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381  Economy / Securities / Re: Which assets are worth investing in? on: October 02, 2012, 01:25:42 AM
Bitcoins themselves are one of the best investments around, it seems.

Browsing the tables at http://galaxies.mygamesonline.org/digitalisassets.html only about three assets (over toward the right in the shares category) jump out at me as doing better than simply holding bitcoins.

The problem is that this table doesn't seem to take into consideration dividends.
382  Other / CPU/GPU Bitcoin mining hardware / Re: Heat from Mining efficiency on: October 02, 2012, 12:32:31 AM
Maybe I can convince my landlord to get a geothermal system if the utility company will allow some sort of tax break or an incentive program or something.

30 percent federal tax credit for geothermal right now.

Oh wow thanks. That is promising / wonder how it works out for rental properties.

Do you have a citation from somewhere online so other people (actual home owners) could benefit even if it likely doesn't apply to my case as I'm not a home owner?

Here's a reference:
http://energytaxincentives.org/business/renewables.php#geothermalhp
The tax credit goes to 2016. It doesn't apply to rental properties, but if you are paying for heat, I would say that it could pay for itself in 3-5 years.
383  Economy / Trading Discussion / Re: What is the best country to start a "bitcoin" business ? on: October 01, 2012, 08:47:09 PM

USA seems to have the most options for potential customers to trade into and for your company to trade out of bitcoins.
384  Other / Beginners & Help / Re: Don't understand____Mining ~20 hours .17 bitcoin? on: October 01, 2012, 08:42:58 PM
https://i.imgur.com/3JPif.jpg

I can't figure out what that link thing means, sorry lol. 

Seriously though, this isn't a discussion about whether or not mining is a good idea.  This is a support thread not "post whatever the first thing that pops into your head when you finish reading about this guy's issue."

Ok so as you can see I have now made about .5 coin, which is better, but I am still hashing very low.

That is too low.

When you scroll down, what does it say is the average of the last 10 rounds? By now it should be accurate (when you first start, it will be low because of non-participation in the previous rounds).

Can you double check all of your miners to be sure they have the right credentials and urls set?
385  Other / CPU/GPU Bitcoin mining hardware / Re: Heat from Mining efficiency on: October 01, 2012, 07:01:35 PM

Another option for economics and efficiency is geothermal. Because it's a heat pump, it will put out more heat than it uses in energy (about 5-7x). Natural gas has come down a lot in price, though, and geothermal units are expensive to install, so you'd need to weigh it out.

can u provide link, i forget what that means, using earth heat?

Here's a basics:
http://www.youtube.com/watch?v=-ajqiPe_9Ko

They have a loop that pumps ground water up to near the surface. This water is normally about 60-70 degrees F (15-20 C) even during the winter. Then there is a "heat pump" that extracts heat from the water and warms the air. This is the exact opposite action as an air conditioner, and because most heat pumps are reversible, it can be used to provide cold air in the summer (it's more efficient to pump heat into 70 degree water vs 90 degree air). Because the heat really comes from the ground water and not the energy source, it produces more heat than you spend.

420 makes a good point on ducting, but that would apply to a furnace as well.
386  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: October 01, 2012, 05:53:23 PM
ASIC are not power hungry like GPU's which is part of the appeal!
Then people will buy MORE asics than they did with gpu. So the 1th/s will mine even less  Cheesy

That's not really true. The key metric here is continuous watts/capital outlay, because ROI will drive how many ASICs are purchased. In this regard, ASICs beat GPUs by an order of magnitude, and FPGAs by about a factor of 2.
387  Other / Beginners & Help / Re: Solo mining - Do the coins automatically go in to your 'Wallet'? on: October 01, 2012, 05:44:02 PM
However, it's not immediate. You need to have 100 confirmations after you mine a block before the network recognizes that you own the coins, so it's going to take about 16 hours 40 minutes to show up.

What Fjordbit said is correct, except it is 120 confirmations, not 100, meaning they mature ("show up") about 20 hours after having mined them.

(I am a solo miner.)


It seems that's a client thing. The network recognizes them in 100.

https://en.bitcoin.it/wiki/Protocol_rules

For each input, if the referenced output transaction is coinbase (i.e. only 1 input, with hash=0, n=-1), it must have at least COINBASE_MATURITY (100) confirmations; else reject this transaction

Many pools pay out in 100.
388  Other / Beginners & Help / Re: Analysis of $/BTC price correlated to the number of ASICs sold on: October 01, 2012, 05:14:53 PM
Thoughts?

Economies are iterative cycles that need to be modeled with differential equations. A future miner could buy 110 coins and then get a 1299 ASIC from BFL, who then sells the 110 coins on the market to another future miner buying 110 coins. I don't think any of these calculations hold water.
389  Other / Beginners & Help / Re: wallet questions on: October 01, 2012, 05:05:52 PM
2nd question is about my wallet for namecoins.  i did some command line and got my namecoin address but thats all i have.  so if i lose that address, i loose all my namecoins?

If you wipe your wallet.dat, then you lose them all, but you aren't going to lose your namecoins. At any time in the future, you can start namecoind in one window, let it sync (this can take a while if you haven't run namecoind for a while), and then in another command prompt do

namecoind getinfo

and you'll see your coins. You can get that address again with

namecoind listreceivedbyaddress
390  Other / Beginners & Help / Re: Don't understand____Mining ~20 hours .17 bitcoin? on: October 01, 2012, 04:50:35 PM
I have that screenshot oh my account, how to post it on here?

Upload it to imgur.com and then link it with [img ]http://imgur url.jpg[/img]

(take out the space in the first [img ], or press "Insert Image")
391  Other / CPU/GPU Bitcoin mining hardware / Re: Mining in the refrigerator? on: October 01, 2012, 06:34:35 AM
Do anyone here know of anybody trying liquid Nitrogen on a graphics card?

This guy did.
392  Other / CPU/GPU Bitcoin mining hardware / Re: Heat from Mining efficiency on: October 01, 2012, 06:30:57 AM

Another option for economics and efficiency is geothermal. Because it's a heat pump, it will put out more heat than it uses in energy (about 5-7x). Natural gas has come down a lot in price, though, and geothermal units are expensive to install, so you'd need to weigh it out.
393  Economy / Games and rounds / Re: BTC Mafia Game! on: October 01, 2012, 06:17:09 AM
I would worry about collusion and sockpuppetry.
394  Economy / Games and rounds / Re: 5 BTC Behind 5 Doors! on: October 01, 2012, 06:11:26 AM
Ah gotcha. That makes more sense. Actually, it's a pretty cool game. Too bad no one played.
395  Other / Beginners & Help / Re: Don't understand____Mining ~20 hours .17 bitcoin? on: October 01, 2012, 06:06:36 AM
You should have way more than that, more like .96 btc. Are you looking at total reward or confirmed reward? You will only have a confirmed reward if 100 blocks have confirmed it, which means over 20 hours, only 3.33 hours would be confirmed.

Looking at it, 3.33/20 * .96 = 0.16, so I'm almost sure you're only looking at confirmed.
396  Other / Off-topic / Re: Enfamil vs Evaporated Milk on: October 01, 2012, 12:10:46 AM
Why would anyone use evaporated milk over titties is the question?

Women's breasts can contain toxins that can transfer in the milk to the infant. Unfortunately, this leaves people with a complicated choice because breast milk on its own is better for a baby, but it could overall be more harmful because of the environmental pollutants.
397  Other / Off-topic / Re: WOOHOO! Just got my BFL Jalapeno in the mail! on: September 30, 2012, 11:02:21 PM
So for those of you who don't know, I was one of the 1/3 pre-orders that got my shipped asap. Woot!





I'm currently getting around 4.7GH/s with BFL's awesome GUIminer technology! It all runs off USB. So you just plug it in, and your good to go! I can't wait to get my BitForce Single SC later this week! Should be here by Thursday! I am so happy! Grin

I'm using the same flags and I'm only getting 4680 MHps  Sad
398  Economy / Gambling / Re: silver 10 oz. NTR Raffle, 2 prizes! [250/250]SOLD - 1/125 odds of winning! on: September 30, 2012, 10:14:44 PM
Woohoo!


holy hot damn, how much did those cost you

He had at least 225 entries, for a total cost of $675. The bars at spot are worth $688.50.

I say at least, because the listing for 101 was not in the original post, so it might have been 226 entries with a cost of $678.
399  Economy / Games and rounds / Re: 5 BTC Behind 5 Doors! on: September 30, 2012, 09:30:56 PM
If the amount of BTC behind the door, after processing previous bets, is equal to or greater than the amount you send, then your bet is doubled! 

I missed this game, but I am looking at this line and wondering why a player wouldn't send 5 btc to each address (or 5000 for that matter). It's guaranteed to have equal to or greater than the amount sent, and so in each case the bet would be doubled.

Even splitting in proportion the number of coins behind the door doesn't work (it's still a guaranteed win, although it's limited to 5 btc total).

You are lucky only one person played.
400  Economy / Marketplace / Re: List of honest traders. on: September 30, 2012, 12:48:35 AM
I had a good trade with Jermainé

See this topic : https://bitcointalk.org/index.php?topic=112902.0
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