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Title: A bitcoin cloud? Post by: Anonymous on January 08, 2011, 03:30:56 PM http://www.openstack.org/ (http://www.openstack.org/)
What if the bitcoin botnet used this on its massive gpu cluster when not mining for coins ? Quote The OpenStack Open Source Cloud Mission: to produce the ubiquitous Open Source Cloud Computing platform that will meet the needs of public and private clouds regardless of size, by being simple to implement and massively scalable. Title: Re: A bitcoin cloud? Post by: Hal on January 08, 2011, 07:06:50 PM Why would it ever stop mining for coins?
Title: Re: A bitcoin cloud? Post by: Anonymous on January 08, 2011, 07:47:57 PM Why would it ever stop mining for coins? When its not economical. Also you might get paid in bitcoins by a company which rents the cloud. :) Title: Re: A bitcoin cloud? Post by: Local on January 08, 2011, 08:55:57 PM Why would it ever stop mining for coins? In the future fees will be the deciding factor in whether mining is worth it. In the extreme (120 years) right after a block is solved there will be no reason to mine because all fees will have just been awarded (or maybe not I guess) and miners will wait until more fees are queued up before they devote their power. A neat side effect is that the variance in block time will go down. And the average time to next block will be lower in busy times and higher in off-peak hours. |