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1.8 btc per day? This sounds a bit low for a 5870.
You're correct, it will not go from 1.8 to 1.4 in a year. It will go from 1.8 to 1.08 in 10 hours.
Anyway, I think you would lose a lot of money doing this.
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It would seem someone just went on a -1'ing spree. With only 8 posts and I already have one? Come on! If I'm going to be smitten, I want to at least feel I deserved it.  I got one too. Don't know why. Is somebody angry at me?  it's because someone doesn't like your avatar, I bet. This whole thing is ridiculous. Thank god (theymos) for the greasemonkey script.  |
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If I understand this correctly, this will be a form of DRM used to securely store your account balance.
This does sound nice in theory: everyone knows what their balance is and they can't tamper with it as it's secured by the software, the kernel (which is software too), and the hardware.
But this will fail for the simple reason that people -will- find a way to change their account balance: they'll break the encryption, break the trustworthiness to make it look as if they're trusted. If that happens, and it will, how will this system prevent that? Everyone is trusting the clients to not cheat. A broken client will obviously still claim to be trustworthy.
If you think that software is unbreakable, then look up the various DRM scheme used in games: often claimed to be unbreakable too, till someone figures it out. Just like with the PS3: it was supposed to be unbreakable...
And if you get the best programmers that don't write any bugs at all to make the perfect DRM scheme that won't fail at all, you still won't be safe: people will start playing with the hardware in order to break it.
Hope this help explain stuff a bit,
Titeuf.
exactly. Any kind of hardcoded encryption is bound to get reverse engineered at some point. |
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If I understand this correctly, my balance is saved somewhere on my computer only. What does prevent me from not increasing this balance?
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I thank you, but I have already looked there. The problem is that there are multiple entries for each card. This makes it impossible to tell which cards are actually better. For instance, the 6990 and 5970 cards are all intertwined. Certainly, the top card is a 5970, but perhaps it's just overclocked more than the others... Is there any kind of consensus as to which cards actually work out the best? clocks are also displayed. There can be quite a difference between different sdk versions, platforms and miners. I'd say 5970 > 6990 > 5870 > 6970. |
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Looking at http://bitcoinwatch.com/ we can clearly see that deebit.net mining pool has acquired the biggest minority share of the total hashing speed of the entire network. It's almost 50%. So I was wondering if this isn't a dangerous situation since who ever has control of a client with half or more of the total hashing speed could with a good chance start attacking the Bitcoin system with fraudulent double spending? they have no incentive to do so other than screwing with the system, and even if they did they couldn't do much. |
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I'm sure once slush fixes his pool we will be well below 50% again |
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I'm still not convinced that website has any direct affect, or any affect at all, on the content that appears, or may appear, on Freedom Watch.
link to the suggestions page is on freedom watch's website. |
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One issue you're going to have with this is that the chances * cost of betting are nowhere near that of other games, such as Double or Nothing.
I have a 1/5 chance of getting the first one right, and if I do, I get .002 Bitcoins. In Double or Nothing, by playing 2 times I have a 1/4 chance of winning twice, and I would earn 4 times as much if I did.
you have 4/5 chance of not stepping on the mine, not 1/5. |
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Hash Rate (khps) 1536000
Oh, And who can make a prediction as to how much i would earn in the pool every 24 hrs?
something like 11.5+- btc every 24hrs it would actually be 10 btc/day - 3% for pool fees. |
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Looks great chris, keep it up!
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How many do they pick from this list? Top 3 will be difficult to catch.
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Is it me, or is mtgox down again?
yup, "Too many connections". |
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Give it a try, transfer to d946ed601f13a46f655b508387afe769f353b3952f7a339a8277e7f19da584d8
is it down, or is my system behaving badly? After I enter my password it doesn't do anything. same here. |
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Meanwhile, the next difficulty increase occurs in 2 days and is over 16%!
The current ask price on mtgox is up to $2.50. if my math is correct (and it usually isn't) thats a 25% increase in the last hour and a much larger % over the day. The incentive to enter the market just skyrocketed. Anyone thinking of selling their old mining rigs? I don't think anyone is saying that in such case it isn't profitable, but price is based on speculation and throwing out several thousand dollars based on that is a bit absurd. |
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Anyway, all this is a bit beside the point. I believe people are not stupid and will regularly check if mining is profitable for them, this should result in fairly brief moments of mining unprofitability.
I'd agree for the most part, but it's troublesome to see people buying expensive hardware based on current difficulty ratings and expecting to pay it off in a few months. Meanwhile, the next difficulty increase occurs in 2 days and is over 16%! I totally agree with you on this one. |
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ccc 10.4, sdk 2.1 works fine for me. I get about 190 mhashes on 5770 (overclocked to 900 mhz).
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No. This is still gambling, and I don't gamble Think of it as "investing" or "managing your economy" rather than gambling. I think the difficulty level will be well above 3 times today's level by 27 April 2012. if that's the case, I will make a thread and publicly announce my stupidity. Fair enough? Anyway, all this is a bit beside the point. I believe people are not stupid and will regularly check if mining is profitable for them, this should result in fairly brief moments of mining unprofitability. |
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