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301  Economy / Economics / Re: Price seems stable now... on: June 16, 2011, 04:53:48 PM
Nothing artificial about it, this is how markets behave. Also this comment: 'It's stable because no big sells nor big buys were made recently. Granted, the longer it stays stable, the bigger a buy/sell would need to be for prices to actually budge.' is not the right way to look at it. Price is not moving so much because there is equal number of buys to sells. When one side gives in it will break to make a new range. Often when price breaks out of consolidation they are big moves however quickly bounce back into the range as it meets fresh supply/demand. The fact is the market is in agreement at the value of a bitcoin, untill the market tries to agree on the new value..

 Btw when you mention trap, which side do you mean for? Is it a bull trap or bear trap? Tbh if you say either one or the other you will have 50% chance of being correct.... Nobody can tell whether its going to move up or down, unless they are big investor looking to buy/sell thousands.

I dont completely agree nor disagree with you.

What I do know, looking at the live data from mtgox, majority of the traffic is bot-related counter bidding and keeping the price between 19-20 margins.

I dont why why its being done cause the margins is way to small to avoid the 1.3% fee from mtgox, so maybe someone else could figure this pickle out.

Sure, Im not looking to get into some kind of debate here of who is right or wrong, just adding my input. I think though you will find your comment still supports my original. Equal number of buys and sells, whoever it may be.
302  Economy / Economics / Re: Price seems stable now... on: June 16, 2011, 04:45:56 PM
Nothing artificial about it, this is how markets behave. Also this comment: 'It's stable because no big sells nor big buys were made recently. Granted, the longer it stays stable, the bigger a buy/sell would need to be for prices to actually budge.' is not the right way to look at it. Price is not moving so much because there is equal number of buys to sells. When one side gives in it will break to make a new range. Often when price breaks out of consolidation they are big moves however quickly bounce back into the range as it meets fresh supply/demand. The fact is the market is in agreement at the value of a bitcoin, untill the market tries to agree on the new value..

 Btw when you mention trap, which side do you mean for? Is it a bull trap or bear trap? Tbh if you say either one or the other you will have 50% chance of being correct.... Nobody can tell whether its going to move up or down, unless they are big investor looking to buy/sell thousands.
303  Bitcoin / Pools / Re: Cooperative mining (1.5Thash/s) on: June 13, 2011, 10:07:59 PM
Hi I still cant access and I have not recieved email. anyone else having problems?
304  Bitcoin / Pools / Re: MORE DDoS on Deepbit? on: June 13, 2011, 07:26:11 PM
I cant connect to slushes pool. It says the site was DDoSED and to look at the forum thread but I cant find it. Would be helpful if there was a link on the site to go to...
305  Economy / Speculation / Re: The Price is crashing people!! get out while you can!! on: June 12, 2011, 07:44:54 PM
I would agree that selling some of your 50k bitcoins is actually a smart move. Being too greedy can leave you with nothing.
306  Economy / Speculation / Re: Bitcoin to rally to $50+ on: June 12, 2011, 07:26:02 PM
Just thought I would add my view.
The only real value of bitcoin at the moment is speculation. Everything always boils down to supply and demand. Eventually bitcoin will stabalise as the market starts to agree on the value of a bitcoin. Because it is early days, we will see massive jumps in price due to increase of market participents plus people holding onto their bitcoins selling when price looks tasty. Anyone that says there is no danger of bitcoin crashing and just going into the history books as a failed currency, should be carefull. I would however tend to agree that bitcoin is most likely here to stay, at least for the medium term. There would not even need to be an adoption of it as a currency/payment for it to sustain itself, since it has become a tradable asset.
307  Bitcoin / Bitcoin Technical Support / Re: Setting RPC Miner for second GPU on: June 12, 2011, 09:20:41 AM
its ok got it sorted now thanks. RPC miner comes with the option '-gpu=x' allowing you to set the gpu unit to process. It starts the index at 0 so the first gpu unit is default and the second would be set to '-gpu=1' just in case anyone else wanteed to know.
308  Bitcoin / Development & Technical Discussion / Re: Question: distributed mining with BOINC on: June 12, 2011, 12:03:52 AM
Quote
On the other hand, I have thought there exists a potential for cheating when it comes to the bitcoin exchanges.  You place your buy orders and someone places the sell orders.  Suppose I place a 1000 coin buy order for 35 cents and someone else places a sell order for 33 cents?  My order could say "filled" at 35 cents, the seller's order could say "filled" at 33 cents and the brokerage keeps the stated percentage for the service plus makes twenty bucks on the transaction.  Then the days prices could just reflect a trading HIGH of 35 cents and a LOW of 33 cents and no one is the wiser.  Or am I wrong?

broker makes commission between the bid and ask price, its a part of every tradable market.
Of course brokers can manipulate the price to their favour however as said before reputation is key to success and most brokers are regulated.
309  Bitcoin / Development & Technical Discussion / Re: Using Xbox to Mine? on: June 11, 2011, 11:51:02 PM
ok thanks, stupid question answered!
310  Bitcoin / Development & Technical Discussion / Using Xbox to Mine? on: June 11, 2011, 08:26:36 PM
I wondered if it would be possible and worthwhile to try and mine using xbox or any other console? Probably a stupid question and something someone else would have thought about before but you never know..
311  Bitcoin / Bitcoin Technical Support / Setting RPC Miner for second GPU on: June 09, 2011, 07:24:19 PM
Hi, earlier today I had great help from someoneweird. I had to use the RPC miner to run my gefore GT240 ..

Now I have installed a second GPU I had lying around it is GS8400.

It is installed correctly and RPC has found both devices, however RPC says that it is using the first found GPU, which is the GT240. I wondered how I could get it to use the second GPU instead, and/or if possible use both?..

well I guess to use both just have two seperate .bat files one pointing to the first gpu and second to run the second...
312  Bitcoin / Mining / Re: power supply support on: June 09, 2011, 05:23:08 PM
Dont neccessarily go for the highest rated power output PSU. The reason being that peak output can be very different to normal output. You would be better off buying a lower rated peak output model at the same price because it would be more effecient.

 For example a $100 PSU rated at 1000w may actually only run at 600w 90% of the time. Whereas a 800w rated model for the same price may run at 700w 90% of the time because it has better tolereances due to better manufacturing and components.

 Of course you should look into what psu your going to buy because this rule does not fit all, you may even find it better to get a decent second hand PSU and save some money but get a better model. Also a more expensive model will be more likely to last longer.

 Just thought I would mention my view...
313  Bitcoin / Bitcoin Technical Support / Re: Difficulty Installing - Noob on: June 09, 2011, 11:48:02 AM
Nice work someoneweird! Thanks for your help, got it all sorted now. Thank you also mapwow.
314  Bitcoin / Bitcoin Technical Support / Re: Difficulty Installing - Noob on: June 09, 2011, 10:23:05 AM
Hi sorry I had issue with my computer and antivirus, have just added you now.
315  Bitcoin / Bitcoin Technical Support / Re: Difficulty Installing - Noob on: June 09, 2011, 08:56:31 AM
I have radmin and skype, but I wouldnt want to put you out over it.
316  Bitcoin / Bitcoin Technical Support / Re: Difficulty Installing - Noob on: June 09, 2011, 08:48:53 AM
Ok I installed the AMD sdk but still the same problem.
Do you think I should un-install everything and re-install in the c:\ directory rather than program files ?
317  Bitcoin / Bitcoin Technical Support / Re: Difficulty Installing - Noob on: June 09, 2011, 08:29:32 AM
rite... ok I am doing that now.

However on further looking into it, it also seems that because I have installed it into Program Files the spaces make it so it cannot find the poclbm.exe program...
318  Bitcoin / Bitcoin Technical Support / Re: Difficulty Installing - Noob on: June 09, 2011, 08:08:05 AM
Ok I have tried those and others ways around, now the black screen just flash up. So I enter these into cmd direct and get this:

Import Error: No Module Names linecache
Traceback (most recent call last):
File "poclbm.py", line 3 , in <module>
Import Error: no module named pyopencl
....
319  Bitcoin / Bitcoin Technical Support / Re: Difficulty Installing - Noob on: June 09, 2011, 07:54:13 AM
Code:
cd C:\Program Files (x86)\Bitcoin\poclbm\ poclbm.exe --host=mining.bitcoin.cz --port=8332 --user=*******.***** --pass=***** --device=0

I have replaced sensitive with stars **

Also I know this is not the exact code as suggested for the example, since I am not using 'start /DC:/' and instead using cd to change directory first.
I have to do this because of where I have installed bitcoin, as I believe spaces in the directory at 'Program Files (x86) causing problems.
I have also tried to seperate the lines and same issue.

Thanks for your help..
320  Bitcoin / Bitcoin Technical Support / Difficulty Installing - Noob on: June 09, 2011, 07:40:00 AM
Hi, I have gone through the very thorough installation guides to joining the pool and getting the rig set up.

I feel I am almost there but I have a problem:

I am able to run the bitcoin server client correctly.
I have the poclbm files extracted and put into a new folder within the directory of bitcoin folder.
I have created the .bat file to run the poclbm pool thing and used my correct username and password to connect with the server, all is set up correctly at the website as well.

However, when I try to run this the screen just flashes up and goes away instantly. It does not appear to be the command prompt because it is a white screen, at least I think so.
I have read about this could be an issue with the driver and not having OpenCL installed corectly....

So I downloaded the GPU caps viewer, which indicates OpenCL is installed.
Also I have just updated my driver for the GPU I have. But still this problem happens.

My system is:

windows 7 64bit,
GPU Nvidia GT240
Intel i5 3.20Ghz

There was at one point an issue with a file being missing, that was the poclbm.py file, but I have since installed that from gimphub. Now it has this screen flash up...

I suspect that it could be a driver issue with my GPU, but I am not sure what to do next.
I have also tried to change the driver=0 to driver=1 in the .bat file.

Any help appreciated..
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