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Did it pass or fail?
This says it failed:
Ticker ID Created Expired Result Yea Nay Total % pass
MU 4 2012-03-30 2012-04-01 failed 1123 70 1193 51 details
But 1123/1193 or even 1123/1320 sold is a huge pass, right?
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Talked to my friend who is an electrical (power) engineer and works for a power company here in Colorado. He agreed somewhat with me but I did learn some new facts.
If demand drops they will turn off the production that is easiest to turn off first. So here is what will happen:
1) They will turn off all of their solar energy production. These can be turned off with the flip of a switch.
2) They will turn off all wind generation stations. These can be turned off one by one as the demand drops.
3) They will turn down (not off) their most efficient combined cycle natural gas generation plants - these can be turned down to about 60% without much of a penalty when restarted (reheated)
4) They will turn down the fuel flow to other older natural gas plants.
5) They will turn down the fuel flow to the coal fired plants.
6) If the drop it enough then they might consider turning down any nuclear power plants they may have.
Notice that 3) through 6) will never get turned off, just down, due to having to get them back up to temperature if turned off.
So, the consequnce of Earth HourTM is to shut off all the cleanest and most expensive power production and use the dirtiest cheapest power production. Great for the power companies. Maybe they are sponsoring it?
I was wrong about waste. They will do all of the above to match the production to the demand. There is very little waste during a smooth event like this. A total drop or a huge spike is different. So, unless we get everyone to turn off everything he expects just about zero effect, asside from those measures described above.
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Today I am meeting with a buddy that actually runs a few plants - I will ask him.
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Number of zeros - kind of ala Bitcoin protocol...
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I think we need someone:
with a very high rep
a lot of personal financial backing
that believes in Pirate and would like to loan to Pirate
is not Pirate
does not have loans to Pirate and will not have loans to Pirate
to sell CDSes on the Pirate loans.
aka you? Nope since I am Pirate - just joking. It is not me since I have loans to him. |
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I have taken an interest in your case. PM sent.
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I think we need someone:
with a very high rep
a lot of personal financial backing
that believes in Pirate and would like to loan to Pirate
is not Pirate
does not have loans to Pirate and will not have loans to Pirate
to sell CDSes on the Pirate loans.
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This is stupid, purely symbolic and wasteful of our natural recourses. Power plants cannot be turned off for one hour and they will not be turned off since the operators know full well that consumption will pick right back up again after the wasteful symbolic hour. During the hour of reduced consumption all the excess production is simply wasted. Typical of this kind of idea - does exactly the opposite of what it is supposedly trying to do.
What I plan to do during this hour: I will raise my clock rates, fire up additional AC and fire up all my spare cards at full capacity.
This is the most environmentally sound response to this stupid idea as it will utilize energy that would have otherwise been totally wasted.
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Then get tickets with those more rare combinations Can you really control the hash of a transaction? How would you go about that? Sounds pretty hard to me. |
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So, go all in, make a Miner's Day Off where everyone kills their miners for an entire 24 Hours at 0 Hundred UTC, and see what happens then?
This is a great idea! I really hope that you can get all the other miners to do this. I will raise my clock rates, first up additional AC and fire up all my spare cards at full capacity that day and reap the rewards  |
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That is exactly the point. They cannot really reduce production for just one hour so they maintian production. Thus all the energy "saved" is really just energy wasted.
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Article booring but one interesting point from the comments after the above article: What do these knuckleheads think they are saving by switching off for an hour? The spike in excess generation shunted to ground, excess steam pressure vented, what a waste. Then, just about when the grid operators get things stabilized, a spike in demand occurs as everyone switches back on. What thoughtless irresponsibile ineffective dunces these dogooders are. This is true and gets worse the more "successful" the event is. Although if operators know the consumption is going down and then up again they can plan for it to a certian degree. |
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perhaps though, some other payout schemes are somehow vulnerable to sudden and massive changes in hashrate? Maybe organofcorti or Meni Rosenfeld could comment on that? I just saw on a thread on slush regular miners complaining they are losing on short rounds. Could of course be due to regular hoppers, but maybe its doable with gpumax too. I dont know exactly how Slushes score based system works
One of my purchases was for 60K shares at a cost of like 3BTC I think. I pointed it at Slush, and got in on a 7 minute block, making like 7 BTC. The next time, I paid something like 6 BTC for 100K shares, and did the same thing, and the return was 3 BTC, so it evened out. I then stopped gambling with my BTC. This is about what happened to me. Got very lucky once - thought this is EASY. Fail a few times. Now I "leave it to the professionals" and just take the extra BTC for letting them use my rig. Why do they do it - don't care. |
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I vote announce & start that any amount may be sent & what's not divisible by 0.25 coins (the last left over bit) goes in to the JP tip jar starting with next week's May lotto (to keep things simple this time, as we've already had the one major change this month to accept multiple 0.25 bets in one tx) & I confirm that I shall be seeding it with 100 coins on day 1 or sooner if bitlotto sends me the address beforehand which he said that he's going to do
Second. The 1% rake is fantastic. This will keep the rake the same but give bitlotto a bit more - either on purpose or by accident. actually I meant for any over-payments portions to go to the pot as bitlotto said; it keeps the total received = jackpot, so nice & simple, but I'm cool with them going to bitlotto as a tip for vanity amount bets etc also edit: jackpot now plenty enough for a BTF Lab's BitForce Single  I get it now JP = jackpot, I was wondering about that. Either way is fine with me. I can always send a donation directly to bitlotto. It is nice to be able to look at the block explorer and see the total jackpot amount (minus 1%). I cannot decide. You all decide. It is not enough to worry about either way. Whatever is easier for bitlotto - that is my vote. |
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Finished the ULINE catalog. I've seen every single product they have to offer and probably read the description for over 80% of them. I know the different width & tensile strengths of their cable ties, know the NRR of their various ear plugs, and know the load capacity of their shelving units. Next up is product/# memorization. The 5+ hours I put into memorizing these prior to BTCMag arriving will save me minutes if I were ever to order packing, organization, cleaning, and/or trash receptacles over the phone.
ULINE? While waiting for the Bitcoin magazine I decided to go back and re-read my entire collection of vintage Playboy magazines. There are a lot of interesting articles  |
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I vote announce & start that any amount may be sent & what's not divisible by 0.25 coins (the last left over bit) goes in to the JP tip jar starting with next week's May lotto (to keep things simple this time, as we've already had the one major change this month to accept multiple 0.25 bets in one tx) & I confirm that I shall be seeding it with 100 coins on day 1 or sooner if bitlotto sends me the address before which he said that he's going to do
Second. The 1% rake is fantastic. This will keep the rake the same but give bitlotto a bit more - either on purpose or by accident. |
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