Archive for the Computer Software Category

Economics – The value of bitcoin

Posted in Computer Software, Economy, Income with tags , , , on 2015/08/24 by rmolby

I have been involved in bitcoin mining from the early days, but with mining becoming more and more difficult, I have decided to not expend any more regular money on the endeavor, instead to concentrate on bitcoin faucets.

So I was looking at an app called BitMaker on my smartphone, an app that trades viewing ads for small amounts of bitcoin called Satoshi.

A Satoshi is one unit at the 8th decimal place, or 0.00000001 BTC. Since there will be a maximum of 21 million bitcoin ever mined, and there are roughly 7.5 billion people on the planet, and growing, we will need approximately 0.0028 BTC, or 280,000 Satoshi, per person at the current population levels.

To figure out what it take at a minimum to survive in the USA, including food, rent or mortgage, utilities, etc, I will be looking back to 1964. There is a reason for this I will get into shortly.

In 1964, you could live at the transition point from lower to middle class, pay all your bills, live in a decent house, drive one car, have one TV, and not be at the brink of poverty. It meant being frugal. The minimum wage in 1964 was $1.25 and it would provide that level of minimum living on ONE income. FIVE quarters (25 cent coins for those outside of the USA) per hour would pay that level of income!

Now, the reason why I chose 1964 is the fact that there still was silver in quarters, 90% to be exact. If we go to Coinflation.com, we see a single pre-1965 quarter is worth $2.6403 in 2015 dollars. So 5 quarters would be $13.20, that is more than today’s minimum wage in most areas of the USA. That is $27,459.12 per year in 2015 dollars. Back in 1964 you could live decent, today that makes you poor and in some cases eligible for welfare!

But let’s assume that today we COULD eek out a living on $28,000 per year. I rounded the number to make the math easy. As you saw above, there are about 280,000 Satoshi per person, per year, so, that would make each Satoshi worth $0.10 or 10 cents. If this is the case, then 10 Satoshi make $1, and one bitcoin would be worth 10 million US dollars.

Right now, BitMaker allow me to bring in around 16000 Satoshi a week, currently, at about $280 per BTC, that is about 4-5 cents, however, if bitcoin would be worth what it should be as described above, this would represent US$1600, a significant amount of income.

I wrote the above over the last two weeks in short bursts without posting it here. So then today I read an article on beta Kim Dotcom recommends investing into bitcoin due to the current stock market down turns in China, EU, and USA.

So, if bitcoin ever achieves it’s real value, I can totally see my currently meager income of a few Satoshi here and there add up to significant retirement savings. $1600 per day, could turn out to be $584,000 in the future.

Are you acquiring a few Satoshi today?

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Employment – Another new job!

Posted in Blogging, Computer Hardware, Computer Networking, Computer Software, Employer Work, Employment, Income, Technology with tags , , , , , , on 2015/06/17 by rmolby

So, this is week four of yet another new job – and I’m loving this one, too.

As it turned out, about 4-5 weeks ago a former co-worker of mine made me aware of a job position, and after hearing and reading about the employee benefits, and potential salary range, I took the plunge and applied.

Low and behold, I got a call in the middle of May, and by then end of May 2015 I was hired and working for the new employer.

I have to say, in some ways this job is easier due to the corporate compartmentalization, and all the pre-built, organized way of doing business. I have virtually no engineering to accomplish, I can shine at what I do best, which is a troubleshooter of computer and networked peripherals.

Add to that the better offering of benefits in health, life and retirement, and I am a much happier camper. So, I can say, I liked the last job very much, and I liked all the people I worked with, but I like this current job better; while I miss the previous co-workers, my current bunch are great, just as relaxed and mellow, and I am in my element.

Thank you to my fellow co-worker for getting my attention and pushing me to apply! You know how you are 🙂

Technology – UBDC v5.32

Posted in Blogging, Computer Hardware, Computer Software, Employer Work, Technology with tags , , , , , , , , , , , , on 2014/12/31 by rmolby

Today at work I am having to clone a partially defective Windows 7 hard drive to another in the hopes of getting the system back up and running.

So, in the past I have used Ultimate Bood CD for Windows but it has not been updated for Windows 7 or Windows 8, so I decided to give the OSS version of UBCD a shot.

I just downloaded the CD ISO file, burnt it to CD, and it appears to be working and able to access windows partitions and clone drives.

I will return after I have used the disk for a bit and update as to what I think about this latest edition.

UPDATE 2015.01.03

This version of UBCD worked great, I was able to clone the drive just fine, but in the end the damaged drive was in far worse shape than I thought, so the integrity of the damaged partition was such that the clone was unreadable.

Needless to say, I am impressed with this version, and linked to the website in my side column.

I will make followup posts as I gain more experience with this version, and I think I will once again keep up with this invaluable tool.

Dropbox Followup

Posted in Blogging, Cloud Storage, Computer Networking, Computer Software, Internet, iPhone with tags , , , , , on 2012/08/22 by rmolby
Dropbox App

Dropbox App (Photo credit: Funkbreaks)

In my previous post about Dropbox, I said I would make comments about Dropbox.

I just wanted to say, so far I’m impressed how well it works, and it automatically uploads all my iPhone photos to a folder inside the Dropbox folder on my hard drive, and syncs them to the Dropbox cloud. That has got to be my most favorite feature so far.

I’ve always needed to backup all my photos, but never really found the time to setup a backup scheme… problem solved, I love it.

Now all I have to do is setup my wife with Dropbox, and get it to sync the photos from her phone, and share the two folders and we will be set in being able to get to each other’s photos.

If you are interested in signing up with Dropbox, please use this referral link and I will get a little extra space. Thanks 🙂

Dropbox – Received Referral Link

Posted in Blogging, Cloud Storage, Computer Networking, Computer Software, Internet with tags , on 2012/08/01 by rmolby
Image representing Dropbox as depicted in Crun...

Image via CrunchBase

Well,

a few posts below I wrote about the Dropbox cloud drive service, and how I would ask on Google+ for referrals, but I never received a response from my G+ posting, but, +Jeff Gibbs posted his own referral link, and I signed up!

So, I will start using the Dropbox cloud drive for a few days or weeks, and then I will follow up with another post explaining what I think of Dropbox… in the mean time, feel free to sign up using my referral link so I can get extra space 🙂

Microsoft 6419A Class

Posted in Computer Hardware, Computer Networking, Computer Software, Employer Work with tags , , , , , , , on 2010/12/03 by rmolby
Flag of Dallas, Texas

Image via Wikipedia

Wow, this Microsoft 6419A class has a lot of good information in it, but I have to say, the class is only as good as your instructor.

My instructor, Terry Smith, here at New Horizons in Irving (Dallas), Texas,  is outstanding. He really knows his class material and is able to fine tune it to the students.

If you are working in the Server or Network Administration field and only have experience up to Server 2003 environments, and you are either planning to implement, or have implemented Server 2008, I would highly recommend taking this class, and not to downplay the abilities of any other instructor, but if you are lucky to get Terry Smith, you will learn a lot.

Microsoft has come a long way when it comes to servers and infrastructure, and just like Windows XP and Windows 7, with Server 2008 Microsoft has finally reached a major milestone of functionality.

Lotus Notes – Google – iPhone sync

Posted in Computer Software, Employer Work, iPhone with tags , , , , , on 2010/11/03 by rmolby

I have always been frustrated with the disconnectedness of my Lotus Notes calendar at work and my personal calendar on my iPhone, but I have now found the solution:

http://www.awesync.com/

This product runs on your work PC, and after some faily simple configuration, synchronizes my work calendar with my Google calendar and, it in turn syncs with my iPhone.

AWESOME!!!

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