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Actually I think some of the politicians might consider using this tool to attack the traditional banking system, which government have no control at all today.
Lincon was murdered just because he did not take loans from those bankers to support the war.
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Just browsed over this case, could be the best suitable case for a mining rig: Very good ventilation, super cool looking! If there is a built-in water cooling system then this is overkill  |
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Why not decrease gradually but suddenly cut by half? Is there anyone can change this? As I understand, this is not part of the hash calculation and block generation but rather a system design
Actually I still have no idea how those 50 BTCs are generated and send to the one who found the block, is it generated out of thin air when the block is found? Who generated it, what if the finder does not even have a bitcoin address? Must any bitcoin server have a bitcoin address? etc... Hope someone with deeper knowledge can explain it
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On the contrary, deepbit's luck almost reached +40%, I guess sooner or later bigger pool will gather most of the miners
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I think as long as more people join mining, the price will go down, until more people quit mining and only those with many rigs and free electricity can still keep the mining, thus bring the difficulty to a stable level
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In my past experience, components typically shorten their lifetime when OCed or at high temp, without OC or cooled at a <40 degree never failed any of my components, maybe temp is the only killer
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The Two Laws of All Civilization
1) Do all that you have agreed to do.
2) Do not encroach upon another's person or property.
This shall be the whole of the law. 1st is good, but 2nd, how to define the ownership? First come first get? If every piece of land have already been occupied, then there will unavoidably be some criminal or war? |
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But, is there a law that prohibit private produce of currency? Is FED a private owned organization?
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I think I found a match of this two model!
In a deflation economy like bitcoin world, people waste lots of energies to produce the currency (thinking about how much electricity/computation power are wasted in the meaningless hash calculation to generate those coins)
In a inflation economy like the world we are living in, people waste lots of energies to produce the goods and service that no one is interested in(think about those projects never get any return, those business never get any customer, they are purely driven by enthusiasm)
So, something has to be wasted anyway, as long as there is a chanel for exhaust energies, the economy has some motivation to going forward
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The most important factor is free electricity  |
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One porblem this has is that Bitcoin are not a currency. If I were to sell bitcoin in my local market, for example, I would HAVE to add more than 20% to the price of the goods - MwST / VAT (european sales tax) like for any other good. I dont do that / have to do that for sales vdelivered out of europe, so MtGox and some other places are a goodlegal way to sell them without taking this hit (MtGox is a japanese company, the french company taking the money is just acting as agent, all sales are against the japanese entity). This makes it hard to establish a local market legally. It COULD work - needs a check - if one coult argue that Bitcon are not "in the country" but a certificate of ownership transfer. As long as the physical good (not existing) does not enter the EU no import / sales tax applies. The same is with gold here. Buy a gold bar: VAT has to be paid. Buy a certificate for a gold bar in a swiss bank: no VAT  Cleaning up this legal hurdle is significant - also as a progressing means. I Would LOVE to put up some bitcoin exchange business. Heck, I would LOVE to put up a BItCoin symbol on every of the windows of my new bitcoin mining data center This is a very good point! I have bought bigcoin once as a gaming product. I wonder how VAT is calculated for those online digital sales like game and online game subscription? |
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You want to draw a power line from that road lamp
You are searching for a solution which can both isolate noise and increase ventilation
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I'm not living in USA, sometimes I sell goods to international customer and say that they can also pay bitcoin with much more easy steps, but there is no simple way for them to buy bitcoin
I think there should be one exchange for each different currency (with very low transaction fee), this will greatly increase the acceptance of bitcoin as a payment method
Seems we need market maker who have deep bitcoin/local currency reserve to play this role
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Half the rigs I'm running are in the garage...  Gotta love yellow 12/2 Romex... Cheers, Kermee I remember some alien-producing center in Crysis has similar structure  |
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You should run gpu-z to see your VRM temperature. I also tried watercooling and gpu tem was ok, but I saw a very dangerous trend about VRM overheating, with stockcooling fan, the VRMs are at 65c maximum, but with watercooling , they will easily top 85c, even with a ram heatsink attached and a 120mm fan blowing to the card
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If it really gets banned, the ban must be origined from bankers, not police. Bankers have dominate power in sweden.
I just think how is that technically possible, which protocol/port bitcoin transaction is using?
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Since lots of old guys in the existing world will try their best to prevent bitcoin to be used or ignore it, bitcoin maybe first aiming to become a standard payment method in open source community For a piece of good code, donation in bitcoin is much easy and fun to be done than paypal  |
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Actually I think the price is reasonable, if it is higher, there will be more people buying mining equipment to make coins and drive up the difficulty and lower the profitability further.
Currently the return of the investment is just at normal business level. If it is too profitable, then all the money will rush into this business thus make competetion harder and drop the profitability
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value comes from desire, and the desire changes from time to time. Some desire seldom changes and is predictable, like the desire for food and housing etc... 300 years ago no one want petroleum, now... and 300 years later no one want petroleum
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It's backed by 2 things: Mathematics and P2P network
Mathematics has almost become a religion in mordern time, and P2P network shows its resilience in the latest 10 years.
So if anything can break the trust of current cryptography or P2P network (for example a real powerful quantum computer), then the value of bitcoin will be shaked
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