802100+ entries in 0.505s
mircea_popescu: and as
these
things are run, usually
they got no actual cash.
mircea_popescu: dub pretty much
the only people
that'd care'd be
the nucleus of original shills.
the20year2: IE from say 10k difficulty
to 1m difficulty, when
there are only enough miners
to support
the 10k
the20year2: the big attack
that worked so well was increasing
the difficulty by an immense amount,
then dropping
the hash rate
the20year2: depends if
there were successful double-spends
dub: likely good money
to be made selling
the capability
to Luke-Jr
the20year2: they had
to pay someone
to come in and fix it :D
dub: for some shitcoin or another, praps I should
turn some shit back on
the20year2: He's very profitable, will be even more so if he goes
to industrial electricity
the20year2: not just
the gpu guys, but
the sha-256 stuff
that's gonna be released in q2 and q3
the20year2: he's under NDA on
the details of most of
the sha-256/scrypt stuff, but it's enough
to scare just about every miner
the20year2: he isn't personally, but his contacts have some insane stuff on
the horizon. And he has enough money
to
throw around
to fund some good stuff
the20year2: He's already had 2 or 3 of his own runs of sha-256 asics, and from what he can
tell,
the scrypt process isn't significantly different
the20year2: and he
thinks he can get his own asic
to market a month ahead of
them
Duffer1: oh asic i
thought you meant scrypt 'asic'
Duffer1: well
that assumes alpha-tec is legit
the20year2: So his scalability is going
to go crazy soon
the20year2: The big
thing is
the fact
that he's gonna be getting ASICs soon for
the farm
Duffer1: isn't
the buy-a-hash farm itself quite sizable?
the20year2: According
to benny, he personally knows 2 or 3 guys
that have
their own farms
that are in excess of 1GH
the20year2: I'm not aware of any good gpu botnets out
there
the20year2: It was when it was profitable, now quark is big for botnets.
There's
too many GPUs out
there displacing CPU miners
dub: thats like back and
then forth and back again,
then forth again, how
to remember all
these steps
the20year2: The powered risers he has now are
the only ones on
the market with
their features. He has a guy now in shenzen going
to factories
to review products
dub: I'd suggest most gpu miners are
too stupid
to do a sawing motion
the20year2: But if
there's demand, and he has
the contacts
to sell, he might as well do it
Duffer1: for a one stop scrypt mining shop
though it's a good "shelf item"
the20year2: it's an aluminum frame for people who want
to easily mount multiple GPUs on a system
Duffer1: should see if you can get him
to poke Deprived out of hiding
the20year2: asciilifeform: it's going
to be a rig sort of like openrig, but our own desig
the20year2: He's actually not
touching
the fab process, for
the most part I am in charge of it
blg: a gun
that mines litecoin?
the20year2: We
took a bid from another machine shop, at 5-6
times higher
than what we can do it in-house for
the20year2: We're almost done with our process for litecoin rigs, and our cost is going
to be fantastic
the20year2: I don't know, US machine shops are now able
to produce
the AR15/M16 at some extraordinarily low prices, even cheaper
than Norinco in China can produce
their own clones
the20year2: Depends, some of
them
they just send over missing parts
then add
the US compliance parts
the20year2: Airtronics is
the government provider
that has just about cloned
the russian AK process
to make clandestine guns
the20year2: There are 4-5 places in
the US now producing AKs
the20year2: Eh ,
the USSR from my understanding helped
them set up
the fabrication process, even if kalashnikov wasn't happy
the20year2: Yeah, and
they're extraordinarily hard
to get as of last year,
the prices quadroupled
Duffer1: i have yet
to meet an american
that doesn't enjoy a good army surplus store
the20year2: When
teh USSR fell , all sorts of military surplus places popped up selling extraordinarily fun stuff here. If you could do
that with old miltiary gear (Boots, clothes,
tents, ponchos, ect) you could make a killin
mircea_popescu: "what was before,
the egg or
the chicken ? before
there was plenty." lol
mircea_popescu: asciilifeform
that may be a coupla bucks if you find
the right ny decorator
the20year2: how about one of
t hose old soviet radio
to
telephone rigs,
the car based ones from
the 50s
dub: they were pretty cool, smaller
than several phones I had after
that
the20year2: Sure, plenty of people utilize
those services, but
they're not
the bitcoin crowd, which in my opinion is a bit more intelligent
Duffer1: i don't believe it was
the first, but it was certainly
the most popular
the20year2: Personally, my opinion is
that it's a low intelligence service
dub: may have been
the first clamshell yeah
dub: Their service is bullshit
then
the20year2: At a local mall,
they have
this machine you stick old cell phones in, and it gives you cash for
them
Duffer1: 14 btc
to
that address. incredible
the20year2: Their services pays you
to
trade it in,
they have some sort of resell contract
dub: so usually, you pay people
to
take away old
tech gear
the20year2: it gives me hope for our 2nd round of funding via HL, seeing as how successful SFI has been, and
to a lesser extent MS, but i'm curious if
the bigger money will follow us
mircea_popescu: Send BTC
To
This Address: 1NMgBp346DpMNR86ktuDWmtMruqXT4qVmM
Duffer1: all you have
to do is pay
them 100% of your btc and if you're lucky, and everything goes well, and
they succeed, you'll get 20% back
Duffer1: nah
they'll buy your old gear, fix it/whipe it, sell it
the20year2: i'm just
trying
to find someone who is and ask why
mircea_popescu: Duffer1
the idea was more
that letting people out of
the straightjacket will result in a lot of idiots impaled on
telegraph poles
benkay: well except
that small government in
this scenario is more like "dude who has wrassled himself up control of
the local area and isn't carrying goldbrickers"
Duffer1: except
the american
tea party,
they're pretty straight up about
their incompetence