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1981  Bitcoin / Pools / Re: Help me pick a pool on: July 13, 2013, 02:32:41 AM
BTCguild pool speed says 46GH. Eclipse pool speed says 10TH. Doesnt more hashing power mean more blocks found and more BTC paid?

On average.... variance is very wide for "solo mining", even with 46 GH.
1982  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 13, 2013, 02:31:07 AM
why the heck are all big movements happening when I'm heading to bed or already sleeping  Shocked Cheesy
1) Conspiracy

It's this one.  I watch you seleme.
1983  Economy / Economics / Re: Bitcoin - we have a problem. on: July 13, 2013, 02:28:26 AM
For the Layman:
http://p2pool.hostv.pl/

Pick one, point your miner at it, done.

I don't see how that is any different to using a mining pool?

I thought the point of the p2pool is that every miner runs a p2p node?


Because every one of those nodes connects you to the same pool.  You can't have it both ways.  Either you use someone else's node, or you get your hands dirty and run your own.
1984  Economy / Economics / Re: Bitcoin - we have a problem. on: July 13, 2013, 02:16:05 AM
For the Layman:
http://p2pool.hostv.pl/

Pick one, point your miner at it, done.

Shares always have to payout to the current payout list to be valid on p2pool.  The software does send it to bitcoind if it is a valid block to make sure it is broadcast as soon as possible.  There is no way to change the way the payout is done.  If you change that, you have to start the proof of work all over again.

As for high variance, pooling hashpower to a single p2pool address is possible.  In fact, I ran such a pool for a couple of weeks.  Instead of needing to find a block on its own, my pool paid out whenever p2pool found a block.  I may revive it at some point, but there was almost no demand when I tried it.

The issue is when you search to see if they work the first results say they don't

Because people who don't know what they are talking about keep repeating it.  Soon the hardfork will take place, and p2pool will be compatible with all ASICs.  Now is the time to break this meme.

Quote
I also don't understand why so many people on this forum immediately attack each other - anyone that is not involved in Bitcoins is going to be reluctant to join or even post due to all the demeaning comments that are fired at you when you misunderstand something - which would will be the majority of new users.

You guys need to be more patient and just explain why something may be incorrect.

Maybe it is because people talk with confidence about things they don't full understand.  This leaves the uneducated with false belief, which they continue to repeat.  When you hear the same lie repeated 50 times because everybody takes hearsay as fact, it gets annoying.
1985  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 13, 2013, 02:08:29 AM
Anyone else buying when 94 gets broken?

your better off buying now there's no question 94 will be broken


anyone else selling once 180 is reached Cool

I'll sell a few at $180.
1986  Economy / Securities / Re: ASICMINER Speculation Thread on: July 12, 2013, 11:46:06 PM
Yeah, very very roughly there is a factor of, say, at least 5 or 10 between demand from China and what we can expect in the entire world alltogether. Obviously assuming sales are open very soon so pricing will be similar. I hope the volumes will be large enough to fulfill this... Good time for shareholders soon!
I'm on board with that ratio, although more towards the upper end. Note that the sale will lead to a fraction of the profits that previously generated due to the price cut. On the other hand for this week, we're currently clearly outpacing last week's mining. I wonder how the USBs are doing.

The 61 running here are doing quite nicely.  Thanks for asking!
1987  Bitcoin / Bitcoin Discussion / Re: Encrypted wallet was stolen 199.50BTC on: July 12, 2013, 11:43:49 PM
1. Look around you.  Who knew about the btc and might be able to guess your password (or install a keylogger).
2. Look for virus/malware.  Encrypting your wallet only helps until you type your password once.
3. If this isn't a local wallet on your computer, look closely at whoever was storing them for you.  If this is the case, there is likely nothing you can do other than to be more careful with your money next time.
1988  Bitcoin / Hardware / Re: bad Block Erupter? on: July 12, 2013, 11:35:17 PM
So, when it's running properly the green LED is off except for when sending a burst of data.

Right.  It flashes when it finds a share and when it is sent new work.  Otherwise, it should be off.
1989  Bitcoin / Bitcoin Discussion / Re: U.S. bank closing all of my deposit accounts because of bitcoins on: July 12, 2013, 11:32:23 PM
I think the war on Bitcoins is only just starting, its a direct threat against BANKS. The only Bank that will support this is the "ANTI-BANKs" IE Credit Unions

I think banks make most of their money by giving out loans. Transaction fees probably don't count for that much. It's things like PayPal and credit card companies that can very easily become obsolete.

Not exactly... check out this article:

http://www.forbes.com/sites/halahtouryalai/2012/03/01/no-surprise-here-bank-of-america-looks-to-charge-more-fees/

Quote
The fees mentioned in todays Journal story are related to basic checking accounts; $6 to $9 a month for an “Essentials” account while other account options being tested in some states carry monthly charges of $9, $12, $15 and $25, the Journal reports. Customers can avoid the fees by maintaining minimum balances, using a credit card or taking a mortgage with Bank of America.

This shouldn’t come as shocking news to anyone paying attention to the banking industry recently which is struggling with flat or decreased revenue numbers. As a result,  many of them are looking for new ways to make money.

Yep.... it's hard to make money on loans when the base rates are below 0.25% per year.
1990  Bitcoin / Hardware / Re: bad Block Erupter? on: July 12, 2013, 11:26:50 PM
Okay, with the B.E. tucked into the air conditioner outlet and the RPi on top of the AC and the net a nearby switch for my WDTV, it's running:


Code:
cgminer version 3.3.1 - Started: [1969-12-31 19:00:26]
--------------------------------------------------------------------------------
 (5s):133.4M (avg):138.3Mh/s | DA:4  DR:0  HW:0  WU:2.0/m
 ST: 2  SS: 0  NB: 1  LW: 14  GF: 0  RF: 0
 Connected to xxxxxxxxxxxxx diff 1 with stratum as user xxxxxxxxx
 Block: 00966e42400b20a1...  Diff:26.2M  Started: [19:00:26]  Best share: 10
--------------------------------------------------------------------------------
 [P]ool management [S]ettings [D]isplay options [Q]uit
 AMU 0:                | 300.9M/279.5Mh/s | DA:4 DR:0 HW:0 WU:4.03/m
--------------------------------------------------------------------------------
 [1969-12-31 19:00:25] Loaded configuration file /opt/minepeon/etc/miner.conf
 [1969-12-31 19:00:25] Loaded configuration file /opt/minepeon/etc/miner.conf
 [1969-12-31 19:00:25] No devices detected!
 [1969-12-31 19:00:25] Waiting for USB hotplug devices or press q to quit
 [1969-12-31 19:00:25] Probing for an alive pool
 [1969-12-31 19:00:26] Switching to pool 2 xxxxxxxxxxx- first alive pool
 [1969-12-31 19:00:26] Pool 1 http://xxxxxxxxxxxxx:3333 alive
 [1969-12-31 19:00:26] Switching to pool 1 http://xxxxxxxxxxxxxxxxxx:3333
 [1969-12-31 19:00:26] Pool 0 http://api-stratum.bitcoin.cz:3333 alive
 [1969-12-31 19:00:26] Switching to pool 0 http://xxxxxxxxxxxxxxx3333
 [1969-12-31 19:00:26] Network diff set to 26.2M
 [1969-12-31 19:00:31] API running in IP access mode on port 4028 (12)
 [1969-12-31 19:02:08] Accepted 1895e4cb Diff 10/1 AMU 0 pool 0
 [1969-12-31 19:02:15] Accepted 195fa067 Diff 10/1 AMU 0 pool 0
 [1969-12-31 19:02:15] Accepted fe3f5bb0 Diff 1/1 AMU 0 pool 0
 [1969-12-31 19:02:16] Accepted 1b280425 Diff 9/1 AMU 0 pool 0

FTFY
1991  Economy / Speculation / Re: Goomboo's Journal on: July 12, 2013, 11:25:35 PM
So..  Could we see a Goomboo's Bot in the future?   Or see you team up with an existing Bot maker to make that Bot even better?Huh??

Now that would be Interesting..


I don't use any algorithms to trade in the BTC market.  I haven't looked into any of the said bots and know nothing about them.   Personally, I am not comfortable trusting my hard-earned money to an algorithm I didn't program.


Thank you for the questions and I wish you the best in your trading.

Goomboo bots exist... search this thread.  Or, if you can code, it would be dead simple to write.  If you can't code I personally wouldn't recommend you run a bot, but I'm biased.  I hate to use code I can't read and understand, particularly when it involves my money.
1992  Economy / Economics / Re: Winkelvoss ETP could become THE pricing mechanism for BTC on: July 12, 2013, 11:23:26 PM
They could only suppress the price until the fund ran out of BTC to sell on the spot market.  The fund would settle for fiat a the bottom and then BTC would revaluate higher.
Or the opposite of this.

The fund Trustee has some discretion, it is not required to sell anything on the spot market, or it might sell for other reasons than sale of shares....  



But regardless, this funds ability to cause the actual bitcoin spot price to fall is limited by the bitcoins it has to sell.

No.   It isn't
Bitcoins may be collateralized by the fund, or by its participants.  So it depends on what you consider to be the source of the spot price. 
The thread postulated that the ETF could itself become the pricing mechanism rather than the exchange.

Sure... if the ETF became the pricing mechanism.  But as other have pointed out, bitcoin already has a widely established spot market and large holders are unlikely to give up the freedom of coin possession for more risk plus a fee.
1993  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 12, 2013, 11:13:13 PM
it happened to me once, haven't slept during a crash.. went from one mistake to other after nice initial gain.

The worst is when you sit up all night as long as you can waiting for something that doesn't come ... I hate it when that happens ! Feel like crap the next day, and the action normally happens then lol

I really hate trading sometimes ... in fact a lot of the time. Win or lose, it's pretty soulless and a big distraction from 'real life'

I've never lost any BTC holdin like a mofo. You guys should try it, way lower stress.
That sounds extremely stressful. No thanks. I'll buy and hold when we start running up a new bubble.

facepalm..... buy when we start a new bubble.....


That's when you should start to think about selling a few every X%.
1994  Economy / Economics / Re: Bitcoin - we have a problem. on: July 12, 2013, 11:08:13 PM
The issue with p2ppool is ASIC miners will not work on them

https://bitcointalk.org/index.php?topic=90658.0

Please stop spreading this lie.  The issue with p2pool is people who might try it are actively discouraged by uninformed people like you. ASICMINER hw works, BFL hw works, and soon Avalon hw will work.

https://bitcointalk.org/index.php?topic=153232.0:
Hardware latencies

ASICMINER Block Erupter blades: they seem to work correctly according to this post

Avalon: I've ordered one in batch 2 but don't have any experience with it yet... There have been various informations floating around but no definite conclusion. Here is what is reported to influence how Avalon and P2Pool behave, you may want to try different combinations of these suggestions:
  • Test different versions of the Avalon firmware, beginning with the latest one.
  • Avalons apparently have a limitation with stratum that a new branch of p2pool tries to circumvent: you may want to try this branch
  • try to use cgminer's "--fix-protocol" to avoid Stratum
  • contact the p2pool devs on the #p2pool IRC channel to report feedback (and maybe get some tips)
  • force a high difficulty for the shares submitted by Avalon by adding +n at the end of the username used to connect to P2Pool (try n=16, 32, 64, ...)
Please report your experience (hashrate, DOA and orphan percentages and efficiency) if you can. Current reports are incomplete and seem to indicate that Avalons don't reach 100% of their mining efficiency on P2Pool.

BFL: if you have a BFL Single, an early FPGA MiniRig (cgminer has a parameter for later ones to fix them, check its documentation) don't waste their hashrate on P2Pool, they have huge latencies and can't perform well on P2Pool. Put them on a traditional pool.  If you have a BFL SC (ASIC), ckolivas and kano reported the same problem, see ckolivas post. At least two users reported around 100% efficiency: here and here. You might want to test it for yourself for at least 24h and report your results here (please include the details from cgminer's API if possible).

Additionally, with the upcoming hardfork (code released, waiting on 95% of hashpower to upgrade), p2pool should work reasonably well for all ASICs (including Avalon), and optimally for most.  Even without the hardfork, I'm mining away with 61 AM USBs with 111% efficiency.
1995  Economy / Economics / Re: Winkelvoss ETP could become THE pricing mechanism for BTC on: July 12, 2013, 11:00:17 PM
They could only suppress the price until the fund ran out of BTC to sell on the spot market.  The fund would settle for fiat a the bottom and then BTC would revaluate higher.
Or the opposite of this.

The fund Trustee has some discretion, it is not required to sell anything on the spot market, or it might sell for other reasons than sale of shares....  



But regardless, this funds ability to cause the actual bitcoin spot price to fall is limited by the bitcoins it has to sell.
1996  Economy / Economics / Re: Winkelvoss ETP could become THE pricing mechanism for BTC on: July 12, 2013, 10:59:45 PM
I don't quite understand how this is any different from the "paper games" being played with gold and silver in order to suppress them. So could this ETF be the instrument the enemies of bitcoin could use to suppress its price or not? I still can't answer this question even with this detailed info you guys here are distilling from the document.
TL;DR?   Yes


It isn't much different to the gold and silver paper games except in respect to time-frame.  Gold and silver ETFs in large part did become the primary mechanism for price discovery.  In part that is an artifact of how gold pricing was previously set (using a very old and non-transparent method of five bankers in London deciding what it was).  That was easily replaced by the real-time pricing of ETFs.  Bitcoin already has that real-time pricing though, so it may likely not follow the same path...

But to put out an answer...

If Bitcoin has enemies, and if they wanted to suppress the price, (or introduce volatility) and if these enemies have enough fiat, and if such an ETF becomes the primary mechanism for price discovery then... yes.
These same games could supposedly be played out on current BTC exchanges?

So what is the difference?

With an ETF, some brokers would allow clients to short sell with USD collateral.  Currently, you can only do this if someone is willing to lend you BTC.
If the problem is that people will be able to do what they can with any other currency, then that is not a problem.

I never said there was a problem.  You asked what the difference was and I explained it.
1997  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 12, 2013, 10:55:11 PM
it happened to me once, haven't slept during a crash.. went from one mistake to other after nice initial gain.

The worst is when you sit up all night as long as you can waiting for something that doesn't come ... I hate it when that happens ! Feel like crap the next day, and the action normally happens then lol

I really hate trading sometimes ... in fact a lot of the time. Win or lose, it's pretty soulless and a big distraction from 'real life'

I've never lost any BTC holdin like a mofo. You guys should try it, way lower stress.

+21,000,000
1998  Economy / Economics / Re: Winkelvoss ETP could become THE pricing mechanism for BTC on: July 12, 2013, 10:08:09 PM
I don't quite understand how this is any different from the "paper games" being played with gold and silver in order to suppress them. So could this ETF be the instrument the enemies of bitcoin could use to suppress its price or not? I still can't answer this question even with this detailed info you guys here are distilling from the document.
TL;DR?   Yes


It isn't much different to the gold and silver paper games except in respect to time-frame.  Gold and silver ETFs in large part did become the primary mechanism for price discovery.  In part that is an artifact of how gold pricing was previously set (using a very old and non-transparent method of five bankers in London deciding what it was).  That was easily replaced by the real-time pricing of ETFs.  Bitcoin already has that real-time pricing though, so it may likely not follow the same path...

But to put out an answer...

If Bitcoin has enemies, and if they wanted to suppress the price, (or introduce volatility) and if these enemies have enough fiat, and if such an ETF becomes the primary mechanism for price discovery then... yes.
These same games could supposedly be played out on current BTC exchanges?

So what is the difference?

With an ETF, some brokers would allow clients to short sell with USD collateral.  Currently, you can only do this if someone is willing to lend you BTC.
1999  Bitcoin / Hardware / Re: bad Block Erupter? on: July 12, 2013, 10:03:56 PM
Well, the other day I had replaced caps in a supply for an old Dell Inspiron 5150.  Power hungry laptop but fast.  I just gave the hub and B.E a try on that and no connections difficulties and correctly identified.  I'll have to fight with it to install mining software tho.  --nope, just looked back and now there's connect-debounce port error messages.  Perhaps after the B.E. warmed up?

Tried it again.  First I put the B.E. at the output of my air conditioning for a minute until it was well cooled.  Then reinserted into the hub.  All was well for just about 60 seconds then the 'device descriptor read/64, read -32' messages appeared, then the 'unable to enumerate device' messages started.  Next to find out if it's the hub or the B.E. that changes.

With an air conditioner that looks like a Dr. Who darlek and the B.E. on a USB cable, the B.E. inserted into the AC output, the hub some distance, there are no error messages after 5 minutes.  Will now remove the B.E. from the AC and insert the hub.  Sixty-four seconds later the error messages started.  So, the problem starts after the B.E. heats.
The CP2101 gets hotest, in the neighborhood of 250°F according to my IR meter.  Don't want to give up until after I test it on a USB3.0 hub however and its tracking number isn't registering on the USPO tracking yet.

USPS tracking sucks... half the time the package shows up before the tracking acknowledges they've even received it.  That is pretty hot though.  I wonder if maybe it's not fully seated so the heat isn't being wicked away.  Even with no airflow, I can put my finger on that chip for 2 or 3 seconds before it gets uncomfortable, so mine isn't anywhere near that hot.  One of these days I'm going to learn why I need an IR meter instead of using my fingers Tongue.
2000  Economy / Economics / Re: Winkelvoss ETP could become THE pricing mechanism for BTC on: July 12, 2013, 10:00:41 PM
I don't quite understand how this is any different from the "paper games" being played with gold and silver in order to suppress them. So could this ETF be the instrument the enemies of bitcoin could use to suppress its price or not? I still can't answer this question even with this detailed info you guys here are distilling from the document.
TL;DR?   Yes


It isn't much different to the gold and silver paper games except in respect to time-frame.  Gold and silver ETFs in large part did become the primary mechanism for price discovery.  In part that is an artifact of how gold pricing was previously set (using a very old and non-transparent method of five bankers in London deciding what it was).  That was easily replaced by the real-time pricing of ETFs.  Bitcoin already has that real-time pricing though, so it may likely not follow the same path...

But to put out an answer...

If Bitcoin has enemies, and if they wanted to suppress the price, (or introduce volatility) and if these enemies have enough fiat, and if such an ETF becomes the primary mechanism for price discovery then... yes.

They could only suppress the price until the fund ran out of BTC to sell on the spot market.  The fund would settle for fiat a the bottom and then BTC would revaluate higher.
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