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empoweoqwj
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June 29, 2013, 04:50:27 AM |
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how was asicminer.bit not already taken... I need to become a domain squatter!
Because .bit isn't an ICANN domain name i.e. it doesn't sit in their root servers. So you need a plug-in to access it. Not really what you want for a company site .... Until ICANN, Gets a take down notice and you face terrorism or money laundering charges. Repeat: .bit has *nothing* to do with ICANN. Completely outside their system. Its just a browser plug-in "domain". |
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JordanL
Donator
Sr. Member
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Activity: 294
Merit: 250
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June 29, 2013, 05:11:39 AM |
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Happy to contribute to all your dividends. As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.
People must want these as novelty items. I don't get it. 40 minutes??? They are just too sexy to resist. A triumph of form over function  That and 100 years from now it will make a sweet museum piece That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare?  Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes. I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these... This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now. As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like. |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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June 29, 2013, 05:39:58 AM |
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Happy to contribute to all your dividends. As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.
People must want these as novelty items. I don't get it. 40 minutes??? They are just too sexy to resist. A triumph of form over function That and 100 years from now it will make a sweet museum piece That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes. I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these... This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now. As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like. How about "they don't make a profit in a way that appears more attractive than going to a casino"? But, yes... it is my opinion. A lot of people apparently do not share it. |
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aahzmundus
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June 29, 2013, 07:51:28 AM |
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Happy to contribute to all your dividends. As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.
People must want these as novelty items. I don't get it. 40 minutes??? They are just too sexy to resist. A triumph of form over function That and 100 years from now it will make a sweet museum piece That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes. I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these... This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now. As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like. How about "they don't make a profit in a way that appears more attractive than going to a casino"? But, yes... it is my opinion. A lot of people apparently do not share it. Why do people think mining wont be worth it... FEES PEOPLE!!! If bitcoin gains serious adoption FEES will be the main way miners make money, not block reward. Sure if you only calculate block reward, you may never earn back your full one BTC. But if fees come into play... Whatever happens, I got burned before turning off my miners twice, I thought I was pouring electricity down the drain. Never again, my miners will stay on 24/7/365.25 for as long as I am able to manage them. The only time I would get rid of miners, is if I was upgrading to better ones. |
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bbxx
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June 29, 2013, 08:11:23 AM |
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Fees?
Now about 1-3 btc per block.
We need to have 10 times more to get decent reward from block.
Now userbase of bitcoin is falling like knife.
What should happen to reverse this trend?
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Lohoris
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June 29, 2013, 08:42:49 AM |
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how was asicminer.bit not already taken...
because namecoin is a joke |
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BlackLilac Jordan
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June 29, 2013, 09:05:12 AM |
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how was asicminer.bit not already taken...
because namecoin is a joke Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one |
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Strange Vlad
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June 29, 2013, 09:20:26 AM |
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how was asicminer.bit not already taken...
because namecoin is a joke Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one Namecoin is brilliant idea, but it needs widespread adoption even more than Bitcoin does.  |
Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
1CdVTkA288cd3m1jkdqPjUfhQ5ebei8gVT
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 29, 2013, 09:31:08 AM |
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how was asicminer.bit not already taken...
because namecoin is a joke Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one Namecoin is brilliant idea, but it needs widespread adoption even more than Bitcoin does. I remember a while back slushes pool mined namecoins but forget what the major benefits are On a sidenote thanks for mentioning it now I have another topic to watch https://bitcointalk.org/index.php?topic=236340.0Confirmed from http://namecoin.info/EDIT: I answered my own question hope this helps others http://www.coindesk.com/what-are-namecoins-and-bit-domains/ |
Believing in Bitcoins and it's ability to change the world
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empoweoqwj
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June 29, 2013, 09:35:03 AM |
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how was asicminer.bit not already taken...
because namecoin is a joke Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one There have been many "alternate namespaces" launched in last 20 years, all relying on plug-ins or ISP co-operation. All have failed, because the "domains" don't propagate worldwide. They only work on specific devices at specific locations. That is not what you want with a domain name. You want it guaranteed to work all over the world on every device that connects to the Net. That is what ICANN does, along with IANA, IETF etc. There are going to be hundreds (thousands actually) of new domains coming online in the next few years via ICANN. If you want to launch a .bit site please do, just understand that most people in the world won't ever be able to access it. |
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aahzmundus
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June 29, 2013, 09:48:23 AM |
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Fees?
Now about 1-3 btc per block.
We need to have 10 times more to get decent reward from block.
Now userbase of bitcoin is falling like knife.
What should happen to reverse this trend?
Time. Bitcoin is better money then current money. Eventually more and more people will use it because it will save them money. As time goes on also, volatility should go down, which would also bring people in. The recent developments into the implementation of micropayment systems has in it the capacity to change internet content monitization in a positive direction forever (no need to run adds, people can pay .00001 bitcoin per article and your page views could earn you a direct living wage). If you do not think there will be widespread adoption of bitcoin, why are you here? If you do think there will be widespread adoption... you have to realize there will be an increase in paid fees. More fees paid = happy miners. I don't have the know how to set up my own massive mining operation, so I invest. Exciting news from china! We really need translators... I am sure if you post a translation (not google translate.. come on) and offer a donation address... you will get donations. I for one will donate! |
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empoweoqwj
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June 29, 2013, 09:49:11 AM |
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Well it seems China is moving according to the friedfish source
Shares it with the AM thread don't think this was mentioned yet
Key point:
1. ASICMINER plans to deploy 800T~1000T this year.
2. Specs for generation II chips will only be available after encapsulation. Earliest possible mass production would be in October.
Where was this news garnered from? Is is fresh news from the freshcat? |
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Pierre
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June 29, 2013, 09:55:33 AM |
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(namecoin is) the only existing alternative to the ICANN monopoly.
No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS. |
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TECHICENINE
Newbie
Offline
Activity: 28
Merit: 0
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June 29, 2013, 10:12:23 AM |
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" I will pay you for the right to sell you cheap shares of ASICMiner. How's that sound? "
where do i sign up?..thank$
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 29, 2013, 10:14:30 AM
Last edit: June 29, 2013, 10:26:43 AM by freedomno1 |
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(namecoin is) the only existing alternative to the ICANN monopoly.
No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS. Namecoin isn't only a DNS alternative, that's just it's most popular usage. It can handle many data types and others can be added, personally I'd like to see it as more of an address book including geodata, postal address, telephone numbers and searchable meta data but it could just as easily be used as a cake recipe database. The qt client is developing fast and there's a lot of potential with integration of additional features (such as a local DNS server). That's way off topic though, hopefully friedcat will post an update soon but if not then no news is good news I guess. Well someone translated something in the other thread but no news is good news if it cannot be confirmed That or this is one elaborate scale spread at misinfo Really not sure on this one so no news is good news waits on official friedcat but if it is real FAQ was answered and can consider these questions replied to https://bitcointalk.org/index.php?topic=246253.msg2610794#msg2610794 |
Believing in Bitcoins and it's ability to change the world
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