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I downclocked my S2 to 175 MHz (890 GH/s) and the noise level at 1m dropped by 3dBi.
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In my experience most localbitcoins buyers usually do not like to exceed $2k-$5k per cash transaction so you definitely need to contact several buyers to sell $40k worth quickly. This may not be an option if you live in the sticks.
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I had a deep fried Haggis once and it was absolutely disgusting.
Do they shape them like patties or meatballs? |
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I sometimes pay a premium if I can pay in bitcoin. My privacy is worth something. I rarely use anything except bitcoin for online purchases anymore. So for me the question is "Would I use a bank card if they offered a steep discount?"
Maybe, but it has to be a good deal.
+1 To maintain my privacy, I have even gone as far as creating a fake Amazon account with a mail drop address and funding my purchases with Amazon Gyft cards paid with BTC. |
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Because in some (very pristine) parts of the world a smartphone still cannot receive a cell or wifi signal. I know of some people who would first forget to take their wallets with them before their smart phones. I think if you threw them out in the middle of a jungle to fend for themselves using survival skills they would die very quickly.
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Because of competition the fee will remain at almost zero.
You find a block, what do you do? A rational miner will take all transaction with fee >0 (greater than zero but not zero), even if only 1 satoshi. Otherwise the miner who finds the next block will take it. This is how competition works, and this is one of the best features of bitcoin.
If one miner controlled the entire network he could set the fee much higher. It would be foolish of him not to. This is why visa, paypal, okpay etc have stiff fees. Once you control the network you can milk it. No one will is able to do so with bitcoin.
A special case for bitcoin is when the number of transactions exceeds the block limit. In this case the miner fill block with the transaction with the highest fees. This in turn will force users to increase their fees. Now it is not a big issue, but as far as I understand one of the great challenges forward is to go from the current heuristics to a market based system.
As a side note: Why is it so that he who is wrong usually laughs at he who is right and not the other way round?
First, I am not wrong. Second, I find a block, I include as many transactions as I like and the ones that I want. I can include no transactions if I want to, but I would include the highest fee ones. All pools do the same, so fee wouldn't go lower. Even if I included more transactions at a lower fee, I would end up earning much less than if I include less with higher fee, such as a 2.8BTC one. You are implying that there is cartel formed amongst the pools to keep the fees high. I believe you are wrong, because I have had zero-fee transactions confirmed even as late as last week. It just takes longer to confirm (like 24 hours). |
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I see a lot of potential here, especially in situations where currency controls and embargoes are in effect. The Philippines market though seems to be saturated with non-Bitcoin based incumbent players. Nevertheless, if Filipinos can save a few % in fees all the better for everybody.
I also wish people would think more about developing solutions for these types markets than say, micro transactions and how to get hipsters to pay for their vegan latte using their iPhone wallet.
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Fiat currency, like software copyright lawsuits and copyright law itself, will become more and more a farcical affair as we move further and further into the information age.
Not to derail the topic but don't you mean software patents? Copyrighting software is pretty useless because it would be very difficult to enforce - e.g. the copier could just change variable names in the code and the copyright would be unenforceable. As a holder of several software patents, some of which I've assigned and some of which I still own, I have mixed feelings about the whole patent situation. Owning an earlier issued patent certainly saved my bacon when somebody else tried to sue me for infringement of a somewhat similar patent that they owned. |
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Works for me. I've been incrementally leasing racks one at a time and filling them with miners as I go.
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New DOGE Station, almost complete, I need the extra two connectors to move the last blade onto the PSU...  Is that a Jupiter that is shut down over on the left? Why are you no longer mining BTC? |
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I made an account to post here. my feb order of a 1th/s unit arrived today, with CCP of 600mh/s. Neither work.
WTF?!! My November (Jan delivery) 1 TH/s order arrived today without CCP. However it is working perfectly up to 1.2 TH/s. Should I be happy or angry? |
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e-Gold started to pay me back! I never expected this but 2 years ago I filed a claim to the e-Gold claims process to get my frozen funds returned. Today I found a check in the mail for the full balance of one of my accounts! I guess the government decided that I wasn't a child molester or hacker after all  . It was a check from Rust Consulting and drawn against US Bank. It was only for a few thousand dollars. I have a second larger account that has not yet been paid back, but I am more hopeful now. |
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Running a couple S2's in a hot basement. The Enermax power supplies would randomly shut down after several hours. I couldn't be bothered to buy AX1200i's so I just lowered the clock to 175 Mhz by changing /config/asic-freq.config. option 'freq_value' '0681' #175M
option 'chip_freq' '175'
option 'timeout' '40'
Getting 890 GH/s with around ~940W draw at the wall. Small price to pay for no more random shutdowns. |
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Bitcoin was great for opening the doors for cryptocurrencies, but it needs to step aside soon. Second generation coins, NXT, NEM etc. overcome Bitcoin, at least one of them will, because of lots of features and no Ghash mining needed. Those are more like platforms where you can build allkinds of apps and functions not being just coins. Also no 51% attack worries.  I've never liked the concept of POS currencies because the stakeholders have all the power and control and don't need to fight to defend it. With POW miners at least have to keep constantly improving to maintain control. That is more dynamic. |
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That's tough. If he wasn't running a full node then only the first nodes that relayed his transactions would have a record of his public IP address. Even that may just be a TOR exit node or VPN egress point. |
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Did you buy the Ants in December at typical prices? Looks like you just about ROI'ed.
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I wonder why he even bothers to keep the pool up? Too much effort to shut down the servers?
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Wealthy people present a target for scammers, kidnappers and the scumbags of the world. I am not talking about the obviously super-rich who need 24-hour bodyguard protection. I am talking more about the nondescript neighbor who has a few million in the bank but leads a regular life. There are plenty of such people around - people with good work ethics who live below their means. Nobody needs to know who they are. This is a good enough reason for keeping Bitcoin holdings and transactions private.
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Looks like they took away the Bitcoin payment option in the past few days. I wonder if it could be a money laundering thing? Although you still need ID to be able to receive and cash out tokens, for a non-broadcaster account you could have bought tokens anonymously with bitcoins when that option was available.
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I think suddenly mining bitcoin will be profitable again because all the deep pocket players would belly up and declared bankruptcy.
"deep pocket players" might declare bankruptcy, but they will last longer than you. If bitcoin goes down to $1, ants like you and me will lose, and deep pockets will win. "Deep pocket" is relative to the size of the mining operation. My discretionary income can support the operating costs of my small my mining operation indefinitely. I will continue to throw money down the toilet if I felt that it would be beneficial to do for the long term. |
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