Poclbm has an option for backup servers now, so no need to configure proxies or anything else. It also has the phatk kernel.

The author is wrong when he says that Deepbit has all the power. The power belong to thousends of miners that use Deepbit. If Deepbit tried to abuse, it might get somethign temporarely (and would damage Bitcoin image), but the miners would pull out quickly rendering Deepbit useless. Also, Deepbit would be out of the game, so it has a strong incentive to keep being honest.

As for the DOS attacks, pcolbm has now option for backup servers, so when one mining pool server goes down the miners automatically switch to the next one in the list and the network keeps working.


The problem with a p2p mining pool is how do you keep the miners honest. It would be very easy to cheat. I think that just taking some care that no mining pool has 50+% and now that the miners allow for backup servers it will be enough.

I have a 5570 and can do 200+ Mh/S... Unless a 92% means something different now, there is a problem somewhere.

I though it was a faraday cage to avoid the EMP. Im confused now...

The (Not so) "Wild" West was actually a very pacific time. Movies needed action and shots, but its not how reality was.

http://bitcoinwatch.com/ Under Blocks you will see difficulty and next difficulty.

People already has the hardware payed or almost payed. If you check since the last two difficulties increases, the hashing power of the network has grown less. It means people is not investing much in mining hardware. Its less attractive to mine right now. If the price exchange of bitcoin goes up you will be profitable. If it does not, hope that difficulty stays low...

And if the price of bitcoins goes up, you would have done a lot better just buying bitcoins and holding them than investing in mining equipment.

Dont get scared. Im just pointing to you the facts so you know what is in front of you. Nobody knows what will happen in the future, anything could happen. Im just pointing you the posibilities.

Yes, I know, what I meant is that I am surpirsed that more miners did not jump in. No fees and almost no stales? What else can anyone ask? And with 10 or 20 "normal" miners moving in your could get 200GH/s and then it would probably snowball. Do you think the system would scale with higher loads? (You probably are going to say YES! but lets hear it).

Thats a possibility yes, but a ATI serie 5 card will always have a low discount.

Im very impressed until now. How do you do it to get so few stales? This should be a top pool.

This difficulty rise will be only around 10% increase. The two previous ones were both over 50% increase. If the price of bitcoins does not go up, you wont recover your investment probably.

Difficulty goes up.

This will happen no matter what if Bitcoin keeps working. Mining has a very low barrier of entry, so it will happen. How long it will take to get there depends on the price of the ASIC's (if they ever appear, but it seems they will). But the Bitcoin economy is not directly related to mining profits.

Yes, that is the only option that does not work. It only works with the GUI on, dont know why. I have opened a bug, maybe you can add a comment so it picks the attention of the developer: http://sourceforge.net/tracker/?func=detail&aid=3322352&group_id=387278&atid=1609264

But aticonfig does not allow this option neither (as far as I know).


Are you setting it in the right performance level? Also, you can not set a gpu speed lower than the previous performance level. F.e. if performance level 1 has gpu speed at 975Mhz, you can not set pu in performance level 2 a gpu speed of 950Mhz. To have a pgu speed of 950Mhz on performance level 2, set the gpu speed in performance level 1 under 950Mhz.

In general you should not have a higher setting for anything, gpu spped, memory speed or voltage, in a lower performance level.

One more thing, it does not affect mining apparently, but it is also recommended that the memory speed is the same in all performance level, specially in the card connected to the screen (if any).

Ive pointed 1 of my miners to your pool to try it out. Right now is working fine, not even one stale. If this continue this way, when you find the current block Ill point the other 3 as well.

Yes.

You are kidding me right? Microsoft biggest clients are government administrations. What regulations did the government pass that went against MS except some of the EU with no real impact?

Im not using MS. How is that a monpolly?

Monopollies, that is situation that harm the consumer, can only happen with government intervention.

You never addressed my reply about how government spending does not work. I find curious that you keep repeating the same.

But this is going to take a lot of time. I think a more realistic view is:

You pay the baker in bitcoins.
The baker pays his website hosting in bitcoins.
The website hosting owner buys an offer from Metaco.in
That person buys bread from the baker (yes my imagination is tired, but you get the idea)

You dont need the business to only operate in bitcoins for Bitcoin to be a sucess. As long as people have a place to spend their bitcoins, they will realize in a few years that owning bitcoins is a lot better since they dont depreciate and they will favor it more and more, they will tell their friends, their costumers, other business owners, etc... We just need to create a bit of an economy (this is going to be the hardest part) and then it will snowball.

This model of the effect of regulations is too simplistic and completely unreal. I dont asume those premises.