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This is good, if the terminal is setup to accept CurrentC then it can easily work with Bitcoin merchant gateway like Bitpay or Coinbase.
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Question for anyone familiar with this law.
Can they seize asset based on....suspicion?
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I find it extremely disturbing that Google and many other giant corps still pay tinniest tax (some even 1% of income) yet ordinary ppl got their live saving taken away.
Is this what we called Democracy?
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Now what you think about the BTC future and the after effects of the current situation if we see in the perspective of mining.
The value of bitcoin directly affects mining in a delayed fashion, that has been shown time and time again. As the value remains strong, or gets stronger, the number of big miners will continue to increase over time. However the reverse is not true - mining itself does not directly affect BTC value. It has indirect effects through bringing more players into the bitcoin world, and through the sell off of mined coin, but most big miners will be dumping more of their mined coins sooner to pay off the considerable running costs. This means the bitcoin economy will stand more and more on its own based on what it was always actually based on - perceived value by the market that creates the economy for it, and hardly anything to do with mining. Unless some threat (security or otherwise) hits mining, it will have less and less influence on the bitcoin economy itself. In short, the answer to your actual question is, the mining situation will have hardly any effect on BTC future. The only way it might is if some large famous company decides to create a large mine - the mining itself won't affect the value, but the association with that company will increase people's confidence in it. This is why altcoins that differentiate themselves by their mode of mining are ultimately futile. The mining is the least important part of the perceived value and consequently the economy surrounding the coin. Altcoins were originally meant to be a testing ground for new ideas for bitcoin in ways that can be incorporated by it. However once it became clear that bitcoin started getting real value, other coins were being created in an attempt to be part of what they missed out on with bitcoin - mining it while it was cheap. But the arguments for any actual benefit to the altcoins being generated compared to bitcoin continue to revolve around some perceived technically better way to mine to keep cpu/gpu/home/small miners/no ASICs. Firstly there is no way that can happen - anything can be made into an ASIC. Second, if something develops real value, big players will always come in - why wouldn't they? Finally, as I mentioned with bitcoin above - the value of the coin has virtually nothing to do with mining. If your only real advantage is a different mode of mining, then that's not enough to sustain an economy. Especially if your mode of mining eventually converged to the same endpoint anyway with ASICs and big mines. What's really different then, and why would anyone want your also-ran coin? That's not to say that something won't come along to supplant bitcoin. It's just that it needs to be radically different in design and approach. How? I don't know, but if your starting point for a new coin is getting the bitcoin client and then modifying it, and ending up with something that is 99% the bitcoin code and model, are you not already just doomed to being another bitcoin clone? A few alt coins can be used as additional security but there is not much need for the current 25 plus on the market. 25? There are currently 500+ http://coinmarketcap.com/ I did a typo meant to type 250+ not 25+ nah.... go for 2500 to cover all. Point is ..... FCK scam coins. |
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wow!  |
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i was also a BFL customer and I'm still fcking pissed. BFL shutdown does not do justice for me. I want Josh, Sonny, Jody, Nassier ...etc, go to jail and asset seized.
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EDIT: btw can you add an option to be able to disable each chip? I just figured out how to get below 0.65w/GHs but the hashrate is dropping in/out due to some chips die/come back. I will post back the result to show others how. Share you method. Have you lowered the voltage or limited the PSU max power? If it's either of the methods have you tried the other one? Its involved alot of work so i spent basically all this weekend. Its not done as i need a software solution to disable some chips. I really hope Zvisha can update firmware to tune them better( downclock or disable chips with high temp) First, i removed all the 6 tiny fans, these are like 8watt each (the loudest fans i've ever heard). Stacking all the miners with some pink foam as spacer i use Nidec 120mmx38mm fans at the back (0.8A) for a total of 9 fans for 8 SP10s. For anyone with just 1 SP10, you can get away with only 2x120 Nidec fans . These are server fans, not your consumer cooling fans. They're strong yet not as high-pitched loud. I actually removed all the tiny fans when i collocated the SP10s with special ducting work, so i already got this step done. Since i now gonna host them in at my office closet, i use the 120mm fans Second, my setting is : Fan: 40% ( the minimum setting by default but i feel this does not control PSU fans as i thought, zvi, can we control the PSU fan?) start voltage: 0.585v Max voltage: 0.595v Max power consumption: 700w. All this got me: 600-640w at 920GHs-1000GHs. BUT i'm gonna see if i can physically KILL some chips as i dont have a software option. Reason you need to do this is because some chips will get way too hot and they throttles the whole miner. Since you removed the tiny fans, some chips will get alot hotter due to not having balanced air flow. Thats ok. I actually find having chips completely disable yield a better w/GHs. Only let the coolest chips work at their best efficiency is the way to go. I also have another idea, but i dont have time to play. I'm sure it will work even better based on my calculation: Remove all the boards ( i dont know if we can remove the mainboard from the controller, can SP confirm this? are they soldered together? they're looked like the pins are very strong) Get a small fish tank and dump them in mineral oils. you have to space all the motherboard tightly together with no gap. Its required for flow balancing. Use a centrifugal drive pump, inlet and outlet from each end and a alu car radiator. You got the idea...etc |
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Quick question for Ziv,
Does the firmware use Intake/Exhaust temp to tune the chips at all?
For example, the ASIC stats show chips temp at stable 77c (or below). But the exhaust temp is higher than that...80c... does the firmware use this to throttle the chips?
EDIT: btw can you add an option to be able to disable each chip? I just figured out how to get below 0.65w/GHs but the hashrate is dropping in/out due to some chips die/come back. I will post back the result to show others how.
I'd really appreciate this help.
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Otherwise, i'm afraid bitcoin mining will be concentrated in China.
I believe that this will not happen. Time will tell. I was just told by a Chines friend that the bitcoin mining community in China is alot bigger than i thought. In April when we got Dragon miners at $3-3.5k each, the same miner was being sold for $2k + 15% off for bulk orders. They're sold alot more domestically, including Bitmain. While they dont have mega datacenter, their combined hashrate is probably the largest. ONLY miner manufacturers that are not Chinese: SP and KNC, that means something doesn it? |
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The only thing missed from SP is pricing. They need to price it alot more competitively. As mining gear life span is too short, all the Chinese miners are cheaper (at the cost of lower quality). SP if you can kill the Chinese manufacture, i actually will buy more hardware to support you.
Otherwise, i'm afraid bitcoin mining will be concentrated in China.
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SP20 with SP10 PSU (Emerson DS1050) and an adapter board we developed. The picture was taken at Inside Bitcoin TLV this week.  Can we buy the adapter from you guys? |
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I find its not fair that some guys can never fuck hot girls ....  so lets make a law that limit how many times a girl can fuck a guy... hence girls will have to fuck many guys if they want active sex lives.... What do you think? |
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Whats your GOAL of mining noob?
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If you simply say "No Honey" it's mine....well then you are starting the process of a loooong hard marriage with resentment.
What is a marriage? it's a partnership with a piece of paper to prove it. Just because we have personal money, it doesn't mean we don't share it. It is essentially money we can use at our sole discretion. That way I don't complain about her buying expensive shoes and purses. And she doesn't complain about me buying sports equipment. We treat each other great. We spend lots of time together. We respect each other. Yes technically half my personal money is hers and half her personal money is mine. But since we don't plan on ever divorcing and we have an established framework for how we handle our finances - personal money is personal money. Just to reiterate, I'm calling it personal money only to identify it as money we can each spend without having to consult the other. But that doesn't mean we don't spend it on each other or for shared costs. On top of increased biweekly mortgage payments that come out of the joint account. We both pre pay lump sums on the mortgage from our personal money. It's never equal, but we both put in whatever we feel can. We max out our prepayment amount every year. Not sure why people need to judge my marriage. |
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The quote "I've worked hard, saved a lot, and invested well to be able to comfortably afford a nice car. I take really good care of the car and consider it as a reward to myself." sounds selfish. You married her and marriage is all about sharing your life and all it's experiences both good and bad with her....Isn't it?
You forgot this part : Well, when we got engaged she made substantially more than me. When we had our money talk, I figured we would have a joint account and everything goes in there. She felt that wasn't fair. So we ended up going the route where we both put an equal amount into the joint account each month. All shared expenses come out of the joint account. We would also have our own personal accounts. With this arrangement, she had a hell of a lot more spending money than me.
Over the years, I've closed the gap in terms of our salaries. However, I've made quite a bit in my investments over the past several years. Now that I've got a decent amount of personal money, I decided to use it to buy myself a nice car. So really, it is my car, paid for with my money. Its how we agreed on money. What if i ask her to use her LV bags to carry my electronic junk? |
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A car is made to drive. If the choice is either it sits in the parking lot or my wife drives it somewhere... My wife gets to drive it.
Of course, if I want to go somewhere myself my wife can take her own bloody car.
Nobody says the car isnt being driven ... Everyone value things differently. |
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What car did you get?
Porche Panamera Turbo S Another question? If you don't trust your wife even if it is so petty thing like driving your car - why are you with her?
Its not about trusting here. She dinged my bumper by going too deep into the parking spot in an underground parking lot. She's also had it dinged in a parking lot while the car was parked. She's not a bad driver, but not a good one either. Did you tell her before you bought it she wasn't going to be driving it because of her crappy driving?
Has she got her own car?
If you answered yes to both the above, don't sweat it and keep her away from your car. You can always placate her with expensive jewelry.
She has her own bmw At the end of the marriage, she will likely own 80% of your properties life savings. Get used to it now and let her drive the car.
Would you rather her fuck up your car or your relationship?  The way I figure it, my wife owns 50% of my "fun" car. If she want's to drive it, I trust her enough to, and will ungrudgingly deal with whatever improbable outcome that results. Same way I would understand her allowing me to drive her "fun" car if I desired.
Well, when we got engaged she made substantially more than me. When we had our money talk, I figured we would have a joint account and everything goes in there. She felt that wasn't fair. So we ended up going the route where we both put an equal amount into the joint account each month. All shared expenses come out of the joint account. We would also have our own personal accounts. With this arrangement, she had a hell of a lot more spending money than me. Over the years, I've closed the gap in terms of our salaries. However, I've made quite a bit in my investments over the past several years. Now that I've got a decent amount of personal money, I decided to use it to buy myself a nice car. So really, it is my car, paid for with my money. |
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All Bitcoin holders are essentially charged a 10% tax per year, perpetually, by the PoW mining network. How can this be sustainable?
The free market will adjust as necessary. +1 And.... kokojie... I don't see how you can possibly think the cost of mining will be 10% per year. It will soon be 5% per year, then 2% etc. etc., as far as the block subsidy. And as for fees... no one knows how that will play out. Not you, not me, not anyone. I kinda feel like I shouldn't even be posting in this thread. I don't like to dignify trolling. I love how OP called it "tax" when its actually "inflation". He also thinks POS wont have inflation due to coins supply. OP is a fcking idiot,, simple as that. In POS system, new coins will be sold every day as well.... but its worse that you cant see the real cost of those "mined" coin. With POW, its not hard to estimate these coins, electricity, R&D, manufacturing, management, real estate...etc are not out of thin air. |
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i have a bad feeling about manufacters of hardware mining against there customers. when btc gets bigtime, i see some type of regulation on these company's, i hate regulation but these companys are out of control. greedy people that never gave a fuk about btc will destroy btc ,thats if we dont counterattack these fukers. i am not smart enough to take this conversation any further, anyone else?
Its a free market, i'm sick of ppl asking for regulation while completely miss the root of the cause. You will never can regulate this effectively even you have the law written up. ppl will buy miner because they think there is money to be made. Simple as that. I would say, smart ppl would take the risk more carefully. |
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have to agree with ckolivas jimmothy seriouscoin BTC mining is but 1 slice of the world of BTC. I live in a so called first world stable country the USA. I do read my history and in the period of time of 1857 to 1870 the USA was a mess. Most countries have very unstable times sooner or later. Having 50 or 100 BTC stashed in cyberspace is a good hedge for instability of many kinds. Here is a very small list of countries having tough times today. Egypt Iraq Ukraine here is a wiki list http://en.wikipedia.org/wiki/List_of_coups_d%27%C3%A9tat_and_coup_attempts 33 in the 2000-2009 time period some happened some did not. http://en.wikipedia.org/wiki/List_of_coups_d%27%C3%A9tat_and_coup_attempts_since_2010and from 2010 to now 23 more were tried some worked some failed. . trust me having a stash in cyberspace is not so bad of an idea. I will mine a bit but I am buying coins more then anything else. You forgot Argentina, most corrupted and unstable modern country. Every Argentinian i knows refuse to believe in fiat currency. To them, wealth or asset is land and health. I understand from their's POV so many messes they've been thro, they just value food and settle the most. |
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