There was a great graph on /r/bitcoin that showed the trend reverting the mean rate of increase after the spike and crash.

That thing does not work. Josh kind of admitted it. It might be why they haven't shipped. I mean, think about it. Calculate what ridiculous power this is going to eat.

He said something about 195 watts at a 50gh/s Single. If you multiplay that by 30, you get about 6000 watts.

I don't want to scare anyone's ass off, but at this point, this blows almost anyone's electricity supply. We have worked in these levels a lot at LAN parties. Try getting 8 enthusiasts in your house, have a big TV, your refrigerator and then switch all the enthusiast computers to maximum graphics. at least in my place, my breaker's don't like that at all

Then think about the HEAT of 6000 watts. I mean, if you put water cooling on this, you might be able to heat 3-4 flats with it.

Nope, I tell you, that Minirig is what does not work out. The rest is fine, you can deal with 50 watts on a Jalapeno or even 200wats on a Single. But 6000 on the minirig, fuck it. No way. That thing should be used as whirlpool heater. If it works, it might buy the whirlpool anyway.

settings look ok, the only thing you could change that i can think of is the server from other to solo (i believe other is meant for other pools).

Well I don't think it trades the way people expect. This is not like Forex, stocks, gold/silver, other commodities and indices. It's a thing of it's own. The price can be anything.. What causes it to drop is less than what causes it to rise more often than any other trade-able entity I've personally ever witnessed, even though it is being foolishly treated as conventional. Don't take my use of the word stupid personally, I was calling myself stupid actually.

An opinion.

These days this is really like stock exchange - value is not backed by gold or anything, price is regulated by supply and demand. The amount of available BTCs increases by a rules set in stone, but other factors, like popularity, economy, Cyprus which all influence the exchange rates. Currently it is somewhat to gambling IMHO.
One basic rule is: if buying, only invest the amount you are comfortable with loosing.

Cheers,
   T

don't confuse "gut" feelings with "stupid" feelings. in other words, you were wrong. I bought at $57 few days ago. There was the stupid part of my thought process there, just like you, that thought this would drop to $20. haha! well, that was clearly wrong. I've learned that bitcoin is very strong, after missing the first run up. I knew it would go up very high, but did not realize how strong the run would be. anyone who thinks bitcoin is dropping ought to reconsider with what reasoning they are using to make that judgement?

At current electricity prices, bitcoin is only worth about $31, the rest is all seignorage.

This is an absolutely foolish request. Please look in the scam accusation section for the BFL thread then make your decision.

Hi, i am mining with a 5770 and i used the following settings for guiminer (now using cgminer):



If you followed the guide you linked to then you made a bitcoin.conf file in c:\users\user\AppData\Roaming\Bitcoin. In the guide however the only thing mentioned is a password and username to be put in the conf file. The contents om my conf file contains more then that (found this on the forum somewhere):


With these settings i get 150 MH/s (without the s flag around 200).


For what it's worth even with these settings i also experienced hashrates in the kH/s but that only occurred after switching back and forth between cgminer and guiminer; i was also tweaking my memory and core frequencies at the same time. A restart of my pc solved it!

Can't help with why the OpenCL miner is giving you a lower hashrate directly (not familiar enough with it to know what -s does exactly), but have you checked the CGminer thread thread in the Mining | Software sub-forum?  There are lots of switches and you can probably throttle that way? I know you can use -I for intensity, and can use "-I d" to keep it relatively low.  I use this machine for work all day and am mining in the background and have good performance..

Wait, rereading your post, I see khash and then mhash.  Are you mining BTC or LTC ?  Mhash makes sense for BTC but khash only for LTC, unless that is one huge drop between CGMiner and OpenCL, which doesn't make much sense.

If you're solo-mining, BTC, even though it's for fun, I understand, you know the chances of actually hitting a block are about zero, so you're losing the opportunity to earn what you could in a pool in the interim, right?

Good luck.

The impression I get from that post is that they might, possibly, ship out a few (less than 10) units. Probably the only working ones they have, and probably so they can buy more time because they know the recipients will jump on here and sing BFL's praises. Which boosts pre-orders, which gives them more money to play with, and buys them time.