Oh my mistake, must have skipped over a post or two and missed this

I popped in for a second using mibbit, no problems for me.

Yeah, if you could convert it to a weighted score-based system and get it to work with the minipool referral system then I say go for it!

No worries friend! Every single hash gets us closer to the end of the round and (more importantly!) closer to the first ever Dulljackpot!!!

The odds of winning are still pretty good due to the smaller size of my minipool, but as the minipool grows, so will the rewards!

It would be nice though to have a spot in the My Minipool tab that shows you whose minipool you are in, just a thought!

Just plugged a Ghash into this pool, let's kick this block in the teeth!

Want to be a part of a minipool that rewards its miners?

25% of my minipool's referral bonus will be given away as a random jackpot to someone in my minipool every time a block is solved!!

So now instead of just hoping to win some extra bitcoins from Triplemining's current jackpot, you will also have a (much greater) chance of winning a second jackpot just for signing your miner up through this link!!

That's right! A chance for extra $$ just for being in my minipool and doing what you would be doing anyways (MINING!).

So for example, if I make 4 BTC in referral cash at the end of a round, that means one of my lucky minipool miners would have a chance to win 1 whole bitcoin! OH SNAP!

Triplemining.com may be the best paying pool out there, but Dulljack has the best (and only!) paying minipool in that pool!!

So come join Dulljack's minipool, the most exciting minipool on Triplemining!

Any pool is a good alternative when Deepbit is hovering within 2-5% of taking the majority. You guys don't have to stop mining deepbit altogether but if a majority of miners point just 1 or 2 cards somewhere else, you will help Bitcoin maintain its integrity as a whole and also help a smaller pool get onto their feet. Double awesome!

I can't believe how quick people are to complain about the fee redistribution... People would apparently rather have MrSam pocket the 1% rather than give it back to the miners. This system is awesome because even cpu miners can make some real BTC if they promote their link enough. Nobody is getting scammed here, everyone knows how the fee system works when they join; in most cases, that's why they join.

I was just about to post an identical screenshot haha

Hmm, there are just so many different referral links that I could click on...

Entertaining all offers. 

I can theoretically see myself using this hypothetical site. Make it professional and put in legit effort and people will respond.

You do have to be careful with URLs. For example, pretty much any site with the word "face" in it can expect a cease and desist from Facebook™ . You can win in court, but courts don't take bitcoins.

I will be plugging around a Ghash into this pyramid scheme tomorrow 

We already let them get away with $100,000+ expenditures for "toilet seats." They would just bundle the cost of the cards or whatever in with something else and then call it something bullshitty. That's assuming that they even use cards, with their resources, I'm sure they have something that could be made much more efficient and scaled up as big as they need.

The money will definitely be available to them one way or another.


I agree with this statement, the government would probably ignore bitcoin until it stopped being a niche, and by then it would probably be too late to do anything about it. I believe that hash rate (and difficulty by that token) will only go up from here, and at greater rates than anything we have seen thus-far.


I think that if the government decided to take over the majority today though, they wouldn't even break a sweat. They'd just call up China and be like "Hey, want us to owe you some more money?" 

Here is some math someone can do if you are as curious as me, how much money would it take to double the network's current Ghash rate using standard mining rigs. By this, I am wondering how much money it would cost you to build a 1 Ghash rig (or 2 or whatever setup is most cost efficient per Ghash) multiplied by the current hash rate. For example, if it cost the government $1000 to produce 1 Ghash then today they would need between $11,000,000 and $12,000,000 to take a majority. That's about how much money the government uses to wipe its ass after a morning shit. So if something made them want to take bitcoin down now, I think it would be very doable. Of course, by the time the government does see bitcoin as a serious "threat" and jumps on the bitcoin mining boat, they will likely be toooo late, just like most of us that are still slumming around in the newbie section.

Keep in mind that the government would more than likely have a much more efficient method of hashing. (massive FPGA arrays?)

Again, I am fairly new to bitconomics so these posts of mine are just me thinking out loud.

I am fairly new to bitcoin economics and need a few more posts in the newbie section, so here goes:

 I was looking for opinions on something I was thinking about earlier today. This is all hypothetical, I don't see this actually happening any time in the foreseeable future, but it still seems like a possibility.

The majority of people seem to think that governments will never be able to control/regulate/shut down bitcoin.
From what I can tell if a single entity controls a majority of the overall mining hashrate, they can reverse/block transactions and generally wreak havoc on the community as a whole, undermining the system and destroying consumer confidence in the currency.

If the US government didn't approve of bitcoins, they wouldn't be able to bring down the system with laws/regulations or going after individual bitcoin users. But what is to stop them from allocating enough resources to bitcoin mining that they essentially control the system?

Would this bring about a doomsday scenario for bitcoin?



Again, I am fairly new to this whole thing, just wondering if this is possible and hoping to start a discussion on the topic.

Please keep trolling and ad hominem attacks to a minimum.

Very nice, will try this on my new rig.

I am not seeing "shares accepted". It does occasionally say something along these lines.

deepbit.net:8332 20/06/2011 09:00:38, long poll: new block 00000fbafaf988c8


Sometimes it displays

"Communicating with bitcoin RPC 0 2"



Other than what I posted previously and this, I have seen no other output.


The longest single instance of running the miner has been between 2-3 hours. My deepbit account still says that no workers are connected after all that time.

Is there another pool where a slow cpu miner like mine would have better luck catching a share?

I haven't checked my temps but each of my processor's 4 cores rev up to ~90% capacity when the miner is running, as opposed to ~10% when it is not.


 Like I said, I would like to eventually invest in something like an ATI 6950 but can't justify making that purchase if I am not certain that I will be able to connect to a pool and do work. I guess I could just start playing more PC games if it doesn't work out haha.

Hey I am very new to the world of bitcoin (and fairly new to linux for that matter) and found the entire concept pretty interesting so I was thinking about setting up a "hobby rig" for mining. Right now I am just using my CPU (dev 0) as proof of concept until I get it figured out, will probably invest in a decent GPU if I can ever get this to work...

Apologies in advance, I know that this has probably been covered a million times but I tried searching around the forums and couldn't find anything helpful.




I am running Ubuntu, I used this guide http://forum.bitcoin.org/?topic=7514.0 to set up my miner. Install seemed to go flawlessly. Using poclbm to mine.

I have created an acct on Deepbit and entered the command below into terminal, username and password has been redacted, of course.


 sudo ./poclbm.py --frames=1 --worksize=128 --host=deepbit.net --port=8332 --user=<username> --pass=<password> --device=0


My processor then revs up wide open and begins cranking out hashes.


deepbit.net:8332 20/06/2011 17:33:01, Setting pool <username> @ deepbit.net:8332
deepbit.net:8332 20/06/2011 17:33:12, Using new LP URL /listenChannel
deepbit.net:8332 20/06/2011 17:33:12, LP connected to deepbit.net:8332
deepbit.net:8332 2358 khash/s


Although when I log into my deepbit acct to check my totals, this is what I get

<username>*
Workers not connected

0.00000000 BTC
Balance is updated once per hour

0.00 MH/s
Average speed in last 5 minutes


I let the miner run in terminal for a few hours today but still get nothing when I check my account on deepbit.

Any thoughts?