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About LinkBacksthe price should rise to around 13-15 dollar to compensate for the latest difficulty change.
the price should rise to around 13-15 dollar to compensate for the latest difficulty change.
"should"
1489 daysWe'd like to invite you to reconnect with SETI@home. Our records show that you've been with SETI@home since 08 September 2002, but it's been 1489 days since you last returned a work unit. We want you back...i guess others are suffering
£5.60 now, its creeeeeeping
£6.15 now ooooOooooo
Last edited by MadduckUK; 01-06-2011 at 09:43 PM.
VodkaOriginally Posted by Ephesians
psst... 1BTC = £7.99
psssst... 1BTC = 11.67 i will take 4 of those danke schoen
Last edited by MadduckUK; 03-06-2011 at 02:00 PM.
Vodka
Damm, I sold at the wrong time.
I see deepbit has almost gone critical. Up to 1800Gh/sec now. Difficult is just going to shoot up at the next check.
doesnt matter if the price does what it has done this time, it can get as difficult as it wants
down to 9.60 now, which would have been woooow yesterday, but after the high of today i will hold off selling any more
agh, it /was/ up to £15 but i missed it because i wasn't logged in
Last edited by MadduckUK; 03-06-2011 at 08:07 PM.
Vodka
Price is up to $15.5 again but did hit over $16 overnight.
I've got about 3 BTC now, might just sit tight. Wished I'd have spent some real money on them when they were £4 !
I got my first £20 a while back and have another £25 on the way*. That's paid for the electricity till around the 15th June, having started on the 10th May. I still have nearly 6 bitcoins and they are currently trading for £12 each on Britcoin or around $18 on Mt Gox.
*Got the money from MT gox as Britcoin seems a little more ametueirsh and is full of warnings the site is in an alpha state.
"In a perfect world... spammers would get caught, go to jail, and share a cell with many men who have enlarged their penises, taken Viagra and are looking for a new relationship."
There's an article about BitCoin in this week's New Scientist.
It made me smile when the Tax Man was quoted saying he (she) might be interested where coins were exchanged for hard currency.
... I use now a big vent for the whole machine now, but I cant use it forever, it is my grandma's ventilator...
Why wouldn't the taxman be interested, if you are earning income/profit then you should be taxed at your income / corp tax rate.
Arguably this is currency trading/speculation, and thus would be liable to CGT. Which may be an equivalent rate of tax, I'm just saying
.
Yes me too. I really did consider doing that for a laugh- invest a hundred quid on BTC and then see if I could make anough to buy a 6870 quicker than buying the 6870 and mining the coins. As it turns out, I could have done very easily. I just never quite got round to registering an account with Britcoin- out of sheer laziness more than anything, I can afford to take a £100 punt quite easily. I'm crap at speculation, TBH. Last year after I saw them tipped, I was very close to buying £500 worth of shares in BPC when they were trading at about 4p. I even opened a shares isa; but I lost the pin code they sent me in the mail to activate the account and never got round to asking for another one. They were trading as high as 24p 6 months later though have now fallen back to 16p- still a four-fold profit, and I would have put a stop in at 20p while they were at 24p. Live and learn, I guess.
I'm fascinated by what's happening to Bitcoins now- I wonder how high they'll rise before the bubble pops- and I'm 99% sure it will pop, and fairly soon. This is a classic speculative mania, which will proceed faster than most bubbles because of the sheer ease of trading BTC and the speed at which the news is spreading round the internet. I'm pretty sure that right now, non-geeks who have no idea about how Bitcoins work- and wouldn't care if they did- will be thinking that they'll be missing the boat if they don't buy some. the New Scientist article may well be followed by mainstream media exposure. The price rises we have seen in the last couple of weeks are quite ridiculous, but it could well be that we ain't seen nothing yet.
But then at some point the bubble will pop- it could pop very quickly in fact, at which point Bitcoins will go back to being worth a few pence each, if anything. I'm convinced the things have absolutely no inherent value, and that this is human fallacy at its finest. If so, it'll be quite the purest speculative mania of all time, since the things being speculated upon were quite literally magicked out of the ether by the guy who invented them. Swapping a house or a bag of gold coins for a tulip bulb was complete lunacy, but at least you could plant it and grow a tulip at the end of the day
Still, I'm only in it for (so far) a few quid's worth of electricity, and it'll be fun while it lasts. I'm gonna make sure I keep withdrawing from deepbit, and I'm going to shift the coins on one by one as the price rises, on the basis that it'll be better to make, say, £100 of free money, than hold out for £200 and end up with absolutely nothing when the bubble pops.
I just hope Directhex has internet access on holiday- if I were him I'd at least cash in enough to pay for the graphics cards right now....
Well, I was going to bung £100 in as well, just to see what would happen. Signed up for BritCoin and then was about to deposit money, but didn't realise you put money into someone's bank account for "holding". Maybe I've spent too much time playing Eve and am expecting an Eve Bank type of scam, but I'm not comfortable just giving someone my money. I can really see this "Mr Taaki" just up sticks and leaving once he's sitting on enough money! Is it a similiar sort of process for Mt Gox? Also, I presume the banks load the currency exchange rate as well, so you lose a bit of money that way as well?
erm.. no, not with Britcoin anyway - Its a UK Lloyds TSB account ( set up in Chelmsford actually) im lucky enough to be using a Lloyds account too, so money withdraws are next day for me
trading decimals now rather than whole coins, but the money keeps coming in roughly the same amount, and im making sure that i never have less then 5 in the account, so if it does "take off" i can have a little bit of fun.
Last edited by MadduckUK; 06-06-2011 at 10:29 AM.
Vodka
I was referring to using MT Gox, as it's in Dollars.
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