So here's another set of questions:
1 - What is the average daily total volume of transactions in BTC?
2 - What is the total fees generated for the network from this and as a percentage?
3 - What is the cost of electricity for doing this?
I don't know the answers to this but would be interested, as this is the key to the future of BTC processing, once the incentive (and ability) to mine new coins falls away over time.
3. Last estimate I saw: 150000 $ US per day |
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What would you do with a bunch of potatoes?  |
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1 ltc? what do you live in africa??
A lot of people live in Africa. Hell, Alexander the Great thought Africa was so neat he built his own town there. |
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 I'm mining AbstractCoin |
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Picking up steam!
Isn't that dangerous? I don't think it's good for the electrical parts. |
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I'll need more information on the specific type of clouds, humidity, temperature, season and time of day.
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I want to put it there because I believe it does have a future It doesn't. Altcoins spelled their own doom by suffocating themselves in clones. But it's your toy money. You want to go here for your trade: https://bitcointalk.org/index.php?topic=209342.0 |
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NO MORE PRE ORDERS
Uhh, not sure what you mean by that. KnC provided 7 days for anyone with a pre-order to place their order and maintain pre-order queue. I think he means this: https://www.kncminer.com/news/news-16yes it's only for the lottery I know. I was trying to find a possible cause of his confusion. |
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Are you sure you are talking about a game producting its own cryptocurrency and players fight to acquire it in the game, or it's just a 3d minecraft interface to move existing coins around? Any link?
That first thing is called World of Warcraft. The mines are mobs. |
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NO MORE PRE ORDERS
Uhh, not sure what you mean by that. KnC provided 7 days for anyone with a pre-order to place their order and maintain pre-order queue. I think he means this: https://www.kncminer.com/news/news-16 |
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Sometimes I wonder what exactly people are doing on Internet forums. "I PRES BUTAN GOODE" Yes, Dolan, but I was talking more about.... Oh, now I get it, thanks, pal. "GREZWHAK PLS"
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I can already tell I won't like you. On the list you go.
What list is that? Also yes it is longer than 20 seconds. I can't believe that got you pissed off. The list of people I'm going to follow around and annoy purely because I can. |
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I give up. It's like talking to a wall of ASIC miners. "The 51% attack is not as problematic as it's made out to be, even if it occurs." - "But skript kiddies could do a 51% attack and what then?"
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Anything Kairosoft can be fun, but Game Dev Story in particular is among the weakest of the bunch, but most fondly remembered because it was the first one. Was it? The idea sounded awesome when I heard it and it looked pretty good. It IS pretty good, though the later Kairosoft Games are (aside from 1 or 2 exceptions) better. Can you name any? I don't seem to know of any. I like Dungeon Village, Epic Astro Story, Pocket League Story. Also Cafe Nipponica, but I'm a foodie, might not be for everyone. Which is your favorite? Pocket League Story. But I'm German, you know how we are with soccer. |
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Had Bitcoin not being designed this way, it would have been killed by a different kind of 51% attack in its early days, Bitcoin doesn't only need to face threats of governments, but also that from botnet operators, random script kiddles etc. In fact, that we are dealing with government pressure itself is evidence enough that the system worked. Also, 51% attackers can follow you wherever you go, however many times have hard-fork.
So you have 2, 3, maybe 4 hard-forks which brought the attackers exactly nothing. How many more times would they then try after that? "Dude, stop trying to hit that ghost with your sword. It went clean through doing nothing the last 5 times!" - "Maybe if I swing extra hard next time." |
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Anything Kairosoft can be fun, but Game Dev Story in particular is among the weakest of the bunch, but most fondly remembered because it was the first one. Was it? The idea sounded awesome when I heard it and it looked pretty good. It IS pretty good, though the later Kairosoft Games are (aside from 1 or 2 exceptions) better. Can you name any? I don't seem to know of any. I like Dungeon Village, Epic Astro Story, Pocket League Story. Also Cafe Nipponica, but I'm a foodie, might not be for everyone. |
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"maintain and secure"=protection against sabotage=beat any malicious third-party to it.
The dreaded 51% attack? That's not viable anyway. Fork off, kick out the responsible peers, resume mining on the 49% fork, 51% fork devalues, done. Whooppdeedoo. Now if you want to kill bitcoins, there are way more viable ways to do it. Like cutting off the arms ears eyes and mouths. Which is coincidentally exactly what's been starting to happen these last few weeks. |
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You completely miss the point. Mining is what miners do to prove(albeit usually without their awareness) to the Bitcoin investors/users their commitment to maintain and secure the payment network, the bitcoins you mined is the proof itself, every payment network requires substantial infrastructure investment, you can't build a Paypal/WU replacement with no solid hardware.
  Bitcoin miner capable of handling the entire Bitcoin network workload |
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I'm all for funding from any source as long as the funders are suitably informed and experienced within the field to decide where the money should go. This is why charities for example should delegate their money to research councils or have a team of dedicated scientists to decide who gets sponsorship.
Otherwise as I've said you could have people who have good intentions who desperately want to help cure cancer for example, and unknowingly donate money to 'quacks'.
Oh, you meant distribution of funds in the first place. Yeah. You're right. |
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