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2341  Bitcoin / Bitcoin Discussion / Re: Bitcoin Conference 2013 in San Jose on: January 02, 2013, 11:25:18 PM
I live just up in Oregon, so hoping to attend this one!

BTW, the website makes no mention of conference ticket cost.  And if I am cost-conscience, are there any hotels available cheaper than those with "blocks" allocated to the conference?

Who is running it?  It sounds like Yankee is involved... who else?

Assuming you're coming alone (no better half), the rooms have two beds. Split the rate three ways, with the third party on a roll-away or pallet on the floor (sleeping bag preferred).

I'm planning on driving out to San Jose, making a vacation out of the trip, leaving at least a week early from Illinois. In fact, I'm thinking on bringing the pickup, playing American Pickers on the way back home. If I'm lucky, the picks will pay for the trip.

~Bruno K~
True.

My better half wouldn't be the least bit interested in attending.  She's still stymied as to why people want Bitcoins, exactly.  Wink

I'd be willing to share a room with 2-4 others, so that would certainly reduce costs.

That would be awesome indeed if you could finance your trip with a barn pull.  Smiley  I've always been fascinated with the art of reclaiming abandoned wood, but I am too far from the world of physical labor to accomplish something like that on my own.
2342  Other / Off-topic / Re: First a math question, then... on: January 02, 2013, 11:10:05 PM
Wouldn't it have two points, even in the event of them NOT being in a straight line?

A triangle still only makes a flat shape.  If you take elevation into account (wherever the point to be identified is on a plane other than the same plane as the triangle), wouldn't there be two possibilities with regards to location?

Taking this into consideration, then, what happens if the triangularly-generated plane isn't level with the ground?  You could get two fairly different potential locations.

I couldn't readily dive in to all the maths behind this, and am no expert by any means, so someone tell me if I am wrong.  I am just picturing some convoluted shape being derived out of 4 points, and then the same shape mirrored across the plane of the triangle making up its base.
2343  Other / Meta / Re: POLL: Sales of hacked, compromised, and/or unauthorized transfers of accounts. on: January 02, 2013, 10:58:00 PM
Sorry torac, but what you are doing is illegal, unethical, and immoral (in my eyes).  I completely agree with your banishment from selling these wares on this forum.

Inactive accounts?  What if the user comes back, only to find their account has been "overtaken" by someone else?

It's like stealing a TV from someone's home because you knew they hadn't watched anything on it in 6 months.  It's still their TV, you have no right to take it from them.

Of course, you're going to defend the practice because you are profiting from it.  You only "care" about the forum and people here because it helps put more money in your pocket.
2344  Bitcoin / Bitcoin Discussion / Re: "Bitcoin Bible" by Charles Petzhold on: January 02, 2013, 09:21:34 PM
I'm still waiting for a "Bitcoin For Dummies" book.

At least we have the forum...

He said Bitcoin for Dummies not Bitcoin for Raving Lunatics

 Grin
This man speaketh the truth!
2345  Bitcoin / Bitcoin Discussion / Re: "Bitcoin Bible" by Charles Petzhold on: January 02, 2013, 07:29:58 PM
I'm still waiting for a "Bitcoin For Dummies" book.
2346  Bitcoin / Bitcoin Discussion / Re: Bitcoin Conference 2013 in San Jose on: January 02, 2013, 06:32:51 PM
Who is running it?  It sounds like Yankee is involved... who else?

Bitcoin Foundation
Is the ticket price not set yet?
2347  Other / Politics & Society / Re: Want to pay NO income tax? Cut welfare. on: January 02, 2013, 06:19:29 PM
Now, this doesn't have much of a direct tie-in with welfare, but it still jerks my chain that we're forced to participate in this system instead of being able to use that money towards something more.... profitable.

Like saving for our own retirement?
Something like that, yeah.  Wink
2348  Bitcoin / Hardware / [Archive] BFL trolling museum on: January 02, 2013, 06:01:18 PM
I haven't followed this thread from start to finish - frankly I don't have the time to. What I do know is this - I ordered (4) SC Singles on 7/26/2012. It's been over 5 months now. Where are my products?
They haven't been produced yet.  Feel free to cancel and get a refund.
2349  Other / Politics & Society / Re: Want to pay NO income tax? Cut welfare. on: January 02, 2013, 06:00:49 PM
Somewhat related: Social Security.

The SS tax has been increased by 2% to 6.2%.  If we assume the same rate of payout is still available in 2053 (my year of retirement at age 66) and my monthly income does not change, I would generate about $6,500.00 in a monthly paycheck from the government. (source: http://www.socialsecurity.gov/OACT/quickcalc/)

If, instead, that 6.2% was invested in the private sector (stock market), which has, historically, generated 10% investment return per year, then I would have accumulated $1.3M of retirement wealth.  If I withdrew the investment income (10% annually) from that accumulated wealth, or almost $11,000/month.

Now, this doesn't have much of a direct tie-in with welfare, but it still jerks my chain that we're forced to participate in this system instead of being able to use that money towards something more.... profitable.
2350  Bitcoin / Bitcoin Discussion / Re: New Bitcoin ODP (Open Directory Project) Editor on: January 02, 2013, 05:34:06 PM
That site looks awful.  It looks like a cybersquatting placeholder.  Are there any plans by the site owner to update the visuals?  How many people actually use ODP?

The  number of people that use ODP is very few, but that is not the point. It is literally the best human edited directory out there and the major search engines trust it highly when ranking  a site.
Ah, I see... so a site being listed in that directory helps a search engine determine what sort of content it is based around then..?
2351  Bitcoin / Bitcoin Discussion / Re: Bitcoin Conference 2013 in San Jose on: January 02, 2013, 05:14:55 PM
I live just up in Oregon, so hoping to attend this one!

BTW, the website makes no mention of conference ticket cost.  And if I am cost-conscience, are there any hotels available cheaper than those with "blocks" allocated to the conference?

Who is running it?  It sounds like Yankee is involved... who else?
2352  Bitcoin / Mining speculation / Re: Optimal ASIC Strategy on: January 02, 2013, 04:43:24 PM
Well, the public would know if anyone was hashing with ASICs.  And if the public knows that a single entity has that much power over Bitcoin mining, the public will drop Bitcoin like a rock.  When the public drops Bitcoin like a rock, no one wants to buy Bitcoins.  When no one wants to buy Bitcoins, Bitcoins become worthless.  When Bitcoins become worthless, mining for Bitcoins also becomes worthless.  When mining for Bitcoins becomes worthless, suddenly, those millions sunk into ASIC creation are a loss instead of an investment.

TL:DR; It'd be a horrible idea for any ASIC manufacturer to even attempt such a feat.

Thank you, this is a valid arguement. I suppose its a case of if mining with ASICs can be disguised or not.
The only way it can be disguised is by not garnishing much of the hashrate.  Say, 10% or less.  10% of 3600 BTC/day is 360 BTC/day.  360/BTC day is 10,800 BTC/month.  10,800 BTC/month is $145k/month, or $1.7M/year.

BUT, when you take into account the costs of creating the ASICs (likely in the range of several million dollars), the cost of producing them, the cost of running/maintaining them, and the opportunity cost of NOT selling them, you're in the red by quite a lot, even after several years.

BFL has sold up to 150TH/s worth of preorders.  Even at the worst price (for them) of selling them in the 1 TH/s form, that's still $4.5M worth of preorders.

Anyone who makes the argument that a company would risk bankruptcy, a ruined reputation, and fraud charges/jailtime over $1.7M a year (less expenses) instead of running a legitimate business grossing $4.5M a year is just not thinking things through.
2353  Bitcoin / Mining speculation / Re: Optimal ASIC Strategy on: January 02, 2013, 08:32:15 AM
Well, the public would know if anyone was hashing with ASICs.  And if the public knows that a single entity has that much power over Bitcoin mining, the public will drop Bitcoin like a rock.  When the public drops Bitcoin like a rock, no one wants to buy Bitcoins.  When no one wants to buy Bitcoins, Bitcoins become worthless.  When Bitcoins become worthless, mining for Bitcoins also becomes worthless.  When mining for Bitcoins becomes worthless, suddenly, those millions sunk into ASIC creation are a loss instead of an investment.

TL:DR; It'd be a horrible idea for any ASIC manufacturer to even attempt such a feat.
2354  Bitcoin / Mining / Re: [POLL] If BFL has ASICs made, is it more profitable for them to not sell any? on: January 02, 2013, 05:21:55 AM
They must most definitely sell their ASICs or risk getting sued etc as pointed out above, but it is also clearly in their interest to delay delivery  as long as possible if pre-orders are still coming in, because as soon they start delivering, difficulty will skyrocket, forcing them to drop their price so that it continues to seem possible for potential new buyers to make a profit.

I disagree.  As soon as they start delivering, people will cancel their orders with the other ASIC vendors and put that money towards orders with BFL.  The smartest thing for ANY of the ASIC developers to do is to deliver units as soon as possible.
2355  Other / Off-topic / Re: Parents need to bring back the belt! on: January 01, 2013, 12:28:00 AM
I was spanked sparingly when I was young, and I will say it truly did make me more aware of the wrongness of what I had done.  Sure, I feared my parents spanking me, but that lent to fear of the action I took that caused the spanking in the first place.  It kept me from repeating it for sure.  Timeouts were obnoxious, but even if I knew I'd get a timeout, I would sometimes do mischievous things.

I probably got spanked twice in a year, on average.

Like jasinlee has said, I believe it to be a good tool used sparingly depending on the situation (and obviously not in an abusive manner - if you can't control whatever anger/rage you have over what your child has done, then you needn't be touching them until you calm down).  To this date, I haven't spanked my children at all, but I am not discluding it from the realm of possibility down the road.
2356  Other / Beginners & Help / Re: Free Winter Bitcoin Room Heater on: December 31, 2012, 08:17:22 PM
Maybe someone can come up with software that analyzes the time each round takes at the various mining pools and then calculates which pool should have the next shorest round and plug you into that pool for the round.
That's like trying to guess which of a variety of coin-flippers will flip the next heads.  It could be any of them.
2357  Bitcoin / Development & Technical Discussion / Re: Standardizing Bitcoin Terminology on: December 31, 2012, 08:01:32 PM
I like most of the naming, but pointed out a few that I thought could use changes.

A) Completely disagree with "Online Wallet".  If you're truly trying to make this noob-friendly, then don't use the word "online" with anything that isn't web-based.  When you say "Online Wallet", the first thing people will (generally speaking) think of is a wallet hosted at a website.  I think "Hot Wallet" is the best terminology to use here, though it is still a bit on the geeky side.  Maybe "Live Wallet"?

D1) Call it "Read-only wallet".  People already understand what Read Only means, may as well take advantage of that phrasing for the Bitcoin counterpart.

D2) "Unlocked wallet" is the best noob-friendly term I can come up with.  "Full Wallet" is a vague description and conjures up zero images as to the usage of said wallet to a newbie.

E1) I do like "Chained Wallet", but I think "Seed Wallet" might do a decent job as well.  More and more people know what a computer seed means (from games, random number generators, whatever), so I think it might be good to piggyback on that naming convention.

H) "Proposed Transaction". Simple terms that still do a decent job of explaining what the object is.

I) "Proposed Transaction ID"
2358  Economy / Currency exchange / Re: WTB 71 BTC at 13.43 USD on BitFloor.com on: December 31, 2012, 07:38:01 PM
I will gladly sell you 71BTC @ 13.43 USD... but not on bitfloor! Didn't they just lose/steal all of their users' funds?Huh
Yes.  Since then, changes have been made (no more hotwallet, etc), so it *should* be more secure now.  Roman is also attempting to recover funds for the users from whom the funds were stolen via transaction fees generated from the exchange, so I would appreciate more people using it.  Wink
2359  Other / Beginners & Help / Re: Free Winter Bitcoin Room Heater on: December 31, 2012, 07:05:07 PM
Now that the tempertures have started to dip my mining operations are paying off. My Radeon 5870 puts out a nice flow of hot air that keeps my home office nice and comfortable. While the rest of the house is in the 60's, my computer room stays perfectly comfortable in the low to mid 70's!  Grin 

If I was not mining I'd have to run a small room heater. Instead it is like getting free electricy to mine using the computer to warm the room. Getting a coin about every 5-6 days to stay wam. LOL

In the summer I don't think I will mine. With crazy electricity costs here, I'm now barely making more than the cost of electricity. If I have to run an A/C to cool the room in the summer it would not pay off to keep mining. (Unless Butterflake Labs finally ships my super duper vaporware per-order mining CPU.)

Any ideas what I should buy at the end of winter with my coin collection?

A coin every 5-6 days?  That's a monster of a 5870!  Even at 400 MH/s, you should be getting less than 2 coins a month.  To maintain 5-6 coins a month, you'd need around 1,200 MH/s.

I may have miscalculated as I just recently started to let it run all the time. But when I looked 24 hours after getting the last coin I had accumulated almost 0.2 Bitcoins. So I extrapulated about 6 days to get the next one. Can you get lucky and get paid faster at times? I noticed sometimes the round only lasts a few minutes and I get paid the same amount as when a round lasts 4 hours.
Yes, luck absolutely plays a role in it, so if you're basing calculations off of coins received, it makes sense why it was off significantly.

I use this calculator often: http://www.alloscomp.com/bitcoin/calculator
2360  Other / Beginners & Help / Re: Free Winter Bitcoin Room Heater on: December 31, 2012, 06:39:31 PM
Now that the tempertures have started to dip my mining operations are paying off. My Radeon 5870 puts out a nice flow of hot air that keeps my home office nice and comfortable. While the rest of the house is in the 60's, my computer room stays perfectly comfortable in the low to mid 70's!  Grin 

If I was not mining I'd have to run a small room heater. Instead it is like getting free electricy to mine using the computer to warm the room. Getting a coin about every 5-6 days to stay wam. LOL

In the summer I don't think I will mine. With crazy electricity costs here, I'm now barely making more than the cost of electricity. If I have to run an A/C to cool the room in the summer it would not pay off to keep mining. (Unless Butterflake Labs finally ships my super duper vaporware per-order mining CPU.)

Any ideas what I should buy at the end of winter with my coin collection?

A coin every 5-6 days?  That's a monster of a 5870!  Even at 400 MH/s, you should be getting less than 2 coins a month.  To maintain 5-6 coins a month, you'd need around 1,200 MH/s.
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