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421  Economy / Goods / Re: My stuff for sale for BitCoins or Real Cash, Xbox, Headphones, X58 Motherboard on: July 16, 2011, 10:35:38 PM
Are you sure you ran a 980x on the Foxconn OEM board instead of something like a i7 920?

OEM socket 1366 boards in general never ship with high end extreme-series cpus
and in most cases cannot even be BIOS flashed to support 6-core i7s.
422  Economy / Economics / Re: It takes 1.25 million USDs to push the the price to 21.5 USD/BTC on: July 16, 2011, 10:29:56 PM
Well you as the seller define the price.
No. The price is where a willing buyer and a willing seller meet.

As with eBay, you can post a high starting bid, then sit there and watch your item get zero bids. That's not a price.

If it's a rare or useful/limited commodity and all sellers & producers agree to sell it only at that high starting bid, then people will have to pay that price or live without the commodity.
Only someone betraying the agreement like the defecting prisoner in game theory can bring the price down.

Also known as a cartel, illegal in some countries but they happen all the time.
423  Bitcoin / Pools / Re: [29GH/s] rfcpool.com, UK Based - LP/SSL/:80/0% Prop/7% PPS/8dp/Low Stales! on: July 16, 2011, 09:57:16 PM
7% PPS seems fair given your only pure PPS competitor in the BTC market (deepbit) charges 10% of all earnings.

Variance swings are massive at this difficulty level and only 29ghash/s though.
Do you have a stable enough buffer to guarantee PPS payments in the short term?

95th percentile rounds are nearing 10 million shares soon.
424  Bitcoin / Bitcoin Discussion / Re: I received my free Yubikey from MtGox today on: July 16, 2011, 09:28:14 PM
What were the requirements to get a free one?


If you had an active order to purchase BTC at the time of the breach..  you are eligible.



where do you request for one?

Just click on 'Order a Yubikey', on the checkout page it will say the
price is free if you had a trade open when the site crashed.

If it doesn't show 'free' as the price but you really had a trade cancelled, email Mt. Gox and they'll send you one
425  Economy / Services / Re: [100 Ghps] "Catch 22 removal" service for new pool operators on: July 16, 2011, 09:17:23 PM
i don't understand the point of this. if a pool offered a no fee PPS system, people will be all over it within a day. why should a pool owner pay you 10% more? the only thing you're really offering is an "instant" 100 GH/s, rather than a 1-2 day delay.

It makes perfect business sense even if you only keep transaction fees as the pool admin, once your pool has been at a stable 100-150ghash/s for a few weeks, it's bound to grow and attract new miners.

When you achieve 300-500ghash/s, you no longer need Vladimirs service, and after he leaves you have a 400ghash/s pool for life that just keeps growing & growing if all goes well on your end (low stales, prompt payments) & if you have modest fees like 0.5% to 1% you'll start seeing profits pretty soon.

The smaller your pool is at the current & upcoming difficulties, the more chance that variance will totally kill your pool in the short term.

Like someone said above, rational small and medium sized miners (100-1000mhash/s) will no longer opt for small pools unless they just like the thrill.
Variance will not even out within the 2 weeks a difficulty level lasts, in the worst case you may not even see a block for 2 weeks (maybe even a month) at the 10-30ghash/s you accumulated naturally.

If I had a pool I'd buy the service instead of only using my own (15ghash) hashrate to kickstart the operation. Beats spending $50k+ additional dollars on hardware getting to that hashrate myself.
426  Bitcoin / Bitcoin Discussion / Re: I received my free Yubikey from MtGox today on: July 16, 2011, 07:02:27 PM
I also got a free one a while back, have to say I can really sleep at ease now even with significant $$ or BTC stored in the account.

Spent time researching how feasible it is to crack Yubikey authentication, seems to be very infeasible so I trust it for now.

Negative side, it's bound to Mt. Gox so you can't use it as a normal YK on any other site.
427  Economy / Currency exchange / Re: Selling 210 coins! on: July 16, 2011, 06:49:37 PM
People are pretty damn stupid, I wouldn't do this if I couldn't scam.

But it's not some bunch of affluent businessmen who don't mind a few dozen bucks here & there

You're taking money from students, homeless people, crazy Ron Paul supporters with tinfoil hats whose best friend is their cat etc.
(not that scammers usually care, just saying)
428  Economy / Currency exchange / Re: Selling 210 coins! on: July 16, 2011, 06:34:10 PM
What the fuck... Why am I being accused of being somebody I'm not? This is ridiculous. I'll be happy to go first with transactions, show me a few vouches from trusted members. Also you know you can change your address right?



That's a pretty fast deal with someone who is a known scammer & last posted on July 12th, 26 seconds

How stupid do you think people are? What's your next excuse?
429  Economy / Goods / Re: sold on: July 16, 2011, 06:22:59 PM
WHAT was sold?

Two radeon 5830's at $99, two radeon 6990's at $410 each

By a guy who joined 3 days ago and made 132 posts
430  Bitcoin / Pools / Re: [90 GH/s] EMC: 0 Fee/LP/API/PayPal Payout/Free SMS/US/EU/AU/Full 8 Payout/More on: July 16, 2011, 05:02:42 PM
I'm having sad thoughts about this pool.. It seem's we've hit a difficulty where we have to low hashing speed.. In the long block, I sent 17096 shares in for a 0,14324500 BTC. That is a loss of 0,34862951495985664 BTC if I'd been using PPS..  I too had a big dry spell from Continuum. With to low avg solving rate.. this just won't be enough to keep at it.

Not to talk about the 6% rejected shares.. >_<  Guess it's time to end this trip.. or move it for PPS again. 340MH isn't cutting it..

Suggestions anyone?

Start mining full time on Eclipse after it hits 300-500gh/s hash rate, at that point variance swings will be relatively low if everything is configured properly (even at 1.6m+ difficulty)

It's also one of the few pools offering SMS notifications so that's a unique perk.
431  Economy / Currency exchange / Re: Want 5BTC. Only have paypal. on: July 16, 2011, 04:54:26 PM
Every single thing sent through PayPal except mass payments can be reversed (and if you're shitty enough you could phone up the bank to cancel a 'fraudulent bank wire transfer).

All Paypal transactions to BTC are extremely risky for the seller. The vast majority of buyers are scammers.

If you want to build trust, trade your PP to Dwolla & make an escrow trade at btcrow.com so that neither party can be scammed.

Thanks for the info. Can I use dwolla in the uk?

Dwolla is only for US people at the moment, I think they are working to improve their service to major other countries but not sure how long it will take in order to be completed.

In the UK (if it's like there at Quebec / Canada) I think you should be able to openup a US bank account for US funds only, didn't tested but dwolla could work this way.

I also do not recommend to use paypal as payment processor to exchange BTC, till they told in their ToS that they aren't currency exchanger you can get your account banned without any questions.

I also saw someone recommending my escrow service BTCrow.com it could be use as a secure way to make transfer but I still do not recommend using paypal for such transaction. There's plenty of exchangers out there which can exchange your cash to other things such as LR or WMZ.

My recommendation: Get your funds to your bank account or credit card, then create a LR account and use an exchanger to transfer your bank or credit card funds to LR. A good list can be found here: http://www.bsrates.com/. Then Exchange LR to BTC via people here or via mtgox or tradehill. For LR to BTC transaction if you fear of being scammed or anything else, you can now use my escrow service at BTCrow.com.


Hope this information was useful.

Jules
info@btcrow.com
BTCrow.com

This is the best & safest method for both buyer & seller. Only scammers would object to these procedures.
I still wouldn't recommend LibertyReserve as a quick search shows they have chargeback procedures as well (scam magnet)
432  Economy / Currency exchange / Re: Selling 110 BTC on: July 16, 2011, 04:52:34 PM
Paypal, Credit Card, etc...?

Would someone sell you 5 ounces of gold with a credit card? Not if they don't have any sort of verification about your legitimacy.

Why would someone sell you 5 bitcoins if you have zero credentials and are offering something you will chargeback in 2 minutes after the trade has taken place?

If you were legit you would be proposing a payment method such as BTCrow.com which ensures payments can't be disputed after blockexplorer shows sent BTC, and payment can't be done by methods that are reversible (like PayPal).
433  Other / CPU/GPU Bitcoin mining hardware / Re: What the hell did I just buy? (MSI R5870) on: July 16, 2011, 04:38:26 PM
The MSI site says it has 1600 stream processors. That's all you really need to know, it's a full 5870 core.

It also has 2 low-noise fans as opposed to one noisy blower. There is nothing wrong with your card.
434  Economy / Economics / Re: It takes 1.25 million USDs to push the the price to 21.5 USD/BTC on: July 16, 2011, 02:56:29 PM
Actually it would not cost a single dollar to get the price to 21.5.
The only thing necessary would be all sellers increasing their price to 21.5 or above, and voila price would be 21.5.
But it seems that a lot of folks like to sell at lower prices, maybe to keep the price down.

Read up on prisoners dilemma. It applies perfectly.

http://en.wikipedia.org/wiki/Prisoner's_dilemma

There will always be scared and anxious people willing to betray that 'trust' for their own very-short term gain even if they could earn more a few weeks down the road by not panicking.

The fact is, people panic. Especially inexperienced traders and miners
435  Economy / Currency exchange / Re: Selling 210 coins! on: July 16, 2011, 02:37:57 PM
May well be a scammer, but, in his image, the received address is "1L5....", so your look up on blockexplorer is misleading.

http://blockexplorer.com/address/1L5Ht1tnCtkcQP3gWucgi6zWeAXig5JGba

81 steady interval transactions @ 7 btc total, probably the proceeds from his small 1 GPU mining operation.

Has never seen even 20 btc let alone 200

Maybe a pool admin can identify the address
436  Bitcoin / Mining support / Re: iMac with 6750M on: July 16, 2011, 02:24:05 PM
I don't see how it would be a problem as long as the temperature stays low.

Mobile VRM's aren't designed for 24/7 stress at 100% (or more if overclocked). The ventilation is designed expecting normal pauses every now and then.
 
In general it's a horrible idea trying to mine continuously with an iMac GPU.
437  Economy / Goods / Re: Exo's Miscellaneous Store [Windows 7, WHMCS, Phones, and much more!] on: July 16, 2011, 02:09:12 PM
Don't buy anything from this scammer, he is working with another known scammer "pippicheerio" a.k.a jakea1011 (or is the same person)

http://forum.bitcoin.org/index.php?topic=29191
438  Economy / Currency exchange / Re: Selling 210 coins! on: July 16, 2011, 01:57:48 PM
Doesn't it seem a bit odd that just a week and a half ago pipppipcheerio was selling 200 coins at $13 and now he is vouching for this guy who is also selling 200 coins?!! http://forum.bitcoin.org/index.php?topic=26266.msg327794#msg327794

Where are the mods why dont they lock this up before someone gets scammed by these crooks.

reported

Don't buy, Exo is a scammer working with pippicheerio (jakea1011)

Or most likely, is the same person

http://blockexplorer.com/address/1Nog2x6Mhn6eQNSGzQPDsbDB51Ud6BenqM
439  Economy / Currency exchange / Re: Want 5BTC. Only have paypal. on: July 16, 2011, 01:56:31 PM
Every single thing sent through PayPal except mass payments can be reversed (and if you're shitty enough you could phone up the bank to cancel a 'fraudulent bank wire transfer).

All Paypal transactions to BTC are extremely risky for the seller. The vast majority of buyers are scammers.

If you want to build trust, trade your PP to Dwolla & make an escrow trade at btcrow.com so that neither party can be scammed.
440  Economy / Goods / Re: 5830s & 6990s ----> for sale on: July 16, 2011, 01:35:55 PM
Saw this thread right after it was posted; Too high risk IMO (even for used items).

Nobody sells these for 400 bucks when even used 5970's go for $600-$700 routinely on eBay
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