what fall in hashrate? All I see is the usual spike after a difficulty increase.
edit: yes, bitcoin monitor is definitely not working properly.
^This Current network hashing power is about 5.1THash/sec right now. A couple days ago it was about 4.7THash, before than 4.3 before than about 4.1. There was a big ass drop in hashing power after the 75% difficulty increase to 434k, but a bunch of huge price increases afterwards has remedied that. Since then it has been nothing but steady growth. |
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Somewhat offtopic: Why do people keep quoting my own math back to me in responses to me? If I said he makes a million a year, you don't need to prove to me that he makes a million a year.
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Going back to the OPs 1st reply...
One thing I never considered about bitcoin. How am I supposed to pay a hooker with bitcoins?
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Just to make sure though eleuthria, my estimated rewards are currently 1/3rd what they should be, when the block is solved everything will be calculated correctly despite the balancing yes?
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I've been mining on BTCGuild for some time. Has almost all the features of deepbit and a responsive operator. Just put up a buncha servers to load balance around the world too so should be nice and stable now. It won't really mean anything, but I like the server anyway so it works for me.
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No more idles for me anymore, woo. I mean, it didn't really matter since my hashrate wasn't affected, but I guess it "looks" better. Now when I tell people to get on BTCGuild to stop raping bitcoin with deepbit 50% control I won't have to worry about them complaining abot idle workers and whatever. Looks like BTCGuild is ready again to handle the larger workload it should be receiving. I'm glad I started donating, use my moniez to get better hardwarez, yayz. Also go buy yourself a nice soda pop with my money to reward yourself too  |
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$3K/day is $1M/year, bcpokey, will you burn that many green papers? flames will be spectacular!
Yes I understand I'm the one who did the math. That's why I said that he is sitting pretty for now. But honestly this is a lot of work for a very volatile system. Not to mention it's a very tenuous situation for him to be in. A system that generates $1,000,000 a year attracts a lot of attention (from both underground and above ground sources), not to mention one that controls 30million dollars flowing through it. He might find himself in a situation where he is being bought out or forced out or just wants to stop dealing with all the headaches that this entails, and wants to cash out quick. Who knows. That's why I said for now if I were him I'd sit on my magical money fountain and only when I got sick of the headache bring it all down around me while profiting to the max. |
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If I were tycho I'd wait. 50% is a terrible time to start forking, perilously close to having authority removed from me. If my pool were still growing as his is, with no reason to see it slowing I'd let my pool grow larger and larger. When I had assumed a large enough safety margin, and people felt all safe and comfortable since I didn't do anything for a long time after 50%, then and only then would I consider any shenanigans.
Though to be fair Tycho is making about $2500 / day right now, so he's sitting pretty. He only has to wait until he gets tired of all this pool operator bitcoin nonsense to start cashing out.
EDIT: Sorry $3,250 / day.
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Guys, are you sure that this card is the best on price/mhash/watt relation? Or are you just buying because they are the last ones?
300Mhash/s for $125 ? Sounds like a good deal to me, and I'm getting them even cheaper than that. I'm not sure about the power consumption though. The last ones. $125 (+shipping I imagine) / 300Mhash (most tend to get 285, but lets say 300) is 2.4 Mhash/$. This is pretty good, slightly better than 2.2 for 5850s (with lower power usage). And once they're gone they're gone (except for the large used market). |
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This is how it will end soon:  I like that, I'm stealing it for the other thread. |
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children, seriously, you are spamming up the forum with your naive blathering. if tycho tries anything fishy with his pool, it will instantly dissolve like a tab of acid on the tongue as the people in his pool flee. tycho is making 3% off of his 50% share of the network. that means hes personally getting 1.5% of all the bitcoins generated right now. you think he would risk that to fake some piddly 50 bitcoin blocks? the people that post these threads are so very profoundly stupid.
Prove it. Let's say hypothetically tycho forks the block chain about 1000 times, and blocks all the other pools from getting any confirmations of blocks. 5000 people who never read the forums or watch the block chain or know anything other than "my stats are goin up at a fantastic rate!" are going to stop mining on deepbit because...? Your post sounds the most profoundly stupid to me. 1) what would tycho gain from forking the block chain 1000 times? hes making more money by not doing that. 2) if these hypothetical people don't read the forums, how did they learn about tycho's pool to begin with? the unsuccessful always try to punish the successful Way to answer the question, by saying "oh it just wouldn't happen." Do you think all bitcoin users learn about bitcoin from these forums? I didn't, I came here only after I had been mining for some time already. Most of the new users are learning about bitcoin from news articles, or their friends, or gaming clan members or whatever. Most have little to no vested interest in the long term of bitcoin as is evidenced by the days of entreaties towards not giving deepbit blockchain authority being unheeded. There are about 20,000 miners roughly, give or take, which means deepbit has roughly 10000 people mining (he can provide better stats than myself this is an estimate of course) for him, I was generously suggesting that even half of them would be reading the forum regularly (the highest amount of users on the forums at any one time was 1900, right now its about 1200). Again, by what evidence do you suggest that most of these people who do not actively participate beyond collecting their virtual booty would be aware of a problem with the blockchain and would therefore "vaporize deepbit"? EDIT: No srs... |
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You know what else has already happened too? Tycho has been hacked. That's why he instituted email locks on accounts, because a hacker got into his system and changed peoples addresses. Hacked once... Please, don't tell about what you don't know. Most (~14) victims of that attack were using same passwords on deepbit and another pool that got hacked, that's how the attacker got them. Also they were using same passwords for mining and main account. Very well, my apologies for creating such an insinuation, at the time it occured you did not know how it happened and I must have missed it had you shared the information later. But it still stands to reason that no one is proof against hacking and it's still a potential risk as was my original point. |
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children, seriously, you are spamming up the forum with your naive blathering. if tycho tries anything fishy with his pool, it will instantly dissolve like a tab of acid on the tongue as the people in his pool flee. tycho is making 3% off of his 50% share of the network. that means hes personally getting 1.5% of all the bitcoins generated right now. you think he would risk that to fake some piddly 50 bitcoin blocks? the people that post these threads are so very profoundly stupid.
Prove it. Let's say hypothetically tycho forks the block chain about 1000 times, and blocks all the other pools from getting any confirmations of blocks. 5000 people who never read the forums or watch the block chain or know anything other than "my stats are goin up at a fantastic rate!" are going to stop mining on deepbit because...? Your post sounds the most profoundly stupid to me. |
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Bitcoin is now paccoin.  |
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All of these threads are reactive. Every single one of them, every time This is the second time deepbit has gone over 50%. Nothing was accomplished after the first time. [Tyco]'s thread about coding a an attack detector barely got any interest. The best idea I've seen so far is an ad campaign to try to get users to go to other pools.
If people think this is really a big problem and [Tyco] is such a huge threat then come up with some realistic ideas about how to solve it.
1) Inform users of the problem and try to get them to distribute themselves. Hint: You're going to have to reach them outside of here since a good number of them will probably never come here. You can't make users leave either. It is their choice where they mine.
2) Put some technical skill into getting a block chain monitor working so that people will know if/when something happens instead of being reactive.
There's a big difference between this time and last time. Last time tycho temporarily got 50% of the hashing power because slush went down. When it went back up, he lost those miners. This time he has a sustained 50% interest. And it looks like it will keep growing. You know what else has already happened too? Tycho has been hacked. That's why he instituted email locks on accounts, because a hacker got into his system and changed peoples addresses. Hacked once... Anyway. We'll see what comes. |
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There are people mining at ~40GH/s for http://www.compute4cash.com/ even though their fees are effectively over 50%! All this just for payouts in USD, which is a trivial thing to do... You mean compute4cash has a total mining power of 40GH/s or that an individual provides 40GH/s to compute4cash? One of the biggest downsides to working for compute 4 cash is that if you make > $600 / yr they have to 1099 you to the government. Income taxes! (and if you're pulling 40GH/s might find that to be a fairly steep amount to boot). |
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You cannot crossfire the cards, but you can mine with them all. Mining does not require (or even lend itself to) crossfire.
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Did any one try the camera2000 one? looks great and cheaper price,I am considering buying one.
Just a note if you are using an x16 graphics card with that extender, you will have to physically saw off the end of the adapter to fit the card in to it. |
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Indeed, uncalled for. I approve of this thread as it is one of few.
There is no real rule for when to go solo, but it seems like it makes sense if you have the Hash to average 1 block < 10 days on average (I'm using 10 days as the close to average time for difficulty increases lately). You may get lucky and find a buncha blocks, you may get unlucky and not find any and be sad, but you should on average find at least 1. And get a big 50 bitcoin surprise!
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I'm curious to see who else is planning on venting their mining rig to the outdoors.
According to the wiki page, that's a max of 375w per card. 1500w just to power the cards.
That's converting 1500w of electricity to heat, 24/7. It's like turning on a blow dryer and just letting it sit there.
Water cooling them will just move the heat from the cards to the radiator. (water pumps also require power and generate heat.)
Well the stock TDP is 375Watts, you will get terrible hashing rates stock though. Overclocked it can do even more wattage. In fact the ATX design limit is 375Watts to the card (75 + 150 + 150) which is closer to 450Watts from the wall per card (max). Just dig a hole in the ground and throw your PC in there. Best cooling solution  |
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