e1l1

Not just juvenile delinquents. I am well into my 40s, and I am not sure I am going to be able to resist take a shot at them.

What stops another crypto currency from replacing bit coin?

May be so. I have very little understanding of any of this. What I am doing right now certainly isn't worth even this tiny bit of effort that I have put into so far. My Account Balance is 0.00016236 LTC after 9 hours.

I am trying the free tier right now. I installed https://github.com/cbuchner1/cpuminer. I have got it running, but I don't think its doing much of anything.

Here's a tail of the log:

[2013-11-29 08:15:37] Stratum detected new block [2013-11-29 08:15:37] thread 0: 83388 hashes, 0.73 khash/s [2013-11-29 08:16:32] thread 0: 44064 hashes, 0.79 khash/s [2013-11-29 08:17:55] thread 0: 47700 hashes, 0.58 khash/s [2013-11-29 08:18:14] thread 0: 34596 hashes, 1.79 khash/s [2013-11-29 08:19:38] Stratum detected new block [2013-11-29 08:19:38] thread 0: 65016 hashes, 0.78 khash/s [2013-11-29 08:20:38] Stratum detected new block [2013-11-29 08:20:38] thread 0: 26352 hashes, 0.44 khash/s [2013-11-29 08:20:50] thread 0: 26364 hashes, 2.24 khash/s [2013-11-29 08:23:40] thread 0: 134484 hashes, 0.79 khash/s [2013-11-29 08:23:51] thread 0: 47280 hashes, 4.48 khash/s

So the max out of pocket is $2 an hour if I bid $0.20?

I am seeing:

Current price us-west-1a 0.101 us-west-1c 0.75

Ha. No, we don't, but I guess we should.

How could anyone actually use bitcoins to buy anything? With this volatility, how can you settle on a price for actual merchandise or services?