Please join me in this round of forum advertising auction - make sure BFL does not get a slot.
Nice idea. I did it for a few weeks until Theymos rejected my ad and banned me from advertising on the site because I insisted he refund my payment when he wouldn't post the text I wanted. 'BFL - Bare Faced Liars' |
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And luck is bi-directional. Except for Bitminter where the payout graph hasn't gone over the expect line for more than a year.
Do you mean we have not had one lucky day for a full year? You know that's not true. The actual is above the expected for part of the graph when I look at it now: http://bitminter.com/stats/rewardsAnd it has not been 1 year since this could last be seen. The rewards graph is only the last 500 shifts. Currently, as I write this, it goes back to shift 14399 which was 2013-04-18 20:38 UTC. That's only 16 days. I'll agree the last 5 days or so were bad, but let's not go overboard. I'll get some more data to show how the luck has been. In the meantime please give the FUD some rest. I said that actual rewards have trended below expected for several months. That is true. And it continues to be true. If everything was kosher, you would expect to see that trend chart having equal areas above, and below the expected reward line. I have never looked at the chart and seen it ahead at the end of a 500 block period. It's not FUD to give you fair warning that you are likely being exploited in some fashion. Graet was robbed for months by miners hopping payout methods and didn't notice until they broke the bank. You need to be more vigilant. Edit: The 500 block shortfall is also remarkably consistent at slightly greater than 10%. I mined several thousand coins with Bitminter before deciding the pattern was too suspicious to tolerate. That's the price of a nice car that is missing, and I was only 3% of your pool at my peak. |
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I was digging into why it takes so long to get a new bitcoin client synchronized when I came across a shocking fact.
Mt. Gox pays no fees on their transactions! Look here, where they have moved over 5 500 000 BTC in 35 500 transactions and never paid a fee. https://blockchain.info/address/1LNWw6yCxkUmkhArb2Nf2MPw6vG7u5WG7q?filter=1Why do the pool operators tolerate this? I read here recently that Gox is making $3M / month. They could clear afford a few mBTC for transaction fees. And paying a fee would give them an incentive to use the blockchain efficiently. There is an easy fix. Blockprioritysize could be set in bitcoin.conf to a lower level forcing free transactions to wait several blocks. https://en.bitcoin.it/wiki/Transaction_feesI have also commissioned Jon Steffensen to add a set of tools to Bitcoin-qt that will allow fee rules to easily set by pools and solo miners. The branch is on git hub here. https://github.com/jonls/bitcoin/tree/mining-tx-filtersBlockprioritysize needs to be exceeded before these rules are applied. I don't want to get into the debate about whether transactions fees are too low or too high. I am just saying free transactions are clearly being abused and action should be taken to make sure that free transactions have a cost in time to validation. |
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Yes, though it wasn't clear then out of the 3 ASIC companies who the winners and losers were going to be. Or should that be winners and loser. In this 3 horse race 3rd place doesn't pay, it's a fail.
Amusingly enough, the only reason there was a race was because BFL wanted to poison the FPGA market where real credible competition had arisen, choking off their cash flow. Without their fraudulent announcement and schedule, we would probably only see ASIC development starting now as the price increase and improved acceptance of BTC finally justifies the risks. |
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I just received a letter from American Express today saying they are beginning their investigation of BFL, but it could take up to 6-8 weeks. Hopefully it'll prod BFL to deliver.
They cannot deliver what they don't have. Your own greed clouds your judgement. You recognize that BFL's business practices are unethical but you are so eager to get your hands on their magic box that you still give your money to them. Since it will still be months to take delivery from them, it is easy to calculate that it is more profitable to buy gear from friedcat or other sources for immediate delivery than it is to pay Josh's 'bargain' price. I ordered on April 10. I came to the same conclusion a few days ago and I cancelled yesterday. The spammy "we're shipping" email pushed me into action. The hardest thing was realizing I made a mistake and had to correct it, but I feel very comfortable with the decision. I don't think is going to end well for the majority of their customers, certainly anyone who ordered in the last couple of months (which is where the majority of their orders came from). A wise decision. Depending on how you look at things, it's not just recent buyers who are certain to do poorly. Many people emptied their bitcoin reserves to buy last summer. It took over 200 BTC to buy a single back then. My estimates of future hash rates suggest that recovery of that bitcoin will never happen. On a dollar basis they might still do quite well, of course. But so has everyone else that has been mining for the past year, and some of us have Bitcoin in hand to convert to profits. :-) In terms of opportunity costs, that 200 BTC could have bought 40 GH/s from friedcat this week. Or nearly 4 round 2 Avalons (270 GH/s) that should arrive by the end of May. And don't even think about what investing it with friedcat last fall would have done instead of investing it in BFL. |
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Dividend has been paid out  //DeaDTerra Lovely. Could you process my share transfer now please? I have processed all transfers of which I have received from Friedcat before the dividend, if your shares has not been sent yet. Then either be patient or poke Friedcat. //DeaDTerra I requested a transfer TO Friedcat. Check your PMs. There doesn't appear to be a process posted for doing this so any pointers on what to do are welcome. |
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I just received a letter from American Express today saying they are beginning their investigation of BFL, but it could take up to 6-8 weeks. Hopefully it'll prod BFL to deliver.
They cannot deliver what they don't have. Your own greed clouds your judgement. You recognize that BFL's business practices are unethical but you are so eager to get your hands on their magic box that you still give your money to them. Since it will still be months to take delivery from them, it is easy to calculate that it is more profitable to buy gear from friedcat or other sources for immediate delivery than it is to pay Josh's 'bargain' price. |
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Dividend has been paid out //DeaDTerra Lovely. Could you process my share transfer now please? |
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Code was in my email this morning. PM me for an address and we can make a deal.  |
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I suggest you enable trading of fractional shares rather than allowing the creation of a passthrough for the passthrough.
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Well, crap. Wish I had checked this thing earlier today.  I will send you a code for 0.03 |
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any one looking for power supply. There is very nice PSU used in CCTV cameras, exactly 12v 10A. I think it will be easy to find CCTV guys almost anywhere.
I tried those. I wasn't happy at all. Very noisy, poor efficiency, and power factor. |
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Yes, how nice for you - you get 20 days of what I mine in each and every single block you mine.
But that doesn't answer my question. Why, when I'm mining consistently (albeit slowly), did I get zero on block 17774 where I did better than on block 17770, which I did get paid something for? If this is "variance" then why have I never seen this magnitude of variability when mining in other pools?
I don't know if your miner produces logs, but it seems the scoring system will eliminate your shares worth if you get disconnected or take too long to send the next share. (I think) (I am still reading up on the scoring system.) This may have happened to you. Another possibility is that your calculated rewards may not have finished processing yet, hence it is all zeros. I have definitely seen cases where I was doing hardware maintenance and 15s of downtime has resulted in huge penalties from slush. If you have to restart something, it's probably better to solo mine until the next block starts given the way he penalizes you right now. |
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I swear to god I'm about ready to buy a plane ticket to HKG, knock on some doors, and fly home with the thing on my lap. And you are not alone. However, this was defined as impossible from Avalon. Better to attend the bitcoin conference in San Jose this month and find Yifu there. That's what I intend to do. |
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Could you process the transfer to my account with Friedcat I requested on Sunday please?
Thank you.
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So tempted to post a list of compuserve email addresses in here... |
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There is certainly a case to be made for trading, and more so for arbitraging across exchanges.
But the deal breaker for me, is that you are forced to leave funds and BTC on deposit on the exchanges to pursue any trading strategy. None of the exchanges offers proof that they are not short BTC on a day to day (or even monthly!) basis. Many exchanges have turned out to actually be short BTC and gone bankrupt leaving their depositors holding the bag.
Until they prove differently, I assume all exchanges are using deposited BTC to fund their operations.
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Have fun cooling 1KW of heat in a 2U server. Ah yes that's right, you can't.
Whole idea sucks in terms of actually being able to do what you said, and the fact it would cost about $1.5k a year per computer.
Cheaper than at home as proved. But it is possible. If you are using 1kW then you will need at least 4U space using it or not (this datacenter maximum cooling capacity is 225W/U or 11.25kW/cabinet). It's not a home setup with a fan over the case. Plus if Supermicro makes these 2U cases with GPU support then they come with enough fans to do so properly. My power in Arizona averages 0.07 / kW/h. With stratum or your own poolserver, bandwidth demand is minimal, and backup with a 3G USB modem is easy and sufficient (pro-tip DSL goes down as often as your hard wired phone does). The last 5 years in Arizona my power has gone off 0 times. So there is no upside to a colo for Bitcoin. For security I lease a small commerical office space - it's far cheaper than residential, and I don't care that the warehouse space hits 40 C. We should organize a Bitcoin get together in AZ though. There are lots of useful Bitcoin projects that you could help with. |
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