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461  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: August 23, 2014, 09:34:45 PM
Has anyone read about Matt Corallo's new "bitcoin backbone project" - https://bitcoinfoundation.org/2014/08/a-bitcoin-backbone - would it make sense to connect bitcoind from a P2Pool set up to this low latency backbone.

My take was that what Matt is doing is very cool and when blocks are several MB in size something like this or Gavin's alternative proposal for eliminating retransmission of transactions with every block will be important.

For me, each of my nodes has a connection which p2pool and bitcoind never come close to utilising. So I didn't think the block size was a particularly big deal at the moment from a speed perspective. Don't know if that's been actively researched.

If Matt's built it and it works then I see no reason not to connect to one of his nodes to gain the benefit of it.

I'll be adding Coin Cadence to his east coast relay on the next restart.

If you are running bitcoin-qt, you don't need to wait for a restart - you can just type:

Code:
addnode public.us-east.relay.mattcorallo.com add

in the debug console.
462  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2014, 04:29:05 PM
I'm casting my cares aside
I'm leaving my past behind
I'm setting my heart and mind on You
Bitcoin

I'm reaching my hand to Yours
Believing there's so much more
Knowing that all You have in store for me is good
Is good

Today is the day You have made
I will rejoice and be glad in it
Today is the day You have made
I will rejoice and be glad in it

And I wont worry about tomorrow
Im trusting in what You say
Today is the day

Oh, oh, oh

Cocaine is a helluva drug...


did somebody mention cocaine?

Sometimes cocaine causes people to wax exuberant (even excessively so) about subjects they are fond of Smiley  I think we may have an example here Wink

On the Dave Chappelle Show, there was a series of stories told by Charley Murphy (Eddie's brother) about his adventures with Rick James, which usually involved Rick doing some crazy shit.  He invariably explained the aforesaid 'crazy shit' by saying "Cocaine is a helluva drug...".

I thought it was funny Smiley  Clearly, I am alone in this sentiment Cheesy
463  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2014, 03:45:42 PM
I'm casting my cares aside
I'm leaving my past behind
I'm setting my heart and mind on You
Bitcoin

I'm reaching my hand to Yours
Believing there's so much more
Knowing that all You have in store for me is good
Is good

Today is the day You have made
I will rejoice and be glad in it
Today is the day You have made
I will rejoice and be glad in it

And I wont worry about tomorrow
Im trusting in what You say
Today is the day

Oh, oh, oh

Cocaine is a helluva drug...
464  Bitcoin / Mining software (miners) / Re: BFGMiner 4.7.0: GBT+Strtm, RPC, Mac/Lnx/W64, Spondoolies SP10, Nicehash on: August 20, 2014, 04:57:28 PM
I must be having a senior moment...I can't find the D/L. Can you put up the link? Thanks

D/L links are on page 1 of this very thread.
465  Bitcoin / Mining speculation / Re: Who Keeps Adding Mining Capacity? on: August 20, 2014, 02:02:47 PM
According to some sources, large farms will be coming online every month or so pushing the hashrate to between 400 and 700PH by XMAS. If that is true, then set your clocks for a DIFF of between 509 and 809 by XMAS.

Quote
Bitcoin Difficulty:   23,844,670,039
Estimated Next Difficulty:   27,938,012,015 (+17.17%)
Adjust time:   After 1938 Blocks, About 13.2 days
Hashrate(?):   187,336,606 GH/s

509 is 1,953,125,000,000,000.  Maybe you mean 50+E09 or something like that?  I doubt diff will be in the quadrillions by Christmas  Cheesy

466  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 19, 2014, 09:11:20 PM
I believe Jorge has said that he is an Italian native also.  Maybe he forgot his Italian since he has been away... Wink

My parents were Italian, from the Veneto region.  But I was in Nāpuli recently, and I happen to know a bit of Napulitānu, e.g.  http://www.ic.unicamp.br/~stolfi/misc/PigliateNaPastiglia.txt

I have it from a reliable source that when God created the English language He initially meant to call the city "Neaples", from the Greek, and the things from there "Napolitan", from Italian; but He then switched the spellings around, and does not remember why.

He does that kind of thing a lot with the English language, i.e. calling a country "Holland", but every thing from that country "Dutch" Smiley
467  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 19, 2014, 08:44:28 PM
As they say in Neaples...
For some reason that not even God knows, the city is called Naples in English, but anything from there is Neapolitan.

God does know - and so do I.  Neapolitan comes from the original Greek name of the city Neapolis  Tongue



Well, sometimes i think i spoke my own language you know  Wink.

Addendum: Neapolis = new city

I believe Jorge has said that he is an Italian native also.  Maybe he forgot his Italian since he has been away... Wink



468  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 19, 2014, 08:37:32 PM
As they say in Neaples...
For some reason that not even God knows, the city is called Naples in English, but anything from there is Neapolitan.

God does know - and so do I.  Neapolitan comes from the original Greek name of the city Neapolis  Tongue
469  Bitcoin / Mining / Re: "share above topic" on: August 19, 2014, 04:33:21 PM
I am solo mining btc using sha256 hw and cgminer 4.5.0. The miner is occasionally accepting shares but most are "share above target". Anyone know a solution???

In solo mining, there really are no "shares".  Until your miner produces a hash that is equal to or greater than the network difficulty, nothing will be accepted.  When one is accepted, you will have mined a block, and will receive 25 BTC + transaction fees.

I assume here that you are using the GBT solo-mining mode of cgminer and mining directly to a local bitcoin node.
470  Bitcoin / Pools / Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread) on: August 14, 2014, 01:21:43 PM
Interested why the multi hundred TH accounts don't operate as private pools?
Is it that there is no advantage especially considering the 0% fee, and basically, just much simpler to point to Eligius?

Would someone be kind enough to maybe give some calcs as to what TH you would benefit going private?

Theoretically, you will make exactly the same BTC over time mining solo as you would on a no-fee pool that pays out transaction fees (like Eligius).  The only real difference is expected variance.  If you see minimizing variance as a desirable goal, it is advantageous to pool-mine, even if you have a lot of hash power, because variance( pool + my hashpower) will always be less than variance(my hashpower).
471  Bitcoin / Mining software (miners) / Re: BFGMiner 4.5.0: GBT+Strtm, RPC, Mac/Lnx/W64 on: July 31, 2014, 03:56:36 PM
I have a handful of miscellaneous old mining hardware (10 block erupters, 1 Jalapeno, and 2 BE Blades) with a total of about 30GH running in one instance of BFGMiner (pulled from git a few days ago, version visible in the screenshot below), and this morning I noticed that the mining rate was displaying in TH, instead of the usual GH.  I have seen this before once, when I solo-mined a block with this same HW about 15 hours after starting to mine - but in this case, no block was mined.  I figured that maybe one of the devices had submitted a very high-diff share that got rejected, but this does not seem to be the case either.

In the screen shot below, taken some time after the 'event', you can see that the BES7 device is apparently the one that generated a high share (its rate is displayed in TH while all the others are in GH or MH), but looking at the log, I don't see ANY indication of that device generating a big share, neither accepted nor rejected:




LOG SNIPPET -  All it shows is a share of 55/32 by PXY 1 (a BE Blade), then the rate changes to EH from GH with no indication on any share generated by BES 7:

 [2014-07-31 05:45:19] 5s:25.49 avg:30.21 u:28.65 Gh/s | A:51983 R:926+15(1.3%) HW:104175/3.9%
 [2014-07-31 05:45:24] 5s:25.24 avg:30.21 u:28.65 Gh/s | A:51983 R:926+15(1.3%) HW:104175/3.9%
 [2014-07-31 05:45:29] 5s:29.01 avg:30.21 u:28.65 Gh/s | A:51983 R:926+15(1.3%) HW:104176/3.9%
 [2014-07-31 05:45:34] 5s:27.39 avg:30.21 u:28.65 Gh/s | A:51983 R:926+15(1.3%) HW:104176/3.9%
 [2014-07-31 05:45:35] Accepted 049e34be PXY 1  pool 2 Diff 55/32
 [2014-07-31 05:45:39] 5s: 1.43 avg: 0.00 u: 0.00 Eh/s | A:51984 R:926+15(1.3%) HW:104177/3.9%

 [2014-07-31 05:45:44] 5s:873.2 avg: 0.05 u: 0.00 Ph/s | A:51984 R:926+15(1.3%) HW:104178/3.9%
 [2014-07-31 05:45:49] 5s:534.7 avg: 0.05 u: 0.00 Ph/s | A:51984 R:926+15(1.3%) HW:104180/3.9%
 [2014-07-31 05:45:52] Accepted 0325d931 PXY 0  pool 2 Diff 81/32
 [2014-07-31 05:45:54] Accepted 0083bd86 BFL 0  pool 2 Diff 497/32
 [2014-07-31 05:45:54] 5s:327.4 avg: 0.05 u: 0.00 Ph/s | A:51985 R:926+15(1.3%) HW:104182/3.9%
 [2014-07-31 05:45:59] 5s:200.5 avg: 0.05 u: 0.00 Ph/s | A:51986 R:926+15(1.3%) HW:104182/3.9%

Can anyone explain to me how this can happen?  Did I lose a potentially block-solving share due to a bug?
472  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 29, 2014, 08:10:51 PM
If Irving Fisher was here, he'd say the number of pages in this thread has reached a permanently high plateau.

If this had been posted right before 'The Great Deletion of 7777', he would've been just as wrong this time too Wink
473  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: July 28, 2014, 06:09:41 PM
I'm looking for a calculator,  something that takes into account the current p2pool hashrate and yours and gives you an accurate estimate per block  how much you should make,  so I can verify that my miner is working correctly and my payout makes sense

http://localhost:9332 will give you that information if you are running your own node.  The 1st page will tell you your current payout if a block is found now (based on shares actually found), and it also shows an estimate of what you should earn per block if you maintain your current hash rate for 24 hours.


This will show me based on "your"  hashrate,  averaged over a 3 day PPLNS period,  your expected earnings are 0.xyz BTC per block.

This doesn't give me how much btc my "abc"  hashrate (divide by current total pool speed) will give me if my miner continues to reliably hash at "abc"  hashrate

I must be misunderstanding what you are looking for...  Doesn't the bolded part above tell you exactly that?  I know it was fairly accurate at predicting my payouts when I was mining on P2Pool.

474  Bitcoin / Pools / Re: [600 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: July 28, 2014, 05:53:31 PM
I'm looking for a calculator,  something that takes into account the current p2pool hashrate and yours and gives you an accurate estimate per block  how much you should make,  so I can verify that my miner is working correctly and my payout makes sense

http://localhost:9332 will give you that information if you are running your own node.  The 1st page will tell you your current payout if a block is found now (based on shares actually found), and it also shows an estimate of what you should earn per block if you maintain your current hash rate for 24 hours.
475  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2014, 07:53:46 PM

476  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2014, 01:38:44 AM
The blockchain, is that entity, it is public open and imitable, you voluntarily adhere to the rules and reap all the rewords of corporation in the market,  or you don't.

I definitely agree with this - this is the fundamental basis of my interest in Bitcoin.
477  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2014, 01:33:03 AM
You may have discussed some of these principles with someone on this forum.  It was not me.

I see it exactly the opposite way from you:  The regulations you believe are necessary for a free market (ironic, if you think about it) are always and everywhere used to subvert market forces, and give preference to whichever entity has the most political control over the 'regulators'.
Yeah, sorry, it must have been in some other thread.

The "free" in capitalism's "free market" does  not mean "free from regulations", but rather that "suppliers and customers can freely choose each other, and new suppliers and customers can freely enter the market if it seems advantageous to them". Thus, even a highly regulated market can be free as long the regulations do not prevent the entry of competitors.  Theory says that such a free market will tend to achieve a fair price -- cost plus a small percentage of proft -- that makes it as profitable as any other market.

However, a strong government and proper regulation is necessary to keep a market free; because otherwise the leading suppliers will use their position to keep competition away, e.g. by dumping, controlling the supply of raw materials, false advertising, lobbying for exclusive laws, etc.. Without adequate antitrust and consumer protection laws, every market quickly becomes  a monopoly or oligopoly, that converges to a price that will maximize the suppliers' net revenue -- usually much higher than the fair price of a free market.



I think the point I am failing to convey to you is that government and regulation pose EXACTLY the same threat that you ascribe solely to the market participants.  Yes, it is theoretically possible for a regulated market to be a free market, but we need only to observe the real world we live in to see that that never really happens.

I believe that we live in a world that is not painted purely in swaths of black and white.  The truth rarely lies in absolutes at either end of any spectrum.

I agree with you that bad actors in the economy would subvert free markets if allowed to do so, BUT so will their agents, the government, if empowered to do so.

Total freedom in the sense of absolutely no restraint, is certainly never desirable...  My need for individual liberty does not demand that I have the freedom to coerce and murder, and economic entities should certainly be held to the same standard.  THAT is the problem that needs to be solved: how do we prevent the players in the game from bending the rules in their own favor, thus cheating the other participants?  The answer is surely not as simple as government regulation - that is just another cheating mechanism.

I don't claim to know what the ideal answer is.  I imagine that there probably is no ideal answer, really.  But I do know that empowering regulators is just arming the enemy.

We need to find the sweet spot...  We need to cut through the vast web of regulations that have become the worst part of the problem, while still requiring the players to play fair.

It's not a trivial task, and the answer is not going to be something you can put on a bumper sticker or into a sound bite.  And it won't be yet more government regulation either.

478  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 22, 2014, 11:46:35 PM
So your definition of 'ultra-capitalism' is plutocracy?  I think the more plutocratic a society is, the less possible free markets are - and the lack of free markets is antithetical to any kind of real capitalism.  I would call such a country 'faux-capitalist', not 'ultra-capitalist'.

Crony capitalism is no more representative of "capitalism" than rigged elections are representative of "democracy".
Hm, we have been through this discussion before, haven't we?

People seem to mean very different things by "free market".  The Libertarian definition seems to be "totally unregulated market" which in my experience instantly degenerates into oligopoly or monopoly market, typical of crony capitalism.  If "ultra-capitalist" is not that, what would it be?

I believe that a relatively free market can only be sustained if it is regulated by a government that is commited to it and is stronger than any individual supplier (or consumer), or any small group thereof. 

That is visibly no longer the case in the US, for many markets (such as TV, energy, banking, operating systems, ...)  It has always been worse in Brazil...

You may have discussed some of these principles with someone on this forum.  It was not me.

I see it exactly the opposite way from you:  The regulations you believe are necessary for a free market (ironic, if you think about it) are always and everywhere used to subvert market forces, and give preference to whichever entity has the most political control over the 'regulators'.

I can't speak for all Libertarians, but personally, I believe that an entity of some kind is necessary to prevent those who would deprive others of their life, liberty, or property from doing so - and I believe that acting in a manner that would make free markets less free is one way of imposing such deprivation, and consequently, should be prevented.

The goal is to minimize coercion as much as possible.  It will always be necessary, however, to coerce those who would harm others into not doing so.



479  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 22, 2014, 11:02:50 PM
What exactly do you define as 'ultra-capitalist'?  Could you name a few such countries, just so I understand what you mean here?
Mine, for example.  A little bit less now than 20 years ago perhaps, but still much more plutocratic than the US.

So your definition of 'ultra-capitalism' is plutocracy?  I think the more plutocratic a society is, the less possible free markets are - and the lack of free markets is antithetical to any kind of real capitalism.  I would call such a country 'faux-capitalist', not 'ultra-capitalist'.

Crony capitalism is no more representative of "capitalism" than rigged elections are representative of "democracy".

480  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 22, 2014, 09:01:13 PM
Ha! Try using any ultra-capitalist third-world country instead of East Germany, and you will reach the opposite conclusion...

What exactly do you define as 'ultra-capitalist'?  Could you name a few such countries, just so I understand what you mean here?
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