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Thread Statistics | Show CCP posts - 2 post(s) |
Clair Bear
Ursine Research and Production
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Posted - 2011.06.14 03:19:00 -
[31]
No, it is nothing like that. Your scenario requires someone to get off their butt, secure financing, obtain permits, equipment and land, land an agreement with the local utility company to sell power to their grid, maintain said equipment and more (tools, vehicles), and quite likely have overhead like office & personel.
If you don't see that as completely and materially different from not turning off your machine and obtaining a GTC easier than typing a credit card into CCP's site... Well. We have to just agree to disagree.
So far I know of 3 people who have started bitcoin mining. Unfortunately they're ISK rich, so none of them are going the PLEX route. Now that's a valid point -- gamers with high end hardware will probably be "into" eve enough to be good at it and not need any ISK.
And in summary, bigger blobs are the answer. Now what was the question? |
Xenuria
Gallente
The Scope
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Posted - 2011.06.14 03:31:00 -
[32]
BitCoins -- > GTC --> Plex --> Isk
Powerful CPU --> Free BitCoins
Welcome to 2 months ago....
"Sorry, Your Sov Options are Unavailable due to a PSN Outage."
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Clair Bear
Ursine Research and Production
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Posted - 2011.06.14 03:41:00 -
[33]
 Originally by: Xenuria
BitCoins -- > GTC --> Plex --> Isk
Powerful CPU --> Free BitCoins
Welcome to 2 months ago....
2 months ago it was more like, Powerful GPU -> bitcoins -> dollars -> dwolla -> bank -> shattered crystal -> GTC -> Plex -> Isk. A lag time of oh, about eternity.
Today it's like:
Powerful GPU -> bitcoins -> GTC. A lag time of oh, like, 30 minutes.
Look at the first one and the average basement dweller is all like, "All that for fifteen bucks? And I have to get out of the house to get a bank account? Screw that." The other is "Ok, I'll forget to turn off my machine for a few days."
And in summary, bigger blobs are the answer. Now what was the question? |
Ghoest
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Posted - 2011.06.14 10:52:00 -
[34]
The only notable point specific to EVE I can see is that by turning one virtual currency(bit coins) into another virtual currency GTC and using that for 3rd virtual currency(isk) with which you then buy virtual items, you make it hard for the IRS to make a tax fraud case.
In front of a jury you could make very god defense that its all just a game.
Wherever you went - Here you are.
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.14 16:10:00 -
[35]
buy bitcoins buy buy buy, put all of your life savings into them they just keep going up
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Wyke Mossari
Gallente
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Posted - 2011.06.18 19:06:00 -
[36]
Bitcoin is just a giant Ponzi Scheme.
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insanebe
Caldari
draketrain
Test Alliance Please Ignore
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Posted - 2011.06.18 21:26:00 -
[37]
doesn't make much sense to me unless you can gaurentee the amount added to my electricity bill due to bit coins will be less than the return ?
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.06.18 21:36:00 -
[38]
Edited by: Akita T on 18/06/2011 21:36:43
Originally by: insanebe
doesn't make much sense to me unless you can gaurentee the amount added to my electricity bill due to bit coins will be less than the return ?
At the moment, revenue is noticeably higher than electric power cost.
There's however absolutely no guarantee it will stay that way for long.
But then again, you already have the hardware - and that's the OP's point.
As long as revenue stays above power cost, you might as well do it.
_
Make ISK||Build||React||1k papercuts
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Loney
CyberDyne R-D
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Posted - 2011.06.20 19:47:00 -
[39]
Originally by: Clair Bear
So far I know of 3 people who have started bitcoin mining. Unfortunately they're ISK rich, so none of them are going the PLEX route.
You can make it 4... my 6970s work much better then the old 5850s. You should upgrade!
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Sales - CDRD |
Lederstrumpf
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Posted - 2011.06.21 05:39:00 -
[40]
Edited by: Lederstrumpf on 21/06/2011 05:43:46
Originally by: Clair Bear
Now it's as simple as leaving your computer on for a couple of days and clicking THREE TIMES to get a GTC e-mailed to you. We're talking easier than macromining. We're talking easier than... well... pretty much anything. Including buying it from shattered crystal.
Previously people had to do what you described, or justify to their spouse spending yet more money on "a game." Now, every neckbeard living in their mom's basement or student with free power
There is no such thing as free power nor hardware.
Somebody is paying the bill.
The interesting thing to note here is that people outside of US might profit from Bitcoins farmed at lower US energy price.
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Trader Hansen
Failure Assured
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Posted - 2011.06.21 06:52:00 -
[41]
Originally by: Lederstrumpf
Edited by: Lederstrumpf on 21/06/2011 05:43:46
Originally by: Clair Bear
Now it's as simple as leaving your computer on for a couple of days and clicking THREE TIMES to get a GTC e-mailed to you. We're talking easier than macromining. We're talking easier than... well... pretty much anything. Including buying it from shattered crystal.
Previously people had to do what you described, or justify to their spouse spending yet more money on "a game." Now, every neckbeard living in their mom's basement or student with free power
There is no such thing as free power nor hardware.
Somebody is paying the bill.
Shhhh. You are speaking too much common sense for a BitScam thread. I for one shall generate BitScams using my perpetual motion machine that I just invented.
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CEOcat
Gallente
CAT Corp
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Posted - 2011.06.21 11:00:00 -
[42]
Edited by: CEOcat on 21/06/2011 11:05:20
Edited by: CEOcat on 21/06/2011 11:03:54
Originally by: Clair Bear
You don't get it, do you. Eve players are lazy. Now it's as simple as leaving your computer on for a couple of days and clicking THREE TIMES to get a GTC e-mailed to you. We're talking easier than macromining. We're talking easier than... well... pretty much anything. Including buying it from shattered crystal.
Previously people had to do what you described, or justify to their spouse spending yet more money on "a game." Now, every neckbeard living in their mom's basement or student with free power can simply leave their machine on long enough to use 67 cents of power and get a month of gametime (or more). No grinding, no setting up paypal or dwolla or what have you, just as simple as:
1. Own a 5 series ATI card
2. Leave machine on long enough to generate 2 coins
3. Pres butan, receiv GTC
Extra power use is fairly noise. In most of the US it's about 67c to generate a coin (which even now is more than a month of subscription). People are spending far more to macromine or mission for days on end to fund their gametime. A single 5770 will generate about a quarter coin a day, $200 worth of hardware (like mine) will cough up enough for 30 days of gametime in less than 24 hours.
Even if 10% of eve players had the required hardware (read: 5850 or better) I think the potential impact could be a lot larger than you realize.
I reiterate: it all has to do with the ease of getting GTC this way compared to *any* other way of playing eve for "free." And yeah, that's become a bit too hard for me, which is why you haven't seen me around much. =) I refuse to fail at eve badly enough to pay $ for it.
Dude take an economics course and read up on BitCoin. You are simply talking jibberish and I don't even know where to start sorting it out.
It doesn't matter if people trade GTC for BitCoin, CCP are still charging for every GTC in EUR/USD. If more people want to trade GTCs with BitCoin it will simply affect the BTC/USD exchange ratio to adjust for this fact. Since GTC seller have to exchange it to USD to be able to pay for the GTCs what will happen is that the market will be flooded with BTC wanting to buy USD if everyone start buying there GTCs from this dude (and no one first buy BTC with USD to do so) the price of BTC will crash and you no longer be able to get them for your 67 cents of power.
Also the BitCoin network adjusts its mining difficulty to stay around one block generated every 10 minutes. If everyone in eve started mining the difficulty would just go way way up and they would all get a much smaller share of the same amount of new BitCoins being generated....
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Zagam
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Posted - 2011.06.21 13:39:00 -
[43]
IMO, BitCoins are a massive scam. As several other posters have mentioned, SOMEONE is paying for the GTC with real money. As truly altruistic people who will just spend $35 randomly for processing power without profit don't exist, someone is getting benefit from taking BitCoins and giving out GTCs. From what I can see, BitCoins are being used either for something not entirely "above the board", or for money laundering.
---------.oOo.----------
Chaos, Madness, and Destruction. My work here is done. |
CEOcat
Gallente
CAT Corp
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Posted - 2011.06.21 14:06:00 -
[44]
Originally by: Zagam
...real money.... someone is getting benefit from taking BitCoins and giving out GTCs...
Or maybe they have just realized that US dollars are actually counterfeit money and are trying to save themselves from a hyper-inflation by buying BitCoins for GTCs ...
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insanebe
Caldari
draketrain
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Posted - 2011.06.22 04:10:00 -
[45]
Originally by: Akita T
Edited by: Akita T on 18/06/2011 21:39:47
Originally by: insanebe
doesn't make much sense to me unless you can gaurentee the amount added to my electricity bill due to bit coins will be less than the return ?
At the moment, average revenue is noticeably higher than electric power cost (you want to join a mining pool, solo you're screwed).
There's however absolutely no guarantee it will stay that way for long.
But then again, you already have the hardware - and that's the OP's point.
As long as revenue stays above power cost, you might as well use it to do it.
P.S. Personally, I don't care either way. I have more than enough ISK, so no desire to get more via GTC, and no desire to not spend them on PLEX/GTC to keep the account running. And converting BTC to cash is too much hassle for my taste.
so anyone noticed the story lol
"Prices on the main exchange, Mt.Gox, fell from $17.50 (ú10.80) to almost zero when a large number of stolen Bitcoins were dumped on the market."
Bitcoins hack
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Luciela
Gallente
Pixelmoon
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Posted - 2011.06.23 08:57:00 -
[46]
Edited by: Luciela on 23/06/2011 08:57:37
Everyones happy when the value is increasing, but when someone makes an attempt to manipulate the price trading is suspended? Just goes to show that a currency back by absolutely nothing is a massive risk. The currency focuses on not being regulated etc. but when the excrement hits the proverbial fan intervention kicks in.
Out of curiosity - what site accepts bit coins for GTC? Might be an opportunity to pick up some cheap GTC whether you think bitcoins are good or absolute rubbish. If someone thinks theres value in a coin and will part with a GTC then we can take advantage :)
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Vaerah Vahrokha
Minmatar
Vahrokh Consulting
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Posted - 2011.06.23 09:05:00 -
[47]
Originally by: insanebe
so anyone noticed the story lol
"Prices on the main exchange, Mt.Gox, fell from $17.50 (ú10.80) to almost zero when a large number of stolen Bitcoins were dumped on the market."
Bitcoins hack
Isn't this so totally EvE? An awesome market manipulation finished with the stock dump.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
SicKk Chaos
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Posted - 2011.06.25 18:32:00 -
[48]
o.k. guys, as I read all the comments and posts about bitcoins from people that have no f****** clue like this :
Originally by: Wyke Mossari
Bitcoin is just a giant Ponzi Scheme.
m8 start reading Ponzi scheme , how bitcoins Work , what is USD or EUR - Fiat Money
and if you think that there is some ponzi schme in bitcoins, send me a PM or evemail for your explenation -> I'm excited to hear a new POV
Originally by: Weaselior
buy bitcoins buy buy buy, put all of your life savings into them they just keep going up
what do you think bitcoin is, an investment ?
bitcoin is a digital currency, for an example you can buy games online at this shop
currencies are based on trust ! thats why the USD and the EUR are loosing on value towards the asian currencies, 'cause they are loosing trust !
what Eve Online needs, is an exchange api (3rd pary developer) like the Linden Dollars at Second Life, e.g.: Virwox
there you can see the exchange rate in different currencies and the BTC/SLL rates.
that means you don't mess with the TOS of paypal, moneybookers or neteller 'cause you're exchanging digital commodities ;)
in that case, CCP should open up their policies to 3rd party developers and allow exchanging ISK/PLEX/AUR to something else with an api. untill this doesn't happens there is no disscusion about getting PLEX with BTC in a "Eve - TOS" legal way.
just for the record : BTC accepting sites in English
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