1036200+ entries in 0.729s
BTC-Mining: Well, he had GPUs, but he bought a lot of FPGA which is
tradable for
the new ASICs from BFL
mircea_popescu: yes but as
the guy rightly points out, in order for something
to be a bond it needs
to meet some criteria.
BTC-Mining: Not
to count difficulty was relatively stable before bitcoin prices raised
BTC-Mining: and
there is already over 0.30 BTC paid back per share
BTC-Mining: mircea, for example, gigamining share holders will be able
to pay 0.25 BTC
to switch
their 1 BTC IPO share (5 mhash each)
to 4 shares (25 mhash each) for 20x
the hashing.
mircea_popescu: EskimoBob : speaking of
the bonds you or i can invest into, afaik
the only such in btcworld are
the MPOE bonds. care
to go
through
them with me
to check
this
theory ?
smickles: i'll have
to ask copumpkin if
that 'event' was him cashing out
mircea_popescu: how can something
that small be a
thief ? you'd accidentallty smush it midrobbery
smickles: nanotube: you were mentioned as not being a
thief and a lier, iirc
Luceo: usagi:
That one
too :P
BTC-Mining: At least ASIC is
the last step and large price/hashing changes should be behind us from now on
BTC-Mining: As such, a stable fiat
to BTC rate would seem better
BTC-Mining: As I see it, if bitcoin prices soars, you'd be better off keeping
them (although you still earn more as difficulty adapt). If prices drop, you have
too much hashing per price and returns decrease
BTC-Mining: and
technically,
the mining/equipment has raised in USD value
BTC-Mining: I meant
that by investing in equipment with a fixed USD value, you want returns
that can buy you more equipment.
mircea_popescu: all mining assets
that didn't make 20% per month past 3 mionths are a net loss.
BTC-Mining: Considering
that Difficulty is behind
the price raise... well you'd have been better off keeping BTC
mircea_popescu: 33% depreciation
through diff rate increase and 50% depreciation
through btc appreciation
mircea_popescu: in strict depreciation
terms all mining assets
that didn't make at least 9% per month are a net loss.
smickles: yeah, 2 glasses of wine will make me
think
the whole world revolves around my
thoughts
smickles: i meant, i
thought you were looking up in you database
to verify when and at what price i bought
them at
smickles: heh, yeah, i was confident
that i'd make monyz when i made
the buy
smickles: i dunno, it doesn't make sense. it's
the weekend, and i drink on
the weekend
smickles: heh, i
thought you were checking up on me
smickles: ah,
this is what i get for bragging
to
the guy who runs
the system
smickles: and
this was my firs buy on
those
things
smickles: it wasn't much higher at
the beginning of
this month
smickles: so,
the value of a hash will likely only go lower
smickles: so...
the diff rate will likely only go higher
smickles: mircea_popescu:
there we are. but my point is, given
the current ust/btc price history,
the amount of hashes on
the network has yet
to catch up
mircea_popescu: thus,
the insta value is like .05 and
the value is .075 so naturally
the bot values around .025
mircea_popescu: so if you sell for 0.075 something worth 0.005
then
the sale itself should be worth 0.07
mircea_popescu: What
this means is
that
the holder of one option has
the right (but not
the obligation)
to sell 10
Th (that's
ten
thousand billion hashes, or approximately 2.77 Gh/s running for one hour) for 0.075 BTC
mircea_popescu: o no wait!
the value is like 0.005. and
the option says :
mircea_popescu: but i mean it's block * hashes by diff
times 2^32 no ?
smickles: mircea_popescu: hmm, i
think i used a different method
to value it or something
markac: TypeError: unsupported operand
type(s) for ^: 'float' and 'int'
usagi: Every
time I see
TYGRR.BOND-PI I
think of Magnum P.I.
usagi: How about
THUNDERCM.MIF.SHARES
usagi: What name Luceo?
TYGRR PEE?
smickles: but still, it's like where you bot prices at is right at where
the projected diffToBTC rate come out at, and we're in a strong uptrend on
the difficulty
smickles: is it just me, or is
this an insanely good buy?
rg: and hes had
the same rating from me
rg: mircea_popescu: most of my
trades are over $100
Luceo: usagi: I lol every
time I see
that asset name >_>
mircea_popescu: as any perfect system ,
the wot is only as good as
the
tech using it
Luceo: mircea_popescu:
The flaw is
that stupid people don't read
the descriptions of
the
trades :P
mircea_popescu: and whales like me
that do > 10k per
trade are like, 11.
mircea_popescu: noobs like rg
that do 10000 five bucks
trades are rated +500
mircea_popescu: wait,
the plot
thickens. i
think maybe it's an impostor ?
Luceo: ^ Worth more
than ID
mircea_popescu: i intend
to do a party, have all
the girls politopless.
Luceo: Is
this a really complex form of
Luceo: The one on
the bitvps photo book?
Azelphur: SS just basically sits
there quietly, continually putting out and performing within expected parameters
Luceo: Send it
to me, I can get someone
to
translate from Romanian
mircea_popescu: <Azelphur> it's weird all
the hype has died down << you know i
think
there's a forum rule
that only crappy investments can have hype.
Luceo: ^ And ugly
tits don't count
smickles: mircea_popescu: if polimedia is, as you state, your company.
then surely you can show me a pic of
the company's logo/name on a bumpersticker which is itself on a pair of
tits
Ignatius-otc: ciuciu do you have any evidence aside from
the dns info?
Luceo: And idk what I'm going
to do when StartSSL asks me
to prove I'm Kim Jong-il, I mean he fucking died >_<
smickles: usagi, you crack me up. now i have a backlog of lines
to read in
this channel
Ignatius-otc: I have a few in
the names of characters in science fiction books
mircea_popescu: no but srsly.
the woman is my cto, it's her darned job
to register domains wtf.
Luceo: MtGox want me
to prove my name is Miles 'Tails' Prower :(
usagi: Look, if you go hunting on me you will discover I have registered domains in
the name of cartoon characters
mircea_popescu: the
tax # is 22530016 and it's operating
today as
the first day.