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Cryptocoin Mining?

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Mark R said:
Anyone here ordered a knc titan?

This looks much more promising that the alpha t viper.
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Yes. But only because I was willing to risk the BTC. I'm about 75% confident I'll never see the unit, and/or I'll see it too late to justify the spread.

However, as a tech nerd this kind of thing fascinates me so I'll be adding it to my collection as part of the ride.
 
Zargon said:
and he would have to have been convicted, I don't they cant auction off assets of someone who is still on trial
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When property is seized, that action is against the property not the person and it is done in civil court, ie styled, United States vs. XXX,XXX Bitcoins. Since it is civil, there only has to be a preponderance of the evidence that the bitcoins were part of a criminal enterprise. More or less that means the bitcoins are going to stay seized and maybe eventually auctioned off.
 
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Wreckem said:
When property is seized, that action is against the property not the person and it is done in civil court, ie styled, United States vs. XXX,XXX Bitcoins. Since it is civil, there only has to be a preponderance of the evidence that the bitcoins were part of a criminal enterprise. More or less that means the bitcoins are going to stay seized and maybe eventually auctioned off.
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Yea, civil is less burden of proof than criminal.

Please MOAR bad news for bitcoin soon. I'm not sure what to do without it's consistent thorny comfort.
 
Wreckem said:
When property is seized, that action is against the property not the person and it is done in civil court, ie styled, United States vs. XXX,XXX Bitcoins. Since it is civil, there only has to be a preponderance of the evidence that the bitcoins were part of a criminal enterprise. More or less that means the bitcoins are going to stay seized and maybe eventually auctioned off.
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that is not always true, there are both types of seizures in US Law

and you still end up in court, though what I can read so far doesn't say if you get served like other civil stuff and go to court or if they let the gov seize it then go to court over it

there is still a court case and date either way I think, so they cant just take it and immediately auction it off
 
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GPU miners are, particularly where electric rates are >0.20c kwh. There are a huge amount of AMD cards going up for sale everywhere.

I'm mining vert but have scaled back how much hash i'm doing. The current place of mining profitability has been such a drastic fall over the past two months I want to give it a bit of time to sort out before I stop mining entirely and just buy and hold coins.

I think asic's are continuing to come online publicly and privately. Litecoin network is now over 210,000MH/s. I don't think LTC is profitable even with 0.15c kwh rates if that rate stays. At the very least you'll need ~3-1 kh/s per watt. This will in short order make LTC unprofitable to mine for anyone using GPU's unless they have subsidized power of some type. I think that's a pretty big deal and wonder how it will play out.
 
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Still mining, turning a profit on a multipool even with today's lowered earnings, because I earn more mining than it costs in electricity.
 
I pay 30 cents a kWh so at the current price I lose $$ mining, better to throw a few hundred bucks a month at buying some potential coins than pay electricity and make a loss mining. I hear Russians pay a ridiculous 4 cents a kWh, and they need the heating since its terribly cold there, win win.
 
BFL Jalepeno's < $100, which are still drastically overvalued at this point. Waiting for them to plummet to $20 so I can pick up a souvenir. 😛

Still holding onto my 600k DOGE and .5 BTC. I'll just forget about them for awhile... I'm still confident BTC will at least recover.
 
Big news in the altcoin market : BC (soon will have ticked renamed to BLK I believe) is making a real push to become an actual alternative. They raised 25 BTC (got a 5 BTC donation from Mintpal which an awesome exchange) to get their CoinKite project started.

https://coinkite.com/

http://www.cryptoarticles.com/crypt...elease-added-funded-on-coinkite-in-mere-hours

https://twitter.com/Coinkite/status/453959431383179264

Now... why is that premined coins can't do the same? Because they don't have real investors that back it. 😛

BC is a special case though. The multipool idea has allowed early investors are starting to dump money back into this coin because of how far is has taken their initial investment. I'd keep an eye on this one.
 
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Reading the Doge and LTC forums it's still rainbows and unicorns over there. Only a few seem to be more grounded in the reality that the market is tanking hard with no reason to rise again without good news in the crypto world.
 
frowertr said:
Reading the Doge and LTC forums it's still rainbows and unicorns over there. Only a few seem to be more grounded in the reality that the market is tanking hard with no reason to rise again without good news in the crypto world.
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With LTC now sub $10 and doge on a steady decline I'm not sure how much longer that can last.

Even if folks are right that crypto will survive, that's not all that important if losing money on mining equipment and/or electric rates. The market is,..well

This is all that matters.

The market can stay irrational a lot longer than you can stay solvent!
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Attic said:
Even if folks are right that crypto will survive, that's not all that important if losing money on mining equipment and/or electric rates. The market is,..well =
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A more important point
even if they are right that the crypto market will survive, there is no guarentee that their particular altcoin will survive.
 
$400 broken. That long term triple bottom is now broken. Dismal times ahead.

I'm getting close to the point of selling my (cheap) GPUs for (cheap) cryptos as a one final "I can afford to lose this" investment.
 
taltamir said:
A more important point
even if they are right that the crypto market will survive, there is no guarentee that their particular altcoin will survive.
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Yep, it's like trying to swim through waters infested with sharks,... with friggen laser beams attached to their head!
 
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