I was more thinking that even at a low hash rate, 5k of PC's all connecting to one or two pools, would equate out to maybe about 300GH/s... kind of like distributed processing. Not only does this happen, but at a low cpu usage, it can run all the time in the background and the users won't be affected. But your electric bill will. Unless of course you are doing it at work or something like that. |
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I'm talking about people that have money to burn. And when they do....
Whats the porpouse of this? Is as bad to try to troll to bring the price down or up. There is not much difference. |
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Way to strike a reasonable discussion.
His answer comes from the fact that this question gets asked constantly. For example, 4 or 5 threads under this there is this one: http://forum.bitcoin.org/index.php?topic=15571.0And the answer is that nobody knows. |
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AMD 7890 "Bitcoin edition" coming soon...  |
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Im not sure but I believe Google has a key that can remove any aplication from any internet connected Android phone.
Only the ones bough from Googles Android Market Thats interesting then. Setting up an Android market with Bitcoin is a great idea. Does Android have any other limitation in the software that can be installed? |
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On top of all that, Bitcoin is a great model market because Bitcoins themselves don't do anything. They're not going to report quarterly earnings or hire a new CEO. If the price changes, there's a relatively short list of things that could have caused it.
It seems like an ideal place to practice manipulating a market. If someone is guilty of pumping and dumping BTCs as we saw last Friday, who is anyone going to complain to? Is it even illegal to manipulate a BTC market? No. But if this things keep happening the exchanges will auto-impose some rules. We have seen already big complains about the darkpools in MtGox and people moving to the Hill. The forum has changed the rules for people who registers to avoid troll-flooding to move the price. Etc... |
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Im not sure but I believe Google has a key that can remove any aplication from any internet connected Android phone.
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We've already seen the results of unregulated capitalism in this country at the beginning of the 20th century - with workers earning just barely enough to survive, paid in company scrip that could only be redeemed on overpriced items at the company store. I don't see how anyone could argue in good conscience that we should go back to that unless the only things they've ever read on the subject were highly-biased works by stuffy economists with a vested interest in ignoring or discounting the suffering of regular people. You owe it to yourself to read books from more diverse points of view. I'd recommend you check out The Jungle by Upton Sinclair. It's old enough to be in the public domain, so you can read it for free: http://www.gutenberg.org/ebooks/140How do you explain that in the same period you are criticizing the wages of the workers went up more than in any ohter society, including Europe that was already implementing social-democracy? And the system back then was not perfect, but comparing this period with the technological advances to that period is not honest. Compare that system with systems in the same period when they all had the same technology (or access to it) and you will see that the aproximation to a free market that was the USA increased the wages of the workers a lot more than the european socialdemocracies and any other system in the world. If you dont believe me please check the data and see by yourself. |
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Unless they have enough to afford a computer and a broadband connection, they won't be getting on the Bitcoin bandwagon anytime soon. Bitcoin is a very classist currency. Bitcoin has created the technological class. Nerds of the world unite and rule!!  EDIT: A Bitcoin client usable from smartphones or even normal feature phones (maybe via SMS?) would change that. Mobile devices are a lot easier to come by.
There is Bitcoin my email already that can be used by going to a internet shop, but its not very useful for micropayments. There is also Bitcoin in paper, but I dont know how easy to accept that will be. |
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Could major sites be turned off by the instability in the market?
Obviously. But the only way to stop inestability is for more merchants to accept it. Its a snake that eats its own tale. When more merchants start accepting it, it will stabilize more and other merchants will join which will stabilitze it more... etc... The contrary is true as well. Paying with bitcoins were you can and choosing merchants that accept bitcoins over the ones that dont when posible also helps convince the merchants that accepting bitcoin is a good idea. If a merchant starts accepting bitcoin and then no business comes that way... |
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Success! I can now compile the latest code, thank you so much for your swift fix there team  Is the 4way algorithm still the best? Im trying it with an Atom 330 that is reported to have SS2, but I get better results with c and cryptopp (almost identical results with both). |
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- include estimates for difficulty for next 5 rounds in your projections
- make different estimations based on varying BTC price
Doing this you can still get a pretty good idea when you will pay off your mining equipment.
And yes, you are correct, there are no guarantees, it is risky and not easy.
But the decision is based on your math in the end. (and risk tolerance once you know your numbers) Yes, doing the maths is a good idea. It will give you a more clear vision of what could be. Im doing it. The problem is that at the end of the day all your maths could account to nothing. The bitcoin price exchange could skyrocket again and give you record profits as the new miners take a while to set up new rigs. Or the bitcoin price exchange could collapse and you would eat all the hardware. You can do all the maths you want to get a clearer vision of the "what if", but no math is going to tell you what is the right decssion. |
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I added some ifdefs to cope with distributions that still have older headers so if you grab my latest git tree (from the master branch) it should build for you.
Thanks. Git branch is working now. A small contribution is going your way. |
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Nothing to think about. It is just math.
- how long to pay off rigs including electricity?
- then profit for x months
- then throw away video cards in the garbage
Simple.
The problem is that it is not that simple. To calculate you need to know the difficulty of mining and the exchange of bitcoin and the currency you pay electricity with (dollar, euros, ...) for the next months. And if you knew that you would probably make more money speculating. The difficulty changes (roughly) every 14 days and depends on the power of the Bitcoin network, which changes as new miners and new rigs are added. Can you tell me what difficulty is going to be in 2 months? In 4? In 6? The exchange ration changes even more. Can you tell me what the exchange ratio is going to be in two months? In 4? In 6? Basically you can not do the maths. You can speculate and make your guess, but at the end of the day its not guaranteed. Mining is risky. You can end up eating your hardware if the difficulty goes up a lot and the exchange does not. And the difficulty is going up a lot in the next iterations. |
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Mmmmm. How are you going to connect to the Bitcoin network with a non-networked laptop?
You only need to connect for the brief period needed to send bitcoins to you less secure spending wallet. Also you don't need to connect to the internet just to your primary machine that is running bitcoin. The main machine will relay transaction to the rest of the bitcoin network. You could even connect the two while your home network was disconnected from the internet. After the main machine is connected to the internet it can then rebroadcast the transaction. But you dont need a laptop for this. Just get a USB memory, install linux and boot from there. As for the other suggestion is way too complicated for the average user. |
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I saw mentioned a user dedicating a non networked laptop for anything relating to BTC. Well worth the sacrifice of a laptop turned into a wallet Mmmmm. How are you going to connect to the Bitcoin network with a non-networked laptop? |
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If Bitcoin goes big, I can see a lot less poverty in the world. I dont know exactly how it will develop but there will be a lot less people suffering.
Why am I saying this? If you check history when humans organize around stable sound money there is much more progress and less "elite power". When human societies organize arond inflationary money suddenly discoordination starts to happen which leads to production problems making people poorer, and the gap between the middle class and the poor with the rich increases.
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Lol That may have been very stupid but you have come forward again to set the record straight. That's gotta be worth something.
+1 |
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Can we finally for god's sake get a wallet encryption feature?!
You can send them the code if you want it so badly. Or you could ask nicely and wait for the developers to volunteer some free time of their life into this. |
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I've got 6950s and 6970s.
RBE warns on certain changes that the native drivers may stop recognizing the card.. and someone else mentioned after a certain RBE edit even aticonfig wouldn't find the cards.
Are you using a signed 'rbe' excerpt from another card (~1kb) to get around that?
Just as a remainder, always back up the original bios before trying to flash your card with a new one. At least you will be able to get your card to the oringinal condition. |
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