if miners get lots of 0.01BTC payments they will pay higher txn fees when they go to spend the coins from their wallets due to the combining of a lot of small inputs to make a transaction.
Is that how that works? I've been wondering why some of my transfers incur a fee and some others don't! I just wasn't curious enough to google it  Good thing I set mine to payout at 1BTC when my hashes got over 1GH/s Also, I'm pretty happy with Eclipse, not tried anything else |
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sure, nobody knows what will happen to the market when the reward halving happens, but what are the miners PLANNING?
I'm only going to be able to afford half price hookers now.... o.0 |
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I solved 2 blocks today  I'm a lucky bastard  |
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7.96 GH/s of GPU mining over 3 rigs, 10x radeon 5970 cards, 1x radeon 7970 ...in my pants Also when asic arrives it'll be... 67.96 GH/s ...in my pants  |
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Linux is a PAIN IN THE ARSE
If you're not 100% versed in LINUX, just install windows. IT'S EASIER
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Speaking of missing emails... I am not getting notifications of when one of my miners goes offline. (I used to.) I'm on gmail.com.
me too. same goes with sms. been like that the last 6-7 days |
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Thanks for that
Don't ask these questions about what an ASIC can do, you'll just get yelled at o.0 |
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If you're in Australia use a milk crate you can fit 4 x 5970s in one of them |
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BUILD IT! it would only take a few days (or a few hours if you've done this a few times already). If mining then becomes unprofitable in 4-6 weeks you still will have earned 20-40BTC ($240-$480 in todays prices). Then you could sell em, and have earned a few extra hundred bucks. the cards DEFINITELY wouldn't depreciate that much in that amount of time |
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If it isn't hardware disabled, this could be something intelligence agencies (or bad guys) might like to get their hands on.
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Theoretically, you could invent a problem that is almost identical to Bitcoin block hashing, but it's unrealistic to expect to find an existing problem that fits that criterion.
Cheers This was the kinda back 'n' forth I was looking for. Information and discussion. Not these twats that just jump on and yell IT'S IMPOSSIBLE! Thanks bud! |
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Ahh,didn't see that point of view........I'm an American & I only see things from my side the world Most americans do |
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I guess you're forgetting these ASICs will take a fixed length hex word describing a bitcoin block header and they output a nonce. They do not try to solve random length passwords or anything like that...
what's a nonce? |
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How much would it cost per day to run it at 1.21 Gigawatts?
I believe you mean jiggawatts |
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Application specific means it can only be used for bitcoin mining, nothing else.
This has been said time and time again.
And you absolutely had to say it again. If anyone else wants to jump on and say it's impossible, don't bother. We've already heard that. Cuz I can guarantee you, if there is a powerful device out there that becomes obsolete and may be destined to sit around, SOMEBODY will figure out a way to repurpose it. I'm only interested in learning more, and getting ideas.
It depends if the application is a custom build from the ground up, or if it uses existing standards that are used by other applications.
Bitcoin mining uses SHA256 processing, so it can processes SHA256 of other applications where the work is similar.
However BFL locks their firmware Bitstream, and they would have to open-source it before anyone can try to do anything else with the ASIC.
Awesome, some useful information with a point. So what you're saying is until these devices are released, and/or the source becomes open, no one could really know. Is there anything else out there that uses DBL SHA-256? What if somebody built a tech AROUND the ASIC devices? Possible or not? |
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It would knock out everyone GPU mining except for people who don't pay for electricity.
Not really. I mine with a bunch of 7970s, ~3.2Gh/s @ 790W at the wall on my main rig. I pay £0.0959 (~$0.155) for power, and I'd be profitable at much lower reward-per-share than we have currently. aren't the average miner though. The average miner will earn substantially less than you and even at the same energy costs may find it unprofitable. OTOH, I think most northern hemisphere GPU miners will continue for a while yet - GPUs heat up a room quite nicely. Yeah, take into account the heating element. I had my main rig in the lounge room at the tail end of winter, the MRS was hogging it most of the time My I recon your average pro miner has maybe 2-5GH/s worth of radeon 5850-5970s, the reward half would probably kick em right out. |
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I am now all is haunted my foil hat ... It would be tempting to cash in on the miners waiting in vain. Something like this .. (Near future)
1 Award is cut from 50 to 25
2 Asik not out yet (besides everything goes)
3 People understand that Maina on Vidic was not favorable to say the least (already, before Asik), especially those who are not from Russia (most of them ), they pay for electric energy 4 those "who in the subject of" conspiracy - buying up the maximum amount of BTC , trying not to jack up the price, but the price is clear stump slowly but grows .. 5 Asik all there (maybe will take time, it does not matter) it can last a long time but a reasonable 6 Many miners from beziskhodnosti buy all sorts of bonds, collective investment in the development of chips, such was at times more .. 7 When
MavrodiManipulator decide "enough" - broads! "Hack" GLBSE Ah ah ah, if not good, but not him Databases not (Sound familiar?) as someone who has given - is unknown .. This leads to the collapse of BTC (but he knows that this is not the end, just a good opportunity to buy on the cheap .. )
8 "correction" caused by the news of glbse, is gradually transformed into growth ..
9 Then the fun begins ..... (Someone has to be first, I think it will be the largest) example BFL announces that production collapsed and Asik will not be! Him naturally to do the same (they were not going to produce them, or simply to share, or take advantage of the silence)
10 GIIIIIIGANTSKY GROWTH BTC can up to 1000, even in seriously considering it .. and where it will put an end to it - will be determined only Manipulator (actually a pro!)
GIIIIIIGANSKY GROWTH? THANKSI VERSI MUCHSKI BUDSKI! |
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