I think it's because with solo it's either wrong or right (and you get the 50btc).
That explains the small number of 'subm'. I guess I'm just trying to understand what 'proc' and 'stale' are all about. Perhaps hashkill is sending difficulty 1 shares to bitcoind which rejects most of them or something. By the way, when I mine with a pool I get practically no stale shares. After another 30 mins I have: Speed: 695 MHash/sec [proc: 1022] [subm: 8] [stale: 581] [eff: 0%] So it seems like I was just a little unlucky in the first 30 mins. |
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Hi,
I'm trying to mine solo using hashkill and am confused by the program output. After 30 mins on the bitcoin testnet I have.
Speed: 695 MHash/sec [proc: 477] [subm: 2] [stale: 272] [eff: 0%]
Can anyone explain the seemingly large number of stale shares?
This is for 2 5850s both clocked at 890/900 at temperatures of 87C and 81C respectively. The reported MHash/sec is holding steady.
Checking with bitcoind and the testnet block explorer I can confirm that the two 'subm' shares are the 2 generated blocks. The difficulty on the testnet is currently 45.50177646 and has been for the entire 30 mins and the bitcoin generation calculator gives an average of 6.4 blocks for every 30 mins. Perhaps I've just been a little unlucky and I'll continue to run this for another 30 mins.
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A simple nerd popularity ladder. bitcoin - xkcd - debian - chess - tetris |
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I read somewhere that the private keys in one's wallet are not needed for generating blocks with that wallet; that only the public keys are needed. Is there a way I can cut out the private keys from a copy of my wallet and still run bitcoind for mining? Would I have to edit the source for bitcoind to do this?
The goal is to create a solo miner such that a hacker with root access is unable to spend the mined coins.
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Can anyone explain why on the main forum for a new crypto-currency; a futuristic concept which should surely attract only those who have interest in and a good understanding of economics, mathematics, and computer security; that the most insightful and informative thread consists of 6 pages of naff jokes and images of cats?
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Not only is the Bitcoin client multi-platform but Bitcoin itself tries to adhere to the philosophies and expectations of several platforms:
Linux: Created by enthusiastic amateurs.
Mac: A futuristic idea with traction.
Windows: Crashes frequently.
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Having said that...
The EFF themselves are in a difficult position. If they make a decision as to where the coins go then they could be undermining their position as future defenders of Bitcoin (even if they donate the total to a charity it would be a charity of their choosing). If they have no say, destroy the coins, or fund the faucet, then the donors, even those that understand the motivation, will lose some faith in the EFF. In light of this, making a token effort to return the coins to the donors before offloading the rest in ostensibly neutral way makes sense and, indeed, is arguably the right thing to do.
Note: I have donated 80 BTC to the EFF and so my argument is coloured with personal greed.
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I personally like the idea of a trust fund for Bitcoin held by some of the developers / elders with the purpose of legal defense for Bitcoin. We could probably work out some kind of trust instrument which ensures it would only be used for purposes in the spirit of the EFF's work. It may well be that the EFF qualifies for the money some day but it shall not be held explicitly for them (due to the reasons mentioned).
Of course, Gavin would have to take the trouble to set this up but I think such a fund might come in very handy for the Bitcoin community and would probably be the closest thing to the original intentions of the donors.
I'm sure such a fund held by reputable members would receive even further donations!
This is a brilliant idea IMHO (unless the EFF explicitly wants to give it to the faucet as they have stated), because it is probably what the original donors wanted anyway. Plus, I believe such a fund might be very much needed soon. Even if the EFF money goes somewhere else we should think about setting up such a fund. My main motivation for donating to the EFF stems from my philosophy on the oxymoron "intellectual property". I also highly value TOR and support work done to allow people to communicate with one another against the wishes of highly authoritarian governments. A legal defence of Bitcoin misses the mark for me. However, if this fund is controlled by Gavin (or someone Gavin can personally vouch for), is specifically for the legal defense of Bitcoin (possibly also namecoin), and the fund is used in the spirit of the EFF's work as suggested, then I must admit that the idea has merit. |
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EFF blog post: https://www.eff.org/deeplinks/2011/06/eff-and-bitcoinRE: refunding donations by proving you own one of the private keys that donated: interesting idea! Anybody willing to write code to do that? Could be a fun project... (find all the transactions that donated to EFF, dig out the public keys, come up with a way to sign/verify a message with private key proving you own a public key, then keep track of which donation transactions have already been refunded) I made a sizeable donation to the EFF when they first announced their acceptance of bitcoin donations so I would offer a 10 bitcoin bounty on this project if someone could develop a way to refund the bitcoins easily so Gavin doesn't have to manually go through them. This code would be handy for other initiatives or startups that get discontinued and the original investors can recoup some of their investment. I wouldn't know about the difficulty of creating such a system but I do very much like the idea of being able to sign messages with my wallet. Unfortunately I'm down to my last 7.16 BTC and am avoiding all exchanges for a little while so I can only manage a pledge of 2 BTC. If the EFF decides to allow a short period for people to reclaim their donations and the aforementioned system is instrumental in this then I will send an additional 10 BTC on being reimbursed. |
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did I miss something or is it still not known how much it is? Transparency rulez!
I dug out the address I originally donated to and whacked it into blockexplorer.com http://blockexplorer.com/address/1MCwBbhNGp5hRm5rC1Aims2YFRe2SXPYKtThis address has received about 3500 BTC in total. I'd imagine this is everything but there could be other donation addresses out there too. |
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Why not give them to Bruce Wagner's "bitcoin firehydrant"? At least we'd get a nice publicity event that might be pro bitcoin for a change when a million people queue up for free bitcoins in NYC. I think a lot of people who donated to a non-profit will object to the difference with what Bruce is doing. Holding on to the coins until the EFF comes off the fence would be best I think. In the future it is likely there will be significant legal contention concerning Bitcoin. At this point the EFF is one of the first organisations which comes to mind which might choose to defend Bitcoin. Their position would be weakened if they held a large sum of Bitcoins themselves. Very high level of signal to noise ratio in this thread, lots of thoughtful posts, how refreshing  Yes, how odd. I didn't like the trolls but now that they're absent I find myself missing them. |
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It's a shame, though I certainly understand the reasons behind their actions. (Basically, they aren't sure of the legal implications, and don't want to be a test case, and they also don't want to be seen as endorsing bitcoins.) However, I would rather see most of the coins go to another organisation, such as the FSF or Freenet. I donated (either 10 or 15 bitcoin, back when they weren't worth as much) specifically to help fight for Internet freedom. While I like the idea of some of they money going to the Faucet, I don't see the need for all of it going there. After all, the Faucet can run off a trickle. Hopefully they think about their decision a bit more before they go through with it. Sorry, I started composing my post shortly after you posted. I didn't know FSF accepted Bitcoin, thanks for this. Yes, along with the best pro-Bitcoin suggestions I think these possibilities should be mentioned. I'm hopeful that the EFF will find a good balance if they are given enough options. |
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However we're talking about the bitcoins which people have donated to the EFF, not to the faucet (or even to the success of Bitcoin). Diverting the funds to a pro-bitcoin project on the whim of a few forum posts is irresponsible.
If the EFF specifically want to support Bitcoin and specifically by funding the faucet then fine, they may spend their coins as they see fit, but I think they could have put those funds to far better use. As I said before, fiat donors of the EFF would probably be upset to see the EFF simply funnel all their funds into the faucet. If my donations will be treated with more respect if I donate in fiat then I will avoid using Bitcoin for donations from here on.
Gavin was contacted by the EFF, not the other way around (see OP). Gavin asked this forum for ideas on what he should do (he didn't say he was going to do them, he's taking a temperature) The EFF was clear that they will NOT be converting the funds to cash, and that they see no way to return the funds legitimately, hence they reached out to Gavin to ask for ideas of what to do with them. Based on all of the above, it would seem that they should do: a) Donate them to the developers to assist with costs on improving the client, protocol, and security issues (if any) around Bitcoin. b) Donate them to the "Community" via the Faucet. c) Fund pro-Bitcoin projects, in Bitcoins. These could be bounties for bugs, funds for new projects, attorney fees (paid in BTC), etc. We're just providing ideas, ultimately it's Gavin who will make suggestions back to the EFF. Also, wouldn't it provide much more impact for the Bitcoin community if the EFF did C above? Showing that this currency can get real-world issues solved and people will do real work for them. I would think that just having the EFF convert them to cash and then spend the cash would be kind of a failure on the part of the community. That means Bitcoins are just a commodity, not a currency, to be speculated with. Use them directly, buy things with them, pay for labor with them, but definitely don't just hold them. I see where you're coming from and I'm aware that the EFF contacted Gavin, not the other way around. I'm guessing that by declaring that they will not be converting the funds to cash that they are also opposed to having a third party convert the funds to cash and then donate the cash to them (legal mess). What I'm not clear on is wether the EFF aim to support Bitcoin directly or simply seek advice from Gavin. If the former is the case I have no problem, the EFF have received funds and now they want to put them to use supporting a new cryptographic currency - fair play. In the latter case it would be good to see some non-Bitcoin suggestions too. For example, the EFF could donate the total to torservers.net (they seem to be more closely associated with torservers than with bitcoin so they may feel more comfortable with this). |
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I don't know how effective the faucet is now due to abuse, but personally it was my very first bitcoin transaction that I received. It clearly demonstrated how Bitcoin worked for me real time and help me take a step closer to using Bitcoin personally. I say Faucet would be one cause that we can all agree on as a community which is to promote for the success of Bitcoin.
Personally I'm a fan of the faucet. I got my first 5 BTC there. I've since donated 10 BTC back and am impressed with how it's come along. However we're talking about the bitcoins which people have donated to the EFF, not to the faucet (or even to the success of Bitcoin). Diverting the funds to a pro-bitcoin project on the whim of a few forum posts is irresponsible. If the EFF specifically want to support Bitcoin and specifically by funding the faucet then fine, they may spend their coins as they see fit, but I think they could have put those funds to far better use. As I said before, fiat donors of the EFF would probably be upset to see the EFF simply funnel all their funds into the faucet. If my donations will be treated with more respect if I donate in fiat then I will avoid using Bitcoin for donations from here on. |
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If the EFF cannot use my donation in the form of BTC then I would either want my donation returned to me (if possible) or converted to fiat and donated back to the EFF.
I'm not keen on the money going into the faucet. This is not much better than my donating fiat to the EFF only to have them convert it all to BTC and donate it to the faucet.
I see that torservers.net still has a bitcoin donation address although they have close contact with the EFF. Is it likely that they too will have to give up accepting BTC donations?
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So from the above it would seem that having a "Place order" above the order book would be useful. I wasn't really expecting to have to do any work from the home page, that's normally associated with a bit of marketing fluff. Although it would probably involve a redesign of the layout, I'd expect to see a "Place order" box prominently displayed on every page (perhaps on the left in a column).
It was surprising to find that the page used to place an order is the home page. Rather than adding arbitrary links everywhere I would perhaps add extend the label 'Home - Return home' to 'Home - Place an order' in the right-hand navigation list. The way that an appropriate amount of BTC/GBP is filled in when you enter the GBP/BTC you want to trade (using the best ask/bid) is good but given that - The market volume is rather low. - The rate is such a vital piece of information in placing an order. I would suggest that beneath the currency converter section on the home page there could be a section which lists the 3 best bids and asks (rate, giving, and wanting). This would be useful for people wanting to place an order roughly in the middle of the spread and also quite useful for those of us who want to buy/sell 50 BTC or more and would like to see if the best bid(s) ask(s) are for significant sums. Also, I find myself doing a lot of copying between the orderbook and the homepage for various reasons. I currently keep two tabs open for these pages and switch between them frequently but I'm only interested in the best 3 or so from the bid and ask lists (so there is a lot of scrolling going on too). Anyway, not a request, just a suggestion. |
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Another reassuring message: requested GBP withdrawal yesterday (bank holiday) ; in my bank this morning.
Definitely a happy customer.
My sentiments exactly. I've now made 3 withdrawals to my Lloyds TSB account and each one has taken less than 36 hours from the initial request to appearing in my bank account. It was merely unfortunate that the transaction which never went through was also my first withdrawal. This is a great service genjix, thanks. Do you accept donations? Maybe even donations in Bitcoin?  |
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It's working fine for me.
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I've just gone to check on my Lloyds TSB withdrawal and found that the request was verified, processed, and the funds were cleared and in my bank account all in the same day!
I will certainly be using Lloyds TSB from now on and issue a general warning to anyone using Barclays. I'll consider the 22 GBP as lost as it seems there is nothing left I can do to retrieve it.
It seems my lost funds are not a common occurance and indeed I have a friend who has had great success with this site. Thanks again for all of your hard work genjix and I hope you get a profitable business out of this in the end.
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Oh dear, it seems I've created a following of angry/impatient users. This was not my intent. I fully appreciate that the site is in alpha and that there is much manual work to be done. I look forward to a time when the site is better established and would be happy to pay fees to continue to use the service provided that those fees are reasonable.
I'm very grateful for this service, in particular for giving us an alpha version to play with while you test the system and seek international licencing.
That said, I've just been to the bank today to see if the transfer had been made and I was told they were not aware of any such transfer. It's now been nearly 9 days since I made the request on Britcoin and certainly a full 7 (5 working days) since the status of the transaction of Britcoin was changed to 'Finished'. I have checked my account details practically every day and I am certain that they are complete and correct. Bacrlays informed me that they had a fast transfer system running with Lloyds so a bank transfer from a Lloyds TSB account should take about 1 working day (although this may not apply in this case).
I have a friend who has managed to successfully withdraw to his Lloyds TSB account. I have requested to withdraw 14 GBP to my Lloyds TSB account to see if I have better luck.
Is it possible, with all the manual work, that a mistake was made in copying my bank details? If so, is the 22 GBP retreiveable? I'm not worried about the amount so much as the system. If I sell a lump of 1000 BTC (over a couple of weeks) and then withdraw the GBP in one lump then how small is the a chance that this money will be mistakenly sent to the wrong account number and be lost forever? Perhaps 1000 BTC is too much for Britcoin to handle at this early stage.
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