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Hi,
My user name is 'haarts'.
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Site seems down for me entirely. Hope they didn't bail with our deposits.
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I'd like to humbly begin with 0.1BTC worth of NXT (approx 20k of them). Anyone willing to sell?
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For the moment, the bigger problem seems to me that it requires an unlocked wallet to use the coin age.
I've lost you there. So I need to have my client running and up in order to accumulate coin age? |
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People spend dollars even though the more the hold, the more interest they gain...
Hahaha! This is an excellent counterpoint.  |
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Hi,
I've been reading about Proof of Stake based mining/minting/forging and I seem to miss something about the concept. The way I understand it is that you 'gain' coin by holding on to your existing coins (I've been looking at NXT specifically, not sure this applies to all PoS coins). This means that the more coins I hold the more coins I get. This looks like a problem to me. Wouldn't this lead to hoarding?
The one obvious argument is that if a monopolist arises, no liquidity exists in the market and the price plummets. Thus it's in the interest of the monopolist to keep money flowing. But a monopolist is a thread to the system however benevolent he is.
I'm concerned about the lesser variant in which a bunch of people hoard and constrict the flow of coins.
Am I understanding PoS correctly?
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I work with neural nets on a regular basis and I don't see how this could possibly work.
I vote scam.
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Card(s): Sapphire HD 7950 x 3
Algo / Coin: Scrypt / LTC
Miner: Cgminer 3.1.1
Config: --thread-concurrency 2172 -I 20 --gpu-engine 1050 --gpu-memclock 1400 --gpu-vddc 1.087 --temp-target 80 --auto-fan
Results: 600 kH/s per card - Temp ~76c - 950W @ power socket
Comments: Using Catalyst 13.4, APP SDK 2.7, ADL SDK 5.0, Ubuntu server 12.04
But CGMiner reports my volts are still 1.25V so I doubt undervolting works.
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Getting only 250Kh per card seems a bit low. I'd guess more like 750. But some ppl rent a warehouse and stack 30 mining rigs in them. That should get you close. Checkout some pools: http://www.wemineltc.com/statsAuth Top miner does 140.000 KH/s. That is about $100K of equipment. |
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How much RAM does your system have? I too have this problem, 3x7950 with 2GB RAM. I suspect this is not enough.
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xinit starts X. (startx is a wrapper around xinit)
You start this by going to a command line and type 'xinit'. But I'm guessing this will only work when would do not have X running already. For example you SSH into the box (eg a headless setup).
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Well you certainly saved my day. I totally forgot about xinit, now I can at least start cgminer from the command line. Thanks a bunch!
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r94vokCz2aKrnojMhdUmT8yyqSnnvG8jq2
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Then again, I've just logged 4 hours and I still can't reply.  |
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Probably because you haven't escaped the "newbie" cage. You need to log 4 hours on the forum.
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Pump will make the price rise, dump will make it fall. I believe.  See it as a supply and demand thing. If you dump you will increase supply thus lowering price. |
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The major killer is cost. Looking at the specs my total SWAG would be 2 MH/s per core that would be 100 MH/s per board. At $2600 each it would be hard to compete with GPUs. Forget about competing with FPGA or ASICs.
How did you get to these numbers? |
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