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I think @ $32 the price was unreasonably high. The same thing I observed when I first joined. A week later prices went from $3 to about $8 or $9. Then they dropped down to $5 and slowly increased to the $8-9 range. Then within a week we had a huge increase from $9 to about $20. I think right now the price per coin is too low, and that it should be ~$20 at least.
There are some factors such as Dwolla transactions being delayed for several days, so some buyers and sellers could not cash in / out. That may have slowed down trading. Looking right now there is really high volume... 120k BTC. Usually high volume drives the price up.
I think and hope early in the week prices will go back a little...
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Wow great time to buy people! It will go back up early next week I suspect.
Dwolla transfers were holding things up + its the weekend now!
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Wrong forum..... There is a specific sell section.
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Severs having problems again? Lots of idle miners and TCP timeout errors in the last few minutes....
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Good work with the new servers. A week ago i was getting idle miners every 2-3 minutes, now I can actually mine in your pool and have moved my 1.5G hashes from deepbit to btc guild  |
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If I were tycho I'd wait. 50% is a terrible time to start forking, perilously close to having authority removed from me. If my pool were still growing as his is, with no reason to see it slowing I'd let my pool grow larger and larger. When I had assumed a large enough safety margin, and people felt all safe and comfortable since I didn't do anything for a long time after 50%, then and only then would I consider any shenanigans.
Though to be fair Tycho is making about $2500 / day right now, so he's sitting pretty. He only has to wait until he gets tired of all this pool operator bitcoin nonsense to start cashing out.
EDIT: Sorry $3,250 / day.
Ummm no he is not making near that much. The pool makes about 3,700 BTC a day at given rates. Deepbit takes about 1.5% of that (3% fee, but there are no stale shares or invalid blocks which accounts for about 1.5%). 1.5% of 3,700 = 55.5 BTC a day. 55.5 BTC a day x day average of $26 = $1443 He claims to have a couple other people involved and they are sharing profits... Also you are forgetting the costs of running several high end servers. Depending on how much he is sharing with others he could be making as little as $400-500 a day, or as much as $1000 or so. Still a lot of money IMO, but not NEAR to how much you think he is making. |
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Both the frequency and severity of the idles had decreased significantly over the last hour, but they are still poking around once in a while. At 650 GH/sec+, it's becoming quite obvious that a single server is not only a liability, but a handicap.
I'm now working on setting up another server, and tying the two together so that stats, login credentials, and block allocations are properly split between them. This one will probably still be in the US, but I'll be looking for one on the east coast to compliment our current Los Angeles server. Once setup, I will include instructions on the website for pointing your miners towards the closer server if you are inclined to do so.
Thanks I'd like to come back to your pool, but I can't because of so many idle miners, my profits will be less. |
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But, they also usually don't allow voltage adjustment.
With Trixx you can adjust the voltage.... |
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I hope no one tries flashing a modded bios to these, I did and all it did was enable ULPS mode and it wouldn't disable until I flashed the old bios back.
I sent in a support ticket to sapphire today trying to get an answer about this, it's pretty annoying not being able to overclock these things properly. My cards will do 975 at stock volts, but I know they could handle over 1050mhz with voltage control.
Wow, consider yourself lucky. I get crashed display drivers past 845Mhz @ stock volts on mine. |
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Yes, right, thats why I'll get that Setsugen 2 to handle the temps. I'm not trying to OC any more, yet. Do u have an Sapphire 5850 xtreme too? What heatsink do u use to get 60°C?
Stock Saphire Xtreme heatshink. Cards have a space between them in the case (which makes a huge difference, compared to cards that are back to back). Fan speed is locked @ 70%. |
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I was at BTC Guild for a couple days but, I had a lot of stale shares and idle miners and they had some downtime, so I moved back to deepbit.
I'll give BTC Guild another shot in the future....
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Got 3 sapphire hd5850 xtreme running in my system. Trixx isn't working for me either, it just adjust the settings of one gpu (got dummy plugs in all of em!). Got RAM @ 500 with MSI Afterburner and GPU @ 790, getting a constant 309-310 Mh/s (11.2 SDK 2.3). Temp is kinda bad, 80°C on all GPU's with 80% Fan Speed. Can get GPU to 900 with MSI Afterburner but it's crashing after ~5 minutes. Unlockign MSI Afterburner didn't do anything too. Space on the mb is limited, i'm going to replace the heatsink with a setsugen 2 - should be a lil smaller then the ref heatsink. Hope the Setsugen 2 will handle the temp problem although I don't get any advantage of it since I can't OC the GPU to it's full potential. Would be nice to adjust the voltage somehow.
There is no point for you to OC more, as your temps are high as is. Keep things how they are, or lower your temps before trying to OC further. My 2x 5850's run @ 60C @ 845Mhz. I just can't find how to overvolt more than one card. If anyone can figure this out, I will tip them. Thanks. |
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There was an article published about it on Yahoo. I signed up to check it out. My old computer is getting 900KHash/sec right now. lol
I'm considering upgrading and giving this bitcoin thing a go. Question: How much could a guy expect to make mining in a pool with a new $1,000 machine (purchased wisely)?
Far less than you'll make by buying $1000 worth of bitcoins and sitting on them. Exactly, at the current rate your $1000 investment would be worth $5000 within 1-2 months. I believe every single person thats started mining to date could have made far more money investing money into bitcoin rather than mining hardware. |
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Could of, should of, would of etc. We can always hope we did something, but we didn't. Sure I spent $1k on mining hardware, and within 1 month I've more than paid it off already. Had I spent $1k on BTC @ $3, I'd be sitting on about $6,000 at current rates. The fact is though that mining is much less risky, considering you still own the hardware and can sell it at any time. --------- If you want more risk, buy now @ $19. Who knows it could hit $100 in a month's time. -------- Mining and holding the BTC might be a pretty good strategy. I told myself I'd keep 1/3 for long term investment. But when I saw $15 a coin, greed set in and I cashed in the 1/3 i set a side.  |
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I'm only able to adjust voltage on 1 card as well. Any suggestions?
I have monitors plugged into HDMI on both cards...
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But please, reconsider to at least put 2% fees!!! Currently we have 15% better luck in last 24 hours. And the total luck in current difficulty span is 8% better, that's much more than those 3% anyway. Sorry, but I have a reason to keep the fee at that value  What about a lower fee incentive for those with higher hash rate? 3% <1G hash, 2.5% 1G hash+ etc. I've been quite a lucky addition to the pool with my 1,200M hashes I've earned only 80-90BTC since I started, yet I've found 4 blocks for the pool! |
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I've got a question....
I have 2x 5850's, Trixx only seems to OC one card.
I see the OP mentioned adjusting the voltage with Trixx, then overclocking with afterburner.
Will Trixx apply the voltage increase to both cards, even though its not capable of overclocking more than one card?
Thanks!
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.06% - 1.2% depending on luck. Also keep in mine with deepbit there are no stale shares which currently account for .06% of my submitted shares. In reality fees are only 1.5% or so...
How can an average figure depend on luck? This does not make sense. Finding a block is about luck and probability. Finding an invalid block is unlucky, and subtracts from profits (but deepbit covers that loss). How does that not make sense? |
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I've found 3 blocks @ deepbit but only earned 90 BTC. So yes sometimes you get lucky.
If you have a lot of hashing power and don't mind seasons of good luck and bad luck, solo mining is the way to go.
Plus you'll earn more. 50BTC a block + transaction fees, and you shouldn't have downtime due to DDOS'ing or pool issues / maintenance.
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I think the best solution is having multiple pool fail overs.
We've seen DDOS's happen to a couple pools at once, but rarely more than that.
I'm not sure how you'd set up your miners, but there has to be a good solution to have 3 pools set up so if pool A goes down, goes to pool B, then to pool C.
Quite unlikely that all 3 pools would be down at the same time...
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