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1981  Bitcoin / Hardware / Re: Hubs for Block Erupter USB AsicMiner on: July 16, 2013, 07:57:55 PM

That one on Amazon looks like it is only 9 functional ports and one charging port.

Interesting.  I received one of these from Amazon two weeks ago.  Same box but advertised 10 ports.  I had 9 miners and a fan in it.  It worked fine.  Now wondering if it's only a 9 port.  I don't have the miners now so I'll have to wait to test it.  But it looks exactly the same as this box and was advertised as 10 port.
Oh... it worked fine with the 9 I had in there.

The fan would work in the charging port.  Assuming you put the fan on an end, you had a 50/50 shot of setting it up that way.  I could very well be wrong, but the 13 port hub I have with a charging port does not connect the charging port to the host.

That's probably enough about the OP's competitor though Tongue.
1982  Economy / Service Discussion / Re: 0.25 BTC Bounty - Show me a Mt Gox USD Withdrawal :) on: July 16, 2013, 07:55:25 PM
Again: Put your money where your mouth is. Everything else is useless chatter.

+1

BTW, I have some funds sitting on MtGox, so my money is precisely where my mouth is.
1983  Economy / Economics / Re: Lower Transaction Fees = Liquidity on: July 16, 2013, 07:49:40 PM
Well no the lowest fee is 0 BTC (for high priority transactions).  Only low priority transaction have a mandatory fee as a denial of service prevention mechanism.  All tx fee (both mandatory or optional) go to miners.

Excuse my sounding like a newb, but this escaped me. What are low/high priority tx?

It is calculated by a combination of transaction size, transaction value, and input age.  Smaller size transactions with old coins will be high priority.  Larger size transactions with new coins will be low priority and will require a fee.  Larger value increases the priority.

https://en.bitcoin.it/wiki/Transaction_fees#Technical_info
Quote
priority = sum(input_value_in_base_units * input_age)/size_in_bytes
1984  Economy / Service Discussion / Re: 0.25 BTC Bounty - Show me a Mt Gox USD Withdrawal :) on: July 16, 2013, 07:48:02 PM
They are sending withdraws, they are just backlogged.  They are able to fulfill withdrawal requests, it will just take time.

And yet this very thread is about a total of 0.75 BTC unclaimed bounty vs showing a successful withdrawal.
You'd think someone would come up try and claim that money.

(sorry for condescending tone)

Right... a bounty for a withdrawal started less than 8 business days ago when MtGox said it would take several weeks to get caught on on the queue before they can deal with new requests.

(sorry for throwing reasonableness in your face)

Quoting for posterity.

Thank you.  And please call me all kinds of nasty names if this isn't all cleared up in 1 - 1.5 months.
1985  Bitcoin / Hardware / Re: Hubs for Block Erupter USB AsicMiner on: July 16, 2013, 07:46:06 PM
The two things you really want to know:

Is it limited to 5A out or does it add an extra .5A it takes from the downstream? If not, 10 erupters will be dicey.

Is it monolithic or chained? If it's chained, many of the ports won't work on an rPi.


I plan on a full  test and I will send it to Canary to also test to make sure it will work properly.  

The power supply is 12V at 5 amps = 60 watts. @ 2.5 watts per USB miner = Power enough for 24 USB miners.




I think if you open it up you will find a 12VDC-5VDC step down inside that will give you 5V x 5A = 25VA which is enough for 10 USB miners   Wink

cheers,
kev

Not that it matters since it only has 10 ports, but the original figure of 24 miners is closer to correct.  Watts are volt-amps.  When you step down the voltage, the amps increase and watts stay constant.  There will be some loss in the conversion, so it might be able to only handle 23 miners (not counting the 0.9A@12 V on the USB cable).  But like I said, it doesn't matter since there are only 10 ports.

Now if you could make a 20 port hub with the same power system, that would be awesome.  You will have much less competition than you will have with this 10 port hub.
1986  Bitcoin / Hardware / Re: Anker 10 port hub, changed??? on: July 16, 2013, 07:41:08 PM
Look at the 10-port Apple style one (it's in the "size" selection on the same page as other product). Seems to be more what you're describing. (is $57.99 instead of $49.99 though)

(ETA: only 20 "Apple style" ones in-stock, though...!)

"connected devices should not exceed a combined current of 7A." (note isn't made on the 9+1 hub, though that doesn't necessarily mean the limitation doesn't exist on the 9 non-charging ports)

USB3 hubs should provide 900mA per design. For 10 ports that not even with a 5A psu possible even with the power given by the usb-port the hub is connected to. They probably think that no one will max out the power.
so how many OC'ed Klondike 1s can run in one of these?  Grin
it does handle 10 ASICMiner USBs just fine.

How many amps does a Klondike use and at what voltage?

AM USBs are 500ma@5V = 2.5W.... this hub is 5A@12V = 60W.  If the Klondike is a USB 1 or USB 2 device it must be under 2.5W.  If it is a USB3 device, it will be under 0.9A@12V = 10.8W
1987  Bitcoin / Hardware / Re: Hubs for Block Erupter USB AsicMiner on: July 16, 2013, 07:34:18 PM

That one on Amazon looks like it is only 9 functional ports and one charging port.
1988  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 16, 2013, 07:33:01 PM

Price isn't driven by miners, but by traders and commodity speculation as has been amply demonstrated elsewhere.


This.

It's obvious that price is not driven by difficulty, but inflation does have an impact on price - at this stage inflation in BTC its non negligible, and its in fact built into the system to pay for the work and costs of mining during the early days of Bitcoin. Thus, looking at growing difficulty and expecting growing price is a fallacy (in fact its the other way around) - but nevertheless Bitcoin is currently inflating at a 12.5% yearly rate, and what miners do with those newly minted coints has inevitably an impact on price.

I believe that there will be lots of newly minted coins hitting the exchanges in late 2013, will just wait and see.

EDIT: in fewer words, wether miners decide to speculate (holding) or to pay for their fiat costs (selling the coins for good) has inevitably an immediate impact on price.

this is like concentrating on only one of your girlfriends butt cheaks, you know very well what the counter argument is.

Inflation rate of 12.5%, how is that even a point?

That's the fifth year in Bitcoin Survival= even if we assume linear and not exponential spread in bitcoin awareness, that's 20% more people using and storing value in BTC.

-7.5%

I love this bears latching onto a miners value case- they attribute psychological values wherever they please... when the price rose it was because everyone wanted to buy btc to buy asicminers, but asicminer wasn't selling his btc, even though 'asicminer is running it as a business' like they like to say whenever it suits them. suddenly asicminer and all the miners want to sell all their coins and only if the price dips, which is when they panic and drive the price further.

What about last year, when inflation rate was 25%, how come the price went up 1000%... and the year before when it was 40%, why did it go up 1000%? frankly if miners drive price I'm surprised it isn't at -0.1 cent

He didn't say difficulty drives price, he said it has a non negligible influence.  Your numbers seem to support that.  That said, I agree that counting on miners to sell out is a horrible assumption.
1989  Economy / Economics / Re: Winkelvoss ETP could become THE pricing mechanism for BTC on: July 16, 2013, 07:29:34 PM

My understanding was never amiss on this, though I've been quoted out of context in order to make it appear that it was.
(I did maintain the "20% backing" descriptor as used by molecular without correcting it on first use to keep the response in context.)  I agree it would have been a good point to work out definitions of what "backing" means, because it looks to have led to some confusion by others further in the thread, though it seemed to be getting off the point at the time, as it does now as well.  
I trust this is better understood by everyone now?  The huge difference between 100% backing by .2 Bitcoin and 20% backing by one share which merits all this recrimination?

This is why I don't get into arguments over details with these shitbags. If they want to buy "shares" of bitcoins when its easier to just buy the actual thing, I'd rather just call them out for how stupid the general concept is.

Not everybody has the same technical skills, motivations, and ideology as you.  That doesn't make them shitbags or stupid.

And no, I won't be selling my bitcoin to buy shares.  But I am able to step outside of my little world and see how it might be useful for many people for many different reasons.  The fact that you are unwilling or unable to see any of these as anything but stupid shows just how narrow minded you are.

People like you give anarchy a bad name.  You are trying to act like an authority when you say your way is the only way.
1990  Bitcoin / Pools / Re: [1100GH/s] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: July 16, 2013, 07:21:03 PM
Ok sorry if these answers are somewhere in the 306 pages of this post, I did not read them all.

Is the real pool site www.p2pool.org? The reason I ask is, the Wiki talks about needing to run the wallet program with some arguments, and a p2p program. The .org site says you can mine with just the wallet address as your user name.

I'm also interested in mining several coins(one a day depending on value) with your site and was wondering if that is a bad idea, it sounds like my return goes up the longer I mine a particular coin.

Thanks
Rotor

If you want to run your own node, you need bitcoind and the p2pool program.  If you want to connect to a public node, you can just use your wallet address as your user name.  If you run your own node, you can merge mine any coin that supports it.
1991  Bitcoin / Mining / Re: Why is total hash rate dropping so much? on: July 16, 2013, 07:18:54 PM
For earnings prediction, http://www.bitcoinx.com/profit works pretty good.

Just make sure you bump up the starting difficulty to account for what it may be by the time you actually have the hardware in hand.
1992  Bitcoin / Pools / Re: Help me pick a pool on: July 16, 2013, 07:17:36 PM
Because you can't point that much hashing power at your Bitcoin-QT client.

Why is that? Sounds incredible.

You need some lighter weight software to proxy for you.  If you don't have a proxy to throw away most of the results, you will keep bitcoind too busy to do the other things it needs to do.
1993  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: July 16, 2013, 07:16:07 PM
i've been trying to buy USBs for a week, the backorders everywhere (direct, btcguild, group buys) are getting really annoying. As a shareholder, I hope we can ramp up supply soon.

Try ebay Tongue

if i can't buy them, a lot of people can't. what's that mean then?

It means they were all bought by resellers who are now selling them on ebay and through other venues.
1994  Economy / Speculation / Re: It's going to blow... on: July 16, 2013, 07:14:42 PM
maybe he is buying at gox and selling at other exchanges


Buying @100 and selling @90 ? I hope he has a good strategy Grin

Or maybe just a whale cashing out Smiley

1.  Drive price up on MtGox, down on others.
2.  Wait for people to assume price has decoupled due MtGox's USD delays.
3.  Rumors of MtGox dying will cause a selloff on other exchanges.
4.  Buy cheap coins on other exchanges.
5.  MtGox gets caught back up on USD withdrawals.
6.  Laugh all the way to the bank.
1995  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 16, 2013, 07:07:49 PM
Bitcoin is currently inflating at a 12.5% yearly rate

I'm not sure where you got that figure.

Basic math.

This year (2013) aprox. BTC1,312,500 will be minted, those are being added to the BTC10,500,000 minted until the end of 2012, so at the end of the year you will have around BTC11,812,500

That's a yearly inflation of 12.5%

In 2014 it should be around 11%, in the following years it will decrease until aprox. 9% (2016) until it falls to 4% in 2017 because of the next reward halving.

Yes, surprise, Bitcoin the deflationary currency its in a heavily inflationary phase and it will be for the next decade. Good thing is that the inflation is predictable and immune to third party manipulation.

Gotcha. What you referred to as inflation, I see as increase in supply.

I tend to think of inflation as a function of value, as in how much of a currency is required to buy something.

With fiat currencies, inflation is usually measured by indices covering everything from wages to fuel prices. It takes more USD each year to buy a gallon of gas or hire a laborer for an hour.  Bitcoin is referred to as deflationary because it takes fewer and fewer coins each year to buy something, be it an ASIC miner, an American dollar or a pound of herbs.

You are talking about price inflation.

Rampion is talking about monetary inflation.

Both are correct uses of the term, and both talked about regarding fiat currencies.

Also, wages have not been keeping pace with food and energy price inflation, so it's hard to back up the claim that the price of labor is inflating.
1996  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: July 16, 2013, 06:56:20 PM
i've been trying to buy USBs for a week, the backorders everywhere (direct, btcguild, group buys) are getting really annoying. As a shareholder, I hope we can ramp up supply soon.

Try ebay Tongue
1997  Economy / Service Discussion / Re: 0.25 BTC Bounty - Show me a Mt Gox USD Withdrawal :) on: July 16, 2013, 06:50:52 PM
They are sending withdraws, they are just backlogged.  They are able to fulfill withdrawal requests, it will just take time.

And yet this very thread is about a total of 0.75 BTC unclaimed bounty vs showing a successful withdrawal.
You'd think someone would come up try and claim that money.

(sorry for condescending tone)

Right... a bounty for a withdrawal started less than 8 business days ago when MtGox said it would take several weeks to get caught on on the queue before they can deal with new requests.

(sorry for throwing reasonableness in your face)
1998  Economy / Speculation / Re: Yet another analyst :) on: July 16, 2013, 05:52:24 PM
We just like to compare I guess.
On hourly daily SMA20 is also similar. Price was spot on it for 2 weeks before we went down, than on top of envelop and then down below envelop as price tuched SMA200 again.
Not prediction, just observation

IMO this market has too many small bot trades for SMA to be useful.  Weighted is the way to go.
1999  Bitcoin / Alternative clients / Re: USB Flash Drive storage requirements ? – LITE Client vs. FULL on: July 16, 2013, 04:48:30 AM
For the reference client, blockchain/chainstate/index files are currently around 11.5 GB and the remaining files should be just a few megabytes.

In case you want to estimate future growth, historical values for blockchain size are here:
http://blockchain.info/charts/blocks-size?timespan=all
2000  Economy / Service Discussion / Re: 0.25 BTC Bounty - Show me a Mt Gox USD Withdrawal :) on: July 16, 2013, 04:23:48 AM

I do not work for Gox.  I've just been around long enough to know that they don't move at the pace most people expect them to move.  Improvements could be made here.

You, however, are exaggerating.  The outage was 2 weeks.  There outage is over, but there is a large backlog of withdrawals that they are working through.  I have not seen any claims that cancelled wires were not made available to trade.  I have seen several claims of the converse (people cancelled withdrawals, bought btc, and then withdrew).  They have already clearly explained the situation with the press releases I linked.

It's been 7 business days (counting today) since withdrawals resumed, and when they resumed them they estimated it would take several weeks to work through the log.  You people have no patience.

What is happening with Mt.Gox is unprecedented, history is not an indicator of future performance as you are suggesting.  May I remind you that you are talking about a incompetent CEO who told authorities that his business neither exchanged currency nor was a money transmitter.  

"In particular, Karpeles answered no to two important questions: “Do you deal in or exchange currency for your customer?” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)?”

http://techcrunch.com/2013/05/16/mt-gox-dwolla-account-money-seizure/

I'm sure with his incredible leadership Mt.Gox can handle the avalanche of shit coming their way.  

Unprecedented huh?
SEPA withdrawals were blocked/delayed for a month or more.
Dwolla withdrawals were blocked/delayed for a month or more (months before the account was finally closed).
They have had several banks accounts closed over the years, including one that lead to a very public court case in France.

And this is one reason why it takes them so long to respond.  People send daily emails which results in 10 times the volume to work through in their email queue.  I'm glad (but not surprised) to hear that your issue has been resolved.

No offense, but you're starting to sound like Baghdad Bob.

Gox has been extremely derelict in communicating with the people to whom it owes hundreds of thousands of dollars. If they gave satisfactory answers to the first email, customers wouldn't need to pester them over weeks and months. To my knowledge, they never even issued an official statement about the Dwolla matter after the initial, "We don't know anything about it." The other "official" statements have been clear as mud.

Questioning the veracity of their claims is not FUD at this point, it is a legitimate inquiry into the risk of this situation by people with a lot of money on the line. Your suggestion of more "patience" has no place in the world of Bitcoin, because most know that where there is smoke, there is almost certainly fire.

Don't worry, I'm not taking anything personally.  Call me whatever names you want.  I understand people are upset about their money.  That said, people should do their due diligence before giving so much money to anyone.  You can't just trust a business because it is a market leader.  Anybody who has investigated the history of MtGox will not be surprised by the recent delays.

This is not the first time there have been issues, and it will very likely not be the last.  Moving as much fiat as MtGox is very difficult to accomplish due to regulations (and worse, uncertainty about regulations).  Banks can't afford to run afoul of the law, so they tend to be very conservative.  Part of standard operating procedure is to set transfer limits for new accounts that can last months.

All threads like this do is create an environment of fear and increase the demand on both the withdrawal systems and the customer support systems.
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