Bitcoin Forum
December 16, 2017, 09:52:43 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 [432] 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 ... 1558 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022643 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 10, 2014, 10:21:56 PM
 #8621

Now this is what I call growth.  Even bacteria in a petri dish pales in comparison:

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513461163
Hero Member
*
Offline Offline

Posts: 1513461163

View Profile Personal Message (Offline)

Ignore
1513461163
Reply with quote  #2

1513461163
Report to moderator
wachtwoord
Legendary
*
Offline Offline

Activity: 1638


View Profile
June 10, 2014, 10:23:08 PM
 #8622

One Hundred Million Giga Hash per Second! Holy mother of god!
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 10, 2014, 10:27:31 PM
 #8623

One Hundred Million Giga Hash per Second! Holy mother of god!

what is that year over year?  i can't even see the value from June 10, 2013.
Nekrobios
Moderator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
June 10, 2014, 10:27:47 PM
 #8624

Now this is what I call growth.  Even bacteria in a petri dish pales in comparison:

http://i.imgur.com/fc9KX2F.png



Growth is constantly decreasing, miners are getting squeezed. That petri dish just doesn't have much nutrients left. Cheesy
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 10, 2014, 10:29:38 PM
 #8625

Now this is what I call growth.  Even bacteria in a petri dish pales in comparison:

http://i.imgur.com/fc9KX2F.png



Growth is constantly decreasing, miners are getting squeezed. That petri dish just doesn't have much nutrients left. Cheesy

well then, all that fiat will just have to flow over into the price.
Melbustus
Legendary
*
Offline Offline

Activity: 1638



View Profile
June 10, 2014, 10:32:22 PM
 #8626

Now this is what I call growth.  Even bacteria in a petri dish pales in comparison:

http://i.imgur.com/fc9KX2F.png



Growth is constantly decreasing, miners are getting squeezed. That petri dish just doesn't have much nutrients left. Cheesy

well then, all that fiat will just have to flow over into the price.


Is that chart available anywhere over longer periods? Should have an obvious leading inverse correlation with price assuming that theory is true.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
Nekrobios
Moderator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
June 10, 2014, 10:35:09 PM
 #8627

http://bitcoin.sipa.be/

Not the daily growth rate unfortunately, but logarithmic hashrate development since inception.
Melbustus
Legendary
*
Offline Offline

Activity: 1638



View Profile
June 10, 2014, 10:39:06 PM
 #8628

One Hundred Million Giga Hash per Second! Holy mother of god!


This is actually a really interesting benchmark. I'd say the network is *approaching* secure. Another 10x-100x and I might be willing to call it.

100 PH is interesting because that's about what the NSA's new 60MW datacenter in Utah could generate if you fill the whole thing with 0.5W/GH ASICs.

Obviously they're going to have to non-public datacenters that are likely a good deal larger, but still...the above observation shows that the network really is achieving a scale that's nearing real security.


Sidenote: the growth-rate this past year has been astonishing. I recall when I first made the above calc, I thought it'd be years before we got here. Bitcoin's growth continues to impress me.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 10, 2014, 10:45:00 PM
 #8629

One Hundred Million Giga Hash per Second! Holy mother of god!


This is actually a really interesting benchmark. I'd say the network is *approaching* secure. Another 10x-100x and I might be willing to call it.

100 PH is interesting because that's about what the NSA's new 60MW datacenter in Utah could generate if you fill the whole thing with 0.5W/GH ASICs.

Obviously they're going to have to non-public datacenters that are likely a good deal larger, but still...the above observation shows that the network really is achieving a scale that's nearing real security.


Sidenote: the growth-rate this past year has been astonishing. I recall when I first made the above calc, I thought it'd be years before we got here. Bitcoin's growth continues to impress me.

oakpacific made a really good point once that the real point of network security will be when a single geographic location cannot supply an equivalent amount of electricity to power an attackers needs to match that of the Bitcoin network. 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 10, 2014, 10:54:31 PM
 #8630

Anyone care to guess where this guy got the number of 6000x the top 500 supercomputers in the world?

http://bitcoinmagazine.com/13258/twenty-mind-bending-secrets-bitcoin/
wachtwoord
Legendary
*
Offline Offline

Activity: 1638


View Profile
June 10, 2014, 10:56:06 PM
 #8631

One Hundred Million Giga Hash per Second! Holy mother of god!


This is actually a really interesting benchmark. I'd say the network is *approaching* secure. Another 10x-100x and I might be willing to call it.

100 PH is interesting because that's about what the NSA's new 60MW datacenter in Utah could generate if you fill the whole thing with 0.5W/GH ASICs.

Obviously they're going to have to non-public datacenters that are likely a good deal larger, but still...the above observation shows that the network really is achieving a scale that's nearing real security.


Sidenote: the growth-rate this past year has been astonishing. I recall when I first made the above calc, I thought it'd be years before we got here. Bitcoin's growth continues to impress me.

oakpacific made a really good point once that the real point of network security will be when a single geographic location cannot supply an equivalent amount of electricity to power an attackers needs to match that of the Bitcoin network. 

How about both with different levels of security.
sgbett
Legendary
*
Offline Offline

Activity: 1526



View Profile
June 10, 2014, 11:45:05 PM
 #8632

One Hundred Million Giga Hash per Second! Holy mother of god!

Only a mere 0.1 ExaHash Wink

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
wachtwoord
Legendary
*
Offline Offline

Activity: 1638


View Profile
June 10, 2014, 11:59:31 PM
 #8633

One Hundred Million Giga Hash per Second! Holy mother of god!

Only a mere 0.1 ExaHash Wink

Mine sounds cooler. You gotta know how to market it Tongue

Wow that really doesn't sound like me. I'm actually really really impressed.
NewLiberty
Legendary
*
Offline Offline

Activity: 1190


Gresham's Lawyer


View Profile WWW
June 11, 2014, 10:05:51 AM
 #8634

One Hundred Million Giga Hash per Second! Holy mother of god!


This is actually a really interesting benchmark. I'd say the network is *approaching* secure. Another 10x-100x and I might be willing to call it.

100 PH is interesting because that's about what the NSA's new 60MW datacenter in Utah could generate if you fill the whole thing with 0.5W/GH ASICs.

Obviously they're going to have to non-public datacenters that are likely a good deal larger, but still...the above observation shows that the network really is achieving a scale that's nearing real security.


Sidenote: the growth-rate this past year has been astonishing. I recall when I first made the above calc, I thought it'd be years before we got here. Bitcoin's growth continues to impress me.

The decentralization of the hashing is another issue.
Otherwise folks wouldn't care about the NSA so much in the first place.


FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 11, 2014, 02:01:10 PM
 #8635

Sharpening my short stick...
RandomPedestrianN9
Member
**
Offline Offline

Activity: 84


View Profile
June 11, 2014, 02:03:39 PM
 #8636

Sharpening my short stick...
Careful, the blind fanboys here might burn you alive for speaking freely like that.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 11, 2014, 04:27:51 PM
 #8637

Expedia will soon be selling tickets to the Moon.
tvbcof
Legendary
*
Offline Offline

Activity: 2352


View Profile
June 11, 2014, 05:22:28 PM
 #8638

Now this is what I call growth.  Even bacteria in a petri dish pales in comparison:

http://i.imgur.com/fc9KX2F.png

http://bitcoin.sipa.be/growth.png

Growth is constantly decreasing, miners are getting squeezed. That petri dish just doesn't have much nutrients left. Cheesy

I remember back in 2013-ish, some goob had some cockamamie theory about the relationship between hash rate and BTC valuations.

"I pity da' foo" who listened to that nonsense and executed on it thus-far in 2014.


cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 11, 2014, 05:23:10 PM
 #8639

""Many hard-currency loyalists who sought refuge to the safety of gold out of protest against central banks' erosion of currency value are now fleeing to bitcoin," Ashraf Laidi wrote in a recent client note."

becoming Top-of-Mind.

http://www.cnbc.com/id/101750703
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 11, 2014, 05:35:14 PM
 #8640

Now this is what I call growth.  Even bacteria in a petri dish pales in comparison:

http://i.imgur.com/fc9KX2F.png

http://bitcoin.sipa.be/growth.png

Growth is constantly decreasing, miners are getting squeezed. That petri dish just doesn't have much nutrients left. Cheesy

I remember back in 2013-ish, some goob had some cockamamie theory about the relationship between hash rate and BTC valuations.

"I pity da' foo" who listened to that nonsense and executed on it thus-far in 2014.



if they've followed that theory since 2011, they've done great.
Pages: « 1 ... 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 [432] 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 ... 1558 »
  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!