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1981  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: July 23, 2013, 04:22:11 AM
Splitting the stock 10:1 would mean more work for Friedcat moving shares around so I am against it.

Good point. *Much* more work, as the amount of share trading would multiply up, probably much more than 10x

I think  a stock split would only "work" therefore if a dedicated trading platform was launched, so all the laborious manual work was removed once and for all.

The current direct transfer system done via email honestly isn't much good though. The manual labour for friedcat + cases of attempts at "double selling" (not sure if any successful?) which friedcat confirmed recently. Its not the most secure way to trade shares is it ....
Shares rose is the best choice, waiting merger

I hope friedcat has plans for listing ASICMINER on a public exchange soon. This will greatly increase productivity for him and the company since he doesn't have to go through tens or hundreds of direct share transfers a week, and confirming them for auctions.

If that is the case, I believe a 10:1 stock split is greatly favorable.

in the original post AM was listed as a virtual Entity. I doubt he has any standing as a legal company and there would be a lot of red tape to go through in order to list it on a public exchange I can't imagine this ever happening

We should obviously trust your speculation over the official records of the Chinese government.
1982  Economy / Services / Re: Coinabul - Buy Silver/Gold for Bitcoin on: July 23, 2013, 01:40:57 AM
A friend of mine is still waiting for his silver 2 months after his order.  Just an FYI.
1983  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Working on a GPU miner for Primecoin on: July 23, 2013, 01:16:29 AM

GPU is no good

"Good" is a value judgement that everyone defines differently.  Perhaps you could explain what you mean by "no good".
1984  Economy / Speculation / Re: I know what some of you are thinking. on: July 22, 2013, 11:51:43 PM
I wonder what the Winklevoss are waiting for. Grin

ETF approval Tongue
1985  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency on: July 22, 2013, 11:48:06 PM
I've gotten this error occasionally while mining today, on both Linux and Windows. I'm using mikaelh's hp6 lately, so I don't know if the issue is unique to it.

checkqueue.h:171: CCheckQueueControl<T>::CCheckQueueControl(CCheckQueue<T>*) [with T = CScriptCheck]: Assertion `pqueue->nTotal == pqueue->nIdle' failed.

I also have been getting this error every now and then. It happens about once a day or so, not at a specific time, though.
I just threw together a script to see if primecoind was running, and if not, email me and restart the process.

Can you show me how to make a .bat file that starts "setgenerate true -1" once the client is launched/restarted?

That's the only part I haven't figured out how to do yet.

Just add gen=1 to your config file.
1986  Economy / Services / Re: - BTC prices in USD, EUR, and GBP on: July 22, 2013, 11:30:09 PM

If you have any changes you want me to make, let me know!


I Like it! Only thing is I would make the usd/eur/gbp values larger. But maybe thats just because I sit so far from my screen. The 1 BTC is definitly visible though lol

+1.  The dynamic content shouldn't be the most subtle part of the site.
1987  Economy / Economics / Re: BREAKING: JP Morgan Gold Warehouse Fire on: July 22, 2013, 10:22:49 PM
Sorry guys, JPM sold this building a while ago:
1988  Economy / Speculation / Re: POLL: when will we see $100/BTC again? on: July 22, 2013, 02:22:46 AM
Nothing magic about the $100 number. Like a sordid old hooker, it's already been hit more times than I can remember.

Holding $110 and breaching $115 is more important in my mind.

Anyway, if forced to vote, I'll choose that we break $100 in the next couple of days. Price is depressed. Decline last week was rash and unconvincing, and purely due to the Gox problems making price discovery difficult. I imagine there are lots of people sitting out on the sidelines waiting for the right time to buy. Bears can basically be ignored -- if you believe their screams, they haven't held BTC to sell for months now.

rather, the rally from $65 to just above $100 was unconvincing...and criticizing bears? the price has gone up from $13 in January 2013 and now is around $ much appreciation in price is realistic without a slide down? what fundamental factors have change..the bubble was built on hype and speculation...

And the antibubble was built on fear, uncertainty, and doubt.
1989  Economy / Speculation / Re: Price forces? on: July 21, 2013, 06:35:37 AM
wopwop is talking about the global costs, taking inflation into account. I guess he divided the value of the 25 BTC created every block by the number of transactions in a block. Those costs are real, only diluted among every existing bitcoin.

Right, but there is a big difference between average cost and marginal cost, especially for the person making transactions.  For that person $12 is not representative of much.
1990  Bitcoin / Pools / Re: Help me pick a pool on: July 21, 2013, 06:01:59 AM
Hmm... it's almost like we need a distributed way of breaking up block rewards.

Oh wait, that's p2pool.
Indeed, though it's still not quite ASIC ready, but getting there.

Please don't make blanket statements like that.  People keep repeating them and using you as a source.

Several ASICs do have problems with p2pool, but others do not.  For example, I am mining with 20GH/s of AM USB just fine on p2pool.  With the new 30 second share time, there have been some reports of BFL hardware reaching p2pool efficiency over 100%.
Fine, it's ASIC ready up to a point, just not Avalon ready, though gmaxwell tells me some newer patches may have finally nailed it.

Too much weight is put on the efficiency value from p2pool on its own. On an Avalon I could get 100% efficiency... but at an effective hashrate of 6GH when the device was supposed to be hashing at 80GH.

Thank you.  And now that the "avalon fix" for p2pool is released, does it solve the issue in your opinion?
1991  Economy / Speculation / Re: Goomboo's Journal on: July 21, 2013, 01:49:56 AM
Daily Goomboos: Prepare your fiat!

Steady.... steady.... don't shoot until you see the whites of their eyes.

Candle closed!  EMA10 > EMA21!  Fire! Fire! Fire!

1992  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin High Performance on: July 21, 2013, 12:44:34 AM
I used your version hp5.  I'm running Windows 8 R2 Standard 64 bit.  The processor is: Intel Xeon CPU E5-2420 @1.90 ghz

My settings are:


My server processor shows 12 cores running and my desktop shows only 8 cores.  but it's still slower than the desktop by almost half.  Also my server processor cost 4x more than the the desktop processor...

Well, your server shouldn't be lagging behind by that much. Which operating system is the server running? Which version of the client are you using? Did you compile it yourself?

'genproclimit=1' will cause it to only create one thread for mining.  Is that really what you want?

he has -1... as in 1 thread per core
1993  Economy / Economics / Re: Detroit Becomes Largest U.S. City To File Bankruptcy on: July 20, 2013, 03:58:09 AM
Might be a good time to buy-to-rent in Detroit. Especially if the USD tanks as that will mean that inland production will go up (imports gets more expensive). The bankruptcy might lead to better financial control and federal money/ local tax breaks etc

If I was in the US and wanted to start up a production facility, Detroit might be a likely location.

From the bottom the only way is up.  Wink

Please explain how an overburden of debt will tank the USD.  I see debt as deflationary since interest sucks dollars out of the economy.  Defaults will erase uninsured savings (don't keep more than the FDIC limit).  Made in the USA will return, but there will be few jobs.  Robots or 3-D printers are cheaper in the first year than human labor for many tasks.  Even further excess labor supply will lead to wage cuts.  Productivity per worker will boom as robots and software replace people.  Humans will still be needed for most construction (although people are 3-D printing skyscrapers now), robot maintenance, customer service, engineers, programmers, and highly delicate work (although this can be aided by machines).  Of course, there will still be demand for creative types to entertain and enlighten us.
1994  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 20, 2013, 03:18:42 AM
99.9% of my entourage and random street people don't know what is Bitcoin. We are far from mainstream.
Have you literally walked down the street and asked random people if they knew what Bitcoin was and kept a tally?

I wear have had a t-shirt with the Bitcoin BTC on it (actually says "BTC or GTFO") .  I have been asked at least a couple dozen times "what is that?" and only had one person recognize it.  At least 50:1 if not more.  Not scientific but if you think Bitcoin is mainstream well you obviously have already made up your mind so facts don't really matter.  Bitcoin may be many thing and it may go down or it may even crash and burn but the idea that it is already mainstream is just silly.

if everyone in America purchased one bitcoin we would all be rich rich rich.

Can't and won't happen  Wink 300M > 21M

YES.  This is true. Everyone in America Can't have one BTC, hence why the price has nowhere to go but UP.  Wink  (of course there may be bumps in the road on the journey upwards.)

Can happen.  They can't all have one at once, but every American could purchase one bitcoin.  Money can circulate.
1995  Bitcoin / Hardware / Re: Pictures of your mining rigs! on: July 19, 2013, 10:28:16 PM
$1100 is pretty pricey for 48 ports.  I spent $360 getting enough ports for 61 miners and I've got plenty of ports to spare.  But I guess your setup is a bit cleaner.

He said in another thread he got it used for pretty cheap.

Okay, now I'm jealous Smiley.
1996  Bitcoin / Hardware / Re: Pictures of your mining rigs! on: July 19, 2013, 10:26:37 PM

$1100 is pretty pricey for 49 ports.  I spent $360 getting enough ports for 61 miners and I've got plenty of ports to spare.  But I guess your setup is a bit cleaner.
1997  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 19, 2013, 10:19:41 PM
It's strange to hear bitlisten to tinkling away without seeing a single dollar amount on any bubble.

uhm you mean the one with the troyan loader?

No, he means the one that was put up by the original creator after listentobitcoin was sold to some jackass who did the trojan. is still legit is trojan city
1998  Economy / Economics / Re: Commodity prices & self sufficient living on: July 19, 2013, 10:18:19 PM
So, deflation spiral and then hyperinflation? Any time frame? Speculation. So wait for deflation; buy land, solar cells, wood, food,.. and enjoy (and sell some when inflation comes).

Good plan..... if you can manage to have liquid assets at the bottom.  Cash will be hard to come by since interest rates will spike and bankruptcies will erase uninsured savings.
1999  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin High Performance on: July 19, 2013, 10:15:00 PM
I've installed all the needed extras to run primecoind via apt-get install, then I just uploaded the primecoind program to /usr/local/bin and it worked like a charm. Is there any harm to this? It cuts the time of having to compile it each and every time.

The libgmp installed by apt-get may be sup-optimal for your CPU. That's the biggest concern. But it's also easily solved by grabbing from /usr/local/bin and placing it there on every instance you have.

Thanks for your help mikaelh. I did the apt-get install libgmp.How do you grab the from /usr/local/bin?

Side note: how do you send all your coins to one address? Is it the sendmany command? Thanks!

sendtoaddress address balance

sendmany is to send to multiple addresses in a single transaction
2000  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency on: July 19, 2013, 10:07:09 PM
is it okay to use the same wallet.dat on all my mining rigs and mine at the same time?

It will be okay until you get past your keypool (default of 100 addresses).  After that, the wallet files will diverge and start using independent keys.
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