I think Kraken runs a tight ship, both legally and technically.

I think it's the only exchange that has full audits of accounts (and thus security) with public domain results:

http://www.coindesk.com/krakens-audit-proves-holds-100-bitcoins-reserve/

If you don't want to don your shirt and tie before you enter then a more relaxed exchange may be a better choice. But that has it's own costs when considering the whole scope of "risk assessment".

Remember extra security measures are not just to appease government regulations, they also help protect user deposits, users feeling "hassled" to do this is an unfortunate side effect.

That's a good idea, a mix of luck and skill, multiplayer 4 seat monopoly where the website takes say a 5% rake on each game, the winner takes the rest. Or maybe tiered winnings so everyone gets some BTC back, 1st and 2nd place making profit.

But it would be quite involved to write.

Still not yet... I think I'll pass out when i finally get tracking info, and then once again when parcel arrives.

The "Tale of the Black Arrow Bitcoin Miner" will be passed down my family for generations to come (well at least one generation ).

I think it's the quiet before the storm, just a question of when.

If it's to become a widely accepted exchange mechanism then we can expect several more mega coasters for sure.

That's what Bitcoin already is, when the the difficulty reaches infinity the leading zeros in the required key reach 256, the whole key must then be zero.

When this final "rapture" block is solved then "god" will appear in robes and sandals in the real universe throughout all space and time.

People holding bitcoin will be offered tickets to heaven (of various classes) by "god" via escrow.

@Marto,

Nice work on RockerBox board.

Will the final board accept standard intel coolers, same as HEX4M?

I think developing boards with standard cooler mount would be good, then your existing customers can use their existing equipment and just buy upgrade boards as you develop them.

Haha, yes my perspective is locked into exchanges at the mo!

It's an interesting concept you raise, thanks for discussing it with me!

not yet...

Very doubtful, more likely that the peasants pick up the tab as has always happened throughout history with every fiat collapse.

Central banks will never liquidate their hard earned gold in order to give another few years life to the fairground and its paper ticket tokens. The central banks are very crafty beasts, been playing this game for many years and love their gold oh so very much.

Nowadays (after 1970) the banks drive gold price down by issuing derivative certificates, the real gold stays safely locked up (or maybe even safely squirreled away to unknown places, that's why Ron Paul was demanding Fort Knox audit.):

http://www.gata.org/node/13644

Remember central banks (like the FED) are private companies with no obligation to the governement. The relationship between government and FED is similar to the relationship between a citizen and a high street bank, the citizen decides nothing, wheras the bank always has the citizens balls in an ever tightening sling.

More likely is that during a collapse another new asset backed currency is formed and all users can exchange old for new, taking a large haircut as they do of course.

Gold may be used to form a new Bretton Woods like system, so all peasants take a LARGE haircut and we rewind the clock 80 years only to take the same ride again.

OK, I'm lost now (or maybe you are)  .


this contradicts quote below?


this contradicts quote above?


Known as a "Market Order" aka buy/sell, someone just buying/selling at whatever price exists in the order book.


I dont see how that's possible, all market buy/sell orders will always be matched down the order book unless the exchange has a bug.

Market order sells will always lower price, buys will always increase price.


No worries, I am always on the lookout for new/novel indicators to incorporate into my software as I evolve it (see siggy).

But if your "bitcoin hour" can not be derived mathematically from market metrics then it has no merit in my application, that's not to say your theory does not have general merit.

Hmmh, could you give a real world example of something that would cause say +1 bitcoin hour to occur.

I understand that total blockchain transaction amount per time (BTC/Time) is equivalent to "velocity of money" for the Bitcoin economy.

The unit you mention is the reciprocal of that.

Am I missing something?

lol at "dont even take time to say Thank you", now that's lazy!

An even easier way (and even less likey) is to take a guess at a private key of a large BTC wallet, just mash the keyboard, and get it right first time.

Yes, assuming 400W per board at the wall, that's 10 KW.

The heat is not the biggest problem, you could always install large window extractor fans. Or liquid cool with a car radiator outside.

But 10KW power is alot:

If you're fortunate enough to be on 240V then that's 42 Amps.

120V supply and you need to carry 84 Amps.

In both 120 and 240 scenarios you will probably need a 3 phase house hookup and then run 3 * 2 phase lines from your house box spread over your PSUs. Get an electrician to do the house box wiring if you don't understand 3 phase, or be very careful and have some spare street box fuses on hand of the correct value.

10KW constant base power is alot, remember you will have kettles, toasters, other machines running on top from time to time, so expect it to peak at 15KW or more. You'd have a very warm winter though

Just trying to get my head around this concept.

I understand bitcoin/time (bitcoin per time), a measure of total transaction volume:

So if we say take a 1 hour period and sum all transaction values entering the blockchain we would arrive at X bitcoin/hour.

A higher X indicating a healthier and more liquid and thus more widely adopted and used market.

A more useful metric to understand adoption would be fiat/time for all transactions.

But bitcoin*time (bitcoin multiplied by time), I'm not sure I understand the concept, could you break it down for me, I read all posts but it hasn't "clicked" with me yet. I'm thinking maybe individual user count is needed in the math?

edit: OK I think I got it, its a HODL metric, simply the inverse of liquidity. Same graph over time as liquidity only Y axis flipped?

I think I would prefer to look at a graph where bitcoin health was mapped positive on the Y axis, so a trending up graph was healthy.

The inverse might be counterintuitive to users viewing the graph.

development plans ordered in time are:

BitBot, binary coinflip luck game (99% complete)

Singleplayer 3D blackjack against house (80% complete):



Multi seat 3D online poker (<20% complete)

I have no pure skill games planned.

LOL, how very assertive of you, what would you do if I did?

People have talked about this before you:
https://bitcointalk.org/index.php?topic=304282.0

Worry not dude, I currently have no plans to write a chess for bitcoin game.

Good luck with your project.

It is on hold because I have commitments to my Cortex7 subscribers, the old Cortex7 version was working with MtGox, I decided to rewrite it to work on all platforms after MtGox collapsed.

Game4Coins will probably go live in 2015, bitbot first followed by BlackJack, followed by... Chess (only joking @coinbuddy)

I am concentrating on the project in my siggy, and if it's succesful then I will probably stick with developing that for a year or so.

I have a project on hold: www.game4coins.com, these games utilise a 3D engine and can be played as Flash or HTML5 right in browser.

So you could create a 3D chess game that would even work in oculus rift.

Here's a 3D luck game I wrote:

http://youtu.be/80gKS8GPvkk

I'm currently working on the project in my siggy so can't offer to do the work for many months yet.

But the multiplatform 3D engine is available as a free version if anyone wants to get hacking away:

http://www.shivaengine.com

Those PSU Should work fine and run on the sweet spot of >90% efficiency with only 60% load. Slightly less efficient if you added the S3s, but still ~90%.

I'm not sure on the boards hole diameter, large enough and you may get away with cheap threaded rod with lock nuts for standoffs.

failing that you could use short threaded rods with locknuts on each board and then have drilled wooden dowells (broomstick) that go in between boards. Paint them black if you have spare time b4 boards arrive