Thanks for the reply.
Really I was reading about the pay out formula at the pool, it is PPLNS, and i could read the same reason you wrote about to prevent pool hopping.
I am just starting to mine, i have been mining for 3 hours, then i'll wait to see the results after one day mining.
Then, after one day mining, with my hd 7950 working at 6xx.xx Kh/s according to cgminer, I should get arround 0.5 ltc?
Yeah, around there. Probably a tenth or two more unless pool has bad luck. |
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Oh, yeah... TMC is definitely a great example of freedom really turning things around. Just look how far down violent crime rates have dropped since the free market stepped in in '95. You'll see how poorly the national average, which still suffers from the national quasi-military police force, has fared over time.  (2012 was a particularly bad year, up from '11, which was up from '10 -- sorry the graph doesn't have an appropriate amount of data... best I could find.) Data before '99 is allegedly available @ www.cus.wayne.edu/content/presentations/LeadDetroitCrime.pdf but I can't load the damned thing. FBI data seems to suggest the rate was 880.8 in 1995, but that seems too low for me to believe even when trying to make a counter-point. |
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Most likely, the pool uses a payout formula which looks at shares submitted over the previous X rounds (this prevents something known as "pool hopping"), and also uses this measure to determine your guesstimated hashrate. So, if you just started mining at the pool, this could be the problem. Unlike CGminer, pools measure hash rate by the number of shares sent (while considering difficulty), so pool rates are more of a guesstimate, and has to be averaged over a fairly large number of submissions to get a reasonably accurate measurement.
If you've been mining at the pool for maybe 8+ hours, then there's something else going on.
ETA: Your pool probably has a tab on its website to show you the number of shares you've submitted in some time frame. You can observe CGMiner and see if the number of successful shares submitted equals out on both the pool site and the miner software.
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I cringe every time someone thinks Bitcoin's collective hashing power is "wasted".
It just means you don't understand what it does - secures the network, and verifies transactions. There is no percentage "overhead" to capture, just like your automobile doesn't fix potholes in the street while at a stoplight, hashing isn't just shifting bits around for the hell of it.
Please, learn more before spewing out that old trope of "wasting" cycles.
It's definitely wasting energy if that energy could be used to both solve the necessary problems in securing the network AND something else useful, like what Primecoin does. Otherwise, you need to direct resources at securing the network, and the same (but independent) amount of resources at finding prime numbers. If we can merge the two workloads in the same amount of work without significant tradeoffs, it'd be stupid not to. It's similar to how not doing BTC mining on a merged-mining-enabled pool is wasteful (or would be, if anyone used NMC). Mining can be a lot more than it is -- we just haven't been creative enough. Maybe one day a SETI-like coin will come out, where you can solve the problems they deem important while securing the SETIcoin network at the same time with no significant increase in work to do both at the same time. This isn't a knock against bitcoin then. According to your definition, EVERYTHING humans do is wasteful. Probably. Nothing's perfect. That's why we generally strive to become more efficient. Cryptocurrency software, protocols, and what have you are full of waste, and devs are improving it every day -- all through different means. It's pretty much the first rule of industry everywhere; nothing is ever finished. It can always be improved. Primecoin and other solutions looking at the problem with a similar premise are all basically looking at ways to recycle computational power already used, so it can be more efficient. Think of it like feed corn. You could try to eat the corn and say "good enough," or you could use the corn to feed to cows - and at that point, you could say "good enough," or you could feed the corn to cows, and then use the manure as fertilizer for feed corn growth - and at that point, you could say "good enough," or you could make a bomb.  (this is a... shit... example, though, because with something like Primecoin, the devs did all the work up-front to make future work more efficient - you don't have to keep collecting manure... .... ... yeah, really bad analogy) |
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I cringe every time someone thinks Bitcoin's collective hashing power is "wasted".
It just means you don't understand what it does - secures the network, and verifies transactions. There is no percentage "overhead" to capture, just like your automobile doesn't fix potholes in the street while at a stoplight, hashing isn't just shifting bits around for the hell of it.
Please, learn more before spewing out that old trope of "wasting" cycles.
It's definitely wasting energy if that energy could be used to both solve the necessary problems in securing the network AND something else useful, like what Primecoin does. Otherwise, you need to direct resources at securing the network, and the same (but independent) amount of resources at finding prime numbers. If we can merge the two workloads in the same amount of work without significant tradeoffs, it'd be stupid not to. It's similar to how not doing BTC mining on a merged-mining-enabled pool is wasteful (or would be, if anyone used NMC). Mining can be a lot more than it is -- we just haven't been creative enough. Maybe one day a SETI-like coin will come out, where you can solve the problems they deem important while securing the SETIcoin network at the same time with no significant increase in work to do both at the same time. |
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I just bought Crusader Kings 2 the other day. I believe the genre this game belongs to is called "grand strategy." Most complex strategy game I've ever played. Crusader Kings 2 itself is kind of like a mix between strategy and RPG, where you have to shape your dynasty. There's also a Game of Thrones mod for it set in Westeros that looks pretty good, but I haven't played it yet.
+1 on CK2, and add Victoria 2 (Vic2 has the typical spammy popup problem with Paradox, and has a tendency toward realism in hegemony, which makes it difficult to do anything unless you're the UK, or able to defeat the UK. CK2 is fairly good about keeping the spam down.). Civ5's latest Brave New World expansion makes it much more playable (diplomacy AI appears better, but it's still pretty random-seeming), but it's still full of snore-inducing micromanagement, and now there're more pointless popups like "Hey, I heard you like Germany. I like Germany, too." or "Hey, I heard you didn't want to ban clams. I am scripted to also currently dislike having clams banned. I don't like citrus, though. Fuck citrus." Rome:Total War 2 is coming out this year, but I always get excited, then disappointed by CA. They still haven't figured out combat AI, especially in fort battles (it's better in STW2 than previous attempts, though, so maybe on the right track). If you do a Total War, the farther back they go, the better the mods tend to be at correcting problems in vanilla. SC2, SC, and WC3 all still hold up very well, and C&C & AoE II. If you're into WC3, the DotA map ended up being its own standalone game, and I think there's even a DotA 2, now. Oh -- you might want to try Sins of a Solar Empire if you haven't. Quirky Stardock product... Strategy's a broad category, though... covers tons of genres, given most games are multi-genre. If you're into a more casual sim kind of strategy, you have Tropico 4 (don't recall if it has MP support, though). There's the new XCOM. You might want to try something like Capitalism II (there's a new Capitalism Labs, which is basically an updated Capitalism II with more features and bugs). There's Wall Street Raider (mostly non-graphical corporation sim with an unreasonable level of depth and complexity on the scale of Dwarf Fortress). |
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Compu-Global-Hyper-Mega-Net
That one's taken  |
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i think it'll be a good buy once we reach total capitulation  I was just thinking might be a good time to buy land. Cost of ownership throws me off :/ Yeah. 2-5 years of backtaxes on everything (MI property taxes are high across the board, but Detroit is particularly suck) + very high insurance rates. Try to find a failing town in Indiana, Goat. They're pretty good on property taxes. I firmly believe the best place to live is right on the border with other states (corners are best). It's almost like living lawless. Buy your milk in one state which doesn't have price minimums, alcohol and gas in another, go to the doctor in another and pick up some "illegal" fireworks while you're there... |
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What's up with the exchange rate? Guys, fix it asap.
It's based on Gox and doesn't update real-time (prices would be bouncing around all over the place). Gox was @ 97.5 just a few hours ago. I think it might be working as intended... |
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How much RAM is on the PC? Maybe --scrypt -o stratum+tcp://stratum.give-me-ltc.com:3333 -u USERNAME -p PASSWORD --thread-concurrency 5632 -g 1 -w 256 -I 9 Beats me, though. LTC mining creates too much heat for Summer. Though crazy-long, may want to try posting @ https://bitcointalk.org/index.php?topic=28402.11540 instead. |
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Tiberius is pretty much the only reason to go on the BTC IRC channels. |
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Does this come with a case of silver bullets for that price?
If you try to buy this here you'd pay same price used $600-$650:) *cough* Look at the exchange rate again, friend. You're asking >$5k  |
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Initial funding and the ability to collect fees on management of the hardware. (Most offer something like 90% of the profits on what you're buying, while keeping a 10% or whatever cut for themselves)
ASICMINER makes the case for an IPO very well. They were able to use the funds extremely effectively (through a high-risk, super-ambitious venture), but couldn't have done it without that initial funding. No bank would've funded them.
Maybe more than all that, it creates jobs. Running 75 self-contained rigs isn't much of a job (I mean - you'll be taking a fair chunk of time each day to ensure they're running smoothly, diagnose and repair problems, all while keeping up on the news, but it's not going to take even 4h/day). Managing a company running 75 self-contained rigs is.
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At least use something like Blockchain.info where you could recover the coins in case they disappeared, had all funds seized, etc. Exchanges really shouldn't be used for storage of coins. Fwiw, the bitcoin clients in the wild are pretty user-friendly. You might want to consider testing out a lite client like Electrum, which offers a good amount of security without needing the blockchain which is a huge PitA to download and maintain if you aren't a power-user (that said, Electrum does offer a fair number of power-user options, but you don't need to use them). Just make sure you back up and encrypt your wallet, and you'll probably be fine. Ideally, if you have a substantial collection of coins, move everything BTC-related to an offline computer. Armory (and I'm sure others, by now) offers great options for offline wallets, though Armory does require DLing/maintaining the blockchain and a shit-load of RAM on your PC (8GB+ is essential - 6GB or less is risking it crashing unless you're using a very resource-lite OS without other programs running). Multibit's a great compromise between a full and lite client because it well-utilizes a technology called SPV, but I'm not capable of explaining its differences well to you. You might want to check out the options available @ http://bitcoin.org/en/choose-your-wallet if someone else doesn't chime in with a more detailed explanation. I'd very strongly recommend against keeping funds on Gox, though - whatever route you end up taking. You'd never want to hold a substantial number of coins there longer than absolutely necessary, and that goes for just about every exchange and web wallet you can't A) extract your private keys from - and B) verify doesn't have access to your coins |
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Almost every country in the world with a population of >100,000 has a better collection of musicians than the US. The French have great musicians, but then they have that ultra-queer anti-gay faction embarrassing the nation on the scale of the US Westboro Baptist Church.  Britain has some fine musicians, but then you have the totally apathetic street reaction to the recent public beheading. http://www.liveleak.com/view?i=d0f_1369235265 (gore, beware) - and ofc, British spies used PRISM data for domestic espionage, but nobody gives half a shit. Oh... and they still have a fucking taxpayer-funded monarchy which sits around doing fuck-all... in 2013. |
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How many of you here trade on OTC to get large amount of BTC. Say I want 50-500 BTC at a time.
- Will I be able to find many people willing to trade this much?
- Will I get a good price as compared to the exchange?
Experienced users, please reply.
You may not find always find an appropriately-trustworthy person on IRC, but they're out there. If you're worried about regulatory risk suddenly shutting down or seizing funds from an exchange or individual, you're probably most worried about an extremely fast turnover, and your best bet there would be something like BitInstant (currently down) or an individual, like you suggested. In the US, if you have a credit union participating in Shared Branching (and some national banks have similar programs), you can instantly transfer funds to someone else at no charge, thus almost-immediately receiving BTC (or USD if you're the seller of BTC). It's much tougher finding people interested in that (and trustworthy) - but again, they're out there. |
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