353300+ entries in 0.227s
mircea_popescu: what happens is
that
the same nominal amount will be distributed
to all producers uniformly by lottery, no matter
the volume of production.
mircea_popescu: the strange with bitcoin is
that mining is ALWAYS a market in which supracapacity exists, for
the odd reason
that mining is a ~0 demand activity, which is altogether a concept unknown in economy so far.
thestringpuller: DerpUnion: bitcoin mining is a black hole, as in you'll never get
the BTC out you put into miners unless you can do some voodoo. Even if electricity cost was 0, you'd still have
trouble paying off
the miners
themselves unless you have direct access
to $foundry
☟︎ thestringpuller: and
then "But
the promised benefits from
these
textile investments were illusory. Many of our competitors, both domestic and foreign, were stepping up
to
the same kind of expenditures and, once enough companies did so,
their reduced costs became
the baseline for reduced prices industrywide. Viewed individually, each company’s capital investment decision appeared cost- effective and rational; viewed collectively,
the decisio
thestringpuller: Relevant part hanbot had posted >> "Over
the years, we had
the option of making large capital expenditures in
the
textile operation
that would have allowed us
to somewhat reduce variable costs. Each proposal
to do so looked like an immediate winner. Measured by standard return-on- investment
tests, in fact,
these proposals usually promised greater economic benefits
than would have resulted from comparable expenditures in our
mircea_popescu: "
The domestic
textile industry operates in a commodity business, competing in a world market in which substantial excess capacity exists." and subsq.
DerpUnion: thestringpuller:
think i might have read
this b4, but will go
thru it again,
thx
DerpUnion: though
that cld be a long eventually
DerpUnion: how cld
that be? if your running cost is 0 and your income non-zero, u will eventually recoup
thestringpuller: mircea_popescu: oh yea. it's zero sum. I have
that saved somewhere around here.
thestringpuller: any miner going online
today will never break even at
the retail price point
thestringpuller: I can't get
the numbers
to work
to make mining profitable. I don't see how it would be possible. It's like flushing BTC down a
toilet.
mircea_popescu: and kakobrekla - how about assbot getting a !seen which returns "timestamp of last successful !v response" ? so as not
to have
to use gribble's.
gribble: evoorhees was last seen in #bitcoin-assets 2 years, 25 weeks, 5 days, 15 hours, 6 minutes, and 32 seconds ago: <evoorhees> I need
to go for now, on later
DerpUnion: mircea_popescu: Whats
the deal with Erik Voorhees supporting larger blocks, u still in
touch with him?
DerpUnion: first it was 20MB,
then 8MB-8GB, now its down
to 2MB,
that is like atleast a 10x change in his "technical position"
DerpUnion: so whats
the deal with Classic, gavin is starting
to look desperate
mircea_popescu: ;;later
tell michail1 you know
the later
tell
thing is public right ?
gribble: Sent 2 weeks, 4 days, 12 hours, and 34 minutes ago: <Michail1> Need ya
to contact me. House fire, and
the cleanup crew broke my sign. Snapped off
the A. Do you have another for sale or
the 'ACCEPTED' part?
mircea_popescu: heh. so basically most gribble
traffic is from b-a huh,
gribble: Sent 2 weeks, 3 days, 12 hours, and 35 minutes ago: <adlai> fix dat key
thing! or is it kako's fault
gabriel_laddel: ;; later
tell adlai I was referring
to
the dataflow paradigm.
gribble: I currently have notes waiting for ben_vulpes, cazalla, crypt0queen, hey, joseph_young, kako, M-John, mike_c, nubbins`, pierre_rochard, psztorc, saifedean,
TheNewDeal,
therealascii, Ukto, Ukyo, whaack, and Wolf`.
gribble: Admin, Alias, Anonymous, AutoMode, BadWords, BitcoinData, Channel, ChannelLogger, ChannelStats, Conditional, Config, Debug, Dict, Dunno, Factoids, Filter, Format, GPG, Games, Gatekeeper, Google, Herald, Internet, Later, Market, Math, MessageParser, Misc, Network, OTCOrderBook, Owner, Plugin, RSS, RatingSystem, Reply, Scheduler, Seen, Services, Status, String,
Time,
Topic, URL, Unix, (1 more message)
PeterL: needs update
to AssWoT
Atomicat: I
think it needs
to be updated.
thestringpuller: PeterL:
this people do not advertise. probably have
to go
to
the deserts of china
to find
them.
PeterL: <thestringpuller> mircea_popescu: do you have contacts for
the mining world? last
time I checked everyone in
that world was some level of scammer. << people offering "mining services" might all be scammers, but
there might be people mining for
themselves who are not scamming
thestringpuller: and whereas still
to date no mining hardware company has ever delivered equipment on
time
mircea_popescu: but i'll quote
this much
to you : 你这么牛掰，你怎么不会汉语啊。😁哈哈哈，反正你也不懂，我觉得很有意思！祝你好运哈！
thestringpuller: seems complicated in
the sense
the
trustworthy miners don't advertise
themselves but hide in
the darkness.
thestringpuller: mircea_popescu: do you have contacts for
the mining world? last
time I checked everyone in
that world was some level of scammer.
mircea_popescu: come
to
think about it... what would you say
to "what is v ?" mod6 ? asciilifeform ? anyone else ?
mircea_popescu: it allows you
to build software on
the basis of patches signed by people you specifically
trust.
assbot: An historical
timeline of
The Real Bitcoin (TRB) development, part i. | Contravex: A blog by Pete Dushenski ... (
http://bit.ly/1Ok6H8T )
mircea_popescu: v is a signature-based versioning system and other
things.
Atomicat: V? What's
the difference between Bitcoin Core and
TRB? Does it use
the same blockchain?
PeterL: there is a mailing list, on
the website mircea_popescu linked, and most of it is discussed in
these logs
mircea_popescu: brace yourself, while derps derped on
tardstalk etc, a LOT of work went on
towards actual bitcoin, and so
there's a lot of catch up
to do.
Atomicat: I will look into
this later
today. What are
the rules set forth in
TRB?
PeterL: <mircea_popescu> pretty much
thinking like a scientist. << is
there any other way
to
think?
mircea_popescu: PeterL
this is a public channel. for obvious security reasons
trb is a superset
thereof.
PeterL: as far as we know, we are
the only people using
trb?
PeterL: #b-a mining pool implies it is run by people within
the #b-a WoT,
trb pool implies it follows
the rules set forth in
trb
PeterL: although, somebody outside
this group could pick up
trb and start
their own pool, so I guess it is not exactly
the same
thing
PeterL: #b-a is
this group, which is where
trb is developed
PeterL: same
thing, different name
Atomicat: Sorry for asking
too many questions but what's a #b-a pool?
Atomicat: mircea_popescu: anyway, maybe all
this "soft-fork" bullshit is really a good opportunity
to start a #b-a mining pool.
PeterL: iiuc,
the current reference implementation of
trb does not support pooled mining, so somebody would have
to port
the current
trb ruleset into a mining pool program
PeterL: Atomicat, it would be a mining pool run using
the same rule as
TRB (the real bitcoin)
mircea_popescu: Atomicat
the best avenue for you would be
to register in
the wot and spend half year or so reading hte logs
to get up
to speed.
mircea_popescu: (not
that pools are such a bright idea in
the first place, but sadly
this is a dropped ball we can't so far fix)
mircea_popescu: the idea'd be
to have an actually compliant pool, for once.
mircea_popescu: there's a lot of non-compliant or vaguely compliant mining pools out
there.
Atomicat: PeterL: What is a
TRB mining pool?
shinohai: Other
than
that every post seems
to be whining about "being censored" and sych
shinohai: I only made an account a few days ago during
the bitbet brouhaha
mircea_popescu: you don't advertise jobs requiring a clearance in
the want ad section of
teh newspaper either.
PeterL: Atomicat, I used
to be active on bitcointalk, but
then I found
this place. Now I never go
there anymore.
mircea_popescu: not really. in my mind,
trilema jobs board is a sort of "free for all" - items
that anyone can pick up.
this is only open
to l2, really.
PeterL: item for
trilema jobs board?
mircea_popescu: PeterL im planning
to offer a little bonus, but someone DOES have
to run
the actual pool.
assbot: Logged on 12-01-2016 01:10:25; assbot: Logged on 12-01-2016 00:59:53; mircea_popescu: anyway, maybe all
this "soft-fork" bullshit is really a good opportunity
to start a #b-a mining pool.
mircea_popescu: heh. usg can't afford
to even consider
this matter. it "never happened".
Atomicat: haha hanbot's idle
time: 0d 6h 38m 51s
Atomicat: For a long
time I
though
that's your profile.
Atomicat: Is
this your profile on bitcointalk?
mircea_popescu: and of course
the "service" "has moved"
to nowhere and is imported downstream without any sort of sanity checking by unwarrantedly-popular mass market services and on it fucking goes.
mircea_popescu: (hey, but 123 is a... symbol, right ? it MAKES SENSE
to attach meaning
to symbols, right ? buncha illiterate louts!)