I pointed my soon to be retired BFL SC Singles (5x60GH/s) at the pool at was getting tons of duplicates with the latest stable BFGMiner. By tons I mean close to 15 or 20%. I would get about 1% at most with BTCGuild or Bitminter. I would like to try out the pool but until my new S3s get here I'm going to have to hold off since my gear isn't playing nice (difficulty was settling to somewhere between 800 and 1200 after 30 minutes for the 300GH/s)
I am not sure how long you let it run for but it took a short while it seemed like for my mines to settle down. I let it run for a good hour. I wasn't worried about the reported speed since I know that's up to darn luck of my miners whether they submit shares or not. The 15-20% duplicates was disconcerting since it means the pool wasn't serving the work correctly. I'll try the Tokyo server as mentioned. |
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Seeing as how you have already been graced by Vod's touch I take it you have not read too much on the forums. Buy a small miner for under $500 to learn about mining. Either buy a new Antminer S3 or Rockminer 35GH/s unit. You can also get a used Antminer S1 for $100. Learn how to mine and see if you can make profits before jumping the gun.
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Well if the NY State regulations do go into effect then BTC Guild will cease to exist, so if you mine there make sure you have auto payments set and don't use the pool as a bank. Eleuthria is the pool op and has the community's trust, but should the gov decide to shut the pool down on a whim your coins may not fare well.
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Looks like a bad luck streak for the network since we only moved 30 blocks in 7 hours. We should stay under 20 billion easily, about a 4% increase.
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If i were you.. I won't ve mining BTC. Go to altcoins and find more information there ;-)
Almost every single altcoin that is mined is dumped for BTC by the large multipools. This is in turn drops the value of those coins since there is not enough demand to prop up the prices. Either you use a multipool and instantly convert to BTC or get left holding a dead pump and dump. Calculators show almost every algo unprofitable unless you have power less than $0.08/KWH |
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Quit complaining OP - my AC has been running essentially non-stop for the last month here in Cali. And this is with no miners at home! Enjoy you stolen cold front ya bastard  |
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My old MX518 which is having connectivity issues due to the cord detaching (needs a surgical repair). I think the new model is called a G400 - hate to swap it though just because a stupid connector fails.
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Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.
I think the rig worth much more then $30 just not worth for mining.. Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer. Obviously the value will vary based on region. If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop. If sold only as a mining rig, sure, but this is a good PC which gamers would pay a few hundred dollars for. Are you kidding? The GT610 is the lowest entry level card nVidia has and is essentially a free after rebate type product. Intel HD4000 blows it away, let alone HD4600. For $200 you can build a PC that's 4x as fast from Microcenter. But that's neither here nor there. A PC is not really meant to be used for mining currently since all the driver hackers end up GPU mining any CPU coin. |
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I think it will always be profitable, there are plenty of anti-ASIC coins.
As noted above if any coin becomes profitable with GPUs it is usually destroyed in a few months by massive farms moving in who sell every day, mutlicoin pools who autodump the coin, and eventually an ASIC invasion if the price remains high enough. Pretty much all GPU miners have switch to multipools since no coin stays profitable for more than a few days (unless you have free electricity). |
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I mined a little in end of 2010 but I didn't use my coins until 2011. I average about 3 BTC purchases a week currently.
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About a week ago my btc-e account got hacked..he bought Ltc with all my Btc and us and withdraw all (also hacke my cryptsy.com account; didn't had may btc there)..in total he withdraw about 3 btc...I think he had acces to may email aswel..although he didn't left any clue..(no mails from btc-e.com or cryptsy.com..not in spam, trash..) Don`t know how this was possible..maybe keylogger...I had bitdefender total security last version and it didn`t intercept anything..I sent ticket to btc-e.com and they sent me the log (didn't had 2fa). The ip is : 93.115.84.195 It is a VPN from Romania. What should I do next? You had a lot of money in the exchange. Not a lot you can do, except contact the VPN owner and BTC-e staff. I'm surprised your cryptsy got hacked too, are you sure you don't have a trojan in your computer? I mean the coincidence of both occurring is just very low. I recommend using desktop wallets on a non-windows computer.. be it Mac, Linux or another system, simply because the number of trojans/viruses is smaller. The OP got hacked 4 months ago. The thread was bumped by the person 2 posts up from yours. |
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Within the next could days, I will be looking to purchase bitcoin on the forum/exchange sites.
Anyone have any preference on purchasing btc from exchange sites? Which one is the most safe, fast and reliable?
Purchasing Bitcoin on the forum, which payment method works the best?
Any suggestions on which escrow service to use on this forum?
Thanks for any suggestions!
IMHO, safest and fastest way is to use localbitcoins, while cheapest way is to use btce. If you want to use the currency exchange forum here, you should be able to find a trade with any irresistible payment. Please use escrow or only buy from trusted members. Localbitcoins is the fastest, but it not the safest. As its popularity has increased so have the number of scammers. People build up rep and then start stealing. Buying from Coinbase or on a big exchange with 2FA is probably the safest route currently. |
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My btc-e account hacked today...someone has withdrawn all my coins and has already confirmed the transactions in my email...what to do???
Well write a ticket to support. If you have the withdrawal addresses post them here. Unfortunately once the coins are gone they are gone. Unless the security breach was BTCe's fault you won't get your coin back. Did you have 2FA enabled? |
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USB miners? when did this stop being useful?
USB miners have no cooling, therefore you can't put efficient ASIC chips there. Also, after so much more efficient ASICs came out, the difficulty skyrocketed and they are unprofitable. These are only for collectors and people who want to mine as a hobby but do not want a big and expensive ASIC which emits a lot of heat. Say what? Efficient means less wattage per GH/s produced. Efficient chips are exactly what you need to put into a SUB stick. The reason they are no longer made is that the housing and interface for the USB miner is more than the cost of the chip itself. Compare that will industrial miners which have hundreds of chips and only 1 power and data interface - economically it's inefficient to make a USB miner. |
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Russia has today announced its own sanctions, mostly banning produce from US, EU and some other countries. I think they will be hit harder then Russia. This whole sanctions story was bound to fail. Look at Iran: sanctions have never stopped anyone from developing country's economy.
Sanctions did hurt Iran economically - it just didn't keep them from getting centrifuges. Every radical group in that area would love to see an Islamic state with the bomb, so they did everything they could to smuggle stuff in. Nobody is was enforcing the borders anyways, certainly not Russia who was Iran's biggest trade partner. |
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And then in a week we hear the train derailed because the axles got bent with all the shaking during this event, it goes over a transition and derails. I remember a similar thing happen in China 10 years ago and the train had a slow derailment a few weeks later.
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this will never ever happen, only in china;)
What if China eats the US? Om nom nom. If China can't get it's US debt back it will just buy out the US (and buy out the politicians). The problems is the US thinks it can control servers all around the world (see DOJ vs MSFT on email requisitions). This is the last frontier for US to police. |
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Everyday, I respect that I'm a Communist.
If this was a normal person, who would be thrown in jail till death !
WTF does communism have to do with not abusing children? So if he was a billionaire under a communist system he wouldn't be a piece of shit pederast? Or perhaps you think billionaires don't exist in a communist economies? Sorry to burst your bubble, but there are also just as many pedophiles in communist systems, and they get away with just as many unspeakable crimes. I would argue that it is the communistic method of paying for the judicial system that allows pedophiles to get away with pedophilia due to the fact that courts don't have to please "the people" to get a paycheck, just the "intelligent and responsible central planners". Judging by the sheer hatred of every single individual on the planet toward pedophiles, the notion that this man could've gotten off with 60 days means that the courts are completely alienated from the market, of which is made up entirely of the people with the searing hatred; it's easy to forgive a stranger, who is a guilty pedophile, if he's giving you huge swathes of wealth, but it's very difficult to give the whole nation of ~350 mil enough wealth to be forgiven: thus, the smaller the group is which needs to be paid off, the better off the wealthy man is in the end. Ergo: it is because of communist ideology that pedophiles, and rapists, and genocidal maniacs, and in-house spies, and thieves et al, can go unpunished. No system gives fewer shits about the will of the public.Exactly. Since they public outcry is the same as government belief in a communist state (since they're all supposed to have a hive mind), there is no need to go after the bad apples. The bad apples are in each and every one of us.  |
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analog miners? first time I hear about them....... Why people dont care anymore? Low hashrate ?
Thanks!
BrianM is either using a translator or doesn't have a good mastery of English. To my knowledge there is no such thing as an analog miner - not even sure what he could have even meant. The next Batch of S3 is not due for another 2 weeks and difficulty is about to jump to 20 billion, so by then it may be 21 or 22 billion. |
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While I agree you should not make rash decisions and jump out of your pool based on your payout dipping due to variance. There does seem to be some suspicious patterns occuring.
Mining Pools on the other hand typically calculate their hash rate based on the number of shares turned in. For example: https://www.btcguild.com/index.php?page=pool_stats and http://eligius.st/~gateway/stats/recent-blocksInterestingly both of those pools have had an increase of their hash rate, and a drop in pool luck over the same time frame. <TinFoilHatOn: ConspiracyTheory> What if a major pool, or private miner (Ghash, CoinTerra, etc), mined with half of their hardware on a public pool but executed a withholding attack on the pool? They would collect BTC rewards for the other blocks found by the public pool, but withhold all blocks found and transfer thier BTC rewards to their own pool. This would make the public pool's luck look bad, and their own pool luck look good. They could even delay the block release until a time when their own pool luck was bad, or the public pool's luck was good, to prevent it from looking too obvious. This delay would cause the entire combined network hash speed to appear much lower than it actually is, at least until they release the found blocks. They would only need to release them before the difficulty increased when the blocks might become invalid. </TinFoilHatOn: ConspiracyTheory> Disclaimer: I have done no research beyond the links listed above, and this is pure speculation. Now that I see Ghash is also paying out less than expected I have to go "hmmm"...and do more research. http://www.bitcoincharts.com/Current network speed (calculated by rate of blocks turned in): 147.9PH https://www.btcguild.com/index.php?page=pool_stats BTCGuild reported speed (calculated by rate of shares hashed): 12.0PH http://blockchain.info/poolsBTCGuild reported share of total network (calculated by rate of blocks turned in): 7% 149.9 * .07 = 10.4PH = 12PH - 1.6PH missing blocks Now of course this can be explained by bad luck, but on how many pools can this bad luck occur. Also note that the share of network blocks turned in is 9% for two individual unidentified addresses, and 12% completely unknown to blockchain.info. Obviously there are private players out there, but are they 21% of the actual hashing capacity? Last link: http://bitcoin.sipa.be/speed-lin-10k.pngA lot of blocks sure are being turned in now that we're in the last 300 blocks before the difficulty change. While I would rarely ever defend ghash I do not see any suspicious pattern. Please point to a specific time period or block sequence where you think they might have been withholding solves for the pool. |
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