331100+ entries in 2.52s
thestringpuller: mircea_popescu: the idea you had about certified code review, why not extend that to
a code-factory
pigeons: well the mugs were to get btc people interesting in giving
a little coin to the effort to get
a kiln
evoorhees: Diablo... that's
a stupid petition lol
thestringpuller: we should get phys delivery of cocoa by doing
a deal with the columbian cartels
evoorhees: actually I'm stuck in bed right now cause
a fucking spider bit me and it got infected
evoorhees: it'll be
a while before those connections make their way to bitcoinland
mircea_popescu: thestringpuller i been trying to get futures with phys delivery for
a year now
thestringpuller: I think the future market is
a good start, once you're able to buy manufacturing level volumes of commodities, people may use BTC as
a primary trade vehile.
thestringpuller: can you give me
a solid investment platform pigeons for my investors?
smickles: there is now
a spread on idiff.mar
mircea_popescu: just like
a Chinese network catchword: we are all fighting without pants. (我们都已经脱了裤子干了)
mircea_popescu: hopefully mining market matures soon and we can move to
a saner method
mircea_popescu: jurov it's
a little kludgy, but i see no other way to do it.
mircea_popescu: Also unlike other futures contracts X.IDIFF.* are not subject to an insurance fee. Consequently, in the event of
a net seller's deposited collateral being exceded by current difficulty
a proportional number of open contracts will be forcibly liquidated.
pigeons: i mean i've been reading this forum for
a month, therefore i've got fairly lenghty involvement in the project
mircea_popescu: gotta give it to them : they won' be around in 2-3 of those so. their mark must be left in
a week preferably.
pigeons: i also love how people think
a month is
a long time
mircea_popescu: Each successful applicant will receive $37. This will cover the cost of six months of hosting at prgmr.com and
a productivity-enhancing hot beverage.
lyspooner: memorylessness of waiting for
a block
lyspooner: yes, that incremental blockheader is
a very beautiful thing. although the block reward halving party wasn't as exciting as
a new years countdown
lyspooner: the blockchain has been described as
a distributed timestamp
Diablo-D3: makes
a lot of calculations
a lot easier
Diablo-D3: lyspooner: well, Ive used difficulty as
a unit of time before
Diablo-D3: people were like "what if I power cycled
a 51% mining cluster"
mircea_popescu: you could get 1mn% in
a few hours with enough power added
Diablo-D3: nefario was kind enough to steal
a lot of dmc's money doing that
smickles: Diablo-D3: because people shouldn't actually buy those mining contracts, the fact that there is
a market for that shit baffles me
mircea_popescu: look, it's really simple. you have 1k btc, want to mine. case
A : you buy mining gear worth 1k btc. mine. as diff goes up you make less btc from mining
smickles: it's possible to calc
a point to buy at where anything on one side of the line is risk free profit
mircea_popescu: thus it helps to have
a supply of already bought virtual diff
Diablo-D3: what your service is worth is
a function of diff and btc prices
Diablo-D3: smickles: you're selling
a service
mircea_popescu: abracadabra looks to buy more gpus <<< prolly
a safer investment
smickles: i need to research futures
a bit more :o
jcpham: smickles let's create
a mining asset and take the bitcoins!
jcpham: smickles if you need
a partner to operate mining equipment for you...
jcpham: so
a diff of 90 mil would end my mining
Diablo-D3: gigavps: with 12 cents
a kwh power, and avalon units using 400 watts for 66gh, and btc at $13.50
jcpham: i think my asic purchase is only profitable for me up to
a 30x diff increase
Diablo-D3: gigavps: this is
a profit calculation
smickles: also, who's going to buy
a 79XX now
Diablo-D3: so theres going to be
a cost per 7 of those
smickles: anyway, if my estimate is near enough to correct, the formula says that
a miner with 30Gh/s and .3btc/Gh/month costs would break even selling 54 contracts at 0.03322320 btc each
smickles:
a 2yr payoff is ideas, as that would equate to tax depreciation
smickles: based on
a 5970 and the internet i came up with .3 btc per Gh per month
Diablo-D3: okay, so we're working with
a 2 year pay off number or what?
smickles: well, what's
a good number for cost per Gh?
smickles: They should sell at
a price per contract greater than the projected expenses for the time period divided by the number of contracts.
smickles: if you sell at the right price, that is
a good move
smickles: using
a single BFL product as an example
smickles: Ya know, If I really had confidence in that formula, I would sell
a crapload of futures based on the projected costs of
a farm and equipment and use the btc to buy
a farm and equipment
Ukto: which is the only one that hhas
a promise to the users, instead of nothing at all
Diablo-D3: there was
a shareholder vote on it to do it for
a limited time, then nefario locked my glbse account and tried to use his attempted removal of me as ceo as
a cover for his bullshit
Ukto: can already imagine ppl throwing
a fit if not
Ukto: for the discussion boards I am putting on BF... I am requirng ppl to have
a linked weex account to post. :P
Diablo-D3: well, the market was shitting itself and I was trying to get
a much larger stake of it
Ukto: you make
a great example. :P
mircea_popescu: anyway, im off to town for
a little. catch you later
a bit.
Namjies: Not quite developed yet. Plus there's data safety concerns using
a public cloud. Private cloud would be useful if you need to provide cloud like services for elastic subprojects. Otherwise, for your needs alone for one project,
a cluster.
mircea_popescu: in fact this is the first online thing of that level. never before was
a stock exchange ever had this
mircea_popescu: otherwise its
a 30 units fee on
a 20mn total monetary mass.
Namjies: It's
a small fee although the total capitalization on MPEx is also low. If it keeps going to become one of the major stock exchange for Bitcoins, that "seat" would be quite
a good value however.
mircea_popescu: if i call it
a stock exchange i actually mean the words.
Namjies: I often forget you want to manage MPEx as
a stock exchange and that the fee I paid is actually to get
a "seat" of sort.
Namjies: I suppose considering this, it makes
a lot of sense.
Namjies: Well I see the point of not managing low income assets. Not worth the support. However for traders, there's always trading fees. But to avoid providing tech support to them, keep them out with
a large fee. Enters coinbr which acts like
a brokerage firm. And requires
a monthly fee for having an account and higher trading fees.
mircea_popescu: mpex would never list some asset making 3 btc
a month, let alone something as dubious as those were. but it doesn't have to not list it :
Namjies: Same as small investors go through
a brokerage firm to get
a few shares.
mircea_popescu: at the macro level (which is what i do for mpex) you are well advised to use macro tools.
a barrier to entry for instance.
Namjies: The ones which might have
a few shares paid with faucet like websites.
midnightmagic: I smoked my own heritage bacon
a while back. Did I tell you about that?
mircea_popescu:
a 1 lb chunk of homesmoked, homemade cheese is like 20
midnightmagic: For
a long time I just tried to convince them of
a better way to think. That doesn't work, basically ever. The last decade or so I've been trying to refine civil human compassion.
mircea_popescu: there's very nice farmer markets here. i bought 56 lei worth of smoked cheeses and other nice stuff. there was
a beggar there, when he saw my cashroll he got all excited.