This link got hijacked long ago, for an answer go here;

https://bitcointalk.org/index.php?topic=34593.0

Since the previous thread was hijacked, here is the main page for the Heritage foundation.

In short their argument is more respect for property and more economic manoeuvre space creates a lot of wealth.

Does this mean socialism and high taxes to do whatever someone with a "plan" has come up with is bad idea?
YES!

Does it mean that "generally" regulation is a bad idea?
Probably.

Does it mean we should close the police stations and embrace free market justice provision?
No. The site contains the facts, don't extrapolate what might or might not be a workable theory and attack or defend that.

http://www.heritage.org/index/Ranking

Here are the top 11 as ranked for economic freedom, all of them at present are really developed places.

• Honk Kong
• Singapore
• Australia
• New Zealand
• Switzerland
• Canada
• Ireland
• Denmark
• United States
• Bahrain
• Chile

The South African government is being intimidated by a right wing hate monger (who is convinced he is a left wing social warrior for justice) and as a result we will probably soon have our mines nationalized. This is one of his many ideas for uplifting poor blacks from white economic oppression, another is bank nationalization.

Since mining companies make up the most of our stock exchange that will probably also lead to initial massive payouts as the government buys up the companies, then a major decline in that market. So goodbye to lots the money held in mutual funds and by the pension funds.

Massive amounts of investment will begin the exodus from our country and lead to a predictable oversupply of Rands (ZAR) and a consequent drop in price. This will have an incredibly inflationary effect on the poor and middle class and will put further pressure on the group that this grand idea was supposed to help. They are of course in this situation due to a whole bunch of other ideas the government has come up with to help them.

There is the option to protest via a reply.

I guess, just a lot of schlep. Would probably work though, thanks.

Fascinating no contest on that the system is coming to an end...

Possible definitions:
1. When the USD enters hyperinflation (100% or more per year)
2. When the federal gov default on its debt. (Includes debt restructuring)
3. When the federal gov has a truly balanced budget and is reducing debt at 5% or more per year.
4. When the federal gov is disbanded (would probably happen some time after 1 or 2 but might happen before or during)

I include number 3 because such a federal government would be something radically other then what exists today.

Hi folks,

I have 2 x 6990s (so 4 GPUs) running Windows 7, Catalyst 11.7, GuiMiner (newest one)

The miner keeps locking up if I activate GPU 0.

I have set the clock back down but the cards are still bios oc'd and at +20% power under AMD Catalyst. That did not work.
The problem started shortly after upgrading from Catalyst 11.4

Please help or give suggestions

Well the cool thing is that if that were to happen, then there would be the option of adjusting the source.

http://dot-bit.org/tools/nextDifficulty.php

There is something very interesting happening to namecoin. The surge in interest, followed by the sudden drop a few weeks ago has had the effect that difficulty has remained so high that miners are losing interest and leaving, further postponing the decrease in difficulty.

Given that most of the btc mining is for profit, the same thing might happen to btc if we see something severely affecting miners. If we lose 80% of our mining network for some reason it could take up to 10 weeks for the next difficulty adjustment. If the remaining miners then pull out since all that hard hashing isn't worth it, it would take much, much, much longer.

When I first head the replacement figure it was at 2 Million USD. That was only a few weeks ago. What will the whole network cost in 2 years time if anything close to the current growth in interest continues?

Here is the graph again, this the spike has dropped off.

That is currently being assigned to luck. We'll see if it holds... troubling if it does because 4 THashes was then just mobilized at once.

GPU 0 always seems to run the hottest.

Club 3D 6990s have a great design, air is sucked in on the flat side of the card and exhausted out the sides (back of case and front), so there is very little feeding of hot air from one card into another. If you have a MSI 890FXA-GD70 you should fit in 3 cards comfortably if you remove the PSU from the case (if you have a bottom mounted PSU)

I disagree, as does the difficulty history.

Yes, if I take the year to date into account and assume difficulty stabilises at close to its current level when price stabilizes (which seems reasonable) then the situation looks a bit better actually.

Agreed mining is not as good as buying it when you believe the price will ultimately just keep going up for a long time. But it's still better than most anything else you can get into.

139% per annum, made a mistake most likely in the currency conversions.

21450 ZAR for mining machine. With difficulty and price relatively stabalized the machine is making about 82 ZAR per day. That's 29930 ZAR per year or 139% per year. That is assuming price does not rise further, then the scenario is even better since there is a lag time to get new mining equipment online.

(Not included here is the devaluation of the machine over time or the larger amount of BTC it generated early in its live)

What other investment gives 140% ROI yearly when things are "bad"

You were right I did see a decrease, as fas as I can tell it was because the over clocking settings under "Performance -> AMD Overdrive" set the additional power back to 0% as opposed to + 20% where it was and because the clocks were set down from what their max was.

Please remember to use this in conjunction with MSI Afterburner to fine tune your fan speeds.