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101  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PRT] Particle | CPU/GPU, Fast, Easy Mine, * NO PREMINE * | Official Thread on: January 04, 2014, 03:31:45 AM
love this coin!

Pa5S9bzmxtNWt86Ee7UfRAanL2Q8Kzkqmn
102  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PRT] Particle | CPU/GPU, Fast, Easy Mine, * NO PREMINE * | Official Thread on: January 02, 2014, 10:28:47 AM
accepting donations:) Am finally putting my cores to use:)


Pa5S9bzmxtNWt86Ee7UfRAanL2Q8Kzkqmn
103  Bitcoin / Mining / Re: Venting design on: December 22, 2013, 07:00:28 PM
bump
104  Bitcoin / Mining / Venting design on: December 22, 2013, 03:28:35 AM
Hey guys,

I have been pondering the idea of venting my rig from outdoors. Its in the low 30's constantly and use my rig's heat to keep my apartment warm.

I have been thinking about building a closed system that draws air in from the outdoors, into a case that the miner is in, then vent into my apartment for fresh air(regardless of how cool/hot it is).

Regardless of figuring out how the fuck your going to get air into your apartment, but yet keeping the unit safe from thieves and the weather like rain and snow.....

How is the cold temperature going to effect the hardware itself? In the wee hours of the morning i would assume with the high moisture in the air(i live in Seattle) that dew will condensate either on the heatsink or on the boards themselves? If dew is a potential threat, anyone have any ideas on how i can combat it besides running a dehumidifier/ac?

I basically have a few concepts of how i will rig this up in my apartment, but before i do i need to make sure that the system itself wont generate dew(Heat + moist air + electronics = nothing good). I can't risk losing my investment or potentially creating a fire in my build. I do not have enough spare cash to deal with a situation like such either.

Anyways any ideas on this would be great!
105  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MOL] Molecule - CPU Minable currency - Mine, Trade, Use - UPDATE:v0.8.10.2 on: December 15, 2013, 03:49:46 PM
what is the benefit of this coin?

Any better uses over it compared to something more main stream?

Mining solo i do not have any issues. The pool also appears to be down.
106  Bitcoin / Mining / Re: Solar powered rigs on: December 13, 2013, 03:11:44 PM
Have you considered the cost of buying the equipment required to generate the solar electricity. Just like mining equipment must be paid back by bitcoin mining profits, the cost of solar equipment is going to need to be paid back by the cost of kw/h saved by using solar as an alternative. It may take a very long time for your investment to come close to breaking even, cost wise.

I still believe that if you are in the correct location,  cost does not matter to much.

I personally am in mining for the long haul and have no expectations on stopping. I want to see the currency grow to mass market....imagine where we will be with the currencies in  20 years. Imagine how effecient hardware will be in this time.

If you are in a place like the usa, all spare energy that you generate can flow back into the power grid which will help pay back the system. In all honesty,  what does it matter if it takes 20 years to pay it back if your generating enough to power your full facility with room to expand. Hydro/wind/solar equipment last a verrryy long time. There is more use to these units even if the currencies vanish(free power for a home/few homes?)
107  Bitcoin / Mining / Re: Solar powered rigs on: December 12, 2013, 06:33:29 AM
I would like to see a solar/wind/hydro system online. All those are completely feasible depending on your location.

I was raised in the Fiji Islands where my house was powered via all three things. We had enough electricity to last us forever. We powered everything from PC's to TV's/Fridges.

The thing about all three sources is that your system needs to rely on water(continuious generation) primarily and use solar/wind as a backup to the system/booster. If you had enough hydro generation you could easily plan to run equipment forever.
108  Economy / Economics / Re: Coin question on: December 09, 2013, 03:49:04 PM
There is no concept of "lost coins" per se, there are only coins not spent recently. You can't tell ultimately if someone is saving for their retirement or cannot spend the money.

In a macroeconomic scale, if money is removed from the economy, then that means the remaining currency must hold the value needed. For now, with Bitcoin, about $2M worth of Bitcoin is being printed every day, and I doubt it's being lost at that rate.

https://en.bitcoin.it/wiki/Myths#Lost_coins_can.27t_be_replaced_and_this_is_bad

Perfectly explains it.....So people loosing coins increase value of all other coins.....that...is genius and amazing at the same time but yet scary for ones who store their wallets in USB's offline as its able to be lost quite easily.
109  Alternate cryptocurrencies / Altcoin Discussion / Re: LTCRabbit troubles on: December 08, 2013, 09:25:39 PM
Giving a bump to see if anyone has any ideas.

Daemon tools says its corrupt, vmware doesnt see it as a bootable iso.

Rufus v1.4 doesn't show valid iso. Tried the rrecommended software and I can send to usb but it is not bootable.
110  Alternate cryptocurrencies / Altcoin Discussion / LTCRabbit troubles on: December 08, 2013, 09:26:00 AM
Hey,

Wanted to try out this pool and OS. It seems everytime i try to download the OS from their site, it completes no problem, however it is not seen by any ISO software and i cna not open it as it acts like its corrupt.

Anyone have any input? I'd like to give this beast a try!
111  Economy / Economics / [ANSWERED]Coin question on: December 08, 2013, 08:23:11 AM
Hey all.

So had a quick question how the currency differentiates lost coins vrs coins stored on a wallet offline.


Say someone had 20 mill coins in a wallet and another person has 1 mill coins in their wallet. The fellow with 1 million coins deletes his wallet; does that mean the currency now will only have 20 mill coins left? Or does it start to generate another 1 mill coins to put back into circulation?

If it generates the 1 mill coins, how does it handle offline wallets? Say i stored 1 mill in my wallet for 10 years on a usb drive...how does it differentiate between the two?
112  Other / Beginners & Help / Re: Will this mining setup be profitable? on: December 04, 2013, 04:08:31 AM
how has this board worked out for you?
113  Alternate cryptocurrencies / Altcoin Discussion / Re: fall of coins with asics? on: December 01, 2013, 12:30:28 AM
They have zero information about their ASIC. Either they are a scam, or they will have Butterfly labs delivery dates.

Regardless if they are delayed by months or a year. The inevitable will come and again we will follow suit.
114  Alternate cryptocurrencies / Altcoin Discussion / Re: fall of coins with asics? on: November 29, 2013, 10:46:47 PM
The more popular bitcoin is the more participants there are the more decentralized it is.  Mining now is way more distributed then before.  Also how are small time miners being kicked out.  You can buy a USB miner for pocket change.  You are wanting large easy mining profits but those don't exist in the real world and they shouldn't exist in the bitcoin world.

Usb miners are not cheap. 60$ a unit for something that takes close to a year to pay off if not more!

Btc has increased in popularity,  and has more users than before....I would say you are incorrect sir. Yes we have more people using it...but look at the $...everyone in the usa uses it...does that make it decentralized?  No. People are buying into btc by buying them, NOT mining them.

The small time miners can not continue to mine btc due to the fact that it COSTS them money. There is absolutely no reasom for someone to jump into btc mining even with  5Gh/s. The cost of hardware for a small timer isnt a problem as you can get a jalapeņo for $270. But really 5gh/s come middle of next year will not be worth it whem we see single units pushing multiple th/s and soon ph/s.

Ltc is going towards the btc route, however btc is NOT decentralized. We have companies launching factories with multiple ph/s and being backed by tens of millions of dollars. BTC is becoming more centralized than it was expected.  Ltc will follow this route
115  Alternate cryptocurrencies / Altcoin Discussion / Re: fall of coins with asics? on: November 29, 2013, 09:40:26 PM
I think your right.  Bitcoin has plummeted in value, interest, media attention, and adoption since the first ASIC was released. 

The way I worded it was kind of wrong (on a phone so my posts arent as detailed as I wanted.

The value of btc has increased...yes.  but it also kicked out the gpu miners and created a centralized currency. Yes one location is not incontrol, however the point of btc was for the purpose of bringing people together, not massive warehouses.

The asics are not helping as its kicking the small timers out of the system.
116  Alternate cryptocurrencies / Altcoin Discussion / Re: fall of coins with asics? on: November 29, 2013, 08:32:25 PM
So where are the gpu miners expected to move to?

And yes we saw bitcoins increase as it brought new people in, but litecoins were originally sold as cpu only coins, then gpus came in and people were told asics wont function with ltc....which is what made ltc/btc different.

Now you just have a clone of bitcoins that just mines differently....why would you choose ltc over btc? Btc can have more value due to the lesser amount in circulation making it more rare.

So again, why would one pick ltc over btc?
117  Alternate cryptocurrencies / Altcoin Discussion / fall of coins with asics? on: November 29, 2013, 08:05:27 PM
With the announcement of alpha technologies launching an asic miner for litecoins, will we see the fall of cryptocurrency?

The point of having miners is to create a decentralized system however asic miners moving into litecoins will shutdown the gpu miners as we saw with bitcoins.

That being said, where will the gpu miners move to? And at this point, ltc is now no different than btc which means....could we see the fall of cryptocurrency?
118  Bitcoin / Mining software (miners) / BFGMiner Manage Device questions on: October 28, 2013, 03:40:43 PM
Hey all,

Running BFGMiner with my BFL Jalapeno. Out of the gate its running perfectly, however i have a question regarding the Manage Device options. I am noticing a few settings that i can't figure out what they are for.

I see "[ I]dentify", as well as [Slash] Find Processor....what the hell do these two do? I know with GPU's you have Intensity, where you can increase/decrease, however i cna't figure out these two things.

Any help would be great!
119  Economy / Service Discussion / ASICMiner startup question on: October 20, 2013, 09:00:14 PM
Hey Guys,

How did ASICMiner start up? I know they sold "shares" on a site which then shut down forcing the owner to no longer sell the shares.

But my question is how does the company function being a "public" company? Does anyone have any details on the original contracts and such?

120  Bitcoin / Mining speculation / Re: BFL listed as shipping?! on: May 10, 2013, 01:19:51 PM
Im sorry but your retarded to say "now shipping" implies you'll get the product next week. That does not imply that what so ever.

 It implies they are shipping their units to customers, and if they have a backlog then they have a backlog but does not mean they aren't shipping. Just because a company has a backlog and are infact shipping to people and are saying "now shipping" is not false information
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