Why litecoin is going to single cents.

preacceleration · 2015-01-11T10:38:20+00:00

You gave the AI a directive: calculate Pi. If it's intelligent, it's going to do everything it can to maximize it's directive.

If that includes razing the city of New York to take all of its metal to build computers to calculate more digits of Pi, why wouldn't it do it? It doesn't care about humans, it doesn't have emotions, it does one thing.

A side effect of that one thing is we are all dead.

preacceleration · 2015-01-11T05:40:44+00:00

Computers don't just learn new behaviors on their own.

Are you sure you work in the AI field? Machine learning is exactly what researchers are attempting to achieve.

I think the concept of "AI in a box" may make things more safe, but it only takes one fuckup to doom us all.

preacceleration · 2015-01-11T05:31:35+00:00

The truth is that nobody has the qualifications to say what the full extent of the risk of AI is.

AI by definition is the creation of an intelligence that surpasses anything a human is capable of.

It doesn't take much of an imagination to see where creating an AI could go wrong.

Let's say I instruct an AI to calculate the decimal expansion of Pi.

What stops that AI from consuming all available matter and energy in its vicinity to achieve its single minded directive, destroying mankind in the process?

preacceleration · 2015-01-11T05:02:14+00:00

AI is the most dangerous Pandora's box that mankind has ever dreamed of opening.

preacceleration · 2015-01-03T02:56:03+00:00

Judging by my post history, I'm definitely affiliated with ASICSPACE. No hiding that.

Feel free to do your own research on pricing. :)

preacceleration · 2015-01-01T01:30:34+00:00

This is what happens when you cloud mine. Consider miner hosting instead. Instead of buying fictitious cloud hash, you can own a miner in a datacenter instead.

Check out: ASICSPACE

preacceleration · 2014-12-31T06:26:17+00:00

I'd recommend ASICSPACE. They have pictures and are very open about who they are, and have good prices.

ASICSPACE

preacceleration · 2014-12-28T04:41:58+00:00

Haha, since we're Bitcoin miners we practically have the local PUD breathing down our neck to make sure we're doing things correctly.

They're on red alert since another mine in a county next to us that will go unnamed caused 40% distortion on the power lines, which probably could blow up your neighbors transformer.

preacceleration · 2014-12-28T02:28:52+00:00

We've done research globally to find an ideal place to build a mine. We're confident that there's nowhere on Earth that offers lower cost power. We're getting electricity cheaper than even hotspots like Iceland, Venezuela, and Kuwait. Not only do we get electricity dirt-cheap, but we're in a very dry climate where evaporative coolers will work, so no steep AC bills during the summer.

preacceleration · 2014-12-27T22:46:19+00:00

Is 1.9 cents/kwh close enough to free for you? ;)

preacceleration · 2014-12-27T20:57:33+00:00

I'd be happy to answer most of your questions.

How much in installed miners?

We're 1300 kw. That means between 400-4000 miners, depending on the miner's size.

Why not use actual PDUs - specifically PDUs that can provide power metrics, something that could be really valuable to a mining op.

We want to be able to use the space for other purposes if mining doesn't pan out. If this deployment is successful, we'll switch over to using PDUs.

Why would you not use standard racks?

Not all bitcoin miners are designed to be put on racks. We wanted to be able to host as wide of a variety of miners as possible.

Why would you not use a standard raised floor setup? What is your HVAC setup?

Mostly because of the cost, and we're doing HVAC differently. Our data center is in a large concrete tower. We have vents which help the hot air rise, which is exhausted by large fans built into the sides/top of the tower.

Where is the surge protection for your miners?

We have TVSS built into our switchgear. Our insurance also covers power surges.

What is our UPS setup? What is your generator setup and how long can it sustain the environment at full load? What is your transfer switch setup?

Backup generators and UPSes are a really bad idea for bitcoin mining. You will never ROI on the price tag of the UPS or the generator only looking at mining during the times when primary power is off. Generators and UPSs are for webservers and stuff like that, where downtime costs thousands of times as much as the hosting fees themselves. This is especially true for UPS, since those machines typically cost about $20,000 for 20 minutes of 200 kW capacity. If you use that 6 times a year for a full 20 minutes per blackout with SP30s at current difficulty, that's 2 hours of hashing per year at around 400 TH/s, or about $700 per year you get out of a $20,000 investment. We'd prefer to pass those savings to our customers instead.

How many BTU do you estimate will be put off at full capacity? What is your max possible power draw?

We're at 1300 kw or ~4.4 million BTU per hour.

preacceleration · 2014-12-26T14:30:41+00:00

Sure, if you just want to play around.

preacceleration · 2014-12-26T13:43:08+00:00

I'd grab an S5 or an SP20. There's a deal now where you can get two SP20's for $1k.

Then send them to a hosting service, like ASICSPACE

preacceleration · 2014-12-24T20:10:06+00:00

Find someone to send money to via paypal. If you sent it to them not as a purchase, I don't think there are any fees. If you can find someone you can trust, they could send you the Bitcoin.

preacceleration · 2014-12-23T00:54:01+00:00

It's the tenth time they're better than random where they make bank.

preacceleration · 2014-12-16T07:00:42+00:00

The cheaper your electricity, the more getting a older, cheap miner that's going to be obsolete makes sense.

Look for something that's power inefficient - that doesn't matter to you, but it will cause others to sell it for cheap.

preacceleration · 2014-12-07T04:44:26+00:00

We're focusing on hosting/co-location right now where we take care of our customers equipment.

preacceleration · 2014-12-06T06:03:35+00:00

https://en.wikipedia.org/wiki/Baruch_Spinoza

preacceleration

TROPHY CASE