just as an aside, jostmey:


(from lower right of http://www.searchbitcoin.com/vendors/ )

'weary' should be 'wary'.

although i suppose you could make a case for being weary of scams as well...

very cool!  wish i was close to croatia.  been years since i hung-glid.

are you actually qualified to make that statement?

ok.

that was different...

the bulls have solid steel balls.

...and the bears are out of magnets.

personally - just as an exercise - i think the way to go is:

find an island nation (somewhere in micronesia, for example) that knows its days are numbered by sea level rise due to global warming - and they're very aware of that.  a nation like that already has recognized sovereignty.  get them to sell you one of their shortly-to-be underwater islands, with the proviso that you are both granted independence and guaranteed they will recognize you as a sovereign nation at the UN.  they need money to relocate their population.  they'll do it, for enough:  high tens of millions i'd imagine.

then just start building out your little island - and building it higher.  if you've got something that's stable on the ocean floor, that's really all you need.

ummm... yeah.

except they're hosting account has been suspended.  a minor detail, i'm certain.

http://www.groupcoin.com

maybe it's just me?

i suppose.

that 100% protectionist hit always struck me as being entirely outside the box though.  not that i didn't love spain beyond my ability to express - a wonderful place...

is it fair to count the impuesto?

murdoch is why i don't even own a TV anymore, and haven't for over ten years.

he has probably done more damage to civilization than any other single entity in all of recorded history.

^^FTW!

shoot.  my first hard drive nearly cost that: a 40 MB seagate at $10/MB...

ditto - that /. thread.

then i forgot about it, after mining - i think - two blocks.  can't find 'em, dammit - i go through operating systems like crap through a goose...

but when the google guy released his android app in march, it clicked for me and i've been a miner 49er ever since.

then write the software and put it out there.  see how you do.  and stop whining about it.

i'm no early adopter, but i like the current setup just fine.  if vladimir is the first Bitcoin billionaire (i kinda miss that sig, but i get it...) then i'll have plenty to keep me happy.  and nothing but appreciation for those with greater will, vision and courage than i have.

it's not FAAIIIRRRR!!!!

who decides?

who profits?

who loses?

mmmph.  you are a smaller pool... 

but seriously, the previous post has some truth:


although in fairness i think that whole +50% thing is way overblown.  i can't really imagine anyone motivated by money trying to double-spend, rather than using all that hashing power to just mine.  someone motivated by something other than money may give it a shot, i suppose - but the blockchain is likely to shrug it off.

we have the most powerful network on the planet at this point.  and we don't look likely to lose that.

interesting data slice...

mine is also >1.  most of my other investments are solidly illiquid.

http://forum.bitcoin.org/index.php?topic=13344.0

but you're wrong about this:


[emphasis mine]

actually, the paid trolls are mostly centered on the global warming 'debate'.

with the big oils showing a billion dollars a day in profit, they have no problem spending $250k/day to support blogging pits that aggregate out to 3-4,000 bloggers with 3-ring-binder scripts and personna management software.

the financial institutions are just getting started, methinks.  there's only a comparatively few here (with sock-puppets).  and they're easy to spot on reddit, and the comment sections of whatever news outlet has a story on Bitcoin.

but if you don't follow global warming, you have no idea where it's going...

yeah - that A/C is a bitch.  i'm right in the middle of the current midwest heat-bubble - so i'm kinda lucky:  nothing over 100 F like on the edges of the bubble.  looking at two-three weeks of 90+ though...

i forgot to mention that one of my hardware efficiency goals is to get a 4" duct fan, build a rack-shroud (hmmm... a brassiere?) out of foam, and try to exhaust most of my waste heat out of a window.  we'll see how that goes...

the three stages of mining:

1.)  git 'er dun:  put every dime you've got into hardware.  source locally so you can get it quick - the only goal is to put out the Mh/sec as soon as possible.  get everything stable and cool so you can stop screwing with it every ten minutes.  pay off the hardware.

2.)  software efficiency:  start squeezing every Mh/s you can, out of what you've got.  optimize drivers, try out all the available mining software, check out different pools, etc.

now me, i just ended stage two, and i'm starting in on...

3.)  hardware efficiency:  focused mainly on electrical power usage.  hopefully, during stage one you were thinking ahead, and bought hardware that would still be usable in this stage.  for example, cases with 8 or 9 slots, instead of the standard seven...

in stage one i was putting up miners with two PCIe slots on the motherboard - because it was fast and cheap.  now i'm looking at four and five PCIe slot motherboards, so i can consolidate my GPUs and PSUs - and i don't have to pay the power-penalty of running a whole computer for every two GPUs.  i'll be getting rid of those cheap hard drives, in favor of running the OS off of thumbdrives.

i should be able to pay off my only cash output - upgrading the motherboards and some PCIe extenders - by using all my leftover parts to build a couple of computers that i can sell to people i know who need them.

right now, with my hardware paid off, i need a BTC exchange rate of about $4.00 to break even.  i figure i can get that down to somewhere around $2.50-3.00 without too much trouble.  if that happens, maybe i'll need to think about turning off most of my miners - although i'll always keep one on; running solo with the client (who knows?  i could get lucky...) just to support the network.