I never got this "it costs to much to mine" concept.  It reeks of those bad at math.  Take BFL lineup a Jalapeno is almost as efficient.  If it "cost to much to mine" with a Jalapeno then it "costs to much to mine with a private 100TH/s company as well.  If by "costs to much to mine" you mean "I can't spend $1K in hardware and making $100K a year in profit forever" well your right but those that believed that were just dumb.

ASICMiner only has 25% of marketshare because BFL and Avalon have failed to delivery in volume.  If even half of BFL pre-orders had shipped then ASCIMiner's share would be more like 10% to 15%.

What happens when botnets use GPUs?

Well the number of units is irrelivent. If 20 will return their purchase price in mined coins in 300 days then so will 20,000 or 2 or 1.

Still assumming current difficulty for 300 days is silly.  Take a look at a year long difficulty chart and pretend a year ago you had assumed that buying a bunch of FGPAs.  Oops difficulty increased 500%.

Say it is 300 mining days to break even at current difficulty and imagine you mined for 30 days and then difficulty doubles.  Ok so you mined 30 days and have 270 days days to break even except now it doubled so it is 540 days to break even.  Well that is longer but no problem.  You are able to mine 60 days before difficulty doubles again.  So 530 days - 90 = 440 *2 = 800 days to break even.  You mine another 90 days and difficulty doubles again ...

Starting to get the picture.

"Any average person can just look at the Pre-order numbers from all the companies as well as the Chips buys...add in the ASICMiners and it equals wayyyy more Network Diff then we can make any profit with."

Then don't buy or wait and buy them for pennies on the dollar from discouraged miners who are really bad at math.  I mean people kept buying even knowning that tens (hundreds) of TH/s were ordered ahead of them.  People kept pre-ordering even when the companies fell further and further behind.

In the long run the market will reach equilibrium.  The reality is many who bought ASICs foolishly are never going to make back the cost of their hardware.   The have already lost 30% to 60% of their purchase price they just don't know it yet.

Math. 

This is why I love Bitcoin.  The provability of the blockchain.  If BFL shipped 90TH/s or 400TH/s we would see it in difficulty.  Actually if anyone was mining with that gear (BFL or owner) we would see it in the difficulty.

So the bad news is that even if BFL is self-mining they are doing so with such a small amount of hashing power as to not be meaningful in context of the amount of orders they have promised.

Regulators are ALREADY involved and they honestly don't care your (or mine or anyone's) opinion on if they should be.

Yes but the SEC (or FinCEN or other federal agency) tend to work hand in hand with the Justice dept.  So while SEC can't file criminal charges they have already done the legwork.  All it requires is a phone call and turning over all docs to Justice dept and you can have an arrest warrant as fast as you can wake a judge up.  Note since sometimes people skim comments and reach their own conclusions I am not saying that he WILL be charged but just that if the Justice Dept wants to well it is trivial at this point.

The bad news is it is unlikely victims will get much if anything back other than the satisfaction that Pirate (still can't believe people gave a guy named "Pirate" hundreds of thousands of BTC) is in trouble.

Generally speaking if it involves a US entity then our over reaching federal govt is going to claim jurisdiction.  Take online poker as an example.  US players, playing on foreign servers run by foreign companies and with banks in foreign countries.  The Justice department seized the servers, bank accounts, and filed charges against the foreign companies.

None use predetermined times.  Every superblock clone uses a "lottery" random function.  The code in your coin is an EXACT copy of the code from luckycoin. It even uses the same variable names, whitespace, and structure.  It is immediately obvious to anyone that it was just copied and pasted from luckycoin's source code. I showed you copies of both Nugget and LuckyCoin codebase with the exact same code in it.  They are exactly the same except yours has a mistake in the ordering of the functions which results in no blocks ever being bonus/super/golden. Yours doesn't work because the developer made a mistake.  Nobody has fixed it because nobody cares.

For fuck sake you would think in 73 pages you would have learned something.

Open source is OPEN.  There is no such thing as "lock it in your repo file".  It is a repository, that means a place for storing code, history of changes, bugfixes, etc.  It doesn't lock/hide the code.  If it did nobody would use it because it would be closed source.  

Here is the bitcoin repository
https://github.com/bitcoin/bitcoin

Notice you can view all the files, you can view all the changes too, and you can view who made the changes, you can also view all the projects which are forks of the original project, all the pull (changes not yet incorporated into the mainline project) as well as all the debate on various bugs, fixes, and patches.

None of it is hidden or locked.  It is OPEN TO THE PUBLIC.

Yeah that is EXACTLY like LuckyCoin and the other dozen or so copycat scamcoins which came out before NUG.  By EXACTLY I mean just that.  There is absolutely nothing novel or innovative about NUG well unless you consider the fact that it didn't launch and has to set a record for most incompetent promoter.  Notice I said promoter not developer because that would require that you actually develop something.

Devalued simply means worth less not worthless.   They will pay people and collect taxes just like they do now.  It just might be that minimum wage is $48 an hour a Combo meal at burger king costs $60.00 and a college education (state college 4 years) is $1.2 million.

Most tools for estimating difficulty looking only at blocks since last difficulty change.  So right after difficulty change they are mostly useful and you really are looking at just the "luck" of the network.  In 3 or 4 days if it says the same thing then it might mean something.  Difficulty can go down.  It means more hashing power was turned off then hashing power was turned on.

Well not saying it is or isn't a possible but a die shrink at most means 2x the transistors for the same die space and in theory double the efficiency (MH/W and MH/$).  As a pratical matter nobody gets full theretical boost.  A 50%-70% improvement would be more realistic.

Probably a good idea but I doubt it.  That would require you to actually learn something.  You have been incredibly successful at not learning anything in this process so far. 

LOLZ.  Closed source crypto-coin.  That is beyond hilarious.  Please, please I beg you to make it.  I will create, premine, and give you 10,000 LOLZCoins if you do.


Maybe nobody wants to work with you.  BTW Spots is a clone of Nuggets except it works.  It is still a worthless scamcoin but at least it works.


That is the problem you never had any good ideas.  $10M, an entire development team, and professional branding, it wouldn't matter.  You can try to shine a turd all you want but it is still a turd.

Oops missed that. That probably is not exploitable. Still I think variable rewards are really just a useless gimmick.   Today if you want a small chance of a massive reward you can solo mine Bitcoin ... except nobody does it because it is lower risk to accept a high chance of a smaller reward in a pool.

Of course it can.  The coinbase has an extra nonce field, simply increment that and check if the it produces a super merkle root.  If the odds of a super block are say 1 in 200 it will take on average 200 attempts and you would have a "super merkle".  Now just that super merkle exclusively using nonces and timestamps to produce a hash.  If/when you find a block it will ALWAYS be a super block.

Given that "exploit" nobody would mine any other way. 

Maybe I misunderstood what you were saying but if the super block is based on the merkle root hash that will be KNOWN before you attempt to solve a block.

i.e.
solve coinbases until you find a super merkle root hash AND THEN
only using "super merkle root hashes" mine normally.

The time to solve a block will be normal and you will always have a super block.

Well then why are you here?  There is no barrier to entry on mining so on a long enough timeline the margin on mining is going to zero.