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1941  Alternate cryptocurrencies / Altcoin Discussion / Re: A warning about Solidcoin for newer users on: September 17, 2011, 07:34:12 PM
I think I am more of a Bitcoin supporter than 90% of the people in this thread. Please...

You hide it well.
Oh really, that's why if you go to TweetForum, and you start posting, I pay you in BITCOINS just to hear your opinions. Yeah that's 0.25 BTC per 100 posts. I hide it "so well" that many of my members are now earning Bitcoins just for talking about Bitcoins.

That's not all I am doing that is Bitcoin related at the moment, I have several projects I am working on, with the latest one I just finished called http://bitcoincloset.com . I am a die-hard Bitcoin supported, and I can assure you that the majority of people in this thread have done way less for Bitcoin than I have...

You pay people to post on forums and you sell T-shirts. I am sure everyone is very grateful for your efforts in these areas.
In threads about forum threads and in threads about clothing threads we will respect your experience in these areas.
1942  Alternate cryptocurrencies / Altcoin Discussion / Re: A warning about Solidcoin for newer users on: September 17, 2011, 06:59:15 PM
I think I am more of a Bitcoin supporter than 90% of the people in this thread. Please...

You hide it well.
1943  Alternate cryptocurrencies / Altcoin Discussion / Re: A warning about Solidcoin for newer users on: September 17, 2011, 06:55:42 PM

Even after he has touted how great solidcoin is and safe and secure it is?

That is BS. You are starting to believe your own misinformation as well as his.

Yes funny as hell these fools still think they are going to get rich with their wagon hitched to that idiots train.

It might be preferable that they continue to support Solidcoin, lest they be mistaken by others for Bitcoin supporters.
1944  Alternate cryptocurrencies / Altcoin Discussion / Re: A warning about Solidcoin for newer users on: September 17, 2011, 06:45:43 PM
RS has taken most of the suggestions that have been given to him by the "real" solid coin community pretty seriously.

By "real" solid coin community, you mean the people who agree with him. People who disagree with him are labeled as "trolls".

As far as him working by himself, that's not really something he can control. He is always open for help from others, and has stated numerous times that he would like to have a team, which is part of the reason why the "tax" is going into effect. Programmers don't like working for free you know Smiley.

People who have mentioned flaws in Solidcoin have been labeled trolls and then banned from both IRC and the solidcoin forums. That is not "open for help from others", that is quite the opposite. Perhaps you are right that he cannot control his reactions to criticism. Currently, I would not bring any bug or design flaw to CH's attention. I would prefer to be able to obtain news about SolidCoin than risk getting banned for "trolling".

Also, some programmers don't need to be paid for their efforts, they are happy to volunteer their work. You may have noticed a few of them put together an entire operating system Wink

P.S. Solidcoin was not "shutdown", it was forked.
1945  Alternate cryptocurrencies / Altcoin Discussion / Re: A warning about Solidcoin for newer users on: September 17, 2011, 06:21:29 PM
With a full currency being run by one person, would this be the only true solution to be able to stop a 51% attack from happening, since theoretically, that one person could stop the machine until they are back in control?

I am super over simplifying this I think, but I still wonder generally

Or you could look at it as:
The one person in control always has the power obtained by a 51% attack and they can do whatever they like to the currency with no recourse for the  users.

Also, why would anyone bother "taking over" a block chain that has already been taken over?
1946  Alternate cryptocurrencies / Altcoin Discussion / Re: SolidCoin v2.0 features new hashing algorithm, faster on CPUs on: September 17, 2011, 05:01:12 PM
Joules: Could you please clean up your quotes so I can figure out what you are trying to communicate? Thanks.
1947  Alternate cryptocurrencies / Altcoin Discussion / Re: SolidCoin v2.0 features new hashing algorithm, faster on CPUs on: September 17, 2011, 04:41:21 PM
I woudln't bother commenting on Realsolid's work until he actually shows it. Up until this point, all we have is a failed fork with promises to make it better in every imaginable way. Since the original promise used to promote Solidcoin was that it was better than bitcoin in every way, I am skeptical about 2.0.

Claiming to have an algorithm that is proof against something but refusing to publish said algorithm is a very bad sign.

I will reserve judgementt until we see the source code.
1948  Other / Archival / Re: delete on: September 16, 2011, 06:02:40 AM
Guys we really need to stop fighting amongst ourselves. p2p currency advocates are their own worst enemies at the moment. We need to be ready with decent, practical, dependable and non-scammy alternatives to debt based fiat money now that hyperinflation is beginning to accelerate.

http://www.guardian.co.uk/business/2011/sep/15/world-banks-flood-markets-with-dollars


To me, the alt-currencies form a useful sink. People are going to get scammed no matter what the contents or rules of any given block chain are. I would rather have them be scammed out of Solid or IO coins instead of Bitcoins. Wink
1949  Alternate cryptocurrencies / Altcoin Discussion / Re: How are the new solidcoin accounts mached to old accounts? on: September 15, 2011, 04:21:14 PM
Who is the central authority?  Who is the corporate sponsor?

Gavin and co.

And I said alleged - meaning I don't have the evidence and it could be just rumor and I'm not wasting my time to search for it, but the term alleged is my honesty up front with that.... ultimately I don't care even if it is.

Gavin does not control bitcoin, he is a developer working on software for it. That is contributing to bitcoin, not the controlling of bitcoin. By "and co" I presume you mean the other people who develop software for bitcoin. Again, that is contributing to not controlling bitcoin. If you don't like their software for bitcoin, write your own software for bitcoin.

As for alleged sponsoring of bitcoin by a corporation, why did you even bring it up if you had no evidence at all? And who cares if a corporation donates time or money to bitcoin?
1950  Alternate cryptocurrencies / Altcoin Discussion / Re: How are the new solidcoin accounts mached to old accounts? on: September 15, 2011, 04:10:05 PM
Good thing Solidcoin isn't being managed by a central authority. Cheesy

Good thing Bitcoin isn't being managed by a central authority and allegedly backed by a corporate sponsor.   Roll Eyes

Who is the central authority?  Who is the corporate sponsor?
1951  Other / Meta / Re: Should the Community ban people Like DOUCHEBAGEXPRESS, when they fuck everyone? on: September 15, 2011, 03:58:41 PM
Just a theory, but I think that someone is mad about having so many Solidcoins.
1952  Alternate cryptocurrencies / Altcoin Discussion / Re: How are the new solidcoin accounts mached to old accounts? on: September 15, 2011, 03:56:11 PM
Good thing Solidcoin isn't being managed by a central authority. Cheesy
1953  Bitcoin / Mining / Re: Hoppers steal money from other miners is a MYTH on: September 09, 2011, 04:59:26 PM
@deepceleron  allot of words allot of stuff

Such a powerful rebuttal.
1954  Bitcoin / Mining / Re: Deepceleron's completely optional and useless pool guide to Bitcoin Miners on: September 07, 2011, 02:48:18 AM
How should you choose a pool?

First, let's go here and explore aspects of each pool (this may not be inclusive of all pools):
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

Considerations:

Are you risk-averse or more likely to gamble?

Bitcoin mining and block-hash solving is like a lottery, especially with the current high difficulty. With a high-end video card, Bitcoin mining by yourself will average you a 50 BTC block-find about every six months, but it better to think of it as a 4% chance of winning 50 BTC in a week. For many, this "gambling" is not acceptable, even though it would have the highest long-term payout, since you keep all generated earnings.

Pooled mining allows users to pool their resources together for smaller, but more regular payouts, similar to the office buying 100 lottery tickets and splitting the winnings. A higher pool hashrate means more regular but smaller payments. Are you fine with only getting a payment once every few days or even weeks on a small pool, even if that payment is still proportional to your work?

Lastly is pay-per-share pools, better described as "mining-for-hire". They pay you a fixed rate for your mining and accept the risk themselves, typically with higher fee.

Will your earnings be reduced by pool-hopping

Proportional pools, and to a lesser extent, math formula-based pools, can be gamed so that strategic timing of work submission will earn a miner more than others, and at other's expense. Has a pool taken proactive and effective measures, such as delaying statistics beyond the exploitable time window required to mine 1/2 difficulty shares, detecting and banning pool hoppers with a well-disclosed policy, etc. (Search the pool-hopper threads for your pool's name and see what they say about it...) Is the payment method used by the pool impossible to game by hopping? (examples: PPS, PPLNS, SMPPS) A good way to judge is to look at a pool's hashrate graph; if it looks like a lot of miners jump on at the start of new rounds, that's bad for you. Conversely, I suppose, are you a pool hopper and you want a pool that can earn you the maximum gains for your work by being undefended or even pool-hopper friendly?

Are the pool fees appropriate for their services and competitive with others?

A block solve generates 50 BTC, plus earns transaction fees for all the currency transfers included in the block (ranges from 0-10 BTC, but averages about 0.2). Most pools keep the transaction fees for themselves, some pay them out to users. Some pools are 0% fee, some are up to 3%, only paying 48.5 BTC to users upon block solve. Some have extra features for higher donations, some encourage fixed donation percentages. You should weigh the fees against other pools.

Does the pool have extra features you want?

The simplest interface might be http://bitparking.com/pool, with http://eligius.st/wiki/index.php/Eligius_mining_pool a close second, where you simply mine with your bitcoin address as a password, and log in to withdraw earnings. Pool features can include multiple workers for each video card, email notifications of payments or dead miners, graphs of pool or individual hashrates, automatic payouts at certain levels, user API for retrieving statistics, etc.

Pool gimmicks

Does having features such as teams or affiliate/referral programs interest you? Does it excite you or turn you off if some miners might make more if they refer more people or have more miners working under them? Are bonus rewards for block finders sustainable - something to jump-start a new pool, or does it seem like a gimmick that should reduce the profits of others?

Reliability

Uptime and connectivity matters a lot. Look at pool forum threads and see if users have noted downtime or periods where work wasn't being accepted. Did the pool respond and rectify the downtime issue? Did it come from a network DDoS attack, is that vulnerability fixed now? Does the pool support long-polling, to notify your miner quickly to start working on a new block?

Reputation

This is up to you. I find the web page design and information, and the amount of "used-car-salesmanship" says a lot. Is the pool operator well known and informed, has the pool been around, can you easily contact pool operators or other members for support or to have questions answered? If the pool disappeared tomorrow, how much risk would you as a user be taking?

Further constructive posts appreciated, which I will canonize if beneficial.


The only metric that matters: Does the pool have hot women in it?
1955  Bitcoin / Mining / Re: Vladimir's essential self-defence guide for Bitcoin Miners on: September 05, 2011, 02:26:37 AM
Quote
Instead we can look at how close each pool comes to the expected block solves for a perfect pool with zero hardware, software, and network failures. Then we can have a degree of confidence about expected performance in practice.

Wasnt that the whole point of this exercise anyway (and the original post for that matter?) 

And if not, why not? 

He only compared one pool to the perfect record. We only have his word that btcguild is significantly worse than the other pools in this comparison. He refuses to post the data. For all we know, btcguild could be middle of the road compared to other pools as is shown at http://www.l0ss.net/index30.php.

What do I,  as a miner,  care about your hardware, software, or network failures?  I want a return on my electricity costs + margin and the rest is your problem and why i pay you a fee/donation.  I dont care about normalized statistical calculations about the probability of x and y happening if the end result is the pool  solving less blocks than expected or hoppers stealing a share of my earnings.

Software, hardware, and network failures do not follow the binomial distribution of solving bitcoin blocks. Lumping them in as if they were recurring phenomena subject to a known distribution is just pseudo-math. The point is that you don't care to understand why, and that is fine. Feel free to hash where ever you like, for whatever reasons you like.

Judging from the growth we have seen at Mainframe,  im guessing we arent the only ones with this viewpoint.

Glad you guys managed to scare up some business.
1956  Bitcoin / Mining / Re: Why 9-month payoffs are still foolish on: September 03, 2011, 09:14:15 PM
Is this a thread about the relationship of Bert and Ernie? If so, Seasame Street was ahead of its time. And yes, they were totally in love with each other.
1957  Other / CPU/GPU Bitcoin mining hardware / Re: Multiple power supplies. on: September 03, 2011, 09:06:03 PM
Get one of these so the power switch will turn on both power supplies.
http://www.performance-pcs.com/catalog/index.php?main_page=product_info&cPath=34_186&products_id=21193

Then just split the PCIE plugs to the vid cards between the PSUs.
1958  Other / CPU/GPU Bitcoin mining hardware / Re: Aircon - How many kilowatts will it need to cool 5kWh of heat? on: September 03, 2011, 09:04:59 PM
Go to the store and buy bags of ice and fill your room with ice. What could possibly go wrong?
1959  Other / CPU/GPU Bitcoin mining hardware / Re: Best Liquid Cooling System on: September 03, 2011, 09:00:36 PM
unless you fancy a douse of legionairs disease you don't want any open evaporationary cascading water type cooling in a closed room.

What the **ck is wrong with people up in this once intellectual-assed thread? Man, we using organic fluid coolants up in that cascading system, not water. Some low viscosity fluid like benzine or kerosene with the PC in full immersion.

Yeah, it don't conduct heat too good, buy we exploring means of pumping that fluid and mixing it with the ambient environment to dump that excess heat.

People round hear using every muscle except the one that count.. they brain!

1 part naptha 3 parts alcohol has excellent viscosity for this purpose.
1960  Other / CPU/GPU Bitcoin mining hardware / Re: Best Liquid Cooling System on: September 03, 2011, 06:34:41 PM
unless you fancy a douse of legionairs disease you don't want any open evaporationary cascading water type cooling in a closed room.

That is also retarded...so everyone with a fish tank is at risk for legionaire's disease? I have four open top fish tanks in my living room, about 300 gallons. They evaporate about 8-9 gallons on a summer day, being fan cooled. I don't have a nasty chicken infection, nor does anyone else keeping aquariums.

If Legionaire's causes brain damage, it would explain a lot of this thread.  Cheesy
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