Bitcoin and Silk Road

Discussion in 'Off Topic' started by Sergeant, Oct 31, 2013.

Bitcoin and Silk Road

Discussion in 'Off Topic' started by Sergeant, Oct 31, 2013.

  1. Sergeant

    Sergeant Pug Shepherd & Premier Cat Herder

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    I thank Jaamaw for turning me on to MemePix.com.
    While on MemePix tonight, I saw this picture with the title Bitcoin Mining.
    [​IMG]
    I thought "Wow"! I had never seen a setup like this, so I looked up what Bitcoin is:
    http://en.wikipedia.org/wiki/Bitcoin
    And what Bitcoin Mining is:
    https://en.bitcoin.it/wiki/Mining

    I thought this had something to do with item mining like when people use bots to earn items in games like Diablo and Star Trek Online. Then they sell the items for real money. I was wrong but it was still interesting to lean more about the internet.

    So Bitcoin was the money used on Silk Road.
    http://en.wikipedia.org/wiki/Silk_Road_(marketplace)
     
    Last edited: Oct 31, 2013
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  2. Patrick

    Patrick Ireland - Sunshine is a Rumour.

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    Bitcoining is no longer profitable without mad investment and really specific gear, it requires so much processing power to mine a single coin (solo) that the energy cost means you make a deficit. People who were in there at the very start when mining a coin was easy made money, now it takes groups of people to get a single one.
    Also, the setup above is bad, apparently the best one at the moment are four 5XXX series radeon cards or some shite like that.
    Also silk road is hella dodge, go if you need slaves, aks or a small country, never mind the drugs and other highly illegal shite.
    Oh, and to go deeper into this people used to use TOR, now it appears more than half the nodes are owned by the FBI so the entire thing has fallen apart and many people have been arrested.
    and away I go!
     
  3. FoxReinhold

    FoxReinhold Judge

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    A French University did a study and figured out that in order to break TOR, you'd need to control 1/3 or more of the nodes. You would then need to use the timestamps from the packets and the millisecond differences between when the packet was sent to when it was received to trace it down to it's origin. It IS possible, and The Silk Road (as well as other TOR sites) had some insane stuff on it... goods and services that will haunt your nightmares once you find out they exist for real...
     
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  4. Patrick

    Patrick Ireland - Sunshine is a Rumour.

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    I knew there was some percentage someplace, couldn't remember what though, cheers for the info Fox.