|
BondGamer posted:2) Bitcoin crashes after you pay off the hardware, you end up with tens of thousands of dollars of equipment to use/sell. Both these assume you can offload them at a rate that gets them gone in a decent timeframe at a decent price.
|
#
¿
Jun 16, 2011 02:31
|
|
|
|
| # ¿ Apr 19, 2024 11:52 |
|
|
duck hunt posted:Actually it seems like the community of users is pretty good. If bit coin was all about scamming, then very few people would be using them, which decreases their overall value. Have you visited the BTC forum lately? There's more "OMG I LOST EVERYTHING/GOT SCAMMED" threads than most else these days, they're at the point where they want people to setup essentially BTC banks to stop it.
|
|
#
¿
Jun 16, 2011 03:07
|
|
|
evensevenone posted:There's like two of those threads and reading the first sentence of them will reveal that their posters were complete morons. have you noticed the threads offering services that half of which seem to get hacked?
|
|
#
¿
Jun 16, 2011 03:16
|
|
|
Obsurveyor posted:You could probably social engineer Newegg into giving up the info for that P.O. number that is clearly shown on those MSI boxes, assuming he got everything from there. Surely he didn't buy them retail....  I mean if I'm buying that quantity of hardware for my "business" I'd go straight to the wholesalers.
|
|
#
¿
Jun 16, 2011 04:19
|
|
|
Obsurveyor posted:If it is wholesale why did he buy the same card but various brands? It seems to me he had a number of machines he wanted to build and a card model he wanted(those 890FXA-GD70s are the only different ones) but could not get the same brand for all of them because of stock. Also, I thought wholesalers dealt more in volumes of "half a cargo container" not 100 or so video cards and not even of the same make/model. I'd call an order for possibly $25,000+ worth of hardware sufficient for a wholesaler.
|
|
#
¿
Jun 16, 2011 04:45
|
|
|
Obsurveyor posted:Good point but it still does not explain why he has five different brands of the same video card. I guess I have a different idea of "wholesale" vs. just getting discounts for quantity purchases from a regular online retailer. Though it does appear Newegg does not do this(perhaps through direct sales only), so maybe elsewhere. Probably just said "give me every card you have with X chipset" or whatever. However having seen what else these miners have done, I wouldn't be surprised in the least if he bought it all from a retail outlet.
|
|
#
¿
Jun 16, 2011 04:55
|
|
|
TC_ posted:Maybe he's just an idiot, have we considered that? Blowing $25k or more on computer hardware to search for monopoly money? I think you might be onto something with your hypothesis......... 
|
|
#
¿
Jun 16, 2011 05:01
|
|
|
Obsurveyor posted:Anyone know why the ATIs are so much more faster at calculating hashes than the Nvidias? Does this translate to real-world 3D performance or just this specific instance? I am extremely biased against ATI because of having to deal with their horrible drivers for over a decade at work. ATI cards can do more things in parallel or something, so they get more calculations done in the same time, or something like that. EDIT: Yeah, what he said above.
|
|
#
¿
Jun 16, 2011 05:10
|
|
|
Devian666 posted:I think you mean a card that ran 24/7 with inadequate cooling of three blower fans in an enclosed room with no cooling. Then again would you buy them from the guy who's become retarded from heat stroke? Given he originally purchased them by swapping his car and cat for bitcoins. On the other hand, possible dirt cheap as they try to panic sell them like they will their precious Bitcoins. Guess it depends how cheap.
|
|
#
¿
Jun 16, 2011 05:16
|
|
|
Running a that many video cards at 100% (maybe even 110% if he overclocks them a touch) is going to need at least proper 24/7 A/C, a couple of fans blowing the hot air around isn't going to accomplish much.
|
|
#
¿
Jun 16, 2011 05:42
|
|
|
Thompsons posted:Welp I'm retarded and don't understand computers The life wouldn't be that terrible if properly cooled, and most GPU's, CPU's and motherboards have at least some basic failsafes to try and prevent the electronics from frying in the even of a cooling fan failing, but it is going to bring them closer to their death.
|
|
#
¿
Jun 16, 2011 05:46
|
|
|
http://forum.bitcoin.org/index.php?PHPSESSID=d76d0971f5ab6525151cfae02adee045&topic=17451.msg228126#msg228126 I love these guys. It's perfectly stable! LOOK AT MY GRAPH WITH RANDOM LOGARITHMIC SCALES PROVING IT!  Even these guys thing Orange's argument doesn't work. quote:A stable price is welcome, but we must remember that difficulty went up 50% yesterday. The price didn't budge. There's no reason to believe the price will go higher when difficulty again goes up by 50% in a week's time. Within the space of around 2 weeks a miner will be making less than half what they used to.
|
|
#
¿
Jun 17, 2011 01:42
|
|
|
Doody the Clown posted:That graph is for volume of trading, not value. The dip makes sense because the huge increase in activity was when somebody cashed a ton of Bitcoins out at the same time which is what caused the huge decrease in price in the first place. That's the context he's using it in yes, it's still a completely misleading graph using a linear scale for volume and a logarithmic one for value that conveniently downplays the massive fluctuations in price recently while showing a steadily increasing rate of trading making it look like a stable rise in both, not a complete wild roller coaster.
|
|
#
¿
Jun 17, 2011 01:56
|
|
|
Drone_Fragger posted:Wow I only just noticed the politics forum. and it's full of loving atlas goldmine material: He's sounds like the pretty typical 17 year old only child with fairly well off parents and has no idea about how the world works outside his basement.
|
|
#
¿
Jun 17, 2011 02:00
|
|
|
Devian666 posted:The real question is how to capitalise on making GBS threads up the bitcoin community. Ransom control of the system off for a sizeable chunk of Bitcoins. When they pay up post a video of you showing the wallet.dat file on a cheap USB stick, then pulling it out of the computer and smashing it into dust with a hammer/microwaving it/putting in a bucket of salty water that's been electrified by a car battery, all while laughing manically. EDIT: Actually, since they're mostly libertarians you should film yourself giving it to a homeless person or something.
|
|
#
¿
Jun 17, 2011 05:28
|
|
|
Lutha Mahtin posted:It would be funny if peoples' experience with Bitcoin means a bunch of ignorant "libertarians" learn that regulations might not be totally bad all the time. Oh how optimistic you are my friend, the much more likely scenario is that they'll blame the regulations for it's failure.
|
|
#
¿
Jun 17, 2011 07:15
|
|
|
dipwood posted:Sweet, the 3,000 bitcoin $15.30 wall crumbled! That allowed the price to tumble all the way down to $12 before adjusting. Once people re-listed all their bids and asks after that point, the entire market depth shifted to the left, creating new walls. This is hilarious, I woke up an hour ago and was reading about how it was holding at $15-$17, and it's already smashed it's way through that. dipwood posted:It's fun to pretend to be an economist for a market where all the participants are morons! It makes alot more sense when you compare it to MMO markets and notice that they seem to have a similar level of impatience when it comes to moving their product when they want to sell, people in MMO's can NEVER wait to sell their poo poo to the point where they sell it for less than cost rather than waiting for a profit sale.
|
|
#
¿
Jun 17, 2011 23:27
|
|
|
dipwood posted:Mystery buyer spotted! Someone bought over 7,000 bitcoins in the last 10 minutes. Jesus Christ, WHAT THE gently caress IS WRONG WITH THESE PEOPLE!
|
|
#
¿
Jun 18, 2011 00:04
|
|
|
gnarlyhotep posted:Serious question: what do these guys think would happen if the US gov't was charged with treason? (it makes absolutely no sense but bear with me) Liberpocalypse, 6 months after the US gets charged the true libertarians are taken to libertopia while the rest of us don't give a gently caress.
|
|
#
¿
Jun 18, 2011 00:58
|
|
|
Everyday Potato posted:We have found the enemy, and he is amongst us. Good old conspiracies, yes I'm sure a few trillion dollar worldwide industry is shaking in their boots over some random internet guys proof of concept cyrptocurrency. I'm also certain that if Bitcoin truly did take over as the standard currency worldwide, that banks would find some way to profit from it the same they do currently.
|
|
#
¿
Jun 18, 2011 01:38
|
|
|
Katana Gomai posted:Pretty dumb to make a thread about how you're losing money, thus scaring other potential miners off, instead of just silently selling your gear to other idiots at 95% price. Then again, it's already pretty stupid to spend 11k without doing the math first so I am not surprised. Or a deliberate scare tactic to reduce the difficulty.
|
|
#
¿
Jun 18, 2011 12:19
|
|
|
Orange Sunshine posted:Yep, that's how it would work. But the odds of 75% of the processing power disappearing from the network right after the update are pretty small. He's also probably the only guy that's done the actual proper math on it and not just gone "FREE MONEY!" and rushed down to the closest computer shop to buy it out.
|
|
#
¿
Jun 18, 2011 12:38
|
|
|
Realjones posted:
I think alot of people don't factor in the whole difficulty thing when they do their calculations, you basically need to be making enough to pay off whatever you buy in a matter of weeks before the difficulty increases again and eats into whatever margin you had. It's for that reason I think the intention for the mining aspect was never to be a big "commercial" thing, but more like a F@H client that Bitcoin users run in the background on their home PC.
|
|
#
¿
Jun 18, 2011 14:01
|
|
|
I just opened up the stream and got an ad for Bank of Queensland. I giggled at it. This is the most terrible production ever.
|
|
#
¿
Jun 20, 2011 03:45
|
|
|
"Alot of security guys say bcrypt isn't that good" Well I'm convinced! EDIT: Watching this guy pass the mic about everywhere is loving hilarious, this couldn't be more amateur if they tried to be.
|
|
#
¿
Jun 20, 2011 03:49
|
|
|
I love how everytime he asks the Mtgox guy a question, his answer is always "uuuhhhh give me a minute...."
|
|
#
¿
Jun 20, 2011 03:53
|
|
|
Xandu posted:To be fair, he's just answering the questions for the owner who doesn't feel comfortable with an interview in english, so he has to keep consulting him. Oh, well that explains that then
|
|
#
¿
Jun 20, 2011 03:56
|
|
|
Wow a new CMOS sensor! How interesting.
|
|
#
¿
Jun 20, 2011 04:01
|
|
|
Did he seriously just imply his programming team were hackers with no formal qualifications?
|
|
#
¿
Jun 20, 2011 04:12
|
|
|
barking frog posted:That's interesting. Have we just been trolled? I think the more likely scenario is that they're just clueless. Also it was the Tradehill guy who said they would look into SSL if it was cost effective.
|
|
#
¿
Jun 20, 2011 04:38
|
|
|
waffle posted:What is this. I jsut turned on the feed and the guy is telling everyone to youtube some girl he has on his cell phone. How long is this supposed to go on for? Is this guy drunk? These are questions I need answered It ended about 20 minutes ago, they're just shooting the poo poo now.
|
|
#
¿
Jun 20, 2011 04:39
|
|
|
NihilCredo posted:Even more puzzling, since Tradehill is SSL-certified by Starfield Technology right now. Hey man, they have some security experts from the grey area of hacking, I think they'd know if they were SSl certified....
|
|
#
¿
Jun 20, 2011 05:05
|
|
|
illiniguy01 posted:what is the waitfor delay supposed to do? Probably a script to create a bunch of new accounts for people wanting to withdraw more than $1000/day. Or at least htat's my guess. EDIT: Oh ok ^^ makes a lot more sense.
|
|
#
¿
Jun 20, 2011 06:12
|
|
|
Peter Ugsly posted:Tell me there was a recording made of that interview, or at least a transcript somewhere. I don't know, but I just found this http://onlyonetv.com/?p=57 And from about 10 minutes on it's an aboslute goldmine of hilarity when they start talking about what Bitcoin is. EDIT: Therealplato says he sold his TV for 150 Bitcoins and that's good for 3 tanks of gas, thats some loving expensive gas 
|
|
#
¿
Jun 20, 2011 10:27
|
|
|
Captain Beans posted:So this exchange MTGOX how do they make money to cover their expenses? I got the impression that they charge fees for transactions but is it in dollars or bitcoins? 0.65%, in USD.
|
|
#
¿
Jun 20, 2011 23:37
|
|
|
spidoman posted:They take a percentage of bitcoin transactions, in the form of bitcoins, I assume they then sell off those bitcoins in their own market for cash. You know, something that actually has worth. I'm 95% sure they just charge 0.65% on outgoing USD withdrawals. Which is partly why I never got the $1000/day limit, but I guess it must be working for them.
|
|
#
¿
Jun 20, 2011 23:41
|
|
|
Secret Agent Cow posted:It seems that atlas is feuding with the guy who got all of his bitcoins stolen in this thread http://forum.bitcoin.org/index.php?topic=20334.0 loving hell I hope Atlas's parents kick him out on the street and he ends up having to suck cocks in an alleyway to pay for all his libertarian needs.
|
|
#
¿
Jun 21, 2011 04:03
|
|
|
ReidRansom posted:And I still think it's hilarious how they keep saying how many millions of dollars of bitcoins it was when the value of those bitcoins is exactly what he paid for them, since that's more or less the price he would get if he tried to fill all existing buy orders. I love how they keep valuing everything in USD when Bitcoins are going to be the defacto currency of the future! Shouldn't they be talking about how many Bitcoins it was and not how many USD in that case?
|
|
#
¿
Jun 21, 2011 06:42
|
|
|
Mufreesboro posted:They kind of have to make that comparison, as it wouldn't be too intelligible to use bitcoins as a way to compare value. The thing is though they're trying to make it a stand alone currency. I mean you don't get your USD paycheck and figure out how many Euro's you earned in the week now do you? Or have get your bank account hacked and equate how many Euro's worth of USD you lost.
|
|
#
¿
Jun 21, 2011 07:09
|
|
|
|
| # ¿ Apr 19, 2024 11:52 |
|
|
The gently caress is the point of this 24/7 live webcam OnlyOneTV has going?
|
|
#
¿
Jun 21, 2011 08:22
|
|