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 I guess the state has a monopoly on all liberty-oriented figures now. That's exactly what got him in trouble for counterfeiting. Too cute by a half.  Agreed that is mighty similar, but when was the last time those were minted? I'd have to look up the date, but the point is they're still valid currency (though the silver is worth more than a dollar). His mistake was making something that looked like real US currency. All he had to do was make something that looked unique and he would have been fine. |
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Ah, that's high. I'm still hovering around 1.8%.
Maybe I was just really unlucky the first two times I started a client here. 117/118 good right now... |
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Hey BT, what's the stale rate for the pool as a whole? I'm seeing on average about 1.8% stales.
I know it's not that bad, but if we could knock that down it'd give us just a smidge more chance at the blocks.
I'm getting huge stale rates here. I tried here yesterday and was running like 5% stales. Tried this morning and was getting 8%. Haven't seen that elsewhere... |
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As someone who has been in the middle of developing motor controls (also DC switchers -- lotsa MOSFETs for the 200A@28VDC we were dealing with as our largest design), I say just buy a friggin' power supply.
There's a reason the higher efficiency ones cost more. Everything with good efficiency probably has PF correction, and there are some sexy little chips that can basically take care of it for you (adding more switching, of course -- yeah!). Basically, it's easy to design a power supply. It's even easy to design one with pretty solid outputs. Will it be cheaper? Maybe, but probably not, and it's unlikely that you'll end up with a design that's efficient and if you want to you're going to put in a lot of effort to do what others have already done at pretty low prices.
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Great discussion. I would also like to point out that if a computer is mining, esp ordinary machines, this will tie up all processes and make the machine very slow. I'm sure most owners will notice and do something about it, i.e. reformat
You are correct. Click fraud and stealing credit card information would be more profitable... with that being said, mining for bitcoins is more legit at this point.
It's a tug-a-war game. Haa....
It doesn't impact performance at all if the thread runs at idle priority, or if it only runs when the computer is idle. |
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This is not true. This is what the USA government accused him of. But just check the 5 dollar notes and tell me they can be confused:
Why do you pick the examples with the largest difference to prove your point? It proves that you have decided what you want to believe, and only look for evidence supporting it. What you should be doing is looking for evidence that disproves your own theory. If you did you would have used the most similar money, which are the coins. If you can honestly say that the most similar examples are too different to be confused you would have made a much more convincing argument. I guess the state has a monopoly on all liberty-oriented figures now. That's exactly what got him in trouble for counterfeiting. Too cute by a half. |
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I'm a lot happier doing business with someone who has a name, online photo and location, who has lived at the same physical address for a number of years, is vouched for by reputable people, etc. — real world stuff. Basically someone you feel you can go and visit with a baseball bat if he rips you off (even if you would never actually do that). These factors don't mean that he couldn't skip town, but it is less likely than doing business with someone completely anonymous who could be living in Neverheardofitstan.
Understand, and I'd be happy to share that information with anyone who emails me, I'm just less thrilled about posting it into an online forum where it shows up in a random Google search for potential employers, since I'm not in the tech business and people in aerospace and defense may not have the same view of something like this that a tech company would. Zaphod is actually my cat's name. Please don't show up with a bat and threaten my cat -- I kinda like him.  |
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There are not only proportional pools involved. Slush has a scoring method, bitcoinpool has a fine if you leave too early, etc. So it's more complicated to calculate. I guess if all pools would be proportional and have the same fee structure that approach would work.
Right, so you probably need to eliminate them from the rotation. I agree. Most pools publish their cumulative hash rate. So there could be a limitation like "don't put in more than an additional 50% of their usual hashrate". That doesn't solve the problem though if you choose a pool which has no reputation and runs away with the BCN...
True, obviously you can't just do any old pool, but there seem to be a number of 10-100Gh/s, low fee, proportional pools right now that are solving blocks and paying out... |
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If the network were more transaction intensive there would be some payment from transaction fees, but my guess is that it's really limited right now...
Edit:
BTCGuild publishes detailed data. Their fees are 0.2% of their revenue.
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Questions on pool hopping strategy:
Why not always go to the pool with the lowest number of shares? It would seem (at first blush) that this would result the highest returns overall. Intuitively this would seem to be the best way to capture disproportionately large shares.
Also, adding smaller pools could work if your server could pull equally from the X lowest pools where X could be configured based on the overall hashrate of the metapool. I understand the concern about these pools dying, but the flip side is that contributions from the metapool may sustain more of them, since the pool owners really only care to make their fee.
Just some thoughts.
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From what I have seen today, I wouldn't even feel safe with it as a backup pool. 5.5 hours downtime and counting.
My guess is he's been asleep -- 6:56am in Taiwan... |
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I think this is an excellent idea in principle. But who is zaphod? How do I know he's trustworthy and not two-faced?
And I almost missed the perfect opportunity to post: "Vell, Zaphod's just zis guy, you know? |
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I think this is an excellent idea in principle. But who is zaphod? How do I know he's trustworthy and not two-faced?
I know that this is the fundamental problem with this right now. What I can say is, I'm trustworthy, I'm a bit of a nerd (starting with an Apple II+ in the 2nd grade through working for Creative Labs in college and watching friends move to the valley, but I stuck with aerospace engineering and did something else), and I'm basically doing this to play around at present. I had never heard of BTC until a week ago and have been reading up. I don't have a lot of BTC (waiting on Dwolla) but have some US fiat currency (greenbacks) and want to play around and see if a real market could exist. Someone take a leap and buy something small and we'll see how this works... |
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I'm offering online purchases for bitcoins from Amazon. I will make the purchases for a fee of 4% below the current tradehill.com bid rate (currently $15.18/BTC, so my rate would be $14.57/BTC). Minimum purchase $50, max purchase $250 as I play with this concept. If you'd like to purchase something, please create a wishlist using their online tool and send it to buyforcoins@gmail.com. Include in the email relevant shipping information and method of shipment desired. I will make the purchase to your address upon payment in BTC. Note: Your purchase will arrive as a gift, and as such, be covered by Amazon's gift return policy: http://www.amazon.com/gp/help/customer/display.html/ref=hp_901888_howto_gift?nodeId=200572800#giftAdditionally, I can do electronic gift cards (delivered via email) from the following vendors: Amazon Newegg Buy.com If you have other requests, please let me know. I'm still working with how to make this all work but if a few people would be interested in buying something, I'll wave the fee and minimum purchase for the first 5 people. Just want to do a few transactions. Zaphod |
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I'm offering online purchases for bitcoins from Amazon. I will make the purchases for a fee of 4% below the current tradehill.com bid rate (currently $15.18/BTC, so my rate would be $14.57/BTC). Minimum purchase $50, max purchase $250 as I play with this concept. If you'd like to purchase something, please create a wishlist using their online tool and send it to buyforcoins@gmail.com. Include in the email relevant shipping information and method of shipment desired. I will make the purchase to your address upon payment in BTC. Note: Your purchase will arrive as a gift, and as such, be covered by Amazon's gift return policy: http://www.amazon.com/gp/help/customer/display.html/ref=hp_901888_howto_gift?nodeId=200572800#giftAdditionally, I can do electronic gift cards (delivered via email) from the following vendors: Amazon Newegg Buy.com If you have other requests, please let me know. I'm still working with how to make this all work but if a few people would be interested in buying something, I'll wave the fee and minimum purchase for the first 5 people. Just want to do a few transactions. Zaphod |
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 The Swami predicts.................. MySQL error |
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Thinly traded markets are easily manipulated.
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Give me any reason these socio-paths we've elected won't do this as they worsen everyone's economic situation?
Because they don't really care about this? Bernard von NotHaus was arrested for running an operation much, much smaller than Bitcoin is becoming. Liberty Dollar != Bitcoin Bernard von NotHaus was arrested because he was stupid, not because he was libertarian. Liberty dollar is not EXACTLY the same but LD and BTC are very similar in their objectives. Its an alternate currency. The feds don't care too much about alternate currencies, until they become widely used and pose a threat. Thats when they make their move. The feds will eventually crack down on bitcoin, how successful will they be is beyond me. My guess is not very successful. In fact, when the feds do try to crackdown it will only add to the power of bitcoin since when that happens EVERYONE will know what bitcoin is. If Liberty dollar coins had been purple and had a picture of chewbacca on them he never would have gone to jail. The way the feds will crack down is through the IRS. Any legitimate business who accepts bitcoin will have to treat it like a foreign currency from an accounting perspective. This is a lot of extra accounting work and a reason why large businesses will not do it for some period of time. Small businesses will also need to do their accounting correctly and pay their taxes or they will risk trouble with the IRS. If you are a business accepting bitcoin, dot your i's and cross your t's.... |
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Note how the politicians and media constantly note that bitcoin is being used for drugs and gambling? Why do you think that is? Its designed to make bitcoin sound like some shady criminal system. Even though the vast majority of people don't use bitcoin for illegal activities.
Obviously most people don't use bitcoin for drugs and gambling, most just trade it on the exchanges. Next would probably be drugs and gambling. Maybe after that is someone ordering a bag of chips over the internet with them? I'm not saying it won't grow beyond this, but TODAY that's a pretty factual description. Bitcoin desperately needs some legitimate vendors to begin accepting it... |
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Give me any reason these socio-paths we've elected won't do this as they worsen everyone's economic situation?
Because they don't really care about this? Bernard von NotHaus was arrested for running an operation much, much smaller than Bitcoin is becoming. Liberty Dollar != Bitcoin Bernard von NotHaus was arrested because he was stupid, not because he was libertarian. |
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