13400+ entries in 1.358s
fractal: mircea_popescu:
$5 mil. tops.
fractal: mircea_popescu: if you follow the inevitable logic -- the entity with access to the smallest manufacturing process will control a PoW such as SHA256. There is 1 entity who always has the smallest fab process -- Intel.. they can do 14nm and put the rest out of business. They won't until the US Government asks them to, or until mining is worth
$5B / year or so to make it worth it
fractal: mircea_popescu: I understand that custom hardware could be build for any algo, but my goal would to make it not cost-effective until the coin had a market cap of say
$100B
fractal: the price will likely be
$1000 by then, and lots of large holders would probably sell
kleeck: The
$/Bite is SO much better with TAT's 76,200,,000nm burgers.
parseval: Developer licenses for the platform are only
$100/year, and they let you use their servers to host it if you let them keep 30% of revenues, or you can pay
$70k for licensing and put it on your own servers
kleeck: Yes. So is AM currently the
$/GH winner?
ystarnaud: i personally just wrote off my
$1300ish paid for a single... and moving on
ThickAsThieves: "Price of BFL Single:
$2499 for 50Ghs. Price for 5x AM blades: 3.5btc x 5 x 130 =
$2275 for 50Ghs. Every single BFL device that has been pre-ordered just got undercut. I would expect nearly every rational actor with a BFL preorder to cancel immediately. Friedcat just bankrupted them."
ThickAsThieves: Newcomer hears about bitcoin, begins to read up, chooses an exchange, deposits
$ into account, then sees litecoins for sales and goes uhhh wtf
Duffer1:
$16k per p/h or something like that
VanCleef: i know i can hire one full time business lawyer for 500
$ a month
fractal:
$64,000 a month is more then enough
fractal: if US Gov was smart, they'd create an alt-chain, announce USCoin as official legal tender (obviously after mining 50% and holding them in treasury. ) It would quickly surpass BTC as crypto of choice of the general public, and hit
$100B market cap pretty fast. Once other governments catch on, it will be too late, and the US will hold 50% of the worlds cyrpto resserve currency. State-backed blockchains are a sure thing in 5,1
kakobrekla: also lol “Right now, it’s
$3 to get money out of an ATM,”
Diablo-D3: local bank has a
$1000 on the wall in the vault btw
Diablo-D3: and when they quit using
$1000+ bills,
$1000 was a lot of fucking money
Diablo-D3: stuff like fedwire made
$1000 and up bills obsolete
Diablo-D3:
$1000 and up were only ever really meant for bank to bank transfers
Diablo-D3: although due to
$1000 and up being a rarity, they're worth far more than that to a private collector
Diablo-D3: [04:21:17] <jurov> anyway, bills worth
$10k are impractical...imagine trying to pay with it
jurov: anyway, bills worth
$10k are impractical...imagine trying to pay with it
mircea_popescu: If the bank agrees, the city and the company then obtain the loan at
$150,000. Richmond and the company then offer the homeowner a new loan of
$190,000, which, if accepted, lowers the monthly payments and improves the owners' chances of staying.
mircea_popescu: Richmond, working with San Francisco-based Mortgage Resolution Partners, offers
$150,000 to buy a
$300,000 bank loan on a house that is now worth
$200,000 and is in danger of foreclosure.
mircea_popescu: if you use it to take
$1mn worth of property you have to pay me
$1mn in cahs.
nubbins`: here in canadia, we call
$20 worth of drugs 'a queen'
Rulother: In order to actually make your money back and then some, you need to invest at least
$5,000+
heed: 3330mh/s =
$121/month
heed: 10 x 50 =
$500 initial investment paid off within 5 months
heed: those block eruptr chips are now
$50 a pop
mod6: so RFC 5019 says 86000 seconds, and this M
$ document says 86400 (which makes more sense tbh)
nubbins`: mildly surprised that there's only a
$30 difference between anal and "everything"
topace: that we pay a good chunk of
$$$$$ to
ThickAsThieves: “Bank records also show a transfer of
$50,0000 in January 2012… to the personal account at Wells Fargo in the name of Mark Karpeles.”
kleeck: Dear Kleeck, We regret to inform you that your attempt to throw
$750,000.00 to our IPO has been denied. We will only accept a maximum of
$300,000.00 Regretfully, Dumbass Inc.
Kleeck_: they have
$1.5M currently raised...
ozbot: My friend just spent
$9,000 on a bitcoin miner. He has little or no in depth knowledge on bitcoins,
mjr_1: for every
$100 i put into my account, i can order
$115 of food
kakobrekla: 15% up lolwat bitcoin will never be over 32
$ again!
ozbot: Feds seized
$2.9M in Bitcoin funds from Mt. Gox, court docs show — Tech News and Analysis
dexX7: selling there for ~110
$ doesn't sound that bad
dexX7: other said "75.000
$ per day"
afrotec: mann i wish, 50btc on coinbase to sell on gox is a cool
$1k USD
dub: a house that should probably be worth in the vincinity of
$10mn if it wasnt falling dowon
w_white: rephrase-- what if price drops to
$10 after congress has hearings and issues legislation.
gecko_x8: that wil stoke the fear necessary to get ppl to buy 1 coin for
$1000
gecko_x8: but the current
$100 is just too low
matuszed: if you buy a stock at 1
$ and it goes to 5
$ kleeck: If there is no risk, then
$1B is a lot.
Hollywood:
$11 is a guy that washes cars and cleans the floor
Hollywood: I think < a basic 1 bed apt around here is on the very low end
$800?
Namworld: oh... prices don't look that different from Canada.
$11 minimum wage
Hollywood: lowest you can hire for here is
$11
Hollywood: well, ok neighborhood that I would let my kids play in
$300 or up
Hollywood: a normal low end house around here
$200
$250
Hollywood: 6 inch plain sub, chips and a drink
$11
kingofsports: i mean itll be in starbucks but
$1000 is a lot of money for meth addicts or people truly broke.
kingofsports: has anyone got a gun held to their head selling locally? that u know of. The
$1000 deal is a local one and im a lil worried bout safety.
Hollywood: I wonder if they got the
$50 membership or went up?
Diablo-D3: at current prices, for example,
$1.76 million per megawatt of nameplate capacity on wind turbines
ozbot: BitBet - USD/BTC exchange rate to top
$125 at 23:45 September 16, 2013
Urushiol: <Diablo-D3> its about
$150 to do 100 megawatts of average output using next gen tech << what did you mean by this?
Diablo-D3: its about
$150 to do 100 megawatts of average output using next gen tech
nubbins`: my wedding cost
$700, including rings
nubbins`: yeah, nothing green can compete
$/mW
Diablo-D3: the problem with wind is is current turbines are about
$1.8m per Mw
Diablo-D3: ThickAsThieves: but BTC was
$10 then
ThickAsThieves: “If I could buy them at a low enough price, like
$50, then I think it would be worthwhile speculating with a few of them,” he said in a phone interview.
ozbot: Bitcoins are a buy at
$50, Richard Bove says - The Tell - MarketWatch
thestringpuller: mircea_popescu: I know you hate on Silk Road, but the revenue estimate is some
$540 million a year...
kleeck: 40M
$ annual, that's a pretty big "meh". :)
Diablo-D3: I mean they dont realize that I'd easily pay them
$400 a month
gribble: danieldaniel was last seen in #bitcoin-assets 17 weeks, 0 days, 3 hours, 42 minutes, and 19 seconds ago: <danieldaniel> or
$30
bobbabad: labcoin claims 2.7 w/GH,
$2-3/GH
bobbabad: you dont think
$2 per GH has appeal (if you were to belive in it)