Satoshi is obviously Chuck Norris.
when chuck norris mines for Bitcoin, he roundhouse kicks the whole internet and the coins hop into his pocket. |
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Yeah but is the performance per watt ratio good?
800 SP. should get about 180 Mh/s or so - for 50 W. the closest hash rate you can get to that in a desktop PCIe slot is a 5770, for 120 W the closest wattage in a PCIe slot is a 5670, for 75 Mh/s or so. theoretically, it looks pretty efficient to me... |
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How would you get these laptop gpus onto a normal mobo?
you'd have to breadboard something together - i think they'd work in a PCI slot. not terribly difficult. 50 W consumption... my OC'd 5770s use over twice that. |
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very interesting.
it only has 800 stream processors, so it'll hash more like a 5770 in a desktop PCIe slot - but still...
easy to cool, scalable, and cheap.
very interesting indeed. and bookmarked. thank you.
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Well, I was curious about this question myself, so I've been working on programs to see how the early mined coins have been used. Based on my work here, http://forum.bitcoin.org/index.php?topic=11171.0 , there are an awful lot of early coins, approx 2.5 million BTC, that haven't been touched since they were first mined. Now, even though they're not in circulation, it's impossible to know whether many of those are actually lost or not, but I honestly think a lot of people would have cashed out by now. yes, i agree. i forget how long ago it was - but i first saw Bitcoin something like a year ago or a little more. i think i generated a block, or maybe two. i honestly can't recall. unfortunately, i change operating systems like most people (i hope...) change underwear. i'd be very surprised if there weren't at least a million BTC gone forever - or at least until quantum computing can recover lost coins (on another thread). |
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slush's pool has about 18% of the current network - and (although he's recently removed the 'connected miner' number) probably about 4-5,000 mining accounts. many are multiple accounts - so call it 2,500 individuals.
extrapolating, that would be about 12,000 miners for the entire network.
now... how many use the system, but don't mine? a tougher number to estimate.
my suspicion is not as many, but growing much faster than the mining segment.
so... my pure, wild-ass guess - without anything particularly factual behind it - is something on the order of 25,000.
by the end of summer, i'd expect that to triple. or more. i think that right now is the make or break moment for Bitcoin.
20 USD/BTC by the end of july is a lock.
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why would i care? or make any effort to even speculate?
it's the first great idea of the new century. and if he wants to be left alone, i have no issue with that - he's earned it.
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Would it be possible create a constellation of satellites hosting webservers with some sort of wireless connection to the rest of the Internet, assembled and launched in international waters, so that you could host anything and be immune to any law enforcement entity (short of military action against the satellites)?
yes. but it would be very expensive. i seem to recall, in fact, that there has recently been an in-orbit commsat offered for sale. but they're delicate. and lasers are powerful, these days. it would be much cheaper of course to buy a slice of a satellite - that comes up for sale quite often. but centralized, government control... all in all, p2p is better - or the darknet. |
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ok, I was waaaaaay wrong with my last call, but I'm going for it again: The top is immanent. An ending diagonal pattern has completed or is near completion. This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010. This entire move should be retraced with the most probable bottom coming in around 1 btc = $1. I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc. Once the rally renews from there, I can retire...wish me luck  ok. good luck. |
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To be fair the EFF is a non-profit organization (made up of lawyers, no less) that has to follow strict legal and tax standards. Can you even imagine the tax paperwork for bitcoin? Even if they bought office supplies or something with the bitcoins instead of selling them on Mtgox, it still wouldn't be pretty.
That's what I was thinking as well. Charitable donation tax code varies from state to state. They might, in one state, have to record donation sources over a certain amount (maybe not by name, but at least demonstrate if it was personal, corporate, or political). But how do you tell where a donation is coming from with Bitcoin? They would first have to set up a storefront, and give each donor a unique address and have them provide at least some info for the books. That, and there are some recent shady donation laws that were made in the name of anti-terrorism, but could possibly affect them. Google the phrase "geographic targeting orders" for example. Taking one donation that was later proven to be from a terrorist support organization could put their whole operation in jeopardy. It's a fight that would be worthwhile, but the EFF would probably rather pick their battles. All true, Horkabork. and yet... who shaves the barber? see: https://www.eff.org/aboutFrom the Internet to the iPod, technologies are transforming our society and empowering us as speakers, citizens, creators, and consumers. When our freedoms in the networked world come under attack, the Electronic Frontier Foundation (EFF) is the first line of defense. if they won't defend themselves first, what confidence should we place in their ability to defend us? |
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mmmm. i'll wait. although i've sent USD donations in the past. but i will not support cowardice. there's so much bravery to choose from... EDIT: but i will make the effort. just sent to eff: Thank you for contacting the Electronic Frontier Foundation (EFF). At this time, we have determined that legal tender is the best way to help EFF support online civil liberties. When we have completed our review of the options and legalities pertinent to bitcoin, we may make a statement. I'm not certain and I can't promise anything.
Thank you for your desire to support us!
Rebecca S. Reagan
Intake Coordinator
(415) 436-9333, Ext. 135
Become a Member! https://www.eff.org/supporti mean really, people. if you should happen to resume practicing what you preach, i will be happy to send a donation your way. in Bitcoin only, and to a Bitcoin address displayed on a publicly accessible page of your website. thank you. Jaime |
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y'know, try as i might, i'm unable to find anywhere on the forum where i can put in an order for a chinese student...  |
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wasn't that a song by Regina Spektor?
quite beautiful, actually...
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mmmph.
Pleeeeease... just for the sake of argument? Just so we all have a common ground from which to build our argument that bitcoin will not be useful to the bad guys? i'm sorry - i wasn't really intending to be flippant. but the facts are that Bitcoin will be very useful to everybody. bad guys (however you care to define them) included. the point is that it's just a currency. it has no moral or ethical attributes. and no impact at all on what people choose to do with their lives - for good or ill. |
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yes. for awhile, anyway.
reasons 4 & 5 combined.
i'd probably cut back to my best miner - to support the network. it just isn't that much money /month not to protect my investment, at least for a few months.
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if you would care to clearly and unambiguously define:
1.) the differences between criminal behavior, immoral behavior and illegal behavior, and
2.) the point at which a terrorist campaign (see: U.S.A. ca. 1770-1779, or Israel ca. 1947-50) becomes a heroic effort by the good guys
...i would be happy to reply.
Just for the sake of argument, let's use "The Law" as our yardstick. The point of this is to counteract arguments that attack the validity of bitcoin in an honest law-abiding world. Therefore, we must show why any entity that uses bitcoin specifically to circumvent the law, runs a risk not presented by traditional currency or assets. mmmph. ...an honest law-abiding world. there is no such thing as both honest and law-abiding. laws are designed such that people cannot avoid breaking them - and most especially when endeavoring to maintain rigorously honest relationships with other individuals - thusly ensuring the 'right' of the state to do whatever it would like with its citizens. so yes then - Bitcoin is just for criminals and terrorists. |
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This entity would be able to recover all lost bitcoins!
oh my. now that is interesting. |
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Wait... 100 users, and it's existed since 2004?
in a way, SgtSpike, this is encouraging. after all these years of the internet scams that have educated us all, maybe that's what's left of the low-hanging fruit: 100 people. |
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if you would care to clearly and unambiguously define:
1.) the differences between criminal behavior, immoral behavior and illegal behavior, and
2.) the point at which a terrorist campaign (see: U.S.A. ca. 1770-1779, or Israel ca. 1947-50) becomes a heroic effort by the good guys
...i would be happy to reply.
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i can't say i really much like the idea of installing my entire social network into my bank account. or installing myself into everybody else's.
i like money that is just money, by itself.
but i'll note that if you're in the marketing field, this is probably a dream come true...
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