388500+ entries in 0.313s
mircea_popescu: much like white folk's pensions, the best scam in the book
mircea_popescu: in a year 2x as good tiles will be sold also at 500 also on a 5 year promise
mircea_popescu: so today the tiles will be sold at 500 dollars and the 5 year promise
mircea_popescu: anyway, you seem to think the more hashing the worse off bitcoin is.
mircea_popescu: because that way they end up paying 25% less over 5 years.
mircea_popescu: "every luser" = rich white folk who can afford to pay 5x as much upfront.
mircea_popescu: you will get roughly half the cost of your power usage back as bitcoin, i iamgine.
mircea_popescu: if you install it today that 38 to 72% money back reads more like 4500 to 95000%
mircea_popescu: or have high tech heating doing 99.5% efficiency and 38 to 72% money back over a year, at 500 dollars per unit"
mircea_popescu: "you can either have low tech heating doing 99% efficiency for 100 dollars per unit,
mircea_popescu: by the time asic tiles are available bitcoins are 100k-1mn per anyway.
mircea_popescu: only if you consider diff increase decoupled from price increase.
mircea_popescu: "sorry you can't have asic heating because it interferences with the weasels"
mircea_popescu: i don't see what diff it makes, outside of perhaps being the avenue through which govts will try and limit the practice if they somehow decide they want that
mircea_popescu: well less so, but it ain't a resistor in any sense either so.
mircea_popescu: a lightbulb even is mostly a heater rather than a rf source.
mircea_popescu: this is visible to the nakled eye, but it doesn't come to significant emission in terms of energy
mircea_popescu: the considerable part, i mean. for instance many resistors emit light when under working conditions
mircea_popescu: the only thing is you will need special designed chips to limit clock frequency so they may be passively cooled.
mircea_popescu: such as you know, the plant, the lines, the transformers, etc.
mircea_popescu: and that 100 dollar allowance is incredibly generous, seeing how it's equal to everything power takes.
mircea_popescu: now, for as long as 1th mines 100 dollars worth of bitcoin, it is perfectly economical to heat with the miner tiles.
mircea_popescu: in the power + hash assembly you have suppose 200 dollars cost per mjoule, and generate 1th worth of hash.
mircea_popescu: let's do the math for this, shall we ? power generation costs, about $100 per mw, yielding electricity, which transforms directly to heat at ~$100 per mj.
mircea_popescu: that aside, people still mine on fpgas, strictly because in the winter it warms.
mircea_popescu: asciilifeform because the marginal gain is not quite enough yet, and they're noisy, clumsy and unwieldy.
mircea_popescu: in the not-so-distant future electric power, nuclear and solar, will be all the power we ever use.
mircea_popescu: it does have that by default by the time people are putting it in as space heating
mircea_popescu: it's true that fabing has a significant upfront cost, but at stake is not an improvement in energy efficiency,
mircea_popescu: i prefer to look at bitcoin flows rather than the crazy threads.
mircea_popescu: arguably with more success, owing to the relative cluelesness of teh forum tardcloud pre mpoe-pr & other meanines.
mircea_popescu: step 3 : no further attempts because "it creates confusion".
mircea_popescu: step 1 : no proofs. people clearly delineate whart proof is needed. step 2 : list of irrelevant crud masquerading as response to step 1. people clearly delineate why this doesn't qualify
mircea_popescu: Duffer1 this is an old scammor trick. it goes like this :
mircea_popescu: it's not nice they;'re also scammy fucks, but what can you expect.
mircea_popescu: it's nice that some people have stepped up to waste govt's time to no avail.
mircea_popescu: what the fuck does a distributed network need a spokesperson for ? it doesn't. it's the government that needs someone to talk to.
mircea_popescu: if you think about it, a foundation is exactly antithetical to bitcoin.
mircea_popescu: "good price to enter for extreme risk takers" -> "excellent way to waste your btc"
mircea_popescu: it's the one skill poor people most desperately need and most utterly lack.
mircea_popescu: the only way this will be resolved is through the making of prototypes.
mircea_popescu: it's extremely difficult to evaluate claims of quantum computing in a theoretical sense.
mircea_popescu: also keep in mind the observation that it is quite common for people with no ability and no understanding to try and compensate through the imaginary creation of "communities" like minded
mircea_popescu: (except he didn't build anything as the t machine is an abstraction, but anyway)
mircea_popescu: and importantly, i'm not aware there's a "quantum computer community"
mircea_popescu: chose to neglect it, much like the us had ample warning re the 2001 attacks and chose to ignore it.
mircea_popescu: there's no proof of that any more that there's proof of elvis still being alive.
mircea_popescu: and finally all generalisation is the work of the motherfucking devil.
mircea_popescu: benkay all crypto is not broken, all businesses are not scams, all polticians are not corrupt, all governemnt is not welfare socialist crap, all niggers are not thieves, all women are not stupid
mircea_popescu: thestringpuller is butthurt or thestringpuller's butt is hurt ?
mircea_popescu: and so that's why it goes "letters patent confirming the X priviledge were granted to Y group".
mircea_popescu: at most some sort of written certification of recognition may be granted, but that's different.
mircea_popescu: this is why privilege is claimed (it's my privilege), recognised and confirmed, but never granted.
mircea_popescu: a privilege is a remnant of personal sovereignity recognised and perpetuated by some ulterior power such as some state or other.