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3361  Economy / Speculation / Re: Price halved, miners leaving, is there a future for a market? on: October 01, 2011, 07:53:55 PM
The market cap of bitcoin was (and still is) tiny. A huge bubble was easily formed earlier this summer, and a lot of people panicked when the inevitable correction came. I think we oversold after the bubble burst. Keep in mind that many bitcoin owners, and probably miners especially, know little to nothing about markets, which only exacerbated the bubble inflation and subsequent overcorrection. The longer the market stays stable, the more confidence investors will gain back, and the more they'll start buying.
3362  Economy / Speculation / Re: Rally is starting on: September 30, 2011, 09:24:30 PM
No legs on this rally so far.
3363  Bitcoin / Mining / Re: PCI SLOT on: September 30, 2011, 08:57:00 PM
Just be careful -- I bought a used MSI motherboard with an Opteron CPU and 2 PCI-E slots, but they didn't work with most modern video cards! Turned out they were PCI-E 1.1 instead of 2.0, and this particular mobo had problems with certain video cards -- such as ATI 5XXX and 6XXX series cards, that's all...

It must be something other than PCIe 1.1 that was causing issues.  PCIe is both forward and backwards compatible.

PCIe 1.1 card in 2.0 slot is fine.
PCIe 2.0 card in 1.1 slot is fine.

You are simply limited to bandwidth of the lesser protocol but then again a serial cable has more than enough bandwidth for a miner.


Indeed. I've got an old socket 940 SLI board running two ATI GPUs. The board only supports PCIe 1.1. As you go back in time, motherboards were less well made, and much more of a pain in the ass, so there are a lot of other potential issues.
3364  Bitcoin / Pools / Re: [1800 GH/sec] BTC Guild - 0% Fees, LP, SSL, API, 8 Decimal Payouts and more! on: September 29, 2011, 05:25:18 AM
For the last two days, the miners on one of my machines fail, with the word "Killed" at the end of the command line. I'm running 5850s on linuxcoin, using phoenix with phatk, and I was running for weeks on end with no failures previously. Does anyone know what the problem might be and/or how to correct it? Thanks
3365  Bitcoin / Bitcoin Discussion / Re: New Bit-Pay Video! Alison and Ashly demonstrate Mobile Checkout on: September 23, 2011, 06:14:52 PM
As much as I like the 2girls1coin video, this product does not have a place in the market. PayPal barely scratched the surface of retail with millions of invested dollars. Credit cards are the IPv4 of retail, the industry workhorse that's always "just about" to be replaced.

It has a place in the market to the extent that people are using Bitcoins. If Bitcoin doesn't have a place in the market, then your statement is correct.

Your comparison with Paypal isn't quite valid. The Bitpay solution is more like a way for a bar to accept euros or yen, and will be in demand to the extent that euros or yen (or Bitcoins) are present in the economy.

And credit cards, as a medium (a plastic rectangle piece in your wallet) will be gone soon. See Google Wallet.

The comparison with PayPal is entirely relevant: here we have a massive company with 100 million of active customers and 70 billion annual turnover. They could easily build a mobile application that enables the bar to accept euros or yens from the user's PayPal account. Such an application would be thousands of times more interesting to the bar than Bit-Pay mobile, since thousands times more people have non-zero PayPal accounts than bitcoin balances. Yet what does PayPal do ? They issue their own credit card - they want a piece of the credit card action ! That's because even for PayPal the network effect is too faint for retailers to bother implementing their system.

Online and e-commerce is where ecurrency works. If it succeeds there, maybe, just maybe there's a chance in the retail world, but this product does not have, at the moment, any place in the market.

As for credit cards going away, let's not get ahead of ourselves. The physical aspect changed from carbon copy to magstripe to chip and now to NFC. But the same old credit card cartel gets to steal 3% of your purchase, represented by MasterCard in the case of Google Wallet.

I wouldn't want to use paypal through my cellphone at a bar because it would be much less cumbersome to whip out a card. Also, whether a bar accepts paypal or a credit card, they're going to have to pay high fees. Essentially then, accepting paypal would provide no advantage whatsoever.

Bitcoin payments may be as cumbersome as paypal, but they have the advantage of not having fees (or a low fee, like bit-pay's).
3366  Bitcoin / Mining speculation / Re: I'm not seeing miners leave in hordes... on: September 21, 2011, 04:04:01 PM
If the BTC price stays this low for long enough, I'll be leaving for WoW as well. For the horde!
3367  Bitcoin / Mining / Re: at 7$ per btc i need to pull the plug on: September 16, 2011, 05:30:01 PM
Yeah, I'd like to put off selling my hardware if possible. I've become too attached to it. Roll Eyes
3368  Bitcoin / Mining / Re: Solo Mining on: September 15, 2011, 08:26:50 PM
Pools can have some pretty nasty bad luck streaks. I've seen some last for days and days with 60 Ghash pools. If you had that kind of luck solo mining, you'd be looking at months and months with no found blocks.
3369  Bitcoin / Mining speculation / Re: I'm not seeing miners leave in hoardes... on: September 15, 2011, 08:13:47 PM
half the electric used for mining put into a more profitable venture. You can even recycle your parts lol look at the computer fan on the right lol



I would like to say this is a joke and I don't cultivate cannabis Cheesy I took this picture from google images.

Growing coral is somewhere up in the mix as far as using electricity to make money.  There is a lot of coral that goes for $200 a frag -- some only approx. 1 square inch.  I'm about to get back into the saltwater reef hobby, but not to make money.  Just a little 1.5 gallon pico.

These all go for $200+ and are just the tip of the iceberg.  The disc they are glued on to is 1-2" in diameter.


Hilariously enough, I farm coral as well as the ganj. Nowhere near as profitable as growing dope, and takes a HELL of a lot more time and effort. You need a ton of space to make a profit. Reefer takes 3.5 months to mature, most of those coral frags were grown out for a year at least, with a lot of expensive consumables sustaining them, not to mention having to procure the original genetics for highway robbery prices.

randy, is that you from reefcentral.com ?

The funny thing is, that could be the name of a weed site, or a coral site.
3370  Bitcoin / Mining / Re: at 7$ per btc i need to pull the plug on: September 15, 2011, 08:11:19 PM
So aside from bitcoin, and maybe gaming, does anyone know of any other ways to sell GPU computing power?
3371  Other / Meta / Re: Forum hack user data on: September 13, 2011, 08:33:55 PM
I have to believe that one or more of the following three things are true: 1) these people are paid to be here, 2) Bitcoin threatens their very manner of existence in some way, or 3) these people operate with a totally different set of values than the rest of us.

You missed one...

4) Some people who were interested in Bitcoin have seen it attract crowds of gullible fucking lunatics who queue up to be scammed again and again and again. They tried pointing out the stupidity, wishful thinking and maybe even predicted some of the incessant chain of cluster-fucks that more-or-less defines the "bitcoin ecosystem". About the only thing left to do is try and get a laugh out of it.

So, since  a few intellectually impaired people have been scammed out of their bitcoins, you've launched a vendetta against bitcoin?
3372  Other / Beginners & Help / Re: who benifit most from the btc price drop on: September 13, 2011, 02:51:21 AM
Pretty much any speculator or investor.
3373  Other / Beginners & Help / Re: Please advice in buying mining system up to 5000 $ on: September 13, 2011, 02:46:21 AM
At the current price, it could take years to even break even. Depending on the price of electricity in your area, you may very well lose money. If I were you, I'd do a lot more research. You'd likely be better off just buying some coins.
3374  Other / Beginners & Help / Re: Dont buy overpriced PCI-E raisers / extenders weight your options! on: September 12, 2011, 06:52:08 PM
Most of my risers I just paid a few bucks each for on ebay. I did however buy a $25 riser with molex from cablesaurus. It works great, and the shipping was fast, but $25 is still a complete ripoff.
3375  Other / Beginners & Help / Re: Mining with Catalyst 11.9rc on: September 12, 2011, 05:42:56 PM
Has anyone tried 11.9rc with linux?
3376  Other / Beginners & Help / Re: Command terminates with "Killed" on: September 11, 2011, 09:02:28 AM
Just an update, in case anyone else has the same problem. I switched mining pools from eclipse to btcguild and I no longer have this problem.
3377  Other / Beginners & Help / Re: 10 Rigs on: September 09, 2011, 04:45:04 PM
So what is the point in mining??

Surely theres a rig that can be built that could pay for itself and earn real money?

Isnt there???

No.
Just buy bitcoins when you think the price is near the bottom.
3378  Other / Beginners & Help / Re: Command terminates with "Killed" on: September 08, 2011, 11:41:55 PM
Any ideas? I'd be grateful Grin
3379  Other / Beginners & Help / Re: Looking for a 8 pci expansion slot case on: September 07, 2011, 11:22:59 PM
I use the Antec 200. I picked it up for $29.99 at NewEgg.
3380  Other / Beginners & Help / Re: Command terminates with "Killed" on: September 07, 2011, 11:21:36 PM
Yes, I'm running linuxcoin. There's no error message to speak of. The process just stops abruptly, with the word "Killed" at the end of the command line. I just restart the process again, and it gets killed again after another 6000-8000 shares are submitted.
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