I have an Impossible Mission II for PC still shrink wrapped.  Interested?

So why would someone send transaction spam?  What do they get out of it?

Yes but overall I think of the pool as 'ahead' on luck.  It should be about 1 a day, but there will be possible two to four day stretches with none, then some crazy two or more a day times.  It is just more consistent then when I mined solo. 

Sorry, I did misquote on that one (corrected in original post)  I spent $32+15 shipping for $47 total for a Zalman 700W. 

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=250796169498&ssPageName=STRK:MEWNX:IT

My first three rigs were just video card investments dropped into scavenged units.  An 5870 for $200, so about 1.5 Mhash/s per $1 and a 5830 for $130 similar results.  

Now I have built my first dedicated box for two HD 5870's when I get them.  I spent $75 for the case (will be another story/post!) $47 for the power supply, $90 for a dual slot x16 MB, $39 for a sempron (unlocked to two cores and 3.1ghz),  $60 for 4gb ram.  All other parts were existing ones I had (dvd/Hd).  Assuming I pay $200 for each of the next HD 5870's it will be $1 for 1Mhash/s.


At the current rate of difficulty increase this hardware WILL NOT pay for itself or it will take nearly a year.  That is ok.  When it stops being a net profit it will become my next desktop.  I just will let it sleep when it is not in use.  

You are getting many times the expected blocks!  Are you sprinkling your machine with dust from ground up unicorn horns?

Noting that, for someone with two 5970's that better miner software would be worth maybe an increase of 20 to 30 coins a month.  So if you charged 50btc the buyer MIGHT get most of that back after two months.  Or you could have sold it for 10btc and sold many many of them. 

My account was credited, thanks!

So now everyone with credits... lets trade.  Put in buy and sell offers where you think appropriate!

Well, try bitcoin2cash.com 

With the promotion going (even if you miss it) there are a lot of coin there now and the fees are lower.

818490

Thanks!

Agreed.  Also a huge number of coins were moved at the low price, and the huge block for sale is at a higher price then it was before.  The price will rebound.

And difficulty going over 80000 soon making it even worse.

Yes, actually at 930m now.  Late in the week or early next week it will go even higher. 

That is not what I said.

I said that there are not distributors for computer gear that sell it for much less then THE GENERAL PUBLIC can buy it online for (with the exception of cheaper items). 

Again... go to distributors big and small, price current hard drives, video cards, ram, cpu's, dvd drives, power supplies.   Check order price with $1000 order and you will find that a customer can shop online and buy it at nearly the same cost.  Newegg, tiger direct and others will often have prices BELOW the distributor prices. 

I never said anything about MSRP which has basically lost its meaning.

That is the problem.  15 years ago I could go to a local distributor and get computer stuff at WHOLESALE.  I was almost always paying less then the lowest price the public could buy at.  Now that is not the case.  A true wholesaler like ingram micro or many others sells at a similar or higher price then newegg and the like.  Even buying in bulk does not help on anything but things under $20.  Shop around, you will not find a wholesaler that will get you a high end video card cheaper then you can get doing a google search that anyone can buy from, even in quantity five.

Now on the cheap stuff like cables, mice, keyboards it is different.  I can buy in bulk and get a fair markup. 

Last year our last local (I should say semi-local, they were 60 miles away) case distributor closed, they would bring a truck with 20 cases all in perfect condition with no UPS abuse.  They had  price cheaper then anyone else with shipping as they took the $5-$10 per case ups fee out of the equation.  Even that is gone now. 

While I like the term mining myself because that is what it feels like to me, it would be better from a 'marketing standpoint' to use other terms. 

The most boring kind of term would probably be the best from that standpoint (promoting bitcoin) as it would not make it seem as if miners are 'striking it rich' and benefiting unfairly from the processes.  I personally do not believe this to be true but others might.  They might say "why should I pay for bitcoins or sell things for them when this other guy is just having them magically appear in his wallet".

So I say:

"block chain transaction processing" or "hash processing" as the term to explain.  Most people understand the idea of paying for processing fees, in this case they are paying a fee to the people doing to work of securing the network.  They are paying the processors to find more transaction space as the bitcoin economy grows.

The reason why this is good is that they are paying such a little amount overall for this processes, and it goes into the bitcoin economy vs banks that would just be sucking the money out of the economy.  Could Visa/MC/Amex run on $6600 a day or so?

Price is a big issue.  With companies like Newegg shipping on time with wholesale like prices you do not have much room to compete.  If you price an item anymore then 15% above newegg most people will convert bitcoins to $ and just purchase at Newegg.   

Nice, you are tied with me now.   

A from scratch nuclear hydrogen generator could make massive amounts of hydrogen because it could use heat from the nuclear reactor directly plus electricity generated and modern metallic catalysts.  While I think battery electric vehicles will advance enough to be usable in the next few years (mostly range issues currently), hydrogen fueled cars using internal combustion engines or fuel cells could replace gasoline in many applications. 

If we put the effort into it, nuclear could displace a substantial amount of fossil fuels.  That effort is not insurmountable, but would take five to ten years with a Manhattan Project level effort. 

Sometime next week I will add another 5870 to the pool.