Solo mining FC is still interesting. Every found block (assuming 0.000030 per FC) is worth 0,0015 BTC which should be around 65 Euro cents at the moment. Looking at my 3 ASUS ROG MARS I see them finding maybe one block per hour with 500 MHash/s. So that's roughly 24*65 cents or 15.6 Euros per day. I call that profitable. Hence I just switched the other rig back from Yacoin Mining to FC mining. But not into the lovely 66666.6666 wallet. I don't want to disturb these numbers  You can do the math here: http://agran.net/fuguecoin_calc.phpAlso it might be advisable to hold on to these FC because I would expect the value to rise a bit more. Christian Do you have some special node or something ? I really don't get that much. I am clearly on the wrong side of the standard deviation... I found 4 blocks yesterday (didn't run the whole day though). Anyhow, they are easier to buy than to mine... The calculator seems way off for me, or I'm just really unlucky. Mined for 8 hours with 330 MH/s, not a single block. |
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PPC > $1000 is more likely then nxt > $1.
I'm a fan of both but... PPC at $1000 would mean $21 billion market cap, way higher than Bitcoin currently, and not all PPC have even been minted yet. I'd say NXT at $1+ is more likely. |
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Dorian seems to be more engineer than programmer. Nothing I've heard suggests he has a strong background in cryptography, either. So, the notion he has the skillset required is kind of weak.
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The guy is pretty confused... he referred to Bitcoin as a company in one of the interviews. I wouldn't take anything he says at face value. Let's not forget he also went through a stroke. I really feel sorry for the guy, he doesn't deserve having all these media types prey on him :\
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I was thinking someone may have hacked that account though, it doesn't look like it was very active at all and Satoshi may have used a weak password if it was just a throwaway.
If he posted again here on BTT that would make it more credible, or even better, PGP sign the message and post it somewhere.
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The journalist just wants to score with her article. Do you know in what kind of god awful state so called professional journalism is nowadays? Look at all the bullshit they come up with around Syria, Ukraine, the economy and also Bitcoin. And then you are so easily able to accept this story as the truth? Isn't this more like wishful thinking or confirmation bias at work?
I don't care if it is or if it isn't. My impression of events would lead me to believe that it was. If the journalist is putting arms and legs on her story, and it can be proven, then this will turn out horrendously embarrassing for her and her publication. Sure, the magazine wants publicity, but not for putting out big stories that turn out to be total duff. I paraphrase Dorian S Nakamoto as quoted in the article as saying "I am no longer involved with Bitcoin, the work has been passed onto other people I have no further involvement", apparently in the presence of two police officers. If he said that, in relation to a question on Bitcoin (something most people of his generation would never have even heard off), and the reporter wasn't putting words in his mouth or asking him a question in such a way that could be deliberately misconstrued, then it is the real Satoshi Nakamoto. Whether he admits it or not. He never mentioned Bitcoin specifically, he said "I am no longer involved in that". And we don't know the question he was asked. |
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That's very interesting, nice find
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I heard him say that he was not involved, which is exactly what the Newsweek journalist reported....I am no longer involved with Bitcoin, other people have taken it over. Where did you hear that? Is there a live feed somewhere? Stuff being deleted from Newsweek article as we speak. It's gonna hinge on this quote: "I am no longer involved in that and I cannot discuss it," he says, dismissing all further queries with a swat of his left hand. "It's been turned over to other people. They are in charge of it now. I no longer have any connection." Although even if that's what he actually said, it might not mean anything. It could simply be a case of him buying Bitcoin in the past, hence saying he wasn't involved anymore. He reportedly said that when two cops showed up at his doorstep along with the journo, surely must have been intimidated/nervous. He also went through a stroke apparently so who knows what his mental state is like? |
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I don't believe it's Satoshi unless she has a PGP-signed message from him. That's all that is needed to prove it's him -- they don't need to show his house, car, etc... none of that is relevant.
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rhaikh: I don't see where I suggested xi 1100 in that post...
Relm9: rejects are hugely dependant on the pool too. Where are you mining? BIOS is unlikely to affect your reject rate.
I get ~1% rejects at xi 1100, btw.
Yeah, I did wonder if it was the pool too. ScryptGuild here. |
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I'm a bit out of the loop when it comes to newer cgminer versions... I did try an xintensity value of 300 just now and this seems to be working better, rejects are at 4% which is an improvement over the 7% I was getting with intensity 20, and the hash rate is around the same as intensity 20.
My hash rate gain from -I 18 to the new settings only around 4-5% though, so with the rejects factored in it's almost a wash.
I'll have to play around with the settings more... I came across someone's post with 300 xintensity and his rejects were around 1% though, so not sure what's going on. He was running a custom BIOS and I'm still on stock, maybe that has something to do with it.
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Intensity 20 on these cards gives me way too many rejects, I found 18 is the best setting (< 1% reject).
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Thank you. I am ok, with that. Does that mean ALL bitcoins are stored online at the site?
It certainly sounds that way, and no mention of cold/offline storage was mentioned in the OP. I would also like to know the answer to this, as storing all funds online is extremely irresponsible. I would hope only a small % of funds are stored in a hot wallet, otherwise this hack could have been a lot more disastrous than 12.3% had he not caught on soon enough. Would be good if busoni can provide clarification on this. Anyway, I'm a fan of the exchange and will continue to use it. It seems like Poloniex has went through some insane growth lately which I imagine is all a bit overwhelming. The hack is unfortunate, but he's handling this better than most. |
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Difficulty of scrypt coins go up and down quite frequently, it's not an exponential rise like Bitcoin. LTC difficulty is around the same, or close to it, as I remember it 3 months ago.
The main thing that's changed is BTC value has went down, it was $800-900 back then, so break even was a lot sooner.
I'm guessing BTC value wil go up so you'll probably end up covering your costs much sooner than 240 days. The nice thing about GPUs unlike ASICs is they aren't a paperweight if the entire market goes south, still worth at least 60-70% of the purchase price to gamers, and newer GPUs aren't coming until late 2014, early 2015. Very low risk I'd say.
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Do not put more than 2 powered risers on the 5v lines (molex).
I thought powered risers pull from 12V. Correct me if I'm wrong? Don't see how people are putting 5 or more on these on risers if what you say is true. I've only ever used risers with cards that are powered from the PSU though. |
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gox.com directs to mtgox.com
Holy shit.. memo could be true. Cheesy I want to check myself but im afraid clicking / going to such a site, Who has a confirmation of this? WHOIS details show it is registered to Gox, and even more interesting, the registration info was updated today. |
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So now we're going to panic about normal Coinbase operations?
Panic? It's a good sign imo, lots of buying pressure. |
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Coinbase ran out of coins for today, seeing this message Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Friday Feb 28, 2014 at 04:45PM PST after your funds have arrived. read more  |
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I do not understand why some people would buy 5k of that 10k wall at 579.3 when they could have waited 2-3 hours and gotten their coins for cheaper rather than already be down $20 per coins they just bought from the wall? I am pretty sure most of it was bots buying coins, but there must have been some people buying coins from that wall. If after 1k coins it was not going any where, why would you continue on buying?
Could be bots but some people are buying to hold long-term and not day trade, what's a $20 difference if you are plan on sitting on your investment for a year or more? Also, if you are buying in large quantities (100+ BTC), it's a nice way of getting them at a set price when someone puts up a huge wall like that. |
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