Because you can make more money selling the equipment for a profit. And its riskier to mine than sell the equipment..
Yeah it "will" but it hasn't yet.
Right now that 30,000 rig will take 50 days to pay off.
Why the fuck would you sell something that will make you $30,000 in 50 days, and cut off your own profit? Say they're not being dicks, and they're making a decent margin, they're paying $20,000 for the rig that's $30,000 thats $10,000 profit.
I feel like I have to respond before something thinks what he wrote is true. The 30,000 rig will take much more than 50 days to payoff unless you are the only person in the world with the equipment. The difficulty changes every 2016 blocks, so within a few days of the first batch being received difficulty will rise by a factor of 4 (the maximum it can change, see the wiki article on "target") and will continue until it reaches steady state. your 50 days has now become 200 days a few days after receiving your rig, and will probably settle at somewhere around a year or more in the end. Stating that BLF wont be "the only personcompany in the world to have them"? Edit: I'm just saying, why wouldn't a company use this, make a shit load of cash, forcing the blocks to be harder, in turn forcing people to buy their products? Explain your logic, good sir? $30,000 in 50 days is more profit than $10-20,000 in 1 sale. |
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Because high taxes on the rich means overall less taxes.
The lower the overall taxes the higher economic growth, it's as simple as that.
taxing the rich more does work, without penalising the poor If the rich work less because it isn't worth the money after tax, then it does penalize the poor. That is less money for the rich to loan to the poor or to pay the poor to work for them. There are consequences. Keep believing the party line all you want, it's what they want you to believe, that is why so many loop holes exist in the first place. You really think any of the fortune 500 companies actually pay total taxes of 40, 30 or even 20%? No, they don't. In the past 10 years, a good portion of those, have paid from total tax in single digits, to tax rebates, worth millions or even billions. Doesn't sound like they are paying their fair share to me. Especially if they are suppose to be some of the most profitable companies in the world. Fact is, the super rich, boast massive million or even billions of Net profits when it comes to pleasing their shareholders. However, when it comes to taxing season, will find any way possible to make out they companies profits are low or obscured so can't be taxed or are owed a refund etc. So no, when a company can make out business is booming, I don't see anything wrong with taxing them properly and getting rid of all these loop holes. Who cares how much the rich/businesses are taxed? As someone that does not own a business, I have to rely on someone fronting me the money to work for them. Whether that is a millionaire or a billion dollar corporation, it doesn't matter to me. What does matter is the number on my paycheck. If taxes increase for that person or business, that is less money to go around & smaller numbers on my paycheck. The only people that pay taxes (no matter how high or low) are the people that can't pass it off - poor & middle class. Wrong, you think if your boss is making 50k a month profit, and he gave 4k extra in taxes, it will hurt your paycheck? Probably not. |
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The more money you tax, the more government jobs can be made, which in turn makes more jobs because those government workers are standing in line at walmart in turn making walmart hire more people, which in turn makes more tax revenue for the government as each get paid and taxed, then taxed when they spend their pay.
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+1. That's a clever concept, keeping the fluid circulating without a fan or pumps. More than clever. It's not simple immersion cooling, it's evaporative cooling: any component reaching the boiling point of the liquid (34C in this case) will cause the liquid to boil. Heat of evaporation takes away all the heat from that point on, it's almost impossible to go above 34 C in this case. Most of vapor is then condensed at the heat exchanger, and recycled into the system. This heat exchanger is likely the most problematic part: it's got to be able to dissipate heat into the surroundings at the rate sufficient to keep the hot side below boiling point of the liquid. Good luck trying to use it in warm climate like where i live, +36ºC all year long. it would be interesting to see a Pressure-Temperature diagram of the stuff. If you're running a server or many rigs, or any rig at all, you probably have the air conditioner on? |
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Yeah it "will" but it hasn't yet.
Right now that 30,000 rig will take 50 days to pay off.
Why the fuck would you sell something that will make you $30,000 in 50 days, and cut off your own profit? Say they're not being dicks, and they're making a decent margin, they're paying $20,000 for the rig that's $30,000 thats $10,000 profit.
I feel like I have to respond before something thinks what he wrote is true. The 30,000 rig will take much more than 50 days to payoff unless you are the only person in the world with the equipment. The difficulty changes every 2016 blocks, so within a few days of the first batch being received difficulty will rise by a factor of 4 (the maximum it can change, see the wiki article on "target") and will continue until it reaches steady state. your 50 days has now become 200 days a few days after receiving your rig, and will probably settle at somewhere around a year or more in the end. Stating that BLF wont be "the only personcompany in the world to have them"? Edit: I'm just saying, why wouldn't a company use this, make a shit load of cash, forcing the blocks to be harder, in turn forcing people to buy their products? |
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The main reasoning from the top comment is that the rich hoard their money preventing it from being re-circulated into the economy. But wouldn't that decrease the supply & increase demand aka making your money worth more? Assuming making your money worth more is a bad thing ("then everyone would hoard!"), why is giving it to the government a good thing? Am I the only skeptic that believes the government is just a bunch of talking heads that give tax revenue to their rich friends? And even if the government perfectly reallocated money, what would be the point of working? If I'm getting money from not working...I'm not going to work.
It would not make your money worth more. You need to look at it in this view, someone who is mega rich, they're going to buy huge 10 million dollar yachts. Lets do some hypothetical here.. These companies might only employ 5 people for 20 orders a year. Say there is 50 yacht companies doing equal work. If the rich stop hoarding money, and they buy yachts, and now these 50 companies are making 40 boats a year, thus needing to double their staff. Now there is need for 250 more college graduates who have studied the field of making yachts.. Who are getting a very good pay, they cant afford to buy a Ferrari, but they can afford to buy a 4-wheeler/quad/atv type deal from a guy working off commission. In between all that, hundreds of other people will benefit, the people who make the yacht parts, truck drivers, the atv parts, then the people who who those people spend their money on. The government taxes them all when they get paid, and when they spend the money, thus making the government more on the money the rich are holding. In Florida taxes are 6.5%, (1) 10m boat will make 650k in revenue. I don't think it will be worth more, because it will be spread around, and the guys at the bottom still wont be able to buy everything the rich can. |
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So can anyone tell me if there is another alternative cryptocurrency other then Namecoin and Litecoin worth watching?
Every fork of Bitcoin is just an attempt to catch the train to the country of millionaires. Keep this is mind. Do you still think that BTC was anything else? Read this: http://eprint.iacr.org/2012/584.pdf very interesting paper... It's long overdue ..... someone did it at last .... tl'dr please explain? |
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When people ship stuff, they send it to the paypal address.
You do know this, right?
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Awesome, will get some btc notice I think. |
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Would PayPal have covered you under any circumstance? For example, if you had photographic evidence with a pack list and the items shown?
Sometimes.. I've found it's fifty fifty. I once sold my iPhone 4 via Ebay / Paypal. When the seller received it he says the iPhone 4 was missing (!?!?!?). I used Find my iPhone and found that he received, used and even renamed it to 'Mark's iPhone'. Sent that to PayPal and they marked it in favor of the seller and I'm out of $400. Why didn't you claim it stolen with apple? He will probably get arrested. |
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Selling a product, that will make you 10x the profit in 2 weeks, is a scam imho. You do understand the difficulty to generate bitcoins will rise? No extra profit will be made, they just make graphics cards miners redundant! Yeah it "will" but it hasn't yet. Right now that 30,000 rig will take 50 days to pay off. Why the fuck would you sell something that will make you $30,000 in 50 days, and cut off your own profit? Say they're not being dicks, and they're making a decent margin, they're paying $20,000 for the rig that's $30,000 thats $10,000 profit. OR you can hold on to them, and make $30,000 in 50 days. Then sell it, and now you have $40,000.. OR... you hold it for life, because you hold the key to the bank. And it will become harder to get coins? Yeah you're right, add a few days onto the top, 'when' it happens. If they 'are' real, they're probably mining them, til the difficulty rises, because it will do 2 things 1. FUCKING BANK $$$$$$$$$$$ 2. Force everyone to buy ASICS FASTER |
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Selling a product, that will make you 10x the profit in 2 weeks, is a scam imho.
Compare google selling you their adwords licensing for $100,000 dollars a day royalties, but its making $500,000 a day profit.
Its bullshit.
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When I was running all five of my singles here, the electrical costs were more than $400 a month. If it cost $1,000 for a passive cooling setup, which would drop that to $200 or less a month, it'd pay for itself within five months. Looking good while it did that would be a bonus.
Awesome, thanks for posting some monthly electric costs. |
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Your numbers are jacked. 6 out of 49? You know how many people will have to pay, to win?
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that stuff is really expensive.....  I only found 1 posting online from 2 years ago saying $350/gallon Maybe the price has changed a bit, but this would still be awesome to have for someone who has dozens of rigs going. They would obviously be able to afford it, and the energy savings alone would be great. |
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Oil submersion isn't a good idea for anyone that knows how physics actually works. They think "oh wow, there's this huuuuge amount of thermal capacity in that oil! That'll work great!" Well guess what, after a certain amount of time it heats up. All that massive capacity changes is the amount of time it takes to get to max temperature! So 2 weeks later, it's hot! You still need a cooling system to cool the oil and that's much harder than air or water. Otherwise your cooling is the surface area of the oil touching the air with no movement and no radiator of any sort. That's not good. You'd be better off with air at that point.
I believe thermal conduction is thermal conductivity times surface area times temperature differential. So if you have a copper fin cooler, that has insane total surface area. It could seriously be 1 square meter if you were to spread it all out. Then you have a fan forcing air through it so the temp difference is always virtually the same. Also copper conducts heat better than oil. So with an oil pool you've got like 1-2 square feet of surface area touching the air which is not moving over the oil so the temp difference is lower as the hot air rises slowly out of the way instead of blasting by with a fan, always feeding in new air. It's a much worse system.
Did you not see my picture? You could even attach it to a refrigerator attach the coils that run thru the freezer. |
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See this post here, and read the following conversation: https://bitcointalk.org/index.php?topic=7216.msg1253938#msg1253938The end result was that while oil can work amazing for gaming, where you're not dumping a lot of heat into it 24/7, it's not the best idea for miners. It will initially (first 12 hours) keep your GPUs very cool, but once the oil heats up, it's very hard to cool the oil (and the system) back down. That's only 1 view, with 1 person who didn't do anything different. There are a bunch of creative ways to cool it down.  Edit: A pipe going out a window, buried into the ground, mixing around with ground water. Free after you buy the copper pipe. |
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BFL is probably mining with your preordered rigs. Then after 1 or 2 months of straight mining and huge profit theyll send you you rigs. Win win for them.
means that ASIC are real, whitch they are not yet and customers be furious..noway..  I was thinking the same thing, and I posted a few times about them using their own stuff. ASIC's real? Possibly, them using the equipment before shipping? Probably. Customers being pissed off? Probably not, at least you didn't lose $30,000 by getting scammed. |
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Why wouldn't I just cash out my bitcoins for cash?
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