Yes I believe Bitcoin is vulnerable to DOS attacks. So is Google, Yahoo, Microsoft or any big website. But it seems (and I have to admit at this point although I am a computer science grad, I have not read and understood all of Satoshi's paper or the Bitcoin source code) from what I understand that whether a DOS attack will suceed or not depends on the size of the Bitcoin network.
I don't think the DOS attack argument has any strength to it. Out of all the possible attacks on the network, it seems to be one type that involves the most resources for the least amount of disruption in return, if any. |
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It's not hate. It's not emotional.
The emotional response is regarding deflationary economy in itself, not Bitcoin specifically. 90% of these critiques express admiration for specific aspects of the bitcoin implementation I doubt the honesty of such admiration. Considering the content that follow such comments, it sounds more like an argumentative concession than anything else. These forums are a terrible place to talk or learn about bitcoin.
It's more of a den of "isms," whichever you want to pick out Maybe. This also happens to be the only place where people will defend Bitcoins, and provide proper arguments in the process. So far what I have seen outside of these forums is on one end tech savvy people bashing the tech without bothering to research their own misconceptions and providing some crap shoot argument about the economic side. On the other end of the spectrum, you have economic savvy crowds that bash the deflationary part while crap shooting on the tech arguments. In the middle you have that blogger, that understands neither and crap shoots both. |
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Yet another straw man. Born from the very stats your pool officially advertises? If you were as smart as you think you are it would be really interesting to continue discussing with you. I just had to mention that I checked the variance on BTC Mine for the last 24 hours, and the equivalent number would be about +40%. A bit more than the numbers you'll see on Deepbit... As opposed to you I'm not concerned about day to day variance since I've been mining there for over 2 weeks, and intent to stay there even longer. Day to day variance is meaningless to me. Are you going to argue I'm not getting a better reward than you for equivalent hash rate on the long term? Please try, so I can witness you slowly give up on every single horrid superstition you're randomly throwing at this thread as they keep getting debunked one after the other. |
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ran for approx 10 hours: 3732 shares accepted, 19 rejected. That's 0.5%. Using phoenix in BTCmine.
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What is this doing in the mining forum?
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You should be able to recover the cards by flashing them from a bootable USB stick or CD. IIRC the 3D clocks don't get applied until the driver is loaded by the OS. (which would explain crashing just before you get to the desktop)
You could also try booting in safe mode, since that doesn't load the GPU drivers.
Trying that now jedi95, thanks again! Edit: Ok so I was indeed able to boot into windows safe mode, but unfortunately I was unable to flash the cards using RBE inside of windows safe mode due to administrator rights restrictions. I am able to load the RBE software as an administrator, but it loads the WinFlash utility separately and that needs to be run as administrator as well. I tried to edit the compatability options of the winflash utility to force it to start running as an administrator but apparently "you cannot add to compatability options in safe mode, only disable them". Which makes sense I suppose.... Ok now I am going to reboot into windows using only one good working card, change both RBE and WinFlash's compatability options to force them to start as administrator, and then boot back into safe mode with the dead cards. Wish me luck! Edit: No luck. Even though both programs started in safe mode, I received the same message... perhaps another .exe file somewhere requires to be an administrator as well but I am not going to bother looking for it... On to trying to flash the bios using atiflash and a usb drive. You don't need RBE to flash, only winflash. RBE is only meant to mod the bios. Run RBE, mod your bios to usable speeds, save the bios. Run winflash as admin, load the bios, upload it. Unless you're saying you can't run winflash alone in admin. Worst case scenario I can show you how to make a DOS bootable usb with atiflash on it. |
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We need a sticky faq with these simple questions right on the front page of the forum.
Wasn't eMansipater taking care of that or something? |
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Not for granted, but to me, there's a 90% chance he did try to rape that maid. |
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Wait, so how will transactions be verified once all 21M are out?
There is no reciprocal relation between block reward and block production. Once all the coins are out, blocks will still be produced, without the reward, and the miners will rip their profit off of transaction fees. |
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- How could this be detected if at all and how long such practice could continue undetected.
I presume a comparison between submitted shares (effective hashing rate) and received reward would be a good starting point. If in the long run hoping starts harming pools, I can foresee serious pools moving towards a closed registration system based on peer vouching while the OCN type of crowd would cater to the then overly exploited public pools. |
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How are you able to do it? What is the fee you pay?
How did you do it before?
My point was only speculative. I have not sold any of my Bitcoins yet so I can't tell what fees i'd incure by experience. But let's say I want to send euros to someone with an account denominated in dollars, I'd buy BTC for euros on the OTC channel prolly, and have my friend cash out the BTC whichever way he sees fit. The other way around, he'd buy BTC on Gox, and I'd look for a f2f trade for cash on my side. Either way, the global fee would be around 1-2% I think. Much better than PayPal or Bank wire. A bigger market for EUR would make it even easier. The first 5870 I bought, I had a friend buy it for me off of Newegg and ship it to France. I paid $200 and it cost me 145 euros through PayPal. EUR/USD at that time was 1.45, so I paid an outrageous 9% fee. Even buying BTC at 5% above spot, I would have had it better. The funny thing is that I could still turn around and sell the card for a profit when I got it. |
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I said, in general. There are statist Americans and there are classicly liberal Europeans. In the present state of things, however, Europeans tend to trust their governments. That's just the cycle of things. 60 years ago Americans tended to have the trust of government intentions and Europeans didn't. This is reasonable considering that the US had just recently won a World War that was started by European governments screwing with each other.
He has a point. It is simply taboo to root for reduced government power in France. The first reaction people have to any kind of issue is "what is the government doing about it?" That's not terribly different than 90% Americans today. I had a much different impression. The Tea Party push during last elections was big enough that every French channel talk about it at least once. Compared to this, the most extreme rightist French economists could be considered communists. |
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I said, in general. There are statist Americans and there are classicly liberal Europeans. In the present state of things, however, Europeans tend to trust their governments. That's just the cycle of things. 60 years ago Americans tended to have the trust of government intentions and Europeans didn't. This is reasonable considering that the US had just recently won a World War that was started by European governments screwing with each other.
He has a point. It is simply taboo to root for reduced government power in France. The first reaction people have to any kind of issue is "what is the government doing about it?" |
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The deflation argument needs to be attacked. It's so widespread, people are so scared of it. The really question we need to ask is "so?" And see why people actually think its bad. The problem is most people think of wealth as currency. Wealth is not currency. Wealth is goods and services that people value. Currency is only something that people redeem for such things. If people are not buying something, then they are leaving it available to be purchased by someone else for cheaper. Or they are investing which means that they are delaying their redeeming it for a later time when more should be available (after the investment actually increases the economy). Investment is a great thing and should be encouraged. A deflationary currency will encourage sound investments.
It's a tough one to get at. People are culturally used to debt based economies, which would suffer horribly from deflation. There's just no way around it, some people won't admit to it until Bitcoins are worth $1000, and even then some will oppose it. You should have noticed that most of the hate for Bitcoin has poured in since its exponential growth triggered around early April. That's people downtalking the feasibility of the Bitcoin projec after it successfully took its first step. This kind of response is emotional. |
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In order from the most to least significant:
1) Pool size: don't join the biggest one. Any pool above 100 Gh/s will have insignificant variances on a daily basis anyways.
2) Fees. The lower the better.
3) Interface and stats. Lots of features to keep in mind in here, like a share counter per worker to tweak your cards or email notifications if your workers go down. Global stats are nice, expected reward is nice to have as well. Graphs are awesome.
4) Lastly, having a score based pool is better than a share based pool because it defends against pool hoppers. This is even more important if your pool is small (less than 10% of the network)
Keep in mind that your reward will be the same on every pool in the long run, minus fee. So the only 2 objective criteria for choosing a pool are it's size (avoiding big pools to prevent network vulnerability) and the fee. The rest is a matter of taste.
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Getting clearer. Tell me if I'm getting this right, I should set up House A rigs and House B rigs with the same bitcoin.conf and wallet.dat and the credit for example when a block is found would go to the one wallet I setup for both rigs. Just trying to be a solution to this pooled mining problem. =) Thanks!
It's that more or less. The first transaction in a block is the 50BTC reward. To solve the block header you need to create the Merkle root for those transactions, which is unique to you since the address you would be publishing to cash in the 50BTC is unique for each competing miner (unless you're feeling charitable and want to write in my address =P). If you manage to solve the header, then you add the transactions of your choice plus the one that rewards your wallet with the 50BTC, and then it goes on to the network. |
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The fees you are paying are much more insignificant than other countries. I expect some fee to be eaten up on overhead. The banks will pay a fee when they exchange on the market, and they will want some money for their trouble as well. You are paying a 7% fee. Sure, that's high, but perhaps it's not too crazy. Obviously Bitcoin would help (but perhaps not for only 7% fee). For the huge fees mentioned earlier, I'm trying to figure out why they are so high. If you wanted to recreate the same experience for the USD to EUR wire, the 7% seems in line. You go somewhere physically and hand them cash. They wire the money, then your friend picks it up somewhere. This could be linked direct to bank accounts, but let's focus on this case.
You buy your bitcoins in a store, perhaps using a BitBill or some other service. Say that's a 3.5% fee (no idea what BitBill charges). Then you cash out using a local trader who charges a 3.5% fee. There's your 7%.
If you never have to convert currency then you don't get bit, but same could be said if your friend just sent you $100 and you never needed to convert it.
The 25% fees, that's where i want to know where they are coming from. That will be the place where Bitcoin could be superior.
I'm already more than satisfied to be able to reduce a 7% fee to 3.5% thanks to Bitcoin. That's ample argument for me. The 25% sounds outrageous. |
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The goddamn utility bills...
What are you even talking about? With Deepbit it would very quickly be noticed if it has been compromised, exactly because of the features I appreciate. You on the other hand could not know, because for all you know it could just be a particularly long round. You're really not very good at making up claims about what I would do. How? What particular feature of any pool allows you to know fake transactions have been added to the block you help solve? I can't name a single one, no matter the pool. Yet other pools are immune to this fact simply because they don't hold enough hashing power on their own to keep forcing corrupt transactions down the network's throat. Deepbit isn't. Now indulge me, name those features. Educate me with your obviously adequate way. It will be impossible not to. So why won't you deal with it now? If you are using a pool you are endangering the network. You understand this yet you refuse to mitigate the effect? This is getting better by the minute... Yet another straw man. Born from the very stats your pool officially advertises? Deepbit doesn't really need because of the high hash rate and 1 hr delay. It would probably be just as profitable and much easier to jump between BTCMine and Slush's pool to take advantage of particularly short rounds. No. Jumping in score based pools is as close as it gets to charity... |
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actually, yes.. i kinda agree.. force the programmers to find a solution for this issue.. though id prefer they did it before it got used :p
Well, there's the test net for that too |
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In my darkest hour I wished Deepbit would get attacked the chain forked so that they would drop Bitcoin forever after the market crash ensuing...
If bitcoin system is that insecure then make it so. Better now than later. I agree. |
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