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Bitcoin => Bitcoin Discussion => Topic started by: nereer on May 16, 2011, 10:58:39 PM



Title: this shit is about to go parabolic
Post by: nereer on May 16, 2011, 10:58:39 PM
I am a moderator over at the bitcoin subreddit (obligatory shout out (http://www.reddit.com/r/Bitcoin/)) and I have been keeping an eye on the amount of readers it has for a while now, because it was close to 1000. Anyway, haven't been over there in a while (since this forum is where it's happening) and I looked back and it is now 1,230. So I decided to have a look at the stats and they are quite impressive.

I thought you might be interested to see:

http://i.imgur.com/Q9FG1.gif


Title: Re: this shit is about to go parabolic
Post by: notpron139 on May 16, 2011, 11:04:13 PM
I actually just found out about Bitcoins last night on reddit, and after reading about it obsessively for a few hours, decided I wanted to get involved.  I really like the ideology, and really hope things go well (excited/curious/afraid of what governmental reaction will be).  Got my first GPU up and mining already too :) (this is my first post)


Title: Re: this shit is about to go parabolic
Post by: mewantsbitcoins on May 16, 2011, 11:06:06 PM
Welcome notpron139! Be careful with that mining stuff - it's very addictive  ;)


Title: Re: this shit is about to go parabolic
Post by: BitcoinStars.com on May 16, 2011, 11:08:12 PM
solid info nereer


Title: Re: this shit is about to go parabolic
Post by: nereer on May 16, 2011, 11:08:34 PM
I actually just found out about Bitcoins last night on reddit, and after reading about it obsessively for a few hours, decided I wanted to get involved.  I really like the ideology, and really hope things go well (excited/curious/afraid of what governmental reaction will be).  Got my first GPU up and mining already too :) (this is my first post)

(excuse my language but) you motherfucking fast motherfucker :) I've still not got round to setting up a GPU miner.


Title: Re: this shit is about to go parabolic
Post by: notpron139 on May 16, 2011, 11:22:11 PM
I actually just found out about Bitcoins last night on reddit, and after reading about it obsessively for a few hours, decided I wanted to get involved.  I really like the ideology, and really hope things go well (excited/curious/afraid of what governmental reaction will be).  Got my first GPU up and mining already too :) (this is my first post)

(excuse my language but) you motherfucking fast motherfucker :) I've still not got round to setting up a GPU miner.

Haha, it was easier than I was expected, I joined a pool. 

It is known fact that bitcoin economy, difficulty and exchange rate to fiat is growing exponentially for almost a year now. The only question here is how long will it last. If The Internet itself, Facebook etc.. is a guide than it can go on like this for quite some time.
I feel like it's definitely going to go up and up at least for a short while-- but there's always the possiblity of a crash, one that the bitcoin might not survive.  I'm pretty confident that even if the bitcoin currency itself goes under, eventually a stronger version of the same idea would take it's place and succeed.  It's just got too much going for it to ever just fade away.


Title: Re: this shit is about to go parabolic
Post by: AtlasONo on May 16, 2011, 11:30:44 PM
Hey you should make a promo post in /r/ technology.


Title: Re: this shit is about to go parabolic
Post by: rezin777 on May 16, 2011, 11:31:39 PM
I feel like it's definitely going to go up and up at least for a short while-- but there's always the possiblity of a crash, one that the bitcoin might not survive.  I'm pretty confident that even if the bitcoin currency itself goes under, eventually a stronger version of the same idea would take it's place and succeed.  It's just got too much going for it to ever just fade away.

The only thing I see that can destroy the value of Bitcoin is something that undermines the security of the actual Bitcoin network, which is why I mine. It's properties make it too damn useful for too many people otherwise.

It can survive a speculative crash. I don't think it can survive a technical flaw.


Title: Re: this shit is about to go parabolic
Post by: nereer on May 16, 2011, 11:43:36 PM
Hey you should make a promo post in /r/ technology.

done (http://www.reddit.com/r/technology/comments/hcxzx/rbitcoin_has_shot_past_1000_readers_do_you_want/). let's go people! keep it moving


Title: Re: this shit is about to go parabolic
Post by: anisoptera on May 16, 2011, 11:49:39 PM
It can survive a speculative crash. I don't think it can survive a technical flaw.

It could survive a technical flaw, but we need to plan now. (http://bitcointalk.org/index.php?topic=6753.msg123847#msg123847)


Title: Re: this shit is about to go parabolic
Post by: gigitrix on May 16, 2011, 11:55:02 PM
Redditors, in mah Bitcoin? My two addictions combined!


Title: Re: this shit is about to go parabolic
Post by: Anonymous on May 17, 2011, 12:19:23 AM
Heh, I am glad somebody is taking care of the subreddit I created. It seems I don't even have to lift a finger.

Much obliged.


Title: Re: this shit is about to go parabolic
Post by: Ryland R. Taylor-Almanza on May 17, 2011, 01:14:22 AM
Heh, I am glad somebody is taking care of the subreddit I created. It seems I don't even have to lift a finger.

Much obliged.
Nice atlas! Also, at the time of this post, you have 666 posts. Just thought I'd point that out.


Title: Re: this shit is about to go parabolic
Post by: Anth0n on May 17, 2011, 01:34:06 AM
Check this out too: http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline (http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline)

Almost 14,000 downloads for 5/16. That's SEVEN TIMES the number of the previous day! What's with the sudden interest?


Title: Re: this shit is about to go parabolic
Post by: kiba on May 17, 2011, 01:36:53 AM
http://sourceforge.net/projects/bitcoin/files/stats/timeline?dates=2009-01-11+to+2011-05-17


Title: Re: this shit is about to go parabolic
Post by: nextnonce on May 17, 2011, 03:13:19 AM
Check this out too: http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline (http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline)

Almost 14,000 downloads for 5/16. That's SEVEN TIMES the number of the previous day! What's with the sudden interest?

Maybe this?

"Every single person in this subreddit should have this program installed. Do it Now. (http://www.reddit.com/r/Libertarian/comments/hcpzk/every_single_person_in_this_subreddit_should_have/)"


Title: Re: this shit is about to go parabolic
Post by: locien on May 17, 2011, 04:47:59 AM
Check this out too: http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline (http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline)

Almost 14,000 downloads for 5/16. That's SEVEN TIMES the number of the previous day! What's with the sudden interest?

Maybe this?

"Every single person in this subreddit should have this program installed. Do it Now. (http://www.reddit.com/r/Libertarian/comments/hcpzk/every_single_person_in_this_subreddit_should_have/)"

I'm one of those  ;D

Like above, I found out about bit coin last night, did a couple hours of almost obsessive reading, and like what I see. I think this has very interesting potential. 'Course I can't really generate much on my dinky laptop, but every bit counts, I guess


Title: Re: this shit is about to go parabolic
Post by: Terpie on May 17, 2011, 04:49:24 AM
Check this out too: http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline (http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline)

Almost 14,000 downloads for 5/16. That's SEVEN TIMES the number of the previous day! What's with the sudden interest?

Maybe this?

"Every single person in this subreddit should have this program installed. Do it Now. (http://www.reddit.com/r/Libertarian/comments/hcpzk/every_single_person_in_this_subreddit_should_have/)"

I'm one of those  ;D

Like above, I found out about bit coin last night, did a couple hours of almost obsessive reading, and like what I see. I think this has very interesting potential. 'Course I can't really generate much on my dinky laptop, but every bit counts, I guess

Buy some through MtGox and spend them on things you might have bought with dollars, anyways. That's the biggest contribution you can make.


Title: Re: this shit is about to go parabolic
Post by: bpd on May 17, 2011, 05:27:39 AM
Based on some of the threads at Reddit, might it not be time to take the CPU-based "generate coins" option out of the standard clients completely?  New users trying to get coins this way seem to end up frustrated and may give up on bitcoin entirely.  We also need better ways in general for new users to get started buying coins.


Title: Re: this shit is about to go parabolic
Post by: Nesetalis on May 17, 2011, 05:30:20 AM
there has already been a thread on this, and most people agree it needs to be taken out of the GUI..


Title: Re: this shit is about to go parabolic
Post by: gkolt on May 17, 2011, 05:36:03 AM
I'm doing 1.7Gh/s with CPU mining, so no, do not wipe CPU =)


Title: Re: this shit is about to go parabolic
Post by: Nesetalis on May 17, 2011, 05:49:57 AM
no one is talking about wiping CPU mining... they are talking about removing the 'generate' option from the GUI of bitcoin.exe.. but it would still be there as a commandline option.

But if you are generating 1.7Ghash through bitcoin.exe... holy shitshingle XD you could increase that to 5Ghash easily by using another CPU miner.


Title: Re: this shit is about to go parabolic
Post by: FooDSt4mP on May 17, 2011, 05:51:02 AM
I'm doing 1.7Gh/s with CPU mining, so no, do not wipe CPU =)

There is separate mining software... it can and should be removed from the wallet software.  Also, I don't believe you unless you have a cluster.  Even my phenom II can only pull out 12 MH/s.


Title: Re: this shit is about to go parabolic
Post by: Nesetalis on May 17, 2011, 05:56:07 AM
yeah, my overclocked Phenom II X4 can only get about 13Mhash/s on all four cores.


Title: Re: this shit is about to go parabolic
Post by: tiberiandusk on May 17, 2011, 06:05:21 AM
I'm doing 1.7Gh/s with CPU mining, so no, do not wipe CPU =)

There is separate mining software... it can and should be removed from the wallet software.  Also, I don't believe you unless you have a cluster.  Even my phenom II can only pull out 12 MH/s.

Which company is paying your electricity costs? Or school? Sounds like a sysadmin decided to try running bitcoin until his bosses notice.


Title: Re: this shit is about to go parabolic
Post by: technotarian on May 17, 2011, 06:24:37 AM

Welcome to the golden shores.

Information technology will set us free, monetary information technology is the way of the future.


Title: Re: this shit is about to go parabolic
Post by: somestranger on May 17, 2011, 06:35:19 AM
Check this out too: http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline (http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline)

Almost 14,000 downloads for 5/16. That's SEVEN TIMES the number of the previous day! What's with the sudden interest?

http://www.reddit.com/r/technology/comments/hc63x/bitcoin_p2p_currency_the_most_dangerous_project/ (http://www.reddit.com/r/technology/comments/hc63x/bitcoin_p2p_currency_the_most_dangerous_project/) - This hit front page yesterday on Reddit, which explains the great number of downloads as well as the huge traffic to r/bitcoin.


Title: Re: this shit is about to go parabolic
Post by: Demandrel on May 17, 2011, 06:54:31 AM
I'll give you an alternative answer as to what happened:  4chan.

Bitcoins got mentioned on 4chan, specifically on /b/, and on some threads with a lot of viewers. 


Title: Re: this shit is about to go parabolic
Post by: Anonymous on May 17, 2011, 07:34:30 AM
I'll give you an alternative answer as to what happened:  4chan.

Bitcoins got mentioned on 4chan, specifically on /b/, and on some threads with a lot of viewers. 

/b/itcoin     :)


Title: Re: this shit is about to go parabolic
Post by: Grinder on May 17, 2011, 07:47:35 AM
http://www.reddit.com/r/technology/comments/hc63x/bitcoin_p2p_currency_the_most_dangerous_project/ (http://www.reddit.com/r/technology/comments/hc63x/bitcoin_p2p_currency_the_most_dangerous_project/) - This hit front page yesterday on Reddit, which explains the great number of downloads as well as the huge traffic to r/bitcoin.
It was also on Slashdot.


Title: Re: this shit is about to go parabolic
Post by: mario on May 17, 2011, 07:49:29 AM
Hi, after reading that reddit post I started mining yesterday with my HD5850 OCed to 850/300 mhz @ 314Mhash/s and received my first 0.56 Bitcoins this morning (BTCmine).   8)


Title: Re: this shit is about to go parabolic
Post by: Jere.Jones on May 17, 2011, 07:49:50 AM
Bitcoin was also talked about on Buzz Out Loud yesterday.

Jere


Title: Re: this shit is about to go parabolic
Post by: PcChip on May 17, 2011, 08:01:08 AM
I guess we're all a lot alike, I too just read about BitCoin on Reddit this morning at 11:30 AM, spent 2 hours reading about it (and watched that youtube video by that startups show guy), and then spent my entire day off trying to make some coin  ;)

I started at 7500 khash/s with the 4way CPU miner, and now it's turned into an obsession! It's now after 2:00 AM and I have:

 15400 khash/s (bitcoin-miner.exe produces double the output of rpcminer-4way.exe) on my Core-i5 Nehalem
 24000 khash/s on my living room's 8800GT
113500 khash/s on my main computer's GTX570
176500 khash/s on my girlfriend's/son's computer's HD5850
(all in a mining pool of course)

I'm going to bed now, but I still have a Wolfdale e8400 and a single-core Conroe Celeron that aren't digging for coins yet, I have to figure out if it's worth the power cost [highly doubtful]

I'd love any suggestions on my modest little setup, and I think it will be very interesting to watch what happens in the very near future now that it just had a sudden surge of exposure/popularity

Happy mining!



Title: Re: this shit is about to go parabolic
Post by: somestranger on May 17, 2011, 08:05:31 AM
It was also on Slashdot.

I saw that. I think reddit is the cause of the spike though, seeing as it gets orders of magnitude more traffic than Slashdot.


Title: Re: this shit is about to go parabolic
Post by: locien on May 17, 2011, 08:20:42 AM
It was also on Slashdot.

I saw that. I think reddit is the cause of the spike though, seeing as it gets orders of magnitude more traffic than Slashdot.

That's where I saw it. SO we allegedly have Reddit, /b/, slashdot, and others. If the point to bit coin is growth, how come this hasn't happened earlier? The bored neckbearded internet children are just what we need!!


Title: Re: this shit is about to go parabolic
Post by: jav on May 17, 2011, 08:33:22 AM
http://www.reddit.com/r/technology/comments/hc63x/bitcoin_p2p_currency_the_most_dangerous_project/ (http://www.reddit.com/r/technology/comments/hc63x/bitcoin_p2p_currency_the_most_dangerous_project/) - This hit front page yesterday on Reddit, which explains the great number of downloads as well as the huge traffic to r/bitcoin.

That can definitely account for a lot of traffic, but unless I'm mistaken, it didn't hit the frontpage of Reddit. As far as I know, r/technology is not part of the standard Reddit frontpage. So you won't see it, unless you subscribe to that subreddit specifically.  I'm not 100% sure about this, but it seems to be confirmed by http://redditsnapshot.sweyla.com/ which archives snapshots of the Reddit frontpage and a search for Bitcoin reveals nothing.


Title: Re: this shit is about to go parabolic
Post by: gigabytecoin on May 17, 2011, 09:23:40 AM
Check this out too: http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline (http://sourceforge.net/projects/bitcoin/files/Bitcoin/stats/timeline)

Almost 14,000 downloads for 5/16. That's SEVEN TIMES the number of the previous day! What's with the sudden interest?

Maybe this?

"Every single person in this subreddit should have this program installed. Do it Now. (http://www.reddit.com/r/Libertarian/comments/hcpzk/every_single_person_in_this_subreddit_should_have/)"

I'm one of those  ;D

Like above, I found out about bit coin last night, did a couple hours of almost obsessive reading, and like what I see. I think this has very interesting potential. 'Course I can't really generate much on my dinky laptop, but every bit counts, I guess

Buy some through MtGox and spend them on things you might have bought with dollars, anyways. That's the biggest contribution you can make.

Agreed.


Title: Re: this shit is about to go parabolic
Post by: sjk on May 17, 2011, 01:02:17 PM
Who would have thought that Jason Calacanis's sensational, over the top form of journalism would be one of the best forms of exposure this project has ever seen


Title: Re: this shit is about to go parabolic
Post by: nereer on May 17, 2011, 01:29:49 PM
Who would have thought that Jason Calacanis's sensational, over the top form of journalism would be one of the best forms of exposure this project has ever seen

that's how the internet works, no matter how many well-argued scholarly articles appear it'll always be the linkbait with titles like 'ARE YOU READY FOR THE BITCOIN ARMAGGEDON?' (https://www.bitcoin.org/smf/index.php?action=post;quote=125239;topic=8542.20;num_replies=38;sesc=a1541586d9c8450b84935585731d1312) that will get all the traffic.

you clicked on that link right? see :)


Title: Re: this shit is about to go parabolic
Post by: clouds on May 17, 2011, 01:46:30 PM
So I decided to have a look at the stats and they are quite impressive.

Is there any way for normal users to see these stats (uniques/hour and uniques/day), or do only Reddit moderators have access?


Title: Re: this shit is about to go parabolic
Post by: mario on May 17, 2011, 04:40:06 PM
Update if anyone is interested,- after 24h I mined 1.12 bitcoins (btcmine) @314Mhash/s. I still have no firm opinion if it is worth it.