Sell that P4 system on ebay. You might even make more selling it for parts. Use that cash to buy LTC :-P
The motherboard broke but I'm trying to salvage the PSU for my ModMiner. |
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The MisNomer is due any day now. My personal PC has broke and I'm waiting for a part for a new one. About buying RSM its own PC well someone has offered us a better lower power Atom for £80 of shares which is a very good deal. So rather than pay £225 for the other one we will pay £80 of shares. We also need a modified PSU to power the FPGA's and I've seen one for $60 but am going to see if I can find a cheaper one first.
Hi, I'm still following this. RSM was one of the first mining "companies" vs. "bonds". In a market that was dominated by bonds, RSM stood up for shareholder value and I appreciate that. I've upped my bid recently and will be looking at buying more. Disclosure: BMF owns 200 shares.Thanks. I bought over 260 shares myself and own around 340. I'm searious about this company that's why I'm pumping my own money into it. |
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I pressed ctrl-alt-F1 to loose the desktop and just have a command line and got 5.81kHs out of the N2800 at 6.5W.
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The MisNomer is due any day now. My personal PC has broke and I'm waiting for a part for a new one. About buying RSM its own PC well someone has offered us a better lower power Atom for £80 of shares which is a very good deal. So rather than pay £225 for the other one we will pay £80 of shares. We also need a modified PSU to power the FPGA's and I've seen one for $60 but am going to see if I can find a cheaper one first.
Hi, I'm still following this. RSM was one of the first mining "companies" vs. "bonds". In a market that was dominated by bonds, RSM stood up for shareholder value and I appreciate that. I've upped my bid recently and will be looking at buying more. Disclosure: BMF owns 200 shares.Thanks. I've checked the tracking code for the ModMiner and it is in UK customs. I'm trying to salvage the PSU out of my old broke PC to power the ModMiner to save RSM some money. The Atom PC has arrived and is well worth paying £80 of shares for. It's the latest generation Atom cpu and the power supply can only give 60w max. So it should save RSM a lot in electricity charges. |
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FYI, at the protocol level, there are only Satoshis, no bitcoins. So moving the decimal place is a simple client-side update. You'll confuse other people, but it's your choice if you want your client to tell you that you have 10 times more than you really do.
You can do that now... m BTC or even µ BTC. Makes me feel better about my balance.  Seriously, to those of you who think "21 million isn't enough", or "micropayments will be too expensive", I suggest you start thinking in terms of µ BTC1 as equal to $1. That puts (unless I've miscounted somewhere) the satoshi at parity with the US cent, and since transaction fees are adjustable down to a single satoshi, and completely voluntary, there's nothing to worry about. You keep bring up this moving the zero nonsense. It would change anything also it will NEVER (I don't mean unlikely I mean NEVER) happen as it is a hard fork on a unnecessary change.
Bitcoin can handle micro transactions just fine. The scenarios describe above are talking about years (maybe decades) down the line. Even if more advances services are built on top the platform is still open and that allows cross compatibility and open free markets for those "gardens". Hardly walled, more like picket fences.
+1. Moving the decimal place doesn't change anything that isn't already easily handled by people familiar with the metric system. And it would seriously futz with the data types in the client. You keep bring up this moving the zero nonsense. It would change anything also it will NEVER (I don't mean unlikely I mean NEVER) happen as it is a hard fork on a unnecessary change.
Bitcoin can handle micro transactions just fine. The scenarios describe above are talking about years (maybe decades) down the line. Even if more advances services are built on top the platform is still open and that allows cross compatibility and open free markets for those "gardens". Hardly walled, more like picket fences.
It wouldn't require a hard fork. Just make the change on the client front-ends. 1 BTC = 10 BTC on the client-side display. No one would know the difference besides the programmers. I think bitcoin would be better off with a very low price but a very high value. Moving the decimal place would help that. |
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I was mining LTC on a Pentium D at 130W just got an Atom at 6.5W that mines at the same hash-rate  |
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The MisNomer is due any day now. My personal PC has broke and I'm waiting for a part for a new one. About buying RSM its own PC well someone has offered us a better lower power Atom for £80 of shares which is a very good deal. So rather than pay £225 for the other one we will pay £80 of shares. We also need a modified PSU to power the FPGA's and I've seen one for $60 but am going to see if I can find a cheaper one first.
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Are UK withdraws working need to sell some coin soon for GBP. Or does anyone know a better and faster way.
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My tracking code has updated Is this the full 840MH/s version. Also does the new ET Bitstream work with this board. |
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I received an email the board has shipped and the supplier has now stopped mining for us. My PC died but I've fixed it so RSM could do with its own dedicated PC soon. I've seen an ATOM PC with three years warranty for £225 that will save us over £3 a week in electricity. So that would mean nearly £500 of electricity savings within it's three year warranty. So if I put half that means it will have paid for itself over four times within its warranty through electrical power costs savings. If it is not suitable for me to use as well as USB mine then RSM will have to pay me back but below the £3 electricity saving a week so it is still profitable for RSM. I will try to get my £112.50 by next week but if I can't get it all I will have to owe some to RSM. As we currently have BTC30.00 = £180 and if we have no PC we can't mine but mine is fixed again so we could hold off until I have managed to save my half if we are prepared to take the risk and pay the extra electricity cost. Also my DSL connection and phone line are down so I'm getting online by tethering 3G I am waiting for an engineer to come out and fix the line.
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Yeah there was a time they stopped being able to purchase gas/electric credit with a debit/credit card and it was cash only but now card purchases have been reintroduced.
edit: there is a way to purchase it online but you have to buy/rent a card reader for your gas/electric card.
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Maybe that hard fork won't be implemented until the transaction fee of 1satoshi is too much then. With bitcoin value set to rise with it being deflationary people are going to be dealing in smaller and smaller amounts of coins so the Tx fee will have to drop and keep dropping as long as bitcoin remains to grow. Or bitcoin market-cap will stop growing.
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You could go to a shop buy £100 of electric for your payment card load it on to your meter then phone Visa and say it didn't work, the cashier did it wrong, or my card broke or I lost my card. So I want a £100 cash refund. Only major forensic monitoring of the electricity meter could prove otherwise. So what is the magic way power company's in the UK can sell non-refundable credits via Visa and Mastercard and bitcoin exchanges can't  Do the power company's just take a loss at fraud or is there something else included with the purchase using a debit/credit card. |
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So bitcoin for micro-transactions in the future is a no go unless you stay within a walled garden. I thought bitcoin was all about being open and zero transaction fees. Those are two of its biggest sellers. Cut them out too early and slow down bitcoin adoption. The whole bitcoin market capitalisation is still under $100Million yet they sound expensive to buy at nearly $10 each and too expensive to transfer for frequent open micro transactions. Revalue bitcoin once it's spent twelve months plateaued over $10 to 210,000,000 coins from 21,000,000 and revalue everyone's wallet by *10 keeping the transaction fee at BTC0.0005. Plus keep doing that until the bitcoin market-cap is worth trillions of dollars and they are mainstream worldwide. So take this bitcoins are worth $100 each and a transfer costs $0.50 yet the whole market-cap is only $1Billion. Sounds like bitcoin would be getting too big for its boots when you look at how many dollars are in circulation in bills and coins. Plus those in circulation as bills and coins are only the tip of the ice-berg.
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In the UK many people buy non-refundable gas(propane/butane) and electricity credit to power there homes. These credits are open to charge backs and fraud too as once you have bought that gas or electricity you could claim you never received it or lost your card. Or have they worked a work around as the gas and electricity company's are so large. If so couldn't an exchange copy |
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Yes bitcoins can be difficult and expensive to buy tho the likes of https://bit-pay.com/ may help merchants who want to tap into the bitcoin market. Maybe if a company offered a way to pay a mercant via your debit/credit card to bitcoins would help even more. |
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Would be good if you could set it to auto mine only when charging to save your battery. Then every time you charge your phone you get some coins but doesn't slow the device down or drain the battery when your using it after it's been charged.
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Looks like I'll have to wait three days for MtGox Barclay's transfers. At least they don't charge 20p.
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I thought of maybe shifting the decimal place so we would end up with 210,000,000 bitcoins instead of 21,000,000 bitcoins and keeping the transaction fee at BTC0.0005 So everyone's wallet goes up by *10. Then we can still easily deal with whole integers called a bitcoin instead of a milliBitcoins once the BTC/EUR/USD value plateaus over $100 a coin.
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