403
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Bitcoin / Development & Technical Discussion / Re: Who pays transaction fees
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on: June 11, 2011, 01:14:29 AM
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No problem. Write your own client. As to who pays the fee. The originator of a transaction pays it. But as the previous poster mentioned, it could also be deducted from the amount of the transaction, hence the receiver would always pay it. But keep in mind, if you receive coins you'd pay it. So if I'm paying you to do work for me, they would get deducted from your pay. At that point you'll argue the employer should pay them. So you're really arguing that YOU shouldnt pay them.
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404
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Bitcoin / Mining / Re: GPU shutdown script for Ubuntu
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on: June 11, 2011, 01:05:43 AM
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I answered the question, he didn't ask for examples.
I'd be happy to write one, need: Command to check temp of each card, sample output Command to run miner for each card Output of 'ps ax' while miners running
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409
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Bitcoin / Development & Technical Discussion / Re: Who pays transaction fees
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on: June 10, 2011, 11:45:27 PM
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It's a transaction fee, and you're the one conducting the transaction. It could happen to you just moving money between your own accounts.
Why a transaction fee? Because without it, eventually no one would mine, and if there are no miners then no transactions will be confirmed. If transactions aren't confirmed, then there is no Bitcoin commerce.
Think of it as a tax to keep everything running.
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412
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Bitcoin / Bitcoin Technical Support / Re: App crashing upon open Mac Intel 10.6.7
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on: June 10, 2011, 10:33:24 PM
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Crashes immediately. I open, the icon bounces, then it closes and I receive this error message:
Process: bitcoin [206] Path: /Applications/bitcoin-0.3.21/Bitcoin.app/Contents/MacOS/bitcoin Identifier: org.bitcoin.bitcoin Version: 0.3.21 (321) Code Type: X86 (Native) Parent Process: launchd [82]
Date/Time: 2011-06-10 18:36:49.168 -0300 OS Version: Mac OS X 10.5.6 (9G55) Report Version: 6
Exception Type: EXC_BREAKPOINT (SIGTRAP) Exception Codes: 0x0000000000000002, 0x0000000000000000 Crashed Thread: 0
Dyld Error Message: Symbol not found: _fopen$UNIX2003 Referenced from: /Applications/bitcoin-0.3.21/Bitcoin.app/Contents/MacOS/bitcoin Expected in: /usr/lib/libSystem.B.dylib
Here is my sysinfo
Model: MacBook1,1, BootROM MB11.0061.B03, 2 processors, Intel Core Duo, 1.83 GHz, 2 GB Graphics: kHW_IntelGMA950Item, GMA 950, spdisplays_builtin, spdisplays_integrated_vram Memory Module: BANK 0/DIMM0, 1 GB, DDR2 SDRAM, 667 MHz Memory Module: BANK 1/DIMM1, 1 GB, DDR2 SDRAM, 667 MHz AirPort: spairport_wireless_card_type_airport_extreme (0x168C, 0x86), 1.4.8.3 Bluetooth: Version 2.1.3f8, 2 service, 1 devices, 1 incoming serial ports Network Service: AirPort, AirPort, en1 Serial ATA Device: Hitachi HTS542512K9SA00, 111.79 GB Parallel ATA Device: MATSHITADVD-R UJ-857 USB Device: Built-in iSight, (null) mA USB Device: Apple Internal Keyboard / Trackpad, (null) mA USB Device: IR Receiver, (null) mA USB Device: Bluetooth USB Host Controller, (null) mA
Your subject says OS 10.6.7. Your crash dump says 10.5.6. Upgrade your OS. Double-check the OS under the Apple -> About this Mac.
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413
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Bitcoin / Bitcoin Discussion / Re: Serious Concern: The Rise of "Other" bitcoin miners?
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on: June 10, 2011, 09:28:37 PM
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The large mining pools are being DDoSed. Therefore their hashrates drop as a percentage of the total hash pool. Also, as miners cannot connect to pools, they go solo, so the "Other" portion rises significantly as a percentage.
When the pools are back online, the miners will move back, and then you can post about how you're concerned Deepbit is 51% of the pool.
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414
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Bitcoin / Bitcoin Discussion / Re: Once mining is very hard, how will the network be safe?
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on: June 10, 2011, 06:28:59 PM
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Mining is required to verify transactions.
If there are no miners, then there will not be any confirmed transactions, because no new blocks will be added to the block chain. If that happens, Bitcoin is dead.
However, miners currently receive TWO incentives for mining: 1) They earn 50 BTC for every block found (which halves every 210,000 blocks on the blockchain) 2) They earn transaction fees for all of the transactions confirmed by the block they found.
In theory, as miners exit, the difficulty will be reduced, so it'll be easier, not harder, to find blocks. When #1 is no longer attractive, the theory is that there will be so many transactions confirmed by a block that miners will keep mining just for the transaction fees.
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415
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Bitcoin / Project Development / Re: The mining focus is bad - we need better clients ;)
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on: June 10, 2011, 04:06:07 PM
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quote author=pickerin link=topic=12271.msg193197#msg193197 date=1307658904] That's like keeping all of your money in a safe deposit box, in cash, and only spending cash for purchases. [/quote]
You need to be considering the case of people who have substantial amounts of wealth in Bitcoins. Say I have $100,000 worth of Bitcoins. What you are suggesting is that I make a $100,000 wager that I can keep my computer free of zero-day viruses, FOR LIFE. I am not willing to make that bet. It is, after all, a Windows machine.
Making backup wallets and storing them for years makes a lot of sense. Paper is far more durable than any electronic medium. What medium would you suggest that is going to last 100 years? Floppy? [/quote]
Any single media? None. However, I have electronic documents that I've kept around for 25+ years. How? I keep the media they are stored on current. When I upgrade my laptop, the documents get moved to a new one. That laptop is then backed up in 3 different places. So, I have four copies in different locations.
You're comparing a medium that has been around for thousands of years, to a medium that has been around for less than 100. You have no idea which will prove better in the long run.
If you wish to backup your life savings in Bitcoins to a paper document, knock yourself out. I'll be backing mine up electronically.
My argument wasn't which was better as a backup medium (go back to the first page), it was an argument against paper as a way of safeguarding bitcoins against errors in coding and/or viruses. I'm not saying paper won't work. I'm saying if you're putting it on paper to avoid problems in the electronic environment, you're kidding yourself, because in order to use the paper, you have to make it electronic again, and at that point, you have all of the detriments of it being electronic again.
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420
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Bitcoin / Development & Technical Discussion / Re: Why are bitcoins generated when one mines a block?
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on: June 10, 2011, 02:32:15 PM
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One piece missing I didn't see...
For the first 210,000 blocks "discovered", the protocol allows the finder to pay themselves 50 BTC. That transaction is then confirmed by subsequent block finds.
The reward for finding blocks is halved for every 210,000 blocks after.
The miner doesn't "find" those 50 BTC, they are allowed to be paid to the miner as a reward (plus the transaction fees of the transactions confirmed by that block).
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