Maybe not an attack, but definitely a hubbub...

William Pitock, aka Nenolod, is self-proclaimed as the sole party responsible for the "attack" on bitcoin proof-of-work increases that "shoot up from 45.0 to 181.5" in the middle of the month of July: 

http://nenolod.net/thoughts-on-bitcoin/

More than doubled my khash/sec from 800 to 1900.

AMD Phenon II X2 550

I just love the "Pitock Hubbub".  Thanks all for you support and the market projections.

The end of the week saw a sharp decline in exchange prices from earlier in the week.  Both markets, Mt. Gox 24/7 Bitcoin Exchange (GOX), and the original Bitcoin Market (BCM) showed steep price drops (~-40%) with high Exchange rates from 0.087 - 0.093 USD/BTC down to 0.054 - 0.059 USD/BTC.

Based on historical prices from early July, the BC exchange rates have shown roughly a 10-fold increase in BTC market valuation (0.005 to 0.05).

Recent Bitcoin generation woes with the Pitock hubbub, and the recent Slashdotting of Bitcoin have led to high proof of work difficulties, and are the likely causes of the recent price bubble.

Ask to Bid volume ratios on GOX are currently running nearly 3 to 1 (Ask Volume: 9026.99  Bid Volume: 2893), down from a speculative high of about 4 to 1 on Saturday, and show the markets' need for BTC spending outlets.

The Bitcoin crypto-currency system has recently surpassed the 70,000 block milestone, leaving 3,500,000 potential BTC in existence with a current valuation of about $200,000 (USD).

Yes, move to off-topic.

I'm going to try an hone some programming skills in order to build my own slightly changed client from the source code that will hopefully change the tray icon green after generating a block.  Look out Bill Gates!

I'd have to learn C++, MVC theory, etc.

I can envision a pleasant marriage between Progress Quest and the bitcoin client.  (http://www.progressquest.com/)

I always check it like a junkie to see if I've generated a block.  Why not have something interesting to look at when I open the client?

MTGOX needs a disclaimer for the PayPal fees.

Also the buy and sell prices are coming together now:  HIGH/LOW Buy @0.0969 Sell @0.09216.

I'd expect the H/L values to even out at the acceptable market rate, and I'm shocked the BTCs are about a dime each!

First sale complete!  (5BTC for 1,000,000 Zynga poker chips.)

29 million remaining.

Added $10, was credited with $9.41.  I assume this is a 5.9% PayPal fee?

This concept have me fascinated...

I like the odd connection between running a BOT in a MMORPG and running BitCoin on "Generate" to make a similar "advancement".

Zynga sells coins at the discounted rate of 30,000,000 per $75.

I will sell my stash at the generous rate of 20,000 chips per BTC.


That's 1 million chips for a dollars worth of BTC!


Send me a message and we'll make arrangements.

Here's some math... 

Assume WOW gold on a RP server is selling for $6.99usd for 1,000GP.  (Feb. Prices, don't ask)

Assume generous exchange rate at 50BTC per 1usd. (Today's prices on bitcoinmarket.com)


1,000GP would sell for 350BTC, or about 2.85 gold for 1 bitcoin.