3: The payment/reward is simple cf Slush for newbies. different methods, not one necessarily better than the other.
The proportional method used by deepbit is necessarily worse than all others. If a newbie really wants simplicity he should go for PPS, preferably in a pool with lower fee than deepbit's 10%. I agree the 10% is amazingly high! |
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I forgot to ask, could we send Justin Bieber there? Solve a few problems all at once.
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Anything but Deepbit,
I still don't understand how they are one of the biggest. That said, it's all personal preference. Personally I like the different varieties of proportional. When the pool hits a nice luck streak it's like winning the lotto! But, PPS and SMPPS (so long as the pool can produce) are nice as well for a steady income Some reasons could be: 1: It is large. That gives some stability and they find blocks reasonably often. 2: 3% isn't too huge a fee for many, especially when linked with #1. 3: The payment/reward is simple cf Slush for newbies. different methods, not one necessarily better than the other. 4: When setting up miners via Guiminer, deepbit is fairly easy and works. (When I first started and couldn't get solo running, it was one I chose due to likely variance. It could have as easily been Slush's Pool.) Why do people prefer different things? That's partly what gives marketers their jobs. For example, buying computer hardware, some people prefer buying online, others with a real person, some the big companies, others the local store. Different people have different needs/wants. |
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Anyway, OP, here is some help: http://tpbitcalc.appspot.com. You need to wait around 2 months to mine a block with those cards. This is a probability, which means that you may hit a block next month or 3 months from now. Good calculator - I had not seen that one before. |
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I wonder how could you spend 4 hours in the newbie section without realizing that you can't solo mine with that hardware and that lost wallet means lost addresses.
<sarcasm> Congratulations, you've invented a new game - stand with a stopwatch next to newbies and see how long it takes them to become experts in the various intricacies of Bitcoin. </sarcasm> +1 They could solo mine with that hardware, they just might not see blocks very often. Plus, to jctusmc03, Meni has looked pretty carefully at different pools so checking his recommendations would be a sound idea. |
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Keep in mind there was a short squeeze, so take that with a grain of salt.
It wasn't his usual "we're all going to die" type of message, that's why it stood out. |
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lol thread
Who would invade? The US is broke and pulling out of Iraq and anywhere else they can will save them precious dollars, and pretty much most "west" countries are up to their eyeballs in debt too. The only real reason for the wars like desert storm (1990-91) was oil, and that is still really the only reason - to take control of the commodity.
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https://en.bitcoin.it/wiki/Comparison_of_mining_poolsChoose one that seems fair, and probably one that isn't too small. Also, make sure you are happy with the reward method as some have high fees or quirks that advantage hoppers (and my opinion and investigation says that tends to be the smaller ones). Personally, I mine at Deepbit because it suits my setup, but not much at the moment because of price. Slush also looks interesting and his posts on the forum are sensible so you can get good feedback/information.
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I must be really lucky cause I switched to solo today and hit my fourth block this month. Plus one on a pool. So stop giving the solo guys a hard time.
Who is giving solo miners a hard time? Most comments suggest it may not be suitable for everyone, but I don't see a horde of posts saying no one should consider it. Plus, with the change in difficulty it's becoming more attractive again. |
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Karin Ishida is the true face of the elusive bitcoin manipulator. Here is a candid photo of her having a good time making money at Ishida Finance!
Man, I made the mistake of starting Shangri-La just after the Bitcoin speculation mania 'n all the discussions about it. I survived about two episodes, going HNNNGG WTF "financial experts". Their research reminds of the first FSN, where Tousaka shouted "Abzug Mittelstark!" as a spell. It translates to "extractor hood medium strength".  So, mh, manipulator? Just watched a bit of the first ep of Kamisama no Memochou. Alice looks like she'd do a good manipulator. And one of her pawns is called Satoshi!Oh, otaku-hijacking of thread? My bad. First page made me forget I'm not on *chan. The Laughing Man - S.A.C. |
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I assume you meant 3.8 Ghash.... Thash would be awesome though, haha. Running 3.8 Th/s is awesome, even if it's not my own  meh, my fail. Still . . . . thinks about it . . . . nope, not enough space. |
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Good on you, on "average" you should have hit two blocks, so you are +1. I am not anti-solo, but a lot of people with only one or two GPUs would be at the 1 block every few months level.
(based on 6 blocks/hour, 23 days and average network speed of 8000 cf your 4 = 1.7-ish or one each two weeks)
If I bothered to run 3.8Thash which is roughly what I have if I set it mining, it would be costing me around US$100/week or a bit more, so it's cheaper for me to buy than mine, even if I managed to get 1 block a week which is above average.
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Inflation != volatility. Bitcoin never technically hyperinflated (>50% monthly depreciation) but it was still a bit annoying trading physical goods.
I agree, it tends to be one direction only. Maybe you should try playing electricity spot trading - more volatile than almost anything else I know. $100 one hour and $20,000 the next, or $0.01. Hard to tell. |
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I love how easy is to jerk the chains of Coinhunter. With a couple of post I brought most his personalities out on one page. In this thread we have heard from Coinhunter, Spacy, Psytard, Bulanula and FlipPro.
Now all I need to complete this collection of inbreds is for Viper Lemon Bitch and Clipse to drop by.
You really must be a woman : your short term memory sucks. I thought we already established that I am no longer a SC fanboy  ? Well, maybe there was a long weekend. and Clipse appears on page two (and got quoted). |
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Thanks Chris - I'll try some updates at the weekend.
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Merchants usually don't like to receive $10 for their sale... make that $9.50 a minute later. No, $8.50 5 minutes later.
Zimbabwe super hyper inflation - and you're right, they didn't like it. |
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why is a duck when it spins?
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btw - on the GOX depth table, there are more bids than coins in existence, or that will ever be in existence (total = 27 million bid)
I think the more relevant bit of information is that there is currently about $600,000 in bids. There is, undoubtedly, more money than that sitting in MtGox, but that's all that we can see. Even if there's twice that in MtGox, that isn't that much. If twice the visible cash were to instantly advance on the supply, then the price would go to just about half the all time high. A million (USD1M) would clean out the offers up to $13.30 on Gox, but there is only 264,000 coins for sale there and could all be had for just $3M. back to waiting now . . . . . . . . . . . . |
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