Search content
Sort by
Showing 10 of 10 results by ryukafalz
What about getting data entry job for people to fill and raised money out of and share to contributors as that won't require much computing power.Is a suggestion and people can add to.The main theme I want to present is something like the pool we have on the bitcoin community but this towards some work which can earn some money and share among contributors.
I'm not sure I understand what you're proposing, could you say it another way so a simpleton like me can comprehend =)
A kind of witcoin for jobs.
Quote
At present, Bitcoin's P2P
clients are crunching data at a rate equivalent to more than 50,000
high-end PC graphics processors.
This is a massive understatement. clients are crunching data at a rate equivalent to more than 50,000
high-end PC graphics processors.
Approximating 350 MHash per GPU works out about 15,000 GPU's for the network's ~5 THash/s ... so actually an overstatement.
Some people seem to have an agenda in wildly over-stating how much hardware and power is going into the bitcoin network. Yes it is large by computing standards but it is completely insignificant compared with other industrial activities that are happening 24 hours a day around the world, including the current banking systems.
No agenda, just misinformed. Didn't do the math but it didn't sound like enough.
I'm not sure what the problem is. I'm a huge fan of Bitcoin (obviously), but I side with the provider on this one. CPU in a VM hosting environment is a shared resource, if I'm running a VM hosting facility, no customer has the right to max out my CPU unless they are paying me for the privilege, like, they better be selling lots of alpaca socks or something to help pay the fees I'm going to charge for the excessive usage. And you would have to be kidding me if you'd expect me to let a free trial account to monopolize CPU. Most legitimate free trials in the ordinary course of business should use an average of well under 1% of a single CPU core, because the typical usage scenario for a free trial is a website still under development with no or minimal real traffic that's not testing.
When I asked linode about maxing out my CPU they responded with something along the lines of: max it out, thats what you paid for.
If anything the hosting plans have not been priced properly and the disconnect is proof that the host does not have things under control in terms of how much they need to charge.
https://trac.torproject.org/projects/tor/wiki/TheOnionRouter/GoodBadISPs
Ah, so there are hardcoded nodes... that answers one question, thank you. As long as the list of reliable nodes is kept up to date with each version, well, that's really the best you can do, I suppose.
Derp, should've read the FAQ a bit more closely.
I'd still like to know what sort of damage someone in control of the IRC channel could do, though... if anyone knows...
Derp, should've read the FAQ a bit more closely.
I'd still like to know what sort of damage someone in control of the IRC channel could do, though... if anyone knows...
Actually, it only takes one full copy of the blockchain somewhere accessible. It's the Many-Copies-Keeps-Data-Safe method, and might mean that the blockchain is, or soon will be, more safe than the text of the Bible.
You would also have to know that your's was the last copy.
Ah, yes, good point. Mess with it, two more clients come back online, and there go your ill-gotten funds.
Alright, so I'm excited at the possibilities Bitcoin offers (and I'll be holding on to my meager 4.5 bitcoins) but I've noticed something that few people seem to talk about. Isn't the IRC channel used for bootstrapping a single point of failure? Wouldn't the loss of this channel result in an inability for new clients to connect? I can see the advantages of having a distributed, peer to peer system, but from what I can tell... Bitcoin isn't entirely distributed.
Especially... what happens if the IRC channel gets hijacked? If the hijacker can control which clients can connect and which can't... well, they don't necessarily need to have more power than the entire network if they control which machines make up the network, right?
I don't know much about how the software works, but these are just a few concerns I have about the system.
EDIT: Question #1 (loss of connectivity) has been addressed. I'm still curious about question #2 (malicious IRC channel).
Especially... what happens if the IRC channel gets hijacked? If the hijacker can control which clients can connect and which can't... well, they don't necessarily need to have more power than the entire network if they control which machines make up the network, right?
I don't know much about how the software works, but these are just a few concerns I have about the system.
EDIT: Question #1 (loss of connectivity) has been addressed. I'm still curious about question #2 (malicious IRC channel).
Actually, it only takes one full copy of the blockchain somewhere accessible. It's the Many-Copies-Keeps-Data-Safe method, and might mean that the blockchain is, or soon will be, more safe than the text of the Bible.
Did it work for anybody? 
I joined with that link but somehow ended up under 461 lol. Ah well. On that note though:http://fxnet.bitlex.org/?ref=798
Clicky clicky, I'm new, help me out guys.
(Editeded for link updates.)