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4881  Other / Beginners & Help / Re: As a btc newbie which are the top 10 essential sites in the btc world on: February 06, 2012, 09:20:26 PM
https://en.bitcoin.it/wiki/Trade (Almost every service which deals with Bitcoin is listed here)
http://bitcoin.clarkmoody.com/ (Check the price of BTC with an updated "last" price in the website header, so no need to open a tab when using a multi-tab browser like Chrome or Firefox -- now reconnects if disconnected!)
https://glbse.com (Buy/sell BTC-denominated stocks)
https://bitcoinica.com/ (The bane of Bitcoin. Leverage yourself 10:1 and take a gamble on your projection of the Bitcoin price!)

Oh, and that. (lots of Bitcoin discussion & news)

ETA: http://bittalk.tv/?page_id=314 (Bitcoin Magazine -- get the BTC goings-on in a well-organized manner on physical media!)
ETA2: http://<i>Linking to illegal sites is forbidden. If you bypass this censorship, you will be banned.</i>.onion/ ETA3: uh... guess you can skip that one Tongue
ETA4: http://blockchain.info/ (Having issues with a transaction? Check out what happened here), http://bitcoincharts.com/ (charts with plenty of options for how to view the data -- also shows arbitrage opportunities between exchanges)

(8 sites, now, 9 depending on your criteria for what counts)
All else is irrelevant.
4882  Economy / Economics / Re: Bitcoin, debt as deep as the banks couldn't have imagined. on: February 06, 2012, 08:59:11 PM
Why would anyone lend to someone at a negative interest rate given there are still scammers (which, by one established lender's count, accounts for ~10% of all loan requests [ETA: that's all defaulters, not just scammers]) and when they could just hold onto it?

The risk of default is a whole separate topic.  It doesn't matter if Bitcoin is inflationary, deflationary, or perfectly managed to never have inflation or deflation.

The examples above illustrated an extremely low risk loan (home loan interest rates).

Risk simply raises interest rate independently of inflation/deflation.
If the bank wanted a 5% return, with 3% inflation, and estimated loss rate of 10% then the bank would charge 5% + 3% + 10% = 18%.  The "real" (economic term for adjusted for inflation) cost to borrower is 15%.

In a 4% deflationary environment the bank would charge 5% - 4% + 10% = 11%.
The "real" (economic term for adjusted for inflation) cost to borrower is still 15%.

Quote
What would really help decrease BTC interest rates is if there were enough BTC users to do loans locally where it's practical to have contracts enforced. Edit: Alternately, having many GLBSE users, where someone could just post transfer ownership of shares as security for the loan, would go a long way toward lowering interest rates.

Well spreading risk around doesn't lower risk.  The topic was about the effects of loaning in deflationary environment.  Default risk is a different topic.
Apologies. I re-read what I wrote -- I wasn't trying to veer the thread off-topic and mis-interpreted your post. I assumed you were trying to suggest that, were Bitcoin to steadily increase in price, lenders would begin offering loans at negative interest.
4883  Other / CPU/GPU Bitcoin mining hardware / Re: Random Shut Down? Need more power? on: February 06, 2012, 08:54:48 PM
I have a 1000W Rosewill Bronze Cert PSU running:

5870
5970
Phenom II X4 830
Asus Crosshair IV Extreme
SSD

Is that enough juice to power all these or is my PSU dying?

after a day of mining it just completely shut down and I have to hold down power button to restart it.

Rosewill is junk. A so-called 1000W Rosewill power supply *cannot* provide 1000W, not even close.
Do yourself a favor and get yourself a 750W or an 850W Corsair power supply, these are typically $99 and $119, respectively, if you shop around a little bit. Make sure you get a power supply with a SINGLE +12V rail. There are 4-rail or even 6-rail power supplies out there, where each rail is so weak that you will run into problems (hello, Antec!). I've been burned by multi-rail power supplies before and will never again buy a multi-rail power supply.

I'd disagree that ALL Rosewill's are junk...

http://www.jonnyguru.com/modules.php?name=NDReviews&op=Story5&reid=258

I'll just toss in that when I was looking for looking for a proper power inverter, I contacted 3 or 4 companies with technical questions. Rosewill was the only company to reply back with a knowledgeable answer which actually addressed my concerns. I've had some bad experiences with them, many good.
4884  Other / Off-topic / Re: Attention, Women on this Forum! on: February 06, 2012, 08:27:59 PM
I guess women becomes extinct is this forum. There was before.

That was before the males controlling the accounts were banned. But, it appears there is still one female user.
4885  Other / Archival / Re: Looking for a lender/partner to lend 75 ish btc and help with buisness on: February 06, 2012, 08:23:04 PM
Edit:Any unused space will be used to mine litecoins, because they are optimised for cpu mining. Obviously litecoin mining won't be profitable, but I'll will make a small amount of money, and makes more money than empty space does Smiley

........?

Is this a sockpuppet by Maged to see if anyone will lend?
4886  Economy / Economics / Re: Bitcoin, debt as deep as the banks couldn't have imagined. on: February 06, 2012, 07:45:20 PM
Deflation is going to stabilize once bitcoin matures. The nominal interest rate will adjust to take deflation into account.

This.

Today interest rates take into account inflation.

When you get a home loan at say 6% the bank has an inflation expectation, lets say it is 3%.  What the bank is saying is they want a 3% RETURN (actually less once you factor in risk of default but lets assume no risk of default to keep it simple).

So the bank says we are willing to lend at 3% + inflation expectation.  While your nominal interest rate is 6% your paying with inflated dollars (which are worth progressively 3% less each year).  So your carrying cost is a 3%.

Imagine a stabilized Bitcoin where deflation expectation is 3%.  Assumming the same risk above vhe bank would lend you money at 0%.  While your NOMINAL inflation rate is 0% your cost hasn't changed.  Since you are paying the bank back in deflated dollars (worth progressively more each year) you carrying cost is still 3%.

Likewise imagine a future Bitcoin where deflation expectation is 7%.  The bank would lend you money at a NEGATIVE interest rate (yes the amount repaid would be less than amount borrowed).  In the scenario above it would be -4% interest.  It still won't matter as the buying power of Bitcoin will rise by 7% per year your carrying cost is 3%.


Why would anyone lend to someone at a negative interest rate given there are still scammers (which, by one established lender's count, accounts for ~10% of all loan requests [ETA: that's all defaulters, not just scammers]) and when they could just hold onto it?

What would really help decrease BTC interest rates is if there were enough BTC users to do loans locally where it's practical to have contracts enforced. Edit: Alternately, having many GLBSE users, where someone could just post transfer ownership of shares as security for the loan, would go a long way toward lowering interest rates.
4887  Bitcoin / Mining software (miners) / Re: Sorry, Phoenix 1.8 will not be released on: February 06, 2012, 07:39:17 PM
249 shares accepted, 1 rejected, ~5MH/s higher than on original phatk.

Yeah, I like it.  Grin

ETA: After another hour, reject rate is 0.72% on EMC.
4888  Other / CPU/GPU Bitcoin mining hardware / Re: Random Shut Down? Need more power? on: February 06, 2012, 07:27:56 PM
Could be just about anything since PSU specs seem adequate. Bad RAM causes random shutdowns (this is at least very easy to check even without using software), so do hard drive (often accompanied by extremely slow load/boot times) failures. PSU could be failing, could be a tiny piece of metal on the MoBo which blows around when caught by wind. Could be the OS -- maybe, if you're running a Windows box, you just have auto-restart on after update.
4889  Bitcoin / Pools / Re: [ 115% Bonus PPS Pool ] - Private Beta on: February 06, 2012, 05:00:17 PM
Stale rate seems to be 2 or 3 times worse in the rig where my miners run in CFX (9-20%). The rigs where the cards run independently have a stale rate of ~4.5% using phoenix (ETA: stale rate continuing to drop on other rigs -- bit over 3% rejected, now). Settings are significantly diff. on the CFX rig, too, to prevent mining from interfering with my web browsing.

Hm. Now it's remarkably worse. Maybe a temp. thing with server? Running one card on CFX rig with poclbm, one with Phoenix. 9/12 shares rejected. 7/8 for poclbm, 2/4 for Phoenix. Will continue testing...

Eh - I'll just keep my non-CFX rigs on this pool, move the CFX rig back to old pool. Should still be putting out bit under 1.5GH/s. Losing quite a bit with only 20-40% of shares accepted on the CFX rig.
4890  Economy / Services / Re: B>Votes on: February 06, 2012, 02:09:24 PM
+1 vote.

Added it to your tab  Tongue
4891  Economy / Securities / Re: [GLBSE] TyGrr Tech on: February 06, 2012, 01:25:57 PM
38 YAY
3 NAY


in the vote till now..
since there are NAYs i would like to discuss them.. why NAY?

I would also like to know why as this will add to the dividend at no cost to stock holders.

Edit:  67 to 3 so far. 

Kluge, would you like to add some input to this? Smiley
*rubs "morning sand" out of eyes* 434 to 3.
4892  Economy / Speculation / Re: bitscalper anyone use this ? on: February 06, 2012, 01:23:29 PM
Considering that the transactions seem to have been processed, it might be all right...
They have not been processed.

ETA: Oh -- checked my account. They've just been canceled. Will try another withdrawal,
4893  Economy / Long-term offers / Re: How to get Loans from the IBB on: February 05, 2012, 07:00:06 PM
what do you mean TraderEdgeDice ? cheaperinbitcoins.com is offline now. will relaunch soon (somewhere in march)
It was previously redirecting to sarahsparkles.net or something like that. Suggestive image of a woman saying the website's "cumming soon." :s

Here's what I have from my history log for the link (no cache): <a href="http://www.cheaperinbitcoins.com/" style="background-image: url(chrome://favicon/http://www.cheaperinbitcoins.com/); " id="id-124">SarahSparkles.net - Cumming Soon!</a>

ETA: SarahSparkles.net & cheaperinbitcoins.com use the same ISP, same registrar, both have an alleged owner who uses Hotmail, but they have different contact info. Hm.
4894  Bitcoin / Pools / Re: [ 115% Bonus PPS Pool ] - Mining Opportunity on: February 05, 2012, 06:50:03 PM
Just received payment. ~3.55BTC payment for ~3 days of mining + ~.5BTC @ backup pool. Usually mine ~1.5BTC/day + I added an extra card in the mix a day or two ago (using 7 5850s instead of 6). Earned ~1.35BTC/day (which, coincidentally or not given the payout reduction for suspected hopping, is exactly 90% of what I was earning), but there were plenty of problems, both on pool's end and my own (decided to play around with voltage/clocks causing a few resets, daughter unplugged 3 rigs with 6 cards), but also am now getting ~10% more MH/s than I was (excluding extra benefit from extra card running). Will see what payout is next week. Still having connection problems causing fallbacks to the backup pool.

Hi

We didnt at all penalise anyone, expect earnings would definitely be affected by alot of server issues/lower than expected submitted shares etc. This is being dealt with and tomorrow server switch will give you better calculation on next payout cycle.

Its definitely been a crappy first 4days and from the person in charge(me) its not how I wanted things to start off, that said it could only get better from here onwards, learned alot in last couple of days and the issues we encountered could not have been tested without high hashrate from multiple locations stressing it.
I re-did calculation for average of what I was earning. The last calculation I did showed much better average reward/day at my old pool than one I just did over a few days before switching. Mining reward is significantly higher mining at your pool than what I was earning doing an average over a few days before switching. I'm still having some connection issues, but it's way better. Next week should be much better.
4895  Bitcoin / Pools / Re: [ 115% Bonus PPS Pool ] - Mining Opportunity on: February 05, 2012, 06:43:22 PM
Just received payment. ~3.55BTC payment for ~3 days of mining + ~.5BTC @ backup pool. Dramatically higher than what I was receiving, but I also added another card and better-tweaked (though it caused a few resets on my end) my cards during the time. Not bad. Excited to see next week's payout with things being more stable.
4896  Other / Politics & Society / Re: We are the enemy. on: February 05, 2012, 02:30:37 PM
kluge - cigarette smokers get cancer and come to hospitals for treatment.  That has to be paid for.  In the UK, smokers actually make a small profit for the NHS because they generate slightly more revenue than they consume in cancer treatments.  I assume that's the kind of tax you are talking about?

As a smoker, the risk of cancer doesn't scare you but, seriously, you messed about with asbestos?  No matter how much money you saved, that's not a good idea. 
I was not willing to pay thousands to follow government law on asbestos. The lack of respirator was stupid laziness on my part. ETA fwiw: I wouldn't have removed it at all if I weren't legally required to do so prior to selling the house.

Cigarette smokers have to have their illnesses treated using government money when government involves itself with paying for health treatment. I pay for my own healthcare, so justifying charging me 4x or more the cost of production in various taxes and regulations on producers is unfounded.

If you have private insurance and if your insurance covers you for asbestosis and for lung cancer, great.  We are all happy for you.  But lots of people don't.  We still have to provide them with health care.  So a tax is justified.
It's unfair to tax all cigarettes (I'm supposed to pay that tax AND others' medical expenses while paying for my own family's insurance while I haven't been above the USG's income poverty line since my first job), and I will continue to evade those taxes. As those taxes increase - as I said earlier, more and more people will find following government regulation more burdensome than evading it, and for a government to recoup the taxes being "stolen" from them, they'll need to spend more cracking down on illegalities (which has proven rather ineffective in the USG's "War on Drugs"), likely negating tax revenues from the increased taxation/regulation.

The health care still must be paid for and there is no reason anyone other than smokers should pay it.  I appreciate you don't like paying for it but it does have to be paid for. 
Then to the USG and all governments seeking to collect money in the manner of organized criminals -- good luck, godspeed, and may China continue to finance. (didn't create a new post so as to not continue derailing this thread)
4897  Other / Politics & Society / Re: We are the enemy. on: February 05, 2012, 02:14:14 PM
kluge - cigarette smokers get cancer and come to hospitals for treatment.  That has to be paid for.  In the UK, smokers actually make a small profit for the NHS because they generate slightly more revenue than they consume in cancer treatments.  I assume that's the kind of tax you are talking about?

As a smoker, the risk of cancer doesn't scare you but, seriously, you messed about with asbestos?  No matter how much money you saved, that's not a good idea. 
I was not willing to pay thousands to follow government law on asbestos. The lack of respirator was stupid laziness on my part. ETA fwiw: I wouldn't have removed it at all if I weren't legally required to do so prior to selling the house.

Cigarette smokers have to have their illnesses treated using government money when government involves itself with paying for health treatment. I pay for my own healthcare, so justifying charging me 4x or more the cost of production in various taxes and regulations on producers is unfounded.
4898  Other / Politics & Society / Re: We are the enemy. on: February 05, 2012, 01:58:29 PM
What I love about the Politics forum (and, indeed, any politics subforum in general) is that people rage at things like this, but nobody ever proposes a politically feasible solution.

Go ahead, try to get Ron Paul elected or start a petition... and watch it fail. 

I've come to realize that there's no point in talking about politics, because one will never succeed against the state. 
Maybe not politically, but the more laws governments enforce with less funding, the easier it is to just ignore the government altogether. Forced gov't regulations -> demand for unregulated (cheaper) goods. Sin taxes on cigarettes are a great example. The government has essentially forced all legal producers/resellers of cigarettes to sell @ >3x the price they ought to be. Some US states still permit people to "lease" cigarette-rolling machines from smoke shops. Usually comes to half-price, depending on how "pipe tobacco" is taxed. Leasing the machine amounts to about half the total production cost. Roll them at home, and it's ~1/4 the price of pre-fab legally-sold cigarettes in US states, maybe 1/10 or so the price in particularly obnoxious anti-cigarette areas like NYC. That fraction of the price still includes pipe tobacco tax. Remove that, and there's even greater profit potential. Meanwhile, most police officers are human enough to realize how asinine it is to punish people selling "illegal" cigarettes, and don't charge (instead telling the offender to just not do that around here) assuming it's not connected to organized crime. Selling alcohol in areas like NYC on the street isn't too uncommon, either.

Point I'm getting at -- the more obnoxious government is, the less likely it is for people to operate legally, and the more likely it is to create black markets. At that point, when regulations are so obstructive as to make illegal production preferable, government loses all control over the market, loses tax revenues on production/resale, has to beef up the LEO budget for enforcement, and disenfranchises its citizens. Long-term, this is great for civil liberties, so long as government is unable to secure adequate funding to practically enforce all its law. As government increasingly barks about criminalizing economic ventures, anarchy becomes more and more widespread.

Here're a couple well-fitting examples, I believe. In a city I previously lived in, all plumbing work had to be done by a "master plumber." I was going to hire a plumber to install a toilet. After companies told me the price increase due to needing a "master plumber," I decided just to install the toilet myself. Had the city just insisted all plumbing work had to be done by a plumber, I would've just hired a plumber - but they went too far, and made it too expensive for me to prefer following the law. Another example -- a state I previously lived in insisted all asbestos had to be removed by a licensed asbestos abatement company, and sent to a special very-expensive dump. That cost many thousands, so I instead removed the asbestos tile myself - no mask - drove all the asbestos tiling to another state ~6h away where I had a trash container, and dumped it in there. Cigarettes, of course, I roll myself using "pipe tobacco." There are many ways to get around governments which make living too burdensome, and as those burdens increase, more and more people will simply ignore law.
4899  Other / CPU/GPU Bitcoin mining hardware / Re: Raspberry Pi $25 PC - Could we run GPUs/FPGAs on this? on: February 05, 2012, 12:09:10 PM
This looks cool, but when you can buy an Atom mini ITX motherboard for $25 more.. and need an ATX supply to run the FPGAs anyway..

-rph

"$25 more" is double the price.
So that's actually a lot more.

As for the ATX I'm sure plenty of people have lots of cheap PSUs laying around. I know I for one would be glad to sell all my spare PSUs off for $5 or less if it means I'm rid of the things.
That's a curious fallacy humans apply to cost-analysis. 2x more does not equate to "a lot more," but people do this all the time when considering which item to buy. For a very telling example of why that line of thinking is so wrong, consider buying a pair of earphones vs. a car -- assume you check prices at two different stores which aren't far apart (and they both carry cars and earphones):

First, you go to Store A. They sell XYZ earphones @ $12, YXZ cars @ $12,000.
Store B sells XYZ earphones @ $5, YXZ cars @ $12,100.

The majority of people will likely buy both the car and the earphones @ Store B because in their minds, they think "$100 isn't very much in the context of a $12,000 purchase," so they aren't willing to drive all the way back for such relatively meager savings. These same people, were they just buying earphones, and went to Store B first, would likely go back to Store A to buy the earphones, because in their mind "$7 is a lot in the context of a $12 purchase." But, your finances don't really give a damn where your money comes or go. There is no "context" -- it's just numbers. This odd way most humans calculate whether or not to purchase something is why salesmen are so successful at selling people garbage add-ons & warranties. The cost of them is a small amount in the context of the whole purchase, but stores know better, and can see huge profit boosts by selling people on the small stuff. (P.S. $50 in the context of a $6,000 FPGA farm purchase is a drop in the bucket Tongue )

ETA: derp. I will read threads all the way through before posting so I don't give redundant information. I will read threads all the way through before posting so I don't give redundant information. I will read threads all the way through before posting so I don't give redundant information.

... So.... on-topic. This could be very exciting with a video adapter. It probably would be quite cheap to have these PCs shipped here, give it a unique aesthetic (I'm thinking a Hot Pockets box), then rebrand it as the Ghetto PC. Surf the web, watch videos, play basic (and I mean BASIC Wink ) games, edit documents, read your email -- perfect for poorer & older people.
4900  Economy / Speculation / Re: bitscalper anyone use this ? on: February 05, 2012, 11:34:54 AM
Requested a withdrawal yesterday afternoon after wanting to go for a deal on GLBSE. It is now morning. "Processing."
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