evoorhees (OP)
Legendary
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Activity: 1008
Merit: 1023
Democracy is the original 51% attack
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December 20, 2012, 06:10:44 PM |
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btcinstant
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December 20, 2012, 06:11:26 PM |
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I saw that just amazing! haha.
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luv2drnkbr
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December 20, 2012, 06:31:54 PM |
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Can I do this with BOINC?
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laughingbear
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December 20, 2012, 06:39:04 PM Last edit: December 20, 2012, 07:07:52 PM by laughingbear |
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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.
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CoinLab
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December 20, 2012, 07:08:15 PM |
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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.
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niko
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December 20, 2012, 07:14:15 PM |
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Time to start mining again, on one 5830 I saved from the old days.
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They're there, in their room. Your mining rig is on fire, yet you're very calm.
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laughingbear
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December 20, 2012, 07:18:24 PM |
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please release this as open source
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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December 20, 2012, 07:21:46 PM |
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I ask again please give me an option to short sell this company.
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Phinnaeus Gage
Legendary
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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December 20, 2012, 08:20:28 PM |
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bbit
Legendary
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Activity: 1330
Merit: 1000
Bitcoin
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December 20, 2012, 08:21:13 PM |
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How did I know the subject of "goats" would bring out Phinnaeus Gage
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SgtSpike
Legendary
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Activity: 1400
Merit: 1005
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December 20, 2012, 11:28:09 PM |
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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.
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mccorvic
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December 20, 2012, 11:30:07 PM |
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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.
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CoinLab
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December 21, 2012, 12:08:20 AM |
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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!
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SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
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December 21, 2012, 12:13:12 AM |
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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...
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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December 21, 2012, 12:26:45 AM |
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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?
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Phinnaeus Gage
Legendary
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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December 21, 2012, 12:33:41 AM |
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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~
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BkkCoins
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December 21, 2012, 01:14:43 AM |
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Some of those orgs seem to be getting their goats through some middle men.
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CoinLab
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December 21, 2012, 01:20:43 AM |
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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".
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misterbigg
Legendary
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Activity: 1064
Merit: 1001
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December 21, 2012, 02:30:19 AM |
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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?!
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