|
Shevek
|
 |
May 06, 2013, 04:06:43 PM |
|
These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.
That isn't really something miners can dictate. Mi bedaŭras memvola, sed vole aŭ nevole ministoj havas la povon ;-) It the miners with the highest part of HR don't switch, the blockchain will fork, with the SHA256 blocks as the main ones, and the others simply orphaned. |
Proposals for improving bitcoin are like asses: everybody has one
1SheveKuPHpzpLqSvPSavik9wnC51voBa
|
|
|
|
|
|
|
|
|
|
|
|
According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
turtle83
|
|
May 06, 2013, 04:11:39 PM |
|
These "people that invested too much in Application Specific Integrated Circuits for Sha-256" will have the biggest part of hashrate. They simply don't let change the algorithm.
That isn't really something miners can dictate. Mi bedaŭras memvola, sed vole aŭ nevole ministoj havas la povon ;-) It the miners with the highest part of HR don't switch, the blockchain will fork, with the SHA256 blocks as the main ones, and the others simply orphaned. NO. Its upto each client installation to decide what block they will use and validate. If bitcoin issues a new client with new algo going forward, the fork used by most users (especially exchanges and traders) would be the prevailing one. |
|
|
|
tigerfree
Legendary
 Offline
Activity: 1015
Merit: 1000
|
|
May 06, 2013, 04:17:07 PM |
|
friedcat he should lower his price a little bit.
|
|
|
|
|
augustocroppo
VIP
Hero Member
Offline
Activity: 756
Merit: 503
|
|
May 06, 2013, 04:22:55 PM |
|
|
|
|
|
|
|
sunblaster
|
|
May 06, 2013, 04:33:33 PM |
|
friedcat he should lower his price a little bit.
If by little bit you mean 75% less then yeah lets get a lower quote. |
|
|
|
|
|
|
friedcat (OP)
Donator
Legendary
Offline
Activity: 848
Merit: 1005
|
|
May 06, 2013, 05:10:52 PM |
|
UpdateThis is a picture showing the relative size to the laptop. One with heatsink and one without.  We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable. 
|
|
|
|
arklan
Legendary
Offline
Activity: 1778
Merit: 1008
|
|
May 06, 2013, 05:14:55 PM |
|
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?
|
i don't post much, but this space for rent.
|
|
|
friedcat (OP)
Donator
Legendary
Offline
Activity: 848
Merit: 1005
|
|
May 06, 2013, 05:18:03 PM |
|
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?
The heatsink costs $0.1 or so and mitigates the temperature from the hashing IC. The IC works fine on high temperature but it may hurt the fingers if accidentally touched at its back. |
|
|
|
Transisto
Donator
Legendary
Offline
Activity: 1731
Merit: 1008
|
|
May 06, 2013, 05:24:47 PM |
|
I would put a 80mm fan on top of this.  5$ (power supply not included) |
|
|
|
|
arklan
Legendary
Offline
Activity: 1778
Merit: 1008
|
|
May 06, 2013, 05:25:29 PM |
|
wait - so, if they'll run without the heatsinks, why did you make/order heatsinks that we now have to pay for?
The heatsink costs $0.1 or so and mitigates the temperature from the hashing IC. The IC works fine on high temperature but it may hurt the fingers if accidentally touched at its back. ...well. alright then. i'll just... be over here. quietly. *feels dumb* |
i don't post much, but this space for rent.
|
|
|
|
wormbog
|
|
May 06, 2013, 05:26:04 PM |
|
They look great! And what a cool way to introduce friends to bitcoin by letting them participate in mining. That's what hooked me in the first place.
I'll buy a bunch of these if/when the price comes down to 400-500 mbtc.
|
|
|
|
|
Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
|
|
May 06, 2013, 05:27:27 PM |
|
5$ (power supply not included) Yeah man, 10 of these USB is 20BTC or $2.4K at current exchange rate. A bargain indeed. This could make sense as a present, or as a funny toy... I really love the gadget itself. But come on, running ten of them, knowing they will never ROI... Why? What's the purpose? |
|
|
|
dvdrewritable
Member
Offline
Activity: 280
Merit: 13
|
|
May 06, 2013, 05:29:03 PM |
|
Yes I hold stock and will also be buying these. why buy GPUs when we can get this? Also I do not have much trust in BFL. well nobody is buying GPU to mine bitcoin as it is not economical these days. The same thing applies to this - does not matter that it's more efficient, or that there is currently no better competition shipping, you will still not see a return; and if ultimately you are losing money- where is the sense? When this was announced, there was a huge amount of interest, everyone and their dog wanted one.. at this price, much smaller percentage are willing to be milked |
|
|
|
Transisto
Donator
Legendary
Offline
Activity: 1731
Merit: 1008
|
|
May 06, 2013, 05:31:09 PM |
|
no reserve auction !
Onward... with Terahashes ...
|
|
|
|
|
Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
|
|
May 06, 2013, 05:35:32 PM |
|
Yeah man, 10 of these USB is 20BTC or $2.4K at current exchange rate. A bargain indeed.
This could make sense as a present, or as a funny toy... I really love the gadget itself. But come on, running ten of them, knowing they will never ROI... Why? What's the purpose?
Have them mine while we find the right price... I'm tired of hearing about this, I call for a no reserve auction NOW !!!I'm just saying that I think it's pointless to have 10 of these guys mining because of their price per MH/s. I think we all agree that these are not intended to be a mining investment, but a cool toy - I think even friedcat agrees on that by how he presented the product in the OP. Thus, I can understand buying some of these as a curiosity, as a gift, etc. etc. etc... But to run them in a "semi-pro" way in a big USB hub is pointless IMHO, who is really going to do that? Frankly: are you? |
|
|
|
rammy2k2
Legendary
Offline
Activity: 1974
Merit: 1003
|
|
May 06, 2013, 05:46:32 PM |
|
as far as i see, there is no intention from sellers to lower price ... so i guess everybody who say ill buy 10 when price will get lower should rethink their plans  |
|
|
|
|
|
wormbog
|
|
May 06, 2013, 05:55:08 PM |
|
as far as i see, there is no intention from sellers to lower price ... so i guess everybody who say ill buy 10 when price will get lower should rethink their plans The plan is to wait until competing products drive the price down. It will happen eventually. |
|
|
|
|
tigerfree
Legendary
Offline
Activity: 1015
Merit: 1000
|
|
May 06, 2013, 06:00:25 PM |
|
as far as i see, there is no intention from sellers to lower price ... so i guess everybody who say ill buy 10 when price will get lower should rethink their plans The plan is to wait until competing products drive the price down. It will happen eventually. +1 |
|
|
|
|
batcoin
Full Member
Offline
Activity: 238
Merit: 100
In Gord We Trust
|
|
May 06, 2013, 07:30:47 PM |
|
I am curious how the individual units in the bulk 300 order will be packaged.
|
If you have more than 0.01BTC and complain about early adopters, please consider donating to this address: 1P11Dz4mhDcJvetHqEJu35KNEVqSRmqo3b
General Tips: 1P4YfrYwQKKtfwszzb2aHgLVLiWQCrJfwi
|
|
|
|
