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2013-02-07 01:13 31340842 goat BitCoin ASICs in the wild (f9pgd3.jpg 800x450 134kB)
Anyone here on /g/ want (or has) one of these?
1 min later 31340863 Isaac
>>31340842
Plenty of /g/ wants one i'm sure.
I'd love to hear from people who may have them.
Also, did that whole FGPA difficulty increase thing happen? I haven't checked difficulties, i just set and forget my miner.
2 min later 31340869 Anonymous
>bitcoin
my sides!
2 min later 31340877 Anonymous
I don't think more than two guys have gotten theirs yet, a developer and the foundation.
3 min later 31340891 Anonymous
>>31340863
Yeah, dif went up with FPGA but not massively. FPGA are great on the energy usage but they are not high powered. This thing in the photo is killer. 70 GH as 400 watts.
4 min later 31340906 Anonymous
>>31340877
I think you are right. There might be one other guy in China but not sure. I wonder if there are only two, or if they are just using them to mine with :)
6 min later 31340925 Isaac
>>31340891
Oooh okay.
Yeah i pull about 250mh/s on my HD5850 only running it over night, i've netted around 39 btc from it since i started, probs over a year now.
Should probably sell nowish seeing as how they're going back up, i don't think i want to wait till the next loop and if the difficulty really increases that much i'll just sell and stop doing it.
8 min later 31340956 Anonymous
>>31340925
How much did you pay for electricity?
15 min later 31341034 Isaac
>>31340956
I don't pay, that's the only reason that i've done it.
16 min later 31341046 Anonymous
>>31340925
if i where you id hold onto them, in 5 years bitcoins are going to be worth crazy....
17 min later 31341052 Isaac
>>31341046
Here's the thing, with uni coming up i'd like that money now. On top of that, i doubt BTC will be worth substantially more than it is now in 5 years time. Just my personal opinion.
17 min later 31341057 Anonymous
>>31341046
>implying anybody's going to know bitcoin in five years
21 min later 31341102 Anonymous
>>31341052
now that it is finaly going main stream i think the price will go way up but yeah, just my opinion,
hell 4chan even takes bitcoin now.
21 min later 31341108 Anonymous
>>31341057
digital money is not a fad, it is the future.
21 min later 31341117 Anonymous
>>31341102
>4chan = mainstream
my sides
22 min later 31341126 Anonymous
>>31341108
>implying digital money = buttcoin
23 min later 31341134 Anonymous
>>31341117
go back and reread what was said, try again.
23 min later 31341140 Anonymous
>>31341134
Not bored enough.
24 min later 31341146 Anonymous
>>31341126
what other true digital money is there other than bitcoin?
Canada's Mint Chip is years away at best,.
24 min later 31341153 Isaac
Look, if you guys think it's going to really shoot up, i hope your investments go well. I actually decided a while back that if they shot lot again i'd get in the shitfight to buy some at that price.
29 min later 31341218 Anonymous
>>31341153
I hold over 1000 btc and i do think it will do well. i think i might get a better price to buy more than at the over $20 now but i think in a few years it will be over $100.
the supply of bitcoins is so limited and the the demand is growing very fast.
5x in a few years with such a controlled supply is reasonable.
32 min later 31341256 Anonymous
>>31341153
>>31341218
>>31341146
Bitcoin isn't a currency, it's similar to shares.
35 min later 31341290 Anonymous
>>31341256
how so? it is not listed on an exchange, it is more like fiat or gold man...
shares imply there is a bitcoin business, not at all.
39 min later 31341342 Sheep™
>>31341290
Does anyone behind the scenes benefit from people "mining" bitcoins? As in, are the people who use their GPU's, giving someone that power? Or do the coins just appear for nothing?
43 min later 31341386 Anonymous
>>31341342
At firat I thought miners were collectively cracking some math problem whose solution a university or something would pay for.
44 min later 31341397 Sheep™
>>31341386
Thats what I presumed. It makes sense. But theres nothing about it anywhere
46 min later 31341417 Isaac
>>31341342
No, while this would be very effective, it's not really secure enough.
My other argument is that i could have $800 now when i need it, or $3000 (assuming massive price rise) in 5 years when i'm just starting to get a higher-order job, have money to burn. ect.
46 min later 31341420 Anonymous
>>31341397
It's a marketing ploy by GPU manufacturers.
47 min later 31341427 Anonymous
the mining is making sure all of the transactions are sound. the mining is what makes the btc network work... the reward however is what most people care about.
48 min later 31341436 Anonymous
>>31341420
now by ASICs chips makers? lulz
48 min later 31341437 Isaac
>>31341417
>Secure
Okay, not quite the right word.
Basically it has to be a useless activity otherwise A) what happens when it's done? (The chains are infinite, when they are all mined, the transaction taxes can still be mined back out of the network) and B) what happens if somebody already knows the answer?
48 min later 31341447 Anonymous
>>31341417
but it might be $50,000 but yeah, if you must ahve the money sure.
49 min later 31341449 Anonymous
>>31341057
whilst it can buy drugs, it will be used.
Unless we see drugs legalised globally within 5 years.
50 min later 31341455 Anonymous
>>31341449
dont forget money laundering. how else can you move $10,000,000 is a second over 45 countries?
50 min later 31341464 Anonymous
>>31340891
they are 600W. Avalon is the typical cheap chinese shit that somewhat works.
52 min later 31341492 Sheep™
>>31341427
In what way?
>>31341437
This makes sense.
54 min later 31341511 Isaac
>>31341447
I can't really see BTC being worth 21B.
It's cool, it's cool that some places use it. But really, does the general public need anonymous crypto currency? No. For the same reason the general public is fine being tracked by the people who make their consumer electronics. They don't really have any need for such a thing, and nor do they care.
54 min later 31341514 Anonymous
>>31341492
a block header is hashed twice with sha256. Now, you don't want any kind of hash, you want a hash with a defined number of zeros in front. To get there you have to append random characters and bruteforce a solution. This is expensive to do but cheap to verify.
56 min later 31341535 Isaac
>>31341455
Well it's not that quick because you need confirmations. So it's only as quick as the network.
>>31341492
Okay, i'm kind of talking out my ass, i know the basics of it but don't take my words for gospel.
59 min later 31341565 Anonymous
>>31341535
have you sent a bitcoin before? it takes less than a second. yeah it takes on average 5 mins to get the first confirmation but that is pretty damn fast. take 10 million in cash to your bank and tell them you need to send this to 45 different countries with out the govt knowing. see how long that takes...
1 hours later 31341583 Sheep™
>>31341514
Ahhhhh okay, this clarifies everything, thanks anon.
>>31341535
Doesnt matter, it made sense to me, i wasnt thinking about if the "problem" was actually solved. So yeah
1 hours later 31341594 Isaac
>>31341565
But you need to wait for confirmation for the second transaction do you not?
I'm under the impression that until the network says the first stop has received that BTC its impossible to send that BTC.
1 hours later 31341643 Isaac
>>31341594
Anyway, bed time.
Moral of the story?
Buy gold.
1 hours later 31341650 Anonymous
>>31341643
fucking aussies mang
1 hours later 31341661 Anonymous
>>31341594
true, you will ahve to wiat 10 mins to send again, but most people do not need to send their whol wallet balance less than every 10 mins.
btc is not perfect but its better than the current banking system for moving money around the world in seconds.
1 hours later 31341669 Anonymous
>>31341643
>Buy gold.
Even Gold can only take you so far. To ensure the survival of your bloodline, you’ll want to diversify your portfolio with…WOMEN. They have agile hands, a strong work ethic, and can be traded for potable water and ammunition. Or: GOLD.
But you can’t eat gold – and shouldn’t eating women be a last resort?
That's why you should also invest in SHEEP.
Excellent pack animals, that produce fine wool for warmth, their bones can be fashioned into tools. Not to mention, they make a fine companion if someone steals your women.
GOLD. WOMEN. SHEEP.
1 hours later 31341687 Anonymous
>>31341669
Don't forget guns, steel, and germs.
1 hours later 31341697 Anonymous
>>31341417
>high order job
>arts student
Le
1 hours later 31341718 Anonymous
>>31341697
uuuh, he didn't say he was an arts student anon.
You're not looking for someone to look down upon to make yourself feel better are you?
1 hours later 31341777 Anonymous
>>31341697
Any engineers feeling up to making a cost effective automated burger flipper?
1 hours later 31341789 Anonymous
>I don't pay for electricity
ITT children.
just ask your parents to increase your allowance.
fuck.
1 hours later 31341802 Anonymous
i trim it, if i put a blade near my face i get sore like an abused vagina
1 hours later 31341847 Anonymous
>>31341777
http://www.geekologie.com/2012/12/b urger-robot-can-crank-out-360-bph-b urge.php
1 hours later 31341918 Anonymous
>>31341789
...some developed countries get free electricity..Syria for one..
1 hours later 31341928 Anonymous
>>31341789
i do, thats why i fpga and asics.. lulz
1 hours later 31341930 Anonymous
>>31341918
>Syria
>developed
The only developed country in the area is Israel.
1 hours later 31341935 Anonymous
>>31341930
they wont be once syria gets a hold of them.. any time now...
2 hours later 31342875 Anonymous
>>31341669
>implying I wouldn't eat women on a daily basis
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