|
There is a good chance none will ship at all.
|
|
|
|
How to add image to my handle on this moronic forum?.
You certainly seem to have the right attitude. Welcome Jaw3bmasters (sounds legit!) |
|
|
|
There is no "peaceful" solution for this.
The sooner you riot the more chances will your kids get.
There is a peaceful solution, but it sure won't get voted in. granted, IF you get that far you have it. However: You need to replace the whole infrastructure and given that case nations would no longer serve a purpose. Not the whole infrastructure. Most of the structures are already in place, just not as powerful or well used as they would be in the end-goal AnCap society. And what sort of "convincing" you think will be necessary to use any structure occupied or "owned" by the existing system? Oh, you mean literal infrastructure? I thought you meant things like replacing the military with private security firms and such. I see no reason to duplicate or replace literal infrastructure.... What were you specifically speaking of? Everything from roads, railroad tracks, power lines, networks. And of course every kind of business with ties to the cronies. You can't even get the regional governments under the people's control without black uniforms showing up. At some point you'd have to fight them, physically unless you stay completely beyond their radar until it is too late for them. Maybe our ideas of how to accomplish this are actually the same. I'd say do that what the Open Source Ecology guys are doing, couple it with mesh networks and decentralized power generation. Then set a distributed data-entry system on top of it use something like the Cargolifter Airships for distribution and wait for critical mass. Declaring sovereignty might not even be necessary at that point and nations would turn out to be more of a burden to maintain, except maybe for ideologically reasons. |
|
|
|
|
5K gpus? Sounds about right.
What's your problem?
Is it that the mining community collectively calls 'Bullshit' on BFLs efficiency claims?
Or that GPUs retain their resale value independently of the Bitcoin price?
In one way you are ranting about BFLs bad credibility on the other you are giving them enough of it to come up with a theory that they actually produced chips already and are using them. Get your facts straight!
|
|
|
|
|
If the debit card has a bank account number you can tell whoever who pays your income to tranfer it to it. And in one way or the other it will have a regular bank account number, it will depend on bitinstant if it is available or not.
It's as easy as that, nobody will care if that number is a regular Giro or not - they won't even know.
Of course you would have to arrange to pay all your expenses with it.
|
|
|
|
yeah, i didn't see that image until after. regardless, we can just make a new coin or ltc could modify its protocol so that it becomes more memory hard over time.
I'm not sure we'd want that. I think down the road this kind of architecture will drive regular PCs as well as embedded DSPs. Because once you start using a sufficient number of cores that architecture becomes an necessity not a feature. They might even start removing external memory altogether, since once memory becomes sufficiently large the bandwidth required to write to all of it becomes a serious bottleneck. The 2022 version would have 16 GB core ram, I'd say that is sufficient for a desktop even by then. This isn't really a problem at this scale yet, but once go even a magnitude higher it becomes one. Hard-disks are already at this state where reliable data storage requires double or triple redundancy because the probability of another drive failure starts to matter during the mirroring process. |
|
|
|
 The question is: Will it stay? I get the feeling that wall will poof as anybody even sells near it.. |
|
|
|
probably similar to fpga consumption for sha256 mining. with 64 processing cores at ~700 MHz, that's maybe 12 MH/s
probably irrelevant to litecoin mining due to the shitty ~2GB/s memory bus
Once these things start packing sufficient memory in the cores themselfes it will get pretty efficient for scrypt. If litecoin lasts so long as their current roadmap they might even be the status quo by then. |
|
|
|
Gamers will need to have not only GPU's but BPU (Bitcoin Processing Unit) too.
Quoted for hilarity. You core bitcoiners are even more delusional than I assumed. Sorry if that meant as a joke, I reference poes law as excuse in that case. |
|
|
|
If you consider the possibility that all three ASIC mining companies turn out to be scams there is even a straight-forward explanation for such a scenario. In that case even sub-dollar prices might be possible.
Care to explain why all 3 turning out scams would move the rate down that drastically (or at all for that matter)? EuroTrash already did that for me.  The main reason I would see this as so dramatic the people who would be affected by this would be those who invested the most into bitcoin. They are the people who also already own alot of Bitcoin since many of them are miners. And finally the reaction of the general public would be dramatic as if major business in this economy cannot be trusted who can you trust. The people that already own a lot of bitcoin selling off is a good thing imo: distributes more coins from early adopters to the masses. Let it happen. I doubt it, though... These people have "lived through" the "depression of Fall 2011", they will live through "ASIC fail" just fine. Still it would get the prices down, at least as long as the drama unfolds after which the price can rise again. Again: the general public already thinks bitcoins is just one huge fractal scam.
Then why are you still here? SELL SELL SELL!  Seriously if that were true, there would be no possible way for BTC to ever reach old highs again. |
|
|
|
None for $8.00 / BTC. But if it dropped to something ridiculous like $1.00 / BTC or lower I would probably buy as many as possible to sit on.  This depends on uptake by common folk - not crusaders, not criminals, not technical gurus. Otherwise, it's only economic contribution will continue to be a way to transmit value for folks who don't like traditional transfers or can't use traditional transfers - which is a very niche market - realistically this is a no or little growth area. In other words, common folk will only hold it for a short-time, days, ie buy some BTC, trade BTC for goods or services, but never store it for the fear of loosing value. Niche market? Ever heard of System D? Perhaps you're the new Nagle. And what if the real Nagle returns? |
|
|
|
If you consider the possibility that all three ASIC mining companies turn out to be scams there is even a straight-forward explanation for such a scenario. In that case even sub-dollar prices might be possible.
Care to explain why all 3 turning out scams would move the rate down that drastically (or at all for that matter)? EuroTrash already did that for me. The main reason I would see this as so dramatic the people who would be affected by this would be those who invested the most into bitcoin. They are the people who also already own alot of Bitcoin since many of them are miners. And finally the reaction of the general public would be dramatic as if major business in this economy cannot be trusted who can you trust. |
|
|
|
Typical pendulum type movement, it goes down, then it overshoots the bottom and at one point the price is just too good to pass on, a rally quickly forms and the price shoots back up, it overshoots the top, some bulls start selling for profit others get spooked and so we go down again and repeat.
I wonder if there's a good way to accurately predict those temporary bottom/tops? You'd be able to profit quite nicely from those pendulum swings *mumbles something about fibonacci, fourier transforms, simulations,... wanders off thinking* [35 years later] "there isn't, I'm pretty sure" Wavelets, dude. It's like magic only with computers  |
|
|
|
|
AMD Radeon™ 7000 series GPUs - they are getting cheaper by the day.
/thread
|
|
|
|
It's trivial to generate packets with the wrong source ip, it's not trivial to have some ISP not dropping these packets.
Nobody said it's trivial. Mere possible. That many DDOS attacks succeed because of poor routing and firewall practices is nothing new. |
|
|
|
What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?
Today, less than 0.01%. Within a few years, probably 90%. In my opinion, this will be a consecuence of the collapse of the financial system based on fiat money. Panic is a powerful driver. At first we are in this "collapse" since 2008. Second: What makes you think the majority would head to Bitcoin? I don't know the date; I just know this is not sustainable. If they know how to use email, they will head to Bitcoin. Bad analogy, since Bitcoin is not a mere protocol it includes a semi-mandatory checking system. Might the concept or even the source code play a major role in the aftermath of a fiat-system collapse, possible who knows. But the voluntary creation of a new elite? (us, the people who already own bitcoins, not a few satoshis) Definitely not. |
|
|
|
It seems like the down into rising selling volume is becoming entrenched, with some relatively large sales going through on down slides.
It is indicative of saturation, i.e. the huge rate of inflation of bitcoin, currently ~25%, has finally caught up to what has actually been until now a phenomenal rate of adoption. It seems that the scheduled halving of bitcoin inflation rate in 5,000 blocks can not come a moment too soon, although it too is probably throwing uncertainty over the market.
But in the meantime I can see a powerful selling down, perhaps revisiting the hard floor at cost-of-production (around $4) but may go as low as $2.5 depending on how much pain the new ASIC miners can handle with their cost of capital for shiny new hardware, i.e. will they keep pumping bitcoins at a loss or rather buy at the market?
Anyway, look out below is my advice.
Wanna bet? I have a very hard time imagining even $5 coins. 10 BTC escrowed bet that the price won't reach $4 within the next 6 months? That's easy. (No I won't bet though) If you consider the possibility that all three ASIC mining companies turn out to be scams there is even a straight-forward explanation for such a scenario. In that case even sub-dollar prices might be possible. If they deliver I don't think we will go below ~5 however. |
|
|
|
It's pretty amazing how close they are to their goal though...
Sadly the 64 core version needs 3mil. I already have one of these though: http://www.schmartboard.com/index.asp?page=products_csp&id=532Might not beat the 64core version (it actually has 144 cores but only 33 instructions and 64word ram, only 180nm production) but still it's an existing product. You can get the 64 core demo board for 750$ pledge, 2 boards for a 1500$ pledge. But the 199$ pledge only gets the 4th gen chip if the 3M goal is reached. They're raising money for the 64 core version, but the current existing epiphany 3 chip is available for 99$ on pledge. Btw, they hit their 750K goal. I got one of the Ep3 boards just to play with their SDK. But this doesn't even really get interesting until you start talking 1000s of cores per chip. Maybe in 2014. It's tempting, although the question for me is what will the chips costs when purchased alone, or if they are even available in small on stock quantities. For the chip I have I can order them in 10 packs 200USD each. From the looks of it that option will not be available for these guys. |
|
|
|
There is not such a thing as the "from" addresses, these are not mails.
Dude, every TCP/IP package includes a source address, how do you think communication is facilitated? And under normal circumstances one can "spoof" this source address. |
|
|
|
What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?
Today, less than 0.01%. Within a few years, probably 90%. In my opinion, this will be a consecuence of the collapse of the financial system based on fiat money. Panic is a powerful driver. At first we are in this "collapse" since 2008. Second: What makes you think the majority would head to Bitcoin? |
|
|
|
|
Show Posts
