No. Mining with CPU has (proportionally to its hashrate) the same chance as mining with GPU. All miners are refreshing their work periodically every few seconds regardless on their hashrate, so slow mining isn't a reason for "skipping a block".
This would be true if you were solo mining with a CPU. Just to give you some figures: if you solo mine with a CPU - let's say you get around 2 MHash/s - you will have a 50% chance of finding a block in around 100 years. So the alternative is to mine at a pool. But the pool only pays if you submit a share and since you can't submit a share fast enough, you will not earn anything. It's "theoretically" the same chance, but in real world you will simply not get paid unless your pool pays for invalid shares (and you need to tweak your client to disable long polling or something...) |
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Most people fail to realize that mining with a CPU may be impossible because sometimes a block is found before you are able to complete a share. So this is not a matter of economic viability: having a GPU is a requirement for mining.
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Bitinstant just deposited my money into my TradeHill account so everything worked out great. Thanks for the help.
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Next time you should mention that it's AUD and not USD. Thanks anyway I guess...
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You can use bitcoins without ever installing the client.
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You can fork the client without doing an alternative chain if the changes aren't significant. Just add your improvements to the GUI or whatever. Some of them might be integrated in the official client if the developers like them.
Creating a bitcoin-like currency exclusively for one country is dangerous because it is much easier for other people to take it down with a 51% attack.
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I don't understand the question. How can a website be annoying?
The fact that you have to wire money onto a banking account, and then send that money to a trade account. Then buy the bitcoins, and transfer those to your bitcoin client. Then if you want to buy something with Bitcoins you need to send your bitcoins to the merchant website. It can require 3-4 accounts, and a lot of tedious sending back and forth. Do you think this is going to bother an average person who is just getting into Bitcoin? I disagree, websites are GREATLY helping bitcoins. Sure, some are scams, but everywhere there are scams, not only with bitcoin.
That's not the point though. I am not asking if we need websites (of course we do need websites and the services they provide), I am just asking if the processes is tedious because my project is about trying to simplify and centralize the process so that the average user can more easily take care of all these services. You're allowed to change your answer, so if you think the process is simple enough, and wouldn't discourage a new user then click, "I disagree". If you think that the process would be annoying for the average user just getting into Bitcoins, then click the, "I agree". The poll title is completely misleading. So is the question "Do you think that the process of buying bitcoins to purchase goods and services is too complicated?" ? If so, then yes, it is not easy. A better solution would be to allow people to buy bitcoins with a credit card for example. |
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I don't understand the question. How can a website be annoying?
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If you want to deposit bitcoins into mtgox, you send bitcoins to that deposit address. If you want to withdraw bitcoins you click withdraw funds in the left menu and write the destination address (the address where you want to send the coins to)
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It's not a scam. It's gambling and the rules are clearly written there. You can spend $5 without receiving a single bitcoin.
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One question for the community: some people who see the mysterious looking string on the website are asking the right question: "What is Bitcoin?" Diaspora team wants to include a link to explain what Bitcoin is. What ONE link would you recommend be put up there? Is http://www.weusecoins.com/ still the best way to go? I have mixed feelings regarding weusecoins' video. I think that common people should learn about bitcoin without the crypto/mining/P2P stuff. For example, I like bit-pay's presentation, but a link there may not be appropriate for this situation. So yes, weusecoins is the best we have I think... Anyway, congratulations on this  Is bit-pay involved or are the coins manually withdrawn by diaspora? |
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But what if I ship a paper with private keys and post tracking number to auto win dispute?
If you sell "a paper with a bitcoin private key" insted of "X bitcoins", then I believe that you can make it. |
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Because that is not a real auction. You need to buy credits in order to bid. He is receiving much more than $0.30 for each coin.
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The last slide needs to be changed because ExchB is now closed. It also makes me wonder why were they doing this with you just a week before the closing announcement...
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I believe that eclipsemc keeps a list of people who found blocks at their website. Check there
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What do you mean by 512 NVidia Cuda GPU cores? What cards are you talking about?
With CPUs you are looking at 3/4Ghash/second and a huge increase in electricity costs. You could replace all that by a handful of ATI cards. You have got the worst hardware for mining.
Hi, cheers for the response. 512 Cuda GPU cores come from 2x Quadro 4000. It was just an idea, the units are there already running, I don't have to buy anything its just the time setting it up. These are just PCs that are sitting idle for most of there time. power use age is no problem either, so think of it as free electricity and hardware. 2 Quadros don't change anything. Like I said, you have around 3/4Ghash/s.See here: https://en.bitcoin.it/wiki/Mining_hardware_comparisonJust let me tell you that whoever is paying for that electricity will notice the consumption increase. Which means that if you don't have the permission to use the computers for mining you will get caught. |
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What do you mean by 512 NVidia Cuda GPU cores? What cards are you talking about?
With CPUs you are looking at 3/4Ghash/second and a huge increase in electricity costs. You could replace all that by a handful of ATI cards. You have got the worst hardware for mining.
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I will soon be implementing something like this into the bitcoin markets project. Something like what? Everyone can have a consolidated market depth with a simple script. What we don't have is the ability to issue a buy/sell order and have it filled at the best possible price from any exchange. |
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you really are disgusting Nagle. the volumes on the y axis at BitcoinCharts are in Bitcoins, not USD. for example go there and look at just Todays Volume=28,592 BTC or 66,225.74 USD. thats an extraordinary profit.
Volumes are incredibly low right now. We are coming back to April/May levels, which may also may explain the price drop. |
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