Nicely working pool. Now that you're ~700 GH/s, what do you think about dropping the huge 10% PPS fee?
it's 7% iirc |
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I'm no expert in these matters, but IMO it's very simple. The only time Bitcoin dropped in value was when Mtgox was DDoSed. All the other fluctuations correlate with articles in press and other exposure to the masses or lack thereof. I think the value will be increasing for a long time to come as long as there is a steady influx of new users
this are my thoughts exactly. |
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I have 0/unconfirmed on a transaction that got in a block 43 blocks ago. Is that something I should worry about? edit: seems like there are no inputs, although there are shown on blockexplorer----- debug print Credit: 0.14 Transaction: CTransaction(hash=d85106b467, ver=1, vin.size=1, vout.size=2, nLockTime=0) CTxIn(COutPoint(d4aa1257fd, 1), scriptSig=3046022100e3f82c1755e927) CTxOut(nValue=1.86000000, scriptPubKey=OP_DUP OP_HASH160 c8c029ce1ace) CTxOut(nValue=0.14000000, scriptPubKey=OP_DUP OP_HASH160 198d80f19e84) Inputs: edit2: redownloaded the block chain and it's ok now. Weird, as I tried -rescan also. |
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I don't think you're supposed to use the same address twice?
It was my mistake. Nevetheless it was my BTC. And now they are Mtgox-owned. And it was less then 24 hour between transfers. I'm sure you will get a reply to your e-mails. Patience  |
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I don't think you're supposed to use the same address twice?
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I convinced one friend to start mining, and 3 to buy some bitcoins (and they in turn have convinced a few more). One is particularly resistant and thinks bitcoin is a pyramid scheme no matter what, so I'm giving up on him Astonishing! How can he think bitcoin to be a pyramid scheme if there is no central entity or person (ie the "capstone") involved? Ohwell..chalk another one for human stupidity..the only true infinite commodity in the world. exactly. I've given him numerous articles to read on the subject to no avail. He still thinks "someone (satoshi) is making a shitload of money from us" (which obviously might be true since he got bitcoins when they were almost worthless, but definitely not in a way this guy thinks it's happening). It's hilarious, in a way |
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I convinced one friend to start mining, and 3 to buy some bitcoins (and they in turn have convinced a few more). One is particularly resistant and thinks bitcoin is a pyramid scheme no matter what, so I'm giving up on him |
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"how can it be worth anything when there will only be like 20 million of them ever?"
that doesn't make much sense.... they're worth something if there are not many of them (or the demand is huge). |
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in the past 2 weeks, slush's pool has decreased dramatically, while deepbit is having a surge of users. any idea what's causing this?
slush's pool was temporarily down while he was on vacation (if i remember correctly) that's why people switched to deepbit. |
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because the difficulty increase made it unprofitable for those miners, so they stopped.
i don't think that's the case since bitcoin value also went up for ~40%. I think this is just a temporary drop and it'll be back to full speed shortly. |
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Why again is it a good idea to sell Bitcoins right now?
Alternative 1: I pay you $25 for 1 day's mining and get BTC 2.00 back. I let the BTC sit in my wallet until better days. Alternative 2: I buy BTC 4.50 for $25 on the market. I let the BTC sit in my wallet until better days. Now tell me: Which investment sounds more healthy / less risky to you? Cheers, this, excellent point. |
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I also printed out the private key and address for each wallet key on a sheet of paper, and hid the paper somewhere in my residence. Since bitcoin generates 100 keys in advance of use, if push comes to shove, I can get my coins back, even months from now, should some disaster befall my computer hard drive.
noob here - How do you find your private key and address for each wallet key? I was looking at the wallet.dat and it is binary? Also if you had to restore to a new computer from the print out how would you do that? afaik wallet.dat is in fact a berkeley db file. |
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I know that many of you wouldn't trust a company to store your wallet information in any shape or form.
If the wallet is encrypted, then the security of where it is stored is immaterial. You don't need to both encrypt it, and then store it in Fort Knox. I gpg encrypted my wallet with a password, and stuck a copy in the file area of a Yahoo Group I own. I also printed out the private key and address for each wallet key on a sheet of paper, and hid the paper somewhere in my residence. Since bitcoin generates 100 keys in advance of use, if push comes to shove, I can get my coins back, even months from now, should some disaster befall my computer hard drive. Beyond that, I'm not particularly worried about my bitcoins getting blackholed due to some unforseen circumstance. I doubt there is any market for extreme offsite wallet storage. So the encryption you use is 100% unbreakable? I thought all encryption could be broken, given enough time... Oh well then, if that's the case, you're probably right - there wouldn't be much market for this! almost every encryption is breakable, but if the expected time to break it is 10^6 years who cares |
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300 mh/s would net 2 btc/day ~ 11$/day. How is hoping for a 127% increase in value just to get even a "low risk investment"?
(or have I misunderstood you and you're actually selling gpus for 25$?)
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This was great, I really enjoyed it, thanks guys.
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context clues. inferencing. all of these abilities could help all of you answer my simple question. i'm done with this forum, idiots. i think i know my technology enough to figure out what i need more of to do better. its just asking if there is a mining client out there that is even more optimized for my particular sandy bridge i3. idiots who think laptops can be overclocked. people who think a broken desktop is actually working. wtf.
the best thing you can do is not mine with a cpu. That much was already said. |
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Also, a client which encrypts by default the wallet.dat file. Each time the client is launched, a password is asked to decrypt the file.
That way, an uncrypted version of the wallet.dat is *never* present on the filesystem.
this would be a logical step in that direction |
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diogenes, you still haven't told use how you would prevent someone from tampering with his own balance.
Your balance is stored in encrypted form on your computer-- only the transaction software has the key to decrypt it. Yeah, sure, but that key is in the software somewhere. Someone will surely be able to reverse engineer it, as they always do. |
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This is awesome, but seems a bit crude, too much work to get the actual coins out and way to thick to fit many in a wallet. How about bills like lottery tickets, when one has to scratch off the top layer? I imagine those would be cheaper to make also?
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diogenes, you still haven't told use how you would prevent someone from tampering with his own balance.
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