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727miner
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April 29, 2015, 06:05:07 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. I believe that without few thousands of miners, bitcoin will wither and die as majors (Bitfury, KnC, Bitmain and Spond/BTCS) will be starved of transactions to process. Seriously, is there a coin that cannot be ASIC-mined AT ALL? How about BURST...mine with HDD capacity. |
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philipma1957
Legendary
 Online
Activity: 4158
Merit: 8042
'The right to privacy matters'
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April 29, 2015, 07:10:19 PM
Last edit: April 29, 2015, 07:25:48 PM by philipma1957 |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. I believe that without few thousands of miners, bitcoin will wither and die as majors (Bitfury, KnC, Bitmain and Spond/BTCS) will be starved of transactions to process. Seriously, is there a coin that cannot be ASIC-mined AT ALL? How about BURST...mine with HDD capacity. Do you currently mine with burst? I would like to try this as I have a lot of hdds. 30tb I was not able to get it running last time I tried. |
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727miner
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April 29, 2015, 07:22:02 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. I believe that without few thousands of miners, bitcoin will wither and die as majors (Bitfury, KnC, Bitmain and Spond/BTCS) will be starved of transactions to process. Seriously, is there a coin that cannot be ASIC-mined AT ALL? How about BURST...mine with HDD capacity. Do you currently mine with burst? I would like to try this as I have a lot of hdds . I was not able to get it running last time I tried. I do, I have about 18TB of old drives that I use right now. It wasn't too bad to setup, the time consuming piece is plotting your drives (can take all day for 1 drive). It doesn't make much money but I'm not really into it for that, more to tinker with and I think the coin has some potential. It has a good active community as well. |
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mavericklm
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April 30, 2015, 08:59:08 PM |
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help! fucked up my sp30! a bit  http://start.spondoolies-tech.com/ shows: SP30 xxxxxxxxxx 192.168.1.5 2.6.14 Online 20:33:13 30/4/2015 Go to miner it was dhcp enabled, i disabled and put 192.168.1.5 and now i can't access it! i did not set anything else besides the ip! it's hashing but i can't get into webguy.... |
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notlist3d
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Activity: 1456
Merit: 1000
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April 30, 2015, 09:19:09 PM |
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help! fucked up my sp30! a bit http://start.spondoolies-tech.com/ shows: SP30 xxxxxxxxxx 192.168.1.5 2.6.14 Online 20:33:13 30/4/2015 Go to miner it was dhcp enabled, i disabled and put 192.168.1.5 and now i can't access it! i did not set anything else besides the ip! it's hashing but i can't get into webguy.... Worst comes to worst you can recover it with a SD card. Did you set subnet or gateway? Unless it filled in in automatically you most likely needed those aswell. |
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mavericklm
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April 30, 2015, 09:21:37 PM |
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i think there is a conflict with the pc! pull the cable on the pc and i can get into the miner!  |
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notlist3d
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Activity: 1456
Merit: 1000
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April 30, 2015, 09:24:43 PM |
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i think there is a conflict with the pc! pull the cable on the pc and i can get into the miner! You might try to set static IP on pc and see what happens. If it is somehow getting the same IP changing it to static, or getting a new ip through ipconfig might work. I'm glad you go to the machine though. |
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mavericklm
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April 30, 2015, 09:29:40 PM |
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done! the pc always wanted 192.168.1.5 now he got it what i did: pulled the cable from pc, went to miner with my mobile phone and changed the ip! thank you for the help! weird part was seeing the sp30 in the sptech page and the pc in the router interface  both sharing the same ip |
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notlist3d
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Activity: 1456
Merit: 1000
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May 01, 2015, 06:01:08 AM |
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Thanks for posting. I was sad I could not make it to the conference. This was the main panel I was really wanting to hear. |
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dogie
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Activity: 1666
Merit: 1183
dogiecoin.com
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May 01, 2015, 09:56:17 AM |
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That requires the assumption that all hardware in there is newest gen. They were a large consumer of the SP3x gen and I can't really see them turning what they already have off any time soon. So new gen may have better efficiency but at a facility level average it appears higher. |
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dogie
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Activity: 1666
Merit: 1183
dogiecoin.com
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May 01, 2015, 09:58:25 AM |
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My only hope now is that guy. Yeah we will need bitmaintech to sell to the general public. If we want to mine in house. Jihan Wu (BitMain CEO) was also on the panel, he also indicated that it was much more efficient to simply keep the miners in China and mine there, however I believe they will continue to sell to the public... Edit: Guy also speculated that the only thing 21 Inc. could have raised so much capital for was home mining equipment, most likely integrated into something else... Just to be clear, that picture is of Yoshi (runs Bitmain USA), not Jihan. I prefer this version so there is no confusion.  |
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Guy Corem (OP)
Donator
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Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
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May 01, 2015, 11:37:04 AM |
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Bicknellski
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May 01, 2015, 01:25:56 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. 2 Years? Next year. |
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RealMalatesta
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Activity: 2338
Merit: 1124
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May 01, 2015, 04:40:30 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. 2 Years? Next year. Okay, if this is the problem, smaller miners should now take care of a solution, right? |
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Bicknellski
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May 01, 2015, 04:49:32 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. 2 Years? Next year. Okay, if this is the problem, smaller miners should now take care of a solution, right? Not sure this thread is the right place to discuss small miners right? Got a few million willing to invest in ASIC chip and then build a machine which you would be willing to sell to an ever shrinking market? That is what you are asking for. Gekkoscience all you got probably. |
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RealMalatesta
Legendary
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Activity: 2338
Merit: 1124
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May 01, 2015, 05:03:14 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. 2 Years? Next year. Okay, if this is the problem, smaller miners should now take care of a solution, right? Not sure this thread is the right place to discuss small miners right? Got a few million willing to invest in ASIC chip and then build a machine which you would be willing to sell to an ever shrinking market? That is what you are asking for. Gekkoscience all you got probably. Agree on this part: "Not sure this thread is the right place to discuss small miners right?" Disagree on the rest  |
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TheRealSteve
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May 01, 2015, 05:16:48 PM |
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For thread, maybe just bump this one up: Next consumer model miner. Just to hook into this anyway - GekkoScience is one, SFARDS and those intending to use their chips would be another, Avalon's still planning smaller miners as well. |
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coinits
Legendary
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Activity: 1582
Merit: 1019
011110000110110101110010
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May 01, 2015, 05:27:12 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. I believe that without few thousands of miners, bitcoin will wither and die as majors (Bitfury, KnC, Bitmain and Spond/BTCS) will be starved of transactions to process. Seriously, is there a coin that cannot be ASIC-mined AT ALL? How about BURST...mine with HDD capacity. Do you currently mine with burst? I would like to try this as I have a lot of hdds. 30tb I was not able to get it running last time I tried. I have been mining it for months. I love this coin. How can I help you get up to speed? Where did you get stuck? |
Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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philipma1957
Legendary
Online
Activity: 4158
Merit: 8042
'The right to privacy matters'
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May 03, 2015, 03:06:19 PM |
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send me a pm. I have a mac mini attached to a 6 drive pegasus it has 6 4tb hdds. It is attached to a 2 drive lacie that has 9tb uses thunderbolt to attach. So I have a total of 33tb in storage drives. my operations drive is a 1tb ssd. I can add more storage to this at no extra cost. I can go over 40tb easy first question is can I run this in mac 10.10.x or must I do windows? I am able to run windows 7 on another pc. I could do an easy 30tb in windows. i can build a pc in a day as I have plenty of parts from gpu mining. a windows 7 op system. a i5 2500t low power cpu lots of ram sticks. I have a choice of mobos . I would be willing to use this case for the drives. http://www.newegg.com/Product/Product.aspx?Item=N82E16816111168&cm_re=sans_digital_8_bay-_-16-111-168-_-Product |
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