Mining is intended and designed o be lower and lower and lower profit. The whole point is that we don't want to waste money paying inefficient people to inefficiently secure the network. We want/need it to be secured as efficiently as possible and as securely as possible.

There are only so many coins minted per block per chain, and if you go on spamming the world with more worthless insecure chains of course they are worth less and less and less. However many coins are minted per day has to be divided up among all the hashes mining them, so every tiem you add a new rig you are making every existing rig earn less coins.

You can make more shit pies so there is more pie to divide but shit pies just aren't as good a product as some other kind of pies so at some point no one will care how many shit pies you have they will want you to go away and stop throwing shit pies at them, instead of going like oh wow a whole shit pie how much do you want for that?

-MarkM-

There seems to be no effective support at BTER.

I cannot withdraw bitcoins, I cannot even cancel offers because they only list a tiny few of my offers, only the few I entered most recently, whereas the ones I would want to cencel would tend to be the oldest ones.

They do not even acknowledge support emails let alone act on them or answer them.

Many other threads have been popping up lately about problems on BTER and the lack of support.

-MarkM-

Do we have enough volume to spread over multiple exchanges without the volume at each being thereby diluted?

One exchange with good liquidity and good rep might be better than a whole bunch of pump and dump exchanges where basically the only activity we'd be likely to see would be the pump and dump people trying to screw around with the exchange rates etc?

-MarkM-

Aren't there any Chinese Bitcoin exchanges that might maybe consider just adding a few strong coins like maybe NaMeCoin, IXCoin, DeVCoin ?

Heck even if they also include Litecoin that is not too awful as it does at least seem to have maybe up towards half of the GPU/FPGA power though not sure it has over half even now...

I would much prefer to get onto a reputable exchange that is very very conservative about what to list than just another scam of the day exchange.

-MarkM-

Maybe you didn't pick the right coins.

I mined Protoshares for a day or so when they first came out, their difficulty climbed so fast that it didn't seem worthwhile after that but the Protoshares I mined then are worth a lot more now than the same amount of hashing would have normally made that day.

And a heck of a lot more than I could have sold them for that same day, too, I think?

But wasting hashing power on the kind of scams that exchanges like Cryptsy specialises in - the scams of the day, basically - seems like peanuts compared to those few occassions when one has a chance to get something long-lasting at a low difficulty.

-MarkM-

No idea. I merely used it because CAvirtex would only let me take $3000 per 30 days out to my bank but allowed $20,000 per 30 days to Payza.

However, after a couple of usings of payza to do that loophole, suddenty Pazya changed their mind about my account with them being verified (it dated back to when it used to be AlertPay), and wanted proof I do business as Digitalis Data Services and so on. I finally convinced them to just drop the DIgitalis name if they don't believe in it and treat it as a personal account, which they seem to have done, but last I checked my request to have them send to my bank was three days old and still not acted upon. So maybe that loophole won't work anymore.

Meanwhile CAvirtex upped my validation at their end so they now allow me to take out up to $25,000 per day to my bank so I won't need to use Payza anymore once Pazya sends the money of mine they already have to my bank. If they ever do.

-MarkM-

So what kind of passports or drivers license or whatever do you plan to use to try to not count people who have thousands of wallets that send "transactions" back and forth between them just to create fake "activity" ?

-MarkM-

DVC went up through 193 Satoshis per coin a while back; its previous highs had been higher, well over 200, once even over 300.

These low periods are great because as it goes lower and lower it eats up the lowball buy offers, providing nice cheap coins to put back up on the sell side as nice highball offers waiting for the next upward wave.

-MarkM-

BTER has all kinds of problems lately it seems. Such as no withdrawals.

Also it seems to be one of the scam-of-the-day exchanges, do we want to be thought to be just another one of the daily scams?

-MarkM-

First off, write a good well written detailed whitepaper detailing exactly how your idea will work, the exact algorithms it uses, links to field studies and related papers that show your expectations as to what the results of your various algorithm choices and magic numbers and so on will be, all the usual stuff...

-MarkM-

Knowing how it would work and knowing how to implement it are the same thing.

If you don't know how it can be implemented then you basically do not even know whether it is possible/feasible.

I know how letting people personally fly could work: sprinkle them with fairy-dust.

How to implement that fairy-dust? Who cares? That is someone else's problem...

-MarkM-

Probably not.

From other posts over the years I have the impression that Paypal does not refund money that Paypal cannot seize.

If the scammer has no money in their Paypal account, having already taken it all out, I think Paypal just goes like oh well too bad there is no money to refund you...

-MarkM-

Huh? Isn't this already do-able between any two blockchains simply by proper construction of transactions?

I thought there are already fully details blow by blow discriptions of how to do this, on the wiki.

No third party blockchain is needed, you just use the two blockchains you want to trade between and construct transactions in a certain way in a certain order?

-MarkM-

I merged mine BTC, NMC, DVC, GRP, IXC, I0C, CLC and XGG all at once, it is easy using p2pool.

For latest valuations of such coins see http://galaxies.mygamesonline.org/latestrates.inc

It is structured as an include-file for shell scripts to make it easy to use it to compute current value of a portfolio or current profitability etc.

-MarkM-

Ha, this desktop is running Fedora 17, with Gnome 3, albeit in the tuned down mode that makes it try to look more like Gnome 2.

When I visit that page it tells me right at the top of the page

"We cannot detect a running copy of GNOME on this system, so some parts of the interface may be disabled. See our troubleshooting entry for more information."

In theory I can run some other windowing manager such as KDE, which I might actually find I like better since I have never liked Gnome 3.

But in practice I have been trying to get all my machines as raw out of the box standard as possible, so as to minimise the amount of setup needed each time I set up a new box and so the live boot disks work just like the ones that have the O/S installed to hard disk.

It is quite annoying that they insist on coming out of the box broken by design.

I would almost be tempted to figure I should move to Ubuntu since that seems to be the new standard "everyone" is using, but I hear that now comes totally infested with spyware by design so that is right out.

So far none of the extensions packages mentioned seem to exist for Fedora, maybe they just bundle them differently into differently named packages I am not sure yet. I need to get my country house re-wired and get out there, then I will have space and electricity to screw around with trying to find a usable setup to switch all my machines over to.

What is going on with the checksums thing that is going to break all existing assets, server-IDs, nyms, accounts and so on? I do not think setting Grandma up for having to do a big migration of all her nyms and accounts and so on is a good idea, if that stuff has to go in it should probably go right into Grandma's client from the start else we are just setting her up for a huge amount of work she will end up having to do to upgrade to the next version at some point, work that probably isn't really the kind of stuff we should expect Grandmas to do...

-MarkM-

Huh? GeistGeld is like 10 seconds or 15 seconds or 20 seconds or something like that isn't it?

-MarkM-

Actually I think you can?

I have never tried it but there seems to be a trust system, you could put negative trust, explaining they are a blatant liar thus nothing they post / write / say can be trusted.

-MarkM-

If people want to dump their devcoins down at 28 satoshis per coin or whatever instead of placing sell orders up above 100 somewhere so that they will end up getting sold when the price goes back up (as it has kept on doing over and over again) that is their loss. Unfortunately it is maybe also a punshment for being poor, because maybe if they desperately need to cash out right then to feed their kids or something it ends up being the poorest folk who sell for the lowest prices, the relatively well to do or rich can afford to just keep piling up more and more sell orders at higher and higher ask prices until the next upward spike in prices comes along.

I have more and more and more buy orders building up at the lower prices so I am kind of hoping the dumpers want to dump lots of coins for my already in place buy orders to pick up cheap for me. Eventually I hope to have enough buy orders in place at all times to absorb a full round's worth of minted coins, then someday enough that even if everyone dumped all their coins they would all get bought up, half for a satoshi each, a quarter for two satoshis each, less for three satoshis each, even less for four satoshis each etc...

-MarkM-

Didn't they start mucking about with the interest rates a while ago?

Having some central authority muck about with interest rates is one of the things that seemed nasty about fiat, so when I heard Novacoin was doing it too that pretty much ruled them out for me. What will they mess with next? Basically they changed the minting of coins covenant.

Would you still trust bitcoin if bitcoin changed its minting rate? How about if they change it then also plan to change it again?

-MarkM-

Why are you a blatant liar spamming the forum with pathetic lies?

-MarkM-