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The stats have somewhat of a delay for updating it seems, but they do work as far as I can tell, at least for the rewards.
Also wallets are working fine for me. I have cashed out a few times as well, I will try again later and will confirm if it still works.
Now that it's back up I'm getting far greater returns on it than i0guild. We'll see if that continues though.
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I'm currently only getting 30% stales on this pool, with a pretty consistent connection, which is more than I can say for i0guild at the moment. EDIT: and just as I go to hit "post" the pool and site seem to go down lol  |
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Every block is being listed as block 0, doesn't seem to be working perfectly?
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So IXCoin is off and running already, now I hear something about IOCoin? Perhaps someone could collect information about the coin forks in one convenient location? How they're doing, who is using them, why they exist, etc.
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Ultimately the better player will win. We can look at these competitor chains as our challengers, and we can only defeat them by becoming better ourselves.
Its not a case of being better. IXCoin is not in competition with Bitcoin. There's no reason the 2 currencies cant exist side by side as silver does with gold. A number of flaws with that analogy, silver and gold are not currencies. Silver and gold both have separate qualities that make them useful on their own (industrial applications and so on). Both have physical properties which make them intrinsically valuable, and are distinct from each other. None of these are true of Bitcoin/IXcoin, both are attempting to become currencies, they have no real intrinsic value aside from their suitability as currency (by design), and there is nothing distinctive between the two, other than the rate at which they are generated. Hence they are of course going to be in competition with each other. |
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Is there a limit? As far as I understand it, a qualifying hash is a qualifying hash, the only possible problem I could see would be in ordering the submission if they came in almost simultaneously, and maybe at the end of a difficulty period if one would be the last block of the difficulty and the next fell into a higher difficulty period.
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grod kinda beat me to it. I'd be happy to lay out 8.5% for both but now I look like I'm copying him  Network growth rate has almost reached a 14day average of 1%/day due to many 3day average of sub1% (and some sub 0%). If no crazy ass price swings happen I see no reason for this trend not to continue. Like grod though, I'm not saying nothing can change, if some big event occurs all that crap goes out the window, which I readily stipulate to. But for fun we can do 1990576 for block 141120. Your prediction I believe is 2130690 for the median. Well block 141120 is almost upon us, so the numbers look pretty much in. We were both wrong, but it looks like our side was closer again  ~1.81mil is what we'll be looking at. ~9% off for us, and ~16% for you, woo! Obviously somewhat nullified because there was indeed a huge price swing, down to $6/coin at one point, but still fun to look back on. I suspect with the re-rising of price the difficulty will not drop again, but will continue to rise and a sluggish pace. |
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From the point of view of creating an alternate currency, IXCoin is stupid and a clearly profit minded creation by the founder, don't bring up the bullshit about bounties, that's just window dressing. It is not at all advantageous to have a competing virtual currency when there is not yet any establishment for usage of any virtual currency yet.
From the point of view of a miner, we follow the money trail, bitcoin mining was created with that idea in mind, and ixcoin is taking advantage of the culture arising out of that. If it's profitable to mine ixcoins, why shouldn't miners mine it?
From the OPs point of view though, I don't think it's a bad idea for people to reiterate to the masses that are willing to listen that IXCoin is total nonsense, and far more of a runaway train than bitcoin, with nothing to provide anyone except more numbers, and even less likely to go anywhere.
So, everyone is right in their own regard.
EDIT: Looking at the numbers though it is currently about 1/3rd as profitable to mine ixcoins as bitcoins at the moment. So, good luck with that.
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I actually own 4 5830's and a kilowatt meter. Heavily overclocked 330+ megahash per sec the rig only pulls 880 watts. If you get a really good gold certified psu you'll be fine with 1000W. If you have a crappy psu you might need to lower the oc a little.
I have four of them in a couple of rigs and run them at 900/300 my meter tells me less than 700w, am using a Corsair 850tx version 2 with the rigs works perfectly fine for them. That seems a bit low even for a low oc. That's with 4 5830's? Either way it just shows 1000W is safe for any level of overclock. That is what the meter tells me something like 696 just enough under to say it is and yes quality single rail 1000w is way more than enough overkill in fact. 700 Watts read from a meter is wall-draw power, meaning the system is consuming significantly less. Even a gold rated PSU would be drawing closer to 600Watts at that level. As with almost all threads, the amount of wattage needs to be sufficient for the power draw, and beyond that the importance is to get a quality unit, more than more watts. I have 4 overclocked 5870s running comfortably on an 850Watt PSU, and I can say that I woul be comfortable assuming they consume 25watts more than 5830, so a good 750 would do fine if you underclock the memory. An investment into a $15 meter never hurts though. |
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Judging from the quickly increasing Ixcoin mining activity, it appears miners are taking on the challenge.
More likely they are raping the low-difficulty to stick you with a subsequent long period of no blocks made, like has been happening to namecoin lately. -MarkM- I like that suggestion. I might hop on board ixcoin to promote this, because the whole thing seems so stupid. |
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The website works for me, I just withdrew 8.9 BTC from BTCGUild, showed up immediately in my wallet as usual. I can't connect to the mining servers though, oh well, more MHash for my backup pools. Well at least it was more recent than I thought. I got a whole approximately 0.4 BTC locked up in there so they better plug the servers back in and yell at whoever tripped over the power cord lol. Btw I temporarily switched to deepbit, assuming that triple the GH/s means it's popular because it's better than BTC Guild. What the hell? Why do you people use that crappy pool?! Mandatory 3% fee! Only hourly BTC balance updates? Horribly insecure GET verification in their pages?! That place is an expensive, featureless, security time bomb! I want my BTC Guild back :-( Anyone know of a popular pool that doesn't suck that I can use in the meantime? EDIT: WTF?!?!?! They not only display my workers' passwords in plaintext on their site but also store them that way. That's fantastic. For someone with 100+ posts I'd expect you to be more knowledgable. most sites don't even check your worker passwords, because all that someone can do with it, is mine for you, giving you bitcoins. So why set a hardcore secret password in the first place? |
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Hey, where'd you get that bitchin' graph from? Anyway, I was wondering what caused that massive drop but was too busy to actually check. Anyone got the full scoop about this wallet drama that caused all this? Btw people, if there's some wallet insecurity from a trojan or website hack or exchange failure or basically anything else, don't immediately sell all your damn coins. That's never a good idea. Just put them in a wallet file you personally control, close the client, and encrypt your wallet in a 7z or rar archive with a password. That makes a lot more sense. Not that I'm complaining, cuz I made a lot of money buying and selling in that dip but THE MORE YOU KNOW, THE MORE YOU GROW! [/Public Service Announcement] P.S. when the US credit rating went down to AA, people dumped out of the stock market under the assumption that US companies would have a harder time getting loans from foreign sources and thus all US businesses would do worse from that point on. Then they put their money in T-bills as in US Treasury Bonds...which are funded by the country that just got its credit rating lowered...aka the rating of how likely they are to pay back bonds. Yeah, massive selloffs are kinda dumb like 90% of the time in any financial anything. I don't think anyone has the full scoop, lots of rumors going about though. Mybitcoin.com an online wallet for bitcoins, suddenly went offline. Either it was hacked or the owner took flight, no one really knows. People assume that either way the mybitcoin.com wallets got dumped on the market dropping price like crazy. I personally imagine that the US credit dump hurt a lot of speculators and investors, and potentially what seemed like a fun little profit game, bitcoin, seemed suddenly less fun and perhaps a lot of them dumped out as well. As for the rest of it, I dunno, but as with many things the plummeting of price scared off many miners. They're probably be back if and when the price stabilizes and/or increases. For now though I expect a difficulty decrease and afterwards to either remain there or decrease even more. oh and the graph comes from http://bitcoin.sipa.bemy favorite tracking site. |
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Hi, my name is variance, pleasant to meet you. Seriously though, bitcoin block finding varies by quite a lot. But yes, in the past 2 days the price dropped below $6/coin, a huge panic and all kinds of turmoil over some online bitcoin wallet, etc. I wouldn't be surprised if a lot of miners closed up shop. This isn't exactly shocking. Read the thread about the next difficulty change being a likely decrease and people excited over it. Bitcoin is having a hard time right now, we'll see what comes of it. A nice pictograph of the mining situation:  |
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dry ice is actually a common cooling method amongst performance overclockers however. There are pre-made and DIY DICE-pots (dry ice) available and they do give superb performance. However they are probably not cost effective as mentioned, compared to say, running a fan, though it's not really *that* expensive. $1/pound is easy to come by for even a modest customer, and that's a fair amount of dry ice really.
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Must be nice where you live, my bill which used to be ~$20/mo runs around $580/mo now. For ~14 GPUs |
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It looks like people turned their miners back on. No matter what the difficulty changes to I'm pretty sure we can all agree it will be a very insignificant change. On the bright side we can look forward to around 20 more days of the same difficulty.
No, as I explained above, this was only a variance blip. Seems another picture is in order. I'm not 100% sure why your quoting me. Unless you think there was 6 days of bad luck people did shut off there equipment. It looks like its going back to what the difficulty is currently though hence me saying people turned miners back on. Every other comment I made is true though. We can expect insignificant changes to the next difficulty and that means around 20 days with no real change in difficulty. There is no evidence of people turning on their rigs in the past 24 hours. You see a huge spike upwards, then you see a tremendous fall back downwards. What you can extrapolate from that is... not much, other than that variance can be quite crazy. Let it smooth out over the next day or so to get a better picture of where things are at now. I agree there will be a minor shift in difficulty, though I don't consider a drop in difficulty insignificant, from a resource gatherer perspective, if we indeed see one. BTC Guild has had +32% luck for the last 24 hours, but unknown miners solved 5 blocks in the period it spiked as well: http://pident.artefact2.com/moreThat is unusually many, so it seems likely that someone with a lot of mining power did some solo mining for a few hours. Not sure how you arrive at that conclusion. What is the motivation for someone with "a lot of mining power" to turn it on for a few hours, solve a few blocks and then turn it off? For a sense of what that suggests, 4TH/s is the equivalent of about 10,000 radeon 5870s, or 5,000 6990s. Who turns that on for a few hours? It's actually much more likely that a buncha people got really lucky for a bit. BTCGuild was at -32% luck and then jumped to +32%, deepbit was solving blocks as fast as 5minutes at a time, slush probably did well too. Some unknowns found blocks. It's just variance. |
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It looks like people turned their miners back on. No matter what the difficulty changes to I'm pretty sure we can all agree it will be a very insignificant change. On the bright side we can look forward to around 20 more days of the same difficulty.
No, as I explained above, this was only a variance blip. Seems another picture is in order. Blip goes up, blip goes down. /thread. Nothing new in this thread, no billion new gpus came online, no asic farms. ASIC farms are more or less unrealistic still because no one has the confidence in bitcoin to make such an investment. $100 million dollars in GPUs would take over the bitcoin network with ease ("electrical costs" are marginal). The only way asics make any sense is long long long term, and does anyone have that kind of faith right now? /thread |
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I want to be annoyed by this continually repeating cycle of people seeing a spike in calculated hash rate and crying "FPGA! ASIC! SUPERCOMPUTER!" but this spike is actually surprisingly unusual. I'm going to sleep on it though before I wet my bed in terror. We'll see where the hash rate lands in the morning. I'm still guessing that it will fall back to the 13thash territory, but hey, go ahead and surprise me.
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Probably just the variance coming in to play. Down to 11THash up to 16THash down to 12THash. There are tons of spikes all the time, they're very rarely actually indicative of lots of new hash power being dropped on the network. |
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