4841

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 26, 2014, 11:41:22 PM »

Bitcoin is shit until then.

I think you're confused.

4842

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 26, 2014, 09:35:29 PM »

I get that but if it costs >1 bitcoin to mine 1 bitcoin then the currency is doomed to failure.

And?

4843

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 26, 2014, 09:10:24 PM »

Enigma is right in that if the value of a bitcoin never rises above the cost to mine/bitcoin, there is value constantly being taken out of the system. Is there economies of scale to be had in mining?

Mining is ultimately limited by computer technology. The most efficient miner available for pre-order is 20nm tech and the most efficient miner released is 28nm tech. You're also limited by how much that tech costs. For example Intel is spending billions on their new 14nm foundries, and there are very few foundries that produce 20nm semiconductors, so you have to deal with the fact that even though better tech is more efficient, it has an exponential cost up front.

I don't think Bitcoin will see miners smaller than 20nm for at least a year, maybe two. Honestly none of this even matters, Bitcoin's price isn't driven by mining. Mining is a lagging indicator, not a leading one. More people mine bitcoins because they're worth more, they're not worth more because more people mine.

4844

Arts & Entertainment / Re: Star Citizen

« on: January 26, 2014, 05:29:05 PM »

That's not the problem.  It could be so immersive that I actually believe I'm in the game for 8 hours a day.
The problem is that I'm doing what normal people (in the future) do.  Being a trader is not exciting for me.  Or interesting.  I have no eye for money or good deals.

The game is combat-focused. They've already stated the economy will be 90% NPC driven and that they will control prices. While I don't agree with that personally, I think its best Star Citizen not try to emulate Eve Online. They are different games with different audiences, though there are a lot of people who play both games, if only because they involve space.

After reading it a bit more, it sounds like it's basically EVE but with First Person.  You either fight for a merchant, trade with him, or kill him.

I prefer more specific and less personal goals.

Actually its more like Guild Wars in space. There's not even a monthly fee. Once you buy the game that's it.

4845

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 26, 2014, 05:26:31 PM »

You've become a bit of a snob now that you have a few bitcoins on your harddrive. Virtual money changes people.

It's digital money. And yes, you are a poor peasant. 

I'd say worth more as a general rule.

Well, Enigma seems to think something is only worth the resources it requires to obtain it.

4846

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 26, 2014, 03:42:55 PM »

From what you just said, it looks like people are willing to pay about 4x more than what bitcoins are currently worth. That doesn't make sense.

Do you think gold or diamond is worth what it takes to pull them out of the ground? Because that's the argument you're making here. A common person can only buy gold, they can't mine it, because they don't own any gold mines. Same goes for bitcoins. You can't mine it if you don't own any miners.

4847

Arts & Entertainment / Re: Star Citizen

« on: January 26, 2014, 03:27:38 PM »

Looks uninspired.

Coming from the person who started the ESO thread?

That would be less boring. :p

Well, they have talked about plans on being very immersive.

4848

Arts & Entertainment / Re: Star Citizen

« on: January 26, 2014, 03:20:25 AM »

Looks boring.

Well screw you too, buddy.

4849

Arts & Entertainment / Star Citizen

« on: January 26, 2014, 02:49:07 AM »

This game was kickstarted a pretty long time ago but is getting closer to being, well, a game.

https://robertsspaceindustries.com/about-the-game

It gives off a definite feeling of "looks like Eve Online" but it has some key differentiating factors. Star Citizen, unlike most MMOs, is abandoning certain RPG elements, such as skills (you can fly/use anything, assuming you can obtain it). This more or less limits itself to what you can do, rather than what your character can do. It also is primarily in first person and merges the piloting of spaceships with FPS combat. Ships can be boarded as a means of attack, rather than locking on to them and hitting your "fire rockets" button.

I think this is a much more interesting MMO versus something like ESO.

My referral code is STAR-4LZP-G4TL. If I finally trick you into buying this scam, Chris Roberts himself will give me virtual items. You also get $5 in credits added to your account (5000 UEC).

4850

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 26, 2014, 12:48:17 AM »

No. It's as simple as download this. Run this. What the fuck are you babbling on about?

Uhh, okay. Download away.

4851

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 25, 2014, 09:42:11 PM »

I share a house with 10 people, and we split the bill evenly.

If you started mining I doubt those 10 people would enjoy splitting the bill. Depending on how much you pay for electricity, mining can get pretty expensive.

4852

Philosophy, Religion & Society / Re: Ask a Jew anything.

« on: January 25, 2014, 08:37:41 PM »

A bacon lobster cheeseburger sounds delicious.

4853

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 25, 2014, 08:27:51 PM »

All right. Suppose I wanted to get some sort of entry-level miner rig. Where do I look?

Depends, do you want to mine Bitcoin? Because at this point there is no such thing as an entry level miner that makes money. I would suggest mining Litecoin or another Scrypt currency and trading it for Bitcoin. To mine litecoin all you need is an enthusiast grade graphics card, i.e. the ones that cost $300 or more.

If you're dead set on mining Bitcoin you can try buying old 65nm tech on e-bay. Probably not going to make any money at it, though. Not many people sell their miners if they are still making money.

http://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1313.TR0.TRC0.Xgh%2Fs&_nkw=gh%2Fs&_sacat=0&_from=R40

Use this to calculate how much money you think you'll make.

http://www.coinwarz.com/calculators/bitcoin-mining-calculator

4854

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 25, 2014, 06:40:10 PM »

Isn't one of the points that it is eminently traceable?

It is and it isn't. Send a bitcoin to a large exchange address and then have the exchange send it back. Chances are outrageously high that the bitcoin you sent isn't the one you received.

That's why I said allegedly. Or is there some link between effort and value?

Mining a bitcoin isn't as simple as "pay this, receive this." There is no amazon.com selling bitcoin miners with free 2-day shipping. Good luck trying to buy one, much less having it to your doorstep and mining with it. A lot of sites claiming "cloud hashing" are just money grabs.

4855

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 25, 2014, 04:43:03 PM »

I'm curious. I've once seen a review of one of their miners on ArsTechnica and it seemed like it did exactly what it said on the box, with the specs they claimed. Why, or in what way, are they a scam?

They take pre-orders for miners, mine with them, and then ship them to you when they're no longer profitable. It took a year and a half for people (not paid media outlets) to receive their miners. Anyone who asked about it or complained was instantly banned on their forums. You'll get your miner from them, as soon as it stops making them money. Buying something from Butterfly Labs is like investing in them indefinitely with no returns. They also don't offer refunds.

That makes bitcoins a commodity, not a currency.

You have literally no idea what a currency is, do you?

Why pay $822.9 for a bit coin when you can mine one for $1.06 (allegedly)?

Go ahead and mine a bitcoin for a dollar. I would really like to see you try it.

4856

Philosophy, Religion & Society / Re: Ask a Jew anything.

« on: January 25, 2014, 05:09:07 AM »

IRUSH, no comment.

I'll find out your Jew secrets eventually. You might as well give them up now.

4857

Philosophy, Religion & Society / Re: Ask a Jew anything.

« on: January 25, 2014, 01:57:35 AM »

How do you ignore users? I can't find the button for it.

4858

Philosophy, Religion & Society / Re: Ask a Jew anything.

« on: January 25, 2014, 01:55:23 AM »

When is Israel secretly planning to nuke a populated city and blame it on Iran? I know they have some sort of secret Jew News Network they broadcast on Jew frequencies.

4859

Technology & Information / Re: Coinye, a Bitcoin spin-off, is being sued by Kanye West

« on: January 25, 2014, 01:52:20 AM »

So then how much would it cost currently? It can't be more than an order of magnitude off.

You mean the equipment or the electricity? At 1.5 W/Gh/s it costs roughly $16M to churn out $4.4M in Bitcoin. The equipment itself varies, based on the tech (65nm vs 20nm) and availability (preorder vs shipping).

The argument itself that bitcoin is worth what it costs to mine it is silly. Bitcoin is worth what people will pay for it.

4860

Arts & Entertainment / Re: The Elder Scrolls Online

« on: January 24, 2014, 05:39:40 AM »

MMOs are just like regular games, except they're stuffed with endless hours of grinding before you actually get to play them. Eve Online tried to solve that problem but its still sort of wonky.

I'm waiting on Star Citizen to see how an MMO handles when it has literally no RPG elements like skills or abilities to deal with.