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PDyXAgA8eH47gokVW6zVZPSuu15aao5nZF
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Thanks for the post, I liked the idea and thought it's a fun project, so here's My poorly constructed plastic container rig, 4x 7950, 1200W cooler master PSU, 8GB system ram  |
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Also, what's up with the downtime in the past two days, every morning I try to got to bitbet, and it's down.
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If the trend continues, in a year or so, having one "whole bitcoin" would be something to brag about, since it might be worth about $100k.
100k is crazy 10k tops. Maybe more like $3k Still there could be a fall or a stagnant period. Maybe only $200 by the end of the year. But I'll take that. I'm convinced nothing is too crazy now in cryptocoins. I bought 50k LTC at $0.05, and then sold all at $0.25, I thought $0.25 was crazy high. How wrong was I? |
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Hmm?
You spent 7 BTC on house bets, you won 5 BTC. Not the other way around (unless your numbers were wrong).
There's some confusion at work, let's dispel. The expenditure house bets line lists the total house bets made during the month. This happens every time someone introduces a new bet, because the house finances it. The revenue house bets line lists the total won for house bets made at any prior point just as long as the bets were settled this month. Because of this expenditure above simply contributes to the downline of further months: if someone makes a bet in March that expires in May then a .1 BTC charged by the house in March will perhaps turn up as revenue in May. The statistical expectation is for the house to win ~50% of the bets it makes, by value. The remainder goes to pay the people putting bets in. This is by design, what they call a loss leader. Yes the house bet a great feature, this was one of the reasons that made me move from betsofbitco.in to bitbet (fast resolution was the other reason). But as a shareholder of s.bbet, I feel the house take percentage is a bit low. Compare with betsofbitco.in's 5% house take, I feel you are leaving money on the table. I think it is in the interest of the shareholders to gradually increase the percentage to at least 2% or more. |
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It's still dirt cheap compared to credit card or paypal processing (something like mandatory $0.25 + 2% or more). Miners have to be paid with fees pretty soon, after the next halving, the mining reward from fees will be very important to keep miners on board.
pretty soon as in 2140? I would say: yes reduce them. Prize has trippeled over the last month, on a similar level, Transaction fees should be lowered to 1/3 of the original value so the worth of the transaction fee stays the same. Miners will still get paid an equal amount in value so i don't see why that is an argument to not do it. similarly, if we reduce the transaction fee according to bitcoins worth, spam protection will stay the same, as the serious spammer will still have to invest the same amount of value to spam. By not reducing the minimum fee we are slowly taking away one of the advantages of bitcoin. No, pretty soon as in next halving. 1800 BTC per day production isn't going to keep enough miners interested, but the fees will. if you want security, you pay the fee. Better security increases the value of your own BTC. |
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1. It was possible to change the id in a URL and see another users encrypted key. That is now fixed.
You're an idiot however, and that's not fixable. Who codes like that?! +1 |
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Simple solution, pay the transaction fee, and stop expecting a free ride.
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given the current rise in the BTC exchange rate, the BTC transaction fees MUST be reduced NOW! JFC!!    It's still dirt cheap compared to credit card or paypal processing (something like mandatory $0.25 + 2% or more). Miners have to be paid with fees pretty soon, after the next halving, the mining reward from fees will be very important to keep miners on board. |
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I am just hoping Gox is scaling up their hardware & software to handle the incoming load. The worst possible thing to happen right now would be for their platform to crash. It happened to Myspace, Facebook and many other sites from early rapid adoption. Anyone know what their back end is written in? Hopefully it is C++ or Java and not PHP.
You called it like a boss! 26K BTC to hit $400. 400 x 26k is $10 million. Not that much considering their are 10,000 accounts waiting to be verified at Gox that could easily bring $20 million.
Yes, the ever growing line at MtGox is another bullish signal. ALSO: Everyone else pronounces it Mount Gawx, right? Some turd on NPR this morning said Mount Gee Oh Eycks. I want to make sure I'm not crazy. That's how I say it, especially when the Gox lag sets in and I yell at my PC.... "Dammit.... I got Gawxxed again!" Rumor is the name comes from: Magic The Gathering Online eXchange - lol That's not a rumor, it's a fact. The exchange used to be a site for trading MtG cards, then it was acquired by Tux, then that card trading business went south, but Bitcoin was on the rise, so Tux changed the site to trade Bitcoins instead. Why did you think Tux's ID is " MagicalTux" |
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26K BTC to hit $400. 400 x 26k is $10 million. Not that much considering their are 10,000 accounts waiting to be verified at Gox that could easily bring $20 million.
Yes, the ever growing line at MtGox is another bullish signal. ALSO: Everyone else pronounces it Mount Gawx, right? Some turd on NPR this morning said Mount Gee Oh Eycks. I want to make sure I'm not crazy. I call it "Mountain Gawx"  Because I see Mt as short for Mountain. Like Mt Everest, which coincidentally is what the recent price charts are beginning to resemble. Why don't you call it by its proper name? Magic the Gathering Online e Xchange. |
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If the trend continues, in a year or so, having one "whole bitcoin" would be something to brag about, since it might be worth about $100k.
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About to assemble my first rig. I'll call it the TacoMiner, as a tribute.
Last question : can I use a flash drive instead of the SATA HD ? I want to start with a windows system first though, I need to study up before I can use the linux command line interface.
No, you can't use a flash drive for installing windows. You can only do that with linux. |
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Guys yesterday was April 1st, it's most likely a april fools joke that MagicalTux thought up. I don't really believe mtgox will support LTC or NMC. It's Japan, man. They use the metric system. They wouldn't know what the fuck April Fools is. I'm Chinese and April Fools day is pretty big in China. Also mtgox is entirely run by non-Japanese people, MagicalTux is American. It would be pretty unprofessional for an Exchange that serves the entire world- many cultures and traditions to pull a prank like that. Oh bigger companies has done worse pranks on April fools day. Google announced "youtube shutdown" for april fools. Do you think it's coincidence that he post support for LTC on April 1st of all the days, on a IRC channel? |
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Guys yesterday was April 1st, it's most likely a april fools joke that MagicalTux thought up. I don't really believe mtgox will support LTC or NMC. It's Japan, man. They use the metric system. They wouldn't know what the fuck April Fools is. I'm Chinese and April Fools day is pretty big in China, what does this has to do with metric system?. Also mtgox is entirely run by non-Japanese people, MagicalTux(Mark Karpeles) is American. |
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Guys yesterday was April 1st, it's most likely a april fools joke that MagicalTux thought up. I don't really believe mtgox will support LTC or NMC.
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Ok cool
Whats Coblee's real name?
Charles Lee, he got master CS degree from M.I.T |
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16es58hMB2Hyea2yqT8BXZHsQzNta1tZMJ
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Tux stated they were DDOSed - so yea, take that with a grain of salt.
DDoS by the influx of new users perhaps, their unverified user queue stand nearly 6000, which itself is a joke. |
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How can it be, that mtgox makes over $1 million USD per MONTH, and can't afford to hire competent server admins and buy good hardware to run their site?
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