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You're not really busted, you haven't broken any laws by being in Michigan with Ohio plates. Since you chose to leave instead of showing ID, you've done nothing but literally be in the state. Just go to a different plant that actually wants to make money.
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Holy hell... Nice setup, Giga.
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But mom, if the bets of bitcoin are in favor of it coming this year, then it just has to be true!
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Thanks. I didn't know that.  |
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Yes. If you think of it like business person, BFL will try their hardest to release ASIC before the reward halving occurs (Dec 9), to attract more potential buyers.
But of course, if you have your own agenda, biased or hate BFL so much for their previous treatment to you, you'll instantly vote No in this poll.
Actually, if you are a dreamer, and have faith in a company that was previously wrong, then you'll vote yes. If you're a realist who sees the entire situation as it is, then you'll vote no. |
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Did anyone else notice that the pool statistics are missing?  Says they are delayed by an hour, but they never show up for me... |
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70 is also right around the temperature I shoot for. I keep my fans at 100% in a room that's approx 80°F.
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Except the speed does matter. BFL simply does not have the resources to ship every current order that has been placed on the same date. Meaning no one entity will receive a large enough quantity to create an attack.
Edit: And my response is not to say you're incorrect. You (and the others) are completely correct in that it costs far less to gain 51% of the network hashrate, but the high level of accessibility is what increases the security. While BFL doesn't have millions of dollars in orders, they have enough that everyone will have a slice of the pie when ASIC hits. The point is to keep the pie in small slices instead of halves.
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They are "sharing" their products with us for the cheap because they will make large amounts of money from the initial sales. People will then realize that a single jalapeno sounded great when the difficulty was 1.7M, but oh no, I need more hashing power now that the network is over 200Thash. Hell they are only $150, let's get a couple more!
Before we know it, the ROI time will be years and no one will be earning well. On the brightside, bitcoin as a currency will be very secure.
How is it more secure? Going to take the less money to buy 50%+ as it always has in your 200Thash scenario. 6 million. (30k for 1TH box) Current speed of 13THash using $600-1,000 a gh is 7.8 million to 13 million. (best FPGA to new GPUs) Total bitcoin market cap is: 67.13 million http://blockchain.info/statsAgreed. The determinant of bitcoin security is its market cap. The more bitcoins are worth the more profitable it will be to mine (all else being equal), and the more money will be put into mining. Thus, a new miner entering the market would have to pay more to get 51% of the total hash rate. I'm not sure who you're agreeing with, but check my response to his post. It is theoretically easier to gain 51%+, but with all the orders already placed, the network hashrate will be exponentially larger by the time anyone has enough of the ASIC chips to attempt an attack on the network. |
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I'm running 2x 5870, 1x 5850, and 2x 5830 in a rig with all unpowered risers.
The way it works is that each PCI-e slot supplies 25watts of power, and then from there 6-pin or 8-pin connectors add 75 or 150 watts respectively. So the power draw shouldn't be too great, but you have to make sure that your PSU has a pretty beefy 12v rail since the 25 watts for each slot is pulled from the 24-pin motherboard connector (~10.5 amps).
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Deus Ex: Human Revolution is a great game.  |
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Lawl. This could go both ways. Depending upon which side of the law you are on.  |
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I'm surprised no one has pointed this out yet (since I'm hardly an expert) BUT...
People wonder why BFL doesn't just mine instead of sell? The answer is simple. There is a very large up front development cost to producing the first Mini-Rig "SC". Some other thread estimated 10 million dollars to create the ASIC design.
There is tremendous business risk to investing $10m and then using it to mine, since the difficulty is sure to go up and BTC will go down significantly if the sudden appearance of a large amount of hashing resources "spooks" the network.
On the other hand, BFL business model of announcing powerful machines many months ahead of time and taking pre-orders is ideally suited to the large R&D cost of developing the rig. It is almost a self-fulfilling prophecy. Miners anticipating the future appearance of big hashing power have no choice but to either pre-order the devices or plan to exit the mining market.
If BFL can deliver as promised they are following the most logical course.
Exactly. It's almost like the anticipated rate doubling when the block reward halves. It will more than likely fulfill itself. People expecting the market to rise will buy more coins, which raises the market. LOL |
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About the power usage stats and such, remember that the FPGA single was also supposed to push 1000mhash+ @ only 20 watts.
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But this all goes back to who makes more money........the miners or the guy selling you mining supplies. Yeah, going with that, a company might make more money digging for gold with the 5 shovels they themselves would need to mine than they would from selling just the 5 shovels. But if instead they don't mine and just sell thousands of shovels to all the miners out there, then they will likely make more than they could have by digging for themselves with 5 shovels. Analogous point for BFL. Point #1: No one digs for gold (serious miners) with a shovel now days. Point #2: Manual labor and running software can't be compared. One is physical and one is more virtual/electrical/automated. Hardly a good analogy..lol An analogy is just that - an analogy. It doesnt matter if miners ACTUALLY use shovels now. It's the logic. And the manual labor/software here is perfectly warranted too. Again, its the logic. The cost/development of shovels from Miner Company is analogous to the cost/development of ASIC from BFL. The selling of shovels is analogous to the selling of ASIC devices. The chance of actually finding gold and selling it is analogous to the difficulty rate/block chain of bitcoin mining. the logic, not the actual practicality is what matters Whatever floats your boat man lol I dont swing that way bro...lol I'm sorry to further de-rail this thread by adding another post about this topic, but seriously... Smoothie, are you fucking serious? His analogy fits the situation perfectly regardless of the fact that gold miners no longer use shovels. And FFS, did you call him out on using the word analogy because it has a root word of anal? You used the word too, you idiot. We pardon the interruption. Your regularly scheduled programing will now resume. |
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Just like the title says, I'm selling any trade-able items in my TF2 inventory. My inventory can be found here: http://steamcommunity.com/profiles/76561197972334373/inventory/I'm not really sure on prices, so just PM with offers. I only have a few big ticket items, so I'm basically just trying to sell the S. Machina, S. Sniper Rifle w/ Headshot kills and the S. Knife. Everything is for sale, though, so if you're interested in the other items just let me know. PM first with offers, then we can talk on Steam. Only accepting BTC, not looking to trade for other items. Thanks for looking! |
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200Thash is a figure I took from a separate thread, which was a rough estimate of the network hashrate two months after the ASIC's are shipped. I'm no future-seer as I know you are not either. No one knows or can know the exact network hashrate once ASIC hits. That said, your idea is correct in its theory, but almost completely impossible. You say it would only take 6M USD, which is true, but that's 200 of the SC mini rig units. If BFL, within the first 2 months of shipping the first units, will be able to send out 200 of their largest, most powerful units to a single buyer while dealing with other orders, then I'll eat my hat.
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They are "sharing" their products with us for the cheap because they will make large amounts of money from the initial sales. People will then realize that a single jalapeno sounded great when the difficulty was 1.7M, but oh no, I need more hashing power now that the network is over 200Thash. Hell they are only $150, let's get a couple more!
Before we know it, the ROI time will be years and no one will be earning well. On the brightside, bitcoin as a currency will be very secure.
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From what I read, the voltage output on all the rails was plenty stable. The only blemish I saw on the unit was that it was mislabeled as 80+ Gold when in reality, the unit didn't meet the standards for efficiency. But what do you expect with an 1100 watt psu for $140? The results were almost good enough for gold, and leave no doubts in my mind.
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