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4881  Bitcoin / Mining support / Re: hundreds of CPUs online - Any worth? on: June 12, 2011, 02:17:07 AM
Idle CPUs use far less electricity than CPUs running on full load.

So yes, it might actually cause quite a bump in the electric consumption of both cooling and CPUs.
4882  Bitcoin / Mining / Re: Are you ready for an 80% difficulty increase in about a week? on: June 12, 2011, 01:44:58 AM
I am, because the price per bitcoin will follow the difficulty price close enough to 1:1 for me to care.

It can be and has in the past been for VERY long stretches far less profitable than now.

Currently BTC are overvalued (considering difficulty) a lot still. Most likely incoming bank transfers to MtGox on monday will catch the bursting bubble and let the price shoot up to the next one though. Roll Eyes
4883  Economy / Economics / Re: Graph: Exchange price relative to computing cost on: June 12, 2011, 01:37:02 AM
I liked the "USD per 100MH/s" one more...

Is there a reason why you display only so little data?
4884  Bitcoin / Bitcoin Discussion / Re: Buy low, sell high. We have a buyers market right now! on: June 12, 2011, 01:31:50 AM
Compared to earlier levels, mining is still very profitable, so I would either count on the greed of people and buy or do some more calculations and conclude that mining 1 BTC costs ~1-2 USD, so they're still far overpriced.

On a side note, MtGox seems to run dry. With just 200k USD you could run the price up to 24 USD or with ~ the same sum in BTC push it down to 10 USD.
4885  Bitcoin / Mining support / Re: hundreds of CPUs online - Any worth? on: June 12, 2011, 01:18:09 AM
Yes, they are THAT slow on Bitcoin calculations.
4886  Bitcoin / Bitcoin Discussion / Re: Huge arbitrage opportunity at Tradehill on: June 12, 2011, 12:43:37 AM
By the way, the 16 USD offer is gone already while I'm still waiting for my funds to get enough blocks to clear...

At least I got already 11 Bitcents from just ~1 USD of referrals after a few trades! Smiley
4887  Bitcoin / Bitcoin Discussion / Re: PsyOps101: To Destroy Bitcoin, I would... on: June 12, 2011, 12:38:00 AM
6.)  as soon as it appeared confidence in Bitcoin was permanently eroding, i would begin to pull all the hashing power off the network - "oh no!" people (and especially my blogging surrogates) would say: "it's the end!  all the miners are leaving, and the network will be insecure!"
...meanwhile the Bitcoin net hash rate just broke the 8 TH/s barrier the second time and this time even higher.

Also Blockchain forks are not that much of an attack, as long as they are less than 6 blocks long.
To create even a 3 blocks fork, you need either a LOT of hashing power (FAR more than 51%) or a LOT of luck.

Mining is STILL more profitable than a few weeks ago, the net hash rate is still high as always (and growing) - so where's the problem?

It just seems like someone did dump a few thousand BTC on MtGox on open instead of dark pools, either to buy in slowly later or because he/she needed the money. Nothing more, nothing less.
4888  Bitcoin / Bitcoin Discussion / Re: Huge arbitrage opportunity of Tradehill on: June 12, 2011, 12:14:17 AM
Well... why don't you? Wink
4889  Bitcoin / Mining / Re: Bitcoin difficulty not making mining worthwhile. on: June 12, 2011, 12:11:55 AM
sell your 90x 5830s on ebay for 150 each = 13500$$

eBay takes a good cut from this and might also rate you as professional seller --> problems with taxes guaranteed (at least in Europe).

I'd rather try to sell as many rigs as possible here in the forum - the GPUs alone are woth a lot more to people here than 150 USD a piece.


I the end I just doubt that the OP is not a troll, so I'm outta here.
4890  Bitcoin / Mining / Re: Bitcoin difficulty not making mining worthwhile. on: June 11, 2011, 11:58:20 PM
https://bitoption.org/

Just create attractive longer term options on your BTC and make sure to be able to pay your CC depts on short term!

Also where the hell do you put 30 rigs with 3 GPUs each?! Must be a lot of heat and noise...
4891  Bitcoin / Mining support / Re: Best Pool For a Beginner? on: June 11, 2011, 11:53:50 PM
So you choose to pay fees while you could pay none just because 1 user writes he likes it? Shocked

Anyways, I recommend Eligius, automatic payouts without having to do anything (if you stop mining after 1 week you receive the remainder) > all.

Btw. it's perfectly possible wo mine in several pools at once to decrease variance.
4892  Bitcoin / Mining / Re: 17000 BTC from 240 accounts on: June 11, 2011, 11:47:46 PM
LulzSec would claim they killed the pope if he dies tonight just to get some fanbois to go like this --> Shocked <--

 Roll Eyes
4893  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining Profitability Chart #2 on: June 11, 2011, 11:46:24 PM
Ah, and another question:
Where do you get this data from?

I guess from bitcoincharts.com... right?
4894  Economy / Economics / Re: Price vs Difficulty Charts - indicators for buying or mining on: June 11, 2011, 11:23:05 PM
Mhh, I revive the notion of real time Price vs Difficulty charts.

Check out http://forum.bitcoin.org/index.php?topic=14937.0

Not 100% ideal (no annotations...), but better than nothing... Wink
4895  Economy / Trading Discussion / Re: Withdraw your mtgoxUSD to PayPal on: June 11, 2011, 11:21:49 PM
There's a marketplace subsection on this forum... Roll Eyes

Btw. good move!
I expect the BTC value to skyrocket after money shoots in at MtGox on Monday, after banks do their transfers!
4896  Bitcoin / Mining / Re: paypal donation coming to anyone who can get me running on: June 11, 2011, 10:53:50 PM
He mentioned that he had BTCguild selected in the first post.

After fiddling with the "Solo utilities tab" and probably trying to launch her bitcoin client in server mode (and maybe also trying to connect to it?)
4897  Bitcoin / Mining / Re: paypal donation coming to anyone who can get me running on: June 11, 2011, 10:37:56 PM
Nah, I don't like giving out payment details - and also I like to help people.

If you feel like it, you can send some bitcents to the adress in my sig --> but I won't feel good at all if I get paid just for being helpful on the internet.
4898  Bitcoin / Mining support / Re: Mt. Gox drops to 20, reconsidering your mining rigs? on: June 11, 2011, 10:31:46 PM
Won't take long until MtGox is empty!
Only ~150k USD in bids until 10 USD has been reached...

The market needs both BTC and (even more) USD very fast or it might become _very_ volatile.

Nice weekend for gamblers, just earned another BTC on a price swing.
4899  Bitcoin / Mining / Re: paypal donation coming to anyone who can get me running on: June 11, 2011, 10:20:15 PM
2011-06-11 17:07:08 Listener for "Default": 11/06/2011 17:07:08, Problems communicating with bitcoin RPC
You need to set your "Server" in GUIminer to BTCguild, not to solo! Stop messing with port forwards... Wink
4900  Bitcoin / Mining / Re: The Most Efficient Rig on: June 11, 2011, 10:16:24 PM
You really can't multiply and divide by values in Celsius and get meaningful numbers. You would need to convert to Kelvin (i.e. add 273.15) to compare temperatures in that way.

Why this? Kelvin and Celsius are using the exact same scale + stepping an are just 273.15° apart (as you said).

Heat dissipation however is most likely NOT linear but rather exponential (it takes far shorter to cool down from 100°C to 90°C than from 30°C to 20°C if the room temperature is 20°C) so this chart is anyways useless. Heat is not generated in degrees Celsius, as a small hint...
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