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Some pieces I cannot put together
I've been reading extensively on bitcoin for the past few days and there are a few holes here and there that I'm trying to understand. So far it makes me believe that this whole mining thing is some sort of elaborated scam. Here is a few unorganized points that are confusing to me. Why are other currencies like litecoin slowly becoming popular and why people want them to become popular? What purpose do litecoin serves that bitcoin doesn't? If the second to bitcoin, a redundant currency like litecoin becomes popular and that people want it to become popular, then what's stop more of those currencies to all becoming popular making each of them just spammy/redundant at the end, don't we only need one of those currencies to serve the purpose of worldwide decentered transactions? The so popular and referred mining hardware comparison sheet gives a list of videocard that are recommended to use. Combined with this calculator people can make some calculations to see if they should invest electricity cost into mining. Now it seems to yield a little free income at the end of the month, all seems well until you investigate further. The power consumption of your videocard shown there is, in the radeon 6850 case, only half of what it truly use at full usage. Now to add to this, I've been mining for more than a day at full power without stopping nor interfering in the process. It tells me I should be making 0.0125 bitcoin a day but I barely made half of that in a bit more than a day, yet I am positive the videocard ran at full strength for the whole process. Now, double electricity cost vs half production, it becomes almost a profitless operation. To this, combined that the current bitcoin value is tenfold what it was 3 months ago, how could it have been profitable back then if it is not right now? Now another suspicious part to me is those 2 websites 12. They offer what every person would ever want, a way to make a lot of money easily. Both of them deliver their products months after purchase and, the 2nd website especially, is selling something that would potentially pays for itself back in less than a month, after which huge profit would come in. How convenient, to sell something that yields huge profit and pays itself back so quickly, better sell than use ourselves right? The first site has sold out, and funnily enough are selling the next batch for 75 bitcoin per... which they could just mine themselves faster than their delivery time, so what's their gain really? Conveniently we have the 2nd website, not sold out, selling something similar to the 1st website, without any pictures of what the behind of their miner looks like, who won't mention anywhere the power consumption of their product but say that it comes with a usb cord, plug and play! That sure not sound fishy at all since the asic counterpart is shown on the comparison sheet as using 600 W, for sure the usb connector hole can output that kind of power right? Hopefully someone can shed some light on all this to the better understanding of least common asked matters, yet quite important for anyone who wants to jump in this... bandwagon... I'm legitimately trying to see things optimistically but so far I only see a few root members trying to scam the entire world by projecting this half legit currency world unto us. Note: sorry for my relatively poor english, I tried putting my thoughts into word as precisely as I could, but I couldn't do it as well as I wish I could.
I'm looking to raise some money to develop a advanced Bitcoin shopping cart system. I'm trying to raise some money so I've compiled a list of helpful links for those of you who use or plan on using Bitcoins. Please donate to my Bitcoin address if you find this list helpful and to help the development of my projects Bitcoin address 18e2MbUAbH7jNpYtY9Qt2WFUZpagCCEaVs
http://wtcr.ca/ -Number one because the ship almost instantly. Rates do tend to me a lot more but you know for sure you are getting what you ordered in a week and a half of less. No BS preordering and mess
http://cointerra.com/ -2th miner for 14k. Best deal, has the most reputable staff, and is more for the customers then themselves
Compile cd cgminer git checkout origin/avalon-usb -b avalon-usb ./autogen.sh --enable-icarus make -j 4 ... Support adjust freq for 100Mhz to 360Mhz,freq value after reset is 360Mhz; 20140519. Avalon3 nano firmware(20140519-8c38877c):first version ; Avalon3 nano test scripts found here:a3233_avalon_usb_testbench.sh; Support adjust freq for 360Mhz to 400Mhz,value after reset is 400Mhz; Include ... Die neue elektronische Währung Bitcoin ist sicher, kostengünstig und komfortabel. Kaufen Sie schnell und günstig mit Bitcoins weltweit ein. Auf Bitcoin.de können Sie Bitcoins kaufen und handeln. LuCI:Update CGMiner setting for Avalon theme; 20151031 . Fix nonce counter for multiple miners; Display ASIC counts as TA in CGMiner status ; Update maximum difficulty for Avalon4 and Avalon6; Update temperature check for Avalon6; Add GHSmm for hash rate comparison; Display PLL information for Avalon6; Turn on nonce check as default for Avalon6; Correct on voltage decode; Enable adjust ... Wissenswertes über Bitcoins Unser Bitcoin Chart zeigt Ihnen den aktuellen Bitcoin Kurs in Euro (Kürzel: BTC und XBT) sowie die Bitcoin Kursentwicklung (Bitcoincharts).Wenn Sie Bitcoins kaufen möchten, können Sie sich hier anmelden.In unseren Bitcoin.de FAQs und in unserem Tutorial "Mein erster Bitcoin" erfahren Sie, wie Sie Bitcoins verkaufen oder kaufen können. Format: ascsetASCN,voltage,value eg: cgminer-api "ascset0,voltage,7000" Frequency; Format: ascsetASCN,frequency,chip id-value eg: cgminer-api "ascset0,frequency,0-450:390:370" /* set all chips work at 450:390:370, about 414 Mhz = (450 * 4 + 390 * 4 + 370) / 9 */ cgminer-api "ascset0,frequency,1-200" /* set chip 1 works at 200 Mhz */ LED . LED OFF ON BLINKING MEMO PWR Check USB cable USB ...
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