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I notice 53.5k BTC to $7 right now. Does that seem a lot higher than before to anyone else? This makes it seem unlikely to me we will see $7 any time soon unless most of those walls are fake.
Then again these walls could be by the manipulator who is trying to get people to short in preparation for a massive short squeeze. All it would take is several thousand coins being pulled from the order book and a few thousand coins bought to cause a snowball effect (Short Squeeze).
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in Singapore they live on the edge  ... hey cool, the moment I previewed that the jessi alarms started to holla bull roars *goes to check if I'm now in the black again & yes, it's so - actually I was a little while back as I'd over compensated for Khou's spreads ~ nice That is a really cool pool. Is there any like that in north america? If I am ever in Singapore I will have to check it out. |
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squeeze incoming ?
squeeze up New daily high so it would appear we are on our way up again. |
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dont FPGA's hold high resell value?
If you can find a buyer. Some of the FPGA's made for mining may not be suitable for the other applications of them. You would either have to sell to a company which requires approved vendors to purchase equipment (you will not qualify), a student who could get a special deal on a brand new one anyways or a hacker who wants to break WPA protection. If the market were suddenly flooded with FPGAs you would be SOL for trying to sell it. If Bitcoin's encryption were to fail or if there were some fatal event then this is what would happen. I would rather be holding a graphics card than an FPGA long term. |
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Im not usually a bear but I think we need to test $5 more seriously before taking off again.
Translation: Someone please sell me some $5 Bitcoin. LOL |
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Low prices support FPGA's long term. Below about $2, no GPU miners are making any money. 3 year ROI is 33% a year. Show me any other investment with that potential. FPGA's are going to dominate mining growth from here on.
GPU mining will always be profitable for those in apartments who don't have to pay for electricity. The GPU is easily resold since it is also used for gaming. An FPGA is not so easy to resell and if Bitcoin tanks you are screwed on your invested. A 3 year ROI is beyond what any business I have ever worked for is willing to risk. ROI is usually 2 or less for corporate investments. |
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Also try just running 2 cards to see if you have the same problem. I would assume you have a 1000W P/S you are powering these cards with. I dont think that would be a problem though as likely the power supply would blow up if it were overloaded.
My 3x6970 rig drew right about 800w at the wall doing 1.2gh/s. That sounds about right. You should always design for about 80% with PSU so you have some headroom. Have you tried a BIOS update to see if it is just a firmware issue? |
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I am a man who can admit he was wrong and I was wrong about deleting the post. It was my fault and was in another thread. Not sure why I thought it was in the AML thread. Sorry for the false accusations.  Still want an official statement from the Gox about the phantom activity though. |
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Update: Tried disconnecting Crossfire bridges and still have the same problem.
Advice please? Anybody who can fix this for me gets .5 BTC
I think you should try diablo miner. Also what is your CPU usage like while you are mining? I have not tried mining with multiple cards but I might be able to help. Have you tried different miners in guiminer and what kernel are you using? I find the phatk kernels with polcbm to be vastly superior to my 6950 which is a 6970 with locked cores but that is only with one. One more thing to try is to reduce the aggression on the mining as this may be causing a limitation [EDIT] Also try just running 2 cards to see if you have the same problem. I would assume you have a 1000W P/S you are powering these cards with. I dont think that would be a problem though as likely the power supply would blow up if it were overloaded. |
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It doesnt always go red and yellow. Sometimes it just locks up an doesnt show any new activity. The graph still works fine for past activity but nothing new is shown until refresh.
Ever since I have found this tool it has been hard to use anything else. He dropped hints of making a trading platform based on this the other day which would be truly amazing.
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This will be ok for FPGA miners, because they spent only $0.35 per BTC for energy and maintenance (and the difficulty will be lower than now). This is silliness. How can you ignore the initial investment to own an FPGA miner? Hardware is free? Time is free? Also, what if I want 700 Bitcoins today, and not .03 that I get from my FPGA miner? What if I don't know how to run an FPGA miner? This. $550 or so for a single FPGA card that can then mine at a rate of .24 BTC per day given the *current* difficulty. Let's say you pay on average $0.10 per kWh, and the entire system to run a single FPGA card will use roughly 50W, so around $0.12 per day for power. (But if you're running multiple cards, the cost in electricity should go down.) If price ($6.20) and difficulty stay static (which is a really big IF!), then you will earn approximately $1.37 per day from an FPGA setup. At that rate, you can recoup the cost of the hardware investment in only 401 days. Of course, price and difficulty aren't static, and if you think the BTC price is too high right now and it were to drop to say $2 (after all, you said you could make money at just $0.35 per BTC), well, at $2 per BTC it would require approximately four years to pay off the hardware. TL;DR: The only way FPGA mining makes sense is if either the hardware costs drop significantly, or the price of BTC goes up significantly. +∞ I wish someone would pass this on to those who think a price drop below $2 would herald a grand age of FPGA mining. Simple fact is you must take ROI into account and the lower the price of bitcoin the less sense it makes to invest in such technology. |
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I feel whole again.
+1 I have been experiencing a problem with the site before and after the move and I am wondering if anyone else is having the same problem. Not every hour but frequently on the hours it stops responding and I have to refresh. It seems weird it is always on the hour and I was wondering if other people were experiencing this and if so what they have done to prevent/fix it? |
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Usually if your chipset goes into autoprotect mode it will slow down your CPU so keep an eye to see if your clock speeds are consistent.
My cpu is currently working @ 783 mhz - same mhash/s as with 3 ghz and ZERO cpu usage. I'm doing something wrong? If your cpu is not needed then cool and quiet should underclock it to reduce power consumption. As long as it speeds up when you go to use it for something else you are not doing anything wrong. With such low clock speeds are you running bulldozer? No, it's a Phenom II. I just mean that there's nothing bad in powersaving mode, because it doesn't (and shouldn't) affect gpu performance. Powersaving mode on your cpu is just fine. Your northbridge determines the number of PCIE lanes and by consequence all PCIE traffic (along with cpu) passes through it as far as I understand. If this is bottlenecking it would slow down GPU's simultaneously as was observed along with the CPU. Most people would not run into problems saturating the PCIE lanes on a motherboard but I can see 4x6990 causing some problems on a dated chipset. |
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It is encouraging to hear that you are making it easier to integrate into Amazon but I have a few questions:
1. When is the approximate timeline of this to be completed? If it is in the near future I will probably wait until it is implemented.
2. I notice that CAD is lower than USD even though the market is about the same price. CAD is currently worth less than USD in real life so would it not make more sense to sell at US price and pay a currency conversion charge (usually 2.5%)? As far as I know MTGox can do this.
3. Do you have any plans for adding newegg as a website? I will probably order from Amazon since you have the best gift card deals but usually newegg has better prices (Newegg.ca would be best for me)
4. If my order is say $250.00 and i have $215.xx in bitcoins can I put in the request for 250 and send all the bitcoins I have to make as close as possible to this amount? I say this because I will probably suppliment my order with a rebate credit card I received from OCZ and will be spending every bitcent for the card when I buy it which is very soon (Near $200 atm).
5. Would it be possible to put it a section to place orders for BTC amounts if #4 isn't possible. I know how many bitcoin I have but it might be hard to time with the market to fully complete my order in bitcoin alone.
Thank you
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I observed this myself on the charts.
Having seen Adam@MtGox at CES last week, I felt sure he would be responsive to me. I personally e-mailed him alerting him of a site malfunction, and he responded immediately to let me know he was in the process of contacting Mark. Meanwhile, I contacted Roger @ MemoryDealers, whom I presume is one of the few who probably has Mark's phone number due to their physical proximity in Japan.
Mark showed up in IRC within minutes, and indicated that the trading engine had stopped on a checkpoint due to a very large order, needing manual intervention to continue processing. He said this was to prevent a repeat of what we had in June. It is a very good checkpoint to have if it's for real, and at worst is a clever misrepresentation (e.g. if the software crashed rather than there having been a checkpoint, the checkpoint becoming a convenient excuse).
Adam's initial response was that there was a large order and they needed to ensure it was legit. Shortly thereafter, he told me that they had confirmed order was legit, and that they were resuming order execution. By then the queue was backlogged.
Doesn't look like shenanigans to me, it seems like something that can be reasonably expected in the face of the unusual.
Finally, an explanation. This is what I needed to hear but it should be coming from MTGox and not a third party such as yourself. Shouldn't the API have just stopped feeding data instead of going into a continuous loop like it did (more than one site had this occur as well). Also my orders were in above 6 while all this was going on and i was able to move a sell from 6.44 to 6.88 so it was actually kind of a good thing for me. If this was a large order that froze up should my trades not have been executed on MTGox instead of showing pending. Also if I was able to cancel the one transaction and get another one in and the lower transaction never went through I don't know what to make of that. Now if MTGox can come out and say this I will be satisfied. |
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I am upset they removed my post which asked about this in a more polite manner and would like an explanation.
MtGox can't remove your posts on this forum, and I don't have any record of posts like that being deleted. I had this graph posted in the MTGox AML announcement thread because someone asked what I meant when I said they owed us an explanation for the API problems yesterday. It disappeared one way or another which I found strange. The post asking what I meant was also gone (about 3 from thread). Not sure what happened with my post but it doesn't really matter since it doesn't change what happened with their API . On another note sorry for posting in the wrong thread and thank you for locating it to the correct one. |
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Milk was a terrible choice. (had to say it)
84 is what I am running on the 69xx series which I have been told is a safe temp (89C is safe for 24/7) so I would imagine it is fine for the 79xx series. Please check the documentation for the card to ensure this is indeed a safe temp as it is new and might have different operating limits. I know NVidia cards have lower maximum/operating temperatures and 84 would definitely cause my old nvidia card to crash.
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Usually if your chipset goes into autoprotect mode it will slow down your CPU so keep an eye to see if your clock speeds are consistent.
My cpu is currently working @ 783 mhz - same mhash/s as with 3 ghz and ZERO cpu usage. I'm doing something wrong? If your cpu is not needed then cool and quiet should underclock it to reduce power consumption. As long as it speeds up when you go to use it for something else you are not doing anything wrong. With such low clock speeds are you running bulldozer? |
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got them to 1.3 GH/z @ 1075 core.
Not sure pushing them any further will be worth it.
Nice. I would wait to see how far others can push their cards before I pushed it too much further myself. I know beyond 100Mhz overclock i need to increase voltage or the system locks up. The stock clock speeds on my OC edition 6950 are 830 but I can get 947 stable through afterburner if I turn my memory speeds down. Lowering your memory speeds should lessen the thermal load on your GPU and drop your temps, increasing the lifespan. 1075 seems like it should definitely safe as long as your thermals stay low. I made a custom fan profile in afterburner to keep my card cool. |
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Check the aggression in the miner. This type of drop is common if my aggression is set to 5. With my aggression set to 13 it stays 99% 100% of the time. If you are mining with the same settings on all this is one possible explanation I can think of. I am not running multiple GPU's but if the aggression is not the case then something is bottlenecking. I suggest you also check your chipset temperature on your motherboard. If it is overheating it might be slowing down the cards to protect itself. I had this issue with my CPU on the 790 chipset. Now I am on the 990FX chipset and have never had it slow anything down. Usually if your chipset goes into autoprotect mode it will slow down your CPU so keep an eye to see if your clock speeds are consistent.
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