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1  Other / Beginners & Help / Re: How do you generate your Bitcoins? on: June 12, 2011, 05:13:59 PM
You seem to be missing a category for "I convert other currency into bitcoins through an exchange".

I'd say that equals 100% to 'playing the market', no?
2  Other / Beginners & Help / Re: Total newbie, some concers about investing in two rigs on: June 12, 2011, 05:09:28 PM
Monitor dummy plugs:
  I want to run my two rigs with 4x 5850 cards each without any external I/O. Do I NEED at least one monitor to keep them running?
  Or do I just need one monitor to boot up?
  Or do I even need 8 dummy plugs for each card? Can those be bought or must they be built by myself?

A computer does not need a screen to be connected to start up.

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Two rigs, one account? How do I mine with two rigs to the same wallet file? Or won't it matter if I just have two wallets and simply split everything?

It is suggested to use the same Bitcoin Address for all your pool work (this means it'll be the same wallet of course).

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Graphic card compatibility: Are there any graphic cards that won't fit on the MSI GD70 boards - like physically not fitting next to each other because they are too high?
  Can I mix up cards from different labels, like 2 Sapphire, 1 Asus and one XFX?

You can try, but it's generally saver to use crossfire, due to bios or driver problems that might arise otherwise, and running several different cards is generally a very rarely used approach, so finding support (online or official) would be limited too.
3  Other / Beginners & Help / Re: A random slightly negative opinion. on: June 12, 2011, 04:59:56 PM
emugoo, you are talking logically. And that is what a business would have to do... But now think of what is happening bitcoin users are paying upwards of 10-20% in "transaction fees"   why would anyone do that when you can just pay direct in USD or whatever I will be eventually converting that money into?

I was talking about the current situation. In the current situation, demanding a surplus payment from Bitcoin payments compared to "old" payment makes sense, because there's few ways to transfer Bitcoins to begin with. So in effect you're offering surplus just by allowing Bitcoins!

Now if the chosen premium restricts sales, it's always possible to revisit the amount, or remove it. But altho most people are aware of the daily price, it's just unfeasible to always offer MtGox rates in an online shop. In effect, you'd need to choose a temporary average amount anyway.

Finally, thinking that bad prices stifles all shopping is just wrong. Just look at any online shop comparison site. most products are sold at very wide band of prices. So if bad prices would destroy sales, everyone would have settled on the same price for all goods by now Smiley
4  Other / Beginners & Help / Re: Hd 6850 on: June 12, 2011, 04:48:17 PM
Note that some graphic cards can conflict in the BIOS, when they both try to grab 'default', and then the computer never starts up.

There is also a possibility of driver collision in windows, which is actually more likely on vista/7 then on xp. No idea about linux.

As this is a very unusual usage, you probably won't find help on the usual tech sites either. So You'll never know without trying I guess.


Ok so i just started mining today I have ... hd 6850 ... and im getting a average of 200 mhash/s is this normal my core clock is 955
200 mhash/s looks about right, for a non-optimised setup. See here: https://en.bitcoin.it/wiki/Mining_hardware_comparison
5  Other / Beginners & Help / Re: Newbie restrictions (Please discuss forum policy here.) on: June 12, 2011, 04:33:20 PM
I agree, sucks to be us.

But then, lots of interesting threads in here too, and if you just answer to some in a meaningfull way, you'll be out of newb-town in less then an hour Smiley
6  Other / Beginners & Help / Re: Can Gigabyte GA-870A-UD3 support 2 GPU? on: June 12, 2011, 04:32:10 PM
you munged up the specs, so i looked it up:

1 x PCI Express x16 slot, running at x16 (PCIEX16)
1 x PCI Express x16 slot, running at x4 (PCIEX4) (Note 3)
2 x PCI Express x1 slots (The PCIEX1_1 and PCIEX1_2 slots share bandwidth with the PCIEX4 slot.) (Note 3)
      (All PCI Express slots conform to the PCI Express 2.0 standard.)
3 x PCI slots

(Note 3) The PCIEX1_1 and PCIEX1_2 slots share bandwidth with the PCIEX4 slot. When PCIEX4 slot is populated with a x4 card, the PCIEX1_1 and PCIEX1_2 slots become unavailable.

It sounds as if you'd be restricted to 4x on the second slot. Also, you should not have anything on the smaller "pci-x 1" slots, because those will not work at all when using slot 1 and 2. unless you added a wifi or tv decoder card to the 1x pci-x slots, then that should not concern you.

No idea how the 4x speed changes the mining behaviour tho. Does mining need a lot of i/o bandwidth? If yes, then you could be restricted by the reduced speed, if not, then go ahead.
7  Other / Beginners & Help / Re: What is your current BTC situation? on: June 12, 2011, 04:20:24 PM
I'm an interested observer of this eco-social experiment.
8  Other / Beginners & Help / How do you generate your Bitcoins? on: June 12, 2011, 04:11:10 PM
Obviously most people fall into several categories, so what do you generate the most coins with?
9  Other / Beginners & Help / Re: A random slightly negative opinion. on: June 12, 2011, 04:00:30 PM
Im curious, what exactly don't you like about the existing exchanges, which do allow both way transfer of BTC into and from USD or EUR?

As for exchange rates fluctuation, if I would offer services or goods for Bitcoins, I would like the exchange rates to fluctuate as much as possible. And under no circumstance sell into USD directly when receiving Bitcoin payments.

Let me elaborate on that, using the example of Switzerlands CHF vs EUR. The CHF is historically a panic security currency, similar to people banking gold or bonds instead of shares. So currency traders go to the Swiss Frank in times of down markets.

More then 50% of real world product and services geared towards foreign markets in Switzerland are going to the Eurozone. That means that in time of a downwards market, exporting stuff gets increasingly harder, due to exchange rate differences. Now the main problem with that is long term agreements on prices, because that makes the sellers a victim of the exchange rate fluctuation. As competitors to EU markets, there's no way to define the exchange rate willy nilly for these contracts.

But the situation is actually much different for BTC and the high fluctuations. Assuming I'd be a seller on the internet, using Bitcoins or USD. If I would make a Bitcoin price, it would make sense to overvalue it. For example, the current conversion is about 20 USD for 1 BTC. If my Product costs 20 USD, the BTC price should be 25 USD when converted right now. Three days ago the conversion was about 30, so i'd price at about 37 USD. With this security cushion, I can easily hold on to my money, even if Bitcoin goes down on the exchanges. Due to the huge fluctuation in the market, within a week or less, I can achieve a conversion rate of better then the already inflated price that I did demanded from my customer. Sometimes I might need to sell my Bitcoins into Dollars for less then 20, but most often I won't. At least as long as Bitcoin continues to work.

Now one could argue that this is an unfair profiteering on the back of people who want to pay with Bitcoins. But as BTC is a very new thing, compared to other monetary payments, payments made with it need to include a risk payment of sorts. This situation is comparable to how PayPal started. It used to be very new, and offer much better rates then using a Credit Card directly, in additon to gains in convenience (mostly for the seller). These days, Paypal actually costs more then most other third party CC services, and is a pain to use as a seller, and incurs increased callback risks. But that doesn't matter, because it's well established.
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