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Showing 20 of 304 results by AzureEngineer
This is a good way to lose all of your money in the span of a few minutes or hours. OP does not understand basic statistical probability. Losing does not make your chance of winning increase.
Re: U.S. Postal Service Logging All Mail for Law Enforcement
Tracking mail for delivery and tracking mail regardless if it has tracking services, building a giant database, and handing it off to 3rd parties is different than signing up for a requested service. Information is already leaking out that the prism system is being used to collect information to sell to PRIVATE INDUSTRY to the highest bidder. In addition people don't realize how detailed of a profile of somone's life one can make with such little bits of information, and how easily that information can be used to hurt you regardless of the legality of your activities.
Source?Just like before this whole PRISM scandal "broke" in the mainstream press, anyone who bothered to look could have found this information. Perhaps you should go look for yourself instead of expecting people to spoon feed you information which you will immediately decry and deny its relevance because it wasn't on CNN. I know the intelligence community loves to use its own mass media tools to expose itself and make its own job harder. Makes sense right? Go do your homework instead of asking some one else to do it for you. I don't give a shit if you believe me. This is laziness disguised as skepticism.
This sure was a alot of words to say "I don't have a reliable source."
The problem is that what is holding Scrypt back is not what was holding SHA-256 back. You can throw more and more processors at SHA-256 and come out with more and more hashrate. This is simply not true for Scrypt. Scrypt requires more processors combined with a higher and higher memory bandwidth. Nvidia and AMD place a lot of money into memory R&D to that end, more than any person interested in a Scrypt ASIC can currently field.
Basically, a Scrypt ASIC will not hash faster than a GPU, because you're not going to put >GDRR5 memory on an ASIC. However, a Scrypt ASIC could work as a standalone unit, which would be beneficial for someone who wants a lot of them. Other than that, there is no real benefit to designing a Scrypt ASIC for anyone interested in cryptocurrency.
Basically, a Scrypt ASIC will not hash faster than a GPU, because you're not going to put >GDRR5 memory on an ASIC. However, a Scrypt ASIC could work as a standalone unit, which would be beneficial for someone who wants a lot of them. Other than that, there is no real benefit to designing a Scrypt ASIC for anyone interested in cryptocurrency.
Creating an ASIC for Bitcoin is child's play compared to designing a Scrypt ASIC. With Bitcoin, you can just keep throwing a numerous amount of faster parallel processors at it. Scrypt, on the other hand, requires more and more memory bandwidth to improve its speed. When you find a way to readily manufacture tons of cards with >GDRR5 memory, Litecoin would be a waste of your time compared to selling such an advancment to various manufacturing companies.
It is just a matter of time before an experienced business starts up an exchange and gobbles up the majority of business. MtGox and other exchanges may be okay for now, but mainstream customers won't tolerate these "sorta kinda works" businesses. MtGox is going to end up the Avalon of exchanges (delivers, but still can't get itself together quite right). It won't be long until we see an exchange version of ASICminer. A company that takes advantage of a market filled with amateurs.
Well let's say I bought a handful of the 25GH/s ones from Butterfly instead. I'm trying to look at the big picture here and determine if I'm missing anything, or if this could really be profitable, if made the capex investment.
Like I said, getting them to your doorstep is the issue. Butterfly labs does not have any 25 GH/s units that are currently shipping and no one knows when they will start shipping. If you order now you will have thousands of people ahead of you in the queue.
Ok, so I understand the relative obsoletion of CPU/GPU mining now. So, what if I just bought one of these beastly 50GH/s ASIC miners? If you were me, would you buy one, and convert the BTC to dollars and make your ROI in xx days?
Buying them isn't the issue, getting them to your doorstep is. The only company that has shipped a 50+ GH/s miner is Avalon, who only takes orders in batches.
GPU mining is not obsolete. Mining with your GPUs is. You'll need high-end AMD GPUs to be mining efficiently.
Re: bitcoin is going to be ‘allowed to succeed’ but not for you
Too many Bitcoin startups don't know what they're doing and get shafted by financial regulations because of it. This isn't the government going after Bitcoin, this is the government going after illegal exchanges. If Paypal or Western Union get in on Bitcoin, they're going to succeed because they know what they're doing, not because there is some big conspiracy against other exchanges.
Bitcoin exchanges need to start hiring legal teams or they're going to continue to have FinCEN shove the long shaft of the law up their ass.
Bitcoin exchanges need to start hiring legal teams or they're going to continue to have FinCEN shove the long shaft of the law up their ass.
Yes, Bitcoin could theoretically run with any type of communication system, even physical mail, with everyone calculating blocks via slipsticks. However, such systems would greatly compromise network security and trust. Probably to a point that Bitcoin itself would be moot.