From 1 Ether contribution you get dividends for sure, for life. Am I understanding this wrong?

I like the simplicity of it all.

Greetings! I am in a position to sell 50 of the brand new Minion ASICs released by Black Arrow (www.blackarrowsoftware.com). These chips are rated at a total of seven terahash (7 TH) when up and running. Bear in mind all that is for sale is the ASIC chips themselves, not the boards/cases/power supplies, etc. The buyer will need to build or buy that equipment seperately.

Based upon market value they are currently priced at approx $15,000USD. I will be taking bids until the end of the week, accept payment in either BTC or USD, and insist on the use of a reputable escrow service.

Thank you for your time.

Dustin

We all die in the end... but the Spartans became a legend!

What always fascinates me about people who cry foul about "price gouging" is that they don't have a very good understanding of economics.  Basic supply and demand, really.  If demand increases and consumers buy up most of the supply, making the supply shrink (but demand remaining the same) the merchant is literally forced by the market to do one of two things: Keep prices the same, resulting in being out of stock on the hotly desired products, or raise the prices to the level the market will bear in order to keep inventory available for those who want it the most (represented by how much they are willing to pay for the product).

This means that if they didn't raise the prices, they would simply be out of stock and the cards would be outright unavailable.  Would you still be complaining then?  I bet you would.  And I bet you can agree that being able to purchase them for double the price is still a better alternative to not being able to purchase them at all.

The only reason the price of a notebook computer goes down year over year is because of advances in industrial production - be it efficiency or merely economy of scale.  Also, there is a tremendous amount of competition in technology, which means that the company able to manufacture a quality component for the lowest cost is going to be preferred.  So basically, the reason the cost of a notebook keeps going down is a direct benefit of a competitive free market situation.

That said, the purchasing power of the USD overall is going DOWN year over year, DESPITE increases in efficiency and industrial capacity.  This is because the dollar is not backed by anything of tangible value, and thus can be printed out of nothing.  There is absolutely no security in the value of the USD, but because it is associated with a country (and thus to the pride, nationalism and civic pride that goes along with it) people believe that the USD couldn't fail unless the US itself could fail (which of course it can't, so they believe). 

So in short, there are two sides to the price question when it comes to economics: the first is the cost to produce a given product.  The second is the value of money used to purchase that product.  Since cost is stable (at any moment in time, the same amount of wealth is needed to purchase the same thing) the variable here is the value of money.  Do you need $500 or 5BTC?  Next year it will likely be $400 or 2BTC, based upon the fundamentals of the currency.  But the truth remains - the purchasing power of the USD is very stable, and is decreasing at a very stable rate.  The purchasing power of the BTC is much less stable, but is constantly increasing overall.

Hope that helps.

Do you accept Bitcoins at your retail location in Boise?

In about a month I will be launching an e-commerce website selling physical products online.  Naturally, I am interested in accepting bitcoin in addition to other payment methods.

Unfortunately, after the better part of a day searching there doesn't seem to be a company offering merchant services for bitcoins that meet my needs; either the company requires me to be a registered business with a TIN, or only is set up to handle digital products.

My needs are as follows:
A button integrated into the website that allows processing of payments in bitcoins similar to Paypal's 'Buy Now' button.
The ability to price goods in US Dollars and have the bitcoin payment system calculate the current exchange rate and charge the customer accordingly.
For a unique payment address to be given to the buyer that is tied to their delivery address.  (I am happy to create a bunch of these in advance if necessary)
To be sent an e-mail (or web-based) acknowledgment when payment has been received from a specific customer so I can promptly ship out their order.

Does anyone have any ideas of how I could arrange this on my own (I am not super technical) or knowledge of a company that would meet my needs?  Thanks in advance!

When Triple Mining started, one of the advertising bits was "no poolhopping restrictions!"  As a way to boost hash rates and make the pool more successful, I suggested that MrSam implement something to take away the incentive to poolhop (such as a scoring system).  This has not happened, and with a pool of this size people can casually check and decide to hop without needing sophisticated software to do this for them. 

In my view, you can't fault people for doing what is in their rational self-interest.  All you can do is to remove the incentive to poolhop in some way, but as MrSam pointed out it is difficult to do that without also causing people to leave the pool altogether.  Obviously if everyone hopped, the pool would very quickly die.  This is why I feel proportional payouts are a negative overall, especially for a pool this size with its history (some *really* fast blocks and some *really* slow blocks). 

Taking away the ability to mine or to view the stats page (or even delaying the stats page) really isn't a solution, because it is easy enough to get around that.  A better solution would be (IMO) to implement a system that rewards people for not poolhopping.

So the way the pool is currently set up to deal with Orphaned blocks is basically that all shares submitted for that block are lost, and we restart and move onto working on a different block? 

It seems the pool operators have the option to either A: throw away all the shares that contributed to the orphaned block and start fresh on the new block, or B: to calculate both the shares that contributed to the orphaned block AND the shares that went towards finding the new block to determine payouts.

Based upon Kinlo's explanation and the way the website appears, I get the impression that the decision made was to go with option A.  Not that I have strong opinions either way (but it sucks thinking that some work was lost due to an invalid block rather than being considered for payout when the next valid block is found) but I am curious how this is set up to work.

Thanks!

Account page, bottom of the left column before 'my payouts'.  Its called 'Jackpot Information'.

Is that the reason why my "automatic payment" has been on the "todo" list for over an hour now?

Indeed!  But do we really need to have the block stats on the same page as the Minipool stats?  Just seems cluttered to me, and how is it going to look after the pool has found 50 blocks (that you need to scroll through in order to see the minipool stats)?  What about 100, 1000?  

Also, not that this is a huge deal, but setting the timezone fails to take into account Daylight savings time.  I'm in the Mountain Timezone, but I have to set it to Central time to see an accurate time for my location.  Is there a way to code the timezones to take DST into account?

Anyway, I'm just glad that TripleMining has won back much of its trust, and I'm happy to be back to work digging for coin with TM.

I'm sure he will of DKN can actually provide the spam e-mail which will include the spammers ID.  Of course, if DKN is just blowing smoke and making shit up, he won't be able to provide it. 

Horray!

You can effectively achieve an instant payout simply by setting your payout balance to 0.01 BTC.

The Pot of 0.5 BTC has been sent to EskimoBob @ 1Kae8NWf1pKsadDu53E9GeRo6pN9c4hrgy !!  Please confirm on this thread once payment has been received.

@Oldminer: When you were showing screenshots of your estimated payout from your minipool, I'll admit I was somewhat confused when you were showing around 0.3 BTC when I had between 4-5x your hash rate in my minipool for the entire duration and I was only showing 0.11 BTC.  It seems likely that there was a calculation error in the minipool payout for some of you - but there wasn't for me.

It seems like a bit of wishful thinking to purely look at that 0.3 BTC number and not calculate the following:  If I hash at 600Mhash/s, and am getting 0.6 BTC, that means that I need to have 30Ghash/s in my minipool in order to receive another 0.3 BTC.  To get half of your personal mining revenue in minipool revenue your minipool needs to have 50x your hash rate.

That said, I hope the calculations have been fixed and will no longer be misleading in the future.  There is already enough suspicion surrounding this pool with recent events.

Unless I'm mistaken, the 'Number of Shares' for Block 3 should appear to be approximately 6,000,000.  Not zero.  Additionally, we should all have an amount in our respective balances under the category 'Rewards that need Validation'.  I do not.

Hopefully we can get an update from MrSam soon.

According to the information available to me, Block #135556 was found at 2011-07-10 03:18:03 GMT. 

While it was a fairly close contest, the winner is Eskimo Bob with a bid of 03:55:00! 



If the winner would be so kind as to post a payment address, I'll process your winnings shortly. 

Thanks everyone for playing, and if the kinks can be worked out of the TripleMining pool I'd be happy to run additional lotteries like this in the future.