96ukssob

You seem to know more about Bitcoins than most here, so wondering if you had the answers to some questions that have been pondering my mind.

What are the demographics of Bitcoin miners and those who posses them? I'm guessing its middle class, 13-25 year olds?

What countries do you think most of these people live? Obviously they are developer countries, like USA and the UK, but any guess to which has a higher amount?

Dirty F

1: I'm certainly not the person here who knows most about Bitcoins, believe me.
2: The mining part is actually something i know least about.
3: Your guess would be my guess as well. I'd say 16-25.

Sorry to dissapoint you. Story of my life

MainstreamGuy

Dirty_F never mined a single Bitcoin in his entire life.

He has 15.04 bitcoins in his wallet, but he talks as someone who has 10,000 bitcoins.

He just tries to show off. Really wondering why.

Deputy Chief Command

more than half of the bitcoins are mined in china, ...

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Dirty F

Poor baby is bitthurt...
Boooohoooooohooooooo

AllAboutCams

Fuck i only have 1 more year to mine.

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Vapid - BANNED FOR LIFE

A lot of Chinamen have Asics for obvious reasons.

dyna mo

i did a bit of snooping around on this and this is what i could dig up, about the only demo that is trackable is geoip so we can get a glimpse of where thing are happening, this is all data on the blockchain though, not just mining. i also thought a map of bitcoin meetup group might be of value:::::::

map of bitcoin meetup groups

http://bitcoin.meetup.com/

the is a chart of country of host IPs, it shows a geo distribution of p2p clients on the blockchain over time.


Country Number of Hosts
United States 6458
Germany 1113
Russian Federation 941
Canada 855
United Kingdom 827
Australia 529
Netherlands 344
Poland 335
Ukraine 316
China 304
Sweden 271
France 263
European Union 252
Finland 243
Italy 179
Czech Republic 167
Spain 161
Brazil 147
Switzerland 122


hope that helps!

dyna mo

also, in reading through threads in the mining sub-forum at bitcointalk, i've noticed several comments re: wives and children and mortgages, etc.....so perhaps combining the geoip data above, and the comments in forums, i would guess that the average miner is 20-30+ white male living in the usa.

1 thing is for certain, there ain't too many chicks mining the coinage!

Dirty F

It has to start younger man. So many kids which access to graphic cards are mining imo.

dyna mo

i agree, i just can't find anything to give me an idea, i think the younger miners prolly don't want to reveal they are mining from mom's. maybe??? guessing..


so they don't talk much about personal so it's hard to gauge.

96ukssob

That's kind of what I was originally thinking was a step above the younger crowd, at least now. Prior you could use a decent computer with a nice graphics card to mine, but in the last few weeks/months it's now turned into a profession pushing the "smaller guys" out.

So for example, the 16 y/o using his home PC is now squashed compared to the giant processors that the mid 20's and 30 year olds can afford to buy. My guess going forward, they will be majority owned by mid 20's to early 30's males in developed countries, only to be traded for iPhone cases an apps back to China...

Now to develop a product to over them to hoard bitcoins for myself!

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money biz

ROFL I thought he was sittin on at least 500 coins ... I think people think B is the new paypal. It's hacker currency. You think paypal would DDOS there own servers L O L

Dirty F

Don't be a fucking moron. That broke ass loser has no clue how many coins i have.
He's just extremely butthurt he can't afford any.

mineistaken

How to understand that?

Supz

dyna mo

it seems to be a transition period re: mining right now right? it's all *supposed* to be seguing over to asics but very few of those have shipped. and there's talk that bfl isn't going to ever ship (to some degree) and keep their asics to themselves. one of the other asic buiders turnedout to be a faker, supposedly, and avalon has only shipped a % of their 1st batch of 3 total batches.

so maybe those builders are all cranking their asics right now???...... i don't know....and there's even more coming when and if they actually ship to the public? i can seem to get a square idea of that. but i guess my point is, whatever shovels those asic miners need will probably be revealed in the coming months.

mining pools also skew things, maybe?

Dead

LOL Frank is the authority of all things BTC.

Serge Litehead

miners have $$$ to spend on hardware, i'd say most are in 18-35 y.o range

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Supz

bitcoins questions, what the fuck is happening.

NiXXiN

we are seeing the weak bail out of the market, we are waiting for a stable price and i think once we see it we can watch it slowly rise again, much slower than the insane rush we have seen for the past month. more services that come to bitcoin i think the better it will be.

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MainstreamGuy

Really? You now say that you now magically own 1000 bitcoins?

Stop bull-shitting people, you dont own more than a few bitcoins, Dirty_Frankenstein.

Dirty F

On ignore!
Buh bye broke ass imbecile

Joshua G

based on what do you make these predictions. the bitcoin is primarily traded on an illegal drug board & on an exchange for trading cards (or something?) nobody knows who invented it. & exchanging USD for BTC is not a simple walk to the ATM machine.

should more services come to bitcoin? then expect massive retaliation from Visa & the feds. Visa is not going to watch some cybercurrency replace them as a primary payment option. & the same goes for the IRS, who will not watch multinational corps move billions on an encyrpted exchange where they lose the taxes.

sorry. why do i bother. you just do what your doing & if you make money, good for you. just stop talking like bitcoin is apple in 1976.

Dirty F

Didn't i tell you yesterday to start reading first before you type more bullshit? Why do you refuse to? All the info is there?
Instead you prefer to look like an idiot? I don't get. Really.

dyna mo

dude, visa just transacted a billion dollars in the time it took me to write this sentence. the fed? they prolly just printed up a couple bil,

currency markets are $100 trillion dollars, the cc markets are massive too.


fact is bitcoing is behaving exactly like a tech stock

Joshua G

yes. BTC is only a drop in the bucket today. But BTC acting like a tech stock is no good as a viable currency. currencies cant go up & down 20% in a week for walmart to accept They cant take 2 BTC for an item then the BTC is worth 20% more or less before the merchant can convert it to USD. Walmart just wants to sell product, not take a 20% swings either way because they accept BTC.

BTC is going to need to be as easy as going to the ATM machine to convert USD to BTC. until that happens, average consumers are not going to use it, & neither will walmarts. the average joe is not setting up an account at mtcox or whatever so they can do nothing but silk road or gamble with it.

just IMO of course.

2013

i like poo coins

Dirty F

Wtf are you talking about you idiot?

Stop pulling shit out of your ass just because you don't understand how this works.
God, you're getting annoying.

Dirty F

Otherwise it becomes another failure like Paypal right? At least they have atm's.
Oh wait.

Moron.

Joshua G

failure like paypal? paypal is not a currency. but whatever. maybe if paypal is your best example, i come back with ibill, or epass. since we moved away from currencies & are now talking payment processing...

you STILL have no idea who invented bitcoin. but no problem, it will disrupt visa & the USD dominance in finance. OK. IRS & Visa will just sit back & take it.

Right.

Dirty F

It's open source you fucking imbecile! It doesn't matter who invented it! This is the third time this has been explained to you now. How much longer are you gonna repeat your nonsense?

You Bitcoin haters have 2 things in common. The hate obviously and all of you are totally clueless pathetic morons.

I have to find 1 bitcoin hater here with a clue what he's talking about it.
It's fucking sad.

Joshua G

why do you not understand that it being open source is meaningless. all that matters is what US & G8 banks allow. They allow people to send cuurency to BTC exchanges today. the moment the Man decides this currency is a problem, BTC will never go mainstream.

because nobody is going to use a currency where you have to mail cash to an exchange. maybe bitcoin lives on as a hacker currency, or in 3rd world countries. but without the blessing of the big international banks, you are dreaming.

all you got is name calling. nothing else.

Dirty F

Then stop crying that the creator is unknown and act like that is a problem you dumb fuck.

Joshua G

my point was simply that you have put faith in a program with unknown origins. unless you are a programmer, you have accepted the idea of it being open source as a matter of faith. so it does actually matter. because if you cant personally confirm that it works by reading code, you are just talking out of your ass. which is what i think you are doing.

Dirty F

You really didn't think of the fact that 1000's, probably 10000's of programmers have checked the code looking for flaws?

God, you're simple minded.

I'm not gonna respond to your bullshit anymore. Idiot.

Joshua G

thats sorta like saying wikipedia is accurate because 10000s of people fact check it. in the end, you are still taking a position on faith.

its possible that bitcoin is an NSA project. If you trust in the code, then you must certainly trust the coder. the coder must be of sufficient quality that 10000s of people certify it.

but i would wonder, since computer science at the level of coding cryptography is so hi level only grad students can really understand it, whether 10000s of people have the ability to confirm the openness of the code & the veracity of the algo.

I know the NSA can write it, & maybe a handful of security people. why does the creator choose to be anonymous. thats a fun place to speculate. a benevolent inventor would certainly not hide his identity at creating a market bending innovation. So why would such an innovator stay in the dark.

but you keep believing in the integrity of a program with unknown creators, writing code only grad students can follow, because 10000s of others says its legit. just like 10000s of others handed their cash to bernie madoff.

come on man, dont be so mad. its only words.

Supz

Unless everyone just starts selling for some odd reason. The volume alone will keep it a float. That is, if the volume that mtgox is showing is accurate.

Serge Litehead

the Man declared war on drugs... ever since, drug use decreased to 0 users in states

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MikeRoth

this thread has become an interesting exchange of words which are relevant to my interests.

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woj

there is strong demand for drugs... but there is little real demand for bitcoins, the only demand comes from speculators hoping for an easy profit...

if you knew that bitcoins will not go up in value over the next year, would you buy/hold them?

as prospect of making easy $$ with bitcoins fades, so will the demand for them and so the price will plummet...

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Dirty F

Imbecile, idiot and dumb fuck?

Supz

Serge Litehead

that's one view. another sees increasing demand for fair value-exchanging system independent from artificial manipulation on root level which bitcoin offers.

i agree that after hype wears off there is a period of suspended active speculation. if you realize that bitcoin can never reach valuation of $0 you would also know there will be many more bitcoin rallies and crashes - these cycles fuel this new economy: on a rise people hoard it, on decrease people tend to spend it or realize profits, or cut losses. once easy money opps fade people will start treating it just like regular money only with difference that overtime bitcoin value is going to increase unlike fiat's within inflation economies.

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seeandsee

I notice lots of bc-supporter people have "gambling thinking - look a like" problem.

Same as people for example that play roulette, they put 100$ in game, earn 2000$ but they don't stop, and they later go out of casino for example 120$. Do you know what most of them will say? They will say, hey, i won 20$ over my 100$, i lost "their" money, i am in big plus.

Lots of BC-supporters say they are still in +% because they got them when bc was for example 50$! And they dont care coin was 280$ at one moment. They don't want to admit they lost over 220$ in last 7 days!

It's a problem you know! Help yourself! Get out of this game...

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helterskelter808

Can't comprehend that Paypal isn't a currency; calls other people morons.

Dude, don't you know that all open source software is safe, secure and without any flaws or exploits? 'Lots of people can read the code' so it must be, right?

And of course everyone reads the source code of programs before compiling and installing, and is qualified to know what evil stuff to look for.

Nobody ever just mindlessly installs software compiled by someone else, blindly assuming it's based on the source code they assume is safe.

dyna mo

if you're going to question bitcoin over the encryption and nsa's role in that, you might start with questioning your current credit card transactions, debit card transactions, etc as all secure encryption online is run with the encryption nsa manages.

mayabong

This might be of some help to you.

http://www.zerohedge.com/news/2013-0...aphics-bitcoin

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MikeRoth

Yes, these are relevant to my interests,

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96ukssob

Great stuff! Thank you

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