I'll preempt the next reply by noting that Bitcoin's proof-of-work mechanism isn't meant to give each coin a value, but to furnish a mechanism by which the rate of coin generation is limited. It serves to strengthen/protect the network, but I don't think that much of bitcoin's worth comes from the cost of electricity. That's just a lower-bound.
If you think the cost of electricity gives bitcoin any value you should also have preempted the standard "Is a hole in the ground valuable because you spent 1 day digging it?" reply. |
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Bitcoin has value to anyone who wishes to partake in an economy that uses bitcoin, which is increasing daily, partly for the reasons I outlined above.
The only reason that is somewhat unique over a Bitcoin2 network is that it was first, and that boils down to saying that bitcoin has value because other people think it has value. It's a circle argument and it can't really be used for anything practical, so what's the point? But sure, Bitcoin has a subjective value as long as people thinks it does. Happy now? |
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Bitcoin's combination of valuable properties make bitcoin valuable.
Then it's basically just valuable in the same way that a family photo is valuable. No, it's completely different. Read this. "The subjective theory of value (or theory of subjective value) is an economic theory of value that identifies worth as being based on the wants and needs of the members of a society, as opposed to value being inherent to an object." You guys really need to figure out what you want to discuss. |
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Bitcoin's combination of valuable properties make bitcoin valuable.
Then it's basically just valuable in the same way that a family photo is valuable. |
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Yes I know. But say that Bitcoin2 gets kickstarted by the IMF who uses trillions of dollars to promote it. And what would the value of gold be if it suddenly started raining from the sky? The odds of these things happening are probably fairly similar. |
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A common misconception is that bitcoin has no inherent value, which seems to be the error you are implicitly making. "Inherent value" is not an expression that has a defined meaning. If you mean intrinsic value then no, Bitcoin does not have one. If it did, it would be possible to tell the minimum value that a Bitcoin has in dollars fairly accurately. |
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And what I said then was that Bitcoin (the original one) have no demand and no vendors compared to traditional currencies. Yes I know that there is a list of places where you can use Bitsoins on this site, and I agree that the list is getting impressive. However, just in comparison there are several thousand places in the city where I live where they accept traditional currency but I haven't seen any accepting Bitcoin. Why do you think that less demand is the same as no demand? It is so obviously wrong to claim that Bitcoin has no demand, all you have to do is check mtgox. What difference does bitcoin do? Bitcoin was first with a new technology with several advantages of the the existing ones, and got kickstarted by the unwavering support of a bunch of libertarian hippies. If you try to start Bitcoin2 you won't have any of those advantages. |
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Heat does more damage than voltage. Assuming you don't run your card up to 100c+ temps you should be fine.
Technically you're right. The problem is that what you're measuring is the heat of the silicon block, when it's really the heat in the microscopic wires that matters. If you're over volting they may be red burning hot even if you are able to cool the measured temperature of the chip to 50c. |
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I can say that I thought User #2631 was a DDoS attack earlier today, the sheer number of connections (mostly in TIME_WAIT since they only last < 0.5 seconds) from his setup was baffling.
You're sure it's not a botnet? |
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If US stop giving money to Israel, Israelis can threaten to stop lending money to US citizens.
I'm sure some Israelis lend money to US citizens, but do you have any hard facts to support the implicit claim that it's more important than not losing the swing vote from the Israel lobby? |
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Kudos to deepbit for taxing their ignorance.
You're not too bad yourself. You're selling mining power for about 4% more than it would currently cost to just buy the bitcoins at mtgox, and that's at the current difficulty rate. |
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...and fixed the _32
Not in step 22. You really should start using the search/replace function when you're fixing these kind of mistakes. |
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All you have to do is google it and click the cache link instead of the main link.
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It isn't stealing. If you go to a site with scripting enabled, then you are inviting that site to run scripts.
That sounds a lot like the kind of BS arguments thieves come up with to rationalise their actions. "If you don't make it impossible to steal something then it's ok to do it". |
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What's the case for putting your stream path in local.conf as opposed to the .bashrc file?
It will always be available. If it's in .bashrc you have to set it explicitly if you're for instance running the script from cron or a boot script. Also, it turns out the lib path in the 32 bit package is just lib/x86, not lib/x86_32. |
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32-bit 16. echo export LD_LIBRARY_PATH=/opt/ati-stream-sdk-v2.1-lnx64/lib/x86_32/:$LD_LIBRARY_PATH >> .bashrc
this is correct? so does the 32-bit do,
No, that line should be 32-bit 16. echo export LD_LIBRARY_PATH=/opt/ati-stream-sdk-v2.1-lnx32/lib/x86_32/:$LD_LIBRARY_PATH >> .bashrc |
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32-bit 24. ./configure.py --cl-inc-dir=/opt/ati-stream-sdk-v2.1-lnx32/include/ --cl-lib-dir=/opt/ati-stream-sdk-v2.1-lnx64/lib/x86_32
is wrong too, should be
32-bit 24. ./configure.py --cl-inc-dir=/opt/ati-stream-sdk-v2.1-lnx32/include/ --cl-lib-dir=/opt/ati-stream-sdk-v2.1-lnx32/lib/x86_32
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11. & 13. are the similar. I'm not sure if it's a required step. Although in 13, 32-bit and 64-bit is doing the same thing.
No idea why 13 is there, it's already done in 11, and yes, the 32 bit version is wrong in 13. 16. is really confusing is it right? I'm not sure. And I don't know where everything goes so yea... -.-|||
No, its supposed to be like that, although I prefer this version: sudo sh -c 'echo "/opt/ati-stream-sdk-v2.1-lnx64/lib/x86_64/" >> /etc/ld.so.conf.d/local.conf' sudo ldconfig Also, the 32 and 64 bit versions could be grouped better to avoid having so many "do either this or that" lines, and some of them could be done in one line using wildcard for the 32/64 part. Regarding all the echo lines, it's possible that people aren't in the home dir when they start. In that case it will fail miserably. Use ~/.bashrc instead just in case. |
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You should check your power consumption with a kill-a-watt. Unless you have very cheap power you're probably paying more to mine than you earn.
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