4chan archive /g/ (index)
similar threads
2013-03-29 05:10 32634268 Anonymous (buttcoin.png 775x276 169kB)
1 min later 32634289 Anonymous
>>32634268
>ponzi scheme camouflaged with technical fluff
2 min later 32634301 Anonymous
>>32634289
>still hasn't crashed,
3 min later 32634320 Anonymous
>>32634289
>undoubtedly uses USD as currency
>points fingers at others and shouts "ponzi scheme"
top hue
5 min later 32634354 Anonymous
>>32634320
>defending the scheme
>probably in it for big bux
5 min later 32634359 Anonymous
>>32634347
sent ;)
6 min later 32634363 Anonymous
>>32634347
>Can someone just send me 170$?
6 min later 32634364 Anonymous
Kind anons, I'm on a mobile device in the middle of australian bushland. Can someone quote how much bitcoins are selling for at the moment?
Kind regards,
-Knoifeyspoohnney
7 min later 32634382 Anonymous
>>32634364
$89/coin.
bitcoinwatch.com
or if you have loads of bandwidth, bitcoinity.org/markets
7 min later 32634386 Anonymous
The 0.8 fiasco has shown how a government could theoretically take control of bitcoins:
just raid the devs and upload a compromised 'new' client. by the time anyone realizes the new blockchain will be too big to revert.
this is even easier if the devs are in on it.
8 min later 32634398 Anonymous
>>32634364
86 its dropping, sell sell sell till 50 then buy buy buy
9 min later 32634412 Anonymous
>>32634359
reported ;)
10 min later 32634452 Anonymous
>>32634268
is anyone else sick of always hearing about how bitcoin is going to crash?
Why don't we arrange a time that we all sell all of our bitcoins in an attempt to force one, just to see if it is possible?
11 min later 32634466 Anonymous
>>32634386
Wouldn't it be pretty obvious when the non updated clients aren't making the same bookchain as the new clients?
12 min later 32634489 Anonymous
>>32634452
>never heard of the hunt brothers
please tell me when you try to do so, that's literally free money for me.
13 min later 32634508 Anonymous
>>32634466
well, it'll be 99.9% the same blockchain, except with a few vital differences, such as fingerprinting and a few blocks that weren't there before.
look at how slow 0.8 was fixed. that was an accident. think about what a deliberate attack could do.
13 min later 32634512 Anonymous
>>32634466
and some of us watch bitcoin changes like a hawk (also some of us ensure the binaries don't have trojans by using gitian to compile from source)
14 min later 32634526 Anonymous
>>32634452
I have ten bitcoins and i'm in. Will sell at 5:00 gmt
52 min later 32635121 Anonymous
>>32634508
wat was there a problem with 0.800 ????
57 min later 32635214 Anonymous
50btc accounts getting hacked left and right by ukrainians. I suggest anyone who's mining with them to change their password as soon as possible.
57 min later 32635223 Anonymous
avalon batch #3 when
that will crash it a few hundred percent
59 min later 32635269 Anonymous
>>32634268
Is this still the preferred currency on the silk road?
1 hours later 32635295 Anonymous
>>32635269
it's the only one they accept..
1 hours later 32635342 Anonymous
>>32634268
Get your money laundering/pyramid scam shit out of here.
1 hours later 32635353 Anonymous
>>32634268
When BTC inevitably crashes again i'm gonna get in on it and go long. I'm kind of pissed that I didn't put some money away when it was at around $7 after mtgox got hacked back in the day. Could have made some money.
It's trading at $90 now so it's gonna have to burst again soon.
1 hours later 32635383 Anonymous
>>32635353
same here
i don't think it will ever get lower than 20 again though
1 hours later 32635561 Anonymous
Man, and I remember people on here laughing at me back when it was $25 and I was stocking my ass up
1 hours later 32635639 Anonymous
>>32635615
sent ;)
1 hours later 32635670 Anonymous (marketcapitalization.jpg 1059x597 43kB)
oh boy, look what time it is - 1929 allready.
1 hours later 32635672 Anonymous
>>32634268
Where do/did people buy FPGA setups, and did they really have resale value?
1 hours later 32635691 Anonymous
>>32635646
sent ;)
1 hours later 32635718 Anonymous
>>32635672
They have no resale value because at this point everyone wants an ASIC. Icarus was the last group to sell them and their final batch sold out late November/early December of last year.
1 hours later 32635733 Anonymous
>>32635718
>FPGA's don't have a resale value
>Field Programmable Gate Arrays do not have a resale value
ASICs by definition do not, because they can only be used for buttcoins
If you buy a correct FPGA assembly, you can easily reprogram it for anything else, or resell it to anyone else for use.
1 hours later 32635743 Anonymous
>>32635733
They don't have resale value. You're welcome to try and buy them, reprogram them, and find a new home.
1 hours later 32635745 Anonymous (fff.png 1069x705 48kB)
>>32635670
why do people keep posting this?
1 hours later 32635773 Anonymous
>>32635743
I have no idea what to tell you, do you think VHDL doesn't exist? That people don't use FPGAs anymore for anything?
1 hours later 32635778 Anonymous
>>32635745
mtgox btc/usd chart =|= btc market cap
1 hours later 32635784 Anonymous (1352489925158.gif 500x500 856kB)
>>32635639
Thanks alot!
1 hours later 32635786 Anonymous
>>32635743
Yes they do, they can have any program uploaded to them, or be used for SHA-256 hashing almost straight out of the box
Most of them are Xilins Spartan PGAS
ASICS can only be used to mine buttcoins
1 hours later 32635793 Anonymous
>>32635743
And it goes without saying you don't buy a PCB assembly which someone made explicitly for bitcoins
You buy a standard FPGA board and you reprogram it yourself to do hashing.
It's all but guaranteed that something someone made for bitcoins would be difficult if not impossible to repurpose, and you'd never want to try to resell something that screams "i use this for bitcoin mining"
you'd want to disguise and lie about it.
1 hours later 32635805 Anonymous
>>32635778
the point is that not using a log scale is extremely misleading
1 hours later 32635810 Anonymous
>>32635786
Yeah, i heard they used Spartans, but what confuses me is that I saw one person on bitconitalk that built / designed his own PCB Assembly that used them,
Surely there must have been stand alone pcb assemblies you can buy with those parts all populated, and you just reprogram the FPGA with VHDL and connect to a computer with it
1 hours later 32635814 Anonymous
>>32635786
FPGA*
Shit, i'm dumb today
1 hours later 32635840 Anonymous
>>32635805
Who uses a log scale for economics/finance? That's misleading. It should be linear
Unless you're measuring things in dB, or growth is exponential or similar, don't use log.
1 hours later 32635896 Anonymous
>>32635814
Xilinx as well* - I can never remember how to spell their name
The only thing i could think is that for bitcoins they probably wanted to shove as many spartan chips onto a single board (with sufficient FCBGA heatsink and possibly fan) to maximize hash rate per PCB assembly
frankly i'm stunned they built their own, it's not a trivial task to layout what must be at LEAST a 4 layer PCB assembly (and actually probably 6-8 or 10 because of the escape pinout of the BGA package), pay for it to be built, assembled, test it, debug it, revise the boards and assembly, repeat, until you get it to work.
1 hours later 32636021 Anonymous
>>32635896
Damnit, i should have known that /g/ doesn't know anything about this.
2 hours later 32636484 Anonymous (1355468923168.jpg 800x800 488kB)
>get on the bitcoin boat when it was new
>install everything and get about 2 bitcoins
>saw no use for it and never touched it again
>format drive a few times
>see these threads a year later
>mfw I didn't backup addresses or wallets
2 hours later 32636577 Anonymous
>>32636021
FPGA miners are cost prohibitive it takes 2232 operations to get a single SHA-256 hash using a CPU. Logic gate implementations require 96960 operations
2 hours later 32636603 Anonymous
>>32635805
meh, a decade isn't really long enough for me to shit over logarithmic scaling.
>>32635840
>Who uses a log scale for economics/finance?
u wot m8?
2 hours later 32636648 Anonymous
>>32636577
It's not about operations. The most important features are
>Hashs / Joule (e.g. power efficiency for long term usage)
>Hashs / second / $ (e.g. how long it takes you to pay back the cost of investment)
A miner that uses zero electricity but costs 10,000$ would eventually pay itself back, but over a very, very long timeframe. low risk, low reward
A miner that uses a lot of electricity but mines very fast would pay itself back quickly, but could lose money if bitcoin crashes or difficulty skyrockets. high risk, high reward
2 hours later 32636669 moema
I honestly don't follow the bitcoin-lust. It's a currency bubble for nerds, in my opinion.
5 hours later 32640727 Anonymous (pls.png 413x323 8kB)
>>32639487
2.806 0.069