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41  Bitcoin / Mining / Re: [20 Bitcoins bounty] For instructions on how to install ATI 58XX drivers on ESXi on: July 03, 2011, 07:07:22 PM
Your problem is that you for some reason are stuck on using ESXi. You have a few options.

1. I read somewhere that Windows only uses 100% CPU under certain SDK/driver versions. So if you can find the driver version that doesn't use 100% CPU for mining, you can run windows as the host OS and mine there, and still instlal your guest VM's.
2. Linux doesn't have the problem of 100% CPU use during mining. SO you can use linux as your host OS, mine from there, and install VMWare or some other VM software, and run your guest VM's from that.
42  Bitcoin / Mining / Re: Worlds Most Economical Bitcoin Mining Contracts! on: July 03, 2011, 07:00:09 PM

Quote
Some companies have invested over $500,000 USD in setting up their own managed mining rigs to mine Bitcoins, it is an extremely fast paced growing industry.

What's the source of this?

From me, of course. I have over 500k of Bitcoin mining equipment and I can afford to give away 1,000 Bitcoins to a random person a day!  Cool

What's with the pictures in your sig? Who's face is that?
43  Bitcoin / Mining / Re: Worlds Most Economical Bitcoin Mining Contracts! on: July 03, 2011, 06:55:26 PM
Well, anybody selling mining contract, do not have any interest in BTC. It is clear.

I guess I don't understand mining contract sellers.  If someone could rent a rig from them, and make money, why wouldn't the contract seller just mine for himself?

So, the seller must think that BTC is going to fall enough in value that it's better to rent time than mine for himself. So, therefore, he is selling what he thinks are false hopes.

Unless he has 1/2 his rigs mining for himself, and 1/2 rented - then he's got both bases covered.  That's the only thing that makes sense to me.

You are mostly correct about mining contract sellers. They are basically "short" on bitcoin mining (AKA, placing a bet that bitcoin mining will not be profitable). There's technically nothing wrong with shorting. But I think a lot of people might not be smart enough to realize that is what's taking place, and I feel sorry for them. THere is the claim that it might actually become profitable (if difficulty either stays the same, or if the exchange rate goes up), but I don't see that happening any timein the near future. And I serious question if these leech types who sell the contracts would not withdraw from the contracts if mining actually became more profitable.

You then have to also factor in what happens if the operation goes belly up? What happens to the hardware? If it gets sold, who gets the profit from the hardware? In contracts where you are just renting the mining power it makes even less sense to purchase the mining contract because not only are you very likely to lose money, but you will also have no hardware to sell to cut your losses after the 3 months are up.
44  Economy / Speculation / Re: How I know that the Bitcoin boat has sailed on: July 03, 2011, 12:10:27 PM

OP, sounds like you are bad with money, and need to learn the concept of diversification.
45  Bitcoin / Project Development / Re: Interrest for a new pool backend? on: July 02, 2011, 07:06:47 AM
I'm pretty interested in helping with the coding. I'm a pro dev and very good at C#, high performance code, and database architecting and tuning. Only problem is I have no idea what the underpinnings of a mining pool look like. For instance what are stale shares?  Why are you redirecting packets for an existing pool?  Are you setting up a proxy that miners like pobclm or phoenix would point to, and the proxy would manage getting work assigned for different pools?

I guess, can you explain in more general detail, to someone who hasn't reallly learned about how mining internals work yet, what problem you are trying to solve / what you are creating / how it will solve it?
46  Bitcoin / Bitcoin Discussion / Re: Huge Television Ad for Bitcoin on All the Major Networks on: July 02, 2011, 04:36:38 AM

We are working on a Bitcoin TV ad.....  to be broadcast on ALL the major television networks within the USA.


This television commercial will be advertising the basic benefits, for both consumers and merchants, of using bitcoins.


If you're interested in helping out in any aspect of this project, please send me an email or call me.


Bitcoin TV Ad Donation Address:    19ChNLmVHAcUDXUQ7grtUvWSBL9DwUwdU3





I hope it's not campy, and that's it's won't go on during the same time slot as infomercials, because that would just be counter productive.
47  Bitcoin / Bitcoin Discussion / Re: Why $17?? on: July 01, 2011, 07:42:29 AM
Might be a big hoarder who decided to cash out at 17$, now instead of later.
Why would a seller want to keep the price down?

A miner would want to keep the price down to keep other miners from starting/expanding mining ops, to therefore keep difficulty in check. Eventually that miner would want to lift their price control and let the price rise so they could dump all their BTC onto the market.

If that were what was happening you could work backwards from the BTC price to figure out what their mining costs are. I'm making a rough guess and saying they pay about $.18/kwh and want the BTC price to stay above their mining costs. If smart, such a person would  have set the price in advance of the difficulty, because hashing power is still increasing.

I don't think anyone would do this though. Just throwing it out there as an interesting scenario.
48  Bitcoin / Bitcoin Discussion / Re: Attention! This address is stealing BTC now! on: June 30, 2011, 10:32:49 PM
Man. Before two weeks ago I wasn't that concerned about security. This forum has made me super paranoid about network and PC security. Thanks a lot, guys.
49  Bitcoin / Bitcoin Discussion / Re: Attention! This address is stealing BTC now! on: June 30, 2011, 10:02:56 PM
Is there any way to detect this virus?
50  Economy / Marketplace / Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company on: June 30, 2011, 09:58:56 PM
Just to point out the risk involved, in order to maintain the current level of return , new mining hardware has to be continually added to keep up with difficulty. This means new investment is regularly needed to purchase more mining hardware, just to maintain an initial rate of return.

It has already been stated that investment in new hardware will always be needed to keep up with difficulty. Which means that a certain percentage of generated BTC will be put into new hardware. Just as BTC will need to be used to pay for the electric bill as well as other expenses.

Also see...

A note: the current situation is exactly why I proposed SIN: we've reached a higher difficulty but price of BTC hasn't followed.  This means that there is less ability for current miners to expand and less incentive for new miners to join.  However, because SIN is still getting investments (as well as still producing a sizable sum of BTC) we can continue expanding.  In fact, this week (the week following a huge increase in difficulty) will be the largest expansion this company has seen since the initial 5 rigs.  Once again, I would like to thank investors for their faith in this venture.  As Bitcoin makes history, so will we.

Investing in a mining company has other benefits than the hopes of profit, if that was the only reason, I would have been mining by myself.

I haven't been following this thread in great detail. I thought I remembered reading that the OP's decided to give 100% of earnings back as dividends. If that's not the case, what % is currently going back into new hardware before dividends go out?

Also, what is/are the other benefit(s) of investing in a mining operation aside from profit?
51  Bitcoin / Bitcoin Discussion / Re: We need a standard template for "I was hacked" threads on: June 30, 2011, 06:23:39 AM
Flaming those posters to provide the appropriate info or stfu would either discourage the ones who are trolling, or if they are telling the truth, help everyone out by getting closer to figuring out the security mistakes they are making.
52  Bitcoin / Bitcoin Discussion / Re: We need a standard template for "I was hacked" threads on: June 30, 2011, 06:21:15 AM
Why? If this is a crypto-currency that's designed from the ground up for anonymity, then threads about stolen Bitcoins are pointless. You'll never catch the person who stole the coins. If you do, you have no recourse to get them back.

1. The main point is to figure out how people are getting hacked (assuming the claims are true) so everyone in the community can benefit from the knowledge to make themselves more secure.

2. A possible secondary point is to find out as much as possible about the people stealing the BTC. Who knows, that info might end up being useful somehow, if only to expose those thieves.


53  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining Accelerator SCAM on: June 30, 2011, 04:22:36 AM
Just for the record, I was unable to recover any more BTC.  The following addresses of mine hold the secured BTC:

1BNY74WiVn66PQuQTXkzvRaHXnLMbQz9ww
1EeKfHRc6GTcc4Tv5tVGzWNHv4ERirsSk8
1Pw9CkBC6qSxwDgsPqx3kMmofWj8jLwLXH
18a1RoNu3WRneMimHEUYAB9FTmnhymagW1

I do not have time to work more on this tonight.  I'll post tomorrow when I figure out a good claim procedure.

Just for the record, I would like to give you props for your efforts. You are awesome.
54  Bitcoin / Bitcoin Discussion / Re: Attention! This address is stealing BTC now! on: June 30, 2011, 04:20:23 AM
And no more messages from nakowa?

I'm telling you.....again my theory....

Everytime a "BTC stolen" story gets bumped to the bottom of the page or off the page a new one pops up. Legit? I don't know.

But it's like clock work. It's like the troll brigade just wants that front page of threads to be tainted with scandal. I don't buy it. Or I should say, I'm very skeptical.

I'm not normally one to go for conspiracy theory type stuff, but the point you raise is a possibility that can't be ruled out at the moment. It's suspicious how these guys often ask for money, and almost never provide enough info to troubleshoot. When prodded for more details they suddenly post a message with what they believe to be the loophole by which they were hacked, but without a trail of evidence to make it plausible enough to stop troubleshooting/investigating. If I were hacked I know I'd be a lot more systematic about wanting to find out exactly what went wrong, and I'd be a lot more cooperative with the people on the message boards who were trying to help me investigate what happened.

They should just all be pushed into a separate forum and urged to stick to a template if they want to get any help. Yet another case for having a bitcoin forum with better moderation.
55  Bitcoin / Bitcoin Discussion / Re: Attention! This address is stealing BTC now! on: June 30, 2011, 04:13:52 AM
And no more messages from nakowa?

I'm telling you.....again my theory....

Everytime a "BTC stolen" story gets bumped to the bottom of the page or off the page a new one pops up. Legit? I don't know.

But it's like clock work. It's like the troll brigade just wants that front page of threads to be tainted with scandal. I don't buy it. Or I should say, I'm very skeptical.

What do you have in mind?

I updated some info by editing the original post.

You're not skeptical, you are dark.

Don't you see the blockexplorer link I've post?

I lost all my BTC. However, do you think I should cry for it everyday?

In fact, I'm busy on updating my BitcoinX (An AutoIt Shell for the official bitcoin client for windows. ) http://forum.bitcoin.org/index.php?topic=23791

Because I have to working on a virtual machine - I'm using a Macbook air, I had no time to back here for crying...

Do you think you could answer the additional questions people have so we could continue in trying to figure out how you were hacked?

It doesn't help your case that right now you are doing what a lot of other "I was hacked" posters do when pushed for more details the "I was hacked" -- being evasive.  (by not providing the info being requested by those trying to help you out)
56  Economy / Marketplace / Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company on: June 30, 2011, 03:08:06 AM
At a bank you get your deposit back.
If you store USD in a bank account your returned deposit will have less purchasing power than your initial deposit thanks to inflation.  If you get less purchasing power back from your bank, I don't think that really counts as getting your deposit back.

I think it does count as getting your deposit back. Any time you put in a deposit and get it back it has most likely lost value due to deflation. You're pointing out the obvious.

I don't think you know what deflation means.  The USD deposit will have lost value (purchasing power) due to USD inflation, an increase in the USD money supply.  This is one of the problems that Bitcoin has the potential to fix.

My bad. I do know what deflation means. That was a typo. I am sometimes dyslexic like that, embarrassing myself by typing out either an antonym or homonym of the word I am thinking of.
57  Economy / Marketplace / Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company on: June 30, 2011, 01:28:10 AM
Wooo, 4 bitcents!  Cheesy  Better than nothing I suppose...  Smiley

It's more than you would get for interest at a normal bank account.

At a bank you get your deposit back.

If you store USD in a bank account your returned deposit will have less purchasing power than your initial deposit thanks to inflation.  If you get less purchasing power back from your bank, I don't think that really counts as getting your deposit back.

I think it does count as getting your deposit back. Any time you put in a deposit and get it back it has most likely lost value due to inflation. You're pointing out the obvious.

To some, probably to most, guarantee of getting a deposit back beats uncertainty of an investment where you might get a high return at first but no guarantee of ever breaking even or getting back your deposit.

A lot of people call bitcoin a Ponzi, which while there are similaries and I can see why they would say that, is technically incorrect. But a mining company like this one one step closer to a Ponzi. The returns are guaranteed to go down due to difficulty. Quoting an annualized rate of return is bogus because is not reasonable to assume that the rate of return so far will not either decrease or increase wildly over the remainder of the company's 1st year. Just to point out the risk involved, in order to maintain the current level of return , new mining hardware has to be continually added to keep up with difficulty. This means new investment is regularly needed to purchase more mining hardware, just to maintain an initial rate of return.

Of course that comes with the standard disclaimers that both BTC value as well as difficulty could either increase or decrease. No one knows, and what you are doing when you invest here is essentially making a bet on what will happen with those two factors. Plus you also play a juicy premium to have the mining company run the mining for you.

EDIT: Fixed typo deflation -> inflation.
58  Economy / Marketplace / Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company on: June 30, 2011, 01:17:15 AM
SkepsiDyne is neither a legal entity by SEC standards nor is inside trading a crime in my view.  Shouldn't those willing to take risks get the rewards of early access to info regarding those risks?  Can government limit speech?

This is not the place to be talking about the law, but assuming the Bitcoin community loves free markets, free flowing information, and a consistent moral code, insider secrets should be regarded by non shareholders as irrelevant to their own affairs.
I only mention the law not because it applies but because this is custom that has evolved over hundreds of years of securities trading. Looking at the history of some past dodgy deals I'm quite glad of it.

To answer your question: How do you choose who is "morally" entitled to inside info? What if I paid tawsix for inside info 48 hours ahead of public announcements? Wouldn't that give me quite a bit advantage? What if tawsix used his insider position to dump his shares because the building burnt down - he'd have a few hours to do so all the time claiming an internet outage or a power cut.
This is not a free speech issue. This is a control on the dissemination of the speech. I'm not claiming its a government issue, I'm claiming its a moral issue. You also know that free speech has limits: lying, fraud, blackmail, "fire" in a theatre etc. have all evolved as legal limits on free speech. Insider trading is limit for similar reasons - all moral ones.

This is a moral debate. As an earlier poster said too often people think they're doing some new and special here and instead are setting up a new "wild west". Stock exchanges evolved rules (eventually set into law) because it benefited their customers. I'm not saying all those systems and rules are good - except this one.

Free flowing info? Yes I agree everybody should have access to it: Shareholders and non-shareholders (who want it). So if there is insider info let's publicly release it. I think I will.

No insider secrets are relevant to potential shareholders.

I can image we're never going to agree - so it's probably going to come down to who holds more shares: you or I. Happy voting.

Very nice explanation against insider trading, and why it should not be done, even in bitcoin companies.

Glad to see there are others who recognize the wild west nature of bitcoin and fight back against the morons who fuel it.
59  Bitcoin / Bitcoin Discussion / Re: Wikileaks accepting bitcoin is a big deal on: June 30, 2011, 01:07:47 AM
This is off topic, but I was curious: Is Julian Assange still running wikileaks? Or is it run by a consortium of people?
60  Bitcoin / Bitcoin Discussion / We need a standard template for "I was hacked" threads on: June 30, 2011, 12:44:41 AM
Those threads go nowhere. The OP's never provide enough info, and the same back and forth questions get asked in each thread. THe OP's never seem to give enough info to figure out what happened.

This is common enough now that it's in everyone's best interest to adopt a standard template/script of how an "I was hacked" thread should look, and what info should be included in the OP of each one of those threads. I'm not a security expert at all but I will take a rough stab at starting it off:


Required Info:
Screenshot of wallet showing the unauthorized transactions, and the ones before and after it
Address(es) where BTC were stolen from
Address(es) where stolen BTC were transferred to

List of all places on which wallet.dat were stored, including:
OS of machine, version, bitness (32/64 bit), etc
Any software firewall on the machine? What kind of policies are in place?
Is the machine behind a router with hardware firewall? If so, describe security measures in place/ firewall policies.
Stored in plain text/truecrypt/protected zip/encrypted drive/etc?
Is the machine a VM?
Describe security software setup of the machine (AV, anti-malware, etc). Are these services doing real time protection?
What browser(s) do you use? What kind of security precautions are taken for browsing (noscript, adblock, private mode browsing, etc)?
What files have been downloaded recently? (Note, this is probably a useless question because your machine could have been compromised long before you got into bitcoin)


Has the hacked wallet ever been stored in the cloud (dropbox, google docs, transfered via any email service, etc)?
Are the passwords for any of the machines, or cloud services on which the wallet has ever been stored shared with any of your other passwords?
How strong are the passwords? Describe char length, and what mixture of chars are used
Was hacked PC on when the hack took place?

Can you check your bitcoin client Debug logs for more info?
Can you check your router/firewall logs for any suspicious traffic?


I doubt I will have time to maintain this, so I would appreciate if someone else would like to take over creating & maintaining an standard "I was hacked" post template.
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