 i was a bit lost for words. That is so perfect in so many ways. |
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I heartily approve of this service and have added it to my ever-growing list of ways to recoup tx fees.
LOL, that's a good way to look at it. |
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You certainly can. But it involves a lot of risk too, since there is no guarantee of those profits in the future.
In the peak of my GPU mining, I could make $100/day. Now, I am making $6/day, and more than half of that goes to pay the electricity for them. And that return will get even lower as more of these more efficient miners start being used.
Dude! When were you making $100/day? Middle of June IIRC. It was when the price hit its peak of $31... difficulty was still low enough that 1.8 GH/s was making me 3-4 BTC/day. |
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You certainly can. But it involves a lot of risk too, since there is no guarantee of those profits in the future.
In the peak of my GPU mining, I could make $100/day. Now, I am making $6/day, and more than half of that goes to pay the electricity for them. And that return will get even lower as more of these more efficient miners start being used.
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I guess I am confused now...
You said that a lifetime subscription gives you access to everything published on your site, but now say that there will be pay-per-view content as well?
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The problem is... how do you recognize "evil" blocks? What properties do they have that make them unique from other blocks?
If such a system was in place, a list maintainer (or some other entity) could issue something to build into the block as an identifier of origin. That's just the first idea which came to mind and there are probably other ways to do it (if network analysis by the list maintainers were not sufficient for the task.) list maintainer= central point of failure/control/attack Let me say again, ASIC is inevitable. That is not the problem. The problem is that it is too soon. Right now it is doomed to failure for the INVESTORS. The price of bitcoin is just too low and the ASIC miner (in the hands of one entity) will undermine confidence in bitcoin and make the price even lower. The investors will not get their money back and bitcoin will be damaged. ASIC mining will make sense when the market cap of bitcoin is greater and it would be harder for one ASIC miner to control 50%. The odds of a single entity going to a reasonable share of mining without surpassing it are quite low. At 20% the network will exist just as it does today, but once you pass 40% confidence will start to erode and you will be acting as a 'tax' on bitcoin by driving so many of time mined coins to be exchanged for fiat. Couldn't agree more with this post. |
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Why would you be willing to accept 15% rate on $75K? Is your credit that awful?
My credit is good. Traditional banks aren't interested in doing these types of loans anymore due to the housing bubble. I have explored the hard money lending avenue and they like to charge a higher interest rate with points up front, making the loan costly. Makes sense then. Best of luck getting the loan. If I had 15,000 BTC, I might consider it! |
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Why would you be willing to accept 15% rate on $75K? Is your credit that awful?
My question as well. Why not just go through traditional loan channels? Get a mortgage on one of the properties, perhaps? |
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It really pisses me off when people explain something not mentioning the whole picture. What we have in the entire world today is not a free market and it is not capitalism. What we have is GOVERNMENT (FORCE, COMPULSION, VIOLENCE, AUTHORITY) that enables companies to behave in ways the free market would have never allowed them to also called CORPORATISM.
+1 To anyone complaining, if what Vladimir is doing is so lucrative, you'll have no trouble starting your own ASIC farm and taking a share of the market. If it's not, then what have you got to worry about. You assume that Vladimir will be the only guy who ever mines on a massive scale. This isn't the banking sector, where GOVERNMENT FORCE prevents competition. Free market cartels are unsustainable, because there is a great incentive for any participant to break from the cartel and undercut their competitors. Damn state apologists make me sick! It's not that easy. If there is only one ASIC mining person/company, they will push out the competition, confidence/price in BTC will drop, and it will not be profitable for a second ASIC company to join in even if they had the funds to develop one. Also, no bank will lend $1M+ to a startup company investing in technology to do with something as risky/variable as BTC. So yes, most of us here WOULD have trouble starting our own ASIC farm, for lack of funds. |
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Yes, thanks!
Oh, one other question... what compensation are you offering to content-providers?
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I guess the only question that I didn't really get a satisfactory answer to is what kind of content are you offering? Purely Bitcoin-related content, or any old content?
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I rewrote it from scratch instead: http://bitcoincash.com/firstbits_demo/Enter your Firstbits and click outside of the text field. resolveAddress.php: <?php
function firstbits($q) {
$blockchain = file_get_contents('https://blockchain.info/q/resolvefirstbits/' . $q);
$blockchain = trim($blockchain);
// Check if address begins with 1 (very lenient, needs to be improved)
if ($blockchain[0] == '1') {
return $blockchain;
} else {
// Blockchain.info failed, fall back to Firstbits.com
$firstbits = file_get_contents('http://www.firstbits.com/api/?a=' . $q);
$firstbits = trim($firstbits);
// Check if address begins with 1 (very lenient, needs to be improved)
if ($firstbits[0] == '1') {
return $firstbits;
} else {
return 'no_match';
}
}
}
// Get the query via GET.
$q = $_GET['q'];
// The function output is stored in $firstbits.
$firstbits = firstbits($q);
if ($firstbits == 'no_match') {
echo 'no_match';
} else {
echo $firstbits;
}
?> Mind if I post this to the firstbits website as an example how to use the API? |
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I just won 0.001 BTC to the donation address.  Would be cool if a person could see "already broken" crates for a specific time period. So, all the crates that were broken during a given day would show a broken crate with the amount inside of it that was won, then they would all reset at the end of the day. Or something like that. That would make it a little more interesting/different from the existing coin-a-day sites. Would you consider adding firstbits support? That way, I don't have to worry about whether I am at my home computer or elsewhere - I'll always have an address to put in and use. |
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Please remember to also include the "Everyone:" section in your posts as well! I'll total up what's been done so far...
Everyone:
Total BTC generated/day: 591.59
Total BTC sold/day: 18.50
Total BTC held/day: 573.09
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A couple of questions...
1) Why do you call it a subscription when the only option is life-time access? I'd call that something more along the lines of a membership. To me, a subscription is something that you pay for on a regular basis, and access is revoked upon non-payment.
2) What kind of content are you offering, and why do you believe anyone would be interested in paying for it?
3) Are you building a service that other people can offer their goods through as well?
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This makes me not feel so good about my recent BFL purchase.  I hate to say it, but I do agree that a centralization like this could severely damage Bitcoin in a scenario I imagine: - If enough hashing power is generated by vlad, and the price/BTC stays the same, then most GPU miners will drop out. - If vlad sells all of his generated BTC to cover costs and investor dividends, then the price will drop further, as more BTC is sold instead of traded for goods or held. - If the price drops, and ASIC mining increases, then difficulty is going up while price per coin is going down. More miner dropouts. - More price drops, as vlad ends up with a higher percentage of mined coins, continues selling them all, and confidence in BTC wanes. - Eventually, vlad owns 70-80% of hashing power, because the price has dropped so far that only those with ASICs or free electricity are profitable to mine. - Extreme loss of confidence from everyone, since one person controls the Bitcoin network. No one wants to risk having money held in BTC, so price drops to $0.25/BTC or less. I doubt Bitcoins will ever cease to be used, but a death-spiral like this could definitely happen if ASICs aren't released to the general public. One person/company having ASICs while no one else does would be disastrous. The barrier to entry is too high for another person/company to risk spending the time and money on developing, but no one else will be able to compete without ASICs. If no one else can compete, no one else will mine. If no one else mines, no one else gets coins to spend. The bitcoin economy would be slowed, and confidence in the project is destroyed. Vlad, I very much encourage you to make ASICs publicly available. It is in your own best interest that you do so. |
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is gpumax down for others? my miners arent getting any work and occassionally when they do the shares all being rejected
Same. I've been watching my workers, the leased and public stats have stayed the same for a while. |
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What would stop people from adding to their hashing power to increase their number of votes? Or is that the goal?
If that's the goal, seems like a bad idea.
1. 1/10 of the hashing power does not necessarily mean 1/10 of the votes, because of variance.
2. Why not use a simpler/more traditional method of voting?
3. Anyone who thinks they have something to gain by acquiring the majority of the votes could go out and buy more hashing power. Other people don't necessarily have individual incentive to counter such a hashing power purchase.
4. Because of 3, the voting system would become unfairly biased towards those who invested in hashing equipment. No one should be required to make such an investment just to vote in a company.
Also, what size of company are we talking here? Seems like it'd be pretty easy to do a vote-by-email, or even a paper tally vote for most companies. No need to have people hashing unnecessarily, relying on statistics with variance and wasting electricity.
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I'm sure the final version will have the high-gloss heavy-weight paper that Matthew was talking about. Why would they waste money on printing on high-quality paper for a sample copy of it?
Also, what do you mean by "explicit ads"? I don't want pron in my mag... and will probably cancel my order if that is the case.
I think you're confusing Explicit with Illicit? It doesn't matter, since it was all a lie anyway. But... Explicit = pron. Illicit = illegal stuff. explicit = clearly laid out, made obvious -- "explicitly stated" Certainly, there are different meanings of the word. But I know when someone says "Explicit content", they mean content that is sexual or nude in nature. It's definition 2b here: http://www.thefreedictionary.com/explicit |
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