22nd September 2013 weekly pool and network statistics
Recent coinbase messages:
258692 "To my honey, by bitfish."
Pool hopping:
Nil.
1. Someone is leaving love messages in the coinbase!
Perhaps I'm jealous that no one is leaving me love messages in the coinbase, but I don't feel the coinbase is the right place to leave "To my honey, by bitfish." (block 258692 ), unless of course I'm bitfish's honey in which case I'm fine with it.
Maybe it's an investment for an engagement present. Why pay for a one carat diamond that will likely depreciate when you can mine and fashion your own? I'm not anybody else's honey (as my wife will tell you) but I think this is a creative way to get more solo miners involved. Or p2Pool miners. Anyway, you're clearly bitfish, so I ask where's my honey message, eh? Personally, i think it is sweet. He has effectively professed his love for her for eternity to see. |
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Been mining on my BE for about a day now (with a fan finally). I noticed on Cgminer it says HW 1 and so there's some sort of hardware error. Is this something to take note of? My BE isn't very hot to the touch and I have enough power going to it. Help? Thanks.
Hardware errors are common, about 1% of what you found if i remember right. Does CGminer show your correct hashrate? is the LED on the erupter out and blinks occasionally? Does the pool you are mining on show a reasonable hash rate? sounds like you are good to go. |
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Of course the pool is steady, they've got 40% of the hashrate
You mean we?Of course the pool is steady, they've got 40% of the hashrate
You mean 35.7-36.1%? Yes, they/we. I use bitparking because of the many different alt-coins available...and they cash out into bitcoin at some point and it's a slightly better PPS plan, rather than my measly 2.67 GH/s wasted on a pool that pays squat for PPLNS or even PPS... There's too much hash to compete with on BTCGuild, so I can't waste my time on it going up against people with TH/s at their disposal. That last line makes no sense. All things being equal, yes you will get a smaller cut, of many more blocks. They aren't competing with you, if anything, they are helping you |
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considering how quickly the price is dropping, i'd consider being a reseller quite risky. there is a good chance that you'll end up selling some of your inventory for less than you paid for it.
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But I want to have free bitcoins! ASICs aren't designed to profit the consumer. They exist to profit the manufacturer only.
Why not just buy the Bitcoins you need? But I want to have free bitcoins  As for buying ASICs, dude, wait at least 6 months til things stabalize or you're tossing money in the trash. heh, you didn't just say that. Just incase anyone doesn't get it. Faucets cost you more to consolidate the Dust they produce than they pay out. Also Electricity is also used to tap Faucets. |
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10:53:24. So. Is this the future? Will we see more and more of these ungodly long blocks, as the terra-, peta- and quexa-hash farms come online? Is the difficulty just not bad enough?
I think the long blocks will increase if the pool's hashrate doesn't increase. This pool is slowly receding. As much as more hashing power dilutes my share of the block, a larger share of nothing is still nothing. |
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only good for bitcoin mining.
Not true, You aren't thinking hard enough. Are you taking this into account? If they are right in all their examples, my applications will still work and be viable in most instances. coins have two side, most people seem to look at the wrong side in this case. |
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That does not justify it , did you hear me say 'model train people have good hobbies , you don't' ? I believe hobby should be cheap , and if you buy 1-2-5 or whatever less than 500 bucks , thats a hobby , thousands of dollars is not a hobby , if you are selfish enough to spend thousands of dollars for a toy train , you are jerk , spend that for good of people . On the other hand if you spend thousands of dollars with the intention of break even (ROI =/= BREAK EVEN) well kudos try that , otherwise I don't respect your choice of spending that type of money for a hobby.
Seansoutpost have a deal you could feed someone for 1 meal for 1.25 dollars , THOUSANDS mean lets say 2500 and thats what 2000 meal? Oh COME ON , you mean you rather spend 2500 on a toy train than feed people for 2000 meals?
4500 for a metal detector would mean 3600 meals for people , you are a gentleman and a scholar for selecting the right one.
Just because YOU believe hobbies should be cheap doesn't mean that the rest of the world does. Keep your beliefs. |
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There are two types of taxes you need to worry about with Bitcoin.
The first is regular income tax. If you earn bitcoins by mining or doing any other kind of work, you must declare the market value of your bitcoins as earned income whether you sell them or not.
So you are telling that if i draw a great painting, i must decrale its market value as earned income, whether i sell it or not? actually, until you sell it it has no value. consider bitcoins under the capital gains rules and taxes due when it it converted to fiat. Technically, if you spend the Bitcoins you mined you would most likely be required to pay taxes on the fiat value of what you bought. as long as you keep your bitcoins bitcoins and don't spend them i doubt taxes would be required. |
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You completely ignore the reality that this is caused, largely, by the Bitcoin-qt devs refusing to make the client useful for ASIC mining!
This affects solo mining and, I believe, P2Pool mining.
I don't agree with much of what you say, but I wholly agree with this. p2pool runs like shit when you start pumping a few tens of gigahashes through it, even on a fast machine. Why? Because bitcoin-qt runs like crap, and bitcoind is only marginally better. IF bitcoin-qt/bitcoind were a lot more efficient, then p2pool would perform WAY better, and more people might use it. Currently it needs a fast machine to run, and it really is too much like hard work to keep it running nicely. p2pool only barely runs properly on an i3-3220 (dual core 3.3GHz) - I tried it on a slower AMD machine (Sempron X2 190, dual core 2.5GHz) and I was seeing 1-3s getblock latency. That's only putting 30GH/s through it. It is open source, rewrite it to do what you want it to do. |
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Because average IQ is about 100 and half of the people are below that.
Only dumb people say that.
The truth that everyone else seems to be skirting around. Lol Actually, I've always found the "50% of the population has a below average IQ" statement to be obnoxious and made by people who were mostly full of themselves although it was for them most part unwarranted. people forget that IQ is a Bell Curve so most of those falling below average are marginally so. |
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Getwork Server Reminder
As stated in the past, the getwork protocol is on life support (at best) for BTC Guild, and in approximately 2 weeks it will be shut down completely. I have already extended this beyond my original posts (stating it would close when it was less than 2% of the pool). Getwork will be permanently shut down for BTC Guild in early October of this year.
"two weeks" oooooh! the BFL school of scheduling! *chuckle* |
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why not just do away with pools all together? oh, wait then most miners would have zero income for most of the time. If not for pools, there would be a lot fewer miners. Stop trying to bite the hand that feeds you.
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No Paypal or Credit Card Payment option? forget it.
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only good for bitcoin mining.
Not true, You aren't thinking hard enough. |
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This is how its setup. Don't be hating on my MSPaint skills.   I got my 3 erupters in the mail early. Any they are BLUE! *Jumps up and down* I feel like a kid in a candy store. Thank you eleuthria. Side note: I have tried playing with ubuntu server and folllowed the instructions and it cannot see any of my erupters on the computer. I have tried that with 5 dlink hubs pluged into 1 dlink hub then plgued into the computer and no luck. 50 of thies little things are becoming more of a hassle. How do ya do it?  I'm running 51 on ubuntu linux. no rhyme or reason to my hubs, i just keep trying things untill they all work. I woke up this morning to half of them with green lights. It took rebooting the computer to get them all to come back. |
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did the accounts page just get modified? I no longer see any namecoin info, and it does not seem to show the difficulty/suggested difficulty anymore...?
I am seeing (or not seeing) the same... Anything official announced regarding these changes? We knew NMC was going away. It looks like Slush decided that since he is Autoadjusting dificulty anyway, He'd get rid of the selectable default. Kind of makes sense to me. |
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Woah!!! i just noticed an error on my account page saying that my NMC threshold is too low! I didn't change it but it is changed. I'm guessing that Slush went into manual override to empty our NMC wallets for us. Slush does exist!!!  |
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OK - I've got a serious problem here. My main-board just smoked two Raspberry PI's. One will no longer come on at all, the other will turn the red light on connected to an external source away from the m-board, but a couple of the chips on the RPi get extremely hot very quickly, to the point where they burn your fingers if you touch them. I know that's not right.
The chip that now gets so hot on the RasPi is labelled RG2. I have one other m-board and a personal RasPi that I'll try, but I don't know for certain that the replacement board I received doesn't have the same problem - I've never tried it because I've been running both h-cards in one main board - the one that just smoked the RPis...
hmmm... I smoked Raspberry tobacco, it smelled nice.  |
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gotta love the hash rate slowly getting insane....
I mean 68 this morning... 71 an hour ago now 72907.575 Ghash/s
wow... funny 2 months ago that would have made BTC Guild look itty bitty
I added 5 new Block Erupters this week and already they have been neutralized.  |
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