Loans will have 7.5% interest. If you are late paying, late fees will be 5% of the loan (including interest) per day until the debt has been paid off.
After one (1) month of nonpayment, the loan will be considered "defaulted on". I couldn't imagine anyone being more than a day late on this... or else they will definitely default on it. Days BTC Owed 30 1.07500 31 1.12875 32 1.18519 33 1.24445 34 1.30667 35 1.37200 36 1.44060 37 1.51263 38 1.58826 39 1.66768 40 1.75106 41 1.83861 42 1.93055 43 2.02707 44 2.12843 45 2.23485 46 2.34659 47 2.46392 48 2.58712 49 2.71647 50 2.85230 51 2.99491 52 3.14466 53 3.30189 54 3.46698 55 3.64033 56 3.82235 57 4.01347 58 4.21414 59 4.42485 60 4.64609 |
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So I was sitting here reading an article about securing your wallet, and I just started to wonder how many times someone has screwed up and lost their wallet.dat either by mal-intent or self-stupidity.
There can only be 21 million, but how many have already been lost forever? Isn't it possible that someone had 100 BTC in 2010 and then said "meh, this thing sucks" and just deleted the files from their computer? After all, it wasn't worth much back then so why try to sell a meager 100 BTC at that time?
Is there a way to determine how many lost Bitcoins there are?
/end random thoughts
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Hey can you do a .2 BTC loan at least? Will pay back .025 on Friday
Now that is a hell of a deal! I'll take a loan like that any day  |
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I'm getting pumped about this... it's such a great idea  |
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noodlehead registered yesterday and quickly made a beeline to the Lending section looking for handouts. He pretty much sealed his own coffin right there.
How did he get to 19 activity so quick? Looks like I actually have stuff to do at work today, so I won't be needing that loan just yet! Please confirm that you received the LTC from yesterday. Thanks |
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If work is as boring tomorrow as it was today, would you want to do a 0.03 BTC loan for a 1 LTC repay? Let me know! i love gambling at my job |
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If you will take LTC for repayment, I can repay you tonight per BTC-E 1 LTC = 0.03426 BTC 0.03426x = 0.024 /0.03426 /0.03426 x = 0.700525 LTC We call it 0.75 LTC? Sure! Wanted to invest in LTC eitherhow, I'll see this as a small investment =P Oh, I guess I would need an LTC address to send it to ya Let me know. Yeah, sorry, forgot >.> LMykRLfpgRoThNUn1NTd7ffdsfco8W5wU6 Sent! Thanks Status: 0/unconfirmed, broadcast through 8 nodes Date: 7/8/2013 17:39 To: Boelens loan repayment LMykRLfpgRoThNUn1NTd7ffdsfco8W5wU6 Debit: -0.75 LTC Net amount: -0.75 LTC Transaction ID: 2224d7091df87a53dc5d96676c9d9f71cf90b031b09c24ced43e17983a72a030 |
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We will look into if there is an issue. What pools specifically are the issues on I am mining it and have not had a lot of rejects hardly any actually.
Silverwolf's is the one I have been mining on... but it looks like there are strings of like 5-10 orphaned blocks in a row. Solo, I was doing well on Friday, getting 8 blocks in a 3 hour period, with 1 reject. Since then I am shooting about 50/50 in the reject department. Hopping back on silverwolf's pool now and will probably just leave it alone for a few days and see how it pans out. |
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Yeah, I'm done with CAP for a bit. I got 400 to sit on for a while, but pool mining is producing a ton of orphans and solo mining is about 50% rejection rate, so I am going back to LTC for now. |
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If you will take LTC for repayment, I can repay you tonight per BTC-E 1 LTC = 0.03426 BTC 0.03426x = 0.024 /0.03426 /0.03426 x = 0.700525 LTC We call it 0.75 LTC? Sure! Wanted to invest in LTC eitherhow, I'll see this as a small investment =P Oh, I guess I would need an LTC address to send it to ya Let me know. |
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Wow. I want to sell you some, but it looks like I don't have any decent computers to mine with!
My i5 is only getting 4 PPS and my laptop (AMD quad core A8) only gets 2 PPS lol
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getmininginfo
Hmmm... it's been going for about 15 minutes or so... and shows zero. What am I doing wrong? { "blocks" : 2603, "currentblocksize" : 1000, "currentblocktx" : 0, "errors" : "", "generate" : true, "genproclimit" : 2, "primespersec" : 0, "pooledtx" : 0, "testnet" : false } |
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Hmmm this is the first I've heard of this coin and now I am intrigued...
So this is entirely CPU based mining?
Yep for now. All built in wallet solo mining. All pool and miner software will need to be rewritten for it. Interesting... my mining rig CPUs aren't doing anything right now anyways, so I guess I will get this set up soon. I'd advise doing it fast to get what you can. The difficulty is on a constant uptrend so far. Setup is very easy too just download the wallet and enter setgenerate true (core amount) in the console and you're off to the races Hmmm maybe I'm too much of a n00b here, but how is everyone seeing their speeds? I typed in "setgenerate true 2" and it just has a blank line after I press enter. Just have a dual-core on this computer, but was planning on setting up my quad-core, too... might get lucky and get a block. |
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The problem is that what is holding Scrypt back is not what was holding SHA-256 back. You can throw more and more processors at SHA-256 and come out with more and more hashrate. This is simply not true for Scrypt. Scrypt requires more processors combined with a higher and higher memory bandwidth. Nvidia and AMD place a lot of money into memory R&D to that end, more than any person interested in a Scrypt ASIC can currently field.
Basically, a Scrypt ASIC will not hash faster than a GPU, because you're not going to put >GDRR5 memory on an ASIC. However, a Scrypt ASIC could work as a standalone unit, which would be beneficial for someone who wants a lot of them. Other than that, there is no real benefit to designing a Scrypt ASIC for anyone interested in cryptocurrency.
You are forgetting about the power costs. Since ASIC's are so much more efficient than using a GPU, they use a lot less energy. Say an ASIC and a 7970 both hashes at 700KH/s, but the ASIC uses only 80 watts while your 7970 uses 300 watts. That will save me around $25 a month per ASIC (it's $0.16/kWh where I live) If I get 12 ASIC's, I'll hash at around 8.4MH/s and save $300 a month. That's quite a lot when added over the lifespan of my mining rig. Not to mention it should be a lot quieter! |
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Watching this... he is trying to buy a PSN card from me.
His link definitely looks fishy (or phishy... oh yeah, that's a pun baby!)
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Hmmm this is the first I've heard of this coin and now I am intrigued...
So this is entirely CPU based mining?
Yep for now. All built in wallet solo mining. All pool and miner software will need to be rewritten for it. Interesting... my mining rig CPUs aren't doing anything right now anyways, so I guess I will get this set up soon. |
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Hmmm this is the first I've heard of this coin and now I am intrigued...
So this is entirely CPU based mining?
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If I had the coin, I'd probably take a chance on ya, but I don't think many others will without some collateral.
Too many scammers around here.
Good luck!
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Exactly which part of my sentence is tripping you up?
Probably collateral. Looks like English is his second language. bankfähige Sicherheiten maybe? |
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FPGA's or ASIC's for LTC will never be as close to the power of bitcoin ASIC's, or in the price. The differences will be enermous.
That's what I have read, too. There was a thread on either this forum or the Litecoin forum that a person with FPGA experience had succesfully built and tested an FPGA for Scrypt using . The result was something like 3KH/s and from everything that I read, he wasn't very optimistic about anything much better than that being acheived. Factor in electricity and it *might* be beneficial, but it just depends on how much the initial cost is... Simple economics. Fixed costs + Variable costs. A more energy efficient miner (FPGA) will be beneficial in the long-run only if it saves more electricity/hash (variable) than the initial purchase (fixed). Another thing that I think must be included when talking about Scrypt mining, is that if a GPU can produce 2KH/s/USD (HD7950 @ 600KH/s @ $300) then without factoring the benefit of electricity, an FPGA would need to produce more than that. Although an FPGA is reprogrammable, it likely will not retain the same value as a high-end GPU if for some reason Scrypt mining because completely unprofitable, either through waning interest or some ungodly ASIC development. But, if someone could make an FPGA that produced >2KH/s/USD then I think it would be a hit. As it is, the Bitcoin USB Miners are a hit because of their sexiness and the fact that they are cheaper than a graphics card that will produce the same hashes. Even if reaching a breakeven ROI is a fantasy, it is a cool thing for a hobbyist to have. I think if that can be acheived with Scrypt mining through an FPGA or an ASIC then it would be met with much applause. I highly doubt that you will ever see an ASIC for Scrypt that will hash at >50MH/s and be as compact as the 50GH/s+ ASICs for BTC. I think this is the board that was used in the thread I read, but I didn't save all of the information because it didn't seem like a feasible option. http://www.dinigroup.com/new/DNK7_F5PCIe.php |
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