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Shinjobi posted:So Folding@home is just another crypto miner software now? Wow.
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Apr 7, 2018 11:44
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Sentient Data posted:Did you miss the article that went our earlier? Folding@home and seti replaced the new versions of their tools with altcoin miners that just give them the funds for their general budgets I'm doing the einstein@home and World Community Grid which is run by IBM. You don't mine the cryptocoin, you just get paid crypto for processing whichever science project you choose, via the BOINC client. Edit: not trying to convince anyone to do it. Just thought it was a more useful way to heat my basement than crypto mining.
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Apr 7, 2018 11:58
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Mumpy Puffinz posted:So bitcoin was brought up at work today and my boss couldn't understand how it wasn't something you could use to buy something or something that you bought as a part of something bigger; ie a company or product. I didn't have an answer. Now I'm confused about what bitcoin is. Help me out thread. What is bitcoin for?
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Apr 7, 2018 15:44
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comedyblissoption posted:number go up Number not allowed to go down 
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Apr 7, 2018 15:52
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https://twitter.com/NullZeroX/status/982334650512171008 Now we know what Tether was backed with... Risc1911 fucked around with this message at 17:51 on Apr 7, 2018 |
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Apr 7, 2018 17:45
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Tether will be announcing more printing sometime in the next few days.
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Apr 7, 2018 17:48
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Waltzing Along posted:Tether will be announcing more printing sometime in the next few days. Of course... now it all makes sense... Tether is keeping bitcoin DOWN!!! By printing fake money and buying bitcoin with it they’re preventing Bitcoin from rising in price, and in a few months they’ll own much more bitcoin.... You can even see on the chart the times when Tether is printed the price goes down (!) Malefic...
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Apr 7, 2018 17:55
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Has anyone said institutionalized investors yet?
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Apr 7, 2018 17:59
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Powershift posted:Has anyone said institutionalized investors yet? That would be crazy.
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Apr 7, 2018 18:21
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Risc1911 posted:https://twitter.com/NullZeroX/status/982334650512171008 this is good for bitcoin
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Apr 7, 2018 18:27
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Shinjobi posted:So Folding@home is just another crypto miner software now? Wow. Not as far as I know, I was just busy on April fools day and felt like riling the thread up a bit
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Apr 7, 2018 18:56
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There are coins that pay out per folding points (Curecoin and Foldingcoin) and then there's Gridcoin which pays out for Boinc. None of them are designed well and you probably won't even make back your electricity costs with them. There's also EVGA's folding team which pays 10 evga bucks a month which you can buy videocards with. It takes about 5 days of folding with my GTX 1070Ti.
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Apr 7, 2018 20:02
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Alpha Mayo posted:There are coins that pay out per folding points (Curecoin and Foldingcoin) and then there's Gridcoin which pays out for Boinc. None of them are designed well and you probably won't even make back your electricity costs with them. You’re talking about blockchain, none of it is well-designed.
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Apr 7, 2018 20:13
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Alpha Mayo posted:There are coins that pay out per folding points (Curecoin and Foldingcoin) and then there's Gridcoin which pays out for Boinc. None of them are designed well and you probably won't even make back your electricity costs with them. This is  .Voyager-level .
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Apr 7, 2018 20:35
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shitcoins on the shitchain
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Apr 7, 2018 20:40
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https://www.youtube.com/watch?v=srq_MbsUTuM&t=48s
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Apr 7, 2018 20:57
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...I thought gridcoin was just a joke about someone paying their power bill
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Apr 7, 2018 21:04
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Alpha Mayo posted:you probably won't even make back your electricity costs with them. Of course not, it wouldn't be a sustainable donation system if they had to pay back more than they're donated. I can spend a few bucks in power costs to watch my gaming pc cure cancer. My income doesn't require me to care about returns or investments.
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Apr 8, 2018 01:04
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Sentient Data posted:...I thought gridcoin was just a joke about someone paying their power bill Heh This is why you’ll never make money in crypto... you can’t see the future, like Bitcoiners...
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Apr 8, 2018 01:50
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Comfy Fleece Sweater posted:Heh Just like bitcoiners can't make money in crypto because they can't see the future of April 17th? I mean, its kind of your apocalypse.
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Apr 8, 2018 02:25
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jonathan posted:My income doesn't require me to care about returns or investments. that attitude is far too healthy. it's unamerican.
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Apr 8, 2018 02:34
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https://twitter.com/LaurentMT/status/943624312304611329 If this fragmentation is an indication of how most exchanges work then we are in for some really interesting times. Consolidating these would cost them a good chunk, not considering that fees keep going up and BTC value down. No SegWit or LightningNetwork will change this. Currency of the Future PS: For those not into the crypto jargon: UTXO = An Unspent Transaction Output (UTXO) that can be spent as an input in a new transaction. Risc1911 fucked around with this message at 02:41 on Apr 8, 2018 |
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Apr 8, 2018 02:37
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Is this real? I don't mean "did this really happen," I mean "are these real words or a bunch of made-up gobblety-guk by some guy trying to be the next @dril?"
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Apr 8, 2018 02:40
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Harveygod posted:Is this real? I don't mean "did this really happen," I mean "are these real words or a bunch of made-up gobblety-guk by some guy trying to be the next @dril?" I added some more info to my post. This is real and it is bad for BTC. It basically means that they have small amounts of BTC worth very little that need to be consolidated and that can only happen through the blockchain proof of work which costs fees and those fees naturally add up to a hefty sum if you have these small fragments EXAMPLE: You have $1000 split into $0.10 chunks on 10,000 Bank accounts. You pay $0.05 per bank transfer. After consolidating all that money on one Bank account you are left with $500. Risc1911 fucked around with this message at 02:46 on Apr 8, 2018 |
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Apr 8, 2018 02:42
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I still don't get it.
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Apr 8, 2018 02:46
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100 HOGS AGREE posted:I still don't get it. EXAMPLE: You have $1000 split into $0.10 chunks on 10,000 Bank accounts. You pay $0.05 per bank transfer. After consolidating all that money on one Bank account you are left with $500.
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Apr 8, 2018 02:47
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100 HOGS AGREE posted:I still don't get it. a) World is gently caress b) Born to die
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Apr 8, 2018 02:48
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Except I thought you could never truly consolidate a Bitcoin. You have to keep them as penny shavings.
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Apr 8, 2018 02:49
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It costs more to consolidate the shaving than the shaving is worth. Kind of how it costs like 6 cents for the US government to make a penny. Except in the case of coins it's because they're physical goods and cost money to make so it makes sense. There are also not that many in circulation and you're talking about 1 billionth of one percent of the total money in circulation so it's not affecting the overall economy. You also can't divide the pennies further to make the problem worse. Having this nonsense apply to digital coins that you can split into a billion pieces is dumb as hell, because half of the bitcoin economy is going to be orphaned soon. This is incredibly good for Bitcoin. Rad Russian fucked around with this message at 02:57 on Apr 8, 2018 |
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Apr 8, 2018 02:54
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Risc1911 posted:EXAMPLE: You have $1000 split into $0.10 chunks on 10,000 Bank accounts. You pay $0.05 per bank transfer. After consolidating all that money on one Bank account you are left with $500. transfer fee should be closer to $1.00, and when you're done you've spent $10,000 to have $1,000
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Apr 8, 2018 03:01
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What's happening on April 17th for crypto ? Should I buy some ?
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Apr 8, 2018 03:02
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Dead Like Rev posted:Just like bitcoiners can't make money in crypto because they can't see the future of April 17th? I mean, its kind of your apocalypse. My bitcoiner coworker was complaining last night about owing more in taxes than the coin is worth because it spiked right at the end of the year. Lmao
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Apr 8, 2018 03:21
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jonathan posted:What's happening on April 17th for crypto ? Should I buy some ? The tax man cometh
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Apr 8, 2018 03:22
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from the amber thread
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Apr 8, 2018 03:25
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QuarkJets posted:from the amber thread Is moneyness like truthiness?
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Apr 8, 2018 03:34
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Rad Russian posted:It costs more to consolidate the shaving than the shaving is worth. Kind of how it costs like 6 cents for the US government to make a penny. Except in the case of coins it's because they're physical goods and cost money to make so it makes sense. There are also not that many in circulation and you're talking about 1 billionth of one percent of the total money in circulation so it's not affecting the overall economy. You also can't divide the pennies further to make the problem worse. a penny could conceivably used in thousands of transactions over its lifetime
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Apr 8, 2018 04:03
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imagine a penny but every time you spent it somebody filed the edges down a bit and pocketed the shavings and that's a bitcoin actually this used to happen all the times with currency which is why the edges of canadian dimes for instance have nibs that would make it very noticeable if they got shaved off
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Apr 8, 2018 04:07
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jonathan posted:Of course not, it wouldn't be a sustainable donation system if they had to pay back more than they're donated. I can spend a few bucks in power costs to watch my gaming pc cure cancer. My income doesn't require me to care about returns or investments. My income is low. What should I do
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Apr 8, 2018 04:40
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Odd posted:My income is low. What should I do buy a lot of candles
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Apr 8, 2018 04:44
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Dadbod Apocalypse posted:buy a lot of candles No
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Apr 8, 2018 04:51
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