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1  Bitcoin / Mining / Getting the most out of CPU mining on: February 28, 2011, 03:33:06 AM
Hey there,

I'm just wondering if anyone would be willing to give me any suggestions (beyond buying a new computer) to improve my hash rate.  I have a Intel Core Duo 2.28 w/ 3 GB L3 cache.  Unfortunately I'm sitting on a ATI Mobility 3400...so no GPU mining for me.  I'm running jgarik's (I think that's his name) miner and only getting roughly 300khps with 2 threads and the cryptopp algorithm. The 4way algorithm seems to be popular, but I can't get above 200kbps with it.

There was a fellow on the new pooled mining thread saying I should be getting proof of works every 6 minutes or so.  I can't get 1 in 6 hours...more like 12 or 13.
2  Bitcoin / Bitcoin Discussion / The Future of the Bitcoin on: February 24, 2011, 12:52:34 AM
Hello folks,

I've been watching this for a long time now, and I've just recently gotten involved...gotten my first .05...the whole nine yards.

It feels great.

But at the same time, I have a question that has been gnawing at me for sometime. I've been reading people's posts about this being a real future currency. I know it's a currency now, but it's not mainstream.  And it's certainly not something that is close to adoption on a large scale.  Here's the issue I see:

Difficulty to mint bitcoins is increasing. This is something that is SUPPOSE to happen, but doesn't this hurt the future of the bitcoin? Using computer power to create more means that those with computer power are the most powerful (not to be redundant).  This works now because it's a new commodity on the uprise..but what happens when the difficulty rises above what an average computer user can manage? In fact, hasn't it already?  To really be competitive in acquiring more of these things, I need to go out and spend a couple hundred dollars on a new video cards. I don't want to argue with anyone about how much the buy in is right now, because that's not really the point.  Difficulty will continue to increase, and what I see when I look ahead is a future where supercomputers mint new bitcoins. That's interesting, isn't it?  Now, I realize that by this point the market will be much more saturated with these things, but I'm trying to parallel this with the dollar.

In a Bitcoin future, will Intel be the next federal reserve?
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