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1141  Bitcoin / Mining support / Re: Mt. Gox drops to 20, reconsidering your mining rigs? on: June 11, 2011, 06:54:53 PM
wow back down to 13 last night.

I bought mass at 13.6. Thanks to whoever panicked, lol.
1142  Other / Obsolete (buying) / Re: selling 6 btc on: June 11, 2011, 06:52:40 PM
In my opinion, if you are selling anything, it means you are selling, whether its BTC, or handmade Native American Moccasins, or wooden nickels.  But of course, I'm not an admin, and so my opinion doesn't really matter Smiley  It's just tough to put into my head "OK, I want to get BTC for something... am I selling something, or buying bitcoins?  Or selling bitcoins to buy bitcoins?"

No, you are right. Selling 6 bitcoins means you are selling 6 bitcoins, just as selling 6 alpaca socks doesn't mean "buying $25 usd for 6 alpaca socks".

It's just the way this forum works.
1143  Other / Obsolete (selling) / Re: [For Sale] Silver Coins and Bars **tradehill special!** FREE SHIPPING! on: June 11, 2011, 06:42:21 PM
If you ship to Europe, send PM with price estimates and size of coins / bars you have to offer.
1144  Bitcoin / Mining / Re: Going caseless? on: June 11, 2011, 06:21:03 PM
-

Heh, so there are plenty of people figuring out the benefits of USB Wlan adapters.

Much less wiring hassle, and you can run up to 32 connections on a single router sharing the same IP.
1145  Bitcoin / Pools / Re: BitCoinPlus.com on: June 11, 2011, 06:15:20 PM
That's probably your best bet. GPU miners are a bad idea because some of the comps. in your botnet might not even have OpenCL enabled graphics cards and probably a very small amount has a proper 5xxx series card.

To ensure max. stability and avoiding detection, various CPU schemes are the best (like BCP.com). You could try a hidden command line gpu miner that attempts using 10-20% of any available GPU power if you want to take a risk.

If I were you though, I wouldn't run any of the zombs at full CPU usage. You will be detected and possibly lose a lot of network potential due to people using malware cleaners etc. to figure out where the slowdown is coming from.

Limit to 25%, in my opinion.
1146  Other / Obsolete (buying) / Re: selling 6 btc on: June 11, 2011, 05:52:03 PM
looking t sell 6 btc @ the current mt gox price of 26.35 - paypal transaction. I am a trusted dealer, I have dealt with Maxxx many times and he can vouch for me. First pm gets them!

I'd be hesitant to buy anything from somebody who can't read that they're posting something for sale in the "buying" forum

He's buying $USD so the moderators move this kind of threads.
1147  Economy / Economics / Re: What just happened? on: June 11, 2011, 03:22:54 PM
It drops every weekend, sometimes even drastically, because you can't really move money in during wire transfers during the weekend.

Take a look at the price graphs on every Friday evening to Sunday evening. It usually bounces up after Sunday is over.
1148  Bitcoin / Bitcoin Discussion / Re: ANTI-BUBBLE: Scientifically proven to be less stable than anti-matter on: June 11, 2011, 02:56:16 PM
Someone made a nice quickie receiving that dump at 13

On a related note, interesting coincidence how this forum was down at exactly same time that dump happened.


Dear whoever panicked at Mt. Gox an hour or so ago,

Thanks.
1149  Bitcoin / Mining support / Re: Mt. Gox drops to 20, reconsidering your mining rigs? on: June 10, 2011, 09:38:32 PM
in advance i apologize for my bad english. i'm not a native speaker.


there are quite a few things to be considered here and most people seem not to see this.
firstly: a market correction was more than necessary, cmon people 19$ per btc and 34$ per btc at the same difficulty, are you shitting me? please, start to think for a second.
secondly: there is no way to wire money to mtgox, it's weekend. weekend always means more fluctuation.
thirdly: maybe most important point. the chain reaction of selling. one starts, price drops, people get scared and sell, price drops even more.

Finally someone with common sense. And your English is fine.
1150  Bitcoin / Mining / Re: How to make 6990 quieter ? on: June 10, 2011, 09:35:47 PM
You can't, short of watercooling.

I hate the noise this card makes but fortunately I don't run a 6990 rig at home (two of them at datacenter). Absolutely could not bear it 24/7 in close quarters, I would say it easily makes about 80dB at 100% speed.

Of course, one option is downclocking the cores which will slightly affect the mhash/s. Downclocking memory as well.
1151  Bitcoin / Mining / Re: What's up with all the DDoS? on: June 10, 2011, 09:22:01 PM


"Other" has 40% ?



Compared to .49% 2 days ago

June 8th 2011


That is certainly interesting. Someone must have +2thash/s of power just idling for attacks. Then again, collective hash rate did drop a lot. It was 400ghash/s at slush at one point.
1152  Economy / Economics / Re: Buy Buy Buy !! on: June 10, 2011, 09:16:32 PM
Slush said just now in his own thread over at mining that he believes there is a correlation between DoS against his & deepbit pool in the last 1 hour and temporary price drop.

Maybe someone desperately wanted to buy BTC at cheap prices?
1153  Bitcoin / Mining support / Re: Mt. Gox drops to 20, reconsidering your mining rigs? on: June 10, 2011, 09:12:57 PM
The same way they shut down pokerstars and fulltiltpoker whenever they decided they wanted to (both of which were based in other countries). Seize the domain and put scary FBI warning signs up (like the one currently on http://bookmaker.com/ which they also did it to) warning people to stay away.

Concentrated sites are easy to take down.

Register the domain in Russia, Finland, Switzerland, Japan, or Cocos Islands -> Problem solved.

Besides, pokerstars.com and fulltiltpoker.com work just fine at the moment, and the .net domains were never down to begin with & their site was fully operational the whole time. I follow the news.
1154  Bitcoin / Mining support / Re: Mt. Gox drops to 20, reconsidering your mining rigs? on: June 10, 2011, 09:11:34 PM
The same way they shut down pokerstars and fulltiltpoker whenever they decided they wanted to (both of which were based in other countries). Seize the domain and put scary FBI warning signs up (like the one currently on http://bookmaker.com/ which they also did it to) warning people to stay away.

Concentrated sites are easy to take down.

Register the domain in Russia, Finland, Switzerland, Japan, or Cocos Islands -> Problem solved.
1155  Bitcoin / Mining / Re: What's up with all the DDoS? on: June 10, 2011, 08:55:33 PM
So basically someone is either just griefing because they can?

Or they want to take out the network because they dislike bitcoins.

(less pools = solo = too much variance for most)

A denial of service attack costs money and resources (infected PCs valued at $0.25 to $3 each depending on country and bandwidth available).
It's a service that has a tangible real world value.

So it's either someone very bored who has access to his own botnet, or someone is actually paying thousands of dollars per hour just to annoy miners.

There isn't really any financial gain here, since difficulty level only changes every 2016 blocks.
Attackers chances of finding blocks does not go up simply because he forces other miners out for a few hours.
1156  Bitcoin / Pools / Re: [~2500 Gh/s Mining Pool] HTTPS,API, instant payouts,LP,+1% for NO INVALID BLOCKS on: June 10, 2011, 08:50:03 PM
Your pool is being hit by massive DDoS attack. I have to pull back 5ghash/s to solo for now, sorry.
1157  Bitcoin / Mining support / Re: Mt. Gox drops to 20, reconsidering your mining rigs? on: June 10, 2011, 08:44:26 PM
There is obviously a reason for this. IMO people who went in big ordering 20 5870's or 10 6990's or whatever this late in the game are going to lose the most. The bitcoin was backed on nothing more than trust. Since the gov't caught wind of it, people are starting to lose trust. The value will just go down from here. There may be one last spike and that's it. The problem however is not with bitcoin, the gov't can't shut it down no matter how hard they try. What they can and will do instead is go after the exchangers. Mtgox will be the first to get hit. It's not if, it's just a matter of time. Look at what happened to e-gold. For those of you that haven't been keeping up with the latest, I suggest you visit the economics subforum immediately and get the facts. Since most people are driven by greed and are using bitcoin as nothing more than a cash cow, this is the beginning of the end. Get out while you can and make sure you have nothing in any of the exchanges within a few weeks from now. Mtgox WILL get hit and when they do, you want to make sure you don't have USD or bitcoins sitting in there because if you do, you are going to lose every last cent of it.

How are "they" going to go after an exchange that is based in Japan and has currency accounts around the world?
1158  Economy / Economics / Re: Are you going to trade hill instead of mtgox? on: June 10, 2011, 08:36:17 PM
Lack of EUR payments is not really a bonus.
I diversify bank accounts and if USD is the only withdraw option, going to have to pass on Hill for now.

I'd also prefer CHF (swiss francs) but that's prob. not going to happen.
1159  Bitcoin / Bitcoin Discussion / Re: Jacob Appelbaum: "Bitcoin Prediction: Major bugs in the near future ..." on: June 10, 2011, 08:25:11 PM
I do know that bitcoin has a history of newbies appearing, claiming to have found some major hole in bitcoin, and then nothing coming of it.

agreed.  but given Appelbaum's core involvement in wikileaks and Tor - i don't think it's wise to treat him as a typical n00b.

He hasn't contributed any real code to the TOR project at all. Check his commits.
1160  Economy / Economics / Re: It looks like the Bitcoin's value is about to see a major retrace on: June 10, 2011, 08:17:36 PM
I just looked at Bitcoin Monitor, which shows all the different activity on the Bitcoin network, and it shows that the amount of trading is continuing to ramp up, while Mt Gox shows that those trades are sales whose ask price is decreasing further and further as people trying to sell are lowering their ask in order to get them sold first before price drops more. Price has already dipped below $20.

With selling building up by the minute (literally), I'm willing to bet the price will drop all the way to $10.
We may have just seen the shortest economic bubble of all time Tongue

Another candidate for the "require 0.01btc payment for registration on the forums" to deter trolls.
I'm willing to bet you signed up just to post this.

Really, even if you're just trying to push the price down just so you can buy it cheap, you're doing a pretty awful job at it. The market will correct itself.

Then again, I do hope it goes well below $20 temporarily.
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