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681
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Other / Beginners & Help / Re: bss
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on: September 18, 2011, 06:34:19 PM
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Oh... You are that guy trying to mine with a Pentium M. OK, so here's what:
You will probably never going to get a single bitcoin or even satoshi. Your CPU is too slow for the network so you will be mostly processing stale shares. You need a GPU.
A GPU is a requirement, not a recomendation.
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682
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Other / Beginners & Help / Re: bss
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on: September 18, 2011, 06:07:48 PM
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What exactly are you trying to accomplish? Mining with your CPU is pointless. You need a good graphics card
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683
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Bitcoin / Mining / Re: FPGA Miner Design for Sale to Someone willing to Market It
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on: September 18, 2011, 05:56:06 PM
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So, if you were selling these: Entry-Level board achieves 750 MH/s @ 15W for $740.
High-End board achieves 3,000 MH/s @ 60W for $2100.
I would buy one entry-level board (or maybe one high-end if it doesn't have a fan and if I get a pre-order discount  ). Note that this applies to today. If you come up with this in two months I might have a different opinion. This is a risky investment for miners too. PS: I know that I am not a big investor, but I thought I'd show my support anyway. |
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684
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Economy / Service Announcements / Re: [ANN] bitaddress.org Safe JavaScript Bitcoin address/private key [BOUNTY 0.1BTC]
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on: September 18, 2011, 02:56:53 PM
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Am I doing this right? according to bitaddress.org, the address is:12DM8vG8pytcE8Q9CBj2LQnctiRRdoZ5aZ with private key of: 5Je7CkWTzgdo1RpwjYhwnVKxQXt8EPRq17WZFtWcq5umQdsDtTP However, pywallet doesn't agree: C:\Python27>pywallet.py --info --importprivkey=5Je7CkWTzgdo1RpwjYhwnVKxQXt8EPRq1
7WZFtWcq5umQdsDtTP
'ecdsa' package is not installed, pywallet won't be able to sign/verify messages
Address (Bitcoin): 1M6dsMZUjFxjdwsyVk8nJytWcfr9tfUa9E
Privkey (Bitcoin): 5Je7CkWTzgdo1RpwjYhwnVKxQXt8EPRq17WZFtWcq5umQdsDtTP
Hexprivkey: 6c9565b3eef4ef9e01c216e1910763a5f94cf3654c059e8c67a348d10ae39c28
Same here. I tried a few addresses and all worked fine. |
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691
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Bitcoin / Mining / Re: FPGA Miner Design for Sale to Someone willing to Market It
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on: September 18, 2011, 12:29:37 AM
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Let's assume that we "magically" build a product as described in the first post and offer it for sale at a price that was maybe 2x the cost to build. What kind of market do you think there would be for such a product? Are we talking the sale of 10's, 100's or 1000's or boards? Does anyone have an opinion on that? Please include some of your reasonings, too.
Thanks in advance.
All the "serious miners" would get a few of those. I can't tell you any exact numbers, but since the current hash rate is 12.25THash I would say that we are talking of a few 100's, at the very least. But there is another problem: prices have been dropping for 3 months. It went from $20 to $4. We really need new investors in the market to keep the price from falling. If the price doesn't rise, people will not make hardware investments in mining because it won't be profitable. On the other hand, if Bitcoin survives another year, the production will be halved to 25 BTC per block. Theoretically, that would a remove a huge selling force from the market. Long term investments with Bitcoin are tricky. If you are considering putting effort and time into making this, you must understand that you are risking a lot. There are no guarantees of what will happen a year from now. PS: Take this guy for example. That investment was what? $50000? He alone would get 25 high end boards if you were selling them in June. |
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695
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Other / Beginners & Help / Re: Serial numbers
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on: September 17, 2011, 07:32:01 PM
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They do exist.
Existence is a relative concept  I'll tell you what, I will define roughly what a one dollar bill is: It's a rectangular piece of paper made of a wood pulp, cloth, silk, and linen. It has George Washington's portrait, the Federal Reserve District Seal next to it and a serial number below. There are more details, but this is correct. Now my challenge is: write me a correct and unambiguous definition of what one bitcoin is. |
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698
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Bitcoin / Bitcoin Discussion / Re: Bitcoin business cards with info?
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on: September 17, 2011, 03:27:15 PM
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My wife's shop now accepts Bitcoins and I am working on putting up signs saying "Bitcoin accepted here" with the possibility of doing a 10% discount which would get people curious about how to get 10% off.
The thing is, my wife is not tech savvy at all and does not understand Bitcoins. Is there a business card out there that can be given out with basic information on Bitcoins and an easy guide for people to understand how to get Bitcoins so that they can spend them at her shop?
That will be a challenge. For the average not so techie user, there are a lot steps between not knowing what bitcoin is and having a cell phone with a bitcoin wallet. You have to transfer money to an exchange, wait a few days, buy bitcoins, find a wallet app for your phone and learn how to send bitcoins there. And unfortunately, the 10% discount might as well vanish as the bitcoin price decreases... Maybe you should just stick to the "we accept bitcoins"? If a user goes through all this trouble because of 10% and the bitcoin price drops to $4 ( very likely to happen), he just lost 20% of his money. He will not be happy about it and he will be mad at you and at bitcoins But good luck with that. It's a great iniciative. |
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700
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Other / Beginners & Help / Re: Blocks and coins
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on: September 17, 2011, 05:13:24 AM
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Why is it only divisible to eight places, and not sixteen, or infinite?
You can't store an infinite number...  The value could be changed if needed, but it is hard coded to 8. |
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