Bitcoin Forum
August 31, 2015, 05:46:09 PM *
News: New! Latest stable version of Bitcoin Core: 0.11.0 [Torrent]
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 ... 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 [106] 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 ... 378 »
2101  Bitcoin / Pools / Re: A guide for mining efficiently on P2Pool, includes FUD repellent and FAQ on: June 26, 2013, 01:35:40 AM
It would be a maximum of twice as responsive for the jallies, assuming each chip starts work 180 degrees from each other.

And potentially much better with the rigs with higher chip counts, but in practice they would likely be fairly close to synced, so the improvement would be small if it even surpassed the extra overhead.
2102  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 26, 2013, 01:26:38 AM

Just Alex Jones being a fucktard as usually.  Nobody important pays any attention to that guy.

The guy should be granted the title "Most typical US-American" by a committee of Chinese Sociologists. Grin
Seriously for me he's a symbol of many things that went wrong in the US.

I will admit he has an audience, but while loud they are a very small minority.
2103  Economy / Speculation / Re: I have seen the light on: June 26, 2013, 01:17:07 AM
how bright was the light? lol

Very bright. As in, a bright idea. Bitcoin is a bright idea which will enlighten the world.

Meh, bitcoins have some nice features, but they are still limited to a very small number of transactions (relative to the total number of transactions made globally), and the massive size of the ever-expanding blockchain seems like an inelegant solution.

Only the Unspent Transaction Output set size matters.  Everything else can be pruned as necessary.
2104  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 26, 2013, 01:15:49 AM

Just Alex Jones being a fucktard as usually.  Nobody important pays any attention to that guy.
2105  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 26, 2013, 01:07:22 AM
http://www.businessinsider.com/the-worlds-best-engineering-schools-2012-6?op=1

World's 50 best engineering schools.
I count 8/50 from outside the US.  India did make the list with University of Mumbai at number 41, but I don't see any Chinese institutions.  However I'll give you that this is an English speaking publication, so I invite you to find a source that disagrees.
2106  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 26, 2013, 12:58:39 AM
China ain't gonna collapse as long as there are production business left in the western world to out-source. Give it another decade.

In another decade China's exports will have collapsed as American robots and 3D printers lead a resurgence in western manufacturing.  Even China can't beat unpaid labor.
3D Printers are robots.
And who is gonna build the robots? And most importantly who's gonna supply the raw materials?

Robots will do most robot manufacture, and some repair.  There will always be maintenance people, but a 5 man team can keep an entire factory rolling.  Since there is almost no labor demand, their wages won't be that high anyway.  We may be slightly more than a decade away, but I believe we will see significant progress towards this.

You have no idea how many junkyards with over 50,000 tons of scrap steel I have within 100 miles of my house.  Americans have been throwing shit away like crazy for decades.  We also mine quite a bit of various metals.  Yes, there are some resources we lack, but we have a great abundance of energy and arable land.

All the labour will be in engineering. Tell me why that will not be outsourced.

Tell me why it would.  What nation's university system attracts more engineering students than the US?

Also, these guys are already selling product: http://www.rethinkrobotics.com/

You'd better hope your job is harder than what these $22k robots can do with a little training (demonstration by a human, not programming).

Regardless, it doesn't matter who makes them initially.  Manufacturing jobs are going away and manufacturing will occur on a more local basis.
2107  Other / CPU/GPU Bitcoin mining hardware / Re: AS400 mining bitcoins? on: June 26, 2013, 12:14:09 AM
I was told the way it affixed integers made it a superior bitcoining rig for fractions of the cost.

AS/400 hardware mostly uses the power architecture[1].  While superior to x86 for some operations, they still can't compete with ASICs.

1. http://en.wikipedia.org/wiki/IBM_System_i#CPU_in_AS.2F400.2C_iSeries.2C_i5.2C_Power_Systems
2108  Bitcoin / Pools / Re: [POLL] Why don't you mine in p2pool? on: June 26, 2013, 12:07:42 AM
ASIC manufacturers seem to only consider p2pool as an afterthought. They seem to like coming up with optimized designs that achieve increased hashrates by delaying the reporting of shares by a few hundred milliseconds or even a few seconds.

P2Pool is changing their share time to 30 seconds from 10 seconds, which should help.  In addition, there are ways to tune you mining settings so that you can achieve greater than 100% efficiency as long as you have good internet connectivity.
2109  Other / Off-topic / Re: Who else is fed up with the core development team? on: June 25, 2013, 11:13:08 PM
It starts with "goo" and ends with "gle".

I don't think google will help me there as btcd hasn't been fully released yet.

Googled btcd, second link: https://opensource.conformal.com/wiki/btcd

At the bottom are the links to all the live code repositories for the various subprojects.

Damn, I'm tired from all that hard work Wink.
2110  Economy / Economics / Re: The end is near on: June 25, 2013, 10:54:36 PM
I want to warn you about all these gloom and doom predictions.

If you would have followed these doomsday preachers you would have missed out on the huge rise in the markets and you would have bought gold at its peak. There are still people saying "buy gold and run from the stock market". These people are screwing you over. Gold is going down to $1000.

I love Max Keiser's show, but don't follow his advice.

Yes, we are in dire straights. Yes the numbers are ALL bad. We are in for a volatile year. But this paper game goes on because no one can pull the plug. You panic - you are personally doomed.


"The markets can remain irrational longer than you can remain solvent" - This quote is probably the only useful think Keynes ever contributed. The fact is, I believe these people like Max Keiser are right about their predictions. It's just things take a long time to play out. The fact is, logically what is happening in the global economy is temporary in nature and cannot continue for ever. Logically, there is going to be a big crisis. Markets can remain irrational for a short period, but eventually mathematics rules.

I don't think it's going to be a 30 year wait before a big readjustment. I am betting strongly it's no more than 2 years.

I am not a doomsday preacher, but I do believe there is a big crisis on the horizon. I am positive we'll get over it, but I do believe it's going to be worse than anything experienced in modern history.

That's not the only contribution Keynes made, but politicized neo-Keynesians like to forget he said that you should tighten your belt and reduce debt during boom times.
2111  Bitcoin / Pools / Re: [POLL] Why don't you mine in p2pool? on: June 25, 2013, 10:01:16 PM
Skimming shares is exactly what my software does.  Can you please tell me how to do it without having the mining software report this:
Quote
Accepted untracked stratum share

I will be very appreciative since that message tends to scare off new users who don't read the OP carefully.

I guess something is wrong with your code and how it handles stratum connections. Have you seen this? https://bitcointalk.org/index.php?topic=28402.msg2167883#msg2167883

I was using sarcasm... my point is the statum protocol will make it quite obvious if someone rewrites the share's payout address as I am.
2112  Economy / Speculation / Re: Bitcoin DOWN, Litecoin UP on: June 25, 2013, 09:33:55 PM
Sorry, will not support scam-coins. ( alt-coin ? ... same as blockchain fork to me, I will stay on longer chain )

Litecoin would be the absolute LEAST scammy of the alt-coins and the blockchain is 50% longer  Tongue
Namecoin actually provides an innovative use case, and not if you weight by difficulty, which is how cryptocurrencies judge chain length.

Quote
Bitcoin DOWN and Litecoin UP.
This could be a theme for the next months...

What do you think? Discuss.


Really, this is only because of Gox bringing LTC trading to their site. They say in July, but I would wager a guess that something will delay it further

People who buy on news like this always make me wonder about our survival as a species.
2113  Other / Off-topic / Re: Who else is fed up with the core development team? on: June 25, 2013, 09:28:47 PM
You don't need to be a coder to be a tester.  Why do you spend your time bitching when you could be testing.
2114  Economy / Securities / Re: ASICMINER Speculation Thread on: June 25, 2013, 09:22:51 PM
Are there really people in favor of clogging up the blockchain with microtransactions just so that they could get a daily dividend? I don't believe this would be in the best interest of bitcoin, and therefore not in the best interest of AM.

What, what? One transaction per day would be "clogging up"?  Huh


That only leaves 99.999998347% of the maximum transaction volume for the rest of the network!!!!!

Yes, this is including the current 1MB/block cap.
2115  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 25, 2013, 09:04:11 PM
Reminder / Update

ThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on.

Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat.

The last round was a big success, so we will continue doing this for the foreseeable future.

The questions are available for voting here:

https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewform

If there is a question that is not listed, please let us know and we will discuss adding it.

Thanks for ignoring me, I was the first response after you asked for questions:
I nominate a query about mining a small amount on p2pool in order to keep it finding at least a block a day.  In fact, with p2pool, if they are able to mine more efficiently than the average, they can potentially earn more than solo mining.

P2pool currently has a 30.2 hour average block time.  Helping keep p2pool alive is beneficial to the community and if the operators can achieve lower latency than the average the payout should beat solo mining[1].

1. http://p2pool.me/payment-system/
2116  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 25, 2013, 08:56:18 PM
China ain't gonna collapse as long as there are production business left in the western world to out-source. Give it another decade.

In another decade China's exports will have collapsed as American robots and 3D printers lead a resurgence in western manufacturing.  Even China can't beat unpaid labor.
3D Printers are robots.
And who is gonna build the robots? And most importantly who's gonna supply the raw materials?

Robots will do most robot manufacture, and some repair.  There will always be maintenance people, but a 5 man team can keep an entire factory rolling.  Since there is almost no labor demand, their wages won't be that high anyway.  We may be slightly more than a decade away, but I believe we will see significant progress towards this.

You have no idea how many junkyards with over 50,000 tons of scrap steel I have within 100 miles of my house.  Americans have been throwing shit away like crazy for decades.  We also mine quite a bit of various metals.  Yes, there are some resources we lack, but we have a great abundance of energy and arable land.
2117  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 25, 2013, 08:44:03 PM
China ain't gonna collapse as long as there are production business left in the western world to out-source. Give it another decade.

In another decade China's exports will have collapsed as American robots and 3D printers lead a resurgence in western manufacturing.  Even China can't beat unpaid labor.
2118  Bitcoin / Pools / Re: [POLL] Why don't you mine in p2pool? on: June 25, 2013, 08:02:32 PM
No pool was trusted from launch just "by default". Maybe you should select yourself a low latency node here http://p2pool.hostv.pl/ and give it a try! Also, there are some nodes which have been here for quite long time like p2pool.org and others.
The main fear I have is a malicious node operator skimming shares. It would be very hard to detect because the node could just say the share was "stale", and take it for himself. This can be done with traditional pools too, but even the smallest pools are magnitudes larger than p2pool nodes.

I run a p2pool back mining pool so people with low hashpower can use p2pool with lower variance:
https://bitcointalk.org/index.php?topic=234841.0

Skimming shares is exactly what my software does.  Can you please tell me how to do it without having the mining software report this:
Quote
Accepted untracked stratum share

I will be very appreciative since that message tends to scare off new users who don't read the OP carefully.
2119  Bitcoin / Pools / Re: A guide for mining efficiently on P2Pool, includes FUD repellent and FAQ on: June 25, 2013, 07:53:06 PM
Re: p2pool and BFL SCs

There appears to have been a recent change to the firmware from one job per board to one job per chip
https://forums.butterflylabs.com/announcements/692-bfl-asic-status-3.html#post43041

They claim, "This has fixed a lot of the latency issues we were experiencing with the early firmware."

jalepenos only have 2 chips, so at best this is a factor of 2...

Anyways, the new p2pool release should help a bit too.

Does not compute in our case. If you suppose you can't interrupt a job, having one per board is better as it finishes faster.

So either Josh didn't understand at all and the switch was from one per chip to one per board (which would be good for P2Pool) or they solved a problem completely different from what was spotted by ckolivas (and it's probably bad for P2Pool, you might not want to update your firmware unless you can downgrade it later).

EDIT: Come to think of it, you are probably right since the chips should compute nonce ranges in very close to the same amount of time, so I'm happy if you ignore this.  I'll just post in case anyone else has a similar objection.

Are you sure about that?  Needing to reset work is a stochastic event and thus each chip will be somewhere in the range from just starting to almost done.  You are very clearly right if all chips are synchronized, but I'm not sure they are.  I'm a bit weak on stats, so I'm not sure here.  I could probably review a proof, but if I had to prove it either way myself, I would probably just do a monte carlo simulation.
2120  Economy / Economics / Re: Which is better - Jale in hand now, or a Single in 3 months? on: June 25, 2013, 02:11:43 AM
How do they "cost about the same"?

But either way:  subtract however much they cost you each from the values below.  I assumed block change at the two week intervals mining 100% uptime.  And took random stabs at difficulty over the next 5 months:

Code:
weeks          5ghs 60ghs   Difficulty(est)
2        182   19m
4        140   25m
6        119   30m
8        84   40m
10        65   55m
12        51   70m
14        40 476   90m
16        36 420   100m
18        28 336   125m
20        24 280   150m
__________________________
       769 1512
Less Cost of Hardware


If difficulty goes up at that rate, the adjustments will happen much quicker than 2 weeks.  That said, I doubt we'll see that much difficulty that quickly unless price starts to rise again.
Pages: « 1 ... 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 [106] 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 ... 378 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!