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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803896 times)
cypherdoc
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June 10, 2014, 10:27:31 PM
 #8641

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.
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Blitz­
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June 10, 2014, 10:27:47 PM
 #8642

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

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
cypherdoc
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June 10, 2014, 10:29:38 PM
 #8643

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.
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June 10, 2014, 10:32:22 PM
 #8644

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.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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June 10, 2014, 10:35:09 PM
 #8645

http://bitcoin.sipa.be/

Not the daily growth rate unfortunately, but logarithmic hashrate development since inception.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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June 10, 2014, 10:39:06 PM
 #8646

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.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
cypherdoc
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June 10, 2014, 10:45:00 PM
 #8647

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
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June 10, 2014, 10:54:31 PM
 #8648

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/
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June 10, 2014, 10:56:06 PM
 #8649

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.

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June 10, 2014, 11:45:05 PM
 #8650

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

Only a mere 0.1 ExaHash Wink

http://haschinabannedbitcoin.com
Full Node: http://46.51.193.129 (BU)
"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
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June 10, 2014, 11:59:31 PM
 #8651

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.

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June 11, 2014, 10:05:51 AM
 #8652

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
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June 11, 2014, 02:01:10 PM
 #8653

Sharpening my short stick...
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June 11, 2014, 02:03:39 PM
 #8654

Sharpening my short stick...
Careful, the blind fanboys here might burn you alive for speaking freely like that.
cypherdoc
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June 11, 2014, 04:27:51 PM
 #8655

Expedia will soon be selling tickets to the Moon.
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June 11, 2014, 05:22:28 PM
 #8656

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
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June 11, 2014, 05:23:10 PM
 #8657

""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
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June 11, 2014, 05:35:14 PM
 #8658

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.
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June 11, 2014, 06:00:28 PM
 #8659

Technology on fire:

Uber's sign-ups jump 850% after strike 'own goal'

http://www.cnbc.com/id/101749499
cypherdoc
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June 11, 2014, 06:29:02 PM
 #8660

"Keep pushing everyone, we are having a major impact."

http://libertyblitzkrieg.com/2014/06/11/the-obama-administration-is-trying-to-cover-up-the-va-scandal-by-issuing-subpoenas-to-whistle-blower-sites/
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