Evidently not.

And lol @ the OP making two more posts after his first & last. 

Honestly, I think we should implement a maximum difficulty readjustment time period.  A difficulty increase or decrease could happen between 0 and 14 days, depending on how much of an increase is projected, but should take no longer than 14 days.  I see no logical reason that this shouldn't be implemented, aside from the inconvenience of not being able to know exactly when difficulty changes took place based on a block number and some calculation involving 2016.

The threat posted about by the OP is very real.  If we had a sudden drop to $0.25, however unlikely that may be, nearly all mining activity would cease, and it could be a year before the next difficulty change.

1.  No.  Nothing is greed-proof.  Ever.
2.  Not really.  The best way I can think of is to manipulate the market by creating a bunch of variance and causing investor confidence to drop, and thus a drop in the price, but doing something like that could hardly be called profitable, as there would also be a good chance of the market manipulator losing a good deal of money trying to do that.

And in response to your 2nd post, the coins don't decay.  Why is having some savings a bad thing anyway?

Here's 300,000 of some of the same coins that were sent around on May 21/22.
http://blockexplorer.com/address/1EeT96B4ri5N496ze8rJnkCNdmtgeGYpgf

This is probably in the thread somewhere and I just forgot about it, but once all of your own shares are "paid off", what will the payout be to investors?  Is it just a 50/50 distribution of profits between yourself and the other shareholders?

0% fees = 100% payout.   

Deepbit pays out more than 100%, but less than 103% (101% to 102.7%), so it's still not as good as a 0%, straight-forward pool, statistically.

I had almost 5 BTC for a 24 hr period from BTCMine.  With deepbit, the most I saw at the current difficulty level was 4.45 BTC.

*shrug*

YMMV.

Completely forgot about the minimum payout - it all makes sense now.  Thanks a bunch!

Maybe we should compile a list of all of the known websites that are using this?

Thanks for taking the time Nythain, I appreciate it.  One question - what is the difference between Confirmed bounty and Total payout BTC.  Why would I not have the confirmed bounty paid out immediately?

The way you describe it though, I can expect all of the BTC in my Total Bounty (which is indeed unconfirmed + confirmed) to eventually make it in to my wallet, it just has to be confirmed and paid out?

+1

I'm not very observant, but if I see ANY website sucking up my CPU without my consent, I will not be back for a second visit.

Can someone tell me what the various statistics mean?

Round - What does a round consist of?  Just the time between blocks that are found by BTCmine?
Estimated score
Round shares
Average hashrate MHash/s

Bounty
Estimated bounty BTC -
Unconfirmed bounty BTC -
Confirmed bounty BTC -
Total bounty BTC -

Treasures
Solved shares - Makes sense
Solved blocks - Makes sense
Total payout BTC - Makes sense

I would, but you'd have to pay me for it. 

Dang, I had no idea thermal paste could do that!

Haha, good thread.

I was trying to figure out why one of my 5830's said fan speed was at 100%, but the temps were 90-95c and RPMs was just -.  I thought the sensor was broken for RPMs.  A little more investigation revealed that the card was being severely throttled (down from 800 to 600 or 300mhz).  I stuck my fingers into the fan, because it was too close to the bottom of the case to see if it was actually spinning or not, and to my dismay, nothing.  It was also almost impossible to turn.

Turns out, the PCIe extension cable I was using for my 3rd 5830 in the case was caught in the fan of the 2nd 5830 in the slot right above it.  I took a screwdriver to it while it was still plugged in and managed to bend it out of the way of the cards.  All cards are working well now. 

Deepbit's hashing power is now 1251 GH/s.  I think it was around 1600GH/s before the downtime.  So about 22% of people moved on to other pools?

But if house prices are lower, then not as many will be built.  Which will drive the prices higher.  Or lead to a permanent deficiency in supply.

On the note of houses though, if bitcoins became the only currency that was used in the US, you could buy a house for what, 0.10BTC?  


I doubt you would find anyone willing to give you interest on a deflationary currency that they can't loan out in the first place.

I wasn't talking about miners - I was talking about real-world businesses.  There will come a point when miners will not generate enough bitcoins to put any real liquidity into the market.

Lol @ Esau.


You can definitely tell that deepbit went offline by looking at the difficulty charts. 

I agree with the OP.

A deflationary currency would result in very little loaning and lots of hoarding.  It remains to be seen whether an economy could actually survive in such an environment.  Yes, it would be great if everyone saved more.  But saving more also means spending less, which means fewer people buying the farmer's goods, or the clothes that you make, or whatever else.  This, in turn, forces business owners to raise prices to stay in business, which ultimately means you will get less for your bitcoins.

The more times money can exchange hands in a given time period, the better.  It drives prices down and helps make things affordable for everyone.  Deflation means that money will exchange hands much less than in our current economy, and that COULD have dire consequences on the economy.  Lots of lost jobs, etc.  But we'll just have to see what happens when we get there, if we get there.

Deepbit just announced a decrease in their PPS fee for a few days as compensation for the recent outage.

Everything seems to be working now, but pool hash rate is down to 680GH/s.  It'll be interesting to see how much it recovers to original numbers.