More likely increased hashrate of the pool. Higher pool hashrate=more blocks per day, but obviously those pay less each for a given personal hashrate. In the end the net result is only lower variance.

Im not sure, but I may have stumbled upon the cause of your timing issue. Is it possible the website is not showing orphaned blocks and that gets the timing confused?

These 2 blocks were orphaned and reported by blockchain as originating from deepbit. I know blockchain isnt all that reliable, so it could be wrong, but since they dont show up on blockorigin at all, you may want to check if indeed those blocks werent yours:

00000000000008f768a2d460398108897d26ec3f99d9017463162116e720a5f4
0000000000000a840c96d0bd6555aa98a18fd380873ed1192db59f3ea6cc71b3

Just connect the green wire with a black one so you can start it up. I use a paperclip in the 24 pin connector, then add some tape.

Asics costs a lot to develop, and close to nothing to produce.  Thats a problem, since they are worth a lot at current prices/MH, so there is no reason for a supplier of asics to not price close to market rates. That means there is an enormous gap between initial prices (per MH)  and future prices, because as difficulty goes up, prices per MH will tumble, and difficulty will skyrocket further. An asic vendor has almost unlimited ability to drop prices  to adjust for difficulty,  and it will need to, as difficulty rises. SO he also has an interest in, and ability to push up difficulty by orders or magnitude. That makes it a highly risky purchase for a miner, his investment is bound to lose value far faster than most people will anticipate and probably too fast to make a positive ROI.

You have to take the purchase in to account. If it takes 200 years to pay itself back without electricity costs, I wouldnt call that profitable. And if asics get sold anywhere near MH/$ of todays solution, that will very likely be the case.


If you spend $800 million on bailing out banks, thats $40 per coin. So what?

No need. Even if they havent broken even by now, they should before these asics arrive and once they sell their equipment. Prepare to feel sorry for those investing in these asics because..


.. you might be underestimating future difficulty by several orders of magnitude.

Im absolutely fine sending bitcoins for this purpose.

However, I have serious reservations about giving copies of bitcoin magazine if that is what you were alluding to. If bitcoin magazine wants to "sponsor" them by sending a few free copies, thats their business, and I would welcome them to do so, but I dont think its up to bitcoin100 to pay for it, thereby sponsoring a commercial enterprise.

If you assume an African life has the same value as one in your own country, you can do a whole lot more in Africa than at home. Where I live, I dont think there a lot of babies to save with 10 euro and installing a water well isnt going to make life better for hundreds or thousands.

That said, if you want value for money, our energy and money would be better spent trying to improve the political situation over there. Sadly we are doing the exact opposite

At whatever price point they decide upon initially, BFL have to sell for a significant amount of money, as they have a substantial NRE to make up. If the price is perceived as too high per MH and GPUs and FPGAs remain too competitive, I doubt they will generate the sales they need fast enough. Remember, BFL have to worry about a potential competitor too, they cant risk spreading their ROI over 5+ years.

So IMHO network hashrate will go up inevitably if BFL is to make a decent return on their investment. Once this effect becomes big enough, BFL will have to lower prices to keep selling boxes, which will further increase difficulty, etc, etc. I dont see how it can be avoided. High initial prices may slow down the effect initially as GPUs are being replaced by ASICs, but if you look in the BFL pre announcement thread, miners seem to be falling over themselves to buy.

More over, high initial prices will also make it even more likely that early adopters will get buried.  If the payback time at current difficulty is on the order of 12 months, there is IMO no chance whatsoever for them to break even - ever. If its much shorter, lots of ignorant miners will buy them in droves even though I suspect 4 months break-even time may still be suicidal. Not enough people truly understand the problem and the difficulty increase will be created by the ones that dont.


I dont think its better for the asic manufacturer to maintain high prices for long. I agree to maximize their profits, they should price them as high as the fool is willing to pay upon release, but once the "biggest fools" stop buying, they will have to drop prices. Not selling boxes is not in BFLs interest either.


I raised the question in the pre announcement thread, and BFL-engineer didnt seem to grasp the problem, or pretended not to. Doesnt bode well. But even if/when BFL sees the problem, its something else to come up with a solution. As long as BFL has a monopoly, they may decide to sacrifice some of their profitability to make sure the market remains healthy: they could impose limits on their sales and not sell more than x TH per y months, even if there is demand. But if/when a competitor emerges, then you simply cant solve it IMO.

Try testing your speed here:
https://bitminter.com/test

Requires only java webstart. If that looks normal, you can mine on that pool with that same miner.
If speeds are still too low, we need more info.

Eventually, it will matter again. But not before ASICs have plummeted in price. In the beginning the purchase cost per GH will completely dwarf the electricity cost of asics. In the longer run as difficulty explodes, ASIC prices will tumble and electricity might become a factor again. 

But for most existing ASIC miners, that will just add insult to injury. Whether or not they can still mine profitably vs electricity cost, may seem as moot as whether or not your $500 android phone earns more mining litecoins than it consumes in electricity.

Im not a lawyer, that may or may not be true, its the first time I hear it. You are essentially saying barter contracts are null and void? that would surprise me. What I can see is if only one part of the barter is or can be executed, that the resulting debt could be settled with legal tender; that is, well, the whole point of legal tender. If we agree to trade a laptop for gold and your laptop gets stolen after you got my gold, you will owe me the gold, or absent that, legal tender to compensate the breach of contract.

But that  wont prevent two parties from bartering if they so wish, and its not something Ive heard Keynesian rage against.

Instead of making a fool out of yourself, reread what I wrote. If the word legal tender confuses you, look it up.

I stand corrected on the spelling though. English is my third language.

For something they could initially easily sell at over 10x or 100x the cost to produce, I imagine they can find solutions for that.
Hint:

Sure, whats the problem with that? What prevents you today from making a contract that you will trade, say, a computer for bitcoins, gold or pidgin shit? If you want to call pidgin shit money because of that, be my guest. Then we already have competing currencies.

If by money you mean legal tender, I dont fancy that idea either. If anything can be legal tender, someone may want to pay off his debt to you by paying in metric tons of pidgin shit and you would have to accept it as debt settlement if he delivers enough of it.

Of course there other ways to see bitcoin than legal tender. I see it as barter, and Im not aware of Keynesians having problems with barter.

Im not complaining, am I?  I said "eventual lack of inflation" and  "long term" problem.

Niet echt. Je kan wel een beetje grasduinen hier:
http://blockchain.info/tx-index/5728560/0d72d9b459e9ef1a1c5ffe21fd9bc85d11362bb938c537e5298fc039bf593a1b

p2pool misschien?


Probeer de cache eens te legen. Start java control panel, (windows start menu, typ "java" kies 32/64 bit)  dan in general > temporary internet files > settings > delete files > ok.

Does not compute. If your project can turn in a profit, then surely it can generate the 8.5BTC ?

Well hang on, that was before I read "I am currently considering trying to raise bitcoins to a value of 100000 USD through the IPO.".

Carry on.

Yeah what a useless post. Its so much easier to download a third party windows only utility, particularly if you use linux on mining rig that already has cgminer installed.

Thanks for the tip crazyates, much appreciated.