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Author Topic: Simple argument for FPGA  (Read 2338 times)
Cluster2k
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July 15, 2013, 01:55:06 PM
 #21

Finally, BTC that you mine are 100% untraceable and anonymous. Its very hard to buy BTC anonymously these days in the USA.

New BTC are only anonymous if you cannot be linked in any way to a particular IP address when signing up for a pool account with an email address (another vector), logging in to check your mining stats, doing the mining or collecting the mining reward.  It can be done but it requires careful planning and no mistakes.  Solo mining when done right is safer but far more costly in terms of equipment required.
Altoidnerd (OP)
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July 15, 2013, 09:07:57 PM
 #22

Finally, BTC that you mine are 100% untraceable and anonymous. Its very hard to buy BTC anonymously these days in the USA.

New BTC are only anonymous if you cannot be linked in any way to a particular IP address when signing up for a pool account with an email address (another vector), logging in to check your mining stats, doing the mining or collecting the mining reward.  It can be done but it requires careful planning and no mistakes.  Solo mining when done right is safer but far more costly in terms of equipment required.

Is it possible to pass newly mined BTC through "anonymizer filter," a digital machine that perhaps breaks up the bitcoins into hundreds of branches, sends them all through several wallets and 2-3 days later they all return to your wallet through various channels?

Do you even mine?
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LeslieDilley
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July 18, 2013, 11:42:21 PM
 #23

'Freshly Minted' BTC (or even other Cryptocurrencies) might actually prove to be a way to get contemporary finance in the game.

If you remove the traceability of their assets, it might decreases their relative risk.

Thus - any mining might be greater than no mining.

Thus - mining with FPGAs, regardless of relative profitability to ASICs, might generate more value than input cost under the right market conditions.

-Johnny
www.americandatafarms.com
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