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Don't you guys think they should come up with a currency more secure than bitcoin? As of right now encryption is only at AES256 and your IP address is logged in your wallet(throughout the network I'm sure you can use Tor).
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Can we link together Rigboxes?
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i currently have no gpu in my current work pc, which miner should i use?
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I've seen pictures of old versions of the bitcoin wallet and it appears to have a "generate coins" option, why is this option no longer around?
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It's not just 15%, check with an accountant or tax lawyer to know.
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Which miner do people usually use?
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  Directly from BFL. |
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Internet --> Modem --> Sonicwall TZ215 --> OpenBSD firewall appliance --> OpenBSD Server with TOR Hidden Service
Notes
-OpenBSD is considered to be the most secure OS out there
-OBSD comes with military grade encryption
Now my only problem is whether I can successfully run vBulletin with OpenBSD as a server.
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Is there one around yet? I wouldn't mind starting up a new business around this idea.
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There's this nerdlinger on these boards that keep insisting that my rate of 5.5 cents per kWh is imaginary, so can you people please post up how much your costs are per kWh?
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I mean if it's anonymous how can the government know how much we truly make?
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Single
Cost of 1 unit = $599 @ 832 megahash/s @ 80 w/h
Cost of electricity per 1 unit per year = 700,800 watts or 700.8 kilowatts x 0.055 cents(price of electricity) = $38.544
Cost of operating 120 units or 100 gh/s x 38.544 = $4,632.69
Production Goal = 100,000 mh/s or 100 gh/s
Profits per 1 year based on 120 units or 100 gh/s = $127,239.312500
Cost of machine per megahash = $599/832 mh/s = 0.71 cents per mh/s
In conclusion. Lower cost of 1 unit(and total units) and lower electrical usage per 1 unit(and overall) per year. Higher cost of operating 120 units at $4,632.69.
RigBox
Cost of 1 unit = $29,890 @ 50,400 megahash/s @ 2500 w/h
Cost of electricity per 1 unit per year = 21,900,000 watts or 21,900 kilowatts(or 21.9 megawatts) x 0.055 cents(price of electricity) = $1,204.5
Cost of operating 2 units or 100.8 gh/s x 1,204.5 = $2,409
Production Goal = 100,000 mh/s or 100 gh/s
Profits per 1 year based on 2 units or 100 gh/s = $127,239.312500
Cost of machine per megahash = $29,890/50,400 mh/s = 0.59 cents per mh/s
In conclusion. Higher cost of 1 unit and higher electrical usage per 1 unit per year. Lower cost of operating 2 units at $2,409.
WHAT DO YOU GUYS THINK ABOUT ALL OF THIS?
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I just realized that if someone knew your wallet code, they can figure out what you're doing with your account to some degree, considering that all transactions are public and can be traced throughout the block chain. Therefore my question is should we have multiple wallets?
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How can we as a group of users support bitcoin in the long run, other than mining and using bitcoins as currency?
Has anyone here considered running an online business centered around bitcoins? The currently available ones are not that great in terms of quality. Most are also based on the bidding system and not on buy now ideology.
What do you guys think?
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1st 4 years = 50 coins
2nd = 25
3rd = 12.5
4= 6.25
5= 3.12.5
6= 1.55
7= 0.775
8= 0.3875
9= 0.19375
10= 0.096875
11=0.0484375
12=0.0484375
13=0.012109375
14=0.012109375
15=0.0060546875
16=0.00302734375
17=0.001513671875
18=0.0007568359375
19=0.0007568359375
20=0.000189208984375
SO BASICALLY AFTER 24 YEARS, we won't even be mining 1 bitcoin per block, does anybody else find this ridiculous. I mean if 1 bitcoin still amounted to $4.7 by then and then it takes X amount of time to mine a block using X amount of energy, will it still be profitable to mine bitcoins?
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Are there any others?
Namecoin?
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