Settle down. Nowhere is there anything saying this is a giant Bitcoin mining center.
It is described as a "data center". Presumably there are lots of users of different types including crypto currency miners.
You do realize that even if 20% of its capacity are used for mining, it would become one of the world's largest mining farms/pools? |
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Litecoin had a fair launch, its working and what is needed is to be used. That's for the people to decide.
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China appears to be controlling bitcoin now, Chinese are responsible for the present increase in price.
Even you're not wanna for realize about the previous post and reading them for slowly, your post is out of the general things are contained in here. it's about new bitmain's facility and so far from the china's government, that's why I can recognize you a pure spammer, right? Bitmain said in a tweet that they will only control a small part of the hashing power and the rest will be controlled by miners. Not sure what % of the hash though. |
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I traIded the shit out of it and I made $5 billion in 6 days...
Is that you, Leroy Fodor, and if so, was that your 381st successful consecutive Forex trade? No, I'm a Bernie Madoff's cousin. |
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And I would like to start a fundraiser campaign to raise funds and bribe theymos or some of the MODs to ban this fucktard.
i am with you regarding this as he is spreading these kind of news for some time , i cant understand what the litecoin developers has done to him  Nothing. The guy is just sick. Today he is praising LTC and tomorrow he's trolling it. You can just check his post history and see for yourself. |
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People like me? You have no clue who I am and I can protect myself just fine. Now begone to your hole!
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And I would like to start a fundraiser campaign to raise funds and bribe theymos or some of the MODs to ban this fucktard.
Please no insulting. All people of your kind deserves it. Having discussions with people like you is a pure waste of time. That doesn't mean I will stop bashing you though.... Please stop troll, this is not place for such thing. This is place for mature and respectful discussion. Please abide by rules be gone, you heretic! I am the troll? I think you are with schizophrenia or something. Trolling coins like Litecoin is like beating a 5-year old child. They done nothing wrong and its not their fault that most of the people care about their fast profits and they are squeezing the cryptocurrencies in order to get their 5 bucks in 2 hours. |
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And I would like to start a fundraiser campaign to raise funds and bribe theymos or some of the MODs to ban this fucktard.
Please no insulting. All people of your kind deserves it. Having discussions with people like you is a pure waste of time. That doesn't mean I will stop bashing you though.... |
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And I would like to start a fundraiser campaign to raise funds and bribe theymos or some of the MODs to ban this fucktard.
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Sad to see us pay for all the development which banks clone and use for their own gains. The ethereum foundation may well be getting chunks of funds for assisting the banks setting up their own versions of eth but that money will not go into anything other than their own pockets you can be sure of that.
I've been saying this for ages. Banks and big companies are testing the technology, but as shyliar said: It's important to differentiate between articles that actually support the public chain and the many other use's of the Ethereum platform.
Their clone is not going to be open sourced and it has nothing to do with the public chain. |
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I traIded the shit out of it and I made $5 billion in 6 days...
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Not sure if you heard the news, but China plans to ban its people to move Bitcoin outside the nation.  It's not possible. This is sound stupid by the way but then it's just rumor for people to dump BTC as BTC jumping so quick and so high. Shorts panic then spreading rumor. The purpose of BTC is decentralized and it's not possible to control. One way is user simply move their Bitcoin from Chinese exchange then they can do anything or send anywere they want. Possible or not - its on the news. |
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There are news that China plans to ban its people to move Bitcoin outside the nation so......
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Not sure if you heard the news, but China plans to ban its people to move Bitcoin outside the nation. |
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I mostly meant that LTC and XCP are not that "famous" as Bitcoin, but their tech could be called superior. My bet is that if something will explode, that would be LTC or XCP. I am predicting a lot of failures in Ethereum and ZCash, but future will tell...
Most coins have superior tech compared to Bitcoin because they came later and there was (and still is) room to experiment. While the value is low, you can do many things. When a 5% price fall happens on the Bitcoin market, there's quite some money. That makes the devs very (too?) careful with what they change. Altcoins don't have this pressure and can do wonderful things. When I said that there are better choices than LTC and XCP, I was not clear enough. I share the same view as you on ETC/ETH and ZCash. And there are other coins/tech too in this list (SDC, Steem..) I was thinking on XMG, XMR, BBR maybe zCoin.. and there are many honest coins/teams that try to do the best .... the list can be very long, just I am rather lazy... I've never used Monero, but I think its anonymity is not optional? That's imo a big problem. Steem needs A HUGE user base to succeed and some even compared it to Facebook (which is plain stupid). It may bring some profits to the early investors, but I don't see its future (as it is). If companies such as FB consider it as a threat, they will just buy it. Don't know anything about XMG and BBR. Same goes for SDC. |
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I think its time to turn our heads to some altcoin (my best guesses are LTC and XCP).
There are plenty of options around, quite some of them being better than your proposals. I'd propose coins that are not mined by ASIC. CPU only would be even better. I feel that this is the only way of decentralization: anyone be able to mine. Even if the coin would barely pay for electricity, the average Joe will mine it for fun, for profit and because he can. Yeah, I know, there's a risk of botnets, there's the risk that somebody will find a way to make ASIC... but until then there's decentralization and maybe, since the coin will not have so much money behind it, if needed, a fork will change algo in a way anybody can mine. Theymos also had an interesting idea for a new altcoin. Again, there are plenty of options. But most bitcoiners will not leave Bitcoin, because it still promises riches. I mostly meant that LTC and XCP are not that "famous" as Bitcoin, but their tech could be called superior. My bet is that if something will explode, that would be LTC or XCP. I am predicting a lot of failures in Ethereum and ZCash, but future will tell... |
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Same (if not affiliated with) shit like OneCoin. Don't trust this...
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LTC is controlled by China in the same way.
I know, but is it necessary to tell you the difference between LTC and Bitcoin (investors)? XCP (Counterparty) is controlled by Bitcoin miners and Bitcoin developers.
My opinion is same as to Litecoin. XCP is a better (at least imo) tech than Bitcoin. |
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Two days ago, when the news came up, I've created a thread ( https://bitcointalk.org/index.php?topic=1668584.0) in the Mining section, but I think this is important to know as it could affect altcoins as well. For those who are lazy enough to check the thread, this is what the Chinese are currently doing: http://www.cybtc.com/forum.php?mod=viewthread&tid=16490   I tried to make some calculations based on S9 miners, because no hash power is announced and I came up with ~1500PH (assuming they somehow improve their miners, or they are using slightly better tech). For those of you who doesn't know what that means, I will only say that world's Bitcoin hash power is about 2000 PH. Bitcoin mining is going to be even more centralized, not to mention that the diff. will go through the roof. EDIT: Its important to say that I first came up with 150PH, but I've miscalculated a zero (Peter Todd's tweed made me do it again: https://twitter.com/petertoddbtc/status/794206373651288064) I think its time to turn our heads to some altcoin (my best guesses are LTC and XCP). |
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