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61  Bitcoin / Bitcoin Discussion / Re: Attention! This address is stealing BTC now! on: June 30, 2011, 12:29:35 AM
OP, how strong was your password on the zipped wallet that was on DropBox? How many chars, and what kind of mixture of lower case, upper case, numbers, punctuation, etc, did it contain?

And what format was the zipped file in? WinRAR?

I hate when people make these posts and make you ask every little detail in order to try to help them figure out what may have happened. It's like pulling teeth. Just fucking give us all the info instead of making us ask for every little thing. Don't make assumptions like "I'm 99% sure that XYZ happened" and then think that posting additional details is no longer of any use. You are of course free to make your assumptions about what might have happened, but at least post all the necessary info that is required to come to that conclusion. If you leave things out like the info I asked above, you leave the possibility in everyone's mind that your zipped & password protected file might actually have been impossible to brute force. And then the community still has no idea what happened in your case and we are no closer to figuring out how people are getting hacked, and your entire thread was a waste of everyone's time. That also leaves open the possibility that all the "I was hacked" threads are troll or FUD threads.

Sorry, OP, this is not meant to single you out. This is a common theme in all the "My BTC was stolen due to hack" threads.
62  Economy / Marketplace / Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company on: June 28, 2011, 03:21:22 PM
What is the max # of rigs you will be able to support in current facilities?
63  Bitcoin / Mining / Re: Javascript/WebCL miner pillory on: June 28, 2011, 02:18:25 PM
but still doesn't give them any choice in the matter.
why should they? they announce it the users and that's enough. On sites with usual ads you are also not given the choice to turn them off. that's what adblock is for.

http://www.guiabitcoin.com/  <-- spanish blog, they use the JSMiner without telling the user




They should because they are using the user's electricity. They are taking money out of the website viewer's pocket every second that the user is on the site. A lot of less computer savvy users will not realize that this is what is happening, and therefore this is an unethical practice.
64  Bitcoin / Mining / Re: Cut 25% off your electric bill- save on your mining rig costs on: June 28, 2011, 02:03:04 PM

I did this switch a couple of years ago and ended up paying almost exactly the same amount as before. The de-regulated company i purchase the energy "supply" from charges less, but my Utility company is still the one delivering it -- and they charge a "delivery" fee which brings my total electricity bill back up to the original amount (once you factor in flat fees, taxes, surcharges, etc).

It's a really stupid system. I hate corporations.

I was actually going to ask this question in a new thread, but maybe you can answer it:

I live in Texas, and am with Gexa Energy (I hate them), my bill has both 9.6 cents per KWh and 10.9 cents per KWh listed on it (either one is fine with me), but since I started mining I've been paying close attention to it, and it has a TDU charge of $100 for the past month where I was mining.  WTF is this, does anyone know?

Looks like it means "Transfer and Distribution Utility" (http://www.texaspoweronline.com/learn/invoice/)

I'm guessing that means something similar to the charges that I described earlier ("supply" fees from one company, and "delivery" fees from the local utility company).
65  Bitcoin / Mining / Re: SSH to Computer Behind Home Router on: June 28, 2011, 08:40:07 AM
With dyndns, you will be able to access only one of your computer. If you want to access the others you can do this :

Let's say you have 2 computers behind your router. Computer A and B.
You forward port 22 to computer A and you can SSH to computer A from outside.
When you are on computer A, you can access any computer on your LAN with another SSH.

Couldn't you also put SSH onto a different port on Computer B, and forward that port as well in the router? Then you could access both directly from outside?
66  Bitcoin / Bitcoin Discussion / Re: Watching amateur finance types flail on: June 28, 2011, 08:23:26 AM
I tend to agree.

That's not the real problem, though. The real problem is that almost nobody is actually using Bitcoins as a currency. The speculators are playing a zero-sum game, and there's little motivation for anyone to use Bitcoins in a payment system. In fact, the volatility from speculation is a dis-incentive for merchants to accept Bitcoins.

BTC is like any speculative asset:  Its only zero-sum if it goes back to zero.  If it stays high its considered wealth creation, not zero-sum.

I agree with you that merchants are at a disadvantage.  That's why its obvious that bitcoin, a floating currency, will probably remain as a speculative value storage and transfer system more akin to gold and silver.  Also plainly clear that merchant activity is not the economic activity supporting the price of bitcoin,  but the exploding volume of trading which occurs on the exchanges.

Maybe it will also succeed along the lines of a conventional currency or micropayments system, maybe not.  But a lack of merchants says little about the health of the economy.  The growth in volume of trading on the exchanges does.

How does trading volume translate into health of the bitcoin economy? If that trading volume is based on speculation and not trade, isn't it liable to collapse at any moment? This is not a rhetorical question, I am really asking because I don't understand the statement.
67  Bitcoin / Bitcoin Discussion / Re: Retail Over the Counter Trading illegal in the free USA from 15 July 2011 on: June 28, 2011, 08:09:52 AM
The law is simply preventing the "leveraged" purchase and sale of precious metals.

So you have a leveraged position by owning Citibank & Walmart stock options - both denominated in USD, you have a USD denominated bond leveraged because you only have a monthly downpayment based on the interest rate that may be hiked to protect a flailing USD.  But you can not leverage your hedge against a flailing USD?  It leaves you as average USD citizen pretty helpless in your current USD leveraged exposed position.

All leveraged trading on XAU/USD, XAG/USD, XAU/JPY or XAG/JPY is now criminalized for retail customer US citizens.

You're right.  All leveraged trading should be outlawed, period.  That's why we're in this economic mess we're in.

No, we're in this economic mess because it's reliant on a central organization in the first place, that can be hedged against.

In addition, the fact you believe man isn't entitled to trade his property as he pleases, disturbs me.

Isn't leveraged trading by definition trading of someone else's property that you have borrowed? Sure, we could say that banks and hedge funds may trade on leverage, and if they fail then so be it, they will pay the price. But I don't think it's that black and white when a failure by those entities can put most of the world into an economic recession.

For the record I think any institution that fails should be left to fail, because without that there is no incentive for institutions to act prudently. No bank is too big to fail, and no bank is so important that if it fails the country goes to shit. If banks exist that meet those criteria today, they should be dismantled immediately as threats to national security. BEFORE they fail again. They will fail again, because the same basic rules that caused them to fail before are still in place.
68  Bitcoin / Mining / Re: WEBSITE OWNERS: NEW BROWSER MINER! HAVE YOUR WEBSITE GENERATE BITCOINS FOR YOU! on: June 24, 2011, 09:11:24 PM
This is an idiotic idea. It is unethical to use the compute power of a website's viewer's without their knowledge. That sysadmin guy in Australia got nabbed for putting this type of software on their servers, having their website's viewers mine bitcoins.

People who use this type of software in this way attract the wrong kind of attention towards Bitcoin. They are the scum of the internet, and by association Bitcoin's reputation is tainted.

In theory there could be ethical uses for web browser based mining, but I don't see why anyone would want to use it. If they had access to a computer on which they had permission to mine, most likely they could just install a non-browser miner on it. Running it on a website and mining on people's browsers without their knowledge is just as bad as botnets mining on unsuspecting peoples' PC's. Unethical use would also include logging into a site with browser based miner at a public place like a library, or computer lab, with the intention of mining bitcoins at the expense of the person operating the lab (without their permission).


69  Bitcoin / Bitcoin Discussion / Re: Watching amateur finance types flail on: June 24, 2011, 08:03:55 PM
Nagle, everything you've mentioned has already been discussed ad nauseum on this forum. None of your obvservations are anything new. I'm trying to figure out the point of you posting this. Was there one, or did you have something new to contribute that you perhaps forgot to mention?
70  Bitcoin / Bitcoin Discussion / Re: Should we learn hacking too? on: June 24, 2011, 04:37:11 PM
I am not interested in personally "hacking" anything. But I am interested in learning about how to do it in theory, just so I know what to protect myself from. Even though I try to follow security best practices as much as possible I get the sense that there is more I could be doing to protect myself. It also just seems like an interesting thing to know a little bit about.
71  Bitcoin / Bitcoin Discussion / Re: What would it take for you to buy a plane ticket and go to Tokyo? on: June 24, 2011, 04:29:48 PM
What exactly is the OP trying to do?
72  Economy / Service Announcements / Re: New, simple online wallet: www.instawallet.org - no signup required on: June 24, 2011, 04:27:51 PM
Am I missing something?

Code:
https://www.instawallet.org/w/tnwghY1sfQip3ia64mR2Jj

Sure it's HTTPS which encrypts the payload, but anyone can get access to the URL. Then, if I understand the implementation, the attacker (neighbor) can drain the entire account, no?

Correct.
73  Economy / Economics / Re: Is Bitcoin placebo-money? on: June 24, 2011, 06:50:01 AM
Would it be enough if a big enough number of people believe Bitcoins are worth X amount of USD, or just believing in the price isn't enough to sustain it? What about the future if enough people believe Bitcoins are gonna be worth at least X more USD in six months, just by having enough people like that using and talking about Bitcoins would the price go in that direction or more than that would be necessary?

You just described the mechanism by which all currencies get their value. According to your definition of "placebo money", the US Dollar, Japanese Yen, China Yuan, Euro, etc, are all placebo money.
74  Bitcoin / Bitcoin Discussion / Re: MTGox: Not previous pre-hack price, do it at current price on: June 24, 2011, 06:44:56 AM
Also, while I haven't closely monitored the situation, I haven't yet seen MtGox perfectly line up with Tradehill whenever I checked both at the same time (which isn't often, because I think Tradehill has ridiculous fees and it seemed like a pita to get money there)

pita?

Btw, I was talking about this announcement:

Quote
Huge Bitcoin sell off due to a compromised account - rollback
 
The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).

One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to buy those again just after, and then tried to withdraw the coins. The $1000/day withdraw limit was active for this account and the hacker could only get out with $1000 worth of coins.

Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again.

This price will be artificial tomorrow when the market opens.
Anyway, I don't see many solutions anyway.

The price is set by ask and bid. How can the exchange declare an artificial price. The only bad thing they could do along those lines would be to rollback the order queue back to the state it was in right before the hack/crash. Then you'd still have orders from last week where people were trying to buy and sell around ~17.5. It would suck for them to do that, but I don't think they are. I think I read other people mention that they are clearing the orders queue before going back online.
75  Economy / Service Announcements / Re: New, simple online wallet: www.instawallet.org - no signup required on: June 24, 2011, 06:37:48 AM
PSA guys, technically this isn't any more secure than encrypting your own wallet. If a hacker/malware were on your system and found the "secret" link in your browser bookmarks or saved somewhere on your system, the hacker could just use that URL to transfer the funds to their own wallet.

Yeah, it's one more thing for the writers of malware to have to search for the secret link, but it's not out of question. Look at all the hacks and stuff that have come up. WHere there are security holes these hackers will find a way to get in and steal stuff. It didn't take them long at all to make the malware to steal wallet.dat. The level of effort it would take to adapt that malware to also search for this secret URL is trivial.

Or am I missing something?
76  Bitcoin / Mining / Re: Mining investment on: June 24, 2011, 02:26:46 AM
Its fairly obvious to see where bitcoin is going.  Those that spent tens of thousands of dollars will be able to mine for the longest while remaining profitable.  The smaller you are the quicker you stop mining and sell off your hardware.  This summer will see a majority of people stop mining because its unprofitable.  Difficulty will not go down with these people leaving, to think that is a pipe dream.  Mining will be concentrated among those who spent the most.  The price of a bitcoin will rise and fall and will remain extremely volatile.  And this is with no catastrophic events occurring.  This is the optimists view of bitcoin.

I understand what you are getting at, but I disagree. Just because you have a larger operation doesn't mean you will mine for longer. Given the equivalent hardware, once BTC earned from mining becomes equal to the electricity costs of mining, the guy with 10x more machines just loses 10x more money as the guy with 1x machine. The people who will last the longest are those with the lowest electricity costs. Efficiency of hardware will play a small factor (but not that large since there isn't a lot of variance in power efficiency). The bigger factor will the $/kwh paid for electricity. Basically one's geographic location will for the most part determine how long he/she can continue mining and still make a profit.

There will be a few people who get "free" electricity because they run their systems at work, in a dorm or whatever, but I think they will be outweighed by the tons of people who drop out of mining because their electricity costs make it unprofitable. Europeans I think will be the first to drop off, then big city dwellers in the US. Difficulty may dip for a while but it will eventually start growing again, at a slower rate, as some people jump back in, and those with cheaper electricity scale out with the new-found breathing room.


77  Other / CPU/GPU Bitcoin mining hardware / Re: Have anyone tried mining with HP Servers DL380 G5 on: June 23, 2011, 08:55:30 PM
Please don't mine using someone else's equipment, facilities, and electricity.
78  Bitcoin / Mining / Re: Cut 25% off your electric bill- save on your mining rig costs on: June 23, 2011, 08:53:51 PM
If you're lucky enough to live in an area with deregulated electric providers, you definitely should take a look at switching to someone's who's cheaper considering the electric costs of running a bunch of rigs. I'm in Philadelphia, which recently deregulated. I just switched from the default provider PECO to the cheapest provider I could find, Ambit Energy. My base price per kWh dropped from 10.78 cents to 8.4 cents and eliminated the surcharges PECO charged about 500 kWh/month, which will save me 25%+ a month when you throw in taxes and PECO specific surcharges. I really encourage you to take a look at Ambit or any other deregulated provider. Ambit serves Pennsylvania, Texas, Illinois, New York and Maryland- not sure if their rates are as competitive elsewhere, but definitely worth a look.

I don't work for Ambit energy, but I am a customer and do get travel rewards if enough people sign up under my account. So, shameless plug, if you do decide to go with Ambit, please sign up through my link:

www.A2780879.joinambit.com



I did this switch a couple of years ago and ended up paying almost exactly the same amount as before. The de-regulated company i purchase the energy "supply" from charges less, but my Utility company is still the one delivering it -- and they charge a "delivery" fee which brings my total electricity bill back up to the original amount (once you factor in flat fees, taxes, surcharges, etc).

It's a really stupid system. I hate corporations.
79  Bitcoin / Bitcoin Discussion / Re: Mailchimp is unfriendly to bitcoin on: June 23, 2011, 06:29:36 PM
Were you trying to spam people?
80  Economy / Trading Discussion / Re: About Mt. Gox flaw from a security expert on: June 23, 2011, 06:02:10 PM
Hey guys -- just checking in. Has the undisputed winner of this thread been declared yet?
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