(I think that this could work but I'm not Shure) 
Topic: [Archive] BFL trolling museum - page 123. (Read 69394 times)
Sending under Nda or evaluation unit should do the trick (I think that this could work but I'm not Shure)
(I think that this could work but I'm not Shure)
when do you all think they'll be accepting pre orders?
I think it's great that the ASIC transition is finally on its way.
I'm just a bit miffed 'caue I probably won't get my hands on one util you guys already have sent the difficulty to the sky!
Any news on the "tax-free strategy for Europe shipments"?
I'm just a bit miffed 'caue I probably won't get my hands on one util you guys already have sent the difficulty to the sky!
Any news on the "tax-free strategy for Europe shipments"?
my concern is less with it being a transition and more with the potential, as described by some in this thread, for it to basically ruin profitable mining. tha'ts bad forall involved, really. no profit for miners, and no miners verifying transactions...
of course, i find it hard to imagine a climate in which BFL (or anyone) could be so stupid as to intentionally and knowling destroy their only market.
butthen, i'm generally rather optimistic about peoples intelligence...
of course, i find it hard to imagine a climate in which BFL (or anyone) could be so stupid as to intentionally and knowling destroy their only market.
butthen, i'm generally rather optimistic about peoples intelligence...
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3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
Something's not right with these equations unless the profit margins are ridiculously large...
There seems to be a natural law of diminishing returns built into the Bitcoin mining ecosystem that every player is subject to, it's a law that resists hegemony and is central to the Bitcoin idea. Bitcoin can be broken if it's not fast enough but if it is [broken] then no one profits. As it stands it's so big right now it would take a huge concerted effort but once ASICs become common not even combined governments will be able to take it down, if that's even possible already.
CPU to GPU was good, GPU/FPGA to ASIC will be much better IMHO. Here's hoping anyway.
If it takes 2 weeks for the difficulty to adjust, could BFL mine all the remaining bitcoins before it adjusts? Or perhaps a smaller number - like 1 million?
If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
No, the difficulty adjusts every 2016 blocks, regardless of whether it took 6 months or 6 minutes.If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
I anticipate that the time it takes to reach the 12.5 BTC block reward will be a few months less than the time it has taken to approach the 25 BTC block reward. It's going to be hilarious to see the difficulty and frequency of block generation increase when those 1 T/hash models start reaching consumers. We might even have have a few periods where it takes as little as 3 days to see a difficulty change.
One thing is for sure...whoever the lucky few are to receive the 1 T/hash model before the rest of the pack are going to have one hell of a good month.
If the first ASIC provider decides to mine for himself for a while, there will be very little benefit for the end user.
Even if the provider decides to double the total network hashing power all by himself (e.g. 30 T/hashes total in the network), a single person with 1 T/hash is still going to have a field day. Even with 200 T/Hash in the network, 1 T/hash is enough to earn steady profit (approximately 10 blocks mined solo in a given difficulty period). It will take a while for 200 1 T/hash machines to reach consumers, so those that get them first will likely have no problem getting their money back.
On the other hand, I would expect the price of BTC to plummet temporarily when these things start reaching consumers. If I was the first to have a 1 T/hash model, every single mined coin would be sold ASAP.
Edit: BTW at current difficulty and taking into account the reward halving, you're still looking at $2000+/day with 1 T/hash.
I don't really think in terms of the dollar with Bitcoin. I see Bitcoin being traded at possibly 100-1000 times more than today in the next few years (5-10), so I'm extremely hesitant to sell now.
If everyone had that mentality, one of two scenarios would happen: 1) There wouldn't be a 100-1000 fold increase in value, or 2) you would witness the largest bubble and largest subsequent collapse that any market has seen in the history of mankind.
If it takes 2 weeks for the difficulty to adjust, could BFL mine all the remaining bitcoins before it adjusts? Or perhaps a smaller number - like 1 million?
If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
No, the difficulty adjusts every 2016 blocks, regardless of whether it took 6 months or 6 minutes.If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
I anticipate that the time it takes to reach the 12.5 BTC block reward will be a few months less than the time it has taken to approach the 25 BTC block reward. It's going to be hilarious to see the difficulty and frequency of block generation increase when those 1 T/hash models start reaching consumers. We might even have have a few periods where it takes as little as 3 days to see a difficulty change.
One thing is for sure...whoever the lucky few are to receive the 1 T/hash model before the rest of the pack are going to have one hell of a good month.
If the first ASIC provider decides to mine for himself for a while, there will be very little benefit for the end user.
Even if the provider decides to double the total network hashing power all by himself (e.g. 30 T/hashes total in the network), a single person with 1 T/hash is still going to have a field day. Even with 200 T/Hash in the network, 1 T/hash is enough to earn steady profit (approximately 10 blocks mined solo in a given difficulty period). It will take a while for 200 1 T/hash machines to reach consumers, so those that get them first will likely have no problem getting their money back.
On the other hand, I would expect the price of BTC to plummet temporarily when these things start reaching consumers. If I was the first to have a 1 T/hash model, every single mined coin would be sold ASAP.
Edit: BTW at current difficulty and taking into account the reward halving, you're still looking at $2000+/day with 1 T/hash.
I don't really think in terms of the dollar with Bitcoin. I see Bitcoin being traded at possibly 100-1000 times more than today in the next few years (5-10), so I'm extremely hesitant to sell now.
If it takes 2 weeks for the difficulty to adjust, could BFL mine all the remaining bitcoins before it adjusts? Or perhaps a smaller number - like 1 million?
If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
No, the difficulty adjusts every 2016 blocks, regardless of whether it took 6 months or 6 minutes.If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
I anticipate that the time it takes to reach the 12.5 BTC block reward will be a few months less than the time it has taken to approach the 25 BTC block reward. It's going to be hilarious to see the difficulty and frequency of block generation increase when those 1 T/hash models start reaching consumers. We might even have have a few periods where it takes as little as 3 days to see a difficulty change.
One thing is for sure...whoever the lucky few are to receive the 1 T/hash model before the rest of the pack are going to have one hell of a good month.
If the first ASIC provider decides to mine for himself for a while, there will be very little benefit for the end user.
Even if the provider decides to double the total network hashing power all by himself (e.g. 30 T/hashes total in the network), a single person with 1 T/hash is still going to have a field day. Even with 200 T/Hash in the network, 1 T/hash is enough to earn steady profit (approximately 10 blocks mined solo in a given difficulty period). It will take a while for 200 1 T/hash machines to reach consumers, so those that get them first will likely have no problem getting their money back.
On the other hand, I would expect the price of BTC to plummet temporarily when these things start reaching consumers. If I was the first to have a 1 T/hash model, every single mined coin would be sold ASAP.
Edit: BTW at current difficulty and taking into account the reward halving, you're still looking at $2000+/day with 1 T/hash.
If it takes 2 weeks for the difficulty to adjust, could BFL mine all the remaining bitcoins before it adjusts? Or perhaps a smaller number - like 1 million?
If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
No, the difficulty adjusts every 2016 blocks, regardless of whether it took 6 months or 6 minutes.If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
I anticipate that the time it takes to reach the 12.5 BTC block reward will be a few months less than the time it has taken to approach the 25 BTC block reward. It's going to be hilarious to see the difficulty and frequency of block generation increase when those 1 T/hash models start reaching consumers. We might even have have a few periods where it takes as little as 3 days to see a difficulty change.
One thing is for sure...whoever the lucky few are to receive the 1 T/hash model before the rest of the pack are going to have one hell of a good month.
If the first ASIC provider decides to mine for himself for a while, there will be very little benefit for the end user.
If it takes 2 weeks for the difficulty to adjust, could BFL mine all the remaining bitcoins before it adjusts? Or perhaps a smaller number - like 1 million?
If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
No, the difficulty adjusts every 2016 blocks, regardless of whether it took 6 months or 6 minutes.If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
I anticipate that the time it takes to reach the 12.5 BTC block reward will be a few months less than the time it has taken to approach the 25 BTC block reward. It's going to be hilarious to see the difficulty and frequency of block generation increase when those 1 T/hash models start reaching consumers. We might even have have a few periods where it takes as little as 3 days to see a difficulty change.
One thing is for sure...whoever the lucky few are to receive the 1 T/hash model before the rest of the pack are going to have one hell of a good month.
If it takes 2 weeks for the difficulty to adjust, could BFL mine all the remaining bitcoins before it adjusts? Or perhaps a smaller number - like 1 million?
If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
No, the difficulty adjusts every 2016 blocks, regardless of whether it took 6 months or 6 minutes. If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
If it takes 2 weeks for the difficulty to adjust, could BFL mine all the remaining bitcoins before it adjusts? Or perhaps a smaller number - like 1 million?
If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
If it is possible, with a low marginal cost of production it might also be profitable. (If it didn't kill confidence).
For those gamblers here, a couple bets for you.
1. Will any BFL SC products be in customers hands by the end of the year?
http://betsofbitco.in/item?id=446
2. Will the BFL SC meet it specs (38GH/s Min, less than $1300)
http://betsofbitco.in/item?id=447
1. Will any BFL SC products be in customers hands by the end of the year?
http://betsofbitco.in/item?id=446
2. Will the BFL SC meet it specs (38GH/s Min, less than $1300)
http://betsofbitco.in/item?id=447
I, for one, welcome our new BFL overlords.
So I wonder how easily this could be reconfigured into a "fuck rainbow tables, crack passwords in realtime" type appliance. 1 bitcoin terahash per second is 2 regular SHA256 terahashes per second, which is a lot...
https://bitcointalksearch.org/topic/m.968659
Amusing.
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Butterfly Labs (BF Labs Inc.), a market leader in microprocessor design...
really? wow 
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