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 Bitcoin Thread v1, and other cryptocurrencies

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limfreelance
post Dec 2 2013, 03:50 PM

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QUOTE(ar188 @ Dec 2 2013, 03:43 PM)
sorry you playing and selling toy in your siggy, people playing buying and selling real house and cars.. pls graduate first.. if you dunno how to do business and be rich by now no need to teach others.
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selling house is business???

u r funny, without the basic fundamental & market need (lower market), when d hell of rich???
rich is sucking the money from million of poor, bila kaya, show off, bila kalah, minta hisap duit dari orang miskin.

malaysia r crony & talking about relationship.
with luck u can f*** all logic.

btw, u r funny, bcos of Toy, human can revolusion.

user posted image
user posted image

u better live in jungle.


CaLz
post Dec 2 2013, 03:53 PM

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QUOTE(limfreelance @ Dec 2 2013, 03:50 PM)
selling house is business???

u r funny, without the basic fundamental & market need (lower market), when d hell of rich???
rich is sucking the money from million of poor, bila kaya, show off, bila kalah, minta hisap duit dari orang miskin.

malaysia r crony & talking about relationship.
with luck u can f*** all logic.

btw, u r funny, bcos of Toy, human can revolusion.

user posted image
user posted image

u better live in jungle.
*
i sense someone failed to jump onto the ship in the past hence complaint ship sucks and sinking.


TScloudstrife07
post Dec 2 2013, 03:53 PM

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QUOTE(daijoubu @ Dec 2 2013, 03:43 PM)
What are the 'complex equations' solved contribute to?
The value in electricity used, what is it converted to? Anything of value?

For example, folding@home, end product is computed simulations of cancer proteins (or the like), But I don't see what is all the processing power used in mining bit coins finally converted into.
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it is contributed to maintaining the bitcoin ledger a.k.a blockchain. since bitcoin is a P2P concept and u need something to maintain each and every transactions of bitcoins, u need something like blockchain.
syahpian
post Dec 2 2013, 03:56 PM

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QUOTE(cloudstrife07 @ Dec 2 2013, 02:08 PM)
balanar_27ar188wen9x88syahpiansirxlkiddoseller

come here liao we tok kok.
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yo~ brows.gif brows.gif

this thread so fast already 6 page lol laugh.gif laugh.gif
ar188
post Dec 2 2013, 03:57 PM

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QUOTE(limfreelance @ Dec 2 2013, 03:50 PM)
selling house is business???

u r funny, without the basic fundamental & market need (lower market), when d hell of rich???
rich is sucking the money from million of poor, bila kaya, show off, bila kalah, minta hisap duit dari orang miskin.

malaysia r crony & talking about relationship.
with luck u can f*** all logic.

btw, u r funny, bcos of Toy, human can revolusion.

user posted image
user posted image

u better live in jungle.
*
stop talking kok.. yes i can appreciate airbrush, scale models, toys and 1/6 scale and quadcopter etc.. i bought alot of those.
but i'm refering to your small scale hobby setup want to teach people how to make money? u go make more money first then come n tell us. ok?
munak991
post Dec 2 2013, 03:59 PM

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QUOTE(cloudstrife07 @ Dec 2 2013, 03:43 PM)
i approved his kepandaian  thumbup.gif
not nothing at all la. blockchain is the thing where u can verify the coins come from where going to where etc.. since it's all about currency, we need something to maintain it right? else if blockchain dont have, i can scam u for example u want to buy bitcoins from me, bank in already the money and then i say i send already to your wallet but actually i dont. since there's no blockchain, there's no way u can verify that i really send or not.

there are talks of using blockchain as alternative to email address. well the tech is still at its infancy so i think there's more can be done. smile.gif
terima kasih  notworthy.gif
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But i still think its waste of natural resources.

Computer parts wear and tear,
Electricity wastage

limfreelance
post Dec 2 2013, 03:59 PM

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Butthurt lattew.

Just like anak nazri cakap..mau pandu ferarri kena work hard rite??

btw, good luck for your earning.
apit.malay
post Dec 2 2013, 03:59 PM

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hahaha...its look like we are not talking about BTC but we are arguing the topic
lol
TScloudstrife07
post Dec 2 2013, 04:04 PM

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QUOTE(munak991 @ Dec 2 2013, 03:59 PM)
But i still think its waste of natural resources.

Computer parts wear and tear,
Electricity wastage
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yep. hence why it's not feasible anymore to mine bitcoins using normal computer. people are venturing into the world of ASIC aka highly specialized miner now.

QUOTE(limfreelance @ Dec 2 2013, 03:59 PM)
Butthurt lattew.

Just like anak nazri cakap..mau pandu ferarri kena work hard rite??

btw, good luck for your earning.
*
thank you for your concern smile.gif

QUOTE(apit.malay @ Dec 2 2013, 03:59 PM)
hahaha...its look like we are not talking about BTC but we are arguing the topic
lol
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it's okay. broaden my knowledge too nod.gif
daijoubu
post Dec 2 2013, 04:09 PM

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QUOTE(cloudstrife07 @ Dec 2 2013, 03:53 PM)
it is contributed to maintaining the bitcoin ledger a.k.a blockchain. since bitcoin is a P2P concept and u need something to maintain each and every transactions of bitcoins, u need something like blockchain.
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So much processing power is required to maintain a ledger?
pali.mouncett
post Dec 2 2013, 04:11 PM

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even with asic Jalapeno also hard now liao. denggg
5gh/s can roughly get 0.1btc per month.
need to invest more on miner then can start mining happily.
41LY45
post Dec 2 2013, 04:13 PM

Flipping out..
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QUOTE(munak991 @ Dec 2 2013, 03:25 PM)
Anyone got info about bitcoin?

I know Folding at home is to unstrain protein strains

But what does bitcoin use for their processing power? and its a peer 2 peer some more, what does all the procession power been waste to? anyone know?
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The hashing power is used to solve a block = 25 Bitcoins. Each block solved is like a public ledger for transactions to be written on it.

If you would take 20 mins to watch this:


TScloudstrife07
post Dec 2 2013, 04:13 PM

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QUOTE(daijoubu @ Dec 2 2013, 04:09 PM)
So much processing power is required to maintain a ledger?
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since 13 million bitcoins already mined, confirm need much processing power to add new thing to blockchain and verifying it.
zhorn
post Dec 2 2013, 04:13 PM

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» Click to show Spoiler - click again to hide... «


just tried tagcoin cpu mining using my office's computer (i7-3770)
am i doin it rite?
41LY45
post Dec 2 2013, 04:15 PM

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QUOTE(zhorn @ Dec 2 2013, 04:13 PM)
» Click to show Spoiler - click again to hide... «


just tried tagcoin cpu mining using my office's computer (i7-3770)
am i doin it rite?
*
NotBad.jpeg
spacelion
post Dec 2 2013, 04:21 PM

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QUOTE(maru&box @ Dec 2 2013, 03:15 PM)
Some things I don't like about bitcoin:

1."Unfair" distribution of coins. Early adopters who hoard coins become millionaires. Only people willing to invest in high end mining equipment can afford to mine coins without losing money on electricity. Group mining is a must now.

2. Difficult to transfer funds to purchase coins. Usually, there will be a 3rd party in there to take a transaction fee. China's BTC exchange has less fees but I don't trust them.

3. Bitcoin is deflationary. There can be no more than 21 million in existence but there can be less than 21 million due to "lost" coins.

4. Unstable value makes it more of a speculative virtual item rather than a legitimate currency. Maybe it will settle to some stable value in the future.
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you just sum up the problem with every cryptocurrency out there, that's why some (LTC) try out different ways to discourage ASIC mining, while others like PPC include proof-of-stake to increase the cost of monopolizing the currency.
Marcion
post Dec 2 2013, 04:33 PM

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all this bitcoin founder by hacker so legit here is that all ppl invest bitcoin are helping hacker doing there hacking job
kennyy90
post Dec 2 2013, 04:36 PM

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QUOTE(Marcion @ Dec 2 2013, 04:33 PM)
all this bitcoin founder by hacker so legit here is that all ppl invest bitcoin are helping hacker doing there hacking job
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conspiracy theory.
apit.malay
post Dec 2 2013, 04:38 PM

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i love hacker...cause with them i got almost many thing for free..movies, software, GAMES....
41LY45
post Dec 2 2013, 04:42 PM

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QUOTE(Marcion @ Dec 2 2013, 04:33 PM)
all this bitcoin founder by hacker so legit here is that all ppl invest bitcoin are helping hacker doing there hacking job
*
#TinFoilHat

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