 Show Posts
|
|
Pages: « 1 2 3 [4] 5 6 »
|
|
Sounds great, genuinely excited, have you got particular locations for running hosted solutions, like will you be running some one cloud providers like Amazon or will you be purely in house?
I'd love to put some time in to make a PHP client library if I can get the time for it, obviously might be quite difficult until you guys have full documentation down.
|
|
|
|
If not is there an alternative to be used that can keep up with an expanding web service?"
An alternative that can really take the heat of a web service is the BOP Enterprise Bitcoin Server. You can run several instances of it and send requests to them through a load balancing message bus. See the example repository https://github.com/bitsofproof/bop-explorer that shows a simple REST API forwarding to the bus. The server code is in https://github.com/bitsofproof/supernodeBits of Proof will launch its offer in two days in San Jose, dramatically reducing the pain of integrating with the Bitcoin protocol. Interesting so, I can run the server myself or is this a service being sold so I'd have to pay per request for example? Secondly, is there much in the way of documentation for the REST API? I'm assuming you don't have any other examples or libraries that aren't Java? |
|
|
|
The OP is completely right. Buying GPUs is far too risky now for the vast majority of miners hoping to break even, let alone profit.
All economy is risk, if money was a sure thing we'd all be raking it in, OP makes assumptions and the ASIC market isn't really proven, there's so many uncertainties as the like of BFL haven't got many of their units out so far and people are still gambling on them being stable units, part of me things when it comes to BFL they are serious issues in the stability due to overheating of their products hence the case changes for the smaller models let alone their higher end products. |
|
|
|
|
I had this going on for ages, it always seems like a hardware fault but I found some important things an d it's mainly to do with overheating of the cards,
1) make sure your cards have memory underclocked, I didn't do it at first at it never worked out, constantly caused reboot not even BSODs or Kernel Panics, just plain restarts, did it and got it stable and then accidently forgot about the setting and I started getting the same reset problems.
2) really couldn't state how poor Windows can be for OpenCL, which is what graphic miners use, maybe try a linux distro, namely Xubuntu 12.04 if your going for the dedicated mining rig.
|
|
|
|
Right now it is a wash to mine LTC instead of BTC, but historically, LTC has been ~30% more profitable to mine than BTC. I don't have a crystal ball to see if this trend will continue or not, but LTC has treated me very well in the past.
The main problem with your argument it the fact that it relies on so many assumptions. If anyone of your many assumptions are wrong, your entire conclusion is wrong.
1.) The price of BTC/LTC could go up or down. Assuming a fixed price is guaranteed to be wrong. I doubt many folks would have thought that the price of BTC would have increased by 10x in the past year, but it did, and kept GPU miners in the game. The price of LTC also increased dramatically over the past year, which was great for GPU miners.
2.) BTC happens to have the largest market cap at the moment because it was the first coin to implement a great idea and is the most well known. LTC, or some other alt coin could surpass BTC in the future. Suppose a large retailer, like Amazon.com, decided to support LTC before BTC because of faster transaction times. What do you think would happen to the value of BTC/LTC then? I am almost positive that adding LTC to Mt. Gox will increase the value and awareness of LTC, which should push the price up. Also, some other alt coin that doesn't even exist yet could come out and surpass both BTC and LTC. The future is unclear, crytocoins are in their infancy, and mining is a risky business.
My crystal ball is foggy, and the future is unknown, so I'll continue mine as many coins as possible (and diversify between coins) until it becomes unprofitable to do so. GPU miners can easily switch between coins to mine whatever is the most profitable at a given time. Also, I like mining because it provides a nice hedge against a price collapse and is a good way to continually acquire coins gradually over time. If I buy BTC directly, and the value crashes, I'm pretty much out of luck. Hardware can be resold following a crash to minimize a loss.
Well just news coverage alone is great I swear during the "bitcoin boom" the BBC here in the UK did an article per week which helped drive value up, Bitcoin is very volatile so can swing either way quickly, I think the lack of easy to get ASIC Miners ( price and availability being a difficult balance) will drive up prices again pretty soon as more dependancies run on the currency. |
|
|
|
You got a quote for how much you typically cost? |
|
|
|
You don't mention what "service" you intend on providing, so it's hard to say. Generally it's not advisable to use bitcoind directly as your sole accounting system because there is no synchronous replication of metadata and internal transactions (e.g. "move"s).
Ideally it's just to read data about transactions and get address balances but it needs each account to potentially be read once per hour. |
|
|
|
Hey all, I created a question here: http://bitcoin.stackexchange.com/questions/10878/is-bitcoind-reliable-when-depending-on-it-for-web-serviceswas wandering as there are a lot of technical minded people with bitcoin knowledge and knowledge of bitcoind and it's application in web services could answer it for me as I want to start work on a small project but my worry is scalability later on in running a service. Here's the question: "What I mean by the title is, say If I create a service with bitcoind being used to create and store large numbers of accounts and address, is it likely to take the strain? Can I setup multiple instances of bitcoind to access information about the network or would I need to one large instance of a bitcoin daemon to handle everything? If not is there an alternative to be used that can keep up with an expanding web service?" Please feel free to discuss here but if you have an experienced answer to give I'd hope you'd answer the question for me on stack exchange and so it's filed away easily for others to find. |
|
|
|
|
This is probably true at the same time, people without electricity costs it's still somewhat worth while even if you can resell the card or you genuinely want a new card, depends if you buy first hand kit for a GPU mining rig then your not to smart as second hand gives you a lot better chances.
ASIC is going to be weird as sure they're the next step but once they become obsolete it's going to be pretty useless, at least graphics and FPGA had some use afterwards and therefore resell value.
|
|
|
|
Sample of my latest design, obviously logos are designed in a more minimal style...
nice, reminds me of hydro74 Wow the designs do have have a similar style, his are more detailed too. My work is usually more colourful however as I am going to print these it was more economical to make them one colour (black) with lots on contrast. Is Hydro74 just one guy or a group, his work seems to be popular which is perhaps a good sign for my designs to  . Sorry OP this is a little offtopic.  My suggestions,..
Remove the strokes
Change the type to a typical san-serif font
Remove the warp on the type
Remove the background/border (Transparent instead)
Let me know if you would like me to redesign your logo, I have created lots of Bitcoin designs for clients over the last few months. Naturally I accept Bitcoin payments too.
Sample of my latest design, obviously logos are designed in a more minimal style...
(IMAGE)
Not very logos if you ask me, yeah artistic and all but not logos, I look at them and have no idea what they are, lol True, here is a recent Bitcoin logo/coin style I designed.  Better, but still a bit to artsy, like it's monotone and flat, which works sometimes but it's bitcoin... on a side note, who the hell wants condoms with bitcoins on them? lol |
|
|
|
My suggestions,.. Remove the strokes Change the type to a typical san-serif font Remove the warp on the type Remove the background/border (Transparent instead) Let me know if you would like me to redesign your logo, I have created lots of Bitcoin designs for clients over the last few months. Naturally I accept Bitcoin payments too. Sample of my latest design, obviously logos are designed in a more minimal style...  Not very logos if you ask me, yeah artistic and all but not logos, I look at them and have no idea what they are, lol |
|
|
|
Sorry MTGox Rate then add between 2 and 5 pounds for fees.
That make sense?
so 2 to 5 pounds extra, per coin? |
|
|
|
Hi! I designed a new logo for my site, so tell me what you think. I also gave the site a cool new theme. Check it out at www.rainingbitcoin.tkhmmm, honestly, i'm not much of a graphic designer but it's pretty awful, looks like something put together using's word's clipart library Thanks for the honesty. What about the NEW, new logo? Any better? Better in design, but the colour scheme is still a bit odd |
|
|
|
I am using cgminer for litecoin mining so Mh/s in bitcoin is Kh/s for litecoin. Its the same thing necessarily.
So now with that in mind, is the performance still bad?
Cheers, that makes sense, I only do bitcoin myself. Well, if your comparing to whats on here https://en.bitcoin.it/wiki/Mining_hardware_comparison#AMD_.28ATI.29 then your on the low end of the spectrum, but depends how far you want to go, is it a dedicated rig? if so get it going with linunx rather than windows, do you care about fan noise and possible wear over time of the graphics card, if not then overclock the thing. |
|
|
|
Hi! I designed a new logo for my site, so tell me what you think. I also gave the site a cool new theme. Check it out at www.rainingbitcoin.tkhmmm, honestly, i'm not much of a graphic designer but it's pretty awful, looks like something put together using's word's clipart library |
|
|
|
|
looks kind of bad, unless this is a weird thing in CGminer, it should say Mh/s which would be about right, but it doesn't it says Kh/s which would mean your card is doing 100x less than expect, but maybe this is just me, otherwise, no hardware faults and the temperture is well below the recommended, you could probably push it a bit further with some good overclocking, also are you currently underclocking your GPU's memory at all?
|
|
|
|
Sure, BFL probably are mining with the things but the moment they do the difficulty rises and no one else is making money anymore so most people would leave the currency for other options, it's quite simple.
Why would you do that? Why not bring units 'online' as and when the difficulty increase is caused by other players in the market (e.g. Avalon)? Because they'd then either need to a) build units when needed, not efficient to do because electronics are cheaper when bought in further bulk, plus it took time to design the chips, you want to ultimately reduce that cost by using said design as much as possible b) build loads of units and then sit on them until needed, but that's risky, you'd either run the risk that the face of bitcoin changes making your units useless or someone better comes along with a more efficient unit and yours ultimately won't make as much. The whole point with the bitcoin network so far is you'll always have a top dog, either a company or a pool or an individual even who will have a leash on them being held by the rest of the network, you have to keep pace with that, either you go to fast and the network is gone or you go to slow and someone else becomes the top dog. |
|
|
|
|
yeah, sadly, I don't know if you think your clever being the 'first' to think of this... if you searched the forums or bitcoin.stackexchange.com you'd know the rough answer already.
The bitcoin network requires that there can't be a majority share to one person or the network is compromised... the point being, if the trust of the network is gone so why would anyone else want any bitcoins? and what's the point of a virtual currency that only one person can get hold of because no one else would be able to mine?
Sure, BFL probably are mining with the things but the moment they do the difficulty rises and no one else is making money anymore so most people would leave the currency for other options, it's quite simple.
|
|
|
|
Is there any good guides that explain how to get started with mining for total newbies?
Thanks
Antony
if your looking for just mining as in setting up a dedicated rig, this is what I used, https://docs.google.com/document/d/1Gw7YPYgMgNNU42skibULbJJUx_suP_CpjSEdSi8_z9U/preview?sle=trueAs for bitcoins in general, I couldn't really say, being in the UK I just went and joined the only UK based pool that I could find which was btcmine.com and kind of felt my way around from there, my honest opinion is start small, don't expect anything major right away, there's always bigger players than you so just do it for a hobby |
|
|
|
Bitcoin cards,  I've created cards in two denominations 1 BTC i 0.10 BTC. Cards are provided with a scratch, under which you can find the private key. (generated offline in Armory) There's also a QR code that leads us to the blockchain public adress page in order to check the address balance. (about technical details you may read here : [ENG] http://4bit.cz/index.php?id_cms=6&controller=cms&id_lang=1) real photos: http://pokazywarka.pl/6xn0fh/Price: 0.045 BTC + cards denominationWorldwide shipping price included (registered mail) Ex: one 1BTC card costs 1.045 How transaction should be run : 1. You place the order through PM, e-mail kontakt[at]4bit.cz . 2. In your order provide the recipient's address, please - to make it as fast as possible. 3. I send BTC to the card you orderded, pack it and send it right to you. In shipping confirmation you will receive tracking code. This system will help connect all the cards and transactions with me - as I run lawful business and am accountable for it. This will also help solve the returns and complaints. Any questions should appear, I am at your service pretty cool concept, not sure if I could ever find it useful but still a pretty cool concept |
|
|
|
|
