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161  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: March 10, 2014, 07:37:12 AM
I think my offer at least added some good karma to the mix, because everything confirmed about 10 minutes after I had said that.   Cool  Yes there is still an hour left before midnight so we won't be taking that loss  Grin.   We are determined to keep that Sunday guarantee, and that same type of delay won't happen again.
Best service
Well Done! Thank You!
162  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: March 10, 2014, 04:32:47 AM
Hi,
i registered under customer #: 2407
i received the payouts for both my 5Gh & 11Gh. But its been staying as unconfirmed for the past 4hrs with 0 confirmations.
Even the blockchain explorer doesn't show the transaction and my address is shown empty at the explorer
163  Local / Mining (India) / Re: Your Inputs Required on: March 08, 2014, 05:09:42 PM
don't go for the 270x. If you are building with only one 270x due to budget itsensible. Instead of buying 8 270x, go for 4 or 5 280x. you'll getting the same hashpower with only one rig. you'll save by buying only one M/B, processor and other stuffs except for the power supply which you'll 1500 for 4 280x build and 1800 for 5 280x build
164  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NDL - The coin for Pastafarians - Flying Spaghetti Monster Cryptocurrency! on: March 08, 2014, 03:28:02 AM
I had so much hope and belief in this coin. i had to sell 5million at 5 latoshi and still sitting on 9mill.
165  Local / Mining (India) / Re: R9 290 Tri-x OC hanging issues on: March 08, 2014, 03:22:29 AM
Have you tried these settings ?

Code:
-I 13 -g 2 -w 256 --thread-concurrency 8192 --gpu-powertune 20
those are the setting for R9 280x. we are talking here about R9-290
166  Local / India / Re: So i decided to build a few open air frames. on: March 08, 2014, 03:07:07 AM
Great work..

Hope you guys built a case which will beat the dopamine 6 GPU case in style Smiley

http://www.pcworld.com/article/2099945/meet-dopamine-the-6-gpu-case-designed-for-bitcoin-miners-and-pc-enthusiasts.html


never saw this before
looks great. gives me some idea for my closed frame build. I think the hanging down setup for the gpu might work
167  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZEIT] ZEITCOIN -- 5 EXCHANGES POW/POS 11 Ghs Nethash on: March 07, 2014, 01:15:50 PM

In wiki i read "Proof-of-stake is a method of securing a cryptocurrency network through requesting users to show ownership of a certain amount of currency."


Yes POS helps is a better method for securing the netwok because it is more resistant to 51% attack. In a POW minting , if one node has 51% or more of the network's hashing power, it can possibily perform a 51% attack.
But to perform a 51% attack in POS system you'll need to have 51% of the total coins in circulation, which is highly impossible. In this case one needs to have more than 50billion coins to do a 51% atttack.
168  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZEIT] ZEITCOIN -- 5 EXCHANGES POW/POS 11 Ghs Nethash on: March 07, 2014, 01:10:09 PM
noob question:

What does PoS mean?  Huh

thanks

PoW: proof-of-work, mining, will stop after 6 weeks
PoS: proof-of-stake, minting, coins are generated without mining based on the amount that you have in your wallet (for at least 20 days in this case)


When you say "proof-of-stake, minting, coins are generated without mining based on the amount that you have in your wallet" you mean that i will have some extra coins added into my wallet without doing nothing at all, just for keeping the coins for at least 20 days?

In wiki i read "Proof-of-stake is a method of securing a cryptocurrency network through requesting users to show ownership of a certain amount of currency."

Sorry for my stupid questions but i cannot find someone to explain this to me.

Regards

Actually its both.
actually POS is also a way of minting. but it doesn't take any of the cpu or other hardware's power.
POS is a method of mining blocks called stake-blocks. In this case after 20 days a transaction is recieved, that transaction becomes eligible for POS minting. So instead of using the hashing power of your hardwares the POS minting uses the no.of coins and coin-age of that transaction to mint the Stake Block. The reward also depends upon the no.of coins and coin age, meaning  when a transaction mints a Stake block it calulates the stake percentage for the transaction for the un-rewarded coin-age. In this case you'll recieve an average of 25% p.a during the first year
169  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZEIT] ZEITCOIN -- 5 EXCHANGES POW/POS 11 Ghs Nethash on: March 07, 2014, 10:20:01 AM
So i decided to check the block finder option at my pool
It shows that i've found 3 blocks and generated 2.3mil coins. but my total share at the pool fom day1 is only 800k  Cry
170  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZEIT] ZEITCOIN -- 5 EXCHANGES POW/POS 11 Ghs Nethash on: March 07, 2014, 10:14:27 AM
I believe zeith has more potential than the 2satoshi value. now its beeing dumped by the daily profit miners.
I'll wait till all the coins are mined and see how the price reacts then

This is basically a POS coin. so the longer you hold the more you'll get
171  Local / India / Re: Nakamoto Found - Its Real on: March 07, 2014, 10:02:02 AM
Ok so far we can't confirm Dorian Nakamoto was the real satoshi.
I know this thing might have been discussed else where but i start wondering why Satoshi created bitcoin in the first place and left the community all of a sudden.
If he was skilled enough to hide his identity when was live here at community, he could have stayed that way and could have guided us in a steady path.
172  Local / India / Re: Nakamoto Found - Its Real on: March 07, 2014, 02:48:14 AM
i think Gavin Andresen kinda confirmed the news at twitter
173  Local / India / Nakamoto Found - Its Real on: March 06, 2014, 05:37:30 PM
http://www.bloomberg.com/news/2014-03-06/bitcoin-creator-said-to-be-found-as-enthusiasts-regret-unmasking.html
https://twitter.com/gavinandresen/status/441547758827474946
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html
http://video.cnbc.com/gallery/?video=3000253071
174  Local / Mining (India) / Re: test mining rig on: March 06, 2014, 03:25:56 PM
Can't really say if that 450watt is good enough unless you can tell us what brand it is.
You should probably get a decent seasonic unit. They are expensive but they are super high quality at the same time and can last for years and years.
no its just a corsair vs450. cost me Rs.2200
175  Local / Mining (India) / Re: need advice for a new gpu on: March 06, 2014, 03:12:56 PM
2BTC investment scenarios-

3x 280x - 12$ a day with 2250Kh\s.
cex.io - 8$ a day with 100Gh\s
Pbmining - 20$ with 225 Gh\s

when using gpus you must take into consideration the electricity costs and also real-world difficulties of managing a mining rig and also the lifespan of the cards.
I'm not saying cloudmining BTC is the most profitable way. all i'm suggesting is it is the best option for you right now till you are ready to buy yourself a descent card
176  Local / Mining (India) / Re: need advice for a new gpu on: March 06, 2014, 02:58:14 PM
is ghash.io profitable in the long run?

Lets say I invest like .24 btc(10k inr) and buy 12 ghash with current rates.
I'll get close to 30$ a month in the 1st month.
Then that will lower to about 25-26 to in the 2nd month and so on
It will take about 6-7 months to regain the btc.

But if I go with scrypt it will only take about 3-4 months to get an ROI but the problem is that the profitability could go down at any point.
Pretty risky stuff for a kid like me lol.
Ya that's right difficulty can go up any time.
what i suggested was you could use their service for 2-3 months. earn both ways by mining with you current cards and also with cex.io. then sell out your Ghashes and buy yourself a descent card like a 280x
177  Local / Marketplace (India) / Re: 1 BTC = 400 $ - Sale on: March 06, 2014, 02:53:12 PM
the OP may or may not be scamming. but the deal feels unsecure.
i think we can earn safely by buying Ghahes at http://pbmining.com or at any other cloud miners
178  Local / Mining (India) / Re: test mining rig on: March 06, 2014, 02:26:04 PM
450W PSU - This won't run anything. You'll need at least a 600W PSU for the 280x. Buy a 800W if you want to use 2 of them.
Expect to use 250W - 300W per Graphics card and 150W for the system.

450w is good enough for a single r9 280x

I've one rig running these below on a 450W PSU
Intel DZ75ML-45K MotherBoard
Intel i5 3330
Vengeance 2 x 8Gb
Intel 60GB SSD
seagate 1TB HDD
4x 80mm Fans
179  Local / Mining (India) / Re: Anyfrom from India have purchased any Cards from here? on: March 06, 2014, 02:11:41 PM
You don't need to crossfire while mining, and you can mix and match. The settings for each card can be put in separately in cgminer.
No issues with putting in a 280x and a 7950.

Wow, Really? Im just about 1 week old miner, mining with single 7950. So i still dont know how to set up with 2 or more cards.
So you mean just connect 2 cards to mobo and leave it? and cable from the monitor can be connected to any one of them?
And can i control each card separately? like say fan speed, clocks?
u need dummy plugs attached to all cards
see here
for hardware setup - http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-hardware/
for dummy plug - http://www.overclock.net/t/384733/the-30-second-dummy-plug
180  Local / Mining (India) / Re: need advice for a new gpu on: March 06, 2014, 01:47:03 PM
I was wondering the same too but still cant figure out the best price to performance.
Maybe I'll get a 6950 for 14k and unlock it into a 6970(480khash)
6950s are great. but i'd rather put my btc in https://cex.io or http://pbmining.com and buy some Ghash. you would be getting the same income as mining scrypt.
so after a couple of months you could buy yourself a r9-280x from the income you accumalate from your scrypt-mining with your current cards and cloud-mining.

if you follow this advise, there are a few things you should consider.
cex.io will cost more than double for a Ghash than pbmining. but at cex.io you'll get instant pay out after block confirmation and you could buy additional Ghash with that on the go and also you have the advantage of selling your Ghash if you need Btc.
At pbmining it will only cost 0.0089BTC for 1 Ghash. but you'll be paid only at every Sunday and also you could buy only in multiples od 1Gh\s, but whereas at cex.io you could buy fractions of a Ghash.

Believe me this will seriously work
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