I was having great luck the first several days... kept my machines updated with the latest SW as it came out and bagged 90 or so blocks. But that was back in the days of 7.x difficulties and the early 8's.... blocks became harder and harder to find, and after 48 hours of nada, i shut down my miners.

You're welcome everyone!

I wonder if block spacing continues to increase, if someone will find it worthwhile to create a pool... I'll come back to the fold if it becomes less luck based even if the payout is much smaller but more certain....

And all those warnings were on his profile? Wow, that's really trusting! Would you like to buy the brooklyn bridge? My uncle owned it and passed recently, so I should be getting the title any day now, I just need to send money to a prince in Nigeria to pay the processing fee.

At least it was only $30 and not $30,000, right?

i wouldnt do business with someone whose username looks like they mashed their fist on the keyboard. Doesnt inspire much confidence

One question - why the anger at me? I'm just telling people stuff to help them cover their own asses. Or would you rather people stay shut up about rules that exist that you don't like, so they can learn about things the hard way?

Of course I didn't have enough money to worry about that back in the 80's. But i was alive during them.

And whether you believe it or not, a big part of my job is actually dealing with banks on a daily basis. And one of my firms clients lost a LOT of money (lots more than most anyone here will ever deal with, I bet) from not doing a CTR. The bank should have notified him, but they didn't (oops) and when the IRS came knocking, after a couple year tussel, he had to turn half of it over to them. Not for doing anything wrong, mind you. The cash was fully 100% documented when it came out of the bank and when it was put back in. But the lack of the paperwork still bit him in the ass.

So. Yell and swear and call me names, but at the end of the day, I'm only try to let people know that there are laws on the books that could cause this sort of thing to harm them. If you think I'm doing them a disservice, well, I don't know what to tell you.

I agree... Sonny, I made a nice bit of coin from your creation and I certainly don't want any compensation from you. But if you post an address, I will be happy to send you some, gratis. 

followed the instructions a few times, and kept having issues with the password (ppcoind would report password as being wrong even when i copied and pasted the same one into it and ppcoin-qt). Finally took out all the special characters and now ppcoin-qt reports wallet is unlocked for minting purposes.

I set a very low reserve balance for the time being. But the QT client reports all my coins as being part of my "Balance", with none of them a part of my "Stake". How do I get it so that PPCoin-QT moves my ordinary balance to being a part of my stake balance instead?

Currency Transaction Reports still exist. They were augmented by the addition of Suspicious Activity Reports.

Currency Transaction Reports are for when a customer transacts in over $10,000 of currency.

Suspicious activity reports can be filed at any time, for any amount, and is what gets filed when a customer is suspected of trying to avoid having a CTR filed, among other things.

heres the CTR from 2003, now its become an e-filing apparently.

http://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_017.htm

people gave to make two conversions to buy a 69 cent track?

take a gamble, just price each in primecoin and bitcoin.... 0.01 btc or whatever that translates to in prime coins...  you have no costs that need to be denominated in dollars, make it easy for us to send you our bitcoins or prime coins! I'm definetly not opening an excel workbook to figure out XPM to BTC to BTC to USD just to buy a song i don't know if i'd like... but i'll send a token amount of BTC or XPM in order to support the economy and an artist!

You're saying that Currency Transaction Reports are what? A recent tool the government concocted to attack bitcoin?

Does Wikipedia count as research or would you prefer I pull up the actual legislation? Seriously don't get the aggression here. All I can say is try using Google before launching attacks.

From Wikipedia, the date of mandatory Currency Transactuon Reports is October 26. 1986. :
When the first version of the CTR was introduced, the only way a suspicious transaction less than $10,000 was reported to the government was if a bank teller called law enforcement. This was primarily due to the financial industry's concern about the right to financial privacy. On October 26, 1986, with the passage of the Money Laundering Control Act, the right to financial privacy was no longer an issue. As part of the Act, Congress had stated that a financial institution could not be held liable for releasing suspicious transactional information to law enforcement. As a result, the next version of the CTR had a suspicious transaction check box at the top. This was in effect until April 1996 when the Suspicious Activity Report (SAR) was introduced.

They're not "now" in place, those laws are from the 80's at least. Not a recent development.  There's certain incentives for bitcoin, yes, but there's reality that its going to be a long time, if ever, that you can avoid the need fir banking services. Food. Rent utilities. Getting paid. Sorry, were all stuck with banks for a while.

I like that. A user posted yesterday or the day before about 190 btc being stolen from their wallet. Kapoof. Gone someone breaks into your bank account, its inconvienent, but at the end of the day, you won't lose much, and you'll likely see someone prosecuted. You lose $15-$20k in btc?

"Wow that sucks dude. Why weren't you using a offline wallet?"

If soneone familiar with bitcoin can lose thar muxh, imagine what would happen once less savvy people start usung it? Irreversible e currencies fail just as much as our current system, just I'm different ways.

Many pages back, someone mentioned that people were mining this with raspberry pi's.... I just wanted to take my hat off and thank someone for that valuable tip... After collecting dust for months, I'm now churning out around 6 to 8 pps on each pi.

:p

Pulling the plug on those...

A) An individual account, if you're an ordinary person, isn't too important to them. In aggregate, they are, yes, but any single account, not so much.... much easier just to have a form letter go out and be done with it.

B) The bank is operating under the assumption that whatever activity that's going on in the account is activity that the account owner needs to do. So they'll say "well, when we opened the account, he was just a regular depositor like all the others, but now he's doing all these international wires and shifting money all over the place, we don't like that". They don't look at transactions as being optional (they'll never say "would you please stop depositing money into your account?" or "if you wouldn't mind, please stop making withdrawals" (second part, actually, they will for savings accounts and money market accounts; those account types are limited to 6 withdrawals or less per month otherwise they convert to checking accounts. Not like there's any difference in this day and age of 0% interest rates, but when that changes, there MIGHT become more of a difference between checking and savings)

Why would I make it up?

Yes, Walmart and Burger King likely fill out a currency transaction report everyday. There's nothing illegal or wrong about it so theyed have no problems doing so. It's a simple form. I knew a Guy who owned a used car lot, and he had a pile of them, routinely filled them out whenever someone bought a car and paid cash. And the penalties, again, are pretty still for not doing so...

Banks have to report daily cash transactions of over $10,000 or transactions that they believe are broken up in order to stay below that threshold (structuring). If you're depositing at a branch, they'll tell you. And if you decline the transaction, they'll then report that. But if you're not even at the branch, if people all a ross the country are making small deposits, even if they don't aggregate $10'000 in a single day, but rather over a week or a month, the banks software will certainly notice this's e generate a report. But you need to, too,otherwise thats where penalties can kick In. And you had better make certain that your tax return matches up with the deposits that are hitting your account. (Ie, your account takes in $50,000 in cash deposits, your tax return had better show more than W-2 work.

http://en.wikipedia.org/wiki/Currency_transaction_report
http://www.bankersonline.com/security/sar/ctrsars_08.html
http://www.fincen.gov/whatsnew/pdf/CTRPamphletBW.pdf
http://www.occ.gov/news-issuances/bulletins/2003/OCC2003-48a.pdf (a 2003 version of the form)

It's best just to let this guy run transaction through his own businesses account. If he's asking users to escrow their coins with him, then he should have customers deposit cash to his account and then transfer your cash back to you from his account.

Really he should do that anyways. All it takes is one dishonest person on this forum deciding to keepa large deposit and there goes his business and reputation.

I really don't know where I stand... I've been mining from the get-go almost. Went 17 hrs before I saw anything, and have gone many spurts of 10-12 hrs without. But I'm now at 6 computers on it currently (had 8-10 at some points) and have earned pribably 1200 coins so far. I assume that's par for the course, generally? Some being higher, some being lower, obviously?

Cgminer works fine with my jalapeño on bitminter

The issue arises when using cgminer to miner any other SHA crypto currency. I thought the 570 pages of relies in this cgminer thread meant people were discussing how to use it for various tasks? . Seems like its a cgminer issue since it launches with no problem when mining one thing yet complains it can't even find a USB device if I change what pool it's aimed at?

This is bad news. Sorry guys. 

You need to fill out paperwork whenever you make daily cash deposits of $10,000 or over, and whether you do or don't, the bank will report to the govt whenever they get $10'000 deposited in cash in a day, or if in a series of transactions over the course of longer than a day. The penalties for not complying are incredibly stiff, can be forfeiture of 50% of the funds. So an account holder whose taking in random cash deposits from all across the country every day, not reporting any of it, they'll feel rich for a time, then they'll get walloped.

The the OP:  too many potential customers is a great problem to have. If you can't borrow funds or obtain investment capital, tighten up your belt and save more money so that it can. Because what you're asking for will land people in hot water, no matter the promise of spectacular returns. You can't structure a business around running all your money through people's individual accounts. Sorry there's so much money left on the table, but we all see the gap between btce and mtgox, no surprise there.

Best solution is to cultivate trust. Have the cash get deposited to your account, then buy btc from us.

If this takes off and people start getting daily deposits of the amount you describe, not moly will their accounts be quickly shuttered and maybe frozen, but you'll end up with many angry customers demanding why they're not getting the bitcoins promised because the "arbitrager" couldn't make good after having their account frozen

Moreover, say customer deposits money int person x's account,person x buys btc and sends to you, and you don't fulfill (send them to customer), when person x asks who they can sue, the lawyer will respond "we'll, who received the money? Oh? Joe Schmoe from bitcointalk? Lets serve papers."

Or, more logically, your customer deposits to jimbobs account. Jimbob keeps the money. Says he had no clue who bitcoin brokers is and assumes his aunt Cindy deposited the money". What then?

I do like hen people come up with business ideas, but this one has so many holes the only way you can't see them is if your rose colored glasses have fogged up completely...

If you just mention "bitcoin" or "e currencies" or other abstract terms like that, most bankers won't have s clue what you're talking about and will just say yes. Explain lots of wires in and out, that more accurately describes what the bank will be dealing with.

I do deal with banks a LOT as part of my 9-5

I'd guess what freaked them out is your account was a personal account with ordinary "personal" type activity in it; all of a sudden a large-ish wire hit your account, possibly from overseas (ie mt gox, btc-e), and then they saw the money zip back out to another source (I'd guess btce). Do that a few more times (sell bitcoins on gox, transfer proceeds to you bank, transfer dollars to btce, buy bitcoins, transfer to gox, sell, transfer to your bank) and they're just seeing a lot of money moving around from basically unknown sources, etc. it'll send up lots of red flags. And unless you're a big customer, they don't like red flags. I almost guess their communication to you didn't mention bitcoin.

My only guess, is next time form a business, even a sole proprietorship, and explain what you'll be doing when you open the account. Don't necessarily need to mention bitcoins, just something like overseas securities trading, just so the bank is aware of the funds movements you account will likely see.

Question:

I'm running a BFL Jalapeno; it's connected to a Centos-KVM session running Ubuntu. When i mine with CGMiner pointed towards Bitminters servers, it runs like a champ, though about 10% slower than it did when it was running on a Mac Mini. But bitminter's java app on the mac kept crashing every couple of days, so i'd rather give it a try this way, lose 10% of the performance (5 GH rather than 5.5 GH) but hopefully not come home and see a frozen java app sitting on my screen.

Now, my question is this: it runs fine when pointed at bitminter and generating bitcoins. When I attempt to point it at coinotron's servers in order to miner ppcoins, I just get stuck at the opening screen, saying it can't find any hotplug USB devices. But the same exact command, pointed towards bitminter finds the Jalapeno just fine and starts mining away.

Anyone have a clue as to that? Can a Jalapeno be used to mine other SHA coins if I use another miner besides cgminer? Or is it trully that specific that it'll only mine bitcoin's version of SHA (which i thought was more or less the same on all the other SHA coins?

Ummmm, just a year ago, didn't we support the egyptians in overthrowing their dictator who we supported up until then? And when they had free elections we called that a win for democracy. And they elected a representative of the Muslim Brotherhood. Of course now the military has deposed them, but basically, right up to the deposal, we supported and encouraged them every step of the way..

My question in regards to the coin is this: it appears no different at all than Litecoin? Did they just take the litecoin sources and change the name? Or are there any new twists on the cryptocoin concept that have been introduced as well? Just curious?