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nyrtzi



Joined: 08 Jul 2006
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nyrtzi
Noticed this on the web:

http://www.wired.com/wiredenterprise/2013/09/bitcoin-homeless/

Do any of you guys have bitcoins? And if yes what are you doing with them? A friend of mine has some has for some time been trading them online in order to make more by playing with the exchange rates at different exchange sites.
Post 24 Sep 2013, 16:25
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sleepsleep



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sleepsleep
consider that 1 BTC TO USD 133.00005 in today market,

and possibly value will rise upwards after the US dollar crashed.

it is a better and fair system compare to dollar printing,

and maybe if this bitcoin stuff seems successful, those wealthy people will just fork bitcoin and rebrand it into another digital currency name, and hijack all the starting block, since they never play by rules.
Post 24 Sep 2013, 17:40
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sleepsleep



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sleepsleep
maybe if we could have a fasm bitcoin miner, that would help and improve everybody life somehow.

https://board.flatassembler.net/~ultimca7/flatassembler.net/subdomains/board/topic.php?p=136734
Post 24 Sep 2013, 17:42
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HaHaAnonymous



Joined: 02 Dec 2012
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HaHaAnonymous
[ Post removed by author. ]


Last edited by HaHaAnonymous on 28 Feb 2015, 19:49; edited 1 time in total
Post 25 Sep 2013, 01:16
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sleepsleep



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sleepsleep
all the new coins appear, and probably never ending,

china coin, us coin, russia coin, saudi coin, japan coin,

another slave mode to ensure everybody inside capitalism

Image
Post 14 Dec 2013, 18:58
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HaHaAnonymous



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HaHaAnonymous
[ Post removed by author. ]


Last edited by HaHaAnonymous on 28 Feb 2015, 19:02; edited 1 time in total
Post 15 Dec 2013, 15:14
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typedef



Joined: 25 Jul 2010
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typedef
HaHaAnonymous wrote:
Money paper and nickel coins may end soon... In a few years people will receive their payments and pay only in digital form.

And then you can buy everything using credit card and/or bitcoins anywhere. No need to worry about counting hundreds of coins and/or notes. People will pay and receive faster than ever.

Today people can pay bills, buy almost anything using internet. Reducing the risks of going out and being stolen.

^^Yeah and with the upcoming implantable chip technology I'll be able to store my credentials securely in my body. Very Happy
Post 15 Dec 2013, 17:38
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revolution
When all else fails, read the source


Joined: 24 Aug 2004
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revolution
typedef wrote:
HaHaAnonymous wrote:
Money paper and nickel coins may end soon... In a few years people will receive their payments and pay only in digital form.

And then you can buy everything using credit card and/or bitcoins anywhere. No need to worry about counting hundreds of coins and/or notes. People will pay and receive faster than ever.

Today people can pay bills, buy almost anything using internet. Reducing the risks of going out and being stolen.

^^Yeah and with the upcoming implantable chip technology I'll be able to store my credentials securely in my body. Very Happy
Sounds like a terrible idea. It just makes it easier to track you and harder to do simple transactions on a casual basis.
Post 15 Dec 2013, 20:11
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HaHaAnonymous



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HaHaAnonymous
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Last edited by HaHaAnonymous on 28 Feb 2015, 19:01; edited 1 time in total
Post 16 Dec 2013, 02:21
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sleepsleep



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sleepsleep
HaHaAnonymous wrote:

Money paper and nickel coins may end soon... In a few years people will receive their payments and pay only in digital form.

agree, since most people want to enter this game,
money equal to electricity, equal to what inside database, at least this one is open source, which is somehow better than close bank database, at least, some sort of transparency is there.

i suppose everybody should get some bitcoin or litecoin,
Post 16 Dec 2013, 10:23
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dogman



Joined: 18 Jul 2013
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dogman
sleepsleep wrote:
money equal to electricity


Because of this and because even GPU farms can't keep up with dedicated ($$$$) ASICs specifically engineered to hash bitcoins there will come a point when mining is no longer worth it. At least until we get the Home Fusion Reactor and a bunch of banana peels or if somebody can hook up enough mules or a windmill to generate the 1.2 gigawatts.....

_________________
Sources? Ahahaha! We don't need no stinkin' sources!
Post 17 Dec 2013, 18:52
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sleepsleep



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sleepsleep
how far are we from now to a world without currency, without money, without government, without any power to force shaping others, without fear, without worry,

very far,
Post 18 Dec 2013, 19:51
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HaHaAnonymous



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HaHaAnonymous
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Last edited by HaHaAnonymous on 28 Feb 2015, 19:01; edited 1 time in total
Post 18 Dec 2013, 19:54
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revolution
When all else fails, read the source


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revolution
sleepsleep wrote:
how far are we from now to a world without currency, without money, without government, without any power to force shaping others, without fear, without worry,
About one billion (or similar time frame) years when the Earth's oceans will boil away under a bloated Sun. I doubt we can ever get to any distant star system and live elsewhere.
Post 18 Dec 2013, 19:56
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sleepsleep



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sleepsleep
dogman wrote:

ASICs specifically engineered to hash bitcoins

one question, is there a possibility for a GPU to outperform ASIC device?

what is the main factor that decide Hash / second?

is it a hardware factor or a software factor?
Post 18 Dec 2013, 20:04
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revolution
When all else fails, read the source


Joined: 24 Aug 2004
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revolution
sleepsleep wrote:
one question, is there a possibility for a GPU to outperform ASIC device?
No.
sleepsleep wrote:
what is the main factor that decide Hash / second?
Dedicated circuitry.
sleepsleep wrote:
is it a hardware factor or a software factor?
Hardware.

BTW: That was three questions, not one. Wink
Post 18 Dec 2013, 20:13
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sleepsleep



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sleepsleep
thanks for the information, revolution,


afaik, the goal is to find block with certain hash (maybe x number of zero)
if the timing of mining important?

eg, it is impossible to get another new hash block after 2 hours since previous discovered hash block

or

eg. it is possible to get 25 new hash block within 1 hour?

since the algo control how many new hash block per day, is when you mine, how long you mine add into the possibilities you found a hash block?

or this thing is total random?

and let say we found 3 new hash only today, does this mean, the 22 undiscovered would get accumulated to tomorrow total possible hash found amount?
Post 18 Dec 2013, 20:29
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revolution
When all else fails, read the source


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revolution
sleepsleep: Please use my website to get the answers. All of your answers are there waiting for you.
Post 18 Dec 2013, 20:53
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sleepsleep



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sleepsleep
yeah, i found this link useful.

http://bitcoin.stackexchange.com/questions/148/what-exactly-is-mining/922#922

Quote:
difficulty is a value that is adjusted consensually by the nodes of the bitcoin network to adjust for change in network computation power in order to have one block every 10 minutes found by the network


would sha256("0000000000000000000000000000000000000000000000000000000000000001")

and keep on adding 1 would end up discover all possible number to sha256 hashes?

it seems to me, it is very possible, and people would get collision soon.
Post 18 Dec 2013, 21:08
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revolution
When all else fails, read the source


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revolution
sleepsleep wrote:
would sha256("0000000000000000000000000000000000000000000000000000000000000001")

and keep on adding 1 would end up discover all possible number to sha256 hashes?
Nobody knows the answer to that. Perhaps it will, perhaps not. We don't have enough theory on SHA algos to know if all possible 2^256 outputs can be reached.
Post 18 Dec 2013, 21:11
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