Some details, // ... What you are seeing now will be the largest single increase - proportionately - for a given finite period. ... // If this finite period is 9 months (18 difficulty jumps, 30% hike everytime), then that would make all existing ASICs obsolete. Now the question is whether ASIC companies can do this for straight 9 months? Cointerra miners expected to release in 3 months (2014 Jan), priced @ $3 per GHash. At $1 per GHash levels, 1 PHash miner is just $1 million. At 167 Phash ($167 million ≈ 3 months of mtgox USD volume), no miners that exist now can do profitable electricity » Bitcoin conversion (per, https://bitcointalk.org/index.php?topic=281279.0). What's next? 22nm ASICs? Solar? Wind? Anyways, 2014 is going to be interesting. No FUD, just FYI.  |
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// ... What you are seeing now will be the largest single increase - proportionately - for a given finite period. ... // If this finite period is 9 months (18 difficulty jumps, 30% hike everytime), then that would make all existing ASICs obsolete. Anyways, 2014 is going to be interesting. |
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...
Again #304x as of 10/15/13 is marked as 'shipped'
Searing
300X Saturn order, paid on July 11 is "in progress". Not yet "shipping". In progress » shipping » shipped » received (working condition) » up and running » mining shares being accepted » BTC payout » group-buy dividend payout ... that's really a long way to go..  |
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If you want to know how much you are loosing (unrealized loss?!), per GHash, per day, just check cex.io GHS future "daily change".  That's about -0.04 BTC. |
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Order 160X Jupiter was shipped, paid on July 01.
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I think, still not there. Someone said it should be thousands of qubits.
1000 qbit ≈ 2 * 512 qbit processors I think, they (NASA, google, D-Wave) should have few hundreds of 512 qbit processors. |
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This order - in progress.
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GB2 Order - in progress..
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300X Saturn order, paid July 11, in progress. 364X Jupiter oder, paid July 15, in progress. One more week to ship??  |
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Successful delivery by September, as promised; so, how many more November pre-orders last 12 days? |
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Hi Stephen Gornick, thanks for your comments. I'll get back to this.
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there needs to be an escro service for asic companys
That's not how it works. ASIC companies can not use bitcoins / money, if it is with escrow. |
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6 people in Google + circle.
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One issue I see is, with bitcoins (10 BTC) transfered to a bank note ($100), now it would worth more ($1550).
Let's say it would cost $80 to print one copy of $100 perfect counterfeit note. Now, people are not likely to spend $80 to print a $100 note, but they will surely spend $80 to print something that is worth $1550.
So, may be we can not store higher values unless we do something (encryption / hash) to bank note serial number, through scrypt.
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Thanks, Sergio. I'm happy to see positive responses. I had theories like, bitcointalk was taken down as a result of my post to avoid possible implications. |
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Anyone with a gmail Id can request mogumodz to include yourself, in his Google+ mining circle.
There, we're already 4 people, including mogumodz.
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1. Bitcoin was Paid to 2-of-2 address
2. You have both 2-of-2 keys
3. One usual key + another key was generated from fiat serial number
4. Check block chain for balance
5. To transact, give $$ note to a person, transfer btc to new 2-of-2 Bitcoin address
Or,
With new 'pay-to-fiat-hash' transactions, these amount can be marked as un-spendable through block chain.
And, through a reverse trxn, 'pay-from-fiat-hash' btc can be paid back to a regular Bitcoin address.
I'm not clear with the complete details, can anyone understand the potential uses?
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Balance in my previous post may be misleading.. I mean, only BTC balance.
But, the note is worth, fiat + btc.
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