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test server question... While BTC is currently 0% PPS ... are we getting credited for the namecoins yet? just curious ...
Sigg
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just put 7 Ghash on the test server... a mix of CGminer 2.1 (windows) and CGminer 3.1 (linux)
Sigg
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in cgminer I get lines like this: accepted xxxxxxx Diff 5/1 GPU 0. Most of it is obvious. What I don't understand is the difficulty thing. it's different with just about every share.
Does a higher number mean a higher payout, or is it just a tracking thing, or what?
this is mostly a tracking mining-porn thing.. a higher number does not mean a higher payout. Currently difficulty is about 12,000,000 ... if you get a number over that, you have actually solved a block. If you get a number under that, you still submit the share to the pool as proof you are doing work.. but the share doesn't actually create any new coins. In general, pools pay a fixed amount per share no matter if you actually solved a block or not. And the other question, and this one is purely for the future, is it possible to hash on multiple pools simultaneously with cgminer (or any software for that matter)? I ask because I'm in the process of raising money for an ASIC machine as they become available, and I can see some advantage to hashing on more than one pool.
I think you are asking... Is it possible to submit the same share to multiple pools, and thus get paid multipled times for the same work... short answer: NO. Long answer: Each pool includes a unique string when they send you a work request. If you send a share to a pool that did not originate the work, it will know, and reject it. Sigg |
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Has anyone been able to mine on XP with a 7950 and CGMINER? What Driver/SDK combinations work? I spent all last night downloading and trying all the various driver & SDK versions and keep getting the no GPU avaliable when I start CGMINER... I never had these problems with my 5xxx & 6xxx cards  If this isn't possible, can someone point me to a guide on how to set up mining on linux? Thanks, Sigg |
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Very likely going to get into merged mining testing next weekend. If I can figure out a good way to implement it in the pool software, I will probably go with multiple altcoins similar to what bitparking does. Hopefully that will keep people excited even when luck is sour.
Any updates on this? Would be nice to get an extra couple percent on the stratum miners. Sigg |
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Key flaws in your argument: - The internet is mainly hardware infrastructure. Swapping it out for fibre-optic (which is already happening) and upgrading the protocol (IPv6) is already happening, despite the costs. The costs of swapping out open-source bitcoin code with another code however are highly negligible.
the cost of swapping out code may be negligable, however you will still meet like resistance with getting bitcoin users holding anything more than insignificant amounts to essentially throw away their BTC and put their support into better-coin. In this case, momentum is gonna be a bitch. The only way for this to happen would be if better-coin was built on top of bitcoin and automatically imported all BTC balances into the better-coin genisis block. - The internet isn't money; its inherent value is in information sharing. The market has decided that Bitcoin has a financial value for the bits and pieces of information it sends back and forth. Thanks to the versatility of technology such as the internet, there is absolutely nothing stopping anyone from developing a smarter, safer system for value transfer and just releasing it as open source onto the internet.
Once again, just because better-coin is smarter, safer doesn't automatically mean everyone will just drop bitcoin and start using it. If you've got billions of value sitting in bitcion, you are going to need to seemlessly migrate that value into better-coin. So, the question now becomes, if all BTC balances and wallets are already there the moment of better-coin's genisis, is better-coin really better-coin? or is it BTCv2 ? Sigg |
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Android only. Blahhhh! Does Apple hate Bitcoin? Wish you could use the gyft.com site.
NO KIDDING !!! I downloaded the app and installed on IOS .. no bitcoin option to pay for gift cards... You'd think they would at least have the purchase cards with bitcoins option on their website.. I can't even find a purchase cards option on the site, much less pay with BTC  Really bummed. Sigg |
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so is this an android only thing? i found and downloaded the app on IOS, but the only option avaliable when i go to buy a card is to pay by credit card  Sigg |
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regarding WU and BTC.....
There is another aspect of the Western Union business that I haven't seen touched upon yet... That is their Bill Pay service. There are a LOT of companies that have bill pay agreements with WU.
For example.. Lets take a well known bank.. Citi .. If you are coming up on "late charge day" and you need to pay your mortgage NOW .. you can take cash down to your local WU branch and pay your mortgage IN CASH and have the payment credited same day.
Same thing with my local electric company... if you need to pay your bill TODAY or have your electric shut off, you can pay cash at the local WU branch.
A lot of other banks and utilities have this same agreement with WU.
So, for those of you who keep saying "When I can pay my mortgage in BTC then.. bla bla bla.." ... well get ready for the bla bla bla.. cuz if WU starts dealing in BTC, you can do exactly that.. PAY YOUR MORTGAGE WITH BTC.
Sigg
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it seems like everyone is taking this for granted, but is a pool performing a 51% attack really impossible?
<snip>
is it possible.. yes very. is it plausible.. not really... The concern here is that a pool operator will spend years building up his business and trust with the mining community, and then throw it all away for a one-time fraud. Keep in mind that someone would most definately catch on to what he did.. and once that became public knowledge, not only would 99% of his miners leave him immediately.. a good portion of those who left would DDOS and hack what's left of his pool into oblivion, just for the betrayal. To put some numbers behind this.. a 51% pool would be mining 1800+ coins per day.. figureing in the current $160 exchange rate and a 5% fee.. that means he's bringing in $14,400 per day (minus infrastructure costs, lets call it an even $10k) Would YOU throw away a $10,000 per day money machine to get in a double spend? The only way this would be worth it would be for a million dollar double spend... Anyone who accepts a million dollar transaction without AT LEAST a dozen confirmations is an idiot .. and coordinating a dozen block fork would be very difficult even with 51%. In short... I won't panic even if I do see a pool hitting 51% consistantly. Sigg |
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under the notion of "fool me once, shame on you... fool me twice, shame on me"
A lot of people just lost a lot of money when they panic sold on the way down.. only to see it bounce right back up..
Not everyone will be so quick to panic sell again below the previous ATH...
I think we are going to shoot past 266, and that will turn out to be a very strong support level for the next crash.
Sigg
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OK.. so how would this work regarding taxes... I deposit BTC to my paypal account, and then turn around and buy something on the web denominated in $$ and pay with paypal... did I just "sell" my BTC for $$ and incure a capital gains tax liability? Or did I just buy something with BTC? Does this turn paypal into the ultimate exchange? Sigg |
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First we're going to need girls. 1/10 or less girl population doesn't sound really good.
somehow I get the feeling.... If you can afford to buy an island.. getting the girls will not be a problem... Sigg |
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regarding WU and BTC.....
There is another aspect of the Western Union business that I haven't seen touched upon yet... That is their Bill Pay service. There are a LOT of companies that have bill pay agreements with WU.
For example.. Lets take a well known bank.. Citi .. If you are coming up on "late charge day" and you need to pay your mortgage NOW .. you can take cash down to your local WU office and pay your mortgage IN CASH and have the payment credited same day.
Same thing with my local electric company... if you need to pay your bill TODAY or have your electric shut off, you can pay cash at the local WU office.
A lot of other banks and utilities have this same agreement with WU.
So, for those of you who keep saying "When I can pay my mortgage in BTC then.. bla bla bla.." ... well get ready for the bla bla bla.. cuz if WU starts dealing in BTC, you can do exactly that.. PAY YOUR MORTGAGE WITH BTC.
Sigg
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how much BTC would you trust in a blockchain.wallet, how should password be?? note assumes you have got all your private keys backup and encrypted everywhere me, unsure at this stage (hence the thread) but it seems with say a 20 plus letter password it should be ok?  About as much as I'd want to spend that day before I getting home and top it off from my personall wallet. Sigg |
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Speaking from personal experience .. I lost not a single BTC during the past couple days. I even just double checked both my cold storage and hot wallets.. they're all still there.
Sigg
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Gox go up, Gox go down. I'm no longer afraid.
Does this look to anyone besides me as it should be the name of a children's book?
Sigg
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Everyone keeps talking about decentralized exchanges. Sorry if this is a dum dum head question...but where will the dollars be stored?
Wow.. for once I'm in 100% agreement with proudhon ... I ask myself that very same question every time I see "decentralized exchange" ... Till someone comes up with a very good answer to this.. I'm completely discounting the whole decentralized exchange concept. Sigg |
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Just checked.. All my coins in cold storage are still there.. My miners are still mining ... Hot wallet still has coins ... Did something happen recently to the protocol I'm unaware of ? What's all of this "did you survive" stuff all about anyways? Sigg |
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