Really? In a whole year? I have a proposal for you...
I've got 10BTC says the network is at or above triple today's hashrate (712.08 Gh/s) at Bitcoin Watch, by April 27, 2012.
Bet?
No. This is still gambling, and I don't gamble  Trippling current hashrate would barely cover electricity cost where I live (and electricity is quite cheap over here), and at this point I think growth will stop. This is my reasoning. edit: I still think mining should be encouraged, as it makes bitcoin more secure. |
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But why? What's your reasoning?
Exactly the same reasoning as you, but I just can't see total power tripling in the next year. I hope I'm wrong though. In the other thread I even ran the trend assuming only 5% starting now (wholly unreasonable) and the guy who dropped $3000 + $151/month on his mining rig still wouldn't break even.
I agree, buying expensive hardware specifically for bitcoin mining is a bit ridiculous. |
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I seriously doubt difficulty will continue to rise at 10% every two weeks for the next year.
As for vladimir, I got the impression he's well educated and generally speaks a lot of sense.
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keep getting idle miner due to no work received error in phoenix.
was working fine the past few days... at aggression 10
try lowering your agression a bit. It helped me. |
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Thanks, you did a great work on this ! Can I copy your post to my site ? I'll keep your name there As long as I get credit for it. Also a link to the OCN thread at the end of where ever you post it would be nice. I love you for the guide.  But I need some help. My balance of BitCoins was around 0.8 when I went to sleep, leaving my PC on. When I woke up, it was at 0.2. What happened? you got your first paycheck? Yeah, but my account wasn't credited with anything, they just vanished. And would it be giving them to PayPal, even if I don't have it set up? uhm, this is beyond me, you'll have to consult tycho about that. Paypal was april fools joke as far as i know |
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Thanks, you did a great work on this ! Can I copy your post to my site ? I'll keep your name there As long as I get credit for it. Also a link to the OCN thread at the end of where ever you post it would be nice. I love you for the guide. But I need some help. My balance of BitCoins was around 0.8 when I went to sleep, leaving my PC on. When I woke up, it was at 0.2. What happened? you got your first paycheck? |
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Works great. I get pretty much the same hashrate as with phoenix, but the number of submitted shares is ~7% higher (or maybe the last 3 hours were just extremely lucky).
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WOOO WE HIT THE 200Ghash MARK! WOOO
Yep and since that happened .. 27.04.2011 15:09:58 2h 01m 343371 27.04.2011 13:08:43 1h 14m 210267 27.04.2011 11:54:21 1h 51m 309034 27.04.2011 10:03:08 1h 15m I'm going PPS please do. luck will go to -20%, i can assure you |
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So what does it mean when a transaction blip on the bitcoin monitor is explained by two smaller amounts in brackets? I thought it'd be quite obvious it indicated the transaction fee, but I'm obviously missing something...  There was/is no fee in those transactions. Several values in brackets means that it was sent to several different addresses (usually to desired destination and to a new address of the sender). |
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It does, in high volume situations.
I thought this wasn't yet implemented, but I may have been mistaken. |
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They've all got a transaction fee attached to them, so I'm guessing somebody is trying to flood the network with transactions that will be prioritised to slow it down for the rest of us...
EDIT: He's losing 0.03 for every transaction, and the last transaction was at about 40 BTC, so only 1333 transactions to go.
transaction fee does not have any affect on processing speed (yet). |
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I doubt those kids will be running their rigs for too long once daddy discovers that his electricity bill has increased by ~$100 a month or more.
There are plenty of places in the US where running a machine with a single 5870 at full tilt 24/7 will only cost you $20/month. Sure. I had a 5970 or 6990 in mind when I wrote that and I was taking into account the second watt problem that vlad mentioned. if 5870 costs 20$ than 5970 would cost 60$, but nowhere near 100. |
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vuce, do you have your machine configured in a certain way to handle 32bit applications?
no, nothing. Just clicked install and it worked like a dream. There was some openssl warning (i think) but it doesn't seem to affect anything. Could you check add remove programs in the control panel and see if you have Microsoft Visual C++ redistributable package installed, perhaps you have a newer one that's 64bit? If that's not the case then I'm stumped. (I've no idea with what I've got that many though ) |
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vuce, do you have your machine configured in a certain way to handle 32bit applications?
no, nothing. Just clicked install and it worked like a dream. There was some openssl warning (i think) but it doesn't seem to affect anything. |
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So the issue is either due to it being Windows 7 or it being 64bit.
works fine for me on 64 bit win 7... |
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does it compile on ARM? I would hope so. The only C-level runtime dependencies are Python and PySide. PySide has a supported ARM port. does it have some wallet & transaction handling?
can it encrypt wallet? No. It is a GUI, not a Wallet. (I want to use bitcoin wallet on pandora console) I would recommend running a 24/7 bitcoind at home (or perhaps use xf2.org's hosting service) and run Spesmilo on your Pandora to control it remotely. I'd love to try this but can't get to the win binary... Why not? ah nevermind. solved |
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I'm actually stevenbucks so you're in the clear. /solved
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I'd love to try this but can't get to the win binary...
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If you send some one the coins you have, when sending your address(private key) is also added to the coins.
private key(s) is not and should NEVER be sent to anyone. Address is a hashed public key. So private key & address are different? Where is private key stored & is there any way to see it? private keys are stored in the wallet only. Public keys are public (doh), everyone can see them. Address is shortened (hashed) public key, as public keys are really long. |
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If you send some one the coins you have, when sending your address(private key) is also added to the coins.
private key(s) is not and should NEVER be sent to anyone. Address is a hashed public key. |
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