I wrote this up over the course of a few hours while I tried to deal with this whole issue.

I thought I might be interested in investing a bit so I threw some into my account. I changed my mind, however. But when attempting to get my funds back, I got the message:

"Amount must be > 1.0"

Nowhere on the site am I warned about this withdraw limit prior to this message.

So I panicked and sent the difference to the account, paying a 0.001 transaction fee because the client told me it was over the size limit.

Waited for the 5 confirmations.

Shit. > 1.0 not >= 1.0

Phew, 1.0005 works because the transaction fee is taken from the total you want to withdraw, not from the rest of the amount in your account (unlike mtgox)

Now it's queued? How long do I have to wait? No information is given. I guess it will be a while.

So due to going through all this and the not-so-well-organized design of the website, I will not be dealing with picostocks ever again.

Accepted... still no activity on my wallet though. There seems to be a lack of information on what these statuses mean. I assume it won't be sent until the status is "done"?

several more minutes and still no transaction activity noted on blockchain.info...

status "busy". Now I have an unconfirmed transaction of 1BTC back to my address. This is finally over.

While I was fixing up this post formatting, a block was found and I have one confirmation. Even better



Anyway, that was my experience.

So this is:

1. A heads-up to anyone to either put in enough BTC to cover both the investment and add 1BTC more so you can get your change back or only send the exact amount you are investing.

2. A request to Tytus. Please either make it clear somewhere that this is your policy or remove the policy. It's not much when BTC was worth $10 each but now I could have over $100 tied up because of the policy.

Math doesn't tell me the future price of bitcoin. I find what you are saying to be likely but I disagree that it is a definite possibility. For example, using Ontario electric rates, bitcoins would have to be $600-700CAD+ each to make a profit mining using most GPU setups. I personally find this unlikely but with Bitcoin, you never know. This assumes an 800TH/s network that I expect optimistically by Nov/Dec.

Did you know that at the current difficulty, CPU mining can be profitable at $290CAD/BTC at Ontario electricity prices? (total system 200W load 1090t doing 23MH/s)

Also, had people mined at the peak of 2011 via CPU and kept the coin, they could sell them now and make 4 times the cost of the electricity in profit. This assumes current-day Ontario electricity rates.

Yep. CPU mining is not worthwhile but I am just pointing out it is not as bad as people make it out to be because typically those people haven't used modern CPU miners.

As a comparison, the Radeon 5450 overclocked will get about the same as the 955... while using 1/10th the power.

edit: just re-read your post.
I also notice you are not at all familiar with CPU models or what a core is. I am not going to go into detail but suffice it to say, My CPU can do 3.9 X 6 = 23.4MH/s minus any inefficiency loss for multithreading (I have noticed there is some in CPU mining). Also, the cores in your CPU and mine are the same. I am indicating that your CPU should be able to do 15.4MH/s minus any multithreading efficiency loss.

Should be in May.

So we can't order from the wordpress site yet? That sucks because the other site doesn't allow me to order to Canada.

I'd like to order one of these from you.

*looks at math did for weekly power estimates for a radeon 5830+system (no more than 250W total) (approx. 1 target period) at current Ontario power rates (comes to 0.0761CAD per KWH after making a weighted average, then accounting for holidays that have a lower power rate. The power ontario website says to use 0.08CAD for averaging but they are lazy with their math.)*

3.20CAD

*looks at income for that one week at current exchange rate at current difficulty level (321MH/s@1GHz)*

rounded down:
0.1259 = 33.09CAD (mtgox)


*calculates % I get to keep as profit*

90%


uhhhh what?


Note: I haven't done much math like that in a while because I mine regardless because I keep the BTC and don't convert it to CAD. Electricity is just the cost of creating BTC that I absorb and I choose how much total I want to absorb monthly, regardless of how much BTC I produce.

Here you go. Then maybe people will teach themselves to use blocking tools.

My GPU running at full tilt in my laptop (radeon 6770m) doesn't significantly heat up the laptop. And this is an HP we are talking about (they have a terrible corner cooling design).

My CPU, on the other hand, running at full tilt would kill my laptop through overheating (i7 quad, 90+*C and throttling when H264 encoding).

My board will not burn if I just run the GPU. Even overclocked to 850MHz, pulling 110MH/s

My actual concern is the longevity of the battery. When I mine for more than an hour or two, I take the battery out.

So you can't generalize all laptops but I recommend making sure the temps are reasonable (GPU-z and core temp - check both as most heatsinks are combined GPU+CPU) and always removing the battery if you intend to mine for more than a little bit.

Then you are using a terribly inefficient and old CPU mining program. I get 3.9MH/s per core of my non-overclocked 1090t.

(I used pooler CPUminer 2.2.2 64-bit.)

The problem is if those subforums start to exist, then it would do the opposite of promote the actual forums of the respective currencies. Technically this is a Bitcoin forum, not an alt-coin forum.

https://chrome.google.com/webstore/detail/gif-stopper/eaebhojnielfeoillcfnbmkgliokndkm?hl=en
https://chrome.google.com/webstore/detail/paused/lineaegmeiendabencimakjagjojcegk
https://addons.mozilla.org/en-us/firefox/addon/gif-block/

etc.

It seems they are looking at projections far beyond 1 year. My projections to August indicate ~26BTC, assuming they magically appear at my doorstep at the next difficulty change tomorrow.  With anything after that being <1BTC/month, slowly declining. I'd have been willing to do 1@20, if I had the coin but I would have considered it very risky. I would have posted 1@10 had I seen this thread before right now.

I guess anything past 30BTC is the "I want an ASICminer device for posterity" factor. I suppose you could push that to 35.

Please, please, please name it this. This is the best name ever. It clearly defines who it is aimed at. Small-timers who want satoshis. In years to come it could become the largest consumer bitcoin miner with regards to volume at a low price and low hash rate.

No md5sum? I wouldn't trust a random post unless the md5sum is the same as the original or we have some way of checking this. Regardless of antivirus.

I wasn't serious about the CPU mining as an option. I was trying to put some perspective. But, as you said, it is better than nothing.

I see what you are talking about with the GPUs now. I see you have been out of the game for a while. You only need one AMD card for 6 monitors. That is usually costly and impractical though. If cost is an issue, you could replace your 3 Nvidias with 2x lower-mid end AMD radeon cards.

like these: http://www.newegg.ca/Product/Product.aspx?Item=N82E16814161402 with a few mini-dp adapters.

I personally have a 6950 and 6450 powering 5 monitors with room for one more if I get anote mini-dp adapter. I even swapped in a 5830 when my 6950 went for warranty and it kept all my monitor positions. Two of the cards I mentioned above with the adapters will support 8x digital monitors. If you get the expensive mini-dp hub adapters, you can go to 12x.

B2 Bomber and Donald Trump reached! Almost hit 3 Billion but then we crashed to under a billion. Looks like I will have more time to find interesting things on that chart.

Nice. But why not make it a bit more universal?

Are you talking CAD? USD? AUD? The $ means different things in different countries.

Lol you could get 15MH/s with that CPU using modern cpu mining software.

As for screwing up monitors by switching to AMD, I don't understand how that could happen.

Try actually reading the original post. I am not responsible for any faulty information from Randall Munroe.

I will not be taking any prices from anywhere except the referenced chart.