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From a mining perspective there is absolutely no change to the end-user. The pool has to support merged mining, that's it. Then instead of just mining NMC or BTC, you'll be mining both.
The NMC client needs to be updated to accept the new auxiliary chain. The current NMC client doesn't support this functionality, so it will be a forced update. Bitcoin will not be affected in any way.
The talk is that NMC block 19200 is going to be the launch block. Should be about a month away.
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The only thing that matters for long term economic growth is the pace of technology growth (well, you need to fund it through saving instead of borrowing). Better technology leads to improved productivity meaning less time needed to produce the goods and services we enjoy. Of course, if we're talking about countries, policy becomes important as it can affect the efficiency of using the available technology etc.
Read up on the solow model - in the long run it's been pretty much spot on. I'm not going to try to explain it here since it would take me a couple hours to do it justice.
Improved productivity doesn't cause recessions - it's the only reason we have the standard of living we do nowadays. You example is flawed. Just because A becomes more productive doesn't mean that he will fire C. If you had a business and developed a technology that would double your earnings, would you fire your employees and keep working the same amount as before? No, you'd keep the people onboard and take more time off!
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There is no bubble in gold.
It might slid off a big these coming weeks, but that is due to the massive 16% increase this month.
Gold is definitely headed over $2000 long term.
Well there has been in history. If you look at it from a more realistic perspective (e.g. elements and their physical nature) sure fiat money is worthless paper but since when should an oz of shiny metal be enough to buy a house and its land? please educate yourself on gold, silver and other forms of non-destructible stores of value. gold is not in a bubble. I truly feel sorry for you, but I hope you make an effort to educate yourself about it and not listen to talking heads on TV. Gold is finite. it can never be in a bubble like fiat money, houses, stocks, tulip bulbs and everything else that has been in a bubble. it's very easy to confuse volatility and price fluctuation with a bubble. for something to be in a bubble, eveybody and his mother has to rush into it (just one of the symptoms of a bubble, there are several others). the sad fact is that 99% of people (at least in USA) do not own a single ounce of gold. Furthermore, if every person on Earth decided to buy 1 ounce of gold, just one ounce, there isn't enough gold. re-read that please... there's not enough gold for everyone to have just 1 ounce. now, you can print or build as much as you want of everything else... physical gold you can't. I cry for you... please don't get slaughtered... I beg you to truly educate yourself on gold/silver. Oil is finite, yet we've seen an oil bubble...BTC is finite, yet we saw a bubble a few months back. Bubbles occur in everything, they're the result of speculation. Please educate yourself on what a bubble is before you spout BS. |
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how is it even possible? You can't hash 2 different block headers and spend only 1/2 of the computing power of hashing only one of these blocks...
It's already working on the testnet, so you don't have to understand anything - just know someone figured out a way of doing it. |
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It is more efficient - the more output per unit time you have, the more efficient it is since the card will be wasting less power sitting idle.
If you want to increase efficiency, that is a hardware thing - namely undervolt your card.
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I'm giving this a go.
5850, all the usual flags, aggression 11. Dropped 1.5mhash compared to phatk 2.2 but we'll see if invalid shares also drop and/or valid shares go up. I'll edit this post in a day or so (if I remember).
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First thing that comes to mind is your 5830 locking it up. Try lowering clocks to 925/325 (400 is unstable, but ~300 is stable again on my 5850).
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5 Thash is enoght to keep the network running. and anyway at the next difficulty will drop if you do it.
and btw mining should not be profitable. it should run at 0-cost, 0-gain.
but feel free to stop mining at anytime.
No, it should earn normal profits... no it can not. it is simply supply-and-demand. if you can't grasp it, then you try reading about it. miners will only gain enough to cover their costs. if they earn less: they will stop mining. if they earn more: more miners will come. I have a master's degree in applied economics... Mining should earn normal profits, just like any other business. Normal profit is defined as a level of income that is no higher than what you could earn by doing something else with your time and capital. If you can earn more doing something else, you shouldn't bother with mining. no! because mining is not a job. it is essentially just leaving your computer on, so therefor anyone could leave their computer on and let them do the work for them. you can mine and work at the same time... this does only apply right now, when it comes to asic/fpga mining, things change... btw. trowing a fine title at my does not help  Mining is a job for some people (the big players) - basically anyone that's not just doing for kicks. It takes time and it takes money, and they're doing it for the sole purpose of earning $$$. My "title throwing" was aimed at your supply and demand comment - don't assume you know more than someone else. |
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5 Thash is enoght to keep the network running. and anyway at the next difficulty will drop if you do it.
and btw mining should not be profitable. it should run at 0-cost, 0-gain.
but feel free to stop mining at anytime.
No, it should earn normal profits... no it can not. it is simply supply-and-demand. if you can't grasp it, then you try reading about it. miners will only gain enough to cover their costs. if they earn less: they will stop mining. if they earn more: more miners will come. I have a master's degree in applied economics... Mining should earn normal profits, just like any other business. Normal profit is defined as a level of income that is no higher than what you could earn by doing something else with your time and capital. If you can earn more doing something else, you shouldn't bother with mining. |
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5 Thash is enoght to keep the network running. and anyway at the next difficulty will drop if you do it.
and btw mining should not be profitable. it should run at 0-cost, 0-gain.
but feel free to stop mining at anytime.
No, it should earn normal profits... |
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Hashing is random, so you might have just gotten lucky.
Do a reset and let it run for another day. If you're still getting persistent positive luck, then there's probably something wonky in the code.
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Total BS. You only have one third of cards in any of the pool. If you only care about the total, you should split your hasing power into every single pool (other than deepbit because you think it's evil) and your formula will generate even greater number.
Do whatever you want and I'm sticking with deepbit, so will the rest 5 terahash.
It cuts down the variance of payouts...if you're too dense to see that, go ahead and keep paying the fees at deepbit. |
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When calculating the optimal overclock, it makes a huge difference if you have a multi-gpu rig or not. If you just have a single GPU, the proportion of power draw from the card will be relatively lower than in a multi-gpu setup. In this case, it might make sense to overvolt and overclock.
In a multi-gpu setup, minimizing power usage is the priority.
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Besides, PSUs reach their optimal efficiency around 60-80% load. You'd be better off just getting 2x850W (corsair TX850 comes to mind as it has a single 70A 12V rail) PSUs and hooking them up in parallel.
OC'd, you'd draw around 1400W, which puts you in an efficiency sweet spot if you have 1700W capacity.
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add a fastloop=false and worksize=192 to the phoenix to see if it makes a difference.
And don't complain - go with the one that's fastest. If poclbm is better, just use that then.
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I love that site.  |
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Originally your math would have been correct but since the new updates to NMC network at block 24,000 will likely take place the prices for domains will go close to 0 NMC very quickly.
That would make a difference then. Well played sir. This isn't good for NMC value - if you need next to none of them, there will be no demand. I can't imagine that there are millions of people waiting to register .bit domains. Unless NMC becomes a competing currency to BTC, I really think this isn't a good move on the devs part. The lack of demand is already evidenced by the BTC/NMC exchange rate. This will just worsen the situation. |
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non-OC is the only way. Mine is a totally shitty OCer (835mhz is max stable without going crazy with voltage) and does 345MH/s. Tips: Go to the mining software page, download the upgraded phatk kernel: http://forum.bitcoin.org/index.php?topic=25860.0Use these flags: -k phatk VECTORS BFI_INT AGGRESSION=13 FASTLOOP=false WORKSIZE=256 Adjust aggression if you're not running a dedicated box. Overclock without raising voltage. I use AMD GPU clock tool. Set ram to 300. GPU to 800+ (depends on what it can handle). Enjoy extra MH |
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Thanks. I'm trying to mull over the pros/cons of pool hopping. The morality argument smacks (to me) of youth. If anyone can pool hop, then it doesn't seem immoral since the opportunity is there for everyone. Similarly, if more people hopping would make hopping less profitable, then even more so.
It's like saying you're "cheating" by driving your car more efficiently than its EPA MPG rating. Technically, you're cheating the oil companies, who like it or not DO influence Washington when it comes to MPG legislation. So by driving your car more efficiently, you're hurting the oil companies who then have to raise the price of oil, which hurts everyone. Pretty ridiculous argument, no? Logically equivalent though.
Good for people (especially young folks) to be *thinking* about morality though. Shows it's not totally dead. So I'm not gonna rail on them for it.
It's more like cutting in line - if the line ain't moving fast enough, just skip a few people... But I think this should be addressed by pool operators if they don't like it. If there are pools that allow it, they're victimizing themselves because it's easy enough to make unprofitable. You're going to get the highest payout from hopping. Just think about it in a 2 pool world with no other operators. So pool A and B both start mining and you join pool A. After 10 mins, pool B finds a block. Now, all the work you've done for A is basically useless (new block = new work). So if you switch to pool B, you have the same likelihood of finding a block as you would in pool A, but you also get paid for the previous work you did for pool A even though it is of no use in finding the current block. Basically, you get paid extra if you mine in the "freshest" pool. |
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