Bitcoin Forum
November 24, 2017, 05:39:06 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 1317 1318 1319 1320 1321 1322 1323 1324 1325 1326 1327 1328 1329 1330 1331 1332 1333 1334 1335 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 1350 1351 1352 1353 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 [1367] 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1411 1412 1413 1414 1415 1416 1417 ... 2138 »
  Print  
Author Topic: Swedish ASIC miner company kncminer.com  (Read 3013019 times)
CYPER
Hero Member
*****
Offline Offline

Activity: 714



View Profile
January 04, 2014, 04:17:06 PM
 #27321

Guys, I do not want to go and look at all these pages, but can someone explain to me why there is a Jupiter that hashes at +650GH/s and the other one only 500GH/s ? is it overclocking ? or the hardware is not the same ?

and what do you think a fear price would be if I can get hold of one now (in BTC terms )?

The FEAR price. Be afraid, be very afraid  Grin

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
1511545146
Hero Member
*
Offline Offline

Posts: 1511545146

View Profile Personal Message (Offline)

Ignore
1511545146
Reply with quote  #2

1511545146
Report to moderator
1511545146
Hero Member
*
Offline Offline

Posts: 1511545146

View Profile Personal Message (Offline)

Ignore
1511545146
Reply with quote  #2

1511545146
Report to moderator
1511545146
Hero Member
*
Offline Offline

Posts: 1511545146

View Profile Personal Message (Offline)

Ignore
1511545146
Reply with quote  #2

1511545146
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511545146
Hero Member
*
Offline Offline

Posts: 1511545146

View Profile Personal Message (Offline)

Ignore
1511545146
Reply with quote  #2

1511545146
Report to moderator
1511545146
Hero Member
*
Offline Offline

Posts: 1511545146

View Profile Personal Message (Offline)

Ignore
1511545146
Reply with quote  #2

1511545146
Report to moderator
1511545146
Hero Member
*
Offline Offline

Posts: 1511545146

View Profile Personal Message (Offline)

Ignore
1511545146
Reply with quote  #2

1511545146
Report to moderator
opentoe
Legendary
*
Offline Offline

Activity: 1218

Personal text my ass....


View Profile WWW
January 04, 2014, 05:46:35 PM
 #27322

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.


Need help with your Newznab usenet indexer? http://www.newznabforums.com
RickJamesBTC
Sr. Member
****
Offline Offline

Activity: 378


View Profile
January 04, 2014, 05:49:58 PM
 #27323

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.


No it really is. Your developer may have done that to lower costs, but a majority of construction will include 200 a service.
opentoe
Legendary
*
Offline Offline

Activity: 1218

Personal text my ass....


View Profile WWW
January 04, 2014, 05:55:37 PM
 #27324

W.r.t. Heat I had to share a hotel room with one of the nov boxes on to check it survived the flight. Fell asleep and woke up covered in sweat. I can't imagine what Cyphers house is like right now.

I also spent a night fixing dead boxes in the DC for the hosting on an occasion. October kit only, was a month or two back. In any case aside the monotonous hum. I had to take a break and grab water every hour. Even with aircon in the building it was hot hot hot.

24Kw in summer will just compound the heat...

EDIT: just saw what Bogart wrote as I posted. Most of the US households are not 240V and 200 Amps though.

Depends. That is actually the standard for single family dwellings and duplexes, since 1973. However, a lot of apartments now run 150 amp. 240v in is standard, to make it possible to run a dryer and a stove. A lot of mobile homes have a 100 amp service, and a few older aparments. The one I'm in is ten years old and an "economy" unit. (read low income housing). It's main is 125 amps/240v. That's kind of weird, actually, but I've seen it before. 150 is much more common in apartments built in the last thirty years, 100 before that. Most houses, unless really old or in the People's Republic of Pennsylvania, are 200amp/240v.

I should also note that upgrading a single family dwelling to a 300 amp service is easy and relatively cheap. By comparison to the price of your mining machines, it's damn near free. All told, if you do the work yourself, probably less than 500 dollars including inspection fees and the upgraded meter fee. Adding circuits can be difficult if you want to keep them concealed in walls, but if you were powering a shed or something like that, just run a line in a 24" to 36" trench to the shed and leave the inside wiring exposed. There's no added danger from this, and if you have neat hands it looks cool. It's also easy to just run a second line of service to an outbuilding.

The theory behind electrical load calculations and such is complicated and scary if you aren't an electrician or a mathematician. The actual mechanics of it are simple as hell.

I don't really think it is cheap. If you are all wired for 100 amps / 110v and want to switch or upgrade to 200+ amp and 240v then even your wires in the walls should be changed over to accommodate  and that is very expensive to do. Even though I have Central AC I did install a large 24BTU AC unit in one of my windows for extra cooling and have to take two breakers to make a 240v plug for it. That work itself, if I didn't do it myself would of cost me $300. And that was for just wiring one outlet not replacing anything at the panel. Maybe it is different in the more rural areas in the US. I don't know what other homes have, but as I said before my home is only about 10 years old or so and only has 100 amp panel.

Need help with your Newznab usenet indexer? http://www.newznabforums.com
opentoe
Legendary
*
Offline Offline

Activity: 1218

Personal text my ass....


View Profile WWW
January 04, 2014, 05:56:50 PM
 #27325

Where can I sign up for new newsletters?

I got the original upgrade modules email, never got Neptune even for existing customers,  never got this supposed new one.

Still furious about their disregard for pre existing customers. And now I can't even get damn updates.

I have always received their newsletters also...but did not on the last one. I checked my account and I'm on their email list. So their systems never sent out an email. Have to keep checking the site apparently.


Need help with your Newznab usenet indexer? http://www.newznabforums.com
RickJamesBTC
Sr. Member
****
Offline Offline

Activity: 378


View Profile
January 04, 2014, 06:02:35 PM
 #27326

W.r.t. Heat I had to share a hotel room with one of the nov boxes on to check it survived the flight. Fell asleep and woke up covered in sweat. I can't imagine what Cyphers house is like right now.

I also spent a night fixing dead boxes in the DC for the hosting on an occasion. October kit only, was a month or two back. In any case aside the monotonous hum. I had to take a break and grab water every hour. Even with aircon in the building it was hot hot hot.

24Kw in summer will just compound the heat...

EDIT: just saw what Bogart wrote as I posted. Most of the US households are not 240V and 200 Amps though.

Depends. That is actually the standard for single family dwellings and duplexes, since 1973. However, a lot of apartments now run 150 amp. 240v in is standard, to make it possible to run a dryer and a stove. A lot of mobile homes have a 100 amp service, and a few older aparments. The one I'm in is ten years old and an "economy" unit. (read low income housing). It's main is 125 amps/240v. That's kind of weird, actually, but I've seen it before. 150 is much more common in apartments built in the last thirty years, 100 before that. Most houses, unless really old or in the People's Republic of Pennsylvania, are 200amp/240v.

I should also note that upgrading a single family dwelling to a 300 amp service is easy and relatively cheap. By comparison to the price of your mining machines, it's damn near free. All told, if you do the work yourself, probably less than 500 dollars including inspection fees and the upgraded meter fee. Adding circuits can be difficult if you want to keep them concealed in walls, but if you were powering a shed or something like that, just run a line in a 24" to 36" trench to the shed and leave the inside wiring exposed. There's no added danger from this, and if you have neat hands it looks cool. It's also easy to just run a second line of service to an outbuilding.

The theory behind electrical load calculations and such is complicated and scary if you aren't an electrician or a mathematician. The actual mechanics of it are simple as hell.

I don't really think it is cheap. If you are all wired for 100 amps / 110v and want to switch or upgrade to 200+ amp and 240v then even your wires in the walls should be changed over to accommodate  and that is very expensive to do. Even though I have Central AC I did install a large 24BTU AC unit in one of my windows for extra cooling and have to take two breakers to make a 240v plug for it. That work itself, if I didn't do it myself would of cost me $300. And that was for just wiring one outlet not replacing anything at the panel. Maybe it is different in the more rural areas in the US. I don't know what other homes have, but as I said before my home is only about 10 years old or so and only has 100 amp panel.
Yes, switching is expensive so they usually install the larger service drop and panel from the beginning. If you don't know about other houses, why would you think that your experience dictates the norm. Most have a larger panel, I do know about it.
mmitech
Legendary
*
Offline Offline

Activity: 1106


things you own end up owning you


View Profile
January 04, 2014, 06:03:11 PM
 #27327

Guys, I do not want to go and look at all these pages, but can someone explain to me why there is a Jupiter that hashes at +650GH/s and the other one only 500GH/s ? is it overclocking ? or the hardware is not the same ?

and what do you think a fear price would be if I can get hold of one now (in BTC terms )?

The FEAR price. Be afraid, be very afraid  Grin

 Cheesy corrected Wink
opentoe
Legendary
*
Offline Offline

Activity: 1218

Personal text my ass....


View Profile WWW
January 04, 2014, 06:07:56 PM
 #27328

Here's a blatant divergence from the thread.  What the author describes should be good for Bitcoin however.  He get annoyed at Happy New Years wishes and decries disasters that might befall the world and the US in the coming year.  When he gets to the US economy he postulates:

"  But even sooner than a nuclear disaster, we may be facing an even more critical economic disaster -- the catastrophic loss of the dollar’s unique position as the international reserve currency. This is imminent, according to leading economic and political analysts, and would trigger a total collapse of the U.S. banking system, generating explosive financial panic as we are subjected – not only to massive inflation – but also the immediate seizure by failing banks of all our deposits: checking accounts, savings accounts, Certificates of Deposit (CDs), money market funds, pensions, and any other liquid assets. Can failing banks really seize our money “just like that”? Yep, just like that. It is perfectly legal; the enabling “bail-in” laws have already been put on the books in the U.S. and Europe (did you sleep through that?).

 

And don’t think the FDIC  will protect your deposits up to the $250,000 limit promised by this agency. For when the failing banks seize your deposits, they will convert your money into stock in their failed institutions, rendering you “legally compensated” for your loss, and therefore not entitled to reimbursement  by the FDIC. Not that it will matter because, by that time, the FDIC will be bankrupt, since it has reserves of only $25 billion, whereas the seized deposits requiring compensation would likely exceed $25 trillion. And even if the FDIC could lay its hands on $25 trillion (fat chance, since this is nearly twice the entire Gross Domestic Product of the United States), another statute now  on the books, namely the Bankruptcy Reform Act of 2005, which was arm-twisted into law by Citigroup, JP Morgan, Chase,  Wells Fargo and the rest of the usual suspects (bet you slept through that, too), compels the FDIC to give preference to derivatives counter-parties over mere depositors like yourself, whose claims for reimbursement could exceed $600 trillion – or more than the GDP of the entire world economy. "



And this is why I constantly cash my money out of my accounts and then trade that money for gold. Put the gold into a safe in my home that isn't going anywhere. I'd rather have gold any day over real money. Let the US banks fall and crash. This country really needs a good restart. It is the banking industry that is killing this country to being with. They'll stop at nothing to keep their profits high and when they start losing just a little bit or make a little less profit they go crying like babies and threaten the people with dooms day bullshit. This country unfortunately is ran by greed, not capitalism. But then again, both are the same.

I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley


Need help with your Newznab usenet indexer? http://www.newznabforums.com
Bitcoinorama
Hero Member
*****
Offline Offline

Activity: 532



View Profile
January 04, 2014, 07:19:33 PM
 #27329


I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley



Wha..? How hairy are you??!! Tongue

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
joeventura
Hero Member
*****
Offline Offline

Activity: 714



View Profile
January 04, 2014, 07:30:56 PM
 #27330


I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley



Wha..? How hairy are you??!! Tongue


BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
Phoenix1969
Legendary
*
Offline Offline

Activity: 938


LIR DEV


View Profile
January 04, 2014, 07:48:05 PM
 #27331

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.


200 amp service in Hawaii is by request, (very popular), but not standard... and costs nothing extra if done at the time of original installation.
almost all commercial installs are 200 amp, and maybe 10% of residents....
all you should need to convert/upgrade is another box installed(service panel), and your electric company to install a transformer on your pole.(1 call)
(providing your electrical contractor didn't skimp on the service wire)
it costed me 120 dollars to go from 100 to 200 amp service, installing the panel myself.

... and I also have the option of installing multiple service lines.


                     ▀▀█████████▀████████████████▄
                        ████▄      ▄████████████████
                     ▄██████▀  ▄  ███████████████████
                  ▄█████████▄████▄███████████████████
                ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████
                                               ▀▀███▀
    ▄█▀█       ▄▀  ▄▀▀█  ▄▀   █████████████████▄ ██▀         ▄▀█
   ▄█ ▄▀      ▀█▀ █▀ █▀ ▀█▀  ███████████████████ █▀ ▀▀      ▄▀▄▀
  ▄█    ▄███  █     █   █   ████████████████████  ▄█     ▄▀▀██▀ ▄███
███▄▄▄  █▄▄▄ █▄▄ ▄▄▀   █▄▄ ██████████████████▀▀   █▄▄ ▄▄ █▄▄█▄▄▄█▄▄▄
                           ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
                            ▀▀█████████████▄
                                █████████████▄
                                  █████████████▄
                                    ▀███████▀▀▀▀▀
                                      ▀████▀
                                        ▀█▀
LetItRide
                        ▄███████████▄
                       ██  ██████████▄
                     ▄█████████████  ██▄
            ▄▄▀█▄▄▄▄▄████████████████████▄
        ▄▄█▀   ███████████  █████  ████  █
    ▄██████ ▄▄███████████████████████████▀
 ▄▀▀ ██████████████████████████  ████  █
█  ▄███████████▀▀▀█████████████████████
██████████████    ████████▀▀██████  █▀
██████████████▄▄▄██████████   ▀▀▀▀▀▀▀
███▀ ▀██████████████████████
██    ███████████████████████
██▄▄██████████████████████████
██████████████▀   ██████████
  █████████████   ▄██████▀▀
     ▀▀██████████████▀▀
         ▀▀██████▀▀
[BTC]▄█████████████▀ ▄█
██            ▄█▀
██          ▄██ ▄█
██ ▄█▄    ▄███  ██
██ ▀███▄ ▄███   ██
██  ▀███████    ██
██    █████     ██
██     ███      ██
██      ▀       ██
██              ██
▀████████████████▀
RickJamesBTC
Sr. Member
****
Offline Offline

Activity: 378


View Profile
January 04, 2014, 07:53:46 PM
 #27332

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.


200 amp service in Hawaii is by request, (very popular), but not standard... and costs nothing extra if done at the time of original installation.
almost all commercial installs are 200 amp, and maybe 10% of residents....

You guys don't have a lot of electric heating though Tongue  I miss Hawaii, it is ~30 degrees here.
Phoenix1969
Legendary
*
Offline Offline

Activity: 938


LIR DEV


View Profile
January 04, 2014, 07:57:35 PM
 #27333

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.


200 amp service in Hawaii is by request, (very popular), but not standard... and costs nothing extra if done at the time of original installation.
almost all commercial installs are 200 amp, and maybe 10% of residents....

You guys don't have a lot of electric heating though Tongue  I miss Hawaii, it is ~30 degrees here.
Electric runs your fan, but usually mainland folks heat primarily with K-1 and CNG;
Electric heaters are so wasteful! Get rid!
also...  air conditioning typically costs more than heat...  
and @ 43 cents a kilowatthour......

P.S.   lovin winter here....   60-65 degrees at my house pretty much all winter (I live @ 3000ft elev)
if I were "in town", by the ocean, it would be much different.....75-85 every single day...sometimes higher
I actually see low to mid 50's at night here sometimes.


                     ▀▀█████████▀████████████████▄
                        ████▄      ▄████████████████
                     ▄██████▀  ▄  ███████████████████
                  ▄█████████▄████▄███████████████████
                ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████
                                               ▀▀███▀
    ▄█▀█       ▄▀  ▄▀▀█  ▄▀   █████████████████▄ ██▀         ▄▀█
   ▄█ ▄▀      ▀█▀ █▀ █▀ ▀█▀  ███████████████████ █▀ ▀▀      ▄▀▄▀
  ▄█    ▄███  █     █   █   ████████████████████  ▄█     ▄▀▀██▀ ▄███
███▄▄▄  █▄▄▄ █▄▄ ▄▄▀   █▄▄ ██████████████████▀▀   █▄▄ ▄▄ █▄▄█▄▄▄█▄▄▄
                           ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
                            ▀▀█████████████▄
                                █████████████▄
                                  █████████████▄
                                    ▀███████▀▀▀▀▀
                                      ▀████▀
                                        ▀█▀
LetItRide
                        ▄███████████▄
                       ██  ██████████▄
                     ▄█████████████  ██▄
            ▄▄▀█▄▄▄▄▄████████████████████▄
        ▄▄█▀   ███████████  █████  ████  █
    ▄██████ ▄▄███████████████████████████▀
 ▄▀▀ ██████████████████████████  ████  █
█  ▄███████████▀▀▀█████████████████████
██████████████    ████████▀▀██████  █▀
██████████████▄▄▄██████████   ▀▀▀▀▀▀▀
███▀ ▀██████████████████████
██    ███████████████████████
██▄▄██████████████████████████
██████████████▀   ██████████
  █████████████   ▄██████▀▀
     ▀▀██████████████▀▀
         ▀▀██████▀▀
[BTC]▄█████████████▀ ▄█
██            ▄█▀
██          ▄██ ▄█
██ ▄█▄    ▄███  ██
██ ▀███▄ ▄███   ██
██  ▀███████    ██
██    █████     ██
██     ███      ██
██      ▀       ██
██              ██
▀████████████████▀
Ridicuss
Sr. Member
****
Offline Offline

Activity: 336



View Profile
January 04, 2014, 08:02:35 PM
 #27334

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.


200 amp service in Hawaii is by request, (very popular), but not standard... and costs nothing extra if done at the time of original installation.
almost all commercial installs are 200 amp, and maybe 10% of residents....

You guys don't have a lot of electric heating though Tongue  I miss Hawaii, it is ~30 degrees here.
air conditioning typically costs more than heat...   electric runs your fan, but usually mainland folks heat primarily with K-1 and CNG;)
and @ 43 cents a kilowatthour......

Guess I got lucky. Small house 1200 Sqft. 200 amp service with 20, 30 , and 50 amp breakers in it.  Now if my electricity was a little cheaper I would be set. Sorry, I guess I could not help but feed the semi OT.

Man, I wish I could change my avatar!
Phoenix1969
Legendary
*
Offline Offline

Activity: 938


LIR DEV


View Profile
January 04, 2014, 08:11:19 PM
 #27335

changing to 200 amp service actually LOWERED my bill as well.
I was popping breakers left & right before that
Guess my old stuff was taxed harder than I thought


                     ▀▀█████████▀████████████████▄
                        ████▄      ▄████████████████
                     ▄██████▀  ▄  ███████████████████
                  ▄█████████▄████▄███████████████████
                ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████
                                               ▀▀███▀
    ▄█▀█       ▄▀  ▄▀▀█  ▄▀   █████████████████▄ ██▀         ▄▀█
   ▄█ ▄▀      ▀█▀ █▀ █▀ ▀█▀  ███████████████████ █▀ ▀▀      ▄▀▄▀
  ▄█    ▄███  █     █   █   ████████████████████  ▄█     ▄▀▀██▀ ▄███
███▄▄▄  █▄▄▄ █▄▄ ▄▄▀   █▄▄ ██████████████████▀▀   █▄▄ ▄▄ █▄▄█▄▄▄█▄▄▄
                           ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
                            ▀▀█████████████▄
                                █████████████▄
                                  █████████████▄
                                    ▀███████▀▀▀▀▀
                                      ▀████▀
                                        ▀█▀
LetItRide
                        ▄███████████▄
                       ██  ██████████▄
                     ▄█████████████  ██▄
            ▄▄▀█▄▄▄▄▄████████████████████▄
        ▄▄█▀   ███████████  █████  ████  █
    ▄██████ ▄▄███████████████████████████▀
 ▄▀▀ ██████████████████████████  ████  █
█  ▄███████████▀▀▀█████████████████████
██████████████    ████████▀▀██████  █▀
██████████████▄▄▄██████████   ▀▀▀▀▀▀▀
███▀ ▀██████████████████████
██    ███████████████████████
██▄▄██████████████████████████
██████████████▀   ██████████
  █████████████   ▄██████▀▀
     ▀▀██████████████▀▀
         ▀▀██████▀▀
[BTC]▄█████████████▀ ▄█
██            ▄█▀
██          ▄██ ▄█
██ ▄█▄    ▄███  ██
██ ▀███▄ ▄███   ██
██  ▀███████    ██
██    █████     ██
██     ███      ██
██      ▀       ██
██              ██
▀████████████████▀
sbfree
Sr. Member
****
Offline Offline

Activity: 336



View Profile
January 04, 2014, 09:22:21 PM
 #27336


I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley



Wha..? How hairy are you??!! Tongue


I prefer my Norelco 45...hahaha
vesperwillow
Hero Member
*****
Offline Offline

Activity: 616


View Profile
January 04, 2014, 09:28:04 PM
 #27337

I wish I could switch to 240 haha..

Ah well, scryptmining alone pays the bill, so I'm happy

RickJamesBTC
Sr. Member
****
Offline Offline

Activity: 378


View Profile
January 04, 2014, 09:30:47 PM
 #27338

I wish I could switch to 240 haha..

Ah well, scryptmining alone pays the bill, so I'm happy

How bad is your power situation? Get a new drop installed with a better panel.
soy
Legendary
*
Offline Offline

Activity: 1148


Crypterium - Digital Mobile Cryptobank For Everyon


View Profile
January 04, 2014, 09:44:10 PM
 #27339

Here's a blatant divergence from the thread.  What the author describes should be good for Bitcoin however.  He get annoyed at Happy New Years wishes and decries disasters that might befall the world and the US in the coming year.  When he gets to the US economy he postulates:

"  But even sooner than a nuclear disaster, we may be facing an even more critical economic disaster -- the catastrophic loss of the dollar’s unique position as the international reserve currency. This is imminent, according to leading economic and political analysts, and would trigger a total collapse of the U.S. banking system, generating explosive financial panic as we are subjected – not only to massive inflation – but also the immediate seizure by failing banks of all our deposits: checking accounts, savings accounts, Certificates of Deposit (CDs), money market funds, pensions, and any other liquid assets. Can failing banks really seize our money “just like that”? Yep, just like that. It is perfectly legal; the enabling “bail-in” laws have already been put on the books in the U.S. and Europe (did you sleep through that?).

 

And don’t think the FDIC  will protect your deposits up to the $250,000 limit promised by this agency. For when the failing banks seize your deposits, they will convert your money into stock in their failed institutions, rendering you “legally compensated” for your loss, and therefore not entitled to reimbursement  by the FDIC. Not that it will matter because, by that time, the FDIC will be bankrupt, since it has reserves of only $25 billion, whereas the seized deposits requiring compensation would likely exceed $25 trillion. And even if the FDIC could lay its hands on $25 trillion (fat chance, since this is nearly twice the entire Gross Domestic Product of the United States), another statute now  on the books, namely the Bankruptcy Reform Act of 2005, which was arm-twisted into law by Citigroup, JP Morgan, Chase,  Wells Fargo and the rest of the usual suspects (bet you slept through that, too), compels the FDIC to give preference to derivatives counter-parties over mere depositors like yourself, whose claims for reimbursement could exceed $600 trillion – or more than the GDP of the entire world economy. "



And this is why I constantly cash my money out of my accounts and then trade that money for gold. Put the gold into a safe in my home that isn't going anywhere. I'd rather have gold any day over real money. Let the US banks fall and crash. This country really needs a good restart. It is the banking industry that is killing this country to being with. They'll stop at nothing to keep their profits high and when they start losing just a little bit or make a little less profit they go crying like babies and threaten the people with dooms day bullshit. This country unfortunately is ran by greed, not capitalism. But then again, both are the same.

I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley



Type a lot on those old machines do ya?



░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀


░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀

▀  Twitter
▀  Telegram
▀  Facebook
▀  ANN Thread
▀  Whitepaper
▀  Website
soy
Legendary
*
Offline Offline

Activity: 1148


Crypterium - Digital Mobile Cryptobank For Everyon


View Profile
January 04, 2014, 09:45:48 PM
 #27340

Here's a blatant divergence from the thread.  What the author describes should be good for Bitcoin however.  He get annoyed at Happy New Years wishes and decries disasters that might befall the world and the US in the coming year.  When he gets to the US economy he postulates:

"  But even sooner than a nuclear disaster, we may be facing an even more critical economic disaster -- the catastrophic loss of the dollar’s unique position as the international reserve currency. This is imminent, according to leading economic and political analysts, and would trigger a total collapse of the U.S. banking system, generating explosive financial panic as we are subjected – not only to massive inflation – but also the immediate seizure by failing banks of all our deposits: checking accounts, savings accounts, Certificates of Deposit (CDs), money market funds, pensions, and any other liquid assets. Can failing banks really seize our money “just like that”? Yep, just like that. It is perfectly legal; the enabling “bail-in” laws have already been put on the books in the U.S. and Europe (did you sleep through that?).

 

And don’t think the FDIC  will protect your deposits up to the $250,000 limit promised by this agency. For when the failing banks seize your deposits, they will convert your money into stock in their failed institutions, rendering you “legally compensated” for your loss, and therefore not entitled to reimbursement  by the FDIC. Not that it will matter because, by that time, the FDIC will be bankrupt, since it has reserves of only $25 billion, whereas the seized deposits requiring compensation would likely exceed $25 trillion. And even if the FDIC could lay its hands on $25 trillion (fat chance, since this is nearly twice the entire Gross Domestic Product of the United States), another statute now  on the books, namely the Bankruptcy Reform Act of 2005, which was arm-twisted into law by Citigroup, JP Morgan, Chase,  Wells Fargo and the rest of the usual suspects (bet you slept through that, too), compels the FDIC to give preference to derivatives counter-parties over mere depositors like yourself, whose claims for reimbursement could exceed $600 trillion – or more than the GDP of the entire world economy. "



And this is why I constantly cash my money out of my accounts and then trade that money for gold. Put the gold into a safe in my home that isn't going anywhere. I'd rather have gold any day over real money. Let the US banks fall and crash. This country really needs a good restart. It is the banking industry that is killing this country to being with. They'll stop at nothing to keep their profits high and when they start losing just a little bit or make a little less profit they go crying like babies and threaten the people with dooms day bullshit. This country unfortunately is ran by greed, not capitalism. But then again, both are the same.

I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley



If the entire economy goes belly up I'm not sure what would have more value down here in the deep south, gold or $20 rolls of quarters.



░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀


░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀

▀  Twitter
▀  Telegram
▀  Facebook
▀  ANN Thread
▀  Whitepaper
▀  Website
Pages: « 1 ... 1317 1318 1319 1320 1321 1322 1323 1324 1325 1326 1327 1328 1329 1330 1331 1332 1333 1334 1335 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 1350 1351 1352 1353 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 [1367] 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1411 1412 1413 1414 1415 1416 1417 ... 2138 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!