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1501  Bitcoin / Mining / Re: Poll - What kind of miner are you? on: September 14, 2012, 08:09:02 AM
I'm an ex miner.
1502  Economy / Securities / Re: [GLBSE] ASICMINER: Entering the Future of ASIC Mining by Inventing It on: September 13, 2012, 07:30:58 AM
Can you give a ballpark on the power requirements of the 50 ghash module?

friedcat may want to correct this with updated data, but based on their preliminary specs it'll be about 500 W (https://bitcointalk.org/index.php?topic=91173.msg1062854#msg1062854).

That's 50GH/s = 1.25 GH/s / chip * 40 chips.
and 40 chips * 13.3 W / chip = 532 W

Of course you'd also need to add power consumption of the periphery.
We have done a lot in the past month and the power consumption is already much less than it. Tongue

I'm now collecting the tech details for announcement.

While investors are eager to learn about the progress, announcements of this kind have no positive effect on the progress of this endeavor. On the other hand, the announcements may offer important targets for competitors' engineering and marketing efforts.
1503  Other / Off-topic / Re: (Assuming you shave your facial hair) Do you use aftershave? on: September 12, 2012, 05:13:34 PM
I was curious if people who used any form of disinfectant (from fancy lotions to rubbing alcohol) tried omitting this completely? I can see how it might be needed with old-school brushes full of bacteria, but nowadays I think it is unnecessary. I've never had an infected cut. I use a foam or gel and reusable double razors that I rinse and air dry when I'm done.
1504  Other / Off-topic / Re: Shipping BFL labs greatest weakness? on: September 12, 2012, 05:06:29 PM
BFL's problem is customers have to order, pay, wait, then receive(if BFL can actually deliever).
Normally, customers order, wait, receive, then pay.
I would like that too.  I understand they don't want to take the risk on these items and people not paying or any other issues but I would like the order and and then pay when its ready. 
but then they wouldn't have the capital for development and production

then you do what ever other competent business venture does, you get investors to front the money and assume the risk. you don't put that burden on your customers.
Unless your customers are perfectly willing to take the burden, just like in this case. I wasn't willing to, and I am not a customer. I've got nothing to complain about.
1505  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: September 12, 2012, 05:10:59 AM
...whaaat?  Ok goxlive also show this, so this was not mistake... jeez this thing is big!

About $1.8M sitting in somebody's account(s) on MtGox. I suddenly feel inadequate.
1506  Economy / Speculation / Re: What is Bitcoin's tipping point? on: September 12, 2012, 05:06:38 AM
I don't think there is any one "tipping point".  Each incremental improvement to the Bitcoin economy improves liquidity, market depth, and volatility.
They are all improved relative to 1 year ago and 3 years ago.  If they keep improving Bitcoin will keep growing and become more and more attractive.

If they don't ... then Bitcoin will shrink significantly.  I don't think it will ever go away at this point. 

Agreed, it will be a curve. In hindsight, we might be able to point at different moments and say "this was the tipping point", but there's no way of predicting them from this side of the arrow of time.

The tipping point will be imminent if and when we see exponential growth in adoption, not in the influx of fiat capital. Only wide adoption can lead to a tipping point which, in turn, will lead to reasonable stability and entrenchment.

By "wide adoption" I don't mean a universally accepted world currency (this is a pipedream), but a share comparable to silver or gold, as suggested in the OP.

Also, as suggested in some of the posts above, we might arrive to the same state of affairs without going through a dramatic expansion and a tipping point, but rather through a series of incremental (and somewhat boring, if you are addicted to drama) improvements.
1507  Economy / Speculation / Re: 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM on: September 12, 2012, 04:56:33 AM
We've seen coins before go directly to 1Dky after being deposited to Silk Road - that's a single hop.

Alright. Case closed, thread locked? Also, this:

Probably because too many eyes looking at it is bad for business.
I suspect you'll never see an address with that amount of Bitcoins again, even if the address belongs to MtGox and not to SR.

What would you do if 400 geeks spent most of the day looking at your bank account and posting on a forum even the tiniest tx you made in or out of your account?
1508  Economy / Securities / Re: [GLBSE] [Bakewell] - New contract now live @ glbse! on: September 12, 2012, 04:37:45 AM
It turns out Ian and I are neighbours, so we met over a drink and had a chat about lots of things, including his business and Bitcoin in general. I feel it's a good idea to share my impressions and thoughts, so here they are:

  • Ian looks exactly like the guy from the picture above, minus the sock on his head. Not even a tinfoil hat. Make of it what you will.
  • He knows what he is talking about, and he does his homework. Specifically, we discussed in some detail the mining rigs and software, pools, networking, digital commodities, and legal aspects of his operation.
  • His operation has a significant competitive advantage in terms of cost of electricity - right now it is absorbed by a huge apartment complex, and even if he decides to start a stand-alone farm, the price in Alberta is presently $0.05-$0.09 per kWh.

Disclaimer: I have no conflict of interest to declare at this moment, as I do not own any shares yet. However, I am considering an investment.
1509  Bitcoin / Bitcoin Discussion / Re: Bitcoin's are totally useless once you have a state of WAR! on: September 11, 2012, 11:14:58 PM
@ChupacabraHunter: 25 replies, and no word from you. That's not nice. I was hoping for a discussion, or at least an update.
1510  Other / Off-topic / Re: [NSFW] Who is your favorite 'Naked News' Correspondent ? on: September 11, 2012, 11:05:25 PM
I did watch them regularly for a few months, about 10 years ago - at work in a USDOE facility. No one ever complained. Not sure why I stopped, IIRC they started nagging with subscription. I remember I had favorites back then - one of them was pregnant - but I am pretty sure none still work there after so much time. The favorites had one thing in common: natural looks, not much makeup, and having fun with what they do.
1511  Other / Off-topic / (Assuming you shave your facial hair) Do you use aftershave? on: September 11, 2012, 10:59:05 PM
I quit using aftershave years ago after I realized it is a totally useless and unnecessary gimmick.
1512  Economy / Trading Discussion / Re: Money Management for Unregulated Securities on: September 11, 2012, 10:04:30 PM
^sure, getting to know people doesn't prove anything, but it does make scamming much harder. Most scammers would rather give up on you and go for easier targets. In some sense, the only reason why my advice works is because not everyone is following it.
1513  Bitcoin / Project Development / Re: Hiring C++ and JS programmers on: September 11, 2012, 07:28:20 PM
Is it a competitor of Bitcoin, or it complements it?
1514  Bitcoin / Bitcoin Discussion / Re: Are Bitcoins Martial Law Proof? on: September 11, 2012, 02:57:30 PM

http://bitcoinstatus.rowit.co.uk/

I encourage bitcoin users to use the Satoshi client or any other client that downloads the full blockchain so it is stored on your comptuer.  


Do you know how big ( Megabytes ) that is?

A USB passed around could help as well.

 http://blockchain.info/charts/blocks-size
1515  Economy / Securities / Re: Havelock Investments Mining Fund on: September 11, 2012, 05:29:58 AM
harnett @ starfish BCB. It is listed in longterm lending.

Interesting. Good luck.

4 percent per month is a bit lacking when Patrick offers the same with better terms.

Actually, at current prices it's four times less, about 13% annual yield. On the other hand, it's three times more than what I can get from my bank. To me this the sweet spot of the risk/return ratio.  It is based in a real-world operation with a specific business plan, financial reports, and references from a well-established and reputable business partner (cavirtex).
1516  Economy / Securities / Re: Havelock Investments Mining Fund on: September 11, 2012, 01:02:15 AM
When might we see some other securities launched on the havelockinvestments.com site?

I've heard rumors that Virtex is going public!
1517  Economy / Service Discussion / Re: Personal responsiblity and the Ponzi scam. on: September 10, 2012, 06:42:20 AM
The OP should be stickied.
1518  Bitcoin / Bitcoin Discussion / Re: A Letter to Matthew on: September 10, 2012, 06:08:38 AM
C'mon, folks, this is really pathetic.  Just look at all the MNW videos, interviews, and posts. You did look at these before deciding to do business or anything else with him, right?  What were you expecting?  I find it preposterous that any one of you here would claim how you trusted him and supported him, but now he really let you down so you are scolding him.
1519  Bitcoin / Bitcoin Discussion / Re: Romney's tax returns - first Bitcoin extortion? on: September 10, 2012, 04:19:41 AM
I was hoping for some side-channel attack. Do we even know if rar uses AES? Even if it does, how is it implemented? Does it help that in this case we can assume certain things about the plain text (pdf format)? Come on, can't bitcoin community do better than brute-forcing and dictionary?
1520  Other / Off-topic / Re: Phinnaeus' Posting Activity by Time profile statistics graphic looks... on: September 10, 2012, 04:05:53 AM
I wish to inform you, at this point, that none of the data collected of people's activity stats will be forwarded to and/or used by any third parties such as federal institutions, online marketing companies or lovers of suggestive art!

Information obtained from comparing, analyzing and interpreting publicly available forum user activity statistics shall be used solely to make the experience here even better, for you, me and everyone else involved.

Thank you for participating!


Oh, and here:
http://25.media.tumblr.com/tumblr_ljvt8lCqnp1qzsmdco1_400.jpg



Hehe, he said "third parties"... PG, you gonna let him poke fun at your Mississippi girl?
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