1182
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Economy / Economics / Re: How Does Stock Work
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on: March 23, 2011, 09:49:48 AM
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A company goes public for a variety of reasons. Two of the main reasons are as follows: The main reason by far is that it makes it easier for owners to sell (and implicitly buy) shares. Combined with the fact that the laws about distribution of information is much more strict for public companies in most countries, it makes the shares much more attractive. This results in higher share prices.
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1184
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Bitcoin / Pools / Re: Cooperative mining (130Ghash/s)
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on: March 23, 2011, 08:24:58 AM
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Is there a way to get the average pool size and pool hash rate at the time of previously solved blocks? I'm trying to calculate an optimal pool rate, to optimize my payout. My current estimate is 112 GH/s but i don't have enough data.
Why would there be an "optimal pool rate"?
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1185
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Bitcoin / Pools / Re: Cooperative mining (130Ghash/s)
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on: March 22, 2011, 03:04:45 PM
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Correct. PPS is very vulnerable method and I don't plan to implement this. Everybody with few Ghash/s can bankrupt operator of PPS based pool in few weeks. How?
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1186
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Bitcoin / Pools / Re: BTCMine - shared mining pool, open registration
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on: March 21, 2011, 12:51:26 PM
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1) No one poll operator need a more risks for small fee. Everybody wants low risk. For a well run, well connected pool with a high hash rate the risk would be minimal to the operator, though. 2) And you miss one big problem - pps payout model impossible protect from smart cheaters. I don't think there is any way to cheat with PPS. Feel free to share if you think you know something I don't. BTW, why do you think bitcoinpool not grow? With zero fee?
I can only speak for myself, but they don't have PPS, their hash rate is too low to provide a steady payout, they require a special client, and they whine too much about their efficiency.
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1187
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Bitcoin / Bitcoin Discussion / Re: Pioneer 1
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on: March 21, 2011, 10:55:20 AM
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BTW, the name of the show is "Pioneer One". The difference is mainly that you will get a lot more relevant responses if you google that.
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1190
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Bitcoin / Pools / Re: BTCMine - shared mining pool, open registration
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on: March 21, 2011, 09:12:54 AM
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I voted pay per share, under the condition that the price is the same for all models. I don't think those who select another option make the same assumption, because if they did it would make no sense to select anything else. The whole point of a pool is to get a steady payout, and pps is as steady as it gets.
The only drawback for pps is that it shifts that risk to the pool provider. Other than that it's win win for both sides. It makes it very easy to client to check that the pool provider doesn't cheat, and the pool provider doesn't have to take any measures against pool jumping. I think that if someone starts providing pps and long polling for a more fair price than 10% they would quickly become the largest pool.
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1192
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Bitcoin / Mining / Re: HD6870 maximum hash/s
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on: March 20, 2011, 07:17:59 PM
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5970's get 600-1100Mh/sec, No im not j/kin you
There's no way to get 1100 MHash from a single 5970. It's just two 5870 GPUs, and my 5870 gets 360 MHash at 950 MHz. To get 1100 MHash you'd need to run both cores at more than 1400 MHz.
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1194
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Economy / Economics / Re: what happens when btc2 comes out?
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on: March 19, 2011, 07:29:51 PM
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There might be the possibility of a bitcoin analogue, but instead of minting with CPU power it is done with bandwidth. With this method, whoever provides more bandwidth to the network earns more coin.
ISPs would kill it in days, if not hours.
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1196
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Economy / Marketplace / Re: SELLERS: Let's Raise Our Prices to $2/BTC!
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on: March 19, 2011, 09:10:13 AM
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WE THE PEOPLE of the diamond producing community, who mine and sell diamonds, are the ones who can truly steer the market and contribute to the success of diamonds, the People's Jewel. De Beers beat you to it by about 100 years.
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