(while maintaining its secure characteristics) Good luck. |
|
|
|
You are totally confused  No it won't use 40x more bandwidth Also, do you keep your bitcoin client open too? |
|
|
|
This thread is so much FUD |
|
|
|
Oh, just buy it when you buy your house Bitcoin will be the heating system of the future! Not good in hot climates |
|
|
|
Guys, consider the same thing made with ASIC  |
|
|
|
Yes, you are helping the network. You are storing a full copy of the blockchain, you are sending blocks to other clients and you are relaying all transactions. Since bitcoin is a p2p network, it rely on people to run the client. CPU usage is almost 0% |
|
|
|
Not bad, not bad at all. What about the fact that thousands more people will be mining? Hopefully BTC won't let us newbies down and raise the difficulty...
What? Hopefully what? BTC does what? Do you know that there is no one behind bitcoin and that difficulty is calculated by an algorithm? |
|
|
|
Yup, like crazyates said.
GPU's are still useful for Litecoin. I was up all night looking into Litecoin Mining. I am convinced that the value of GPU's aren't over yet. Litecoin has no FGPA/ASIC tech, and CPU and GPU mining are it's only methods. I am convinced that Litecoin miners will be getting a deal on everyone's old cards, then the value of them will shoot back up a little later. I might do some Litecoin mining for awhile, then I'll sell off my stuff once I get a bit of LTC. I have a feeling that LTC may shoot up to a dollar by this time next year. Sort of like BTC did.
Why wont ASIC's also work for Litecoin mining? Aren't they built off the same original protocols as Bitcoin? No |
|
|
|
My scam-detector is showing "scam detected" |
|
|
|
If tried in a US court, he could face the death penalty for compromising US national security. Lolwut? Now US can ask to another state to have a person and then kill him? ::)Wtf is this idiocy? Welcome to tiranny/dictatorship |
|
|
|
it could be extended as well. You are free to make luffyCoin where you extend it. But i'll keep using bitcoin, with only 21million coins and not even one more |
|
|
|
|
This censorship is disgusting and what's even more disgusting is that it's led by US. Where is the famous american "freedom"? So much dictatorship.
|
|
|
|
with Intersango shutting down Lol, nice way to make FUD Intersango is only stopping USD trade |
|
|
|
prudent with its money Accepting printed paper is prudent? lol "artificial" currencies Uuuh... and guess what "fiat money" is? It exactly means that. It's artificial currency, not real currency. not backed by the full faith and credit of an issuing government Mmh... and dollars are backed by? The president? It's only paper, printed at will by the central bank. Wikimedia epic fail +1 to accepting iranian Rials and not accepting gold and silver. Bernanke said gold is NOT money  isnt the producing cost some sort of backing, i mean you can pretty neat calculate the minimum amount of USD required to produce one bitcoin. Nah, producing it doesn't mean it has a value. If i produce a car it has a value because it's a car, not because i worked hard to make it. If i work hard to make a broken car, it will be totally worthless, despite the producing cost Bitcoin has a value because it has a value |
|
|
|
|
It's a great idea. A bitcoin mining server coupled with underfloor heating wich allow you to have water at a temperature not high like normal heating, so it's perfect for cooling hardware.
As for GPU, soon ASIC will comes out, and then GPU mining will be totally unprofitable.
|
|
|
|
|
Lol, pushing for bitcoin to open up it's data is like going near an ingot of gold and telling him "you! open up your data now!"
|
|
|
|
I say that because I don't imagine the developers being ready to increase difficulty/reduce block rewards at a perfect 1:1 ratio against the increase in hash/s Nonononono. This is totally wrong! No one increase or decrease the difficulty! There is no one behind bitcoin, there is only MATH. Developers can only watch, that's all what they can do: watch, nothing more. Difficulty depend on total hashing power And reward is reduced after a certain number of blocks, roughly the number of blocks found in 4 years |
|
|
|
Go read the wiki and read some guides. Mining is not a get rich quick scheme. And anyway with your gpu you would not become rich. And as other said, gpu mining is finally coming to an end when ASIC comes out. Yes, there is no one behind bitcoin. No company. No president. No one. And yes it have value. Why? Well, your precious dollars have value and they are just printed paper wich banks keep printing at will. Why bitcoin should not have value? Especially given the fact that the total bitcoin number is limited and there is no one that can print trillions of them on a whim! Mining serves to secure the network and the transactions, while rewarding the miners I think these calculations serve to verify the validity of transactions in the block. Nah, verifying if a transaction is valid or not is very easy, every bitcoin client does that. Mining find blocks. Yes, it find a right number wich respect some requirements (difficulty and blablabla) wich is used to create a block. |
|
|
|
A great article, very nice!  Who wrote it took time to learn about it! |
|
|
|
|
Show Posts
