AndrewBUD
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August 08, 2012, 11:37:38 PM |
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I don't know where you're from but Police can't touch any of your property unless it is directly related to the crime their kicking your door in for....
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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.)
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k9quaint
Legendary
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Activity: 1190
Merit: 1000
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August 09, 2012, 06:35:03 AM |
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I don't know where you're from but Police can't touch any of your property unless it is directly related to the crime their kicking your door in for....
I actually don't know of a single country for which that is true. In the US, they can touch all of your property (on the premises) while searching for things that are related. As far as outside the US, ask Kim DotCom of Megaupload what the cops can't take.
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Bitcoin is backed by the full faith and credit of YouTube comments.
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SMOKEU
Member
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Activity: 495
Merit: 10
📱 CARTESI 📱 INFRASTRUCTURE FOR DAP
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August 19, 2012, 12:08:55 PM |
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I'll buy an ASIC miner when you can use it as a grow op as well.
I couldn't have said it better myself.
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Bitcoin Oz (OP)
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August 19, 2012, 12:16:01 PM |
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I'll buy an ASIC miner when you can use it as a grow op as well.
I couldn't have said it better myself. Are your miners in a greenhouse ?
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HDSolar
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September 03, 2012, 07:23:04 PM |
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Question, if we are talking about BFL ASIC units they have noted that the power will be the same. So this idea of less power comes from what? I know BFL won't take more power but the new units should be using the same amount (maybe a little less) then their first versions. If I am wrong I would love to know because that would be sweet.
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sLide.
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September 05, 2012, 08:11:30 PM |
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As far as the thought of electricity/ GH per sec. BFL's SC line should provide a very high ratio toward a positive. I haven't found any finite articles/datasheets about the specs of the power draw, but I'm sure it will be fractional compared to a similar GH/s machine.
Take the Jalapeno for instance, 3.5 GH/s. Does anyone know the power draw on these? I'm sure it will be below 1000w. Is anyone currently mining at 3.5 GH/s for under 1000w draw? (Serious Question / relevant point)
Now, the first 1000 people that bought into BFL assume they ship, even with the halve coming will make a huge profit for the first, I SAY three months. Once information hits the forums and everyone that didn't want to be the first adopter starts jumping the bandwagon, the TH/S will skyrocket and Bitcoin will level out again.
(3 months is taking the current production time into consideration for a new order to be constructed/tested by BFL and received by purchaser)
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Aim - Slide.0 1J6UeiXtBYXmpA6uajRs3aJpUD1Tsj1CF3 - Tips?
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P4man
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September 06, 2012, 07:09:14 AM |
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Question, if we are talking about BFL ASIC units they have noted that the power will be the same. Where did they say that? Their current singles uses ~0.1W/MH. You think they made a 350W coffee warmer boiler? More likely is that the new single SC will consume about as much power as the old single, perhaps thats what they said? But the old single produces 830MH, the new single SC ~40,000MH.
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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September 07, 2012, 06:41:54 AM |
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With the lower power needed law enforcement will be less likely to confuse your mining farm with a grow op.
Discuss.
Ummm, but what if my excuse for my grow op was the rack of GPU's? it is rare that I actually LOL and yes, I have seen the snow melting away from shipping containers for both photons and bits
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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