log☇︎
391700+ entries in 0.17s
mircea_popescu: Rulother we used to have it two years ago. then google went apeshiot and banned api access.
mircea_popescu: ThickAsThieves bitfury ? didn't they say it's 4ph or some scandalous shit like that ?
mircea_popescu: dexX7_ some complaint about someone answering a phone
mircea_popescu: avalon isn't doing too well apparently, which leaves pretty much vbitfury with actual chips
mircea_popescu: at 3.5 yeah]
mircea_popescu: kleeck we're discussing things you can buy tho, not things people want to sell you.
mircea_popescu: if it goes to two, it's a further -40%
mircea_popescu: the move from ~4 to 3.5 was a good 15% sliced offa there.
mircea_popescu: so .5 btc per share at their own blade prices
mircea_popescu: ;;calc 60 * 3500
mircea_popescu: yes
mircea_popescu: how much do they have online, like 10th ?
mircea_popescu: i wonder if the am victorious muppets realise that undercutting bfl means am just undercut its own stock.
mircea_popescu: so basicalyl we'll be at ~.2btc / gh within about two weeks ?
mircea_popescu: pricewar ?
mircea_popescu: interesting, so am is selling 10gh at 3.5, bitfury 10gh at 3.9 ?
mircea_popescu: nevertheless, it's what it is.
mircea_popescu: of course, unlike south africa the apartheid is voluntary, and reflects merit rather than birth
mircea_popescu: here's an open secret : bitcoin is much like south africa back when it worked, an apartheid system. forumers, redditors and co are 2nd class citizens. we don't give a shit about them.
mircea_popescu: ya well.
mircea_popescu: who the fuck is appointed in a chat log in the first place. am i missing something ?
mircea_popescu: what chat log ?
mircea_popescu: ystarnaud not quite everything
mircea_popescu: que burnside explaining how he had a lot of respect for mpoe-pr
mircea_popescu: duh.
mircea_popescu: ThickAsThieves my guess is it muddies the waters FOR LTC. much bnetter for it to have its own
mircea_popescu: ystarnaud certainly a good back-up to have just in case.
mircea_popescu: lol
mircea_popescu: WHY CANT WE JUST GET ALONG
mircea_popescu: fucking paranoid people. i have spent all my morning so far entering passwords.
mircea_popescu: it only exists for bitcoin.
mircea_popescu: the avenue through which this will be realised will vbe exactly mining diff/price relationship
mircea_popescu: bitcoin is one of those markets, like television, where being #1 pays. being #2 maybe can be made stable if you cut corners. the rest however is a money black hole.
mircea_popescu: that'll quickly becvome a problem.
mircea_popescu: it will saturate within months.
mircea_popescu: what's the scrypt barrier to entry ?
mircea_popescu: lol doesn't begin to cover it >D
mircea_popescu: the total value of all mining scams = 1.2mn ?
mircea_popescu: the total value of the one mining company ~= 550k
mircea_popescu: the total value of mining gear currently deployed = 214k
mircea_popescu: ;;calc 54951.2548233*3.9
mircea_popescu: ;;nethash
mircea_popescu: it ain't going any other way than down baby.
mircea_popescu: San1ty-Work a company once imploded over this exact problem.
mircea_popescu: ystarnaud yes something like that.
mircea_popescu: well, this is an age old problem in the semiconductor business
mircea_popescu: asicminer up on news of bitfury delivery. locig!
mircea_popescu: lmao nice tandem
mircea_popescu: ystarnaud something >1gh/watt
mircea_popescu: apparently they shipped yest
mircea_popescu: ThickAsThieves yup, Anduck's delivery.
mircea_popescu: check out that sexy
mircea_popescu: http://i.imgur.com/2fqneNV.jpg
mircea_popescu: going off to make my 9nm dream chip.
mircea_popescu: lolk
mircea_popescu: http://www.swiss-miss.com/2011/04/helveticons.html
mircea_popescu: well broadly speaking
mircea_popescu: and unless you're bfl, you're not making 28nm mockery runs. if you're spending 10mn on the run tyou're also spending 10mn on engineering for the run
mircea_popescu: but a serious, multi-million mask made for 28nm is better than a rushed 65nm whatever.
mircea_popescu: so it wouldn't be a 28nm that's 100x better than 65nm per se
mircea_popescu: jborkl on the other hand, i suspect the designs are yet very crude and as more bright lads look upon the matter we might see significant efficiency gains
mircea_popescu: imo the sound had a distinct, and pleasant quality.
mircea_popescu: my grandparents had vacuum tubes shit in the house.
mircea_popescu: im not THAT old. the transistor's older than me.
mircea_popescu: yeah.
mircea_popescu: possibly the best fit of any linear expression to an observable phenomena
mircea_popescu: incidentally, http://upload.wikimedia.org/wikipedia/commons/0/00/Transistor_Count_and_Moore's_Law_-_2011.svg
mircea_popescu: better than moore's law
mircea_popescu: "at any point, the sum total of all projects promising to add hashpower will equal ~15 times the current hash power"
mircea_popescu: 15x ? i wonder if this will become the law of bitcoin
mircea_popescu: userioao the wow.
mircea_popescu: anyway, has anyone even done a sum of all promised hashing this year ? just for lulz if nothing else.
mircea_popescu: haha
mircea_popescu: lolk.
mircea_popescu: the bitfury ppl are actually delivering, even bfl is delivering, these are actual chips.
mircea_popescu: Urushiol how did you pick cointerra ?
mircea_popescu: it's not as much a list of what the govt perceives as threaths, as a list of pats on the back for a bunch of old people that indeed someone still gives a shit
mircea_popescu: i think most notable is the very prominent self-centerdness of the entire thing
mircea_popescu: notably no bitcoin.
mircea_popescu: pretty list with links in there.
mircea_popescu: http://thetruthwins.com/archives/72-types-of-americans-that-are-considered-potential-terrorists-in-official-government-documents
mircea_popescu: this is how dub got his ecu on his honda civic : http://honda-tech.com/showthread.php?t=3035366
mircea_popescu: herp.
mircea_popescu: U.S.C. 7431).
mircea_popescu: Use of this system constitutes consent to monitoring, interception, recording, reading, copying or capturing by authorized personnel of all activities. There is no right to privacy in this system. Unauthorized use of this system is prohibited and subject to criminal and civil penalties, including all penalties applicable to willful unauthorized access (UNAX) or inspection of taxpayer records (under 18 U.S.C. 1030 and 2
mircea_popescu: THIS U.S. GOVERNMENT SYSTEM IS FOR AUTHORIZED USE ONLY!
mircea_popescu: failed markets be failed markets.
mircea_popescu: Namworld that's a common problem.
mircea_popescu: lmao
mircea_popescu: lol theswede catching on that it looks really lolzy to have his scamset trade flat while am burns to the ground ?
mircea_popescu: dude srsly. 4chan is for porn
mircea_popescu: ;;later tell benkay http://bitbet.us/bet/522/israel-bombarded-from-syria/
mircea_popescu: speaking of which,
mircea_popescu: a yeah, syria's gettin' ugly.
mircea_popescu: am i missing some context or is this nonsequitur day ?
mircea_popescu: lol
mircea_popescu: this must be some sort of parallel reality.
mircea_popescu: don't tell me you've done the deed together.
mircea_popescu: a beast, how ?
mircea_popescu: pretty much everyone in florence despised everyone else, to the degree they had to bring outside mayors all the time