Thanks, I do my best.
It is consistently 1337 too.
psilan, What is your purpose of this thread? I was thinking that since everyone is mining with their GPU's for one last Hurrah before the AISC's kick in big time, maybe we should post pic's of our GPU miners with some power and block solve stats so that we have some documentary evidence for Bitcoin posterity. Sam The purpose was my Mhash was 1337. Also NECRO BUMP. Doh! Didn't even notice that.  What the heck does "NECRO BUMP" mean? Got to be patient with us old farts. Sam |
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So yeah, this growth cycle thing is going to kill bitcoin some day.
For one, people unable to invest $1500 into mining will be left out.
If growth is going to kill bitcoin then bitcoin was dead as soon as the 2nd person started mining! How is $1500 a barrier to entry into bitcoin mining? How many people have actually spent less than that on their GPU rigs? If a person can't spend $1200 to $1500 to get a 60+ Ghs ASIC they can enter for as little as a $150 for 4.5Ghs if they choose. ASIC's are putting more hashing power into more peoples hands at lower prices and lower cost's of operation than previously was possible. That is not going to kill bitcoin. Sam Absolute hashing power is irrelevant from a mining perspective. The GH/s you mention mean nothing except they make the network stronger. The relative hashing power is what everyone is after. So this huge hashing power of 60GH/s will be the same as a GPU a few months back or a CPU a few years ago. If all the ordered ASICS are delivered you will be hashing $0.20 per day with yer 60GH/s rig before this year ends . So in fact this ASIC round just made people pay up for an increase in difficulty. Kind of like raising the minimum wage, eh The ONLY winners are the ASIC people and the people who got their ASICs soon enough. All other people will need to spend money to stay at the same level.
The low prices of the GH just mean that people with lots of budget can buy themselfs in esrly while leaving the rest out.
The other thing is that ASICS are specialized hardware. It means that everyone who mined with a GPU (because they happened to have one) will be irrelevant.
So ASICS are the first generation mining hardware that must be bought (and in fact it is already too late to buy/order because by the time it gets delivered your ROI is almost like a GPU 1 year ago) while at the same time killing off any general purpose solutions.
The Jalapeno will be worth almost nothing by the time BFL delivers and will be virtually worthless by summer this year.
Just do the math and see how much (little) a GH can mine you once all current batches are delivered.
There is no point in buying ASICS anymore unless someone makes them waaaay faster and that will only last untill everyone buys one of those.
I don't necessarily disagree with your statement/analysis. But it reveals your thinking in terms in making money in mining now, as many of the most vocal people in Bitcoin are. There are many that are mining for the long term. I'm not expecting to get a return on my investment before the next difficulty increase(s), after which I need to buy more hardware, because I didn't quite make it, in order to recoup my previous investments. I'm investing in hardware that can mine for a long period of time at a stable hash rate. Hopefully these devices can do that reliably. I have no problem with people mining for an ROI immediately but that ultimately doesn't help bitcoin. Mining consistently and reliably for decades does or at least more so. Sam |
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What's the deal with these 0 share rounds?
Sam
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So yeah, this growth cycle thing is going to kill bitcoin some day.
For one, people unable to invest $1500 into mining will be left out.
If growth is going to kill bitcoin then bitcoin was dead as soon as the 2nd person started mining! How is $1500 a barrier to entry into bitcoin mining? How many people have actually spent less than that on their GPU rigs? If a person can't spend $1200 to $1500 to get a 60+ Ghs ASIC they can enter for as little as a $150 for 4.5Ghs if they choose. ASIC's are putting more hashing power into more peoples hands at lower prices and lower cost's of operation than previously was possible. That is not going to kill bitcoin. Sam |
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Looks like stratum.ozco.in has been down for a little while.
yeah got the call 2 hours after I went to sleep just restarted now apologies for any inconvenience No problem for me, I have failover pools/servers. Sorry it interrupted your sleep. Thanks, Sam |
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Looks like stratum.ozco.in has been down for a little while.
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People here are talking like we are going to loose a bunch of Bitcoin miners? How many GPU based miners are going to pack up and leave Bitcoin altogether? I don't know of any!
Most Bitcoin miners using GPU's are going to use those GPU's for other uses. But all of the miners I've read replies from are getting an ASIC of some type as well and using their GPU's for other things or selling them and recouping even more of their original investment.
Once ASIC's come to full fruition the cost entry to mining will be at an all time low. You can get a $150 mining device. You can get a mid range system for $1200 to $1500. These price ranges are less then what most GPU miners had spent. And the ASIC's will have a low power consumption so you can just stick them in the corner somewhere and forget about them and they will hash whatever they will hash.
I'm not quitting Bitcoin mining. Is anyone else?
Sam
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yes, yes it can...3rd card is on air...accelero triple fan...it's a 5870  Yep, that is cool. With fans even. |
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But avalon claimed that they can prepare 12 units a day
Highlighted, italicize, underlined, glowing key word. Edit: not much of a glow. |
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Thanks, I do my best.
It is consistently 1337 too.
psilan, What is your purpose of this thread? I was thinking that since everyone is mining with their GPU's for one last Hurrah before the AISC's kick in big time, maybe we should post pic's of our GPU miners with some power and block solve stats so that we have some documentary evidence for Bitcoin posterity. Sam |
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Thread of random GPU's mining with temps? OK, I'll play this silly game  Doesn't get cooler than that, does it? That was fun. Sam Edit: Blocks solved with this miner since about April/May 2011: None (that I know of). |
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BALANCE
I'll give it a try, thanks. Please report back your findings/experience/opinion. |
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Is deepbit down?
It's been working fine here. |
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LOAD BALANCE:
This strategy sends work to all the pools to maintain optimum load. The most
efficient pools will tend to get a lot more shares. If any pool falls idle, the
rest will tend to take up the slack keeping the miner busy.
BALANCE:
This strategy monitors the amount of difficulty 1 shares solved for each pool
and uses it to try to end up doing the same amount of work for all pools.
It's my understanding that while both of these options keep sending work to all available pools at all times, I don't think I've ever quite understood the practical differences between these two. If I'm looking to split my hashrate perfectly even across multiple stratum servers, which would be better? Does VarrDiff skew the results one way or the other? I have tinkered around with these settings and theories of operation allot. It is impossible to split your hash rate perfectly across multiple servers. Stratum makes it more difficult to split hash rate than getwork with rollntime. If you really want to split your hash rate between pools the rotate strategy would work better. Or set up multiple mining rigs that are as close to the same capabilities as possible and mine with a separate instance of CGminer for each to a different pool. Sam |
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Your pool hash rate is at or near what the network hash rate was when I started mining. That's got to be some kind of milestone.
Sam
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I made a major mistake and withdrew bitcoins from my deepbit to the wrong address. I have contacted the person who received the coins. When they return them will they go back to deepbit? Is the send address on my deepbit account unique so it's obvious whose account they came from?
if they're returning them to the address they were sent from, they'd go back to 1VayNert3x1KzbpzMGt2qdqrAThiRovi8 which is deepbit's universal address and is not unique to you or your account You may want to PM [Tycho] and Deepbit an email the pool about this too in case they missed these thread posts. |
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I had known about this site but never got around to bookmarking it. Got it in my list now. Thanks, Sam |
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This thread is full of miner's posts regarding the pool's connection and other issues.
And what pool thread isn't? That is the purpose of these pool support threads, to get help from pool operators and the bitcoin community at large. Sam |
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organofcorti,
I usually monitor the Network hash rate by using Bitcoin Watch. They have a link on their page which leads to Bitcoin Charts. These two sites have very different hash rate estimates and I had thought that they both got their estimates from the same place/method.
Bitcoin Charts says 34.683 Thash/s
Bitcoin Watch says 27.46
At this moment.
I was wondering which one was the most accurate, in your opinion, and/or if there were another estimate somewhere that may be a better source of Network hash rate?
Thanks,
Sam
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