What about receiving wallet?

BTW I am glad this discussion is being had.  Unlikely it will all be decided in a day but Bitcoin needs its own vocabulary.  I was glad kjj agreed to modify names of RPC calls (no idea if it will ever be integrated into the mainline).

https://bitcointalk.org/index.php?topic=122345.0

As the Bitcoin "ecosystem" gets larger and more diverse, the rough edges need to get smoothed down to avoid it becoming a complicated cluster frak of jargon to the new outsider.

Very nice.  I like the slogan at the end "a Bitcoin way to pay" I guess that will be walletbit slogan/motto going forward.

Honestly I don't know.  A lot would depend on how much volume a well designed asset could generate.  Taking a stab in the dark I think 0.1% would be a good place to start.  0.2%+0.1% (issuer premium) = 0.3%.  I don't see that being prohibitive.  The market could likely support more but we won't know until someone tries.  I would be willing to beta an asset.

Memory bandwidth doesn't tell the whole story. 

gddr5 has a huge latency hundreds of clock cycles are waited when the GPU needs to pull from global memory (modern GPU do have an L1 cache to avoid needing to go to global memory but they are relatively small (8KB to 16KB).

Thus "handicap" is obvious in the scaling from CPU to GPU.

For example if we look at a high end CPU and GPU say i5 2600 vs 5970.  Typical performance on Bitcoin is something on the order of 20 MH/s vs 400 MH/s.  The GPU has roughly 20x the throughput.  On litecoin typical numbers might be more like 30kh/s vs 300 kh/s only a 10x increase in throughput.

Despite the higher bandwidth and nearly 20x the intops per second it "only" achieves 10x the troughput.   The latency on GDDR3 (which can easily run 200 to 500 clock cycles) is the bottleneck.  Note: the latency in in clock cycles so slowing the memclock makes the problem worse.  In seconds the latency increases and the clock gets turned down.  The bursty nature of the scrypt algorithm makes it difficult for the GPU to pipeline the reads and writes.   The bandwidth of a GPU might be like a dumptruck but when it takes 10 minutes to warm the dump truck up and you are only picking up a shovel full on each load you really aren't getting the max performance out of the chip.

Still lets say you are right and an ASIC core with 8GB of DDR3 is only comparable to a high end GPU at say 1/2 the electrical cost.  It would kill of GPU given enough resources devoted to development.   GDD3 is incredibly expensive, that combined with the high latency, and high energy consumption means ASICs would eventually overwhelm GPU with improved efficiency.  Now I would point out it wouldn't be this 100x performance breakthrough like on Bitcoin but given enough time, enough market value anything would be replaced with dedicated hardware.

Agreed.  Maybe reverse split isn't the optimal way to handle operating costs.  It also creates the potential for issuer abuse/manipulation if the contracts are worded unfairly.  I do encourage implementing at least "normal" splits (you could even charge the asset issuer a fee, maybe normal trade fee as an added source of revenue).

An alternative is to simply adjust the value of each share.  i.e. at inception 1 share = 1/1000th of an ounce.  If there is a 1% per quarter operating fee then after the first quarter 1 share = 1/1010th of an ounce.  This is however ugly.  It means the value of a share (in terms of how much underlying asset) is represents is constantly changing.

Another option would be to request a split of trading fees with the exchange (many traditional ETFs are partially funded this way).  That combined with arbitrage opportunities could cover operating costs.  Given the current nature of asset exchanges this may be the easiest option.  If any exchanges are interested in a revenue split drop me a PM.

Most "real" exchanges would enforce liquidation at FMV.  So in a 10:1 reverse split if someone had 116 shares they would receive 10 post split shares and BTC value for the remaining 6.   

In my instance I am looking to make a real gold trust (i.e. 50+ ounces).  To cover operating costs periodically I would perform a reverse split (i.e. a 100 to 99 reverse split would be a 1% effective fee).  Optimally the contract would cover how liquidation is handled in a reverse split.  For my contract if possible I would value liquidated shares at GOLD/BTC spot at the time of liquidation.

You aren't missing much.

Do you love inflation? 
Do you sometimes feel bad that inflation doesn't rob your Bitcoins of purchasing power? 
Wish your Bitcoins could slowly disintegrate over time?

Well your in luck, freicoin is the coin for you.

Some potential slogans:
"Freicoin: the only alt-coin with a wealth destruction feature built right in"
"Freicoin: the only thing free about it is the freedom to confiscate your wealth"
"Freicoin: 9 out of 10 central bankers choose Freicoin over Bitcoin"
"Freicoin: eventually you will disintigrate into nothing, shouldn't your money do the same?"

Note I wasn't promoting my own service (I have no connection to the link) I was just pointing out there is no need for anyone to deal with a unknown high risk, excessively high fee ripoff.  There are better established options at a fraction of the cost.

The major difference is that:
1) scrypt doesn't require that much memory.  Your 2GB graphics card has about 1.9GB sitting idle
2) scrypt doesnt't require that much memory bandwidth.  Sure it needs "fast" lookups but fast is all relative.  The latency to GPU main memory is actually pretty high.
3) scrypt can actually be made pretty hard but the creator either through malice or ignorance altered the default parameters making it barely "memory hard" (which is why GPU work as well as they do).

A FPGA with a 64 bit memory controller on a board with a DDR DIMM slot would work just fine.  Now LTC needs to grow by at least a factor of 100x+ or more before anyone is going to devote that kind of time or resources.

PSA for any noobs who might actually not know any better.

There is a long time established MP seller, who has done hundreds of orders, has lower prices, and faster delivery.

https://bitcointalk.org/index.php?topic=64805.0

Not really sure what the OP is trying to do here.   "See I got this soda.  It isn't as good as Coke, isn't as well packaged as Coke, it costs a lot more than Coke, and requires you to wait a lot longer than Coke.  You want to try it instead of Coke?"

something is "hosed up" in your drivers then.  You should have two entries in the catalyst control center on for each GPU.
In cgminer press [G] and then check the clocks for each GPU.

Windows sometimes get "weird" when you install a GPU, then switch them around, then install other one, etc.  It doesn't seem to drop the devices cleanly. 

I think it is more for benchmarking purposes.  Which phone is the most uber or something.  I can't imagine anyone is getting excited about the $0.41 per year it could earn (before ASICs arrive).

You are going to send a bank wire for ~$26?  Are you sure you know what a bank wire is?

well besides Bitcoin and Namecoin.

I have an interesting idea for an offering but I will need to periodically perform reverse splits.
(i.e. 1000 shares reverse split to 990 shares).  Do any exchanges support share splits?

No the price tag is $10M including the cryogenic system.  Obviously consumables (like liquid helium) aren't included and I would imagine it probably has a hefty maintenance cost.

The term is actually "disinflation" = falling rate of inflation.


Maybe it is.  At 22% (not unreasonable given the level of risk) $13.40 compounded over 10 years is $101.97

I would expand it to simply  ... stay away from accounts.  

I don't know anyone who has used them effectively in any enterprise.  

Why is there no possibility to make money mining.  If one already has bought a rig (or farm) and relatively low electrical costs (say <= $0.08 kWh) why would they stop?  The resale value of rigs is essentially zero especially ones built out of 5000s series GPU which have been mining non-stop for 12-24 months.

Why not keep mining?   Most miners in that situation aren't going to turn off until difficulty hits 10M+ due to the first of the ASICs hitting the network.

then 3,000 microBTC must be even better.   I will sell you some MicroBTC.  I'll give you a whole 900,000 MicroBTC for every BTC you send me.  NINE HUNDRED THOUSAND.  WOW.  Plus you can use them anywhere that takes BTC.