Are you sure if this kind of wiring would not disturb the output of the whole 12V rail since it is connected to a 5V rail? I think 5V rail and 12V rail have very different current

This totally defeated the purpose of running RAID 10, such high fail rate is already higher than conventional HDD, and I don't think RAID 0 is needed for SSD, they are already enough fast. Use two RAID 1 to backup each other is a better solution, but anyway this is very strange, RAID 1 should give enough warning before a total failure

Exchanges are like banks, they always have the possibility to use FRB. since the fake coins comes from their database, not from the cold storage, an audit of the cold storage will not help

Traditionally, banks using FRB is because they can offer loan to help others using those saving money that seldom moves for decades, and earn interest in the process. But nowadays in developed country, there are seldom some company desperately need loan to eagerly expand business (maybe only bitcoin mining chips company ). A bitcoin loan is totally not practical at all, then exchange's only motivation to use FRB is to manipulate the price, but that might create a panic and withdraw, I guess they don't want to start a fire on themselves

It is interesting to read your discussions here, it seems you really have some own insights into the economics

I have several questions that have been bothering me for decades, maybe we can have a discussion here:

1. Who get the ownership of every newly created fiat money?

2. We all know that value is decided by supply and demand, but is money's value really decided by supply and demand?

Please share your thoughts

There is a difference between buying something on market and issuing money. When you buy assets on market, you raise the price of those assets immediately. When you issue money backed by your assets, the assets' market price is not affected directly

For example, I have one ounce of gold, I issue 1200 dollars backed by this ounce of gold based on its market value, anyone get my money can exchange them for gold from me any time. But this activity does not affect gold's price, since majority of those money will flow into the economy instead of buying gold, as long as people's trust of my money is intact

The same goes for any kind of collateral: Unless the new money want to exchange for the collateral itself, the price of the collateral will not be affected by added money supply

So even FED officially say that they are buying MBS, what actually happened is that they issue money backed by MBS's current market value or even with a discount, and commercial banks gave those MBS to FED in exchange for money. As long as FED do not sell them, and no one is buying those MBS, the housing price will not be affected, but the liquidity problem is solved

And when banks get new money, they will never buy those MBS from FED, they just send the money oversea to buy something else valuable, for example oil. And next time they will buy something else, and so on... So there will not be inflation no matter how much money is created, as long as those money are all backed by assets

This was the original idea of John Law, his money was backed by the value of his Mississippi Company (which owns large amount of land around the world). Unfortunately, those money were used to purchase the stock of Mississippi company and pumped that company's value into a bubble. Then he could issue more money to support the stock price because the company worth a lot more later, but when people discovered that his company's land did not worth that much, the trust of the value of the company's stock (land in fact) lost. So many of the money turned to him in exchange for gold coins, then the plan blew up

But in modern monetary system, there is no risk for such bank run, the loop has closed. When the asset that back the money's value is crashing, thus make the money lose their backing, the money can only be used to purchase anything on market, thus create an inflation



For normal people they will just save all the extra money if there is no more intereting thing worth spending. It does not hurt to have one billion dollar in savings, and a large reserve will definitely change many aspects of the life

Had several SSDs on server broken, I think SSDs are not good at handling large amount of IO for server. My traditional hard drive RAID never failed on the same server

Impossible to get 154 cfm at 38db for a 120mm fan, the best 120x38mm fan with 130CFM is already at 70db range, those figures from manufacturer are all marketing tricks

For underclock use, a 60CFM GT1850 with noise around 45db at 1 meter distance is the sweet spot, these are true numbers

Even without that stand the top mounting for the controller board will still lock those ASIC boards firmly in place. Stock fan is terrible, any delta 7 blade fan works much better than stock fan, but the problem is to modify the cabling to utilize the PWM feature on board, too much work for 4 units

Nice calculation, if there is also a variable of electricity cost, then it will make a contour map to show the sweet spot of the voltage settings under different electricity charge

And, another variable is the amount of mined bitcoins that is being sold immediately. Pro-bitcoin miners never sell more than 10% of mined coins per year, but pro-fiat-money miners might sell majority of their coins right away

The fresh printed money are all backed by assets, they have valuables backing them, and the banks get those money will use them carefully to not trigger inflation, they inject them into something that is not in CPI

If you already have a house and a nice car, and suddenly your salary doubled, would you buy another car just for fun? Same, you won't eat double amount of food because your income doubled, many demand have little elasticity, once it is filled, the extra demand is very weak

Exactly.

Economy is irrelevant if money supply can be manipulated. Money drives economy, not the other way around. Because people have an illusion that money's value is constant, it is this illusion give banks power to direct the economy as they wish

Imagine such a scenario: As soon as every merchant heard that FED is going to increase the money supply by 4 fold, they raise the price of everything by 4 times, then QE will not give economy any help at all, or even worse, destroy the USD

The fact that this scenario did not happen is just because people's illusion that fiat money have a constant value, nothing else

For normal commodity, more supply means lower value. But more money will not affect each dollar's value, since this can be observed by  each individual (especially poor people)

It is interesting to read the "Real bills doctrine" first invented by John Law, it indicated that the money's value is coming from trust, has nothing to do with supply and demand, you can supply as much money as you want if that trust is intact, and then more money means more wealth

After house, government debt, petroleum, banks are finding the next bubble candidate

0 but that day is still far away 

Maybe banks already commanded more than 50% of hash power, just we don't know. Most of the actors in bitcoin mining space are short sighted and they only want to make some fiat profit, so banks will take it over easily

One benefit of the bitcoin is that it can solve banks headache of endless monetary expansion: Unlike house/national debt, bitcoin can absorb any scale of fiat money inflow without a total crash, thus the bubble of bitcoin will always become bigger after each downturn, and banks need such endless bubble to make themselves rich

However, if bitcoin is going to replace the fiat money as major payment medium, then fiat money will have no use, that will not be welcomed by banks

They can, but for every dollar they issue, they must have something valuable to back it. Now they have already bought everything they can buy: House, National debt, Gold, Oil... is there anything else valuable they can use as a collateral to issue money? Maybe only bitcoin

And, miners don't sell more than half of the coins, but you should also include the small amount of cash out from previous investors, so the net result should be several thousand coins per day, see my signature for a mathematical model

It is not that easy, because the liquidity crisis will directly impact banks. Normally banks have only a little bit money in their account, most of the money are just checkbook numbers in their database (just like your bitcoin in MTGOX, the coins are gone long time ago, but your bitcoin in their database are still there and can be traded)

So, no amount of deflation can help with that, banks will just become insolvent and all the client deposit destroyed

And you are right, the change for bitcoin will not come in one day, but slowly. The merchants who accept bitcoin will just direct use it to order products from other merchants when it is widely accepted as a payment medium. Then the sell pressure on exchanges will reduce and eventually those merchants become the biggest support for bitcoin's value

SNB surprisingly removed the currency peg with Euro without any formal information or indication. This is a very strange move that never happened in major developed countries. It seems that they have totally lost control of their pace and don't care about causing shocks in financial markets. It might be a decision made in panic, since it is nothing comparing with something very gigantic that is approaching

This chart shows that the current fiat money system works totally different since 2008



Base money supply increased by 8 fold without any significant increase in GDP.  This scale of money supply used to be in M1 (which is only checkbook numbers in banks database. e.g. virtual wealth by just count the same money multiple times), but now it is in M0, with a large amount of debt backing. How could you pay back 8x more debt without your income increase by 8x?

Maybe they are already seeing the total collapse of the debt bubble and want to quit the money printing game first

The number of base money has increased 8X since 2008, I guess that SNB dare not to scale it up any more, they might forecasting a total collapse of the whole euro system, thus evaded it without even make a claim

Since the stock fan uses a special connector, you have to run your fan with dedicated power supply outside of the box, thus can not utilize the auto-fan feature of the latest firmware. You either run it at full speed or use a voltage regulator to control the speed (regulator will overheat under high load, cool it with exhaust fan)

The stock fan is very noisy, any 7 blade delta fan is better. If they could just change the fan connector to standard PC PWM socket, it will be much easier to mod

The metal stand below the fan can be removed, it contact directly with the fan and amplify its noise