I looking at renting some warehouse space for my mining rigs. The space I am looking at is 1000 sqft in Salt Lake City, near the airport, of which I would only need about 250 sqft. Electricity should be between 6-7 cents per kWh, though I have not confirmed the exact price. Anyone interested sharing the space with me? I expect it to be about $1/sq ft. with a 150 sq ft. minimum + electricity, insurance, and Internet access.
$1/sq ft? Man, you have a heck of a lot lower rental rates than I do here! Of course, I haven't really been looking at warehouses either... a warehouse isn't going to have sufficient cooling. |
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*affect
My guess is, drivers will be crappy enough to start out with that they won't be any better than the 5xxx series, but software improvements will eventually make them the better miner.
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Will buy a ticket before the time limit is reached. Posting here to remind me.
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You say guaranteed 8000MH/s - how can the renter be assured of this guarantee? The way I calculate it, I would make just over 35 BTC in 7 days with 8000MH/s. So why only charge 26 BTC? Do you just need a short-term loan?
Just trying to figure out "what's the catch". What is your reason for doing this?
I have a few reasons for doing this: 1) I want to establish credibility amongst the BTC community. I think engaging in some short term mining contracts, and delivering exactly what I promise (or over-deliver) will be a good start. 2) I doubt anyone will buy a contract if it only pays back what you purchased it for. Selling it at a discount benefits the buyer (ie, higher expected payout than purchase price), and also benefits me (I know I have 26 BTC at todays price versus 35 BTC at an unknown future price). Business engage in this type of transaction constantly.....albeit perhaps not at this much of a discount. As for the 8,000 MH/s garauntee.....I will be sending the buyer my pool stats periodically so he can independently confirm the mining speed. I suppose I could fake these, but if I was not delivering the stated speed, surely it would be reflected in abnormally low pay-outs. Makes sense, thanks for the explanation. |
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You say guaranteed 8000MH/s - how can the renter be assured of this guarantee? The way I calculate it, I would make just over 35 BTC in 7 days with 8000MH/s. So why only charge 26 BTC? Do you just need a short-term loan?
Just trying to figure out "what's the catch". What is your reason for doing this?
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It is very unlikely that -rescan helped - all recent versions of bitcoin do rescanning automatically when necessary.
My guess is that you switched to the second wallet before the transaction from the first wallet made its way into the block chain. When switching back, it resubmitted, and the second wallet got it.
How does the recent client determine when rescanning is necessary? |
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I can't remember the name of the guy and his company but who was that guy at the conference that made the announcement that he was selling basically "anything" on his new site with coins? Anyone have that URL? I think it was basically an amazon of bitcoin.
That was probably http://www.bitcoindeals.com/ . Yes, it could be, as soon as it goes live. The question is, is it just another overpriced middleman, or will it actually have competitively priced products? |
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i did a rescan and its fixed i think when i closed it fast that's why! and the only solution that worked it was the rescan i did everything else re-downloaded the chain and nothing, only fixed with -rescan i think this option should be integrated in the bitcoin program under help or something.  Hah, that it should! It'd be one step closer to making Bitcoin intuitive for even the newest of users. |
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I was there. I'm from Sweden. Payed in total perhaps 1500 dollars to be there. Stayed in a truly crappy hotel (Latham Hotel on 28th Street) and have this to say: - Could not afford to pay for the trip? Seriously? That is a lame excuse if you are from the US. How much could a plane ticked have cost? I know no one in NYC I could stay at, but if you're American then the chances are high you actually do.
- The conference fee was 2 BTC (you payed more for a table, but still). How far do you think that takes you in covering the costs for a "ballroom" at a fancy hotel in NYC? I'm sure Bruce made no money at all, and worked his ass off. And so did so many others of his friends and colleagues.
- Organizing an event like this is very very very hard work, and not profitable in any way. Pointing fingers at Bruce for doing a crappy work surely doesn't help much.
There's no way I could have afforded the trip. Not everyone has thousands (or even hundreds) of extra dollars sitting around, waiting to be used on a plane ticket. I'm struggling to pay my monthly bills as it is - haven't had any "fun money" beyond $5 for a couple of years now. - There weren't that much stuff to stream, really. We had Bruce announcing the whole thing, then we had Gavin talk about the future of the code. Next up was Stefan Thomas talking about BitcoinJS, and finally Jeff Garzik's talk about the state of the coin (his slides are online, check his latest tweets). The rest of the whole thing was just socializing and lots of very interesting discussions with other Bitcoiners. The true content was in the personal meetings. Sorry guys, that's always the best thing with conferences.
Maybe I've been looking in the wrong place, but this is the first time I've heard anything about any of the speeches that were made! I didn't even know the subjects that they talked about! This is what we (on the forums) mean when we say we've heard NOTHING! So thanks for giving at least a summary of what happened. Now I'm not trying to be a huge complainer here. I'm glad that, according to those who attended, the conference was a success. I just wish that someone had made an effort to communicate with the outside world about what was happening. Even just someone with tweets saying "Gaving is now talking about the future of the code", etc. None of us knew anything about what was happening there, and that was just really a shame, especially after how much it was hyped. |
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fair enough. that process is just too lengthy for me. I've had an offer of 20 BTC on SR. Guessing I should go ahead and take that.
Dude, why didn't you take it immediately? That's $220 worth of BTC at current market rate. |
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i dont have a problem with sending money first, but don't like paying high. im already paying for the card, you avoid exchange commissions
Avoiding exchange commissions isn't enough to inspire me to conduct a trade outside of the exchange though. On a $200 trade, it's a measly $1.30. I'd rather just sell on the exchange at that point. |
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You probably closed the wallet before it had time to properly broadcast the transaction. I'd leave it open for a few minutes after hitting "Send" to be sure it really does get propagating through the nodes.
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The problem is, bitcoin price has been so volatile that what you bid 7 days ago could end up being twice the amount of purchasing power you intended to bid.
At least for now, a bitcoin ebay-like site should have auctions listed in USD (or some other mostly stable fiat currency), then grab the current MtGox trading price as soon as the auction ends and have that be the actual dollar amount the buyer owes.
Yes, you could wait until right before the auction ends to bid, but the seller runs the same risk of price volatility, and may not get additional bids if the bitcoin value suddenly drops right before the auction ends.
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It's really kind of sad that things had to go this way. I was really looking forward to all kinds of announcements, speeches, etc. I did watch episode 38, which was fun, but was expecting even more come Saturday. Unfortunately, it's just been, as aq pointed out, dead silence.
I think that no one is posting summaries of things because there wasn't much to summarize. So far, every single person that I've seen posting about the conference happenings have just said "it's been great, I've met a lot of good people and had some great conversations." Seems like it was more of a meetup than a conference. Hopefully I will be proven wrong about this in the coming days...
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If you'll send the money first, and don't mind a bit of a premium on the current exchange rate, I'll do it. I'll give you 17.39 BTC for $200 - about $11.50/BTC.
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Thinking about also hosting a copycat of this... posting here to remind me to check up on it later.  |
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Hi xyu, Thanks for your response. OK, I was thinking that the house and/or host would get the stake as in Bitcoinduit. Cancelling would work; however, is it good form for a host to bet all option to provide both a winner and starting pot. This is mine: http://webetcoins.com/rounds/7I did it just to get started, but I already have some better ideas and will be making more rounds. Tanks, n.olmos Yeah, that's a good call. I'll start doing that on mine when I get on the computer that has my wallet on it. That way, people won't feel awkward about being the first to bet. |
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Just FYI, FreeMoney is in the middle of a move, and doesn't have regular internet access, so it may be several days (possibly longer) before he is able to send any bitcents your way.
OK, thanks for the update It's true, but I got it done anyway. Cents sent. I'd love to hear about anyone using firstbits in the 'real' world. Besides using it to send coins from computer to computer?  |
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Cool site. I like that it doesn't cost me to make statements - it's fun to come up with interesting bets, but I don't want to bet money that people will want to bet money on it. If that makes sense. I've created a few statements already. Also, this is the best statement ever: http://webetcoins.com/rounds/10 |
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