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Please sticky: U.S.A. Suicide Hotline 1-800-273-TALK (8255). Remember, it's just money. (self.Bitcoin)
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Feb 25, 2014 05:05
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There won't be a bail out for Mt. Gox. It will simply fail as a company. Right now, their failure is taking a hit on the overall market. But you know what? Anyone who wasn't a customer of Mt. Gox still has their full amount of bitcoins. Nobody is being robbed to bail out an incompetent company. The only losers here are Mt. Gox and those who voluntarily chose to do business with them.
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Feb 25, 2014 05:05
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so, good day all around then
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Feb 25, 2014 05:05
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BanjoFish posted:List of Mt. Gox shills and idiots who ruined their reputation (self.Bitcoin) i'm spurtin here
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Feb 25, 2014 05:06
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After all of this happening, BTC is still yielding a hell of a return for initial investors.
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Feb 25, 2014 05:08
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FCKGW posted:There won't be a bail out for Mt. Gox. It will simply fail as a company. fygm will never die
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Feb 25, 2014 05:08
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killhamster posted:i'm spurtin here so many people cumming, its like were playing a game of soggy bitcoin
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Feb 25, 2014 05:09
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Misandrist Duck posted:Please sticky: U.S.A. Suicide Hotline 1-800-273-TALK (8255). Remember, it's just money. (self.Bitcoin) i came too
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Feb 25, 2014 05:09
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salisbury shake posted:After all of this happening, BTC is still yielding a hell of a return for initial investors. drat right, my laffs are up 1000x
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Feb 25, 2014 05:10
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Misandrist Duck posted:Please sticky: U.S.A. Suicide Hotline 1-800-273-TALK (8255). Remember, it's just money. (self.Bitcoin)
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Feb 25, 2014 05:10
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good grief. where is DAT NIGGA HOW? i need his take on this latest news before i commit my meagre savings to BTC.
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Feb 25, 2014 05:10
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Boxturret posted:of course NOW they care that roger "Bitcoin Jesus" ver was a convicted felon Get out the Bitcrosses!
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Feb 25, 2014 05:12
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i was all ready to say those "leaked slides" were fakes but with mtgox deleting their tweets and taking the site completely offline i just don't know anymore watching the bitcoin community go all donner party is pretty loving awesome, though
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Feb 25, 2014 05:12
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infernal machines posted:good grief. where is DAT NIGGA HOW? plz don't tell me you or anyone else thinks MLR and how are anything but alts people troll with
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Feb 25, 2014 05:13
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how!!...!
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Feb 25, 2014 05:13
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A Pinball Wizard posted:plz don't tell me you or anyone else thinks MLR and how are anything but alts people troll with i want to see him do it though. it's like baiting shaggar or fishmech. and sometimes you get a twofer ... phrasing
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Feb 25, 2014 05:15
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Heresiarch posted:watching the bitcoin community go all donner party is pretty loving awesome, though there's a lot of fat, but when they're done it'll be the lean muscle and bone of the true believers that remains.
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Feb 25, 2014 05:16
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MTGOX dies and the price goes up. (self.Bitcoin) submitted 7 minutes ago by maxrichington Are we in the twilight zone? I loving love you, Bitcoin.
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Feb 25, 2014 05:22
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Robawesome posted:maxrichington mods
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Feb 25, 2014 05:23
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quote:So where did the coins go? (self.Bitcoin) quote:Why aren't there any Japanese lawyers advertising their services on here for a class action lawsuit? (self.Bitcoin) quote:So where is the Bitcoin? (self.Bitcoin)
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Feb 25, 2014 05:23
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Mining Experiment: Running 600 Servers for a Year Yields 0.4 Bitcoin February 24th, 2014By: Rich Miller Online backup provider iDrive (mascot shown above) conducted an experiment in which it used 600 quad-core servers to mine for Bitcoin. The result: Stick with custom ASICs. (Image: iDrive) Can data centers tap unused server capacity to mine for Bitcoins? The question occurred to the team at the online backup service iDrive, which performs most of its customer backup jobs overnight, leaving its 3,000 quad-core servers idle for much of the day. So the company ran a test with 600 servers to see whether Bitcoin mining could become a secondary revenue stream. The result: running Bitcoin mining software on those 600 quad-core servers for a year would earn about 0.43 Bitcoin, worth a total return of about $275.08 at current prices on major Bitcoin exchanges. “Its a waste of time, so any other company thinking about mining with their infrastructure, learn from us,” said iDrive’s Matthew Harvey. “Don’t do it. You need custom machines to effectively mine bitcoins and generate a real ROI.” The iDrive test-drive reinforced a common theme on Bitcoin mining forums: To earn money by mining, you need to invest in highly-customized computers using ASICs (Application Specific Integrated Circuits) to crunch data for creating and tracking bitcoins. Bitcoin is sometime referred to as the “Internet of money,” a platform using cryptography and software to offer an alternative currency and payment-tracking system. At its heart is a huge distributed computing network that verifies each transaction. Participants in this online ledger are rewarded with new bitcoins, which are issued about every 10 minutes. Miners Upgrade to Powerful Hardware Over the past year, the computing power supporting the bitcoin network has soared. The cryptocurrency is now supported by a powerful global network backed by 150,000 petaflops per second of computing power, roughly 600 times the combined power of the all the supercomputers in the Top500 list. Practitioners of Bitcoin mining – the term for using data-crunching computers to earn newly-issued virtually currency – are adopting more powerful hardware, pooling their efforts and seeking to slash their power bills. Most serious Bitcoin miners have graduated from CPUs and GPUs to specialized chips such as FPGAs (Field Programmable Gate Arrays) or ASICs that can be optimized for specific workloads. This has led to the emergence of a new class of hardware vendors selling custom hardware for bitcoin mining. The horsepower required to succeed in Bitcoin is highlighted by the iDrive simulation, which used 600 servers. “Our study projected a year of mining at 100 percent processing power 24/7 and the assumption that the difficulty of mining (the calculating of hashes) would increase linearly,” iDrive noted in a blog post describing its experiment. “In the end, we learned a lot about the interesting process of bitcoin mining, however, for us, the pros did not outweigh the cons. So, IDrive decided to stick with that we do best.” They’re not the only ones who’ve contemplated repurposing powerful equipment to pursue cryptocurrency, The 4,000-core Odyssey supercomputer at Harvard was secretly used to mine Dogecoin, the ironic virtual currency used primarily for online tipping. The covert miner has had their computing privileges at the university suspended.
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Feb 25, 2014 05:24
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http://blog.blockchain.info/2014/02/25/joint-statement/ Joint Statement Regarding MtGox Posted on February 25, 2014 by Blockchain Team For immediate distribution: February 24th, 2014 — 10:00 PM ET The purpose of this document is to summarize a joint statement to the Bitcoin community regarding Mt.Gox. This tragic violation of the trust of users of Mt.Gox was the result of one company’s abhorrent actions and does not reflect the resilience or value of bitcoin and the digital currency industry. There are hundreds of trustworthy and responsible companies involved in bitcoin. These companies will continue to build the future of money by making bitcoin more secure and easy to use for consumers and merchants. As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today. We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfill the promise that bitcoin offers as the future of payment in the Internet age. In order to re-establish the trust squandered by the failings of Mt. Gox, responsible bitcoin exchanges are working together and are committed to the future of bitcoin and the security of all customer funds. As part of the effort to re-assure customers, the following exchanges will be coordinating efforts over the coming days to publicly reassure customers and the general public that all funds continue to be held in a safe and secure manner: Coinbase, Kraken, BitStamp, Circle, and BTC China. We strongly believe in transparent, thoughtful, and comprehensive consumer protection measures. We pledge to lead the way. Bitcoin operators, whether they be exchanges, wallet services or payment providers, play a critical custodial role over the bitcoin they hold as assets for their customers. Acting as a custodian should require a high-bar, including appropriate security safeguards that are independently audited and tested on a regular basis, adequate balance sheets and reserves as commercial entities, transparent and accountable customer disclosures, and clear policies to not use customer assets for proprietary trading or for margin loans in leveraged trading. It does not appear to any of us that MtGox followed any these essential requirements as a financial services provider. The following industry leaders stand by this statement: Fred Ehrsam — Co-founder of Coinbase Jesse Powell — CEO of Kraken Nejc Kodrič — CEO of Bitstamp.net Bobby Lee — CEO of BTC China Nicolas Cary — CEO of Blockchain.info Jeremy Allaire — CEO of Circle
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Feb 25, 2014 05:25
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Gox horror story thread - How much did you lose? (self.Bitcoin) submitted 16 minutes ago by CC_EF_JTF [–]wazav80 1 point 1 minute ago 8.33 [–]mrtuna 2 points 5 minutes ago Thirteen btc that i bought in April  [–]grapistx2014 1 point 8 minutes ago .164 BTC Funny thing, I forgot I had any BTC in my account. I had received an email from MtGox about my account being login from the Netherlands. I thought as a lovely surprise. Unfortunately or fortunately, it went down the drain, not upset over it. Glad it went this way. [–]Magisk 3 points 8 minutes ago About 1000 coins [–]getsomeawe 1 point 8 minutes ago $200 initial investment - approx 7.5 btc [–]biT-Rich 1 point 9 minutes ago $.087 [–]dsf190 1 point 10 minutes ago 7.4 BTC [–]key2 4 points 11 minutes ago ~30btc but I picked them up at 100. still not fun but I knew the risk [–]Maximus_ 4 points 12 minutes ago 0.45, but I'm poor and at college...it's all I had man. gently caress [–]bearjewpacabra -1 points 8 minutes ago stop going to college, then you would have more money.
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Feb 25, 2014 05:26
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I lost about $60,000 overnight. (self.Bitcoin) submitted 1 minute ago by omg_fuckthsi Ok so i have been saving up my money, working my rear end off for close to 8 years, and i recently saw a good buying opportunity in bitcoin for $650 usd, i bought all that i could. Now the price has dropped to $500 and i've lost about $60k. Luckily i didn't have my money in Mt.Gox. Farewell friends
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Feb 25, 2014 05:29
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Is There A Way To Instantly Sell Bitcoin? (self.Bitcoin) submitted 6 minutes ago by skilliard4 I need to get out now before the price hits double digits tomorrow. I'm not registered on coinbase yet. IT'S HAPPENING!
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Feb 25, 2014 05:30
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Robawesome posted:I lost about $60,000 overnight. (self.Bitcoin) if only they'd posted the suicide hotline
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Feb 25, 2014 05:30
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Robawesome posted:I lost about $60,000 overnight. (self.Bitcoin) Misandrist Duck posted:Please sticky: U.S.A. Suicide Hotline 1-800-273-TALK (8255). Remember, it's just money. (self.Bitcoin)
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Feb 25, 2014 05:31
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Robawesome posted:I lost about $60,000 overnight. (self.Bitcoin) I'm the guy that spent 260k on Internet money. wait no I'm not. stdh
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Feb 25, 2014 05:32
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http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC folks still trying to exchange their goxbutts for realbutts. not getting much of a payout i think
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Feb 25, 2014 05:32
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http://www.reddit.com/r/Bitcoin/comments/1yv4hr/please_sticky_usa_suicide_hotline_1800273talk/ its the suicide hotline post word-for-word reposted which one of you fuckers is this
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Feb 25, 2014 05:36
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We don't need regulation!!! (Ha.) (self.Bitcoin) submitted 1 minute ago by _nightengale_ Tell this to all of the people who lost funds on Gox, basically because of incompetence and deceit. The worst sin of Gox is that they have just provided regulators with an engraved invitation to meddle in the Bitcoin ecosystem. I, for one, may very well welcome our new financial overlords if they can prevent this silly poo poo from happening again, because the average joe isn't gone to conduct an in depth investigation into the solvency of a given financial institution, they're just going to buy or sell where everyone else does. Bitcoin is dead, god save Bitcoin.
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Feb 25, 2014 05:38
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Neodymium posted:http://www.reddit.com/r/Bitcoin/comments/1yv4hr/please_sticky_usa_suicide_hotline_1800273talk/ I posted one (not this) that ended with "this is good for bitcoins because" but it was removed pretty quickly 
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Feb 25, 2014 05:39
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man what am i going to do with my mt gox yubikey now??
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Feb 25, 2014 05:40
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Heresiarch posted:i was all ready to say those "leaked slides" were fakes but with mtgox deleting their tweets and taking the site completely offline i just don't know anymore if you read the slides as a pitch from whoever remains at MtGox to other investors or whoever might bail out MtGox, the phrasing and language makes more sense also makes it easier to understand how they might have gotten leaked the only thing i cant figure out is how they didn't know they had lost 600K+ coins over the course of years. perhaps they should have had some sort of ledger system they could have balanced out.
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Feb 25, 2014 05:40
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someone post a summary of whats goin on
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Feb 25, 2014 05:41
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Sniep posted:What the gently caress is going on at Bitcoin?
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Feb 25, 2014 05:42
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gox is dead basically
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Feb 25, 2014 05:43
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yeah i saw in some wtits from @buttcoin but gently caress if i am reading all this last 700 some posts
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Feb 25, 2014 05:44
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How much money / BTC did you lose on MTGox (self.Bitcoin) submitted 5 minutes ago by mindsnare1 [–]pimpingken 0 points 3 minutes ago 5.5 BTC worth 4000 when i bought it
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Feb 25, 2014 05:44
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Sniep posted:someone post a summary of whats goin on mt gox halted trading, then deleted their main page
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Feb 25, 2014 05:45
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