Total and unconditional end of the era of mining.

qs.lab

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Quote from: chopstick on January 26, 2015, 11:56:52 PM

If bitcoin goes to 100k then all you will need is enough mining power to mine 1 coin per year to make 100k per year

What will you do if Bitcoin price will be 1$ ?

As soon as new technology that will replace Bitcoin model.

Such already was more than once, twice, three times in the history of mankind.

chopstick

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If bitcoin goes to 100k then all you will need is enough mining power to mine 1 coin per year to make 100k per year

qs.lab

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Quote from: Paul Revere on January 26, 2015, 10:47:10 PM

What planet are you on? My crytpo mining gear will be paid for in one more month. If I sold it all right now without earning another satoshi I would be in profit.

You sir are an absolute and total delusional fucking moron.

>>>>>>>>Jack London / Too Much Gold

Paul Revere

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The Scamcoats are coming!

Quote from: qs.lab on January 26, 2015, 10:41:21 PM

You'll understand when you get bankruptcy.

Today it is still too early to understand.

What planet are you on? My crytpo mining gear will be paid for in one more month. If I sold it all right now without earning another satoshi I would be in profit.

You sir are an absolute and total delusional fucking moron.

qs.lab

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You'll understand when you get bankruptcy.

Today it is still too early to understand.

Paul Revere

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The Scamcoats are coming!

Quote from: qs.lab on January 26, 2015, 10:23:00 PM

>>>>>>Paul Revere

Another man who spent all his money on cassette decks. Adore when capitalism punishes that people.

Good luck! lol

I have no idea what that bunch of absolute fucking idiocy is supposed to mean. Enjoy your fail sandwich Failmaster.

qs.lab

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>>>>>>Paul Revere

Another man who spent all his money on cassette decks. Adore when capitalism punishes that people.

Good luck! lol

Paul Revere

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Quote from: qs.lab on January 26, 2015, 09:23:50 PM

Quote from: Paul Revere on January 26, 2015, 07:39:48 PM

I am terribly sorry, but my Asshole Doomsdayer to English translator is broken. Could you please try to make your invalid and meaningless point in English?

I did't want to hurt you. It's your hobby. Hobbies don't interfere to anyone. Someone still pump oil by using buckets. We're talking about prospects of Cryptocurrency technology, not about Hobbies.

Quote

Miners now look like idiots who came to California with a pickaxe, when all gold has been extracted.

I make money mining Crypto. So do a lot of other crypto miners. The only person looking like an idiot here is you. And then there is the part about all the Gold being extracted from California, and I can assure you that this is also complete idiocy. If I were to drop what I have personally mined in California on your toe you would likely need medical attention. What we have here is you trying to be a smug fucking prick and completely failing in every regard. If you do not like the prospects of mining , then don't do it. Problem solved asshole.

mavericklm

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Another attention seeker like notlambchops!
Watch out for another drama queen!

qs.lab

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Quote from: Paul Revere on January 26, 2015, 07:39:48 PM

I am terribly sorry, but my Asshole Doomsdayer to English translator is broken. Could you please try to make your invalid and meaningless point in English?

I did't want to hurt you. It's your hobby. Hobbies don't interfere to anyone. Someone still pump oil by using buckets. We're talking about prospects of Cryptocurrency technology, not about Hobbies.

Paul Revere

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Activity: 406

Merit: 260

The Scamcoats are coming!

Quote from: qs.lab on January 26, 2015, 07:32:18 PM

>>>>>>>>>>>seriouscoin
This is not a "flaw". This feature of the technology. Any technology develop in time. Old technology die, and new technologies are born.
You want to use cassette deck? Please, no one forbids.
I understand that you just bought these cassette decks on all your money. Such people always go bankrupt. Someone must always remain with nothing, so made capitalism.

Quote from: Paul Revere on January 26, 2015, 05:36:25 PM

I mine crypto. I have also been mining Gold for decades. Occasionally in California even. Somehow the world still continues to spin. Shocked

There are a lot of savages in Amazon jungle. Their presence would never hurt earth spinning.

I am terribly sorry, but my Asshole Doomsdayer to English translator is broken. Could you please try to make your invalid and meaningless point in English?

qs.lab

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>>>>>>>>>>>seriouscoin
This is not a "flaw". This feature of the technology. Any technology develop in time. Old technology die, and new technologies are born.
You want to use cassette deck? Please, no one forbids.
I understand that you just bought these cassette decks on all your money. Such people always go bankrupt. Someone must always remain with nothing, so made capitalism.

Quote from: Paul Revere on January 26, 2015, 05:36:25 PM

I mine crypto. I have also been mining Gold for decades. Occasionally in California even. Somehow the world still continues to spin. Shocked

There are a lot of savages in Amazon jungle. Their presence would never hurt earth spinning.

Paul Revere

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The Scamcoats are coming!

I mine crypto. I have also been mining Gold for decades. Occasionally in California even. Somehow the world still continues to spin. Shocked

funkenstein

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Quote from: seriouscoin on January 26, 2015, 07:23:16 AM

I guess you just learned about POS huh? Keep reading , you might learn a thing or two. I've been here long enough to see noobs like you come and argue as if they found a "flaw".

If you want to discuss some proof of stake algorithms, I would recommend:

1) doing so in an appropriately named thread

2) actually naming or pointing us to the algorithm you wish to discuss

seriouscoin

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Quote from: qs.lab on January 26, 2015, 12:08:21 AM

Quote from: funkenstein on January 25, 2015, 11:38:40 PM

Proof of stake mining is also sometimes called mining.
If there is a particular algorithm you like (there are several out there) let us know and we could have a better conversation.

Mining is associated with expenditure of resources. You mines gold, having spent a portion of your labor.

Why it's called mining. In POS you do not spend anything.

Quote from: seriouscoin on January 25, 2015, 11:40:43 PM

Wow you missed his point completely, what a retard.

I guess you just learned about POS huh? Keep reading , you might learn a thing or two. I've been here long enough to see noobs like you come and argue as if they found a "flaw".

I perfectly understood. Consensus does not necessary to spend electricity. That's what I'm talking about.

But you just don't pleasing prospects. So you call me retard.

qs.lab

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Quote from: funkenstein on January 25, 2015, 11:38:40 PM

Proof of stake mining is also sometimes called mining.
If there is a particular algorithm you like (there are several out there) let us know and we could have a better conversation.

Mining is associated with expenditure of resources. You mines gold, having spent a portion of your labor.

Why it's called mining. In POS you do not spend anything.

Quote from: seriouscoin on January 25, 2015, 11:40:43 PM

Wow you missed his point completely, what a retard.

I perfectly understood. Consensus does not necessary to spend electricity. That's what I'm talking about.

But you just don't pleasing prospects. So you call me retard.

seriouscoin

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Quote from: qs.lab on January 25, 2015, 11:34:59 PM

Quote from: ABitNut on January 25, 2015, 11:00:55 PM

Public record blockchain can be done on a wikipedia site and the community would reach a consensus too. I call it Proof of Edit...

Each method has it's own pros and cons.

We are not talking about Wikipedia, we are talking about cryptocurrency.

Wow you missed his point completely, what a retard.

funkenstein

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Quote from: qs.lab on January 25, 2015, 10:54:37 PM

You do not understand anything in the cryptoworld.

Miners - is idiots who spend energy on the air.

Public record in blockchain can be done without spending electricity. it's called POS.

Proof of stake mining is also sometimes called mining.
If there is a particular algorithm you like (there are several out there) let us know and we could have a better conversation.

qs.lab

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Quote from: ABitNut on January 25, 2015, 11:00:55 PM

Public record blockchain can be done on a wikipedia site and the community would reach a consensus too. I call it Proof of Edit...

Each method has it's own pros and cons.

We are not talking about Wikipedia, we are talking about cryptocurrency.

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Quote from: qs.lab on January 25, 2015, 10:54:37 PM

Quote

In order to make a transaction in a public currency, you need somebody to record it and make the record public that the transaction has occurred. The people who do this work (recording the transaction and making it public) are sometimes called "miners".

You do not understand anything in the cryptoworld.

Miners - is idiots who spend energy on the air.

Public record in blockchain can be done without spending electricity. it's called POS.

Public record blockchain can be done on a wikipedia site and the community would reach a consensus too. I call it Proof of Edit...

Each method has it's own pros and cons.

Topic: Total and unconditional end of the era of mining. (Read 1868 times)