5,521 Bitcoins ?.. This is why there will be a crackdown on their use. - Page 2 - GoFuckYourself.com

seeandsee · 03-23-2013, 06:44 AM

Show chart
Last price:$67.22000
High:$73.39000
Low:$52.34560 <------- trololololollllll

Gambling whit your real money on this shit, crazy!

dyna mo · 03-23-2013, 06:48 AM

Quote:

Originally Posted by L-Pink

I'm trying to think of a legitimate reason an honest Canadian citizen would be worried about having the Canadian authorities seizing his bank accounts ??? Sorry still can't come up with one.

.

ok, got it, you've made up your mind about bitcoins and canadians.

i'm still observing both............

k0nr4d · 03-23-2013, 06:54 AM

It's hard enough to sell a house, let alone sell one for fucking bit coins...

woj · 03-23-2013, 07:03 AM

Quote:

Originally Posted by seeandsee

Show chart
Last price:$67.22000
High:$73.39000
Low:$52.34560 <------- trololololollllll

Gambling whit your real money on this shit, crazy!

2x the volatility of penny stocks = twice as fun

AdultPornMasta · 03-23-2013, 09:07 AM

Quote:

Originally Posted by woj

2x the volatility of penny stocks = twice as fun

And so much money to be made........................................

Look at Bitcons like this:

You get a domain for porn, you buy content, you build the website, you buy traffi; you spend $1500 or so, you run some SEO hoping to get around the Animal Updates from the Big G and then you wait.

What is the worst thing that could happen?

You get nothing.

What is the best thing that could happen?

You get a few signups, lots of chargebacks from sexually repressed masurbators and maybe a few bucks left over.

With bitcoins you spend $1500 or so on hardware, hook it up to a reasonably good computer, install the software, turn it on and let it mine away.

What is the worst that could happen?

Bitcoins crashes and becomes worth nothing.

Your mining operation goes to shit and you get little or nothing.

What is the best that could happen?

Your hardware mines 5-7 bitcoins a day, you monitor things from time to time to make sure everything is working as it should, you tell Google to go fuck itself, you convert them to cash and go to the beach foa a week and have a nice life.

I'd rather put the $1500 into a Bitcoin mining operation.

L-Pink · 03-23-2013, 09:16 AM

Quote:

Originally Posted by AdultPornMasta

Your hardware mines 5-7 bitcoins a day, you monitor things from time to time to make sure everything is working as it should, you tell Google to go fuck itself, you convert them to cash and go to the beach foa a week and have a nice life.

I'd rather put the $1500 into a Bitcoin mining operation.

So everyone on the planet can make 5-7 bitcoins a day? Why not triple up and have everyone make 15-21 per day? Sounds more like a circle jerk to me. Imagine the value of the euro or dollar if everyone made 5-7 copies or more of a $100 dollar bill each day.

.

mayabong · 03-23-2013, 09:19 AM

Quote:

Originally Posted by L-Pink

So everyone on the planet can make 5-7 bitcoins a day? Why not triple up and have everyone make 15-21 per day? Sounds more like a circle jerk to me. Imagine the value of the euro or dollar if everyone made 5-7 copies or more of a $100 dollar bill each day.

.

It depends on how much computing power you have. There is a hard limit of 21 million bitcoins and it is set to inflate about about 25 bitcoins every 10 minutes. In four years it will be 12.5 every 10 minutes and so on. Eventually there will be no more.

L-Pink · 03-23-2013, 09:22 AM

Quote:

Originally Posted by mayabong

It depends on how much computing power you have. There is a hard limit of 21 million bitcoins and it is set to inflate about about 25 bitcoins every 10 minutes. In four years it will be 12.5 every 10 minutes and so on. Eventually there will be no more.

But marion just said I can make $300-$500 every day at current value on a $1,500 investment.

.

mayabong · 03-23-2013, 09:24 AM

Quote:

Originally Posted by L-Pink

But marion just said I can make $300-$500 every day on a $1,500 investment.

.

Some people are making somewhere around that right now yes.

L-Pink · 03-23-2013, 09:25 AM

Quote:

Originally Posted by mayabong

Some people are making somewhere around that right now yes.

Are you?

dyna mo · 03-23-2013, 09:26 AM

Quote:

Originally Posted by AdultPornMasta

And so much money to be made........................................

Look at Bitcons like this:

You get a domain for porn, you buy content, you build the website, you buy traffi; you spend $1500 or so, you run some SEO hoping to get around the Animal Updates from the Big G and then you wait.

What is the worst thing that could happen?

You get nothing.

What is the best thing that could happen?

You get a few signups, lots of chargebacks from sexually repressed masurbators and maybe a few bucks left over.

With bitcoins you spend $1500 or so on hardware, hook it up to a reasonably good computer, install the software, turn it on and let it mine away.

What is the worst that could happen?

Bitcoins crashes and becomes worth nothing.

Your mining operation goes to shit and you get little or nothing.

What is the best that could happen?

Your hardware mines 5-7 bitcoins a day, you monitor things from time to time to make sure everything is working as it should, you tell Google to go fuck itself, you convert them to cash and go to the beach foa a week and have a nice life.

I'd rather put the $1500 into a Bitcoin mining operation.

why do people talk out of their ass like this?

i'm not the sharpest tool in the shed, just a tool, but even i can google something and get an idea before i post

http://www.bitcoinx.com/profit/

AdultPornMasta · 03-23-2013, 09:27 AM

Quote:

Originally Posted by L-Pink

So everyone on the planet can make 5-7 bitcoins a day? Why not triple up and have everyone make 15-21 per day?.

Only the smart ones.

Why not triple up? The right computer and a decent internet connection could run multiple instances of the hardware.

AdultPornMasta · 03-23-2013, 09:30 AM

Quote:

Originally Posted by dyna mo

why do people talk out of their ass like this?

i'm not the sharpest tool in the shed, just a tool, but even i can google something and get an idea before i post

http://www.bitcoinx.com/profit/

Enter the current Bitcoin price into the calculator and hit "Calculate". Don't let your jaw hit the floor though.

L-Pink · 03-23-2013, 09:34 AM

dyna mo · 03-23-2013, 09:52 AM

Quote:

Originally Posted by AdultPornMasta

Enter the current Bitcoin price into the calculator and hit "Calculate". Don't let your jaw hit the floor though.

jesus fucking christ1

srsly?

wow.

aren't you the same as notinmybackyard dude? thought i saw that somewhere/

BlackCrayon · 03-23-2013, 10:00 AM

Quote:

Originally Posted by dyna mo

jesus fucking christ1

srsly?

wow.

aren't you the same as notinmybackyard dude? thought i saw that somewhere/

no, its not the same person. this is that sallyrand weirdo.

and sally, if you really want to go balls to wall get botnet software and use all the unsecured computers out there to do the mining for you.

dyna mo · 03-23-2013, 10:04 AM

here's a nice graphic from someone who knows how to input data into a calculator

Quote:

Originally Posted by BlackCrayon

no, its not the same person. this is that sallyrand weirdo.

and sally, if you really want to go balls to wall get botnet software and use all the unsecured computers out there to do the mining for you.

oh i thought that was the same dude.

dyna mo · 03-23-2013, 10:19 AM

ASIC rigs are about to dominate the bitcoin mining world.

An application-specific integrated circuit, or ASIC /ˈeɪsɪk/, is an integrated circuit (IC) customized for a particular use, rather than intended for general-purpose use.

Will these ASICs make me rich?

If you have done some calculations and have come up with numbers indicating you will be making over 9000% profit your first month, there's a good chance you may be missing something or don't understand how Bitcoins work. After reading this quick FAQ, you should do some more research on Bitcoins, how they started, how they are created and what ASIC's will mean for Bitcoin miners.

Bitcoins are "minted" at a predetermined rate which is roughly one block every 10 minutes. Just because you might now have a 4500MH/s Jalapeno does not mean you'll be making $1500+ per day/week/month. You may now be mining at 60GH/s or higher, but the network hashrate (the amount of mining across the entire Bitcoin network) may now be up in the hundreds of terahashes per second (until now, you've probably been mining in megahashes). In order to moderate the network hashrate to maintain the predetermined minting rate of one block every 10 minutes, there is a variable called difficulty. When the network hashrate goes up, the difficulty adjusts to keep the mining speed at that predetermined rate (similarly, if a whole lot of miners suddenly stopped mining resulting in the network hashrate dropping, the difficulty would drop accordingly). Difficulty adjusts every 2016 blocks.

What does this mean for you?

Using current figures, a Single SC at the current network hashrate (20.192TH/s as at 13 Jan 13) with 25 Bitcoins (BTC) mined per block, you could expect approximately USD$3670/month. BUT ... the network hashrate will be much higher once ASICs hit the mining scene so taking that into consideration, we should factor in a jump of difficulty to cater for the increased hashrate of 1000% (10x) in the short term. Current price (MTGox) for BTC is USD$14.14 (rounded). So, using that information, and for estimation purposes a conservative flat rate of USD13 per BTC, a safe assumption to make when working out your mining returns is USD6 per month per GH/s (@ 13 Jan 13)

Maximum income per month for the BFL ASICs (using the above) with no overclocking and ZERO power costs in USD is would therefore be around the following:
Jalapeno - $27/mth
"Little" Single - $180/mth
Single - $360/mth
Minirig - $9000/mth

Bear in mind these are laboratory examples (i.e. in a perfect and controlled world) and your returns may not necessarily be this high. These values will definitely fluctuate daily as the market value of BTC fluctuates and hashrates/difficulty changes. If you want to run your own calculations check out many of the BTC calculators online ranging from simple to complex. Here's an example to start you off: http://bitcoinx.com/profit/

What if you got the difficulty wrong above?

It's true there's no real way to predict what difficulty will be a week, month or year after ASIC's hit the network. This table should therefore give you an indication of what you could possibly expect in a perfect world if you were mining at difficulty rates of current, 10, 15, 20, 25, 30, 35 & 40 times the current rate (3249550) per 24hr. You certainly shouldn't expect the current (x1) rates to be acheived unless you're lucky enough to get hold of your ASIC in first 24/48hrs of being available (so make the most of it if you do).

This table does not include power consumption or payback of any investment made to purchase your device(s).

mayabong · 03-23-2013, 10:23 AM

Quote:

Originally Posted by dyna mo

ASIC rigs are about to dominate the bitcoin mining world.

An application-specific integrated circuit, or ASIC /ˈeɪsɪk/, is an integrated circuit (IC) customized for a particular use, rather than intended for general-purpose use.

Will these ASICs make me rich?

If you have done some calculations and have come up with numbers indicating you will be making over 9000% profit your first month, there's a good chance you may be missing something or don't understand how Bitcoins work. After reading this quick FAQ, you should do some more research on Bitcoins, how they started, how they are created and what ASIC's will mean for Bitcoin miners.

Bitcoins are "minted" at a predetermined rate which is roughly one block every 10 minutes. Just because you might now have a 4500MH/s Jalapeno does not mean you'll be making $1500+ per day/week/month. You may now be mining at 60GH/s or higher, but the network hashrate (the amount of mining across the entire Bitcoin network) may now be up in the hundreds of terahashes per second (until now, you've probably been mining in megahashes). In order to moderate the network hashrate to maintain the predetermined minting rate of one block every 10 minutes, there is a variable called difficulty. When the network hashrate goes up, the difficulty adjusts to keep the mining speed at that predetermined rate (similarly, if a whole lot of miners suddenly stopped mining resulting in the network hashrate dropping, the difficulty would drop accordingly). Difficulty adjusts every 2016 blocks.

What does this mean for you?

Using current figures, a Single SC at the current network hashrate (20.192TH/s as at 13 Jan 13) with 25 Bitcoins (BTC) mined per block, you could expect approximately USD$3670/month. BUT ... the network hashrate will be much higher once ASICs hit the mining scene so taking that into consideration, we should factor in a jump of difficulty to cater for the increased hashrate of 1000% (10x) in the short term. Current price (MTGox) for BTC is USD$14.14 (rounded). So, using that information, and for estimation purposes a conservative flat rate of USD13 per BTC, a safe assumption to make when working out your mining returns is USD6 per month per GH/s (@ 13 Jan 13)

Maximum income per month for the BFL ASICs (using the above) with no overclocking and ZERO power costs in USD is would therefore be around the following:
Jalapeno - $27/mth
"Little" Single - $180/mth
Single - $360/mth
Minirig - $9000/mth

Bear in mind these are laboratory examples (i.e. in a perfect and controlled world) and your returns may not necessarily be this high. These values will definitely fluctuate daily as the market value of BTC fluctuates and hashrates/difficulty changes. If you want to run your own calculations check out many of the BTC calculators online ranging from simple to complex. Here's an example to start you off: http://bitcoinx.com/profit/

What if you got the difficulty wrong above?

It's true there's no real way to predict what difficulty will be a week, month or year after ASIC's hit the network. This table should therefore give you an indication of what you could possibly expect in a perfect world if you were mining at difficulty rates of current, 10, 15, 20, 25, 30, 35 & 40 times the current rate (3249550) per 24hr. You certainly shouldn't expect the current (x1) rates to be acheived unless you're lucky enough to get hold of your ASIC in first 24/48hrs of being available (so make the most of it if you do).

This table does not include power consumption or payback of any investment made to purchase your device(s).

The Jalapeno makes about 20 bucks a day now with teh increased price I believe. The difficulty supposed to rise by 30% tomorrow so you will get 30% less coins.

dyna mo · 03-23-2013, 10:27 AM

Quote:

Originally Posted by mayabong

The Jalapeno makes about 20 bucks a day now with teh increased price I believe. The difficulty supposed to rise by 30% tomorrow so you will get 30% less coins.

i was just checking that out!

03-23-2013, 06:44 AM	#51
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	Show chart Last price:$67.22000 High:$73.39000 Low:$52.34560 <------- trololololollllll Gambling whit your real money on this shit, crazy! __________________ BUY MY SIG - 50$/Year Contact here

03-23-2013, 06:54 AM	#53
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,228	It's hard enough to sell a house, let alone sell one for fucking bit coins... __________________ Mechanical Bunny Media Mechbunny Tube Script \| Mechbunny Webcam Aggregator Script \| Custom Web Development

03-23-2013, 09:34 AM	#64
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151

03-23-2013, 10:19 AM	#68
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,873	ASIC rigs are about to dominate the bitcoin mining world. An application-specific integrated circuit, or ASIC /ˈeɪsɪk/, is an integrated circuit (IC) customized for a particular use, rather than intended for general-purpose use. Will these ASICs make me rich? If you have done some calculations and have come up with numbers indicating you will be making over 9000% profit your first month, there's a good chance you may be missing something or don't understand how Bitcoins work. After reading this quick FAQ, you should do some more research on Bitcoins, how they started, how they are created and what ASIC's will mean for Bitcoin miners. Bitcoins are "minted" at a predetermined rate which is roughly one block every 10 minutes. Just because you might now have a 4500MH/s Jalapeno does not mean you'll be making $1500+ per day/week/month. You may now be mining at 60GH/s or higher, but the network hashrate (the amount of mining across the entire Bitcoin network) may now be up in the hundreds of terahashes per second (until now, you've probably been mining in megahashes). In order to moderate the network hashrate to maintain the predetermined minting rate of one block every 10 minutes, there is a variable called difficulty. When the network hashrate goes up, the difficulty adjusts to keep the mining speed at that predetermined rate (similarly, if a whole lot of miners suddenly stopped mining resulting in the network hashrate dropping, the difficulty would drop accordingly). Difficulty adjusts every 2016 blocks. What does this mean for you? Using current figures, a Single SC at the current network hashrate (20.192TH/s as at 13 Jan 13) with 25 Bitcoins (BTC) mined per block, you could expect approximately USD$3670/month. BUT ... the network hashrate will be much higher once ASICs hit the mining scene so taking that into consideration, we should factor in a jump of difficulty to cater for the increased hashrate of 1000% (10x) in the short term. Current price (MTGox) for BTC is USD$14.14 (rounded). So, using that information, and for estimation purposes a conservative flat rate of USD13 per BTC, a safe assumption to make when working out your mining returns is USD6 per month per GH/s (@ 13 Jan 13) Maximum income per month for the BFL ASICs (using the above) with no overclocking and ZERO power costs in USD is would therefore be around the following: Jalapeno - $27/mth "Little" Single - $180/mth Single - $360/mth Minirig - $9000/mth Bear in mind these are laboratory examples (i.e. in a perfect and controlled world) and your returns may not necessarily be this high. These values will definitely fluctuate daily as the market value of BTC fluctuates and hashrates/difficulty changes. If you want to run your own calculations check out many of the BTC calculators online ranging from simple to complex. Here's an example to start you off: http://bitcoinx.com/profit/ What if you got the difficulty wrong above? It's true there's no real way to predict what difficulty will be a week, month or year after ASIC's hit the network. This table should therefore give you an indication of what you could possibly expect in a perfect world if you were mining at difficulty rates of current, 10, 15, 20, 25, 30, 35 & 40 times the current rate (3249550) per 24hr. You certainly shouldn't expect the current (x1) rates to be acheived unless you're lucky enough to get hold of your ASIC in first 24/48hrs of being available (so make the most of it if you do). This table does not include power consumption or payback of any investment made to purchase your device(s).