PM'd  |
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Auction ends tomorrow! Get your bids in!!
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I want a full 1U x19" set of these (is that considered 1 or 2 units ?) but shipping from Florida to Western Canada can be a nightmare at times.
Well bitlane... you could be in luck. I recently discovered one of my contacts lives in Headingly, Manitoba. I don't need to pay duties. We literally send him stuff every other day. I'd just slip the box in, tell him about it, and have him ship it to you. I'm in Winnipeg, Manitoba as well, PM me if you need help with transit or anything. |
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Every disruptive technology (even within another disruptive eco-sphere like bitcoin) is usually declared as "the end of < insert previous tech >, dooming the < insert current status quo >". Assuming for one moment that BFL's claims are true, all we're witnessing here is the steady march of progress.
Radio/records were going to doom live performances.
Video recorders were going to be the end of TV/Movies.
FPGA is going to be the end of bitcoin.
See the pattern? Technology adoption evolves in ways that we can't easily predict, to the benefit of everyone.
Lets say everyone rushes and buys, produces a metric crap-ton of coins, prices oscillate wildly - hell, even get down to the $2 level -- this won't end bitcoin. I'd say that a lot of people would come out of the woodwork to grab some more. (yet *another* chance for all the disenfranchised 'I only heard about bitcoin a few months ago' people.) No? It happened late last November 2011. This isn't the end, in fact, as some have noted - it will turn the already powerful hashing network into an even more formidable force.
I understand the concerns of %51+ hash-attack, etc., but we've been at those crossroads before, and we haven't seen abuse. I don't personally have the funds to pursue this technology, but I have no problem with the increase of collective hashing power, as I see it strengthening the network overall.
Someone needs to do a ASIC killed the GPU Star remake of Video Killed the Radio Star. |
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those look sweet. how many MH/s are those?
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Satoshi would not want it to come to this.
How do you know? Are you channeling him now? I just think he would have wanted "the people" to have the coins, not the millionaires who can afford these special mining machines. So what if the Federal Reserve bought a bunch? If they are only $40k for a 1 TH/s unit, what is stopping them from dropping $10 million on 250 of these units and having 250 TH/s? And what's stopping them from doing that over and over again until they control the supply of bitcoins? Now, that would increase the value of the bitcoins that are already out in the wild, but we have to be aware of the fact that it allows the upper 1% TOO much control. I'm not a millionaire, and I can afford a Jalapeno device for $150. I'm sure lots of others can too. Yeah good point, I guess it depends on the volume they are able to make those... If we can get them in stacks, I guess the whole world is going to mine with Jalapeno's this winter.. So much for heating my house this winter with my rigs! The difficulty/trading price/network hashrate is going to go bonkers for awhile but I suppose it will correct itself... |
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Satoshi would not want it to come to this.
How do you know? Are you channeling him now? I just think he would have wanted "the people" to have the coins, not the millionaires who can afford these special mining machines. So what if the Federal Reserve bought a bunch? If they are only $40k for a 1 TH/s unit, what is stopping them from dropping $10 million on 250 of these units and having 250 TH/s? And what's stopping them from doing that over and over again until they control the supply of bitcoins? Now, that would increase the value of the bitcoins that are already out in the wild, but we have to be aware of the fact that it allows the upper 1% TOO much control. |
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The reason I said earlier that this would doom bitcoin is because right now, the "mining process" is done by the individual users in a "decentralized" fashion, and your average Joe can get a video card and start earning bitcoins, and then decide wether to sell them or stash them, if along comes an ASIC that is thousands of times more powerful, it makes GPU mining obsolete and all the average Joes out there are going to flip their cards on eBay (and the market will flood with GPUs, lowering their value) and people will get out of the mining game, and in a lot of cases, get out of bitcoin altogether. The thousands of users right now who are mining bitcoin on their computers are likely to purchase things off each other with those coins, and if you took away their income overnight, then a large percentage of them will walk away feeling cheated as some monster miner is mining all the coins.
Satoshi would not want it to come to this.
Forgive me if this logic doesn't make sense. Personally, if I could no longer mine coins anymore, I would sell all my hardware (as it is now useless) and then probably not invest in bitcoin anymore, unless those 3.5GH/s for $150 units are in large enough supply for me to get some, but in that case everyone will have them...
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nice spreadsheet they should sell these at auction, one at a time, and take the profits and just hold onto them as a reserve so their company gets more money in their pocket and people have a chance at getting each unit, and instead of giving someone a unit that will make them their investment back in a few days and then raping the network forever, this way they bid for it and might end up paying $150,000 instead of $40,000 to get it. |
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6 BTC |
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so that's what it would look like if Intel made a GPU F'n sexy! |
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Man, the difficulty is going to get so high.. I could see it hitting 100 TH/s by mid-2013 if they are releasing 1 TH/s units at those prices.
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this can't be real.. they are going to kill GPU mining altogether! at those prices.. 3.5 GH/s for $150 is like getting 6990's for $40 and they run on a little solar panel. This has to be a joke. They would ruin bitcoin by releasing something like this.
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I'm getting this error: xauth: (argv):1: merge: unable to open file /home/user/.Xauthority And when this happens, gpumon shows no card at all. And load unusually high at 8.. Sounds like my usb flash drive is failing? No, it's not failing.. I don't fully understand it, but X is what BAMT uses for it's video display.. Your best bet is flash the USB again and try again. Also, are you using a monitor? Your best bet is flash the USB fresh, plug it in, and turn on the rig with no monitor connected and use PuTTY to SSH in and configure it. If it still says Xauthority, flash it again. |
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So I thought I would share this with everyone.
Today I went to gblse.com to check it out.
I saw what looked like some scam page with an obviously mentally challenged person on it.
I got worried for a few minutes and then realized that the image was actually trying to tell me something.
Ok I get it, I'm an idiot.
Probably should have tried glbse.com instead.
Good job on typosquatting your own domain!
In the future guys, please include an automatic redirect after a certain amount of time, for those of us who have not yet had their coffee.
Thanks!
+1 on the automatic redirect! |
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The European volume is increasing. But why can't I hear the music?   LMFAO! |
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