Why would I care if Vlad supplies say, 100ghash to a pool I mine in?

If it's not PPS based, then all it means is every member gets paid faster and more frequently.
It also lowers the huge variance that occurs at 1.8 million difficulty.

Really.. This, and pool hopping etc.. Are not advanced math. You can figure these out with common sense.

Some people here seem to oppose everything, for the sake of being against something.

Impressive find. Still in stock. Thanks.

Why clutter the ticket system?
Did you not read MagicalTux's post? In case you didn't know, he runs Mt. Gox.


Start your bitcoin client and you will see the coins instantly show up in the wallet
(though 6 confirmations will be needed until you can use them)

I withdrew 2 times today and it showed 'pending', yet the funds appeared instantly.

It peaked out due to excess consumption during the hottest days (people running maxed AC's etc) causing a lot of extra transfer charges,
though at $20-$30 per coin it was definitely not a problem.

With a $7 bitcoin and ~2m difficulty? Yes... You could say it's a problem.

Economies of scale would work (expanding your mining power further & further until even small profit margins means $10k+ per month)
if it wasn't for the fact difficulty is rising, electricity costs are rising and bitcoin price is going down.

What is this based on?

Not as a skeptical question, but since you as a big pool op. might have better understanding of the market, statistics etc.
(I find $30 perfectly logical in the long term, just would like to know the reasoning)

That's not my pic, that's from Eligius pool owner's chart.
http://eligius.st/~luke-jr/samples/800MH-3/

Also PPS is still not dependent on rounds found.

Go to http://abcpool.co and you will see there is not even a round history in existence.
Miners are getting paid for submitted shares & not found blocks.

The way sales are setup on Silk Road you can't trace the buyer or seller.
You also might be forgetting everything is encrypted and goes over TOR rather than the 'normal internet'.

I can live without selling bitcoins, but can't keep a mining operation running without fiat money.
My electricity bill peaked at almost $2,500 for a bit above 20ghash/s in June.

You can't just keep everything as a profit or long term investment/giving it 'back to the community'  because electricity or datacenter rents cannot be yet paid with bitcoins.

I'd gladly pay for mining expenses in bitcoins if that was possible. But that's a pipe dream for now.
Without cheap FPGA or ASIC mining boards, electricity costs of creating bitcoins will force miners to sell a portion of their mining proceeds.

Everything at 50-65c, except 6990's at 75-90c.

Could be your motherboard's power limitations. 300 watts is a pretty standard maximum for a total of 4 PCI-e slots.
Or short circuiting the upper left pcie pin to the second last on the bottom right (emulating VGA detection)

Going beyond that, you may need to use one of those risers with a Molex feeding power to the card instead of the PCI-e slot.
Cablesaurus sells those.

You screwed up big time with the thermal paste.

It's *only* supposed to go between the GPU chip and the heatsink to allow maximal heat transfer to the copper pipes.

Also the Accelero Xtreme is much more powerful than the stock 5970 fan, I'd know because I run 3 of those cards.
Chances are you applied too much paste and saw high temperatures to begin with.

Not very big, probably.

+ Reputation for bitcoinTrader again. He has sent Western Union funds in a timely fashion as agreed.

If you hover the mouse over a chart it shows both an estimate, and the actual reward at any time during the 14 day span.
Even if it was simulated it wouldn't make the charts any less valid

Still I would like to hear your explanation why other payment methods are viable when 0% PPS exists.
It's the purest and safest form of mining that exists for the miner.

The Eligius chart shows estimated 24/7 prop. mining earnings nearly 1BTC less per week than PPS [@800mhash] which is significant
(And unlike proportional, hoppers can't benefit from PPS pools, their early shares are treated the same as later shares)

He wouldn't benefit from forging as his own pool uses SMPPS which doesn't do that well in the comparison chart.

It could also be based on what people would earn in *his* pool, were each of those methods were available during that 14 day span.
Of course it isn't live 24/7, in that aspect you are correct. The sample was taken about a month ago. But it's also too precise to be a simulation.

If you want to peddle these instead of mining, may I remind that these are out of stock in Europe as well.
Except there the going price is 600-700€ or more per card. That comes to a minimum of $850 dollars.

Buy a card from Newegg and people in Europe will snatch it up in an instant if you sell it on eBay for 599€. You'll make a few hundred just by ordering stuff.

Pure PPS is independent of luck. You do not get paid based on blocks. Every single share has a value of 0.00002769 BTc.

According to Eligius 14 day live analysis pure PPS has the highest EV of any payment method.
Every two weeks you are not mining in a pure PPS pool you are losing about 0.5 to 1.5 BTC on average (with 800 mhash of power)

http://eligius.st/~luke-jr/samples/800MH-3/



As you can see, 24/7 prop. mining is the worst method in existence.

Since there are 0% pure PPS pools like abcpool.co and btcpool24.com,
I assume miners want to voluntarily lose money to hoppers and inferior payment methods by favouring other types of pools.

Bottom line: Every day you do not mine at pure PPS pools (or exploit prop. pools by hopping) you lose money.

No, he's actually right. Bitcoin mining is a perpetual Poisson process. There is no such thing as 'block progress'. Mining does not work that way.
Shares that do not have the solution are intrinsically worthless.

It doesn't matter if you have submitted 2,000 shares or 5 million shares.
Each submitted share at current difficulty & target has 0.00000000000000012894% probability of solving a block.

After 1806098 shares, an *average* block would have been found at current difficulty. It does not mean work is exceeded or completed before or after that.
Without attacking Sam, some of the pool users prob. stick to the site 24/7 because they don't really understand how mining & variance works.

This is a great point people dismiss casually.
You can't get good, cheap mining cards lke 5830 anywhere these days. Your only options are scavenging auction sites.

At current prices 6xxx cards are not efficient for mining at all (except for the 6770 which at $110 and ~210mhash is a good investment).
When the 7-series comes out, 6xxx cards should drop in price significantly, making cards like 6870/6970/50 cost-effective.