1. How much do you pay for Gas? Is that what it really costs though? Buying Oil on the Spot Market would be way cheaper for you. What determines the prices at the spot market? All the 'farmers' agree to a price they are willing to accept in payment for their work. What does the the 'broker' who paid these rates charge? I have no idea what you are saying here. That essentially pirate sold long term mining contracts? Seems unlikely at those prices, but even if, the obvious way to to fulfill his part of the contract would be on his own pool, rather than redirecting hashes through a massive proxy. So much easier, no middle men, etc. He could also increase his profits many fold by lowering his price to something like 120% PPS. ABC pool seems to do pretty nicely with 97%. 2. Leased Computing Power paid in BTC to miners but contracted in USD from one of the largest distributed computing project in existence. I dont even think its possible to do anything with our mining shares other than create blocks, but even if this were possible, you would expect to see a non trivial change in the networks hashrate depending on whether gpumax is running or not. This isnt the case, ergo, those shares are used to produce bitcoin blocks. 3. Let us suppose Pirate controls 40K BTC in his account and pays 1% per day of 400 BTC back out to those investors. Now lets suppose he makes 2% per day off of those 40K BTC. How many BTC are created each day? 7,200 or so. So all he needs to get is 800 BTC of those per day on average to pay 1% to others and 1% to himself. But he would need to know where the blocks are going to hit. hmm...
What are the odds of accidentally calling the Pool and time of the next block to the minute? nah, nvm couldn't happen. But, hedging markets could net some 800 BTC if done appropriately. again, Im not following. Care to explain? I will tell you what I do know. Anyone with 5K BTC or more that wanted to invest with Pirate would know who he was, where he was, how his model works And yet Ive not seen anyone claim to know that. Have you? I dont mean anyone spilling the beans, but just saying he knows the answers and therefore decided to invest. All Ive seen is people guessing and/or not caring and just relying on his trackrecord. |
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Welke gebruik je zelf als ik vragen mag?
Geen. Mja, ik heb ooit een paar btc gekocht via OTC, dus van een particulier. |
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I can only think of one "team" this would be valuable to. So to me it makes sense there is only one and they run everything themselves. In fact it's the only way I see it actually working for it's intended purpose (increased security) When you have to constantly work through others (renting p2p or through other pool) it becomes less anon and more risky (scams) , rather than just set up some sites that eventually will run mostly automated and you are in control of everything yourself. As long as you have the skills to set up a site like that.
Why go through all that trouble? If you think its too much hassle or risk to pay Giga and a few other large miners once a week, then set up a pool (a real pool, running its own bitcoind) and pay your miners 150% PPS. Get hashes from anyone who wants to, and you get the purest cleanest self mined coins and its oh so much easier than what GPUmax does. There is not even any need to pay 150%, most miners will happily take 110 or 120%. I do agree with the "team" thing tho. It does seem likely that whoever is paying for those shares is either really close to Pirate or Pirate himself. Thats the only reason I can think off why that person would not buy hashes any place else. |
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First, as to why someone would buy shares at gpumax.
Say they really don't want their transactions followed. I can't think of a better way than to trade "tainted" coins for freshly minted ones. ( Lets assume coins are tainted via willing trade rather than stealing or other victim crimes. )
But why do it this way rather than other "laundering" methods. Well if volume is big enough the fees will be huge. You also have to trust whoever the launderer is. You have to trust lots of different site or pool operators with your coins all the time and that their system actually works along with a few other things. Can't just buy shares at other pools because the volume is so big (do others even accept btc?) . So rather you just offer a really high buy price to get more volume. Keep in mind your main concern is volume more than price per bitcoin. It could take so long to cash out you lose more in volatility than "overpaying" for shares. It seems buyers outnumber miners on average for gpumax. I might believe this if I saw it elsewhere besides gpumax. The volume argument doesnt make much sense. There are plenty of opportunities to rent big farms, Ive not seen anyone pay anything like gpumax prices. You think someone like GigaVPS would say no to an offer to buy his hashes perpetually at "only" 130%? But if someone is reading this, I got 50+GH available for rent with far lower stales and issues than GPUmax for a 50% lower surcharge. Im not kidding, I can provide that. And yet no one will take it. Why? As for the savings and trust. I don't really know. Someone with control over a few hundred thousand USD worth of BTC could surely make good money. We know he has the programming skills to make a site like gpumax, it's not unreasonable to assume he has arb bots or other ways to exploit the market with his holdings. Yes it is unreasonable to just assume that. All the other arbitration bots have proven to be scams. You wouldnt need that kind of coins for it anyway. |
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IThere are many ways Pirate can pay what he pays in a limited economy. Which this is. Why do people like to jump to the negative reasons rather than the possibilities? People outsmart themselves often.
If there are so many ways, why dont you list some ways that explain why what pirate does is more profitable than borrow money from a bank and buying coins with it? Assuming he'd even still need to borrow , at this point one would expect Pirate to have earned enough to finance his own operation without needing external capital. I dont see his requirements for external capital diminishing though, he seems to need ever more which by itself should raise red flags. If whatever he does is indeed profitable youd expect by now he'd need less capital to finance whatever he is doing. The same goes for GPUmax. Im sure you will say there are many reasons people will pay 150%, but I dont see them; even laundering coins wouldnt yield those kinds of returns, particularly not for bitcoins which are inherently difficult to trace. More importantly, I dont see anyone offering anything remotely close to those prices anywhere else besides gpumax. FWIW I just auctioned off 1M shares, were people falling over themselves to buy them at 150% ? Nope. They bid roughly what they are worth. Why would someone, anyone prefer to buy them at gpumax for 50% more? Im all for not accusing anyone of scamming without proof, but there is a sticky "Trust no one" on this forum for a reason. When something sounds too good to be true, its not unreasonable to contemplate the possibility it is indeed not true. Maybe there is a business model behind it that Im too stupid to figure out, but until someone gives me a credible explanation, Id rather distrust pirate then my own ability to reason. |
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if anything is scientific fact (not theory) i will believe in it,
That makes no sense. Theories is just about the only thing science has to offer. Maybe you meant to say hypothesis instead? In science once a hypothesis is tested and validated, it becomes a theory. It doesnt get much better than a theory. Gravity is a theory, not a scientific fact. Scientific facts dont attempt to explain anything, a fact is little more than a repeatable observation. Believing only in scientific facts, is like only believing what you see, but not trying to understand what it is you see. You need theories to explain that. |
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And sold!
PM for details.
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Neither is really what I would consider safe, but they are different. Mining profitability doesnt depend solely on difficulty or price. It depends on the ratio of both, and in theory they are linked. So as long as you invest in hardware that makes you more efficient than the average miner, prospects of earning back your investment are relatively good.
Buying bitcoin otoh.. is a pure gamble on its price and price only.
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Heeft iemand enig idee waar ik het goedkoopste uit ben voor een nieuwe video kaart en nieuw moederbord? Heb momenteel een HD 6870 draaien op een moederbord met maar 1x pci-e slot. Daarnaast heeft dit moederbord nog een PCI slot. Is het mogelijk en vrijgoedkoop om dit PCI slot te gebruiken voor een extra videokaart?
PCI slot, nope. Er bestaan adapters maar die kosten veel te veel en dan nog is het lang niet zeker dat het ook echt werkt. Maar allicht heb je ook nog wel minstens een PCI-e 1x slot, zo;n heel klein slotje, en dat kan je wel gebruiken mits een kabeltje, en die kan je hier op het forum kopen of op ebay. Wat betreft kopen van een videokaart; voor minen ben je IMO best af met een goeie ouwe 58x0. 5830/5850/5870. Die kan je hier vaak kopen, of probeer ebay. |
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Its probably the CPU downclocking to 800 or whatever MHz without load. You could try disabling C&Q, I suspect you will get the same 1% boost without stressing it.
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Is there any documentation about how to use the JSON RPC?
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I want to buy hashing power with GPUMAX, do i need to just wait or can i be invited? Thanks!
If you want to buy them at 150+% PPS, you will have to wait for GPUmax to re-emerge and then perhaps a few months before they invite you in. If you want to buy shares a lot cheaper, see my sig  . |
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Hoi Wasta
Je mag contact met mij opnemen dan zal ik samen met jou proberen tot een oplossing te komen
Bitminter is een soort pps maar vreemd genoeg duren de btc blokken bij deze server al een heel lange tijd veel langer dan bij andere pools. En deze pool vindt ook op namecoins blijkbaar veel minder blokken dan alle andere pools.
Ik heb er een hele lange tijd mijn pc op gehad maar op een gegeven moment vond ik het toch wel allemaal heel apart dat andere pools minstens 5 tot en met zelfs 20 namecoin blokken vinden op een groter btc blok en bij deze pool amper tot helemaal niet.
? Namecoin difficulty is 631K, dus gemiddeld zal je iets minder dan 3 namecoin blocks vinden voor elk bitcoin block. En eerlijk gezegd, namecoins vindt bitminter bij de vleet, maar afgelopen weken hebben we wel rot pech gehad met bitcoin blokken. Maar meer dan pech is dat niet, en pech blijft niet duren. Getuige het block dat Gem een paar dagen geleden vondt op een paar seconden. 282 shares, ik denk dat dat een record is. |
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Is 0/0 a valid IP range? If you want local access, try Assuming your lan uses 192.168.1.x |
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32 BTC ONLY if the shares are after the difficulty change.
Fair enough. when I wrote the OP, it looked as if the difficulty would change the 26th, seems to have moved to the 27th. I got no problem delaying delivery until after the new difficulty. |
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Lucky for you I have an even better solution. I have an in-line valve on my water-cooling loop to stop the inbound flow on my reservoir so I can drain the loop. The power usage jumps more than 100W between 55C and 90C when I close that valve. A tiny bit is due to the pumps drawing more power, but the majority of it is definitely the graphics cards.
Wow.. thats.. surprising indeed. Thanks for testing and posting. |
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