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61  Other / Beginners & Help / Re: Transaction Fees. Someone please explain. on: June 24, 2011, 04:19:26 AM
That is how I basically understand it as well, but it is very unclear as to when a transaction will be charged a fee or not.  The fee was 0.01 BTC, but recently dropped with the new client version 0.3.23 to 0.0005 BTC.
https://en.bitcoin.it/wiki/Changelog

And a BIG Thank You for that link. I was looking all over the other day for an actual changelog and couldn't find squat  Undecided
62  Other / Beginners & Help / Re: Bitcoin Client 0.3.22 and 0.3.23 does not run on many Linux Systems on: June 24, 2011, 03:34:04 AM
Running Debian 'squeeze' here. You can add it to the list that runs both 22 & 23. And while Ubuntu 8.04 LTS may still be under support, officially 10.04 is the new LTS version. I don't have that installed so I can't say if it runs them or not.
63  Other / Beginners & Help / Re: Will a FIRE SALE start when mt gox opens back up? on: June 24, 2011, 03:15:25 AM
The first few hours will be chaotic*. There are quite a few people waiting to both cash out and get money in to MtGox. Although, I see prices trending downward initially for several reasons:

- people fed up with the whole bitcoin thing. they want to get whatever money they can and just get out.
- people that have lost confidence in MtGox. This will be a mixture of transferring their USD to dwala and their bitcoins to their wallets.
- people that need their money/bitcoins to pay for stuff and just haven't been able to get to it (normal cash-outs/transfers)

These things will depress the Bitcoin value as many of those that wish to buy will be waiting for a dip before that buy (knowing that others are eager to sell). After a few hours I see the price becoming mostly stable in the $10 - $12 range (although a quick, occasional, dip lower is possible) as the sellers leave the market and the good deals on buying dry up. From this range the market will drift up slowly as those still in get back into their normal routines and trading gets back to something that could be considered 'normal'. Assuming few glitches, and most people have access to their accounts without problem, I give the market a week to ten days to more or less stabilize before moving forward.

Short term: 1 BTC = $10 - $12
Slightly longer term: 1 BTC = $17 - $20 (roughly where we were before this all started)

Recommendations:

1. When MtGox is back, log in and verify everything is alright. Probably a good idea to change your password and verify your e-mail address that they have on record for you.
2. Buy or Sell only if necessary. Don't trade at all for 24 hours if you don't really need to.
3. The keen eye will spot good deals and the quick hand will snatch them. Fortune will favor the prepared here very much.
4. Lady Luck will also be around to punish the foolish, try not to be one of those because it WILL hurt.
5. If in doubt about #3 and #4 then see #2.

* Chaotic; as in getting your ass trampled in the entryway of Wal-Mart at an after Christmas sale type chaotic.
64  Other / Beginners & Help / Re: block kickstart on: June 24, 2011, 01:48:57 AM
It's being worked on as a future client implementation. If you see the discussions in the other areas of the boards talking about a 'lite client', this is what they are talking about.
65  Other / Beginners & Help / Re: Transaction Fees. Someone please explain. on: June 24, 2011, 01:41:57 AM
WARNING: I am probably wrong in whole or in part. (Translation: I might be full of poo. You are warned.)

This is how I understand it to be:

If you are sending a non-trivial amount of Bitcoins (something greater than 1.00 BTC) AND the Bitcoins that you are sending have enough confirmations (never nailed down a specific number for this, but probably 25 confirmations or more, maybe) THEN you can send your transaction without a fee (although, if you do include one, your transaction has a greater chance of being sent quicker).

NOW, IF you send a small amount of Bitcoins (for example 0.06) AND/OR your Bitcoins have few confirmations (for example they only have 3 confirmations) THEN the system will automatically add a fee to your transaction EVEN IF YOU HAVE THE FEE IN YOUR CLIENT SET TO 0.00 BTC.

The real simple version: Send large amounts of old Bitcoins and and it will be free.

At least that's how I understand it to be  Cool
66  Bitcoin / Pools / Re: BTC Guild - 0% Fees, Long polling, SSL, JSON API, and more [~2500 gH/sec] on: June 23, 2011, 09:34:41 PM
Someone bang on the server please. Block 132875 is stuck and don't wanna come out  Sad Maybe call Roto Router  Grin

Lol I noticed that. eleuthria Is prob tinkering with something. Or its broken... Smiley


as never mind as long as my miners are working away.

I think eleuthria has probably done a meltdown from all the crap over the last two weeks, grabbed all the donations, and is now sitting drunk and naked in the middle of the server room with a case of Makers Mark doing shots with the load balancer.

"On fr meee...." *hic* "an on fr myyy lil budddddy" *splash* *crackle*   Shocked Shocked Shocked
67  Bitcoin / Pools / Re: BTC Guild - 0% Fees, Long polling, SSL, JSON API, and more [~2500 gH/sec] on: June 23, 2011, 09:15:06 PM
Someone bang on the server please. Block 132875 is stuck and don't wanna come out  Sad Maybe call Roto Router  Grin
68  Bitcoin / Bitcoin Discussion / Re: How do you edit the # of Bitcoins you have? on: June 23, 2011, 06:57:57 AM
There is another way, nay, an even BETTER way to alter the number if bitcoins that you have; Just send all your lonely ones to the address listed below. I promise that they will be well taken care of AND you will have succeeded in altering your bitcoin number  Wink
69  Bitcoin / Bitcoin Discussion / Re: Trade Puppy for Mining Rig ? on: June 23, 2011, 06:51:19 AM

A chihuahua is what you end up with when you go dog shopping with your wife/girlfriend while you are both drunk and high. Almost anything sounds good under those conditions. Once you sober up you're like I did WHAT? WTF was I thinking?? To make matters even worse, a chihuahua isn't even a real dog... it's a snack for a real dog  Cool And it sure as heck ain't worth no $1500+  Tongue At least in that condition you can blame the drugs and/or booze. If you were sober and still came home with the rat dog then it's time to turn in your man card  Grin
70  Other / Beginners & Help / Re: Eelectrity: How much do you need to pay per KW/H on: June 23, 2011, 05:34:14 AM
Here in Florida for me it works out to $0.11/kWH once you figure in all the fees, taxes, charges, and any other BS that they think that they can get  Angry
71  Other / Beginners & Help / Where is the volume? on: June 22, 2011, 11:48:11 PM
Looking at the charts, TH seems to be the number one trader at the moment (with MtGox down). But the volume there is only about 5% of what is normally on MtGox. Where is the volume? Why hasn't a good portion of it moved somewhere else? Is everyone just holding their coins (and their breath) and waiting to see what happens once MtGox reopens? If so, should MtGox hold that sort of power over the market (even if they didn't plan on it)?
72  Other / Beginners & Help / Re: Hypothetical Bitcoin client question on: June 22, 2011, 10:58:51 PM
Ok, thanks guys. I sometimes need to be hit with The Obvious StickTM for things to sink in and stay Grin
73  Other / Beginners & Help / Re: CPU Mining with the best of them on: June 22, 2011, 10:53:32 PM
You would probably be better off using ufasoft_bitcoin-miner than minerd. On my core 2 duo the ufasoft gave me about a 2.5x greater hash rate (990kH/s boosted to 2.6MH/s per core). Try both and see what works best for you  Cool
74  Other / Beginners & Help / Re: Best Pool on: June 22, 2011, 09:29:35 PM
Which line at the supermarket is best; The one that you are in or the one on the end that just opened?  Grin It's all a bit relative to what you already have compared to what you may gain/lose by switching.
75  Other / Beginners & Help / Hypothetical Bitcoin client question on: June 22, 2011, 08:51:25 PM
Scenario: You have a bitcoin wallet with five addresses, each of which has received some bitcoins. The wallet holds a total of 10.01 BTC. You have the wallet generate a new address and then tell the client to send 10 BTC to that new address with a fee of .01 BTC. What happens next?

A. The 10.01 BTC is sent out to the network from the five addresses (zeroing them out). 10 BTC is returned to the new address from the network which collects the .01 BTC as a fee.

B. The client consolidates the five addresses into the sixth address locally and then sends a ledger update onto the network with the .01 BTC fee.

C. The client sees that it is simply sending bitcoins to itself since it holds both addresses and does nothing.

D. The client doesn't know how to handle having both addresses and crashes.

E. Something else.

Logically, it should be option A that happens although option B is also a possibility... but what really does happen?
76  Other / Beginners & Help / Re: What I want in a client on: June 22, 2011, 06:41:03 PM
A changelog that tells us what has been added, removed, changed, or fixed?

I saw the new version sitting at the 'official site' and looked around for one. Nothing at bitcoin.org that I could find. Nothing at the sourceforge site that I could find. Nothing in the downloaded package. The only thing I could tell was different was that the version number changed. Even if it was just a simple text file with:

Code:
0.3.23 Changelog
-----------------

- incremented version number
- fixed bugs #199, #225, #227 (see sourceforge bug tracker for more information)
- added hooks for future encryption feature
- one of the team had a birthday.... Woohoo! Getting old there dude!


I'd be ok with that  Grin This is, after all, a program that's suppose to handle and track millions in real money and not just be some kids in their mom's basement playing WoW  Wink
77  Bitcoin / Pools / Re: Someone changed my BTCguild wallet address. on: June 22, 2011, 04:31:23 PM
To date, only a few accounts at BTC Guild have had funds taken from them.  In all cases it was an MtGox user.  So far every case has fallen into one of three scenarios.

1) Email was shared between BTC Guild and MtGox and the email shared the MtGox password, which was used to reset the BTC Guild password.
2) The password was the same with the number '1' either added to or taken off the password.
3) The password was the exact same between the two sites.


I've had a notice placed on the site within minutes of the leaked database, and the payout lock feature would have prevented every single one of them from happening if users turned it on.  This is why the Payout Lock bugs you to be enabled until you explicitly decide to hide the warnings.

First, great work over the last 2 weeks  Cheesy Cheesy Cheesy Not quite sure how you stayed sane through it all  Grin

Now, several suggestions that everyone will probably hate:
- make the account lockout feature default to ON instead of OFF when you create an account and have a final 24 hour lockout when you turn it off.
- require a second password, different from the account password, to request a payout.

Anyway, keep up the great work  Cool
78  Bitcoin / Bitcoin Discussion / Re: How to Identify bitcoin sender? on: June 22, 2011, 03:33:40 PM
This could also be done with the sender using two wallets (two different instances of the bitcoin app). Wallet1 is the receiving wallet from all sources with a number of different receiving addresses. You then send the aggregate amount to a single address in Wallet2. Then you send from Wallet2 to pay with a known sending address. The only catch being that you need to do the transfer sufficiently ahead of time to have enough verifications in the block chain for the coins in Wallet2.

Your example would change to:


Code:
    (10BTC) IN1-|------------|
    (20BTC) IN2-|            |
    (5BTC)  IN3-|      TX    |-OUT (105BTC) to Wallet2 address ----> payment from Wallet2 address ----> recipients wallet
    (35BTC) IN4-|            |
    (35BTC) IN5-|------------|

79  Other / Beginners & Help / Re: Newbie mining question on: June 22, 2011, 02:06:48 AM
CPU mining won't make you much at all -- but that's not to say it's completely useless. While I was exploring bitcoin, I had a CPU miner going. (Actually, a few of them, I have a bunch of boxes.) I actually did make a bit more than the power costs... by about ten cents. I wasn't mining for profit, though -- it was for learning. I got to experiment with different pools, transfer a little coinage around, all without the risk of "Oh, fuck, there goes my big profit for a month!!"

So it really depends what your interest in mining is all about ... if you want to experiment with it, a CPU miner gets your feet wet. It'll even pick up enough that you can buy a few iTunes tracks with the proceeds (assuming you're selling your coins) if you leave it running long enough. If your goal is to buy a big-screen TV ... You're not getting there with a general-purpose processor. (And, hell, even if you had a rack of GPUs, there's no guarantee you get there!)


I'll echo wolftaur's post. CPU mining is valuable in that you get to learn about the different pieces of software, the pools, and bitcoins themselves. You won't make more than a few bit cents a week, but take the time to learn and experiment and see if this mining thing is something that you want to invest time and money in. If you decide that you want to bail out, then no harm done and not much money wasted. If you decide that you want to continue then you have some basic knowledge that you can build on.

It's better to say, "I wish I had started doing this two weeks ago" rather than "I wish I didn't spend that several thousand dollars on hardware."  Cool
80  Other / Beginners & Help / Re: Can somebody compile the ufasoft cpu miner for me? on: June 21, 2011, 08:22:31 PM
It's in this thread http://forum.bitcoin.org/index.php?topic=3486.280 on page 15 and is post #283. Good Luck  Cool
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