I am currently moderately interested. That could be bumped to very serious by providing PSU info and amount of pcie slots used/unused. And a price ballpark that could confirm this could be advantageous vs the 1.8khs/$ I can get with new and current hardware.
Just curious, what configuration produces this 1.8 khs/$ rate after you buy the GPU, motherboard, memory, processor, power supply, hard drives, riser cables, case/frame, networking equipment, KVM equipment, and invest the time to set it all up? I could see 1.8 if you are only buying the GPU, for example a 79xx series card... What have I missed? Thx, Planman You are adding a lot of unnecessary stuff there.... Like a lot. CPU/mobo/PSU/ram 450$ per 7 GPUs. In fact, might even be able to get almost 2khs/$ getting good specials new. But I'm not here to argue, just trying to get you to sell me second hand 3 generation old gear for fair price. The reason I asked for a ballpark is if you said something in the 4k's I would just have moved along because I can get that new (with all the perks of new like reliability and resale value, and gotta admit, the new burning in PCB smell). |
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Simran: No offense, just a guess: you own a lot of litecoins, and is spreading FUD about bitcoin because you then hope the price of litecoin raise? Bitcoin is a great piece of software for it's time, and it being open source was very helpful. There have been a handful of developers that have taken an advantage of this opportunity to create their own cryptocurrency. Although Bitcoin being the first and dominating currency at the moment, it still suffers from some flaws, or rather features. Along came a crytocurrency called Litecoin, it being based off the Bitcoin source, had some tweaks made to it. Bitcoin using SHA256, this coin [litecoin] uses the algorithm called sCrypt. Aside from that, the confirmations for this coin are faster than Bitcoins. This is a big advantage for merchants(Aside from the current features Bitcoin already offers). Silk Road was another event/service that helped the rise in Bitcoins and gain more attention towards it. Silk Road was a major service that made some of what Bitcoin is, and a service that Litecoin didn't have yet. Bitcoin still suffering from long confirmation times, people thought it would be nice to have a similar website to Silk Road for Litecoin. Atlantis was recently created as a Silk Road to Litecoin. Merchants could move over to Atlantis and enjoy the luxury of faster confirmations. First, faster block generation = more (and longer) orphaned block (chains) = you need to wait for more "confirms", before a transaction can be trusted. It is not like "bitcoin = 10 minutes" but if you use litecoin then you only need to wait 2.5 minutes. <-- in this case, litecoin is A LOT less secure than bitcoin. And guess what would happen if bitcoin and litecoin would switch in transaction activity, then the litecoin blockchain would way way way more bloated than the bitcoin blockchain is now (because more blocks = more overhead). Do you think the 10 minutes pr block was chosen to annoy bitcoin users? Also exactly how is scrypt better than SHA2? The way I see it, then litecoin is WAY MORE vulnerable to anyone renting a botnet and perform a doublespend attack. You're retarded for thinking a Botnet can do a double attack with a botnet now. You'll need at least $10k now. Now if you were talking about 2-3 weeks ago, a botnet with $500 could have done it, but not now. Oh the irony..... 3 days ago you posted this.... How fucking retarded? "$20,000? Have you ever had a botnet? Do you know how much one infected computer costs, especially when spending $500? If you're spending $500 on installs, it's $0.005 per install. Each will probably get 3-5 kH/s assuming that they're shitty. $500 is 100,000 installs, yes, 100,000 infected computers to mine for you, getting you the speed of 300,000 - 500,000 kH/s on the whole muthafucking network! I'm sure $500-$700 of installs could practically destroy LTC, but, who actually has such an amount has an amount? No one." Your credibility has just fallen from 0 to -21. You make it way too easy buddy. Time to make a third iteration of your post. |
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It would be possible, but probably not very successful as there is no competing use for the filling of memory as opposed to hash cracking. It would be somewhat counter intuitive and prone to failure.
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Well, for once Litecoin is based on the Bitcoin source code. If somebody were to re-write the software from scratch Litecoin could turn out to have an advantage in the long run.
But then if somebody were to do develop a whole new cryptocurrency from scratch why include so little improvements? So in general the future belongs to a yet to be released cryptocurrency concept. One which takes advantage of the possibility to fix the shortcomings Bitcoin and hence Litecoin and all other forks have.
Faster transaction times is still not near instant transactions
Storing every transaction on every node is still inefficient and unsustainable.
Only rewarding the computational part of transaction processing and not storage and network bandwidth is still unfair
An arithmetic function as distribution curve is still more susceptible to pump & dump than a more natural sigmoid function.
Network parameters are still hardcoded and hence not subject to democratic decision
This are just the shortcomings I know of, a real attempt at creating a decentralized economy which goes beyond the proof-of-concept Bitcoin is would include much further improvements. Any project in the magnitude of common FOSS ones will be so vastly superior to BTC, LTC and whatever currently is out there that there simply will be no debate of what is the better system.
People using it wouldn't be concerned about the exchange rate, or if the currency performs better they will simply be busy with real economic activity which will provide them with wealth instead of hoping for a risky gamble to pay up.
This may take a few years, but every day the current cryptocurrencies are out there they contribute to their own demise. I'm not saying their price is going to zero, they can retain some novelty value. But one thing is certain, they are becoming useless, one way or the other.
You don't have to reward different tasks fairly compared to others. Just fairly between everyone. There is not really a NEED for faster transactions than what is already under 1hour, it IS good enough. The hardest thing to achieve for cryptocurrencies (or just currencies) is adoption and scarcity. Bit coin (and growing litecoin) have that advantage vs whatever isn't invented yet. Unless there is a very real problem that something else can fix, its not true that its gonna get replaced for minor improvements. I do believe the two can coexist, one being of lesser value, tighter parity and faster, the other one being "the face and name of cryptocurrency" achieving more scarcity and adoption than everything else currently. |
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Lol
.... The guy thinks because everyone disagrees with him its because they don't understand.
Its very funny in some sort of twisted way.
No, they're disagreement is based on stupidity, can't accept anything but what they think is right, or ignorance. saying the guy who has to write the same thing twice and still believes himself. Rule of life : When everyone around you disagrees, it confirms you are right. |
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Lol
.... The guy thinks because everyone disagrees with him its because they don't understand.
Its very funny in some sort of twisted way.
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I am currently moderately interested. That could be bumped to very serious by providing PSU info and amount of pcie slots used/unused. And a price ballpark that could confirm this could be advantageous vs the 1.8khs/$ I can get with new and current hardware.
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Its amazing how retarded a nerd community can be.
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Btw, if smoothie is here, I'll still be around, Mr. Troll Busta.
Pull your tougue out of smoothie's sphincter son. Dogs do that. Dogs are dirty. So do my micro pigs, but they're considered one of the most cleanest animals. Fuck off. BTW It's spelled faggot and it's a bundle of sticks L2English...
Does it look like I give a fuck? LOL. Oh gawd, that hurts so much, let me go call my Mom. Isn't that just a couple yells away? Or a soup can and a wire perhaps? |
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And you keep making retarded posts. "Bitcoin is dead" title threw me off right away, then I read the post, and halfway through I saw the OP name and it all made sense.
Things are going a certain way, your post achieves nothing.
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I am researching my market, and from what you can see I am involved in cryptocurrencies much longer than most people here.... I was initially arbitraging the European market with Mtgox in the beginning of 2011 before the rocket took off.
I am not saying that bitcoin is gold. But even bitcoin has still not made it to the minds of institutional investors. Even only a limited amount of high net worth individuals have heard about them.... but they are still not mainstream.
From what I can see in Litecoin, is that the demand is made out of speculation of a small group of people, mostly miners. There are about 1000 to 1200 people in BTC-E, making the market. Lets say the whole market is 4000 people at most. This is a fair amount of people to drive volatility but not the right amount of people to bring it forward. Too many people within those 4000 are in the hope of becoming early adopter millionairs, with the danger of losing everything.
I do hope that I am wrong, as I do not like to see people losing money.... which can be a very thoug. I know people who have killed themselves because of standing on the wrong side of the trade.
LTC might have a bright future, but I personally dont believe in it. Everyone who comes to Litecoin will learn about it via Bitcoin first. LTC has a very high risk !!!!!
Atlantis might be the first step for LTC to get people interested, but again it is a copy.
The next thing is the volatility of LTC. Nice for me trading it, not good for vendors or businesses trying to accept it as a currency.
I do wish you all good luck and I do hope I am wrong. But becoming a millionaire is not that easy... or maybe it is?
This is no hate. This is a warning to people who might lose all of their investment....
its funny how everywhere in your post you can substitute "Ltc" by "btc" and it still holds true. |
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Correct, you don't want to push voltage to the mb v out, prob wouldn't end well.
Yeah, totally what I was thinking but told myself it was better to ask anyways considering I'm not playing with pennies. Thanks for the guide. |
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13.3?
I can't find that one yet, I only see various 13.2 betas. Did it come from the main website?
I dont know, in the driver finder selecting windows 8 64bit (perhaps not for other versions yet?). Its posted 3/15/13. |
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I have been involved in trading for 15 years, and something I have learned is...
something which was a month ago at 0.002 and is now at 0.0075 is...
due for a correction....and nothing more.
The upside potential is so much limited to the downside potential, especially if it is just a copy of something of which noone is currently putting work into it.
Still good luck with your dream to become an early adopter millionaire....
Tell that to the guys who had private stocks of 5% of Facebook in 2005. Oh yeah, that 50000$ turn in 26 quadrillion. |
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Just wanna report that 13.3 seems to yield roughly 15khs increase for me vs 13.2. On 7950s.
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Just to make sure, you ONLY connect the wires leading to the female and leave those leading to male hanging (mobo side)? I'll just use thumb caps so I don't have to undust my soldering iron  |
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You buy a "botkiller". It kills all the other peoples infected file besides yours so the zombie is all yours.
That I would trust even less than the botnet computers themselves. That would need to be something you yourself programmed, and even then it'd be difficult to tell what other backends were and weren't installed on the compromised computer. Just check if any system files have injected any different byte arrays into the systems memory. Checking if anything has been written to the VirtualMemory or any space has been allocated in the memory. OMG THAT EASY?!?!?..... See how long your botnet lasts then. Its a fallacy to think something that's easy isn't already done. |
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I am well versed in overclocking and I'm using afterburner for that, none of these settings do the trick, also i find that memory speed has almost no effect on hash rate.
There is certainly something wrong somewhere, because memclock tends to have huge effects. Have you tried completely removing drivers and reinstalling? |
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Right now it'd cost somewhere around $20,000 to buy a botnet capable of performing 51% attacks against the Litecoin network.
However, you could make $200,000 from ripping off BTC-E's LTC/BTC buy orders alone.
$20,000? Have you ever had a botnet? Do you know how much one infected computer costs, especially when spending $500? If you're spending $500 on installs, it's $0.005 per install. Each will probably get 3-5 kH/s assuming that they're shitty. $500 is 100,000 installs, yes, 100,000 infected computers to mine for you, getting you the speed of 300,000 - 500,000 kH/s on the whole muthafucking network! I'm sure $500-$700 of installs could practically destroy LTC, but, who actually has such an amount has an amount? No one. It seems that you in fact contribute nothing. I'm very pleased that you hold lots of slow betacoins hashed on proprietary hardware. It's called a *checkpoint*, you little idiots. Have fun, children. Seems some of the ummm....Less aware, let's say, have become a little anxious of late.  $700 to destroy a $10,000,000 currency. I'm suprised no one has borrowed a lot of litecoins, shorted them, and done this already. We don't even need a bounty on it. A checkpoint won't do anything to stop a chain fork. It could undo the fork after clients upgrade, but it won't help against a sustained 51% attack. Funny how the numbers you choose to follow is from perhaps the most retarded member on the forums. Kinda makes your IQ shine. |
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