@muasktak10, All the best..  |
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This is also a way to inflate bitcoins.. 1. Shutdown 50% miners; half of usual blocks found; (25 * 3 * 24 * 14) for two weeks; >> 25200 BTC 2. Difficulty down to half of usual 3. Bring those 50% miners back, (25 * 12 * 24 * 14) for another two weeks; >> 100800 BTC 4. Usual for a month (25 * 6 * 24 * 28); >> 100800; excess, 25200 BTC May be someone is already doing this. Right? |
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Miners should be sold with the warning, You can NEVER get all your Bitcoins back.
Hoarding is safe and bitcoin deflation pays you better returns.Sigh.  |
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Received payments was identified.
This thread ends.
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Sorry, I thought I have deleted this post. That was my group buy dividend payout.
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who sent me, 14.9 mBTC, from 1GQM4P2Unc9v38HaR1eVv39fHyyLDG2vFS ? |
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@Phoenix1969, No, I mean I expected that I'll surely get the BTC invested, at least after a year of mining. May be some profit second year. I'm sure 99% of people would have thought the same.
Why anyone put their BTC in, when there's no way to take it out? To protect the network from 51% attack?!
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Miners should be sold with the warning, You can never get all your Bitcoins back. Hoarding is safe and bitcoin deflation pays you better returns.Sigh. |
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1 HP ≈ 746 watts 1 HP ≈ Burning 641 calories an hour 300 calories = 75kg person, cycling at <10 mph, for an hour = (746/641) * 300 watts = 349.14 watts = 349.14 Joules/second = 384 GHash ≈ 2 bitcents @ 3 PHash ≈ $4 @ $200 per BTC So, with an appropriate exercise machine attached to a miner, your 1 hour workout would also give you some Bitcoin rewards.  |
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According to thegenesisblock.com none of the current machines will pay for themselves.... What do you say about that?
May be fiat-in can be paid out as fiat-out. $5k miner + $1k electricity in >> $6k out. I'm sure no one is getting their BTC out; means 100 btc in >> 50 btc. You should consider yourself lucky if exchange rate was doubled. Now, hoarding becomes a better investment than investing in miners.. |
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By taking $$$ out of equation, your calculations are based on, 1 mBTC/kWh ($0.1 per kWh, at $100 per BTC), or 500 uBTC/kWh ($0.1 per kWh, at $200). If some solar / wind (or horse-powered) power companies jump into Bitcoin mining and offer electricity priced in BTC, then Bitcoin mining would look entirely different. These companies can list their kW shares in an exchange for trading, like cex.io GHS. I am so looking forward to see this happen.. my prediction / guesstimate; this is going to happen in 2014-Q4. May be 22nm / 20nm ASICs could slow this down for another quarter, or two. |
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At 0.9 Joules / GHash, 10 PHash server farm requires, 2.5 kWh?! I must be wrong somewhere.  Is it 0.9 joules / second / GHash? In that case, it would be 9000 kWh. |
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Anyone noticed, this thread crossed half a million posts mark?!
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September orders started shipping by September 30. I think November orders will start shipping, by November 30. |
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900+ pages. |
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Done. Hi @TF, my 3rd month payout is on 26th, but you don't have to pay this time as you have paid me twice last month. I am still in 300+ posts / 80 mBTC range, and I would like to continue. Please confirm. |
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I think everything has its time. More people will be involved in it more results will be.
Is it anywhere simplified?
What physical laws are holding us back?
The two main branches of research into realizing a quantum computer are photonics and nuclear magnetic resonance. Both of which have their issues, but there's been some interesting research in converting entangled states of one "medium" into another, if you will. The main issue is the fact that we will never have a truly closed quantum system. Between external potentials and pre-existing external entanglement, you introduce bias towards certain states, which ruins the computation. Scaling up the qubit registers and circuits only amplifies this bias further. Error correcting circuits can help with this, but the circuit complexity then increases accordingly (I believe this is a n*log(n) relation IIRC). Thanks for the explanation. |
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Just wanted to check whether everyone received your miners (100 BTC/Jupiter) so far, able to earn at least 75 BTC/Jupiter? Because next week, November miners due for release which are only 25 BTC/Jupiter. So, what's the moral of the story? |
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Anyone know if this quantum computer generates 51% of Bitcoins hashing power?
NO. |
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