Home mining just took a paus and it will be possible again with the help of 21 Inc or with something similar. Home mining shouldn't be about being required to have a full PC in order to mine with GPUs or have high-grade mining rigs. Home mining should be like having a router! Then everyone will embrace it and we will have our long waited decentralization. Patience and optimism is required!
I am not sure you understand 21 Incs business model. It has nothing to do with mining other than to use them as a token for microtransactions. They have zero skin in the actual mining game.... I don't think you understood my point. The 21 Inc computer is a small, low power device with a low footprint that actually CAN be run in every household, not like the GPUs. |
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What we really need for decentralization is something like the 21 inc computer. Something that can be set to plug-and-forget, not something that you use daily and that is prone to damage if you run it for 24/7 for 1-2 straight years.
You're describing an ASIC. Or at least something like what Spondoolies used to make. Are you still upset about not receiving a demo miner for free? If it's not that then what's your reason for going this route? Because you can't really compare a GPU, which has all the above enumerated downsides, with what 21 inc does (low footprint, low energy, less money than a full PC+GPU, with more blockchain capabilities and so on). Is it me or is everyone stuck on the war against ASICs which clearly impairs their ability to think clearly about the good and bad points? (like in the blocksize debate) ASICS and ASIC creators have basically destroyed home mining and you guys want to go to bat for them, sounds like a sucker for punishment or battered spouse syndrome thing is going on here.
GPU farms are bad but Scummy asic companies are 10 times worse if you don't get that check out all the threads of folks ripped off and STILL being ripped off by these clowns. Home mining just took a paus and it will be possible again with the help of 21 Inc or with something similar. Home mining shouldn't be about being required to have a full PC in order to mine with GPUs or have high-grade mining rigs. Home mining should be like having a router! Then everyone will embrace it and we will have our long waited decentralization. Patience and optimism is required! While it's not desirable in the long run I think we are fine for the moment. There are good and bad points to this centralization. Let's not forget the hundreds of bitcoins that were sent back by the miners for the high fee transactions. If we had the mining decentralized I don't think that would've happened. And let's be honest. Do you see any pool or any manufacturer going crazy and trying to rape us all at this point? Do you really think that Bitfury will do it? Or BITMAIN? I don't see that possible to be honest and that's very assuring for me. If you won't believe it then it's your problem, but it's not matching the reality. Just like in my above comment you need patience and optimism instead of this apocalyptic and unrealistic view. |
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KNC, Spondoolies....small to medium size fabricators/miners going broke, anyone see a pattern here?
Who would be next in that category I wonder?
No, surely not....
Who is left? Bitmain and Bitfury. None of them will fall. Anyone else?(except 21 Inc ofc) |
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Your delusional if you think GPU and ASIC mining is comparable. ANYONE can buy a gpu and fire up a rig. yeah maybe the big boys could get thier GPUs from the source maybe 50% cheaper than the regular joe but at least everyone has a shot. While you are correct that anyone can buy a gpu and fire up a rig the reality doesn't work like this. People will need a full PC to use the GPU, then they wouldn't be able to play any game on that PC, then they need to keep the PC running 24/7 and so on. There are many variables that just don't work. The big boys would be able to run the GPUs 24/7 while the home user only a couple of hours per day. The home user will need to upgrade his home electric circuit if he wants to fire up more rigs and he will need space and cooling for them. It's an added costs that the big boys can cut it by a lot using datacenters. There are many downsides to your scenario. Well, almost everyone has a PC.
PC usage is "decentralized" and we are not all using dumb terminals, which was envisioned in 60ies and 70ies.
I think that BTc/whatever coin decentralization is possible along the same line-a coin that has strictly CPU (not even GPU) algorithm without scaling.
I would think that it should be possible.
Yeah, but a GPU that mines for a decent speed costs money, then you need a good power supply, then you won't be able to play games on that PC while mining. You are asking home owners to invest in a GPU that will mine maybe less than 8 hours per day. What we really need for decentralization is something like the 21 inc computer. Something that can be set to plug-and-forget, not something that you use daily and that is prone to damage if you run it for 24/7 for 1-2 straight years. |
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Does anyone know how can I extract the public key from a ledger generated address?
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Anything that can get mined by any hardware is going to get mined almost entirely by a few large players anyway, because when you already have an assload of money people do you favors and allow you to get even further ahead. If someone can buy a thousand GPUs for 40% discount compared to the guy that can buy one, and can get wholesale electric for 1/3 the cost of average residential power, the game is always stacked in his favor. There is no hardware fight that the rich guys can't win; ASIC versus GPU is about how accessible the table scraps are to us peasants. You are so correct. People need to accept this and, while this is also not desirable in the long term, they need to think that the low number of miners can bring us some advantages that a huge amount of miners will not. For example it is much easier to recover from fee mistakes. The fact that there is only a handful of miners make it alsmost impossible to keep the incorrect huge fee, while having a bigger number of miners will make it almost impossible to recover fees in the order of bitcoins. I do believe that in time the number of miners will grow and will reach a healthy decentralization while also having a couple of big players in the field for various services. |
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The main point about this is that dogie lied and that nobody seems to care that much.
I don't think the (alleged) lie that dogie said is relevant to anything. What dogie paid to his attorney is between him and his lawyer. It is also not uncommon for attorneys to work on contingencies in that they do not get paid unless they win (and/or settle in their favor) the case and collect on the judgment. I believe that the primary issue that dogie is owed a substantial amount of money from Spondoolies-Tech, as well as the fact that Spondoolies-Tech took substantial amounts of money under questionable circumstances. You clearly missed the removal of "security of funds", but I will stop insisting on it. This IS a hardware thread and it IS about a hardware manufacturer The hardware manufacturer that you are talking about doesn't exists anymore since it's in liquidation. Do you have a real valid reason for this thread to be here? |
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Thank you Sweden for your retard laws. Thank you EU for your retard laws too!
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Didn't expected this! FU Sam Cole!
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I used to respect you on here, but this is just going deep south crazytown.
Dogie doesnt need to prove shit to you, or spondoolies. He just has to prove it in court (which bitcointalk clearly is not). The fact he removed 3 words from a post is you grasping at straws to somehow discredit him when theres a huge amount of proof that spondoolies owes him and others money for referrals/commissions. (again, spondoolies-tech must have been drunk when they throught 5,10,15% commission tiers were a smart idea, because that probably was the entire profit margin (or more) on producing the SP3x/SP20 product line)
I mean, who the fuck cares if dogie pays his lawyer up front? What do you have to gain by him proving it, and what does he have to gain by proving it? If anyting, it just provides spondoolies more ammunition to fight his claim in court, and witholding sensitive information is a smart move. The main point about this is that dogie lied and that nobody seems to care that much. He doesn't need to prove anything to me or to the forum and he should resolve his SP-Tech issues using the legal way, not whining and throwing bullshit in all directions, but the thing is that he insisted in trying to prove something which turned to be a lie! If he did it in the past or if he will do it again we don't know, but he should be treated accordingly. For example I am sure that none of the HF customers will believe anything that cypherdoc says now about ASIC chips and about technology start-ups! Why should we still believe what dogie has to say from now on once he was caught lying? Especially about something that could be solved by a legal third party in his favor or against him. Is it safe to assume that even if he wins anything maybe some details will not fully correspond with what dogie related? What if he exaggerated some stuff about this issue? I think I should start lying about any company since it seems that if you have any kind of respect here people will not question whatever you are stating!It should be noted that I don't have any details, as some of you may thing, I am just extrapolating something about a shady character. We do know that he refuses to show any tangible proof so that makes it a lie in my eyes. By the same judgement he can say that he is being owned $1000 or $1M! Are you kidding? hes not trying to sell you something, he has no need to prove shit to you. Unlike SP-Tech, who maintained for months that an SP50 was in the works, and used that lie to bolster the BTCS share price by nearly 30% before they sold off and declared bankruptcy (royally screwing over BTCS and shareholders in the process). [/quote] Do you know for a fact that another chip wasn't in the works? I think he sold the RoadStress account to one of the many trolls on here. Tupsu was always outlandish but RoadStress was at least trustworthy at one point.
Least trustworthy for asking some questions? Ok. I can live with that. The same way you are living with your lies and with your bullshit! And this account is not for sale! Unless Satoshi wants to dump his 1M BTC stash for it  Indeed! A whole 0.12 BTC to shut him up ROFL! Really??!! It's amazing that forum readers are accepting your retard arguments. Well done! You managed to hypnotize everyone! Tupsu gets it  |
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Why do we need to see an invoice from anyones solicitor? This is private information. We need to see the invoice to see if dogie was lying or not when he stated that the lawyer was paid "up front"! Apparently he can't back up his statement. Maybe there are other statements that he usually pulls out of his ass, but we don't know. We do know that he refuses to show any tangible proof so that makes it a lie in my eyes. By the same judgement he can say that he is being owned $1000 or $1M! What lies are you referring to, or are you just here for the pictures and shillfest?
Are you really reading all the posts here? We have 2 lies until now: 1) The posted receipt from dogie was first for "court fee and security of funds" which was later edited to "court fee..."; 2) dogie stated that the lawyer was paid "up front", but refuses to prove it. While dogie could clear up this issue very fast he refuses to do so. Just like Craig Wright refuses to really sign a message with the genesis block's address while stating that he is really Satoshi... BTCS is a publicly listed stock on OTC, meaning many of the shareholders are average people with mortgages and families to feed. Spondoolies was the one with 'rich' investors comprising of single wealthy individuals and VCs.
Going that route, huh? Ok! Let us know when will you be paying your full taxes so you can come here to mourn for the poor shareholders! The debts were owed since June 2014 and they've refused to pay through 10's of millions of $ of sales of SP30s, SP31, SP35s and SP20s Is this a statement that you will also edit in the future? Has someone bought your account or something, you've gone miles deep into crazy territory... Here is the correct quote since you are too shy to quote what I post! Yes or no! It's a simple answer! Will you edit the first quoted post of yours in the future? |
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The debts were owed since June 2014 and they've refused to pay through 10's of millions of $ of sales of SP30s, SP31, SP35s and SP20s Is this a statement that you will also edit in the future? |
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I was born in the first half of the last century and realize i don't know very much about anything, but the older i get the more it seems that
"What has been will be again, what has been done will be done again; there is nothing new under the sun."
Maybe the new generation is an exception.
~LOL~
While you are true, I was talking about the chips generation. |
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I am with @smooth on this one. How could you measure this?
Also, 1 mil GPUs could be just as good if not better if it meant 1mil nodes.
Nodes are disappearing on bitcoin side and growing somewhere else.
If we consider that a well funded and bad intended malicious party would want to take over the bitcoin network hashing power I think that there are at least 3 things that should be taken into consideration. 1) First and the most important is the the production cost of GH/s hashing power; 2) Second would be the requirements of infrastructure required for deploying enough hashpower to take over the network. I think we can include here things like how many total MW are required, what kind of cooling, GH/W ratio and so on; 3) The deployment speed of the total hashpower. Maybe there are more things that can affect this, but the ASICS surely got these 3 points covered way more better than 1 mil GPUs. I can think of many downsides of having 1 mil GPUs which would make it way more easier for the malicious party to do nasty things to the network. This is very obvious for me and I can't wait to hear your motivation for not thinking so. Also I totally agree with Biffa's above post BTC is going to die due to Asic's and Chinese Asic building tactics combine with self-mining.
I am in my late 50's and have seen a lot of patterns of commerce unfold. Don't compare bitcoin to anything! It's an all-in-one-one-of-a-kind thing and will not follow any legacy pattern! BTC Isn't the SHA256 algo at their absolute limits with the 16nm chip technology? We might get a 0.1W/GHS miner but I don't think we will get 0.001W/GHS anytime soon.
Don't underestimate brilliant minds! Later generations are always better! |
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Play a game? Show me your laywer receipt and I'll show you mine?!
You don't even understand why the ex-CEO of the company puppetting you wanted it nor how stupid it was, and yet you keep walking deeper into the fire. Spondoolies no longer exists; they lost and its done. At least now you can be free!You don't understand that you made a statement which proves to be wrong for as long as you will not publish your lawyer invoice and which you edited in order to hide your lie. As long as you refuse to show a real proof you are a LIAR! How much for the joy of seeing the chip knocked off RoadStress' shoulder and the scammer shoe put on his foot? Oh wait, that's priceless.  The best things in life are free; for everything else there's Visa Bitcoin. Try harder! |
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In my opinion the whole ASIC adventure was detrimental to bitcoin, producing gigantic difficulty crunch with almost no benefits.
As I see now, GPUs are just fine for securing the network as long as there are enough of them being deployed.
There are possibly 10-100 times more people willing to run GPUs than there are people who run ASIC-based miners.
The result is mining centralization and possible stagnation.
My worry is that bitcoin will turn out to be the yahoo and myspace of crypto while others (with one obvious candidate) run away as potential google, facebook of this space. That would be bad for me personally as I invested much more in btc success.
You are really ignoring the level of security the network has right now! |
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I removed it so simpletons like RoadStress don't get confused again
If by removing it you mean corrected a spotted lie then I fully agree! 5. While you're saying dumb stuff, would you like to make clear what remuneration you have received to date from Spondoolies?
Play a game? Show me your laywer receipt and I'll show you mine?! |
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Agreed. This is what I recommended in March 2014 about the use of self moderated threads.
I recommend you to stop editing your posts because this way people will have a hard time believing you. Let me refresh your memory with what was changed by you: Original post: 1. Receipt for filing court fees and security of funds [like a deposit in the case of loss to help pay the defendant's fees] Changed post: 1. Receipt for filing court fees... Maybe I should ask you more questions so you can edit your posts again... |
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Hey dogie with your lying past you don't expect us to simply believe you. Post the invoice with your lawyer fees too because otherwise your words are worth nothing!
1. No one cares if you believe me or not, you are no one. 2. No one else is required to believe me or not. dogie being a scumbag again: Original post: 1. Receipt for filing court fees and security of funds [like a deposit in the case of loss to help pay the defendant's fees] Changed post: 1. Receipt for filing court fees... |
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Documents so far: 1. Receipt for filing court fees and security of funds [like a deposit in the case of loss to help pay the defendant's fees]  Not yet, no. Lawyer is paid for up front so no changes. Hey dogie with your lying past you don't expect us to simply believe you. Post the invoice with your lawyer fees too because otherwise your words are worth nothing! |
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