explode.
https://coinplorer.com/Hardware/…
If you could get your hand on one of these machines TODAY, it would be worth it. Buying that machine today on pre-order for 10k is not going to ROI
- rabbit0
this is also another excellent resource to estimate your ROI on a ASIC
- yurimon0
this seems to be lowest per gh
http://cointerra.com/product/ter…
The thing I'm concerned with roi is. If next years machines obsolete.
It seems you have to keep up with processing and im not sure it looks promising.
- rabbit0
@yurimon yea that machine is goid value for money.
Get two of em you get more power than 1 neptune, however its already sold out.
Meaning petahashes of hashin power are going to come online between now and july meaning the difficulty level is goin to rise exponentiallly, making ROI on any if these babies obsolete.
The only one worth getting would be the 1st batch of knc neptunes at 3TH. These are now selling for 30k on ebay lol
I cant see mining being profitable in 2014.
Better off taking your 6k and just buying coins
My prediction: We are going to see a lot of neptune being sold once people realise they wont ROI. Especialy if the price drop in Bitcoin continues to slide. Knc and all these mine machine companies are selling pre orders now whilst the the hype is real.
10k for a product that 'might' ship end of Q2 in an indistry where a day is like a month is a joke.
Again take your money and invest it in BTC themselves i say.
It sucks, i even gathered enough interedt from family members to order two of the knc miners i was so excited i came home and rad every thing i could about it, i have looked into all the machines, all the cloud hashing offers, none of them have ROI in 2014 with exponential growth in difficulty.
- ZOOP0
- ESKEMA0
- hehZOOP
- loldrgs
- excellent! 2011, fuck, i was a disbeliever?!CableStudios
- 20020
He invested when it was $300
HE IS SMART
- but did he SELL at 1200? If not, then doesn't matterformed
- Of course not, he is LONG2002
- +CableStudios
- lol, ok, then it doesn't really matter what price someone bought atformed
- drgs0
this dude bought 5.000 bitcoins in 2009 for 26$, then forgot about it
- twooh0
One of the problems with Bitcoin, is that it is too difficult to use.
It's impossible teaching my parents how to troubleshoot on an iPad, and my aunt/uncle are kind of like urban luddites. Try even asking someone what the root "crypto" means, and they won't know.
While I do believe this is the future, its not as easy as using the internet. In order for it to become ubiquitous, it requires not only that it be easy to use, but also easy to protect and insure.
- inteliboy0
The "world wide web" was a massive pain in the ass to get working in the 90's. Gopher, netscape, dial-up... it was all this bizarre new world to most people. And slow. And expensive. So, that's one argument at where Bitcoin currently sits.
- Still, there was no risk of losing money. As has been shown numerous times, there is with Bitcoin.formed
- chossy0
What are the advantages of using bitcoin? can you list them?
- pablo280
Human beings may be forced to be 'microchipped' like pet dogs, a shocking official report into the rise of the Big Brother state has warned.
The microchips - which are implanted under the skin - allow the wearer's movements to be tracked and store personal information about them.Read more: http://www.dailymail.co.uk/news/…
Follow us: @MailOnline on Twitter | DailyMail on Facebook- lolformed
- Daily Mail lol, thats like Fox News reporting on War.sem
- you know this is never going to happenscarabin
- It''s time to start... runnningprophetone
