Some numbers: Using http://bitp.it/, my laptop (not a top-of-the-line machine now, but it was a few years ago) is trying ~5,000 hashes per second. Blockexplorer tells me it'll take 1048471149936089 hashes to win. A win would be 50 BTC, which at current exchange rates is about USD 300. So each second of processing time gets me 5000 * 300 / 1048471149936089 = 0.00000000143 USD. Let's say I have a thousand people visiting my site 24/7 for a year. 0.00000000143 dollars per second * 1000 people * 31557600 seconds per year ~= $45 That's actually higher than I thought it would be. Note that this assumes the exchange rate and difficulty don't change, which they will. errr, it also assumes that you have at least 1,000 people on your site that aren't blocking JS at all times. Having 1000 site visitors is not the same as always having at least 1000 simultaneous visitors. So you are talking about having upwards of 150k users per day to make $45/year. If you have a consistent 150k users per day you can monetize your content far beyond $4 a month. |
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do you have to actually be connected and contributing at the time block is found or can you just have contributed during that block search?
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Someone should invent a decentralized currency we can use so that it doesn't matter what Senators think... oh wait, nice.
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you could however, outfit an actual physical server the way you wanted, send it to a colo to be hosted, and admin it from afar. but prob not worth it, might as well just buy shares in one of the many mining companies that are being started up.
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yes, or you could add something like "pay for decision making power"
before each round starts everyone can choose "end this round and distribute all money equally between players" or "end this round and choose one person to give all money to" or "game on" (or some similar combination of ending scenarios and attach money to that. If some decision has X% more money behind it than any other decision, that is what happens (with all the decision making money added to the pool). Could end up with some interesting power struggles between people that want to let it ride and people that are trying to get the game to end.
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ahhh, i thought it had to be the very next person contributed exactly double or else you were screwed
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one would assume that anyone buying or selling money on fulltilt would have some idea of the current status of their business and formed an opinion on it. Those opinions diverge and are the stuff of 1000 arguments already.
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In any case. I have US money on fulltilt. I am willing to sell it for BTCs. I cannot transfer obv, so would have to be sent after US payout occurs. I am willing to give player history, signed notarized, contract, etc. Starting point for negotiations is 85% on USD. I am also willing to negotiate who holds liability if FT payout does not occur.
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the problem is it never becomes negative EV to buy back in. Essentially, after you are booted, it is always rational to buy back in. Which means that the two people with the deepest bankroll will always be doing an expensive coinflip at the end with everyone else just suckers on the way.
Could make it more interesting by adding some probability on each round that someone gets declared a winner with no further buy-ins possible. ie- an 80% chance someone will get eliminated and game will continue as usual, a 20% chance that someone in the game will scoop the pot. So if there are 4 people playing there is an 80% chance one will get eliminated and a 5% for each of them that they will be declared the outright winner that round.
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what happens if two people send the same amount to double the one before them?
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A market demand for a locker space on private property, guaranteed without surveillance? Swipe card key opening or combination, sent in mail granting access to locker.
A one-stop shop for many search warrants to be served at once :/ |
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I have a miner I have pieced together from CL parts. Seems somewhat stable so far, but occasionally restarts, locks up, or otherwise stops mining. It's running Windows 7 now, but will likely turn it into some flavor of linux over the next week. It's been a long long time since Ive poked around in the world of windoze. Anyone have good recommendations for logging tools I could use to find out what it crapping out and start trying to narrow down some causes? processor? GPU? heat? dog kicked out power cord? etc....
would like to at least get hardware stable under windows and be able to mine for a solid 24 hours at a time without any crapouts before I start trying to play with *nix drivers, etc
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Hi Liz:
I don't think investments (in the form of shares) will be terribly hard to come by (though donations are always welcome). More difficult is getting a crew of solid folks together to work out the organizational documents, get the application to the city in for land, etc and more important, grow food!
There will definitely be opportunities for volunteers that may not be willing to make any comittments for a growing season but could come out for a weekend workday....
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ah, thought you wanted to go the other way. I have FT / need BTC.
Tom: Save it for 2+2.
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oh n/m. i see now, just a python program. too late for me, need to go to bed  |
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I'm sure this has been talked about here before, but I can't find any threads dealing with it specifically.
What would be the advantages/disadvantages of having a cryptocurrency pegged to gold rather than just floating as BTC is? something like e-gold but with the hard to track nature of bitcoin.
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a bit off topic, but if this is the way your brain naturally wants to go, look into using LESS http://lesscss.org/ |
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possible to buy stock without Windows PC?
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this is still the most significant contribution to the BTC economy so I think. good work silk roaders.
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bitcoin casinos.
does this mean i can start bonus whoring again?
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