Bitcoin Forum
May 30, 2024, 07:54:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 [649] 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 ... 712 »
12961  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][?] A new coin based on CryptoNote technology (BCN fork) on: April 16, 2014, 12:15:33 AM
Why would the markets accept that?

I can't answer that. I try not second guess the markets, just observe. It seems the original coin is getting more and more uptake, for whatever reason.

Clones always have an uphill battle, as I'm sure you know.

Quote
Crypto distribution is absurdly bad (most, even big ones like LTC, have ~50% of coins held in the top 100 wallets).

And yet, LTC is the most successful alt by far...

Quote
Don't underestimate "instamining" stigma - it annihilated Quark and continues to plague DRK. A currency (exchange medium) is no good if many people don't want anything to do with it.

I don't disagree necessarily, like I said I'm just observing. If this coin turns out not to work the technology is out there and can be used for something else.
12962  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][?] A new coin based on CryptoNote technology (BCN fork) on: April 15, 2014, 09:40:15 PM
Has there been anything new about this coin? Has it been put on hold or is it still schedule for release. Also a name?

I'm starting to doubt there is really a good reason for this besides people wanting to pump and dump. The original is starting to get more and more traction in the community (beyond what may or may not exist on the darknet). It will be hard for a clone to overcome that lead.

If anything I'd propose a bitcoin spin-off clone instead. https://bitcointalk.org/index.php?topic=563972.0

Better chance of adoption to overtake the original, maybe.

12963  Alternate cryptocurrencies / Altcoin Discussion / Re: NAS the latest GREEDY/PONZI distribution model - 71% to 11 people?? what? on: April 15, 2014, 09:10:09 PM
I'm not against full pos given out to people, however just need to give it out to more than 11 people. Can't be that hard to get some method of distribution that does way better than that.

Right here: https://bitcointalk.org/index.php?topic=563972.0

I may even do this myself (yes I can code Java), but I'm just busy with a lot of different things right now.

12964  Economy / Currency exchange / Re: Options trading thread on: April 15, 2014, 09:04:14 PM
You have to admit, the last 24 hours have been interesting.

Another 40% in the next 3 hours would be nice...Go BTC

12965  Economy / Lending / Re: Loans offered on: April 15, 2014, 08:58:17 PM
Sent a payment of .4

Received. PM sent.
12966  Alternate cryptocurrencies / Altcoin Discussion / Re: [BCN] Uncovering CryptoNote technology and Bytecoin BCN FAQ on: April 15, 2014, 07:03:30 PM
Cache is by far the largest part of the die of any modern CPU.

Not by far. Cache area is usually close in size to Core area.

Yes I see that is the case. Thank you for the correction. My understanding was out of date or just wrong.
12967  Alternate cryptocurrencies / Altcoin Discussion / Re: [BCN] Uncovering CryptoNote technology and Bytecoin BCN FAQ on: April 15, 2014, 06:41:16 PM
There is no "most expensive part of the CPU". Cost is dominated by die size and fault rate.
It's true that 37.5MB takes a lot of die space, so that certainly contributes to cost.

Cache is by far the largest part of the die of any modern CPU. I don't know how that contributes to failure rate though, since individual bad cache cells might not render the die unusable.

12968  Bitcoin / Pools / Re: [185 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: April 15, 2014, 06:34:19 PM
If the hash rate is such, or the difficulty is such, or whatever, where the expected time to block becomes 4 days, 5 days, longer... doesn't that equate to "wasted" work mining because there are days gone by without being counted?

No. Think of mining like flipping 40 coins and trying to get all heads. Getting a share when the pool doesn't get a block is like flipping 40 coins and getting say 38 or 39 heads. Close but no cigar. This is not wasted work, just a near miss. It feels like it because your brain plays tricks on you and you feel that because you almost accomplished the required task, you "should" be rewarded. But no, it doesn't work that way.

12969  Bitcoin / Pools / Re: [185 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: April 15, 2014, 07:34:44 AM
The thing is, while variance may average out over the long term, that only matters if difficulty remains the same.  If you think that I'm wrong, let me offer you a scenario. Hypothetically, let's say that based on current pool hashrate and network difficulty, we can expect one block per day. I'll offer you a choice. You can get three months of double the expected block success (two blocks per day initially), followed by three months of zero payouts. OR, you can get three months of zero payouts, followed by three months of double the expected success rate.  

The naive answer is that both will average out to the same thing - and that answer is correct so long as the pool maintains the same hashrate and block difficulty throughout the six months. In reality, even if we hold the pool hashrate constant over six months, your total payouts with the two options will be radically different due to the increasing difficulty rate. The double payouts followed by a dry spell will earn much more than a dry spell followed by double payouts, simply because you're getting paid when difficulty is lower - thus more blocks are found during a given time period.

Sigh. I'm getting so tired of arguing with math fallacies. So I won't.
12970  Economy / Lending / Re: looking for .50 loan reapy .60 by 4/18 on: April 15, 2014, 03:26:59 AM
if he has LTC to offer as collateral why would he need a loan?

Because he doesn't want to sell his LTC just to satisfy a short term liquidity issue.

12971  Bitcoin / Pools / Re: [185 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: April 15, 2014, 03:25:41 AM
I was planning on putting the new Antminer I'm getting soon on p2pool and the 60 somewhere else.  Do you think I should divide them up differently?   

I can't tell you how to set your priorities of mining. My suggestion was just a way to reduce variance while still helping p2pool and the decentralization of the overall bitcoin network. If you want more steady payouts, put more on the bigger pools, if you want to help decentralization, put more on the smaller pools (and especially p2pool). But either way you can still accomplish both goals to a large extent.


12972  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: *[BCN (other bytecoin)/BTC]* Google Spreadsheet Exchange on: April 15, 2014, 03:21:33 AM
I'm sold out for now. OP please remove my offer from the book.
12973  Bitcoin / Pools / Re: [185 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: April 15, 2014, 02:39:39 AM
Just as an aside,  you guys may be surprised to hear this, but I was fired from my job of 10 years at a hospital last summer and I live on Bitcoin only.   I am not looking just to make a bunch of money, I am simply looking to survive.  I am done (hopefully) with working for "the man."  I'm willing to listen, learn and do what is best for p2pool - not my profits.  I just want a steady income ($1736/mo) to live on!  That honestly folks is all I want!  And some weeks it gets scary because my little payments don't amount to much.  My problem is, and the people like me out there who are mining, we end up switching back to Slush for the dependable $25-$35 payouts from say 300-500 GH/s, because I receive them fairly rapidly.   I do this out of necessity.  Anyone know of a place where I'd be better of parking my miners for a stable $1700/mo?  I'm not sure, that's why I'm on here learning & talking.  I'm in this for the long haul, my name is Marlon, so if any other serious miners out there wanna talk, I'm here!  I have one running p2pool node now and another node on a Win8 computer in the other room.  I've got 2 more miners on the way but my power bill is now about $175-$250/mo, whereas before it was rarely over $150.   So i'm paying a bit more in power, but it is manageable even with no job!  I make enough to cover the bills, but yeah I guess we are all trying mining out for different reasons.  I am not overtly suspicious of others, I just don't trust the NSA or government because they obviously hate democracy & don't care about us.  I just wanna make enough to live on here (not extra profits unless it's just a nice bonus).  So I'm here, if anyone comes up with ideas, I can implement them on my end, maybe we can do something to change some things about this situation.  Maybe we won't be able to, but I'm gonna try!! 

Assuming you have more than one miner, divide up your hash rate. Keep some of it on p2pool and get what you get, while some of it is on lower variance pools for steady payouts.

12974  Bitcoin / Pools / Re: [185 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: April 15, 2014, 02:27:38 AM
The simple fact is that most miners are a combination of lazy, fickle, uninformed and just all round suspicious and seem to be unable to understand payout schemes, variance and luck no matter how much it's explained to them, and their care factor for things like security of the network, distributing the hashrate etc. etc. just isn't high enough to offset the fact that the primary thing they care about is profits. Then they do pseudo experiments ignoring all the things I said above and show a better payout at some random other pool for that day and they're lost for good.

What he said, especially the part I bolded.
12975  Economy / Auctions / Re: AntMiner S1 on: April 15, 2014, 01:45:54 AM
.8

Sold!
12976  Alternate cryptocurrencies / Altcoin Discussion / Re: wtf is wrong with the nxt code? NAS the latest GREEDY/PONZI distribution model on: April 15, 2014, 01:42:22 AM
Can nobody clone this kind of coin and do a reasonable distribution to more than a handful of people?

How would you do it? I gave one option, which distributes to 500+ people and could be launched in just a day or three. It's not fair - nothing is - but it wouldn't be dominated by whales who could dump and destroy your wealth at any time they like.

Bitcoin spin off has huge potential here. See my previous post on this thread.
12977  Bitcoin / Pools / Re: [185 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: April 15, 2014, 01:38:58 AM
Wow... Is everyone jumping ship?  Hash rate is down to about 110TH/s...

Pretty much. I pointed out before that 5+ days rounds are not sustainable, and we're only a few days from another ~20% difficulty jump. It is only a matter of time before we see 7+ day rounds or worse. RIP p2pool.

As of now, 4/17... 12.5% increase. 

I've found this estimate to be pretty reliable, which shows 17.4% now: https://bitcoinwisdom.com/bitcoin/difficulty

Of course we will find out in a few days. Whatever it is, it won't be good for p2pool.



12978  Alternate cryptocurrencies / Altcoin Discussion / Re: wtf is wrong with the nxt code? NAS the latest GREEDY/PONZI distribution model on: April 15, 2014, 12:32:38 AM
Simple solution is to build a Nxt clone that is a Bitcoin spin-off
12979  Bitcoin / Pools / Re: [185 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: April 15, 2014, 12:29:34 AM
Wow... Is everyone jumping ship?  Hash rate is down to about 110TH/s...

Pretty much. I pointed out before that 5+ days rounds are not sustainable, and we're only a few days from another ~20% difficulty jump. It is only a matter of time before we see 7+ day rounds or worse. RIP p2pool.



12980  Economy / Auctions / Re: AntMiner S1 on: April 14, 2014, 11:30:59 PM
A little over 2 hours left
Pages: « 1 ... 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 [649] 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 ... 712 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!