AndyH
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Cryptocoin?

Fri Dec 13, 2013 8:24 am

Anyone using, trading, or mining for cryptocurrencies like Bitcoin, Litecoin, or Feathercoin?
"The stupid become extinct."-Bill Mollison
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stjohnh
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Re: Cryptocoin?

Fri Dec 13, 2013 9:30 am

I own a few bitcoins, mostly as a political statement, but I did go to a panel discussion at Stanford Law School on Bitcoins a few days ago. There were a lot of heavy hitters there. I felt like we are on the cusp of a significant change in how financial transactions are carried out.

Sort of like when I bought my Leaf.

I bought at 120 ;-).
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Ingineer
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Re: Cryptocoin?

Fri Dec 13, 2013 11:38 am

I've invested in them, and am also mining. Maybe soon EVSE Upgrade will accept Bitcoin as a payment option! =)

-Phil
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AndyH
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Re: Cryptocoin?

Sat Dec 14, 2013 11:17 pm

Phil - ASIC mining?

Until last week, I didn't know mining was 'a thing' - I just knew for some reason that I was having a hard time finding a video card for my son's computer upgrade project. :shock:

http://www.extremetech.com/computing/17 ... n-shortage

I've got some Litecoins now...why am I feeling such a strong draw to Newegg and Superbiiz all of a sudden? ;)
"The stupid become extinct."-Bill Mollison
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AndyH
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Location: San Antonio

Re: Cryptocoin?

Sat Dec 14, 2013 11:25 pm

stjohnh wrote:I own a few bitcoins, mostly as a political statement, but I did go to a panel discussion at Stanford Law School on Bitcoins a few days ago. There were a lot of heavy hitters there. I felt like we are on the cusp of a significant change in how financial transactions are carried out.

Sort of like when I bought my Leaf.

I bought at 120 ;-).
Nice price. :) I agree your political statement as well.

I see what you mean about the Stanford panel!
http://www.stanford.edu/~dleung2/progra ... 120913.pdf
To discuss the evolution of the Bitcoin market, we have assembled a
unique panel of experts including a venture capitalist with a strong
stake in the Bitcoin market, a Bitcoin entrepreneur, the promoter of
the Bitcoin Investment Trust, a former general counsel of the CIA, and
a leading securities law professor who is also a former Commissioner
of the SEC.
I wonder how much these currencies scare the banking industry? (Except Germany, I guess - Bitcoin's legal tender now!)
Gack...I guess reading the Zerohedge piece answers that question!
The story of the German Finance Ministry stating Bitcoin is essentially “legal tender” has been making the rounds all over the virtual currency and technology world this morning and for good reason. This is a very, very big deal. Not just because some bureaucrat seemingly “legitimizes” the crypto-currency, but because it is the first commonsense approach from a major economy to-date.

While the U.S. government runs around like a chicken with its head cut off, issuing subpoenas and launching Senate investigations on Bitcoin, Germany is merely accepting the obvious. This is the wave of the future, you can either act like an incorrigible child and fight it, or you can accept reality and pave the way to the future. I’m pleased to see Germany, home to the most dynamic Bitcoin community on the planet, in Kreuzberg, taking a reasonable approach. Not to mention the fact I could never see a U.S. bureaucrat ever endorse Hayek or Austrian economics. The times they are a-changin’.
"The stupid become extinct."-Bill Mollison
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DNAinaGoodWay
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Re: Cryptocoin?

Sun Dec 15, 2013 7:02 am

Could just buy shares of Nvidia and AMD? The Levi Strauss's of the Cryptocoin Rush?
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@ 36 months, 34k, 270 GID, 57.49 Ahr

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Ingineer
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Re: Cryptocoin?

Mon Dec 16, 2013 1:02 pm

Video card mining is already dead. ASIC's are where it's at. I've been consulting for a friend of mine's company; Hashfast, who are making a 500GH/s (Giga-Hast per second) ASIC. I've got a singe chip prototype on my bench that runs faster than that!

-Phil
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Nubo
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Re: Cryptocoin?

Mon Dec 16, 2013 2:31 pm

So what happens to this currency when the world's computing power is no longer enough to keep validating the chain?
I noticed you're still working with polymers.

AndyH
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Re: Cryptocoin?

Mon Dec 16, 2013 5:51 pm

Ingineer wrote:Video card mining is already dead. ASIC's are where it's at. I've been consulting for a friend of mine's company; Hashfast, who are making a 500GH/s (Giga-Hast per second) ASIC. I've got a singe chip prototype on my bench that runs faster than that!

-Phil
It's very dead for Bitcoin, that's for sure! Is your friend working on an ASIC or FPGA for scrypt currencies? Those are still squarely in GPU territory.
"The stupid become extinct."-Bill Mollison
2018 Outlander PHEV
2015 smart Electric Drive (lease ended Feb, 2018)
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DNAinaGoodWay
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Re: Cryptocoin?

Wed Dec 18, 2013 2:41 pm

There was a story on NPR tonight about how the Chinese have stopped accepting Bitcoins and the value has dropped by half.
'12 SL last reading @ 2 yr, 22k, 260 GIDs, 62.35 Ahr

'15 SV w/QC, Mfd 5/14, Leased 8/14, 292 GIDs, 64.38 Ahr when new
@ 36 months, 34k, 270 GID, 57.49 Ahr

'17 Bolt LT



6.72 kW Array

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