Good point. I guess I was focused more on the tech than the idea of a patent.

I dont see why this should be blocked anymore than ASICs were. If it works then eventually everyone will use this process and "standard" ASICs would be obsolete. Just like FPGAs, GPUs and CPUs.

Its very possible for the price to rise even if Bitcoin doesnt.

Yes you can. Nearly all exchanges allow you to convert alts to BTC and back again.

I also booked a hotel with Expedia, paying with Bitcoin within the last month.

I think it would be suicide to increase it. Everyone bought into the idea of 21 millions coins and if that changes then its no longer "bitcoin". People will sell off and move to another coin. If there is ever a true need for more coins then we can add more decimal places and still keep the 21 million coins, but this would be years down the road from today.

I wish there was something solid to do with them, simply due to there being so many around its a waste. I was looking into actually turning them into space heaters but never went very far with it.

Be creative and maybe you can solve this issue that a lot of people have.

Keep it and use it as a space heater when it gets cold.

Based on my rough calculation, ETH is still more profitable but FTC is much higher than its been. I also personally see more value in FTC than ETH but others may not feel this way.

Litecoin has been one of the most stable coins over the past year or so. Probably even more stable than Bitcoin. Yes the forum is down, yes tons of trolls spread FUD, and yet Litecoin stands. That should tell you something. Litecoin isnt going anywhere but up!

ARISE!

rigor mortis?

Go baby go!

Nice, looking forward to this! I actually thought they already did but maybe I read they planned to rather than actually did (at the time).

Do you pay extra for your computer because it has 2 extra USB ports? or even firewire? No, its so cheap for them to add it that its just added. You dont sell it as a mining device, you sell it as a PC with an extra feature of mining. Ive never once used a firewire device but I have owned lots of systems that have the feature. If its not something you are interested in then you dont set it up. This is the same idea as the 21inc computer. Those who view it as a mining device are missing the point.


Maybe this could be worded differently. Id be willing to 'donate' $0.50 a month to run the mining chip in order to help secure the network. Those who would not be can simply not configure the miner and it will sit idle.

I had this discussion with a friend not long ago and here is my thoughts... This came about when talking about 21INC and Intel being involved in blockchain tech.

There are about 2 billion PCs in the world at the moment. If each motherboard had a single ASIC chip from the AntMiner S7 (25GH/s @ 5 watts) it would equal 50billion GH/s. The entire network is about 1.3 billion GH/s at the moment. 8 watts isnt going to break the bank for any homeowner, or even a large corporation I wouldnt think. The miner could be configured in the BIOS and locked down somehow to help guard against botnets taking over systems or even a physical switch/jumper on the board that when opened would allow changing of the mining address but when closed was impossible to change via software. like old 3.5" floppy drives with a lock switch.

As mentioned above, the biggest issue will be where they mine to. If to a pool then its not as decentralized. Solo would be ideal but with only 25GH/s the chances of hitting a block would be insane and so most people wont bother to keep track of a wallet address and check it so the coins would be mined and lost. You would need some third party way to monitor the address's and notify users of a mined block.
or even handle distributing the coin but there again, thats not the point of solo mining, it might as well be a pool at that point.

Maybe you could incorporate a pool into a router. In todays world, nearly every home with internet access has a router. No one sets up a DNS or DHCP server in their homes but they are there. Why? Because its built into the router. This would mean they would have to add hard drives to routers which would increase cost as well as physical size, however I dont think it would be by too much. All motherboards (or any other ASIC enabled device in the home) would just point to the default gateway as a mining pool for solo mining. Each home becomes its own pool.

Pushing it hard? Calm down, killer. I answered a question based on personal experience. While it may not be the top coin, its been a steady profit for awhile and recently the price jumped up (probably just a PnD but still).

Some quick and dirty math tells me I make about $1.70 or so per day per 7950 after electrical cost. This is mining Ether and at current price.

The cards are old and paid for themselves back when you could GPU mine Litecoin so its all profit now (minus electricity). Ive considered building a larger farm but Im not sure Im comfortable with the risk. Also not sure I can efficiently cool any more.

Whatever Ether uses, I just mine and sell the coins for BTC. I have no interest in the coin other than profit.
Feathercoin uses NeoScrypt.

On Ether I get about 19MH/s per 7950
On FTC I get about 400KH/s per 7950 (if I remember right)

My 7950's are mining ETH at the moment. They were on Feathercoin for awhile but I switched to ETH when the price jumped up however Feather jumped up the past few days as well. Look into them both.

Awesome! I love to see these projects come to life! I dont have any of those PSUs but I do run the DPS2000's and use your board for them. Great quality product!!

I couldnt agree more. The basic idea of Bitcoin is there and its solid. The next step is to make it look good. 95% of people have no idea how a credit card works even tho they use it daily. Bitcoin needs to get to this point and it will eventually.