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Thread: The Bitcoin Tracking Thread

  1. #311
    Rebel Without a Clue sirgonzo420's Avatar
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    Re: The Bitcoin Tracking Thread

    Quote Originally Posted by Jewboo View Post
    The most popular bitcoin exchange, Tokyo-based Mt.Gox announced overnight that it had been the victim of a hacking attack after experiencing a severe lag with its systems. The complications meant the price quickly sank to below $115 before regaining ground to $130 by 6.00 a.m. London time on Thursday, according to Bitcoincharts.com.

    Linky

    DDOS is a pain.

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  2. #312
    Chatmaster Flash vacuum's Avatar
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    Re: The Bitcoin Tracking Thread

    Quote Originally Posted by sirgonzo420 View Post
    DDOS is a pain.
    Probably some guy who is attempting to drive down the price of bitcoins so he can buy a bunch.

  3. #313
    Brew Guru
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    Re: The Bitcoin Tracking Thread

    perhaps it time to change the name of the forum to bitcoin-litecoin.us.
    By way of decoction, thou shalt do wort.

  4. The Following 3 Users Say Thank You to BrewTech For This Useful Post:

    AndreaGail (6th April 2013),Blink (6th April 2013),madfranks (5th April 2013)

  5. #314
    Chatmaster Flash vacuum's Avatar
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    Re: The Bitcoin Tracking Thread

    Here's a place where you can buy and sell bitcoins locally:
    https://localbitcoins.com/




    And here's the sound of change taking place:
    http://www.listentobitcoin.com/

  6. #315
    .999 Unobtanium Horn's Avatar
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    Re: The Bitcoin Tracking Thread

    The program is set up so that there will be 21 million mined Bitcoins by 2140, and then it stops (there are about 11 million Bitcoins in circulation today)
    What happens when they hit the magic ceiling, do they all self-destruct?

    Miners will be forced to reduce their work hours shortly, to span their lifespan.
    Donald J. Trump IS our very first Black U.S. President

  7. #316
    Unobtanium Shami-Amourae's Avatar
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    Re: The Bitcoin Tracking Thread

    The algorithms make it mathematically impossible to create any more coins. The more coins that are found, the more difficult they are to find.

    Basically if you mined Bitcoins 3 years ago you'd discover more with the same computing power than if you did today, since the difficulty has increased since then.

  8. #317
    .999 Unobtanium Horn's Avatar
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    Re: The Bitcoin Tracking Thread

    Quote Originally Posted by Shami-Amourae View Post
    The algorithms make it mathematically impossible to create any more coins.
    Booo, They should then at some interval start reversing themselves to de-mine at random, so you have to spend it before it destructs.

    or they turn into to butterfly bitcoins after being cocooned until another one is created in their image.

    Why do I have all the better ideas?

  9. #318
    Platinum Uncle Salty's Avatar
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    Re: Mining hardware comparison

    Imagine what the CIA/Rothschilds/NSA bit mining rig looks like.

    Heck, they could mine the crap out of bitcoins and play pump and dump.
    Voting is the opium of the masses.

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    mick silver (8th April 2013)

  11. #319
    Moderator madfranks's Avatar
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    Re: Mining hardware comparison

    I wonder if this guy will find any takers...

    Silver Dime Rolls for Bitcoins
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
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  12. #320
    Iridium
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    Re: Mining hardware comparison

    Quote Originally Posted by madfranks View Post
    I wonder if this guy will find any takers...

    Silver Dime Rolls for Bitcoins
    I'd jump on that. Imagine, what is better 150 silver dimes or .75 bitcoin, don't pass that up madfranks....that guy has no clue about silver anyway.
    life is good.

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