Thanks for the replies.
So the bitcoin client does what exactly? Send and receive bitcoins only?
Newer VM setups allow you to virtualize hardware, some graphics cards can now be used by a VM host machine.
I was thinking it would be more efficient to virtualize then throwing hardware at the problem.
Of course my understanding of bitcoins at the moment is simple at best.
Again, so I am clear on this. Bitcoins can be bought with money or mined with a PC?
thanks again...
no would not help. you still need the hardware, to perform the duty. it like saying: "motorcycles drives faster then cars, will they drive faster if i get a bigger steering wheel?" and you seems confused about english too  you're a very helpful person... thanks. i appreciate your kindness. |
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and you seems confused about english too a VM would not be as good as a GPU, it would be even worse then a CPU. gpus are about 20x faster then any cpu. and way more efficient in terms of Mhash/W and Mhash/$ |
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you sig is for rent ?
i will pay 2 btc for it....
and sorry for off topic
pm'd you. |
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bitcointoss waits for the transactions to confirm before sending out your reward. if you make transactions too fast after eachother, the bitcoin network, won't confirm them until later, to prevent spamming. |
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WAIT!!! the clients will rebroadcast the transactions after 30min of unconfirmedness
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NO ONE, not one entity in the world of Bitcoin can do something the rest of the participants wont like and get away without feeling the consequences. The behavior you describe would immediately be known to every participant and everyone could act in their self interest accordingly which would mean huge consequences for any business with such an intent.
BIG TIME LULZ! |
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You guys are forgetting that this isn't the only game in town. Even if he was to set up and run --lets say-- 2 Thash/s of ASICs, that isn't a monopoly or even 50%.
no but it could scare GPU miners away, and making him a monopoly. im all for the ASIC mining, but do it slow, and give people time to adjust. |
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This centralized mining is far away from what Satoshi envisioned ( everybody with a CPU can mine ); GPUs are fine and so are FPGA but ASIC which only a millionaire can develop is too far.
Satoshi, was for pools, and centralized mining. i think he wanted thousand midsized companies in the end, mine the blocks. it will not be profitable for small people, in 100 years. but it should be now, because thats what bitcoin is made of right now, alot of small people. im only saying it should be done slowly and peacefully, so bitcoin dont fall apart in the progress. please be careful Vladimir. |
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We are talking about a public company. The board of directors has a very important goal which is maximizing value and long term return on investment for the shareholders.
It does not seem feasible that we will have a monopoly on Bitcoin Mining. However, we do aim to become a major player maybe even the biggest player in this market.
Two things has changed, ASIC's have much higher density and much higher power efficiency. Therefore, unlike GPUs and FPGA's, ASIC mining has significant economies of scale and we are going to use it to our advantage.
We will be simply buying ASIC hardware from leading manufacturers and employ our scale and bargaining power to secure the best possible deal for our shareholders. It is highly unlikely (due to design of Bitcoin) that it would be beneficial for us to do any dirty tricks. The keyword here is "public company" we will be accountable to our shareholders and a significant degree of transparency is demanded by law. Fate of this company and Bitcoin will be very much intertwined.
There are discussions about placing it into "articles" (constitution of the company) that "controversial policy decisions" like which BIP to support etc. shall be brought to shareholder vote. If we do this we would effectively pass "voting power" to shareholders (those how paid for mining hardware). This is how we expect to address "51% fears". This is in a discussion stage for now and I am open for suggestions.
Of course, we will not be using any third party pools (this must be a good thing for Bitcoin).
Again, I am open for your questions and suggestions.
it is not a 51% fear. its a 30% cheap mining power fear, will become a 70% cheap and impossible to have any competition with. small miners will quit, if its not profitable for them. i would be more comfortable with you selling mining hardware, and thereby distribute the cheap mining power. |
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Unattended installation. This is for personal use, nothing harmful.
then why do you need no right click? i think you are gonna use it to something harmful(trojan, malware, evil stuff...) |
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We, however, have no plans to engage into manufacturing and sales of bitcoin mining hardware.
this could be bad. you could force minor(GPU) miners out and take control of the network, if you do not give them a chance to upgrade to better hardware(ASIC). but except that, GO! GO! GO!, secure the network. It is a dog eat dog world out there. I don't see why this is an issue. If Vladimir decides to invest hundreds of thousands of dollars into mining equipment, he should be able to reap the full rewards and not have to feel guilty about stepping on some toes. no he should, if he wants for bitcoin to succeed. this could be what kills bitcoin. it would also not be good for Vladimir, if he crashed bitcoin after pumping alot of money in to it. would you be worried if NSA build a big cluster of ASICs? |
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We, however, have no plans to engage into manufacturing and sales of bitcoin mining hardware.
this could be bad. you could force minor(GPU) miners out and take control of the network, if you do not give them a chance to upgrade to better hardware(ASIC). but except that, GO! GO! GO!, secure the network. |
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sounds stealthty and unethically. do not want this.
can you please explain why you need this?
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Delete BACKUP AND REMOVE! the wallet.dat that resides in: Windows: Linux: Mac OS X: ~/Library/Application Support/Bitcoin/ |
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sure it is, but that doesn't make it less true.
are you religious?
This is your opinion. It is not an objective statement. Moreover, calling people religious retards does not facilitate discourse but negate it. Whether I am "religious" or not, is irrelevant. For the record, however, I am a Christian and would be happy to debate anyone on this forum. it's not irrelevant when your personal opinion about God shine through is a discussion about objectivity and moral. leave god out of it, please. Religious people are suffering from the paranoid delusion that there exist a superior being, that will send them to hell if they does not do what he/she/it expects . Therefor they are mentally ill. Personal abuse isn't logic. If you can't best his arguments with reason, what makes you think that calling him names will do the job? nothing, its just more fun. |
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sure it is, but that doesn't make it less true.
are you religious?
This is your opinion. It is not an objective statement. Moreover, calling people religious retards does not facilitate discourse but negate it. Whether I am "religious" or not, is irrelevant. For the record, however, I am a Christian and would be happy to debate anyone on this forum. it's not irrelevant when your personal opinion about God shine through is a discussion about objectivity and moral. leave god out of it, please. Religious people are suffering from the paranoid delusion that there exist a superior being, that will send them to hell if they does not do what he/she/it expects . Therefor they are mentally ill. |
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Calling people religious retards is inappropriate.
sure it is, but that doesn't make it less true. are you religious? |
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how about we all just ignore him? giving him no attention at all?
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Man is bound to the Eternal Laws of God, a moral code, which exist everywhere, irrespective of whether they acknowledge it or not. which religion do you believe in? |
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okey, the first one was good. please stop now. make a thread!
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