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I'd fall into that category but I never held any coins, always sold in 1 to 2 BTC increments as I earned it. I did just get to the break-even point a few days ago. Any miner that held the coins with the intention of getting a free video card should have done the same, holding coins was a bad gamble.
To date I've sold 55 BTC for a total or 816.77 USD. Not bad at all. Thanks BTC investors.
Also, you all can rejoice that I've stopped mining and removed 1.2 GH from the mix. Current market prices aren't worth it when electric is $0.15 kWh (thanks Progress Florida), even though it'd be profit from this point.
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I mine for Eligius. I get BTC for submitting shares. Is there any reason to put any more thought or effort into such a simplistic process?
I could care less what may or may not be in the block headers. I would say if prayers bother someone they need to work on fixing their own state of mind rather than try an encourage others to agree that this is even a real issue.
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Well if I was tradehill I wouldn't keep one cent in Dwolla.
Honestly, I don't blame them. But without Dwolla or a change in their ACH Fees, I won't keep one cent or one BTC on TradeHill. |
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Now, after your announcement that you will no longer use Dwolla for withdrawals, I am forced to stop using Tradehill as my exchange. I will have to move back to Mt. Gox. I absolutely refuse to use Paxum as a service due to their intrusive background information requirements.
Is there a reason why you chose to stop using Dwolla for account withdrawals? Its impossible for the end user (like me) to fraud Tradehill out of money when I am simply making a withdrawal. Plus, Dwolla is still ALOT cheaper to withdraw funds, its $.25 compared to Paxums $1.00.
I'm with CubedRoot on this one. I have USD stuck on TradeHill that I'll have to to trade back to BTC just to get it out and resell on MtGox, paying commissions again to both. I understand preventing inbound transfers, but by getting rid of outbound you screwed quite a few of us. Edit: My role in this is just a miner with a measly 1.3GH. If I can't get funds out on a regular basis without paying a fee equal to day's worth of mining this isn't going to work. I feel for you folks mining off a single card. |
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31.9 was the all time high. Almost every article/ newspiece related to bitcoin mentions it.
Actually: June 10, 2011, 12:19 p.m. Obtain: 32.99 USD Gave: 1.00 BTC 32.99 USD 0.19794 USD Commission
Granted I can't prove it more than that or a SS from my TH account that someone will claim I photoshopped, but I did sell for $32.99. |
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I actually posted this in the TH thread about Dwolla but will repeat here since it is relevant.
I got one.. same questions. I told the caller I couldn't verify their identity so they suggested I call back using the number on the site later.
I didn't ask If I refused what would happen to my account. Never done any deposits to them and only used for payouts from TH and Gox.
Edit: Number was from 515-422-xxxx which someone verified as in the same area as their office.
Edit2: My total volume with them has been < $500
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Someone claiming to be from Dwolla just called me to "verify details of my account" from a 515-422-xxxx number. They wanted me to give my name and address. I declined and said I don't know who you really are. I've never done a single deposit to them, only withdrawls from Mt Gox and TradeHill.
They may be quiet on this issue, but they're doing something to cover their ass now.
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You're going to be hard pressed to offer space for the prices your mentioned. Don't forget fire suppression, multiple ISPs, UPS/Generator and redundant power feeds.
Without the ISPs you're a DDoS away from losing customers.
Without a UPS/Power conditioner one lightning strike could do you in.
Multiple power feeds are also a concern along with standby power. How long is acceptable downtime?
There's a reason most CoLo facilities charge $150-$200 base + a charge per extra 1U per month.
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I wouldn't care if they did or didn't. A share submitted is a share, regardless of where it came from. I don't see why pool operators should be responsible for other people who don't secure their machines properly.
What are we going to do next, ask pool operators to reject shares because I bought my hardware with income I didn't pay taxes on?
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I've asked Jine for a response in the pool thread. I'm sure this will cause controversy from both sides, but pool operators should not withhold payment for work done. If they do it for "pool-hopping" what other judgement will they pass and decline to pay people for?
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Jine, There's a rumor going around that you are withholding payment from one of your users because they were a conduit for other users pool hopping. While I can see you terminating the account, withholding payment is theft. Can you elaborate as to why you feel that I shouldn't be paid the shares I contributed? Yes, I'm one of those users that had a few shares through that account. I also have another account where I mine for your directly, but will be terminating as soon as I can. I don't want to mine for someone that withholds based on their own moral judgement. Edit: This is the other pool: http://forum.bitcoin.org/index.php?topic=26500.msg350934#msg350934Confirm/deny? |
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Also, bitcoins-lc recently froze Multiclone's account, along with several days' earnings. I talked with the pool admin, and he refused to send the final payout. His policy is that they don't normally ban pool hoppers since they DO contribute work, but he didn't like that there was a pool devoted to hopping, or something to that effect.
I removed the pool from the rotation. I'm not going to go through the effort of doing anything to circumvent this. If anyone else wants to, I'm willing to integrate whatever you come up with into Multiclone.
Can you post this response (I'm guessing from Jine) on the forums? I'm willing to boycott using them as a pool until they reconsider the payout. |
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Tried this on a 5850 930/310 worksize 256 . Was seeing about ~339MH/s Using: phoenix.exe DEVICE=0 -u http://xxxxx_5850:xxxxx@mint.bitminter.com:8332 -k phatk VECTORS BFI_INT WORKSIZE=256 FASTLOOP=false AGGRESSION=13 gives me ~379 when it was running: [09/07/2011 20:45:11] Phoenix 1.50 starting...
[09/07/2011 20:45:11] Connected to server
[09/07/2011 20:45:57] Result: 739060d3 accepted
[09/07/2011 20:46:26] Result: a2b15060 accepted
[09/07/2011 20:46:28] Result: dde3f5ff accepted
[09/07/2011 20:46:34] Result: e70c04af accepted
[09/07/2011 20:46:34] Result: 7641f7d6 accepted
[09/07/2011 20:46:39] Result: 2f70848d accepted
[09/07/2011 20:46:56] Disconnected from server
[09/07/2011 20:47:03] Warning: work queue empty, miner is idle
[09/07/2011 20:47:03] Connected to server
[09/07/2011 20:47:22] Disconnected from server
[09/07/2011 20:47:25] Warning: work queue empty, miner is idle
[09/07/2011 20:47:25] Connected to server
[09/07/2011 20:47:41] Disconnected from server
[09/07/2011 20:47:47] Warning: work queue empty, miner is idle
[09/07/2011 20:47:47] Connected to server
[09/07/2011 20:48:01] Disconnected from server
[09/07/2011 20:48:01] Result: 0adeb3ab rejected
[09/07/2011 20:48:07] Result: 1dd61cda accepted
[09/07/2011 20:48:07] Result: 499e0205 accepted
[09/07/2011 20:48:10] Warning: work queue empty, miner is idle
[09/07/2011 20:48:10] Result: 76c9182d accepted
[09/07/2011 20:48:10] Connected to server
[09/07/2011 20:48:25] Disconnected from server
[09/07/2011 20:48:31] Result: c8e0a09b rejected
[09/07/2011 20:48:33] Warning: work queue empty, miner is idle
[09/07/2011 20:48:33] Result: 10dfd9f6 accepted
[09/07/2011 20:48:34] Connected to server
[09/07/2011 20:49:12] Disconnected from server
[09/07/2011 20:49:17] Warning: work queue empty, miner is idle
[09/07/2011 20:49:18] Connected to server
I don't know if it doesn't like phoenix but I'm usually pretty stable with the other pools. Hope this helps. |
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Hi, I'm one of those selling at 15. This post will probably get me flamed for not being in the spirit of bitcoin, but here goes:
Every coin I've mined I've sold at the market rate of that day. It serves me no purpose to hold the coins. If I need them to purchase, I'll buy back at that point. Sure, I might be able to make a few dollars by holding them, but only at the expense of someone else who lost money in the system. I keep less than 1.5 BTC on me at all times and sell immediately.
As long as merchants tie bitcoin to USD this is an interim exchange. If the coins are $15 USD to 1 then a merchant will charge 1BTC for a $15 item. If the BTC/USD price goes to $30 to 1, then the merchant will charge 0.5. Either way, the merchant is going to get their USD equivalent. Buying them at that point isn't going to harm or hurt me, I'm still getting the product for the same value.
At $15/BTC I've collected about $60 more than if I held everything to now. Don't get me wrong, I have faith in the system. I just have no faith in what the day traders are going to do to the economy until it disconnects itself from USD.
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There is no guarantee that you will ever reclaim any portion of your initial investment. Be prepared to live with that fact before you continue. Please read up on difficulty adjustments and estimated earnings before deciding if you can part with the money.
That said, pick a mining pool, fire up your video card and collect payouts to your wallet. Transfer the coins to your favorite exchange and sell them. Then you have to choose how to get the money out of the exchange. If you're US based, dwolla is one option that most of the exchanges support. I would recommend doing this in at least 1.0 BTC increments.
Entire process from payout from the pool to bank account will take about 3 days if you sell at market rates. Expect to pay 0.7% (or less) to the exchange site and $0.25/transaction to Dwolla.
I can personally say yes, I've got cash in hand as a result of mining.
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I hope you realize you just contradicted yourself.
"Viral?! Pft...Seriously though, people are advertising this everywhere..."
...go back to deepbit
That's doesn't mean viral, that means spam. |
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Here's some feedback for you: You're poisoning the pool forum and making it look exactly like the general forums with everyone posting TradeHill referral links. Oldminer is even more guilty of this with his thread titles.
And you must be watching too many youtube videos; viral? pfft..
Edit: Seriously, there are 6 threads advertising for this pool on the first page. Restrict it to one thread before enough of us turn to the mods to clean up the mess.
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You'd have to have significant hashing power to actually gain anything. This affects the smaller pools more than anything. It really shouldn't bother anyone, it is what it is. |
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Don't forget that the lifespan for the power inverters for solar is about 10 years. About the time you recoup your initial ROI you'll have to invest about 30-40% back into it AGAIN to replace them.
Unless your state offers a tax incentive or rebate you will be VERY hard pressed to find any form of solar panel ROI unless you're willing to wait 15+ years.
I live in Florida (which is a prime spot for solar) and I pay $0.14 to $0.16 a kwh (post taxes). The best ROI any installer could show me was about 16 years and a warm fuzzy feeling for reducing my carbon footprint.
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Been lurking in this thread for awhile now. Most of the issues I've encountered have already been reported by other users and patched, but I have two things I can't figure out: 1) I have a very disparate number of getworks to shares in the pool summary (251 to 26). 2) I noticed on one of my any of my clients running poclbm that every 60 seconds after starting I get an RPC error before it continues. I haven't seen this on phoenix or Ufasoft's miners... 30/06/2011 09:58:43, Setting pool test @ proxypool:8332
30/06/2011 09:58:44, Using new LP URL /index.php/1/aHR0cDovL21pbmVjby5pbjozMDAwL0xQ
30/06/2011 09:58:44, LP connected to proxypool:8332
30/06/2011 09:58:44, 3829 khash/s
...
30/06/2011 09:59:38, 2290 khash/s
30/06/2011 09:59:39, Problems communicating with bitcoin RPC 0 2
30/06/2011 09:59:40, 1017 khash/s
...
I don't know if these are all related or its just a poclbm issue. I was thinking a timeout in apache/php could be the cause but I don't know the best way to diagnose. I had noticed for the last two weeks I had an abnormally high number of apache2 processes running (150+) for about 20 active miners. I'd eventually have to restart after apache stopped responding. This seems to have cleared with the changes committed in the last 3 days. Again, also not sure if related. Excellent project by the way. I just wish I hadn't been tainted by coding microsoft.net all these years so I could contribute some code. |
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