This is one time where policymakers being totally ignorant about the internet actually works FOR us.
By the time they try to "do" something, it will be hilariously too late - the network is too widespread now. Couldn't happen to a better group of bribed jackwads.
For BitCoin to go mainstream we unfortunatley must have their stinky hands in it. Would you rather this be a tiny $1-3 Billion market as it is now or a $1 Trillion+ that it could be? If you think "they" will let it get any bigger than it is now, without greasing the powers that be you have alot to learn.
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2 x USB Miner vs. Radeon 7970, a simple power calculation for german users:
7970: let's give it 180W (GPU only) -> 0,18 kWh x 24h x 31d x 0,27 EUR = 36 EUR / month ~ 46 USD / month power costs 2 x USB Miner: 5W -> 0,005 kWh x 24h x 31d x 0,27 EUR = 1 EUR / month ~ 1.28 USD / month power costs
Well, in my book there are no open questions...
I am well aware of that calculation. Still as someone else in here already wrote: The stick definetly is overpriced because production cost can't be that high. From what I found in those forums the current per unit price for the Avalon chip in BTC is at about 0.09 in the group buys. Someone else in the forum is offering to build 10 or 20 chips into a nice miner for just about 1 BTC on top of the cost for the chips. That's essentially the same price as the Block Erupter at ten times the mining power for the 10 chip version. And I am currently looking into hopping on that boat instead of wasting my money on this thing here. link please
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I propose that this thread be renamed: From: Re: GLDCoin - A Litecoin Based Currency With a More Favorable Block Reward
To: GLDCoin - An Scrypt Based Currency With a More Favorable Block Reward Than LiteCoin
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Really hope Operatr could give us a head start over Jasinlee fpga... I hope we are still leading ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I can't speak for Jasinlee beyond what he has publicly stated to the community, I have no desires to start a rumor mill. I hope they succeed as well, as it is only good for the network. It is great there are others taking the initiative. We'll let our work speak for itself ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 1. Do you think the market and community is ready for FPGA Litecoin? Market, maybe. Community, YES! If you can pull better numbers per joule and come in cheaper on hardware cost vs gpu, people will eat em up!
2. Is there definite interest in FPGA Litecoin machines? Would you buy one if the price was reasonable? What is reasonable? Yes! Yes!
Free! That will depend on the output. What suckered me into pre-ordering a jala was the price point provide a LOT of hash for the money... If possible, make em scale. There are a ton of people who want to get in on crypto currency because of ideals or greed and typically it's easier to get your feet wet on any endevour if it does not require a second mortgage to do so.
3. Would you pre-order one to support first round funding for prototyping and first wave production? Thats a hard one to call. I think that would tie in directly to price. Same with answer 2, it was easier to take a chance on a BFL pre-order because it was not a lot of money. Will I shell out $15k? Not on your life. Will I shell out $200 to be an early adopter? Probably.
Some thoughts: I LOVE the mere mention of escrow for funds on a pre-order on your site. If you just manage to do the opposite of everything BFL has done with their ASIC offerings, you will do very well for yourself.
I wish you luck
I find BFL's situation appalling, they are certainly a good example of what not to do ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) When funding time comes we'll have a real number to hit to meet the requirement for a certain number of production units before receiving the funds, anything over would start the fund for batch 2. We are eyeing a price/performance target similar to an upper end GPU, while being a lot less costly to operate long term.
What I have yet to see is either the BlockBurner team or jasinlee say "Oh yeah, we're genius cryptanalysts and found ways that scrypt(1024,1,1) can be calculated much faster and/or with significantly less logic than anyone else has figured out how to."
We'll, I can say watching the devs chat is like a different language to me, even with my own technical background. Our design is in progress, much of which currently is certainly centered on the best route to take on many specific aspects in regard to Scrypt hashing. I'm careful to release more information that we should, but I'm dying to give a proper update ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Should I jump off a cliff covered in green jello?
Yes, but just for fun the entertainment of Youtube viewers everywhere. Fixed that for you! Well, anything for the cause ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I've spoken with Enterpoint, http://enterpoint.co.uk/ and they have told me they are thinking about developing a Litecoin FPGA miner in the next couple months. opps more competition, at the end is always who can finished the race faster.. We can always use more motivation ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) We now have Newsletters and Forums! Visit our site to sign upWould you guys consider a kickstarter project?
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I am spending lot of time to make this coin a succes. I hope others will do the same.
Me too, but its all worth it! Look at how big GLD is already becoming! More and more people seeing the light and are hopping on the GLDCoin wagon ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) lets get this wagon stuffed ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) +1
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I would like to help get this coin moving, what does this need for further success? I noticed someone just put up a block explorer for WDC and the site looked like it had block explorers for a few other coins too.. maybe get in touch with them about adding a GLD block explorer? I can't remember the post/site but I will try to find it again.. Ok peter Aziz, thanks for the backup on btc-e troll wall, can the rest of you jump on too? lets see if we can swing some traders to our side.
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I would like to help get this coin moving, what does this need for further success? I noticed someone just put up a block explorer for WDC and the site looked like it had block explorers for a few other coins too.. maybe get in touch with them about adding a GLD block explorer? I can't remember the post/site but I will try to find it again.. link please
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CNC is now trading for 0.0008 BTC, perhaps GLD can take it's place
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Has the creator (gldcoin) come out from behind the curtain yet?
no and to be honest I haven't seen him/her in a few days... kinda sucks not to have the dev around with us Maybe he is around and you and me dont know it. His/Her original post stated that their gldcoin account was an alternate to their main account for privacy reasons. that is not a good way to have your coin supported.. why the need to hide because you made a coin? The creator launched the coin and we the owners and miners should take it from their. and that's what we are doing, fuck the rest ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I would like to help get this coin moving, what does this need for further success?
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Ted Nelson, the American academic who in 1963 coined the term hypertext, and is therefore viewed as one of the World Wide Web’s founding fathers, just released a 12-minute video with a big reveal at the end: The inventor of bitcoin, says Nelson, is probably Japanese mathematician Shinichi Mochizuki.
Nelson offers no direct evidence for his conclusion that Shinichi Mochizuki is behind the pseudonymous creator of bitcoin, Satoshi Nakamoto. Instead, in his eccentric way, he offers plausible circumstantial evidence about his theory, outlined below. Internet surfers and the press are bound to investigate furiously.
1. Mochizuki is the kind of genius who could create bitcoin. Whoever created Bitcoin has the intellectual might of Isaac Newton, says Nelson. Mochizuki’s work as a mathematician has cracked some of the simplest and toughest problems in his field, attracting global media coverage.
2. Mochizuki, like the creator of bitcoin, is fond of dropping brilliant works on the internet and stepping back. Bitcoin was released by a pseudonymous programmer (or programmers) under the name Satoshi Nakamoto, who then disappeared from the internet. Nelson compares this to Mochizuki’s style of delivering his work not through academic journals, but simply by dropping it on the internet and walking away. (Notably, this is one area where Nelson gets his bitcoin history wrong: Satoshi Nakamoto didn’t just drop bitcoin onto the internet and disappear. He, she or they, engaged with the community for some time over chat and email before disappearing.)
3. Mochizuki could easily have written all the correspondence associated with Satoshi Nakamoto. Despite being a Japanese professor at a Japanese university, Mochizuki’s English must be quite good, says Nelson, because he was the salutatorian of his graduating class at Princeton, and he completed his undergraduate education in only three years. (Nelson doesn’t note this, but it’s reasonable to expect that Mochizuki is actually a native English speaker; he moved to the US with his parents when he was only five years old.)
It’s worth noting that at least one expert in the cryptographic aspects of bitcoin doesn’t believe Nelson’s theory. Here’s Ryan Lackey, creator of Sealand, the world’s first data haven, refuting Nelson’s video:
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Has the creator (gldcoin) come out from behind the curtain yet?
no and to be honest I haven't seen him/her in a few days... kinda sucks not to have the dev around with us Maybe he is around and you and me dont know it. His/Her original post stated that their gldcoin account was an alternate to their main account for privacy reasons.
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I think this is a pretty sweet idea. How feasible is it though? Is this more at the 'hey this a good idea stage' or the 'hey I think I can actually make this it wouldn't be that tough' stage? I've done the schematic and I'm partially through the board layout now. Maybe tomorrow will have something concrete. But still pending on Avalon docs forthcoming. Well high-five to you then sir. You have an excellent product on your hand if it all pans out. You should go full steam ahead with this. Be fantastic to augment mining rigs with some usb asic's. Hell open up a new company with stocks at BCT-TC to raise funds while your at it, because I'd like to buy in. +1
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Operatr, Thank you for taking the time to be as open as you are with your latest post, the community sincerely thanks you for that.
Regarding the "Crucible" can you comment on your expectations and goals?
In your OP and on the FAQ you state that you do not have any hashing details yet, but I and others here would like to know "Your" expectations and goals about the final design.
KH Goal: ?? Price per KH: ?? Any other goal details that you would like to share?
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I think the name gldcoin and symbol GLD are very attractive. So, it seems like anyone who has GLD should hold on to it for later. You never know, it might get picked up by an exchange.
I don't think "GLDcoin" is an attractive name. I do. Gold Coin as a name is much better than feathercoin or mincoin or bitbar or any of the other recent alt coins that have cropped up recently.
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Can anybody post a TL;DR version for those of us that do not speak Chinese?
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btw, the new logo looks really nice, kudos to the designer
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I think this coin could manage to take of, mainly because as was already posted in this thread, the wealth was spread around a lot which helped make the launch more successful because people are more interested in a coin they actually have.
+1
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