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How the Internet Archive is having a great time with Bitcoin

blog.archive.org

31–40 of 55 posts

Re: How the Internet Archive is having a great time with Bitcoin

#31

Earlier quoted context omitted.

I need to start recording bold predictions like this in some sort of journal. EDIT: I meant in general, not just for bitcoin.

Want me to write a browser extension that submits such quotes to the Internet Archive in their WARC format? :)

Does the IA even support such functionality? I thought they only took WARC dumps from outsiders in special cases of big batches.

Re: How the Internet Archive is having a great time with Bitcoin

#32

Earlier quoted context omitted.

The recent run-up is nothing. The price will be $300/BTC by next week and $3000/BTC by next year.

I need to start recording bold predictions like this in some sort of journal. EDIT: I meant in general, not just for bitcoin.

http://www.predictionbook.com

Re: How the Internet Archive is having a great time with Bitcoin

#33
post #25

Earlier quoted context omitted.

I'm more interested in mining them. Is it too late to start jumping on the BTC train ? Do you need special processors? Last I remember, you could still mine Bitcoins using GPUs.

CPU Mining is possible but not profitable. GPU mining is the traditional and the best way. The thing is, if you have a very bad GPU you might not make any profit. The electrial costs are going to be a pain in that case. If you have a fairly decent GPU, you can still mine and shine but expect a really low profit. If you aren't worried about the electrial costs ( as GPU is running 100% 24/7 ) then you could mine very w…

GPU mining is on the way out thanks the imminent proliferation of ASICs.

I've heard it's more profitable to mine Litecoin then convert to BTC at this point.

Re: How the Internet Archive is having a great time with Bitcoin

#34
post #23

Earlier quoted context omitted.

I'm more interested in mining them. Is it too late to start jumping on the BTC train ? Do you need special processors? Last I remember, you could still mine Bitcoins using GPUs.

You can still mine with AMD GPUs but the difficulty has been rising fast due to the release of ASICs. For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month. ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.

I don't see why decent ASICs will ever be for sale. It'll be more profitable to run them than to sell them so the manufacturers will keep them.

Re: How the Internet Archive is having a great time with Bitcoin

#37
post #23

Earlier quoted context omitted.

I'm more interested in mining them. Is it too late to start jumping on the BTC train ? Do you need special processors? Last I remember, you could still mine Bitcoins using GPUs.

You can still mine with AMD GPUs but the difficulty has been rising fast due to the release of ASICs. For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month. ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.

ASICs were for sale from Avalon http://launch.avalon-asics.com/ but they only took orders for a <1000 in 3 batches that sold out very quickly and are going for 20k + on eBay. Butterfly labs has been promising a lot for a long time but there is no evidence yet that they will actually deliver anything. They have taken a lot of pre-orders though. There is a third company that lets you buy shares and is running ASICs but doesn't sell them. I can't remember the name at the moment.

Re: How the Internet Archive is having a great time with Bitcoin

#38
post #23

Earlier quoted context omitted.

You can still mine with AMD GPUs but the difficulty has been rising fast due to the release of ASICs. For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month. ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.

Why not an FPGA?

They did do FPGA, many of the companies selling FPGA boards to mine have ceased operations because interest has dropped off since ASICS are where it is at now.

Re: How the Internet Archive is having a great time with Bitcoin

#39
post #34
post #23

Earlier quoted context omitted.

You can still mine with AMD GPUs but the difficulty has been rising fast due to the release of ASICs. For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month. ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.

I don't see why decent ASICs will ever be for sale. It'll be more profitable to run them than to sell them so the manufacturers will keep them.

Because you need a large capital investment to get an ASIC made. taking pre-orders and selling some is one way to get that cash.

Re: How the Internet Archive is having a great time with Bitcoin

#40
post #38

Earlier quoted context omitted.

Why not an FPGA?

They did do FPGA, many of the companies selling FPGA boards to mine have ceased operations because interest has dropped off since ASICS are where it is at now.

/facepalm
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