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141  Economy / Marketplace / Re: MtGox, Secure? on: June 16, 2011, 11:09:28 PM
With all respect, if somebody uses your password to steal your money, it's not about service security but about user stupidity.

I'm absolutely not saying that it is not a crime or that people like that should not be tracked and so on. I just don't think it's anyhow related to how secure exchange is.
142  Other / Archival / Re: Pictures of your mining rigs! on: June 16, 2011, 10:38:58 PM
Another piece of my mining rig is about to be mounted



5870 is for size reference here.


hahahhahah Cheesy awesome
143  Bitcoin / Bitcoin Discussion / Re: Someone is Jobbing this Market on: June 16, 2011, 09:09:45 PM
Somebody is selling a lot in dark pool just below $20 stopping price from going up. It does not swing very much down also because there's another big dark at $18.

Yes, compared to 30% value swings that looks  But AFAIR remember week ago everybody was begging for stabilization.
144  Other / Archival / Re: Pictures of your mining rigs! on: June 13, 2011, 01:29:04 PM


a bunch of 5870 cards in DC3, to be deployed soon... i.e. this rig is a work in progress  Grin

That's more than 20GH/s. Kinda cool. Unless of course, somebody is forced to be in the same room as miners.
145  Bitcoin / Hardware / Re: Official Open Source FPGA Bitcoin Miner (Smaller Devices Now Supported!) on: June 11, 2011, 08:40:18 PM
I don't feel like doing this since it's not mine, but it would be really cool to put xilinx implementation on github too so that people can fork it for different boards optimizations and improve easily with pull requests. If, of course, they want to share their changes.
146  Bitcoin / Hardware / Re: Will fund ASIC board for mining community. Need Hardware devs. on: June 11, 2011, 12:18:36 PM
I would just like to repeat here, that for the sake of safety of our money it would be really nice to build into protocol hashing based not only on sha256, but maybe 2-3 other algorithms. This makes bitcoins much much safer. It could start at block number 300k or something like that.

It would of course make ASICs quite useless (unless somebody produce them for this new version).

Somebody selling hardware dedicated just for mining is inevitable with bitcoin growth, so this is one of the last moments for such a big change (we don't want blockchain splits because of miners that invested a lot in ASICs later on). Such change could make bitcoin solid as a rock. Even broken sha256 would not be a threat.
147  Economy / Economics / Re: Bitcoin will never be as good as gold and why ultimatly it will fail. on: June 08, 2011, 11:07:38 PM
Why hasn't anyone addressed the issues I raised? nobody has refuted anything, some of the replies appear that some of the posters have not read anything I have written like the first poster who just blurted out that it is far too early to sell at $30 and a recent poster here simply showed annoyance and and suggested that a subforum be created for those who wish to post information on why bitcoin will fail.

Is everyone trying to 'keep the faith'?

I didnt mean to be rude. It's just that when you google or search on the forum, you will discover there were many discussions closely related to what you have wrote. I don't say it's easy to find it, there is a lot of content on forum, but when you read it for some time it gets boring - yet another click with a hope that maybe that guy nailed it, wrote some constructive argument that haven't been discussed on why bitcoin will fail. And then it's yet another "oh no, only 21M", "oh no, another p2p currency will come"

Once again, no offence, I like your post in the way that it provides some kind of let's say reasonable arguments, I just meant for real that maybe separation would help, you would just look in the subforum and then maybe you would reply in some other thread where OP was having similar thoughts as you.
148  Bitcoin / Bitcoin Discussion / Re: MtGox Live - live trades, price resistances and market rates on: June 08, 2011, 10:39:26 PM
- added 'single axis' as an option to get rid of the USD axis ( http://mtgoxlive.com/orders?oneaxis )
- moved to mtgoxlive.com

You are a rockstar! Thanks a lot.
149  Economy / Economics / Re: Bitcoin will never be as good as gold and why ultimatly it will fail. on: June 08, 2011, 10:33:55 PM
I propose new dedicated subforum inside "Economy": "Why I think it's gonna fail", that would make reading forum much easier.
150  Bitcoin / Bitcoin Discussion / Re: MtGox Live - live trades, price resistances and market rates on: June 08, 2011, 07:58:58 AM
Maybe it would look less sexy, but I think it would be great to have market depth ask and bids on the same scale.
151  Economy / Marketplace / Re: BitcoinCashout.com - Discussion on: June 07, 2011, 01:23:01 AM
I've sent bitcoins week ago. Checking order status gives blank page. Also haven't got any response to my e-mail.

Scam or just a poor service?

You have never sent an email.  Ask any of our customers. We answer within 24 hours.  Contact us through the appropriate channels. Also,  it's a little fishy you would post a WEEK later when our site clearly states that if you order outside of business hours you will get it in the morning processing.  Additionally most payments are processed within 1-2 hours during business hours and ALL orders are processed on the day they are received during business hours.

I'm glad it's the latter.

Actually yes, I've never sent you an e-mail, I was using contact form on your website (I'm a bit disappointed if you never received what I typed in there). So how can I check my order status? When entering order number and pressing submit I only see a blank page.
152  Economy / Marketplace / Re: BitcoinCashout.com - Discussion on: June 06, 2011, 11:46:17 PM
I've sent bitcoins week ago. Checking order status gives blank page. Also haven't got any response to my e-mail.

Scam or just a poor service?
153  Bitcoin / Hardware / Re: FPGA Inflection Point on: June 02, 2011, 08:52:29 PM
Quote
The wife's not a fan.

Big deal. You probably have plenty of fans in the spare parts bins...

And they blow whenever you want them to...
154  Economy / Economics / Re: MtGox fee to high? (0.65%) on: June 02, 2011, 08:45:52 PM
every time ther is traded 100 btc they earn 0.65 btc.
and there has been trading for around 96461 the last 2 days. it gives them 626 btc in fees in the last 2 days.
 
what do you think?

Actually I think it's twice that (1252BTC) because afaik 0.65% is taken from both sides (and for some kind of withdrawals possibly some % too). But I don't have any problem with that because:

  • you can easily code another market, convince people to use it and profit
  • you need to be aware however that one day, some goverment may ask you if you have <whatever is needed> and paid <whatever they want> for doing <whatever they think you should not>
  • not only gov, but any kind hacker can win quite a bit of a bounty if he gets on that server full of private keys, and that's a lot of risk
  • even though MagicalTux got Mt.Gox when it was already functional he still is an early adopter, I would like to own it now, but I would never thought of getting all these problems for myself, so it was like bitcoin - high risk and much to win
  • and he was in right place and right time with well earned knowledge and experience that were needed here

One thing I have mixed feelings about are dark pools. Knowing them gives one opportunity to earn a lot on trading bitcoins, especially that mtgox pretty much dictates current price.
155  Bitcoin / Hardware / Re: FPGA Inflection Point on: June 02, 2011, 05:01:17 PM
One thing that was not included in calculations, is that for GPUs, it does not scale all that easily. Space for boxes is not a big issue, but cooling installation takes some money, and keeping it cool also costs some elecricity. I dont have enough knowledge to give you reliable estimations, but it's really not that easy to keep room cool with even 10 of such boxes.

Also, I believe FPGA solutions are still immature at the moment, and cost of it will go down. For cost comparison to be more useful it would be nice to include more details about FPGA cost as you did for GPU setup.

And thanks for nice comparison.
156  Bitcoin / Bitcoin Technical Support / Re: LOTS of connection problems for everyone! on: May 25, 2011, 08:20:56 PM
I have an old client (0.3.15) running all time and lately I noticed lower number of connections too. (I don't want to make up a number but I guess default was Cool, at the moment I have 5 connections, and yesterday it was just 1.
157  Economy / Economics / Re: BitCoin Death Knell? on: May 23, 2011, 05:12:08 PM
Net Worth = 0.10    Hah, "Net" worth

Nice sig, OP.
158  Bitcoin / Bitcoin Discussion / Re: #bitcoin-cabal: small channel, troll-free zone! [0.25 BTC to join] on: May 21, 2011, 01:32:30 AM
Forgive me if this is off topic, but this gave me a related idea...

Create a channel that anybody can join, but nobody can talk (by default). In order to speak, you must pay. I'm thinking something like 0.0001 BTC per character (off the top of my head). To do this, you message gribble and it gives you an address, you send some coins there and they are on your account.

edit... Heck, I just realized that since it's the same gribble across all channels, then the channel can be invite only, and you have to pay to join as well.

But if it's to avoid trolling, why stop people from just joining?
159  Other / Obsolete (selling) / Re: Selling Namecoins for BTC (Volume Pricing) on: May 14, 2011, 08:49:39 PM
Just bought some namecoins Quick transaction, no problems.
160  Bitcoin / Bitcoin Discussion / Re: Idea for the Bitcoin killer app on: April 20, 2011, 03:30:49 AM
I am the proud owner of easybitcoin.com.  If someone here has programming skills and wants to collaborate let me know!

Don't be too proud.

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