|
When will the Ixcoin client be updated to support wallet encryption and maybe a newer sleeker interface like Bitcoin-QT and I0Coin?
|
|
|
|
Wow, thanks for the tech info. I didn't know any of that. So then, is i0Coin alive now? Is there a dev in charge? How many total coins will there be? I don't really know anything about i0Coin to be honest. If there's a main thread and if it's live then I'd see if I can find more info. Thanks again.
I have 15K of these too  A couple of months ago I was completely convisnded ixcoin and i0coin are dead, but look what happens now  Do you remember how you paid for the i0Coins? Was it the same as the ixCoins? I'm trying to figure out how much I should pay for i0Coins. Thanks. With BTC on doublec exchange I believe. Sorry. I meant, how MUCH, did you pay for i0Coin. Thanks. Oh don't remember, was long time ago: 05.10.2011 |
|
|
|
Wow, thanks for the tech info. I didn't know any of that. So then, is i0Coin alive now? Is there a dev in charge? How many total coins will there be? I don't really know anything about i0Coin to be honest. If there's a main thread and if it's live then I'd see if I can find more info. Thanks again.
I have 15K of these too A couple of months ago I was completely convisnded ixcoin and i0coin are dead, but look what happens now Do you remember how you paid for the i0Coins? Was it the same as the ixCoins? I'm trying to figure out how much I should pay for i0Coins. Thanks. With BTC on doublec exchange I believe. |
|
|
|
Wow, thanks for the tech info. I didn't know any of that. So then, is i0Coin alive now? Is there a dev in charge? How many total coins will there be? I don't really know anything about i0Coin to be honest. If there's a main thread and if it's live then I'd see if I can find more info. Thanks again.
I have 15K of these too A couple of months ago I was completely convisnded ixcoin and i0coin are dead, but look what happens now |
|
|
|
Anyone knows if the following will be the system-board of the KNCminer devices? System-on-Module: ARM-SoC FPGA SO-DIMM http://www.orsoc.se/?page_id=484+ OpenRISC support in latest Linux 3.1 release http://www.orsoc.se/?p=435Edit: "OpenRISC support in latest Linux 3.1 release" is unrelated to the system-on-module (i think) Looks similar, check one of the two videos I posted from the open day, not the one with the Mars miner, but the one with the die size explanation. Same shape for sure... Thanx 4 the tip! It does look identical indeed: http://www.youtube.com/watch?v=by-je8XRCdYEdit: to be exact: the board from your video has 1 more chip than the one from orsoc's link. I just realised the coolers (Arctic A30) were already considered or chosen back in June:  |
|
|
|
Can this tool be used without the escrow part?
Just 2 people: payer sends the BTC to some address and they can only be released when payer and payee agree on it.
Of course - just have either of the two people be the escrow agent. The only drawback is if the payer and payee fail to agree, the only alternative is nobody gets the funds. That advantage could be used by the payer to extort something from the payee beyond the goods he has already received. If either of the 2 people is the escrow agent, then he will have both Invitation codes and can claim the BTC for himself? |
|
|
|
|
Order #65xx
Date of Order: 30th August 2013
Date of Payment: 30th August 2013
2x Jupiters
United Kingdom
None
|
|
|
|
|
Can this tool be used without the escrow part?
Just 2 people: payer sends the BTC to some address and they can only be released when payer and payee agree on it.
|
|
|
|
That assumes everything is operated at 0.7J/W. It isn't there is a lot of less efficient gear out there. Long before you get to 200 PH/s for example every 55nm or higher chip will be operating with negative ROI. They will go idle. Plus when hashrate is already say 30 PH/s and even with NO difficulty increased the margin over electrical cost is next to nothing and the break even point stretched out into years into the future hardware sales are going to slow down. When you start subtracting inefficient hardware going offline well it isn't likely at all.
However you seem to have your mind made up so 200 PH/s +
Don't get me wrong - I somewhat believe 200 or 300 PH/s is science fiction, unless a very large percent of miners are not paying for electricity, which I doubt. But don't forget 2 very important factors: 1 - BTC price can skyrocket. $1000 BTC price changes the landscape dramatically: with 1USD per GH/s efficiency it equals 1388.88 PH/s network speed for electricity only break even. 2 - People are greedy in nature and a lot of them will keep mining long after it is unprofitable, hoping for an increase in BTC price. |
|
|
|
0.55W/GH? What using magical unicorn miners?  Here are "at the wall" efficiencies of various devices and proposed devices. https://bitcointalk.org/index.php?topic=281279Nobody, not even cointerra is predicting half a watt per GH/s at the wall. Obviously that is not the case now, but I would expected efficiencies to improve quite a lot up to that point. And yes exactly Cointerra are saying that on their website: What are the specs of your 28nm chip?
GoldStrike1 (GS1) is a 28nm chip with a 0.5TH rate and power consumption of 0.55 watt/GH. But you are correct for "at the wall" consumption. I have forgotten to include the efficiency of the PSUs, where an additional ~ 10% more electricity will be used. But even so 650000USD would be enough for around 200PH/s I believe, which again would be futile, because BTC production will only cover electricity costs. |
|
|
|
Yes, it seems reasonable considering this: http://bitcoin.sipa.beThere are so many companies and securities releasing hash power in Q4 this year. I would not be surprised if the network continues its current growth rate through the end of the year. Also, I think a large percentage of manufacturers will setup large mining farms using their own equipment at cost. Notice how none of the newer companies have stated they will not mine on the Bitcoin network. This will push difficulty up much higher & much faster than anyone anticipated. This is not me hating on just Cointerra by the way. I think almost all current consumer mining hardware equipment is overpriced. They are not the only ones by far... I just would like to see them succeed because they are from my home state of Texas, so I am giving them constructive criticism. No it isn't realistic in any fashion. 236 PH/s would mean that every single miner in the world would be operating at a loss. So even when miners have a 100% negative ROI from day one people will keep deploying tens of thousands of more units. Why? They have to much money and want to turn $1000 in electricity into $50 in BTC? My calculations say otherwise, unless they are wrong, so please correct me So 3600 coins a day, which might increase up to 5000 coins daily with the always increasing difficulty and less than 2 weeks finding of 2016 blocks. So 5000 coins = 650000USD daily at current market rate. If we take a very conservative rate of 0.15USD per kWh, then 650000USD equals 27083.33USD per hour divided 0.15USD per kWh = 180555.5555555556kWh * 1000 = 180555555.55 Watts per hour If we take an average consumption of 0.55 watt/GH/s then 180555555.55 Watts per hour = 328282828.27GH/s = 328.28PH/s Or the other way around: 236PH/s = 236000000GH/s * 0.55 watt/h = 129800000W/h = 129800 kW/h * 0.15USD per kWh = 19470USD per hour * 24 hours = 467280USD daily. So basically the total limit of BTC that can be mined in 24 hours is enough to cover the power costs of 328.28PH/s miners if electricity costs 0.15USD per kWh. Hopefully that is correct. |
|
|
|
POWERED BY LOKI  Hulk, Smash > Hulk, Hash |
|
|
|
Are you sure that merge mining doesn't slow your rig down at all, not even increasing electric consumption?
It doesn't - you produce the same amount of hashes, which are sent to the pool server, which then checks them against different coins. So basically the pool server does more work, not you. That is the best news one can get for buying these expensive and elusive ASICS. I predict there will be dozens of merge mined coins next year. If you get enough ASICS now you can stand to make a killing. It's a big risk but so is the potential. I admire your pesimism I believe that no coin that can be merge-mined will ever increase in value, because of the fact it is merged mined. Back when merge-mining was first introduced for Namecoin I myself and other people believed that this might somehow make NMC increase in value - it didn't. And it make sense, because mining have no correlation to the value of a coin. Its value is derived from simple market forces - interest to buy and interest to sell How am I pessimistic? I feel I'm being optimistic. Unless you're referring to the fact latecomers will never make any real money. This is true for any new industry - this is reality, not everybody can get rich in this universe, not now not ever. And I wasn't implying that merge mining would cause any coin to spike in value. I was referring to market forces such as raised awareness, a spike in demand, a Bitcoin ETF, a spike in market participants, a spike in speculative investors, a spike in institutional investors, etc. And this did happen to Namecoin - where it was trading at $.001 earlier this year and in April when Bitcoin spiked Namecoin went up 100,000%, from $.001 to $1. For a while it was actually over $1. And we are still at max 1% population active rate. A Bitcoin ETF alone could spike that to 10% in under 12 months. The media, govt and banks can then take the participation rate to at least 40% and they can do it faster than the Internet funds adoption from 1994 to 2000. This thing (alt-coins) is rigged to go sky-high, the right pieces and market participants just need to fall into place and if you've got your investments ready to go just sit back and watch the show. Sorry, I meant optimism Don't get me wrong, I really really really hope your predictions of the future come true, but I am mostly pessimistic that Alt-Coins will see the same uproar as BTC. There could only be one real digital currency that can take over the world (we can dream at least) and that would be BTC. It's the first one, it's the most secure one, it's the most supported one. I don't see a scenario where any other Alt Coin has a chance of being used for direct purchases of goods and services on a massive scale, something that even BTC hasn't achieved yet. They will always be in BTC's shadow and they will always be exchanged for BTC. So they will always be speculative form of currency. |
|
|
|
To lose $1200 difficulty must be over 33 billion, which equals 236PH/s network speed. That speed equals 472000 (472 thousands) 500GH/s miners or 118000 (118 thousands) 2TH/s miners. Does this sound realistic to you? |
|
|
|
Are you sure that merge mining doesn't slow your rig down at all, not even increasing electric consumption?
It doesn't - you produce the same amount of hashes, which are sent to the pool server, which then checks them against different coins. So basically the pool server does more work, not you. That is the best news one can get for buying these expensive and elusive ASICS. I predict there will be dozens of merge mined coins next year. If you get enough ASICS now you can stand to make a killing. It's a big risk but so is the potential. I admire your pesimism I believe that no coin that can be merge-mined will ever increase in value, because of the fact it is merged mined. Back when merge-mining was first introduced for Namecoin I myself and other people believed that this might somehow make NMC increase in value - it didn't. And it make sense, because mining have no correlation to the value of a coin. Its value is derived from simple market forces - interest to buy and interest to sell |
|
|
|
Are you sure that merge mining doesn't slow your rig down at all, not even increasing electric consumption?
It doesn't - you produce the same amount of hashes, which are sent to the pool server, which then checks them against different coins. So basically the pool server does more work, not you. |
|
|
|
|
I've been looking for a reputable escrow service and nothing - John K is away, Great didn't reply to my PM and is going away too, theymos doesn't reply too.
Can you recommend someone, who I can trust?
Thank you.
|
|
|
|
Same here please |
|
|
|
12 mo warranty + no thermal control = trouble.
Paid Shill for HashFast in a KnC Thread = Trouble Where can I sign to be a paid shill  |
|
|
|
|
Show Posts
