Bitcoin mining made easy - Page 31

Bitcoin mining made easy

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BaNa
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Re: Bitcoin mining made easy

Post by BaNa » 14 Feb 2014, 12:45

varikonniemi wrote:
BaNa wrote:I hope you did not go all in at 500 variko
No, not yet because the price is 609 as im writing this. https://bitcoinaverage.com/#USD
yeah thats why i edited cause i was looking at the mtgox price that is now somewhere around 3-400 but had a momentary low of 100
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varikonniemi
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Re: Bitcoin mining made easy

Post by varikonniemi » 14 Feb 2014, 12:58

HUGE NEWS: worlds largest porn company (manwin AKA brazzers AKA pornhub) now accepting bitcoin as payment for their sites!

Hope you have stocked up on those cheap coins! To the moon!
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BaNa
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Re: Bitcoin mining made easy

Post by BaNa » 14 Feb 2014, 13:04

varikonniemi wrote:HUGE NEWS: worlds largest porn company (manwin AKA brazzers AKA pornhub) now accepting bitcoin as payment for their sites!

Hope you have stocked up on those cheap coins! To the moon!
:)

I see bitcoin has the most important bases covered: sex and drugs

Now I am waiting for rock bands to accept bitcoin.
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varikonniemi
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Re: Bitcoin mining made easy

Post by varikonniemi » 14 Feb 2014, 15:21

Is snoop's new album rock enough for you? He wanted to be paid in bitcoins and have the product delivered by drones 8)
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PicassoCT
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Re: Bitcoin mining made easy

Post by PicassoCT » 14 Feb 2014, 15:24

The stones do.
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varikonniemi
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Re: Bitcoin mining made easy

Post by varikonniemi » 14 Feb 2014, 17:08

It seems the panic is over and we are heading to the moon! The average is up to 666 and even gox has rallied.
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BaNa
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Re: Bitcoin mining made easy

Post by BaNa » 14 Feb 2014, 18:01

not directly related, but I got to it reading up on the current silk road 2 debacle:

The original Silk Road dudes investigation documentshave some comedy gold in them :
a. Based on my training and experience, I know that
the website "stackoverflow.com" ("Stack Overflow") is a website
used by computer programmers to post questions about programming
problems and to receive suggested solutions from other
programmers. According to records obtained from Stack Overflow:

i. On March 5, 2012, a user established an
account on Stack Overflow with the username "Ross Ulbricht."
Ulbricht provided the Ulbricht Gmail Account as his emmail
address as part of his registration information.

ii. On March 16, 2012, at approximately 8:39
p.m. PDT, Ulbricht posted a message on the site, titled, "How
can I connect to a Tor hidden service using curl in php?" Based

on my training and experience, I know that refers to a
programming language used for web servers and "curl" refers to a
set of programming commands that can be used in the language.

In the contents of the message, Ulbricht quoted twelve lines of
computer code involving "curl" commands that he stated he was
using "to connect to a Tor hidden service using . . . php," but
he reported the code was generating an error.
Based on my
training and experience, Ulbricht's posting reflects that he was
writing a customized computer code designed for a web server
operating a Tor hidden service, such as Silk Road.
When a user posts a message on Stack

Overflow, the user's username appears along with the post.
However, less than one minute after posting the message
described in the previous paragraph, Ulbricht changed his
username at Stack Overflow from "Ross Ulbricht" to "frosty."

Based on my training and experience, I know that criminals
seeking to hide their identity online will often use

30

pseudonymous usernames to conceal their identity. Thus, given
the timing, I believe that Ulbricht changed his username to
"frosty" in order to conceal his association with the message he
had posted one minute before, given that the posting was
accessible to anyone on the Internet and implicated him in
operating a Tor hidden service.

iv. Several weeks later, Ulbricht changed his
registration e--mail on file with Stack Overflow as well, from
the Ulbricht Gmail Account to "frosty@frosty.com
." According to
iv. I have examined the SSH public
key stored on the Silk Road Web Server that is used to
authenticate administrative logins to the server. The key ends
with the substring "frosty@frosty
." Based on my training and
experience, this means that the administrator of Silk Road has a
computer named "frosty," on which he maintains a user account
also named "frosty," which he uses to log in to the Silk Road
Web Server. Based on my training and experience, I know that
computer users often use the same username for different types
of accounts. Thus, I believe, particularly given the other ties
between "Ross Ulbricht" and described above, that the
Stack Overflow user "Ross Ulbricht," who changed his username to
"frosty" and his e--mail address to is the
same person as the administrator of Silk Road, that is, DPR, who
logs into the Silk Road Web Server from a computer named
"frosty," on which he maintains a user account named "frosty."
first mention of Silk road linked to a profile called "altoid" on multiple forums ->
38. From further reviewing the Bitcoin Talk forum, Agentwl
located another posting on the forum by "altoid," made on
October 11, 2011, approximately eight months after his posting
about Silk Road. In this later posting, made in a separate and
unrelated discussion thread, "altoid" stated that he was looking
for an pro in the Bitcoin community" to hire in connection

with "a venture backed Bitcoin startup company." The posting
directed interested users to send their responses to
"rossulbricht at gmail dot com" -- indicating that "altoid" uses

the email address "rossulbricht@gmail.com" (the "Ulbricht Gmail
Account").
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very_bad_soldier
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Re: Bitcoin mining made easy

Post by very_bad_soldier » 14 Feb 2014, 18:02

Bitcoin-Boi #1: "Bitcoin just doubled its value! It will go to the moon! Buy now while its cheap!"
Bitcoin-Boi #2: "Bitcoin just lost half its value! But it will go to the moon! Buy now while its cheap!"

Whatever is happening, buying bitcoins is always the way to go.
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varikonniemi
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Re: Bitcoin mining made easy

Post by varikonniemi » 14 Feb 2014, 18:12

very_bad_soldier wrote:Bitcoin-Boi #1: "Bitcoin just doubled its value! It will go to the moon! Buy now while its cheap!"
I think you will find it hard to find an example of this here. Don't invent the other side just because it fits your neat idea.

I think i have called an investment opportunity only twice in this long thread. I had strong reasons for both, and they turned out right.

Once we emerge from the panic fully and the confidence settles again, i urge you to take into account the coming changes of v 0.9. It is Bitcoin 2.0. This is the first version that is really targeted for mainstream use. It will also probably fix the transaction malleability problem so it really is something to look forward to and anticipate.
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very_bad_soldier
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Re: Bitcoin mining made easy

Post by very_bad_soldier » 14 Feb 2014, 18:25

varikonniemi wrote:
very_bad_soldier wrote:Bitcoin-Boi #1: "Bitcoin just doubled its value! It will go to the moon! Buy now while its cheap!"
I think you will find it hard to find an example of this here. Don't invent the other side just because it fits your neat idea.
varikonniemi wrote:2 million Bitcoins was recently dumped on the market (there currently only exists 12 million Bitcoins), this plummeted the price from 730 to 450. It recovered to 730 today. We are heading for the moon, it seems.
Just took me about 30 seconds to look into your posts. No idea what else might be in there :)
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varikonniemi
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Re: Bitcoin mining made easy

Post by varikonniemi » 14 Feb 2014, 18:26

And that is an encouragement to purchase? No, it was a statement about the capacity of the markets to absorb a big amount of coins.

Everybody knows it is probably not wise to invest in the middle of a rally, if you don't have a strong feeling for doing so. This is certainly not something you might get from an encouraging post but from devoted research.
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very_bad_soldier
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Re: Bitcoin mining made easy

Post by very_bad_soldier » 14 Feb 2014, 18:34

varikonniemi wrote:And that is an encouragement to purchase? No, it was a statement about the capacity of the markets to absorb a big amount of coins.
Oh ok, sorry, my bad then. For some unknown reason every time you say stuff like "we are heading for the moon!!!11" it feels like you are implying Bitcoins are a good investment.
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varikonniemi
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Re: Bitcoin mining made easy

Post by varikonniemi » 14 Feb 2014, 18:36

I think you are misunderstanding the to the moon! thing :P
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klapmongool
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Re: Bitcoin mining made easy

Post by klapmongool » 14 Feb 2014, 20:51

I totally agree with you vbs. If only someone could be bothered to go back through the last ten pages.
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smoth
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Re: Bitcoin mining made easy

Post by smoth » 14 Feb 2014, 22:26

very_bad_soldier wrote:"we are heading for the moon!!!11"
It is pretty much a joke man..
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Cheesecan
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Re: Bitcoin mining made easy

Post by Cheesecan » 15 Feb 2014, 13:51

How does mtgox work? Do they transfer bitcoins into your private wallet when you buy from them, or do they hold the coins in their own virtual wallet?

If it goes into your private wallet, what is keeping someone from buying on mtgox @ 325 USD and selling @675 USD on one of the other exchanges? That's a 100% spread..
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knorke
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Re: Bitcoin mining made easy

Post by knorke » 15 Feb 2014, 15:52

varikonniemi wrote:HUGE NEWS: worlds largest porn company (manwin AKA brazzers AKA pornhub) now accepting bitcoin as payment for their sites!
Hope you have stocked up on those cheap coins! To the moon!
This might actually work a bit. Realistically hardly anybody pays for porn online but many people might have those funny bitcoins floating around and might want to actually try them out?

Found this screenshot that supposedly shows how Mt.Gox started:
http://i.imgur.com/vlKihqr.jpg
No idea if it is fake, and yes it is since been sold blabla; still funny example how BTC on one side has rather clever system but on other side also rather silly people. Also see the "Ross Ulbricht" post by BaNa.
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cheapsheep
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Re: Bitcoin mining made easy

Post by cheapsheep » 15 Feb 2014, 16:07

Cheesecan wrote:If it goes into your private wallet, what is keeping someone from buying on mtgox @ 325 USD and selling @675 USD on one of the other exchanges? That's a 100% spread..
It does not go into your private wallet. It only goes there when you do a "bitcoin withdrawal".
https://www.mtgox.com/img/pdf/20140215- ... nsfers.pdf

~ 100% spread is an indication of the faith people have in being able to withdraw BTC from mtgox. In this case arbitrage is not about managing efficiency between exchange, it is about managing risk.
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varikonniemi
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Re: Bitcoin mining made easy

Post by varikonniemi » 15 Feb 2014, 18:17

This is funny since they today published a press release saying that also Bitcoin deposits will go down since they upgrade the system to enable the withdrawals.

In other news: Bank of Thailand Changes Stance, Bitcoin Trading Reopens
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Cheesecan
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Re: Bitcoin mining made easy

Post by Cheesecan » 15 Feb 2014, 20:14

So mtgox and others exchanges "keep" your bitcoins locked away from your private wallet?

What is the point of having a private wallet with your address and block history saying you own x BTC if they are going to keep your balance stored in a database somewhere?
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