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just put up a sell order @ $11.1, 10 BTC. Hopefully somebody takes it.
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Better not freaking go any lower
Why don't people push the price up?? My goodness
Why would they? They will continue to put their orders in, and if miners continue to sell at outrageously low prices, traders will continue to buy. If all the miners secretly got together tomorrow and halted selling for 2 weeks the price would double. However this is a small market, and when you have thousands of people trying to make back thousands of dollars in equipment things will get ugly fast. The market is being flooded by cheap coins because of the new miners that have come into the game. Anyone who bought in with equipment should seriously consider holding on to their coins for at-least a couple of months, cause selling now doesn't help anyone including themselves... I think the biggest problem is that you have a bunch of finance people literally praying on a bunch of nerds (I include myself thank you). They know how to manipulate this small market, and seriously work us to their advantage. The money that we trade on a daily basis is JOKE money to these people. You think your $10,000 is hot stuff? These people have millions... And they can easily manipulate us into making stupid decisions and giving up our Bitcoins for prices that are simply unacceptable! Just because your fiat reality has you under the ropes doesn't mean your Bitcoin reality needs to look the same way... We are a community of IT professionals, and IT people are known for knowing "everything". It's time for everyone to start picking up some day trading books, and learn how trading markets work. I don't mean that in any detrimental way, but the facts are true. These *firms* are running huge games on us, and everyone seems to be following them like lost puppy's... I've been mining for 2 months and I sold the first batch I mined at $13.66 and the remaining at around $13 2 days ago (well, I'm still mining and consider downsizing). I sold out of fear that it would drop more. What you said is reasonable. But my question is if the trend is down, should we sell the coins and possibly buy them back later? I know selling will only cause more downward pressure but at the same time, people do have to pay the utility and their expensive mining rigs I guess. |
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This pool seems to be nice, and I like the monkey logo  |
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Did you manually type line breakers? LOL Again, OP is proven to not be able to figure out or interpret any math. If you're fine with your strategy, that's OK. And I'm happy with my payout from deepbit and their service. And last point, many people mine at deepbit for many different reasons, not just the hash power like you said in your original post.
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I tried donating a small amount of USD to red cross yesterday. Today the status still shows as "In Process", so what does it mean?
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Total BS. You only have one third of cards in any of the pool. If you only care about the total, you should split your hasing power into every single pool (other than deepbit because you think it's evil) and your formula will generate even greater number.
Do whatever you want and I'm sticking with deepbit, so will the rest 5 terahash.
It cuts down the variance of payouts...if you're too dense to see that, go ahead and keep paying the fees at deepbit. OP's initial point is not about the variance. If you're too dense to see that, go ahead and pay for some reading education. BTW, I'm happy with 3% fees at deepbit. They deserve it. |
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Total BS. .... generate even greater number. Please show me this magical math where the total is greater than the sum. .... careful about simply adding up the hash rates of the pools you are mining and assuming you will have the variance of the sum. First off I said was the cumulative hashing power would be 5063 GH/s and that is correct. As far as variance which is a random variable working on three blocks should be better. The wiki says payout method used by the pool affects variance the most which makes sense the more I think about it. http://en.bitcoin.it/wiki/Mining_pool_reward_FAQ#How_much_will_the_pool_decrease_my_variance.3FVisual comparison of pool payout methods based on real-world data https://bitcointalk.org/index.php?topic=20689.0Solo mining? No! I don't understand the siginificance of the cumulative hashing power since you are mining with 1/3 of your total hashing power at each pool. I do see the point that this is a way to reduce variance, but even so, it is isn't clear to me that you are effectively getting the variance you would have with a pool at 5063 Ghps. Why? because 1/3 of your hashing power is aimed a pool with high variance since it is only about 500 Ghps. Again, suppose you aim 2/3 of your hashing power at two pools with 5000 Ghps combined, and 1/3 of your hashing power at really small pool with only 10 Ghps. Are you then effectively going to see the same variance you would if you aimed all your hashing power at a single pool with 5010 Ghps? No, because 1/3 of your hashing power is aimed a pool that will have very high variance, so your variance will be significantly higher than it would be if you aimed all your hashes at a single pool with 5010 Ghps. So even if you are just talking about variance, it isn't correct to just add up the hashing power of the three pools your are mining at, and say, "I'm only getting the variance of a pool with that combined hashing power." Maybe if you split your hashes between three pools each of which is at 2000 Ghps, you would effectively get the variance of a single pool with 6000 Ghps. That seems right, but when one of the pools is much smaller than the others and you are still pointing 1/3 of your hashes at it, things get more complicated. Agreed, as I pointed out earlier, OP's math is flawed. BTW, I stopped trying because it's just a wasting time of trying to educating somebody who can't even figure out simple math LOL |
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People blaming Microsoft are just plain ignorant. The security attack can happen on other operating system too. Because Windows has more market share so hackers spend more effort on exploiting holes in it. Plus, I don't think exchanges are using Microsoft SQL servers.
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Total BS. You only have one third of cards in any of the pool. If you only care about the total, you should split your hasing power into every single pool (other than deepbit because you think it's evil) and your formula will generate even greater number.
Do whatever you want and I'm sticking with deepbit, so will the rest 5 terahash.
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11.6 is the best. With SDK 2.1, 0% CPU. With SDK 2.4, 30% CPU (1 single 5830).
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BTW, OP's math is totally wrong
2473 * (1/3) + 2084 * (1/3) + 506 * (1/3)
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With catalyst 11.6 + SDK 2.1, 975/300 setting, I'm only getting 176 mhs with phatk 2.1
With Diapolo's kernel, I was able to get 314 mhs
I changed it again, if it still doesn't work at all, can you give me some details on the settings you are using? Now worked! 316 Mhash/sec! -k phatk DEVICE=1 VECTORS BFI_INT AGGRESSION=11 WORKSIZE=256 And it uses 0% CPU as usual. Excellent work! |
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deepbit is good, not evil.
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With catalyst 11.6 + SDK 2.1, 975/300 setting, I'm only getting 176 mhs with phatk 2.1
With Diapolo's kernel, I was able to get 314 mhs
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I'd like to downsize my mining operation. The card was purchased new through newegg ( http://www.newegg.com/Product/Product.aspx?Item=N82E16814102878) on 6/6 (3 day shipping so you can figure out how long I've used it for). I'm getting 314 mhs with the 975/300 setting (modified phatk kernel). I've NEVER flashed the BIOS or changed the voltage. It's in perfect condition and I'll provide all the packaging & accessories as well. I'll take BTC using current conversation rate. I'm in eastside Seattle so if you can pick it up in person, you can save the shipping. |
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Good points about the penny stock. What has really changed in a year that makes bitcoin worth $30 or even $13? Really nothing has changed except it was hyped up with a few major news articles.
I wish I would be able to short bitcoin.
Good thing you can't short it, because I'm happy to continue to sell btcs as I know short-squeeze is not very likely |
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This is the best rig I've ever seen! Great job! |
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I'm wondering if TradeHill will provide some transparency on how the donation is made. I'm interested in donating some bitcoins. Will tradehill convert it to USD immediately and donate to Red Cross? Thanks.
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Totally agree on the penny stock analogy. It'll fall very very hard once the promotion campaign is over. Remember it was trading at less than 1 penny last year, without having any real value.
Cashing out all the remaining coins at $13 now (well, if it gets re-pumped, I won't regret either as I'm continously mining as well).
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I'm working on a new version! The inputs came from the original Author of phatk, who released a version 2.0 of phatk (THANKS Phateus).
Currently my version IS slower, but I see this as a fair and cool competition, from which all of us will benefit in the end.
Dia
Actually your kernel is fast for me. Catalyst 11.6 + SDK 2.1, 975/300 gives me 313 mhs (your kernel) Catalyst 11.6 + SDK 2.4, 975/300 gives me 311 mhs (latest from the original author. SDK 2.1 doesn't work) |
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