I have 4 of those block erupter USBs that you can add to your arsenal. I'll try to remember to bring them down next time I am at the space. Should add ~1.3GH/s total.
On Tue, Nov 5, 2013 at 1:18 PM, Mark Jenkins <[email protected]> wrote: > It's a spike up from 200 as recently as 48 hours ago. >> > > 200 CAD is about 192 USD, so it was more like 9 days ago if you rely on a > real market like Bitstamp and not something small and often depressed (low > prices) like cavirtex: > http://bitcoincharts.com/charts/bitstampUSD#rg10ztgSzm1g10zm2g25zv > > > Now (or soon) would be a good time to empty the miner wallet and cash >> out again. >> > > Nope, I subscribe to the theory that no-one can really call the market. > (go short at 1broker.com if you believe there is a big correction coming) > > We're sticking with our plan and selling on the third Saturday at 2pm. > This month I'll be hosting the market at the Kings Head to co-inside with > BSides. (downstairs open to the public right, bsides has upstairs?) > > Now, I had said before that if someone could convince Ian, that we could > put some of the Skullspace mining profits under active management and still > keep some under my passive plan and see what performs better. > (active manager would be able to send me a SELL SELL SELL sms) > > But, now it is sort of pointless. As Jeff promised, mining profitability > fell off very, very fast in the months since Ian lit this thing up. With > some a little bit of the downtime (caused by anti-malware on Ian's server) > and with mining profitability being where it is, we've only accumulated > 0.087 BTC since Oct 19: > https://blockchain.info/address/14eS3vDCn66Dy7N1PJXA7KTULPirfCJJeW > > + the two USB sticks WTCR gave us that I'm running have about 0.01 so far > that I've got sitting on the mining pool. > > (0.01+0.087) * 240 = $23.28 > > So we don't exactly have a lot to lose by even the most catastrophic > market move. > > Now that the gravey days are gone, I'd make a different suggestion to > Skullspace: stop selling and start holding these upcoming small amounts > long, long, long as an endowment for the Skullspace of the future. My > Bsides talk even offers some technology to help us do that. (including a 2 > of 3 scheme). > > Consider the opinion of one of the Paypal founders Peter Thiel (also an > angel investor in Facebook), who I don't think is a bitcoin evangelist but > a more sobre interested observer. He thinks Bitcoin has about a 20% chance > of becoming a success. > http://www.coindesk.com/figures-come-out-for-against-bitcoin/ > > Let's say success is a 100 fold price growth in valuation over 5 years, > which would be much slower then the reasonably steady trend in growth you > see from the past 4 years on this logarithmic chart: > http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSzm1g10zm2g25zl > > That would be a 2000% annual return. Multiply that by Peter Thiel's odds > of 20% and you get 400%. > > With potential returns like that, there should come a point where we say > that whatever small amount is an amount we can afford to lose and ought to > risk holding. > > Which isn't to say that we should commit the miner's fallacy and keep > mining when electricity becomes more expensive then current profits. At > that point, let's shut em down -- anyone who wants to see the endownment > fund grow can donate at that point. Could be awhile until that happens. > > > Mark > > p.s. > > Now, if you want to see bitcoin lovers get churchy about holding for the > longest time, check out some of the crowd reaction at: > http://www.youtube.com/watch?v=XhGLLBCPwFo > > _______________________________________________ > SkullSpace Discuss Mailing List > Help: http://www.skullspace.ca/wiki/index.php/Mailing_List#Discuss > Archive: https://groups.google.com/group/skullspace-discuss-archive/ >
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