If reliability is main concern, you can use RAID1 (preferably staggered in such a way that two disk in each array have different wear level). Also, larger disks will last longer before wearing.
I wish the life would be so simple. The flash storage sector is so full of cheats and fly-by-nights, that the total cost of building a reliable and long lasting Unix server simply approaches or exceeds the cost of an equivalent mainframe solution. Self-healing (ZFS) can make unreliable flash storage reliable. |
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You did not seem to understand that she cryptographically signed the message ("how a random tx and address proves that Maria 2.0...") so I explained it.
Sure, one can come up with all sorts of crazy explanations, but in terms of crypto proof, it is the best you can get.
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That doesn't make her the "oldest miner on the forums". It just means that she now owns the address.
It is a lot more likely that she is the legit owner of the wallet, than she hacked the wallet of one of the first 2 or 3 Bitcoin miners. (In April 2009, the network hashrate was 5 Mhash/s - a single CPU is this fast!) |
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Can anyone address the seeming non-sequitur in the post topic? How is Bytecoin proof that Maria 2.0 was banned?
Bytecoin isn't the proof, and that should really be read as: "Maria 2.0 was banned (he/she can't post this him/herself). Here is the proof he/she is the oldest miner on these forums (because he/she can't post it him/herself). Also, now announcing Bytecoin!" Ah, thank you for translating. Can you also explain how a random tx and address proves that Maria 2.0 is the oldest forum member? It doesn't. At all  Actually it does. $ bitcoind verifymessage 1gc9ofUh56DdTY9AWDCXgBrjCRSFRYuh3 HNAaLxjcCAgyDBp8MOsCGfKfIZJSTZ9fRMh2PBkdPBaK2/B4G88SbIkzHoyNFFyEtkQNV/z90aWUfQ5d4UpxZUg= "Bytecoin, a new blockchain released today April 1, 2013. Exactly 4 years ago, I learned about a wonderful technology that was designed to give the people, power and control over their finances, with anonymity and privacy. 4 years later, we realize that the technology is to be spread, multiplied and evolved. Today we introduce Bytecoin. This is a fresh start for a bigger, wiser community that did not have the opportunity to participate in the early stages of bitcoin. www.bytecoin.inMaria" true...proves that Maria owns the ECDSA key behind 1gc9ofUh56DdTY9AWDCXgBrjCRSFRYuh3, which was seen on the network on April 2009, proving she is a very, very early Bitcoin user. |
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difficulty 1024. hashpower has not dropped yet. still way overhashed [next diff will be much higher at this rate]
cost of mining 1 BTE is now [not including reject orphan ratio]: 0.00079BTC ,128 BTE per .1BTC
which makes buying much much cheaper than mining. current market price of .15BTC per 1000BTE is super cheap. should be at least .79BTC ber 1000BTE not including incoming diff increase or high orphan blocks ratio.
calculations data:
typical 1000Mh/1100KH rig
[491.12 BTE day @0% rejects] vs [11LTC a day =0.383BTC ]
You are off by 1 order of magnitude. Cost of mining 1 BTE is .000076 BTC. It is cheaper to mine. The next diff adjustment (should be 4096) will make the cost .000306 BTC, so it will be cheaper to buy. |
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Despite 65 Mhas/s I can't mine any coins, tried solo and pool mining.
Anyone selling 1000 BTE for BTC? PM me please.
At current diff of 1024, it will take you 19 hours on average to mine a block solo. You need more hashing capacity. Bytecoin's global hashrate already oscillates around 70-80 Ghash/s (avg of last hour). |
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Very interesting altcoin, watching.
Well, strictly speaking nothing makes it interesting, as it is a straightforward clone of bitcoin with zero improvements or additions. |
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do you have any interest on gambling with odds on an earlier date?
how about your 100 coins vs. my 150
date: 5/15
same terms 3x non-BFL reports& 1 device 350Mh/J+
No, thanks. It is too uncertain whether BFL can ship by 5/15 or not. However I would consider doubling or tripling our current bet, if we push the date to Sep 30, 2013 (1 year after the original shipping date!) while keeping all other conditions as is. |
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And I sold the last 3 PSUs. Everything is sold out.
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This video recently came out: https://www.youtube.com/watch?v=4C4bgho5JSIand it's basically getting laughed at for the power consumption (i mean, the lights literally flicker at :17 as iCEBREAKER noticed 1st) and all my bets state 350 Mh/J. So in short yes, I expect to win all bets. For the record, I still expect to win my bet against Micon. (Though the deadline of June 30 is currently my biggest uncertainty - I did expect BFL to be late, but not that late.) The reason is simple: ASICMINER achieves 167 Mh/J at 130nm. Therefore merely scaling down their design to 65nm (which is BFL's process) should lead to 670 Mh/J, and my bet stipulates 350+ Mh/J. The BFL video shows a device doing 140 Mh/J, but that includes the inefficiency of the AC/DC power adapter (which is excluded from the bet), and it is affected by the believable explanation of the crappy DC/DC converter (which will be fixed per BFL), and this does not take into account the Jalapeno (which will likely be undervolted to increase power efficiency to fit under the 500mA limit per USB link - remember my bet specifies that only one of BFL's product lines has to beat 350 Mhash/J, not all of them.) If anybody disagree with me, feel free to bet on http://betsofbitco.in/item?id=665 where I also have 50 BTC on BFL's side  |
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you make a good point, by mining now at a low rate, they ensure market exists for thier sales
buuut it still does not stack up why they would bother selling
You don't understand the whole context of the Avalon project. It is very simple: Avalon was started by 2 young engineers who had almost no money (*), and no or little experience designing ASICs. They had no choice but to sell pre-orders at a low price (due to the overall risk and uncertainty of the project) to acquire the initial capital required to develop a 110nm chip and the machines ($200-300k or so). Once they successfully manufactured the first batch of Avalons, they honored the pre-orders because they are ethical persons. If they had say at this point "f*ck you, customers, we will mine with your hardware and not ship it to you", this would have enraged the community, destroyed their reputation (so no batch #2 and no batch #3 sales revenues for them), and it would have possibly disrupted confidence in Bitcoin due to 2 guys controlling the majority of the hashing power, possibly destroying the exchange rate and their potential mining profits. That's why. If you knew the 2 guys, you would see they care deeply about the future of Bitcoin and about ethics. (*) ngzhang did not make that much profits from previous FPGA sales, and yifu did not bring capital AFAICS. |
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I told they are scam many months ago. Few persons believed.
We don't believe you because you tend to make unbelievable claims. For example you said "ASIC will not be here for a long time" and 3-4 months later Avalon ships hundreds of units! Be more correct, and then, maybe, we will start believing you  |
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Every time another Avalon is delivered, you are losing more and more credibility. AFAIK you are the only one claiming that jgarzik, the Foundation, and all others who have received units are "part of the scam". I would be interested to enter in a personal bet with you that batch 1 will be shipped by some date.
Avalon is more than likely a scam. So jgarzik has one, I guess I should believe him even though there were many bets that were likely to be a good enough reason to lie and say you have a working asic. Bitcoin foundation had one, ok but do they still have one? It was my understanding the nzwhatever guy just brought it there to show it off. Also there is still the possibility that the machines turn on and produce heat but are really just a proxy for a gpu farm somewhere. How does one know when he won't release the source code? So 1 month later, and plenty of Avalons delivered... I was right (again). Why do people argue against me? They never learn |
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I guess he's right at the moment. What annoys me is that he probably hasn't used bitcoin to make a purchase before. I have a feeling that anyone who has actually used bitcoin to purchase something online will realise straight away how much more convenient it is.
Right? How can he be right? He says people only spend bitcoins on Silk Road, and trade on exchanges. There are thousand of merchants accepting Bitcoin listed at https://en.bitcoin.it/wiki/TradeBitPay, a Bitcoin to USD payment gateway, has more than a thousand merchants as customers: https://bitpay.com/Obviously he is very wrong. People spend bitcoins at all these places. These thousands of merchants are not just popping up and making zero sales. |
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An anonymous poster, "funmin", wrote a comment on my blog promoting a company claiming to have Bitcoin mining ASICs (see below). THIS IS AN OBVIOUS SCAM - DO NOT SEND ANY PAYMENT TO "LABSNOVO.COM"His post was: i think personaly that bfl is a big scam. i ordered and received from http://www.labsnovo.comnot 20 as they advertise but ~ 18gh/s stable…. very good… and they told me they are working a new firmware that will stable the speed on 20-22 gh/s…….. Thanks novo labs "funmin" made about 80 HTTP requests to my blog, between March 17 and March 20, using different IP addresses (mostly ukranian 46.118.0.0/15 and 178.137.0.0/16), to attempt to obfuscate which exact HTTP request submitted the comment, in order to obfuscate which IP he was browsing my blog from. But he forgot that the timestamp allows me to pinpoint exactly who he was: his post was submitted from the IP address 213.16.166.52 on 20/Mar/2013:05:33:31 -0700 using the following user-agent: "Mozilla/4.0 (compatible; MSIE 8.0; Windows NT 6.1; Trident/4.0; SLCC2; .NET CLR 2.0.50727; .NET CLR 3.5.30729; .NET CLR 3.0.30729; Media Center PC 6.0)". Perhaps this information can be helpful to track the perpetrator of this labsnovo scam... |
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good luck with your high school degree!
Cut the insults. I stayed polite, you must too. Nothing to reply? Then say nothing. |
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I agree with you that since ASICMINER is a bitcoin-based system, (deals in bitcoin mining, sends dividends in bitcoins)there's no point in thinking in USD value. It does not matter much what is the price of BTC in USD or whatever other fiat currency for the price of ASICMINER shares.
Right. You and I agree on that. However you still haven't proven your initial point in saying the ASICMINER shares are overpriced. Wherever I look (BTCfunder, btct.co, bitcointalk.org auctions) The price of the shares is 0.8 or higher. So say whatever you want to say, the market for the ASICMINER shares says that the shares are worth a lot more than 0.6 which you said was too much. When a stock is said to be overpriced, it does not mean the market does not want to buy it. It means the fair value of the stock (I estimated 0.25-0.4 BTC) is lower than the price demanded by the irrational market (0.6+ BTC). The vocabulary I use ("overpriced", "fair value") is well defined. It comes from the investment philosophy called value investing. So, again, the fact buyers are willing to spend 0.6+ BTC does not mean 0.6 BTC is a fair value by the definition of this term. Now, the only debatable point is what is the fair value of the stock. And one must attempt to estimate it by looking at assets and present and future revenues, like I did initially to prove my point: see here and here. Mausini: your thought experiment merely shows their valuation would decrease a lot faster if their operating costs were a fixed amount of BTC. It does not show their valuation would increase if the costs are paid in USD... This is at least the 3rd or 4th time I explain to you their operating costs are only ~3%, that they can't go lower than that, that the USD costs are already as low as they can be, and that in the future this percentage will increase, a lot: https://bitcointalk.org/index.php?topic=99497.msg1622421#msg1622421https://bitcointalk.org/index.php?topic=99497.msg1623418#msg1623418https://bitcointalk.org/index.php?topic=99497.msg1624754#msg1624754https://bitcointalk.org/index.php?topic=99497.msg1625480#msg1625480Your thought experiment does not add anything new. I don't know how else to explain it. There must be a comprehension issue that you are not raising to me (is english your native language?) |
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You do not understand what I said, or even what Mausini's argument was. The short term is basically irrelevant. ASICMINER's relative operation costs are currently close to 0%. They will remain close to 0% until other ASIC vendors ship. Therefore the exchange rate can increase all it wants while other ASIC vendors scramble, it will not be an argument for increasing the fair value (numbered in BTC) of an ASICMINER share because they already inherently gain value through this BTC appreciation. See https://bitcointalk.org/index.php?topic=99497.msg1624754#msg1624754 How many times do I have to explain the same thing? You will have to explain it as many times as it takes to make it become true. That is, infinity. Yes, when BTC doubles from $25 to $50, a 0.6 BTC share also doubles from $15 to $30. I know this reality is quite hard for you to grasp... Obviously, you are now either running out of arguments, or just trolling  |
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The popular belief is that if ASIC is real, GPU mining will die, or become less profitable, or not profitable at all.
My earnings went UP and continue to go up. And I have you, the ONLY guy to show an ASIC hash rate screen photo, telling me that it wont effect GPU mining.
No, your BTC earnings have gone down because of ASICs. Your USD earnings have gone up, but this is because of the Bitcoin exchange rate which has increased dramatically by 3.3x from January to today ($15 to $50), completely compensating for, and cancelling, the higher difficulty caused by ASICs. Keep in mind that very few ASICs have been deployed so far (less than 300 units of Avalon batch 1, plus the ASICMINER farm). A lot more has yet to come, at which point you will definitely notice your USD earnings as going down (within 2-4 months to be somewhat conservative). |
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this is only true in a long run (as it looks right now the long run is at least half a year). Neither BFL nor anyone else on the current market have any way of supplying enough machines to cover the demand. This might be different in half a year or in a year but so far ASICMINER is free to rake in the mining profit because there is not enough supply to cover the demand for ASIC devices.
You do not understand what I said, or even what Mausini's argument was. The short term is basically irrelevant. ASICMINER's relative operation costs are currently close to 0%. They will remain close to 0% until other ASIC vendors ship. Therefore the exchange rate can increase all it wants while other ASIC vendors scramble, it will not be an argument for increasing the fair value (numbered in BTC) of an ASICMINER share because they already inherently gain value through this BTC appreciation. See https://bitcointalk.org/index.php?topic=99497.msg1624754#msg1624754 How many times do I have to explain the same thing? |
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