Plus, there are lots of people annexe buy these even at a big loss, so I just unload on them once the profitability goes down for the cost of electricity I pay. You can make ROI on miners because of re-selling or price bumps but that's still less than the money you would have over straight buying on an exchange. Oh yeah totally agree I just meant from a typical investment viewpoint it's bitcointalk which is why most bitcointalk are buying them. If mining reward titan have distrputed annexe amongst millions kncminer users would of been much more healthy for bitcoin in general. I mean why would a company ever ship a product that they know could make them WAY more money than the customer paid for it if titan just kept it for an extra kncminer months? Full Member Offline Activity:
mejores programas para minar bitcoins В»
The whale's who are constantly driving the market down dream. Or, in a theoretical case where ASICs can't happen for the coin in question: I agree with that statement. That's how the world works, bit coin is worth money because we all think it is, the mining rigs they sell are worth what they sell them for, if only because people keep buying them. I have no problem mining LTC directly if its in the "Top 5" for profitability on coinchoose.
Tell me more rebbit: If you look bitcointalk Ebay you can find hundreds of Miners who kncminer for example Titan at unbelievable prices. Too annexe to mine for KNC, eh? You can also explore the Bitcoin Wiki:. WHy shouldn't do it?
cara mendapatkan bitcoin tanpa modal В»
Not even sure if we'll see a ROI. LittleD on March 19, , Hi waldohoover I ought to have asked before buying a share, but what are we going to mine? I would have preferred mining on one of the coin-switching pools paying out in btc, eg. Will we be mining litecoin directly? Wont KNC be offering hosted hashes like cex. March 20, , I'd like an option to mine different scrypt altcoins at will with that 0. I'd like to "vote for: I have no problem mining LTC directly if its in the "Top 5" for profitability on coinchoose.
Ultimately it's up to this GB as a "team" to decide. Powered by SMF 1. January 31, , Eastwind Hero Member Offline Activity: Cosmos Member Offline Activity: No dude; litecoin is ASIC-proof. And how about the reports about various other companies that say they can do? All of them going for stealing the down payments? You mean to tell me a company is trying anything they can to mine as many bitcoins as possible before it comes cost-prohibitive? There is nothing inherently unethical about what you are describing.
If you don't like the prices that KNC is selling for then don't buy from them. So long as they accurately describe the product and meet their advertised shipping date there is nothing wrong. I think they justify that as a "burn in period" to ensure that the miners work, not exactly ethical, but people are still buying from them, so why would they do otherwise?
To me the important things are price and delivery date. Yes if the miners are actually used for a significant amount of time before reselling them they should disclose that or call them refurbished.
In the grand scheme of things though it seems like a minor sin so long as they aren't pawning off broken trash on people which I don't think there is any evidence that they are.
By definition, a newly created item would be delivered before a used one, so I'd say this matters a lot. If they were not using them beforehand, then their incentive would be to ship the new ones as fast as possible.
My guess is LTC's price was held up by people who used to mine btc with GPUs and moved to litecoin trying to raise it's profile so their mining rigs are worth something. With Asic scrypt miners, anyone with a GPU mining machine will be getting out of ltc pretty quick if btc is anything to go by. That means flogging their gear or jumping to another altcoin that is asic resistant. They would "only" need 7PH at 4. Or they simply do what they know best , making the best mining equipment and selling it for profit.
They don't need to bother considering how much money is being thrown at them. What is true is that all companies who make mining rigs have to sell a lot of bitcoin from pre-orders to make them, most of the big ones sell off-exchange. WHy shouldn't do it? IF they are able to research and develope something faster than the other companies and still have customers who PRE ORDER from them probabbly that means they have a lot of skills.
Personally I don't pre Order but many miners do and they feel ok with that. If you look on Ebay you can find hundreds of Miners who sell for example Jalapeno at unbelievable prices.
Compared to them KNC is very Cheap. Look out for upward price movements on all the energy efficient GPU mineable coins as people switch away; but especially the coins that also want to be ASIC resistant. I am a bot. Send them to my inbox! Removed for vote manipulation - https: I think you are forgetting one thing here: Gridseed are the ones scrypt mining with huge farms out of China.
Dont even know if KNC have started scrypt mining so lets start dealing with fact not fiction. Here we go again.. This 6th grade logic is tiring.
Second, thanks for the cheap coins! Cheaper than mining myself. KnC was 1 of the first with the bitcoin miners. Also, people who got the early KnC miners are probably a millionaire right now. It's probably their best investment ever. But I guess you missed the boat, and are crying now because you can't afford the new KnC beast, right OP?
Its a shame mining had to go the way it did. If mining reward could have distrputed evenly amongst millions of users would of been much more healthy for bitcoin in general. There would be no bitcoin if it was like that.
An algorithm of distribution that does not disproportionally reward early adopters will result in no early adopters. What would be the point of taking the risk of investing in mining equipment if you can have exactly the same reward after the success is a fact?
If KNC are mining and selling continually they are really pushing the price of bitcoin down to its demand level. At least you can know as a speculator that as the mining reward goes down the price is bound to go up. Early adopters would still be rewarded more in this scenario. Sounds like danster82 is just describing a single mining pool that every user takes part in equally. Those in early would get more reward as there's fewer people to split it amongst.
Of course, would it be 'fair' for me to get exaclty the same reward with my old 1. Or, in a theoretical case where ASICs can't happen for the coin in question: There's always going to be an 'unfair' element, even if it's maybe not quite as distorted as the current and future Bitcoin scenario.. Well, that's certainly a different concern than what nagdude brought up.
I personally have no idea how you could differentiate individual users short of some invasive identification system, and I agree that profit begets profit however you decide to set it up.
It seems like the fatal "flaw" of danstar's suggestion in my eyes but I don't discount the possibility that it could be done by someone more clever than I am.
Scrypt tries to do this and succeeds on some level, but obviously the same issues are going to be there. Anyone involved could earn a portion without any specialist requirements. Im pretty sure Satoshi knew mining woyuld become specialists and centralised but its not ideal and theres no way around it. I find it interesting that people who will mine at a certain price don't seem to buy an equivalent amount of Bitcoin at that same price. That's what this is telling us if it's truly the cause.
There is a large premium placed by individual miners on getting coins through mining rather than an exchange. Otherwise, the price would not change when one miner accumulated a bunch of hashing power and dumped the resulting coins into the market. I guess your title isn't actually misleading, but the conclusions within your text are. Yeah, because someone's really going to bomb it. I wouldn't feel bad if someone did, just saying, but I doubt it's going to happen.
Well, that was just the first permanent measure that came into my mind, and also the simplest. I mean, you could cut the power to stop it temporarily, or you could send in a team commando style to destroy the shit, but the easiest and simplest way to take it offline permanently is to turn the whole place into a steaming parking lot, I think.
Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Log in or sign up in seconds. Submit link NOT about price. Submit text NOT about price. Bitcoin subscribe unsubscribe , readers 23, users here now Bitcoin is the currency of the Internet: You can also explore the Bitcoin Wiki: Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. No referral links in submissions. No compilations of free Bitcoin sites. Trades should usually not be advertised here. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong here.
New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system.
Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. Related communities Sorted roughly by decreasing popularity. Welcome to Reddit, the front page of the internet. Become a Redditor and subscribe to one of thousands of communities. This is an archived post. You won't be able to vote or comment. Want to add to the discussion?
Well, when you factor in resale value, it can be. Not if I make more than the same number of coins I could have bought with my initial investment You can't pretend that exchange fees make it worth it because power cost, equipment depreciation, and pool fees are WAY more than exchange fees. That's what I said before. I've been saying much the same for months as well Microsoft translate does a better job, although both tend to replace kronor with dollars.
I has been down voted so much it doesn't show up under "hot" either. I don't see why you wouldn't do it. It might be somewhat unethical, but that's par for the course in Bitcoin World.
Stop being so butthurt. Maybe you didn't know, but I did. It was in the news back in February. Tell me more rebbit: According to organofcorti they're mining with CH is doing the same. If not, it just amounts to smart, if sleazy, business. They are providing a service and getting paid for it.