My machine may be wimpy, but it still works. In the background while working on my computer, it calculated a bit: 0.00564658 BTC from deepbit!
That at $5 could buy me a latte!
google bitcoin hardware.
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This is the beauty of bitcoin. Instead of paying a bunch of union lackies $0.10 per kilowatt hour. To pay things such as $200k a year to firefighters to allow a guy to drown because they don't have the certs to go in and save him. All the btc mining will be done in Texas and deregulated or free states where electricity is cheap. Instead of these bastards jerkoffs going to the federal government wanting more money to cover the California high cost of living they will be out of the market looking for other fools to tax.
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Really like this site look and idea a lot, did you hand code this? I think you might get into a little trouble with ebay sometime as some of the logos look similar. You might change Buy It Now to Immediate Buy for example.
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Wy not put he 295 card on ebay get $100 and then buy a new amd card and get 250+ Mh/s
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What if you move the dvi cable to the other card? I can do that on my z68 gigabyte board. It has something called virtu on it that might allow me to do it. I start with one ati then after I start that i go to the next ati then after that i use the sandy bridge intel graphics as my main, this way it only use 33% of the cpu and the computer, graphics and youtube still work perfectly.
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Very nice looking site, you should make a copy that uses dollars and paypal/dwollla/new exchages and I bet ebay will buy you out in 2 years.
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new server running pretty good for last 4 hours. Might want to lower 275 Gh/s to 220 Gh/s on front page as it looks like pool is dying due to the upgrade.
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I think the idea of hashing is not that great of an idea. Many probably don't even have the client running. I think you should randomly get BTC if you have a client open. Then you will have people having 1000s of clients open, but I think you need to have the client open to protect the network and that is where the real work is. Sending block parts to other people. 1 client per ip.
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You can go to the frontpage of blockexplorer and see last 19 blocks took about 2:39. Thus rate is 7.17 for last 19 blocks. or 3.7 Th/s total network speed.
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Blame all the environmentalists... apparently, generating sufficient energy for your populace is considered a bad thing in California now. Well.. not exactly the environmentalists, but the people who use them to make a lot of money It has nothing to do with environmentalists. The reason for high electricity prices in California are unions, teachers, and firefighters. These are the greedy sobs that want everything. They are all like City of Bell employees raping the average citizen with taxes. All these utilities want control of the system, and they will install some solar panels at 10 times the market cost as long as they control the system and can rape us. As long as the profits go to their pensions. All the environmentalist asks is be given the right to hook up to the grid without a permit, without union labor, and force the utility to accept net-metering and install the necessary meter to do so on their dime. Also allow us to sell to the grid. PG&E, SC&E should have been taken over by state long ago and the grid 100% owned by the state using private firms to maintain the grid. We don't need a 8.5% sales tax we need to end the sales tax. I would install a solar system tomorrow if I could do it myself.
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I was thinking have a bill that is a dollar bill in size. On it have Edward Griffin, Ron Paul, Bill Still, Jim Rogers, and Peter Schiff. Then have a code for wallet that contains say 1 BTC. You make this dollar yourself on your laser printer. It is no good until scanned then become worthless. But I think in the real world you might need change with copper, silver, nickle.
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Maybe you can keep up 2 servers or more. I think deepbit uses multiple servers (at least two). I know webservers like apache start up like 10 instances of the server.
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I was just looking around Texas $0.05 kwh in deregulated areas. which just makes me sick, California we had deregulated power but we had a semi-retarded governor at the time Gray Davis who didn't understand how it works so shut it down. Then the unions took over and now we have $0.15 electricity. Guess there is always solar.
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This is a very simple calculation: Go to block explorer and find hashestowin
1048471149936089
divide by 50 since 50 BTC in a block divide by 1000000 hashes in a megahash divide by 3600 seconds in a hour divide by 24 hours in a day
and you get 242.7 Mh/s need to get 1 BTC in a day.
Electricity Costs per BTC variable cost of electricity $0.15 variable mining efficiency 1.35 Mh/s per watt
242.7 Mh/s per BTC per day
divide by mining efficiency to get watts
179.8 watts
divide by 1000 multiply by 24
4.31 kwh per BTC
4.31 kwh * $0.15 = $0.65 per BTC
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I got a gigabyte z68 board with onboard 2500K sandy bridge graphics. I got 2 6870s running in crossfire, I set this up first. I now use the intel 3000/2000 graphics and both the gpus run independently. There is a bios setting. I noticed I have a hdmi cable attached to one of the AMD cards. To make a long story short, my hashes remain at 278 mH/s regardless of browser and I can use the computer and it runs great.
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Nice to see my prediction for 200 Gh/s for Friday was accurate. We are already at 237 Gh/s. I set the new goal at 250 Gh/s by Friday.
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You can go to bitcoincharts.com and see 30 day volume is over 1,000,000 BTC.
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I don't think you need the 3rd party. I wish they built into the client where you could exchange a bitcoin with 2 locks on it. Like a box with 2 locks on it, the sender and receiver would each hold a (private) key. When the exchange takes place either the bet is won or the goods are received, the sender or loser takes his lock off and the BTC go to the seller of goods or winner of the bet.
Sort of like escrow between two parties.
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Seems to be going good, just got a block and 166 gH/s, hopefully 200 gH/s by friday.
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Ok! that's it for me! The price just dropped to 5.9! Going to sell my BTC that i bought at 7.9 and going to stop mining with my hd6950 because it's no longer profitable. I'm only making 1.45 BTC per day, and at 6< it's goodbye time! Guess the prices are going downhill from here.
Looks like this is the scenario that is going to happen. The price of BTC will continue to drop to the price of electricity. At that point the government will buy mining equipment, while miners will be unloading their equipment, and basically sell it all. The government will buy more, and eventually the day of the miner is done. The government will just let the BTC crash upon itself. Presently the price of electricity to mine a BTC is about $0.49. As more and more government miners are set up. Then they will control maybe 90% of the network. Then they will start trading BTC back and forth between themselves, such that the transactions fees and electricity are more costs than the value of the BTC. Nobody is going to want to download 100 GB, and no miner is going to take a loss on running their equipment.
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