The evolution of mining for bitcoins

ASCI otherwise application-specific integrated circuit machines have arrived in the bitcoin mining economy. The original system arrived at a miner's home in late February and since that time testimonies are actually rolling in of delivered ASCI models securing their route into miner's bitcoin mining rigs.

Due to the fact that ASCI appliances are created specifically for the task of mining bitcoin, they are highly effective equipment at what they are made to carry out. High-end ASCI equipment come with a per second hash velocity of over just one million. The average Processor administering bitcoin mining programs provides a per second hash velocity of 1.5.

Needless to say the shipment of ASCI machines are completely a game changer in the bitcoin community. Processors are no longer indeed encouraged by bitcoin mining tools simply because a Computer working 24x7 would most likely not get a bitcoin for several years, regardless if it had been mining in a large pool.

This phenomena those thinking about mining who moreover happen to have a lot of money sitting around to be blown on highly-priced hardware, as well as the experimental adopters of bitcoin mining who in all probability are making a substantial profit margin from their initial mining productivity. Those fast earnings could just be rolled into the latest and optimal equipment and rig setup to go on making bitcoins far down the road.

Those miner who are prepared to be maintaining slightly mighty GPUs have been knocked back the gravest by the ASCI expansion. The complexity in profitably mining a block of bitcoin has boosted to a threshold that will help to make the price of electricity bills override the payment a GPU miner could see in bitcoin from year to year.

This conjecture is connected considerably to the longevity of the value of bitcoin heading ahead. If bitcoin exists around the recent twenty us dollar level then invention will always improve. ASCI at least partially has played a major part in the rally that bitcoin has experienced during the last couple of months. The Us dollar currency trading level for bitcoin has increased from 13 us dollar to 25 usd. It really is difficult to get a stock with that kind of return anyplace across the globe, so it is likely for bitcoin to be gaining awareness in the past few months. And will this focus go on? If so might it attract a lot more inspection and fluctuations than stability on the still young electronic digital currency? Sooner or later relative stability is most likely the one feature that bitcoin needs to cultivate if it is to execute the original goal of becoming a viable and competing currency on a world scale.

And so will bitcoin go beyond the present label of speculative instrument? The answer lies in a complicated web of elements containing the sizeable collection of humans: national politics, mindsets, economics, panic, independence, convenience, privacy...etc. No matter what the out-come it certainly is bound to be an exciting exhibition. To follow this story and other developments in bitcoin you can visit this site.

US Floods Middle East with Weapons; Undermines Possibility of Peace in the Region

Live by the gun, die by the gun. These seem to be the words the Bush administration continues to live by as today they prepare to announce the proposed sale of $20 Billion in weapons to Saudi Arabia. This deal is being seen as a way for the Bush administration to convince Saudi leadership to support further sanctions on Iran. The sale will also amplify the United State’s threat to Iran, which essentially at this point seems to be, “We’ve got you surrounded, please step away from the oil.”

This announcement does not guarantee that the sale will go through; Congress still has the opportunity to block the sale in the next thirty days, and questions about the proposal are being raised by both Republicans and Democrats.

However, what is fascinating about the questions being raised by Congress is that generally the concerns are regarding the possiblity that the weapons being sold to an Arab country could possibly pose a danger to Israel. The concerns had very little to do with the fact that the Bush Administration is willing to sell $20 billion in weapons to a non-democratic absolute monarcy, whose horrific human rights record in the previous year alone includes the beheading of 134 individuals and the lashing of a rape victim.

But true to the Middle East axiom, your enemy’s enemy is your friend; the Bush administration gives the Saudi government piles upon piles of precision guided missiles.

And in response to the concern raised by members of Congress, of the potential threat to Israel, the administration decided to simply balance it out and sell Israel $30 billion in weapons.

The press in the United States generally fails to acknowledge that by continuing to support Israel militarily the Bush Administration undermines any attempts at brokering peace between Israelis and Palestinians, which by deduction reveals the true agenda (gathering support for further sanctions on Iran) of this current tour of the Middle East. The 30 Billion in military aid represents a substantial 25% increase in planned US aid to Israel in the next 10 years.

It seems the military industrial complex has grown to the point where it is able to have the President of the United States go door to door in the Middle East selling weapons.

Despite the large sale of weapons to Saudi Arabia, the United States has no illusions that Saudi Arabia will again allow the United States as a launching pad for an attack on Iran.
According to a newspaper that speaks the mind of Saudi leaders, “We refuse to be used to launch wars or tensions with Iran.” They go on to say, “This issue can be solved through diplomatic means and through dialogue.”

We can only hope all of these weapons flooding the Middle East, provided by US corporations, do not come back to harm us in the near future.

As Long as US Troops Are Not Dying Is America ‘OK’ with The Occupation of Iraq?

The Pentagon is asking for $3.5 billion (in the fiscal year 2009) in order to move forward with its Future Combat Systems (FCS) program. The program is being promoted as a way to make soldiers safer and smarter on the battlefield but does little to address civilian casualties.

This $3.5 billion is important in the eyes of Army Chief of Staff General George Casey who is calling for earlier than scheduled testing of key technology in the FCS program. The two key devices being tested are the Micro Air Vehicle (MAV), which is an unmanned surveillance device, as well as the Small Unmanned Ground Vehicle(SUGV). If testing goes as planned the devices could be ready for combat five years prior to their originally scheduled 2015 arrival.

I firmly believe that any American soldier’s life that could be saved by this technology should be saved by this technology. I want to be very clear that I have nothing against protecting American lives. It is important however to view the arrival of this technology in the context of the discussion we are having in this country about whether or not to remove American troops from the Middle East.

John McCain, when asked a week ago during a town hall meeting in New Hampshire how long the troops would be in the Middle East region, he stated, “make it 100…as long as Americans are not being wounded or killed…it would be fine with me, I hope it would be fine with you…”

The way the discussion about the War in Iraq has been framed in the MSM in this election year is either you are for the continuation of the war or you are against it, and generally the only reason you can be against the Iraqi War is because American soldiers are dying.

The severe price that Iraqi civilians pay is often ignored; very rarely does the MSM cite the fact that innocent Iraqi civilians are dying every day in the crossfire of this conflict.

The most often quoted statistic of the war is the American soldier’s death toll, which as of today is 3921.

The most recent guess at the Iraqi death toll released today by the World Health Organization is between 104,000 and 223,000. So while the American troop death toll has every dead US soldier accounted for, as they should be. The civilian death toll has a range of 119,000 human lives. And this estimate by the World Health Organization is conservative when compared to Johns Hopkins University study which estimated the Iraqi civilian death toll at 600,000 in mid-2006.

Many civilians died in the initial bombing by coalition forces back in 2003, but a substantial number of civilians continue to die by the hand of American soldiers. According to IraqiBodyCount.com, in a five month span 600 Iraqi civilians were killed by US forces, with 15 women and children being killed in a single air raid in October of last year. Most often US forces do not intentionally kill civilians but it inevitably happens when a military force occupies urban terrain where civilians are residing. Read this government document of a fisherman’s death for a perfect example of how easily life is taken in this environment: http://www.aclu.org/natsec/foia/pdf/Army0550_0554.pdf

Even rarer than the mention of the Iraqi civilian death toll is the mention of the Iraqi civilian refugee population which has now reached an estimated 2,000,000 in Syria and 800,000 in Jordan.

And then the Pentagon and Administration still have the nerve to quote the reason for the reduction of violence being the US troop surge. Even a casual observer when shown these numbers would conclude that the reduction of violence is directly linked to the reduction of 3,000,000 people in the region.

So as the technology coming out of the Pentagon improves and begins to save more and more US soldier’s lives let us not forget the full scope of the tragedy of warfare and military occupation when discussing decisions to be made in regards to American foreign policy.

Plans To Bomb Iran Move Forward

Yesterday President Bush arrived in Jerusalem where he was to be briefed on a range of military options that could be used in striking Iran. These briefings come less than two months after President Bush’s own intelligence network informed him that Iran terminated their nuclear program in 2003.

This is the Bush Doctrine in all of its horrific glory. The NIE complied by his own intelligence organizations did not come up with the correct answer, so he has decided to get a second opinion. He conveniently asked Israel for that second opinion, knowing full well that they are eager to bomb Iran. I wonder if he will take the time today to ask anyone in Palestine their thoughts on the matter, I’m guessing no.

On top of the hubris of even publicly holding this meeting in Israel under the guise of Israeli/Palestinian peace talks (an issue Bush has chosen to ignore for seven years now, not only allowing the occupation of the West Bank but also funding it), President Bush decided to comment on the incident that took place yesterday in the Strait of Hormuz.

Bush said the incident was "a very dangerous gesture" on the part of Iran. He continued by adding,

"We have made it very clear, and they know our position, and that is: There will be serious consequences if they attack our ships, pure and simple."

It is important to remember that he is quick to use this rhetoric although it is still unclear whether or not the speed boats did belong to or represent the Iran Revolutionary Guard (the US offered up one boat’s display of an Iranian flag as proof). Also,the threat of an attack that was heard on the US aircraft carrier has not been confirmed to have come from the speed boats let alone the Iran Revolutionary Guard.

No person involved is surprised that Bush would use this rhetoric without any solid evidence, in the light of him using the now infamous World War 3 language when it is now believed that he had full knowledge of the NIE that would be released weeks later.

The reality is that the Bush administration wants to bomb Iran. They do not have the support or political capital they need in this country to do so. So they are going to have Israel do the bombing for them.

That is if we don’t soon see a Gulf of Tonkin incident soon in the Strait of Hormuz, or even on the Iran/Iraq border.

Once a single bomb is dropped in Iran, all bets are off. Iran’s reaction to an Israeli/US bombing of a target within their borders is unpredictable at best. At the very least our military would see a drastic increase in violence in the streets of Iraq. At worst we could see retaliation on our own soil here in the United States.

Another question that comes to mind is once the bombs are dropped and the war widens in the Middle East, how does the US military recruit the troops to fight this war?

It's the Economy, Stupid!

As I was watching the coverage of the New Hampshire Presidential primaries tonight it was as if the commentators forgot to place their commentary in the realm of reality that is our present day America and decided instead to speak in the grand language of recording history. One commentator who will go unnamed was quick to point out that Obama and his wife invoked past scenes of the Kennedy years. Another pundit looked extremely pleased with himself as he compared the Clinton victory to the famous “Dewey beats Truman” headlines. These experts, simply put, are out of touch with what is going on in this country. They were attempting to give tonight’s results the importance of a significant event in this country’s narrative, when in fact this primary will most likely be forgotten in less than a month.

With the general election still over 10 months away, Clinton should do herself a favor and ring up an old friend of the family, whose famous words have never rung more true,

“It’s the economy, stupid.”

As this presidential race develops, as hard as the frontrunners might try to avoid addressing the facts, there is no denying that the economy is going to become the overwhelmingly central issue this election year.

Cue Stage Left: Ron Paul.

Merrill Lynch, one of the United States largest financial institutions, today released a report, not to say a recession is probable, or even to say a recession is imminent, but rather to say that a recession for the United States of America’s economy is HERE. In the report they cited the recent unemployment rate hitting 5% to be the straw that broke the camel’s back.

Another key indicator that the recession is underway is that today AT&T’s stock took its biggest hit in five years. This is after AT&T cited that they have experienced the signs of softness in the home phone and Internet business. In layman’s terms: People are so broke they can’t even pay their phone and Internet bills.

Right now the recession is climbing quickly up through the ‘voiceless rungs of the lower middle class’ but those people will be given a voice in the year to come and expect them to speak loudly when it comes time to elect this country’s next President.

While Clinton is quick to talk about the unemployment rate or record oil prices, she isn’t willing to address the fact that the United States dollar is in a free fall. No candidate is willing to address the plunging dollar except for Ron Paul.

So bottom-line, Ron Paul has no reason to worry about the future of his campaign, even though his numbers tonight were weak, because when the impact of recession reaches the masses, the public will begin to demand answers and they will not find them in Obama’s message of hope, or in Hillarycare, or in the McCain’s hundred year war or quite surprisingly even in Romney’s Olympic experience. They will find their answers in a sensible sound currency and the sensible foreign policy stance of Ron Paul. It’s really that simple, just like Carville said:

“It’s the economy stupid!”

The Federal Government's Assault on Internet Freedom

For years now governments in closed societies such as North Korea and China have recognized the power of the Internet when it comes to amplifying the voices of dissent against the seats of power in which they sit. That is why they have restricted the use of the Internet and in some cases banned the Internet entirely.

The message that the United States Federal Government is attempting to send the big boys of the telecommunications industry in recent months is essentially, “Hey, we got your back.” There are three significant events in the legislative branch on the topic of the Internet in recent months that deserve the attention of the public.

The first and most recent development is that the Senate has moved closer to passing a bill that would make large telecommunications companies such as Verizon immune from lawsuits for their cooperation with the Federal Government’s illegal wiretapping of American citizens. This bill would allow the NSA to eavesdrop on phone and internet communications with very limited court oversight, and absolutely no warrant would be necessary if “surveillance (is) directed at a person reasonably believed to be located outside of the United States."

This more recent bill when considered along side House Resolution 1955(which would assemble a committee that would be assigned to studying the origins of homegrown terrorism) has led some to believe that they would essentially be building a case to enact legislation to tighten up the free and open media in the United States which is already under threat. This war would be waged against generally smaller, independent forms of media and would be justified under the guise of defending against homegrown terrorism.

House Resolution 1959 has this to say about Internet use in the United States:

“The Internet has aided in facilitating violent radicalization, ideologically based violence, and the homegrown terrorism process in the United States by providing access to broad and constant streams of terrorist-related propaganda to United States citizens.”

Congressman and Presidential candidate Ron Paul reacted to this portion of the bill by saying this in a speech on the House floor:

“The legislation specifically singles out the Internet for facilitating violent radicalization, ideologically based violence, and the homegrown terrorism process in the United States. Such language may well be the first step toward US government regulation of what we are allowed to access on the Internet. Are we, for our own good, to be subjected to the kind of governmental control of the Internet that we see in unfree societies? This bill certainly sets us on that course.”

The third prong of this attack that is recently moving forward is the relaxing of rules by the FCC, which would allow companies in large markets to own both a major newspaper as well as a major television channel.

So as the independent voices on the Internet come under threat, the FCC strengthens the control of institutions that already have an amplified voice that is far reaching.

An example of this taking place on a national scale is Ruppert Murdoch(owner of New Corp. which owns Fox News, who just last week assumed control of the Wall Street Journal, not hiding the fact that he will be using a “hands on” approach.

Ron Paul is the only candidate that is opposed to regulating the Internet. The supporters of regulating the Internet are sure to use examples of children being “bullied” on the Internet (in addition to the terrorist angle). While these are legitimate concerns, these cases very often involve minors, and when it comes to regulating the Internet for minors it is the parent or legal guardian’s job not the job of the Federal Government. The real goal of the Federal Government here is to beat back the dissent that is beginning to have a widespread voice in this country because of organization on the Internet. They think the Internet is great as long as it stays in its intended realm, which is e-commerce.

The establishment across the spectrum is terrified by what they see the Ron Paul campaign accomplishing on the Internet by being the rallying point for dissenters. The success of the Paul campaign is proof that the Internet is still in its Wild West era and it is in the best interest of civil liberties in this country that we keep it that way forever.

The New Model for Revolution

As the Republican race comes down the home stretch before the first vote is cast in Iowa, the outcome is anything but certain. More clear than what the eventual voter totals will be is that the campaign of Ron Paul has built an underground infrastructure of funding, organizing and promoting that may very well mark a significant paradigm shift not only in political campaigns but in the organization of dissent against the United States government and governments around the world. For a moment lets take the backhanded compliment that Ron Paul’s campaign often receives, pundits will essentially say that he has a small but extremely vocal group that is highly motivated and well funded. Fair enough, lets take that criticism and see how and why the Ron Paul supporters have been able to bring together just that, a vocal, motivated, passionate and well funded group that spans not only the United States but to some extent the globe (there are meetup groups in Berlin, Paris, London, Tokyo, Sydney, Helsinki, Amsterdam, Cape Town…the list goes on and on).

It is the age of isolation in this country. People sit most nights alone or with a few others in front of their computers or television screens and wake up the next day to ride alone in their cars on the way to work where they sit isolated in their cubicle or work amongst people that only feel comfortable talking small talk as their freedoms evaporate around them. Then on the weekends Americans drive off to their divided places of worship or cheer for their hometown team against their neighbor’s team. Our country is divided and we are lost, so lost and isolated that it is hard to know where to start in order to turn this thing around. Thank God Ron Paul has come along, spent his life infiltrating the system and now has presented a means for organization, a shorthand for the revolution, the Ron Paul campaign.

Even Ron Paul himself thought he was alone and was hesitant to begin the campaign. Now it is becoming increasingly clear that the only people that are truly against Ron Paul are those that are desperately trying to hold onto their power, and unfortunately trying to control the minds and decisions of those that still believe that they are alone and that the thoughts that they think and the dreams that they dream are crazy…so they dismiss them. People in the United States are told repeatedly that only reasonable portions of their dreams are possible, and unfortunately sometimes the paranoid and desperate individuals that are in power in this United States government succeed in convincing millions of citizens that their situation in this world is hopeless, they should just be happy that they have not yet been murdered by terrorists.

Those who are part of this campaign in its early stages are seeing the inner workings of how mass movements gather momentum and rise up against the powerful few. Despite not being acknowledged as legitimate in the old mass media paradigm, networks of people have found each other through the internet and word of mouth and they have used these tools to organize locally and to gather together in geographical places of influence (New Hampshire/Iowa). The internet is to this freedom movement what the network of churches and universities was to the Civil Rights movement of the 1960’s. The movement has also used the Internet to accomplish goals that have surprised the people enslaved to the old paradigm, unable and unwilling to adapt because, and only because, it is where their power is rooted.

It is very important to understand that this freedom movement has no leader, only representatives, and it is because of this structure that major victories can spring up from any corner of the movement (i.e. Trevor Lyman).

The movement is far from reaching its full capacity, but even in its infancy it has accomplished and inspired the gathering of $4.3million in a single day, a blimp flying up the eastern seaboard going from an idea to reality in weeks, and a general takeover of English language social networks and media outlets on the World Wide Web. This message has gathered hundreds and often times thousands of people at hundreds of different locations throughout the United States. Citizens are not coming together to watch celebrities speak, they gather to assure each other that they are not alone in their fight, a fight whose victory promises to be difficult but achievable because the message is so universal.

When this movement reaches its full potential, the country will change. I can foresee demonstrations of millions organized and funded in a week’s time (this is not to mention that we could possibly see a shifting of the protest paradigm as well, moving away from the mass demonstration towards nationwide local demonstrations in solidarity with each other). The demonstrations and protests will be taking place for a variety of reasons: to beat back the latest insane legislation or simply to demand peace, life, freedom and liberty. It will not matter if the old media paradigm shows up to cover the mass demonstrations. The reason the old media’s presence will not matter is because this movement will be operating their own cameras and the images will broadcast around the world within hours. Then the establishment will begin to realize that this revolution is not within their reach to smash or even make pretty, and then my friends…the true battle will begin.