This "too many inputs" concept itself is absurd. What the fuck it has to do with the inputs in the first place? Why did they design it that way?
So if a merchant who sells hundreds of coffees every day for 5$ and accepts bitcoins as payment basically has no choice but to get fucked? Sounds retarded.
Every input makes the transaction larger. Since blockspace is a finite entity and costs the network to use up and mine into, the more inputs the more it costs the whole network to mine your transaction. Just look at the blocksize issues we're all discussing at the moment and see why that matters and how transaction size based fees are appropriate in light of that... If you want every cup of coffee purchased mined into the blockchain a'la visa worldwide, each block would be around 2GB at the moment instead of 1MB. |
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Greenaddress has been around for a while. I used it for a while about a year or two back and it did the job fine but my use case changed and I had no more use for it. I've never been aware of any security concerns associated with it, and they've been trustworthy to date but in the bitcoin world some of the biggest most allegedly trustworthy companies have done the biggest cons/scams so I guess nothing comes with a guarantee.
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We've got a handful of new miners which is always good to see but only marginally more hashrate. Diff will be going up another 50G in just over 5 days so unless we find a block before then (which is unlikely at the current hashrate) then it will push our diff% down again. Hopefully we're lucky in that time and/or some bigger miners join to help us crack the block before then. Otherwise, mine on and tell your friends  |
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Hi rental miners.
Someone is hitting the pool with 6PH at the moment and that's great but from what I see it's a rental, like most big hashes that hit the pool.
I have nothing against people renting and trying to hit it big on this pool, but can I offer you a piece of advice? Now that I understand better how rentals work, I'd like to suggest you guys coordinate amongst yourselves when you're planning to rent big. Places like nicehash have a limited amount of hashrate to offer and rentals work off a best bid system. That means that as soon as there are two or more competing big rentals vying for a large share of a fixed amount of hashrate, you all artificially inflate the prices for the duration of your rental. You both lose out on total hashes purchasable as a result of doing this. Can I suggest that if you're all mining here, that you coordinate your mining. By that I mean, hand around a baton or token, saying you're about to do a big rental and that others should hold off. Pretty much any rental 1PH or above should be doing this. While you're all renting for yourselves, you have nothing to gain by competing with someone else to rent hashrate. I'd rather not see you all ripped off by being unlucky enough to try and rent big at the same time someone else is. So please, if you're planning a big rental, provided you're not worried about losing anonymity, announce it here saying how much rental and for how long, advising other people to hold off till you're done.
Now mine on and let's see the blocks roll in!
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420 because bitcoin is smoking
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Dear -ck,
I cloned the cgminer-repository onto my Raspberry Pi and tried to compile it using the make-command. But it says that the Makefile would be missing.
I then renamed "Makefile.am" to "Makefile". It now says I'd be using spaces instead of tabs.
I had a look at the makefile and it seems to be ok (no spaces).
Do you have any idea for me to get it work?
Yours sincerely
DrakonX
Read the readme please. You do not do what you're doing... ./autogen.sh if building from git etc... |
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He posts regularly here and starts far too many posts already about his anti-core sentiment. Why does he deserve another thread on his behalf now?
The solution's there already. Segwit will be deployed, it's just a matter of time. No, I'm not dreaming; I know the mining world better than most...
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I too am an Aussie miner - located in Melbourne.
Same here. There's a lot more of us than people think, even with our ludicrously expensive electricity. |
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Cgminer does not mine without an ASIC so you're wasting your time.
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 [2017-05-15 17:14:54.553] Proxy 0:stratum+tcp://pool.ckpool.org:3333 failed, attempting reconnect
[2017-05-15 17:14:57.166] Failed initial subscribe to pool.ckpool.org:3333 ! Was updating bitcoind which temporarily takes address validation offline. Unfortunately this took much longer than expected so many users were put on hold for a while. Sorry about the inconvenience. |
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As the initial enthusiasm faded from the renters, the hashrate is settling at ~300Th rate which won't find us a block any time soon but slow growth is to be expected.
I'm here to stay, I'd rent more but I'm out of BTC at the moment. Had to sell off my BTC to pay some bills. So just my little miners here for now, I'll add more if I can find a couple cheap power supplies. BTW I added your pool to my sig, hope it helps! Thanks man, every little bit counts |
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here goes my BTC  You have a one in ~111 chance of finding a block with 1PH for 6hrs. Good luck! |
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As I've been telling everyone... It's incredible that you have to explain something so basic about mining to this moron who claims to be so knowledgeable that he posts hundreds of times a day, purely to discredit core, blockstream, segwit, whatever isn't BU. Do yourself a favour and put him on ignore; he feigns some kind of smarts that look like he's creating a counterargument when in fact it's a load of bollocks. He's probably laughing about how he pretends to answer the question while attempting to ridicule real progress, development and intelligent discussion as a shill... or more likely he's just a moron.
I'm tempted to unignore him temporarily just to see all his pearls of wisdom for hours of entertainment on this thread. It's really amazing how hard you guys are trying... |
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I almost feel like restarting the pool just so I'd have something to say as an update but I feel obliged to post some words anyway. The pool's functioning fine as we slowly edge past 75% diff on this first block, and we now have had over 200 unique users sign up. A huge number of those are tiny miners and that's great because one of my aims was to provide a haven for the tiny miners to eventually get some kind of payout, but it's also not enough to find us blocks much faster. 94 users have already made it into the potential payouts for the first mined block. As the initial enthusiasm faded from the renters, the hashrate is settling at ~300Th rate which won't find us a block any time soon but slow growth is to be expected. I wish I could magic the first block into existence but if I had such magic I'd have been using it for myself long ago. I'm sure (or at least hope) there are miners out there waiting for the first block to fall before joining with significantly more hashrate (and have the beta tag removed), but it's the old catch 22 - can't get miners until you have miners and you won't have miners till you get them. The current best share for the pool is still sitting at 315G and I'm sure you all know network difficulty is 560G. Anyway welcome to all the newcomers and thanks for joining us. Be patient and tell your friends |
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Ah good you can add your list to this list that says Bitcoin has died 129 times: https://99bitcoins.com/bitcoinobituaries/Enough with the doomsday nonsense. Mining pools will cave, BU will become irrelevant, segwit will be activated and everything will move forwards. All the alleged stunts with BU are simple temporary power plays. Don't let the noise of a handful of users make you think otherwise. |
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DE down again; looks like it really is a hardware issue. DE will be offline till further notice; I have simply redirected all DNS references to DE directly to the solo pool, sorry about any inconvenience.
Found an obscure kernel bug that is triggered by the unusual network configuration I was using so hopefully I have rectified this at last and I've brought the DE server back online. Small blip coming up on main pool once the heavy rentals settle for minor updates. It should also kick the DE miners back to the DE server if they haven't altered their configurations. The main pool has been restarted as planned and all the DE miners have failed back to the real DE server. To give you an idea of how busy solo has been since its inception: [2017-05-14 01:51:10.024] Loaded 15229 users and 4462 workers The users is number of users that have ever registered and the workers is the number of workers active in the last week. Let's find that next block! |
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I joined last night, I've been mining now for 8 hours 20 minutes on ckpool.org @ 7.28 TH/s, i might be bringing some more workers online sometime today, i would like to maybe meet that 10 TH/s threshold.  Oh yeah newbie here to mining and the forum, this is my first post. You are most welcome here. Be aware that this pool is still very new and establishing its hashrate. As you only receive a payout for mining once the pool finds a block, it is entirely unpredictable how long this will be and vary wildly until there is a lot more hashrate on the pool. On the other hand, on average over a much longer period (months+) you can earn more here than at other pools with higher fees. The other advantages of mining here are outlined in the opening post. |
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