Looking forward:
Only 3600 coins per day to mine, if the exchange price of bitcoin stays at $100, and there are 36000 ASIC devices mining the coins, their daily return will be only $10, 10 month $3000, less electricity cost, not possible to ROI after one year
This means, if ASIC manufacturers delivered more than 36000 devices of decent hash rate (9000 devices per manufacturer, given 4 manufacturer now), then some of their late customer will not be able to ROI if bitcoin price does not rise. If bitcoin price rise another 10 times, then it is possible to have 360000 customer. So ASIC manufacturer's sale is tightly related to the exchange price of bitcoin. And they have motivation to promote the bitcoin's public value
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From some source:
"However, the basic premise of a structured ASIC is that both manufacturing cycle time and design cycle time are reduced compared to cell-based ASIC, by virtue of there being pre-defined metal layers (thus reducing manufacturing time) and pre-characterization of what is on the silicon (thus reducing design cycle time). "
I remember that I asked if they are going to use structured ASIC during the open day, but it seems that Marcus think the standard cell ASIC is a better deal, I'm not an expert in this area, but based on public knowledge, the standard cell ASIC solution is both slower and more expensive, why did they come up with such a decision?
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The monthly variation has a fairly high beta compared to 12 month rolling, of course. This chart is interesting, if it is accurate, it means that the sale of government bonds in 2007 triggered the financial crisis, and after that the sentiment changed, they have to buy much more bonds to keep the system alive, and I guess they dare not to sell any government bonds in the foreseeable future
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That's why gold is crashing hard
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But you need to sell something really exclusive, they can't find in any other shop.
If I go to buy one nice ring for my wife and they tell me I need to buy it with gold of WOW, Linden Dollar or Zimbabwe dollar I will probably tell WTF!, and I will just go to another shop and buy the same ring with cash.
And nowadays is really hard something exclusive unless you make it yourself.
Ture, for normal trading companies this is not practical, but for producers this is possible. Avalon mining rig for example sold exclusively for bitcoin, there should be many other producers attracted by this idea, this will increase the income they get from the sale
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At a higher abstraction level, even if you don't gamble, that decision itself is gambling, since you are betting that you will get better result when you are not gambling, and that decision is not always true Holding fiat in a cyprus bank account is such an example Gambling normaly shifts value between players, no new value will be created, but in bitcoin every day new values are generated, both coins and services
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Decisions to speculate on BTC value are separate from selling goods at a profit. They could equally have sold the services at full price and bought BTC and made twice as much money.
By accepting bitcoin, they avoided all the hassle of buying coin from exchanges I don't think there is any problem for merchant to accept bitcoin payment, the problem is on the user side. Unless average joe could find a easy way (and strong motivation) to get coin, it will just like WOW gold, only a certain kind of people will be interested. But if all bitcoin-accepting-merchant have some kind of general consensus that a special part of their sales only go for bitcoin, that will make some difference
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I think the problem once you get into the higher flow rates that the fan design can't help with is the amazing amount of air that is "wooshing"....moving very quickly, through the system. It is less a fan problem with many of the fans and more of the nature of the volume of air. Even top-notch bearings and a great blade design are hard to make these quiet at the higher air flows.
Do you have room to put more fans which you can run at a lower speed, instead of a few very high speed and flow fans? Could you duct/reposition/etc your setup so you don't need as much air, as long as it is used more efficiently?
You are right, maybe that is the wrong approach, so far I'm impressed with Gentle Typhoon AP15, very quiet but still great amount of air flow, just bought several more and will stick to those for a while
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In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings. I think everyone will agree that's a form of gambling.
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
No, if you repeat the process in gambling, what you put in will be less than what you get out in the long run, that's the reason gambling is regarded as a non-productive activity and is prohibited in some country But bitcoin's payout is constant, if you decide wisely, what you mined out usually value more than what you put in, the common sense is 3 month's ROI
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You are missing the point.
Bitcoin will succeed only if there is a compelling reason why using it is better to using the alternatives, not by trying to create situations that force people to use it.
Actually fiat money is spreaded by created situations: Salary handed out by goverment and enterprises who took fiat loan from banks, and banks give you credit card to encourage your spending If people can get their salary in bitcoin's form, they might spend it, but it seems not practical. Due to bitcoin's limited supply nature, people will always spend inflative fiat money and hoard the deflative bitcoin, so bitcoin will not be constantly spent without some special motivation International travellers might find some benefit of bitcoin, but unless you need to buy a car or a house abroad, today's VISA/Master Card also work well in most of the countries, and they even provide buyer protection and insurance
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Precious metals are on the way out, India become the last buyer
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I think bitcoin will co-exist with fiat, and as long as fiat exists, the motivation to borrow bitcoin is very low, since it's always preferred to borrow a inflative fiat currency
The only reasonable consideration is borrowing a lot of bitcoin and sell them, causing the price to crash, and buy them back to profit in the process, but shorting has unlimited risk
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For example in gaming/PC hardware market, special/collector's edition of games, top graphic cards, highest performance gears etc...
Since the amount of sale for those special products are small, it will not affect existing sale too much, but it will have some promotion effect and give bitcoin a positive image of enthusiast, special, high end payment medium
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BTCs were sold to pre-order ASIC mining equipment from kncminer
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Steamboat
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Reloading a saved game...
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Problem is that Mercedes/Prada/whoever * need $$$ to pay their bills? If all diamonds producers only accepted bitcoin there would be more demand for the currency, but also more incentive for 'elites' to keep it away from the peons. *insert whatever 'luxury' means to you Mercedes could sell most of their cars for EURO, but their Mclaren SLR could only accept bitcoin payment. Who are interested in Mclaren SLR will sure have enough patient for a transaction in bitcoin, and these type of customers are always thinking differently and have the ability to learn new things. And for Mercedes, it doesn't affect their sales, since Mclaren SLR won't make the majority of their sales anyway, even the bitcoin price crashed, their loss is very limited Due to the technical challenge in using bitcoin, it only suits those people with IT/Finance knowledge, and these people typically also have special demand. I never believed that bitcoin will replace fiat money, but if you find the right market segment, it will flurish. As a currency of highest credit rating, it deserves to serve the high end customers
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Because of the existing of fiat money, even if every merchant accept bitcoin, it still does not make it popular, since the typical people don't have bitcoin and there are lots of hassle to get it
To increase the interest of bitcoin, there must be some products exclusively sold only for bitcoin, and those products should be in the high end segment. In this way, some specific consumer will try to get bitcoin, that will make bitcoin a little bit special
I'm implementing this idea in my business now: For most of my products, I accept both bitcoin and fiat payment, but for some special product of very high quality, I only accept bitcoin exclusively. In this way, my normal sale will not be affected, and some user would still have motivation to use bitcoin
Hign end does not necessarily mean expensive, but it should be unique and special, with limited supply, like anniversary edition, collector's edition etc... People who are interested in these special products will try their best to get bitcoin
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I'm looking for some 120MM server level fans that have 130+ CFM but still relatively quiet, but most of them are very noisy
I read on this forum that there is a Delta AFB1212VHE model which claims to be the best 120MM fan in noise/CFM ratio, but this fan is not a PWM model, I just purchased some AFC1212DE model with 193 CFM, but the noise is almost as lound as a vacuum cleaner
So it seems that a 120MM fan can only generate around 100CFM without being too noisy, anyone compared delta fan with gentle typhoon AP31 ?
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