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1  Economy / Speculation / Come hell or high water, I'm holding on: August 06, 2011, 06:38:50 PM
I'm irrational, illogical, and emotionally invested. Anybody with me?
2  Bitcoin / Bitcoin Discussion / Near match with market cap on: July 04, 2011, 08:01:58 PM
The current market cap, according to Bitcoinwatch.com:

96,631,106

The current number of bitcoins in existence:

6,738,350


96631106/6738350 = 14.34 (roughly)


Current price on Mt. Gox = $14.39


Have we reached equilibrium for now? Or should those numbers always come out that way? I'm just curious if it's coincidence or normal behavior.
3  Economy / Trading Discussion / Arbitrage Opportunity at Bitcoin7 on: June 30, 2011, 04:51:35 AM
There is currently 433.7018 BTC priced at $16.50 over at Bitcoin7.com. This is the second such noticeable difference that I've seen in the last couple of days.

I'm wondering who would sell their BTC at $16.50 when they can get $16.85 or $17 at another exchange? Is this an attempt by the folks owning B7 to draw in new customers or is it an attempt by a idealistic Bitcoin supporter who wants to reduce the exchange single point of failure?

Has anyone on the forum taken advantage of these opportunities when they presented themselves? And, can anyone speak positively about their interactions on Bitcoin7?
4  Bitcoin / Bitcoin Discussion / Mt. Gox Update on: June 22, 2011, 03:46:55 AM
[Update - 03:36 GMT] Update on claimed accounts
We're happy to report that over 10% of our user base have already reclaimed their accounts. Newly reclaimed accounts require strong passwords which are secured with SHA-512 multi-iteration triple salted hashing

For the time being, deposits that were send to Mt.Gox accounts that were not in accounts before we took things offline will be in a "pending" status. Once we have the new backend in place, we will start processing these pending deposits and withdraws. Also, shortly after the backend is up and running we will allow customers with newly reclaimed accounts to login to Mt.Gox, and use the site as per usual, with the exception that active trading will be disabled. Users may place orders to buy or sell, but they will be queued until we enable trading, which will most likely be a couple of hours after users are able to login to Mt.Gox.

 

Thanks again for your continued patience and understanding while we work to get Mt.Gox back online.
5  Bitcoin / Bitcoin Discussion / The Truth? on: June 21, 2011, 11:25:18 PM
When it comes down to it, none of us know what the real truth is concerning what has happened. We probably won't know for months, and that's assuming we're lucky enough to have it all come out into the open. This whole incident has been one huge fiasco that could have and should have been handled better by all parties involved.

People writing long drawn out posts, providing chat logs, and speculating wildly is doing nothing for Bitcoin as a currency. Short of providing entertainment for a few and food for the trolls, it certainly isn't productive. We should all know by now that you can't trust anything on the internet. As such, let's all take a moment to relax.

Where should we go from here? For the time being, keep yourself advised on how the recovery process is going at Mt. Gox. If you had money in either BTC or USD at stake there, make sure you're doing your best to work with them and recover your account ASAP. If you no longer trust them, take your money and go. If you do still trust them/think they'll do better now, stay and begin to trade when they open back up. In the meantime, consider using alternative exchanges to continue your trading.

This campaign of FUD across our forum is unnecessary at the very least and is more than likely harming not only the Bitcoin as a cause, but for those of you looking to turn a profit, it is harming the value as well.

Let's move on and let those involved sort this out as best they can.
6  Bitcoin / Mining support / Windows 7 Lockup on: June 18, 2011, 09:26:37 PM
Looking for some help from the community because I'm stumped at this point.

I'm running two 6970s on Windows 7 64-bit.

Until just recently, I was running each of them at +5% voltage, 945 clock, 1385 memory, and I was getting around 405 - 410 Mhash per card. Now, if I try to run with those setting, my windows setup will completely freeze and lockup requiring a reboot.

I installed a dual-boot of Ubuntu for the time being, and am successfully running both cards, but I haven't had any luck overvolting the cards with Linux tools, and I need the little bit extra so I can get the performance boost by using the -v flag.

So please answer one of the two following question:

1. What would cause this behavior in Windows?
2. What tool/procedure can be used to add 5% voltage to these specific cards in Linux?

Thanks!

EDIT:

It only seems to lock up on Windows if I turn on a miner with the second card. If I leave just one card running, it seems fine.
7  Other / Obsolete (selling) / Programming and Graphic Design Services on: June 08, 2011, 11:34:29 PM
In order to promote this wonderful economy, my wife and I would like to offer our spare hours both after work and on weekends for some BTC.

I am a current college student with programming experience in C++, C#/ASP.NET, Java, and PHP. I am also more than fairly skilled with HTML, CSS, and javascript/jQuery.

My wife is also a current college student and has a ton of experience with Adobe Photoshop, Adobe Illustrator, HTML, CSS, and jQuery. She also does professional photography.


A brief example of our work can be found at http://siouxlandhabitat.org/


We can't take credit for the content, but the design and functionality is completely our design.

Rates are definitely negotiable, and if you or someone you know has an idea they would like to discuss, please send me a PM.


Thank you Smiley
8  Bitcoin / Mining / If you want to make more BTC... don't mine at Deepbit on: June 07, 2011, 11:05:13 PM
First off, I apologize for starting a new thread.

I find myself absolutely astounded at the amount of ignorance about how Bitcoin actually works. I will admit to not understanding it fully in all of its glory, but some of it isn't really that hard.

Totally ignoring any other claims about network security, here is why every miner on Deepbit should switch to another pool.


Tycho charges a 3% fee for Proportional work and a 10% fee for his Pay-Per-Share model. If any miner were to switch to a 0% fee pool,  of which there are a few, that miner would earn 3-10% more BTC.

People have the misconception that being in a larger pool guarantees you will make more BTC. This isn't the case. Having more hashing power just means that the variability of what you earn for each block will be more stable. On a smaller pool, the amount an individual earns for each block will vary more, sometimes by several bitcents. Averaged out over time, usually 7 days is all it takes, the total amount earned from each pool, if you discounted the fees they take out, would be the same.

Use the calculator at http://www.alloscomp.com/bitcoin/calculator.php.

The numbers it provides are by no means a guarantee of what you will earn forever, but they are statistically correct for the current snapshot of the network. Over a long enough period of time, if the difficulty and your MHash rate stay constant, that is the number of BTC you will earn in a given day, week, month, even year. The size of the pool you mine in has absolutely no effect on it. The only thing you're doing is giving away a percentage of your earnings for whatever services the pool provides you that you can't get elsewhere.

With the exception of Tycho's instant payout button, there is NO advantage to mining on Deepbit that can't be found elsewhere. Consider that when you decide to go shopping around for a new pool.
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