Screenshot of Bitcoin Botnet

yast said:
Care to elaborate ?
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nickster said:
Yeah why?
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He told me, I forgot, but it's easy to decrypt. He's been offered a pretty decent post at C|A(fuck you, google alerts) so I'm willing to take his word for it.
IMHO, it being open source should be reason enough to not use it for encryption. Plus, with all the hype about FBI failing to crack a Truecrypt encrypted harddisk - I just don't buy it.

Your best bet is your own encryption technique.


EDIT: I'm off to sleep, long day. Will probably meet with him this sunday and if I remember, I'll ask him about it and update you guys.
 


If I mined coin in my house, they'd break down my doors thinking I was growing weed in my basement!
 
Wright said:
This $299 Tool Decrypts BitLocker, PGP, and TrueCrypt Disks

You may also want to read some of Bruce Schneier's papers on the truecrypt.
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You should know, if you read the article, that this isn't "decrypting", but a memory dump. A memory dump usually requires physical access to the PC while the secure key is in use, or later if the PC went into hibernation while the secret key was being used.

Schneier didn't crack truecrypt. He simply pointed out that truecrypted data's existence can be identified therefore it loses it's plausible deniability.

Even if the feds had a multi-billion dollar machine that could decrypt 256-bit AES, why would they waste a vast amount of resources to decrypt your truecrypt container of a bitcoin wallet?

Meatytreats said:
If I mined coin in my house, they'd break down my doors thinking I was growing weed in my basement!
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The funny thing is that this has happened before.

http://idle.slashdot.org/story/11/0...eads-to-mistaken-pot-busts-for-bitcoin-miners
 
lukep said:
I agree that in the future the govs of the world are going to TRY to do something to stop it... But without an office to seize or shut down, the best they can do is outlaw it... Perhaps attacking some of the exchanges.

But I've come to realize that they don't need to fear it taking over the whole role of the USD; it's just going to be an inbetween-class of currency, or metacurrency if you will... People's "online cash." -And as long as they can stop you from paying your rent in BTC, then you'll still be spending a lot of USD too.
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This reminds me somewhat of the SecondLife market and their form of currency. Some people make a living off that fucking site. In one of the news junkets I watched on it they were speculating if Govt's would intervene or create some sort of SecondLife tax, but I don't think that's happened yet.

Maybe we'll see something like that with bitcoin if it really takes off beyond what it is today?
 
lukep said:
I kinda doubt they have a computer now that could churn out 1 Terrahash of bitcoin mining... If they do, it's a room full of high-end gaming cards...
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Or more than likely, it's as big as our fingernail. Haven't you really noticed that CPUs stopped getting more powerful years ago? Remember back in the day when it seemed like every year new computers were coming out twice as powerful? Nowadays, you buy a computer and 4 or 5 years later, it's still pretty decent. 10 - 15 years ago, your computer would have become a paper weight within two years at the most.

Moore's law dictates computer technology is still increasing, so what happened there? What's Intel been up to lately? They decided they've worked hard enough, put their feet up, and are having a relax? Or maybe, new innovative computing technology is still being developed, but just not being made available to us. I'd say the latter is closer to the truth.
 
transistor said:
I want to buy like 10 of these ASIC machines
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You and me both, brother. I'll take 100 in fact... Good luck to us both.


-joe- said:
Those ASIC boxes - why?

you have a box that you claim can make $300 a day... and you sell it for a total of 4 days earnings?

Seems a little too good to be true.
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Unarmed Gunman said:
Exactly. Seems like a lot of people on here that have earned their living with arbitrage, not understanding arbitrage.
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Guys guys guys... The bitcointalk.org community has been talking about wanting an ASIC solution to mining rigs since 2011 at least... Now there are three different companies at least offering (or claiming to) a product for these willing customers.

It's the very model of the free market at work.


Kiopa_Matt said:
Or more than likely, it's as big as our fingernail. Haven't you really noticed that CPUs stopped getting more powerful years ago? Remember back in the day when it seemed like every year new computers were coming out twice as powerful? Nowadays, you buy a computer and 4 or 5 years later, it's still pretty decent. 10 - 15 years ago, your computer would have become a paper weight within two years at the most.

Moore's law dictates computer technology is still increasing, so what happened there? What's Intel been up to lately? They decided they've worked hard enough, put their feet up, and are having a relax? Or maybe, new innovative computing technology is still being developed, but just not being made available to us. I'd say the latter is closer to the truth.
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I'd agree if not for the naggling little fact that what we see from Intel is still pretty much in line with the Moore's Law predictions:



Software progression sure seems to slow down though... It's like all they can do is make tiny apps or too-bloated apps nowadays. -Perhaps those G-men have all the best coders?




Back to the subject of Mining stats; I just found this live-updated chart calculating Mining competition. (The Difficulty rating)



LOL, anyone else think it may be kind of obvious that the difficulty rating has gone up more rapidly since the Avalons were shipped in late January?
 
lukep said:
Guys guys guys... The bitcointalk.org community has been talking about wanting an ASIC solution to mining rigs since 2011 at least... Now there are three different companies at least offering (or claiming to) a product for these willing customers.

It's the very model of the free market at work.
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So why offer them to the market? There are plenty of ponzi schemes out there, it doesn't mean those ponzi schemes are legit.
 
-joe- said:
So why offer them to the market? There are plenty of ponzi schemes out there, it doesn't mean those ponzi schemes are legit.
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They're expensive to make and are probably cost prohibitive to just make them for personal use. You can't just go buy the parts at radio shack and build these.
 
crackp0t said:
They're expensive to make and are probably cost prohibitive to just make them for personal use. You can't just go buy the parts at radio shack and build these.
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They could build a massive business on credit if they can double their money in less than 2 weeks.
 
lukep said:
Well, we'd have to wildly speculate how much you can grab those used rigs for, but let's assume you can get enough to mine a Terrahash per hour with that money...
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A terahash per hour? I've never heard of anyone talking in hourly terms before when measuring mining performance. It's usually measured by the second. If a terahash per hour is measured simply by the accumulated mining done per second, that's only like 280 mh/s which is nothing.
 
-joe- said:
Exactly. Because the chances of actually finding any gold are very low.
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well, you could say the same thing about IM. The shovel salesmen (IM "gurus") making alot of the $$ and the majority of the wannabees out there buying those 'get rich quick' courses who won't make any money doing IM. But then again, I'm not that knowledgeable about the whole bitcoin mining game, so....:anon.sml:
 
nickster said:
They could build a massive business on credit if they can double their money in less than 2 weeks.
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You'd have to be able to actually sell all of those bitcoins fast enough to pay back the loan. I'm not saying it isn't possible and it might work, but I really don't know all of the costs. I just know it's not cheap to have the boards built.
 
sennin436 said:
well, you could say the same thing about IM. The shovel salesmen (IM "gurus") making alot of the $$ and the majority of the wannabees out there buying those 'get rich quick' courses who won't make any money doing IM. But then again, I'm not that knowledgeable about the whole bitcoin mining game, so....:anon.sml:
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Very different. Making money with IM depends on your personal skill levels. Mining bitcoins can be done by anyone with a basic understanding of computers.

crackp0t said:
You'd have to be able to actually sell all of those bitcoins fast enough to pay back the loan. I'm not saying it isn't possible and it might work, but I really don't know all of the costs. I just know it's not cheap to have the boards built.
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MtGox has traded over $2m worth of bitcoins just today. You could scale up a shitload before running into problems with selling. Your main worry would be the mining difficulty increasing, which is still going to leave you plenty of room to make a decent profit.
 
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