1202
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Bitcoin / Pools / Re: Cooperative mining (120Ghash/s)
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on: March 17, 2011, 11:23:11 AM
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It appears to me to be already happening, have you not noticed a surge in hash power in your pool after the mean time has been exceeded for a block?
If it's happening, it's the participants in the other pools that are being cheated. They will end up sharing some of the profits for the long blocks, and all of the profits for the short ones. For those who use Slush's pool all the time it will mean that they will get a lower share for the long blocks, but they will also take shorter time to solve, so it averages out.
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1203
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Bitcoin / Pools / Re: Cooperative mining (120Ghash/s)
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on: March 17, 2011, 11:19:06 AM
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Indulge me. How is it that "most" of the rounds will last shorter than the mean? Aren't half the rounds shorter than the mean and half the rounds longer than the mean? Isn't that what the mean is in a normal distribution?
If you want to see the exact statistics you can try putting any number into the mining calculator. http://www.alloscomp.com/bitcoin/calculator.php. It will show you that the average time to solve blocks is higher than it takes to solve the quickest 50% of the blocks. The problem is that you don't know in advance which blocks will end up within those 50%. The distribution isn't normal, there is a graph at the pool which shows it: http://mining.bitcoin.cz/stats/graphs/As you can se, it's kind of open ended. Your suggestion for fooling the pool requires there to be an upper limit to how low it can take to solve a block, and a normal distribution within this range. That's not how it works. In theory there can be a block that will never be solved.
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1204
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Bitcoin / Pools / Re: Cooperative mining (120Ghash/s)
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on: March 17, 2011, 09:27:31 AM
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How do you know it when the second half of the round starts you ask? Well you just join rounds that have gone longer than the average length for slush's pool ... so at present difficulty joining rounds at 50 mins in is going to earn more than mining the whole block, no?
No, it won't. Your mistake is to not understand how the randomness of mining works. If you do it your way, your average earnings for the time spent mining will be pretty much exactly the same as if you joined every round from the start. Hint: most rounds will last shorter than average.
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1205
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Bitcoin / Mining software (miners) / Re: python OpenCL bitcoin miner
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on: March 16, 2011, 10:15:58 PM
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You mean there's a Shortcut tab on the right click menu and in the Shortcut tab there's a line called Target? Because when I right clicked, the only thing involving shortcuts was Create Shortcut.
- Right click on the new desktop icon and click propertiesOr perhaps you haven't made the shortcut yet? Hold the right button down on the .exe and drag it to your desktop, select create shortcut when you let go.
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1207
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Economy / Economics / Re: Deflationary currency? Really?
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on: March 16, 2011, 05:14:46 PM
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So in your world what do you do to consume things that is different from division and distribution?
Sorry, I assumed your reply had some relevance to my initial message.
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1208
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Economy / Economics / Re: Deflationary currency? Really?
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on: March 16, 2011, 02:40:42 PM
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Division and distribution is the same as consumption. They are absolutely equivalent. I guess we live in different worlds, then. In mine you can't eat the cake and have it.
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1209
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Bitcoin / Mining software (miners) / Re: python OpenCL bitcoin miner
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on: March 16, 2011, 12:18:27 PM
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- Open the C:\bitcoin\poclbm_py2exe_20110222 directory in explorer - Create a short cut to poclbm.exe on your desktop by right clicking on it and dragging it - Right click on the new desktop icon and click properties - Add the parameters you need to the exe file - Save.
I think this method is much easier. The GUI version makes it even easier, though.
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1210
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Economy / Economics / Re: Deflationary currency? Really?
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on: March 16, 2011, 11:10:07 AM
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So, why would a 'deflationary currency' be any better than an 'inflationary currency'? An 'inflationary currency' encourages consumption because the longer you hang onto it the less stuff you can buy with it, in this way it also discourages resource efficiency.
Neither model encourages or discourages consumption, it just shifts the best way to preserve wealth. With inflation you should buy what you need early, but that doesn't mean you should consume it. Because it will be more valueable tomorrow than it is today, it makes just as much sense to delay consumption as it would with a deflationary model.
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1211
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Economy / Economics / Re: Deflationary currency? Really?
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on: March 15, 2011, 10:40:24 PM
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If there is disinflation there is still inflation, only less. Bitcoin leads to the opposite of inflation, which is deflation (provided there is economic growth and the population stays the same or increases).
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1216
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Bitcoin / Mining software (miners) / Re: python OpenCL bitcoin miner
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on: March 14, 2011, 12:01:17 PM
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It half the cpu time, as well as Watt and cpu usage %. No, it just looks that way because Windows will say that 100% of one core on a dual core CPU is 25% instead of 50%. You still only have two cores, and a single process will 100% of it even if you enable HT. Enabling HT will not give you twice as many cores or twice as high performance. If two process use the same core with HT, it will only be a few percent more efficient than using a single core at best. Setting affinity is much better.
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1218
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Bitcoin / Bitcoin Discussion / Re: re: market depth
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on: March 12, 2011, 09:34:37 PM
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A lot of new sellers would appear if it looked like they actually could get for instance $1.50. It's just no point transferring funds to mtgox to add a sell order for a price they don't expect to get anyway.
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