fewer than normal are showing from pools too. either the pools are seeing really bad luck or someone with a lot of hashing stopped using them and has started solo mining? I was working on a few rigs last 5 hrs or so. |
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The rally has already started. People are buying in anticipation of Tuesday.
WTH happens on Tuesday? Big rally that leaves all kinds on money behind  lol or not I got the rally part, but why  I subscribe to the pay day mentality and that people would like to buy things with bitcoin.... BFL?  |
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After a year of running 5x 6950s, with the cards powered off of an OCZ 1250w and the mobo/cpu off a CM 500w, the ASUS P5N-T Deluxe refused to boot. Then I found this:  Obviously 5 cards was too much power draw from the 5 un-powered PCIe x1 ribbon cables. I have some spare 4-pin molex connectors, is there a mod that'll let me connect power to the PCIe x1 riser cables? I also have an identical board that was DOA, so I'll be re-sodering the 24pin ATX socket this weekend, but I'd like to make sure it doesn't happen again too. is a good you tube video how you can prevent this happening on motherboards with out added molex connectors to supply 12v power to the PCIe lanes. |
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All pools should create 2 servers with varied difficulty, one for FPGA/GPU miners and one for high powered ASIC miners.
And then just adjust share prices accordingly.
If the intent is to make FPGA/GPU and ASIC get = BTC maybe base it on per kWh * investment / GH/sec Sounds great  However private pools are not that hard to set up.. |
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Small Business Fixed RatePrice per kWh | CAD $ 0.08Services per kWh | CAD $0.05653 Total per kWh | CAD $ 0.13653Current as @ | August 2012 Provider | Enmax Province | Alberta Country | Canada Small Business Regulated RatePrice per kWh | CAD $ 0.11547Services per kWh | CAD $0.05653 Total per kWh | CAD $ 0.172Current as @ | August 2012 Provider | Epcor Province | Alberta Country | Canada Residential Fixed RatePrice per kWh | CAD $ 0.08Services per kWh | CAD $0.042 Total per kWh | CAD $ 0.122Current as @ | August 2012 Provider | Enmax Province | Alberta Country | Canada Residential Regulated RatePrice per kWh | CAD $ 0.11547Services per kWh | CAD $0.042 Total per kWh | CAD $ 0.15747Current as @ | August 2012 Provider | Epcor Province | Alberta Country | Canada Below I have broken down cost for residential vs comercial small buisness rates in Alberta. Even provided examples of locked in rates vs normal regulated rates. In this area power is regulated along with the transmission and distribution and even local access fees. It can be almost the cost of the electricity itself. Follow the link below. Power Cost Sheet (Google Docs)
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I actually sold half my coins at $10.3. Now I guess I just need to wait. If this works out it would seem almost too easy The most difficult thing for me is when to make the "call" that I feel "OK" with. Buy or Sell. For example. If after purchasing your 10k USD? of BTC at $5 each, make the call and liquidate at $15, netting you an estimated return minus fees and initial investment of $20,000 USD. However since you may have gambled BTC value would go higher, you missed the opportunity to maximize your gains. You make the call to liquidate 1000 BTC at $10.30 leaving you with realized gains of $300 + 1000 BTC. Mind you that is nothing to scoff at. However you lost out on $4700 if you decided to trade that 1000 BTC at $15, instead of at $10.30. OR you could of traded 2000 BTC at $15 gaining $20,000 after initial investment. Later reinvesting those earnings by trading at the $8 mark getting you back in the game holding 2500 BTC. Finaly you make the call to liquidate 1000 BTC of the 2500 BTC at $10.30 having a realized net of $10,300 and 1500 BTC minus initial investment of $10k, maximizing your profits. Trouble is hind sight is 20/20 |
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Full moon tonight.
MST 7:26 sunsets.
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What mining hardware has to do with BTC price?
People are afraid that the new ASIC processing will flood the market with new, cheaper (faster obtained) coins and those will be cashed in asap to recover the ASIC investment, thus driving down prices. Pure speculation as other factors are at play as well, like difficulty will go up and more unprofitable GPU (electric costs) operators will call it quits. Volatility can cause up or down prices... If I were to make BTC on ASIC hardware then I would use said BTC on more ASIC hardware. |
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Even at $0.075 for residential and $0.08 for small business the "hidden tax" for power can be substantial. Here is the added charges for Alberta Power Users. ResidentialDistribution $0.51906 per day base fee of $17.13 on a 33 Day billing cycle. $0.00626 per kWh Transmission $0.02135 per kWh Rider K $0.0058 per kWh Local Access Fee $0.0066 per kWh This adds $0.04 per kWh on top of your $0.075 rate. Making your residential rate $0.115 Average for 25 GH/sec with 67 GPU's eats up just over 11kWh x 24h = 264kWh per day on a 33 day billing cycle eats up 8712kWh a month. Factor in the $6.14 "admin" charge and you have a monthly bill of $1025.15 @ residential rates. ********************************************************** Small Business RatesDistribution $0.28839 per day base fee of $9.52 on a 33 Day billing cycle. $0.02081 per kWh Transmission $0.02216 per kWh Rider K $0.0058 per kWh Local Access Fee $0.0066 per kWh This adds $0.05537 per kWh on top of your $0.08 rate. Making your residential rate $0.13537 Average for 25 GH/sec with 67 GPU's eats up just over 11kWh x 24h = 264kWh per day on a 33 day billing cycle eats up 8712kWh a month. Factor in the $6.49 "admin" charge and you have a monthly bill of $1195.35 @ Small Business Rates. "Note" The local access fee is not regulated by the AUC, this is a charge leveied by the City of Edmonton and is passed on by the Distributor. This targets renters to pay a form of property tax instead of increasing property tax for the property owners. All combined not including the per day distribution rate, increases rates by $0.05537 per kWh. |
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Who are the people getting them? :-)
I would hope that it would be DrHaribo (bitminter developer), ckolivas (cgminer developer) and luke-jr (bfgminer developer) so that they can tighten up their software to work with ASIC. Who are the people getting them? :-)
I would hope that it would be DrHaribo (bitminter developer), ckolivas (cgminer developer) and luke-jr (bfgminer developer) so that they can tighten up their software to work with ASIC. I would suggest sending one to forrestv (P2Pool developer) as well, since P2P<->ASIC/FPGA has their own issues as well, tho I suppose that concern could overlap with luke-jr's testing. -- Smoov I concur with both suggestions. |
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i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....
Same Good Price I'm being totally serious. If this isn't making you worried, then you haven't payed enough attention to the way this market behaves.  Just days ago there was a little over 60,000 BTCs on the sell side. Total. Now there are ~200,000 BTCs to $15. It would take almost 2.5 million dollars to get back to where we just were days ago, assuming a single giant buy. AND, the number of bitcoins that has suddenly appeared on MtGox doesn't represent the additional hundreds of thousands that will be entering the market throughout the week, assuming pirate actually makes good on his claim to cover everyone's deposits. In a odd twist of fate, it'd be better for the market for pirate to just run off with all those bitcoins. To say that supply has increased a lot is a laughable understatement, even now, and considering what's coming this looks worse than it did in the lead up to the crash to $2. what if a big holder of BTC's, i know some, decide they want even more BTC. they put up huge ask walls they never intend to sell just to scare the living bejeezus out of guys like you then scoop them up at prices like $7-10? that's what i'd call accumulation. The odds of that happening seem quite a bit lower to me than the odds of the price going down much, much further since, unlike your hypothetical case, the number of bitcoins being thrown up for sale on MtGox has in fact gone up by almost 4x in the past few days and the odds are pretty good that hundreds of thousands more will make their way into the market throughout the week. Maybe there are a few deep pockets out there who want to own a lot of bitcoins, but you'd need some pretty deep pockets to buy right now in the face of what's likely headed this way. well, all i can say is RALLY TIME! price back over $10 and heading higher! I t's going to bounce around as people who sold buy back thinking they're doing it at the bottom. I'm saying, I don't think most of people playing in the market realize that there's a storm headed this way and it's even bigger than the one that already passed through. Indeed there is a possibility of a storm brewing. If you are playing the market, then you have to read the market trends and see sentiment and resistance. However the supply / demand may flip in an instant because of market conditions as you had said. |
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Beat me to it. I'd imagine that one would think the hashrate would go the other way since coins are worth a little less now. Instead it looks like the network's doubled.  Perhaps Largecoin may be behind this also? |
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i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....
Same Good Price |
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I know it's coming and there's no way to stop it but it feels wrong. Mining was supposed to be distributed among the users then pools came about and it became more centralized. P2Pool fixes a lot of the issues with pools gaining too much power. Now with expensive, specialized hardware it raises the barrier to entry. I'm all for securing the blockchain but it seems mining is going to end up being just a few large organizations and screw the little guy. Sound familiar?
There are pro's. Here is the most obvious. If someone makes these things and keeps it private then what? Also now that these devices are available to the public and are specialized. We no longer need to suffer those "virus" "coin miners" giving Bitcoin a bad name. Online retailers like Amazon/Bestbuy/Futureshop and others can help secure the network from 51% issues by having hardware specialy leased to put balance back into the network. Because of our constant diligence at this project we are making progress in technology that would never see the light of day without our community and its members. CPU-GPU all overagain. |
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Also, won't we need to raise our mem clocks on our gpus for this kind of work? It will raise our electricity costs at least 10-20% depending on the cards.
Would memory overclocking also be helpful ?
Well if your using Nvidia then mem clocks are not important. However CPU cycles may be. |
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I just place an order for 3146 8 Jalapenos and 3147 10 Single SC's
Please also include Davidspitzer's order My guess is he ordered July 11 2012. |
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are there anyone who are in top 25 list in btcguild hall of fame ? im just curious The thing is that those that are may only be using 50% of their total hashing power on www.btcguild.com. Those that are not in the top 25 could if they wished move up fast. What would be more prudent is to ask who has the most shares submitted. |
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With my company I can choose a percentage of different accounts that I want my paycheck to go into.
Right now it is 100% into my checking account, but it would be great if I could specify 10% going into an account that converts it into a Bitcoin address for me.
Sure I can do this manually by transferring a certain amount each pay period to Dwolla and then to MtGox and then purchase BTC. But it would seem reasonable that a Bitcoin company would do well providing such a service.
Give Bit-Pay a shot. |
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Outages and unexpected glitches are one thing. As we get close to the 12 hour mark though, it's pretty reasonable to start worrying.
That "hack" story couldn't have come out of nowhere. Well, it could have, this is the internet. But a little bit better communication is really warranted here.
Particularly because no reasonable financial institution would be doing major upgrades to their systems at noon on a weekday. That just doesn't make any sense.
Cavirtex has been a solid exchange for over a year. I fully believe that it will not be a candidate to be shut down by hackers. At the very least not permanently. |
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Okay time to order me some mini sc's |
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