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81  Economy / Economics / MtGox economics - Am I right? on: August 11, 2011, 08:52:18 PM
I just noticed something ... thought it would be an interesting topic to point out.

Looking at http://bitcoincharts.com/markets/ , in a 30 days period, looks like MTGOX had a USD13355001.63 in transactions. Yes, that's USD13 million. Now, I'm a poor guy, so to me, that's ALOT!!!

MtGox charges 0.65% for each trade. MtGox is making USD 13.355 million * 0.65% = USD86807.51 / month or roughly USD1 million / year?
82  Other / Beginners & Help / Re: A newbie question on mining, posting, gpus etc. on: August 05, 2011, 02:59:33 PM
Also, I've posted several times and this group is the only one I can post in. How do I enable being able to post in other discussions?

https://bitcointalk.org/index.php?topic=15958.0
Quote
You are considered "established" if you have spent 4 hours online and have made 5 posts.

83  Other / Beginners & Help / Re: Why miners are gonna be the richest folks on the planet on: August 05, 2011, 02:49:13 PM
still waiting for the day ...
84  Other / Beginners & Help / Re: Mined my first coin! on: July 29, 2011, 02:05:36 PM
talk about total trust in btc's future.
85  Other / Beginners & Help / Re: 35.5Mh/S w/Nvidia fermi 450 GTS on: July 29, 2011, 02:01:49 PM
I'm not sure, but I think some of those flags are for ATI/AMD video cards and not applicable for NVIDIA video cards.
86  Other / Beginners & Help / Re: Quickest, easiest, prefferably non-paypal way to buy some coins? on: July 22, 2011, 09:09:35 PM
The famous trading places are:
mtgox.com
tradehill.com
87  Other / Beginners & Help / Re: Bitcoin Mining Rig hidden in drop ceiling of office on: July 20, 2011, 08:04:15 PM
This is awesome ... I love it !!  Cheesy
88  Other / Beginners & Help / Re: Not cool guys.... on: July 18, 2011, 01:43:54 PM
I wonder how many bitcoins the founders/early members set aside for themselves because bitcoins were essentially free back then. When you are the only node in the network you control the difficulty.

I'm guessing alot if I understood this correctly
http://blockexplorer.com/ Largest transactions : Amount column : 33000 ++ transactions.

People are transferring 33000++ btc whilst I'm transferring pathetic 1-2 from pools. lol ...
89  Other / Beginners & Help / Re: Organized campaign to discredit / destroy BTC? on: July 18, 2011, 01:36:10 PM
I'm not at all surprise if that was true. And I would say, so far the organized campaign has been successful. Just look at BTC prices ... it's pretty unattractive these days.
90  Other / Beginners & Help / Re: Pyramid on: July 18, 2011, 03:55:44 AM
Be careful with scams on the newbies. No one is that nice to give you 1.7 times bitcoin for no reason. There has been a lot of scam websites that mushroom that are only around for a couple of days or even just a day.
91  Bitcoin / Bitcoin Technical Support / Re: 0.01 transaction fee required for 0.38 BT transactoin? on: July 10, 2011, 02:35:38 AM
What?  Huh
I just came across this thread ... there's a fee for transferring btc out? How about from mining pool to my account? I haven't paid much attention so far because I wasn't getting much to begin with; and there's a fee?

And why and how a different bitcoin client determines the fee?

So does that mean I should keep my btc in my pool until it's really high to minimize the fees? I don't trust any pools; so I have been transferring btc out once it's confirmed. Should I stop doing that?
92  Bitcoin / Bitcoin Technical Support / Failover? on: July 09, 2011, 05:13:59 AM
Hi all

I'm not trying to pool hopping; but, the pool I am right now disconnects me from time to time and cannot reconnect (for some reason). And I could be sleeping or at work and not able to change pools. Like last night, I only receive 400+ shares when I could be getting 2000++ shares.  So, all that time, I was just wasting my electricity for nothing in return.

So I was wondering if there's any way to do a failover ... say pool 1 disconnects me and never got connected for 10 secs or so, I can failover to pool 2. Can anyone show me how? I am running phoenix 1.50.

Thanks!
93  Other / Beginners & Help / Re: Cannot get mining to work (at all) help? on: July 06, 2011, 04:05:10 PM
I'm not an expert; but, let me try ...

Bitcoin 0.3.21 is used to download blocks. Someone can send you some bitcoins, and it'll be in a certain block, you'll have to download to that block to receive the bitcoin. You can find the current block number at http://blockexplorer.com/q/getblockcount (currently at 135047). For a test run of how this works, you can try to get some free bitcoins (courtesy of the community) at http://freebitcoins.appspot.com/

As for mining, when you mine in pools, you are getting shares of a block. Given the current difficulty rate (and it keeps increasing), the block is getting harder to solve. So naturally, it's not a big surprise if you haven't solved a block. 3 MH/s is very little and I would advise you to not even waste your electricity (the return is just not profitable enough to cover the cost of your electricity). You can calculate it at http://www.alloscomp.com/bitcoin/calculator.php

And Nvidia video cards aren't the best choices for mining. If you look at https://en.bitcoin.it/wiki/Mining_hardware_comparison you'll see ATI cards are mining at 300-400 MH/s; I am running 1 6970 overclock (which gets me about 360 MH / s) card and I'm getting probably ~ 0.05 btc / night if I just run them at night (if I remember correctly). So you see ... 3 MH/s is really nothing.

I have never solo mine; but considering your speed, you probably shouldn't even bothered with that.
94  Bitcoin / Bitcoin Technical Support / Re: How would I check the balance of an address not in my wallet? on: July 05, 2011, 04:15:13 PM
I hope this is not hijacking this thread. On a related subject matter, after we change address of the wallet, can we still get the btc going to the previous addresses?
95  Other / Beginners & Help / Re: BTC Guild being DDos'd ? on: July 05, 2011, 04:06:22 PM
Ran my miner just to btcguild and that was a mistake. Wasted resources - electricity, system wear and tear for 0 btc last night. aarrgghhh ... darn DDOS'n
96  Bitcoin / Bitcoin Technical Support / Re: Help on configuring ATI video card? on: July 04, 2011, 02:23:26 AM
I can't find MSI Afterburner for Ubuntu. It seems like it's just for Windows system.

Can you please elaborate on the CCC and other abbreviations? Is it just in the MSI Afterburner? If so, do you have any alternative suggestions to do all that for Ubuntu 10.10 system?
97  Other / Beginners & Help / Re: Paying TOP DOLLAR for BTC--$18 per BTC, WTB 20 BTC (PayPal, Dwolla, money order) on: July 03, 2011, 04:13:16 AM
https://www.get-bitcoin.com/

or http://forum.bitcoin.org/index.php?topic=25528.0
98  Bitcoin / Bitcoin Technical Support / Help on configuring ATI video card? on: July 03, 2011, 04:07:02 AM
Just wondering if anyone can point me towards configuring my ATI 6970 video card? Any documentation with regards to clocking and controlling fan speed and reducing the temperature would be great.

Thanks.
99  Other / Beginners & Help / Re: Why Bitcoin Fails as Currency of the Future on: July 03, 2011, 04:01:55 AM
I don't know what's there to debate / argue about. If you believe in the future of BTC, then by all means join in and get some. If you don't believe in the future of BTC, then no one is pointing a gun to your head to accept it.

I think all of us here are matured people with an able and sound minds to make up our own decision about BTC. If we want to go into mining BTC or even exchange the current USD / GBP / EUR for BTC; then who's to stop them? No one can tell the future. And if in the near future, BTC were to crash and burn, everyone involved get burnt with however much he / she has put in; then so be it. That's the risk for willing to try new things. On the other hand, if BTC takes off in the future, then all of us ( or some of us) will benefit from it. And That's the reward for willing to try new things.

I really don't see the need to debate / argue about it now. The future is what it is ... have fun, learn things, try new things. Frankly, I'm in it fully aware of the potential of losing everything I have put in ... but even if BTC goes to nothing; I have enjoyed the ride and I wouldn't have any regrets.
100  Other / Beginners & Help / Re: I can double your BTC - Proof! on: July 03, 2011, 03:24:46 AM
Another one of these http://forum.bitcoin.org/index.php?topic=23704

LOL ... back for seconds??
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