I'm working, I swear!!!  I'm coding as fast as possible, and nothing against you personally, it's just I don't like coding over someone else's code all that much. I have enough coding from other people to deal with as is, so, adding to it will be more than I'd really want to do. Perhaps when I get done, I can give you mod on our forums, which also needs to be put up still. If you like coding, you can mess around with Xenforo and change the styling, etc.. Plus, I need to get to know you of course  But I promise, I'm working as quickly as possible! Current Breaks: -1 Coffee per 45 minutes. -1 Cigarette per 3 hours. -1 Bathroom break per day (MOM BATHROOM!) j/k had to throw that one in there  -0 Sleep breaks per day. To be honest I'm not entirely sure I'm up for xenforo... I sort of philosophically oppose the whole idea of social media in general... I'm actually quite a minimalist. In addition, I'm an ass - so I doubt you'd want me as mod on a forum... just to prevent the eventual meltdown/abuse of random forum users. But like I said, if you needed a host or wanted a backup server or something I've got hardware and bandwidth sitting around doing nothing. Or even if you'd like a second set of eyes when it comes to development goals... I'd love to look at code and suggest optimizations. |
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Firefop : still mulling over my reply, I understand what you are saying and I agree tentatively. My largest concern is that I just cannot use BTC to cover any of my overhead, ESPECIALLY shipping. I'll sell you almost anything off that page for around 50-70% listed price in USD, and in a way I AM charging a premium for taking BTC. This may not be fair but, again, I'm terrified of BTC. I'd accept face value BTC at current price if I could get purchasers to pay USD for shipping, gladly. Still.... considering. Because I don't plan on 'cashing out' my BTC I'm somewhat insulated from market manipulations... except for the cash overhead in shipping costs.
Hm - looks like we might find a middle ground. How about - 95% of usd cost on site... paid in btc... (marketed as a "5% discount for purchasing with btc) - and then the customer (in this case me) pays full shipping cost using fiat (credit card or paypal or whatever you'd prefer). What I've suggested above could be integrated into the website to allow automated purchases. You'd effectively get the BTC upfront and then post a bill for the shipping (after you've assembled and weighed the package of course) - you'd be more protected this way. and would also be able to turn a better profit. |
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I have no idea about how to rig. How much would it be for that? would you recommend 7990x1 or 7920x2?
7970x2 and 7990x1 are the same card... It's basically a single slotted card with double the 7970 hardware on it - doing internal crossfire. the problem is AMD didn't make a reference board for the 7990. . . so the video card companies are making their own. The only reason to specifically get these cards is they're top of series - and will hold value much longer than others in the series. what's your over-all budget for the whole thing? Let me know and I'll get you a quote on what it'd cost to put together. |
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I don't think your math is right. Currently there are roughly 7200 bitcoins generated per day, if 10000 equal powered asics were to compete (disregarding everything else), that is less than 1 bitcoin per day per unit.
And given the reward drop, it's going to be less than half a bitcoin per day before these ship. So you're looking at 10+ years at current rates to break even.
It's possible... lets check: here are my numbers for a current BFL mini-rig. Total Hash Rate:25000 MH/s @d= 2864140.507811 Average time to find one block: 5.70 days Average daily revenue: 8.77949578 BTC ($111.68) Average daily commissions/donations: 0.00000000 BTC ($0.00) Average daily electricity cost: $10.08 (0.79245345 BTC) Average daily profit: 7.98704233 BTC ($101.60) vs SC rig after 40x difficulty increase Total Hash Rate:1500000 MH/s @d= 114565620.31244 Average time to find one block: 3.80 days Average daily revenue: 13.16924368 BTC ($167.51) Average daily commissions/donations: 0.00000000 BTC ($0.00) Average daily electricity cost: $12.60 (0.99056682 BTC) Average daily profit: 12.17867686 BTC ($154.91) Please use the calculator of your own choice. . . |
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Right, but you're a dedicated miner with disposable income (or at least this is my assumption). What I'm saying is that the bar to entry has been raised for the average joe-shmoe, which makes it that much more likely they won't develop the same interest in bitcoin mining as me or you.
Granted - but I think the trade off there is we'll start to see new investors backing bitcoin based businesses... due the increased hash power and much greater stability in the market side. I'm expecting the transactions per block capacity of the network to increase quickly once asics are in the wild... and that should start opening doors to let bitcoin compete with existing payment processing networks (bankwires, western union, etc). It should start an upward spiral... the faster the network, the better chance of getting outside money to build a POS system or some service leveraged through existing market penetration --- which would lead to more transaction fees being collected which would help offset the increase in network hash rate (from a mining perspective) and on and on... eventually making mining profitable for the transaction fees, nevermind the block reward. |
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Absolutely not.
You can't punitively punish someone and expect to keep your integrity as a business (or as an industry leader).
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Be careful not to violate any fair credit collection laws.
You know - someone should look into this - I'm betting there are a few of the less reputable collection agencies who'd love to make his life hell. |
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Received refund this morning. Good luck suckers lol
Good Luck to you also sir... ...just don't expect anyone to care when you're whining about long your wait is after BFL ships before the end of year. |
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Yes. Thanks for the information, I didn't realize it was going to be so flawed. But working to making a somewhat unique pay system.
+1 to you sir!
Work faster!!! I want a better pool to mine at =P Come to think of it - if you need a code monkey (or even a partner) I'd be happy to donate my time or buy into the operation. I have a few real assets I could commit to operational stability... like 100mb down 50up connection and a (soon to be) empty server. |
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I'm still not convinced that the 21mil bitcoins would ever need to be expanded.
We'd be talking about ~1,666,666 USD per bitcoin before we'd even have to consider moving the decimal place.
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It s going to be an exciting next half year in miners land, block halving, ASIC delivery, total hash power due to testing ect.ect....  Absolutely. The really brilliant thing about the ASIC release timing... is that it's very close to the halving. If bitcoin survives (and I expect it to) there won't be much instability for 4 years. . . That's plenty of time even for non-technical investors to measure ROI and decide to invest... and the more people with vested interest (especially venture capitalists) the sooner we'll get a mainstream produce like a POS (point of sale) system that could really make bitcoin thrive. Imagine if we you could do global money transfers via bitcoin through some device at your local 7-11. That would make a killing for whomever developed and the transaction fees would legitimize mining even without a block reward. |
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I've been playing around with mining higher difficulty shares --- I think your multiplier is broken- as going to d=4 cut my earnings by ~25% --- at d=8 it was ~80% reduction. Simply seems like there's no increase for accepted higher difficulty shares.
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- All startups selling mining ASICs either directly or access to them are scams.
- Almost all GBLSE assets turn out to be a Ponzi or is only proftable as one.
- Major exchanges sell fake BTC or buy BTC with fake USD.
The fact that EVERYONE isn't operating on this assumption already is of utmost concern to me. People are so blinded by their greed that they have forgotten all of the evil entities that prey on any new technology. People are so quick to hand their money over to some mostly anonymous person they met on the internet. And we're not just talking about bitcoins either. Bitcoin related scams are sucking up real cash just as much as they are sucking up bitcoins. Make money slowly is the method that all good advisors recommend. The time to be an early adopter has come and gone and bitcoin is now in the make money slowly phase of it's life. A skilled speculator might be able to game the system but greed gets those peoples money too. Mining has followed the make money slowly model for a "long time" now... ASICs may indeed come. I hope they do, I would like to own at least one. But I don't believe the profits promised are realistic. It will still be a make money slowly situation and anyone who tells you differently is probably a liar. I don't want to be first in line to own one thats for sure. I'll sign up for a free FPGA any day of the week though and I don't care what sig I have to wear to get one cause I'm only slightly less greedy than the next guy. Mining hasn't been about 'make money slowly' ever since gpu mining hit. If you showed me any other investment where you could reasonable expect a 99% to 119% yearly --- when purchasing hardware that will retain 60%-80% of its value over that year... well... I'd call that investment 'get rich quick' too. |
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Zeus is not compatible with Linux, and most malware isn't either, because Windows is fail and idiots use Windows (double fail)
Most malware isn't compatible with linux because the vast majority of users use windows. Creating a botnet with linux bots isn't harder than targeting windows machines but the turn over won't be as great. Also most desktop linux users are poor communists so it's not worth stealing their financial details. Exactly correct, the reason there isn't much malware development for osx or linux is because the market share just isn't large enough to make it profitable. I know because I do virus removals for my living. Average day I get ~10 pcs 2 macs... about once every 2 months I get a linux user who I get to laugh at and say "just nuke the box". But I do have to say this, the vast majority of infections are detected by AV like norton, trend or kapersky. All of the potentially useful malware is well defined and nearly impossible to hide. Most of my business comes from people who were informed by AV that a virus was found and removed. Then it's a 20 or 30 min thing for me to remove the source (whatever trojan/dropper/rootkit) they've actually got. And that's if I have to manually track it down and kill it use AR/PE/HJT. in the vast majority of cases TK and MBAM catch everything. Additionally, most AVs now monitor performance, and would alert the user if resources had high usage. Heck it took the AV community (and virus removal techs specifically) all of 2 days to identify Zero.Access, a week later it was defined, and a week after that we had a reliable removal process pushed out to every av source that matters. TimeTillDeath on your average botnet (remote administration tool) is a few days or weeks at best. Assuming the user had an AV installed first. |
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MX2 is pretty difficult to apply properly. Its almost like chewing gum. I would suggest you switch to MX4 which is (marginally) more effective, but more importantly, very easy too apply,.
Chewing gum? I don't why yours is that thick. I use MX-2 all the time (prefer it over AS5 which is thicker). I wouldn't mind trying MX-4 if it weren't 2-3x more expensive. Yes, MX-2 has always been... about the consistency of taffy. First thing I had to do was get that junk off my BFLs and apply AS5. |
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Don't bother buying FPGAs right now at all (unless you're going bfl and getting the upgrades purchased at the same time).
I'd look at picking up some 7990 ( or 7970x2 ) cards. Should be able to get between 1gh/s and 1.4gh/s. Then run them until asics are out and the difficulty shoots up - at the point where you see a 50% loss in btc generation, then you should sell the cards (should have held 80-90% of value) and purchase asic product.
If you'd rather not rig them yourself --- let me know - I'd be happy to assemble, custom cool, overclock and ship to you.
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Here's a thought - nobody offers PPS with dynamic difficulty yet... It can't be any tougher to implement than dynamic difficulty DGM...
I fully support this idea! |
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The big change I see coming is newer miners wont be able to jump in and try on existing hardware, mining has brought a lot of people to Bitcoin, soon they will need to buy dedicated hardware to participate.
You bring up a very good point. Given that most tech savvy individuals (really anyone with a computer) have some sort of graphics card in their computer, it was super easy to get into bitcoin and mining. Most participants I know in my [real] life tried out mining just for fun with the hardware they had. At the rate we're going, those same individuals probably wouldn't find the same interest in bitcoin once they learn that serious miners have to dedicate their money to certain hardware. It's one thing to invest in a high end graphics card that can serve a purpose besides mining, it's a whole other game when the hardware can only do 1 thing. I understand what you're saying, but I don't think that you drew the correct assumption. As a gamer, if I'm willing to drop 400-600 bucks on a new video card every time one releases, I shouldn't have any problem buying hardware in that same price range if I want to mine.... I could still see some fractional generation of btc as from a video card to 'test it out' enough to decide to buy hardware or not. At some point it becomes a way to earn vs a hobby. And I'd rather spend on a product that will let me game while mining... Instead of having to choose between income and gaming time. |
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You forgot to factor in block halving pretty soon and at a minimum, double the difficulty.
I did factor in block halving and I increased difficulty ten fold. My most conservative estimates are 20x (and that's just based on BFL) it's looking more and more likely that by first quarter 2013, we'll see 40x difficulty - assuming that other producers ship on time. |
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Yah I wouldn't bother with buying a Q#, unless you can get it for cost or lower. I heard BFL has a pick&place now. That should mean they can make hundreds of units a week if they needed/wanted to. Just order it direct if it makes sense for you to do so. It makes more sense the more money you can afford to spend on it. But of course, the more you're spending the more likely you are to wait until product is tested in the wild. |
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