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521  Alternate cryptocurrencies / Altcoin Discussion / scrypt and merged mining? on: July 30, 2013, 12:47:02 AM
Hey there. I'm wondering if anyone can help me find what I'm looking for, which is a scrypt-based coin with a shared blockchain/merged mining with Litecoin. Not 100% on how that works, some places I read that the merged mining is done as part of the coin (ie, when namecoin adopted a merged mining capable blockchain, they basically had to cut off transactions to their old chain and make sure they got to the new chain instead), while other sources seem to say that it's just a function that mining pool operators can choose to use or not? Any idea which way it goes?
522  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency on: July 29, 2013, 11:40:33 PM
Current:


Here's 1 hour later:



.25 XPM in 1 hour

I tried ypool with around 7000 or 8000 pps and wound up with around 2 xpm after 3 or 4 days and pulled the plug. What was I doing wrong?
523  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: July 29, 2013, 08:19:11 PM
Yes. But he appeared to have attempted to do some due diligence.
Yes. But it was done after he paid the money. He is not an exception. It is a common mistake for the average BFL sponsor (customer).

I guess it's an expensive lesson learned. If you're going to send $22k to a vendor, better to do your due diligence first rather than after. I know I did a couple hours checking them out, and that was just for a $150 purchase.
524  Other / Beginners & Help / Re: Pricing Multi-GPU Rig for sCrypt hashing on: July 29, 2013, 07:42:21 PM
No hostility, merely sarcasm. Smiley

There's zero performance hit in using AMD add on cards with intel chipsets. The performance gap between AMD and Nvidia is due to their different architectural approaches to doing work; it works out to AMDs advantage in the case of bitcoin, it comes out to nvidias advantage in other cases. But the maker of the board or chipset has no relevance to it.

Meanwhile, opting for intel boards and CPUs means paying the intel premium for no advantage, as the CPU does next to no work in the process. If you're only finding intel boards with many slots, look on other sites, there's plenty of AMD boards with just as many slots out there. If you find an intel board and processor as cheap as and AMD one, go for it. But that generally won't be the case, as that's AMDs lifeblood right there.

525  Alternate cryptocurrencies / Altcoin Discussion / Re: Terracoin attack caused Bter.com 50BTC loss on: July 29, 2013, 07:33:20 PM
Length of chain does not matter, it is total amount of work (listed as log2_work in debug.log file) done on it that matters. Put differently:

99 blocks mined at difficulty 1
1 block mined at difficulty 100 <--- this chain wins

TRC hard-forked at block 175,000 but last checkpoint is still at block 110,197 which means attacker still has coins he generated during attack.
Given that he also still posses massive hashrate, much more than 51%, he can still double-spend his coins, orphan anyone else blocks and so on.

So, does 101 blocks mined at difficulty 1 win over 1 block at difficulty 100?
526  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: July 29, 2013, 07:30:11 PM
I'm sorry. It's a lot of money. But I don't understand why you parted with it in the first place, quite honestly.
Maybe he thought he's ordering an ASIC from BFL?

Yes. But he appeared to have attempted to do some due diligence. Having done that, why would he place and order in July 2013 and complain a couple weeks later when he already knew that people who ordered the same unit a full year earlier had yet to receive theirs? Especially when he said the site was quite clear it might be two months or more til they get to his order. It's like me ordering today and complaining next week that I didn't get my order. Sorry. It just doesn't make sense. Nor does it make sense to call a detective rather than his credit card company when the vendor fails to refund his transaction.
527  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: July 29, 2013, 05:20:01 PM

OK, so you saved your money and placed an order in Early July 2013, knowing full well at that time that they had just started shipping orders from mid 2012 (for reference, my early Sept 2012 order was delivered July 2, 2013 - just a jalapeņo). And now you're upset that it might take a while, even though, at the time you ordered it, it said plainly that you were looking at at least 2 months until they shipped (or longer). And you're upset that another non-affiliated website shows you the time to break even without calculating for the increase in difficulty that will occur by the time you receive, which is also an unknown number? And then, you demanded a refund, which they declined. So you posted on their forums a solicitation to find other people to team together to have them investigated? So you went to the detectives about it?

A) Why in the world did you order on July 2, 2013 when you were already fully aware of the delays they were facing?

B) All they're selling you is hashing power. Whatever the network hash rate is, difficulty is, or value of bitcoin is at the time you receive it is nothing to do with the unit they're selling you.

C) So they declined to give you a refund. You're within a month of purchase, just call the credit card company and cancel that way. If you didn't use a credit card, paid by bankwire or worse, bitcoin, well, why did you do that knowing point A?

D) and of course they're not going to want their forums to be used to enlist people to try to get them in trouble.

I'm sorry. It's a lot of money. But I don't understand why you parted with it in the first place, quite honestly.
528  Other / Beginners & Help / Re: Pricing Multi-GPU Rig for sCrypt hashing on: July 29, 2013, 02:03:00 PM
Additionally, as you can easily put AMD cards into Intel boards - is there any particular reason to go with an AMD board for this - it seems there's a much better selection of 4+ slot intel boards than AMD...

I'm not terribiy impressed with today's compsci majors and have lost all faith in A+ certification...

But FYI there are plenty of amd motherboards with many pci-e slots. 16x or 1x doesn't matter, if you need a riser so be it. But given the price difference between amd and intel gear and that the CPU does nothing but play traffic director for a minimal amount of traffic, I would focus my search in the AMD realm only. My two satoshis
529  Alternate cryptocurrencies / Altcoin Discussion / Re: Terracoin attack caused Bter.com 50BTC loss on: July 28, 2013, 07:42:16 PM
A couple days ago, it sounded like the TRC network was 51%'ed; sounds like this was a MAJOR double spend. He sold the coins, all thought they were fine so he got BTC, then overwrote the blockchain from the point of transfer onward. Correct, or no? Definitely would be of aid to BTC and all the others to have an understanding of exactly what occurred.
530  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: July 28, 2013, 07:26:26 PM
It's beginning to look really ugly for anyone holding onto their BFL order that is not in the first month of orders. Jalapenos seem to be shipping at a decent clip but those who ordered singles/little singles/minirigs are being left in the dust.

BTC ROI for the little single I ordered (first week preorders were available) is now at the 6 month mark from my calculations.

Looks even worse for buyers of USB Block Eruptors. And they've actually received their product. Same for people buying Avalon units on eBay when they appear. The arms race is on and it's killing every devices ROI.
531  Bitcoin / Mining / Re: USD You Would pay for 1 GH/s Right Now on: July 28, 2013, 08:59:50 AM
Whatever the cost is, it doesn't matter. Just buy your gigahashes and "help secure the network". Never mind how inconsequential that gigahashes is, many people will claim that they're doing what they're domh with zero profit motive,tneyrejust trying to "ensure th future of bitcoin."  Joint hat crew and you can claim moral superiority
532  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency on: July 28, 2013, 02:01:37 AM
Which it'll do in a couple more weeks, once everyones 30 day digital ocean trials run out!
533  Economy / Auctions / Re: KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s on: July 27, 2013, 02:24:17 PM
Thank you! Look forward to this!
534  Economy / Auctions / Re: KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s on: July 27, 2013, 01:53:24 PM
I'll buy 8 shares. Paypal address?
535  Economy / Securities / Re: ASICMiner franchise plans: can now scale quickly without dominating the network on: July 27, 2013, 02:13:38 AM
Most Importantly, it allows them to collect on even more hashing power without technically 51%ing the network. Rather than just sell off 100 th of equipment (to make up a number), where they collect up front at the e Penske of their own mining operation, they can sell, make back costs and then some,and incrementally collect on even more hashing power in the network. The asicminer pool might only have 20%-30 of the network,but through this scheme, they could end up providing, and collecting on, in excess of 51% of the network without too many alarm bells going off. 

Friedcat was first out the door and he owns this network. The only reason he's not 51 of it now is sheer kindness. May as well be called the friedcat payment network. And yes, I own shares. Passthroughs. Though I'm starting to wonder about direct ownership.

Direct shares are for long term investors, PT's are for day traders. Those who try to day trade with direct shares will get lynched by other AM investors, friedcat's time is worth more than that.

I'm not day trading ASICMiner shares. Just simply acquiring more and more passthroughs every few days. The thing I like is that their distributions can reinvest to pick up more of the tiny shares, but I'd rather transfer round lots of 100 to direct ownership rather than having to maintain faith that my passthrough operator won't simply run off with all my shares, or the worry about an exchange getting DOS'd, closing down, or any other outcome.  I'm definitely not looking to waste friedcats time, just thinking about things from a risk perspective - I'd rather cut out a couple of layers of uncertainty since I have zero plans on selling.
536  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: July 27, 2013, 12:38:03 AM
Can you elaborate a bit on the "long con" game reference?

It seems that BFL must have made a substantial investment
in producing a functiong ASiC and usable product.
From the very first days this startup started with a lie. They lied they have attracted VC!

I have never witnessed another "business" taking pre-orders ONE YEAR ahead, lying they have attracted venture capital, using customers money for R&D and treating their customers like investor to share the risk but without investor rights, refusing full bitcoin refunds, now they stopped all refunds, and lying all the time month after month that what they need is just two more weeks and everything will be okay! Have you?!

Sock puppet here. Except I'm unaffiliated and not getting paid. Buy that's besides the point.

BFL seems to be the only complany to date that put sizable numbers of Fpgas in miners hands. And even today, they are the only company that have shipped price competitive Asics in any large quantity.  Asicminer has shipped thousands, yes , but at price points where people can't ever hope to earn back their investment. Even BFLs units that haven't shipped have more of a chance at one day paying for themselves than those USB block eruptors. As for Avalon? Limited availability, much high price per hash and signficant delays as well. It's endemic. But BFL has been the only company with a track record of getting hashing power into miners hands at a reasonable cost. Delayed? Yes. Obviously. But making progress without doubt. I got mine, and if they weren't shipping at all, their forums would be ablaze with people saying they hasn't gotten their order from dates that BFL claimed to have shipped already.

537  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency on: July 27, 2013, 12:26:36 AM
As noble as "protecting the network" sounds, no ones adding hashing power or priming power to any of the networks in order to protect it.

I am.

They're doing it for profit, plain and simple.

I'm not.

I happen to believe in the concept of a decentralised, user-driven currency, and that is my principal reason for taking part. If I make a little money on the way, good, but it's not going to pay my electricity bills. And if it all falls apart I'll go back to Folding@home and BOINC.

+1

Some poeple don't understand cryotocurrencies, and capitalism ingeneral, use individual greed to do collective good.

Then your altruistic. Misguided in my opinion. But altruistic. I say misguided because no deviant has close to the resources to overrun the network, not the motivation. As for the only party that has the motivation and, incidentally, the resources? No matter what all of us do, that party could still overrun the network if they so chose.

And you're in the 1%. Reading the BFL threads, and threads for alternate cryptos still seeking their first ASIC, no one is tryin to protect anything. They're all trying to leapfrog one another for a bigger piece of an always shrinking pie. 
538  Alternate cryptocurrencies / Announcements (Altcoins) / Re: {ANN} Cloudcoin CDC Release Announcement - POS/POW Scheme| NEWS on: July 27, 2013, 12:13:33 AM
When are you going to start selling off your million coins? You listed anywhere yet?
539  Economy / Securities / Re: ASICMiner franchise plans: can now scale quickly without dominating the network on: July 27, 2013, 12:06:50 AM
Most Importantly, it allows them to collect on even more hashing power without technically 51%ing the network. Rather than just sell off 100 th of equipment (to make up a number), where they collect up front at the e Penske of their own mining operation, they can sell, make back costs and then some,and incrementally collect on even more hashing power in the network. The asicminer pool might only have 20%-30 of the network,but through this scheme, they could end up providing, and collecting on, in excess of 51% of the network without too many alarm bells going off. 

Friedcat was first out the door and he owns this network. The only reason he's not 51 of it now is sheer kindness. May as well be called the friedcat payment network. And yes, I own shares. Passthroughs. Though I'm starting to wonder about direct ownership.
540  Alternate cryptocurrencies / Announcements (Altcoins) / Re: {ANN} Cloudcoin CDC Release Announcement - POS/POW Scheme on: July 25, 2013, 07:21:57 PM
Last I looked, a couple hours ago, it was down to 8 MH. This is from 35 at one point yesterday.  Doesn't sound like it's going anywhere.
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