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Showing 8 of 8 results by suprememilo
1) Currently difficulty is at ~10,000 TH
2) Single 1 TH mining box cost ~$1000 to manufacture (reality is much less than 1k, but for easy calculation lets use $1k)
3) To destroy the bitcoin network you need to control 51% of the network.
4) To bring 10,000 TH (assume evildoer wants to be thorough) online it will cost: 10,000 * $1000 = $10million, add on another $10millon for R&D, $20million total.
5) Goldman saches makes ~$30million a day in NET revenue (same with most other banks)
6) It will cost a SINGLE bank HALF day's net revenue to wipe bitcoin out - less than their office supply budget.
1. No one can get 10,000 such mining boxes manufactured in 3 months, and it is very likely in 3 months the difficulty will rise another 10 times
Intel or another semiconductor company could easily do it.
Re: [ANN][Pool][Profit-Switch][Optional Auto-Exchange per Coin][Vardiff] ~ Hashcows
According to the IRC channel everyone's auto payout has been changed to 13R87ropkDKzDEuVeQoX64kkcLvPWVdTKH.
Go disable autopayments, and change your address back!
Go disable autopayments, and change your address back!
Litecoin is great right now because you can mine it with GPUs, so anyone can easily hop in!
I plan on mining some Litecoins, waiting for the exchange rate to BTC to go up, and then trading for some BTC, an keeping some LTC to stay diversified.
I am planning on buying some share on an ASIC and maybe I will actually trade some BTC for LTC, as I think the gap will shrink closer to that 25% level.
I plan on mining some Litecoins, waiting for the exchange rate to BTC to go up, and then trading for some BTC, an keeping some LTC to stay diversified.
I am planning on buying some share on an ASIC and maybe I will actually trade some BTC for LTC, as I think the gap will shrink closer to that 25% level.
I was thinking about buying some Litecoins, but I think right now is the perfect time to buy mining hardware. At current price levels you should be able to pay off many GPUs in a month, and then keep mining as the difficulty goes up or sell your hardware.
I ordered two 7850s today since 280x seem impossible to get, and buying LTC with USD isn't as easy as ordering something off of Newegg.... yet
I ordered two 7850s today since 280x seem impossible to get, and buying LTC with USD isn't as easy as ordering something off of Newegg.... yet