So what's going on with bitcoin now the price is $175. Anyone still got it? Anyone recommend getting some

Still holding here as  the techs not going anywhere, lots of work is going on building the architecture, I still think we're a good 3 years from proper adoption (if it happens)

US Govt is due to sell some more, could be why it's gone down but that's just speculation from me

I'm still holding a few along with several thousand of another "currency" called ARCHCoin. It's not really a currency though, more like a company stock.

See :- http://www.archcoin.co/ and http://moby.io

As for BTC, the concensus is that the price is being manipulated down, probably to tie in with a climb after the Winklevoss Twins' Bitcoin exchange goes live. So many different conspiracy theories though. I don't pay much attention these days as I'm more into playing Elite Dangerous

We may see sub $200 again tonight. I personally think $150~$200 is a buy.

Quite a few of the companies mining bitcoin have reduced or stopped production. They made a lot of profit for their owners from dedicated bitcoin hardware that was made to only produce bitcoin.

As with all commodity markets prices can rise and fall. Bitcoin is a young currency so large variations are expected.

Amateurs and hobbyists don't seem to get much of a look in now

This might be interesting for bitcoin people. A server using waste heat to heat your home?

http://www.newscientist.com/article/mg22530072.800-the-computer-that-crunches-cloud-data-to-heat-your-home.html

Quote from: Serious on February 10, 2015, 16:32:20 PM
Quite a few of the companies mining bitcoin have reduced or stopped production. They made a lot of profit for their owners from dedicated bitcoin hardware that was made to only produce bitcoin.

As with all commodity markets prices can rise and fall. Bitcoin is a young currency so large variations are expected.

Amateurs and hobbyists don't seem to get much of a look in now

True, several have now stopped mining. Saying that unless BTC is over $300 it's unprofitable, even with ASICs.

For anyone interested in what happened at MtGox in respect to the rise of BitCoin in 2013, read this http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html

Very interesting I thought.

i only mined for a little while... but put my coins into MtGox to sell them

my little brother didn't have s sell account... so I gave him cash for his coins...

both right before MtGox went down

balance was £2500 at the time :-(

Quote from: Walrusbonzo on February 12, 2015, 18:23:33 PM

Quote from: Serious on February 10, 2015, 16:32:20 PM
Quite a few of the companies mining bitcoin have reduced or stopped production. They made a lot of profit for their owners from dedicated bitcoin hardware that was made to only produce bitcoin.

As with all commodity markets prices can rise and fall. Bitcoin is a young currency so large variations are expected.

Amateurs and hobbyists don't seem to get much of a look in now

True, several have now stopped mining. Saying that unless BTC is over $300 it's unprofitable, even with ASICs.

So is that the beginning of the end of bitcoin?

Quote from: Walrusbonzo on February 19, 2015, 18:31:34 PM
For anyone interested in what happened at MtGox...

To be honest the whole issue looks very suspiciously like an insider job, otherwise why didn't anyone notice the bitcoins vanishing without them being replaced with money?

if it wasn't then some people acted very stupidly.

End of bitcoin Sam? not quite. Bitcoin value has dropped but it depends on supply and demand. Really BTC is a worthless item based on computational power and belief and hope. There are plenty of currencies that are based purely on belief and hope. That would be all of them.

Look at any UK currency note, it says clearly 'we promise to pay the bearer the sum of X pounds' making it an IOU. Most currency is stored as numbers by banks, not actual notes or coins.

http://www.networkworld.com/article/2913213/mtgox-creditors-can-finally-file-claims-for-lost-bitcoins.html

Knighty, did you lose some BitCoin in the MtGox collapse?

I sold my bt and had just under $3000 in my MtGox account which I tried to remove for a month but it wouldn't let me... :-(


I'll stick a claim in.... see what happens... doubt I'll get much


wouldn't have been so bad... but my little brother had £1200 worth of bt he wanted to sell... so i gave him cash for them because i already had a authorised sellers account!   :-(

Best of luck. Anything is better than nothing.

Hmmm.....

MtGox bitcoin chief Mark Karpeles arrested in Japan

http://www.bbc.co.uk/news/world-asia-33745611

Quote from: Serious on August 04, 2015, 08:07:01 AM
Hmmm.....

MtGox bitcoin chief Mark Karpeles arrested in Japan

http://www.bbc.co.uk/news/world-asia-33745611

Yep, excellent news for BitCoin, weeding out the bad actors is a good thing, if only it worked like this with fiat.