log☇︎
937100+ entries in 0.686s
mircea_popescu: bgupta this isn't gpu mining.
Bowjob: Wtf. didnt know they had that much
bgupta: bear in mind all of these companies are rank amateurs muddling their ways through this.. companies like amd/intel/ti they would have shipped.
toffoo: only in the loosest sense of the word
toffoo: i have a feeling the asic race is something they'll be reading about in business school textbooks some day
bgupta: I'm wondering if their is a dark horse out there.. that we don't know about now.
Bowjob: we may not need a "june betting thread for BFL"
bgupta: I still find that challenging to believe they will never ship..
Bowjob: avalon may need to step their game up
bgupta: if bfl truly never ships, then asicminer is certainly undervalued..
Bowjob: ask the guy who bet 500 BTC on yes that BFL would ship by march 1st
Bowjob: forget them
Bowjob: since it used to be 600 units for pre order
Bowjob: they will deploy 100 units for themselves
bgupta: leaving only bfl for the masses.. (if they ever ship)
bgupta: intersting news that maybe avalon will deploy 3rd batch for their own mining operation
bgupta: I know what they are doing is not trivial, considering that they aren't just mining
bgupta: Being someone who did a small scale GPU mining operation 2 years ago. I can say the power/cooling/space issues aren't something traditional ops managers can deal with, nor are traditional datacenters built for this kind of operation.. I had to get many additional power circuits pulled in.
mircea_popescu: heh i like how the de-facto lot in options is 1k
mircea_popescu: bgupta i like the part where they're hashing. i dislike the part where i suspect they're lieing.
toffoo: i hate when that happens
mircea_popescu: toffoo well, suppose you got a hot chick ready and willing and you kept her waiting february to april because you couldn't find a place.
bgupta: you guys don't really like this mining company?
taub: getting a fight or flight feeling from this movement...
mircea_popescu: that's nonsense news. "sometime in the indefinite future BIG NUMBERS"
toffoo: good thing i don't work for you
mircea_popescu: listen, that's not big news.
bgupta: mircea_popescu: The big news for me is that the have or are working on a third batch, to bring total hashing to 200TH
mircea_popescu: unless he goes to india or some shit.
toffoo: well I previously didn't know that finding a place for these super chips was an issue
mircea_popescu: if i had an ops manager who had the equivalent of asics waiting in boxes for ~2 months i wouldn't just fire him
mircea_popescu: this doesn't count as worth the mention to me.
toffoo: "The rest devices are waiting to be deployed in the new place, which is under active construction to fit in both the first and the next batch of devices. They should be online sooner than the next batch, which is also close."
toffoo: I interpret his reply to mean that it's been a space or power issue … I quote:
bgupta: I don't trade btc/usd. I accept the volitility.
mircea_popescu: toffoo lemme know if he answers anything worth the mention then.
taub: this has gone up way too fast
taub: i do think we are bound for a big retracement
mircea_popescu: bgupta that's what i did for ~2 years.
toffoo: Chaang-Noi mircea_popescu I wrote an email to friedcat last night asking him to clarify the issue of the "missing" 6 TH ...
bgupta: What's interesting is I don't think I will ever plan to convert btc into fiat again.. (Bearing in mind currently btc is a small but ever growing fraction of my networth)… If I need something I will spend my fiat, and keep my btc. If I ever need something beyond the abilities to pay with fiat, I'll pay directly with btc.
taub: it didnt even take out a swing low
taub: well its not quite at the top i'm fishing at
mircea_popescu: (at the time nyt joined trilema had been charging for content for > a year. it's really the first publisher on the web to do it)
mircea_popescu: toffoo no. actually there's an artcile mocking the newcomer nyt for their failure
mircea_popescu: it's a gentle reminder that if you read somebody's stuff daily perhaps you should pay a centy
toffoo: is there some javascript way to get past it like NYT ? ;D
Bowjob: cant wait to see my coin tomorrow.. the one molec sent
bgupta: damn this coinlab changover is lame
bgupta: ah just dropped to 93.25
Bowjob: i watch this shit from coinlab
Bowjob: i will watch this
Chaang-Noi: it went from 91 right to 94 the spread is huge
bgupta: well if you have a large position the only way to unload is to sell into strength..
Chaang-Noi: trying to cool the market?
Chaang-Noi: i dont get it, why wait until we get a new ath then sell off, iv seen this more than once
taub: going to zero
bgupta: particularly in the US…
bgupta: no they have a stupid monopoly that they are trying to hang onto, and keep printing money
Chaang-Noi: how much do you think one of the first bfl assics, the 60 ghs one would be worth on the open market assuming they shipped next week?
mircea_popescu: they're just symptoms of a generalised attempt to make the world more like "it should be"
bgupta: ALl these insane laws that keep popping up are all big media trojan horses..
mircea_popescu: this is much akin to dementia.
mircea_popescu: bgupta nah, it's that "well meaning" and "polite" idiots are tring to enmesh their _mistaken_ assumptions into the very world they inhabit.
bgupta: THe biggest issue right now, is that big media is fucking the world.
Chaang-Noi: man, i think it shines all over the place
mircea_popescu: Chaang-Noi no i think it's actually THE point.
Chaang-Noi: i think you mean A point? one of many?
mircea_popescu: Chaang-Noi i think so.
Chaang-Noi: mp the ONE point?
mircea_popescu: the standard must mesh on reality, and the standard must specifically allow things that are illegal.
bgupta: so I know the issues.
mircea_popescu: for one, mixing regulation and standard is possibly the one point where american idiocy shines.
bgupta: I was actually at LibrePlanet this past weekend.
bgupta: Oh so… you are cursing the people the defective by design people are fighting?
bgupta: where is all the buying coming from?
gribble: There are currently 331.00957 bitcoins offered at or under 94.0 USD, worth 31114.8695592 USD in total. | Data vintage: 31.2242 seconds
gribble: There are currently 10174.928 bitcoins offered at or under 99.0 USD, worth 989746.147981 USD in total. | Data vintage: 13.7487 seconds
gribble: There are currently 1358.6874 bitcoins offered at or under 95.0 USD, worth 128551.288164 USD in total. | Data vintage: 5.9807 seconds
gribble: There are currently 331.00957 bitcoins offered at or under 94.0 USD, worth 31114.8695592 USD in total. | Data vintage: 0.8232 seconds
gribble: There are currently 0 bitcoins offered at or under 84.0 USD, worth 0.0 USD in total. | Data vintage: 0.0010 seconds
Bowjob: id be pissed off if it takes me 1 month to pull 9 grand
Bowjob: well,, those 300 adds up.
Bowjob: anyway, im sure they will take what they can
Bowjob: i thought it was 100
Bowjob: yeap. i'll watch the markets. heh
mircea_popescu: Bowjob that'll be fun to watch
ZedsterX: hehe nah just those that follow that jesus dude
gribble: There are currently 333.01557 bitcoins offered at or under 94.0 USD, worth 31303.4592214 USD in total. | Data vintage: 0.0012 seconds
ZedsterX: it's a holiday i think they need to relax
dub: wheres the top nignogs
benkay: ugh bitfloor is tres pricey
Bowjob: virtex is trading at 94-93
mircea_popescu: basically we have mpex ; havelock/bf/btct ; icbit/bitfinex/picostocks/bitbillions/whatever was the other two or three shits
gribble: BTCUSD ticker | Best bid: 87.50000, Best ask: 87.60010, Bid-ask spread: 0.10010, Last trade: 87.64419, 24 hour volume: 67656.57933412, 24 hour low: 79.95000, 24 hour high: 89.49999, 24 hour vwap: 85.76934
mircea_popescu: exactly the sort of thing bitcoin-geeks implement instead of testing the bitcoin client
mircea_popescu: basically, it;s a bulky impractical geeky solution to a problem that doesn't really exist.
mircea_popescu: a still owes to b or w/e
benkay: no commission, the spent inputs are invalid for the escrowed txn
benkay: i type shorter