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About LinkBacksI don't fold for profit, points or status, even if there was no recognition I would fold, as I have had several people in my life suffer from the diseases that folding may one day help to cure or eliminate.
I don't fold for profit, points or status, even if there was no recognition I would fold, as I have had several people in my life suffer from the diseases that folding may one day help to cure or eliminate.
*̡͌l̡*̡̡ ̴̡ı̴̴̡ ̡̡͡|̲̲̲͡͡͡ ̲▫̲͡ ̲̲̲͡͡π̲̲͡͡ ̲̲͡▫̲̲͡͡ ̲|̡̡̡ ̡ ̴̡ı̴̡̡ *̡͌l̡*
Originally Posted by Winston Churchill
I know what you mean GD. I'm leaving my servers running the folding client.
Is there any way you could calculate your electricity usage via the computer over those two weeks? Or am I just being a right royal pain? Sounds like an interesting idea - a Hexus group would surely be a no-brainer given the amount of high-spec'd rigs it's members have!
"I Don't mind Lobster. It's like you could, you know... Punch... A lobster. I wouldn't eat anything I couldn't punch"
google came up with this:
http://www.ukpower.co.uk/tools/runni...s_electricity/
Sounded quite interesting at first, but the more I read about it, the more I thought what a tremendous waste it is. Not only is it a massive waste of energy for some small personal profit, it actively tempts people away from doing calculations for the benefit of others.
Seems a real shame that calculations don't even serve some kind of purpose other than to be difficult. It seems little different from saying "Burn 30 pence of oil, and I'll give you a £1".
Actually, the more I think about it, the more disgusted I am by it. :-/
I treat the expense of my World Community Grid participation as part of the money I give to charity every year. I find it more satisfying than just giving money (which I also do), as you feel more involved.
Bitcoin, on the other hand, just seems like a selfish waste of resources. Nice work humanity - you find new ways to disappoint me every day.
Last edited by Fraz; 11-05-2011 at 11:22 PM.
Am I right in thinking that thousands of people hurl thousands of flops at meaningless calculations, in order to create a virtual dollar, which we can then trade with other people on the basis that if enough people trade something it becomes it's own currency?
Sort of like a decentralised Paypal?
Is it like a faux-pyramid/ponzi scheme in that regard as well?
@OP: I'm not knocking it btw, it just seems like 'something' for nothing, other than excessive heat and an electric bill
Kalniel: "Nice review Tarinder - would it be possible to get a picture of the case when the components are installed (with the side off obviously)?"
CAT-THE-FIFTH: "The Antec 300 is a case which has an understated and clean appearance which many people like. Not everyone is into e-peen looking computers which look like a cross between the imagination of a hyperactive 10 year old and a Frog."
TKPeters: "Off to AVForum better Deal - £20+Vat for Free Shipping @ Scan"
for all intents it seems to be the same card minus some gays name on it and a shielded cover ? with OEM added to it - GoNz0.
I don't know. On the plus side, any of us would only be "investing" processor time, so if it all went belly up it's hardly the end of the world. If you're one of the people who's investing cash, then I guess it could be something along those lines.
I guess the whole concept rests on the idea of perceived value. If everyone turned around one day and decided that bitpoints were worthless, the whole thing would come crashing down. Much in the same way as if we suddenly decided that bits of paper with the queen's face on clearly weren't worth anything at all. Difference is, one is backed by the BoE, and other seems to be backed by absolutely nothing. Can't quite get my head around it at the minute, or at least I can't quite get my head around how it's actually taken off.
Who on earth actually wanted to trade cash for bitcoins in the first place?
Oh, thanks... But I meant could he do it.
"I Don't mind Lobster. It's like you could, you know... Punch... A lobster. I wouldn't eat anything I couldn't punch"
Yes that's right, you're creating money with a real value. It is indeed despicable when you think about it in the sense that you may as well be put on a waiting list and asigned money, rather than actually having to waste electricity...
at first glance I thought it calculates something useful (facepalm)
If someone starts trading a genuine service or product for BTC, then it has value. And if it has value, then it has an exchange rate.
Let's say, for the sake of argument, that a site accepts 2.93 BTC in exchange for a set of furry handcuffs. Ann Summers charges £8 for the same product. Now you have a clear value and exchange rate on BTC, for that good. Multiply that across a range of places that take it, then the value goes up as the number of places that takes it goes up - and the exchange rate is pegged against whatever your own perceived value of the currency is.
Much like how real currency markets work, the exchange rate works by taking an average of "successful" trades, where sellers say "I have this number of BTC, and want £X for them" and buyers say "I have this number of £ and want X BTC for them" - when there's an agreement between parties, then there's an exchange (which may be based on both parties' perceived value) and subsequently an average exchange rate.
Best bet is to use a wattage meter to actually measure real numbers. Anything else is guesswork.
I checked my wattage meter this morning and it was hovering around the 720 mark with my machine running the software. Without it, its down to the 240 mark. Not sure it pays for itself at that rate.
Assuming 10p per KwH, that's just over 50 quid a month in power costs to leave it running flat-out for 30 days (720 hours)
You ought to generate about 80 BTC per month at your 420 MHash/sec rate. At time of writing, that's £240 on Britcoin, or $427 on Mt Gox.
Oh sweet, I started this about a year ago and have 105 BTC
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