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...Is today officially Bitcoin Tsunami Day?
Maybe this is one of those self-evident surprises.
Happy Bitcoin Tsunami Day! I don't know about the rest of you, but I'm celebrating.
We need more days like this...
April 26, 2012 or 'Bitcoin Lollapalooza' -- Expect big things. You heard it here first.
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I received a 2nd shipment of silver recently and I couldn't be happier!
+1 BitcoinMint.US
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The newest version boosted my i7-2600k up ~2.5-3 k/hash per thread. It didn't do anything to my AMD phenom II quad-core though. I even tried downloading it twice and replacing all the .dlls and the miner.exe again. Even still, thanks  |
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I mine on Deepbit with around 1.8 G/hash.
Some days I get 1.5 BTC. Others I get .95 BTC. Variance is a part of mining.
Also depends if you're doing PPS or proportional. If you're doing PPS, then the only thing that varies is your own individual hash rate.
If you're doing proportional, then your payout will be affected not only by variance in your individual hash rate, but also by the pool's hash rate.
My average is .95BTC, variance is small: 0.93-0.98 And i'm not really using deepbit at all anymore EDIT: I'm expecting variance, but the variance currently is a constant -20% vs. expected average. Could be pool hoppers. Edit: And P2Pool is immune to pool hopping. |
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I mine on Deepbit with around 1.8 G/hash.
Some days I get 1.5 BTC. Others I get .95 BTC. Variance is a part of mining.
Also depends if you're doing PPS or proportional. If you're doing PPS, then the only thing that varies is your own individual hash rate.
If you're doing proportional, then your payout will be affected not only by variance in your individual hash rate, but also by the pool's hash rate.
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Why is this so important? The code is publicly available, and algorithm is relatively easy to understand even by non-experts. That's what matters. Satoshi obviously didn't want their identity revealed, why not let it be?
I disagree. That's like saying it doesn't matter knowing who made SolidCoin. |
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Do you pay minimum wage?
I don't pay per hour. Ever. Paying per hour is a total ripoff. It always has been and it always will be. Time is worth way much more than money. I graduated 4 years of high school in 1.5 years too. "Time based" rewards are nonsensical to me. /Atlas moment Seriously, the horrible cliche is indicative of your man-crush. But, thank you for answering my intended question. |
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i fit the bill, and am interested in learning more of your proposal.
PMed |
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In the future there will be those with free electricity, and those with FPGAs.
What are your opinions?
Really that black or white? Only those w/ free electricity or FPGAs. Marginal miners will be squeezed out and difficulty will fall. All that matters is revenue per GH/s. Bitcoinx makes nice charts (I just wish they were based one 1 GH/s).  Today a miner makes about $3.20 daily per GH/s. If the block reward drop was today and price didn't rise AND difficulty didn't fall the same miner wold be making $1.60 per GH/s. My rigs cost about ~$0.90 daily in electricity per GH/s. So I would still be operating. However lets look at the peak in this chart. It was $6.00 daily per GH/s. So lets say hypothetically price rose to ~$7 and difficulty fell 20% that would put us back at $6 daily per GH/s. Then reward got cut in half. That drops us to $3 daily per GH/s. Lower than today but hardly the doomsday scenario right? The network will always adjust (unless people operate at a loss). My guess is that after price & difficulty stabilizes following the drop we will be between $2 & $6 (recent peak and bottom) per GH/s. +1, but I would allows some caveats. For example, people may instead anticipate a rise in value after the reward-halving and continue to mine. Actually, if I had to choose, I might fall on that side of the fence. Potential reasoning for this includes a net rise in demand (i.e. can't mine as quickly but still want Bitcoins? Guess you have to buy them). |
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Is that a guy or a girl singing?
Tranny most likely. Well, "it's" beautiful! |
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Is that a guy or a girl singing?
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This looks awesome, but given the horror stories regarding MtGox customer service, you guys better make sure you have the customer service personnel available on hand. Right now, I don't believe that you do, or are anywhere close.
Just how many staff members do you have, anyway?
But good luck. I hope this works nicely for merchants and customers alike.
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I have 25 computers that i can use to mine coins, i think most of them are running ATI Radeon HD 2400 Pro's. Do you think its worth it to mine using them, free electricity too. It's in my school, how could i set it up without disturbing the people using the computer's. Thanks The way I distribute it around my network is computers is bundle it with some software that runs on all the PC's (that I wrote), and start the process as hidden on a random timer No OpenCL, no mine. |
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About 550 khash/s on a 5970 using the Reaper V13 demo:)
550 kH/s gets you around 270 LTC/day. That same 5970 could be mining at 820 MH/s for nearly .6 BTC/day ... which you can turn around and just buy 450 LTC. Hmm, 270 LTC or 450 LTC. Hard choice  Yeah. I'm not following the LTC-GPU logic train. I think a lot of bitcoiners are pathological liars who actually trick themselves to believe that they're profiting. |
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I have 25 computers that i can use to mine coins, i think most of them are running ATI Radeon HD 2400 Pro's. Do you think its worth it to mine using them, free electricity too. It's in my school, how could i set it up without disturbing the people using the computer's. Thanks Honestly, a single 5870 would probably mine 5-10 times more BTC than all 25 of those computers combined. |
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I swear that on my most recent avatar change I was going also to change my tagline to "Matthew is the new Atlas!"... Not because I suspect that he really is "Boss" but because he's behaving like Atlas lol
I'm a child on a computer pushing buttons. What is this. I don't even.lol |
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mtgox exactly not the place where to get your [first] Bitcoins. Do not be confused by the word "exchange". mtgox is the place for trading not exchanging your spare cash. There are many places where you can just buy Bitcoins at fixed price without hassle.
Where are some of the better places you'd recommend, where you can just buy bitcoins at a fixed price without hassle? If it's ease you're looking for, try dialcoin.com. The fees are quite high, but you can get Bitcoins with a cellphone almost instantly. They might not work in the US though. |
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