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Topic: Buying an ASIC because it gives you a vote on the Bitcoin system. (Read 1697 times)

sumantso
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Activity: 1050
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Buying an ASIC because it gives you a vote on the Bitcoin system.
November 19, 2014, 10:35:40 AM
#7
Quote from: xstr8guy on November 18, 2014, 08:07:24 PM
Quote from: sumantso on November 18, 2014, 12:45:03 PM
Even if you get an ASIC, you still have to join a pool, in which case you don't have a vote. Technically, you're not even a miner - the pool operator is.

Its quite disturbing that there are only 12-14 'voters' in Bitcoin now.

Even before the advent of the massive private mining operations there weren't more than 12 decent pools at any one time. And solo mining hasn't been viable for your average home miner in several years. No? From that perspective, not much has changed.

Btw, I don't understand what the OP meant by "getting a vote". English translation problem perhaps?

You're right, it has been this way for sometime.

I think the OP thought that with a god mining hardware he gets a say when he is mining. Sadly, that's not the case.
xstr8guy
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
Re: Buying an ASIC because it gives you a vote on the Bitcoin system.
November 18, 2014, 08:07:24 PM
#6
Quote from: sumantso on November 18, 2014, 12:45:03 PM
Even if you get an ASIC, you still have to join a pool, in which case you don't have a vote. Technically, you're not even a miner - the pool operator is.

Its quite disturbing that there are only 12-14 'voters' in Bitcoin now.

Even before the advent of the massive private mining operations there weren't more than 12 decent pools at any one time. And solo mining hasn't been viable for your average home miner in several years. No? From that perspective, not much has changed.

Btw, I don't understand what the OP meant by "getting a vote". English translation problem perhaps?
sumantso
legendary
Activity: 1050
Merit: 1000
Re: Buying an ASIC because it gives you a vote on the Bitcoin system.
November 18, 2014, 12:45:03 PM
#5
Even if you get an ASIC, you still have to join a pool, in which case you don't have a vote. Technically, you're not even a miner - the pool operator is.

Its quite disturbing that there are only 12-14 'voters' in Bitcoin now.
goozman96
hero member
Activity: 728
Merit: 500
Re: Buying an ASIC because it gives you a vote on the Bitcoin system.
November 15, 2014, 07:56:43 PM
#4
What do you mean by a vote in the Bitcoin system? What are we voting on? Tongue
philipma1957
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Merit: 8515
'The right to privacy matters'
Re: Buying an ASIC because it gives you a vote on the Bitcoin system.
November 10, 2014, 10:23:15 PM
#3
Quote from: spazzdla on November 10, 2014, 09:52:56 PM
Lets say if it was really easy to get though, like if Wall mart had the U3.

 here you go amazon 90 bucks.

http://www.amazon.com/Bitmain-Antminer-Bitcoin-Miner-Domestic/dp/B00OQSXMA2/ref=sr_1_3?ie=UTF8&qid=1415672513&sr=8-3&keywords=antminer+u3

I voted no. As I have a lot of miners don't need a vote so to speak.

If I could get these cheaper direct from bitmaintech I would buy some .  These are good intro for mining. Or just run one for solo mining.  Then run a bigger unit for earning power.
notlist3d
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Activity: 1456
Merit: 1000
Re: Buying an ASIC because it gives you a vote on the Bitcoin system.
November 10, 2014, 10:17:56 PM
#2
Personally I am lucky winter weather, and decent priced electricity.  Asic mining is still alive here. 

I personally went for bigger miners, but really like they offer a newer alternative on USB.
spazzdla
legendary
Activity: 1722
Merit: 1000
Re: Buying an ASIC because it gives you a vote on the Bitcoin system.
November 10, 2014, 09:52:56 PM
#1
Lets say if it was really easy to get though, like if Wall mart had the U3.
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