865700+ entries in 0.539s
pankkake: eh, block just found! with a lot of waiting
transactions
bobbabad: see..
thats my whole point, all
the extra hash and
the network is not getting faster
ystarnaud: ahh ok well i
thought
they had it set
to 10mins per block
ozbot: Bitcoin Block
Time Halved
To Five Minutes Amid Exponential Network Growth -
The Genesis Block
bobbabad: so
that means
that if I sent an
transaction 41 minutes ago it would still not have any confirmations? sorry a bit noobish with all
this
pankkake: yeah
the average is usually lower
ThickAsThieves: isnt
the average faster now becaus eit cant catch up with diff
pankkake: it's a brute force process, you do not know when you will find
the right hash
pankkake: yes
they can.
they are found on average at 10 minutes
pankkake: blocks can
take more
than 10 minutes
to be found
bobbabad: oh I see, so If I pay a abnormally high fee it should go
through in 10mins garuanteed
ystarnaud: bitcoin isnt slow at all... you're just
too cheap
to pay for faster
transactions :P
pankkake: still have
to wait for a block
ystarnaud: a block is generated every 10 mins... if you pay higher
transaction fees you go ahead of
the queue hence getting faster
transfer
pankkake: recordings
transactions in blocks will always be a slow in
the long run
bobbabad: aha... so
the fundamentals of bitcoins pretty much dictate
that
the
transaction
times will always be slow? regardless on how much hash power we
through at it, as difficulty will rise
to keep block
times constant?
pankkake: I wonder if difficulty will ever go down in
the next 2-3 years
Diablo-D3: which makes it about as fast as
the fastest CF cards
ThickAsThieves: if
the diff always goes up,
then
the block
time is less
than normal
Diablo-D3: UHS-II cards, defined in Version 4.0, further raise
the data
transfer rate
to a
theoretical maximum of 312 MB/s using additional row of pins
bobbabad: the sucky
thing about all
this hashing being added is
that its not improving
the network in any way.. i.e
transactions doesnt go
through faster, etc
Diablo-D3: came out with ver 4 of
the SD spec
pankkake: they're going
to run each other out of business
bobbabad: surely
that is calcuated based on next gen asicminer miners
though
ThickAsThieves: that depends on what you
think every other miner will do
bobbabad: good buying opportunity, if one where
to believe
that
bobbabad: How much hash was it AM is planning
to bring
to
the network before end of year? wasnt it something crazy like 1000TH?
ystarnaud: <ThickAsThieves> he
told everyone what's going on,
they just get scared about no divs ... was
this on
the forums? I dont remember seeing any announcements lately... but
then again i been buried in work
jurov: zactly. more one looks at
the pic, more wtfy it is
jurov: lol got
that from fb and actually
they
talk more about
the old woman
ozbot: BitBet - BTC network difficulty
to
top 1B before 2014
ThickAsThieves: he
told everyone what's going on,
they just get scared about no divs
Urushiol: I
think it would be pretty funny
to see friedcat come out with an announcement on
the next gen chips and bang
the hash rate back up
to 25-30%
jurov: what's with everyone checking diff nervously
today? anything i need
to know?
mircea_popescu: ThickAsThieves
that's about what glbse had last summer.
gribble: Next difficulty estimate | 81470937.0983 based on data since last change | 72484113.254 based on data for last
three days
Kleeck_: I might buy into
the AM scam when it hits 1.5 again.
mircea_popescu: and experienced businessmen, politicians, animal
trainers, airline pilots,
mircea_popescu: otherwise,
the same people are expert child psychologists on mommy forums
rulother-gs: Everybody is a pro in engineering on
the forums
assbot: [HAVELOCK] [XBOND] [PAID] 1.00978800 BTC
to 2`019`576 shares, 50 satoshi per share
random_cat: why do you have all
this evil propoganda about mars?
BigBitz: shut up and
take my money?
mircea_popescu: so far
this is proceeding exactly like a proper forum ipo.
VanCleef: the first 1 million bitcoins will be used
to buy aircondition
VanCleef: Earth no longer has
the abilities
to sustain Ametyst profit margins and we must relocate
to mars
hegelian: what do you guys
think Labcoin be worth in 1 year?
pankkake: 3 minutes if you know how
to do it
kakobrekla: everyone can code a few lines
these days
ThickAsThieves: one
thing i dont link about mpex stat is it doesn't
tell you
total of btc you have including orders
ozbot: New York
Times partners with
The Guardian on NSA surveillance -
The Hill's Hillicon Valley
ozbot: Fans Petition Warner Bros.
to Remove Ben Affleck as Batman | Variety
heed: ok nice
talking
to you guys l8er
heed: I will stay inside with my
tinfoil hat
thanks google
heed: I can only imagine
they have other ways of identifying you
heed: they have applications
that can identify people by
their clothing styles
heed: i wore
the google glass
today
Rulother: From
the sounds of it, you probably don't want
to do much
talking in general
heed: I also am
trying
to isolate new deadly anthra strains
zoinky: heed, probably dont wanna go around
telling people you run botnets
heed: I had a botnet allocating excess cpu processing
to bitcoin mining
heed: ok you have
the patents onthose?
zoinky: im working on a
toaster miner
zoinky: pretty much, id avoid
them
Rulother: It's more so scamware
than vaporware
zoinky: and dont know how
to run a business
heed: Every
time I bring up
the BFL scam i get
told
that I'm a poor faggot
Rulother: No he's asking whether
to get a miner or buy shares