seriously are u a moron?

Addresses are sha256 of a public-key, escdsa is how the public-key is calculated from the private-key, me thinks your are a retarded bot sponsored by this community.

whattomine.com quotes -1$/day return on s-9 antminer, at 0.010 cents/khw, that's a better price than anywhere I know,
U talk what of S-15, the price of s-9's are so low they're almost free,

Pls don't talk bullshit,

ASIC's are just the chips that are used in ALL the miners today, first it was cpus, then gpus and then asics, that's how its done, an s-9 is just a box full of asics, then thing is BITMAIN makes all the asics for all crypto, not just bitocoin, but still address the issue,

If mining is not popular, then how are the transactions to be processed?

don't talk shit about newb this or that  answer, the question

s-9 generates -$1/day, I don't see no s-15 on bitmain.com where I go, maybe its a make believe hardware where you pay now, and get in 5 years, like is typical of bitmain,

so what is the speed of this s-15? the s-9 is 14t/sec

do you have this s-15 or are your just talking shit?

I get email everyday offering me antminer s-9's for $100 here in ASIA, so I know they're being dumped,

BS

R U  a BOT? You just posted a generic response to a serious inquiry.

Mining is DEAD, and its not coming back, difficulty will remain high, because 100K S-9's in CHINA will be re-deployed as $10/ea space heaters. Re-purposed for the pure purpose of mining for 'pristine' keys, not handling transaction

[ Billions of dollars of Pristine 'satoshi' addresses, still wait for some lucky person to crack their key; The best part is all these addresses include public-keys, which makes the DLP problem super trivial/easy to solve when a HUGE number of servers are at task. ]

With no incentive to run full tx-index servers, and no incentive to handle transactions, what is the hope in the future of bitcoin transactions?

ZenCash has a good model, of paying people in Zen to run secure-nodes, and super-secure-nodes, but I don't see any incentive for running transacction servers in the bitcoin world,

Difficulty will not go down, but people will be people, and given that you can't mine properly there is no incentive to process transactions, the only utility is running an S-9 as a space heater and hoping it find a bitcoin every two years, at the current difficulty.

The original idea of Satoshi's bitcoin, was that everybody ran a full-node and processed transactions, and every 10 minutes, somebody found a block, and by consensus +51% that block was accepted, and that user-address got credited and validated in time.

In the future, most of the re-deployed S-9 miners ( and all the clones and earlier versions ) will be redeployed to scan for 'lost pristine' satoshi coins, which are where the REAL MONEY is at, the CHINESE are not stupid, what's the point of running a space heater to maybe find a bitcoin, when you can run the heater as a LOTTO, and maybe get 50 bitcoins.

So what's the plan by BITCOIN-CORE community here to address the issue, we know there is a scaling problem, we know that the current bitcoin server network can't handle traffic, so how in the hell is all this going to work in the near future where MINING IS NO LONGER PROFITABLE, like it is now.

When Enron got in trouble, they banned selling of the stock for its employees, millions of people lost their life savings, as they had convinced familys and friends to buy ENRON stock 2 for 1, ...

Enron had bought up power plants and regional goverment power monopolys on a frenzy all over the usa, but they got busted and stock fell back to earth, and the people who worked for Enron and their family's and friends were first told "DONT SELL, HODL", then they were told they couldn't sell, so they just watched their life saving go all the way to zero.

Enron had issued its own employees a type of stock that couldn't be sold on the market, thus they just watched their life savings evaporate, and there was nothing they could do.

Same now I suspect in the near future the 'exchanges' will tell the HODL'ers that they can't sell for their own good.

More things change, the more they remain the same, since 2014 bitcoin, a nerd liberatarian payment system, became a paradise for criminals, and the criminals were able to convince the suckers to "HODL your losses",

INSANE

First they tell you not to sell, to HODL; Then they tell you that you  can't sell; Then "THEY" disappear on their yachts.

MORONITY is strong in this community,

Transactional trades in all human history have said "Cut your losses"


But in BITCOIN people are told to "HOLD THEIR LOSSES, ... all the way to zero"

INSANE is the btc community.

It's the 'cool factor', the thing with BTC is they have run out of suckers, so now they're bottom-feeding on the lowest classes in the USA, trying to reel new fish into the pond

It's good that SEC is now protecting morons, its sad that it took +5 years to close the door on criminal swindling that revolves around BTC.

Like PT-BARNUM, and George Carlin said, you take the most stupid person you ever met, and you divide his IQ by 2, and that represents the average IQ of the USA population.

If this shit didn't work, people wouldn't spend 100's of billions on advertising.

Bubbles are quite common in human history, whether they be tulips, south-sea, Mississippi, the 1929 stock-market, the 1978 gold mania, thoughout human history there have been bubbles.

A tell-tale of the bubble, is the parabolic rise, 20X in one year like BTC 2017 is a parabolic rise, one thing with all parabolic rises in human-history, they always come down.

The only mania that came back ( even for a short time ) was south-sea bubble, it was a dead-cat bounce, that even wiped out sir isaac newton, so it shows you have its not just idiot that venture back into a collapsed bubble,

But one clear pattern of bubble collapses, is the time to return, now with tulip, south-sea, Mississippi they never really came back, but the stock market post 1929 did come back, but it took 30 years, and the gold collapse post 1978-1982 bubble did come back, but it took 20 years.

On average it take 1-1/2 generations for people to forget they got wiped out ( 90% loss, or even 100% loss ), this is the nature of bubbles post collapse.

Today BITCOIN has collapsed down 90% year-2-date, and still dropping like a rock from a hot-air balloon.

The pump&dumpers say many things, ... it will come back, this bubble is different, BTC is not the stock-market or gold

Well BTC is just another time-series of data that can be statistically measured just like all others, whether it be rail-roads from the 1800's, or air-transportation from the 1960's bubbles are bubbles, and they always come back to earth. The question is do they return? and when do they return.

BTC is NOT valuable in and of itself, its only as good as its 'brand', thus BTC is much like the south-sea bubble, or Mississippi bubble those bubbles were largely inflated by fake-fiat, ,not unlike BTC today.

The other problem with BTC is that its easily duplicated, say now there are 2100 clones, and it appears another 100 added every month, as any idiot can copy&paste source, and add another clone; Anybody can fork BITCOIN and promote it, just like BITCOIN-GOLD which was sold for $500 before it was even forked in Russian futures.

BITCOIN was/is an INTERNATIONAL bubble, which is quite different than any bubble we have seen before, no bubble in the past has been on the INTERNATIONAL scale. The entire world speculated in BITCOIN in 2017, which is why it was able to rise to such a huge capitilization.

The problem now is there are 1,000's of lawsuits pending all over the world, because some +$500 BILLION was lost, some speculate over $800 Billion. Gone evaporated, which means millions of people lost their lost savings, they are angry, they are mad, and they will seek restitution.

A student of south-sea bubble, or Mississippi should know that post bubble many promoters were murdered and sent to jail. These kinds of bubbles never end well for those who promote them, e.g. pump&dump as seen here on bitcointalk.org

In summary, even if BITCOIN does come back, it will take anywhere between 20-30 years, over a generation for people to forget their loss. Certainly bitcoin will bump along, and have some value, but the speculative bubble we witnessed will not return, as never before in history, has a bubble came back in a short time period, and that's for the good-stuff.

A price of something is only as valuable as people will pay, the RISE of BITCOIN was largely the FED-FIAT post 2008, some $4 trillion USD were dumped on the world, and obviously $1T made its way to BTC, most likely the QE is over, which means that there is no source to re-inflate BITCOIN in the near future.

Most are aware that we're in a depression since 2008, and the future is dire for the USD, typically when the economy's of the world go to shit people invest in real assets, BITCOIN at best is a transactional currency, a holding-tank to transfer money A to B. Holding BITCOIN has 50/50 chance of total loss of capital, thus during a world depression people will not be parking their wealth in BITCOIN, but if millions use it day-2-day to move wealth around, the price will stabilize to some value ( IMHO around $1400 USD )

We the coders who started BITCOIN, don't want the banks, and never did, let's be clear here, its the get-rich-quick assholes 'exchanges', ... that are desperate for anybody to come forward and fund the BITCOIN Ponzi.

In time the assholes will clear themselves out, but only after the buzzards have cleaned bitcoin to the bone.

There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool

When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby,

Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards.

So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way?

Has anything in history ever gone to the moon?

[ There is actually a name for the hysteria that BITCOIN saw in 2017, its called a parabolic rise, and they all end the same, in collapse. ]

Has it ever been easy for morons to get rich?

Has anyone ever seen a 'rich moron'? A rich Idiot? A rich fool? They simply don't exist in the real-world.

In the entire history of investing have you ever heard a trading-genius to say "HODL"? What they say is buy-low, sell-high, and cut your losses, and let your profits run.

BTC has defied 5,000 years of human investing is the outcome any surprise? That a bunch of newb kids have lost their ass, thinking that this generation was 'different'?

I really think most commenters and posters here are bot's, if you look at the low content, and especially if you post links the there is no context, one classic tell-tale of a bot is they never read the links, just respond based on text in the comment.

The exchanges need fresh blood new suckers to pump&dump Bitcoin, sadly BTC has had its day in the sun, you don't lose $250 Billion USD in capitalization and shug that kind of stuff off, the simple fact, is who the hell is going to step in and BUY this virtual crap?

It's a fitting end, BITCOIN is what it is, and it will stick around, it will find a mean reversion base value that will settle in, eventually the get-rich-quick crowd will move-on and pimp something else to a new generation of suckers.


I like the fact that the speculators get washed out, then BTC can revert to what it was originally intended just a way for people to transmit money,

What in the hell are you talking about?

Ten years ago BITCOIN-ASIC chips didn't exist, BTC was mined on PC's, on the motherboard, on the CPU

Today 99% of all BTC mining is done on ASIC, and CHINA owns 100% of the foundary's that make the ASIC chip's for CRYPTO, all crypto including Bitcoin.

That is the point of the article.

CHINA owns BITCOIN, by virtue of the fact, they own the miners that mine them, and they mine first 10:1 ratio over the west, or any other customer,

BITMAIN is king of all Crypto on earth.

51% my ass, one of the biggest lie's in the bitcoin community is how everybody ignores the 500LB gorilla that controls +90% of all mining ( server transaction )

Please pray-tell you read the article ... https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b
Before you commented?

If you sold your bitcoin at $20k and took your profits like experts do, then think of all the bitcoins you could buy once it drops back down to the $1k USD mean-reversion-band.

Pre sucker rally Jan 2017 was time to BUY Nov 2017 was time to SELL.

20X GAIN, or a 95% loss, ... you decide which is better

BUY-LOW, SELL-HIGH

Cut your losses, Let your profits Run

Instead BITCOIN WISDOM sez ...

BUY HIGH and HODL, and watch all your wealth disappear, who would have thought?

...

Let's see if I follow the logic, "I Feel bad that you lost all your money?", "well then just stick around and lose more, because misery loves company", ... Welcome to the BITCOIN Community Sucker

BITCOIN is absolute proof of PT-BARNUMS golden-rule, that "A fool and his money, will soon be departed", or "There's a BITCOIN fool born every minute"

Never underestimate the stupidity of men, when they think they can get rich quick.

1.)
Study ECDSA, and study Secp256k1 ( NSA curve factor that was created and used for bitcoin keys & sigs ), all the 'curves' of ESCDA have unique properties, unless one deeply study's Secp256k1, you don't really understand,  you can experiment with SAGE & MSIEVE and learn a lot about curves and how they work,

2.) I think I already said that the ML, SVM, FFT can be used to feed DLP algo's base points for finding keys. Study baby-step/giant-step, google 'dlp algo's' there are a ton on wikipedia

Another thing that can be done post 2013, as public-keys were no longer available, is there is a lot of non-noise high quality data in the digital-signatures posted in the block chain. There are endless ways to hack bitcoin

Brainflayer can be re-deployed to find private-keys based on public-keys, and no-noise data, rather than simply hashing strings and using that as a priv-key compare

Vanity-Gen can be re-deployed with bloom-filters and used to search for all used addresses for all clones&bitcoin at once,using optimized private-key blocks using DLP algo's

There are now 2100 BITCOIN clones, all essentially using the same source to handle the block-chain, how they differ is marketing, POW, and digital-signatures, and address schemes; BLOCK-CHAIN is just a database, its really tiring how non-CS people talk as if block-chain was something new, Satoshi wasn't even a good programmer, he was a math guy, he even admitted all that he added to the problem of digital-currency was resolving the double-spending problem.

A world with BITCOIN, is like a world with one less fly, or one less maggot, or a world without the USD reserve currency, nobody will really care, or miss anything of these,

Everytime I see the word 'block-chain' tossed around, I think BOT.

Russia has the BEST math & physics people in the world, I think PUTIN brought mr-ETH in to see if he would play along, you can be sure when Russia is ready to release a bomb-proof 'BITCOIN CLONE', it will be the best, but like all things Russia waits for the USA/NSA to fall on its face.

CHINA too will issue their own 'ultimate bitcoin', but I think the Russian will be much better, USA like all things, will continue to talk about "BITCOIN" and while everybody else moves along with their lives.

The problem with BITCOIN is its backed by LIES, its not safe, its not secure, its not private; It's not Libertarian, not a single one of the urban myths of 'bitcoin' is true, all that is true is that religious dogma, and high-priests, and proles of bitcoin don't care about the truth.

POS is just another way to screw people, where they have to PAY to play.

Pure BTC was by mining, and that game is now over. BUY BTC with cash is a losers game ( kelley-criterion F=2*P-1; On a 50/50 rigged game you always bet zero, e.g. YOU DON'T PLAY), and it always was, getting BTC for free by mining, was good while it lasted.

Now that MINING is no longer profitable, you can be sure the vampires that run bitcoin will promote POS because they need a new source of blood.

With the collapse of BTC pricing, mining is no longer profitable, and sheep are NOT going to come back with the credit-card purchase being closed, thus POS is the only way to get fools to turn their money over to the exchanges and owners/controllers/whales of the shit-coins.

BTC is what it is, a way for people to move money around, but the exchanges turned BTC into just another Western-Union.

LITTLE MORONS with their credit-cards drove up the price, and whales sold out and made off with their loot, now the little morons are told to HODL all the way to zero, to believe in fairy's and goblins, and good times coming back,

The fact is unless a new generation of morons can be convinced to get into debt  to BUY BTC, it ain't coming back,

Why in the HELL would a rich person bother with BTC? They know the score.

It was fairly predictable when assholes like Winkelvoss bought in and hyped BTC, just like they had screwed FB, just like they had learned at Harvard, ... and the masses funded their ROI.

BTC had its one time parabolic rise to the moon, study all the great manias like tulip, or south-sea, this shit is like lightening striking twice, ... its all a fairy tale.

BITCOIN was meant to be mined, not bought,

If you BUY something as a speculative 'investment', then you must set an emotional stop-loss and get out at the point, if you HOLD until zero, then you enter what is called the 'gamblers ruin'

BUY-LOW/SELL-HIGH, has always been the trading advice for all time.

People who made money, are those that entered at $400, and got out near $20k,  there is a point where GREED keeps people 'holding', and then there is this BULLSHIT about your supposed to hold all the way down to zero,

YOUR SUPPOSED to take YOUR PROFITS, and CUT YOUR LOSSES ( CUT MEANS TO SELL )

Then there is the bullshit that BITCOIN is 'different',

This was a parabolic rise, they all end this way, and they rarely ever come back, except sometimes a dead-cat bounce, but BITCOIN has already had its dead-cat bounces this year, now its continually trending lower every day,month, ... the price will revert to a mean, IMHO $1400, perhaps lower; BITCOIN will find a stable region, and then people can move back in and make money on the volatility.

The problem with BITCOIN is its a religion, and people become fixated as it is their only true GOD, and ignore everything else in the investment universe.

BITCOIN is now out of favor, it is now impossible to MINE it for a profit, no mining means no servers for transaction, soon 100's of thousands of S-9 antminers will be dumped by China for $10 or less, soon the difficulty will sky-rocket, people will think nothing of getting a bitcoin every ten years ( now 2 years ) to heat their flat in China.

BITCOIN is NSA, Putin has said many times that "GOOGLE is NSA"

Russian Federation is not fond of NSA or CIA

Why would Russian Federation kowtow to BITCOIN (BIS-NSA-CIA) ??

I think the Russian Admin is saying, "This technology is the future, but it will not be CIA-NSA Satoshi-Coin", Let's also remember that largely the collapse of the Ruble is because of USA-CIA-NSA/Anti-Russian propaganda ( sanctions, and continual proxy cold-wars, syria, libya, ... afghan ).

Bitcoin has the blessing of Russians, because many exchanges in Russia have been able to fleece dumb people in the west, "Bitcoin-Gold" comes to mind, where they ( Russian Exchanges ) were selling the shit-coin for +$500 USD before it was even forked. ( As a future ), what is it today? Like $10 or something?? I think the Russians, Bulgarians, Poles, Ukranians, and Czech's have made a ton of money off the stupid people in the west on these cowboy anything goes exchanges.

Everybody knows that the US Dollar Reserve status will  soon end, China&Russia are accumulating gold as quick as they can, out of the RESET there will be new crypto-currency's that arise, IMHO by the time this happens "Bitcoin" will be highly discredited, the NSA algo's (sha256/secp256k1) that back Bitcoin now are much more than 10+ years old, and no NSA algo has ever not had a back-door or eventually been cracked.

The refusal of CORE or any BITCOIN ORG to deal with the impending insecurity of BITCOIN will eventually lead to an overnight discredition, I suspect that both CHINA&RUSSIA have a bomb-proof replacement that is NOT NSA waiting in the wings.

I think this is why you always hard copy print your private-keys, and put them in a safe place, like a fire-proof vault.

Disks go down, backups fail, online storage can be hacked, computer get stolen, exchanges steal or go bankrupt taking your keys, hard-disk write caches clobber files,  ... the only safe place for magic-numbers is a hard-printout that will not fade over time.

If you didn't print it and store it in a safe place, then you never had it.