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IT, AV and other Tech All computing, home cinema and technology that isnt car related |
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#171
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I am just lucky I secured L3+ from Bitmain when I did in large part thanks to Mark; and I am like a little kid now waiting for a much anticipated birthday or Christmas present now. It seems to drag on forever Also 2 of RX580 that I pre-ordered and that were supposed to ship 31/07/2017 have not arrived at supplier yet and no date given when they will be available. I have another 8 ordered that were cheaper but without date given when will be available, possibly end of August/early September.
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Currently 8less 2011 Q7 S Line 3.0TDI, 2016 Tesla Model S 90D 8 history: 2006 A8 Sport 4.2TDI quattro SOLD, 1997 S8, reached end of life with gearbox failure |
#172
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Just another though, if doing it large scale it might be beneficial to get rid of fans and use submersed liquid cooling in something like transformer oil and then liquid to liquid heat exchanger for heating or hot water.
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Currently 8less 2011 Q7 S Line 3.0TDI, 2016 Tesla Model S 90D 8 history: 2006 A8 Sport 4.2TDI quattro SOLD, 1997 S8, reached end of life with gearbox failure |
#173
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Haha I was wondering the exact same thing last night while looking at my heating oil tank
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#174
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I think one of the biggest risks investing in altcoin-specific ASIC miners, aside from the volatility and immaturity of the currencies, is the unpredictable mining difficulty. The combined mining power running the Bitcoin network is enormous and already includes hundreds of thousands of ASIC miners. The momentum of all that mining power means that changes in mining difficulty are incremental and gradual. When a few thousand new ASIC miners come online, the effects on difficulty are barely noticeable and it continues to increase gradually and predictably. When you have an altcoin network like Dash, with a fraction of the overall mining power of the Bitcoin network, the sudden addition of thousands of much more powerful ASIC miners is likely to have a substantial effect on mining difficulty. I think overall it's a much more risky investment, though of course it could pay off big-time if you're able to get in early and willing take the risk. Quote:
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Mark ------------------------------------------------------ 2002 FE S8 Ebony Black Pearl ------------------------------------------------------ ------------------------------------------------------ Cars Owned: The Tesla Era: 2020 Model S Performance Ludicrous+ (present) (Black, with all black premium interior and carbon fibre décor, 21" sonic carbon twin turbine wheels and FSD capability) The Audi Era: '97 A8 4.2 (Ming Blue) --> '96 A8 4.2 QS (Dark Green) --> '02 FE S8 (present) The Citroen Era: '84 BX 1.6 RS --> '89 BX 1.9 DTR Turbo --> '94 XM 2.0L Turbo --> '96 XM 2.0L Turbo Exclusive --> '00 Xantia Activa 2.0L Turbo The Banger Era: '76 1.2L Lada VAZ-2101 (Ruski Fiat 124) --> '80 1.7L Morris Ital HL, finished in Ermine White and Rust Last edited by moltuae; 5th August 2017 at 09:23 AM. |
#175
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Have you read about the spoofer in bitcoin?
http://www.zerohedge.com/news/2017-0...-bitcoin-price I have not taken the plunge into crypto currency yet. As this thread shows, it's so complicated on many levels. And to add to that, I am worried that the government will place stops in the system to make sure they can tax me. Or even make it illegal. I have no plans to start mining. But I would like to buy bitcoin. But through buying or selling bitcoin with fiat currency, my transactions will not be anonymous, right? Besides. I am not wholly convinced this is not a ploy to get us all to fully accept digital currencies, and drop cash altogether
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Johannes _________ Audi S8 -99, Pearlescent, Alcantara/silk napa leather, Burr walnut insert, Alcantara roof lining upper pack A8 32V engine ----- Jeep Grand Cherokee -98 |
#176
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Bitcoin's price still gets pushed around a lot though by both negative and positive news, misinformation and FUD, which all contribute to price volatility. Such volatility should reduce over time however as greater adoption adds more inertia. Scarcity, exponential growth and adoption are what will ultimately dictate the price. About 16.5 million Bitcoins have been mined so far. By the time we reach the 21 million limit (in a little over 120 years time), I would guess that the amount of Bitcoin actually in circulation would be less than half that value, mainly due to 'lost' coins. If adoption continues on its exponential curve, that's not a lot of coins to share between several billion people. If you do the maths, you can see why there are a lot of bullish predictions, suggesting that widespread adoption as a worldwide currency could see a single Bitcoin worth hundreds of thousands (or possibly even millions) of Dollars within the next 5-10 years, especially when you consider the irreparable state of the global 'fiat' economy. Trading fiat currency for cryptocurrency is not anonymous because the banks, exchanges and any financial institutions that deal in fiat currencies have to adhere to KYC and AML laws. Bitcoin itself is pseudo-anonymous: All transactions on the blockchain are publically viewable/verifiable but it's not possible to know who those transactions belong to without a lot of detective work and some initial 'clue' or path to follow, such as obtaining private fiat trading information from an exchange. Bitcoin is that way by design. Some cryptocurrencies are designed to provide complete anonymity. Quote:
If anything, Bitcoin is the people's own replacement for cash. It allows person-to-person trading just like cash, to or from anyone in the world, even if those people are some of the unfortunate unbanked billions. Recent events such as the Indian banknote demonetisation, an attempt by the Indian government to forcibly remove some of the country's cash from circulation, caused a lot of the Indian population to flock to Bitcoin. Then there's countries like Venezuela, where people are using Bitcoin as a cash replacement to escape the economic crisis of their own currency. As for making Bitcoin illegal: You can outlaw it but you can't stop it (short of turning off the national/global internet). The knee-jerk reaction of some governments was to ban it, but most have reversed their decisions or attempted to regulate it instead. What I think most governments eventually come to realise is that banning cryptocurrencies does nothing to help 'fiat flight' but instead excludes the country from a growing global economy. In some countries, like Japan, the government have decided to embrace it and recognise it as a legal currency to put them ahead of the game.
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Mark ------------------------------------------------------ 2002 FE S8 Ebony Black Pearl ------------------------------------------------------ ------------------------------------------------------ Cars Owned: The Tesla Era: 2020 Model S Performance Ludicrous+ (present) (Black, with all black premium interior and carbon fibre décor, 21" sonic carbon twin turbine wheels and FSD capability) The Audi Era: '97 A8 4.2 (Ming Blue) --> '96 A8 4.2 QS (Dark Green) --> '02 FE S8 (present) The Citroen Era: '84 BX 1.6 RS --> '89 BX 1.9 DTR Turbo --> '94 XM 2.0L Turbo --> '96 XM 2.0L Turbo Exclusive --> '00 Xantia Activa 2.0L Turbo The Banger Era: '76 1.2L Lada VAZ-2101 (Ruski Fiat 124) --> '80 1.7L Morris Ital HL, finished in Ermine White and Rust Last edited by moltuae; 8th August 2017 at 11:49 AM. |
#177
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#178
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Hilarious video MikkyJane
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Johannes _________ Audi S8 -99, Pearlescent, Alcantara/silk napa leather, Burr walnut insert, Alcantara roof lining upper pack A8 32V engine ----- Jeep Grand Cherokee -98 |
#179
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Seeing this is so extremely limited. I mean, if the BTC really is supposed to reach such valuations. How does it make sense to have it? It can't be for regular shopping food or clothing etc. Even buying a car would be valued at minute fractions of one BTC. AND there are billions of people alive, even millions in any given country. So what is it? Is it supposed to replace gold, as a storage of wealth? Thus not destined to be a currency as such? I apologize if I ask questions that can't be answered, or if I look at this from a faulty perspective. edit *Like believing it might be a test run for crypto currencies
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Johannes _________ Audi S8 -99, Pearlescent, Alcantara/silk napa leather, Burr walnut insert, Alcantara roof lining upper pack A8 32V engine ----- Jeep Grand Cherokee -98 Last edited by Regulus; 8th August 2017 at 05:45 PM. |
#180
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What the unknown individual or group known as Satoshi Nakamoto did was release this whitepaper, describing (along with code and mathematical examples) how a distributed, decentralised cryptocurrency could work. The identity of this individual or group is no longer relevant though, no more so than an Archimedes' screw requires Archimedes' help for it to work. The whitepaper simply revealed a verifiable solution to a problem. If you're familiar with the age-old Byzantine Generals' Problem, you'll know why the release of this whitepaper was such a big deal. In essence, the Byzantine Generals' Problem was a well-known computing analogy (believed for many years to be unsolvable), describing the problem of validating data in a multi-master or distributed/decentralised network in which there is no central or controlling authority. The fact that this whitepaper now proved that there was indeed a solution was huge and it led to the development of Bitcoin and countless more cryptocurrencies and distributed networks such as Ethereum, designed for running Smart Contracts and Distributed Applications (which is another fascinating and world-changing aspect of the technology .... currency is really just the first application). Quote:
You need to play with cryptocurrencies a little to really understand why they're such a big deal. It's a fascinating, revolutionary and highly disruptive technology that cannot be ignored. I'd recommend installing a Bitcoin Wallet, such as Electrum and having a play with it. Post one of your Bitcoin receiving addresses and I'll send you a small amount to play with. If you want to understand more, I'd highly recommend watching some of Andreas Antonopoulos' talks and interviews on YouTube.
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Mark ------------------------------------------------------ 2002 FE S8 Ebony Black Pearl ------------------------------------------------------ ------------------------------------------------------ Cars Owned: The Tesla Era: 2020 Model S Performance Ludicrous+ (present) (Black, with all black premium interior and carbon fibre décor, 21" sonic carbon twin turbine wheels and FSD capability) The Audi Era: '97 A8 4.2 (Ming Blue) --> '96 A8 4.2 QS (Dark Green) --> '02 FE S8 (present) The Citroen Era: '84 BX 1.6 RS --> '89 BX 1.9 DTR Turbo --> '94 XM 2.0L Turbo --> '96 XM 2.0L Turbo Exclusive --> '00 Xantia Activa 2.0L Turbo The Banger Era: '76 1.2L Lada VAZ-2101 (Ruski Fiat 124) --> '80 1.7L Morris Ital HL, finished in Ermine White and Rust Last edited by moltuae; 8th August 2017 at 07:33 PM. |
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