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1361  Other / Beginners & Help / Re: Bitcoin on CNBC on: March 27, 2013, 09:24:07 PM
Quote
"They won't make a sound no matter how many of them you try to toss in a bucket, and you can't pitch them in a fountain and wish for good luck." - Jeff Cox (CNBC)



LOL, he shows a picture of the physical Casascius Bitcoin and then claims it makes no sound and cannot be tossed into a fountain. What an idiot!  Cheesy

1362  Other / Beginners & Help / Re: Is terracoin a scam? on: March 27, 2013, 09:20:26 PM
The only other currency worth investing in besides Bitcoin is LiteCoin

Always remember you're dealing with unregulated exchanges.
1363  Other / Beginners & Help / Re: Sending bitcoin using email instead of bitcoin address on: March 27, 2013, 09:16:18 PM
You can make an offline paper wallet and send that instead by e-mail or even traditional mail. But don't forget that e-mail is not secure.
1364  Other / Beginners & Help / Re: Want to start mining, any tips? on: March 27, 2013, 08:54:06 PM
The jig is up unless you have an Avalon ASIC up your sleeve.

Better to mine LiteCoins if you want to use a PC.
1365  Other / Beginners & Help / Re: Could mining shares be distributed more balanced? on: March 27, 2013, 08:50:30 PM
Fair is a PPS pool. I recommend 50BTC or Bitminter.

If you want to mine with old kit try LiteCoin instead, competing against ASICs on Bitcoin is going to get more unfair!  Wink
1366  Other / Beginners & Help / Re: trouble with gui minner on: March 27, 2013, 08:05:37 PM
Quote
rpcminer-cuda.exe

To solo mine you have to use the menu in GUIminer and let it know where you bitcoind.exe is.

You're not gonna mine solo on a nvidia ever! It's gonna take 9 years to solve a block with 100Mh/s!

I'd forget Bitcoin it's days of mining with GPUs are numbered. Look at LiteCoin instead.
1367  Other / Beginners & Help / Re: Is mining still profitable? on: March 27, 2013, 05:05:25 PM
Bitcoin is profitable but eventually, when the ASICs are in miners hands, it won't be and you'll need to switch to LiteCoin with graphics cards.

Litecoin has been designed to make it hard for anyone to create a dedicated FPGA/ASIC hardware miner.
1368  Other / Beginners & Help / Re: What is the main reason for the recent price raises? on: March 27, 2013, 04:45:23 PM
Max Keiser, who uses RT to reach 550 million worldwide viewers said...

1% of global trade in Bitcoins = $100,000 Bitcoin.

Keiser Report: Bitcoin Millionaires vs Paper Billionaires (E416)
http://www.youtube.com/watch?v=_t39jCXXIrY

He also claims to be Bitcoin millionaire.
1369  Bitcoin / Pools / Re: [7 Th/s] 50BTC.com - PPS|Stratum+Vardiff|Port 80|QIWI,Yandex,Mobile,LR,WM... on: March 27, 2013, 03:20:17 PM
pool.50btc.com:8332 27/03/2013 15:18:39 GMT,
<start loop>
 Problems communicatiing with bitcoin RPC 0 2
 Problems communicatiing with bitcoin RPC 1 2
 Problems communicatiing with bitcoin RPC 2 2
 No more backup pools left. Using primary and starting over.
<end loop>

 Huh

working again, thanks

 Grin


1370  Other / Beginners & Help / Re: HASH rate not as expected on: March 27, 2013, 01:42:51 PM
Yeah, just a slight overclock, no voltage mods or anything that could harm the cards, though some people claim to get them to 300MH/s
1371  Other / Beginners & Help / Re: HASH rate not as expected on: March 27, 2013, 12:48:08 PM
Use catalyst 12.11beta drivers from you cards manufacturer, disable crossfire, and overclock using catalyst overdrive.

I recommend mining on 50BTC or BitMinter pools.

I get 260MH/s on 5830s you should be beating that.
1372  Other / Beginners & Help / Re: Struggling to get started.. please help! on: March 27, 2013, 12:36:16 PM
Buy a graphics card for your desktop like a 5830 or higher.

Alternatively, try mining LiteCoins instead, they're been designed so you are not competing against FPGA & ASICs.
1373  Other / Beginners & Help / Re: Struggling to get started.. please help! on: March 27, 2013, 12:31:51 PM
2 stale/invalid..

probably because your graphics card is so slow someone else has already solved them by the time you do.
1374  Other / Beginners & Help / Re: Will a new cryptocurrency have to be made for high frequency trading? on: March 27, 2013, 12:00:48 PM
Quote
Will a new cryptocurrency have to be made for high frequency trading?

High frequency trading is done with derivative contracts, when the contract expires you settle, only then do you deliver the coins.

But if you need a faster transaction coin, for that cup of coffee, Litecoin is Bitcoin with all the problems fixed.  Wink
1375  Other / Beginners & Help / Re: The Bitcoin killer would be... on: March 26, 2013, 11:30:21 PM
LiteCoin is the BitCoin killer.

They fixed the bugs in Bitcoin.  Wink
1376  Other / Beginners & Help / Re: [ubuntu] cgminer and ATI video card problem on: March 26, 2013, 11:28:39 PM
You probably need to install OpenCL drivers.

You can get Linux pre-configured for mining. I use a small USB distro called LinuxCoin.
1377  Other / Beginners & Help / Re: rpcminer-cuda is slower than default OpenCL miner in guiminer on: March 26, 2013, 11:26:34 PM
Don't use nvidia graphics cards full stop you'll waste more money in electricity that you mine.

https://en.bitcoin.it/wiki/Mining_hardware_comparison
1378  Other / Beginners & Help / Re: help with gui miner on: March 26, 2013, 11:25:21 PM
nVidia cards are not worth running because they are so slow you'll use more electricity than you generate in bitcoins.

https://en.bitcoin.it/wiki/Mining_hardware_comparison
1379  Other / Beginners & Help / Re: What is a bitcoin really worth? on: March 26, 2013, 11:17:21 PM
Maybe Max is right. Could this really be headed to 100,000 or a million per bitcoin?

Max Keiser also thought silver was worth $500oz, but I just look at production costs and see it's worth around $10oz.

When bubbles bursts most commodities head back to their true intrinsic value, how much it cost to produce.
1380  Bitcoin / Hardware / Cheaper 20Gh/s Avalon? on: March 26, 2013, 10:47:13 PM
Has anyone thought of buying a single module and turning it into a cheap 20Gh/s ASIC by adding their own PSU, fans and controller? The software is on the web I guess. Do-able?   Undecided

Surely it would cheaper/faster for Avalon to just sell the modules than build a whole unit.

Bitcoin decentralization requires a cheaper ASIC solution.
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