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2001  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: May 25, 2013, 09:11:17 PM
I just OBLITERATED that block... Lol never have I ever seen such a manly share.


omg 4:3 they still exist
2002  Economy / Scam Accusations / Re: Scammer Alert - Saudibull on: May 25, 2013, 08:05:47 PM
Saudibull refuses to work within escrow on BTCTC trades.
Plus the account was made 2 weeks, ago & it has already gotten 400 posts to build "rep"
Spams the currency page with wanting to buy 30 BTC but won't even back it up or SHOW he/she has the money.

Fake padded reputation too: https://bitcointalk.org/index.php?topic=200390.msg2258397#msg2258397

I posted on one of saudibull's post but he deleted some of them, he uses self moderated posts to delete any public accusations.

BEWARE!


Lol apparently he already is in my ignore list, so I guess he did something either questionable or trollish.
Pity I don't remember what exactly, sorry.
2003  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 25, 2013, 08:01:07 PM
Lowering the price means giving away income you would have earned over time by mining yourself. If that wouldnt be true you would have to admit that the buyer makes a bad trade so that you have more from selling the hardware than mining yourself.
exactly.

In my eyes the best performance would be mining <50% and selling hardware for a price of mining income of some months at least (at least now only some months when it looks like difficulty will rise fast). This way income could be optimized. But selling only to sell, even dropping the price to give away more units doesnt sound to me like the best plan. I might be wrong of course.

Point is: after producing one chip, it is much cheaper for AM to just put into one of his servers, than packing and sending it somewere, to someone who will have to setup his mining server... plus AM likely has cheaper electricity anyway.
So the "total amount of work", irregardless of who is doing that work and paying, is much lower if AM uses his own chips, as opposite to selling them.
This implies that buying a chip is much expensive than buying a share and getting the dividends.
2004  Other / Archival / Re: Vircurex to remove all non-BTC trading pairs in days - POSTPONED! on: May 25, 2013, 07:51:26 PM
More or less you can still convert anything to anything, but if it is an alt to alt it requires two jumps:

Alt->BTC->NewAlt
And this makes sense to me, after all if there are too many weird exchange pairs, it wound't be a good thing neither for casual nor for power users...
2005  Economy / Service Discussion / Re: BTC limit for "large withdrawals" on Bitstamp on: May 25, 2013, 07:44:54 PM
They do convert all fiat money that is deposited into their accounts into dollars, but I don't know where those dollars are held. I don't understand why they do this though, because they do issue EUR and JPY IOUs and that seems to entail unnecessary exchange rate risk.
Since they do convert everything to USD, they are not at exchange rate risk.

If I deposit 100€ when EURUSD is 1.3, I get 130$ in the Bitstamp account, and they likely internally held it in USD.
Then if EURUSD drops to 1.2 and I withdraw, I get 108€, thanks to the new exchange rate. But they didn't lose anything, if they really converted the currencies, rather than only "displaying" it.
2006  Economy / Service Discussion / Re: Intersango money withdrawals frozen since 14th March 2013 on: May 25, 2013, 07:05:07 PM
I rarely ever check that email address.
Well, that's hardly an excuse, TBH.
2007  Economy / Service Discussion / Re: Mt Gox laughable support answers on: May 25, 2013, 06:56:20 PM
OMG it looks like a joke... scaling up is really a difficult task, and poor support is one of the main issues.
2008  Economy / Service Discussion / Re: Liberty Reserve shut down on: May 25, 2013, 06:53:50 PM
OMG you sent me bitcoin without asking. You also lost money my friend That address is old and not in use right now. We both are on the same path now.
Well thanks for your help anyways. there are really low number of people like you present on earth which like to help other. I wish that God gives you a happy life.
you should edit your signature, then.

It's pretty common to send tips to public addresses, and it would be a shame to have people waste their tip (and you not getting them) because you kept an outdated address in the signature... -.-
2009  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: May 25, 2013, 06:40:50 PM
Its to bad they don't print tons of various crap paper money and trade it around the world.
1. and how many of those coins have a value worldwide, as opposite to just in the country printing them?

2. they have a reason for doing that, and that is every country prints its own coin. They don't do it just for printing's sake, and that's why a single country never prints two different coins: it wouldn't make sense. So, these altcoins are mostly pointless, with few exceptions.
2010  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 25, 2013, 06:38:22 PM
A >50% attack doesnt make sense in case one wants to earn money. It might be only useful to destroy bitcoin. One could claim that friedcat never would do this but it wouldnt matter when people freak out in fear.
+1

and that's why it is much better to stay in a safe zone of no more than 30%.
2011  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: May 25, 2013, 05:19:26 PM
why not you make a miner that does this, I'll love to try it out. I want to get 5888 superblock!  Cheesy
Because I'm not going to spend my time working for free on a lame altcoin.
Of course if you are going to pay, that would be a different story.
2012  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: May 25, 2013, 05:11:07 PM
the problem is that you are not alone in the network, people (some pools) already work on this block before you started, how can you get it? It's virtually impossible.
Uh? No.
When you get notified of a new block, you start mining it.
And that's pretty much what everyone else does too.
2013  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: May 25, 2013, 05:08:21 PM
All you need to do is check if GetBlockValue says it's a superblock, and if it isn't just skip mining it.

Then you run the LKY wallet with higher process priority than some other wallet and mine happily other coins unless there's a superblock available. You get a wonderful profitability while everyone else is down in the coal mines burning watts.
How do you do it? You can't precalculate it. It depends on the previous blocks I believe.
that's what he said.
check if the next block will have a big reward, ignore it if it doesn't, and come back checking again once some else mined it.
2014  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: May 25, 2013, 04:10:53 PM
Thanks guys I'll give that a shot. Going to find the mega block, I can smell it...
this makes me sad.
2015  Bitcoin / Bitcoin Discussion / Re: Crowdfunding Resources for Bitcoin on: May 25, 2013, 04:10:28 PM
Bitcoinstarter.com is a Bitcoin crowdfunding platform.
seems cool, but it totally needs a brief project description already available without clicks in the index: having to click "show details", which brings to a new page, for every project, is insane.
2016  Other / Beginners & Help / Re: buying or mining on: May 25, 2013, 03:14:21 PM
np!
2017  Other / Beginners & Help / Re: buying or mining on: May 25, 2013, 02:14:38 PM
And where you can buy shares?
here (or here if you have a small budget).
2018  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: May 25, 2013, 02:10:25 PM
Where do you edit that code? I'll compile it on linux and test it right away, have 10Mh to throw at it so should be tested within an hour.
file main.cpp, change "int rand = generateMTRandom(seed, 100000);" to "int rand = 50001;".
It will quite obviously not work, for the reasons I explained, but you're welcome to try Wink

ps: BTC tips appreciated, see signature, thanks.
2019  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 25, 2013, 02:01:16 PM
I thought its pretty clear that i meant the business aspect. A company doesnt stop targetting to earn more money because its already doing fine.
Sorry, I edited.
I was quite surprised of reading some strange notion from you, in fact.

some stuff

<slight, but temporary detour>
Your avatar looks like a Mandelbrot set - do you have a larger version so I can see what's on the right hand side of it? Just curious.
</slight, but temporary detour>
Here it is.
2020  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: May 25, 2013, 01:17:45 PM
Well, you could look ahead if the next block will get a big reward and skip mining all the others.
Yes you can do that.
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