roflmao...Junkcoin...not kidding is a real thing

Crypto-Currency Market Capitalizations | Bitcoin Litecoin Peercoin Namecoin Megacoin Feathercoin Primecoin ProtoShares WorldCoin Freicoin and more...

Just more support for LTC and if it get's backed by the major crypto currency exchanger, Coinbase will get on to supporting LTC if the other 2 major exchangers do it. The issue with LTC is accessibility, with it being more accessible meaning more market share and the price will go up.




Sex coin, worldcoin megacoin, my friend trade those for fun:

cryptsy

rumor is BTC38 will be adding it. It's already listed in their alt-coins section with info on it, just no open trading yet.

cryptsy SUCKS the balls, so slow and laggy. Took 10min. to complete a buy order at the current sell prices. BTCe would be seconds... and with it's crappyness it's still managing to do 4500BTC of QRK volume. I can see that doubling if BTC38 picks it up. Read up on it, it's a neat coin. The security is whats impressive and the speed of transactions.

Can anyone give me some step by step directions on how to set up a miner in a pool? I am quite computer illiterate when it comes to stuff like this. I want to mine QRK. I read up on it and a lot of the terms, phrases and stuff are above my head. I've downloaded the wallet, and the CPU miner but there are some steps to get them to work together and link into a pool I signed up for that I'm too stupid to figure out.

going to make completely speculative assessment.

I think we're seeing a correction.

I'll also speculate. BTC to $5000.


It's fun speculating, ain't it?! :P

Speculating is fun.

But wait until Banks/middlemen lobby for transactional fees or restrictions because they are losing financially. They, 100%, will not allow a regulation free currency.

They won't let this wild wild west happen for too long. When it comes, the free falling will happen. I'll quote this when it happens. :p

Who are they going to lobby to? Anonymous? Good luck with that...

I don't know how it's going to happen yet but know the big boys are likely watching it very closely.

I'm sure they are. There's just nothing they can do to touch it. Which is why it's gaining so much traction.

I love watching people freak out when the market corrects %10. Then climbs again.

I have a feeling a lot of these "crashes" (if you can even call them that) are caused by one or two people selling a largeish amount of BTC and then all the programmed bots thinking the market is crashing and selling off, causing a snowball effect.

Guess High frequency trading machines are trading now on Bitcoins, scary things can cause flash crashes.

such a good interview by Schiff.

TL:DR: Is there enough Demand for bitcoin that it can hold the price of Bitcoin steady, or is the demand artificial? Are places that are accepting bitcoins holding or selling? They have expenses to pay.....

A lot of new buyers of bitcoins are getting into the market but when the price start going down, psychology plays in system. They will want to lock in profit and is there enough buyers? Or will it tank.

We saw this happen when bitcoin went from 800 to 200 when Silkroad went down. When something similar happens, then yeah.

If you have time, watch this whole video. If not, just watch the last 5 mins or so

i like that...[just saw last 5 mins as u said, will finish tmr ]
gives ability for just about anybody to hit IPO without the need for all that financial behemoth overhead

Hate you Skinny....that did blow my mind.

I didn't see it from that perspective yet. That value alone is tremendous. Even if there is a higher transactional fee and its' regulated more, BitCoins has the potential to make the world further smaller. Streamlining transactions, wowzas.

I think what's hindering it, is that there's so many different types of coins. And there needs to be a a main exchange that is more secure/trusting.

But mind is still blown.... I use to think 5,000/btc was retarded, but maybe...and beyond that, who knows...

The article below, mass adoption won't occur until people trust it. Just like how people trust banks, we need some insurance. Granted, just don't leave money on the exchange is one solution.

http://www.dailymail.co.uk/sciencete...ace-weeks.html

I found out about Stefan Molyneaux when he appeared on JRE a while back.. I totally suggest following him. Super smart guy (even if I don't always agree with him)

I am wondering if folks here are interested in doing a mining group buy... Basically we pool together our BTC, buy shares in the miner, and split the profits that come from it. This way we could get in on something a lot more effective than a few USB miners...

As an example, say we can buy a TeraMiner IV for $6000 + $326 for shipping

- If we can get 20 people interested equally, that's $316.30 USD each
- It mines at 2 TH/s. At current difficulty, that is 42 BTC per month ($42,000 USD per month). It would pay for itself in 5 days.
- Power consumption is about 1200 watts, with BC Hydro's cheap $0.10/kwH that is $86.40 per month
- An alternative is to have the company host the machine for us - that way we wouldn't have to worry about administration. This would be more expensive though - $4000 per year
-Profit for these 20 people would be about 2 BTC a month each, going down every month as difficulty ramps up. Even then, your first payment should be around $2000 USD at current price, that is a 1000% return in 1 month
- (this is using the fallacy that we could do it immediately. Soonest possible would be April 2014, and 2 TH/s won't mine as much then as it could now. Then again, what will the exchange rate be at that time?)

if people are to do this, they should do it right away. like... confirm by the end of this week. no hum ha-ing.

uh we could always get them to host? whats the minimum contract? then we can buy our own to cut costs after? that would be... less "risky" and you get a feel for how everything works... thats another option i guess.

i say we make it 10 spots... 3xx bux is nothing, lets keep this real. people that are serious about it. 633 USD is nothing for investments.

edit: k i see contract with them is 1 year for 3999 for their top shit. and after the machine can be shipped to your place? ...the machine for free? im guessing 1 year later it will be crap. the 1 year contract also locks us in and doesn't allow for upgrading the machine... we should consider that. the calculation power of these machines are rising exponentially.

You buy the machine for $6000

You can have it shipped to BC for $320 or whatever, or have it hosted by them for $4000 per year. After that year, you can have it shipped to you or buy another year of hosting

If we do local hosting, we need someone who is competent to admin the machine. I could do it, but power is more expensive here ($0.13 per KW/h) and shipping is $500

I have a friend who is looking into building ASICs and selling them. I'm not sure if he will be doing big blade machines like this, or USB miners.. we'll see how that goes I guess

I'd be interested... machine is sold out on that site for pre-orders though!

this is overall a very rosy picture.
problems I see though
1, the first batch is already sold out which means everyone's going to have 2TH before you.
2, April batch is sold out, which means everyone's going to have even more then 2Th before you.
3, by March, the estimated difficulty will be 3billion, more then 4times what we're at now.

unless you got a hookup for a preorder in April, this isn't as sure thing as it looks.
i'm interested, but cautiously.

don't choose the hosting option because the best thing to do with these machines has always been, mine the shit with it, turn a nice profit, and sell off the machine before it gets obsolete and drop a preorder for the next one.

P.S, we're in a correction phase, totally fucking called it.

of course we're in a correction phase, but it doesn't matter. even if it goes down to 250usd it's still worth it.

it will always try to reach new highs. by april we might be bouncing or whatever. who knows.

either way, the risk is small. im willing to risk 3-4 spots of the 20. as long as we find someone we can trust and is knowledgeable in admining the machine.

Interested as well

interested too,

Keep in mind hydro rates are rising 15.6% over 2 years. Neglible costs i guess.

My concern is, why arent more people mining with these machines? Literally money printing machines lol.
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