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3181  Bitcoin / Bitcoin Discussion / Re: Early speculators' reward on: May 30, 2011, 05:45:21 PM
Is there a thread like this every day?

Is there a snarky response to every such thread?  If you want to reward the speculators, go ahead and tip them.  Feel free to ignore any new chains and enjoy your BTC, whatever the market thinks of them.


There is no need to try to set up a system to artificially reward anyone.  If early adopters held coin they have been rewarded. You can tip anyone you want such as a latecomer.
3182  Bitcoin / Bitcoin Discussion / Re: Early speculators' reward on: May 30, 2011, 05:32:48 PM
Is there a thread like this every day?

Too bad all of those 'speculators' got all of that Apple stock early.  Let's try to figure out a way to reward those true Apple fanboys like me without rewarding all of those who simply bought shares and did nothing else.  Maybe I can print my own Apple shares and say they are MORE valuable then real Apple shares.  Maybe you all can help me make this work.
3183  Bitcoin / Mining / Re: Arduino Miner? on: May 30, 2011, 04:06:25 PM
The arduino advantage is once you have a working prototype, it costs around 2.5$ per core to build your implementation, very little costs for the surrounding parts, and can be implemented with low-tech tools like a soldering iron, some PCBs and etching solution. The proposed alternatives require more development work, more expensive parts and assemblies.

What does a 5870 cost per core?  1600 cores/$320 (for easy calc) so maybe 5 cents a core?
3184  Other / Politics & Society / Re: Burning the Patriot Act. on: May 30, 2011, 02:42:19 PM


Ironic how Obama is in the picture when Bush did more to kill the constitution in his term.
3185  Bitcoin / Mining / Re: What Mh/s are you mining at? on: May 29, 2011, 09:55:31 PM
Around 2800 Mh/s here.  It may go up a bit as I clean up and update a few machines.
3186  Bitcoin / Mining / Re: my opinion about mining on: May 29, 2011, 09:53:36 PM
When you say "a matter of days" do you mean a matter of months?  When I see the phrase "a matter of days" I think of a few days, maybe a week at the most.  Mining hardware will not pay back that fast.
3187  Bitcoin / Bitcoin Discussion / Re: Forking the blockchain vs. discriminating against "old" coins on: May 29, 2011, 09:46:09 PM
What are you going to do about the early adopters of the new fork?

All this bitterness against the early adopters cracks me up. Fucking bravo I say.
+1

I joined in Feb, have no 'old' coins and am happy as I could be.  I can now sell items online with almost no 'financial friction' due to bitcoin.  Try selling a $2 item via paypal once and see how much you collect.  

The early adopters put in the time, built up the community and without them we would not be here.
3188  Bitcoin / Project Development / Re: Bitcoin fork for a small town on: May 29, 2011, 04:13:07 PM
I want to fork the bitcoin code for a small town of 36,000 people.

Basically, the people I am working with want to foster barter in the town.

I think it's obvious that we cannot ride the coattails of the bitcoin project with the first mover BTC.  Too much chaos in the exchange rate.

One thing I would add to this fork is to control IP addresses that are allowed to mine.

I want to keep the difficulty low enough for CPU mining.  That means no random entries to the network.  Everything beyond mining is encouraged to be as anonymous as possible.

I cannot, and do not want, to stop a verified miner from going nuts with a farm.  I think it's highly unlikely that this project would suffer the same mining chaos of the main branch.

The key is white listing IP addresses.

Can this be done?

This post is short and I have to go for the moment but I would really like opinions on how to make this project work.

Thanks.

I just can not see how this is a good thing.  The person controlling the whitelist can then be subject to cheating by allowing friends (ones even outside the town) to mine.  With such a small community the mining being controlled would allow some to profit greatly from the creation of new coins.  There would be no impartial market based control of mining as there is with bitcoin.

Just set up a barter system between your town, or convince them to use bitcoin as is.
3189  Bitcoin / Mining / Re: Cheap XFX 5850 seems unstable when OC'd on: May 29, 2011, 02:13:56 AM
This is a non reference card (they make reference and non-reference)
I'm getting 273Mh/s on stock speeds on guiminer.  When I tried to ramp it up it crashed, with higher OC's crashing sooner.

seems like I might as well have saved $40 and gone with a 5830.

does anyone have any advice?

what sort of boost have people seen from down clocking memory?
should I try bumping up voltage from stock 1.09 to see if that makes OC stable?

What's the talk about the ATI stream SDK?  Do I just go to the ATI download site and install it for a boost?

While I do have some XFX gear, it is cheaper stuff and the fan is not as good as the reference design.  Stick with standard clocks for that card if it is stable. 
3190  Bitcoin / Mining / Re: 3K worth of mining equipment did it all fail? on: May 29, 2011, 02:12:29 AM
Hi Folks,

I recently spent around 3k on hardware. I have several of these riggs made, and need some rescuing.

Motherboard is MSI 890FXA - it has 5 PCIe X16 Slots. I bought some extensions for them that will come soon.

I have 2 6950s plugged into each rig so far, no cross fire, no dummy plugs. My Riggs will run for about an hour then go into a black screen state and not do anything...

My powersupply is 1k Watt Kingwin,

What seems to be the problem here does anyone know?

From experience I would say the problem is the power supply.  Kingwin is OK.  Bitcoin mining needs better then OK hardware. 

Make sure you have turned off all power conserving settings, no screen savers, sleep, hibernate, drive shutdown etc of course. 
3191  Other / Obsolete (buying) / Re: [Buying] High end laptop on: May 28, 2011, 02:38:00 AM
I have a 2008 macbook pro 2.4ghz C2D 6gb 1tb 15" that will be for sale next week.  They pretty regularly go for $850 on ebay with smaller hd's. I have the box, a newish battery (6 months old), 10.6 os disk and power pack of course. 

I would take $800 equivalent in BTC. 


3192  Economy / Trading Discussion / Re: hackers giving anyone else's site trouble? on: May 28, 2011, 01:24:48 AM
I've caught 2 different IP addresses trying to sql inject bitmunchies.  So far, no damage, but I am starting to wonder if this is one of the prices of doing business in bitcoins.  Can anyone relate to this experience?

Just keep updating your opencart as soon as updates come out.  All popular shopping carts seem to be probed for weaknesses.  They are looking to break in and get credit card numbers so actually bitcoin sites are a POOR target.  They could have complete control of my server they could still get no coins and no credit card numbers.
3193  Other / Politics & Society / Re: Liberals, why do you like Bitcoin? on: May 27, 2011, 11:47:10 PM
Why you preoccupied with liberals, politics, conservatives - etc.

Who gives a fuck?  Seriously?

I'm here to make money.  Guess what?  No ideology makes sense,  in fact, nothing does.

+1
3194  Other / Obsolete (selling) / Re: To all people who defend the value of the BTC on: May 27, 2011, 05:36:59 PM
"Can't fill complete order!
Buy 31637.13 BTC for 321448.3 USD

Can't fill complete order!
Sell 24200.2 BTC for 181720.18 USD"


With the very basic logic i have with me , doesn't this show that the supply is 30% higher than demand ? even though the depth shows open orders ( which can be laregly speculative).

average whole market bidding ( 7.5$ )
average whole market asking ( 10.1$ )

put it in another words , it would take me 24000 coins to cover alll the coins demands on the cost of almost half of the whole supply.

someone can explain this to me  ( in basic english ? )
This is how the real stock market works as well.  There are usually many more sell orders listed (at out of market prices) vs the buy orders. 

The demand/supply curve is where these two meet, and there is a lot of volume at mtgox.

PS - this thread should be moved to trading discussion or general discussion. 
3195  Other / Obsolete (selling) / Re: Clear 4g Wireless internet service in 80 cities PREPAID 1 year via BitCoin on: May 27, 2011, 05:31:30 PM
Revised prices down due to clear.com promotions!
3196  Bitcoin / Mining / Re: transacton fee belongs to pool operators on: May 27, 2011, 05:23:24 PM
1  transacton fee(if there is) belongs to pool operators( acturally the block creater, most are pool operators) is that true?
2  how can pool operators determine labors who just submit share hash done no result found , without any calculation?




You can see the fees at blockexplorer.com by clicking on the finished blocks.

http://blockexplorer.com/block/0000000000000a8dcfcd6258e51298aac235bb1e9e35fe4b9f1ecbfae0cb8985

I looked at the last group for the fees.
.01
.1
0
.02
.03
So for the last 5 blocks all combined the fees are .16 btc  Not really much at all.  The pool operators are not 'cashing in' on these fees by keeping them yet.
3197  Bitcoin / Bitcoin Discussion / Re: When and how did you find out about Bitcoin? on: May 27, 2011, 03:07:19 AM
One of my friends must have seen the slashdot article in February. I dismissed it for a week because he didn't describe it thoroughly (I'm pretty sure I was under the impression that it was centralized and that mining was a way of cheating the system, based on his initial description). Eventually, he posted a blog post that was much more descriptive and piqued my interest. I spent an entire day reading about it and decided to get into it. Started mining a bit. Got lucky and bought 40 of them at nearly their lowest price since I was introduced to it (about 70 cents each). Holding most of it because of ridiculous deflation but trying to use it where convenient.

tl;dr: irl friend in February.
The slashdot article in Feb for me, I ordered my first Radeon 5830 that week. 
3198  Bitcoin / Bitcoin Discussion / Re: Impresssed that bitcoin is holding value at 15 blocks an hour on: May 26, 2011, 04:39:09 PM
i'm buying 5970s and 6990s for half price. anyone selling yet? Wink

there are going to be so many, it's only a matter of time

There will be cards... but not the 6990 and maybe not the 5970.  Not half price in 2011 at least. 

If difficulty keeps going up without a rise in price, 58XX could be half their price in two months
3199  Bitcoin / Bitcoin Discussion / Re: Impresssed that bitcoin is holding value at 15 blocks an hour on: May 26, 2011, 03:12:54 PM
i'm buying 5970s and 6990s for half price. anyone selling yet? Wink
I think 5870's and lower may drop but the 6990 has uses as one of the best cards in gaming.  It will take a while before it drops to half or below $400.

3200  Bitcoin / Bitcoin Discussion / Impresssed that bitcoin is holding value at 15 blocks an hour on: May 26, 2011, 02:38:44 PM
Sorry, just had to say it.
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