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I am considering getting one Ant, the question is do you think it will pay itself off? Firstly by pay itself off I don't mean in USD spent, but in Bitcoin spent. Would it be able to make back 1 bitcoin at least?
Secondly, I see a lot of people buying so the diff will go up, some calculators tell me that with a 30% diff jump it WILL pay itself off in 3 months(excluding VAT,PSU purchase).
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Thumbs up from Satoshi and we're good to go? Cool well that's that sorted then.
Satoshi does not control Bitcoin, sure he made it but he does not control it. |
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The difficulty will change on the set amount of block. The block will be solved longer than 10 mins because there is less hash power. It might take days to solve one block. The difficulty will decrease eventually after every 504 blocks.
I hope that helps.
The difficulty changes every 2016 blocks in Bitcoin. |
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A couple of more questions. They ship, right? No pre-orders or delays? And the second most important question. My country's VAT is 20% of the item's price, what is the price of the item going to be on the box? Some people told me they write $900 which is 300 more than the price of the miner right now.
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I'd say worst case scenario 4 months+. There is a lot of hashrate coming from the late asic manufacturers.
If difficulty is max 20% difficulty increase per 2016 blocks, then there might be a chance. How fast do they ship to Europe? |
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Proof of these 100btc? You could be Mark Karpeles or his associates in disguise lying right now. What made me doubt you is this line As you can see Mark Karpeles is the honest guy on the planet!!!
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Old news, if you hang around 4chan you know about Shodan.
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And I've been here even longer and indeed I was left with the impression that no black people use Bitcoin. Buuut, I know you dislike them(your thread) so... |
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With only 21 million coins to exist and the high likelihood people will lose them (lots have been lost already), how does this not kill the idea of btc?
Dont get me wrong, I love it, but theres some common sense questions I can't talk myself out of.
Another one is what's the goal of this to replace? USD/EUR/GOLD/etc?
If cash its flawed in the sense that there's only 21m. am I to believe 1 btc will be worth 1m? btc would have to reach 1m in order for the smallest fraction of a btc allowed to be worth 1 cent. With btc at 1m that makes anyone with 100k btc the richest person in the world and makes Satoshi Nakamoto and multi-trillionaire.
One bitcoin(1BTC) can be subdivided into smaller fractions, like 0.5btc(or say 0.54395834) or 0.00000001. As of now only 8 decimals after the point are allowed, but in the future it can be made to be infinitely divisible. And yes, Satoshi would indeed be the richest person on Earth, hell with all the money he has he can dominate the Earth(or his descendants) if the worth of coins increases. |
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I am curious, this doesn't mean I will understand even one word from that paper there. A bit too advanced for me. |
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Look harder in the website. Do you see a search button? Figured. But of course if you call simply look it up the act of traversing 2^256 keys manually, page by page, then you need to visit a mental hospital. |
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No, if you roll the number 10000 you win 0.22B, which is really really rare.
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Doesn't playing poker for an income sound too good to be true?
No matter how lucky or good you are a gambling, you can't always be the winner.
As you lose you'll have to take bigger risks to recover, this will most likely drive you bankrupt.
Actually poker also takes skill, so if you are a skilled player yes you can always win. Provided you play in real life. |
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Hello!
This is just for educational purposes. We know that Satoshi has an enormous amount of bitcoins and that he has not moved them for a long time. I think we also know the bitcoin addresses containing those bitcoins.
What if someone wanted to steal those bitcoins? They would need both the public key and private key of the address. I know that it would take an enormous amount of time but is this technically doable?
Also, would mining pools be able to push to their clients a script to find those public and private keys? These pools have nowadays an enormous calculation power.
Good luck. If I recall correctly, there are more possible private keys than atoms on earth. If everyone on Earth had a copy of the world's most powerful supercomputer for free, and they were all trying to crack the same address 24/7 with their supercomputer, it would still take too long for anyone who started the process to ever live to see the address be cracked. Actually, nearly as many atoms in the entire universe if I remember correctly. So earth is just a small number of atoms compared to the priv keys. |
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I'm at work right now w/ 2 of my co-workers and one of them says "did you hear what happened to bitcoin?"
"the creator decided to shut it down, so everyone who had money in bitcoin has lost everything"
other co-worker: "was it that old guy from california they recently discovered?"
me: "are you sure the entire bitcoin network was shut down? I thought this just happened to one of the exchanges?"
co-worker: "No pretty sure this affected everyone's bitcoins"
other co-worker: "I don't know why anyone would put money in bitcoin... unless you're into drugs"
(btw- they don't know I have any bitcoins)
I didn't feel like correcting them or anything so I just kept quite. Regardless I got scared as shit for a moment and I immediately came here to see if there were any new updates... but it looks like he was referring to the whole GOX fiasco.
Wow.. I just got a first hand taste of the common perception/mentality of bitcoin. What's worse is that these guys are highly technical, not your avg common folk. We got a long way to go fellas.
I am deeply offended that you did not correct them and actually believed that Bitcoin was shutdown, you can't shutdown a worldwide project. |
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Facts and maths are great, but you never know do you!
That's why I've had my vanitygen running on the satoshi wallets since 2011.
Lol @ vanitygen. I've written a much optimized version. With 30k addresses, it generates AND compares with 33 million keys per second on the CPU. Vanitygen is much slower. Which for the purpose of this dubious scenario is like the guy with a bucket emptying the ocean laughing at the guy with a teaspoon trying to do the same thing.  Even so, my version is on the CPU and is therefore much efficient than a GPU which uses more watts. The key to this optimization is that I skip the base58 phase and use the RIPEMD160 hash and compare the bytes in a boolean expression. This way I also don't need to use PCRE ot strcmp. On my i5-4670k I do 33 million keys per second(which are compared to the list of 30k addresses) per thread. The only downside is this method requires a list of keys in a file, they are supplied in base58 format and inside they are decoded back to their RIPEMD160 states. |
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Facts and maths are great, but you never know do you!
That's why I've had my vanitygen running on the satoshi wallets since 2011.
Lol @ vanitygen. I've written a much optimized version. With 30k addresses, it generates AND compares with 33 million keys per second on the CPU. Vanitygen is much slower. |
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