110700+ entries in 2.201s
jurov: circlejerk isn'
t kindergarten game, so much i admit
Jere_Jones: I'm trusting them to do the math right. I haven'
t done it myself.
Jere_Jones: There are several reasons to sink mad amounts of cash into mining equipment, but profit due to pool mining isn'
t one of them.
kleeck_: That would be the difference between the current scenario and the CPU miners scenario. I don'
t think they really had a place to buy coins.
kleeck_: I know people who were mining at a loss back at the start. BTC wasn'
t worth the electricity and hardware.
kleeck_: Jere_Jones, as per my CPU mining scenario, we can'
t really know that. You are correct that under current ROI calculations it is not profitable. However, if Bitcoin rises appropriately those individuals could see excellent return on their mining investment.
Jere_Jones: I think jurov has a very significant point that people starting to mine now can'
t claim profit as a motive because they will never make a profit.
kleeck_: This isn'
t a philosophical debate.
kleeck_: Oh wait. No they aren'
t...
Jere_Jones: In the mining space, I'd say that a year ago is old school. When I say "new", I mean that you haven'
t purchased anything and are looking to start.
Jere_Jones: I don'
t know of a single asic where that would be profitable
jurov: actually i think chinese govt (or Party-affiliated entrepreneurs) can buy stuff from friedcat at manufacture price, won'
t have to pay market rates for electricity, etc.. and thus would be more profitable
Jere_Jones: If private individuals were mining, profit is important. A government doesn'
t have that restriction.
Kleeck_: says - "don'
t do the crime if you can'
t do the time.... you rat..."
Bunnyh: ok. maybe i should use the bet comment field for asking these things instead, just trying to understand bitbet. i didn'
t even bet on that
KRS1: we probably shouldn'
t have nuked them.
Jere_Jones: Having been historically annoyed by icebreaker, I am always looking for something solid to back up my dislike. In this case, I couldn'
t find anything though. But I was looking for something on bitcointalk.
kakobrekla: >>There are always a lot of unknowns... I'm doing my best to keep our growth rate ahead of the overall network while at the same time introducing new sources of BTC donations. The end of the year should prove to be very exciting for NastyFans. Giving up our BFL orders at this point just isn'
t going to happen. I would think at the very least they will be reselling at a premium for people in the bullet run. Also, we got up to a 25% discount
the20year: but won'
t verifying that i'm in the US lock me out?
the20year: Ukyo: What are asset issuers expected to do with regards to our assets on BF if we personally are located in the US? I can'
t verify due to living in the US, unless you want me to get the nominee director verified.
FabianB_: don'
t know why Ukyo never documented it
FabianB_: pankkake: i didn'
t use it for a while, but it used to work like this: put "gpg" in the password field instead of your password
dexX7: they don'
t want securities
deadweasel: haha. OMG i hope my non-existent children don'
t find my browser history.
phungus: my own dad didn'
t do porno
MobGod: i'm sure they all didn'
t goto mpex
MobGod: kakobrekla doesn'
t matter maybe a general price
pankkake: at least stop using mtgox by default, especially for commands where you can'
t chose
pankkake: what are some fiat exchanges going to bring, when you can very easily do fiat=>btc=>ltc anyway? the btc=>ltc step really isn'
t incovenent
pankkake: well buying at 0.01* isn'
t so bad. I'm glad I sold those I got at 0.03 or something :) (thankfully they were invested and I didn'
t lose BTC-wise)
Apocalyptic: pankkake, my guess is he's fully loaded in ltc and can'
t buy more anyway
pankkake: with bitcoins I don'
t like to wait because I don'
t trust my fiat in exchanges, but with altcoins it's fast
pankkake: I don'
t see a reason to buy right now, I'll just wait and watch the prices
pankkake: Apocalyptic: well, I doubt he said it wouldn'
t go under; his idea is that it will go up later
Vexual: i wouldn'
t go that far, smooth yes
Vexual: i don'
t know what he smokes, but he keeps cartier luxury mild for the ladies
nubbins`: can'
t get a home run with every swing, ya know
Luke-Jr: of course he doesn'
t, he never did
mircea_popescu: anyway, so upon research the entire "luke-jr attacked litecoin" thing boils down to, back in april luke had no idea i had put the kaibosh on mtgox at the secret march meeting. thus he got all excited upon hearing mtgox intends to go die into altcoin heaven, and started a campaign of wiki editing and trolling the ltc dev chan. he didn'
t actually 51% ltc or anything.
mircea_popescu: all this delicious drama going to waste unknown. no wonder the alt coins aren'
t going anywhere.
Luke-Jr: mircea_popescu: no, I didn'
t even hear of that
mircea_popescu: dexX7 people say many things. meanwhile, 16gb boards aren'
t too expensive
mircea_popescu: Luke-Jr depends how hardcore do yo uwant to get. one could say bitcoin isn'
t really a bitcoin either, just a dumb prototype.
pankkake: mircea_popescu: yes, while I used to think that, litecoin isn'
t a different implementation
Luke-Jr: MTBmanTT: it's a popular scam because it hasn'
t broken yet
mircea_popescu: well i guess more research is needed here. i can'
t readily point to proof.
nubbins`: what, you mean there isn'
t an insatiable demand for used gfx cards that have been melting themselves mining btc for the past few years?
pankkake: it's scrypt, I guess values aren'
t comparable
mircea_popescu: pankkake Luke-Jr became famous through doing the same thing coupla years ago. or trying... i don'
t recall if he succeeded.
pankkake: but it isn'
t, both are digital tokens
dexX7: wasn'
t there already drama about keeping the am shares?
pankkake: yeah, she doesn'
t risk having lint with that outfit
nanotube: mircea_popescu: echo $randomnick, sure it works. didn'
t you just see it work?
pankkake: yes but the client catches it; it doesn'
t send privmsg #channel /kick, it sends kick #channel nick (or something)
pankkake: it doesn'
t need to be escaped actually, you don'
t kick by sending /kick as a message to a channel
nanotube: roulette won'
t work unless gribble has ops.
mircea_popescu: how's litecoin related to silkroad anyway ? wasn'
t that the bitcoin pill space ?
pankkake: I'm mining it and selling it all, and I can tell you it's overvalued - I think it is because people don'
t understand how to mine it
mircea_popescu: as trilema isn'
t exactly written in beginner friendly english
KRS1: Mopeds are cool and all but like her, you wouldn'
t want your friends to see you on one.
Namworld: Well he's free to disagree with you not selling them for best offer and distributing proceeds, even if he doesn'
t hold anything.
Namworld: They can already make fusion. They just can'
t keep it running to harness energy.
Namworld: Haha... wow, and I don'
t even have safe search on...
mircea_popescu: copper oxide is also toxic, for that matter, which is why copper dildoes aren;'
t a great idea
Vexual: they don'
t think it's viable, or environmental concerns?
Namworld: Although such a rising price certainly can'
t hurt my finances.
Namworld: Maybe. I can'
t really believe it yet.