Possibly mis-read it,
I thought that a 'block' was submitted to the network and then the miners compete to solve the blocks final key.
Since the 'difficulty' is designed to prolong the solving of a block, it makes sense that there is a higher probability for blocks that have been processed for longer are closer to being solved (yep I do understand a client can stumble on the solution at any time, just as i can buy a winning mark 6 ticket the first time)
But the longer the block is processed the less is the probability for getting a 'wrong'(non-final solution) is less?
HC
No, it doesn't matter how long a block has been in process, it has the exact same change at getting mined in the next second as it did 10 minutes ago. It's like trying to roll a die and hit 1. No matter how many times you roll, you have the exact same chance at hitting 1 the next roll as you did for all the prior rolls. |
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The real issue is going to be with 'solo' mining.
There will be a far higher probability of the ASICS hitting the final key for a block of 50/25 bit coins, purely because of the extra speed, no matter what the difficulty.
With the addition of a bit of criminal coding, it would be possible to target blocks that were close to completion.
HC
No block is ever "close to completion". You need to read up on how mining works a bit more. |
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The auction was for a penny ( snail mailed), the bitcoins were free (digitally delivered).
I'm pretty sure there was another user here who was doing a similar thing with paper clips instead of pennies and they got shut down by PayPal too. I was the one doing the paperclip thing. I did get a few chargebacks, but I actually won a dispute for $120 or so. The only difference with that scammer was that he left me positive feedback on eBay after I sent bitcoins. That may have worked in my favor during the dispute process, or it could just have been a fluke. I must emphasize: it was the ONLY dispute case I won. I haven't sold bitcoin on eBay in almost a year. The prices reflect the risk. You may sell a bitcoin for $20, but factor in all your scammers over time and you're not making $9 profit, but maybe $1 or $2. I am genuinely sorry to hear of your recent incident with PalPal. So, even when you provided shipping information for the paperclip, you lost other disputes? Did you ever sell outside of eBay, but using paypal? |
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Successfully sold over 3k USD worth of bitcoins on eBay...
Then I get this:
PayPal previously required accounts that were operating as a currency
dealer or exchanger to obtain prior authorization before utilizing PayPal
services. Your account did not obtain such authorization at that time. We
have since decided to dissociate ourselves as a payment processor for
transactions involving a currency exchange. Per our current Acceptable Use
Policy for Money Service Businesses, PayPal may not be used to operate a
currency exchange, bureau de change or check cashing business.
Due to your failure to comply with the previous policy and the high risk
associated with currency dealers including the sale of electronic media of
exchange (such as electronic money or digital currency), PayPal has made
the decision to sever its business relationship with you. While we wish you
the best of success in your future business endeavors, we respectfully ask
that you seek another method of payment for your online business.
Your PayPal account has been permanently limited and there will be no
appeals to the decision. Any remaining money in your PayPal account balance
will be held for 180 days from the date of the limitation. After 180 days,
the money will be available for you to withdraw.
If you have any further questions, please feel free to contact us again.
Sincerely,
PayPal Compliance Department
PayPal, an eBay Company
How, exactly, were you selling them? Physical on paper, or just digital delivery? |
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Back on topic though, it's sad that AMD has resorted to such large layoffs, but it is true they have had a mixed bag of success.
High End Desktop CPU - Not good, intel crushes them here.
APU - Excellent, AMD has done amazing here at a great price.
Server CPU - Small Improvements, but Intel has historically had this, and hasn't made much dent.
I'd add one more to that list: Budget CPUs - For applications like mining or web browsing, where anything available is fast enough, the lowest cost units reign king. And AMD has that low-end market captured quite sufficiently. The lowest priced AMD desktop chip on Newegg is $39.99. The lowest priced Intel chip is $48.99. A $9 difference, which doesn't seem like much, but it is a 23% increase in the price. Bulk order, and you start to see it add up quick. |
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Probably the result of a blockchain reorg AKA orphan block(s).
Heh. And now imagine that I bought a cup of tea for that 0.125 BTC from a retailer who accepts unconfirmed transactions. Free tea  No. Your transaction would still be "out there" with miners actively working to include it in a transaction somewhere. Eventually, unless there was malicious action on your part, the tea vendor would receive their money. |
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You are right - it cannot possibly be profitable. You'll spend $5 for electricity in a month, and have only $0.20 worth of BTC to show for it. NOT worth it in any sense of the word.
What about BitInstant? No credit card or bank required. Just use cash.
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Probably the result of a blockchain reorg AKA orphan block(s).
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I have a faster (I think 2.6ghz?) 775 chip as well I'd be willing to sell at the right price. Or a 100% overclocker (1.86ghz to 3.74ghz) I also have a Q6600, but that's still being used in my main desktop, so I need to keep it.  |
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Scrybe, reading what you just posted, you have absolutely not understood what my point was. You either read it all again or you don't. I do not care anymore. Also the aggressive tone and personal attacks are unnecessary.
Please do not apply an aggressive tone to my messages, I tend to type like a thesarus by long habit and I also do tend to have strong opinions, like many on this board. I would much rather have a spirited argument followed by a beer (or alternate SR product as appropriate) and resolve an issue than have it fester and cause grief in the long run. This was not intended as a personal attack in any way. I truly am confused with this morbid fascination some seem to have with ASIC manufacturers cheating their customers. I came into this thread because it said I was screwed. I encountered on page 8 a statement by mpradeep that had previously been debunked, and I tried to put it back to bed. I refuted every reasonable argument for it, as well as several unreasonable ones. I have done so with details where appropriate to allow others to learn something about this complex, crazy world of ours at the same time. I thought I was refuting the notion that mining for profit of any reasonable size would be undetectable? It more likely than not if someone was trying to do this it would be a huge spike much larger that $100k worth. And you parroted the "but we can't tell" line so you got caught up in the thread too, if you wish to refute it, my hypothesis is that if any ASIC manufacturer "blows up" the difficulty, the information will leak out and/or rampant speculation will lead to a reaction against someone, a case of Business Russian Roulette at best. Your arguments come down to " not knowing == 50% chance", when I'm trying to point out that it is reality much more like a 0.5-2% chance. You are the one who has accused me of not even considering the possibility when I obviously have given it both a lot of thought and typing. I'm not sure what you thought was a personal attack, but I certainly didn't mean to malign your intelligence or honor, only question your current point in the current context. Apologies if I have offended, but if you think I've missed your core point, please wait until I address the OP, then we can talk more. Thanks for your clarification. Then I misinterpreted your intentions. Let's forget about it. The idea that ASIC manufacturers might cheat is based on experiences in the real world and the Bitcoin community where I have seen people and businesses take the chance of getting caught and cheat the hell out of their customers. Some cases we know of, others we don't and whether or not we know, many have gotten away with it. Look at the scammer threads on this forum or pirateat40, Bitcoinica, GLBSE (both shareholders and most asset holders), or in real life, see your local newspaper: politicians left- to right-wing, company directors and boards, even CEO's of humanitarian organizations may cheat for their own gain. Even with a large risk of getting caught. It has always been like this as long as I can remember. Also, at the time it is happening, everyone suggesting so is attacked by people who have an interest in it not being true. Of course I am not saying that everyone is a crook. But my belief is that most people are if it comes to money. You may hold another view about the world and humanity and I sometimes wish I did, but I don't and I think this may be the root cause of our disagreement about the possibility that ASIC manufacturers may be dishonest. If that is it, we should just agree to disagree and go and grab that beer (or SR product of your choice) sometimes. I hope that all of them prove me wrong, I really do, but I am not betting on it. I think scrybe's point is, even if they are crooks, it would be a dumb move to try and mine on the hardware before sending it out. It is logically a bad choice, even if you assume they have ZERO morals. This isn't an issue of morality - it is an issue of logicality. It would be completely illogical for them to mine on the hardware before sending it out due to the extremely low revenues relative to their revenues made from selling the units. |
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Ok, so I posted this on craigslist already, but decided to see if anyone here was interested in it. This is a factory refurbished Dell Inspiron 15R-N5110, brand new in box. It still comes with the same 1 year warranty from the date of purchase (10/16/12) as any system you would buy brand new. I bought this one for myself, then found another one I wanted to buy instead, but it was too late to cancel this order. It is an excellent laptop, I just decided to go with a 17" instead of a 15". Received both of them today, and I love the 17" one myself! I did start this one up to make sure it was working, then boxed it back up. It is in perfect condition, and started up without a hitch! Asking 43 40 37 BTC (free shipping) or best offer. Full specifications: -- Black -- 15.6 inch High Definition (720p) LED Display with TrueLife -- AMD Radeon HD 6470M - Seymour XT 512MB (Dual) -- 90W AC Adapter -- DataSafe Online Backup Software -- 8X DVD +/- RW Drive -- 1 TB 5400 RPM SATA Hard Drive -- Genuine Windows 7 Home Premium 64-Bit Operating System DVD -- 6 Cell Primary Battery, 48W -- English keyboard -- Microsoft Office Starter -- reduced functionality Word & Excel w/ads & no PowerPoint or Outlook -- Processor: Intel Core i5-2450M Processor (2.4GHz,6MB Cache) -- 6 GB DDR3 SDRAM 1333MHz (2 DIMMs) -- 125V Power Cord -- Genuine Windows 7 Home Premium 64 bit Service Pack 1 -- Integrated Webcam -- Image Restore Software -- Dell Wireless 1702 802.11n/BT3.0 Networking Combo Card -- Insp 15R-N5110: 1 Year Basic Support (In-Home Service after Remote Diagnosis) (Included In Price)    |
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I haven't read through this entire thread, so forgive me if these questions have already been answered, but:
- If someone misses payments and/or defaults on their loan, do you report such activities to the proper credit agencies?
- Is there any reason it wouldn't be legal to sue those who do not repay? Anything that does not make these loans legally binding?
Hello, yes this questions were answered already but i will sum it up for you: The idea behind the service is to create an ecosystem where trust is built and scammers got tagged and are left aside. The verification process purpose is to prevent users from creating multiple high scored accounts. That being said we are working already with collection/credit agencies but this process takes time given the peculiar nature of bitcoin. We do not have a working agreement right now apart from credit verification (not reporting). Thanks for the answers. |
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110 BTC @ 3.0% - is that 3.0% annually or monthly?
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I haven't read through this entire thread, so forgive me if these questions have already been answered, but:
- If someone misses payments and/or defaults on their loan, do you report such activities to the proper credit agencies?
- Is there any reason it wouldn't be legal to sue those who do not repay? Anything that does not make these loans legally binding?
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Good answers, thanks. As Bia mentioned, I think this could be a valuable service to those who need it.
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Buteforced? How do you say that? "Butt-forced"? In that case, it's drawing up nasty imagery in my head.
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I'd be interested in knowing why such a fork took place. Is someone testing a 51% attack method?
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If You are behind NAT then don't open incoming 8333 port (disable UPnP in bitcoin settings) and bitcoin will connect to max of 8 nodes. Just that simple, just that clean!
Thanks all for your numerous "Just that simple" solution. If you haven't noticed, I'm inquiring about a solution for the general public. Can you answer to this guy's problem two post up ? I've noticed too that bitcoind is saturating my upload speed, and I don't even have port forwarding from my gateway linux machine to the 'internal' linux server where I have bitcoind running.
Seems pretty poor design to not have it in the client already to limit upload bandwidth like bittorrent etc. has done for YEARS.
... That IS a solution for the general public. Post 8333 isn't going to be open on the general public's routers, therefore, at max, 8 connections will be made on the general public's computers, limited the upload bandwidth used and solving the "problem". |
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I sense many chargebacks coming your way...
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