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881  Bitcoin / Mining / Re: So now we know where the mining surge is coming from... on: June 23, 2011, 10:16:30 AM
bitcoin is not untraceable. if you think that, you're a tard. no less traceable than a prepaid visa.

How do you track a prepaid visa? Point of sale (kiosk, online, etc.. Unless dealt in person by proxy buyer like a homeless man, etc. in which case untraceable)

How do you track someone who spends bitcoins he has just freshly mined?

You don't. Only BTC with a history can be traced somewhere. BTC that simply originate from a block and reside in the miner's wallet but have never been moved, have no "identity" nor can it's owner be identified.

The owner could even move his wallet in encrypted USB sticks, sell and buy them, and nobody would ever know until they are spent or sent to an exchange, etc.
882  Economy / Economics / Re: When do you expect and when do you want BTC to go over 30 bucks again? on: June 23, 2011, 10:04:22 AM
We need the client software to become better developed, more secure and it to show 0.000001 BTC as 1uBTC or something. Humans will not accept buying shoes online for .000060 BTC, it needs to be 60 uBTC.

It still sounds too arbitrary.
With all due respect to the community, there are far too many autistic ideas thrown around that will never gain mass acceptance.

It needs to be something the common man/woman can identify with, like "bitcent". A hundred or thousand of those could be a "bitcoin".
To have widespread use for BTC, the infrastr. needs to be developed for someone who can turn on the computer, surf the web & understands how to download bitcoin and obtain a wallet, but not much beyond that.

Because that's 99.9% of the world's (internet) population no matter how superior some Unix geeks want to feel. We need to think about the demands of the larger market for BTC to succeed.

One of the best ideas is physical Bitbills, the owner has done a really good job with it. That's exactly the kind of stuff Bitcoin needs to get visibility and acceptance.
883  Bitcoin / Mining / Re: 6 blocks an hour my ass! on: June 23, 2011, 09:44:39 AM
Difficulty increases are across the board, whether the new miner with one 4650, or the super miner with 20 rigs of 4x 6990s. Everyone will be affected the same.

No it doesn't. Assuming conservative price rises in the future per BTC, there is a difference between your earnings dropping from $20 per month to $1 per month, or from $19,500 to $975 per month.

For the guy with a 4650, he is just wasting his time in September. The guy with 20x 6990 is still earning way above the cost of electricity so it pays off to keep going for at least a month or two, maybe more.

Quote from: Departure
because supply never gets any lower, it is always there X amount of bitcoins on the net.. it is NOT a consumable

Have you ever heard of transaction fees?
There is only a limited amount of bitcoins that will ever exist (21m) yet transaction fees slowly eat them up as well. Which means there will be less and less of it to pass around as the years roll.
884  Other / CPU/GPU Bitcoin mining hardware / Re: Any place that x6990s aren't sold out? on: June 23, 2011, 09:09:30 AM
You mean these?

No, I mean these



Hint to OP: Talk to importers directly, best chance at getting ahold of any, bar the $1,000 ebay pieces.
885  Economy / Trading Discussion / Re: Mt Gox TO Euro Bank Account - Longest Waiting on: June 23, 2011, 09:01:40 AM
1 wire arrived to the bank this morning so they are processing withdrawals even during the outage.
886  Economy / Trading Discussion / Re: MtGox going to charge for 2 step authentication! on: June 23, 2011, 08:53:13 AM
Tradehill

Quote
International transfer fee: $45

A bad joke? How are they going to compete with Mt. Gox which has free withdrawals?
Sending a wire doesn't cost nearly that much from anywhere in the world nor is it justifiable in spent work time (since a transfer only takes less than a minute to fill out online)

Once the new Mt. Gox site is back up again with SHA-512 encrypted passes, even "security" will be a bad reason to switch.

Tbh, all I ever see is poor referral link spammers promoting Tradehill and hoping people will join it so they get 10% commission.
887  Economy / Trading Discussion / Re: Looks like they may have found the MtGox crooks? on: June 23, 2011, 08:51:15 AM
Where MTux lives wouldn't have anything to do with who issued the warrant/raided the hackers, the servers are located in the US

No, Mt. Gox servers are located in Japan. Mark Karpeles also owns his hosting company, Kalyhost.
Far as I know, Tradehill uses it as well.
888  Economy / Trading Discussion / Re: About Mt. Gox flaw from a security expert on: June 23, 2011, 08:44:35 AM
So much hate in these posts.... I bet most of the people here are unemployed and unemployable....

What is your work experience in the security field?
What academical qualifications do you have besides googling concepts?

Who can vouch for your skills or known projects in any white or blackhat forum?
Do you know anything at all about programming a secure site or platform?

If you can't answer any of these questions then you're just another video game playing kid
in his mom's basement who was overwhelmed by 2 books on programming & tries to be something he's not.

It might work on your senile parents but you are in the real world now.
889  Economy / Trading Discussion / Re: Camp BX - a new US-based exchange - on: June 23, 2011, 12:57:59 AM
In case someone doesn't want to watch a retarded ad placed by the poster above to earn some fractions of a cent:

http://forum.bitcoin.org/index.php?topic=20777.0
890  Economy / Trading Discussion / Re: About Mt. Gox flaw from a security expert on: June 23, 2011, 12:43:51 AM
Why are you calling yourself a security expert?

Do you have some work experience or public credentials besides a neckbeard and an old laptop?

This thread is some hilarious stuff. In a nutshell, he just keeps googling things he has no idea about.
Someone should save it in case he starts deleting his posts in embarrassment
891  Economy / Computer hardware / Re: FOR SALE: PCIe x1 & x16 Extender Cables, Mining Chassis & GPU Dummy Plugs on: June 23, 2011, 12:28:02 AM
PCI to PCI Express Adapter Riser:
*Your card will run at full speed for mining, and you may use a PCI Express Extender cable with this riser! Perfect for those running out of slots.


Wow. Didn't know this is even possible. That is phenomenal.

Too bad I already ordered different stuff from your site.
892  Economy / Trading Discussion / Re: MTGox vs mysterious Russia on: June 22, 2011, 11:21:16 PM
I think at least until we have multiple large stock markets mtgox needs to try to be distributed too just as BTC maybe Fortigate with load balancers .. cloud data centers across the globe ... One thing people love about BTC is that it is (DISTRIBUTED) even more than being anonymous .. and the DDoS/hacks we seen in mtgox is such a proof along with the governments games with their currencies.

The closest I can think of for a URL to be distributed is cloud hosting with load balances and different data center across the globe.

It doesn't help.
Russian criminals have some of the biggest botnets (multiple gbit/s downlink) that can even bring down sites like Twitter & Facebook at the same time.

http://www.pcworld.com/article/169809/twitter_ddos_attack_politically_motivated_says_report.html

Note that Facebook used some of the highest bandwidth servers in the world during the attack.
It still doesn't help even with attack patterning.

A site such as Mt. Gox has no chance to survive even if an attack with just a fraction of that, or 5-10k connections TCP flood it.

Most small to medium sized companies will pay protection money to stop the attacks coming because they lose more in business daily than they would pay the attacker.

The problem is that this opens you up for frequent extortion because you already paid once.
I don't think Mark considered the option of paying $7000 as requested earlier.
893  Economy / Trading Discussion / Re: Mt Gox TO Euro Bank Account - Longest Waiting on: June 22, 2011, 11:12:00 PM
My transfers are still pending for 10+ days now.
894  Bitcoin / Mining / Re: Holy Hash Power Batman! on: June 22, 2011, 01:56:41 AM
That's really strange. The 7 day average is between 7 and 10 thash/s.

Who has a mining cluster worth 3,000 ghash/s or nearly the entire size of deepbit (the largest pool in all of bitcoin mining)
Why did it only come online in the last 12 hours, instantly?
895  Other / Obsolete (selling) / Re: Malwarebytes Keys 10 for sale, 0.1 bitcoin each. 3 KEYS LEFT on: June 22, 2011, 01:45:35 AM
The OP looks likes genuine guy offering this sale but dont forget there is keygens available so searching for a key on google doesnt mean much.

Malwarebytes keygens mostly just rehash keys found online. They don't calculate unique keys.

Hence it can be assumed all keys are generated server-side in advance and are random,
not based on any mathematical algorithm & thus not crackable (unless stolen from the server).

Quite similar to some online subscription-based MMOs, which cannot be cracked because serials are stored on the main server & have no logical consistency (and are unfeasible to bruteforce due to length)
896  Other / Obsolete (selling) / Re: Selling compliments on: June 22, 2011, 01:17:18 AM
Can I hire you to write Chinese fortune cookies?

Phrases must be in broken Engrish.

Must uplift the mood of customers; fat ladies and gentlemen who overindulge in gastronomical delights,
such as deep fried duck, bacon-beef-lobster rice cake, and "great walnut of China" - 3ft wide chocolate bar .
897  Bitcoin / Mining support / Re: 8500 GT not showing up in GUIMiner... on: June 22, 2011, 01:08:53 AM
The card has too few CUDA cores to be worthwhile for mining.

It will generate about 2 ½ mhash/s, i.e. you will be spending more on electricity than you will earn mining.
In fact your processor might be faster.

At current difficulty level you will earn 0.09 bitcoins in 1 month or about $1.31 dollars.
At next difficulty (1.25 million) you will earn 1 bitcent per week, or 4 bitcents per month (under 1 dollar).

It's best to leave it as a HTPC card for movies, light gaming etc.. And get a radeon 5-series card for mining.
898  Bitcoin / Bitcoin Discussion / Re: Putting Bitcoin on forex on: June 22, 2011, 12:58:55 AM
Forex markets have gigantic liquidity, with volume in the trillions of dollars per 24 hours.

Even relatively small hedge funds and investors with $200m-1bn dollars could play the currency like a fiddle
and reap substantial profits daily over huge fluctuations that would be a mere pipe dream with established currencies or metals.

Probably not the best idea at this stage.
899  Other / CPU/GPU Bitcoin mining hardware / Re: Do not buy a 5830 for $160. It's a blatant ripoff. on: June 22, 2011, 12:32:32 AM
Then again, a beginner might compare a 5970 to 6970 and wonder why 5970 is so much faster, without realizing it's actually a double gpu and a predecessor to the 6990.

AMD messed up the naming scheme with the 6-series. It's extremely newbie-unfriendly.
Would it make sense that a new Radeon 7870 was weaker than a Radeon 6830 (both nonexistent as of today, just using examples)

Because that's how it looks like to an ordinary person. The 5830 is actually a bit faster than 6870.
But the only thing we can do is educate miners through hardware comparison lists.
900  Other / CPU/GPU Bitcoin mining hardware / Re: Do not buy a 5830 for $160. It's a blatant ripoff. on: June 21, 2011, 11:29:31 PM
He's specifically comparing the 5830 to a 6870 and making a suggestion to not buy the cards $50 overpriced which is close to the same price as a 6870, which is a superior mining card.

6870 is about equal in power or slightly slower than a Radeon 5830. It does 'theoretically' hash faster - if you are willing to establish a ridiculous overclock that will kill the card in months.

At stock clocks, 5830 is about 10-20 mhash/s faster. I think you are underestimating how powerful the 5800-5900 series cards are. They rank second only to 6950/70's, and the king 6990.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

Given that most 6870's cost about $199 now, I wouldn't say it's a bad deal if you can get a brand new 5830 for 160 bucks.

It's a bit of a stretch though, given that I've seen sales of new Sapphire Extreme 5830's $109 per card just recently.
160 bucks is definitely not a fair market price, but if you need a good card fast then go ahead.

And I definitely wouldn't pay $160 for a used piece.
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