Then why do they take singles back for refund ?
I'll expect a basic ASIC somewhere between 900 to 1k € (1500$)
Whose to say that a single single couldn't buy 6 mini-ASICs? |
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All this BS about ASIC early adopters being screwed is assuming asics will only be available in massive sizes that cost thousands of dollars. What's stopping someone from putting out a smaller device that only pulled a gigahash or so for $100? That's what I would do if I were selling them, but then again I wouldn't be in it for the money. I just like building shit.
I think that's exactly what BFL is planning to do - offer a smaller, affordable unit to those who don't have much to spend. |
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Wish I had seen this before selling through bitfloor! Oh well, I suppose I still got a better price there than I would have here...
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BTC is trading at $5.82 on bitfloor, $5.88 on MtGox. That's less than fees, right? So why is no one buying? Someone step up to the plate!
fees..i dont think you understand... I may have miscalculated a bit. I was thinking of fees on just a single trade, not the two trades that would be required. Regardless, I just sold the rest of mine and drove the price down more. It only amount to ~$2 difference than if I had waited, so no biggie. |
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Well, BTC price is up too, so that helps with the cheapness.  But I don't know of any currently available for sale at a price less than mine. |
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I'm not sure either Epoch, but the fact of the matter is, people are still buying them for 160-165 BTC. It is possible that they don't trust BFL's deliveries to happen in 50 days anymore.
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[For reference: the idea I proposed is a special blockchain pruning method that allows nodes to verifiably query any address balance with only a couple kB download -- and the pruned data would be maintained & enforced on a second/alternate blockchain using merged mining] A quick question. Does downloading of few kilobytes imply a connection to full nodes for that or the same lightweight nodes might also happen to have this info? If network is mostly populated by nodes who are asking for those small downloads and most of the nodes don't have the data then where is it going to come from? From trusted nodes. |
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Right now bandwidth usage isn't a big deal, but with ASICs, it could become an issue. Especially if you're on a DSL line or something with a limited uplink. If 1GH is ~3.5kbps, I guess that would make 100GH ~350kbps.
Pretty sure anyone with 100 GH/s isn't going to have a fit over having to pay for a better internet service than DSL. |
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BTC is trading at $5.82 on bitfloor, $5.88 on MtGox. That's less than fees, right? So why is no one buying? Someone step up to the plate!
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I currently have 3 BFL Singles running at 855 MH/s (average) on on the 872 MH/s firmware with zero throttling.
Looking for 165 BTC shipped apiece.
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Well, now you've tempted me... I'll think about it at least. |
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I'm going to give bitfloor a shot, despite the terrible bid wall (or rather, 5% grade). We'll see what happens. I do like that they allow free direct withdrawals to ACH. That's worth dealing with poor volume right there, rather than having to wait 20+ days to see my money after selling it through Gox.
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We can just upgrade the protocol slightly which only make the existing ASIC cannot work anymore if we find something bad is being done by the ASIC minners
Again, there are plenty of reasons why this will never happen unless there is a true threat that the current algorithm is in danger of being bruteforced or otherwise compromised. |
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All your sad posts are making me sad now.
I suppose then, the best thing to do is find out how the free market copes with an exponentially increasing blockchain size. It had to happen eventually anyway...
Bitcoin was actually doing fairly well and the chain size was only increasing at a moderate rate (largely DeepBit, which still refuses to use multisend, which would cut down on their volume by a ton) up until SatoshiDice. Realistically, if satoshidice employed more sane methods of operation (multisend would be very easy and would have a pretty large impact on pure transaction volume, but really they should allow users to carry balance and withdraw when they want, the way pretty much every other bitcoin site does it) they would have a relatively tiny impact on the chain compared to what they have now. The only reason the chain grows the way it does is because people like satoshi dice (and pretty much only satoshidice) refuse to put in an extra 10 minutes of coding time. I suspect we'll see many more users move to a light client in the coming months. I already removed the full satoshi client from all of my computers except one, simply because it really does take a toll on the machine it is on.
Running light nodes is the way the network is going anyway, and thats fine, but forcing everyone to do so purely because people are lazy and stupid is really poor. Oh, come on, it's not forcing anybody! It only encourages them. |
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Nice work lemonz - I would have done the calculations, but was feeling rather lazy about it. It'll certainly be variable - I don't think anyone is arguing that it won't be. But cablepair was trying to make the argument that, unless electricity was free, there is no way a GPU would be more profitable than an FPGA miner. Now, I suppose that might be true down to the fractions of a cent for electricity if some level of difficulty increase was assumed, but assumptions are dangerous - difficulty is still in roughly the same spot as it was 10 months ago. |
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Ah, I tried that, but couldn't seem to make it work. Maybe I failed to add the trailing zeros or something. Anyway, thanks for translating. |
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I guess SgtSpike wants proof, of whatever little amount. This means the "sign with address" feature is useful, I hope.
Message:
I, dree12, to the extent of the validity of this signature, confirm that the address 14p87GdersPoGBcB9cjXcQbJ1GUTfmmPMk, on 2012-06-14T00:40, is under my control.
Signature:
HGwUr5gppu7DdDig9ieiMEsQZJO4n65mxtgb3To4IQYxz9wJl3jFFqXWn1dRzipg4ZqotXa40qpXE1O P2IZIZb8=
this isn't actually a valid signature, please don't kill me
Or you could send an arbitrary amount to itself, or to another address, to prove it. For instance, anyone who wants to prove that they own an address, send exactly 1.85794039 BTC to any address from that address, then post here that you did it. |
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All your sad posts are making me sad now.
I suppose then, the best thing to do is find out how the free market copes with an exponentially increasing blockchain size. It had to happen eventually anyway...
I suspect we'll see many more users move to a light client in the coming months. I already removed the full satoshi client from all of my computers except one, simply because it really does take a toll on the machine it is on.
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I dont think it is wise giving all the power to a single hardware company.
There is still room and time to everyone profit, but If we are letting ASIC in, at this point, then everyone will be smashed hard and that talk about bitcoins being the peoples currency its all suddenly crap. I guess it we can call people-with-lots-of-money-to-buy-ASIC currency.
I say we should prevent ASIC from mining until everyone has fair access to it.
There is no way to prevent ASIC mining. It is coming whether you like it or not. I love it, but its no good for btc at this point. Why? |
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