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1461  Economy / Service Discussion / Re: Piper Paper Wallet - Why are there no replies??? on: July 22, 2013, 06:05:33 PM
A majority of people on this site have the expertise to generate paper wallets themselves and thus don't need it.  Those who can't do it themselves probably don't understand why they need a paper wallet.

Overall I like the ability to spend my coins so I use an armory offline wallet.
1462  Other / Beginners & Help / Re: Well shit on: July 22, 2013, 05:56:27 PM
If you don't use escrow you're going to get scammed.
1463  Other / Off-topic / Re: Where is Jaron Lanier ...? on: July 22, 2013, 05:49:53 PM
The library paid for the book and you paid for the library.
1464  Bitcoin / Hardware / Re: Liquid Synergy Designs Inc. -ASIC mining hardware on: July 22, 2013, 03:22:27 PM
Batch 1 was ordered May 1st, so should be any day now!!
1465  Other / Off-topic / Re: How bad would it be for a motercycle to just let it sit for a year? on: July 22, 2013, 05:15:28 AM
When you let the engine sit for a while the oil drains from all the crevices.  So when you start the engine it's not lubricated well for the first couple minutes while the oil gets pumped back in.  (I'm not sure how it works with a 2-stroke, I assume it's the same with the mix).
1466  Economy / Gambling / Re: Is it possible to "work" as a gambler and live off the profits? on: July 21, 2013, 07:52:45 PM
Poker is the only "gambling" game you can make a living at.  There are a few downsides.  Most people who play poker for a living are terrible people -- depressed, just a miserable group.  So those are now your new friends.

Gambling at satoshi dice or whatever site you're looking at is terrible -- it's pretty much impossible to win long term.  And martingale is the worst "strategy" you could pick -- it was almost certainly invented by casinos.  It is terrible for the player.
1467  Other / Beginners & Help / Re: just bought bitcoins on the market at 77.44 USD on: July 21, 2013, 07:36:10 PM
If you don't have a cent to your name you should do something else with the money you don't have.
1468  Other / Beginners & Help / Re: My First Rig - Guidance Required Please on: July 21, 2013, 03:33:24 AM
I'd only buy ASICs at this point.
1469  Economy / Speculation / Re: i dont get it, almost put this in the noob section cus its kinda a noob question on: July 21, 2013, 03:13:15 AM
Just think of it as gold or silver or stocks.  If you think the price will go up you should buy.  If you think the price will go down you should sell.  When the price was going up to 260 the people who sold at 180 were betting that it would crash quickly and the ones who bought those coins at 180 were thinking it would rise higher.
1470  Economy / Speculation / Re: i dont get it, almost put this in the noob section cus its kinda a noob question on: July 20, 2013, 11:25:41 PM
You're missing that you're buying and selling to people who are setting the price they want to buy and sell at.  The price is not set by some mathematical function of the number of coins bought or sold at.
1471  Bitcoin / Bitcoin Discussion / Re: Do I really need a Bitcoin wallet? on: July 20, 2013, 09:47:37 PM
Hardware wallets are coming soon, that should help.  But, the average Joe gets his identity /cc info / pension / savings / etc stolen all the time and is left with a permanent loss, so it's not totally different.
1472  Bitcoin / Hardware / Re: OK IS MY CALCULATIONS CORRECT? on: July 20, 2013, 09:43:10 PM
But it's 4A @ 12V.  Which is 48W.  At 5V, 48W is almost 10A at 100% efficiency (not possible) -- at 80% efficiency it's around 8A (see mufa above)
1473  Bitcoin / Hardware / Re: OK IS MY CALCULATIONS CORRECT? on: July 20, 2013, 07:57:22 PM
Output: 12volts 4000mA
2.5w / 12v = 200mA
Usb erupter uses 200mA
the 10x erupters would use 12 volts, about 1.9volt each
total current = 2 A
am i correct?

The erupters use 5V, not 1.9V -- volts don't get split up; amps do.  You're also assuming the 12V gets converted to 5V at 100% efficiency, which is probably not true, but I don't know what kind of regulation they use.
1474  Other / Off-topic / Re: How bad would it be for a motercycle to just let it sit for a year? on: July 20, 2013, 05:38:02 PM
It's better than riding it for a year.  How could it be worse?  The worst thing is to start it once a month "just to keep it oiled" or some nonsense.  Just remember it's a machine.
1475  Bitcoin / Hardware / Re: New single ASIC miner board on: July 20, 2013, 03:00:54 PM
I am encouraged by the creativity of this forum Great work.
But, the withdrawal of GPU mining in the near future, why is no one designing a board that will plug into the empty PCIe slots? I would think a 2 to 8 chip board with cooling would be a perfect fit, as power is right there with the unused PSU connector from the retired GPU. This might be a future consideration, as I see the small boards as expensive in relation to larger boards, price per square CM per hash rate.
What are your thoughts?

* USB is a much simpler (and cheaper) interface to work with than PCI-E for development of this type
* A single host computer can have a lot more USB devices connected to it than PCI
* The host doesn't even have to be a PC- it could be a raspberry pi or TP Link router
* The boards in development now use the PCI-E power connectors anyway that GPU's use

Yep -- say you currently have 10 computers with 6 GPUs each.  You could replace each GPU with 6 ASIC PCIe cards and still run 10 computers.  Or you could pull all the power supplies and run 60 USB ASIC cards off of one raspberry pi.  The pi uses onlye 5 W -- each computer before was using ~ 50W each, saving you 500W.  And you've cut your maintenance by a factor of 10 (firewall, system updates, etc).  Everything is centralized.
1476  Other / MultiBit / Re: Patching on: July 20, 2013, 06:04:18 AM
You should have a wallet backup(s) anyway.
1477  Bitcoin / Hardware / Re: Liquid Synergy Designs Inc. -ASIC mining hardware on: July 20, 2013, 05:51:00 AM
If you look at the address for batch 7 chips:   https://blockchain.info/address/1KSZGQg4WuXT3sj1dwDb79X7f94ghKH3T9  there are 88.236BTC right now.  So there's only about 1000 chips ordered from this batch so far.
1478  Other / MultiBit / Re: Two instances of Multibit on: July 20, 2013, 04:37:33 AM
Just create a new wallet on the USB drive.
1479  Other / MultiBit / Re: Two instances of Multibit on: July 20, 2013, 04:13:15 AM
Do you want your wallet to be on the USB key also?  You have to delete the default one (which will be in c:\appdata\blah) and create one on the USB key.  Make sure this is the correct wallet! 

It'll save the blockchain files to the USB key also.  Make sure you're running it off the USB key (the multibit.properties needs to be in the same folder as the .exe and that needs to be the local directory).
1480  Bitcoin / Bitcoin Discussion / Re: Do I really need a Bitcoin wallet? on: July 20, 2013, 01:21:31 AM
You can always export the private key to another wallet.  But sometimes you get a compressed private key which isn't compatible with all wallets.   It doesn't really matter though -- when you reinstall just reinstall the same wallet you were using.
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