Are you please able to update the original post in this thread with details of the scoring system? Thanks

I think the general concept of this pool being "the Bitcoin Mining Pool designed BY Miners and FOR Miners" wasn't really compatible with the non-transparent scoring system. Of course any pool advertised as proportional is going to attract pool-hoppers and put off serious (non-pool-hopping) miners. Note that I'm not saying this advertising was necessarily intended by the pool itself, but was the resulting message received by the community.

Thanks for your efforts for running the pool though - I've appreciated the care you've taken to respond to each persons concerns in the forum, which is refreshing.

The last few times the shares have gone back to zero I haven't received a payout, and no solved block has appeared on the block list. This has been happening for several days now. What's going on?

Block found! Congrats!

Presumably worldwide shipping will be included to deliver the 5770 card to the winner?

Anyone know how to see if the 7208BTC mentioned appears in the block chain at around the date of the original post?

So, is .00000001 IXC = 1 Thomas?.... hahahha

Anyone would think it's April 1st...

High difficulty means the network is secure - it is a good thing.


The problem with Bitcoins is that it won't make Thomas Nasakioto into a millionaire overnight...

My understanding is that the reason for slower growth in Bitcoins was to keep mining profitable until the currency takes off (and after that gets funded by transaction fees). So this would mean speeding up the process (and trying to complete with the more established Bitcoin currency) might drop the incentives to mine too quickly. It would also mean the currency is held by a fewer number of people, exposing it to greater fluctuations in any exchanges that use it.

95. You stop visiting youtube.com because it halves your hash rate

Thanks for responding

Could well be the PSU - it's a pretty low quality PSU (CRS brand, from memory, and it's 350W). There wasn't a 6-PIN PCIe connector, so yes I am using an adapter.

I have a pretty basic motherboard, being a Gigabyte GA-M61PME-S2P

It has 1 PCIe x16 slot, and I tried putting my Asus 5770 graphics card in it, but the system wouldn't boot - it just kept making a ticking noise (when booting normally, it makes that noise just once on power-on, so hearing the noise repeated says to me it is trying to restart itself about every 2 seconds).

As far as I can tell, the BIOS settings seem correct (they specify to use the graphics card when there is one).

It boots normally again when I unplug the card. Any suggestions?

Would be a shame if I couldn't get it working, as I had to take to my case with tin-snips to make the card fit! ...lol

I don't think fractional reserve is an accurate name for this. What we're discussing here is more like storing the funds in a high security vault in the back of the bank than the fractional reserve systems used for physical cash.

2% for users mining directly, 10% for embedding it in a site

Flexcoin founder, if you are intending to earn money from mining (as per your FAQ), is the mining hardware going to be funded from a proportion of customers' balances?

Never mind the wife, show us the rig...

An error, unless the aliens have messed with your card to help contact their mothership....

I disagree that no lender would provide a loan, but it would require some careful thought. Lenders currently provide loans in unstable financial environments - they just adjust the interest rate to suit the risk.  Obviously no lender is going to say "I'll lend you 20BTC now, and you pay me back 20BTC in 2yrs time" though - they'll still want interest. The biggest risk at the moment is on the borrower's part, because the price can spike upwards by an unlimited amount (meaning they may have to pay back many times the original sum), whereas a downward trend has $0.00 as a lower bound.

I disagree that there's that agreement - I think most people have very little idea about the future prospects (and many don't care, as long as they get paid to mine), which is why the market price isn't skyrocketing at the moment, but instead people accept there is a risk (without being able to put a number on it). The price might appear stable right now, but I'd be willing to bet it won't stay that way for long.

The current market price of Bitcoins factors in the risk that it will never make it to the mainstream, for whatever reason. By investing in equipment with a longer timeline, you expose yourself to a risk of loss for a longer period, but admittedly the risk may be decreasing over time.