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Title: Bitcoin Future Fiction Post by: bitcoinfuturefiction on April 24, 2011, 03:17:34 AM Received this through my temporal newsreader this morning:
Mining China Published: December 8, 2041 Associated Press BEIJING--The first human Bitcoin mining efforts began today in outlying Chinese provinces. With the value of a Bitcoin approaching its high in the 2030s of $7 million, the Weifan Mining Corporation has begun pooling the mining efforts of people who used to work as peasant farmers. "Given the price of silicon, hardware can't be produced to mine effectively anymore," said Tian Dun, vice president of mining operations for Weifan. "The next step is to teach farmers how to perform the arithmetic necessary to mine for Bitcoins." The yield from human mining is exceedingly low, but China's 6 billion residents can, if they each perform a single floating-point operation per second, complete a TeraFLOP in a little under half an hour. "Ideally we could sign up the whole population to mine," said Mr. Tian. "A picocoin can feed a farmer's family for a whole week." Mark Halstrom, chairman of the Artforz Bitcoin Company, brushed off the notion that Weifan posed any competitive thread to the company's mining dominance but praised the idea of human mining. "If farmers can support themselves through mining efforts, there's no reason to try to discourage them." Halstrom is, of course, known for various mining innovations throughout the last decade. To power the company's Minnesota-based server farm, he began burning US dollar bills after peak oil was confirmed. And he encouraged nuclear-fission experiments to convert gold into hydrogen, to provide fuel for the well-known farm. Title: Re: Bitcoin Future Fiction Post by: kiba on April 24, 2011, 03:50:30 AM I wrote a story about Bitcoin and hyperinflation of the US dollars staring a very rich hobo.
http://bitcoinweekly.com/articles/bitcoin-rising |