Latest posts of: dblink

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301

on: April 17, 2013, 08:39:43 PM

Quote from: techariah on April 17, 2013, 08:38:14 PM So how does the transaction fee increase? Who enforces a fee for it, and doesn't that have an affect on the perceived value? In a way the node is essentially charging you a surcharge for the transaction you want (right?) so he can be profitable whereas now he is profitable because he gets awarded newly created coins. No one enforces a transaction fee, but a miner/pool doesn't have to include transactions without a fee in their blocks. So if you want faster confirmation, you include a higher fee. That way you are put in the first block possible.

302

on: April 17, 2013, 02:21:19 AM

Quote from: TheTick077 on April 17, 2013, 02:19:06 AM Quote from: dblink on April 17, 2013, 02:15:18 AM Quote from: TheTick077 on April 17, 2013, 02:09:20 AM I have been thinking on the same topic for a few days now (which is really the extent of my bitcoin thinking alltogether). I have debated back and forth on weather to mine Litecoin or Bitcoin. Right now I am mining Bitcoin, only because it is more mainstream. I am thinking about moving over, any suggestions on any changes I will need to make if I do make the transition? Right now mining LTC with similar hardware will get you about 1.4 times the profit, due to the difficulty. Then you can use BTC-E to convert LTC to BTC. Hmmmm...So what do I need to do to get up and running on LTC mining? (BTW I am doing GPU mining at around 200 MH/s) On the forums here there is a gui scrypt miner (LTC uses a different hashing algorithm) and just download it, and run it like you do GUI miner for BTC. I suggest give-me-ltc.com/ for a LTC pool.

303

on: April 17, 2013, 02:17:03 AM

Not bad. Check out the Feathercoin icon. Love it.

304

on: April 17, 2013, 02:15:18 AM

Quote from: TheTick077 on April 17, 2013, 02:09:20 AM I have been thinking on the same topic for a few days now (which is really the extent of my bitcoin thinking alltogether). I have debated back and forth on weather to mine Litecoin or Bitcoin. Right now I am mining Bitcoin, only because it is more mainstream. I am thinking about moving over, any suggestions on any changes I will need to make if I do make the transition? Right now mining LTC with similar hardware will get you about 1.4 times the profit, due to the difficulty. Then you can use BTC-E to convert LTC to BTC.

305

on: April 17, 2013, 02:13:25 AM

I should have registered a looong time about. Being a lurker sucks.

306

on: April 17, 2013, 01:58:29 AM

I am really thinking that LTC will increase in value vs BTC. The lack of viable FPGA or ASIC for scrypt will keep hashing more distributed, with a higher trust, and harder 51% attack.

307

on: April 17, 2013, 01:50:51 AM

I mined back in 2011 during the height of that bubble, and lost interest. Then started buying illegal things with coins when prices were around $10, and have kept up to date since!

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