2221
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Alternate cryptocurrencies / Altcoin Discussion / Re: TimeCoin (TMC) Released! New Cryptocurrency!
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on: July 15, 2013, 04:59:45 AM
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Yes I can compile on linux just fine with the current config. Make sure you have both boost libs installed on your Linux..
Yea I noticed certain transactions aren't going threw for me...If I am logically correct by the time the difficulty changes things will start working properly? Unless there is a quicker fix for this?
Something is funky with the build system. It tried to add mgw suffixes to the boost library names.
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2222
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Alternate cryptocurrencies / Altcoin Discussion / Re: TimeCoin (TMC) Released! New Cryptocurrency!
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on: July 15, 2013, 04:55:59 AM
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/usr/bin/ld: cannot find -lboost_system-mgw46-mt-sd-1_54 /usr/bin/ld: cannot find -lboost_filesystem-mgw46-mt-sd-1_54 /usr/bin/ld: cannot find -lboost_program_options-mgw46-mt-sd-1_54 /usr/bin/ld: cannot find -lboost_thread-mgw46-mt-sd-1_54
Has anybody been able to get the GUI to compile in Linux?
Edit:
I just edited the last g++ command and removed all the -mgw46.... suffixes. timecoin-qt is now built
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2223
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Economy / Speculation / Re: Automated posting
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on: July 15, 2013, 04:11:40 AM
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93.00 - cheap. I would buy.
http://www.bloomberg.com/markets/economic-calendar/The US Treasury bonds are redeemed tomorrow, tell me what you guys think will happen to the dollar and btc / usd price if the yeild / interest rate goes up on treasuries ? I'll tell you what, the USD will fall and the price of Btc will be higher. Might not be much but should be significant. BUY BUY BUY Rising rates is bullish for the dollar and bearish for risk assets.
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2224
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Economy / Economics / Re: Bitcoin - we have a problem.
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on: July 14, 2013, 11:29:12 PM
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For those who may be interested, p2pool just hardforked to settings that should work much better for ASICs that previously had issues. If you are an adventurous Avalon, AM Blade, or BFL Single owner, I encourage you to give it a shot. If you are more conservative about potentially losing a couple percent for day or aren't comfortable tweaking config files, you may want to wait for reports and guides to be developed. If you do try it, please try it for at least a day. After 24 hours, if your efficiency is 100% or better you will earn as much or more than a 0 fee pool that pays out transaction fees. There are also guides for merged mining other coins if you are interested.
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2225
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Bitcoin / Pools / Re: [1100GH/s] p2pool: Decentralized, DoS-resistant, Hop-Proof pool
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on: July 14, 2013, 10:56:51 PM
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Did we just fork? My "Expected time to share" just tripled. I'm also not seeing the "Switchover imminent" messages anymore. Edit: It appears so... this was the last switchover message in my log (time is EST). 2013-07-14 18:36:51.640422 Switchover imminent. Upgraded: 92.061% Threshold: 95.000%
After which I see several of these: 2013-07-14 18:38:52.620338 Lost peer <ip:port removed> - 2013-07-14 18:38:52.620455 Connection was aborted locally, using 2013-07-14 18:38:52.620595 L{twisted.internet.interfaces.ITCPTransport.abortConnection}. 2013-07-14 18:38:52.620723 2013-07-14 18:38:52.620843 @since: 11.1
I'm looking forward to ASIC reports. I can recommend this guide for setting up and tuning p2pool (just mind that it might not yet be updated for the ASIC friendly changes this fork brings, so don't be discouraged by the warnings): https://bitcointalk.org/index.php?topic=153232.0I would like to see my tiny 20GH/s get knocked out of the top 10
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2227
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: July 14, 2013, 08:55:56 PM
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I'm happy to see the current flat stabilization of the price. It could then get back to the previous patern of "stay flat... stay flat.... increase suddently and never come back... stay flat... stay flat... etc".
I do enjoy the staying flat calmness it brings forth anticipation and excitement when it suddenly goes ^^ Just wait until new blades come to the market, we will see another jump When will that be? (Well it is the speculation thread!) I've heard rumors of the 20th, 23rd, and 24th.... take your pick.
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2228
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Bitcoin / Pools / Re: [1100GH/s] p2pool: Decentralized, DoS-resistant, Hop-Proof pool
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on: July 14, 2013, 08:52:37 PM
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Could someone explain the changes in SHARE_PERIOD and SPREAD? I understand it's to support ASICs in some way but can we get a more detailed explanation as to what these setting do? Bitcoin: SHARE_PERIOD=10, # seconds NEW_SHARE_PERIOD=30, # seconds
SPREAD=3, # blocks NEW_SPREAD=3, # blocks
Litecoin: SHARE_PERIOD=10, # seconds NEW_SHARE_PERIOD=15, # seconds
SPREAD=12, # blocks NEW_SPREAD=3, # blocks Thanks! I'm not sure about SPREAD, but SHARE_PERIOD is the target time between shares. Essentially, the sharechain is blockchain of valid bitcoin blocks, but it has a target block time of SHARE_PERIOD. The payouts for valid blocks have to pay out to the last CHAIN_LENGTH shares.
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2231
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Bitcoin / Pools / Re: [1100GH/s] p2pool: Decentralized, DoS-resistant, Hop-Proof pool
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on: July 14, 2013, 08:25:36 PM
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I have 6 GH/s pointed to P2Pool. Can I get a %% update it currently is at?
Switchover imminent. Upgraded: 66.962% Threshold: 95.000% ? I'm seeing an average of 91% over last 24h in the graphs and a big chunk of hashrate switched over less than 24 hours ago. The switch should happen in the next 48h. Hashrate has been rising too: it's at ~1.4TH/s. Exciting times for p2pool, we may regain a spot in the top 5 pools if enough people join and lower variance:currently only people understanding variance and able to afford it are on p2pool, with lower variance more people will join. There is 12 hour lag. the changes will take effect 12 hours after 95% of the mining power has been upgraded, as usual.
I guess it will be a little while yet. Still, I would agree with your 48 hour estimate.
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2232
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 14, 2013, 08:05:00 PM
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Looks like the V1 chart is showing the wrong difficulty. I would look there first. Edit: Last two difficulty entries are off by an order of magnitude. Ah now I see the mistake 187.28116 vs 18.72812 Thanks for pointing that out waits for the fix from SmiGueL I'll just divide the network rates by 10 and assume that was the correct division That wouldn't be quite right, but is a decent approximation.
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2235
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Bitcoin / Pools / Re: Help me pick a pool
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on: July 14, 2013, 07:52:58 PM
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Thanks to all - this is all fascinating info!
Quick question, does the hashing power of your setup affect which pool you should join? I will be bringing my 500GHs BFL mini rig online on Friday, and so it's a little more important to maximize efficiency vs my lil' 10.9 GHs ASICminer Blade right now! I'm on Slush's pool at this time.
Thanks folks.
If you have the hardware to run a p2pool node, and the 30 second share time switchover has occurred by Friday you should consider that. The switch will happen when 95% of hashpower is on the new version. We are currently at 67%. P2Pool can actually get you more coin than solo mining if you set it up correctly. See here: https://bitcointalk.org/index.php?topic=153232.0
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2236
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Economy / Economics / Re: Bitcoin - we have a problem.
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on: July 14, 2013, 07:45:44 PM
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If p2pool node software was integrated into the Bitcoin-qt client so it is only one download and as simple as installing the normal client and a simple set up procedure i.e. you only have to enter a username and password - it would make a massive difference to the take up. Also a new tab that displayed all the stats that you have to request through your web browser as well.
Similar to how the original client had the option to "Mine".
At the moment it is too disjointed and is only going to appeal to people that are technically competent.
That would be my suggestion to help build the user base quickly.
The problem is that most of us in this community that are technically competent don't use Windows and very few of us know how to develop for it. If someone reading this does have such skills, a single install p2pool GUI integrated with a wallet for windows would be awesome.
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2238
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Bitcoin / Mining / Re: Why is total hash rate dropping so much?
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on: July 14, 2013, 07:25:03 PM
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After peaking to 228 Th/s now it's down below 189 Th/s. Anyone know why??
"Hashrate" is always really estimated hashrate. Finding blocks is a random process with fairly high variance. Based on the rate of blocks found and the current difficulty, the hashrate of the current network of miners is estimated, and usually averaged over a time period. TL;DR: There is variance, this is normal fluctuation. There was not a mass exodus of hashpower.
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2239
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Bitcoin / Pools / Re: Why has our pool luck just dropped off?
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on: July 14, 2013, 07:18:12 PM
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I don't think difficulty increasing would affect pool luck.
that's your error - finding a block is a Poisson process. Variance (actually sqrt of variance, but that's semantics) is proportional to the square root of expected blocks. Percentage variance is thus 1/sqrt(number_of_blocks) If you normally get 100 blocks in a given week, you should expect +/- 10 blocks variance (i.e., 10%). If difficulty rises and you now get 9 blocks a week, you should expect +/-3 (i.e., 33%) This.
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2240
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Economy / Speculation / Re: PRICE ROCKET!!! GET ON HOLD TIGHT AND GET READY TO DOUBLE YOUR MONEY!
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on: July 14, 2013, 06:04:57 PM
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The more expensive BTC is, the less useful it becomes.
I disagree. The price of Bitcoin has nothing to do with its use as a money transmitting vehicle. If I wanted to send $1ooo to a relative and Bitcoin was going for one million per Bitcoin then I would only need to purchase .001 Bitcoin to send it to them but if Bitcoin was only worth $100 each then I would need to purchase 10 Bitcoin. Either way they get their $1000 and at the same cost to me.
The price of Bitcoin only affects the traders and the savers
You'd need to purchase .001BTC keeping in mind the likely fee to transmit (if BTC is successful) would be at least 50% of that, or $500. At best, you could probably get an exchange willing to do internal exchanges (which'd be nothing more than internally assigning numbers, not actually trading Bitcoins), but then you still have wire and exchange fees, so why bother even using BTC as an intermediary in that case? Fees ("bid-to-transmit") are practically nothing right now because it's heavily subsidized by block rewards. Soon enough, the block reward will decrease to 12.5BTC, and fee/reward parity might be consistently achieved before then if Bitcoin continues growing its user base. Within a decade, the block reward will equal 6.25BTC. Bitcoin is currently able to get around a lot of the bandwidth/storage costs of including microtransactions by shifting it all on people who run full nodes, but there's a reason light clients and web clients are seen everywhere in the community. Running a full node is practically impossible for anyone with capped data bandwidth, and difficult for anyone with an uncapped ISP option lesser than DSL. Bitcoin's on an exponential growth trend greater than Moore's Law and subject to explosion if it should become mainstream, while the only solutions are really only to either decrease number of full nodes by increasing the amount of transactions/second (increasing the burden to run a full node, while each full node dropping off only compounds burden on those still running), or to accept the current t/s rate and allow the free market to increase fees. Once the subsidy drops off, large fees will likely be mandatory, and full nodes (if users can find one unburdened enough to connect to) may be primarily run by mining pools which won't even bother to relay microtransactions. Bitcoin has a rough road ahead of itself before it can sustain a dramatically higher price (rather, the higher volume of transactions which'd sustain it), and we don't even fully know what kinds of changes the rules and software will need to keep Bitcoin chugging along, but I doubt the days of <$.10 minimum bids for a quickly-included transaction will be here for even another year (whether that's because of an increase in number of transactions, or increase in price, or the likely combination of the two). Bitcoin simply isn't built for microtransactions, and that'll become more apparent as it continues to grow. Not true at all sir. If BTC were a million, the fees would obviously drop appropriately. Remember that the fees is NOT determined to be a fixed % but rather market driven (like almost everything else with BTC). Miners would be happy to take an equivalent of say $1 in fees per transaction irrespective of how many BTC it represents. Bitcoin will always have a lower cost of transmission than fiat just by virtue of how it is setup. With a more flexible blocksize, which may come eventually, you would be right. However, with blocks currently capped at 1MB, we can not sustain more than 7 transactions per second. This will limit the supply of block space in such a high valuation environment, thus driving up fees.
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