GOATS!

[evoorhees]

This is so awesome, no words can describe it

CoinLab released a desktop client mining software which generates goats for needy families.

http://www.geekwire.com/2012/geeks-charity-bitcoin-mining-give-goat/#utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+geekwire+%28GeekWire%29

http://pool.coinlab.com/partners/goats

[btcinstant]

This is so awesome, no words can describe it

CoinLab released a desktop client mining software which generates goats for needy families.

http://www.geekwire.com/2012/geeks-charity-bitcoin-mining-give-goat/#utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+geekwire+%28GeekWire%29

http://pool.coinlab.com/partners/goats

I saw that just amazing! haha.

[luv2drnkbr]

Can I do this with BOINC?

[laughingbear]

I love this!!

[laughingbear]

should make these for all sorts of things, cure cancer, elimination of debt through http://rollingjubilee.org/  etc.

I hope they release this as open source, so it can be used for all sorts of things.

[CoinLab]

Glad you like it! 

We'll be making one of these clients for the Bitcoin Foundation soon.  If you have another cause that you'd like to mine for (or even better, can introduce us to someone working at that charity), send us a PM, because we'd like to have a few of these. 

[niko]

Time to start mining again, on one 5830 I saved from the old days.

[laughingbear]

please release this as open source

[ElectricMucus]

I ask again please give me an option to short sell this company.

[Phinnaeus Gage]

http://www.youtube.com/versusdebates

[bbit]

http://www.youtube.com/versusdebates

How did I know the subject of "goats" would bring out Phinnaeus Gage

[SgtSpike]

If you are switching to this because mining for Bitcoin is unprofitable, then you are only fooling yourself.

Scenario 1)
- You give $100 to the goat-needing families

Scenario 2)
- You mine 5 BTC for Coinbase, using $100 of electricity.
- Coinbase converts the BTC to USD.
- Coinbase sends $67.50 to the goat-needing families.

And no one sees the problem with this?

Now, if mining is still profitable for you, then all power to ya!  Just don't fool yourselves by thinking that this is a good idea if you can't already make money Bitcoin mining.

Also, Coinlab hasn't mentioned if 100% of the proceeds are indeed going to these needy families, or if they are taking a cut for "server" usage or something.  Would be nice if they put what percentage that cut is up front.

[mccorvic]

If you are switching to this because mining for Bitcoin is unprofitable, then you are only fooling yourself.

Scenario 1)
- You give $100 to the goat-needing families

Scenario 2)
- You mine 5 BTC for Coinbase, using $100 of electricity.
- Coinbase converts the BTC to USD.
- Coinbase sends $67.50 to the goat-needing families.

And no one sees the problem with this?

I guess people like this just because it's kinda novel and people like to feel they're helping directly.  This goes the same for real world donations.  Lots of people get excited about canned food drives when, in reality, it'd be much more economical and productive to just give straight up money to the donation center.

[CoinLab]

If you are switching to this because mining for Bitcoin is unprofitable, then you are only fooling yourself.

Scenario 1)
- You give $100 to the goat-needing families

Scenario 2)
- You mine 5 BTC for Coinbase, using $100 of electricity.
- Coinbase converts the BTC to USD.
- Coinbase sends $67.50 to the goat-needing families.

And no one sees the problem with this?

Now, if mining is still profitable for you, then all power to ya!  Just don't fool yourselves by thinking that this is a good idea if you can't already make money Bitcoin mining.

Also, Coinlab hasn't mentioned if 100% of the proceeds are indeed going to these needy families, or if they are taking a cut for "server" usage or something.  Would be nice if they put what percentage that cut is up front.

We are donating 100% PPS for all shares earned by people running the goat client.  So, no fee at all, we're actually taking a slight loss on this (due to orphaned blocks).  In addition, CoinLab is kicking this off by donating one full goat and our test-machine's 7970's hashing power.

This is mostly just a fun project for the holiday season while everyone is in the giving spirit.  (And to possibly introduce some people to the idea of Bitcoin mining who aren't familiar with it).

If you cant mine profitably anymore, we would love to hear that you're donating to Heifer directly: we're hoping this will both raise money for and awareness of their great organization.  Please feel free to post in this thread if you do!

[SgtSpike]

If you are switching to this because mining for Bitcoin is unprofitable, then you are only fooling yourself.

Scenario 1)
- You give $100 to the goat-needing families

Scenario 2)
- You mine 5 BTC for Coinbase, using $100 of electricity.
- Coinbase converts the BTC to USD.
- Coinbase sends $67.50 to the goat-needing families.

And no one sees the problem with this?

Now, if mining is still profitable for you, then all power to ya!  Just don't fool yourselves by thinking that this is a good idea if you can't already make money Bitcoin mining.

Also, Coinlab hasn't mentioned if 100% of the proceeds are indeed going to these needy families, or if they are taking a cut for "server" usage or something.  Would be nice if they put what percentage that cut is up front.

We are donating 100% PPS for all shares earned by people running the goat client.  So, no fee at all, we're actually taking a slight loss on this (due to orphaned blocks).  In addition, CoinLab is kicking this off by donating one full goat and our test-machine's 7970's hashing power.

This is mostly just a fun project for the holiday season while everyone is in the giving spirit.  (And to possibly introduce some people to the idea of Bitcoin mining who aren't familiar with it).

If you cant mine profitably anymore, we would love to hear that you're donating to Heifer directly: we're hoping this will both raise money for and awareness of their great organization.  Please feel free to post in this thread if you do!

Thanks for the response!  I am passing this along to family who might be interested in donating their GPU power... 

[Spekulatius]

Nice PR stunt.
Not trying to talk the effort down or anything, but if you really care for those people, you may wanna think of a way to generate goats once ASICs arrive.

Nice idea anyway!

P.S.: Has anyone told @Goat yet?

[Phinnaeus Gage]

If you are switching to this because mining for Bitcoin is unprofitable, then you are only fooling yourself.

Scenario 1)
- You give $100 to the goat-needing families

Scenario 2)
- You mine 5 BTC for Coinbase, using $100 of electricity.
- Coinbase converts the BTC to USD.
- Coinbase sends $67.50 to the goat-needing families.

And no one sees the problem with this?

Now, if mining is still profitable for you, then all power to ya!  Just don't fool yourselves by thinking that this is a good idea if you can't already make money Bitcoin mining.

Also, Coinlab hasn't mentioned if 100% of the proceeds are indeed going to these needy families, or if they are taking a cut for "server" usage or something.  Would be nice if they put what percentage that cut is up front.

Nice PR stunt.
Not trying to talk the effort down or anything, but if you really care for those people, you may wanna think of a way to generate goats once ASICs arrive.

Nice idea anyway!

P.S.: Has anyone told @Goat yet?

My two posts to date are not meant to derail this thread or diss the efforts put forward by CoinLabs. I quoted the above because I believe I have another solution regarding goats, but will start another thread to present the idea.

~Bruno K~

[BkkCoins]

Some of those orgs seem to be getting their goats through some middle men. 

[CoinLab]

Re: Phinneas's last post (not quoting because lots of images)

We've chosen to donate through Heifer International because of their great reputation, and are aware that they are other services which donate goats at a lower cost.  However, we trust that Heifer is spending the $120 per goat wisely: they include education on how to raise the goats and ongoing support to the families who receive them, which is likely why it costs them more than their "competitors". 

[misterbigg]

To be quite honest, I'm not sure if all this talk about giving goats / mining for goats is serious, or if it is satire.. WTF?!