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101  Economy / Speculation / Re: FBI Seized coins on the move on: June 12, 2014, 09:29:18 PM

Shit Smiley

$300 pe BTC if the buyer sells on exchanges! I suspect auction buying price will be 70-80%, right?

Anyone making a bid for that much BTC wouldn't turn around and dump it on exchanges. As for the price, could end up being higher than market rate, seeing as you can't easily get that many coins on exchanges without driving up the price.
102  Bitcoin / Bitcoin Discussion / Re: 15-Year-Old Makes $100,000 on Bitcoin on: June 11, 2014, 04:44:34 PM
That is a very cool story. There is a good chance he regrets selling his BTC though.

According to the reddit thread he sold near the ATH - $1200, so he can certainly buy back in at no loss.
103  Alternate cryptocurrencies / Mining (Altcoins) / Re: Wolf's MRO CPUMiner - 2x speed compared to LucasJones' on: June 07, 2014, 01:24:05 AM
I'm using GCC 4.7.2 and LD 2.23 compiled.
when I make , I got a error:
gcc: error: -fuse-linker-plugin is not supported in this configuration

who can help me ?
thanks.


Had the same issue with GCC 4.8.2. I removed -fuse-linker-plugin from the Makefile and it compiled without issue, works fine too. Not sure if this impacts any optimizations, but speed seems good, 420 H/s on dual  E5-2620 with -t 12.

It's not your GCC version - update your binutils. You may get a better hashrate with it.

Worked - thanks! Smiley Slight speedup - +~10 H/s
104  Alternate cryptocurrencies / Altcoin Discussion / Re: Why did Poloniex accept X13coin to trade? on: June 07, 2014, 01:20:39 AM
Buying the new altcoin clone of the day is not an investment, it's rolling the dice. I don't blame Poloniex, they just add whatever they think will bring them volume.
105  Alternate cryptocurrencies / Mining (Altcoins) / Re: Wolf's MRO CPUMiner - 2x speed compared to LucasJones' on: June 06, 2014, 12:29:28 AM
I'm using GCC 4.7.2 and LD 2.23 compiled.
when I make , I got a error:
gcc: error: -fuse-linker-plugin is not supported in this configuration

who can help me ?
thanks.


Had the same issue with GCC 4.8.2. I removed -fuse-linker-plugin from the Makefile and it compiled without issue, works fine too. Not sure if this impacts any optimizations, but speed seems good, 420 H/s on dual  E5-2620 with -t 12.
106  Alternate cryptocurrencies / Altcoin Discussion / Re: DRK on BTC-e?! on: May 14, 2014, 06:06:11 AM
BTC-E will not add Darkcoin, there is a much bigger chance for BTC-E to de-list one or more coins rather than adding one.

I agree. BTC-E doesn't seem to have much interest in adding new coins, don't see why they'd start all of a sudden with DRK.
107  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: April 14, 2014, 04:38:16 AM
Sure but that price wasn't set by the market.  Anyway, I'm not knocking XCP.  I think it's great.  I'm just wondering if anyone has an explanation for the recent deviation in price between it and MSC.

MSC volume is pretty low, less than half that of XCP in the last 24 hours.
108  Alternate cryptocurrencies / Altcoin Discussion / Re: 2015 the end of normal scrypt mining with GPU's? on: March 29, 2014, 03:18:51 AM
Buying scrypt  ASICs are a huge risk if you ask me, community support will gravitate to the coins that everyone can mine without investing in specialized hardware. I do not believe Litecoin would be where it is now if it was not ASIC resistant when first released.

Aren't alternate algorithms favouring GPUs more a miner's incentive rather than a speculator/investor?  why would the market notice if the vertcoin came from gpu, or the litecoin came from asic?  a coin, is a coin, is a coin.  i doubt the general dogecoin using public know or understand the implications of "block halving" either, but it sure had miners rigid.  

I'm interested because i continue to mine vertcoin, but am concerned its blockchain will be vulnerable to attack when it is woth more. I don't think i'll be running my GPU farm forever due to the sheer cost of electricity, and i am beginning to realize people won't keep those gpu's running forever.  a 275khash 6850 uses 200w, and a gridseed uses 7w.





The market doesn't care about the algorithm (mostly, there a few cases like Primecoin where it drove initial growth), but it does care if a lot of people are using/backing the coin. Word of mouth is crucial in the early stages. There are a lot of GPU miners out there that will start to just ignore scrypt coins once ASICs are more commonplace. Has there been a truly successful SHA-256 coin since ASIC usage became widespread? A quick glance at Coinmarketcap tells me no.

I'm not saying the miners hold all the power, but in regards to PoW-based coins they sure do early on in a coin's lifecycle.
109  Alternate cryptocurrencies / Altcoin Discussion / Re: 2015 the end of normal scrypt mining with GPU's? on: March 28, 2014, 11:49:55 PM
Buying scrypt  ASICs are a huge risk if you ask me, community support will gravitate to the coins that everyone can mine without investing in specialized hardware. I do not believe Litecoin would be where it is now if it was not ASIC resistant when first released.

My feeling is that the value of scrypt coins will continue to decline as ASICs become more prevalent, coins with ASIC resistant algos will grow as will pure PoS coins. Litecoin will survive as it has a good base already and has been around for awhile, but the difficulty will get so high it'll just be another Bitcoin situation, where miners barely break even on USD terms and don't make the LTC they spent back.

GPU it is for me.
110  Economy / Speculation / Re: China BANNED BITCOIN! This time for real! on: March 27, 2014, 11:41:58 PM
Time to buy.
111  Economy / Speculation / Re: Poll: Market effect of a MtGox payout. on: March 26, 2014, 07:36:08 PM
Price of Iceland’s Auroracoin Falls 50% Against Bitcoin After Airdrop.* Spoiler alert, same thing will happen if gox "airdrops" the coins back to the users.

* In hindsight, this was a great opportunity to short auroracoin. I wonder if there were any easy ways to do so. 

quite a different scenario there. Those Auroracoins were given away for free and it is more or less a worthless alt, I'd dump them no question.

I don't think people would be so quick to dump their BTC.
112  Bitcoin / Legal / Re: IRS Releases Tax Rules on BTC on: March 25, 2014, 07:52:59 PM
This is insane if they expect miners to go off of moment of holding/creation for gains

Would this include Alt coins? I mine a variety of coins and have thousands of them. Then I have at the least 30 or so Alt coin to BTC trades going on each day.

Do they expect me to base the gains on when I get the actual BTC? or the Alt coins?

Then there's my tiny little bluefury making a whopping .00002 btc a day. Do they really want a gain for that fraction when after a few months I have enough to even hit the withdraw limit from a pool?

Fuck, this is how you kill mining for the common person.

The ruling is for "virtual currency" it does not mention Bitcoin specifically, so yes would apply to alts.
113  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] cudaMiner - a new litecoin mining application [Windows/Linux] on: March 25, 2014, 06:09:35 PM
So the GeForce GTX Titan Z is actually a thing, and nVidia says it maintains low thermals...
only $2999 for 5760 cuda cores!
Lets all donate to a public... meh nevermind.

I'm disappointed it's basically just two Titan cores bolted together. Thought the next Titan part would be Maxwell based, meh.
114  Alternate cryptocurrencies / Announcements (Altcoins) / Re: b13 of xptMiner/dga for Riecoin on: March 24, 2014, 06:36:04 AM
The ypool chat room was full of people noticing that b12 slowed down too much, so I've pushed b13 as a compromise between safety and speed.  But it also includes an important bug fix (which should be masked by the other one, but fixing bugs is good).

 http://www.cs.cmu.edu/~dga/crypto/ric/
and in github:
 https://github.com/dave-andersen/fastrie/

Also, there's now a ChangeLog that covers all of this stuff:  https://github.com/dave-andersen/fastrie/blob/master/ChangeLog

It may be slightly slower than b11 when a block takes a long time, but it's not too far off.  It might even be a little faster for fast blocks, but overall, it's probably 5% slower than b11, but it won't get into the "invalid prime" problem.

There were two bugs in b11:
  - If it went too long before a new block was found, it could overflow the 256 bit riecoin nonce field -- I changed some constants and didn't re-do the math on them.  This is now computed based upon those constants, so the bug shouldn't reappear.

  - It could run for too long without updating its block time field, which would cause ypool to reject it even if it contained a valid share or block.  I've mostly kinda sorta fixed this, but the current version reflects a compromise between safety (updating the time field frequently) and efficiency (running as long as possible after computing a target).  This one's a "let's run it and see how it does" kind of thing.

For people who like to read the source of these things, the internals have gotten a little cleaner, which hopefully makes the logic a bit more clear.  In particular, I think the offset computation should be easier to read and understand now, for those seeking to understand what makes these miners tick.

  -Dave

For some reason, when starting this up on my server it hangs after the "Launching miner..." and just exits. I'm on CentOS 6.4 and had to compile against custom built gmp as the one CentOS had was outdated. No errors or anything though. I also tried your prebuilt binaries, same thing.
115  Economy / Speculation / Re: Vicurex freezing withdrawals. on: March 24, 2014, 01:12:05 AM
This is not good news but I'm liking the way they chose to handle the matter seems very responsible on there part to make things so transparent and I hope people give them credit for that and there service to the community.

this was handled definitely much better than the gox situation, where they lied until the very end (and didn't stop lying even after that)

Agreed, this is why I have respect for the way they (Vicurex) chose to handle the problems they had.  Gox was a much bigger exchange IMO and they acted beyond poorly which made me lose total respect for them before the latest debacle.

I don't have any respect for Vircurex, they may not be as incompetent as Gox but not halting all trading as soon as this happened is very irresponsible.
116  Economy / Speculation / Re: Vicurex freezing withdrawals. on: March 23, 2014, 09:10:42 PM
lol years, you really have no idea how profitable it is to be such a exchange like vircurex. In a few weeks most of the losses could be covered.

Oh really? Take a look at this report...

https://vircurex.com/Reports/2013-11.pdf

1218 BTC in the red September - November 2013, and they made only 64 BTC in revenue which I assume is all from trading fees.

Yes, you are probably looking at years for them to recover the funds, that is if they are even still around then. Luckily I only had a small amount of BTC in there, decided to cut my losses and buy some DOGE at 140 satoshis, rather than wait forever for them to recover my balance.

Only doge/btc only today already has 200 btc volume. Why not show me stats from their first month on the market?

The DOGE volume is only high because people are buying it then withdrawing to get funds out, that's not going to continue, it'll drop like a rock tomorrow.

As for the stats, that's the most recent report I could find.
117  Economy / Speculation / Re: Vicurex freezing withdrawals. on: March 23, 2014, 07:30:12 PM
lol years, you really have no idea how profitable it is to be such a exchange like vircurex. In a few weeks most of the losses could be covered.

Oh really? Take a look at this report...

https://vircurex.com/Reports/2013-11.pdf

1218 BTC in the red September - November 2013, and they made only 64 BTC in revenue which I assume is all from trading fees.

Yes, you are probably looking at years for them to recover the funds, that is if they are even still around then. Luckily I only had a small amount of BTC in there, decided to cut my losses and buy some DOGE at 140 satoshis, rather than wait forever for them to recover my balance.
118  Economy / Speculation / Re: Vicurex freezing withdrawals. on: March 23, 2014, 06:24:32 PM
Vircurex is handling it the right way.

The coins can't be traded. They are completely frozen...

Vircurex has identified the amounts, the users are all informed.

The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.

On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
They haven't froze the balances yet you can still trade. Freezing will happen tomorrow.
119  Economy / Speculation / Re: Vicurex freezing withdrawals. on: March 23, 2014, 06:07:43 PM
That's not good at all, Vircurex doesn't have that much volume it'll take forever to pay these customers back from trading fees.

Expect to see the price of coins not affected on there to skyrocket as people try and get their BTC  out.
120  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 22, 2014, 02:35:43 AM

Even if cityglut told me to stop posting, I can't just sit down while watching XCP falling apart.

Having 200 non technical people trying to protect their 2 burnt BTC insulting the BTC devs and adding their irrelevant 2 cents is the way to go, definitely.

Back to reality, no one from the core devs has been consulted, and they can get rid of the 'XCP parasite' in one commit if they want.

It was an interesting project, with talented devs, but the greed and overall retardness of the so called 'community' on top of the terrible lack of communication in general was the last nail in the coffin.

Time to dump until the news spreads, and move to something else. Thanks for the five folds profit. Hopefully Ether or whatever will make things right, control their community, and have a clear communication with all people involved.

No thanks. Funny thing is, you complain about the people weighing in on matters they don't understand and you aren't much different. I'm glad you dumped all your XCP though since you clearly no longer believe in the project.
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