Thanks! How long does it take to recieve? Nothing has shown up in my client.
you have to wait for all the others clients in the network validated that transaction :-|, with 0.01 BTC will take like ~30 min. This is not right. You see transactions as 0/unconfirmed before they even get in a block, it's roughly instantaneous. You don't see this one because you don't have all the blocks yet.
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Cool, I played deuces wild for quite a while on .1BTC. Works well.
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How many blocks on the status bar of my client must show before I typically get a Bitcoin. I'm on 109473 at the moment.
Using a CPU will get you 50BTC about once a decade at the current difficulty. Most miners now are using GPUs and are in pools to get small amounts frequently instead of an occasional complete reward. Check out the mining section for more info.
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This site is starting to annoy me: www.bitcoinpoker.netI don't believe that they have any plans to make a poker site. I think he is just cyber squatting the domain name in the hope of making a quick buck off it. I wonder if he will take Bitcoins for it? I think my weekend project will be to setup a site just for fun. Any interest here? A poker site? Yes there is interest.
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Another plan might be to make it wider than a bitcoin merchandise engine, like everything bitcoin to get people using it and then charge merchants either for placement in a shopping section or at the top whenever they would be relevant. Just throwing things out.
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Seems like a good idea. Don't forget though that people won't want to pay much until you have lots of eyeballs and you won't get eyeballs until you have something to search through. I don't know what model is best, but you might give a free month or something. People are going to be more likely to get a list and give it to you if they get something for free and then more likely to keep paying if it gets them some traffic/sales and won't require anything but payment to keep going.
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50% of the fee goes to the miner that solves the block. 50% goes to the miner that solves the next block. This way, txfees approach the cost including a transaction x2.
The miner covers his tx inclusion costs by including transactions with fees that are at least double the cost of inclusion and the profits from the half the fees collected in the previous block.
problem solved?
What would it change, really? Mining will be profitable, absent block rewards. The 50% from the previous block acts as a kind of replacement for the block reward. I think the passing forward will eventually happen. Imagine the future with no fixed block reward. A block with a bunch of fees is found and hardly any fee tx remain. There is not much reason to build on that block even though the block finder and the recipients of transactions in those bocks would like you to, I think a fee will be paid. When I thought about this before I thought the equilibrium would be 50% under the assumptions I was using. I don't understand this at all. Fee sharing doesn't change the dynamics, nor increase the likely total fees, of transactions. It's just wealth transfer serving no obvious purpose. It doesn't make sense as long as people still follow the rule of "build off of whichever version of a block you see first", but if some people stop doing that then some possibilities open up. Imaging the slow version was offering the finder of the bock who built on top of it 1BTC. Why not switch over once you get the slow block? This could move the slow blocks chance of staying from 5% to 50% if half of miners were looking for this and it would be well worth it to pay that 1BTC. Once something like this is in place you have the option of working on the current block which has very few fees in it or redoing the previous block to get all those fees and paying people to work on yours instead. If the offering you'll need to pay (just enough to outbid the other finder) is less than the extra fees then this is what you do. I don't think people will keep working on old blocks and waste a ton of work, I think an equilibrium fee of about half the average fees in a block will emerge. At half there is no incentive to work on an old block because you'll have to pay more than half to outbid the other guy who is making the standard offering. I think this is cool because your tx fee would now indirectly go to pay for more and more work getting piled on instead of just the one block of work as it is now.
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Isn't the minimum fee just a default setting too? Won't people mod around that just as easily as the oldest first rule? Or do you mean to make the default client consider blocks with tx that have less than the minimum fee invalid?
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I heard your mother charges a minimum fee.
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OK, maybe it'll take me more than an hour or two. Though after looking at this for a short while, I think it would be easier to add this to Block Explorer.
Just make a new block explorer. It's a really nice thing to have, would suck if it went down even for a little while. Good to have another.
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I'm in for 3BTC if it tracks BitcoinDays over time and updates with each block. Good for a month.
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If bitcoins that have been held for a long time actually cost more to spend, then there's no need to create an artificial storage cost. Miners can simply charge higher transaction fees for older coins.
That's what I meant.
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50% of the fee goes to the miner that solves the block. 50% goes to the miner that solves the next block. This way, txfees approach the cost including a transaction x2.
The miner covers his tx inclusion costs by including transactions with fees that are at least double the cost of inclusion and the profits from the half the fees collected in the previous block.
problem solved?
What would it change, really? Mining will be profitable, absent block rewards. The 50% from the previous block acts as a kind of replacement for the block reward. I think the passing forward will eventually happen. Imagine the future with no fixed block reward. A block with a bunch of fees is found and hardly any fee tx remain. There is not much reason to build on that block even though the block finder and the recipients of transactions in those bocks would like you to, I think a fee will be paid. When I thought about this before I thought the equilibrium would be 50% under the assumptions I was using.
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Okay, sorry for the hostility.
There is a sense in which is already baked in. Miners can 'charge' whatever they want based on whatever they want. It isn't unreasonable that they could require higher payment for tx with dependencies that were way back in the archives, right? Is it actually a tiny bit costlier to look farther back?
Even if there isn't extra costs, miners can still charge for it if they think that is a good idea.
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I'm sure that an exception can be added to the demurrage fee system for the genesis block, so that Satoshi can keep his legacy intact for this heirs.
Fuck that. Somehow you realize it's shitty to do to him, but not the rest of us? I don't think that it's "shitty", just that the genesis block is unique. whatever, all my coins are unique and i'm not running anything that takes them for being old.
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you will be able to make and fund a bunch of instawallets a lot faster.
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Audio isn't great, but I can hear and understand.
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I'm sure that an exception can be added to the demurrage fee system for the genesis block, so that Satoshi can keep his legacy intact for this heirs.
Fuck that. Somehow you realize it's shitty to do to him, but not the rest of us?
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I am interested in this.
The offers make me think I don't understand though.
Are the prices really in BTC? Why is 19.8667 the price for the option to buy 10BTC for $1? They all seem wrong like this.
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Do you think the distribution will flatten out or bunch up?
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