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It is extremely difficult to bootstrap currency like Bitcoin. It is simply necessary to have in place significant incentives in the first few years to get over period of initial vulnerability and ensure that the network is secured as quickly as possible.
Go create your own inflationary currency, if it is so easy. You talk the talk, now show us that you can walk the walk.
Also many noobs seem to fail to realize that they ARE the early adopters. In age of ASIC mining anyone who mined using GPU's in GPU age will look like CPU miners of early 2010 look now.
Do not be a stupid jelly whiner, cease the opportunity instead. For example, go sell miners some shovels and jeans if you are too frail to work in the pit yourself.
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USD (and other fiat currencies) are indeed giant pyramid schemes.
Moreover, they have a monopoly on pyramid schemes by effectively outlawing other pyramid schemes.
Moreover, they have an image of a pyramid on the dollar bill. I bet they had quite a rolf on Jekyll Island while deciding what to put there. Like "how many decades will it take the slaves to figure it out, while it is in front of their stupid eyes all the time, lol".
Moreover, this pyramid scheme is designed to fall eventually since it's continued existence is based on ever growing debt levels which effectively often replace real organic economy growth. The debt growth must be exponential which creates a mathematical certainty that sooner or later it stops being sustainable. As soon as debt stops growing the pyramid will collapse. This effectively and indisputably guarantees it's eventuall collapse, this is not economics it is hard math, you cannot outlaw laws of math, you cannot legislate away impossibility of sustainable exponential growth.
Comparing to this, calling Bitcoin, with it's finite inflation model, a pyramid scheme is naive to the extreme.
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Why is gold a lousy medium of exchange?
Why people have invented paper money in the first place? Looks like gold bugs will eat me alive now, what a heresy "gold is not a perfect medium of exchange". Can you you teleport gold? |
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medium of exchange... shmedium of exchange...
This is a fairly simple concept. Fiat money are presently a decent 'medium of exchange', gold is historically a decent 'store of value'. At the same time fiat money are horrible 'store of value' and gold is lousy 'medium of exchange'.
It's a little miracle that Bitcoin actually has properties which make it (maybe only potentially yet) both decent 'medium of exchange' AND 'store of value'. It is just for some reason people tend to focus on one side or another and fail to see the big picture.
Perhaps one needs an INTP mind (or some serious effort plus knowledge of basics of crypto and economy) to get all the bitcoin's intertwined concepts and see how it is a nobrainer that bitcoin is way better than both fiat and gold.
Survival of the fittest at it's finest.
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Just a quick clarification. I am not offering specifically 1 Ghps, it could be 0.46 or 2.15 or 12.345 Ghps, depending on valuation of assets.
But the best for shareholders would be simple setting up an offer and allowing interesting parties to bid on it, kind of like a tender.
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yep, great idea! Youtube revenue from great video of spectacularly blowing up a self made PSU could be higher than any possible savings you hoped to get by replacing decent and expensive PSU's. |
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Vladimir ...
Getting really disgusted by your profiteering from the Bitcoin community. At your prices you are already making an obscene margin. Now you swoop in like some vulture offering 75% of a fair value - by definition unfair. Go pick over someone else's carcass. Truely shameful.
Vulture offering it is indeed. But come on.... this way you do not have to be worried about failed motherboards and hard drives. Welcome to the capitalism, my friend. Please don't reply with some bullsh!t comparison to some rare alternative way to invest dollars which would have lossed everything. Reply with a comparison to mining using my own purchased kit....
Yea right... Professional work cost money. Why shall I compare it with zero wage hobbyists or fees amateurs charge? Why would you expect me to take used (and probably abused) hardware at the price of new? Did you ever used services of a plumber? Did you pay him 10 times what it would cost you to do the job yourself? What about taxi drivers? Did you ever paid for a taxi ride? Was it more expensive than it would take you to drive yourself? Why do you think I should work for you for free? But if you prefer to lose it all to endlessly failing hardware, pool charges and other inefficiencies, be my guest. and while we are at that... If instead of buying your shares you bought my mining contracts at the time, do you think you would be better off now? I do not know the answer, really, but it seems not so inconceivable, feel free to do the math. |
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It's a "take it or leave it" kind of offer, overpriced or not. If you do not like it do not take it. Simple really.
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he wants a call probably, if so I potentially could sell such a call for about 4$
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What you are proposing is to run DISHWARA in place of Dishwara himself?
(ie: you send profit to DISHWARA address, and Dishwara pay dividends or re-buy the shares)
Not exactly, I propose to exchange hardware for my 4 month mining contract. Can make regular transfers on this contract to any set of bitcoin addresses in specified proportion. It can be one address (dishwara) or it can be a few addresses (shareholders). Up to you. |
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4 nos. of MSI R6970 Lighting cards
2 nos. of MSI R5870 lighting cards
2 nos. of ASUS EAH5870 cards
may consider taking on PSU's and other 5870 card too, depending on price/valuation.
Ship these to me. I will take them in at 75% of fair market value. Will create my standard mining contract (440£/month 4 Month minimum), will drop minimum 1 Ghps requirement and will calculate generation capacity based on value of hardware received. Will pay daily or weekly to a specified set of bitcoin addresses in specified proportion with zero-variance delivery.
Not sure if this is helpful or viable to you, but this is what I can do to help.
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How do you protect bitcoin from an Electro-Magnetic Pulse? Faraday Cage. |
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Great stuff, thank you. I was waiting for someone to do wrappers around that ADL lib (lazy I know). Will give it a try shortly, on a variety of cards. Thanks Again.
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Anyway, in that video dude claims that he received and offer from someone to create a 'pro bitcoin video' for 2000 USD, he supposedly replied with demand of 10 mil USD for this, and than some counter offer was received for 20 000 USD.
None of this sounds plausible at all. Imagine you are some 'bitcoin investor' would you really hire this guy (or anyone) for 10k$ to be a "pro bitcoin" shill? What's the ROI on that?
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yep seems you are right....
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had no problems with 9mart cables and the arrived surprisingly fast.
Ironically, I almost filed a chargeback request because they used camera2000.com in the transactions description.
Anyway, I am now getting 1x pcie risers direct from chine for less than 3$ a piece (in bulk).
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I had issues when mixing 58xx and 69xx cards in one system. I use linux, of course. The first symptom is X going crazy and taking 100% CPU. Probably drivers have hard time to serve different types of cards simultaneously.
Did not have much time to look into it, really, simply switched to making systems with only 58xx or 69xx cards but not a mix of them.
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