Is this the same KnightMB that sold us out?

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spinningmagnets   100 GW

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Re: Is this the same KnightMB that sold us out?

Post by spinningmagnets » Mar 28 2014 1:30pm

I apologize if I got something wrong, don't know if he was the owner/employee.

I can understand the idea that cash is paypaled to an exchange, and then converted into bitcoin, and then...I can use bitcoin to make encrypted transactions. But...how does one "mine" bitcoins?

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Re: Is this the same KnightMB that sold us out?

Post by liveforphysics » Mar 29 2014 4:30pm

Bitcoins are an answer to a VERY complex math problem.

To mine Bitcoins, you setup computers to be working out solutions to the math problems.
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Re: Is this the same KnightMB that sold us out?

Post by mark5 » Mar 29 2014 4:40pm

How a total n00b mined $700 in bitcoins
We take a Butterfly Labs Bitcoin miner, plug it in, and make it (virtually) rain.
http://arstechnica.com/gadgets/2013/06/ ... -bitcoins/

Gold in them bits: Inside the world’s most mysterious Bitcoin mining company
Butterfly Labs has taken millions of dollars worth of orders for its hardware.
http://arstechnica.com/business/2013/06 ... g-company/

Bitcoin mining explained
http://www.reddit.com/r/Bitcoin/comment ... t_in_eli5/

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Re: Is this the same KnightMB that sold us out?

Post by TylerDurden » Mar 29 2014 9:51pm

Nakamoto's Neighbor: My Hunt For Bitcoin's Creator Led To A Paralyzed Crypto Genius

"Just hours after Newsweek‘s story hit the Web, I received an email from an old cryptography community acquaintance of Finney’s who has asked to remain anonymous. The email was titled “What are the odds?” It pointed out that Hal Finney had lived for almost a decade in Temple City, the same 36,000 person town where Newsweek found Dorian Nakamoto. Finney’s address was only a few blocks away from the Nakamoto’s family home.

This was an uncanny link: Finney is known to be the second-ever user of Bitcoin after Satoshi Nakamoto himself. He had been one of the first supporters of the idea when Nakamoto floated it on a cryptography mail list, and even received the first Bitcoin test transaction from Nakamoto in early 2009, as Finney himself wrote in a post to the Bitcointalk forum.

In other words, the possibly-first and confirmed-second ever users of Bitcoin lived just blocks apart."


http://www.forbes.com/sites/andygreenbe ... who-wasnt/
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Re: Is this the same KnightMB that sold us out?

Post by silviasol » Mar 31 2014 7:56am

I have heard of this bitcoin, but have no idea what it is. Just internet money to buy and spend online? I heard about coinye a few months ago, lol

http://en.wikipedia.org/wiki/Coinye
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Re: Is this the same KnightMB that sold us out?

Post by Dauntless » May 01 2014 1:16am

Good to hear MIT can just blown half a million on something frivilous. Our California schools would kill for some pocketchange. Perhaps Mr. Knight can sell a little of is booty before the entire exchange collapses.

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Re: Is this the same KnightMB that sold us out?

Post by oatnet » May 01 2014 12:37pm

Dauntless wrote:Good to hear MIT can just blown half a million on something frivilous. Our California schools would kill for some pocketchange. Perhaps Mr. Knight can sell a little of is booty before the entire exchange collapses.

http://www.aol.com/article/2014/04/30/m ... d%3D470469
My California school system seems to have all the cash it can handle. The local high school and middle schools have rebuilt every sports facility in the past 3 years, from swimming pool to tennis courts, soccer, softball, baseball, football field AstroTurf, trac resurfaced, maintenance builds, adding solar, etc. I hope they are spending half as much as actual education, as they are on after-school entertainment.

I am really sick of the bonds that keep getting floated with ads about fixing deteriorating classrooms and buying textbooks, but seem to end up funding everything BUT education. Suckers, er Voters see "kids in need" and vote for the bond issues that jack up tax rates, but the bonds are really feeding the fat cats selling the contracts to install this crap. Between that and the teachers/police unions, California is really over a barrel - Detroit-style bankruptcy here we come.
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Re: Is this the same KnightMB that sold us out?

Post by Dauntless » May 02 2014 1:12am

I can't guess what district this would be. Beverly Hills? They're starving around me. Better than 3-5 years ago, but. . . .
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Re: Is this the same KnightMB that sold us out?

Post by oatnet » May 02 2014 11:59am

Dauntless wrote:I can't guess what district this would be. Beverly Hills? They're starving around me. Better than 3-5 years ago, but. . . .

Not Beverly Hills, just generic suburbia in LA County. Don't get me wrong, our school district is whining about not having enough supplies/textbooks/teachers and warning of impending crisis and doom... while spending cash on infrastructure like Donald Trump. After the 2008 crash there was a lot of hubbub about not having money to pay teachers - while they ripped up two blocks of perfectly fine tennis courts and replaced them with identical tennis courts, and redid all the fields in AstroTurf. That is when I noticed the nonstop construction, which persists to this day.
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Re: Is this the same KnightMB that sold us out?

Post by Chalo » May 02 2014 12:24pm

oatnet wrote:After the 2008 crash there was a lot of hubbub about not having money to pay teachers - while they ripped up two blocks of perfectly fine tennis courts and replaced them with identical tennis courts, and redid all the fields in AstroTurf. That is when I noticed the nonstop construction, which persists to this day.
Capital budgets and operating budgets are different things; any business owner knows this.

The schools may be building things that last for decades, using previously approved bond money that will be paid back over decades. (They also may be using money that came from the state or federal government to do this.) You don't take out long-term loans to pay your staff, though. You pay them out of current revenues, because you have to pay them every month.
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Re: Is this the same KnightMB that sold us out?

Post by scriewy » May 14 2014 11:50am

dan munsterman why you following so closely after the events of BTC, you spreading salt on knightMBs wounds :mrgreen: :?:
EviL Knievel

oatnet i know building contractors use schemes like striking a deal with who ever is dirty in school controlling the budget, saying il put in receipt the job costs 20,000$ though it really costs 15,000$ so the 5000$ wel split between us dirty scumbags, thats why you can see some totally unneeded construction jobs that make you wonder what the FUK, while a near by block, a road is totally busted for decades that could really use some rebuilding

do we as endless-sphere collective feel like we want to kill knightMB :?:
it's a pitty i wont stay to see the world crumble, u jedi Scum

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Re: Is this the same KnightMB that sold us out?

Post by Dauntless » May 14 2014 7:58pm

scriewy wrote: do we as endless-sphere collective feel like we want to kill knightMB :?:
If so, get over it.

Man, just sounds like Knight got himself in there at the schools.

So didn't the federal government recently announce that people WOULD lose money on their bitcoins?

http://rt.com/usa/caldwell-casascius-bitcoin-mint-157/
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Re: Is this the same KnightMB that sold us out?

Post by Dauntless » May 18 2014 1:27am

Dogecoin beats Danica Patrick.

Maybe a few years ago when she could do the 'Sports Illustrated Swimsuit Edition' she could have withstood the challenge. But as she gets on in years all it takes is some Dogecoin and Reddit to push her aside.

http://espn.go.com/racing/nascar/story/ ... s-fan-vote

Can Bitcoin top THAT? KnightMB sponsoring an Indycar?
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Re: Is this the same KnightMB that sold us out?

Post by Ithanul » May 19 2014 6:57pm

Dauntless wrote: So didn't the federal government recently announce that people WOULD lose money on their bitcoins?

http://rt.com/usa/caldwell-casascius-bitcoin-mint-157/
Bitcoin and any digital crypto currency suppose to be taxed, but good luck to them since these coins where built from ground up for being anonymous exchange. Though, they probably can try nabbing the peeps when they convert digital currency to real currency. It really no longer very profitable to even mine Bitcoin because the difficulty settings is now so high from dedicated miner hardware. Reason I am still kicking myself for not mining some back when it was very easy to mine, even my main rig was decent rig those few years back. Only way now to get it is mining other coins to exchange for it, or trade real money for Bitcoin since it kind of acts like a stock in its value.

Of course there are other digital currency like Litecoin, Feathercoin, etc. that use a different code to mine that was suppose to keep dedicated miner hardware from being made for it, but that did not last long as there is hardware being made for it now. Just not as easy to make compared to Bitcoin's code. Did give a go at Litecoin, but since electric is not cheap in California, and I kind of don't want to kill my 7970 video card while mining. Poor thing was breaking 60+ Celsius while doing it. Though, great stress test when testing clocks on a card. But now 7970 my dedicated folder instead.
Dauntless wrote:Dogecoin beats Danica Patrick.

Maybe a few years ago when she could do the 'Sports Illustrated Swimsuit Edition' she could have withstood the challenge. But as she gets on in years all it takes is some Dogecoin and Reddit to push her aside.

http://espn.go.com/racing/nascar/story/ ... s-fan-vote

Can Bitcoin top THAT? KnightMB sponsoring an Indycar?
O lord, the Dogecoin. Suppose to be a joke coin, but it amazing what been done with it. Remember over on the computer forum I go to. Everybody was mining it for the giggles. :lol:
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Dauntless   100 GW

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Re: Is this the same KnightMB that sold us out?

Post by Dauntless » Jun 01 2014 8:43pm

If you can buy gold with Bitcoins, I know what I'd spend 100% of mine on. If I had any.

Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
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Re: Is this the same KnightMB that sold us out?

Post by methods » Jul 27 2014 12:08pm

I am again being prompted...

On a side note:
I will not return to the forum in a technical/social capacity until the last of my (Methods Technology) business is resolved
(ship a box or two, repay some kindness, etc. Has to be that way out of General Principle. Anyone who continues to participate whilst not addressing business is not in my good graces)

That said -> If anyone has spare bandwidth... could you investigate this for me and report back via Email?
(You can find my email thru my sig)

Gridcoin Info from cryptocointalk
http://boinc.berkeley.edu/

What I am interested in knowing is how novel gridcoin is.
Is it one of many or one alone?

thank you
I will return once I have secured income, dealt with loose ends, and have something interesting to work on with you guys.


-methods

methods wrote::wink:

We don't rewrite history around here. The facts stay... and the motive can be speculated on.

-methods
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Re: Is this the same KnightMB that sold us out?

Post by Falco » Jul 28 2014 4:55pm

methods wrote:I am again being prompted...

On a side note:
I will not return to the forum in a technical/social capacity until the last of my (Methods Technology) business is resolved
(ship a box or two, repay some kindness, etc. Has to be that way out of General Principle. Anyone who continues to participate whilst not addressing business is not in my good graces)

That said -> If anyone has spare bandwidth... could you investigate this for me and report back via Email?
(You can find my email thru my sig)

Gridcoin Info from cryptocointalk
http://boinc.berkeley.edu/

What I am interested in knowing is how novel gridcoin is.
Is it one of many or one alone?

thank you
I will return once I have secured income, dealt with loose ends, and have something interesting to work on with you guys.


-methods

methods wrote::wink:

We don't rewrite history around here. The facts stay... and the motive can be speculated on.

-methods
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Falco   100 W

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Re: Is this the same KnightMB that sold us out?

Post by Falco » Jul 28 2014 5:03pm

methods wrote:I am again being prompted...

On a side note:
I will not return to the forum in a technical/social capacity until the last of my (Methods Technology) business is resolved
(ship a box or two, repay some kindness, etc. Has to be that way out of General Principle. Anyone who continues to participate whilst not addressing business is not in my good graces)

That said -> If anyone has spare bandwidth... could you investigate this for me and report back via Email?
(You can find my email thru my sig)

Gridcoin Info from cryptocointalk
http://boinc.berkeley.edu/

What I am interested in knowing is how novel gridcoin is.
Is it one of many or one alone?

thank you
I will return once I have secured income, dealt with loose ends, and have something interesting to work on with you guys.


-methods

methods wrote::wink:

We don't rewrite history around here. The facts stay... and the motive can be speculated on.

-methods
holy sh@t he returns!
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Re: Is this the same KnightMB that sold us out?

Post by Dauntless » Jul 29 2014 12:13am

methods wrote: Anyone who continues to participate whilst not addressing business is not in my good graces)
??
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Re: Is this the same KnightMB that sold us out?

Post by teslanv » Jul 29 2014 12:36am

methods wrote:If anyone has spare bandwidth... could you investigate this for me and report back via Email?
http://boinc.berkeley.edu/
Looks like a "botnet" for volunteer PCs. Theoretically doing good deed computing for research.
I like that you can choose the projects you want to devote your processing power towards...
[edit] Got signed up for boinc.berkeley.edu, and am currently donating my spare pc power towards SETI (search for Extra Terrestrial Intelligence) -Cause who didn't love the movie "Contact", and a Bio Research project called Rosetta through the University of Washington (my Alma Mater) which is working on cures for HIV, Malaria, Cancer & Alzheimer's. (My Paternal Grandmother had Alzheimer's pretty bad before she died, and I worry my Dad is starting to show signs.)
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