221 replies to this topic

[kitcar765]

£395

[siztenboots]

a very nice site , http://coinplorer.co.../Difficulty/BTC

[kitcar765]

£492

[kitcar765]

will be a big jump on wednesday when the fed announce no taper  

[kitcar765]

got green-lighted by the US. institutional investors will now pile in. Fed will announce no taper on wednesday. Maybe £1000 before the end of the week?

[kitcar765]

peaked at £550 getting very volatile now! 

[VX Boyd]

Feel like a tit for not following this thread more closely. Came across them when I read a story about a Norwegian guy selling up $25 dollars worth for $880,000.

 

Price per coin then was about £180. Now the cheapest is £600 on bitbargain.

 

Assumed I'd missed the boat as it was in the media already.

 

From now on, I'm going to just spend the 10 or so quid I would usually spend on a football accumulator on litecoin and whatever happens, happens. (*Starts looking at the classifieds expecting a substantial litecoin explosion *)

Edited by VX Boyd, 19 November 2013 - 04:50 PM.

[kitcar765]

bitcoin is still very young. most of the public have no idea what it is, or what the benifits are. eventually it will become more mainstream and fly. ECB is going to print another 1 trillion euros. The fed wont taper. Interest rates wont go up until 2015. National debts will become unpayable which will lead to default or super-inflation.  Future is bright for bitcoin. Bit like apple shares to start with. so what if you didnt buy on day one? but you bought on day 2? You would still be laughing on day 10. I wish i bought more when i did at £30.   

Edited by kitcar765, 19 November 2013 - 05:07 PM.

[JD VX220]

So I've purchased some litecoin. 3 for £5.40 each. Not much but I figured its worth a shot as I have seen them up to about £12 ish. Anyone think it's worth mining litecoin at the moment? I setup my gaming rig to do it but most people say it isn't worth it. I know there are mixed views!

[Tony H]

Unless you can scav someone else's electric I doubt it would be worth it.

[fezzasus]

So I've purchased some litecoin. 3 for £5.40 each. Not much but I figured its worth a shot as I have seen them up to about £12 ish.

Anyone think it's worth mining litecoin at the moment? I setup my gaming rig to do it but most people say it isn't worth it.

I know there are mixed views!

 

Difficulty has got much higher in the last couple of months: http://reckoner.com....ining-litecoin/

 

Best option is to look at all the alt coins and pick the ones with the lowest difficulty. Spread betting if you will. As long as you can exchange them on btc-e you'll be okay.

 

Actually, it's worth calculating mining difficulty vs. exchange rate to find the coin of choice to mine.

Edited by fezzasus, 20 November 2013 - 05:52 PM.

[Tony H]

Years ago when we first started our business we were in a shared office building type thing. Electric included in the rent. I had a nice folding@home farm in the server cabinet. Wish this bitcoin stuff was around then!

[fezzasus]

It was, that's why things like this happened http://www.theguardi...orway-oslo-home

 

[techieboy]

You need to invest £8k in a dedicated ASIC based mining system to even stand a chance of crunching enough numbers to make any mining worthwhile now.

[JD VX220]

You need to invest £8k in a dedicated ASIC based mining system to even stand a chance of crunching enough numbers to make any mining worthwhile now.

Looking at the numbers that's pretty much the same conclusion I've had. Might keep a few litecoins around and see if they start increasing in value but I think my savings are safe at the moment!

[JD VX220]

Does anyone know of a site that you can trade all digital currency on? Most I can find normally only trade btc and ltc. I'm using bitbargain at the moment.

[dave_dub86]

Does anyone know of a site that you can trade all digital currency on? Most I can find normally only trade btc and ltc. I'm using bitbargain at the moment.

Btc-e dude

[JD VX220]

Was hoping you weren't going to say that. Getting funds to it isn't fun!

[dave_dub86]

Send your btc or ltc there and trade from it, that's what I did My line of getting funds in actually went: My bank to transferwise To bitstamp To my wallet To btc-e Only problem is transferwise no longer allow deposits to bitcoin trading platforms. Not the easiest thing to get your money into is it haha

[JD VX220]

Nope! Got my ltc to btc e now so will start with that. Just deciding on what to invest in!