740800+ entries in 0.554s
MisterE: yea I see a lot of support at 500
TestingUnoDosTre
MisterE: or nukes in
the back yard?
tg2: My
thoughts are, my power costs me .05c
MisterE: heh yea
think of
that scale jump
MisterE: so if
they can amortize it spending 2k on a BTC is acceptable I guess.
MisterE: it goes out in pieces
to
the electric company
MisterE: I heard
they were being sued
the first
time a couple months ago but
that also people were lining up
to file
tg2: I'm glad
they decided
to do it,
they were on
the fence about it for a few days
MisterE: BFL could not deliver
the product my buddy ordered and instead of refunding sent a lesser spec
tg2: I hope
this Canadian class action against gox bears some fruit
MisterE: plus I
thing it was stamped on
the box
mircea_popescu: unless
they're
taking a microscope
to
the box, who's
to say what's in
there ?
tg2: I honestly
think
they started out with
the goal of scamming and
then btc blew up so fast lol
mircea_popescu: ahh, remember
the days when am was derping about "having 30% of all hashing for a year"
mircea_popescu: asciilifeform not even. more builders went out of business
than stayed in.
tg2: Even
the "next gen" 600gh is garbage
ozbot: Meet
the manic miner who wants
to mint 10% of all new bitcoins | Ars
Technica
mircea_popescu: MisterE it's a
theory. it's not outrageously or massively wrong, but im not
too persuaded.
MisterE: yea
tg2 does a good job explaining
that depreciation, expecially of 2nd gen sha-256 asics
mircea_popescu: "large concerns"
that
thought
they had access
to
the latest widgets expected
to come out... november 2012 are mostly bankrupt
today
MisterE: but medium - small guys are
throwing money away?
MisterE: there was just
the article in Ars abotu
the guy who controls ~10% of hash rate
MisterE: asciilifeform:
the mining centers I've read abotu who are doing it right have paid back
their investments within months
MisterE: smart ones supply
the miners and speculators
MisterE: BTC still has a gold rush mentality
that personally I dont
think is doing speculators any favors
MisterE: and generate
transactions
that help keep
the network healthy
mircea_popescu: asciilifeform how about
the people who "invest" despite negative roi ?
tg2: Yeah I
think
that's a way
to look at it
tg2: They assemble
them out of house
MisterE: they also mine so
there is a conflict of interest iirc?
tg2: They are probably one of
the best right now
MisterE: I heard knc was not reliable and
they have had a lot of delivery misses int he past?
mircea_popescu: the reason, of course, is
that bitcoin is worth
three
to four degrees of magnitude more.
tg2: Although knc sure is
trying
to prove me wrong lol
mircea_popescu: nearly as prolific as bitcoin miners
they will never be
tg2: I stand by my analysis
though
that it won't be near as prolific as sha256
tg2: They went for
the "less ram faster latency" approach
mircea_popescu: tg2 you realise people wouldn't build
the ram as part of
the asic do you ?
tg2: Yeah knc updated
their numbers, I should update
the post
MisterE: asciilifeform: probably not for you it's about
the state of and medium-term future of hardware and mfgr. proceses
stompysteve: anyone got any info on neo and whats going on past
they stopped
trading due
to sus activity
MisterE: yea from what I can
tell its mostly
trash
MisterE: asciilifeform: did you read
tg2's analysis of sha-356 asics vs scrypt asics on bitcointalk?
moiety: cazalla: yeah definately, i got
the live version :D he is a very good sensei
cazalla: moiety:
that gpg guide is good,
this was much easier
than i
thought it would be
ozbot: White House regulate cow flatulence climate agenda |
The Daily Caller
mircea_popescu: you can have difficulty scale as...
the size of
the field.
mircea_popescu: ;;later
tell benkay "One cannot issue ratings until one is rated oneself.
This is a useful feature
that prevents a lot of misuse of
the system. If scammers cannot stuff
the WoT database with
their sockpuppets,
they cannot artificially inflate
their ratings. Granted,
the mechanism is weak and easily gamed, but
the simple presence of a barrier reduces much malfeasance."
this made no sense. you know it made no sense. why
tg2: Not even a heavy site
to lift
samO_: also, is
there a chat log history of
this channel somewhere?
thx!