It might be workable if Disapora were anywhere near ready for deployment. In my testing last month I found it far too buggy to even consider moving forward with it. And since then I've read much about Diaspora's many security issues, ironic for a system with its design goals. I'll look at it again in a few months, but for now I wouldn't base anything on it.
I think even as a Facebook-replacement it's not ready for prime-time, but I looked at it a few days ago and what is there isn't too bad. It's missing stuff that I find essential in Facebook, and the security issues you raise would be a real worry. I suspect, though, that like most open-source projects the security side of things will be addressed quite quickly. I'm not suggesting we move bitcoin-otc wholesale to Diaspora right now, just that it's something worth considering and planning for. I've been thinking a wee bit more about it, and wondering where trades would take place. My thought was that trades could be advertised on Diaspora ("wanting to buy BTC, sell USD 500" or "wanting to buy EUR, sell BTC 1000 @ EUR2.25/BTC") and then negotiating (what happens now on IRC) could take place via PMs. Right now, however, there's no group facility on Diaspora, so everyone would need to friend ("share") with everyone else. That's a deal-breaker for me. I also can't see a way to get the web of trust integrated with Diaspora, but WOT isn't something I'm that familiar with anyway. |
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Simple question do miners make use of all the memory or do lanuages like python limit stuff like that? Im thinking of upgrading my card and I would like to know if i should get one with more memory.
Not speaking from experience, but the consensus seems to be "no". Go for the card with less memory - both cards will hash at the same rate (all else being equal), but the card with more memory will use more power - both fixed (cost of card) and variable (cost of electricity) will be higher. |
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I sold all of my BTC onto #bitcoin-otc for around $3.50 per BTC just now...I plan to use those profits to buy back into the market at a lower price.
I would never sell all my Bitcoin in speculation... I would never turn down a quick profit in speculation  Bulls make money, bears make money, but pigs get slaughtered. I wouldn't turn down the chance of a quick profit speculating either, but I wouldn't risk all my bitcoins. Recently (though it seems so long ago now...) I sold around 10% of my bitcoins at 1.95, and bought back around 1.7. I wouldn't have risked 100% of my bitcoins, though - that's how to get slaughtered! That said, I guess you've proved your point - you can currently buy back in at a healthy profit :-) |
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yeee, but how many bitcoins in average.
Bookmark this link and use it to calculate how many bitcoins you'll make on average. Remember that this will change roughly every two weeks, as difficulty changes. Use this site to convert from bitcoins to US dollars (the site itself actually lists pretty much every exchange there is, so if you're not interested in US dollars then you can find an exchange in your own currency. The site also lists current over-the-counter deals on bitcoin-otc, which handles pretty much anything you can think of - any currency, and a fair few non-currencies. Whether the deals will materialise will depend on demand, however). |
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Seems like we really need a decentralized exchange.
Yes, we do really need that. What's the point of having a p2p currency if we have to rely on centralized server to exchange it with other currencies. We need a p2p forex market for btc. Who's up for this? I think to an extent it's our own fault - we treat MtGox as the primary exchange for *all* currencies, though it only handles USD. During the recent rally we were calling GBP parity based on the GBP/USD rate and the MtGox USD rate: we were ignoring the GBP exchanges. I'm tempted to mention bitcoin-otc, but that, of course is (a) an over-the-counter system, not an exchange, and (b) is also somewhat centralised (one website, one IRC server - correct me if I'm wrong). Could bitcoin-otc, or something similar, function on Diaspora? My thinking is, and I've used Diaspora for all of 30 seconds, is that we sign up to various decentralised Diaspora pods (multiple pods mean that the system can't be taken down simply by taking down one pod/server in one jurisdiction) and then create an "aspect" for trading bitcoins, and friend (I think Diaspora calls it "sharing") other bitcoin traders. This doesn't solve the decentralised exchange issue, but does create a decentralised platform for bitcoin trading. ...or am I just providing a solution to a problem that doesn't yet exist? |
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Anyone notice the large transfer of 200,000 BTC on the monitor earlier? If not, here is a link to the image: http://www.filedropper.com/largetransactionThe only reason I can think of to transfer this many BTC at once is with the intention to sell them. What are your thoughts? I think if I was planning to sell off that many bitcoins, I'd transfer them in small batches, so as not to alert the rest of us! Having said that, just about anything I can think of (transfer to "savings" wallet, purchase, etc) - I'd do it in much smaller batches... |
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I just want to make sure I understand things correctly. If there's a break above the channel (that last longer than an hour), then we're in a rally, and prices will likely go quite a bit higher. Is that right? On the other hand, if there's a break below the lower trend line, then we'll see a prices go down significantly. Am I getting this right?
All I can comment on is what constitutes a break, but yes, that's my understanding of S3052's analysis. Incidentally, it's not so much that the break above lasts more than hour - simply that when one time period ends the price is above it. The price could, say, go above the channel at 1 minute past the hour, then fall back below at 59 minutes past, and that wouldn't be a break. On the other hand, if the price went above at 59 minutes past - and remained there for >1 minute - then that would be a break. Again, this is just my understanding of technical analysis and I am by no means knowledgeable. |
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Here is a special Bitcoin technical update,given the very strong, but potentially overheating trend.
Keep up the great work! Donated 5btc  One quick question, when do we know if it has clearly broken out of the price channel? If we keep in this price channel the market really cannot move to $5 till July... On the hourly chart (the one S3052 was using) the price needs to close one hour above the channel. If it breaks above the channel and then falls back within the same time-period, it hasn't broken out. (So, in this case, there has been a break above the channel, as the time period - the hour - has ended with the closing price above the channel). ...at least, that's how I understand it. I hope S3052 will see me right if I'm wrong! |
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There's always ClearCoin, an escrow system for bitcoin. You put your coins into ClearCoin, and if the retailer doesn't deliver as promised then they don't get paid (and you get your bitcoins back... once the ClearCoin transaction expires). |
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Well, that is YOUR opinion. If I find the need to verify or change my address for any reason, I can't. There is a delay for payout while blocks are confirmed. If I just switch pools, I may not get paid if I can't login and set the payout threshold low enough to trigger a payment when my work is confirmed. Bitcoins, while a recent invention, is money and there is a duty to make this safe and secure and accessible. Granted, pooling is all new and if you keep the payout threshold low and keep a close eye on things, the risk of loss is also low.
Fair enough. I take the view that much more of the responsibility for this lies with us than with Slush (or other pool operators). We need to make sure that our mining operations are safe, and rely less on pool operators. For example (and this doesn't apply to you, or, indeed, to Slush) one operator is promising to notify participants when one of their miners goes down. I think this is... not a mistake, but is perhaps less helpful than it sounds. What I think is needed is for participants to monitor their miners locally, rather than relying on pool operators. Operators should provide services like this with large disclaimers and warnings that pool participants have responsibility for monitoring their own operations. As far as your mountain out of a molehill comment; that is off base as I didn't say anything about it being a major problem. At the moment, it is annoying (and it is already back up). However, when hackers get in [as they did with, was it BitcoinPool?], then it is a big deal if you don't keep close watch. This becomes real money for people and as such, the pools should be maintained with that in mind.
Slush promised to work on it and I am happy with that for now. I just reported the outage. He should have monitoring software to report it to him on its own so that users don't have to report, but perhaps that is part of his upcoming solution. The only other item I mentioned is a dedicated forum for each pool. I suggested on their sites, but it could be here if they want to create that many .. or perhaps a few for the bigger pools and an "Other" for the smaller pools.
There was no building of mountains here. Slush is the pool I started with and the pool I am currently using. That will not change for awhile now [unless there is a pool outage]. It seems my work is somehow disappearing in small amounts (seemingly network related, but doesn't explain the share count differences between my client and the statistics onsite) when I use deepbit, so I am doing a long test with slush for now since I am overdue for the long term stats anyway. Also, I like the idea of scoring (modified proportional really).
There is an awful lot of trust involved with pooled mining and even more so when server security and stability is at stake. So, I care. Sorry if you think that is a mountain.
Well, apologies if you object to the "mountains" comment. I made it because you started a new thread to discuss an issue that was already being discussed elsewhere. It wasn't clear to me what, if any, information Slush could give you that you weren't already aware of. That was why I tried to find out what, exactly, concerned you. I think we agree on more than we disagree on, we just have different approaches to the issues we face. |
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OK, well I agree about the "one gigantic thread", though I think it makes sense to continue discussions in one thread (this topic seems to be a continuation of an earlier discussion). What I don't get is (minor issue) why have the discussion elsewhere, and (major issue) why is the 502 issue that important? It doesn't affect mining, we know that, we've known that for a while. It just doesn't seem an important issue to me, and I'm still struggling to see why it is important for you.
It affects payout, access to your account and frankly accountability [which I am not too worried about, but there is a lot of hacking going around]. Any one of these reasons is enough and I just listed three. Well, that's your opinion (that one of these reasons is enough). A delayed payout doesn't concern me. Access to my account is the statistics issue I mentioned earlier and, frankly, that's so trivial as to be risible. Accountability? C'mon. Wait until the server comes back up and check if you're worried. Better yet, have your miners set up so they switch pools when you get a 502 from Slush's, and let the remaining pool participants worry about accountability. Molehill -> mountain. |
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I guess I just don't see the point of either (a) having discussion elsewhere (here works), or (b) attaching a high priority to what seems to me to be an unimportant issue. Help me understand why this matters to you, is all I'm saying.
It keeps day to day operational issues out of this forum. They can keep it here if they want; I just think it is better if bundled with their service. One gigantic thread that never ends is simply STUPID. MY OPINION (no, I am not yelling, just stressing the issue). OK, well I agree about the "one gigantic thread", though I think it makes sense to continue discussions in one thread (this topic seems to be a continuation of an earlier discussion). What I don't get is (minor issue) why have the discussion elsewhere, and (major issue) why is the 502 issue that important? It doesn't affect mining, we know that, we've known that for a while. It just doesn't seem an important issue to me, and I'm still struggling to see why it is important for you. |
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Slush and Tycho really should setup their own forums for their pools, but then again, if Slush host it himself, it would be down right now ....
I dunno. I quite like having discussion here in the open, in a central location. I use more than pool (I use BTCmine as well as Slush's) and neither have their own forum. It always struck me as a bit odd that bitcoinpool closed and locked the pool thread here and moved to their own forum. It kind of creates a chicken-and-egg situation: I'm not aware of issues with their pool, so I don't use their pool. I don't use their pool so I don't follow their forum. I don't follow their forum so I'm not aware of issues with their pool... etc Back on topic, as you note the 502 issue is a recurring one, but it doesn't bother me. It doesn't affect my mining, all it affects is my stats recording and that recovers as soon as the 502 issue is resolved. It just strikes me as a low priority issue. Or am I missing something? I am referring mostly to maintenance, outage and service issues and other things that users of the pool are asking about. There is nothing stopping discussion of any of the pools here. Sometimes specifics don't need to be posted here if their was a forum at each pool. I guess I just don't see the point of either (a) having discussion elsewhere (here works), or (b) attaching a high priority to what seems to me to be an unimportant issue. Help me understand why this matters to you, is all I'm saying. |
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Slush and Tycho really should setup their own forums for their pools, but then again, if Slush host it himself, it would be down right now ....
I dunno. I quite like having discussion here in the open, in a central location. I use more than pool (I use BTCmine as well as Slush's) and neither have their own forum. It always struck me as a bit odd that bitcoinpool closed and locked the pool thread here and moved to their own forum. It kind of creates a chicken-and-egg situation: I'm not aware of issues with their pool, so I don't use their pool. I don't use their pool so I don't follow their forum. I don't follow their forum so I'm not aware of issues with their pool... etc Back on topic, as you note the 502 issue is a recurring one, but it doesn't bother me. It doesn't affect my mining, all it affects is my stats recording and that recovers as soon as the 502 issue is resolved. It just strikes me as a low priority issue. Or am I missing something? |
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What system are you using, you was very unclear?
He basically just told you how to do it in linux with pipes....
A simple bash script wouldnt be hard.
For Windows it would require the output to a log, and a seperate worker checking the log every x seconds, at least until a sound is introduced in the client.
They're definitely using Windows, I don't know which version. The proposal I made above could be made to work on Windows but you'd need to install Cygwin or similar. |
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I suppose even if they are not the same person, they still preach the same thing. I see what biggie is going at here. The fact that they discourage newbies from mining. We dont know why they do it for sure, but we do know that they do do it. I just hope that there are more people that support newbies mining than not. I guess now its not a big issue, but if it ever comes to a point where they STOP helping newbies, or give false information, then something is wrong there. but as long as there are people who are willing to help others, then thats why this forum is here. I hope vladimir and/or JJG still want to help people with mining issues and setups, not just discourage them.
If you guys plan to only discourage people, then the real honorable thing to do is to leave the forum.
as far as i can see though is that they both discourage and help people so all is good.
It's a tough call. Personally, I tend to help where I can but I can't in good conscience recommend people get into mining without carefully considering the risks involved. I don't think my position is that unusual, and it's not that dissimilar to Vladimir's (I'm not really familiar with JJG), nor it is dissimilar to many other people here. That, coupled with the lack of any obvious similarity between Vladimir's and JJG's writing styles, makes me highly sceptical that Vladimir and JJG are the same person. |
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...people like Vladimir aka JJG and other puppets belonging to him... Whoa. You've jumped from "Vladimir might be JJG" to "Vladimir aka JJG". Any chance of giving them a chance to respond before stating it as a foregone conclusion? I can't personally see any resemblance in their posting styles, but regardless of my opinion - or your opinion - giving people the chance to defend themselves against allegations is the decent and honourable thing to do. It doesn't matter what they or he says, it's just my opinion and i feel i need to share it with those who might see something in it. Just like anyone else can give his opinion here i'll respect that too. Fine. Then present it as opinion. I have no problem with your first post, my problem was with your second post - as you jumped from "my opinion is that Vladimir may also be JJG" to "Vladimir aka JJG": without allowing Vladimir of JJG the chance to respond, you jumped from opinion to a statement. Unlike you I do feel it matters what Vladimir and JJG say, just as I feel it matters what you say. Opinion needs to be clearly identified as such, not least because otherwise you're potentially libelling two individuals. Easy to forget that online, but there are individuals behind online personas. |
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it annoys the hell out of me to see these type of figures polluting the community with disinformation or pulling things out of their context.
Yup. Though I'm meaning something very different to what you mean. Regardless, any chance we could have the "Vladimir is the Wizard of Oz, pulling all the strings" thread in one place? |
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...people like Vladimir aka JJG and other puppets belonging to him... Whoa. You've jumped from "Vladimir might be JJG" to "Vladimir aka JJG". Any chance of giving them a chance to respond before stating it as a foregone conclusion? I can't personally see any resemblance in their posting styles, but regardless of my opinion - or your opinion - giving people the chance to defend themselves against allegations is the decent and honourable thing to do. |
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Why would a government agency create a currency that undermines the government's ability to collect taxes?
I was only half-joking when I wrote this. Government agencies all have their own agendas - sometimes they conflict with each other. |
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