300900+ entries in 2.009s
ThickAsThieves: Over in BitFunder there's
a guy who just IPO'd
a fiat asset for flipping houses
ThickAsThieves: probly down to 55 then
a healthy bounce over
a couple weeks
Bugpowder: "One of several $15,000,000 companies without
a website"
gribble: MtGox lag is 0 seconds. During this time, light travels 0.0 AU. You could have sent
a bitcoin ... nowhere, really (0 AU).
KRS: those with
a real degree (not an online paper factory) 3%
KRS: everybody's
a sysadmin these days...% that actually do it right..maybe 5%.
ozbot: Phys.Org Mobile:
A chimp-pig hybrid origin for humans?
furuknap: I'm not sure why there is still
a doubt that Ken Slaughter is raving mad.
furuknap: This is madness... "AM shares will be sold on BitFunder and BTCT.CO, following asset approval. Existing Active Mining Cooperative (AMC) shareholders will be entitled to trade their shares for AM shares, on
a 1:1 basis."
furuknap: "ActiveMining (AM) is
a virtual identity totally held by the owner(s) of the Active Mining Corporation"
furuknap: Technically, my statement was correct, and really just
a play on how rudiculous the rumor mill will become if he chooses that name.
furuknap: the joke here is that Ken Slaughter, in his infinite wisdom, decided to rename his new company ActiveMining, thus ending up with the AM moniker for
a new hashing company. Guess that's going to cause some confusion.
furuknap: That would certainly explain
a lot of the madness in btc-assets, yes.
copumpkin: I hold
a UK passport, which probably suggests that
Chaang-Noi: honestly i think they will take anyone who knows how
a computer works
furuknap: Do you have
a source or are you just preading FUD?
emptyeddepended: WOW is it true, that friedcat was arrested
a few hours ago?
dub: that invisible children shit is more of
a cult than Luke-Jr's crazy ass sect
dub: more than
a little wierd
dub: he's
a fucking fruitcake
dub: mircea_popescu: used toilet paper is
a better read than bitcoin mag
mircea_popescu: dub honestly, buttcoin.org is
a lot better than bitcoin mag,
Azelphur: I'm not
a BFL business card :o
Azelphur: dub: I have
a business card, one sec.
ozbot: BitMarket.Eu has closed down.
A new secure site Bitalo.com is coming soon.
kakobrekla: well yeah jurov the polite thing is to turn away when you see
a scam i think
evoorhees: it was
a little more intimante, and only one day
Namworld: I recommend BTC-BOND. Just
a flat 0.03% daily. 10.95% per year. I'd call that good returns.
furuknap: Heck, Bitfury will be mass-producing his 55nm by then, and at that point, it will be
a proven design which sells for
a fraction of the cost of AM hardware.
furuknap: Which is safe and fine, it's just
a strategy of caution rather than risk. Great for investors looking for long-term profitability. Except for the halving effect, of course.
furuknap: Yes, they can design
a 28nm chip. AM's next gen is 65nm.
Namworld: Damn, why is it that people put
a 10-30% premium on calls/puts that expire in 1-7 days? That's way too much for too short periods.
furuknap: So either new tech comes along, which is very expensive, or KnC or someone like them must get much lower prices. The rates that brought AM to insane heights are miles away from being efficient enough now, just
a few months after it was hailed as the cheapest possible chips on the planet.
jurov: once several parties will have
a working design, all it takes is only making an order at tsmc
furuknap: No, the mass production isn't there by
a long shot. Like I said, KnC (which are the most efficent miners as of now) must sell hardware for $200 million until FEbruary 2014 to maintain 10% network growth. They're not even close to that.
jurov: now i can only say the hw prices will drop like
a stone, cusing severe dent in existing players' revenues and hashrate piece of cake
furuknap: Just
a monent ago, you argued we'd have 20nm. Of course they, or someone, will succeed; they have to, otherwise Bitcoin mining is dead.
furuknap: The cost to go from 28nm to 20nm is very high and someone needs to risk
a huge amount of money to possibly succeed in reaping
a 1:4 ratio on investment. I don't think you'll find many investors willing to risk that.
furuknap: For example, if _only_ buying KnC Jupiters from now until February, we need to invest $200million to keep
a 10% per change up.
ThickAsThieves: you do realize, that by then, they will need to primarily serve as
a hardware sales compeny anyway
pankkake: and not
a bit less for each block
Menoetius: isn't the publicly known AM hashrate just
a guess based on luck ?
parseval: So it only has
a few days worth of data
Namworld: I got
a self-updating portfolio. But nothing too fancy.
parseval: The people over at Dragon's Tale might set up
a PPC deal with me
parseval: Such
a nice spread last night too
Chaang-Noi: iv not seen
a ticker for mpex in forever, did it just close up?
Namworld: Beside, you'd want
a dedicated processor if you wanted to do hashing exclusively, hence ASICs...
cads: (disclaimer - take all this with
a grain of salt - I'm speaking from very deep knowledge)
Namworld: I thought they had
a pretty similar market share.
cads: not sure why AMD has been an underdog for so long - the situation's been similar between them and intel, with intel being more popular despite AMD offering, in my opinion,
a better product
cads: Namworld: after
a simple search I don't find any companies that offer AMD GPU clusters, which stinks.
cads: I know for certain things like engineering simulations, consultants can provide huge markups on their work (which consists of, say,
a Finite Element Analysis of
a product), and it makes great sense to run in
a High Performance Computing cloud.
Namworld: They don't rent
a Nvidia at 1/10th of the cost it would be to run the AMD equivalent at home =P
cads: running in the cloud, you have to pay all of that, amortized by the service provider, and you also have to pay
a profit for the provider
cads: I have
a feeling that people running GPUs like mad might actually save time and perhaps even cash by running in the cloud
Namworld: Never bothered to get
a better PSU to mine.
Namworld: In any case, I can't mine/use my GPU at 100%, I just put
a damn huge 6990 in my underpowered PC (with 300W power suply). PC would self shutdown.
Namworld: Yeah, I'm not sure at all... I remembered the difference between CPU/GPU being similar to hashing... but it's been
a long while since I tested.
Namworld:
A high-end GPU can probably find 1Microsoft pattern in far less than 1 month.
Namworld: Just like CPU would get
a few hundred thousand keys/hash per seconds,
a high-end GPU can go
a over
a thousand time faster.
cads: hmm, I'm off by
a couple orders of magnitude in my estimate ;)
Namworld: and of course,
a GPU would be much faster, just like it's faster at mining Bitcoins.
Namworld: I got
a six core CPU and it goes on at 102 years estimated to find 1Microsoft pattern.
cads: so
a company like Microsoft could do it without batting an eyelash, if they thought having
a custom "1Microsoft31uEbMgunupShBVTewXjtqbBb" key
Namworld: You can generate private keys all you want, finding one which match just
a short part of
a public address takes so many.
Namworld: There's
a reason why it's considered hard/impossible to have
a full collision while generating
a private key for an existing full Bitcoin address.
cads: oh, I made
a mistake -- multiply that number by 56.
cads: rather, it would take around that time for it to get
a 50% chance of success
cads: The difficulty of computing
a n digit prefix grows like O(58^n)?
Namworld: It's not like generating more than 8 characters for
a vanity address is easy anyway...
cads: That's
a good practice - I do that for passwords where having
a longer password beats doing
a typo or transcription error
cads: if random keys were engineered so that whitespaces and symbols appeared less frequently, that would reduce security of keys of
a given length, but that might not be
a bad solution.
cads: If they did, vanity addresses could be
a lot nicer in the front end. But then all addresses would look
a lot uglier everywhere else.
cads: it's
a damn shame that public keys can't include punctuation or whitespace!
cads: If Bob has clients that will actually trust him with their private keys, he can _also_ test each P(B) with an "interesting prefixes" algorithm, and build up
a database of keys that he can sell to customers at
a lower price than his fully secure keys.