541
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Economy / Economics / Re: how banks works ?
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on: December 11, 2010, 07:28:41 PM
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download it, nothing keeps you from doing that.
and maybe you should at least read and try to understand, how bitcoin works, seems you don't understand anything of it so far.
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542
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Economy / Economics / Re: how banks works ?
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on: December 11, 2010, 07:22:20 PM
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it doesn't need the founder, father, god, or supermutant, everyone can do it. you can do it. why don't you do it?
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543
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Bitcoin / Mining / Re: Join a pooled bitcoin mining effort
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on: December 11, 2010, 07:16:59 PM
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thanks! I've read about the "120 blocks lagging" somewhere but I didn't remember. you're welcome. to correct myself, it's not that you will receive, you actually already received those bitcents to that address, it's already yours, they are not "mature" yet though, you can't spend generated coins for 120 blocks after generation. that's why they don't show up on your balance. in a client-GUI you would see something like this "Generated (0.09 matures in 75 more blocks)"
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544
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Bitcoin / Mining / Re: Join a pooled bitcoin mining effort
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on: December 11, 2010, 06:53:13 PM
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I started somewhere within the mining and I stopped before the new block was created.
so you stopped before the block was found and you got your share anyway. this also answers his machine or net access chrashes just before the next block is created. Will he lose his mined bitcoins? no, he won't lose anything, he'll get his share, as long as he's swimming in a contributed-pool, and not in a connected-pool. you will receive the 0.09btc to your bitcoin-address in about 79blocks (as i type this), noone can take it from you to give it to the faucet, you have todo it yourself.
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545
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Bitcoin / Development & Technical Discussion / Re: Pooled/Remote Mining
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on: December 11, 2010, 07:40:43 AM
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WHY AM I ONLY GETTING "8.10162 BTC if this block is solved"? I should be getting 18.535, because! seriously, it's already been said in the other thread, besides that, it's all in the readme-file, shame on you theres 2 options for the distribution-type of coins, server-admin chooses either 'contributed' or 'connected'. '..."connected" will distribute coins only to those clients that were connected when the block being solved was created....' while '..."contributed" will accrue all hashes sent to the server for a given address since the last generated block...' the pool currently runs in "contributed"-mode, the longer you'r online, the closer you'll get to your 18.535btc.
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546
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Bitcoin / Bitcoin Discussion / Re: No coins generated in 708 hours, normal?
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on: December 11, 2010, 05:40:39 AM
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Also, i think that the miner also uses one core, but i might be wrong since i only tried CUDA miner which uses 100% of GPU plus 100% of one of my 4 cores. m0mchils OpenCL miner doesn't use much of your CPU at all, maybe up to 5%, not sure about Diablo-D3s, but i guess it's somewhat close to that. it's only the cuda-miner that runs that bad. your right about the power-consumption though, 5970 is maxed at ~300W, would be a bit less when just mining. someone on irc mentioned a HD5970 setup running on an Intel Atom at ~330W, not that much for ~600M, my oc'd HD5850-system needs ~230W for ~300M (+50W/65M with HD5570).
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547
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Bitcoin / Mining / Re: Join a pooled bitcoin mining effort
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on: December 11, 2010, 04:28:49 AM
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The server saves the number of hashes on exit and reloads it on restart. confirmed, it still showed my last expected btc-share after downtimes, you wont lose anything even when the server goes offline for a nap (as long as it wakes up again and finds a block someday). running only 1CPU 24/7 and a GPU ~20/7 on the pool my numbers look quite alright, also nothing to complain here. will be interesting to see some pool-competition, as soon as slush comes up with his cooperative mining solution, i'm curious and looking forward to it.
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548
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Bitcoin / Bitcoin Discussion / Re: All I want for Christmas...
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on: December 11, 2010, 03:13:17 AM
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With bitcoins at about $0.20, a block of 50 is worth $10, so after 40 days the card would be paid for. That may be a little optimistic (especially if everyone gets 5850s for Christmas) but at least it would be fun to be generating blocks.
don't forget, that within those 40days the difficulty will rise, so if the price of bitcoins stays at ~$0.2, it might take slightly longer for the card to pay off. besides that, the 5850 isn't a bad deal, ~230Mhash/s at default clock, ~300Mhash/s overclocked. if i had some less expensive energy, i'd just buy some more.
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550
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Bitcoin / Bitcoin Discussion / Re: No coins generated in 708 hours, normal?
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on: December 10, 2010, 04:20:54 PM
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nothing wrong, if you are generating on a CPU only, don't expect to get any coins within a year. you can calculate an average time here, just put in your khashes/s and you'll know how long it takes for your CPU to solve a block. you can however join the mining-pool, to get at least a few coins, or cents a week or so.
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551
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Bitcoin / Mining / Re: Join a pooled bitcoin mining effort
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on: December 10, 2010, 08:18:24 AM
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Am I doing it wrong? what GPU/CPU do you use? the cuda-client is still experimental and sadly burns the CPU by ~50% (on a dual-core) and at the same time only loads the GPU to 50%. that's why i usually don't use the cpu-client on the same machine, but i just tried and it gets ~1000khash/s, like on my other machine per core too, and it doesnt really slow down the cuda-miner, it still gets it's <18M. it's more efficient though (at least on my config) to start a second cuda-client, results in 100% CPU, ~70% GPU load and a few more Mhashes (<18M single, 2x~13M 2 instances). but everything will be even more sluggish.
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553
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Bitcoin / Bitcoin Discussion / Re: can you explain me something about buy/sell bitcoin
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on: December 09, 2010, 05:47:53 PM
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if people want bitcoins and buy lots of them, price will go up, if people don't like bitcoins anymore and sell lots of them, price will go down.
that's what makes it go up and down, there's nothing else, no bitcoin-god, no big company, no government, just users.
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554
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Bitcoin / Bitcoin Discussion / Re: can you explain me something about buy/sell bitcoin
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on: December 09, 2010, 04:24:34 PM
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Because for exmaple 1 bitcoin= 1 euro, 1 bitcoin= 1 usd. i doubt this will ever happen, except the exchange rate of USD:EUR is 1:1, which is very unlikely in the next couple of months at least currently it's either Nbtc = 1eur =~ 1.3usd, OR Nbtc = 1usd =~ 0.77eur. if you wanna make profits off the USD:EUR (or other fiat currency) rates, trade on forex. and there wont be "1.000.000.000.000.000 bitcoins" ever, the network has just been able to create 4.84 million BTC so far (and some of those are already lost forever) and by the year 2130something it'll be max. 21 million.
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556
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Bitcoin / Bitcoin Discussion / Re: Bitcoin in RALLY mode
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on: December 09, 2010, 01:52:58 PM
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No one interested lots of people are interested, i guess, but it's still kinda complicated to get money into our little economy. if you'r not familiar with LR and don't know of any trusted partys to exchange your USD to LRUSD, how'd you buy bitcoins on mtgox? common paypal people don't want to go to IRC to try to find someone willing to trade PP2GOX and even if, there's still the trust-issue. we'll see what happens as soon as mtgox enables €-funding from bank accounts, at least i'm gonna add some more cash then, no idea what others do.
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559
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Bitcoin / Bitcoin Discussion / Re: Sending coins to offline address or nonexisting address
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on: December 08, 2010, 12:39:14 PM
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correct, that's how cash works, if you give all your fiat-paper-money to some random guy on the streets, your broke too, cuz you did (by mistake or not).
the only little difference is, that the random guy will be quite happy to have some more cash, with a valid but non-existant btc-address the cash is just lost in space, but i guess that doesnt matter on your side.
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560
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Bitcoin / Development & Technical Discussion / Re: Pooled/Remote Mining
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on: December 08, 2010, 11:18:31 AM
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i thought today, that 17-18M is a bit slow for my GTX260 (not to complain, it works and that's better than nothing), then i noticed, that the miner only does 50% GPU Load, so i started a 2nd instance.
good thing is, that this also works, bad thing is, that, as i mentioned before, a single instance also loads 50% of the CPU, so with 2 instances i'm at 100% CPU, which might be the cause that both instances only load the GPU up to 70%. still a little improvement, its 2x ~13M now, but also lots of 'wasted' energy on the CPU and of course a slower system.
anyway, just wanted to let you know.
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