In case anyone is wondering why I am no longer developing Cortex7: I still am...  I started the new "Cortex7" account because I wanted the name to match the application. |
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Hi, Am I correct in thinking these parts are needed to get mining for each board:
>=600W psu
4 * coolers
Also: do you have any recommendations for good (suitable) coolers?
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For the people concerned, I was updating my charts today with the last data of the Federal Reserve and, for the first time, the differential between the past 52 weeks inflation of BTC supply and M1 supply is under 1% (0,87%). In the next year BTC supply inflation will be between 10% and 12.5% where the inflation of the $ M1 will be north of 12% (Money Base inflation just bounced over 20% falling from 40% of last November). BTC will actually inflate LESS than the USD for the first time in just few weeks (maybe four, maybe eight, surely by the end o f the year this will happen). This is when the next hyperbolic will start. https://www.youtube.com/watch?v=4JqZgGvxjQYThis is the very useful information, thank you very much. And a nice song btw  Indeed, thanks for the heads up on this, telling it how it is, just like Dylan and Watchmen did!  |
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Hyperinflation is one.
But in case of hyperinflation, there will be currency exchange control in place. You may have a hard time doing transaction using btc hence rendering it useless.
Then with hyperinflation, would BTC really raise in value or relatively would it stay the same only to be worth many useless paperbacks? Bitcoin would do both. Raise in absolute value ( bitcoin price of bread would drop ), caused by bitcoin cap growing. And rise massively in fiat value ( fiat price of bitcoin would rise ), caused by people escaping the sinking ship. So if we consider a loaf of bread as an anchor; then after hyperinflation starts bitcoin would fly above the bread and fiat plummet below, relative velocity between bitcoin and fiat would be tremendous. Perhaps the bitcoin price of gold might remain the same order of magnitude. edit: currency exchange control mechanisms are always black marketed away (the people responsible for the controlling often taking a cut), people are very eager to jump ship and people are also very eager to profit during the whole affair, it's CHAOS! |
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Congrats to the winner/s.
This compo inspired me to make my own siggy using this big text method.
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This design is tested in my real siggy. The live siggy versions actually look better than quoted versions because the horizontal white space is thinner and more even in the live siggy. This big text hack gives a consitstent style accross all member types. NOTE: I have also posted in this thread as @Cortex7 here and hereColor version: Full member and aboveMonochrome version: MemberMonochrome version 149 chars: Junior memberMonochrome no link 50 chars: Newbie member█▀▀▀██
█░██░█
█░▄▄▀█OLLIN.IO Play 1% Dice ►►
Bitcoin address:
15pfcPNJYnZqEjknytRUfnULLBBMUhiEsS |
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^^^^^ @Foxpup describes it perfectly.
When I first saw this on ripple I also thought WTF!
I couldn't imagine that the spread could be that wide in an operating market.
But it is and it indicates an almost non operating market.
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OK, I got websocket working in my client again. I'm implementing the websocket protocol myself in C++ on a raw socket so this is probably not relevant to those using javascript in browsers. It turns out that the MtGox websocket now requires properly framed messages as per RFC6455. A while ago only the Socket.IO required the RFC6455 framing. Before I was getting away with just this minimal framing for websocket: [0x00] ....RAW STRING DATA... [0xFF] Now you need the RFC6455 framing function, I posted C code earlier in this thread. Now I need to get my socket.io implementation working also  WebSocket + JSON == WASTED_BANDWIDTH |
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wait a second, now you have to subscribe on your own?
They really changed the default behavior when on connect you were subscribed automatically?
Yes, it changed for websocket some time ago, or maybe websocket has always been like that I don't know. And I just noticed that socket.io now also serves a dead stream to start with, you need to subscribe (i think/hope). For socket.io I was passing all needed currencies as args in initial GET, that doesn't work now. |
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Well Socket.io and Websocket have been down for a while, for all of us it seems. Except for this guy, older API version or something? Or maybe just lots of HTTP requests?: http://bitcointicker.co/EDIT: curiosity got the better of me, wireshark caught this: GET /socket.io/1/websocket/qRpvu5AQFZvju4nIao6m HTTP/1.1 |
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squall1066 is current winner.
and this will be the reserve price for the miner. (5BTC via escrow arranged by buyer)
I have added a countdown timer for this auction.
Timer removed. End time: 2013-09-19+00:00:00UTC
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OP, your question has been answered twice, see above ^^^^^^
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All the way to the right, there is this little symbol:  It always links to the last post. As he only reads last posts he may assume that you were the first to give this answer, but really I beat you by 1.5 mins! |
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when you are viewing thread listings:
take your mouse all the way to the right of a table row, the small clickable icon links to the last post.
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Asset backed currencies have been the ONLY succesful models tried. They stood for centuries, none ever "failed" they were all replaced by fiat systems.
The dollar was removed from gold backing in 1971, but it was weaned from gold onto oil and the "petrodollar" was formed, it was a brilliant plan and when put forth to Saudi "leaders" they realised that if they got in on the ground floor of the pyramid scheme they would greatly benefit.
Fiat moneys have ALWAYS failed. The ability to "print your way out of trouble" is in fact "printing your way into trouble" and will always end bad for the users (good for the bankers).
Fiat money ALWAYS ends up being backed by debt, that is what fractional reserve banking is, when you go into a bank and borrow $100, that bank is allowed to create $1000 out of thin air and loan that out to other users. This $1000 is not moved from some reserve to the bank, it is literally created out of thin air at the press of a key.
The word "Fiat" is latin for "It is" or "Let it be". Like a magic utterance allowing something to be created from nothing.
As to the thread title: Inflation and Deflation are only good for those that wish to control the money supply. Keynes would have you believe that this is necessary, but history tells us that it ALWAYS fails. It fails in a very lucerative way for the bankers and a very painful way for the majority of its users.
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And another one (after this I'll just start shouting Bueller?): I don't seem to be able to subscribe to both depth and trade messages. If I do, I get depth but not trade. I can repro this in <50 lines of python; is this normal behaviour?
Normal for us two maybe... Im trying to get websocket stream working (coded on top of vanilla C socket) and I seem to have same problem? I am getting lag, depth and ticker but no trades.  One error message comes back, related to the failing trade subscription. !!!THANKS TO PROF7BIT FOR SUBCRIPTION INFO IN EARLIER POST!!!
04:25:30 MtGox_Socket::SocketCreate: CONNECTED TO: websocket.mtgox.com:80
04:25:31 MtGox_Socket::DoHandshake_WebSocket: GOOD: NowListening
04:25:31 TX_STR_FRAMED -> {"op": "mtgox.subscribe", "channel": "trade.lag"}
04:25:31 TX_STR_FRAMED -> {"op": "mtgox.subscribe", "channel": "ticker.BTCUSD"}
04:25:31 TX_STR_FRAMED -> {"op": "mtgox.subscribe", "channel": "depth.BTCUSD"}
04:25:31 TX_STR_FRAMED -> {"op": "mtgox.subscribe", "channel": "trades.BTCUSD"}
04:25:33
{
"message":"Unknown channel requested or not a public channel",
"op":"remark",
"success":false
}
.....
Now lag, depth and ticker JSON comes streaming in
.....
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