but will it hash?
Probably bitcoin very well, on the other hand, how it looks for litecoin with the 7970's, who knows till they are released. Essentially 2 HD7970s on one PCB with lower stock clocks. 2 would be only a bit behind quad 7970s and use less electricity. Serious heat output though. Yes, but they tend to be higher binned chips. I will pick one of these up for personal use. I have been trying to get the powercolor non reference version of this card but it has been out of stock each time I check. http://www.newegg.com/Product/Product.aspx?Item=N82E16814131483They really need to start adding hashing speeds to the Specs section That would be cool! I do only buy 3 different cards right now though, 7950, 7970 and someday 7990.
|
|
|
You're getting excited about nothing. The "problem" you mention won't occur until a few decades, and you want to "attack" honest monetary competition. Chill out.
Let me explain. We are strong when we united. Altcoins separate us. I propose attacks on altcoins not coz I'm a bad guy. If I were the state I would launch a lot of altcoins and promote them. No. It seems like you know what is best for not only yourself but for others. In this case you are wrong. I will let the free market decide what is best in the coinspace. So far it has been working quite well. Don't think bitcoin security is good enough? Don't use it or help make it better in an honest fashion.
|
|
|
Everyone who thinks that there will be not more than 21,000,000 bitcoins IS WRONG.
1. Fractional Reserve Banking. For example, MtGox, they do FRB. (I'm wrong? They don't do it? C'mon, even small kids know that MtGox loves FRB.) 2. Altcoins. Litecoin, Bytecoin, whatever. (I'm wrong? These are other currencies? C'mon, it's Bitcoin with other names, look at their source code.)
What do these 2 points mean?
Bitcoin is not deflationary => One BTC will never be $1,000,000 => When the block reward becomes too low, miners will switch to other currency, because fees won't cover burnt electricity
So, how are we going to secure the blockchain in the future?
Bitcoin does not need to be $1,000,000 to cover electricity. Right now mining with GPU's most peoples electricity is only 25% of cost. Far less for people with ASIC and FPGA. Enough mining for security would happen with a block reward of 6 right now. As the value of BTC rises this number will drop. SATOSHI GOT IT RIGHT. And now imagine that EVERYONE has an ASIC. How much coins will u get? I'm not sure it will be enough to cover the electricity. Right. When I no longer make profit I shut down or upgrade. Free market. More efficient miners provide the security.
|
|
|
http://www.huffingtonpost.com/2013/04/12/ridiculous-startup-ideas_n_3071538.html?ir=Technology#slide=2330831Similarities? GoogleWe are building the world's 20th search engine at a time when most of the others have been abandoned as commoditized money-losers. We'll strip out all of the ad-supported news and portal features so you won't be distracted from using the free search stuff. AmazonWe'll sell books online, even though users are still scared to use credit cards on the web. Their shipping costs will eat up any money they save. They'll do it for the convenience, even though they have to wait a week for the book FacebookThe world needs yet another Myspace or Friendster, except several years late. We'll only open it up to a few thousand overworked, anti-social Ivy Leaguers. Everyone else will then join since Harvard students are so cool. TwitterIt is like email, SMS or RSS. Except it does a lot less. It will be used mostly by geeks at first, followed by Britney Spears and Charlie Sheen. InstagramFilters! That's right, we got filters! PayPalPeople will use their insecure AOL and Yahoo email addresses to pay each other real money, backed by a non-bank with a cute name run by 20-somethings. LinkedInHow about a professional social network, aimed at busy 30- and 40-somethings. They will use it once every 5 years when they go job searching. MintGive us all of your bank, brokerage, and credit card information. We'll give it back to you with nice fonts. To make you feel richer, we'll make them green. DropboxWe are going to build a file sharing and syncing solution when the market has a dozen of them that no one uses, supported by big companies like Microsoft. It will only do one thing well, and you'll have to move all of your content to use it. iOSA brand new operating system that doesn't run a single one of the millions of applications that have been developed for Mac OS, Windows, or Linux. Only Apple can build apps for it. It won't have cut and paste. GitHubSoftware engineers will pay monthly fees for the rest of their lives in order to create free software out of other free software! FirefoxWe are going to build a better web browser, even though 90 percent of the world's computers already have a free one built in. One guy will do most of the work. For the most part, the motto here is: "Do one thing, do it well." That applies to the original Google, Amazon, Facebook, Twitter, Instagram, Dropbox, iOS, Github and Firefox.
|
|
|
Everyone who thinks that there will be not more than 21,000,000 bitcoins IS WRONG.
1. Fractional Reserve Banking. For example, MtGox, they do FRB. (I'm wrong? They don't do it? C'mon, even small kids know that MtGox loves FRB.) 2. Altcoins. Litecoin, Bytecoin, whatever. (I'm wrong? These are other currencies? C'mon, it's Bitcoin with other names, look at their source code.)
What do these 2 points mean?
Bitcoin is not deflationary => One BTC will never be $1,000,000 => When the block reward becomes too low, miners will switch to other currency, because fees won't cover burnt electricity
So, how are we going to secure the blockchain in the future?
Bitcoin does not need to be $1,000,000 to cover electricity. Right now mining with GPU's most peoples electricity is only 25% of cost. Far less for people with ASIC and FPGA. Enough mining for security would happen with a block reward of 6 right now. As the value of BTC rises this number will drop. SATOSHI GOT IT RIGHT.
|
|
|
but will it hash?
Probably bitcoin very well, on the other hand, how it looks for litecoin with the 7970's, who knows till they are released. Essentially 2 HD7970s on one PCB with lower stock clocks. 2 would be only a bit behind quad 7970s and use less electricity. Serious heat output though. Yes, but they tend to be higher binned chips. I will pick one of these up for personal use. I have been trying to get the powercolor non reference version of this card but it has been out of stock each time I check. http://www.newegg.com/Product/Product.aspx?Item=N82E16814131483It's luck of the draw really. Yeah the power cooler one looks really cool. Although I don't see a reason why you would pay 1000$ for a dual gpu card when you can get better performance and cheaper by maybe 200$ by picking up 2 hd7970s. Unless you are PCI-E limited. I have this view because I mine AND game. Currently running 7970s x 2 and a HD7850. I am estimating it will actually be about the same price as two 7970's or maybe $100 more. Sometimes it is nice to have the best! I do have two pci slots in 'my' machine but I will consider getting two of these 7990's in the end after some time.
|
|
|
Litecoin uses a modified fee formula to discourage spam. Spam is a significant problem in the Bitcoin network. - Fees get smaller with coin age. Usually that means "wait long enough" and it becomes free. Depending on the number of inputs it can become a free transfer if you wait a few days.
- If your inputs are numerous and small, you might be able to fit only a limited number of them in a free transaction. If all the inputs have sufficient coin age, you can make these free by splitting them into multiple transactions that are below 10KB in size. There might be delays in confirmation.
- If your output is too small (less than 0.01), the fee will always be high relative to amount you are sending. This is to prevent spam.
- Litecoin-0.8.x will have improvements to the fee calculation to allow "normal" transactions to have a lower fee while continuing to be hostile to spam.
I am looking forward to those improvements. I guess the calculations for fees are really off. You can discourage spam without charging 10% fees on a 1 LTC transaction. The current fee structure makes the coin unfriendly to actual users. I have changed pool settings to have less transactions per amount of LTC. I am sure this will help some.
|
|
|
I was wondering if you can put 2 or even 3 PowerColor AX7970's on one 500w power supply?
Spend the money on the new power supply. If the power supply pops it can take out the MB or worse. Spend $79 and get a 700W.
|
|
|
Thanks for the help, the suggestion of 6950 was really helpful for me. Can you suggest me the motherboard with (4) x PCI express x16 2.0 slots. and should be cheap about $150. IF not four slots then at least three should be present. Again thanks for advise. IF im just able to get three 6950s to work together I will be mining at about 1300-1400KH/s and that is a good hash rate considering the current difficulty of litecoins
Go for the 7950's not the 6950's. 7950's tend to use less power and will have higher resale value if you stop. 7950's do well with litecoin.
|
|
|
but will it hash?
Probably bitcoin very well, on the other hand, how it looks for litecoin with the 7970's, who knows till they are released. Essentially 2 HD7970s on one PCB with lower stock clocks. 2 would be only a bit behind quad 7970s and use less electricity. Serious heat output though. Yes, but they tend to be higher binned chips. I will pick one of these up for personal use. I have been trying to get the powercolor non reference version of this card but it has been out of stock each time I check. http://www.newegg.com/Product/Product.aspx?Item=N82E16814131483
|
|
|
I'm running around at work ATM, so I have no idea what was said by the CNN reporter.
The amazing thing is, my wife has been tuning me out every time I ramble on about Bitcoins for two years now, convinced that it was just a harmless hobby shared by a few internet geeks (despite the fact that she tunes in regularly to The Good Wife and saw the bitcoin episode).
I will always remember today as the day Bitcoin went "mainstream" in my world.
That for me was April 4'th. I was at the gym and Bitcoin was on the CNBC financial channel. That was the first time I saw Bitcoin on TV that I had not searched out myself.
|
|
|
I am surprised that the fees are so high to transfer just 1 LTC. I see some very strange behavior when I send, such as it asking me to approve one fee, then a higher fee, then taking less in the end. .1 LTC fee on 1 LTC is 10%. Seems high to be a useful currency.
I also see no way to send with no fee. Is this a wallet limitation or a network limitation?
|
|
|
Unfortunately it is not updated often or well. They still have the 1:30pm price four hours later. It is a start though.
|
|
|
Dumping? Can't sell fast enough? I will buy at below market rates. $50 , up to $500 worth total.
I am a long term member since 2011.
I reserve the right to back out if I have not given you a payment address or you wait over a half hour to pay.
|
|
|
i cannot habeeb that the lag was caused solely by traffic, and if it was, then they obviously are very behind on hardware and security for the amount the have invested.
I can not speak to the security but the servers they would need ( if they bought them ) would be less then $100,000 For gox that would be a few days or even less profit. DDOS protection in this case might be making things worse.
|
|
|
Hey guys I'm new to the pool. Mining with a GTX 650 at a whopping 14MH/z. Just getting to grips with everything and thought I'd stop by and said hey!
While I am not a litecoin fan yet, mining litecoin and selling them for BTC will yield you far more due to your nvidia card. Look into it.
|
|
|
|