I would say it was more like a crapshoot in my experience.  I tried for batch 1 - failed.  Batch 2.1 right at opening, got to walletbit 6 times only to be told to pay like $5 or something like that.  I choose not to pay the errononeous amount and got screwed.  So I tried to Batch 2.1 (admittedly missed it at the start) and by the time I learned I had to use guest checkout my order got canceled even though the clock had over 8 minutes left.

Yeah I still feel I got screwed while others are able to order 10 units 

It is impossible to know the exact hash rate unless you have some way of remotely monitoring every miner (I don't most miners would appreciate that).  The hash rate is estimated based on block solve times.  If the network wide luck is up 25%, then we'll be solving blocks as if we had 50TH of power despite only having 40%.

For those periods where no blocks are found for over an hour the hash rate estimated is more or less 0 

Even the pools don't know what cards you have.  They only know how many shares you're putting out per minute and guess your hashrate based on that.

Miners are also jumping back/forth to altcoins like LTC, TRC and PPC.

Where did you see this admission?

The last time Batch 2 opened up the BTC/USD price went down since many people saw it as a selling opportunity to dump BTC to people who needed it for pre-orders (I'm assuming that was the reason).

I'm guessing today's run was due to the shit storm in Europe.  Nothing says use bitcoin than having the government seize your assets and pilfer what they feel is their "fair share".


Fair share....hmph....where have I heard that before?  

My parents come from a 3rd world country and very on I learned to live very frugally.  I got my first smartphone just 3 months ago (no text or data before that) and before that I was paying $80/month on Verizon of all things. My wife and I put less than a combined 17k on our 2 cars and we are professionals with doctorates and incorporated with businesses.  My parents house and my own house have never had any form of cable TV - don't feel like paying $100/mo when I don't have time to even take a piss without holding a baby lol.

If I made money hand over fist like people think all physicians do then yes I might consider burning electricity like mad.  Sadly that is not the case and I try to live as cheaply as possible sans the occasional splurge on a $3K DSLR or something like that.

You mispelled great












It's Graet 

I don't know if it's CGMiner 11.2 or OzCoin but I too have been getting tons of idle notifications even though the miners are submitting shares.  My share submitted count seems more or less correct but the graph and the calculated hash rate have been off since the forking rollback.  I switched to CGMiner 11.2 (from 10.5) 2 days ago so I don't know if that has anything to do with it since I know the pool switching algorithms were changed.

It was 89F here in SoCal today - 94F in the rooms with my miners even with AC going (commercial) so I've already taken down my older cards and sold locally before it becomes impossible to sell them. What's the point making $30 in BTC in 2 months of mining on a 6870 if the card will sell for $30 less. I just buy BTC with my proceeds.

When the GPU farms hit eBay the prices will drop for resale - at least until Xmas.

I had over 50GH, now down to 18GH.

OK, sorry for being acerbic earlier.

You will most likely not find Youtube videos of the machines mining.  The people who bought them probably want to remain anonymous or don't use Youtube.

It's hard to get 66GH (most people can't do this at home).  So if 10 people are showing up on BTCGuild with 66GH, you can surmise they have an Avalon unit most likely

The fact that JGarzik wrote up his review should be credible evidence enough.  Not even a ASICMiner or BFL fanboy will refute the existence of his unit working at stated speed.  Same the the Foundation's unit.

While it is conceivable that people could be faking it, to what end?  To fuel sales to the ponzi scheme companies?  Avalon and BFL both have previous generation units they have sold.  And it is damn near impossible that the 5TH you see mining under 1 account on BTCG was anything other than ASICMiner.

The question you should be asking is
1) How much am I willing to layout out for an ASIC unit knowing I may not get my return on investment (if the code for BTC changes ASICs can't adapt)
2) Which company do I trust?  Avalon from China, BFL with nonstop delays but future ability to produce massive amount, or buy shares of ASICMiner and let somebody else worry about the mining
3) Is it better to buy BTC now and wait for the price to go up rather than waste time/energy worrying about ASICs

Difficulty is going up.  If you're not seeing less earnings either you're mining on luck based shares and are getting increasingly lucky or you're not doing you math right.  Any rewards calculator can show you this.  Just look at the users in the big pools who have 60-400GHs - you think they all set up large GPU pools due to the price increase?

You can mine LTC, but it takes a while to learn (not easy like LTC) and seems to use more energy than BTC mining (at least with my setups).

I have all of those brands except Powercolor.

Surprisingly one of the the most consistend cards I have are the Diamond 7970s - they're not voltage locked so I can undervolt or overvolt as I need, and the reference fan does a good job at cooling (although incredibly loud).

XFX Dual Fan cards are pretty good plus they come with a double lifetime warranty (transferrable) but yeah avoid the single fan XFX.  While my Sapphire 6950s are not as reliable as my XFX 6950s (I see "DEAD" a lot in CGMiner and now they need to be reflowed while the XFX ones are fine) - the Sapphire 6870s I bought 2 years ago have made me bank.

My only experience with Gigabyte are their 7970s which a lot of people seem to liek but I've had 2 die on me in separate rigs within 2 weeks of initial use.  The MSI 7970s Twin Frozers rocks!

Dive Dive Dive....


Too low, pull up.  Too low, pull up.



LTCs first big rollercoaster

Um, no link needed. NEO2012 was either being facetious when he recommended it or he's an imbecile because primeasic is a hoax/scam.

Anybody got settings for a 6950.  I have a 3 card setup and trying all kinds of speeds but cant seem to go past 314 or so.  Stock 820/1250 yields 314kh per card with 7040 concurrency and I 18 (1408 shaders not unlocked one).  I'm using 12.10 drivers under Win 7 x64 cgminer.  I have 8GB of system RAM but I'm not seeing how others are getting 400-500.  Heat is also an issue with the cards hitting 84c even with 65% fan.

Reaper is working great on my 7950s - getting a stable 635kh.

We need a facepalm emoticon for posts like this  

Here's pics for your lazy (or blind) butt:

https://bitcointalk.org/index.php?topic=147936

Agreed, good job to all the pool ops for managing the crysis.

This proves that mining is still in it's infancy - you can have these shiny new little ASICs mining away in the corner and if you don't pay attention fork happens   

WHAT THE FORK! 

Most likely no one here will loan you anything unless you put up some collateral item (ie ship a watch or ipod or something) to an escrow agent.  If you really believe you will make the coin back, it's better to sell your collateral item or pawn it, buy the extra card for mining and then make back your money to rebuy your pawned item.

I think the fact that he put this BS in his first post

All my depositers funds are 100% guaranteed and will not lose any funds due to any defaults unless stated otherwise.

and we have at least 30 plus witnesses who would be happen to have written/audio testimony taken would lend credence to the contract.  The decision for the judge to make is if this bitcoin thing is some black voodoo magic or a real entity with a definable value in terms of USD.  I don't have much info from my PMs but I'm sure somebody has him making similar statements since he may have actually thought he was honest at some point in time.

Thank you John for offering to hold the collection.  If we can get some of the "big loosers" to chime in (and chip in) I would be happy to add 10 BTC to the fund (I would send John the BTC right now if I knew he wouldn't have to send it back for lack of interest).  The longer this drags on the more likely BTC price will go higher and the chance for full repayment will be less and less likely (I would be happy if I just got back whatever I pay into the legal pot just to see him convicted and possibly do some jail time).  He choose to walk away from the situation - it's our choice to either let him get away with it or attempt to bring him to justice.

Bump

The pool operator did make a mistake and admitted to it.  He did not openly call all those who received overpayment thieves but he did state they probably knew what they were doing.  The fact that the operator contacted said person and politely asked for the funds is the correct thing to do is it not?

The fact that the alleged thief laughed in his face is not the correct thing to do is it not?  The operator did not enforce any action on this individual. If you know eleuthria then you would know he is a very stand-up guy - the kind that refunds fees when somebody pays too much by making a simple mistake.  It is for the bitcoin community to make a judgement as to what to do.

As for your what ifs... well if somebody feels a need to murder another individual over 47 Bitcoin then we have a real problem with our community do we not?  Its not like I or eleuthria said to go pummel the guy's head with a baseball bat.  I am owed hundreds of thousands of dollars by many patients and I have never sent one to collections because although I would be legally justified to collect payment for my services people would see it as avarice greed.  Nor have I used guidos to collect payment...

Releasing the info will simply alert people to avoid dealing with the said individual.  Again if some newbie doesn't due his due diligence he would conned from this crook, but I don't think the members of this forums should be subject to having to deal with such people.

Where is the logic failure here?

When you mine at a pool there is a certain level on anonymity to be expected, but there is also a set of guidelines that your are supposed to follow.  It may not be explicitly stated but blatantly stealing (and this guy knows he is stealing) is not commiserate with the ideals of the Bitcoin community.  I don't recall signing a huge legal form when applying to BTCGuild but perhaps it may be warranted for all guild operators to make their miners sign forms.

Nobody makes you mine on a pool.  It's your choice.  The behavior exemplified above is exactly the kind of person the Bitcoin community does not need.  It's not some cultural or ethnic bias that we may have - I don't see how anyone can justify that behavior as being proper.  If you rat that person out then he/she has no chance in hell of scamming or stealing from somebody else.

It's not like the person is selling marijuana which may or may not agree with an individuals viewpoint/cultural bias. The person is blatantly and willfully violating the trust of Bitcoin network and for that he/she should be reprimanded.