Because there are only 3600 bitcoins per day no matter how many PCs you throw at it. If Amazon started using all their power to mine them, they might get them all, but the price wouldn't rise to accommodate and they would be spending millions to make thousands.
Bitcoin mining is a careful balance between getting enough power to make a profit and not losing money by overspending based on the difficulty. Most bitcoin miners lose money and only make it up by holding the coins until they are worth more. This is by design in the bitcoin protocol, BTW.
Ironically, because of this competition, AWS is considering taking bitcoin even though Amazon is far from it.
I once thought about writing a virus as an academic exercise (I have never actually written a virus). This was how I was going to evade signature detection. If my virus put random numbers of NOOPs in the code when it rewrote itself and moved the jumps accordingly, it would be very difficult to make a signature for.
I have a friend that works at a government contractor and I had to explain to him how to use both XP Mode (for an older program with drivers that wouldn't run on 7) and also DOSBox (for a DOS program that wouldn't run on 7 or XP Mode).
Really? Lately I find Google extremely lacking. I look for stuff that I absolutely know exists and can't find it at all. In fact, I was looking for a MAME ROM where I had the EXACT spelling and Google kept misspelling it and giving me other stuff with no way to get the actual item at all.
I had to go to Duck Duck Go to get it at all. They're slipping if you ask me.
Just got a Roku 3 yesterday. Things may have changed, but here's the latest:
* The credit card is clearly marked as an optional feature to allow convenient purchases across many apps.
* I didn't have to buy any apps. Yes, there were some for sale, but I didn't pay for anything. (And Vudu gave me 5 free movies that I haven't seen. Thanks.)
* I found 2 apps that would play from a USB drive for free. And I found one that will play from a Windows network share as well.
* The app I saw claims to support.MPG,.MP4,.MKV and.MP3 and.OGG. I didn't test it, but since it's not hard to include FFMPEG, I don't see any reason why it wouldn't.
* The search across everything feature is awesome. I tried an actor search and didn't even realize that Hulu had SNL, so I watched an episode.
Again, other than the $8/month that I already pay Netflix and Hulu and the $80 I paid NewEgg for the refurbished Roku 3, I didn't pay a dime when I hooked it up.
The big issue is that almost all new Blu-Ray discs required a firmware update to play. I bought my PS3 when there were less than 100 Blu-Ray discs. How could I know that in 3 years I would have a choice between features A & B (movies and games) or C (linux)? I didn't pay for one or the other, I paid for both.
I love DirecTV but have a lifetime ban on AT&T. As soon as this goes through (actually a month earlier), I will officially be a cord cutter. And that's because my other choice will be switching to Comcast.
My wife accidentally double-paid on an Overstock transaction in bitcoin. They refunded the same amount of dollars. We ended up with MORE bitcoins because the price had dropped a little.
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Oh, yeah, and if the bitcoin miners never convert to cash, they are probably not paying taxes on the money ever. That saves 25% or so.
Because there are only 3600 bitcoins per day no matter how many PCs you throw at it. If Amazon started using all their power to mine them, they might get them all, but the price wouldn't rise to accommodate and they would be spending millions to make thousands.
Bitcoin mining is a careful balance between getting enough power to make a profit and not losing money by overspending based on the difficulty. Most bitcoin miners lose money and only make it up by holding the coins until they are worth more. This is by design in the bitcoin protocol, BTW.
Ironically, because of this competition, AWS is considering taking bitcoin even though Amazon is far from it.
I once thought about writing a virus as an academic exercise (I have never actually written a virus). This was how I was going to evade signature detection. If my virus put random numbers of NOOPs in the code when it rewrote itself and moved the jumps accordingly, it would be very difficult to make a signature for.
Why not make the losing plaintiffs the lesser of the 2 legal bills? Big corp sues small guy. Small guy wins. Big corp pays his costs.
Small guy sues big corp. Small guy loses. Small guy pays the equivalent of his legal bills to the big corp.
That way, overspending isn't covered.
Wikipedia is fine as long as you approach it with a critical mind instead of believing that it's 100% gospel truth.
I have a friend that works at a government contractor and I had to explain to him how to use both XP Mode (for an older program with drivers that wouldn't run on 7) and also DOSBox (for a DOS program that wouldn't run on 7 or XP Mode).
People really do this.
Yeah, I just saw the interface...
Wait till you try Windows 8... It's like being GANGraped by Fisher Price.
I'm pretty sure he said right in the post that he was being sarcastic.
Really? Lately I find Google extremely lacking. I look for stuff that I absolutely know exists and can't find it at all. In fact, I was looking for a MAME ROM where I had the EXACT spelling and Google kept misspelling it and giving me other stuff with no way to get the actual item at all.
I had to go to Duck Duck Go to get it at all. They're slipping if you ask me.
Until they merge with Time Warner. Then we can get carrier disputes like they have done with CBS and the new Lakers and Dodgers Channels.
Because you can actually USE bitcoin? You know...to BUY things? Doge is a joke.
He was already messed up in the head. This just confirms it.
My PS3 had a firmware update every time I turned it on. For years. For over 20 minutes every time I turned it on.
Just got a Roku 3 yesterday. Things may have changed, but here's the latest:
* The credit card is clearly marked as an optional feature to allow convenient purchases across many apps. .MPG, .MP4, .MKV and .MP3 and .OGG. I didn't test it, but since it's not hard to include FFMPEG, I don't see any reason why it wouldn't.
* I didn't have to buy any apps. Yes, there were some for sale, but I didn't pay for anything. (And Vudu gave me 5 free movies that I haven't seen. Thanks.)
* I found 2 apps that would play from a USB drive for free. And I found one that will play from a Windows network share as well.
* The app I saw claims to support
* The search across everything feature is awesome. I tried an actor search and didn't even realize that Hulu had SNL, so I watched an episode.
Again, other than the $8/month that I already pay Netflix and Hulu and the $80 I paid NewEgg for the refurbished Roku 3, I didn't pay a dime when I hooked it up.
The big issue is that almost all new Blu-Ray discs required a firmware update to play. I bought my PS3 when there were less than 100 Blu-Ray discs. How could I know that in 3 years I would have a choice between features A & B (movies and games) or C (linux)? I didn't pay for one or the other, I paid for both.
My TV died during the Olympics 2 years ago, so I had to replace it ASAP with whatever they had at the local Best Buy (wife loves the Olympics).
I managed to find a great Samsung dumb plasma TV with low power requirements and a stunning 1080p picture for $500.
The "smart" TVs were $1300 for the same exact set. I have a Blu-Ray player and a Wii U with all the "smart" features for free.
Sounds like I made the right decision. Oh, wait, now the Blu-Ray and Wii are just sending all my data instead.
Or you could just use the router in most home routers to block it.
My teenage daughters have several of them and I never bought them for them.
I love DirecTV but have a lifetime ban on AT&T. As soon as this goes through (actually a month earlier), I will officially be a cord cutter. And that's because my other choice will be switching to Comcast.
Because we just bought the coffee at Starbucks for a fraction of a cent. And we can buy coffee for the rest of our life for $8.
Well, here's to hoping it fails as spectacularly as Linux. That will put the price per bitcoin at what? $50,000?
You haven't missed it. $450 is still really cheap for a technology that will likely revolutionize world finance.
How do they spoof someone's private key? And if they do, then why do they need bitcoin?
My wife accidentally double-paid on an Overstock transaction in bitcoin. They refunded the same amount of dollars. We ended up with MORE bitcoins because the price had dropped a little.