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1501  Economy / Speculation / Re: Well, it's settling down. Where will it go from here? on: January 18, 2012, 03:39:06 PM
Some quick math..
According to  rowit there are currently only ~30K hosts:



(and steadily going down!).

Lets assume thats 30K bitcoin users.
Also assuming all btc were available for purchase (which Im sure is not the case - yet), the market cap of the btc chain is currently ~$50M. That is $1600 on average for every user. My crystal ball says thats still way too much.

The current price level would make more sense to me if there were 10x more users doing 10x  more trade. That may or may not happen, and as long as there is hope, people will hoard coins, but currently $1 per BTC seems more reasonable to me than $10 and unless adoption begins to increase instead of decrease , even the hoarders will get out at some point.
1502  Economy / Lending / Re: [CLOSED] Loan: 250 BTC - Repay in 3~5 days via PayPal @ U$7.50 - Total: U$1890.0 on: January 18, 2012, 01:04:29 PM
Good timing 3phase Smiley
1503  Bitcoin / Mining software (miners) / Re: CGMINER miner overclock monitor fanspeed RPC in C linux/windows/osx 2.1.2 on: January 18, 2012, 12:29:01 PM
Heh, you know I tried to make --donation default but there was outrage and threats of forking cgminer and death threats. All right, perhaps not the last but the others.

I say, let them be outraged and threaten. No one is forcing them to use cgminer, no one preventing them from disabling the option. And if someone wants to fork, again, let them. Why would anyone switch to a poorly supported fork which only advantage is that you dont have to change a default setting (assuming you wouldnt want to donate) ?

FWIW, when I first tried cgminer, I wasnt opposed to donating but confused how it worked. I didnt look in to it, and kept it disabled. I bet there are lots people like that.
1504  Bitcoin / Mining software (miners) / Re: ANUBIS - a CGMINER Web Frontend on: January 18, 2012, 12:23:54 PM
Minor issue; when host IP addresses change, you can not update the settings in anubis. It will keep complaining it cant connect to the old IP, you cant delete the (old) host either. Not a big deal for me, I just updated the IP addresses in MySQL but not everyone can do that I fear.
1505  Other / Off-topic / Re: Am I Cheating? on: January 18, 2012, 08:02:16 AM
Its not cheating. The whole point of the blackout is raising awareness. If you are already aware of the issue (as I suspect most ppl on this board are), I see no harm getting the info you want from google cache.
1506  Other / Beginners & Help / Re: Stabilization? on: January 18, 2012, 07:59:52 AM
Fiat is inflationary by design (IMHO) whereas commodities are more driven by supply/demand.

Gold is inflationary too



And fiat money is valued by supply/demand just like almost anything else. The only difference is that supply is a bit weird, being mostly dependent on increasing debt levels (as opposed to government or central bank printing them as most people think).

@OP

Goods and services will only be denominated in BTC if the economy behind that good or service is mostly paid for in BTC. We are lightyears away from that, and its not even likely we will ever get there.
1507  Bitcoin / Pools / Re: [90 GH/s PPLNS] BitMinter.com *** Merged Mining! *** on: January 17, 2012, 10:52:11 PM
litecoin mining at least makes more sense than mining bitcoins with the cpu, as currently implemented in bitminter miner app. I think its an okay way to introduce people to the concept, and its nice to be able to mine several coins per hour rather than per year, even though they are close to worthless. Think of if as a testnet.

As for merged mining other coins; meh. From a miner's profit motive, its really not worth it. And to support those chains, I havent seen any one I feel like worth supporting, with the possible exception of namecoin, but thats already implemented (and not worth it anymore either from a profit POV).
1508  Economy / Speculation / Re: Here we go! on: January 17, 2012, 10:35:22 PM
I started this thread when it was $6.5
31 minutes later its $4.8 and dropping like a rock.

Three cheers for self stabilizing unregulated markets  Grin
1509  Bitcoin / Mining support / Re: 2x6970's Crashing Repeatedly with GUIMiner on: January 17, 2012, 10:04:43 PM
Sorry then, I must have misread or confused two threads. I would have sworn you mentioned gpuz.

I guess that puts us back to a cooling or power delivery problem. This might have been discussed before, but have your tried removing your case's side panel (if any) and pointing a big deskfan at it?  Just to narrow down the possible causes.
1510  Economy / Speculation / Here we go! on: January 17, 2012, 09:58:54 PM
1511  Bitcoin / Mining support / Re: 2x6970's Crashing Repeatedly with GUIMiner on: January 17, 2012, 07:31:33 PM
If you have switched the cards (and power cables), and its still the same card acting up, Id say its time for an RMA.

Im still clinging on to my hypothesis though, since you mentioned GPU-Z and afterburner, I suspect you killed the card by running 2 monitoring apps at some point, and the vcore shot through the roof. It took less than 30 minutes at 1.6v to kill my 5850. It didnt even die right away, for a week it kept running, but not very stable, far hotter than before and became ridiculously sensitive to voltage adjustments. Then it just died.
1512  Other / Alternate cryptocurrencies / Re: [ANN] RealCoin - Targeted to the IM world! on: January 17, 2012, 04:13:55 PM
Im confused. Basically all coins are premined, right? So who will mine and for what purpose? And how is that going to stand up against a 51% attack?
1513  Bitcoin / Alternative clients / Re: BitcoinSpinner on: January 17, 2012, 04:00:56 PM
IIRC, tapping the QR code copies the actual address to the clipboard. Not very intuitive, but should work for you.

Thanks for the suggestion, but nope, not on my device. Just tried it. With the screenshot app I can send the screenshot to a QR scanner which will read it. That works, but is.. well, heh clumsy Smiley.
1514  Bitcoin / Alternative clients / Re: BitcoinSpinner on: January 17, 2012, 03:54:53 PM
Already mentioned this in PM, but Ill post it here too.
Even in the latest version, I have no buttons to copy QR codes:



Its the same for backup wallet QR code, but obviously I prefer giving this example Smiley

More over, Bitcoinspinner seems unable to start up while on 2/3G. It will either crash or constantly timeout (application not responding, press wait/cancel/report).
On wifi it seems to work fine.

Im using an LG P500 with Android 2.3.3
1515  Other / Beginners & Help / Re: new miner question. on: January 17, 2012, 03:45:34 PM
Agreed with everything Epoch said. Though aftermarket cooling is usually quite pricey for a mining rig, choosing a dual fan card does not cost much extra. MSI twin frozr cards are impressively quiet in my experience (much more than the single fan Sapphire I have). Of course you can also go overboard like I did with one of my 5870s:



Mining at 40C (55C on the VRMs)  and not a whisper Smiley. But the price is fairly insane too.

Bang for buck, the Battle-Axe you see on the front card on that photo is hard to beat. I bought a few at 8 euro a piece, and they do a damn good job on my 5850s at least. If you can afford the space (triple slot cooler).
1516  Other / CPU/GPU Bitcoin mining hardware / Re: could dual power supplies cause problems with stability? on: January 17, 2012, 03:33:28 PM
On a side note:
To say powering the GPU's from two sources will invite problems is to now know the entire truth.

Thats not what I said. I specifically said powering one GPU with 2 PSUs, as that is a recepy for disaster because of voltage regulation. THere is no real problem using multiple PSUs for multiple cards, as long as no single GPU is powered by 2 PSUs
1517  Other / Beginners & Help / Re: new miner question. on: January 17, 2012, 03:10:18 PM
If you want to buy new, seems like a fair price. But FWIW, I just bought 2 used 5870s for 20BTC each (~$130 at the time) shipping included and  both still have more than a year of warranty. Also consider that slots arent free.
1518  Bitcoin / Mining software (miners) / Re: ANUBIS - a CGMINER Web Frontend on: January 17, 2012, 03:05:55 PM
IN the meanwhile, you can have the page refreshed easily by installing this:
https://addons.mozilla.org/en-US/firefox/addon/reloadevery/
1519  Economy / Service Announcements / Re: [ANN] BitcoinSpinner on: January 17, 2012, 10:40:35 AM
Sorry to say, but still no copy to clipboard button on my phone.

edit: wrong thread, but point still stands Smiley
1520  Economy / Lending / Re: Need $1000 in BTC loan for car transport URGENT on: January 17, 2012, 10:37:57 AM
Do I get this right; your mother doesnt trust you will come up with the money, but we should? Thanks but no thanks
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