Funny how people like BCX are holding onto a lot of IXC and I0C and want to restart the scam so they get more suckers and take their USD. But hey, I guess someone has got to compete with King RealScam's chain right ? I mean it is a free market around here not a monopoly  |
|
|
|
|
Really can't wait for ScamCoin 3 with extra added troll KoolAid !
Please RS do this as it will benefit everyone. Thanks !
|
|
|
|
Hashrate has dropped, USD price hasn't rise. Block rewards are now ~$0.12 for entire block. It is simply reinforcing that mining isn't necessary or even desired in ScamCoin. The control nodes control everything and the massive reduction in money supply growth ensures only one person will be control ... ever. A nice tight little completely controlled playground.
The few that cling to it are doing so because they want to reinvent the wheel. Rather than make a better guess the number game in Bitcoins they make a crappy (but exclusive) one in ScamCoin. A change to do something without having that pesky thing called free market competition.
They invented the square wheel mate. It is not a real cryptocurrency. It is just the new ScamFiat ! |
|
|
|
Someone needs to start a new fork ... and soon . Thank you ! |
|
|
|
If they did not make the pre order 500 bucks fiasco then there would not be any money to run away with in the first place. Also, if they fail to deliver the products and your pre order money was just use to prototype etc. then you are really screwed. Pre ordering is pretty risky IMHO I never do it not even if they promise the moon and beyond  Fools and their money. I preordered Skyrim. First time I've ever pre-ordered anything. Steam better deliver, goddamnit. Well I think we both agree the risk is different if pre-ordering from a reputable company like Steam which has delivered before in the past and is well known compared to the risk of pre-ordering from a random startup located in a restaurant that has not delivered anything but a couple of pretty pics yet etc. |
|
|
|
If they did not make the pre order 500 bucks fiasco then there would not be any money to run away with in the first place. Also, if they fail to deliver the products and your pre order money was just use to prototype etc. then you are really screwed. Pre ordering is pretty risky IMHO I never do it not even if they promise the moon and beyond Fools and their money. |
|
|
|
WOW great list mate ! Really good effort right here. Well done. I think you should make a thread with all the LTC pools so newbies can find them easily etc. ! |
|
|
|
Basically everything that ScamCoin isn't and that something like Litecoin is. |
|
|
|
block_nTime=1317972665
block_nNonce=2084524493
What does that actually do? Guess it makes sure you are on real and longest blockchain and not on fork or testnet  |
|
|
|
I was thinking exactly that, but we could not start from here with that standard design for a rack?
I think that having many small modules with a single FPGA is not efficient for spending on individual fans and especially because a single USB controller could handle an entire plate of FPGA's so each module in the rack may be connected via USB to a hub and a computer within the same cabinet.
Agreed but PCIe "solves" 3 solutions 1) power distribution 2) data connectivity 3) standardized mounting 4) server sized cooling not individual board cooling Sure you could have larger boards, and figure out a way to rig usb cables to a hub to the host, run custom power lines to each of them, and then figure out some non-standard method to securely mount and cool them However using PCIe allows you to leverage existing technology like chassis with redundant midplane cooling, backplanes for securely mounting cards, ATX motherboards for connectivity and power. I don't think we will see PCIe solutions anytime soon but on the other hand I can't imagine if Bitcoin is around in 5 years that the "solution" is a bunch of usb boards jury rigged inside a case connected to usb hub. For example take a look at this "industrial chassis" http://www.adlinktech.com/PD/marketing/Datasheet/RK-440/RK-440_Datasheet_1.pdfNotice the midplane fans designed to cool expansion cards and the 18 expansion slots. It uses a "single board computer" where the "motherboard" is actually mounted perpendicular to a backplane just like any other expansion card. This is the kind of setup that is used for other "industrial" servers like cable video mulxiplexing, high speed network switching, digital signal processing, etc. Hey D&T : Since you seem very knowledgeable on these damn backplates I have one question for you. Do you think they can be used to mine with them etc. ? I researched this and I think it is quite nice solution but not that cheap unfortunately. Eg will the costs be insane ? Power distribution in backplane ? Bandwidth in backplane etc. ? Thanks ! |
|
|
|
|
Well had any fish hooked so far with this ?
|
|
|
|
Well done for MM implementation. Now, if you could just lower the fees |
|
|
|
Not centrally controlled by design, stop jerking off to the rhetoric. It has a small amount of centralized economic consolidation, which is planned to be controlled by a non-profit.
Not centrally controlled by design? Are you stupid? Ok Viper Lemon Bitch I will *pretend* that central control was accidental LOL, but it is still centrally controlled, thank you for explaining. Small amount of control? Again Are you stupid? Coinhunter recently demonstrated that he could totally force any code change he wanted no matter how many of the peasant miners objected. Case in point, (IRC logs below) Ahimoth one of the top SC "co-conspirators" was complaining about not knowing no more than 3 minutes in advance of the block reward change from 32 to 5. A lot of the inner circle chimed in and basically RS said "Tough Shit". CH/RS confirms he didn't ask, discuss or need anyone's permission to change his block chain. It doesn't matter if it is CH/RS, A Non Profit or God himself, Central Control is just that, no matter who or what wields it. This is nothing more than Paypal without any of the good and no real merchant system will trade with a system that can be stopped, can be manipulated or hijacked at will, at any time by a single entity, no matter who it is. ~BCX~ IRC Logs showing CH/RS demonstrating his total control[23:36] <@RealSolid> FlipPro: no one except ahimoth knew about the 5SC change [23:36] <Sp0tter> blobber_: why not now? [23:36] <@RealSolid> and he only knew about it 3 minutes before i told the channel [23:36] <FlipPro> I know this [23:36] <FlipPro> Thats a PROBLEM [23:36] <Sp0tter> thats part of the problem [23:36] <Sp0tter> yea... [23:36] <@RealSolid> no its good The King changes the rules of the game, the peasants must obey and conform You don't argue with his lordship, King Real SolidScam. |
|
|
|
Why aren't there any pcie cards with only a few fpgas & some power converters on it?
That would be the most cost effective solution as modern fpgas have native pcie endnodes and pcie even has a jtag interface built in. All we need is drivers, a 2 layer pcb and a panel sheet to mount it.
Why use PCIE interfaces? USB1.1 is much better. I am thinking scalability and density. Evetually Bitcoin will move beyond hobbyist and open boards into high density datacenter designs. Getting large number of GPU in a rack mount server is simply impossible due to the thermal load. FPGA make that possible someday. I see that as the endgame for FPGA. A PCIe board can supply power and data over single connector. It also make a convinent way to mount multiple FPGA inside a standardized chasis. I would love someday to put a FPGA array in a co-location datacenter to reduce risk of loss due to theft, power, fire, damage. I full length board would be able to mount maybe 5 FPGA for half-height board and maybe 10 for full height board. That creates some interesting datacenter quality arrays. 2U server could mount 4 boards or 20 FPGA total for ~4GH/s using maybe 300W for entire system (at the wall). A standard datacenter rack could hold a 80GH and run on a single 30A 208V power connection. The higher density would make things like remote power control and KVM over IP economical. Too bad the demand is too low now. I think BFL labs is scam too. I mean why go through all that development when the price of BTC can crash any day now and people will stop buying mining equipment etc. Even in other industries FPGA is almost never heard of. I never heard about FPGAs until Bitcoin etc. |
|
|
|
The most current dedicated (non-bot) miners are from Russia/Eastern Europe/ex-USSR, and are, frankly, artless opportunistic criminals (the worst sort IMO). They use streetlight/communal blocks’/schools’/gov. buildings’/etc. electricity due to lax laws/detection/enforcement/etc. Got the right demographic there mate. Interesting tidbit on the BFL preorder page:
"Funds: Pre-order funds are not held in escrow so if you aren't comfortable with our using your payment to prepare your product, you are encouraged to wait and make your order after post production units become available at the standard price of $599."
The short version: NO REFUNDS!
BFL, if you care to dispel these ongoing rumors that you're not a real business, here's what you can do: invite Inaba to stop by your offices and show him around. Show him your lab space and equipment. Let him hook one of your test units up to his pool for a few minutes.
You can refute all of the nay-sayers, myself included, by giving a trusted member of the bitcoin community a peek at your stuff. If Inaba says you're legit then I'm on board too.
Completely agree. This is why I keep thinking this is a scam. Lots of promises and no delivering to anyone ? Live demo event ? When ? Where ? |
|
|
|
I've had a 1+ BTC for a day and have yet to get a payout. I thought first block after ~.68, me gets payed? What the haps on that?
Same here mate. Payout queue is a bit odd. Got paid at around 1.1 BTC every time but now I am at 1.5 BTC and still not paid. LOL ! |
|
|
|
I like you proposal and it sounds good. Why not implement it already mate ? I feel you like to talk a lot but little coding or actual doing the coin Any benefits for early adopters or did I get that wrong too ? To the skeptics : nothing is ever 100% perfect. Not Satoshi. Not bitcoin. Nothing. |
|
|
|
bottom line:
If you not hashing fast enough at some point the rate of declineing payoff will exceed the shares your miner can submit and you loose to the big boys (especially when's hard to find a share)
You are quite wrong about that because you misunderstand how a proportional pool works. You will get less variance with a PPS pool but a lower average payout. PPS pools need to give you a lower average payout by design as they are covering the variance. What about 0% fee PPS pools like ABC pool etc. !? Diminished earnings compared to prop system or not ? For the love of God! Doesn't anyone inform themselves anymore @ wikipedia and mining guides? A pps pool with 0% fee would be great, except the pool will go bankrupt in no time. A ppl pool always take takes the full risk and may actually end up paying out much more to miners than it is making as a whole. And for those other comments, what is the deal with that fanboy naming? Has this become the new standard 'Secret of Monkey Island'TM answer if you can't counter an argument on the basis of matter of fact? ;-) No offence. I mine @ Slush not because of an awesome man-crush on czech programmers but simply because this pool offers low fees, long polling, merged mining and a way to counter pool hopping. I honestly liked BtcGuild but found out that my payouts at 0% prop were somehow less than at Slush's pool over the time of two months. And during that, there were downtimes over there as well. I tried deepbit (10%) and quickly decided against it, if you are willing to go pps, surely there are cheaper alternatives since variance is not a problem with any pps, or is it? I tried other pps pools, but they still have quite high fees and no merged mining. If they do offer merged mining and pps, they have hidden transfer fees that sum up to 10% again (NMCBit). At least we know why people choose deepbit now, they didn't understand the entire variance thing yet and need to educate themselves a bit more. Bigger pool isn't always better, quite literally. Well then I don't see Ars, abcpool and eligius going bankrupt any time soon yet they offer 0% fee PPS with MM too !? Maybe they are just about to go bankrupt Ars and Eligius aren't PPS. OK well I get the fact that they are both SMPPS and thus never pays more than the pool earns. But ... there must be some pool out there with really 0% fees and real PPS system and only transaction fees pay for the running of the pool  Or am I just dreaming ? |
|
|
|
bottom line:
If you not hashing fast enough at some point the rate of declineing payoff will exceed the shares your miner can submit and you loose to the big boys (especially when's hard to find a share)
You are quite wrong about that because you misunderstand how a proportional pool works. You will get less variance with a PPS pool but a lower average payout. PPS pools need to give you a lower average payout by design as they are covering the variance. What about 0% fee PPS pools like ABC pool etc. !? Diminished earnings compared to prop system or not ? For the love of God! Doesn't anyone inform themselves anymore @ wikipedia and mining guides? A pps pool with 0% fee would be great, except the pool will go bankrupt in no time. A ppl pool always take takes the full risk and may actually end up paying out much more to miners than it is making as a whole. And for those other comments, what is the deal with that fanboy naming? Has this become the new standard 'Secret of Monkey Island'TM answer if you can't counter an argument on the basis of matter of fact? ;-) No offence. I mine @ Slush not because of an awesome man-crush on czech programmers but simply because this pool offers low fees, long polling, merged mining and a way to counter pool hopping. I honestly liked BtcGuild but found out that my payouts at 0% prop were somehow less than at Slush's pool over the time of two months. And during that, there were downtimes over there as well. I tried deepbit (10%) and quickly decided against it, if you are willing to go pps, surely there are cheaper alternatives since variance is not a problem with any pps, or is it? I tried other pps pools, but they still have quite high fees and no merged mining. If they do offer merged mining and pps, they have hidden transfer fees that sum up to 10% again (NMCBit). At least we know why people choose deepbit now, they didn't understand the entire variance thing yet and need to educate themselves a bit more. Bigger pool isn't always better, quite literally. Well then I don't see Ars, abcpool and eligius going bankrupt any time soon yet they offer 0% fee PPS with MM too !? Maybe they are just about to go bankrupt |
|
|
|
|
I just want to be able to pump and dump EnCoin. Is that too much to ask for ? And a viable ETA because ATM it is all just talk no walk.
|
|
|
|
|
Show Posts
