That's only 260 ATI 5830's, or just ~$30,000 worth of mining rigs  |
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It surprises me how the so called 'Business Insider' can get something so simple...so wrong.
Kinda makes you wonder what else the media is getting wrong.... (That was sarcastic)
Perhaps you're right, Yankee, but look what I found that I won't have found otherwise if this tid-bit about Satoshi wasn't there: http://www.businessinsider.com/if-this-guy-has-his-way-youll-only-need-100-to-invest-in-startups-2012-1The link within that article led me here: http://wefunder.com/petitionForget about the petition aspect for a second. This idea has wings, albeit I believe it's been tried before with Bitcoin. But by teaming up with Tom Merello, it'll be like Kivastarter on Rails. ~Bruno~ Hmmm... I still need about $270,000 for my business idea  (I keep putting off posting my business plan on here) |
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This is unrelated to the topic, but how did the OP post as an "Anonymous" Guest?
Because they are Legion  The user was Atlas and he requested deletion of his account if i recall that right. I'm pretty sure he was permabanned with a vengeance :/ Really? I thought he was a mod here? What happened - I love a bit of drama :O He was posting some stuff, mods didn't like it, so they put him on a temporary ban, he created alts to circumvent the ban, the mods really didn't like that, so they banned him harder, then he tried to bribe mods by offering them money to make them unban him, and the mods REALLY didn't like that and got him totally banned. |
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A lot of "was" in there  |
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But from how mining currently works, miners don't seem to value network security nearly as high as they value reduced variance, so I remain sceptical in how well it will kick of. But it's certainly a great inovation that should be encouraged.
That's one example of Satoshi's genius ideas. People involved with Bitcoin only need to be interested in themselves. Miners, being normal (rational) people, only care about making money, not about securing the network. Just securing the network would be charity work. But, by only caring about themselves, the end up securing the network in the process as well. Just fyi, my system currently ca do about 550Mhash on average. Not a huge mining farm, but not a weak system either. I would guess about average that someone who wanted to have dedicated mining going without splurging too much would have. With my system and the current difficulty, I will get one block every 6 months to a year (most likely every year). There's NO WAY I am willing to spend $50 a month with the hope of getting paid a year down the road, with the risk of the difficulty perpetually going up, and my chances perpetually dwindling to 0. That is basically what was happening in June; you have a chance of one block in a month, two weeks later you have a chance of one block in 2 months, 2 weeks later it's one block in 4 months, and so on, with the goal constantly moving away. That's why I am using pooled mining, and why I suspect everyone else does too: a single hash is worth a specific amount now, and may be almost worthless by comparison just a few weeks from now. |
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This is unrelated to the topic, but how did the OP post as an "Anonymous" Guest?
Because they are Legion The user was Atlas and he requested deletion of his account if i recall that right. I'm pretty sure he was permabanned with a vengeance :/ |
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You don't have good reading comprehension.
That is unnecessary. |
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We have proverb in x-USSR after WWII (doubt a lot of people follow it now) "We,Russians, don't abandon our people"
I though this was funny ironic anecdote, not proverb? We Russians abandoned a lot of people, and then just honored them as fallen heroes, because it is easier (or because we decided they were traitors). As for Bitcoin, it is idea, not just a open source program. If Gavin quits, or whole development team disappears, someone else will step up. The only dispute is how quickly the team we do have can work, make new feature, and fix bug, if one member keeps bringing everyone else down. TL;DR Luke does not seem to be a good comrade. |
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I loved guiminer, and was annoyed I had to switch to cgminer, too. Until I tried it. Turns out cgminer is WAY better. With the auto-overclocking, temperature monitoring, and auto fan control it has, I'm getting about 50MHash more than I did with guiminer, and my system never locks up any more, whereas guiminer with manual overclocking caused it to lock up a few times a week.
I doubt i'll see a boost that high but i'll make some time to try it out. Call me lucky, but I've NEVER had a crash/lock up while mining. Afterburner auto-sets my OC and fan control. Guess i'll just have to deal with/remember not to close the command prompt windows in the taskbar if i switch. I wish i could minimize them to an icon in the tray. That's the only reason i really use guiminer. More specifically, I had a 25Mhash boost per card. I have two of them. Overclocking beyond 900Mhz would cause my system to lock up, and pushing 900 was barely stable, to. With cgminer I use -I 9 --auto-fan --auto-gpu --gpu-engine 750-950 --gpu-memclock 300 and it keeps it at 950 without problems. I used to use Sapphire Trixx to overclock mine. Cg does it within the program. It then displays all the GPU stats (temp, fan rpm, hash speed) within the window for you. |
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As well, guiminer is quite stable with my OC and doesn't require any extra resources. Is the switch to cgminer just to use p2pool needed?
I loved guiminer, and was annoyed I had to switch to cgminer, too. Until I tried it. Turns out cgminer is WAY better. With the auto-overclocking, temperature monitoring, and auto fan control it has, I'm getting about 50MHash more than I did with guiminer, and my system never locks up any more, whereas guiminer with manual overclocking caused it to lock up a few times a week. |
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p2pool is really easy to set up, but the instructions aren't always clear. Because of this I wrote a script that automates the installation of p2pool and cgminer. Bitcoin must be already installed. http://u.forre.st/u/axuzbykp/p2pool%20Automator%20v0.52.zipIt walks users through the installation process in a quick, precise manner. It includes the ability to configure the p2pool mining address, add additional cgminer flags, and generates an easily modified .bat file which launches both p2pool and cgminer. -Ranvier I run my cgminer with the following options: -I 9 --auto-fan --auto-gpu --gpu-engine 750-950 --gpu-memclock 300
Would this be GPU specific? (I'm on ATI 5830) I'm a bit worried people using the default P2Pool/cgminer config may get turned away after seeing their hash rate not be as high as their old customized miners. |
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I think the first suggested plan (weekly assessment of approval) is preferable. It sets a simple precedent for future upgrades, and IMHO approval voting works very well. It has a means of rejection, which the March 1st plan lacks. It also relieves the developers from having to balance urgency with testing time, by giving that job to the community instead.
+1 Also agree with Luke on the 20% thing. I think that both BIPs should be open until either one is accepted, or something else comes along and beats them both. Keep plugging those bugs in the mean time |
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I mad a typo. I meant "Craftsman NOW manufactures a lot of their tools in China," not "Craftsman NOT manufactures a lot of their tools in China"
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I've never had any problems with my:
iPod Touch
iPod Nano (various generations)
Macbook Pro unibody
Macbook Air (sold for the Macbook Pro)
iPad 2
All made in China.
As I said a few posts above, only assembled in China. Most of the things you mentioned are made around the world, with china providing assembly only. https://bitcointalk.org/index.php?topic=59882.msg713133#msg713133 |
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What I have found to be poor quality from China are tools. I have bought a number of cheap screwdrivers and had them fall apart within a day of use. Compare that to a Craftsman brand that has lasted most of my lifetime. I bet there are very good brands of Chinese made tools, but you need to watch out for the cheap stuff. In many ways I would call them fake tools because they are not hardened properly (or at all!).
According to Wiki and some web searches, Craftsman now manufactures a lot of their tools in China as well. I guess it's not the country, but the company, after all. |
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Speaking as a poorly informed layman, it could be that the choice is not too important. In many cases, one expert will get become irate with another expert over a pretty trivial matter. Then the controversy will escalate, potentially developing into lifelong hatred.
Coming from cunicula... is this considered irony? I am civil in conversation with men of quality. However, given the company one typically keeps in the forums, to not be nasty and abusive would reflect poorly on me. If you're as smart as you say you are, your thoughts, ideas, and logic should speak for itself. Your insults suggest you are either trying to cover up your own idiocy by loudly proclaiming eryone ELSE to be the idiot, or they make you seem like you are abusing the weaker guy who may simply not have as much education or experience as you yet. Either one only makes you sound like a loudmouthed douche who is to be ignored. |
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I have no axe to grind about any pool. If I'm going to use a pool it will be one that charges a fee and provides good service and has a business model that provides for longevity. Being anti-deepbit just because they are successful isn't productive. But folks are free to choose to do so.
Yeah, um, I think you WAY overreacted with your "crusade against socialism" here, thinking this discussion had anything to do with socialism. We're (mostly) all free-market capitalists here. Leaving Deepbit is a pro-capitalist decision, and staying with Deebit is comparative to sticking with Kodak film cameras, just because you and others always have. |
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Speaking as a poorly informed layman, it could be that the choice is not too important. In many cases, one expert will get become irate with another expert over a pretty trivial matter. Then the controversy will escalate, potentially developing into lifelong hatred.
Coming from cunicula... is this considered irony? |
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Big boobies scary!!! |
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