My errors occur whether it's a pool or solo.

I'm trying to get reaper up and running on 2 rigs, both of which use windows 7 64 bit.

The 5870 rig has catalyst 11.12 drivers.  I get a fast list of crap in a command window before it closes, and at the bottom it says "Error:  Error building Open CL program."

The 3X6970 rig also has catalyst 11.12 drivers.  This one says "Compiling kernal...this could take up to 2 minutes" and then crashes instantly with a "reaper.exe has stopped working."

Is this a drivers issue or am I potentially missing something else?

God I love this forum sometimes.

Ok, now the FUD's coming in.  I'm locking this.

Dun dun dun...

I'm dropping out.  Not locking this yet, but I've said all I'm willing to say.

Actually, the model I was thinking of doesn't need to include money laundering of any kind.  But, as I said, I have no concrete knowledge of who his big buyers are.  That .1% of uncertainty goes a long way.

Edit:  And keep in mind that there are other sources of BTC than exchanges.

Bingo.

Bitcoin is not an isolated market.  It's inherently tied to the transfer of fiat currencies, but it's like fiat with a mask.  This is one reason I use things like Bitcoinmonitor in addition to Bitcoincharts and Blockexplorer to see what's going on in real time.

Pirate has made it clear that his clients are interested in one of two things:  Cash and BTC.  Hm...why do you suppose that is?  Can you think of a few groups of people who could benefit from this, and would pay a premium for BTC?  

Pirate is also big on trust.  Look at his OTC.  Look at his posts from his date of registry up to November.  Pirate can't pull off this operation by himself.  One of the best ways to make money is to place yourself in the middle between two markets.  Pirate is currently that guy in the middle.  Both sides need to trust him.

Bruinic is also correct that the 6 figure debt is not real.  The interest debt is real, but Pirate is making more than the interest debt.  As the interest debt increases, the BTC inventory increases.  And round and round you go.

I don't think Pirate himself is concerned so much with BTC as he is with USD.  By the way, he has a lot of that and his sum is increasing.  BTC can't pay his bills or buy him awesome shit, but USD can.  Pay some attention to the bid/ask walls in relation to what Pirate said about the danger of the BTC price increasing too quickly.   Think about the impact that a rapid price increase would have on the USD he's holding, and think of where he got that USD from, etc.   Also consider that Pirate needs USD to purchase BTC for interest payments, and check out the interesting "support" walls after a rally.  Like Pirate said, when there's a rally, people panic buy but new buy orders don't immediately rush in, but rather people eat away at the outstanding supply.  When there's a crash, people panic sell and buy orders are removed.

The relative stability we've seen is no coincidence.  We're riding a cycle.  

Nothing.

Let me be very clear about something.  It takes a lot for me to say that I'm 99.9% sure about something, but it takes even more for me to say I'm 100% sure about something.  That .1% comes from a lack of any concrete knowledge of who his "big buyers" really are.

This post is not about business advice.  The OP is not intended in any way to be a reason to invest/withdraw from Pirate.

That being said, I think Pirate has given us enough information to let us know what he's doing, and I think he's right in the sense that telling us what he's doing would seriously cut into his profit margins.  I've read all of Pirate's posts multiple times from the very beginning.  I've developed a working model of how he can actually pay a 7% compounded weekly to his lenders without doing anything illegal.

I'm haven't stated what I think it is for several reasons.
1.)  99.9% certainty is not 100% certainty and I am not taking any chance whatsoever of making a bad call when so much money from so many people is involved.  Pirate still has the option to run with all our money, and while I don't think it's smart for the sake of his financial and physical well-being, it could happen.  I've seen stranger things happen.
2.)  Based on my model, I think Pirate is entitled to his profits and I don't feel like screwing anyone out of business.
3.)  I'm hopefully about to land a career job myself which will allow me to gain access to enough capital in enough time to start something similar.  I don't want to ruin future potential profits for myself, either.  This is the biggest reason.

I would hope that anyone with a significant amount of money invested in a Piarte or pass-through account will have gone to the length of research that I have and far more.  The amount of money I have invested in a pass-through is but a drop in the pond.  For the love of god, be careful with your money.

I've done some very analytic research, carefully analyzing all of Pirate's projects, posts, and relationships.  I'm 99.9% sure I know exactly what he's doing.

The good news is, it's not illegal, and although it could be considered a ponzi to an extent, it's far more profitable to him for it to not be a ponzi.

I'm not revealing what I believe it is yet, for a number of reasons.

But I also believe that while he could make a good chunk of cash by taking your BTC and running with it, this would also be very stupid of him, and it would be far less profitable for him long-term.

But damn, is it a good idea.

$275 + a few BTC

If someone wants to rip this, go for it, but please send a few BTC my way 

+1

Make some Bitcoins for yourself, then sell his crap.

Having same problem.  I think I may need most up-to-date drivers, but that sucks because the new drivers kill my hashrate for mining BTC.

With my 5870 and older drivers, I get "cannot build open.cl something something"

With my 6970's and older drivers, I get "reaper.exe closed unexpectedly" and it crashes immediately when it tries to compile the kernal.

"Where 0's and 1's become heroes and fun"

Just curious,

For those telling Hazek to STFU, are you doing so because you also think it's a ponzi and simply want more people to jump in and pump up the pyramid so your fun won't end?  In other words, are you perceiving Hazek to be a threat to the ponzi?

For the record, I have a small amount invested in a pass-through and to that extent hopes it continues as well.

Guys, guys...this is an easy fix.

If you want to know if he's lying or not, just ask him to swear on his grandmother's grave and promise that he's not running a ponzi.

Easy peasy.

Oh please.

Litecoin is not hard to understand if you understand Bitcoin.  I've been around here for more than a year and can promise you I've done far more research (in the hundreds of hours) on these currencies than you have.  Furthermore, Bitcoin is arguably a bigger risk than Litecoin since 1)  you can still CPU mine with Litecoin, and as such you don't need to drop a ton of money on a huge mining rig to stay competitive, and 2)  there's virtually no economy backing Litecoin, and so there's really almost nothing to be lost if it disappears.  This is especially true since the market cap is so small.

I have a CPU, I mine Litecoins with it, I've made money from it.  I hope its creators have made a ton of money from it because they at least allowed me to make some.  All I had to do was download the software.  Wow, some risk.  


If Litecoin crashes completely within the next 5 seconds, I will have understood the risk from the beginning, and I will have lost nothing.  I don't know of a single person that has bought a mining rig specifically for Litecoins.  Furthermore, Litecoin will offer a great opportunity for those GPU miners whose profit margins will tighten when ASICs reach consumers.

All of the early Bitcoin adopters profited handsomely in ponzi-esque fashion during the June 2011 bubble.  I truly have no idea where you're coming from.

 

I said evidence of a scam, not evidence of similarity.

Any evidence of a scam that couldn't also be said for Bitcoin?