That or if they control the blocks generated they can ignore a blocks result and let those transactions fail then do a double transaction of that same block with the outcome they prefer
Such as when gambling a large amount and losing the first time then sacrificing that block and processing the block that has a winning result
That would work for a pool containing 100% of the network (any less than that and they'd be losing money quickly). Though the pool could be set up such that every miner can just relay valid blocks. I recall it was done before by a pool as Franky pointed out The reason their are concerns about this issue right now is that Gigahash did a double spend on a dice game which is what I was referring to https://bitcointalk.org/index.php?topic=327767.0;allSimply put it can be done with less than 100% of the network at least that's how I read that topic. __ 5. And the last thing to spot: GHash.io, being about 25% of network back then, didn't find a single block to its address between 25th and 27th of september! |
|
|
|
|
Not this week the market is still digesting the sale of bitcoins from the FBI
That and the 50% attack by Gigahash more or less
After that passes then the price will probably go up again.
|
|
|
|
Die hard enough to keep my Bitcoins when the hashrate is around 51% or nearer for Gigahash.io That said also concerned enough to be watching this carefully as a centralized mint in bitcoin with decreasing node usage are not healthy signs of a distributed open network. The OP is becoming a sage  |
|
|
|
With the recent 51 % news, ASICMiner is the only company right now that can save bitcoin.
The markets are going to need to find a way to fix this issue and I agree if Asicminer hashrate was online and not using Ghash it would be good for the security of the network. Going to throw in some speculation, think their will be a branching out or fork of the protocol if the 50% concern stays around long enough. |
|
|
|
The problem would occur if it was a State Owned Company such as China perhaps wanted these assets combined with other mines or mining companies.
In regards to private sales or companies that are not State Backed then it should be fine.
If not you can assign someone who lives in Canada as representative. There are a large number of ghost companies, which are actually controlled by the Chinese government. Not many knows that who is the real owner. They can purchase the company using these firms. Also, we have to remember that China is a net importer of gold. Difficult to imagine that they would miss a great opportunity such as this one. Haha, and by now the Chinese Gov't might have a large stash of BTC from repeated "insider" FUD'ing. I am so glad the China FUD no longer dominates daily Bitcoin discussions. True now we have discussions about the 51% attack and the FBI selling its Bitcoin stash or some of it XD Anyways fair point bryant if the Chinese are buying bitcoin in the shadows then they can easily purchase this mine as well That or confiscate some from someone ^_^ |
|
|
|
|
Well if a dev is willing to sell his Bitcoins on this then that means something
It means that a proof of work and consensus system with a majority network does centralize if the incentive is to generate blocks
In order to counteract that a proof of work would need to be created that promotes decentralized networks
Satoshi could come in and fix this if he comes back otherwise we will have a Dev battle which could fork the system in the worst case.
|
|
|
|
simply changing the mining code of the pool to no longer ignore duplicate transactions
That or if they control the blocks generated they can ignore a blocks result and let those transactions fail then do a double transaction of that same block with the outcome they prefer Such as when gambling a large amount and losing the first time then sacrificing that block and processing the block that has a winning result |
|
|
|
I missed a day Helped with a Lemonade Stand two days ago Yesterdays was nothing interesting walking and saw a car show Weird thing is I didn't know it was there so a surprise Today watching the World Cup and watching that upset and going wow did not see Spain getting owned by the Netherlands that intensely |
|
|
|
This game ended 3 to 1 Chile Surviving this Battle but it's not like the score suggests this was by far not a upset It was a close battle between Australia and Chile and if they had bit more luck either way this outcome could have changed but that's how the game goes This was a very good match between two worthy teams and kept me engaged |
|
|
|
|
Magnificent Chile already scored two goals on Australia and within minutes of each other
The timer isn't even past 15 minutes yet that's amazing plus they were beautiful goals
Well this will keep heating up still a lot of time left in this game
|
|
|
|
I would say since it is not an issue of National Security or not in the best interests of Canadians the requirements are met to support someone purchasing this mine. http://fullcomment.nationalpost.com/2013/10/01/john-ivison-foreign-investment-in-the-oil-sands-have-dropped-off-a-cliff-since-nexen-takeover/Or http://www.policyschool.ucalgary.ca/?q=content/chinas-state-owned-enterprises-and-canadas-fdi-policyThe problem would occur if it was a State Owned Company such as China perhaps wanted these assets combined with other mines or mining companies. In regards to private sales or companies that are not State Backed then it should be fine. If not you can assign someone who lives in Canada as representative. Limiting foreign ownership of the market is a policy but this probally would not be significant enough to raise any flags The above only applies on sales over 330 million that trigger an investigation for Foreign SOE and 1 billion for private markets and a lot of small scale oil deals go through just fine without issue. At least in my opinion this sale is far into the legal clear. This mine is only a measly 2 million XD 2,000,000.00 Also consistent with the above, the Government intends to liberalize the review threshold under the Investment Canada Act to $1 billion in enterprise value over four years only for private sector investors. The review threshold for foreign SOEs will remain at $330 million in asset value. This will mean that the Government will retain its current authorities to assess the net benefit of foreign SOE transactions in the future. http://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/lk81147.html |
|
|
|
For large, conservative investors, this is the first chance to buy bitcoins directly from the U.S. Government. There is an implicit guarantee that the coins to be sold are legal and without any sort of taint, at least in the eyes of the Feds. Also, to many such investors, the U.S. Gvt is the most trusted trading partner possible. They are the most reliable organization to trust wiring millions of dollars to.
The auction is a giant stamp of approval, if not for bitcoin as a whole, than at least for the particular set of coins at auction.
There are obviously reasons why the coins may sell at a discount as well, and I tend to think that is more likely. My guess is there is about a 20% chance the coins will sell over spot. After all, the supply of government-approved bitcoins is very very tiny.
It is a tricky one to value the coins could well sell at a premium relative to the Bitcoin price at announcement In other words if the market drops 10 to 15% on this news the premium would be if the Bitcoins were bought at the market price before this release That or they offer market rates, as for your point on the taint it's a good point that in the opinion of the government these coins sold through legal auction are seized property and now they are being resold legally so there is no issue about them being illegal. So these coins could easily get a premium if a company is interested in them. |
|
|
|
- GHash reached over 51% and even more miners joining them, they are not cutting their hashrate as they promised, it doesn't matter even if they do cut the hashrate to 49% or whatsoever, they still have the possibility to reach / break 51% hashrate any time, same threat to bitcoin protocol, bitcoin now becomes GHash Coin
So it did reach over 51% of the Network Hash Rate after all I was wondering if you have a screenshot of that I see 49% now yours is 50 so someone must have caught the 51% moment Before you all start trolling on the newbie 49% atm so its plausible it hit 51 he has a plausible point https://blockchain.info/pools?timespan=24hrs |
|
|
|
 Was also my reaction this is neat if I remember right and comes in second place for the Bitcoin news of the day ha-ha Expedia won lol. That said I am glad that Yahoo Finance is taking Bitcoin seriously enough to add its own ticker for it. This comment summed it up “This is literally the best news I’ve had all day, and the day is still young!” said one commenter. “Another nice stamp of approval,” said another. Amazing to think its going by day now this might have been the news of the week a while back and a month before that. And yet the price is going down a little bit : 607$ on Bitstamp atm It looks like a really good time to buy bitcoins Well you know the news things change In this case the old Silk Road coins coming back to life helped with this price drop So it is worth analyzing how long the market keeps dampened on this news To predict the next rise of course |
|
|
|
This is HUGE news, so why is the price going down?
To update this I guess the market or some actors in it knew in advance that a large sum of Bitcoins from the FBI were going to the market for sale As these rich actors decide to prepare for the auction by converting them to fiat the price drops a bit in reaction. Try to keep the price down while buying up those coins then reigniting the next surge seems like something a whale would do. Or more conversions to fiat causing temporary downward pressure but long run upward recognition and usage increasing the value of bitcoin. Short term pains for long term gains |
|
|
|
2013 revenues: $4.7 billion; Market cap: $9.7 billion; 2013 gross bookings: $39 billion. This is a big company. I think the floodgates are starting to open, gentlemen.
Wow! Even if 1% of the booking is done using BTC, that corresponds to $390 million. More than $1 million per day! But I am a bit skeptical as well. Overstock guys are saying that their daily Bitcoin volumes are just around $8,000. Well to scale I would say it would average around 80,000 a day That said this is just a speculation on how much volume they will get it will probably remain higher for a while before leveling off That said 8000 a day is 2 million nine hundred twenty thousand dollars a year 2,920,000 That's a pretty good sum of revenue for an additional option |
|
|
|
Updated some dead links.
Thanks for reviving it lost this list for a while Still installed most of what I need for my phone but its always nice to know what else is available and this list is a convenient way to look for something |
|
|
|
I think the US Gov sell-off is a storm in a teacup. I'd be surprised if there aren't already bids at or above market for the lot. So imho no effect on AM.
Well considering they need to wire transfer 200,000 to the exchange before the auction And that the bidding has a fixed period their probably are no bids yet lol Until bidding starts that is As for the hashrate well Friedcat is selling chips so their is always demand for those Even DIY miners because of the open source project |
|
|
|
Hah! They realize they need to diversify their gold for bitcoin Hah! Sorry I started laughing spontaneously for a minute thanks I needed that This is cool though I can now get a Gold Mine for Bitcoin and that is awesome! |
|
|
|
|
Show Posts
