quite interesting,
Sitting down and clicking for 12 hours a day seems a waste of time if these bots works proper.
So far.... they don't. :p I need to find a new strategy. Well, one bot has made 2% today. I need more time though. I am running 4 bots at the same time and comparing the results... will see what the account balances are in a week or so. |
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PPS payed by gpumax is much higher than by deepbit, for exapmple
From the original post: For Miners - Free
Manage your miner(s) on our website
Manage and track pools, shares, speeds and public work income. (See Below)
Lease your miner(s) to others earning additional income by setting a PPS price on your account that we pay directly to you when we use your miner(s) for public work sold through the website.
You will never make less than mining on your own.
Paid for public work with Bitcoins. Unless the OP is outdated, it seems as though each miner can decide what PPS fee they want to set. Obviously, they won't sell their hashes very often if they set it too high, but that's why I am wondering whether the PPS rate fluctuates with difficulty at all. I would hate to set it to a certain amount, then have difficulty go down and I make less on the PPS route than I would have without dabbling in PPS. |
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It doesn't really cut out the middleman, since in order to get fiat you have to go through a middleman anyway. Most of them are unreliable and charge higher fees than traditional payment processors. The only real benefit I see is no chargebacks. It's not easier to use than paypal, that's just nonsense.
Like you said too, the volatility isn't acceptable right now. I just lost 20% of my income over night due to this dip. Luckily that "only" cost me a few hundred, imagine people who do huge volume.
I say it's easier to use than Paypal... I agree... and safer and less expensive and more satisfying. And there are getting to be more and more places I can use it instead of paypal and/or a credit card. I would love to see my favorite musicians put Bitcoin addresses up on their websites so I can send money to them directly instead of having to go through some parasitic middle agency. I wanted to do that even before Bitcoin when I would download their music... even though in most cases I already bought their music in the form of records, cassettes tapes, cds etc. Actually, that's a good point. I should look at putting my music up through bit-pay. I bet it'd be a lot easier to get some automated digital goods download service going than it used to be... |
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It doesn't really cut out the middleman, since in order to get fiat you have to go through a middleman anyway. Most of them are unreliable and charge higher fees than traditional payment processors. The only real benefit I see is no chargebacks. It's not easier to use than paypal, that's just nonsense.
Like you said too, the volatility isn't acceptable right now. I just lost 20% of my income over night due to this dip. Luckily that "only" cost me a few hundred, imagine people who do huge volume.
I say it's easier to use than Paypal. I didn't have to log in to anything to pay for a copy of the Bitcoin Magazine with BTC through Bit-Pay, and I very much enjoy that aspect. Was done with the whole process in about 10 seconds, because my browser auto-filled my address information too. |
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Weren't Bitcoins worth like $0.50 in March of 2011? Bet he's sorry he didn't buy a bunch up at that time...
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In that case, Bitcoins have had dozens of crashes... Yes - Bitcoins have had dozens of crashes. It's pretty exciting as markets go.  Somehow, I knew that sounded stupid as soon as I said it. |
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Question: Can I set a PPS sell price relative to difficulty? So it'll automatically change when difficulty changes? I would like to do this, and offer my hashes for sale, but don't want to have to remember to check my prices every time the difficulty changes.
For now it doesn't really matter due to it being much higher than PPS but its a feature that's coming. Huh? What is much higher than PPS? Isn't the PPS price set by the miners themselves? |
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There was no crash. Are you confused about market trends?
Thank for you comment. A crash is defined as a loss of more than 20%, as seen in 1929 and 1987. BTCUSD fell from $5.50 to $4.20 within 24 hours. That is a 23.6% drop. That is a crash. Interesting though you consider a 23.6% drop as simply a market trend. It goes to show that "volatility" is relative and some BTCUSD traders are accustom to the extreme price moves of BTCUSD. In that case, Bitcoins have had dozens of crashes... |
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While I've got a 40Mbit/10Mbit VDSL2 FTTC connection that is getting upgraded to 80Mbit/20Mbit connection this year with unlimited bandwidth (tho I think they'd moan after 100GB). So might as well forward my ports to help the network?
It's completely up to you. If you take more of the load off of other people, then it could help them. |
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Question: Can I set a PPS sell price relative to difficulty? So it'll automatically change when difficulty changes? I would like to do this, and offer my hashes for sale, but don't want to have to remember to check my prices every time the difficulty changes.
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One thing to make note of... if you port forward, you'll be using up more bandwidth (from relaying the blockchain to more users). For some people, this is completely unimportant. For others (such as those in Australia), it can push them over their monthly limitations.
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There are an INCREDIBLE number of scammers here. I'd estimate half of the loans funded here on the forum are not repaid, and that's despite people avoiding most of them because they probably won't be repaid. Also, lots of people scam in the for sale section. They'll post a laptop for sale, etc, you pay them, and they never send the goods. Can't do a chargeback with Bitcoin, so they can just take the money and run. So people are very wary of newcomers asking for money, to the point of making fun of anyone who does so. I tend to believe people until they give me a reason not to believe them, but that gets me in trouble sometimes... Anyway, all of that said, I doubt you'll get a loan, but you can probably find some odd jobs here and there. If you knew how to program, I'd pay you to program me a trading bot.  |
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Just sayin... I checked the one wallet that contains 1 BTC, and that 1 BTC is still there.
bittit.info. The images are a little buried, but scroll down until you find "One of these Instawallets contains 1 BTC!"
And post here if you manage to get it, so I don't look like a scammer or something.
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It would be interesting if your forum posts had demurrage  What, the letters slowly disappear as time passes? Pretty soon, "A quick brown fox jumped over the lazy dog" turns into "I b ump te l ag" |
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Has anyone run the same analysis on Bitcoin nodes? See what sort of places connected IPs resolve to?
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Looks like there's a VB.net bot later on in the thread though, and I know that language too, will probably give that a try. That's mine!  It is going to stop working here in a bit as mtGox is discontinuing that API. I am stuck until I can figure out the new API. I am working on a new one, but progress is slow... Hope the API isn't the one I'm using.... I use just the basic http request method. Which API is being disabled? EDIT: Still haven't tried your VB.NET bot yet though. I want to set up a separate MtGox account and have my bot and your bot (and possibly more bots) compete with their own stashes of BTC. |
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153,593 miles.
Firstbits 18tkn.
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Just took about 2 hours and coded my own (very simplistic) PHP bot. But it executes exactly the strategy I wanted... I'll still have to work on finding something that executes the strategy I want, but with using real-time data. I haven't a clue when it comes to websockets in PHP/Javascript, so I'm just using the regular HTTP API.
Maybe I'll pay someone to program it for me... still need to check out the vb.net project though. If that's already coded to use websockets, then maybe I can modify it to suit my needs.
You can connect PHP to socket.io and run it in the command line for a real time solution. No need to go back and forth between PHP + JS with AJAX. And the latest edition to the MtGox API description page (on the wiki) shows how to submit orders over the WebSocket as well. Yes, you will need fallback to straight API calls. Yeah, but I would have no idea what I am doing. I don't know what socket.io is, I don't know how you would run PHP in the command line, and I don't know how to make a fallback. Which is why I mentioned having someone else program it for me. |
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I'll test it if there's an .exe...?
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