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2501  Bitcoin / Bitcoin Discussion / Re: What are the biggest mistakes you've done with Bitcoin? on: April 17, 2013, 08:42:57 PM
Stopping my bitcoin miners back in 2010 because of a port conflict with Vmware. 


Oh god man Sad    This one would drive me to the bottle !
2502  Alternate cryptocurrencies / Altcoin Discussion / Re: Yet another - Tips, Links and help for new LTC miners on: April 17, 2013, 08:40:39 PM
Great post man thanks for making this .
2503  Other / CPU/GPU Bitcoin mining hardware / Re: Anyone running the new locked voltage Gigabyte HD 7950? on: April 17, 2013, 08:39:13 PM
I have one . It's a great card IMHO.  I haven't needed to boost voltage and they are running fine.  The cooler design makes it really effective to put another fan if needed on top of the card .  Not to mention mine came with a free Bioshock Infinite and Tomb Raider.
2504  Other / CPU/GPU Bitcoin mining hardware / Re: EBay listing: AMD Radeon 7990 Malta Engineering Sample on: April 17, 2013, 08:27:10 PM
I'm sure the initial price will be pretty crazy, but give it 4 or 5 months after release and this may be a fantastic card to mine on. That's a very effective looking stock cooler...
2505  Other / CPU/GPU Bitcoin mining hardware / Re: 7950 High Temps on: April 17, 2013, 08:19:58 PM
Ya 90+ is way too hot.

High '70s is where you want to be steady at, IMHO. Anything over 85+ is 'pull the plug' time for me.

Basically you ought to go for the cards with the custom coolers on there. The stock coolers aren't up to going 100% / 24 / 7  .   When gaming, you are never going at 100% for extended periods, if ever.

Fans mo' fans mo'fans is what you need.  You may even be better off removing the stock cooler if they are garbage, and buying a 3rd party GPU cooler or water-based cooler.  Or down-clocking your cards. You may only lose 10% performance but be able to run them 24/7.

Re-gooping / re-pasting the GPU like alex above would be a great thing to do to lower temps but takes a little work if you never done something like that before.

I have additional fans set up on my Sapphire and Gigabyte custom cooler cards and run the 7950's at a steady 76 to 79 degrees depending on my room temperature.  
2506  Bitcoin / Mining speculation / Re: Will GPU mining die soon because of ASICs invasion? on: April 17, 2013, 08:01:11 PM
Gotta say I'm pretty surprised at the rate of which difficulty is still rapidly increasing at, even when the price was sub $70.

I guess it falls into two camps:

1) New miners who jumped in this month with all the Bitcoin press who don't realize how fast the difficulty is going up

2) Established miners who already have everything all set up so there isn't much point of shutting down unless they are actually losing money.

Either way the good ole days of pretty profitable mining are gone (not that I was a part of this myself).  Getting into ASICS will require an investment, and they can't be resold or else-wise used like GPUs can.

 Cry  "back in the good ole days..."
2507  Economy / Speculation / Re: Is there logic to day trading bitcoin? on: April 17, 2013, 07:42:44 PM

Perhaps I could cut my chances like; If it hits $110 I can sell half for that $10 profit in the hopes that the price drops so I can buy back in at $100-105, or if it continues to climb then I profit off the coin I kept and keep the money on hand for when another big price correction.


Go for it man Smiley  People who do this help stabilize BTC's price.

Just try not to become one of those troll-box guys on BTC_E who continually tries to scare everyone into selling and buying everything whenever it suits their personal portfolio.  

edit: LOL at pic above. That image should be recognized as the Mona Lisa equivalent for the 20th century.
2508  Bitcoin / Mining / Re: 7950 cgminer: gpu-memclock & gpu-memdiff & gpu-powertune settings on: April 17, 2013, 06:44:04 PM

It's all covered in this awesome document that has all the collected descriptions of all the stuff the program can do aka 'the manual'  :

https://github.com/ckolivas/cgminer

Scroll down.
2509  Bitcoin / Bitcoin Discussion / Re: flatten out the bumps on: April 17, 2013, 05:56:29 PM
No you misunderstood me I think, or I was not clear.

Not the issuing of BTC.

The issuing of a second new hypothetical coin that would be used for daily online purchasing and selling.

The few giants of BTC could create it. Create only one coin for the initial price of 10,000,000 BTCs say.

And then this new coin (perhaps only 1 initial coin), could trade with online using 0.00000000000000000001's denominations of that coin.

edit: Ya doing some math and this idea doesn't work much better than the current system if BTC gains or loses 2x its value in a day.  Just an idea...
2510  Bitcoin / Bitcoin Discussion / Re: flatten out the bumps on: April 17, 2013, 05:48:18 PM
^ +1

I think so as well.

I think Bitcoin should be the gold, and another currency, perhaps Litecoin, perhaps not, will eventually take the role of the go-to credit for online purchases. This alternate coin will have a much smaller valuation to BTC but the ratio at which it is traded for BTC should remain relatively similar.  Once BTC market cap is 10 or 100 billion Smiley then fluctuations as less troubling.

I'd imagine, though no one has this plan yet,  that it Litecoin or coming Coin 'X' for small purchases would work well if it had a incredible value for 1 coin, and a great deal units smaller than a Satoshi .

For example, say Xcoin had a agreed upon initial value of 10,000,000 bitcoins.  Yet miners could mine and generate units of 0.00000000000001 Xcoin.  You could leave the ratio of exchange between Xcoin and Bitcoin fluctuating, but because just 1 coin had such huge worth, users purchasing stuff under a $1000 dollars would be much less affected by the daily currency fluctuations of BTC.

Hmm.... well already finding some errors in my line of reasoning. But ideas or similar other ideas are needed I think, to take cryptocurrencies to the next stage. The swings in BTC is a problem for its use as a currency to buy/sell things online.

This problem is interesting because it is similar to what any physical country would have I think, if they were newly 'created' and where accessible to anyone online. I'm in an economist but would expect many future PhD theses will study BTC's rise in the coming decades.

2511  Bitcoin / Bitcoin Discussion / Re: Bitcoin an environmental disaster? on: April 17, 2013, 05:37:12 PM
Well just to play devil's advocate there is some environmental cost to Bitcoin mining. Worthwhile, yes, of course I think so, but there is certainly a cost.  By design mining is an inefficient. If you look at the total power used or just the raw amazing amount of computational power that must be lost / wasted in order to maintain a correct rate of block discovery it is pretty awe inspiring.

Then again you have Bitcoin'ers such as [damn forgot his name] who used the excess heat from his mining operation in a liquid cooling operation that was modified to heat his bathroom tiles. Now stuff like that is pretty damn cool.

For myself I merely just have a really hot apartment.

Anyone who feels guilt about energy waste could though instead just switch to vegetarianism for one day, or one half day, of the week and than be okay with the world.
2512  Bitcoin / Bitcoin Discussion / Re: Bitcoin as Zimbabwe's official currency + Prince of Sealand interest in bitcoin on: April 17, 2013, 05:24:17 PM
Sealand I'm all for.

Zimbabwe not really.  That economy is a massive mess and this whole idea doesn't make a lot of rational sense to me.
2513  Bitcoin / Mining speculation / Re: Will GPU mining die soon because of ASICs invasion? on: April 17, 2013, 05:00:16 PM
GPU mining won't die.

It'll just go to razor-thin profit margins and won't be worthwhile for many people to do.
2514  Economy / Speculation / Re: this is insane again on: April 17, 2013, 04:55:40 PM
Wish more folks would switch from MTGOX though... you'd think we'd have learned that by now...
2515  Economy / Economics / Re: Who ACTUALLY knows what they're talking about here? on: April 17, 2013, 04:53:15 PM
[waves hands]

Me...I know what I'm talking about...

I'm a sandwich expert...
2516  Economy / Economics / Re: Convince a Micronation to Use Bitcoin on: April 17, 2013, 04:51:59 PM
Sealand should totally adopt Bitcoin.

Then become a semi-legal micro-nation with a datacenter based economy.

On a converted repurposed mishmash of once ocean-traveling ships, while the polar ice caps melt at an ever-alarming rate.

Holy crap.... it must be 'the future' because that straight-up sounds like a plot from a '80s cyberpunk novel Smiley 
2517  Economy / Speculation / Re: Call the low for this time tomorrow and have .5btc (7pm EST) on: April 17, 2013, 04:12:05 PM
71.48

71.48 was already taken  Tongue    pg .3
2518  Economy / Speculation / Re: Call the low for this time tomorrow and have .5btc (7pm EST) on: April 17, 2013, 01:10:08 AM
71.48
2519  Economy / Economics / Re: A less volatile cryptocurency, what would it take to regulate its own market? on: April 16, 2013, 05:08:07 PM
I think Bitcoin needs to be the crypto gold standard. Ideally it would be used as a safe place to put money, and to make large transactions.

Whereas a second coin, such as Litecoin or what-have you, would be set to a much smaller fiat value. This coin would be used for your everyday online purchases.

I think about it this way: if each *coin was worth, say 10 cents , or even pegged to USD 0.01, then it would be far less volatile in price, making it a much more a usable currency.  Instead of the fiat-worth price of the coin fluctuating a great deal, instead, it should just be traded according to how many *coins  = a bitcoin.

The problem with Bitcoin (or any coin) changing value so fast is a definitely a problem. Not that BTC doesn't have its uses, but when your currency changes +/- 30% value a day on the regular that's an issue. Yet I don't think we could or would want to get rid of speculators; they play an important role.
2520  Bitcoin / Group buys / Re: [Group Buy] Avalon ASICs CHIPS! on: April 16, 2013, 04:41:51 PM
Hmmm sure wish it was 2014 or 2015 when we'll have those neat 3D PCB printers. Would make this a snap!

I'm going to research this a bit more before deciding upon it; sure would be fun to throw this together but I have to do some research...
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