It is interesting that even in resignation, Mark could cause the price of btc to drop! I won't speak badly about him though as he did really help to get things going with btc. And, he made possible the term (found in urban dictionaries) "I've been Goxxed!"  IAS |
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It works. Getting 1.45MH/s with my 7970 I would call it a failure. I mean if you're not using Windows (with all those Microsoft and malware 'services', anti-virus scans and viruses running the background), that's hardly any advantage. And I think the CPU miner can be optimized more. Well, from a profit point of view, that is the first thing I thought - failure. But from an ASIC resistant (key word, resistant) point of view, that is interesting. If a top GPU gets 1.45Mh/s (@300 watts) and my AMD FX8350 gets 850Kh/s (w/extra air cooling @ 120 watts or so) that is interesting. But the CPU uses less than have the watts (barely) and costs half as much (app.) Wait, that actually seems in line, no? What "should" a card like that get, theoretically? Seems close to what it "should" get. My R9 290 gets 870kH/s on Scrypt coins. On second thought, not bad. If it was just profitable to mine QRK (that will come I hope.) IAS who said anything about using 300 watts per GPU? my 4 7970s normally pull about 1150 watts according to my Kill A Watt. It is only pulling 580 watts for 1.45 MH/s/GPU. And as for mining QRK, well, obviously. But there are other coins released based on the quark algo, you know. And their value is yet to be determined. I said 300 watts as my card is the R9 290, as I said later on. 1150 or 1200, not a big difference. Not sure of your point there? I'm more here to support Quark coin, not so much to make money. I do mine other coins for that, so it is good to know, perhaps a hedge. I really like the idea of a coin that is ASIC resistant, key word being "resistant". Still early in the experiment though. Well, you are at the support level for QRK. My point is that when considering profitability you must not assume that the GPU is using 300 watts. The GPU is using more like 112 watts and getting 1.45 MH/s, and you no longer need a box fan either. Temps are in the 50s. I hold 6 figures deep of QRK and plan on holding it. But it is not economical to mine it, for me at least. Thanks for clarifying things but I sort of had that idea. I notice my Video card (of course) changes A LOT regarding wattage with any change in settings. So, I'm using half of my CPU to "mine" Quark but really to just support the network. There is a deep feeling about the potential need of a coin with an algorithm such as Quarks. I like the idea of having a coin that anyone and EVERYONE can mine/support. |
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It works. Getting 1.45MH/s with my 7970 I would call it a failure. I mean if you're not using Windows (with all those Microsoft and malware 'services', anti-virus scans and viruses running the background), that's hardly any advantage. And I think the CPU miner can be optimized more. Well, from a profit point of view, that is the first thing I thought - failure. But from an ASIC resistant (key word, resistant) point of view, that is interesting. If a top GPU gets 1.45Mh/s (@300 watts) and my AMD FX8350 gets 850Kh/s (w/extra air cooling @ 120 watts or so) that is interesting. But the CPU uses less than have the watts (barely) and costs half as much (app.) Wait, that actually seems in line, no? What "should" a card like that get, theoretically? Seems close to what it "should" get. My R9 290 gets 870kH/s on Scrypt coins. On second thought, not bad. If it was just profitable to mine QRK (that will come I hope.) IAS who said anything about using 300 watts per GPU? my 4 7970s normally pull about 1150 watts according to my Kill A Watt. It is only pulling 580 watts for 1.45 MH/s/GPU. And as for mining QRK, well, obviously. But there are other coins released based on the quark algo, you know. And their value is yet to be determined. I said 300 watts as my card is the R9 290, as I said later on. 1150 or 1200, not a big difference. Not sure of your point there? I'm more here to support Quark coin, not so much to make money. I do mine other coins for that, so it is good to know, perhaps a hedge. I really like the idea of a coin that is ASIC resistant, key word being "resistant". Still early in the experiment though. |
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It works. Getting 1.45MH/s with my 7970 I would call it a failure. I mean if you're not using Windows (with all those Microsoft and malware 'services', anti-virus scans and viruses running the background), that's hardly any advantage. And I think the CPU miner can be optimized more. Well, from a profit point of view, that is the first thing I thought - failure. But from an ASIC resistant (key word, resistant) point of view, that is interesting. If a top GPU gets 1.45Mh/s (@300 watts) and my AMD FX8350 gets 850Kh/s (w/extra air cooling @ 120 watts or so) that is interesting. But the CPU uses less than have the watts (barely) and costs half as much (app.) Wait, that actually seems in line, no? What "should" a card like that get, theoretically? Seems close to what it "should" get. My R9 290 gets 870kH/s on Scrypt coins. On second thought, not bad. If it was just profitable to mine QRK (that will come I hope.) IAS |
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What is the advantage of having more than 8 connections ?
Do you download a lot of torrents constantly ? On some smaller not so good routers, torrents an applications that create crazy amounts of connections can fill up the NAT table on the router.
Are you using a router with CLI access or GUI access to see NAT table ?
I am not to familiar with how Bitcoin client works exactly, but is it possible it is also dropping the peers because it doesn't need them ?
Somebody can explain the full node better than me, but to help the network you need to be above 8 connections or you are hurting it. I've seen Gavin say that here. I am no downloading torrents at all. I don't believe it drops them because it doesn't need them. I haven't ever seen that mentioned. Thx IAS |
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I found an old thread here: https://bitcointalk.org/index.php?topic=255572.0 but nothing that aids me in it. I am running Ubuntu Linux 13.10 and under NAT port forwarding I have port 8333 on the LAN forwarded to 8333 "Public Port". I set a static IP using the MAC address in my router. When I check to see that port is forwarded using http://www.yougetsignal.com/tools/open-ports/, it actually says it isn't open but I've heard that can happen. Just checked again and it is actually open, when I set it up initially it never was. Anyway, it starts making connections and I've seen it go to 46 or so. Then when I check the next day, without fail, it is back to 8. Under BitcoinQT "Network" - UPnP is checked (default) and not the box below. I haven't touched any settings. Is there something else I need to do with port forwarding on my router? Any ideas here? I really want to support the network and have the computer mining 24X7 anyway, so it is perfect as it is always on. I am not a sysadmin (ex IT guy though) and am a bit wet behind the ears these days. If you have suggestions, please try to put them in noob terms (names of tools, links, etc). Much appreciated. Thanks in advance, IAS |
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This might end up having HUGE ramifications down the road. Just look how the States moved ahead with medicinal cannabis and legalizing Cannabis and the FEDs are eventually caving in to it (after attacking it initially). The FED is just losing more and more power. Hopefully they are being watched closely for one of their famous False Flag attacks. Cornered Psychopaths will do that. |
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Well, people affected will probably just migrate from Chase. marcus_of_augustus - Well said! In other news Wochovia and HSBC were found complicit in money laundering around .5 Trillion dollars in drug money. But, the courts "found them" too big to jail as it would lower (is that possible?) confidence in the banking system, maybe even destabilize it. (I say they are doing a fine job on their own). They were fined 1 billion USD. No jail time. Oh, and around 19,000 people were killed from their actions. So yeah, lets make sure Johns $500 cash deposit into Franks account is valid...  Oh, get your popcorn, it is just getting more and more interesting. Now to sports... |
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It isn't technically inflationary, but the total supply will be inflated by 5 billion coins a year.
/econ, math people will get this
The supply will increase by 5 billion per year, not inflate. Inflation is a separate phenomenon where the buying power of a currency falls, and does not necessarily follow upon an increasing supply. I'm sure you know that, not trying to show you up -- just commenting to help keep terminology clear. No, you are pretty wrong there. Inflation is just growth, new coins produced. If it is only .5% per year, then the inflation rate is .5%. Growth and inflation regarding money is essentially the same thing. But yes, we often use inflationary to mean excessive quite often. But in this case we are just stating the rate. From the dogecoin wiki Inflation Approximately 100 billion coins to be mined by end of 2014. Thereafter, 5.2 billion new coins per year.So the wiki agrees with this basic definition of inflation by stating the inflation rate. The inflation rate of Doge starts off at 5% and slowly goes down from there. Not terrible at all, but still inflationary and considing there will be 100 billion coins - OMG! That is a lot to start with. Now, just semantics in another way as each BTC has 100,000,000 bits/Satoshi's. IAS |
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Nobody really cares...the coin is a joke that has gotten old.
But, I don't like the open endedness regarding supply. It seems very inflationary. It is not. Maybe give some info. 5 Babababa BILLION coins per year is an awful lot of coins! If that isn't inflationary it means there are just too many coins in circulation as it is. It is like Pesos, 15000 for a coffee? Yeah, fun, but useful? (Again I have some Doge so am not bashing it outright. There are things not to like about a lot of coins.) |
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Nobody really cares...the coin is a joke that has gotten old.
I can't disagree totally. First I'm a BTC supporter but I'm open to the other currencies. I even hold a few Doge. But, I don't like the open endedness regarding supply. It seems very inflationary. Great marketing and wonderful community, I get that. But it is on it's way to becoming another inflated FIAT currency. And I just heard that Doge had a hard fork, what happened there? IAS |
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I am sorry to hear that. Did someone ever turned on profitable dealing with BFL?
I'm not completely sour with BFL. They did start the whole thing with ASICs and FOR SURE, those who got their units early made out like BANDITS!!!!! But most didn't and lost a ton of money. Enjoy the experiment. IAS |
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Europe already has a very good exchange, bitcoin.de
my favorite exchange actually, never had problems with them and very secure.
Americans can't trade there and unless they are now trading through Fidor bank, they are more like an escrow site as it takes 2-3 days for bank transfers to go through. I did like them however... And then they banned Americans... |
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Does anyone know which two banks they have signed on with?
Once a BTC company in Europe has a solid bank (in a country with no troubles) I really think they will explode. Bitcoin.de and their coming venture with Fidora come to mind.
The idea of having a Swedish bank (or two) sounds better than a Slovanian one (like Bitstamp - and nothing against them, but people are a bit leery with small financially troubled countries.)
It really seems BTC is on the cusp of just exploding with investments, exchanges, services, etc. THIS year.
IAS
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Wouldn't trust it, if it did exist. Which flavour of linux you using? I've not had problems on Mint, so expect all flavours Debian are stable. Can you not just download bitcoin-0.8.6-linux.tar.gz from https://bitcoin.org/bin/0.8.6/ extract from tar.gz and run the //bitcoin-0.8.6-linux/bin/32/bitcoin-qt ? I'm using Ubuntu 12.04 but have had problems installing from the terminal. I haven't extracted the tar.gz from bitcoin.org and I guess I could try that and see if that works I don't know why it's not working in the command line because I have root access etc. You can install Bitcoin from the repository (I think it is called). I originally did it from here without problems though (not using a tarball) - http://www.distrogeeks.com/install-bitcoin-qt-ubuntu/I had no problems on Ubunto 13.10 but imagine it would be the same on 12.04. |
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I'm curious, what is your attraction to be holding Quark? I know it comes down to money, but I mean what specifically about Quark?
I've already said, for me, the alternative distribution model is interesting for me. The security aspect is nice but not as big.
Thx,
IAS
Quark is nothing to me , right now. I was at one moment holding like 40 alts or so. The thing that really bother me about quark is that i haven't sold more than 50% of my holdings in December. Is probably one of the only coins I thought it could bounce back even more and make more out of it. I haven't done the same mistakes with other coins , but I thought at that moment quark may be different. Man , I was wrong!!! Excluding doge (not released at that moment) , you see that all the top coin are different , bit, lite,peer have some big difference between them. I thought quark is going for the 4th spot with ease. And when I look back , i don't know why i assumed that. Probably all my rantings are because of my previous assumptions not coming through , and I feel the need to unleash some of the frustration... Ummmm, you didn't answer my question. ehehe I asked: I'm curious, what is your attraction to be holding Quark? I know it comes down to money, but I mean what specifically about Quark?Since you are in it for the money, you must have some solid and specific reasons (I hope!). IAS |
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Coinmama2014 - Thanks for clearing things up, Great news!
IAS
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too much to quote
You don't understand the difference in our opinion because we have different reasons... You're in for an experiment , I'm in for the money. And I see my money pile getting smaller while other piles I did put in some other coins are growing. This is not FUD , it's what i feel it's going down and I don't like it. The coin is losing momentum , and everybody is focusing on the block reward like that is something it matters. I spent enough time telling people over at doge , reward halving won't do anything , nobody believed ... the results ... spot on. Also the amount of people mining , that's only decided by the reward. Let's say gpu mining becomes a waste of time with every coin out there. Will 100000 miners switch their rig to quark for 14 cents/minute? Will that make quark price go up ? no! What will move the coin is.... quarkpayments...that was ...another big lie to pump the coin??? A shrinking community , lots of lost interest , the main promotor (which i don't like anyway) gone to his own coin and so on... This is not fud , those are facts. Oh , the price is not going down.. Well its not going down because people are not selling (including me). I can make a coin with my friends and decide we won't sell below 1$ , is that what makes the coin 1$ worth? =))))) Coins are not carrots to expire , I can hold for another 30 years at least...I hope .. till it will get to 1$ at least. I don't disagree with what you said here. (IT is more than an experiment for me, but point taken.) The momentum point is an interesting one. Everyone seems to be looking for the next Crypto, momentum wise. I wonder when this passes, if at all??? I am somewhat worried about the miners leaving but it depends on if the network can maintain security. I believe they have a check for that, somewhat centralized. If and when the price of QRK rises a fair bit, the miners will return. We do need some "sales" so to speak for what QRK can do. e.g. payment system. It will be interesting to see what happens if btc keeps going down, if that continutes, we will see many miners leave as power for many are just too expensive at lower prices. My guess is that this whole "adjustment"/technical problems is going to continue through this month. I'm holding and expect the Cryptos to start their ascent up early next month. Tamis - Ah yes, I remember! Sincerely i'm not worried about that anymore. We already had , I don't know if it's still the same situation , but we had a pool with almost 90% of the mining power . if they didn't bother to play with the coin , (they make 0.5% of what is mined ... not to much ) I think we're below radar for a while For the second part about btc prices , if (i don't believe it's possible) btc goes down to 100 , all the alts will be in hibernation (like may-november 2013). Ps. go to the quark forums and read the plans that were in motion in December , and the promises from the devs , check what has been done...momentum lost... I'm curious, what is your attraction to be holding Quark? I know it comes down to money, but I mean what specifically about Quark? I've already said, for me, the alternative distribution model is interesting for me. The security aspect is nice but not as big. Thx, IAS |
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too much to quote
You don't understand the difference in our opinion because we have different reasons... You're in for an experiment , I'm in for the money. And I see my money pile getting smaller while other piles I did put in some other coins are growing. This is not FUD , it's what i feel it's going down and I don't like it. The coin is losing momentum , and everybody is focusing on the block reward like that is something it matters. I spent enough time telling people over at doge , reward halving won't do anything , nobody believed ... the results ... spot on. Also the amount of people mining , that's only decided by the reward. Let's say gpu mining becomes a waste of time with every coin out there. Will 100000 miners switch their rig to quark for 14 cents/minute? Will that make quark price go up ? no! What will move the coin is.... quarkpayments...that was ...another big lie to pump the coin??? A shrinking community , lots of lost interest , the main promotor (which i don't like anyway) gone to his own coin and so on... This is not fud , those are facts. Oh , the price is not going down.. Well its not going down because people are not selling (including me). I can make a coin with my friends and decide we won't sell below 1$ , is that what makes the coin 1$ worth? =))))) Coins are not carrots to expire , I can hold for another 30 years at least...I hope .. till it will get to 1$ at least. I don't disagree with what you said here. (IT is more than an experiment for me, but point taken.) The momentum point is an interesting one. Everyone seems to be looking for the next Crypto, momentum wise. I wonder when this passes, if at all??? I am somewhat worried about the miners leaving but it depends on if the network can maintain security. I believe they have a check for that, somewhat centralized. If and when the price of QRK rises a fair bit, the miners will return. We do need some "sales" so to speak for what QRK can do. e.g. payment system. It will be interesting to see what happens if btc keeps going down, if that continutes, we will see many miners leave as power for many are just too expensive at lower prices. My guess is that this whole "adjustment"/technical problems is going to continue through this month. I'm holding and expect the Cryptos to start their ascent up early next month. Tamis - Ah yes, I remember! |
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what is the reward per block now ? Its About Sharing : hey man ! Hope all is allright for you  I know I know that name! But help me out... TV? Here on the TA thread? Quark is an interesting experiment with the Cryptos, eh? I think we are almost down to 1 QRK per block, but someone correct me... IAS |
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