935200+ entries in 0.615s
smickles: surely
there are business in romania
smickles: tiberiusiv: aslo, from what i've read of
the polimedia financials, most of his money used
to come from consulting
MJR_III: the oil can actually
touch
the chip
MJR_III: and any gain from siberian cold could be
translated
to oil
MJR_III: but i
think oil is
the best heat dissapater
smickles: tiberiusiv: you don't
think
that activity could increase from other people in similar
timezones
to mircea_popescu ?
mircea_popescu: MJR_III not air. WATER! run a stream
through your
thing
smickles: tiberiusiv: most of
the activity happening when mircea_popescu is around, doesn't really indicate
that mircea_popescu is
the cause of said activity
MJR_III: not sure if even cold siberian air would allow for
the levels of ghz
that oil would
smickles: tiberiusiv:
though,
that market cap does seem high
to me, it is consistant with
the amount of buys from people other
than mircea_popescu
that I know of myself
mircea_popescu: i wonder if it'd be practical
to make your asic farm in a small siberian
town
MJR_III: just
the asic...and use a raspberry pi or whatever as
the controller...it could hold
the blockchain etrc
MJR_III: in fact...you wouldn't even need most of
the stuff
to be submerged
MJR_III: so just
try
to do more per second
MJR_III: and all
that matters is clock cycles
MJR_III: its a super simple chip at
the end of
the day
smickles: tiberiusiv: I haven't noticed an exaggeration. Are you
talking about something you saw in irc or on a webpage?
jcpham: gpu mining really should be dead at
this point
mircea_popescu: jcpham use a heat exchanger
to power a little steam
turbine
MJR_III: saying you COULD cool
the oil i
think in
this example
there was no need
MJR_III: and i am almost certain you could clock
them faster
jcpham: oh so
the oil is cooled
MJR_III: but you can pump it
through a cooler
jcpham: much more so
than you
think
mircea_popescu: i was wtfing all
to hell here
thining you know... crude oil
Diablo-D3: mircea_popescu: why do you
think I'm working out a $250m plan
thats all involving a DC?
smickles: tiberiusiv: i don't
think he exaggerates, he just speaks of
the notational numbers because
they are bigger
MJR_III: and
then you pump
the oil
through a cooler
jcpham: i assume
that oil dissipates more heat
than air no matter what
MJR_III: i was
thinking an asic
though would be heatsink only
jcpham: to do gpu's you'd have
to remove
the fans
MJR_III: it won't interfere with
the electrical operations but dissipates heat better
smickles: tiberiusiv: I would be upset
too if i had an operation
the size of mpex and got left out of media attention
MJR_III: they can get cpu's up
to 8ghz
jcpham: pretty messy
to un-submerge
MJR_III: yes, why has no one
tried an oil rig for a miner?
jcpham: not something i'd want
to do
mircea_popescu: but anyway, maybe you're right Diablo-D3, dc is
the way
to go
smickles: tiberiusiv: kk, fraud does seem more apt
than scammer
smickles: ok, so add
the lack of a mainstream interview
to evidence
that he's a scammer
MJR_III: Diablo-D3: i was wondering about
that
today
Diablo-D3: no, you just need
to recreate
the overhead
mircea_popescu: Diablo-D3 minus a lot of
the overhead. i
think at least.
MJR_III: that is what
the data centers we use hve
MJR_III: mircea_popescu: you need
triphase if you are going
to have
that much
Diablo-D3: mircea_popescu: easier
to just have 208v
three phase and
then bring it down
to 48v dc
smickles: tiberiusiv: so you suggest
that he's a scammer b/c he's romainian and allows people
to post pictures you don't like, i understand
that. What would you suggest my course of action be based on
this information?
mircea_popescu: if i were runningtheir outfit i'd rend out a warehouse with a good
triphase line
MJR_III: but
that is
the bet you want
to make, if you believe you are right
MJR_III: so as with all entrepreneurial endeveavors,
there is risk and up front costs
MJR_III: like i always say, if you are not bullish on bitcoins, why start a company in
this space
MJR_III: but most businesses have
to invest ahead of
the growth curvve
mircea_popescu: today
they make decent dough, but also need an entire arsenal at
the ready.
MJR_III: trust me, i understand
the problems with
trying
to get
the scale you need
to make
things worthwhile
mircea_popescu: see, it's a mixed blessing. a year ago
they made red ink but at least knew all
the costs.
mircea_popescu: MJR_III now
think of
the legal bills
to defend
that million.
smickles: this year being
the past 365 days
to
the second
mircea_popescu: the guy
that can do
the job of 5 people is NOT cheaper
than hiring
the 5 people.
smickles: 17590762.3519516 btc volume
this year, if i mathed correctly
mircea_popescu: the
thing is, it
takes 9 months
to get a child out of a woman. not negotiable.
mircea_popescu: think a little about
the 10k a month and under exchanges.
mircea_popescu: but
this is
the case of mtgox. be it as it may, in most spaces
the
top dog can at least pay his salt.
MJR_III: but also...just because
they are
the best and have first mover advantage does not mean
that
they are running a good exchange
MJR_III: ugh, it doesn't auto-ignore
tiberiusiv
mircea_popescu: ( 2400 salary + 2800
tax + 1500 fixed) * 5 = 30k usd in employee costs.
MJR_III: and i believe
that some of
the fees is in dollars and some in btc...not sure how
they work
that out
MJR_III: and
they have a
ton of volume and very high fees
MJR_III: they make well over a million a month i
think
smickles: and
this past month would't be
the best indicator
MJR_III: that is
their volume for
the last 24 hours
MJR_III: there expenses are higher
than 53k a day?
mircea_popescu: since
there's no competition on fees its clearly not a profitable space.
mircea_popescu: MJR_III simply like
this : i look at
the immense fees.
smickles: and really, because of his jurisdiction, he owes
the usd value of
the btc at
the
time of
the
theft
gribble: BTCUSD
ticker | Best bid: 89.03000, Best ask: 89.50999, Bid-ask spread: 0.47999, Last
trade: 89.03000, 24 hour volume: 155306.17401255, 24 hour low: 75.00111, 24 hour high: 94.32000, 24 hour vwap: 86.37012
mircea_popescu: or you have mtgox, which clears about enough
to cover its costs.