299400+ entries in 2.043s
OneMiner: You know what's crazy good news?
I think the US money laundering news is great. It's step one to establishing bitcoin in US society.
Chaang-Noi: yeah btc at 5k
i could do 4 loti in thailand with no problem
OneMiner: 5k would put me in a sweet spot.
I couldn't complain about that.
Chaang-Noi: honestly
i think
i would just move first
Chaang-Noi:
i sadly cant get one here, ill have to leave it in the usa
Chaang-Noi: that link! anyway, should
i get it?> lotus exige s?
MJR_III: but
i think most people worry about future difficulty all the time
MJR_III: then it doesn't appear to be worth it, but if
i expected it to hit 100...that could make it profitable
MJR_III: but if
i am calculating my break even using todays prices as most mining calculators do...
pgp:
I think you start first with a constant BTC USD model...
MJR_III: if you are going to mine, you should be bullish on bitcoins
i think
MJR_III:
i feel like that is what most miners forget about
bugpowderr:
I wonder how Teramining is coming along
pgp: basic factors would include cost per GH/s for hardware, current network hash rate,growth assumptions in overall network hash rate, cost of electricity, lag time from laying out cash per GH/s and actually getting it working product. And some sort of time value of money discount factor for future cash flows. Am
I missing anything?
Chaang-Noi:
i did not even know they had an exchange
ThickAsThieves:
i think all the BFL theorizing is based on old numbers. People were saying in BFL shoutbox last night that there are many more than 6 wafers
bugpowderr:
I think there is a website blog that does a pretty in depth analysis of the various miners
mircea_popescu: yah what gwillen said.
i gather you're competent enough, go make one pgp
gwillen: pgp:
I'd be interested in seeing such an analysis if you found or made one
bugpowderr:
I don't think the puts
I bought yesterday are going to make up the difference :)
gwillen: pgp: if you bought with BTC or with dollars you would have put into BTC,
I think you lose
gwillen: pgp: if you bought with dollars you weren't otherwise going to use to buy BTC,
I think you get pretty much a wash
OneMiner:
I see. Ok,
I can agree with that then. It's lol if it wasn't so destructive.
mircea_popescu: bugpowderr
i dunno about that. the only ppl to demonstrate asic hashing are both chinese
bugpowderr: thank god their are other semi-competent manufacturers.
I think bitcoin won't actually be much affected by it
bugpowderr:
I am just going to sit tight for a while
mircea_popescu: people keep wandering in concerned to see wtf am
i thrashing into the ground
mircea_popescu:
i have been using various items on my desk to crack them
mircea_popescu:
i can't see a future where they dig themselves out of the hole.
gwillen: fuck if
I know how many more they ordered
gwillen: mircea_popescu: as far as
I know they are not dividing anything into batches, they are just taking preorders continuously
mircea_popescu: much like everyone else
i guess, but anyway, still pretty fucking fraudulent.
OneMiner: mircea_popescu Hence their scramble
I guess. But they made the chips one way or the other so the large initial expense is done with. It will likely cost them less to produce a revised board.
mircea_popescu: from whatever
i can foggily remember about managing ops, if you start a project to do X and you do X/2
gwillen: mircea_popescu:
I don't know what you're calculating from
mircea_popescu: either
i'm the only one with a calculator on my os or else wtf is going on here.
Chaang-Noi: even though
i now have bought a bfl 60 ghs
i think this mess is lulz
bugpowderr:
I imagine the chips are the limiting factor
gwillen: mircea_popescu:
I don't understand your question
OneMiner: At a higher power consumption per hash. Yes, that's how
I read it too.
mircea_popescu: but
i tell you if you want 400 teats with your 100 cows
i'll send you 400 cows
mircea_popescu: you order 100 cows from me.
i discover the cows
i have only carry one teat
Chaang-Noi:
i guess maybe by european standards :/
OneMiner:
I don't think it's going to happen. It's just too stupid for reality.
jcpham:
i knew mircea_popescu had a gangster phase
mircea_popescu: in other words,
i recall them since they were wee famished tykes.
mircea_popescu:
i guess it's difficult to figure out what's important as a journalist.
Chaang-Noi: yeah,
i said
i was guessing, just what my gut tells me what will happen :/
Chaang-Noi: mp
i kind think it will go up after it goes down, as long as the down is not too far down
jurov: haha now
i seriously consider to pay deprived to make me such analysis
Chaang-Noi:
i kinda expect next tuesday to smash the 100 assuming we dont massivly correct before then
Chaang-Noi: jurov
i think some day traders are getting out of it for the long weekend
mircea_popescu:
i met a few when
i was doing that myself, so it's certainly not "nobody"
Namworld: Well after a month of good trades, it's time for me to go.
I'll be retiring for the weekend to visit family as well as friends.
mircea_popescu:
i mean... this makes for good action flicks, because a rule of storytelling is to concentrate attention
ThickAsThieves: what would happen if bitcoin really became a MAJOR safe haven for money in a short time, and then somehow, all bitcoins disappeared and/or the blockchain became irreparablely corrupted?
I guess fiat would skyrocket in value?
mircea_popescu:
i thought it was pretty much a sensible move, back then
ThickAsThieves:
i thought it was a neat idea, but didnt really follow the details at all
Chaang-Noi: thanks for reminding me before
i did something stupid
Chaang-Noi: not old,
i mean one of the first guys who ordered like a year ago
arij: maybe
i can get in on it?.. can you make it happen ;)
arij: the diff is going to go up fast
i think
Chaang-Noi: at current difficulty
i would break even at 1 month