What's really ironic is that it's not even other people's money. Its really just money the central banks decided to create out of thin air and lend to the Greek government.
One might argue that since creating money from thin air reduces the worth of every current holder's money; that it absolutely is other people's money that they are giving to Greece. A money supply increase of 3% will not create any noticeable inflation, especially those money are created to paying the debt. US FED has printed 400% money since financial crisis and the inflation is still very light. People need to save, those saving action absorbed all the newly produced money Actually, the debt that Greece have today, has been spent long time ago. So the loss of the wealth has already happened, you can only punish Greece AFTERWARD, the reason they ran into this problem is simple: Their government loaned and anticipated they will earn more in the future, but they actually earned less in the future so that they are not able to payback the loan Then, it will natually come to such a debate: How much extra loan you should get, in case you anticipate the future income will rise? The anticipation and its accuracy is the key. If you anticipate that your income will increase by 100% next year, then even your loan is 100% of this year's income, it is trivial. And, each one's income increase next year will depend on how much loan the others can get and spend: No loans, no income increase So, we could say like this: It is Greek's loan and spending raised Germany and France's income, now it is time for Germany and France to spend big and buy Greece products and raise their income in return |
|
|
|
|
Now I have fixed a problematic pci-e extender, my 5970 can run 800/300 at stock V under 55c (open case temp 5c) for 40% fan, but I only push it to 97%-98%
|
|
|
|
Care to provide some more details with how you applied pressure. I tried it on a fan which was already "noisy"/failing and just ended up breaking it.
Running 5970 24/7/365 isn't "normal" wear and tear so ever fan will eventually need to be re-oiled and/or replaced.
Which part did you break? At first I took the fan down, using the method from the video: 3 screw drivers from each corner. But that did not work, the red triangle plastic base on the fan bended a lot, almost reached a point of danger, so I remounted fan firmly on the cooler, and raise out side of the wheel (close to the end of the cooler) using a 5mm diameter screw driver shaft, and push the inside of the wheel from the back of the cooler through that long opening, slowly increase pressure, not very easy, but it will eventually pop out. I guess if you push too hard too quick, the spool will get destroyed, so it is best to push through all of those holes on the cooler at the same time, maybe 5 small fingers or something like that will work |
|
|
|
. . . damn you. i just tried it on mine, and the spool part snapped off.  Sorry to hear that, maybe there is a safer method. There are lots of openings on the cooler under the fan, I guess it should be easier to push the fan through all those openings at the same time using same pressure, thus the spool will not get hurt |
|
|
|
After seeing the video, I decided to do it myself. It seems the most easy way to pop up the fan is to keep the fan screwed on the cooler, raise the outer side of fan wheel with screw drivers and push the other side of the fan wheel from the back of the cooler (through the long opening on the cooler base), you can apply enough power with this method without worrying about damage the fan, it will pop out with a "click" sound (first make sure it is a brush-less fan) As seen from the fan wheel part, the root of the axis are thinner than the axis, under normal operation this part is locked by the black plastic bearing well on the hub, apply force will push the axis out through that plastic bearing well. The metal axis bearing in the hub is totally sealed, oil can be contained inside for a long time, the only possible leakage is from the black plastic bearing well, which will certainly get lose every time you pop out the fan wheel. So I added some mineral oil inside the metal axis bearing house and put some bearing grease on the root of the axis, hoping that the grease will seal the black plastic bearing well In principle, such a construction will almost never need re-oil, unless the fan is always running at high speed in hot weather, thus the oil vaporized  |
|
|
|
What is alarming of Greece's debt is its proportion to their GDP. Of course Greece produces stuff and "impresses" others, but it is not enough in proportion to what they owe. Money can be created out of thin air as long as there are reasonable enough goods and services produced (moderate inflation), but if too much money is created without its equivalent production of goods and services you can either default on the loans or absorb this money in the economy creating hyperinflation.
Actually I have never bought the idea that more money will cause inflation, especially in developed countries (A millionare get 1 more million, would he push all the price of living material up? very unlikely) Same for Greece: Greece GDP is only a couple of procent of whole EU economy, even issue them a loan as big as their GDP, the money supply for EU will barely increase by a couple of procent. Comparing with what FED has done after financial crisis (print 400%+ more money), this can almost be ignored And for debt mathematics: If this year your debt is 1 million, and your production is 1 million, then debt rate is 100% of GDP, seems quite risky. But what if next year your income increased to 4 million, then from next years perspective, your loan is only 25% of the GDP, totally acceptable. So the key point here is to increase the income for next year. How to increase the income is the quesion, and income have very close relation to the loan that others can get and spend, so it's a chicken and egg problem again |
|
|
|
True, but you can easily have a currency union without political union. For example, many countries use the US dollar or peg to the US dollar.
Greece could stay in the Eurozone, but the Greek government could default on its debt repayments. Of course, no-one would lend any more money to the Greek government. The government would immediately have to start spending within its means, and is that a bad thing? The debt of the Greek government is so bad that if they default, it would completely colapse, all services suddenly cutoff probably leading to dangerous anarchy if not outright revolution. So yes, now it would be a bad thing. The EU should not have allowed Greece to be so heavily indebted but they could not force them, because it is a political issue. The greek government "decided" on that. But this crisis isn't about that. This crisis is about finding ways to keep Europe chugging along without exposing the folly of exponentially-increasing government debt.
Also true. Even the U.S. is at risk of this "contagion". I'm still confused by the fact that in a day that money can be freely created out of thin air, such debt will still make so much pain... Imagine 2 cases: Case 1: ECB just printed several trillions of euro and lend it to greece for 50 years, then greece will have plenty of cashes to spend: They hire all the leading construction companies to rebuild their country and buy what ever high tech/luxury things made in France/Germany to decorate their home Case 2: Greece suddenly find out an area rich of petroleum near their sea shore, it worth several trillions of euro, and ECB have to print several trillions of euro to trade these petroleum(otherwise the deflation will destroy europe). Then, Greece hire all the leading construction companies to rebuild their country and buy what ever high tech/luxury things made in France/Germany to decorate their home Comparing these 2 cases, in the first one, Greece produced nothing, in the second one, Greece also produced nothing, but they find something others want. Most of people will accept case 2 but not case 1 Why? I guess down to the basic, it is about fairness or justice: If Greece can get free money and spend, why France and Germany can not? If anyone can just print money and do not need to work, then there will be no one making the real products, people will soon find out the money have nothing to purchase, then the monetary system will collapse But strangely, if Greece happened find lot's of petroleum, then no one will argue about it when they get same trillions of euro from ECB, although they still do not work, but now they have something that others want See? As long as you can provide something that others want, you will be fine. It seems this is the common sense when people are looking at economy related phenomenon, it also means: If you can not impress others with your products/services, you will have trouble So I think, the real problem of Greece now is that they can not provide something that impress others Why do people need to impress others with their products/services? I remember there is a chinese saying: In society, everyone is a beggar, the big beggar make big money and the small beggar make small money Is there any other better way? |
|
|
|
I'm interested in AMDOverdriveCtrl you talked about,
I downloaded the package and find out that it is a GUI software,
I wonder if it can be used remotely to control clock/voltage?
AMdOverdriveCtrl can't change anything that cgminer can't. cgminer already gives you remote access to clock/voltage/fan/inensity/etc.  Straight from my script: 14) An OC option: This is no longer needed since cgminer 2.* includes OC, however: I use AMDoverdriveCtrl for 2 reason: 1. I want cgminer to focus on the mining without caring about the GPU management, it will be much easy to trouble shooting when something went wrong 2. The fan speed control of AMDoverdriveCtrl is more convenient to use. In cgminer, the fan speed keeps shooting up and down, lagging the real change in GPU temperature Actually I did build cgminer once without ADL_SDK, but then I'm not able to see the GPU info, especially when doing ssh into the machine. So the function of monitoring the GPU is still very useful |
|
|
|
The plummeting hashrate is partially caused by what I consider a bug I noticed recently. When a pool lags, cgminer sets the clocks back to 157 Mhz. When the pool comes back or cgminer switches to a backup pool, it slowly ramps up the speed from the minimum configured. I see no need for that behavior. It takes a few minutes before its mining back at full speed for no real reason.
Same here, I use AMDOverdriveCtrl to handle each graphic card, and when there is no load due to lag of pool, the card automatically drop clocks to 157Mhz, I think it is a feature of ATI powerplay on card, has nothing to do with cgminer/AMDoverdriveCtrl. But when load is re-applied to the card, AMDOverdriveCtrl immediately shows the clock returned to 900Mhz, but cgminer's hash rate will only slowly climb back to original hashrate in about 10 minutes But I take it as a feature Smoothly increase the load on card will improve the stability when there is a sudden change in the clock frequency |
|
|
|
|
I'm getting this error in the log together with a restart, is it normal?
XIO: fatal IO error 11 (Resource temporarily unavailable) on X server ":0" after 31076 requests (31076 known processed) with 0 events remaining.
|
|
|
|
|
Unfortunately even at stock clock and voltage, I still get some crash recently when running cgminer (never had issues when running phoenix miner), so a stable miner is also critical
It's also time to look at VRM cooling. I have some very efficient heat pad came with water blocks for GTX295 years ago, they could reduce the VRM temp by at least 10 degrees. As I understand, the VRM location on 5970 card are very weak, maybe a heatsink on the back of the plate will help
|
|
|
|
It has to do with a country's government ability to loan money and spend it without its corresponding taxation. Greece outspent itself knowing it would be bailed out by the rest of EU. Germany and the other countries know this and refuse to have to extend a hand to a country who keeps on sustaining a huge lazy bureaucracy and absurd subsidies, so they force the Greek government to cut down, and of course the already lazy and freeloading population protests. Unfortunately there is no way to fix this because the Greek economy is already tied down to the EU so there is no "foreign" investment that can counterbalance the severe austerity measures imposed.
The "contagion effect" so much feared here is that all European countries are actually doing what Greece is doing to varying degrees, even Germany.
You cannot have economic union without its corresponding political union.
Just like in a big family, usually the hard working brother end up paying the debt for his playboy brother, there's no fairness. If those Europe countries want to combine to a big union, some countries are destined to sacrifice something, and although some other countries consume more than they produce, they still think that they are treated unfairly  Fairness or justice is just a feeling, each person/country have different personality/culture/climate/value, money is not a good benchmark to measure the fairness, it just forced everyone to accept same value, which in turn become slaves of money |
|
|
|
What is the best/preferred way to do log rotation with cgminer? I'm finding the logs pretty big and would like to manage them automatically. I'm starting with "cgminer 2>>/var/log/cgminer.log" I was just adding a logrotate config based off the rsyslog one and what I noticed is that cgminer doesn't open a new log file after the current one is archived. Is there a way to force that thru a postrotate script? eg. /etc/logrotate.d/cgminer /var/log/cgminer.log
{
rotate 7
daily
missingok
notifempty
delaycompress
compress
postrotate
#add something here
endscript
}
Just tested, add "copytruncate" in the configuration file, so the old log file will only get truncated and keep growing |
|
|
|
It's almost impossible to replace a centralized system without a war  |
|
|
|
|
My 5970 never runs stable above 750MHz at stock voltage, now I even back to stock frequency of 725Mhz, the longest run is about 2 months, always below 65C
|
|
|
|
What is the best/preferred way to do log rotation with cgminer? I'm finding the logs pretty big and would like to manage them automatically. I'm starting with "cgminer 2>>/var/log/cgminer.log" I was just adding a logrotate config based off the rsyslog one and what I noticed is that cgminer doesn't open a new log file after the current one is archived. Is there a way to force that thru a postrotate script? eg. /etc/logrotate.d/cgminer /var/log/cgminer.log
{
rotate 7
daily
missingok
notifempty
delaycompress
compress
postrotate
#add something here
endscript
}
I have the same concern, maybe just make a new one (create) after archiving it |
|
|
|
|
This is about valueation, and valueation is different for different entities
Case 1:
In an island with only 2 people, A capture 1 fish and B pickup 1 basket of fruits every day, and they both can not do the other's work, they will be happily exchange their daily products equally, it means the value of 1 fish equal to 1 basket of fruits
Case 2:
A capture 1 fish while B pick up 2 baskets of fruits every day, then the value of 1 fish will equal to 2 baskets of fruits, since fishes are difficult to get and fruits are easy to pick
But in real world, history price are critical, it means, if Case 1 happens before Case 2, then after B picked up 2 baskets of fruits, he will still be able to exchange 1 fish with 1 basket of fruits, and keep the rest 1 basket of fruits
This is more or less what happened in EU: Germany increased their productivity by 100%, but still keep the price of their products the same, while Greece still keep the original productivity. It means: Greece have to use 1 day's labor to exchange 1/2 days's labor from Germany. Given the same amount of loan, Greece worker have to work 10 hours to payback the loan, but Germany worker only need to work 5 hours
Somebody might ask: Why don't Greece also increase their productivity? In my opinion, they have the right to live a low productivity life, the person who give them a loan which is much higher than their productivity is the one to blame
|
|
|
|
|
Same example but only allow saving:
First year, A and B trade foods: A made fish pie and B made apple pie. Second year, A will create boats and B will create new cottages, so they have to save enough food for second year's consumption so that they do not need to worry about food production in second year
In such a case, A and B must find a buyer (in this case the bank) who are willing to purchase and store their food until next year. And if the bank knows these food is going to store for one year, they will lower the purchase price, since they have to take risk
After A and B sold those extra food and accumulated some saving, their second year's spending will be limited to their saving, suppose all those food worth 100 shells, then their spending can never be larger than those 100 shells next year. Actually those 100 shells were used to buy back their saved food for supporting their daily life, anything they created newly like boats and cottages will still need extra money to be able to trade. If loan is not allowed, then banks will have to create money and purchase A and B's products, and sell them to each other to get the money back, just acting as a merchant
So, saving in fact have the same effect as loaning, new money still needs to be created from somewhere - the bank
|
|
|
|
|
Stay stock voltage without too much overclock are important IMO
With stock voltage and decent overclock, machine can run several weeks without interrupt, but if it crashes from time to time because of the stability issues caused by high temp or high frequency, then the time spent trouble shooting and fixing things will easily cost you many BTCs
|
|
|
|
Are you suggesting that A and B must borrow again to pay interests ? If THEY are not borrowing, then interests cannot be repaid without money coming from elsewhere.
Take an extreme example, in the first year, A and B took loan to trade foods: A made fish pie and B made apple pie. The next year, A will create boats and B will create new cottages, they need to take much larger loan to facilitate the trading of those high-valued products. Then, their interest payment from the first year can be ignored comparing with their loan from the second year, they will gladly payback their interest without even think about it In other words, if the bank does not organize a shortage of money, then all of a sudden we can think about another way of making decisions for our future..
As shown in the example above, it is not the bank organized the shortage of money, it is the productivity and consumption increase caused the shortage of money Of course it is an interesting thought that if we could just keep the economy scale constant and never make any new improvement, then we do not need to produce new money (In case the number of people stay unchanged). But I doubt it, since most of the people never spend everything they earned, they always want to save some of their income, and that saving action will dry out the liquidity eventually |
|
|
|
|
Show Posts
