1021
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Bitcoin / Mining / Re: I just ruined 4 5870s...!!!
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on: May 18, 2011, 09:30:44 AM
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You should be able to recover the cards by flashing them from a bootable USB stick or CD. IIRC the 3D clocks don't get applied until the driver is loaded by the OS. Sorry, most cards use same profile for booting and 3D. Generally it's a bad idea to flash with values you haven't already tested using Afterburner or similar.
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1023
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Bitcoin / Mining / Re: You are threatening Bitcoin’s security
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on: May 18, 2011, 08:32:17 AM
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This thread topic is exactly why I never thought that open pools were a good idea. That said, the ability to create more pools will lead to a proliferation of said pools competing for contributers. So it's unlikely that any one pool could ever collect the 50% minimum in order to attack the blockchain even for a short while, as the more pools there continue to be, the less of a percentage that each is ever likely to be able to accumulate.
Actually, the reason why I use Deepbit is that all the others I would consider are so small. Size is one of Deepbits biggest competitive advantages, because the whole point of using a pool is to get a regular flow of bitcoins. More pools means that the remaining hashing power is spread even thinner. That just increases Deepbit's advantage.
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1024
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Bitcoin / Mining / Re: You are threatening Bitcoin’s security
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on: May 18, 2011, 08:09:21 AM
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Deepbit isn't "instant" too, it takes one hour to show block on the account...
It does, but if you do an instant payout you will get all the bitcoins you've earned up to that point. That includes bitcoins that were earned after the full hour balance update.
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1025
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Bitcoin / Mining / Re: FPGA mining for fun and profit
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on: May 17, 2011, 07:00:19 PM
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I just realised that Bitcoins future depends on using an algorithm that is not possible to put in hardware like this. If it is, there will probably only be one mining company left after a while because of the economy of scale.
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1026
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Bitcoin / Mining / Re: You are threatening Bitcoin’s security
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on: May 17, 2011, 05:57:32 PM
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No, I had only one serious downtime on mining interface, others were service restarts, which is normal on all pools. Oh, I was also DoSed twice, but it is long time ago and it wasn't total outage, pool was just slower for few hours.
It's possible that my impression of your pool is wrong, but you seem to have a lot of invalid blocks every now and then. 21 in the last 1000 blocks right now means 2.1% fewer bitcoins for me. The lack of long polling also takes a bit off the top. All in all I believe my profit is higher at Deepbit.
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1027
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Bitcoin / Mining / Re: FPGA mining for fun and profit
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on: May 17, 2011, 05:26:33 PM
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I will offer a 10 BTC bounty to the first person who either:
You probably have to make that bounty about 1000 times higher to make it remotely interesting to those who have the know how and money to make this stuff in the first place.
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1028
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Bitcoin / Mining / Re: You are threatening Bitcoin’s security
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on: May 17, 2011, 04:15:34 PM
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Problem is the others just aren't good enough. Slush is too unstable and I never returned to BTC mine after not getting paid for a block that took forever to finish in April. The rest are just too small, which makes it too easy to pool jump.
All IMO, of course.
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1029
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Bitcoin / Pools / Re: [Swepool.net] Pay-per-share, LP, worker account, Lowest fee on planet!
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on: May 17, 2011, 04:10:40 PM
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Also, only 7.2% fee is ok I guess, but it would be better to write 7.8% rather then '2.2% less then Deepbit'.. might try it though..
If the fee is 2.2% less than Deepbit, which has a 10% fee, that makes a 9.78% fee. Read the messages from dinox. He never talked about the fee, only the compensation (to the miner).
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1032
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Bitcoin / Mining / Re: Mining contracts
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on: May 16, 2011, 01:04:46 PM
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Seems to me that all those services sell miningpower for more than the bitcoins it will generate is worth. That means you don't even need the mining rig. You can just sell the "hashing power", use a share of the money for the sale to buy enough BTC on mtgox, and feed those BTC back to the customers at a rate that corresponds with the hashing rate they were promised.
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1038
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Bitcoin / Mining / Re: Mining too profitable?
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on: May 14, 2011, 07:50:07 PM
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I don't deny that - but, if the price of BTC did not increase with difficulty, people would not continue investing money in mining, which would mean the difficulty of BTC mining would increase much, much slower. And as I said, that is exactly what happened to the difficulty when the price fell back for a while.
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1039
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Bitcoin / Mining / Re: Mining too profitable?
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on: May 14, 2011, 06:47:03 PM
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Absolutely. I believe that the mining difficulty increase signals to people that BTC will become more valuable because BTC will be mined at a lesser rate for the same hardware in USD. This requires BTC to increase in value over the USD because BTC will cost more in USD to produce. So why do the big increases in difficulty come shortly after the big increases in price?
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1040
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Bitcoin / Mining / Re: Mining too profitable?
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on: May 14, 2011, 09:30:19 AM
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You have it backwards. No, you do. Do you really think that when if people see that the difficulty increase, they think "wow, now I've got to buy hundreds of thousands of dollars worth of bitcoins, so the price keeps up with the difficulty". The miners consider the price, and if they think it's profitable enough to mine they will buy more mining hardware, which will push up the difficulty. Just look at the difficulty after the price sky rocketed to $1. The difficulty jumped from about 30 000 to about 75 000 in three jumps, and then pretty much leveled out while the price fell back.
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