And a couple of tasty beers while we wait  . Love the chosen name. |
|
|
|
|
Welcome onboard and best of luck with your rental tonight!
|
|
|
|
|
They're also responsible for a fork that happened because of their crap SPV mining practice.
|
|
|
|
|
You are asking people to point their mining hardware to your pool. If your pool hits a block, that coin goes into your pool's wallet. Effectively, you are responsible and holding on to 25BTC that belong to the community.
What's to stop you from taking those coins and running? It's certainly been done before (hence the reference to Nexious). You are a brand new account. People want some measure of security that you aren't going to screw them. Escrowing that 25 coins is a way to provide people with that security.
|
|
|
|
Just a heads up for you guys... A huge Denial of Service attack is currently underway tainting the celebration of the found block. It was bound to happen sooner or later since solo hadn't yet suffered one. Fortunately I don't really give a shit nor will I give into any ridiculous demands so you can point your miners at one of the backup servers until it's over.
|
|
|
|
I was rooting for you! Too bad your rental didn't hit. Your shares are, however, safe and will be paid when the pool hits  |
|
|
|
|
Yet, you expect the community as a whole to trust you with 25 of their coins?
|
|
|
|
Ahh.. 100+.. Didn't know that. Thanks for the enlightenment.
That's for virgin coins - i.e. the ones you get from the coinbase transaction of a found block. if you're using the standard Bitcoin Core wallet, you'll see those coins show up as "Immature". |
|
|
|
Pool is unreachable for me, all of my miners failed over to the backup pool (Kano's).
what's Kano's pool details? Kano's pool: http://kano.isHis pool is not a solo mining pool. |
|
|
|
|
LOL... that's what they get for having the holiday party in the server room!
|
|
|
|
Jonny's Holiday Promotion!Hey everyone! In the spirit of the holidays, I'm going to run a promotion. I am going to give the block finder 1 BTC from my own pocket. No, I'm not kidding. Yes, I really do have the coin. In fact, you can see for yourself: https://blockchain.info/address/1Q9FLjh1Sd7Vw8oo54SvaMb1w3ZuEkSBAeObviously, I'm excluding myself from this promotion... if I happen to find a block, then it will be the next block finder who gets the coin. So, how do you enter? Simple - point some hash to my pool. It doesn't matter if you use your own hardware or rent it. Everyone is welcome. This contest will run from now until 23:59:59 EST 12/31/2015. Good luck to everyone!
|
|
|
|
As both Phil and Danny have stated, you're pretty much borderline with that power cost. Also, keep in mind that 2016 will see the block reward go from 25 coins per block to 12.5 coins per block. Nobody can predict what will happen to the price or difficulty; however, that halving is a definite. While the sale of gear certainly needs to be factored into things, there is no straight up timeline that can be given on when to do so. There are too many factors that come into play, and each of them would have an impact on your decision to replace the older gear. Hope you've been able to get some good information here and welcome to the world of Bitcoin |
|
|
|
Um... no, the blockchain most certainly does not compensate you. It also doesn't care that a dusty old S1 is too power hungry to be turning a profit. The blockchain is nothing more than a distributed ledger that records transactions, which are grouped into blocks and verified by proof of work.
Producing oil is still profitable for some, even at these low prices. Is oil a cruel bitch because now all the expensive shale oil operations incur daily losses at these prices? No! The market compensates the low-cost producers, in economics this is called competition. If you find oil should you go dig for it with a shovel and a soda straw? No! Your old S1 is a shovel. The S7s and 16nm tech are the low-cost producers today and it's they who get compensated. The blockchain is a ledger yes, but the validation of this ledger by mining is compensated with the block reward. So it compensates *somebody*, but it may not be you. I'm well aware of the concept of competition . All I'm doing is correcting your terminology. The blockchain DOES NOT compensate you, me or anybody else regardless if I've got an S7 or my CPU mining. It is a distributed public ledger that records the transactions, including the generation of the block rewards. There are two things that provide me compensation as a miner: the block reward for the generation of the new block, which by the way is only going to happen until 21,000,000 total BTC have been created, and fees associated to the transactions that were included in that block. |
|
|
|
|
That list is pretty up to date, too. For example, my pool's been around for less than a month and it's on the list. I used that list when I wrote some of my own blockchain data mining code. It came in quite handy.
|
|
|
|
|
Hi Jay, and welcome onboard!
|
|
|
|
May the force be with you. |
|
|
|
|
LOL... figured I'd just throw the summary out there since chances are about zero OP will ever return, or was even serious about the request when posted.
|
|
|
|
My inbox is exploding with reports. I'm getting hundreds each day.
How many of them are mine? Not bothering with it anymore though, unless its morning when you have to "remind" the patrollers. @OP this has been discussed more than 6 times by now, one exampleYeah... I actually posted it in the Mining section... and created even more work for -ck because he had to move it over here. Sorry Con! |
|
|
|
|
My consulting fees start at 0.75BTC per hour and go up from there. I have a non-refundable deposit of 5BTC for a retainer. As soon as your coin hits my wallet and confirms, I'll start providing you with services. My wallet address is 1DevLdogN52pHdjZnsgi4HzreFDB4ZHVre.
|
|
|
|
The past few days I've seen a ton of bogus posts from brand new users that are just basically random words thrown together. What gives? I've seen this on other forums before, but never here... At least my "report to moderator" finger has been getting a workout  |
|
|
|
|
Show Posts
