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61  Bitcoin / Mining speculation / Re: If you're thinking buying mining hardware, read this first on: May 03, 2011, 07:54:45 PM
very interesting that JJG is so concerned about other people buying mining rigs ...

You're a few pages too late for the conspiracy theory talk. Come back when you have some math or logic to debate with.

Maybe that's his objective reality. Then it's not conspiracy at all...it's fact. Of course, that's only if you ask him...

I have taken the advice in this thread to heart. It has not, however, dissuaded me from buying hardware...especially after a visit to CL last night, where I saw that I can get most of the pieces I need (sans video cards and power supplies) for half the price I was thinking of. If anything, I would take the message in this thread as "Watch your ass when buying hardware that you can't turn over when you're done with it."

Also, defending against the >50% attack would be the most altruistic reason I can think of for running a farm. That's not the only reason I want to help, but it is definitely a consideration.

Again, I seriously do not know why you would spend this much effort on this particular topic.
62  Bitcoin / Mining / Re: 5830 @ 312 Mhash/s on: May 03, 2011, 06:15:13 AM
I would definitely run it that fast if I could. 965 is the fastest stable speed for my system given the current configuration and the fact that I actually use my computer for stuff while it's mining. Reducing the memory clock to below 400 definitely helped too...though too low and I was freezing up.
63  Bitcoin / Mining / Re: Windows Sidebar Gadget on: May 03, 2011, 05:12:22 AM
Well, I've been using it all day. It's very handy, and I look forward to future updates. Smiley
64  Bitcoin / Mining speculation / Re: If you're thinking buying mining hardware, read this first on: May 03, 2011, 02:49:45 AM
And 2k-3k buying Bitcoins on the exchange is likely to do even better, except in rare scenarios.  I'm going to laugh my ass off when people who bought high end video cards get passed up by the next big innovation, much like anyone who was CPU mining a few months ago.

This. Honestly, this is what worries me. ASIC mining? GPU mining could become an outmoded thing of the past...and then what. Get 60-70% of your hardware investment back maybe.

Maybe one should save one's money until this new technology is readily available, and then pounce on it as soon as it is.

65  Other / Off-topic / Re: Facebook to be world's biggest bank on: May 02, 2011, 09:36:20 PM
Who the fuck is this moron? OH, his Facebook rank is number 29! Impressive!

This is like me saying that I am the third most attractive guy at the homeless shelter...
66  Bitcoin / Mining / Re: Windows Sidebar Widget on: May 02, 2011, 08:57:01 PM
Currently the problem is with deepbit.net the API access is not output, as [Tycho] said.

I have set it up to use bitcoincharts.com for market data instead of using just mtgox. Would anyone want to be able to select which symbol to use? so it would not have to be mtgox but allow you to select from a list to display the value.

It could be nice to have a drop down, but everyone probably uses MtGox as a benchmark.
67  Bitcoin / Mining speculation / Re: If you're thinking buying mining hardware, read this first on: May 02, 2011, 08:55:55 PM
It's a hobby. And a money hole. And in the unlikely event that each Bitcoin is worth as much as a share of Berkshire Hathaway in 15 years, it's as you say...it's still cheaper to buy them. Take that $700 a year ago and buy a whole PILE of bitcoins...but don't buy hardware solely to mine with.

Now, if you'll excuse me, I found a good deal on some 5870's that I'm not letting go to someone else. Tongue

Full Disclosure: I purchased a 5830 3 weeks ago with the primary intent of mining with it. It was $109, and it could already pay for itself almost twice now if it wanted to at current market rates. Fortunately for me, I was also replacing an nVidia 9300GS, so it wasn't like I was actually buying some frivolous thing. The rig I'm looking at building, though, is probably very frivolous.
68  Bitcoin / Mining / Re: Windows Sidebar Widget on: May 02, 2011, 08:35:34 PM
The pool crash just now killed it. Sad C'est la vie, I guess.
It's not crash, i was just fixing hashrate calculation bug, sorry Smiley

No need to be sorry. It's your servers I'm abusing. Tongue
69  Bitcoin / Mining / Re: Windows Sidebar Widget on: May 02, 2011, 08:22:03 PM
The pool crash just now killed it. Sad C'est la vie, I guess.
70  Bitcoin / Mining / Re: Windows Sidebar Widget on: May 02, 2011, 07:59:04 PM
This is really slick. I've been trying to do something like this, but my programming skills are suxor.

Edit: Sending donation. Smiley At the risk of sounding like one of "those" users, it would be nice if I could shrink it up a bit. Other than that's it's perfect.
71  Bitcoin / Mining / Re: 5830 @ 312 Mhash/s on: May 02, 2011, 07:52:40 PM
Huh...yeah...that's pretty strange. Give the Catalyst rollback a shot...I went with 10.7, and if you have a 5830 in a Windows box, that's what I'd recommend for you, too.
72  Bitcoin / Mining speculation / Re: If you're thinking buying mining hardware, read this first on: May 02, 2011, 07:34:03 PM
You must realize the total network computing capacity is over 1000 Ghash/s right now. 10GHash/sec is less than the day-to-day variations in computing capacity.

That's why there's were two differing points in my OP. Smiley

Say...are YOU mining? Have you purchased any hardware specifically to mine with?
73  Bitcoin / Mining speculation / Re: If you're thinking buying mining hardware, read this first on: May 02, 2011, 07:30:02 PM
It's not terribly complex logic. If he talks, say, 10 GHash off the network with his logic, difficulty would drop proportionately (albeit slightly). If, however, by his argument he prevents many people who are considering making a mining hardware investment (such as myself) from making said investment and instead using that money to buy Bitcoins, this is a win-win for him if he is mining. He increases scarcity and offsets potential network difficulty increases. It's not completely altruistic, ya know? Wink

You must realize the total network computing capacity is over 1000 Ghash/s right now. 10GHash/sec is less than the day-to-day variations in computing capacity.

There's a strong trend in this thread. People either:
  • Look at the charts, run their own calculations/models, and determine that buying mining rigs is a very poor decision
  • Ignore the math, charts, and rising difficulty, and instead rely on conspiracy theories to brush my arguments aside

Even the guy who said the trick was to buy cheap hardware admitted that it's no longer straightforward to buy hardware cheap enough to make it work.

Whatever you think my motives are (I assure you I am not trying to manipulate the market with a forum post  Roll Eyes ) you can't argue with the math. So far no one has provided any sort of projections or calculations that show I'm wrong. Conspiracy theories don't count.

Guh. It doesn't matter if you're right. Of course you're right...some basic math would prove that. It matters if people agree with your point of view. It also matters as to what I want to spend my hashes on. Smiley I happen to really enjoy mining as a hobby, and even if Bitcoin went belly-up tomorrow, I would point my mining hardware at SETI@Home or something like that...so it wouldn't be a complete waste. Plus, retired Bitcoin miners can play ANY GAME THEY WANT. Tongue

Let's also consider it a good thing to have more people mining, if only because it protects us that much more from a >50% attack. There's a botnet out there, ya know? And maybe he hasn't seen your thread... (of course, it wouldn't matter if he did, since he's not paying for things like power and mining hardware, for starters)

Regardless of your motives (which are unclear at best), I think that hardcore mining (the kind I am NOT doing...yet) attracts a certain kind of person with a passion for this sort of work. You'd be hard-pressed to show that person any convincing math to make them stop...and the world needs more people like that.

There is a definite place for math and numbers and a place for people do just do whatever the hell it is they want to do. I believe that this is a case of the latter...PROVIDED they have understood the former.
74  Bitcoin / Bitcoin Discussion / Re: Conversation I had with my girlfriend the other night on: May 02, 2011, 11:12:06 AM
I told a couple of people I work with...and since I work at a financial institution, that made for some pretty interesting conversation. I managed to get one co-worker to help out when I convinced him that the algorithms we were working on were not, in fact, nuclear launch codes or the like. Told the missus, as well...she keeps an eye on the rig for me. Smiley And a couple of my gamer buddies, who are having serious heat issues. All told, that's like 4 people.
75  Bitcoin / Mining speculation / Re: If you're thinking buying mining hardware, read this first on: May 02, 2011, 07:34:48 AM
I wonder why JJG cares so much about others money. I've seen over 15 posts by JJG saying that mining will be not profitable. Of course in a long term there will be only miners who have electricity for free. But for now, difficulty adjusts to current price so mining is almost always profitable.

It's not terribly complex logic. If he talks, say, 10 GHash off the network with his logic, difficulty would drop proportionately (albeit slightly). If, however, by his argument he prevents many people who are considering making a mining hardware investment (such as myself) from making said investment and instead using that money to buy Bitcoins, this is a win-win for him if he is mining. He increases scarcity and offsets potential network difficulty increases. It's not completely altruistic, ya know? Wink

For the record, I plan on adding about a Ghash to the network myself over the next month or so. And yes, I realize this is a race to the bottom. So is the rat race that is fiat capitalism. I'll opt for this any day of the week...at least on here I'm not deluding myself.
76  Bitcoin / Mining / Re: 100 Ghash/sec rig .... ! on: May 02, 2011, 07:27:52 AM


You really have to wonder what kind of hashrate Data would get...
77  Bitcoin / Mining / Re: 5830 @ 312 Mhash/s on: May 02, 2011, 07:18:07 AM
I've heard a lot about this issue...I'd be curious to see definitively what causes it.

Short of getting you to roll your Catalyst version back to something earlier and making sure you are running with SDK 2.1, I'm not sure what to tell you. What's your memory clock at?

...you don't have Generate Coins checked in the Bitcoin client, do you...?
78  Bitcoin / Mining / Re: 5850 mining at 290MH/s with phoenix 1.3 miner. How to speed up? on: May 02, 2011, 03:56:05 AM
Catalyst Drivers for Windows Vista/7 64-bit

Previous ATI Stream SDK's

Good luck. Smiley
79  Bitcoin / Mining / Re: 5850 mining at 290MH/s with phoenix 1.3 miner. How to speed up? on: May 02, 2011, 02:22:41 AM
the aforementioned link
80  Bitcoin / Mining / Re: 5850 mining at 290MH/s with phoenix 1.3 miner. How to speed up? on: May 02, 2011, 02:20:52 AM
Yes, I am using afterburner, but every time I set it below 700, it freezes the system.
Can't up the core any higher, it will crash. Unfortunately, my card does not allow me to increase voltage, and it is NOT a reference design card.

I am also on a Win7 64-bit OS, and I'm one of those you mentioned with the 5830's...downgrade to 10.7, get your SDK down to 2.1, and give your OC another shot. Smiley Let me know how it turns out.

There's a thread around here somewhere on the 58XX series cards that Franiebits started. It was very helpful.
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