sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja
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<LordByron>
is anyone actually building their ASIC miner?
<LordByron>
has anyone done this?
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<bsm1175321>
I've built an ASIC miner which determines primes of the form x00...00y. I feel I've made a valuable contribution to humanity.
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<LordByron>
have you put together all the components on a board yourself or did you mean you just bought pre-made and worked the shell?
<LordByron>
has it gotten you many btc?
<bsm1175321>
I'm being extremely sarcastic...
<LordByron>
ok
<LordByron>
so what is the core everyone can get into -
<bsm1175321>
Because what I said is a stupid idea.
<LordByron>
i mean something beyond just buying asic miners and mining?
<LordByron>
obviously building your asic miners is bit of reach for most people
<LordByron>
so what is then the most effective way to scale?
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<bsm1175321>
None of the above. What is "scale" to you? I think you may be in the wrong channel.
<LordByron>
scaling means to me,
<LordByron>
i guess buying asic miners or whichever effective miners at a cheap price
<LordByron>
cheap(er)
<c0rw1n>
buy a fab
<LordByron>
as much as possible
<LordByron>
c0rw1n what is a fab?
<c0rw1n>
ASIC-fabricating factory
<bsm1175321>
Definitely the wrong channel. Try #bitcoin-profiteers, or #bitcoin-vultures
<LordByron>
that is interesting
<LordByron>
thank you for an interesting idea
<LordByron>
and, what is this channel about then
<LordByron>
if not about bitcoins?
<c0rw1n>
cryptocoin research
<bsm1175321>
Not welcome here. Any moron can buy low and sell high. This channel is about how to make bitcoin better/faster/more private/handle more transactions.
<LordByron>
Thank you for calling me a moron.
<LordByron>
so it's about software than actual practice.
<bsm1175321>
Sorry. It's late.
<LordByron>
alright...
<bsm1175321>
Yes, algorithms and techniques.
<bsm1175321>
No offense.
<bsm1175321>
Maybe #bitcoin or #bitcoin-pricetalk would be up your alley (seriously)
<LordByron>
non taken. i am ignorant. so i am here to educate myself. thank you for the lead. i didnt know such techniques existed to improve bitcoin overall.
<LordByron>
does it however help with the profiteering through mining?
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<LordByron>
or perhaps, does it help exchanges with market(s) and through it, profiteering?
<bsm1175321>
Yes, making bitcoin better helps with profiteering. But the latter, as a motivation, generally does not drive algorithms or research.
<LordByron>
i understand. no, this is where i would like to be. i will stop then with the questions on profiteering.
<LordByron>
i was always curious about how e-currencies were created and how algorithms and machine learning can be applied to the practice.
<bsm1175321>
Ask yourself: why would anyone here, interested in making bitcoin better, also be interested in earning profit for YOU?
<bsm1175321>
LordByron you're welcome to hang out here and listen, but the dicussion is generally pretty esoteric.
<LordByron>
nay. none would be open to help with such benefit toward myself. but some experts use their explanation as an outlet of creativity, to spark new ideas within themselves.
<LordByron>
however, this would be wishful thinking.
<LordByron>
now i understand the nature of this channel, i will simply listen.
<bsm1175321>
We all desire a better financial system, and if we succeed, it will enrich us all. This does not involve which mining hardware to buy today.
<LordByron>
indeed
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* nsh
would be happy with no financial system
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<gwillen>
]/win goto #slatestarcodex
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