Bitcoin Forum
May 17, 2024, 04:59:42 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 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 ... 135 »
1641  Bitcoin / Hardware / Re: Avalon ASIC users thread on: August 15, 2013, 02:54:38 PM
Ive lost about 1GH on the latest firmware(20130814)... After 9h, my avg hashrate reports only 82000, previously it was about 83000.
Avy previously seemed to stay between 350-360, now it looks like it hardly gets above 350 =(

This is at nighttime too, when temps are 25, 36, 38C - Batch2

Do like the % changes to miner.php tho =)

Any reason for hashrate loss conman? Was there a change in autoclock algo?
No, I fixed a major latency issue, along with potential for duplicate shares (which would only show up as rejects). It's always hard to sell something that looks slower on the surface...
So, although slower, its working more effeciently? ... hence being better utilized .. hence a bit faster? =)
1642  Bitcoin / Hardware / Re: Avalon ASIC users thread on: August 15, 2013, 02:45:50 PM
Ive lost about 1GH on the latest firmware(20130814)... After 9h, my avg hashrate reports only 82000, previously it was about 83000.
Avy previously seemed to stay between 350-360, now it looks like it hardly gets above 350 =(

This is at nighttime too, when temps are 25, 36, 38C - Batch2

Do like the % changes to miner.php tho =)

Any reason for hashrate loss conman? Was there a change in autoclock algo?
1643  Bitcoin / Press / Re: 2013-08-14 Google confirms Android flaw that led to Bitcoin theft on: August 15, 2013, 05:42:49 AM
I had a feeling that a side effect of Bitcoin would be a more secure net (computing) in general. That's kind of what I'm taking away from this article.

Yeahp, I took that away too =)
1644  Bitcoin / Press / Re: 2013-08-12 Vancouver businesses jump on the Bitcoin bandwagon on: August 14, 2013, 07:09:21 PM
Its really exciting to cities at a time start to embrace bitcoin on the physical store font business aspect! Way to go vancouver. I know coinmap.org shows over 40 places around vancouver alone... Im sure there are more too!
1645  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 06:07:09 PM
Quote

There are no associated costs 'cos i can't spend it anywhere.  It would be doubly absurd if there were costs for that.  Fiat existed long before ATMs and electronic transactions.  Those things are just a bonus, an extra-added feature, inessential to fiat.  Get it?  

inessential? ... you kidding me?! You take away ATM's and electronic payment and all the sudden 70% of the economy wont know how to function anymore.

The really stupid 70%.  The rest of us will use wallets, write checks, bank online, use credit cards etc.  My, you're stubborn.

Quote
Thats how brainwashed the banking system has gotten people.
Its like taking away electricity... nearly 80% of people would just die.

Maybe, but one thing for certain -- bitcoin would certainly die Cheesy

Quote
My point is: this day in age, ATM's and electronic stuff is quite essential alongside fiat.


Sure, electronics are essential, though ATMs are only convenient.

Well, weve gotten quite off topic .. Im tired of going back n forth on something we both know =P haha
Yes, Im stubborn =)
1646  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:50:41 PM
Quote

There are no associated costs 'cos i can't spend it anywhere.  It would be doubly absurd if there were costs for that.  Fiat existed long before ATMs and electronic transactions.  Those things are just a bonus, an extra-added feature, inessential to fiat.  Get it?  

inessential? ... you kidding me?! You take away ATM's and electronic payment and all the sudden 70% of the economy wont know how to function anymore. Thats how brainwashed the banking system has gotten people.
Its like taking away electricity... nearly 80% of people would just die.

My point is: this day in age, ATM's and electronic stuff is quite essential alongside fiat.
1647  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:45:28 PM

So you think bitcoins are valuated by the energy wasted on hashing?  Would their value go up if i figure out a *less* efficient way of hashing? Cheesy

It will only raise the cost of YOUR mined coin, not others, it is a free market competition



You are paying the ATM costs.

No, I don't pay a dime when I withdraw from ATMs, and they take out a fee only when you withdraw abroad. I tends to believe this is the biggest effort they created to advertise the easy of use of their worthless money

When you bank, the fees you pay ... pay for these costs in an indirect way. Sure, you dont pay when you actually withdraw ... banks have become masters of deceit. Someone somewhere ends up paying. When its you that does end up paying fees, you are that "someone / somewhere"
1648  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:33:15 PM
Im talking about the electricity needed to keep the banks running. The Logistical infrastructure behind fiat uses way more power. Hell I bet ATM's alone use more power than miners do on a global scale.

Jeez, if course they do! And then some!! London's ATMs probably consume more than the entire global Bitcoin mining community, without the payment processing involved!

LOL, that was my point =) ... and why the argument  "bitcoin - its just wasting power" ...is a stupid one.
Its like the same argument "well bitcoin is just fake money" .... "um...what do you think fiat is?" lol

Fiat requires no energy.  It's called paper money.  Try that with bitcoin & see how far you get.
The energy currently used up by bitcoin on infrastructure supports a wholly useless infrastructure -- try shopping with BTC IRL.


How do you think paper money is made - it takes energy....
Really when you think about it, any form of "money" requires some form of "energy" to exist & be used.

Yes, i'll grant you that, paper money takes a miniscule amount of energy to print, but once that's done, other than reaching into my wallet, no energy is used for transactions at the physical note level.  Not the case with BTC.  Now you're just being stubborn. Angry

What about the energy it took to get that physical note into your wallet. Costs of transportation, security & storage of physical notes can really start to add up.
And just think....bitcoin does this simultaneously while being the ATM as well!
With bitcoin, you dont NEED all these infrastructure systems built around it that have a shit ton of additional cost(that inevitably ends up costing customers more). Rather, you have a core infrastructure that functions at a simplistic level to carry out nearly all those functions. Because of its simplicity, its very effecient comparatively.
1649  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:30:28 PM
Your counter arguments for how many people use fiat vs bitcoin...kinda is besides the point. We all know that already. Also, I think it would put it into more accurate perspective for you if you thought of it like this:
NOT how much of the world IS using bitcoin

but rather,

HOW accessible is bitcoin to everyone worldwide, therefore how useful CAN it BECOME worldwide.

The answer to that is, way beyond the usefulness of multiple, fragmented, corrupt, fiat systems.

So, when looking at it that way, the power in use behind bitcoins infrastructure is way more effecient & useful than the horrible fiat financial systems of today.

People just dont realize it .... YET....
1650  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:23:03 PM
Im talking about the electricity needed to keep the banks running. The Logistical infrastructure behind fiat uses way more power. Hell I bet ATM's alone use more power than miners do on a global scale.

Jeez, if course they do! And then some!! London's ATMs probably consume more than the entire global Bitcoin mining community, without the payment processing involved!

LOL, that was my point =) ... and why the argument  "bitcoin - its just wasting power" ...is a stupid one.
Its like the same argument "well bitcoin is just fake money" .... "um...what do you think fiat is?" lol

Fiat requires no energy.  It's called paper money.  Try that with bitcoin & see how far you get.
The energy currently used up by bitcoin on infrastructure supports a wholly useless infrastructure -- try shopping with BTC IRL.


How do you think paper money is made - it takes energy....
Really when you think about it, any form of "money" requires some form of "energy" to exist & be used.
1651  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:21:52 PM
Im talking about the electricity needed to keep the banks running. The Logistical infrastructure behind fiat uses way more power. Hell I bet ATM's alone use more power than miners do on a global scale.

All the banks in the world?!  Or per-person?  Please, post some data to back up what you say.

I dont get what you're so caught up on....

As per wiki, theres roughly 2.2million ATM's worldwide, given they use close to 230watts a piece(as per data on an ATM provided on suppliers website) thats about 500million watts.

If all bitcoin hashrate(350Thash) were avalons @ 83gh (750watts) .. the end result is around 3million watts.
1652  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:13:51 PM
Im talking about the electricity needed to keep the banks running. The Logistical infrastructure behind fiat uses way more power. Hell I bet ATM's alone use more power than miners do on a global scale.

Jeez, if course they do! And then some!! London's ATMs probably consume more than the entire global Bitcoin mining community, without the payment processing involved!

LOL, that was my point =) ... and why the argument  "bitcoin - its just wasting power" ...is a stupid one.
Its like the same argument "well bitcoin is just fake money" .... "um...what do you think fiat is?" lol
1653  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:09:40 PM
Im talking about the electricity needed to keep the banks running. The Logistical infrastructure behind fiat uses way more power. Hell I bet ATM's alone use more power than miners do on a global scale.
1654  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 05:06:36 PM
Next up will be the government or governments coming into these mining corps, demanding or bribing them into ownership and next thing we know.... we got the government once again controlling the financial sector from within =P

That would be hilarious & sad at the same fucking time. We know the true colors of said government...but when the above happens, we realize the true colors of the mining corps.
Like we already dont =P but just shows how fucking evil they are. They dont care about crypto-currency, they just wanna make a shit ton of money & they wouldnt care to sell out of the offering was good enough. Fucking pisses me off, this is why I want mining to remain in garages for hobbyists. Its much more difficult for the government to convince hundreds of thousands of garage miners to sell out then it is for a single mining corp that holds tons of hashrate.

Truth of the matter is, centralized mining is just bad on all fronts for a "decentralized currency" .. unfortunately its inevitable =(
And whos to fucking blame? once again... the ASIC suppliers and their insane price gouging tactics.

I think mining will mostly become distributed because of electricity and heat concerns, ASICminer's operation can not scale just because of these

A future with multiple mining companies each have their nuclear power plant in antarctica... how to prevent bitcoin from causing global warming??  Grin Grin Grin

Lol, but seriously Bitcoin still uses the tiniest amount of power in relation to fiat and payment processing with all the intermediaries concerned. But I want to see more renewables being used to power Bitcoin!

I was gonna say the same thing. When you think about the fiat infrastructure combined...uses a shit ton more power than bitcoin will for quite some time. I love throwing this point back in peoples faces who are like "yeah but bitcoin is such a waste of power...."
1655  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 04:31:15 PM
Next up will be the government or governments coming into these mining corps, demanding or bribing them into ownership and next thing we know.... we got the government once again controlling the financial sector from within =P

That would be hilarious & sad at the same fucking time. We know the true colors of said government...but when the above happens, we realize the true colors of the mining corps.
Like we already dont =P but just shows how fucking evil they are. They dont care about crypto-currency, they just wanna make a shit ton of money & they wouldnt care to sell out of the offering was good enough. Fucking pisses me off, this is why I want mining to remain in garages for hobbyists. Its much more difficult for the government to convince hundreds of thousands of garage miners to sell out then it is for a single mining corp that holds tons of hashrate.

Truth of the matter is, centralized mining is just bad on all fronts for a "decentralized currency" .. unfortunately its inevitable =(
And whos to fucking blame? once again... the ASIC suppliers and their insane price gouging tactics.
1656  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 03:03:46 PM
 Mining will become a zero sum game sooner than anyone is willing to admit, so the primary reason for adoption (profit) goes away.  This means the network is only running and growing because people can continue to profit from it.  When that goes away...


That is true, but you do have to remember ... that really will never go away. Bitcoin is interesting because no matter the price, theres always potential to make profit from mining and thats what keeps people in the game... but, as I explained previously, in the ASIC era, its an illusion, because many havent realized yet that what you make today in profit from ASICs will need to be saved to buy tomorrows ASICs.
When profits diminish people stop mining, diff drops & at some point settles to where it becomes profitable again, then thats when you have a huge surge of people getting back into mining.
Its kinda cool how that aspect works.... its designed perfectly to work w/ human greed and its that in of itself which keeps demand for mining alive over long period of time.
1657  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 02:55:42 PM
What I wish would happen ... would be an honest ASIC supplier who prices according to their costs and comes out and says "ok, this is our price no matter the diff, its x% above our cost to make"
Cost per piece w/ initial cost of mask & R&D .. prorated over every piece. I dont know w/e you guys get my point.
An honest fucking ASIC supplier would be nice.

Im willin to bet bitfury initial costs were paid for in the 100th machine. Its insane for them to charge 25k on a 400GH machine for "the rest of us miners" ... that damn thing probably cost like 1000$ .. hell probably not even that.

Bitcoin mining landscape will eventually look just like the banking industry. A select few mining corps control significant hashing power and can decide to do w/e they want with it. I hate the thought of centralized mining...but thats where its headed. Its not the ASICs thats what to blame. Its the suppliers who are at fault because they werent willing to keep the ASICs available to everyone(because of insanely high up front cost requirements as I mentioned in my first post in this topic)
1658  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 12, 2013, 02:49:38 PM
P4man said 2 years ago that no one except the vendors and some early adopters would make a profit out of ASIC.

Yet people are still placing orders for the old AM blades that are pretty much guaranteed to not pay for themselves.  What a racket.


I think ASICMINER is at least helping (slowly) put people in check with what they are selling their gear for..  people wanting gold bars for BFL equipment on hand is nuts..

keep prices in check?! your kidding right. They are the ones selling hardware way overpriced as well, just so they can easily keep adding to their network hashrate. Its the perfect model and unfortunate. Have people fund your operation up front, hold a huge portion of the network hashrate then keep the illusion of hope for miners by releasing overpriced hardware to them... just to keep funding their own operation in keeping 1/3rd the network hashrate. Its like saying "yeah Ill pay you to ensure that I will never make ROI... take my money!" Wish people would wake up and stop fueling the giant.
1659  Bitcoin / Hardware / Re: laughted at me when I said ASIC companies are manipulating you on: August 11, 2013, 08:43:22 PM
yeah, you are completely correct mmitech. Ive been stating nearly the same thing in several IRC chats for months now.

ASIC suppliers are the only ones who are doing the real profit in the bitcoin "ASIC ERA"

They know that if price of BTC is up & diff is reasonably low comparably, people will be willing to shovel tons of money into an ASIC so the suppliers just pin a high pricetag on them, making bank on the customer.
They know that if price of BTC is down & diff is still pretty high, the demand for hardware drops significantly and therefore the suppliers will drop price accordingly but still make a decent profit off customer.

The perfect example of this for all to see in clear daylight is bitfury USA's price structure on their preorders. The AUG preorders costing 2.5x more than OCT preorders ... those ASICs still cost them the same to make no matter if AUG or OCT...so they are just ripping the fuckall off the customer and laughing at the arms race the miners are creating for themselves against diff.

This is the downside of having bitcoin-only ASIC suppliers who have no other business. They change price based on demand. So not only do you have the miners in competition w/ each other based on a fixed price for hardware no matter the diff / price (like GPU's) ... now you have the companies who supply the hardware in competition w/ all sectors of the ASIC era.

Thats why I liked GPU's... AMD didnt give a fuck about bitcoin , hence they didnt price there GPU's according to the demand in bitcoin mining. So, every miner had equal chance in GPU era. In ASIC era, it all depends on the customer whos willing to risk the most to come out on top, by giving a shit ton of money to ASIC suppliers which is an unfair advantage to hobby miners.

In the end what this really comes down too is ASIC suppliers pricing future hardware so close to possible profits, that miners wont actually make any profit because they will simply be saving up a stack of BTC w/ current hardware just to afford the next gen ASIC hardware... and this will simply keep happening over and over. Only when one decides to stop mining can they take their BTC & cashout.

I look at what my avy batch 2 makes....basically to afford any hardware at this point in time, I would have to cash out any profit my avy made & thensome for a faster hasher that will suffer the same fate.
In the end it really sucks for us miners when the suppliers will price stuff exactly in this manner.

They know what to charge to make bank off us and keep the illusion alive that we have a chance of making profit =P ... when all we are doing is saving up to buy yet again more hardware from the suppliers...generation after generation.
1660  Economy / Computer hardware / Re: WTS: Various GPU's & mining components... on: August 11, 2013, 12:03:13 AM
7870 does around 500mh/s .. have not tested it on scrypt but should do 450-500kh/s Im guessing. Ya can find out from other 7870xt threads =)

The CPU.. Im not sure will have to find out for ya. Im pretty sure its a phenom II based X3..
Pages: « 1 ... 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 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 ... 135 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!