Hum.. so you prefer the USA Quantitative Easing approach maybe? Free money right?
WAT? I don't like cabbage therefore I must like brussel sprouts? Both of those approaches are artificial manipulation of the markets. The block size limit can be classified alongside them. Seriously, again, basically I would not disagree to reassess when tx fee > block rewards. Currently, excepting "stress tests", adding transactions to be blockchain have not seen any restrictions caused by the block size limit. If transactions increase to where the block size starts to actually be a constraint, that would be an effective change in operating conditions. |
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This is the purpose of the "artificial" restriction: prevent spamming and hence, allowing a fee market to emerge... naturally.
Man... Just like the artificial price controls in the USSR allowed food supply to emerge naturally.  |
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lets all predent cheap computers with shit interent connections will willingly run full nodes for a system which's prices out their poor ass.
I won't be happy until Bitcoin is fully 8-bit  |
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Miners revenues are mandatory to ensure the network's security.
While the block reward tends to 0, it is natural for a fee market to emerge, or else there would not be any incentives left for the miners to keep spending the resources that a POW system requires.
Meanwhile, you can enjoy transacting for nearly nothing.
Yeah, that's my thought. A fee market should be allowed to emerge naturally, not artificially by restricting resources. |
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That cgminer stops actually is the problem. It can happen that the chips continue to do work even if cgminer stops, which since I saw it happen once on a Compac I think it's more a chip thing than cgminer. But cgminer I believe controls the fan speed, so when cgminer drops out so does the fan. What you need is something independent of cgminer to wrangle the fan based on device temperature.
Also I'm not sure how many people are still worried about it four months after the last post in this thread.
Hmm. Interesting. I wonder if there is a way to make the chips stop working. I'll have to try some measurements. And I've resurrected zombie threads a lot older  |
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Yes, next halving looks promising, that is why any attempt in increasing anything before that is highly toxic if not blatantly suicidal.
I disagree but I do think that not enough account is made for the distorting effect that the block reward has on the market. In fact, I think that trying to encourage a fee market by restricting the block size while the block reward dominates miner funding is the mistake. |
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Time to "reassess" the blocksize will be when tx fee > block reward.
I know it won't be close yet but the next halving will be an interesting time. |
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Exactly
Reminds me of arguments with my brother. He'd pull that same shit. |
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Should it not be fairly simple to write a script which will stop cgminer if loss of connection to the internet is encountered?
(I don't know why I'm posting that as a question. It is)
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Bitcoin is a decentralized publicly auditable settlement system. That people would pay to use. You can use it for 0 fee but it will take longer, its not designed as a payment processor. Satoshi chose security over performance because of decentralization.
Citation needed. |
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the FUD is unwarranted even if we keep the 1MB limit ( which we aren't ) all that would really do for the foreseeable future is price out mirco TX's and bring the TX cost at about 10cents, buying over priced coffee is still feasible, and we are still undercut paypals 2% +50cents TX fee massively
You buy overpriced coffee by using PayPal? I use cash or CC, costs me exactly 0% +00 cents. Try it! Your credit card company charges the merchant a fee and you can bet Howard Schultz isn't reaching into his own pocket to pay it. |
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Thanks. I don't think those instructions are directly relevant but they point in the right direction. Looks like I'll need to cook up my own cramfs |
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I'm not aware of anyone who's tried the S5 cgminer version on an S7. You might want to check with kano or ckolivas first?
Sorry, my bad. This is on an S5. As far as I know kano didn't write a shiny new set of code for the S5 like he did for the S3. Also as far as I know, the latest version of cgminer for the S5 is indeed the one listed on page 627 of this thread. Getting weird chain info with that version of cgminer. Hashrate seems to be sane though so I may leave it for now. (Apologies for the poor formatting.) Chain# ASIC# Frequency Temp ASIC status 1 30 350 63 oooooo oooooooo oooooooo oooooooo 2 113 350 59 xxxxxxxxxx xxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xooooooo oooooooo oooooooo oooooooo Any way to make the cgminer change permanent? Edit: Restarting cgminer fixed the chain weirdness. |
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I'm not aware of anyone who's tried the S5 cgminer version on an S7. You might want to check with kano or ckolivas first?
Sorry, my bad. This is on an S5. |
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Is anyone here using the S7 on p2pool? If so, how are they performing? I'm interested to know if they are still using the crazy queue settings with their cgminer fork & if anyone has replaced it with the mainline cgminer yet. If bitmain lower their prices again soon, I might be tempted.....if they work OK with p2pool that is.
Performance suffers with default cgminer on p2pool. I was getting about 4.4 TH/s on p2pool and 4.6 TH/s on Eligius. Just noticed that my hashrate had fallen to <50% over time. Will be doing the cgminer upgrade. Is the version on page 627 still the one to use?  |
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Bitcoin is so stable that even the most stable fiat currency looks like crazy investment against BTC right now...It is so boring though...
Bitcoin is so stable that you can put a horse in it. It's so stable I'll be using it in a nativity scene this Christmas |
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I need to find some 3D glasses - it never occurred to me before that Chartbuddy was 3D.
I did do an actual stereoscopic 3D version once just for grins. It didn't really add anything. The point of the 3D is to allow a historic view of the order book over time. If some don't see the point, there have been plenty who do. |
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Thanks for all the replys
I managed to get ubuntu installed so don't need to bother with centos so next question is what do I need to do I want a website front end etc that all runs on the same server I own the domain btcscot.co.uk and btcscot.uk I'm intermediate when it comes to Linux so fire away any links etc that break it all down nice and easy to understand would be much appreciated need to know about wallets also do I get a cut from the pool node or is it just donations I also have miners of my own to get the pool getting a hashrate
Install apache then start reading the configuration documentation (this is really the wrong thread for that type of question though) If you are mining with p2pool, your hashrate is fairly irrelevant as it will be pooled with the rest of us. You can elect to take a portion of the work of anyone who mines on your node but you may find you don't get many takers as I think many of us run our own instances (anyone who runs a public pool care to comment?) |
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OTOH, it's been out for two weeks, we have still a good way to go till 2016 and full blocks are not yet particularly much of an issue. I agree that XT was always a bit of a long shot and as long as we have bigger blocks, I don't care hugely what scheme is implemented (as it can always be changed). It's just a bit early to be calling anything. As well, BIP100 has some serious issues to be dealt with before it can be seriously considered. Also consider that XT's support is coming from people actually running it (or BIP-101 patched core) and these votes are no more than vocal support. Plenty of time to make some popcorn... |
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