I just registered under this pool and started mining. I have to wait around 2 days before I get any payments? I also don't see any option to choose PPS or proportional, is it only proportional now?
The pool is on proportional scored based rewarding system only. You don't necessarily have to wait 2 days. You can set your payout threshold as low as 1 BTC I think, and have to wait for 120 confirmations on solved blocks for the reward to be available in your balance. That's anywhere between 20 to 5 hours depending how fast the network is compared to difficulty. |
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Downvotes are cool, I tell ya
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btcmine.com shot up to 74
"Eligius" more than doubled to 40
It's understandable. I for one decided it would be best to evenly split up all my miners on various pool. Until now I had all my miners on slush's pool, then when that went down I moved the all to deepbit, but later I realized that with such a huge hash rate deepbit would not be in my best interest due to the very fast rounds. So my solution for now is to split half of the miners on some other pool and as for the others I'm not sure where to place them (still currently on deepbit). I think if everyone did this (distributed their hashing power on multiple pools) it would be better for the network. This way when one huge pool goes down for whatever reason it does not cause a huge and sudden drop in total network hash rate as the users scramble to find alternative pools to hop to. Also a mining proxy may be an even smarter solution. This is something I intend to look into this week. Happy mining everyone! You also have to consider variance in the pools themselves. A quick look slush's graphs will show you that even though you'd expect a big pool to give you a steady daily payout, it isn't the case, and you'll good and bad days. Now, if pooling is about reducing variance, then spreading your miners on several pools is definitely the way to go, on top of the fact that it helps secure the network some more, which is the very reason there is a profit to make out of mining. |
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700 Mhash/s on 5970 at stock freq and voltage are not realistic. Fyi the card has 725 or 735 MHz per core, and this barely stables the mhash/s at 280 with BFI_INT. At 755 the card stables between 300 and 315 Mhash/s. Anyway most of miners use SDK 2.1 which is not so problem-free under Linux.
I agree with the part about pc components prices.
Not stock frequency, only stock voltage. A 5970 has two 5870 GPUs ran at 5850 speed and voltage, i.e. 725 Mhz core and 1.09v, when a 5870 is 850 Mhz and 1.162v. I've ran my own 5870s at 900 Mhz at 1.09v, and some have reported 950+ Mhz at 0.95v. I don't know if those crazy numbers are true, but from my own experiment on a 5870 gpu, it will hold 850mhz core at 1.09 no problem, which is what you need to o/c the card to in order to achieve 700 Mh/s. |
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it felt cozier when it was sub 20 Gh/s =O
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Check the post. You'd have to use a PCIE extender and then mod a PCIE1x slot. It's doable, but could be difficult.
A 5970 is rated at 300W while a 5850 is rated at 150W. So energy-wise, a 5970 would be 2.67mhash/W while a 5850 would be 2.33mhash/W.
So at if you wanted to pull 1000mhash/s with 5970's you'd have about 375W from the cards alone. With 5850's at 1000mhash/s you'd need 429W for the cards alone.
Using the mhash/$1 calculations the 5970's at 1000mhash/s would cost $751. For the 5850's it would cost $429.
The 5970 setup would save you almost 55W, but would initially cost $321 more for the hardware. Using 55W less, it would save 1.3KWh/day, or 481.8 KWh/year. Let's go with a rate of $0.15/KWh. You'd save $72.27 in electricity with your setup. It would take you 4.44 years to justify the energy savings. The hardware for your setup is about the same, maybe $50 less for a mobo with only 3 PCIE slots, but the PSU would be nearly the same.
Using fractional GPUs in this calculation, but the numbers are still valid.
Your numbers are off. 700 Mh/s on a 5970 with stock voltage is realistic, 350 on a 5850 isn't. Even less with 6 of them in the same box. Think 320 top and even. Overall, a 3*5970 would be at least 150-200 Mh/s faster than 6*5850. My remark wasn't mainly about the 5970, but the 5870, with which the maths becomes way different. Consider how much cheaper it is to get 2 of those than a single 5970. They're not as power efficient than the 5970, but more than the 5850. To get 350 Mh/s out of a stock 5850, you need to run it at 900mhz core, that's a 175mhz overclock on stock voltage. To run a 5870 at 400 Mh/s, you need a 90Mhz overclock. You have to consider feasibility. I was considering monster overclocks for my first rig, but you shouldn't, it's not that simple. You also have to consider 2 others things: the 5850 is a middle end card and has already a low resell value compared to the 5870 and 5970. Of all the price decaying that computer hardware undergoes, the high end parts are the ones that resist the test of time the best. When the better cards are coming out and they are outrageously better while consuming the same power, you will need to upgrade, so the resell value of your cards will matter in the total equation. Lastly, this isn't much, but by running 3*5970s, you don't need a 6 slot mobo nor the PCI-E extensions. |
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Really? Maybe's it's just in windows that each client uses up about 10% of the CPU. Well that would shave off $50+!
That's a bug with the OpenCL core (the driver itself). Nevertheless, you still only need minimal cpu and ram for a miner. The cpu loading, even though it is very real, won't affect your hashing power. 3x 5970's still comes out to be less efficient than a system with 6x 5850's. Just the 5970 in itself has a lower mhash/$1 ratio than the 5850, and that's if you can even find a 5970 at a decent price. $/Mhash isn't the only thing to consider. Power efficiency is much more important in the long run, and 5870/5970s are more power efficient than 5850s. Although yes, these are harder to get your hands on. |
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Did 4 since March 29. 2 at slush's, 2 at BTCMine. Running 2 5870s
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But then you will have new "Bankers" controlling the BitCoin. Current u$s bankers probably are interested in investing in hardware to take profit from future fees.
I guess you're free to speculate that way but I don't think it'll turn out quite like this. Also note that if Bitcoin spreads beyond the level of a store of value, and becomes a proper currency, supported by vendors all over the world, then there won't be much of nowadays kind of banking left on the market. And all this is asuming people will pay the fee which is optional... Assuming miners will add those transaction to the block at their cost? I don't think so. |
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Does ATI have an inherent advantage or something?
Yes, and a crushing one at that. Within the same price range, ATi cards are 3 to 5 times faster than nVidia. |
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1. All BitCoins have been generated
2. I'm not longer receiving BitCoins by processing blocks, therefore I'm not longer using my hardware for BitCoin processing.
Once all the Bitcoins are generated, miners will still be making a profit off of transaction fees, so technically, the balancing between miners profit and network hashrate will be maintained. |
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It appears to me that by the time double spending is detected you have two problems. Somebody has already lost their money and it is already too late. I am confident that an attack would be executed in seconds with the initial spend and the blocks in the pool (s) wouldn't be dispensed until the new chain was longer than the original ... so by the time it is detected it is too late.
You can't do it instantly, the attacker have to recreate all the confirmed blocks. If the sum is so large, that you are afraid of double spend - than wait for enough blocks. E.g. 6 blocks = 2 hours with 50% of network. In my opinion, monitoring for such block forks is much more important, than trying to impose cartel agreement of not having more than 50% on pool operators. If we could have such warning in clients, than it would be even better. Maybe such monitoring service should provide the API and charge a small use fee? It isn't so much to double spend but to hurt the Bitcoin network as a whole. I think the attack on Gox is proof enough that some people out there are willing to hurt this network. Also, pledging 10 BTC. |
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Even beyond the security problem, which is real imo, I don't understand why the miners who bailed out of slush's pool figured they should join the one pool with the highest fee oO"
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You should look in the tech support forum for doc on the API and php code to automate payement from your page.
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His point isn't related to taxes.That your company ensures the gov doesn't steal from you doesn't negate the fact that taxes are theft. Moreover, there aren't only income taxes out there. What about the rest?
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Lies exists everywhere, Democracy is far from perfect, but is the best thing to do "damage control" we know so far. Damage control against... the government itself? The implication of that sentence is that people need a government. Care to discuss that, cause I don't agree. By damage he means minority. And by control he means, well, "control." That made me cackle |
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Don't know where you got that one of "against the Tsar alone"...
most revolutions in Europe To trust in corporations There is a huge gap between private entrepreneurship and corporatism (public funds used for private interest). There is a compulsive need for leftist to be oblivious of government involvement in corporations, all the while calling it capitalism, which is its opposite. Lies exists everywhere, Democracy is far from perfect, but is the best thing to do "damage control" we know so far. Damage control against... the government itself? The implication of that sentence is that people need a government. Care to discuss that, cause I don't agree. |
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Do they really think us few crackpots mining Bitcoin would be even a dent in the AMD total sales?
Depends on how do you define "a dent". The Bitcoin hashrate increased by about 1000 6990 during the last 3 months. It's about 0.1% of the AMD graphic revenue during a quarter which is around $400 million. Of course not all of the new mining capacity went to AMD (some were old purchases, or nVidias or ArtForz's ASICs) but all 6xxx purchases and a large part of 5xxx went directly to AMD. If the difficulty increases 10-fold, which is highly likely, the increased capacity will be 1% of the AMD GPU quarterly sales. It will start to be a non-trivial part of their market. Implying nVidia won't react as soon as this turns into seizable market... |
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The major revolt on 1917 was against the "bourgeois", a class you would call nowadays the "capitalists", the "state" came along as it was protecting those "bourgeois".
I thought the revolution was mainly against the nobles, who held privileges. As a matter of fact, most revolutions in Europe were started by the bourgeoisie against the nobles, for they had the resources but were held down by the noble class privileges. Those privileges now belong to the state, but somehow that's alright? Also "the State" isn't meant to be "owned" by nobody (unless it is a Monarchy), so in a hypothetical well-made State, nobody would have any "unjustified privileges". Those "unjustified privileges" come out of some taking over the state and treat it as "their property". The state holds those privileges. Think about commons among other things. Anyone who controls the state controls those privileges. Since the state is judge, jury and executioner, it is natural it caters to the corrupt. Who would you rather corrupt? Some shop clerk, so that he allows you to sell a little drugs in the back of his shop, or the local cops, so you can sell drugs anywhere you want in town? but that's an usurpation of the meaning of Democracy Democracy in itself is the privilege of the many over the few. The state is made of men. The same men that you fancy so corruptible and greedy. What would separate them from those "evil" capitalist entrepreneurs? How do you explain that you fear and distrust people who made a lot of money on their own and eventually made themselves powerful but you won't fear and distrust those who became orders of magnitude more powerful for simply slipping a sweet lie to the masses? |
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The funny thing about leftist liberals is they can't wrap their mind around the fact that social liberties can't be achieved without economic liberty.
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