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anyone that does not have free electricity, should not start mining now and those who already mining should start considering their exit strategy.
Those who have free electricity, can mine almost infinitely.
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someone would trust mybitcoin with any significant amount of BTC is really mind-boggling. Even when I was new to bitcoin, I knew better not to trust mybitcoin with my BTC for any long period of time. I think the most I ever had in mybitcoin was 0.5 BTC, and lately I kept 0 in there due to all the bad vibes I got from the site.
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1. if you have to pay for electricity, you should not be getting into the mining game at this point, period.
2. if you have to pay for electricity, but you already have 1 or several dedicated rigs running, you should still mine, but start winding down your operation, start selling some rigs. You don't want to be selling them at a much lower price when the mass exodus begins (when difficulty reaches equilibrium with electricity cost, those who have to pay for electricity will inevitably start selling their rigs).
The fact of the matter is difficulty will keep rising until it reaches equilibrium with average electricity cost. The price of BTC will keep falling, because the supply of new BTC each day is overwelming the market, unless another wave of significant adoption comes, BTC price will continue to fall slowly. Until block reward is halved sometime in 2012.
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"cigarette smokes are shown to damage fan parts"? is this true?
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Any website owner that provides its real contact information (name, address, phone number), have reps that talks here or on IRC, is trustworthy.
Not sure why anyone trusted mybitcoin.com though, the first time I used it, I felt a bad vibe from the site, I used to have 0.5 BTC in there, but then I felt so much bad vibe from the site, especially after the mtgox incident(mybitcoin did not even try to protect any user, and let mtgox hacker steal thousands of BTC, they had several days to act), I withdrew my 0.5 BTC from it, and had a 0 balance there, this is how much that site is trustworthy to me, I wouldn't even risk 0.5 BTC sitting there.
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difficulty will keep going up, until it reach an equilibrium with average electricity cost. Those who already have miners have no reason to stop mining, until it reaches equilibrium with electricity cost. Plus there will always be new miners coming into the game or people that just likes to mine, at a loss.
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If you trust any large amount of money to an unknown website, it is your own fault really. I never had anything more than 1 BTC in mybitcoin.
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I was wondering if anyone has gotten two ATI cards to work without crossfire using a software solution and without Dummy plugs ?
Yes,I am using the Catalyst 11.7 and trying to get a Radeon 5770 and 6950 to work independently.
I just got my rig working without dummy plugs or crossfire.. Using Trixx 4.0.2.. in Settings make sure 'Synchronize cards in Multi-GPU Config' is NOT checked and the configure each card individually. 3x Sapphire 5850 Xtreme with Catalyst 1.7 on Win7 x64 pretty sure you cant mix 6xxx and 5xxx cards Pretty sure you can, as long as you don't crossfire them. |
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no off-site backup for a production site? how amateurish. But this is actually bullish news for BTC, 17000 BTC has just been destroyed, this should increase the value of the rest of the BTC by almost 2%.
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Ok guys, for ATI cards, it's called Xfire, not SLI. SLI is exclusively used for NVIDIA cards.
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For emergency trade, sure I can wire the money and pay the fee. But like my stock brokerage account, I usually keep money in there for years and don't deposit and withdrawal constantly, 60 days isn't a big deal to me, it's just an option to fund cheaply. What other option is there for funding with a $0.25 fee? I'd take the 60 days rather than no funding options at all. Just hold all dwolla deposit for 60 days before the fund is allowed to be used for trading from now on
If thats the best option, simply dont allow dwolla. No business can operate by forcing clients to wait 60days, no clients would tolerate this either. I think best approach if you want to use dwolla from now on then clients must verify themself with the normal legal bullshit ie. photo id, proof of residence, bank account statement etc etc. so would be scammers wouldnt even think twice wasting their time to try and defraud a company. All this of course only in case someone wants to make use of dwolla, other methods can still be as anonymous as it is atm and unchanged. You really think its practical if you want to trade to wait 60days ? Id rather pay $5 or $10 to be able to trade in less time than that but maybe its fine with you to wait 2 months to get in a good trade o_0 There is other funding options, tradehill just have to add it. Dwolla isnt the only alternative, just wait for tradehill to add other methods if this doesnt get resolved. |
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What other option is there for funding with a $0.25 fee? I'd take the 60 days rather than no funding options at all. Just hold all dwolla deposit for 60 days before the fund is allowed to be used for trading from now on
If thats the best option, simply dont allow dwolla. No business can operate by forcing clients to wait 60days, no clients would tolerate this either. I think best approach if you want to use dwolla from now on then clients must verify themself with the normal legal bullshit ie. photo id, proof of residence, bank account statement etc etc. so would be scammers wouldnt even think twice wasting their time to try and defraud a company. All this of course only in case someone wants to make use of dwolla, other methods can still be as anonymous as it is atm and unchanged. |
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Just hold all dwolla deposit for 60 days before the fund is allowed to be used for trading from now on
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Right now fees don't really determine how fast your transaction gets confirmed I think. But I think in the future when block reward is non-existent, fees will play an important role in determining if your transaction goes fast or slow. Because miners wouldn't want to solve a block that pays almost nothing.
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I think holding ACH/dwolla deposits for 60 days before allowed to use it MIGHT be the final solution here, there's no other way to prevent ACH fraud.
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a lot of mobo can run 6 cards with proper risers.
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I don't see why you can't easily purchase 400 BTC on an exchange. Taking your VISA as payment would be pretty high risk, as a simple chargeback would make the seller lose a lot of money.
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6970 is pretty bad for MH/$, something like 6950 or 6870 though is not bad in term of MH/$, and I'd use them if you can't get your hands on 5xxx series cards at a good price. Is AMD done making GPUs for 5000 series cards? Cuz I was asking someone how long they think the max time on AMD making a GPU, selling it to a manufacturer like sapphire, and them making it into a card and then getting it to distributers would take. It turns out, it's a long time  but he brought up the point that they may not be making 5 series GPUs at all anymore since 6000 came out. Pretty much all 6000 series cards are inferior in MH/s/$ and MH/s/watt except the 6970 and that's a little expensive for my tastes so that would suck. Anyone know for sure what the state of 5830 GPU production is? |
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