Thankfully, we seem to be on track  Hi Korbman, I have been doing some thinking around this lately. I have come to a couple conclusions. Price Drives DifficultyThe price of bitcoin is going to be the ultimate determining factor in how large the network becomes. This relationship only works one way through, difficulty does NOT effect the price. If we see a stable or steadily increasing price (no bubbles), I can easily see the network being 700-800Th in 12 months. I put the likelihood of this happening at around 30%. The other factor involved here is that manufactures can deliver and keep up with demand in this scenario. If we see an unstable price, many less dedicated miners are going to be unwilling to ride the roller coaster and keep investing in equipment. In this scenario I would think that your network targets 12 months out would be pretty good or just a tad low. I put the likelihood of this happening at around 60%. So where is the other 10%? I would put a big boom bust cycle here and the price crashing back to last years low of $1.94. In either case, we'd see a lot of miners leaving mining because of inefficient equipment (this includes ASICs) which would lead to unprofitable mining operations. I do know one thing for sure, I'll be mining no matter what happens.  Best, gigavps |
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Hope we get an update soon. I have a feeling SD is down even more.  |
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Mmmm maybe if I was both an Obama supporter AND a bitcoin supporter, I'd go for this. I think most people would see Obama support in that, even though you're just borrowing the design.
Ahhh. We were going for more of a spoof than trying to also support Obama. Good point though. |
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Hello Fellow Bitcoiners: I'll let the image below speak for itself. I would like to get some feedback on if you think the idea is good or not and if you would purchase a tee-shirt with this on it.  The "sample" portion of the image would obviously be removed. Best, gigavps |
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does it take a while for the payout to happen - I changed it to .1 (less then 30 minutes ago) but I still have 1.8 btc sitting for payout
Payouts happen at the top of the hour or when a block is found. I think..... |
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I checked and now it is fixed
Yes, just before WKNiGHT made his first block on minter (congrats!), all the payments finally went out. It was a bug in namecoind that first caused payments to fail last night. I fixed this by restarting namecoind which had locked up. But this had in turn triggered a bug in my own code and some payments would not go out until I could locate and fix this issue. My apologies for the late payments today. Everything should be in order again now. DrHaribo, I'm not sure if you use monit or not, but it might be a good idea. It can watch processes and take specific actions if they lock up or start using too much memory. http://mmonit.com/monit/Best, gigavps |
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Was working on the Bitcoin100 and noticed that I get nothing but this: This webpage is not available
Google Chrome's connection attempt to bit-pay.com was rejected. The website may be down, or your network may not be properly configured.
Here are some suggestions:
blah, blah, blah... My concern is not with Tony going anywhere, but when the viable service not being assessable. ~Bruno K~ no dash It might be a good idea to ask Steve to put the redirect from http://bit-pay.com to http://bitpay.com |
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Let me make this clearer. There is no fucking proof he even spoke to a lawyer.
And what lawyer would suggest that the people who are supposedly paying him are to be told nothing and treated like mushrooms ?
So GLBSE shareholders have not received any invoices to retain the lawyer? How is GLBSE paying for a lawyer and you don't have invoices? |
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To all Gigaminers:
I still have not heard anything from GLBSE. I continue to work with counsel to understand all of the options to continue Gigamining.
When I know more, you'll know more.
Best,
gigavps
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something mildly retarded.....
So I've brought facts to this thread and you want to call me names..... Seems like you're handling yourself and your comments with dignity and respect. |
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Also I'm not sure if Tom was trying to say Bfl was lying.
Let's take a look at exactly what Tom said. But guess what? EITHER DO MY COMPETITORS!
Sure I can post a "simulated" or "estimated" power usage number - but its not going to be accurate. You really think BFL is going to give 1Gh/s per watt? keep dreaming.
I have bolded the part where Tom claims that BFL will not meet their power estimates. Tom has also claimed to have a working prototype working so I would assume that their power estimates should be pretty concrete. But what do I know, I'm just a miner. EDIT:Here is the original quote of Tom saying he has a prototype. I don't want anyone thinking I'm making this stuff up. The truth is it just takes time to have these kind of chips made, and then you still have to have the boards assembled. its a lengthy process. I am just happy we finally have a prototype that works that we can move forward with this is something that has been in the works for awhile.
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gigavps, do you have shareholders records with their e-mail, BTC address, login and amount of shares?
I have not received this information. When I do, I will post about it in this thread. |
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I received a confirmation email, but no BTC transferred. Have they gotten to you yet gigavps?
I received my coins back from GLBSE. I am starting to feel bad about this though hearing that so many others have not received their coins back. |
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If I were to test a large batch of ASICs with that magnitude of hashrate, I would solo mine with a few different addresses so in lists like that it would just be attributed to "Unknown" and the addresses would be different.
Blockorigin usually reports about 12% of blocks found are unknown. This has been pretty consistent for months. |
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sorry to drop some reality on the tinfoiledness
EMC's hashrate went close to 2thash when Ozcoin introduced fees and dropped from 2Thash to 800Ghash
all ASIC manufacturers have now said they will not test on mainnet...well covered in other threads
Another helpful tool when evaluating what is going on with the network is blockorigin. They use a detailed list of over 25 pools and crawl their respective sites to figure out what pools are finding what blocks. Big swings in the hashrate can usually be attributed to luck of the entire network rather than ASICs or Botnets. |
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Hi all,
I understand the API control is important to you. I think we can commit to having this sort of control in a v1 release, although maybe not in the beta. We have generally planned on having a bit more intelligence baked in to the custom client, and less in Con's core, but what you want matters, for sure.
One thing to note, though, is that this is all bitcoin stuff, there's also the computational market side of control, like how we (and you) will decide to switch over to work that pays differently than bitcoin. I'm more focused on getting this side of it right than fan control right now, because I think the final margins will be bigger.
We're about to get started with a university program that's going to be tapping the GPUs for some large-scale distributed work, so I'd guess in the next eight weeks or so, some of these non-Bitcoin work questions are going to get real. We're shooting to have the alpha/beta client out and to you all for testing before that happens, so that we can make sure mining is working properly first.
Anyway, just to say "I hear you!" and we'll keep you posted on the exact specs. There's no reason internally to not give you sophisticated users the ability to tweak out your setups.
Hi vess, If you have not already, I would recommend you retain a mining "expert" to help make sure your client is as good as it can be. I would without hesitation recommend both sunbreak, imsaguy and jjiimm_64 as they are very skilled at running large GPU mining clusters. Best, gigavps |
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@CoinLab: Thanks (again) for the clarification. Then I have just a feature request: Please include an API in your custom client. I'm doing everything via APIs (controlling miners, controlling pools...) so it would be great if I could do the same thing with your custom client I think I'm not the only one doing this. custom client is based on cgminer... has an api Hi Coinlab, Can you please confirm this? Thanks, gigavps |
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