would you mind trotting that past me again? where'd ya get the 26758*0.005?

i'f i'm understandign the math there correctly, you're saying that over time, you'd lose a small amount. about 2.5%, is that right?

ok, i'm confused. the site's working fine - that's not the confusion.

i see the payout odds for < 4800 are a bit over 73%, with payout of 1.343%. unless i'm a bigger idiot then i think i am, that means over multiple bets, you're garunteed to win 23% more oftne then you lose, meaning it's effectivley a garunteed way to increase your supply of income.

obviously, i'm missing something here. little help?

welp, just made my first bet with the Dice. *waits patiently*

EDIT: WINNAR! .25 bet, got a little over .5 back. that's... snazzy, is what that is.

so far i've hoarded, but that's cause my mining rate is crap (350ish mhash) so i've only got about 16.3 btc right now.

when i actually have enough to DO something with it, it'll be a cyclical pattern - mine buy more hardware, mine, buy more hardware...

just wait, when i have me some fpga's i'm gonna make a REAL snazzy set up for em! with etched brass enclosures and and craved wooden frames and... *trails off*

oh, you TEASE.

...will do.

well, technically i don't see why it doesn't. my understanding is it's all down to probability and random numbers, which, in the end, is "luck" if i've ever heard it.

the more i see pics like this, the more i am convinced of the successful generation of income from mining... pity it'll take me ages to save enough for an FPGA with my current (utterly crap) job and single 6870 GPU mining...

that is some tech porn if i ever saw it.

stop making me want to buy things i can't afford, Cablepair!

as a call center rep, i work from the privacy of my own home filing insurance claims for lost/stolen/damaged cell phones, i handle credit cards, complete with CVV numbers quite frequently.

so yea, people do all sorts with their credit cards over the phone.

that... was brilliant.

what level fo detail can your printer handle, he means. i think. say, a wall 1mm thick? less? ahole with what diameter? raised letters?

not to step on toms toes at all, but if you need a model made, i would be happy to assist as an intermediary.

and that isn't a problem with ET's current system? there are ways to defend against it.

as a 3d modeller - cool. i've been using shapeways for the printing of my models, but i might toss some BTC your way.

i like it. i like it alot. though of course who manages the pool would be a big decision given the community wide effect it would have. but i personally would happily send a portion of my hash power to such a pool to support contiuned software dev.

of course, a problem i see is what if, for example, i'm sending 5% of my hash power, but i don't use CGminer (i don't currently. the initial config makes  my head hurt so i haven't hunkered down and done it.) in that scenario, it seems somewhat unfair for my hash power to go to paying for something i'm not using/supporting.

i still like the overall concept - just a potential issue i see.

seems there's gotta be some sort of reasonably fair compensation method we could all agree on... though i've no idea what it is. upfront pricing is disagreeable to some, this commission idea disagreeable to some... hmm. this just struck me as i type this.

what if the commision system was intentionall shut off say, a year from now (or whatever) after appropriate compensation had been given? ET gets the compensation he feels apropriate, we get another small increase in hash, and no one pays upfront either.

but if there was no profit to be made mining - why would anyone do it? in non-bitcoin economies, there's still massive amounts of computer power used and the like. it's all handled and paid for by banks and their transactions fees and interests rates. why, in the case of no available profit from any source, would anyone participate in an activity  that would cost massive amounts of money in hardware and electricity?