We already have "Report to Moderator" if someone is really out of line and stupidly posting personal attacks. If moderators do not do their job then it would be useless to attempt new rules.

Good discussion anyways.
T.

You need 4 alligator clips with some 12ga wires.. attach 2 to PSU out 12V and other ends to your nipples. On 3, hit switch. Magic Scrypt!

T.

I would try this but cannot seem to download from Mega correctly.. Their stupid ass system is screwed up. No reason whatsoever to have files like that.

GL.
T.

Problem with that is someone has to decide what is a personal attack. Reading hundreds of post's a day is hard enough but deciding what is bad/good would not be easy. Yes, many you can see obviously but no-one should have carte blanche to delete/ban posters except admins. Even then, it would be a near impossible task.

Still, I do understand the desire but I value Free Speech more than my delicate eyes. Allowing most anything is so much better than limiting anyone, even the assholes.

Be well.
T. 

^^^^^^^^^^^^^^^^^^^Yes this! Fixed for you

T.

I diss on it constantly, but I hang around so I can give you all hell for mining coin-of-the-day bullshit!

Ahh but in a pool is not mining directly is it. If the pool was mining LTC directly I doubt we would be going 30Hrs w/out finding a block. No way any miner is efficient switching coins constantly.

It's all cool, not my pool, I'm good with however Flound sets it. He's the reason I stay instead of going to a LTC only. He does what he say's he'll do.. that's huge compared to most.

Be well.
T.

Too much switching too much coin hopping, none become efficient or profitable.

LTC which has not been on mport for a long while.. Time Since Block Found 31 Hours 31 Minutes.. directly proportional to how much the "Pool" mines the coin specific. If you are constantly switching coins/pools/blocks there is no way to keep it profitable. I will be proven right watch.

T.

"/Rant: Unfortunately what is going on is what I feared would happen. With so many alts on the multiport now, it is switching coins so often none will be really profitable. The profitability is useless to look at IMO since by the time you get any and trade them, their value has dropped. I don't care except for the fact I joined pool to mine LTC and the multiport may never switch to LTC again with new alts popping up everyday.
 If you have coins and sell them at the moment profit is high then it may count but that's counting chickens before they hatch.  The PPLNS method from everything I've read says your efficiency doesn't get to max until you have been mining for at least 24 hours, so how can mining for a few minutes here and there on any coin do any good? /Rant"

GL all.
T.

Thanks David.. You helped me see it finally! and this is from someone that has been building pc's since 1986.. using DOS lol, I had not put a space inbetween the 2> and the file-name in the command-line.

I do appreciate, thanks again.
Be well.
T.

Sent.

I will if can. BTW.. in cgminer, how do you output to a file? I tried the 2>logfile.txt as in the README but it doesn't work. I've looked/read all over and it all says the same thing yet I cannot get it to work ever. Has anyone done this or are doing?

I'll try to Flound, will post asap.

T.

Something new has popped up.. I'm on the pool1.us server and I'm getting frequent rejects with a 'MYSql something' error and then it goes back to mining. Not huge but annoying to see any rejects.

T.

Well.. it must've just been a time 'til actual posting or something. Before when I posted it was off by .08xxx but it is now correct to the digits. No worries, it's all good.

Be well.
T.

It does same on LTC. Don't know why but it does and it usually causes several rejects due to when it reconnects the job is now different so "job xxx not current" etc.
I just accepted this as part of the pools "quirks" even though it shouldn't be happening. I'm confident Flound will figure it out one day that the multi should somehow?? be on its own and all the coins should be on solo ports themselves. Just my 2 Satoshis

Be well.
T.


P.S. Wakey wakey Flound, time to get up! We need you man. Good Morning West Coast!

7:13 AM (CST) stats hosed again. Miners working but LTC "My Stats" and pool stats down.

BTW Flound, just curious as to why Block payouts do not match to account payout? Block payouts total do not match my actual balance payout. For the last 16 blocks, I added up the individual (all confirmed) blocks pay together and my total confirmed balance is less than my blocks total.
It's not a big amount so really inconsequential but math is supposed to be accurate so..

Be well.
T.

Leave the markup. You should get paid too but convince them to accept BTC/LTC and leave price as is.. just have buttons to click that connect to exchange so they get their precious fiat.
(I'm trying to do just this with a few businesses. Not easy I know, so much 'xplainin' to do)

T.

Thanks but no. I have no use for a $18 water bottle or a $15 coffee cup.

Considering it takes about 5 days for me to make that in LTC.. just no thanks.


Be well.
T.

http://www.bbc.com/capital/story/20130702-should-you-invest-in-bitcoins

Bitcoin is a form of electronic money that is not controlled by a person or institution.

Bitcoin has leapt onto the global stage with a bang — and a crash. The digital money has already plunged from a high of $260 in April to today’s value of about $92
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Still, Bitcoins, used to purchase goods online or transfer money to other people, have steadily gained traction since they were invented in Japan in 2009. Germany has Bitcoin marketplaces where holders can exchange the currency. Designed to be a global currency, Bitcoin is also gaining popularity in countries like Argentina and Kenya, amid worries about local currency devaluation. Merchants, such as online dating site OkCupid, are slowly starting to accept the digital money for goods and services.

On Monday, Tyler and Cameron Winklevoss, known for their legal dispute with Facebook Inc’s Mark Zuckerberg over the origin of the social networking site, unveiled plans to offer shares of a Bitcoin trust — designed to operate like an exchange-traded fund — to the public. According to an initial public offering filing in the United States, the shares would allow investors to “gain exposure to Bitcoins with minimal credit risk.”

Despite the hoopla, Bitcoin is still a niche digital currency. It faces numerous challenges on the road to wide-spread acceptance, including volatile price spikes and daily volume surges that point to rampant speculation. Also hindering growth: even sophisticated financial thinkers have trouble understanding how it works.

So far, global adoption is still tiny. Less than 1% of the world’s population uses Bitcoin actively, according to estimates, though use is accelerating in the US and parts of Europe.

    Bitcoins are so volatile that owners must either spend them immediately, before they lose value, or hold them as investments.

The next 24 months will be crucial to whether the currency will survive and grow, say some experts. Though venture capitalists and technology start-ups are rushing to solve concerns around Bitcoin, any significant expansion is still uncertain given recent market fluctuations. Long-term investors may walk away if volatility continues. Much more likely, Bitcoin may become one digital currency among many others coming to market.

“Even if Bitcoin doesn’t survive, cypto-currencies will,” said California-based Andreas Antonopoulos, who advises organisations on emerging technologies and trends.   

Origins

Bitcoin is a form of electronic money that is not controlled by a person or institution. New units are mined by programs that crack complex mathematical problems and release new blocks of coins, though release is limited to only 21 million virtual coins. Only 25 Bitcoins every 10 minutes can be created to control inflation. There are currently about 11.3 million in circulation.

The limited supply makes them like digital gold, said Charles Hoskinson, founder of the Bitcoin Education Project. To buy Bitcoin, most people go to Japan-based Mt.Gox, which accepts 17 currencies. Fees are less than .60%.   

Ease of use depends on where you live. Adoption is ramping up with small merchants in the US, Canada and parts of Europe, say experts. New trading platforms like Russia-based Bitc-e.com, which also accepts other alternative currencies like Webcreds.com, are even popping up.

France recently launched its Bitcoin Central exchange, too.

“Europe is a bit ahead of the US,” said Jonathan Waller, who runs a Bitcoin meet-up in Tokyo.

Uphill climb

Despite this frenzied activity, Bitcoin faces an uphill climb. Its greatest strength — sitting outside the global financial system — is also a weakness. Few retailers accept the currency, though more, like the San Francisco-based social news site Reddit and even US-based blogging platform Wordpress, are accepting it. Rigorous control of new Bitcoin makes expanding usage beyond a cult currency difficult.

The biggest challenge might be volatility. As little as $3 million injected into Mt.Gox can spike prices, say experts. In April, Bitcoin plummeted $130 in a day, from a high of $260.

 This volatility is catnip for speculators, who seek to profit from sudden price fluctuations.

Bitcoin’s main problem is that value is based on whatever the next guy will pay, said Brian Riley, a senior research analyst at the Boston-based research and advisory firm CEB TowerGroup.  “This makes them a speculative currency,” he said.

“Speculators are making a mess of Bitcoin,” said Antonopoulos. When traders jump in and out of the currency, it adds to volume spikes.

There are currently 182 global currencies, said Riley.

“Why do we need another one?” he said.

Bitcoins are so volatile that owners must either spend them immediately, before they lose value, or hold them as investments. Turning cash into Bitcoins can take days. Many people rely on cumbersome in-person Bitcoin exchanges facilitated by Bitcoin web sites such as localBitcoins.com, where people meet and exchange currency.

For these reasons, investors and consumers should not put more than 5% of their money into the currency, added Waller.

 “Bitcoins are one big monetary experiment,” said Hoskinson.

Easing concerns

There is a chance that these Bitcoin choke points will be solved by an influx of new technology. In the US, a flurry of well-known venture capitalists such as New York City tech wizard Fred Wilson, an early investor in Tumblr and Foursquare, are spearheading Bitcoin startups. The aim: developing better e-wallets, payment systems and even automatic teller machines (ATMs), where you can exchange cash for Bitcoin.

Dozens of startups in California’s Silicon Valley are also attacking Bitcoin distribution problems, said Antonopoulos.

“Lots of venture capitalists are pouring money into Bitcoin without understanding them,” he added. 

History is rife with examples of early movers — Myspace is one — that ended up in technology graveyards due to stronger competitors, though. And currently, at least one dozen virtual currencies like litecoin and ripple are vying for a piece of the digital currency market.

These new currencies aren’t tough competitors, said Waller, though there’s still a real risk that Bitcoin won’t survive this onslaught.

Thanks Erk for replying with something that has nothing to do with what I am asking Flound. I have no interest in trying new coins but again thanks for letting us know whats posted on the front page of Multipool.

Be well.
T.

Flound,
Maybe you can stop adding new coins of the minute to the pool and just keep what works maintained. I do appreciate what you have done and do although I cannot understand the coin hopping so much. Seems to go against what the network is supposed to be doing but that's just my opinion (salt grain). Just because you can do something doesn't mean you should or have to.

I'm not sure yet what the whole time payout thing is vs previous PPLNS scheme but it seems like you are trying to get the payout equalized(fair?) for those that are coin hopping all day vs those that are dedicated to one coin mining? I would appreciate a little more explanation if you can please as to how this is better now?

Thanks!
T.