I see Dave used BTCguild as an example in the guide...it says on the pool's site they take 7+% ...unless I'm misunderstanding, that's a huge fee....right?
That is for PPS (which they don't really want you to use, hence the high fee). For PPLNS the fee is 3%. |
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Cryptsy has been having issues for a day or so with deposits being delayed and trading freezing.
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I've got a pretty low hashrate, so I'm probably not the best person to ask, as my variance will be higher than most, and my hashrate reported less accurately, but it looks to be in the ballpark for me, perhaps a little high.
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Good to hear it is all working now.
Sometimes you just get a blind spot from staring at something, but it is obvious to fresh eyes what is wrong.
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Yup, going to say the same thing. Worker name should start with your coinpool username, as in my example. If you go to My Account->My Workers, it will tell you what workers you have defined. Edit: Ah, I think you took this bit of the getting started instructions a little too literally: URL: http://src.coinmine.plStratum PORT: 6020 Username: worker_name Password: password You have to define a worker in the My Workers section, and the worker password isn't related to you logon password for the pool website. |
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Why don't you post the full commandline you are using, and the output you are getting, and maybe someone can spot something off?
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Cryptsy seems to be working again now.
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So what do you suggest they use instead? PayPal? Debit Cards? Credit Cards?
Yes, because those can all be used to actually buy things. |
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Miner from this post: https://bitcointalk.org/index.php?topic=270852.msg3029815#msg3029815That's pretty much it, there is no more config, just create your account and worker on the pool, and run minerd. I use the minerd64_sse4 version, you need to match it to the instruction set your chip supports. I use -q -R 5 -t 6 to: - Remove the periodic hashrate messages - Retry failed network connections every 5 seconds - Only run 6 threads rather than one for each core. |
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Imagine all those middle class or wealthy Syrians looking to relocate some of their wealth to avoid death and property destruction.
And how exactly are they going to be buying Bitcoins (quickly) to transfer out? |
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In dire times of war national currencies are no longer accepted by trading partners due to default risk, huge inflation and so on. This is what happened in WW2 and also in recent times. What are the 'recent times' when the USD stopped being accepted by trading partners? I wasn't talking about USD. You said "Gold becomes the only valid currency", implying surely that all national currencies were no longer accepted? If not, then the USD would continue to be the standard reserve currency, and other countries would use that when trading. |
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The instructions on the site worked fine for me:
- Create account, log in.
- Create worker, set password.
- minerd -a quark -o stratum+tcp://src.coinmine.pl:6020 -u worker_name.1 -p password
On Win7x64
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In dire times of war national currencies are no longer accepted by trading partners due to default risk, huge inflation and so on. This is what happened in WW2 and also in recent times. What are the 'recent times' when the USD stopped being accepted by trading partners? |
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Currently, anyone can use Paypal or Moneygram to convert their USD into BTC. But will these services take steps to prevent the purchase of Bitcoin? You cannot (according to their terms of use) use PayPal to sell BTC. If you do, and PayPal notices, they will reverse the transaction, and you will have neither BTC nor USD. |
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only been here with one rig for a day but this technique is working very well so far. set the autopayouts to cryptsy addresses and set cryptsy to autosell desposits. makes this pool quite good. On illiquid coins where there is a big spread between bit and ask prices, you are losing some profitability by always selling at the lowest price. On the other hand, it is all automated, so saves you time. As an example, in the SREC/BTC market: 2013-09-02 14:18:06 Sell 0.00087000 5.47583000 0.00476397
2013-09-02 14:11:30 Sell 0.00087000 10.00000000 0.00870000
2013-09-02 14:08:17 Buy 0.00099598 15.88449000 0.01582063
2013-09-02 14:08:15 Buy 0.00099421 1.13551000 0.00112894
2013-09-02 14:08:14 Buy 0.00099421 20.00000000 0.01988420
2013-09-02 14:01:40 Sell 0.00087000 3.35533000 0.00291914
2013-09-02 13:51:08 Sell 0.00087000 1.00352000 0.00087306 People were prepared to pay almost 1mbtc, but the automated sales were getting only 0.87mbtc. |
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Investment on bitcoin is safe but you may not get quick money from this investment. If you invest on new currencies you may get more profit but you have to take risk.
That is a pretty flexible definition of safe ) Saf er that other crypto-currencies is probably a better way of putting it. |
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Don't know if this a problem, or just a normal blip, but I found a DCG block that never showed up on the block listing:
[2013-09-02 20:37:08] Found block for pool 0!
[2013-09-02 20:37:08] Accepted 6f2fa1a5 Diff 151K/64 BLOCK! GPU 0 pool 0
(Times are GMT+1)
Same username as here.
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This is a flaw of design of POS, not a flaw in this coin.
Hmm. Surely it is a flaw in this coin, caused by its method of using PoS and PoW together? If it has happened before for other coins, and not been corrected, that seems like a flaw. [Update: 23 of the last 30 blocks found on multipool have been orphaned] |
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The coin is NOT majorly broken but is still "getting back on track" and to say there are no valid blocks being mined and that all hash power is completely being wasted is absurd! Yes there are a high rate of orphans but that is due to the pos backlog and blocks are being found at 2-4 a minute and not the usual 1 a min...what was 75% orphan or waste is not the case now The figures I posted from multipool show that yes, there is still more than a 75% orphan rate. They recently hit 18 orphaned blocks in a row. |
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