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4701  Other / Beginners & Help / Re: Is it a good time to jump into mining? on: February 26, 2012, 02:41:17 AM
The price is starting to go back up on bitcoins and while a lot of people are jumping out of the game there are a lot of veteran miners still buying. If you already have a 5850 I would suggest going ahead and mining! You will make more than you spend in electricity (assuming you don't pay an absurd amount). I would also highly suggest downclocking the memory and undervaluing to save a lot of electricity and heat. You'd be surprised how much it can help  Smiley. Here's and compiled undervolting results link https://bitcointalk.org/index.php?topic=65997.0. There are also other posts about underclocking out there. If you need any of those links just ask. Best of luck!

Quite interesting..

What exactly is undervaluing? Do you only bring down the memory clock speed and voltage or also the core clock?

Thank you  Smiley

EDIT:

What is a good OC tool to use? Asus smartdoctor seems to be quite limited.

Would underclocking the memory also let me achieve higher core rates?
He meant to say undervolt. Underclock mem speed, then experiment to get best ratio of high core speed to low voltage. With electricity so cheap, your biggest expense I'd guess would be component failure. Running cards hot or at a higher voltage will kill them much quicker than keeping them undervolted. That said, I had 7 5850s running for about 10 months overclocked @ stock voltage without any problems, but others seem much less lucky.


If you're running the same non-reference 5850s (ASUS DirectCU cards) I'm running, it can be difficult. MSI Afterburner is well-regarded for overclocking, but it takes some effort to get it to function correctly with those cards (I couldn't get it to work). I did use ATI Tray Tools with good success on those cards, however.

Underclocking the memory speed (which is irrelevant when mining, but you generally shouldn't clock it below 300MHz or it may become unstable) will cause the card to draw less power while operating, thus allowing you to raise the core speed (what is used in mining) without needing to increase voltage.
4702  Other / Beginners & Help / Re: Is it a good time to jump into mining? on: February 26, 2012, 02:37:34 AM
Electricity is quite cheap in my area, at 3 cents a kilowatt, (lucky for me my powerplant runs on natural gas = cheap  Smiley)

Electricity at the moment does not seem to be a very big concern, although they appear to be increasing the rate slightly in the future.

I may be able to get another 5850 to crossfire my unit to get an average of 700mh/s.

This is my old gaming rig so making a huge profit is not too concerning.

Thank you for your help however.
With electricity that cheap, issue shares on GLBSE, ask for loans - mine like crazy. There are many GPU mining farms out there paying >$.10/kWh. You have a fantastic advantage there.
4703  Other / Beginners & Help / Re: Is it a good time to jump into mining? on: February 26, 2012, 02:30:38 AM
Maybe short-term, but within a few months, I think profitability of mining will start decreasing considerably. FPGAs are going to become much more popular fairly soon if the BFL units are consistent and don't burn out within a few months. Mid-term, I think this will push difficulty up, and cause an even weaker correlation between price and difficulty. FPGA miners probably don't have much else to do with them and they'll have no problem mining profitably down to something like $.10/BTC at current difficulty. It will decrease overall profitability as people upgrade to energy-efficient rigs since FPGA miners won't really have any incentive to stop mining until GPU miners are already pushed waaaay out.

But, if you already have a card and aren't using it -- you could probably mine in the black, assuming your electricity rate isn't >$.12/kWh given you only have one card on the system and components probably not selected for maximum efficiency mining. If you can pull your wattage # (Kill-A-Watts have been selling on Amazon for $16 with a coupon lately), you can plug your #s in @ http://bitcoinx.com/profit/index.php -- then just mine until it's no longer profitable.

As far as opportunity, don't be expecting anything beyond a few extra bucks per month with just one card after electricity.
4704  Economy / Trading Discussion / Re: GLBSE Charts Flaking Out on: February 26, 2012, 01:53:46 AM
GLBSE is a write off until 2.0 comes out basically. They are weeding out everything

So just don’t use until what date?

Do you know when because there is still trading happening on the actives right now?

Everything on GLBSE 1.0 migrates to GLBSE 2.0, fwiw. Dunno on date.
4705  Economy / Games and rounds / Re: Worst Gambling Service Ever -- Relive Glory Days of Everquest! 1-1000 Rolls! on: February 25, 2012, 03:32:13 PM
-1.15BTC "profits" so far.

I may be the one with the gambling addiction.  Wink
4706  Other / Beginners & Help / Re: Bitscalper is a scam! Beware on: February 25, 2012, 03:03:54 PM
This has been happening off and on for a long time. Withdrawals will stick for a couple or few days, then server either cancels or processes it and site might go down a day or two, no explanation why, repeat. People have been warned by well-respected members with long-winded posts. People still deposit.

This late in the game -- eh.

Your withdrawal was probably canceled. Keep trying and you might get lucky.
4707  Other / Politics & Society / Re: The OK poll on: February 25, 2012, 03:00:25 PM
... You should only say “I’m going to kill you” if you really mean it ...
Why that? Would talking help in such a case?
Well - it's a courtesy, which shows compassion. Telling someone you'll murder them is not just OK, it's admirable. The murderer is giving up the element of surprise to tell the victim truth.
4708  Economy / Games and rounds / Re: Worst Gambling Service Ever -- Relive Glory Days of Everquest! 1-1000 Rolls! on: February 25, 2012, 11:56:57 AM
Bet: .1BTC from 14jdGju67Uw7F2rkMS7PFwJJsH9jiQzsRp
# generated: 925
Payout: 0x bet, 0BTC


ETA: Minimum bet reduced from .05BTC to .03BTC!
4709  Economy / Games and rounds / Re: Worst Gambling Service Ever -- Relive Glory Days of Everquest! 1-1000 Rolls! on: February 25, 2012, 11:43:48 AM
(Fwiw, I will roll prior to a block being confirmed, but will not pay out until the transaction is confirmed at least once)

Bet: 1BTC from 1PN344c2nec1b29kFbTMcyTdMr4TN4igBp
# generated: 150
Payout: 2x bet, 2BTC

Congrats! Will send once confirmed. ETA: Off goes the coin!
4710  Economy / Games and rounds / Re: Worst Gambling Service Ever -- Relive Glory Days of Everquest! 1-1000 Rolls! on: February 25, 2012, 11:37:26 AM
Color me surprised. I was starting to expect this would just fade away.  Smiley

Bet: .25BTC from 1errG9KCenY4wSCjJppZtMcKoxyqDEvzv
# generated: 296
Payout: 2x bet, .5BTC


Cheers!
4711  Economy / Lending / Re: Requesting 100 BTC loan over 28 days on: February 25, 2012, 11:29:19 AM
I have been open and upfront that the only reason I registered on this forum is to make this post however that in itself does not make me a scammer.
I also have said I will be more than happy to send verification of id/address/salary or anything else as I am not a scammer.
I also do understand that only I know this and everything you have said is very valid and I accept the fact I may not get a loan here but it is worth a try, if I do not get one it is not the end of the world however I would save some money if I did.

I know - as I said, I'm paranoid out here lately as the occurance of scams have been blatantly high lately. You could provide a list of information and identity you'll be willing to disclose to the lender and see if the loaners out here would give you one. Kluge, Patrick and co would be the first people on the list to PM also.
I've watched this thread, and would consider it, but all my coins are tied up for at least a couple weeks. Fwiw.

If I were to make the loan, I'd probably be convinced if you scanned the paper documenting the payday loan. Again, fwiw, since I really can't make the loan right now.
4712  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Litecoin Prosper? on: February 25, 2012, 10:11:59 AM
I tried LTC mining a couple weeks ago. Mining was unprofitable (on top of the heat, effort, and not including wear on components - but fwiw, I was just using the cheap CPUs which run my Bitcoin miners), there was nothing I could buy (put my earnings in the one lonely lotto raffle), and I'm still not sure of why I'd want to use it over BTC even if the first two issues were fixed (particularly because even though LTC blocks are solved faster, websites seem to require more confirmations before they consider it valid). BTC was fairly unique and has a clear role as an innovative medium of exchange and has been relatively well-adopted - LTC is a spin-off competing for the same role without the benefits of being first.

I could see something like Namecoin working out as it uses the Bitcoin ideas and puts them toward something other than just facilitating exchange -- its inherent value is not only from its advantages as a medium of exchange. AFAIK, that's not the case with LTC.
4713  Economy / Games and rounds / Worst Gambling Service Ever -- Relive Glory Days of Everquest! 1-1000 Rolls! on: February 25, 2012, 07:47:18 AM
Minimum bet: .03BTC
Maximum bet: 5BTC
Send your coins to: 17vs6UMT4Upn4vw4A3VcapcUhdDKg8vzkq

Fuck up those simple rules and I send the entirety of the transaction to BTC100 -- WGSE adheres to a strict "no refunds for retards" policy!


What happens when you send your BTC:
I will use your coin to profit off the spread differences at various exchanges and between Gox bid/ask spreads, then split the profits with you 50/50 roll 1-1000 on random.org when I get around to it - or if I'm up, roughly around the time I see the transaction pop up. (within 24h either way, barring "acts of God")

If the number generated is:
1-375 = 2x coin returned
376-499 = .1x coin returned
500 = 1x coin returned
501-994 = 0x coin returned
995-999 = 3x coin returned
1000 = 1x coin returned + randomly-generated bonus prize of 0-10x the transaction! Yes, that means you could receive up to 11x your transaction amount! Here's your big number - the max prize (at "current" $5.06 BTC rate): $278.30

You get absolutely no guarantee I'm not fudging the numbers, but I'll post every transaction's receive address with # rolled, amount bet, and amount given, and you can guesstimate whether or not I'm telling the truth. However, returns will almost certainly be paid out faster than Bitscalper. I'll keep sheets on this, and 25% of cumulative profit will go to BTC100 (50% of that 25% will go toward covering my pledge until it's fulfilled, other 50% [100% if pledge fully honored] in the form of a new donation), calculated weekly (loose time estimate). If no profit, no BTC100 donation -- remember that if you win!

First drawing held when I wake up! Don't miss out!


P.S. The odds may seem shitty at first glance, but don't forget you're an "idealist" who would likely keep going both when up and down in fast-paced gambling games, losing larger amounts with competing gambling services than with this. Here, there is no wallet to tether you to the service, which would create a disincentive to back out even when you've beaten the odds and made a profit. Payouts go directly to your wallet and the game is quite slow. Therefor, I'm not so certain the odds here are any more shitty than with other services, all things considered.


ETA: Security upgrade! Please only use new address posted at the top of this post. For reference, here's the old address -- don't send coins here: 18pBTnFMUbKEGuh8F1bwz4FDL7aoRyNi9g - also don't send coins here: 1321Wq75VGygAqAedkd24cMQKB48Ef44Ny
4714  Economy / Speculation / Re: bitscalper anyone use this ? [PASSWORDS LEAKED] on: February 25, 2012, 06:47:13 AM
Absolutely shocking: this guy (terrytibbs) claims to be responsible for bitscalper and offering refunds.  This appears legit.

https://bitcointalk.org/index.php?topic=65946

Not sure if serious.

(IIRC from what I read) TerryTibbs sold Spotify accounts which he bought from someone else. The accounts he bought were all banned. Instead of refunding clients, TT bought more accounts and issued the new accounts to everyone whose account was banned. That second batch of new accounts was then banned, and TT thought purchasing new accounts to replace the old banned ones for free was enough on his part (even though the replacement accounts he gave for free were again eventually banned). Admins/Mods of this forum disagreed, and gave him the scammer label. He's now issuing partial refunds to everyone who bought a Spotify account through him, and it appears the admin/mods thought this was enough to remove the scammer tag from his account.

He was trolling in response to the Bitscalper question.
4715  Bitcoin / Bitcoin Discussion / Re: Idea: revealing Bitcoin users' identities AND improve anonymity on: February 25, 2012, 06:41:01 AM
I am glad to see that not everyone is obsessed with anonymity. There is so much more to Bitcoin, just like there is so much more to education and grades than keeping your grades secret from others.
Not if there were a Handicapper General who penalizes people with good grades. I'll be glad to see this tested, though, may not be so pleased with the results, but we'll be better for it.
4716  Economy / Auctions / Re: Silent Auction: $10 Federal Reserve Note on: February 25, 2012, 06:36:11 AM
I say we all team up and not bid, then we all split the $10 with the person who won the bill at 0.1 BTC
Alternately, it could be done in a "share" style. 100 shares of the $10 issued for .005BTC each. No single person is allowed to own more than 5 shares. Pool op, who bids for the $10 then converts $10 to BTC and splits it evenly to shareholders.
4717  Economy / Lending / Re: Requesting 1200 btc loan for mining hardware (w/ collateral) on: February 25, 2012, 01:10:28 AM
Wondering why someone would lend you the funds as opposed to use them to start mining themselves. This would remove the risk of getting scammed while keeping the upside.

Also, why just get a loan? Why not sell shares on glbse.com like all the other mining companies there. From a quick look, something like 10% of all bitcoins hashing power is a result of GLBSE mining companies.
I've gone both ways, GLBSE & lending for mining operations. GLBSE is very formal, the website's frequently non-functional or dysfunctional, but it's a great asset when it works, except shares are typically extremely thinly traded. I made an investment in both TyGrr and FPGA.contract, but had liquidity problems and needed to sell. I've pushed both stocks way, way down that way, and have totally eliminated all bids on TyGrr, and by user error, once sold the wrong stock at way lower a price than I intended. My fault, but not a possible fault in lending. In lending, there's typically no middle-man, just the lender and lendee who negotiate however they please. We can quickly and easily negotiate terms individual to what both our needs are, and the lendee can change his terms to suit what other lenders want instead of a one-size-fits-all solution.

I like them both. I like GLBSE for some of the liquidity it provides, and I could see why it'd be fantastic for ventures requiring many investors, but lending is much simpler and flexible, IMHO.

--

Loan I did to amazingrando before was fantastically smooth, and I'll try to re-lend to him this time if I ever have uncommitted Bitcoins again.  Smiley
4718  Bitcoin / Bitcoin Discussion / Re: Separating Bitcoin's Legitimate Business's on: February 25, 2012, 12:58:33 AM
What's wrong with the escrow system many of us are accustomed to?
4719  Other / Beginners & Help / Re: PC for Mining on: February 25, 2012, 12:55:28 AM
If you are fairly knowledgeable you should really build one yourself. You can find tutorials on youtube on how to put together a computer and if you need help with components you can either look through the forums for similar budget rigs or I could help you put together a part list. I enjoy computers so I'd be happy to give you any advice. Also I'm new here to the forum so I'm trying to establish myself on here. Right now I have a pretty small mining rig at about 1 GHash but I'm looking to expand in the near future. PM me if you have any questions.  Smiley
Know OP doesn't really want this answer, but I agree. Assembling a PC is simpler than assembling most furniture. Once you look at the motherboard and the parts with the cables they came with, it's fairly self-explanatory to figure out where everything goes. PCB's fairly flexible, and now almost everyone's stopped using a bunch of long pins on hardware, there's very little risk of messing something up. You don't even have to go through the trouble of trying to stuff all the cables in a metal box if you don't want - usually get better airflow with it outside a box.
4720  Other / Meta / Re: Bitcointalk.org's 'web reputation' low on: February 24, 2012, 11:56:27 PM
I'm still not sure why they think the forums are a source of malware though.

psy told you why. Theymos told you why. They both gave you the same reason for the malware distribution reputation. What's your doubt?

I didn't see Theymos' post. Psy's post wasn't helpful.

LOL, so, giving you an answer after asking you if you were serious wasn't helpful? Yeah, I know, he could've just answered it without the remark, but he still gave you an answer, and a correct one.

Why are you bothering to pretend you are not psy?

ETA: psy/undergod/Bitcoin ShitList sent me a PM suggesting "Bitcoin ShitList" is not "psy" necessarily, and suggested he has MPD. Sorry for the confusion my post may have caused.
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