How the Internet Archive is having a great time with Bitcoin(blog.archive.org) |
How the Internet Archive is having a great time with Bitcoin(blog.archive.org) |
Plus the wayback machine is super cool!
I really like how they quickly and smoothly accepted bitcoins. They truly listen and understand the Internet.
GPU mining is the traditional and the best way.
The thing is, if you have a very bad GPU you might not make any profit. The electrial costs are going to be a pain in that case.
If you have a fairly decent GPU, you can still mine and shine but expect a really low profit. If you aren't worried about the electrial costs ( as GPU is running 100% 24/7 ) then you could mine very well.
If you really want to know how much exactly you could mine
Use a manual calucaltor - https://tpbitcalc.appspot.com/
OR
Run a Miner http://bitminter.com/ ( Run the pool's miner for few minutes, it would calcuate an estimate for you )
For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month.
ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.
Is bitinstant still cool?
edit1: Okay, MT Gox seems to be having some server problems, but things are going...slowly.
edit2: Mt Gox really wants my driver's license? This seems...not to be something that is a good idea. Should I really give them my driver's license?
(That is to say, I trust them long enough to do the exchange, and then I transfer the bitcoins to my private offline wallet as soon as possible. And you should too.)
http://www.bitcoinbeginner.com
If you (or anyone else) would like a free copy of the book, email me: john@bitcoinbeginner.com
MtGox will take weeks to actually get working.
1. Go to Co-op and buy some UCash for cash 2. Exchange UCash to Bitcoins at https://btc-e.com/
Clearly the latter must trump the former at some price. I think that price may be well below the $/BTC exchange rate today.
The price will be $300/BTC by next week and $3000/BTC by next year.
EDIT: I meant in general, not just for bitcoin.
That value definitely would be calculated based on the present value.
I've heard it's more profitable to mine Litecoin then convert to BTC at this point.
Here is the thing, after BTC's success many such online digital currency came into existence.
As soon as BTC gets enough traction, there would be some regulation to handle the growing digital currencies. There are chances that not every such currecny would grow like BTC did. So putting time in mining should be well calculated. If you think LTC would grow then go for it, but if not then no point putting time and money in mining for it. Better mine, earn, sell off and move on.
I was thinking after the current year I could start using stuff like that one XKCD comic that predicts the future based on stupid stuff people google search for.[0]
EDIT: Oh yeah, I forgot to say what it did with the event. It just displays it somewhere on screen, like in the top corner or something.
Looks like my first prediction wasn't such a long shot, eh?
During their first week of operation they paid out 3860 BTC (~$480,000) spread over 163,964 shares. [1]
[1] https://bitcointalk.org/index.php?topic=99497.msg1568242#msg...
In practice, miners might even be a little generous in their estimates (because they are self-selecting).
And more importantly, the risk is reduced. If BTC tanks, the manufacturer will have already cashed out. If BTC goes up, the manufacture will have lost some potential profits, but will still have made a decent amount.