Maybe it's the still fresh memory of fifty years as a satellite of the Sovjet Union but the Poles remained un-phased by the bearshit-storm blowing down off the Mountain.
They remained un-phased because nowadays they are a satellite of the United States. |
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I'm not sure I understand what you mean. I don't believe you don't understand... The performance of K is equivalent to linking around one million desktop computers, Mr. Dongarra said. How many working desktop computers is bitcoin network currently linking? Ten thousand? One hundred thousand? Half a million? |
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Measuring in flops is silly, hashes don't use and floating point operations. Anyway, using your numbers, that means that the network is 103 petaflops, so another 8 isn't that much.
DamienBlack, I'm quoting a respectful source - http://www.bitcoinwatch.com/Network Hashrate Gigahashs/s - 8166.60
Network Hashrate TeraFLOP/s - 103716 I'm sorry you think this is trolling. |
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Current network hashrate is 103915 teraflop/s while a single super computer is able to make 8.2 petaflop/s. “It’s a very impressive machine,” Mr. Dongarra said. “It’s a lot more powerful than the other computers.”
The latest ranking of the top 500 computers, to be released Monday, is determined by running a standard mathematical equation. The winning computer was able to make 8.2 quadrillion calculations per second, or in more technical terms, 8.2 petaflops per second.
The performance of K is equivalent to linking around one million desktop computers, Mr. Dongarra said.
http://www.nytimes.com/2011/06/20/technology/20computer.html |
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laundering bitcoins is a snack.
Guide? |
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For a given difficulty, there is a target hash value and all hashes smaller than this target value are valid solutions to a block. I don't understand why do you treat all hashes generated in the system as solutions? They are merely generated hash values -- attempts to solve POF problem. Every hash value bigger than target hash value isn't a solution at all, because under no circumstances it can be accepted as a solution to POF problem! A solution is validated against all other solutions and if its hash value is the smallest it is accepted as the valid solution to a block. To a certain extend, I can see your logic for clients of mining pools. But it is incorrect for a solo mining client, in my view. I'm curious to see someone's success in using guiminer solo mining and look at the proof, of course. I don't want to derail this topic discussing the technical details of mining, so if you're still confused let's move this to a separate topic  Sure. Thanks once again for the great job you do with guiminer. A Linux option would be appreciated. |
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Bitcoin7 is not offering any type of fiat currency exchange <- for this you 100% you need a license. It is an exchange for bitcoins AND fiat currencies! For Virtual currency <-> Fiat deposit collection we don't have to be licensed 100% For fiat deposit collection you have to be licensed 100%! You can't be licensed 63% or 29%. |
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What is shown there is a "difficulty 1 hash" being reported, which is analogous to a share being reported in a pool. Exactly. Which means 'difficulty 1 hash 1' is analogous to 'shares 1 hash 1'... And this is precisely what we see on 'Summary' tab - Accepted 1 (1). There is no point in accepting 'Difficulty 1 (1), of course. Just as a small fraction of shares are valid solutions to a block, a small fraction of these hashes are valid solutions to a block. I don't get this at all. There is only one valid solution to a block, not many. Whatever small they are, shares are always part of a valid solution to a block. Otherwise, they wouldn't be shares at all, because they would be shares of zero! This explanation is rather unconvincing, Kiv. Sorry. |
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Just one more thing about the negative things, said here regarding cybercrime and Bulgaria...
You have no license to be an exchange in Bulgaria, bitcoin7. How would you compensate your customers if your bank accounts are suspended? |
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The BTC reward from mining a new block cannot be spent until 120 blocks.
This is a major clarification, error. Thanks. So, if I am a solo miner I'll get the mining reward 120 blocks after I've solved a block or I get it instantly but system would not accept it for payment until 120 blocks are solved after it? You will see the 50 BTC in your Bitcoin client after 2 confirmations; and it will say 118 blocks until maturity. After 120 confirmations you will be able to spend it. Confirmations for what? Do I need to confirm receipt of those confirmations?! Do you mean 2 solved blocks? If so how is that different to the regular block count on the bitcoin client? Is there a screenshot I can see how do they look like? Again, thanks for taking the time to respond. |
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The BTC reward from mining a new block cannot be spent until 120 blocks.
This is a major clarification, error. Thanks. So, if I am a solo miner I'll get the mining reward 120 blocks after I've solved a block or I get it instantly but system would not accept it for payment until 120 blocks are solved after it? |
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Here's my experience with Bitcoin7:
I transferred $1750 from MtGox to Bitcoin7. It took 4 hours to clear.
I bought just under 100btc. $5.238 was added to my account as a "promo bonus".
I transfered those btc to my wallet.
They showed up immediately as 0/unconfirmed. They are now sitting at 6 confirmations.
Maybe they cut corners on the text, but they don't seem to be outright thieves.
Jere
It would also probably be more profitable to build and promote a legit exchange out of US government control. However, it would also make sense to go in for the long haul until there's lots of BTC sitting in wallets at Bitcoin7 before shutting down and taking all that sweet, sweet BTC with them. Using the word 'exchange' in Bulgaria without being regulated by the financial authorities is illegal. And this might result in their accounts in every bulgarian bank they use to be suspended and blocked! This can happen after a month or two but it may happen tomorrow as well. |
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That doesn't really make them less trustworthy though, it is not like all escrow companies are registered in EU or USA...  As you live in Bulgaria, you should know Bulgaria is in EU  Well is it true that you can register a company in Bulgaria for only 1 euro? |
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The transfer from another person can almost instantly be visible in your wallet, but it can take around 10 minutes until I can use it. So far so good. On FAQ page of one of the mining pools, however, you can read that transactions on the bitcoin network can take up to 120 blocks (20 hours) to be verified. Anyone willing to enlighten me how block chain of 120 blocks can be verified?
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A new version of the miner is available Kiv, thanks for the great work you do for all BTC enthusiasts. Yesterday, however, something very strange happened. I was using guiminer solo to mine and despite very low hash generation power (about 1.5 Mhash/s) a block was solved and the corresponding single share accepted. But I didn't get the 50 BTC on my bitcoin balance... This has happened somewhere in between blocks 130798-130805. Could you please help explain what went wrong? See below screen shots I made:  ---  Thanks for taking the time to have a look at it. |
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I believe I know what is a daemon in computing, but what is a headless daemon? Besides bitcoind what other examples of headless daemons that are both clients and daemons we have in mass use currently?
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For now, most suitable version of bitcoin client for windows is 0.3.20.
I've installed older version 0.3.21 and then tried 0.3.20. Message for problem connecting to bitcoin RPC disappeared. It is showing the correct Mhash/s rate, but it is also showing 'Difficulty 1 hashes: 0'. Isn't it supposed to show the correct difficulty for current block? Thanks again for help. |
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Do you trying to mine solo ? Login/pass in bitcoin.conf are just for solo mining.
If you mining solo - use other version of bitcoin client (not 0.3.22) or read through theme about 0.3.22 at forum and tune it up.
Thanks, Dobrodav. Yes, I'm trying to setup solo mining with login/pass in bitcoin.conf. Which version of bitcoin client is best suited for this? |
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When I try to start guiminer mining, I get "Problems communicating with bitcoin RPC" in the status bar and the miner doesn't start. I already checked that my bitcoin.conf contains the correct username and password. I am using:
GUIMiner version: v2011-06-09
Operating system: Vista SP2
Video card: nvidia geforce 9200m gs
Server: solo mining on Bitcoin client 0.3.22
Anyone having same config and problem?
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Yes. Has a lot of advantages, also technically - gives them a maintenance window t take down the site / update the programs withint incured downtime.
Adhering to FOREX trading hours (23 hours / day, 6 days a week) or CME GROUP hours (15 minute downtime per day, weekends off) means more planned stability. And, as I said, a window for handling maintenance.
Absolutely not. We don't play by old economy rules. Correct. No need to close on weekends or holidays. |
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