|
Hi
Here I am quoting Josh from BFL
"My napkin calculations indicate a less than 10x increase in difficulty due to BFL hardware sold so far."
I his estimations on sales numbers, or is he giving a low estimation to increase sales numbers, I dont know!
|
|
|
|
This has been asked 100x over. Either sell the GPUs, or move to LTC mining.
So you will move on to LTC? |
|
|
|
|
So what will happen to all the GPU miners? Which currency do you guys plan on moving on to mining?
|
|
|
|
|
Well ok, so what I meant was, it will make attacking the currency harder for the average person.
It will be better. The downside will be that profits will be split up and people will make less cash from mining.
|
|
|
|
|
There are no lessons, only experiences that become a part of you.
|
|
|
|
|
Well they also claim that they can produce 300 every 8 hours, so does that mean, if we assume there are 5000 preorders, they can produce them if they worked 5.5 days straight??? So many Asics in such short time?
Can you imagine if the Chinese get hold of one and manage to copy it! We'll have millions of Asics everywhere..
|
|
|
|
Star trek  lol What's not to understand? This machine just performs one part of the process. The parts that go into the machine still have to come from somewhere, and there is a lot more processing involved besides just running the units through the reflow oven. It's not like the replicators on Star Trek where they just say "make me 9,000 BitForce SC products" and it fabricates them out of thin air. |
|
|
|
|
Once the asics start mining the hash rate will rocket, and with the introduction of low cost miners more and more people will be interested in mining. This will protect the currency from 51% attacks, it will almost be 100% safe. What do you think?
|
|
|
|
|
Notice how most people vote for the numbers in the middle! I wonder if they have done their calculations?
|
|
|
|
|
Asic mining is very risky indeed, but payoff could be worth it if the price of BTC goes up. Its a risk, you may lose you may gain. Thats the way I see it.
|
|
|
|
At least with Bitcoin you can see clearly when and where the theft has happened. https://bitcointalk.org/index.php?topic=83794.0Is this acceptable to the community? (To be clear, this is an incomplete list as far as I can tell) How much money needs to be stolen before the community accepts that there is a problem? Some of you get it, others still want to be part of the problem, apparently. |
|
|
|
We cant trade like rice because rice is a source of nutrition and thats why its valuable to all people. We give bitcoin its value. And the more we trade it the more valuable it gets. Im talking about a country with no rules.
The problem is, we don't live in countries with no rules... eventually citizens of regulated countries want to cash in their bitcoins for trade (ideally), or fiat currency (more often ATM). Those of us attempting to operate legal, tax paying corporations that profit from and help develop bitcoins legally have to develop ways to work within the existing legal structures, and we have to do our best to influence further regulation/interpretation of laws. This is why I currently support the bitcoin foundation. Bitcoins are essentially a commodity, not a traditional currency. I don't see why we can't trade it like rice. |
|
|
|
|
Thinks a moustache ride is like a banana ride
|
|
|
|
I hope so, because I'd rather meet an alien. A friendly one,  I never said they were controlling, nor do I have any proof. All I'm saying is, that it is a possibility. IN MY OPINION, history has shown that: The state is always trying to make money out of you and control you. If they see the potential, they will pull out the big guns if its worth it for them. I am pretty sure that would violate many amendments and laws, and if that was true, why have no companies been shutdown or brought to trial?
The men with guns make the laws and determine how they are applied. There probably have been some that were shut down, though I don't know who off the top of my head. More common is for them to fall in line and comply with all regulations the regulators say apply, under threat of violence. Until there is any court case, your arguments is invalid, and the people who fall in line are just not strong enough to handle bleeding edge communities like this. Where is the proof that they are controlling bitcoin business? Your opinion is invalid no facts to even prove that. very slim possibility, you have a better chance of meeting an alien |
|
|
|
I never said they were controlling, nor do I have any proof. All I'm saying is, that it is a possibility. IN MY OPINION, history has shown that: The state is always trying to make money out of you and control you. If they see the potential, they will pull out the big guns if its worth it for them. I am pretty sure that would violate many amendments and laws, and if that was true, why have no companies been shutdown or brought to trial?
The men with guns make the laws and determine how they are applied. There probably have been some that were shut down, though I don't know who off the top of my head. More common is for them to fall in line and comply with all regulations the regulators say apply, under threat of violence. Until there is any court case, your arguments is invalid, and the people who fall in line are just not strong enough to handle bleeding edge communities like this. Where is the proof that they are controlling bitcoin business? Your opinion is invalid no facts to even prove that. |
|
|
|
IN MY OPINION, history has shown that: The state is always trying to make money out of you and control you. If they see the potential, they will pull out the big guns if its worth it to them. I am pretty sure that would violate many amendments and laws, and if that was true, why have no companies been shutdown or brought to trial?
The men with guns make the laws and determine how they are applied. There probably have been some that were shut down, though I don't know who off the top of my head. More common is for them to fall in line and comply with all regulations the regulators say apply, under threat of violence. Until there is any court case, your arguments is invalid, and the people who fall in line are just not strong enough to handle bleeding edge communities like this. |
|
|
|
Im talking about a country with no rules. If you setup your company in the middle of the ocean and access it trought a fiber cable from 10Mm (mega meters, just for fun of scientific notions, 10000km) away, lets say you connect from Iceland, you would still have to comply with Iceland laws.
So the location really dosent matter, if not from a fiscal point of view.
|
|
|
|
Yes, unfortunately it comes down to who has the biggest guns. I concur. Actually you can't impose regulations on a business that has no fiat currency. If you deal with fiat currency and bitcoins then you have to pay taxes, and do everything by the book. But if you use only bitcoins then you don't have to worry.
The men with guns can enforce whatever regulations on you that they wish. To think otherwise is fantasy. Is it right that they do this? No, but they do it anyway. |
|
|
|
How about in the case of GLBSE? What I meant was rules and regulations can be imposed on business using bitcoin depending where they are. What do you mean have at it? There may be no rules and regulations in Bitcoin, although that does not mean rules and regulations cannot be enforced on Bitcoin. There are no laws and regulations in bitcoins so have at it.
Actually it does mean that no rules or regulations can be enforced upon bitcoins, that is beauty of bitcoins that is why they are amazing! Actually you can't impose regulations on a business that has no fiat currency. If you deal with fiat currency and bitcoins then you have to pay taxes, and do everything by the book. But if you use only bitcoins then you don't have to worry. |
|
|
|
|
Show Posts
