Silk Road forums

@LazyEye

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This might be interesting.

Doubling difficulty and payout reduction seems to be driving prices up (10/11-13 USD) in the last month or so.

The new mining machines, IF the new ASIC chips perform like the vendors say they will (30-70Gh/s). bitcoins very well may fall in price. At least for a short time...

People are saying the ASIC processors and new mining rigs will make a lot of money for the first few that get them... The bitcon difficulty will probably go up, reward lowered again so the market of new coins levels again...

If those money makers dump their coins on the market, prices will fall.  Jump on them then and stock up.

Maybe I don't know what I'm talking about, but what does the mining difficulty have to do with the price of bitcoins? That is determined by the supply-demand ratio, and since the supply is fixed (well, it increases over time but at a steady, known rate), the price is basically determined by demand. If more fiat currency is converted to BTC, the price goes up, and if more BTC is sold for fiat currency, the price goes down. You can watch the bitcoin charts and see the fluctuations sometimes after large movements of currency.

The ASIC processors will change mining difficulty (if they ever come out), but that will only affect the miner profit margin, which is negative right now. After the reward halved, they started losing money, because they spend more on equipment and electricity then they get back through the reward. If it isn't profitable, then some people should leave the game and mining difficulty will go down, costing less, until it's profitable again. That hasn't happened yet.

https://blockchain.info/charts/miners-operating-profit-margin

I gave karma to everybody on the last few pages who took the time to learn PGP. Good job guys.

wetware, hmm, maybe try selecting your key by checking the box before you click decrypt.

Maybe I got confused and encrypted that to someone else's key. I've been doing a lot of these lately

Did it say it was encrypted to this key ID: 4AA2C9E4

That's the one I have for you. I just reimported your key to make sure. Also, very basic question, but you do have your key imported in GPG4USB, right? You don't need my key to decrypt my messages to you.

Anyway, let's try again

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LOL, wow thanks ecstasydude

Yeah, I think they remove accounts if you don't log in for 5 or 6 months. Sucks for you, because vendor accounts cost $500 now.