P2pool fees (wich are exactly 0) won't change  0.5% actually. The block discoverer gets that, don't forget. That's not a fee. A fee means the expected value of a share is (1 - f)*B/D, where f is the fee fraction, B is the bitcoin reward, and D is the mining difficulty. The expected value of a valid share on p2Pool is exactly B/D. No fee. The block discoverer still gets 0.5% of the block, so it's 0.5% less for the miners, so it's the same as a pool with fees of 0.5%. It doesn't matter how you calculate it, in the end it's what comes into your pocket that matters. |
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I'm confused.
When are the first 300 units were shipped? In December or in February?
I have read on the Avalon side, only 10 samples are produced in December.
none of them will shipped in December or February. sample is only for Demonstration purpose. maybe we will give some for them to some random customers for free, but there is no guarantees here. When is the first shipment of the 300 units gonna happen? |
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Can't wait for ASICS so I can park them on this server Something tells me I better get the server ready for some big miners.  perhaps worth just setting the frontend to reboot every so often until you resolve the issue - it seems to go down quite a lot.
I fixed the memory leak in the mining backend. Hopefully it can sit there for a while now without requiring any more restarts or work. Made some changes just now to the web application as well. Hopefully it will fix the issue with it locking up. If there is still a problem I'll have a look at writing a script to detect when the website is unresponsive and automatically restart it. Was the memory leak coming from the 0.7 bitcoind daemon? |
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Ok I thought that could be fun. No deal then.
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P2pool fees (wich are exactly 0) won't change 0.5% actually. The block discoverer gets that, don't forget. DrHaribo is also right, p2pool has one hell of a high orphan rate. |
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We could just do it like that. On Feb 1, 2013 UTC whoever wins messages the other. 1 BTC is fine, really.
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In the next six months difficulty will gradually increase to 34x. After that the 2nd generation of ASICs will arrive and nobody knows how they gonna perform.
Wrong. In the next six months the difficulty will increase 475x. Oh I'm sorry, I thought we were pulling random numbers out of our asses. |
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I will remember it. 1 BTC is good enough. I'm not that rich lol. |
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Would you like to place an escrowed wager on this? I will bet you 100BTC at 1:1 odds that the network hashrate will be less than 500TH/s before February 1st, 2012 (UTC). That's an increase of almost exactly 22.3x the current hashrate; if you were confident it would raise 30x before this announcement that should be easy money for you now that ASICs are all announcing a 50-100% increase in GH/$.
I'll bet you 1 BTC. Someone reputable wants to witness/take note of this?
You better look at that year again, he's already won! 2013-02-01 UTC.  |
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I'll bet you 1 BTC. Someone reputable wants to witness/take note of this? 500 TH/s I win. Less than 500 TH/s you win. 2013-02-01 UTC. |
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Hello,
Namecoin (NMC) seems to be doing poorly lately. What are the uses of Namecoins? Bitcoins laundering?
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In the next six months difficulty will gradually increase to 34x. After that the 2nd generation of ASICs will arrive and nobody knows how they gonna perform.
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I did some rough calculations based on our sales figures and at least for the case of BFL, we will not cause a 10x increase. I can't speak for the other manufacturers numbers, of course.
Keep in mind that Inaba is employee of BFL, and that BFL has made huge investments in their chip, so they won't tell you that your expected profit will in fact be a little less. My calculations are as follow, and I take them as a worst figure: Currently if someone wanna start mining, the best MH/s/$ he can get is with a single (end product of the FPGA generation) at 1.38 MH/s/$. A little less if we take other FPGA products, a little more if we take into account the minirig. With the ASIC generation, as a first product of this generation, we have the single SC which gives 30.79 MH/s/$. A little less if take the Japaleno, and a little more if we take the minirig SC. But if look over at competition, this time BFL has not the best MH/s/$: the Avalon for example, at least for the first 300 units, offers 46.19 MH/s/$. This is worrying because it's for a first generation product. I expect that in 2013 the second generation of ASIC will increase well over 40 MH/s/$. Simple math then: 40/1.38=28.99 The difficulty will effectively increase by 30x in the next six months. 1) The best MH/s/$ is not the Single, GPUs still hold that distinction as you can build a full 5x7970 rig for under $2400 (and less if you shop around) that will do 3.5GH/s. It will use 4x more power than the BFL Singles, though. Added benefit is that Newegg will get that to you in a couple days instead of a couple months. 2) Your metric makes no sense. The only way they would be somewhat accurate is if everyone on the network liquidated their hardware, got a great price for it, and reinvested that in ASIC products in the next six months. That's not likely to happen. Haha. https://forums.butterflylabs.com/content.php/117-Announcement-BFL-ASIC-Release-specificationsYup 34x. |
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I did some rough calculations based on our sales figures and at least for the case of BFL, we will not cause a 10x increase. I can't speak for the other manufacturers numbers, of course.
Keep in mind that Inaba is employee of BFL, and that BFL has made huge investments in their chip, so they won't tell you that your expected profit will in fact be a little less. My calculations are as follow, and I take them as a worst figure: Currently if someone wanna start mining, the best MH/s/$ he can get is with a single (end product of the FPGA generation) at 1.38 MH/s/$. A little less if we take other FPGA products, a little more if we take into account the minirig. With the ASIC generation, as a first product of this generation, we have the single SC which gives 30.79 MH/s/$. A little less if take the Japaleno, and a little more if we take the minirig SC. But if look over at competition, this time BFL has not the best MH/s/$: the Avalon for example, at least for the first 300 units, offers 46.19 MH/s/$. This is worrying because it's for a first generation product. I expect that in 2013 the second generation of ASIC will increase well over 40 MH/s/$. Simple math then: 40/1.38=28.99 The difficulty will effectively increase by 30x in the next six months. |
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Hello, As we all know Bitmarket.eu offers an awesome service for the people using Euros as currency, but the site is often down and not so reliable. I was wondering if there would be interest in using a reliable alternative. This time only SEPA bank transfers would be allowed. Otherwise same principle, same idea: - No trade fees, no fees at all. - SEPA bank transfers are made from the buyer directly to the seller. - Only an unique "ask" list for the whole marketplace. - Bitcoins are frozen when bought, get unfrozen when: - The seller confirms that the payment has been received. - Or if both parties agree to cancel. - Or after 14 days with no contact/complains from the buyer. A trust-no one system. The marketplace would be donations-supported, being clear on the hardware cost with a monthly progress bar, and the multiples 0.001-0.0005 BTC transactions fees diluted into that. Awesome?  |
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I've set up my own script to do exactly what you wanna do. PM me. I'd be glad to help and assist you for 2 BTC |
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I just received an automatic payment. Everything except the website seems to function nominally.
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Simple web backend crash I guess.
Apache is bad. Nginx is better, as a proxy and as a webserver.
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