As some are aware after some financial problems and a hacking incident ozcoin's BTC service is apparently not in service. According to the latest update on the their IRC channel all continued BTC mining is being taken as donations.
I thought some people might appreciate this being made more visible.
(And perhaps— take the moment to remind people that Solo mining and P2Pool don't carry systemic risks of central pool operators getting hacked; and that pools that do coinbase payments generally have less theft exposure then other kinds of centralized pools)
Just to explain a bit more for new miners, solomining has another completely different risk - much greater variance - which may also see you not get paid if you have a low hashrate and the network continues it's current rate of expansion. p2Pool may not be an option for some miners - I know with my network there's no way I'd have a low enough latency. Coinbase payments though, that does seem like a good idea regardless of the 100 block wait time - are there any pools besides proportional (Slush) and PPS var (Eligius) that do this? is it a satellite connection? i get 200+ms latency to my server.. sure, there's a lot of dead shares, but efficiency still 110%+ usually from lack of orphans |
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yes http://nogleg.com:9332/static/graphs.html?Weeki have to reset a couple of times a week (btw, ppl that have maxblocksize set to 1000 or something, make it at least 5000 so you catch those transactions with abnormally high fee, eg the 33 btc block lenny solved only needed like 2000 maxblocksize) |
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+1 to luke.watson
Got msg, agreed to an amount, payment was sent (he was buyer & payment was sent first).
Took about 10 minutes. Great deal, thanks.
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oh, I'm firm on those prices... if I don't get an offer on 'em within 7 or 8 hours, I'll just split it up myself to sell on eBay
(bioshock + tomb raider alone are like $55)
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Never Settle Reloaded bundle. It says that the Far Cry 3 code will be emailed to the address used to register with when it is released. Bioshock & Tomb Raider steam codes would be sent immediately. The AMD Unique ID is submitted on the http://www.amd.com/neversettlepromo site to obtain the Steam® Key Codes for BioShock® Infinite and Tomb Raider™ and the Ubisoft® Uplay Key Code for Far Cry® 3 Blood Dragon. The Steam Key Codes are redeemed at www.steampowered.com/getsteam and Ubisoft® Uplay Key Codes are redeemed at http://shop.ubi.com/amdfarcry.(further down, but contains some more info) To Receive Key Codes: An internet connection is required. Upon receipt of the AMD Unique ID, Participant should visit www.amd.com/neversettlepromo, input the AMD Unique ID (referred to as a “Unique ID” on the website) and the other required information, and submit the web form. THIS WEBSITE MAY BE PROVIDED IN ENGLISH, JAPANESE, KOREAN, GERMAN, ITALIAN, FRENCH, AND SPANISH ONLY. Participant will receive an email from Rayment & Collins (noreply@amd4u.com) at the email address provided on the web form which contains the Key Codes. If Participant does not receive the Key Codes via an email from Rayment & Collins within seven (7) days of supplying the AMD Unique ID on www.amd.com/neversettlepromo, the Participant should contact support@amd4u.com. I have never heard of Uplay, so I dunno if the Far Cry code is just for Uplay or works on Steam as well, don't play many games (uh, I have a total of two on Steam). The bundle sells for an average of around $37 on eBay over the last week, but I'm sure I could list it buy-it-now and get $40 for it (I see three buy-it-nows sold at $42, $55, and $45 within the last 48hrs). Yeah, that'd be like $35 after eBay fees... which is why I'm trying to sell it here. Anyhow, I'm looking for either $40 in BTC or I'll take a $39 MtGox USD coupon code instead (as I'd avoid the 0.6% commission and not have to deal w/ the hassle of fluctuating prices). I'd want the MtGox USD coupon/BTC first, then I'll provide the coupon code for you to enter into the www.amd.com/neversettlepromo site. PM me if interested |
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P2pool LTC weirdness continues.  First, no block for 6 hours, from 13:29 UTC till 19:42 UTC, but whatever, let's say it's just bad luck.. but now again I've got 2 "mined" transactions in my wallet that aren't listed in the p2pool history at all! The last 2 LTC blocks found by p2pool so far were mined at 20:52 and 20:56 (all UTC times), it's 23:15 now and there are no other blocks listed in the table yet (I'm also checking other nodes like http://pool.cp8.ca:5555/static/, the tables look identical to my local one). But I've got 2 newer "mined" transactions in my wallet, at 21:31 and 22:45 (UTC). First transaction: http://explorer.litecoin.net/tx/4c761ddb0be73aff8587eb6c3496f9701f40b16ec7a71b9d12dd89e2d9d8cdb0 (21:31, block 337089). Second transaction: http://explorer.litecoin.net/tx/6840634b7e39355fa566eb7e50dc376b1345849bb0c20515958ab6251f38ea26 (22:45, block 337126). And I'm getting ~ the same share I'm supposed to get from a block mined at p2pool which is ~1.2 LTC at the moment, but these aren't listed in the p2pool history. Any idea where they are coming from, is there something wrong with p2pool or litecoin network? something wrong with p2pool probably, since (the litecoin part) reports my bitcoind as being in need of upgrade |
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Zimbabwe is not that small. Its M1 is $12G according to the CIA. That's much more than Bitcoin's monetary base has ever been, even during its all time high. I have a hard time believing this.
The Sealand story is more credible though, as that's a really tiny sovereign country (smallest on Earth?) and its prince seems to be tech-savvy. (they attempted to make Sealand a data haven, for ex.). But still, I wouldn't hold my breath. Let's see.
yeah, run by HavenCo there was some news article I read in February this year that said they were going to attempt to start it up again "later this year" |
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i had a sell order at $70 that I (replaced) after I saw the "crack and snap" on tuesday morning (the break below 54, then immediate retrace). so then I moved it up to $80, which sold about 12hrs later
ed: i don't like leaving unmonitored buy/sells for bitcoins, price changes too much
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Just remember : it doesn't matter how many manipulators out there try to crash this, it only fails if we collectively decide to give up on it. If we keep our faith in it and enough of the currency ends up in stable hands, it means less available for people trying to end it.
What, you think it was worth $250?
w/o the ability to short, there is a key moderating factor for these BS spikes missing
I'm new to this and can't even off the top of my head work out what your post means. (thanks if you can explain a bit though.) I'm just certain that there's groups out there trying to cause problems, and I don't think the currency should naturally be this volatile. Eh, patching this together from old thread. It means that if there was a reputable exchange (MtGox, Bitfloor, Bitstamp come to mind) that offered the ability to short Bitcoins then there would be a lot more sell pressure on these huge spike ups. Shorting would essentially be you borrowing bitcoins from the exchange in hopes that they would drop in price. So then if everything went well, you'd 'cover' your position (buy back the borrowed bitcoins) at a much lower price. If they dropped from $100 to $50, you'd make $50 (minus commission fees) for each bitcoin you borrowed. If you had $1000 in your account and shorted 200 bitcoins at $100 and they went up to $105 (these numbers for simplicity's sake), then the exchange would forcibly cover your position, so that you'd be damn near $0 and they wouldn't lose any money on the deal... that is, if it was working properly and not lagged 10 minutes behind... in such a case, all sorts of shenanigans could ensue w/ how volatile the bitcoin price is. (well, there's also the short squeeze. i guess on some bizarre spike to $250 that takes place over such a short period, it might cause it to go even higher) |
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Hi All, Im trying to set p2pool server but it seems that it is not working at all.... Shares and Payout always set to 0. Am i missing something ? Ideas? p2pool log: 013-04-14 08:40:17.904862 > ######################################## 2013-04-14 08:40:17.905458 > >>> Warning: (from bitcoind) Warning: this version is obsolete, upgrade required 2013-04-14 08:40:17.905888 > ######################################## 2013-04-14 08:40:17.906335 P2Pool: 17333 shares in chain (8687 verified/17334 total) Peers: 6 (0 incoming) 2013-04-14 08:40:17.906670 Local: 103kH/s in last 4.6 minutes Local dead on arrival: ~2.7% (1-5%) Expected time to share: 8.4 hours 2013-04-14 08:40:17.908512 Shares: 0 (0 orphan, 0 dead) Stale rate:  Efficiency: Current payout: 0.0000 LTC 2013-04-14 08:40:17.908934 Pool: 389MH/s Stale rate: 21.7% Expected time to block: 54.0 minutes i tried setting it up with litecoin just for kicks and get the same thing myself. 04/17/13 00:50:31 received block cf325cc26a3570e6338c 04/17/13 00:50:31 SetBestChain: new best=cf325cc26a3570e6338c height=335883 work=26545242345195032 date=04/17/13 00:50:23 04/17/13 00:50:31 SetBestChain: 46 of last 100 blocks above version 1 04/17/13 00:50:31 ProcessBlock: ACCEPTED this is what causes it in the litecoin src // Check the version of the last 100 blocks to see if we need to upgrade: if (!fIsInitialDownload) { int nUpgraded = 0; const CBlockIndex* pindex = pindexBest; for (int i = 0; i < 100 && pindex != NULL; i++) { if (pindex->nVersion > CBlock::CURRENT_VERSION) ++nUpgraded; pindex = pindex->pprev; } if (nUpgraded > 0) printf("SetBestChain: %d of last 100 blocks above version %d\n", nUpgraded, CBlock::CURRENT_VERSION); if (nUpgraded > 100/2) // strMiscWarning is read by GetWarnings(), called by Qt and the JSON-RPC code to warn the user: strMiscWarning = _("Warning: this version is obsolete, upgrade required"); } so, it's shooting that off since nUpgraded > 50 i'm running the latest version of litecoind i edited that part out of src |
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Why Do We Tolerate The Banks Printing Money ?
because i don't want to bring 2 goats to walmart whenever i want to pick up some electronics re: the sign about coins... there's actually pretty good money to be had if you have a teller friend or something at a bank. get all their rolls of half dollars, you should make around $50 an hour if you know what you're looking for (** and the stuff hasn't already been picked through by someone knowledgeable) |
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Do view my thread on the theory whether BC are a pyramid-ponzi or not. But the USD is certainly not. It is constantly printed and is directly correlating in the best case scenario to increase in economic output. BC mining is not remotely correlating to any real world event and are mined out of thin air. But if this service becomes the "only viable" service in its market say by gaining monopoly status (60% market share) in the anon-currency world and maintaining it then as a service it can be valued at this price or even higher. That's the only question. Those investing in a "deflationary currency" are greedy individuals (we all got it a bit) trying to make money out of no produce and are thus contributing to a bubble which the actual users do not want. Frankly all you folk into this and gold and silver and so on aren't doing anyone any good. You're basically storing up funds instead of investing them back into the economy more or less hoping that everything else goes to hell. You're hurting america  The difference is that since BC depends on commerce things aren't quite the same. USD is printed without any effort, so essentially it worth nothing when the gold backing has been removed since 1971. Before, you can always exchange USD for gold at central bank so it has value. This is a critical point that most people do not understand or don't know Since then, the value of USD is purely decided by people's consensus (like: if everyone believe it worth a cup of milk, then it worth a cup of milk), this also showed how a consensus can hold value for something for decades, even the fundamental support of value is removed But the biggest question is: If that USD cost nothing to produce, how come central bank could use that nothing to buy something that has real value This against any trading/bartering principle in the world. Again, the consensus (people's trust) are utilized by central bank BTC on the other hand, is created by using modern processor and electricity, and that cost basically decided its base value, so each BTC worth something from the beginning. This is a fundamental difference It's just BTC is new and people have not reached a consensus about how much a BTC should worth, it takes time to do this price discovery In some people's opinion, you should totally forget about fiat scam and start to trade real goods and services for bitcoin, in this way you give it a value BTW, it is not always a good thing to invest, all the investing is just a waste of resource when effective demand is low lol, USD is printed w/ plenty of effort to thwart counterfeiting. let's just bust out the monopoly money, right? the value of the USD decided by people's consensus... sounds like some sort of utopian community. how come central bank could use that nothing to buy something that has real value This against any trading/bartering principle in the world. luckily we don't live in the stone age anymore.. most of us, anyway. i suppose some people still trade camels for harems and what not |
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Just remember : it doesn't matter how many manipulators out there try to crash this, it only fails if we collectively decide to give up on it. If we keep our faith in it and enough of the currency ends up in stable hands, it means less available for people trying to end it.
What, you think it was worth $250? w/o the ability to short, there is a key moderating factor for these BS spikes missing |
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Are we seeing a stable state?
Oo, I'm not going to let my greed get the best of me and short.
Ok... Maybe a little.
Where? What credible exchange allows you to short? Just borrow some coins  OK, so no credible exchange allows you to short then. I'm sure some random chump is going to 'borrow' me a few hundred bitcoins Bitfinex.com Bitfinex Terms of Service Terms and Conditions This platform is currently in Beta. Although we did implement already the security measure mentioned in the FAQ, you should understand that you should not invest more than you're can afford before we declare this service LIVE. doesnt inspire much confidence. after it's live, i guess that means I can invest more than I can afford? |
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Are we seeing a stable state?
Oo, I'm not going to let my greed get the best of me and short.
Ok... Maybe a little.
Where? What credible exchange allows you to short? Just borrow some coins OK, so no credible exchange allows you to short then. I'm sure some random chump is going to 'borrow' me a few hundred bitcoins |
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Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong. Translation: I bought at $250, cried on the downturn, did not sell and try to recoup my losses via trading lower, and am now trying hard to convince myself that I will someday recover my investment. When the market dips even further, I will declare bitcoin is permanently dead and sell my holdings for a 95% loss. No more than five minutes later the price will triple in recovery, and I will watch incredulously, telling myself that I was right about it being dead, and there's no way I could buy back into something that risky again. After it has made at least a 2000% gain from the bottom, I will then buy in again with dreams of overnight riches. How'd I do?So the answer on a downturn is to lower your avg buy-in price by buying more? Good way to go bankrupt |
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Are we seeing a stable state?
Oo, I'm not going to let my greed get the best of me and short.
Ok... Maybe a little.
Where? What credible exchange allows you to short? |
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So, if it is running 75 °C, no need to worry, right? Manufacturers of these cards claim that high endurance on high temperatures, but I guess they didn't analyse it in BTC mining with loaded all the time. You know some games are running above 80 °C all the time, but this loading may slow time to time. Should we mimic the same procedure to slow-down our mining rigs sometime in mining process or should we stay same loading all the time?
If all your GPU sensors are at 80oC or below, I wouldn't worry about it (or 85oC, for that matter) the problem is, a lot of the time you'll run into a crap thermal paste job and while it may say 80oC on the main sensor, one of the others is at 95oC, etc.. Most of my cards run at below 70oC, but I do have a couple that I ran at around 80oC last summer, shrug... |
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If you haven't already done so, could you run an analysis testing whether there are possibly ASICs mining above and beyond what ASICMINER and Avalon have publicly noted?
The pre-ASIC network hashrate was 24500 Ghps and the max total from Avalons and ASICMiner is 32000Ghps. The current total is about 68000 Ghps. That leaves 11500 Ghps, or more (I'm still not sure if all Avalons have shipped or if ASICMiner is hashing at more than the 7Thps on BTCGuild). I don't know if that difference is due to unknown ASIC hashes or not. I can tell when the network hashrate increases in a way that can't be accounted for by the MTGOX price, but if more ASICs were added when ASICMiner and the Avalons came on board, it would be hidden. There hasn't been any such spike in hashrate recently. It could just be that because the increase in price made GPU's viable again, a whole bunch more were added. Sorry I can't be more specific. The good news is that I did just come up with a great band name if any bitcoin mining musicians want need one: ASICMiner and the Avalons. "ooh hash it, hash it real good...." My GPUs have been more profitable the last two months than at any point last year, only 2Q 2011 was more lucrative |
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