PS3 Bitcoin Mining

From: Sean Brewer 
Anyone heard of this?:

=============================================================== From: trevor noblitt ------------------------------------------------------ It's cool but I can't imagine someone churning a profit from it.

=============================================================== From: "Alex Smith (K4RNT)" ------------------------------------------------------ If you have a PS3 that can still run Linux, sounds like a fantastic application for the processing power! Too bad Sony's PS3 firmware patches removed the "Other OS" functionality of the PS3 several years ago, so unless you have a virgin PS3, unfortunately it won't run. I wish they didn't take that out... :(

=============================================================== From: trevor noblitt ------------------------------------------------------ I think on some software versions there is an exploit that allows you to flash older versions. On Sat, Apr 6, 2013 at 2:22 AM, Alex Smith (K4RNT) wrote:

=============================================================== From: Chad Smith ------------------------------------------------------ The linked software hasn't been updated in over 2 years. I doubt a PS3 - even fully unlocked with Linux - has the power to make money with BitCoin anymore - at least from my very limited understanding of how the mining process works. *- Chad W. Smith* On Sat, Apr 6, 2013 at 11:13 AM, trevor noblitt wrote= : :

=============================================================== From: Sean Brewer ------------------------------------------------------ It very clearly says the last update was 5 months ago. e: y :

=============================================================== From: Dean Warren ------------------------------------------------------ Alright guy and gals what do you make of this?

=============================================================== From: Lynn Dixon ------------------------------------------------------ I think that article is a bit misleading. the "crash" was caused by a massive DDoS attack on MtGox and a few other exchanges, causing a panic sell. I just checked MtGox and the Bitcoin is selling for about $178 bucks right now. So, its recovering quickly. The author of the article sounded like he likes to toot his own horn, and published the article in an hurry to try solidify his prediction without first getting the facts or letting the markets settle. Bitcoin will survive. they have Survived a few crashes before. You can do your own research here: Look towards the end....thats barely a "crash". His claims of "volatility" are a bit stretched as you can see for yourself by looking at any of the market charts. Here is a good market chart showing the Buy/Ask bids: We currently have another wall around the $174 mark. Its a pretty steep wall, so that will jump the price a bit. Looking at the Ask bids (the red bar on the bottom chart), we do see a little increase in the amount of Ask bids, which is increasing the supply on the market, and the price has currently stablized around this mark, but you can see there are a few more walls developing just slighly beyond at the $176 mark so there is a small gap in those prices. That to me indicates some stability ahead. This is also confirmed by the decreasing number of Buy bids as the price approaches the wall. The sellers are currently selling at a level that's near equilibrium to what the buyers want to pay. Since the supply of bitcoin is controlled at 6 blocks (25 btc) per hour, the only other supplier to the market are the folks in the market holding. Most market watchers (Stocks, Forex, Bitcoin, etc) know there are 5 phases to a "bubble" and we are clearly in the 3rd - 4th stages right now. My prediction? The markets will settle out to somewhere between $180 - $200 for a while. Once BFL releases their ASICs, I have no clue what will happen. There is currently a Market Cap of around 1.9 billion dollars....Billion with a B. Thats alot of investment. It's not going anywhere. Mr. Mark Adams bases his "predictions" on the rumours he reads on the forums, and other chit-chat forums instead of watching the actual market data. Thats just my .02 (which at todays rates, is a pretty fair amount of USD) :-)