At least 2 people have sent the list of requirements for ASIC that the BFL noobs kept ignoring on the FPGAs, that would allow them to work on P2Pool ...
P2Pool is not the final say in Bitcoin mining TBH
Topic: [Archive] BFL trolling museum - page 104. (Read 69394 times)
P2Pool is not the final say in Bitcoin mining TBH
At least 2 people have sent the list of requirements for ASIC that the BFL noobs kept ignoring on the FPGAs, that would allow them to work on P2Pool ...
I really hope they code these asics to be p2pool-friendly this time...
-- Smoov
-- Smoov
Yeah, at least you have the resale value of the GPUs. I'm pretty sure the ASICs will be useful for some time, so I don't think resale for them will be as big of a concern.
.. but you can EXPECT product costing half the price you paid. And you can expect huge volume of such products.
Regarding the statement GPU/FPGA will soon be useless for Bitcoin mining, atleast we know that ASIC is the final say, once you invest into it, you can only expect future products to have x1.5/x2.5 speed increase and not x25 like we are seeing now
Ok so was thinking this over and wanted to spell it out in case I'm mistaken. It would appear that once these BFL SC Jalapenos hit that they'll become pretty much a necessity to stay in the game, right?
1. Network right now is at ~12TH/sec.
2. Average Joe can buy what was originally a pretty dedicated BTC setup of ~4GH/sec for barely $150.
3. If nearly everyone buys one unit, hashing power goes up by 10x so blocks are solved 10x faster.
4. Target Difficulty will still adjust after 2016 blocks but the first batch of blocks once ASIC is active should be solved very fast (comparatively).
5. Us still sitting on GPUs will have our shares and fractions of a pool % dwindled down to barely anything since we would then be making up even less of the total network hashing power. We'd still submit the same shares as before of course but a block may contain 20 million shares instead of 2.
6. ASIC becomes self-aware and... Ok kidding, haha. ASIC becomes the main hashing method.
Not saying I couldn't recoup the money invested as the machines are still plenty good for many things outside of Bitcoin. At the same time though, it'd be nice to make sure I'm understanding it right to where hey, all of the time and effort spent in mining "the traditional way" will become pretty worthless in the coming months, block-halving notwithstanding.
I'd imagine the difficulty may not jump as much because of many people leaving once these changes happen but still, a 10x jump in network hashing power is pretty big, let alone something like 20x.
1. Network right now is at ~12TH/sec.
2. Average Joe can buy what was originally a pretty dedicated BTC setup of ~4GH/sec for barely $150.
3. If nearly everyone buys one unit, hashing power goes up by 10x so blocks are solved 10x faster.
4. Target Difficulty will still adjust after 2016 blocks but the first batch of blocks once ASIC is active should be solved very fast (comparatively).
5. Us still sitting on GPUs will have our shares and fractions of a pool % dwindled down to barely anything since we would then be making up even less of the total network hashing power. We'd still submit the same shares as before of course but a block may contain 20 million shares instead of 2.
6. ASIC becomes self-aware and... Ok kidding, haha. ASIC becomes the main hashing method.
Not saying I couldn't recoup the money invested as the machines are still plenty good for many things outside of Bitcoin. At the same time though, it'd be nice to make sure I'm understanding it right to where hey, all of the time and effort spent in mining "the traditional way" will become pretty worthless in the coming months, block-halving notwithstanding.
I'd imagine the difficulty may not jump as much because of many people leaving once these changes happen but still, a 10x jump in network hashing power is pretty big, let alone something like 20x.
...and then, most of you will start mining Litecoins with your now useless GPU's? Damn...
I suppose either that or dedicate the power toward a distributed scientific project.
Ok so was thinking this over and wanted to spell it out in case I'm mistaken. It would appear that once these BFL SC Jalapenos hit that they'll become pretty much a necessity to stay in the game, right?
1. Network right now is at ~12TH/sec.
2. Average Joe can buy what was originally a pretty dedicated BTC setup of ~4GH/sec for barely $150.
3. If nearly everyone buys one unit, hashing power goes up by 10x so blocks are solved 10x faster.
4. Target Difficulty will still adjust after 2016 blocks but the first batch of blocks once ASIC is active should be solved very fast (comparatively).
5. Us still sitting on GPUs will have our shares and fractions of a pool % dwindled down to barely anything since we would then be making up even less of the total network hashing power. We'd still submit the same shares as before of course but a block may contain 20 million shares instead of 2.
6. ASIC becomes self-aware and... Ok kidding, haha. ASIC becomes the main hashing method.
Not saying I couldn't recoup the money invested as the machines are still plenty good for many things outside of Bitcoin. At the same time though, it'd be nice to make sure I'm understanding it right to where hey, all of the time and effort spent in mining "the traditional way" will become pretty worthless in the coming months, block-halving notwithstanding.
I'd imagine the difficulty may not jump as much because of many people leaving once these changes happen but still, a 10x jump in network hashing power is pretty big, let alone something like 20x.
1. Network right now is at ~12TH/sec.
2. Average Joe can buy what was originally a pretty dedicated BTC setup of ~4GH/sec for barely $150.
3. If nearly everyone buys one unit, hashing power goes up by 10x so blocks are solved 10x faster.
4. Target Difficulty will still adjust after 2016 blocks but the first batch of blocks once ASIC is active should be solved very fast (comparatively).
5. Us still sitting on GPUs will have our shares and fractions of a pool % dwindled down to barely anything since we would then be making up even less of the total network hashing power. We'd still submit the same shares as before of course but a block may contain 20 million shares instead of 2.
6. ASIC becomes self-aware and... Ok kidding, haha. ASIC becomes the main hashing method.
Not saying I couldn't recoup the money invested as the machines are still plenty good for many things outside of Bitcoin. At the same time though, it'd be nice to make sure I'm understanding it right to where hey, all of the time and effort spent in mining "the traditional way" will become pretty worthless in the coming months, block-halving notwithstanding.
I'd imagine the difficulty may not jump as much because of many people leaving once these changes happen but still, a 10x jump in network hashing power is pretty big, let alone something like 20x.
...and then, most of you will start mining Litecoins with your now useless GPU's? Damn...
Ok so was thinking this over and wanted to spell it out in case I'm mistaken. It would appear that once these BFL SC Jalapenos hit that they'll become pretty much a necessity to stay in the game, right?
1. Network right now is at ~12TH/sec.
2. Average Joe can buy what was originally a pretty dedicated BTC setup of ~4GH/sec for barely $150.
3. If nearly everyone buys one unit, hashing power goes up by 10x so blocks are solved 10x faster.
4. Target Difficulty will still adjust after 2016 blocks but the first batch of blocks once ASIC is active should be solved very fast (comparatively).
5. Us still sitting on GPUs will have our shares and fractions of a pool % dwindled down to barely anything since we would then be making up even less of the total network hashing power. We'd still submit the same shares as before of course but a block may contain 20 million shares instead of 2.
6. ASIC becomes self-aware and... Ok kidding, haha. ASIC becomes the main hashing method.
Not saying I couldn't recoup the money invested as the machines are still plenty good for many things outside of Bitcoin. At the same time though, it'd be nice to make sure I'm understanding it right to where hey, all of the time and effort spent in mining "the traditional way" will become pretty worthless in the coming months, block-halving notwithstanding.
I'd imagine the difficulty may not jump as much because of many people leaving once these changes happen but still, a 10x jump in network hashing power is pretty big, let alone something like 20x.
1. Network right now is at ~12TH/sec.
2. Average Joe can buy what was originally a pretty dedicated BTC setup of ~4GH/sec for barely $150.
3. If nearly everyone buys one unit, hashing power goes up by 10x so blocks are solved 10x faster.
4. Target Difficulty will still adjust after 2016 blocks but the first batch of blocks once ASIC is active should be solved very fast (comparatively).
5. Us still sitting on GPUs will have our shares and fractions of a pool % dwindled down to barely anything since we would then be making up even less of the total network hashing power. We'd still submit the same shares as before of course but a block may contain 20 million shares instead of 2.
6. ASIC becomes self-aware and... Ok kidding, haha. ASIC becomes the main hashing method.
Not saying I couldn't recoup the money invested as the machines are still plenty good for many things outside of Bitcoin. At the same time though, it'd be nice to make sure I'm understanding it right to where hey, all of the time and effort spent in mining "the traditional way" will become pretty worthless in the coming months, block-halving notwithstanding.
I'd imagine the difficulty may not jump as much because of many people leaving once these changes happen but still, a 10x jump in network hashing power is pretty big, let alone something like 20x.
As a reminder for those still on the fence: https://bitcointalksearch.org/topic/glbse-diablo-insurance-butterfly-labs-bitforce-sc-insurance-782930903-92244
Ah yes, derivatives. How can anything go wrong when we add in another counter-party risk?Anyone selling derivatives that pay out in case Diablo defaults on his obligations to pay back his derivatives?
As a reminder for those still on the fence: https://bitcointalksearch.org/topic/glbse-diablo-insurance-butterfly-labs-bitforce-sc-insurance-782930903-92244
DI.Fail ?
As a reminder for those still on the fence: https://bitcointalksearch.org/topic/glbse-diablo-insurance-butterfly-labs-bitforce-sc-insurance-782930903-92244
Yes, well aware.
You know that refund is only after 60 days post missed deadline, right? They left themselves lots of wiggle room this time.
I know how you feel. But read all about them everywhere, then give them your money.
I did the same and paid by wire. I have no right to complain unless the delivery date lapses without a product, then I have my right of refund as advised.
I did the same and paid by wire. I have no right to complain unless the delivery date lapses without a product, then I have my right of refund as advised.
i think i may come here every hour or 2 to just re-iterate until someone does something about taking $600 off someone for NOTHING!
Please don't.
Has BFL said when they will have PayPal processing ready for pre-orders?
I have all of the cash for an SC on a pre-paid credit card for security. I do not want to to a bank transfer, and do not want to use the BTC I have in reserve due to the steadily rising prices.
They said they were going to add paypal, but its still not on their pre-order page.
I have all of the cash for an SC on a pre-paid credit card for security. I do not want to to a bank transfer, and do not want to use the BTC I have in reserve due to the steadily rising prices.
They said they were going to add paypal, but its still not on their pre-order page.
The only reason you would want to use a credit card over BTC is for protection against them going belly up and taking your money. If you use a credit card you have recourse to get your dollars back.
I know how you feel I would like to have that kind of insurance as well.
If anyone would like to sell their current FPGA mini rig order, let me know. -> https://bitcointalksearch.org/topic/wtb-your-bfl-mini-rig-order-92917
Has BFL said when they will have PayPal processing ready for pre-orders?
I have all of the cash for an SC on a pre-paid credit card for security. I do not want to to a bank transfer, and do not want to use the BTC I have in reserve due to the steadily rising prices.
They said they were going to add paypal, but its still not on their pre-order page.
I have all of the cash for an SC on a pre-paid credit card for security. I do not want to to a bank transfer, and do not want to use the BTC I have in reserve due to the steadily rising prices.
They said they were going to add paypal, but its still not on their pre-order page.
The only reason you would want to use a credit card over BTC is for protection against them going belly up and taking your money. If you use a credit card you have recourse to get your dollars back.
I know how you feel I would like to have that kind of insurance as well.
Has BFL said when they will have PayPal processing ready for pre-orders?
I have all of the cash for an SC on a pre-paid credit card for security. I do not want to to a bank transfer, and do not want to use the BTC I have in reserve due to the steadily rising prices.
They said they were going to add paypal, but its still not on their pre-order page.
I have all of the cash for an SC on a pre-paid credit card for security. I do not want to to a bank transfer, and do not want to use the BTC I have in reserve due to the steadily rising prices.
They said they were going to add paypal, but its still not on their pre-order page.
Its taking everything they have to be shipping those
Has BFL said when they will have PayPal processing ready for pre-orders?
I have all of the cash for an SC on a pre-paid credit card for security. I do not want to to a bank transfer, and do not want to use the BTC I have in reserve due to the steadily rising prices.
They said they were going to add paypal, but its still not on their pre-order page.
I have all of the cash for an SC on a pre-paid credit card for security. I do not want to to a bank transfer, and do not want to use the BTC I have in reserve due to the steadily rising prices.
They said they were going to add paypal, but its still not on their pre-order page.
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