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741  Bitcoin / Bitcoin Discussion / Re: Who is willing to create on: June 30, 2011, 01:52:01 PM


It has... two, thingies?
742  Bitcoin / Bitcoin Discussion / Re: PayPal Predicts The End of the Wallet By 2015 on: June 30, 2011, 01:46:34 PM
Fuck Paypal!

3% is a lot of money and they will even try to keep it in the event of a chargeback and they also charge it on the money received to pay ebay, I mean their own, fees.

You're just lucky if they don't freeze your account and keep everything in it under the guise of "suspicious behavior".
743  Economy / Economics / Re: Namecoin prices plummeting - opinions? on: June 30, 2011, 12:39:48 PM
If someone will buy the .bit domain namecoins will be over also to resolve a .bit domain you need specific software.

Not much useful for now.

I read that if such were the case, an update to the client could change the url extension to whatever, all throughout the block chain, though .BIT sound good and simple as is.
744  Economy / Economics / Re: Namecoin prices plummeting - opinions? on: June 30, 2011, 12:31:23 PM
What kind of content is going to need protection from DNS seizures

Mostly sites that practically contain evidence of crimes against young human beings.

This is one of my chief concerns. There are some things that simply should not be allowed just because "that's how the system works".

And believe me, these degenerates will flock to any safe harbor.

HOWEVER, wont a server hosting such material still be traceable? I mean physically, via IP/ISP?

All the .bit namecoin address does is resolve an IP address, right?
745  Bitcoin / Mining / Re: Miners quitting en masse -- so it begins. on: June 30, 2011, 10:14:29 AM
Selling up while a 6970 is still a good card and not superseded by 7xxx isn't a bad idea.

Apparently the 7xxx series will have about the same mining power as the current cards, as AMD is more than happy with the shaders they have now. The improvements they make to the architecture will solely benefit other aspects of graphics rendering, and possibly power consumption (though not by a significant amount).

By the time you see the 7xxx series on shelves, you'll be breaking even with the electricity bill, if that.
Please do not make assertions based on your limited/lack of knowledge. Here: http://www.pcper.com/reviews/Graphics-Cards/AMD-Fusion-System-Architecture-Overview-Southern-Isle-GPUs-and-Beyond
You can't possibly estimate nor predict the hashing power of products based on this new architecture without knowing the numbers of CU's and only AMD knowns that. Also, products based on this new architecture will be available for purchase in Q4 of this year.

It appears YOU are the one who is lacking knowledge here, troll. AMD and nVidia are competing in the 3D Graphics sector, not Bitcoin mining, go read about it.

And even if they DOUBLED the shader/hashing power, the mining difficulty in 3 months will render them useless.
746  Bitcoin / Mining / Re: Miners quitting en masse -- so it begins. on: June 30, 2011, 09:00:57 AM
I'm glad more people are selling their cards, more cards for me.

As for the cards losing their value, all my cards are under a life time warranty, meaning if they go bust, I get a new card, free of charge (other than shipping). Another amazing thing, is if the company is out of stock, they send me a free upgraded card.. In case I'm missing something here, my cards don't lose value (ok, they do, if the company fails..even then, I can still write it off as a tax deduction..depreciation of computer hardware..lawlz)

Just my 2 cents.


I've had 2 cards die in the past, from different manufacturers with lifetime warranties, an they were both replaced with current day equivalents of the same cards, not "upgraded" to the same tier of card, as you would suggest.

the last one, my prized and beloved top of the line 8800 ULTRA was replaced with a GTX 260. the 260 preforms about 20% better and sells for about the same price on ebay, so its pretty much the same card, but its by no means the High end card of it's line that the 8800 was  Cry

Unless I'm missing something as to the terms of your warranty.
747  Bitcoin / Mining / Re: hey miners whats your price to dump a large ammout of BTC on market ? on: June 30, 2011, 08:55:22 AM
After seeing what a 500,000 BTC selloff did to the market, I can tell you this:

There will soon be 7,000,000 bitcoins in existence.

many of those are held by miners waiting to cash in to pay off their hardware, and many others that still need a few hundred $ a month to cover the power bill.

These people are waiting at just about every $5 increment to sell.


So, before you EVER see the BTC hit $25 again, you can bet there will be a flood of BTCs being sold once it hits $20.

Then the value will drop to near $15 again, until the market can absorb all those sales.

Then you will see another "aftershock" once it climbs back to 20.

Now you will find yourself waiting for it to climb to $25, and the market flood starts all over.


I've invested in mining hardware, so I want to see the price climb too, but I don't see how the BTC could realistically hit $30 again before the end of the year.


748  Bitcoin / Mining / Re: Miners quitting en masse -- so it begins. on: June 30, 2011, 08:42:58 AM
Selling up while a 6970 is still a good card and not superseded by 7xxx isn't a bad idea.

Apparently the 7xxx series will have about the same mining power as the current cards, as AMD is more than happy with the shaders they have now. The improvements they make to the architecture will solely benefit other aspects of graphics rendering, and possibly power consumption (though not by a significant amount).

By the time you see the 7xxx series on shelves, you'll be breaking even with the electricity bill, if that.
749  Bitcoin / Mining / Re: Miners quitting en masse -- so it begins. on: June 30, 2011, 08:15:22 AM

You should meditate on the wisdom: "Fools rush in where angels fear to tread."


I can bet you these "angels" are always the last ones to the party.

By the time bitcoin proves itself as the worlds First and Primary form of crypto currency (or falls flat and bombs) there will no longer be any profit in mining it.


For those who got in (bought mining hardware) before Q2 2011, they've mined 90% of the bitcoins their current hardware will ever be capable of mining.

Anyone who got in during Q2 2011 will have paid off their hardware (either by now, or soon), essentially earning themselves some free hardware.

But any hardware bought from Q3 2011 onwards will depend on the increase of the bitcoins value in order to break even, let alone make a profit.


If I had $1000 today, I'd buy the bitcoins outright, and consider the money gone. Then check back at the end of the year to see how things have panned out.
750  Bitcoin / Mining / Re: Miners quitting en masse -- so it begins. on: June 30, 2011, 07:16:49 AM
All I hear is "I'm quitting" and "Mining NO LONGER PROFITABLE" yet the network hash rate keeps going up!

This is probably BC all the miners who quit give their hardware to another miner, who keeps mining, thus the hardware just circulates, yet never leaves the network.

I would also like to think that all the 6950s I bought may not be the best for mining in a Mhs/$ sense, but they're sure as hell the best for gaming at their price (the 1GB ones), at least according to the Toms Hardware charts.

So once they're useless to the average miner, they'll still be worth a fair price for gamers, especially considering they're on more current architecture than the 5xxx radeons.
751  Bitcoin / Bitcoin Discussion / Re: Is a passworded WINRAR file an effective encryption method? on: June 29, 2011, 11:32:59 AM
Go with TrueCrypt.

I know this shouldn't matter, but I think it would be weird to protect something so valuable with a program everyone has on their desktop.   I am not sure why I feel like it matters to me, but it does, I can't find the logic in it yet.

Well, just in case my grandma wants to brute force it  Cheesy
752  Bitcoin / Bitcoin Discussion / Re: There might be another virtual currency following BTC on: June 29, 2011, 11:22:41 AM
If there is, it better be efficient on these ATI cards.

Wonder if making a new mine-able currency efficient on ATI cards would be a good thing or a bad thing. Would you want a HUGE jump in hashing power from all the Bitcoin miners switching over? Or maybe make it super efficient on the old 3DFx cards, just for fun  Cheesy

It does not matter. If suddenly a new miner software allowed the miners to do hashing at double speed, everybody would switch, difficultry would double and everything would remain the same.

I meant a new currency to compete with bitcoin, in which the algorithm for mining just so happened to be 10x faster on a 3dfx Voodoo card than the next leading mining chip.

Would love to see everyone rushing and digging though their old hardware, dusting off their old PCI / AGP based VooDoo cards. Hilarity would ensue...

Actually, the Voodoo 5 6000 is so rare, you could easily trade one in for a 6990 today. Nothing funny about that.
753  Bitcoin / Development & Technical Discussion / Re: Can I Stop all Network / Internet connections Besides bitcoin? on: June 29, 2011, 11:07:50 AM
either no one here knows, or they're all asleep, or they're all scared of being quoted when all joor btc are gone...
754  Bitcoin / Bitcoin Discussion / Is a passworded WINRAR file an effective encryption method? on: June 29, 2011, 10:52:18 AM
This friend I know  Roll Eyes is using winrar to encrypt his wallets with fairly long passwords.
How secure is winrars password encryption, and what's the next most convenient and more reliable form of file encryption?
755  Bitcoin / Bitcoin Discussion / Re: There might be another virtual currency following BTC on: June 29, 2011, 08:52:02 AM
If there is, it better be efficient on these ATI cards.

Wonder if making a new mine-able currency efficient on ATI cards would be a good thing or a bad thing. Would you want a HUGE jump in hashing power from all the Bitcoin miners switching over? Or maybe make it super efficient on the old 3DFx cards, just for fun  Cheesy
756  Bitcoin / Development & Technical Discussion / Re: Can I Stop all Network / Internet connections Besides bitcoin? on: June 29, 2011, 08:42:05 AM
Obviously, when the 64,000 port protocol was made, they didn't reserve 8333 for bitcoin, so it must be accessible otherwise. Unless you lock that port to the bitcoin.exe client, via a hash check or something, but that's all techno babble on my part, have no clue how any of that would be done.
757  Bitcoin / Development & Technical Discussion / Can SEND BITCOIN commands be created, copied then broadcast via another machine? on: June 29, 2011, 07:29:44 AM
Let me see if I can explain this:

- Lets say you have a machine with bitcoin installed, along with the wallet

- You go to the GUI and SEND 1 BTC to some address

- That computer now sends a packet/signal to the network to make the transaction

- However, said computer is vulnerable as it is connected to the internet

- Can that packet/signal INSTEAD be created on a machine that holds the wallet, but is NOT connected to any network, and instead be put on a USB

- Then the USB is connected to any networked PC, regardless of whether it has bitcoin installed, and the Transaction packet/signal is then broadcast

THUS, leaving the machine with the wallet securely disconnected from the net at all times.

the USB can now be formatted/discarded/microwaved
758  Bitcoin / Development & Technical Discussion / Can I Stop all Network / Internet connections Besides bitcoin? on: June 29, 2011, 07:20:16 AM
I'm building a small machine dedicated to creating wallets and sending BTCs.

It's running a fresh install of XP SP3 and has yet to be connected via RJ45 cable to the network.

I've installed Avast, Winrar, and NetLimiter.

While NetLimiter will demand authorization from you for every process that attempts to connect to the network/internet, I believe it only controls the legit connections made by your applications. I don't trust it blocks ALL possible connections, and can probably be bypassed if one were so inclined.

Is there a way I can hard block ALL outgoing/Incomming connections other than bitcoin? I'm not even planning on using any browsers.
759  Bitcoin / Development & Technical Discussion / Re: Sabatoge: "Losing" Bitcoins (AKA the Goldfinger Attack) on: June 29, 2011, 06:21:01 AM
EVEN IF somehow, someone destroyed ALL the bitcoins ever, what would be the point?

The next week they'd have to go after the UberMark, the iPoints, NetNotes and Digi-Dollars.

Seriously, eliminating the Bitcoin would only give rise to currencies far stronger and entrenched.
760  Bitcoin / Bitcoin Discussion / Re: MtGox - God Dammit... on: June 29, 2011, 06:01:01 AM
If you're still putting your trust in Mt. Gox, you should have expected this to happen. That being said, I've never had a problem with support tickets. They'll get to you eventually.

I'm completely baffled at how badly they screwed up, and even more surprised at how many people go right back to them.

Something doesn't add up here...
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