log☇︎
916200+ entries in 0.636s
asciilifeform: IMHO taxi medallions are a fair comparison. They, just as the MPEx fee, exist to keep the riffraff out.
truffles: hope this song is good
benkay: and yet vipcoin doesn't break top page google
ezdiy: truffles: here is exact process how 30 bitcoins are turned into vipcoin: https://www.youtube.com/watch?v=IQBOw88ksXA
benkay: but i think we're making the same points.
benkay: except that the bureaucrat doesn't own the medallion organization, the mob does
mircea_popescu: fucking unfair comparison of the century. i hate taxi medallions.
asciilifeform: benkay: may as well ask how the cost of a NYC taxi medallion relates to the cost of the bureaucrat's pen that signs the paperwork.
benkay: fly them to romania on a carrier pigeon
benkay: print them out
truffles: seeing that this is bitcoin i thought things would be a bit different
benkay: rhetorical questions. too much for you to afford, and it's not.
benkay: and truffles, how is that related to their operating costs?
benkay: truffles, how much does a seat on the NYSE cost?
truffles: whats the fee supposed to cover cost wise?
mircea_popescu: well you can register a new one and push to it.
truffles: i love it when doms throw money at me >>> go on
Guest00001: mp no way to change pgp key ?
Technologov__: I can take risk, but I like to be paid for it.
jcpham: i love it when doms throw money at me
Cylta: mircea_popescu: is it illigal to buy\sell mpex accounts?
Technologov__: which is not the same
Technologov__: mircea_popescu, no one is throwing money. Just taking risks.
mircea_popescu: investing != throwing money.
truffles: im here to discuss anything else if u wish
Technologov__: so you don't need to waste time/lectricity/head-ache, customs bureaucracy and so forth
gribble: BTCUSD ticker | Best bid: 137.02000, Best ask: 137.21000, Bid-ask spread: 0.19000, Last trade: 137.02000, 24 hour volume: 255394.07450224, 24 hour low: 120.08900, 24 hour high: 157.00000, 24 hour vwap: 135.59396
truffles: isnt that why i would invest though
Technologov__: come on... it is all about mind-set. Don't needs to be rich ^^
Technologov__: truffles, what I'm trying to say, is that you can invest even without having Bitcoins. Just must buy them.
jcpham: my paste is just doing it's own thing today
jcpham: You rated user diatonic on Mon Mar 11 14:26:46 2013, giving him a rating of 1, and supplied these additional notes: Attempted and pre-paid for 24 hour mining lease. Unforseeable circumstances changed our plans..
benkay: if we write it to minimize entropy, that would be cool
truffles: say no to skynet?
benkay: great way to keep your sysadmin costs high
Technologov__: any large company has a data-center those days.
Technologov__: and what ? I worked at Cisco Systems. There are *much* more cables there. I assure you.
truffles: those avalons remind me of this http://www.recipeapart.com/wp-content/uploads/2007/07/550x420xEniac-1.jpg.pagespeed.ic.BnzZ_VJDGR.jpg
benkay: just two?
Technologov__: I bought them via Western Union.
truffles: knew theyd ship em, not rich enough to buy em
BTCOxygen: Anyone who is not sure if Avalon will ship should read this thread from page 1 to 11.
BTCOxygen: Technologov__: Oh I found a very interesting thread for you.
ezdiy: you know, sieve through thousands of retarded criminals to find one smart enough
error4733: saw that before !! some ppl make key with picture on flicker !!
jcpham: i cut off the numbers
ezdiy: but title sounds interesting
ezdiy: jurov: even chinese guys reported selective vip treatment in regards to shipments from avalon
jcpham: a device that makes thousands of bucks a day potentially is a security risk
jcpham: yeah the technology has made it like this
jurov: or manufacturers mine themselves instead
jurov: but really, i see it like either many asic users want to stay secret, or they are chinese not on btctalk
jcpham: i bet it's confusing talking to me.
BTCOxygen: Technologov__: +100 for having that knowledge.
Technologov__: CPU mining will cost you x100 more in electricity than Bitcoins you produce...
Technologov__: it is 100 times slower than GPU and 100,000 times slower than ASIC
Technologov__: jcpham, LOL ! How u tried mining on CPU ?
jcpham: cpu mining botnet probably Technologov__
Technologov__: going from 20 to 80 GH/s (in a MONTH !!!) can not be done via GPU.
ezdiy: jurov: i think the rational explanation would be: give impression you want to get asics "out there so people dont lose trust" but in fact keep it private for as long as possible :)
BTCOxygen: Anyone who clains that there are no Avalons in the wild should read this whole thread.
jcpham: i tell lies on the internet for fun
imsaguy: mircea_popescu: that is quite impossible
mircea_popescu: he would like to have your babies.
mircea_popescu: who dioes this lol
BTCOxygen: Also there a many users posting about their Avalon on bitcointalk.
mircea_popescu: seems to me only 1st can be an avalon. right ?
KRS-1: my friend has some of their fpga stuff
MJR_: otc is too stressful
Technologov__: But due to huge spike, I believe, that ASICs actually exist.
Technologov__: If this graph would be flat, I would buy a GPU, and not believe into ASIC lore.
Technologov__: <-- Cylta has quit (Ping timeout: 272 seconds)
Technologov__: Now, the hash rate:
jcpham: be interesting to see how it paces now
jcpham: from talking with pool ops
jcpham: 100-400GH/s was struggling to keep up a few months back
mircea_popescu: seems there's one avalon there, and it does 80% or so of the pool ?
mircea_popescu: mk, otherwise : Top Hashers 63gh/s
BTCOxygen: Also they don't list blocks properly.
mircea_popescu: you telling me 5 avalons doesn't get you in the list ?
mircea_popescu: BTCOxygen which pool is that again ?
Technologov__: hmm, good to know.
BTCOxygen: I think even imsaguy has an Avalon.
Technologov__: but the risk-reward is potentially so high, that it is worth the (limited) risk.
BTCOxygen: There are 5 Avalons mining at my pool tho.
jcpham: my world is small though
jcpham: and the owners and i've spoken with them
Technologov__: Clearly says that ASICs are for real.
Technologov__: But this graph: http://bitcoin.sipa.be/
Technologov__: where? At their company ?
jcpham: but they have produced a product
BTCOxygen: I know 5-6 people personally who recieved their Avalon.
jcpham: but i mean like the company name is unassuming and disarming even "butterfly"
BTCOxygen: Technologov__: There are 300 working units.
mircea_popescu: jcpham its literally not that hard to do. get a journo dood to post nonsense ? 100 bux or w/e
jcpham: i give them credit where it is due
Technologov__: More probably they will keep to themselves. (so their accepted BTC might be a scam)
Cylta: first batch of avalon already reached their customers, no?
mircea_popescu: i'm tickled pink over here.
mircea_popescu: i guess we all sue wired. this is good news.