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finance
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What goods and services would people like to see purchasable with Bitcoins? I'm interested to know what people want to be able to use their Bitcoins for. Personally, I'd like to be able to: * Buy food * Buy music * Buy movies * Pay rent * Buy beer * Buy T-shirts Electronics / flavour of the month kind of stuff. Thin...
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Be careful about speculating with Bitcoins
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Bitcoin Miner Gone Wild I would have much preferred a blog post to a video, perhaps with a small video showing his mining setup. A video of a power point presentation however is slightly annoying. Having said that, the content was still very interesting and I agree, buying the equipment is better, since it is a less...
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I just started mining, here are some cool things I've learned I just started mining a couple of days ago, and I wanted to share some cool things I've learned. I'm running Windows 7 * I've only tried one GPU miner, but poclbm seems to work well. It is command line, which works well integrating with other processes. ...
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No bubble, just steady growth.
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Mining hardware comparison chart for planning rigs I did that myself in Google Docs. It's probably too much of a hassle and considering how many models of graphics cards there are per chipset just adds complexity.
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Causes Behind The Bitcoin Price Rally > However, it is extremely unlikely that the market is being manipulated for large scale financial gain. The first reason for this is that it would be uneconomical: looking at the market depth, one sees that there are nearly 15000 bitcoins waiting to be sold, but only 6000 to b...
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I get about 95Mhash with a Radeon HD 4890. Is this accurate? I checked with one source that said it was, but I'm wondering what the normal steps are for improving the mining rate of ATI cards. Also, my nVidia 8600GT gets about 5Mhash, lol. Increase the clock speed for more mhash. it's not really that profitable un...
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1.1Ghash mining @ Mt.Red I think that all the overclocking folding fanatics will now become bitcoin fanatics and drive the difficulty to uneconomic levels. That is what is keeping me from buying 6990s to mine. So you are buying, selling and mining bitcoin? Are you mining pooled or solo. Once you get your farm, s...
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BTC activity: Over $3K USD per transaction? Really? http://i.imgur.com/5HOsX.png According to this snap from bitcoinwatch, over a quarter of the float, worth about $13M USD, has moved in 24 hrs. The average transaction size is 1742524/4066 = 428btc, and over $3300 USD (using average of high and low prices). Rea...
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Mt Gox and Dwolla So why does Mt Gox make Dwolla a mandatory site to join to use their site...? It seems really shady and I'm not sure I want to do business with them. What am I missing? Do any of you guys buy/sell BTC here? I would like to buy some BTC, but I don't trust the embryonic exchanges. Anyone have an...
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BTCEX closes.
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An example of Bitcoin prices 1 year ago I find it amusing, that each story like that makes me wanna buy coins and/or hop on the mining train and each time I end up convincing myself that the whole thing is just too risky yet to get financially involved. Not very often something brings so mixed emotions. Indeed. It wa...
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The GLBSE and Decentralization >a large segment of the population that has nothing but time on their hands are not likely to be astute decision makers.
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Personal Bitcoin Mining Log - I thought it'd be interesting to track my mining results over time, and to share so others could use it as a point of comparison.
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Silk Road goes down for the weekend; BTC crashes. Silk Road, the illegal drug marketplace, reported over the past week that it would shut down its Tor Hidden Service at http://ianxz6zefk72ulzz.onion/ over the weekend, in order to upgrade the software. Today, the first day of the outage, the price of BTC/USD fell all ...
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It's popping.. Where do you think it will settle? When would be a good time to invest? Please. It's "correcting", not popping. A little surge like that isn't really a "bubble". Even if it goes lower, it's going to be worth more than it was on the big surge up. Bitcoin works like a normal stock: the up and down is li...
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Bitcoin is now real world: medical marijuana for btc Where've you been the past year? BTC has been used to buy all kinds of illegal stuff including drugs.
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[meta] this shit is about to go parabolic Like lots of other people. And the slow selling will collect momentum like a rock tumbling down the mountain. Of course it isn't. AT the slightest hint of depreciation, the price is going to come tumbling down as everyone tries to sell and nobody buys, rendering all BTCs prac...
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What happens when most of the bitcoins are generated? How can new users obtain them? Or is it to be a closed market? Closed market. Mining still exists though due to transaction fees, but it won't be a beginner's game! It is to be a closed market. When 21 million bitcoins are in circulation, mining effectively ends....
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MtRed: Permanent "Problems communicating with bitcoin RPC" **Problem solved, I didn't create a worker. Whoops** Just signed up today and I'm unable to get poclbm to connect on two different systems. I did talk to some folks on IRC but nothing was resolved. What I've tried: 1. Two systems both running Win 7 64bit 1...
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Best software for mining on Mac OSX? I have a Mac Pro with 4 dual-core Xeon processors and a Radeon 4870 running OS X. I'd like to keep it busy mining using both the Xeon processors and the 4870 GPU. I understand that using the CPUs to mine is inefficient, I just think it's cool and want to play with it for a while....
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Would it be possible to apply power for generation of coins to actual problems? I understand kind of generally how the coins are generated. It is my understanding that the problem being solved to obtain the coin is not particularly useful to the outside world, but rather a system designed to prevent the easy creation ...
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What prevents end to end attacks? From reading this it seems like bitcoin is secure within it's own world. However, if a transaction history is stored; wouldn't an hostile entity setting up a major currency exchange obliterate all anonymity? No, because there's nothing stopping me from transferring all my bought bit...
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Bitcoin Mascot? Other ideas welcome.
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Is there a Forbes-like list for people holding the most bitcoins? It would be interesting to see who has bought into this system the most. Here's [a list](http://bitcoinreport.blogspot.com/), though it's two months out-dated. Also, since Bitcoin is anonymous by design, you can't really tell who owns any of these acco...
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Solo Mining? Use this to calculate how long it takes you to generate a block of 50 BTC! current difficulty is 157426. Estimated difficulty is 227315 in 579 blocks. Using current computing power, the change will go in effect in 59 hours at 6:20 AM GMT 5/19... but the computing power keeps rising, so expect it to occu...
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Most of your technical questions and 'end-game scenarios'/problems are addressed on the bitcoin wiki
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How can I join MtRed? I created an account on the site. But how do I have to configure my client? I'm running the headless bitcoind on my linux homeserver 24/7
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If I bought a Z68 chipset with 4x Radeon 6990's, how long would it take to pay for itself? So I'm extremely familiar with Linux, have time off until the fall, and looking for ways to make money. I recently stumbled upon bitcoin and am rather curious. Mostly because once I get a job again I was looking to build a quad ...
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MtGoxBot — tweets the MtGox ticker every few minutes Very good work! I still won't use Twitter, but this is definitely a great thing you're doing.
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Could legal action be taken against a bitcoin-based scam? Just wondering, since it worries me slightly. Suppose a mining pool operator were to suddenly keep all of the mined blocks for himself, for example. Could anything be done in a situation like this? >Could legal action be taken against a Wow Gold scam? Yes ...
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Current discovery rate = 9.38 blocks per hour - Next Difficulty Increase? Current Discovery Rate is 9.38 blocks per hour. Total Hash rate is up to almost 1.8 TeraHash/s. That is up over 100% from 2 weeks ago. What is the next difficulty increase expected to be if the discovery rate continues at 9.38 bph?
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Will make website for btc. Enquire within.
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Question: All I can find about what you're doing when mining for bitcoin is "solving cryptographic problems" - what does this even mean? Forgive me if I'm overlooking something really obvious - but I've been seeing buzz about bitcoin and bitcoin "mining" using GPU power, so I'm thinking to myself "Okay, what is this G...
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WHY Bitcoin "clients" are run on real computers, sitting in datacenters. Just like the web servers for MtGox, MyBitcoin, or even reddit. Sure we can run them on a desktop, but typically an infrastructure like this is powered by servers. I also want to add that P2P means nothing other than decentralized. It just turn...
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Canadian bitcoin enthusiasts meet on #bitcoin-cad on irc.freenode.net Facilitating CAD <-> BTC trades; discussion of setting up services for Canadians, including an exchange. Join us!
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"Bitcoin is the most dangerous open-source project ever created." Woot! Just realised that after I posted, I've been having some chats with some new potential users ;) > as more people come online ***to make them*** If you've come online to make them, you are mining. > Bitcoin miners use super cheap GPUs (not...
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How would one go about setting up their own Bitcoin pool? My family happens to own an office building and I'm building a cluster of bitcoin miners there, yet I would like to set up my own pool to avoid the fees and downtime of other pools out there. Does anyone know how I would go about doing this? I've messed with b...
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Reactions to Bitcoin
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Cost of Mining? Is the cost of mining more than the value of coins obtained?
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Completely New To Bitcoin I am completely new to bitcoin and I need some help to get off on the right start. I have a [Radeon 5870](http://www.newegg.com/Product/Product.aspx?Item=N82E16814150490) and an [AMD Phenom x6 1090T](http://www.newegg.com/Product/Product.aspx?Item=N82E16819103849) in my system. I signed up a...
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beginner question how am I supposed to get my first few bitcoins? I'm under eighteen and don't have much to sell, and I'm not gonna go around asking people to give me any. Soooo how do i move about? Well, if you have a talent or skill that translates to the internet, you could offer that in exchange for payment in bi...
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If you don't like dying of pneumonia then pay your taxes. I really don't get this you-can't-tax-bitcoins argument. Here in [generic European country] employers are required to deduct income tax from my pay check and businesses I buy goods and services from are required to add sales tax to their prices. Changing the cu...
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Are you running Bitcoin? Who near you is? France and Spain have interesting patters to them. Maybe it's just the way those ISPs GeoIP? At this point, I think it's more likely each dot marks the location of a nerd's mom's basement. Well if you're living in your parent's basement at 30, you presumably don't pay the el...
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Comic: Reaction After Dramatic Rise of Bitcoin's Value
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Stealing Bitcoins So let me get this straight. The button submits some special code in the "custom" field. There is some kind of flaw in the MtGox merchant page... I can't look at it, but presumably they don't escape the quotes. This enables this special code to actually be executed, which downloads some script from a...
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Most Reputable Trading Site? What's the trading site with the best track record? I'm concerned that most are outside the US. Any advice appreciated.
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Questions about BitCoins Two Questions. 1) It is apparently possible to 'lose' your bit-coins. If someone had 1000 btc, and lost the file, or the HD was corrupted, smashed, etc. This is the same as 'burning' money What happens then? They are lost forever? Never to be made again. If this does take off, isn't this go...
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The International Air Guitar Insurance Company has a special offer just for you!
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Lots of foreign-language coverage of BTC. Anyone know what they're saying?
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Spike in the value of BTC Is there a reason that the value of the BTC has risen ~700% with respect to the USD? "The Economy." I.e. "the most complex thing humans have built" and also not a thing at all. See: [Saturday Morning Breakfast Cereal](http://www.smbc-comics.com/index.php?db=comics&id=2228) or the film ...
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How to buy bitcoins in Australia? Does anyone have a safe low risk method?
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Is there an advantage to using MtRed rather than a larger pool? I'm currently on mining.bitcoin.cz, pulling about 160MH/s and wondering if there's an advantage to using MtRed instead? My intuition makes me feel like I'd do roughly the same BTC/day... I like bitcoinpool, been using them for a few weeks now. Their big...
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Geekcoin - A site to buy tech toys with your hard-earned BTC. Well, almost. The site is nearly finished, but I need product ideas. Preferably small, low-cost items to start out with, e.g. USB keys and such. In case you were wondering, I know the product prices are in USD, but when you check out it gets the current ex...
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Questions Regarding Bitcoin I recently discovered bitcoin but wasnt sure how it worked. I began by getting a wallet at mybitcoin.com, which i used as a test in combination with bitcoinfaucet. My .02 arrived fine without issue. I thne dowloaded and installed the client, I tried transfering to .02 to my the client walle...
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Dumb question, but how do i actually buy bitcoins? I'm looking to buy some for purely speculative purposes, whats the best/easiest way to do this? Thanks. I'm glad there's a rating system at least. I wish I had gone there instead of using Dwolla, but I'll just have to wait. You can also sell things or services for b...
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Someone will probably stab me in the gizzard for asking this question but... Who here is going to pay taxes on their BTC transactions? Imagine I perform some service and am payed in BTC then I use that BTC to purchase a product. Is this income? Am I good as long as I never convert it to USD? Please throw me any a...
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I want to buy 1BTC with my debit card. How can I do this? There is no way to pay with a debit card. I'd have to send cash/check or buy some intermediate currency and switch to that. Not interested. Well, it used to be easier but paypal shut down the 2 main guys who were selling bitcoins saying that currency excha...
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I am mining bitcoins, and I want to get a few dollars by selling them every week. Is that going to work? Are there people willing to buy 1 or 2 bitcoins (paying through PayPal)? Or is this really not worth it, seeing how everyone seems to be buying now?
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I'm glad to see stores selling items for Bitcoins...but WTF??? The problem is that there is not a complete cycle of bitcoin-accepting industries right now. Eventually, someone has to pay for something in USD (or whatever local currency), so the price of everything up the chain has to be somewhat dependent on the dolla...
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I have a side job working for a technology radio show. I think I just talked them into paying me 10% in BTC. I want some bit coins, but I don't have a mining rig (yet), so I figured this would be a good safe way in getting some. It's secondary income for me anyway, so 10% of secondary income isn't something I need to ...
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Spending money in Dwolla/Liberty Reserve from sold bitcoins. If I transfer money from mtgox to liberty reserve/dwolla, how can I spend it at online retailers such as amazon and newegg? I don't know if online retailers do those sorts of transactions. Personally, I planned to transfer my Dwolla funds to my local bank a...
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Who you gonna believe, them or your lying eyes…
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Can someone help me to get the official Bitcoin client running on Ubuntu 11.04? Hi guys, before april when Ubuntu 11.04 was released my bitcoin client ran like a charm, but since my upgrade (I did a fresh install) i just can't get it to start. I downloaded the tar.gz with binaries from sourceforge, and I added the PPA...
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Headless Miners for the Masses? I'm looking at these quick price drops as gifts. I think the best way to keep this money train rolling is to get as many people involved as possible. 10% or 15% daily pops are going to be commonplace going forward. What is the best way to spread the word and get more people involve...
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Interest in Mining Contracts? I am thinking of buying the last 5970s in stock at a nearby computer store and setting up 2x 3 card mining rigs for a total of ~4.5 Ghash/s (I already have 1 5970 running). How much interest is there in mining contracts? I would be willing to provide half of my hashing power for a month...
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Alternative Bitcoins in a Market of Currencies
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Vancouver Bitcoiners Unite - First Meetup on May 25th
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Can bitcoin be used to get money out of a country? Before we start, I am well aware of the potential legal repercussions of such an act and the problems that this could potentially lead to. However, here is the background (tl;dr for the lazy). I have a friend who lives in Venezuela (I'm in Europe). The country is s...
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Apologies to everyone of the MtRed Miners. Details inside. As most of you are aware, bitcoind failed sometime around 2am Est. causing all miners to not get work for a period of about 8 hours. Since then to prevent further instances, watchdog has been configured to watch over the pool server and its bitcoin related pro...
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Bitcoin is flawed (crosspost) I think that bitcoin is a good idea but there is one major flaw. At first when it was small it was easy for anyone to generate coins but now it's unlikely to get money by mining if you use your cpu. This will allow the people that can afford multiple graphics cards team up and make money ...
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How does a BTC-enabled retailer or service deal with the constantly-changing bitcoin value? For example, suppose I open up a store that accepts bitcoins. Would I have the bitcoin prices change on the fly depending on their market value, or would I set static bitcoin prices and change them whenever I feel is necessary?...
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Is Bitcoin a deflationary currency? Won't it lead people to store their money rather than invest them in productive purposes? > This means that the poor were able to afford more goods than they otherwise would have. This is true to an extent. But the longer they held onto their money, the better off they were. T...
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How to mine in the background with just one graphics card out of 2? Going away for 11 months, thinking of leaving my PC (with an ATI 5850 in it) to my sister. I'm trying to figure out how to keep mining while I'm gone. Basically, my sister just wants to play the sims 3 and watch youtube videos. I'm thinking, I'll put...
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Is the cryptocurrency Bitcoin a good idea? (Quora) I think one should read all if possible, otherwise you're actively seeking positive feedback not a real opinion. I am not an economist but I'm gonna respond to the #1 post... > Bitcoin does not have a central bank capable of printing and lending Bitcoin; it has a...
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What happens when nobody mines anymore? Right now most people are mining for a reward, but what happens when the reward is not profitable enough anymore? I understand that the rewards will not go away completely because of the transactions fees. (Correct me if I'm wrong) Will the transactions start taking ages to go ...
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I'm a small, indie game company. I'm interested in selling games for bitcoins, but do not know how to automate it... Can anyone offer advice? To generate access codes for users, I need a name I can attach the registration code string to. I assume BitCoins will not do that. I could generate game downloads manually,...
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We Should Make a Easy-to-Follow Guide for *Complete* Newbs Before anyone says anything, be aware that [this](http://forum.bitcoin.org/index.php?topic=7269.0) thread is here. A nice guide to Bit Coin is and how to get started. But beyond that, I think we should make a super-simple guide/FAQ for complete newbs. In the ...
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With increased power demand and heat generated for mining, is anyone else waiting for the first accidental "bust" of a miner by drug cops? I'm thinking mining my be the best thing to happen to marijuana growers. You guys are totally going to pollute the police's ability to detect growers based on power consumption and...
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Mining success stories? With the rising value of bitcoins and the recent upsurge in popularity, I'm looking at building a mining rig. So--has anyone here had success, or at least broken even on the hardware for their mining rig? I bought a watercooled 5970 for $420 used. It paid for itself after it found its 2nd ...
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In terms of peertopeerness, privacy, security and usability Bitcoin might actually turn out worse than the present-day real-world legacy banking system. The OP seemed reasonable until the last paragraph. Then he lost a lot of credibility >>In that regard, it reminds a lot the story of BitTorrent. BitTorrent is ...
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Bitcoin: The Digital Currency That Can Change Everything
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New User Questions Hey, all I'm running the guiminer off of my laptop, which is a dell studio 17 with win7 ultimate 64bit, and Intel Mobile Core 2 Duo T9550 @ 2.66GHz, and an ATI Mobility Radeon HD 4500/5100 Series (512 MB). Currently I'm getting about 7 Mhash/sec. Is there any way I can increase this, or am I s...
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The last difficulty increase was 50%, but the next retarget could increase difficulty by as much as a factor of 4. From the wiki article on [retargeting](https://en.bitcoin.it/wiki/Target): *A single retarget never changes the target by more than a factor of 4 either way to prevent large changes in difficulty.* Cons...
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Bitcoin is like a Lottery? Explains stuff perfectly. I'm sure purists find fault, but going into any more depth (eg pools, block signing) is usually for a later question. There's too much focus on the 50 bitcoin bonus. The point is that you get money for running nodes that keep the bitcoin network in operation. ...
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Bitcoin criticism from prior e-currency creator |As far as I can see, nothing. Then maybe you should look harder, as to: 1) whats different about bitcoin 2) why your technology failed 3) why you are such a sour grape >Yes, the CPU usage seems extremely wasteful and it bugs me to. However that in no way affect...
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Just thinking... Hey guys, just a thought... Essentially what we're doing by buying bitcoin is putting money outside our host country's tax jurisdiction into a stored value system / alternate banking system. In the eyes of the authorities, this is probably just like having a hidden Swiss bank account. I'm thinking ...
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Maybe a stupid question: If I back up the whole bitcoin folder onto a flash drive, is that ok for a bitcoin backup? Thanks in advance By default on windows the folder which contains the wallet.dat is in appdata or application data under the current user's profile. It's not in the bitcoin program folder. You can chang...
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Is there a online list of active BTC mining pools? Is there an API planed to log into any of the smaller ones automatically? I've tried googling for a list of BTC mining pools. I'm looking for something providing estimated current size (hashing power) of each mining pool. My reasons are simple: I don't think I'll get...
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Gavin, Bitcoin Lead Developer, Speaks On State of Bitcoin I'm not the owner of that blog. But I think they provided a service by pointing out an interesting thread. Edit: lol. Now I see. Fixed. Uh, lol. Don't know how that happened. Here's the real post: http://www.bitcoinblogger.com/2011/05/gavin-bitcoin-lead-deve...
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BTC Guild - New pool with no fees, funded by donations
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Hipster BTCat just like the popularity of Bitcoin, this post's popularity has exploded within a very small group in internerds (FTFY)
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Anyone have experience with BitCoinService.co.uk? I'm trying an experiment with them selling my eBook at 50% off.
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Hey guys, I work for a company that sells Bump Keys. We will accept bitcoin as payment. Any takers? The easiest way is to simply place your order and select "money order" at checkout. Note in the comments that it's a bitcoin purchase and we'll shoot you the conversion rate for the day and also our wallet id. Everyth...
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Can virtual goods be packaged into bitcoins, or do we need a new protocol for that? If bitcoins are gaining in value, could things like music or video game art assets appreciate too? For instance, I would like to be able to buy an original Thor Hammer from my favorite 3D artist, and I would like to be able to prove th...
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I hope all you Alpaca socks-wearing bastards are happy now! [FTFY]
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The Micro Camera: Now Accepting BitCoins! I agree that it's not as promenant as it could be, but you can find a picture here: http://www.themicrocamera.com/products/The-Micro-Camera.html Current Prices: 4 BTC for 480p, 8 BTC for 720p. The 4GB Memory card is 1 BTC extra, and the velcro / card reader are free. BitCoin...
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Operation Fabulous Interview
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Some mainstream press... It's good to see BitCoin getting press, but the article paints a bleak picture. The author asserts that either it will fail to gain critical traction, will be inherently unstable, or that "unsavory" types of people will use it to their own ends (gambling, drugs, smugglers, etc.). It should be...
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