Bitcoin Forum
May 22, 2024, 06:16:58 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 [82] 83 84 85 »
1621  Bitcoin / Mining / Re: Chance game ~ Mining with CPU to <10% [serious] on: April 10, 2013, 12:45:38 PM
Use threads. If your CPU has 4 cores, launch cpuminer with 1 thread to use 25% CPU. 2 threads to use 50%, and so on.

Yep, my i7's 4 cores are threaded to act like 8...though performance is still pitiful. It took me 3 days to mine .5 LTC
1622  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 10, 2013, 12:42:20 PM
What have we done...

Oh right, created Internet software that is currently drowning Gold's price in a bathtub full of tears

 Grin Grin Grin Grin
1623  Economy / Speculation / Re: $236 - What BS - Selling OUT today! on: April 10, 2013, 12:38:02 PM
Keep in mind the oldest of miners never really had anything to do with their coins until now as there were barley any merchants accepting them, but that is changing rapidly with new media exposure and saving the asses of many Cyprus investors.

ASICs represent a serious hardware investment, and ups the game and difficulty in calculating blocks. Miners will begin to fall into a couple different categories going forward-

1. Garage mines go Pro, level up with ASIC as a real business venture instead of a hobby, and compete with other professional miners in a neo-goldrush, go big or go home
2. Some will invest a little into ASIC for residual income but go no further
3. Garage miners not wanting to invest that much will convert to LTC/TRC mining instead as GPUs are still viable there, so those currencies will get a natural power boost in the wake of Bitcoins evolution
4. Fold up shop and keep their BTC locked away for later, play the markets with some of it perhaps.

But, I think most are gearing toward the first two options, and that wealth will come seeping back out to fund new hardware and business structure as more merchants accept them. Mining is about to become a full blown cottage industry.
1624  Economy / Economics / Re: could bitcoin eventually *cause* a global economy meltdown? on: April 10, 2013, 12:28:34 PM
Seems the timing is perfect.

Old world money is about to burn down with no alternative as all currencies and several world markets are set to fail all at once...

Oh hai decentralized secure easy to use rapidly deployable standard-backed Bitcoin  Grin
1625  Economy / Economics / Re: Bitcoin - The one and only? on: April 10, 2013, 12:24:06 PM
The European Central Bank at least made a plain statement about virtual schemes

A non regulated virtual money is "dangerous" for its users (and oddly put, "for the central banks "reputation"). They see it as a competitor, not as a solution!

As they should, it gives us teeth we never had before to basically start our own system and exclude THEM for a change.

Dangerous? No, a centrally controlled currency under the care of power drunk sociopaths and money backed on nothing is dangerous.
1626  Bitcoin / Mining speculation / Re: $504000 per day on: April 10, 2013, 12:21:35 PM
hey friends, TRC was hit by one of the asics and is lagging and they put in a historical fix, and we just need to get through 2 Blocks, and we will be out of our bind.  but the increased difficulty has scared the miners away, if anyone could spare any mining power for half an hour for the TRC cause, it would be so helpful right now.

thank you

and I know TRC doesn't belong over on BTC

That will be a problem for the budding sub-currencies under Bitcoin as these super powerful devices come online. Those markets are too fragile to power dump on. Bitcoin went through a natural progression in size and computing power. LTC/TRC may have some headache as that high level tech is being applied to it way too early.
1627  Economy / Economics / Re: country that massively adopted bitcoins? on: April 10, 2013, 12:19:05 PM
Once China pops and drags all currencies down with it, watch how fast people scramble to save themselves financially then. Cyprus figured that out, and the rest of the world will too soon I think. BTC is rising by the simple fact that tons of new foreign currencies are being dumped into BTC rapidly right now out of fear of big banking, as they can apparently just steal your life savings legally now.

This is only the start of what could be the most insane year in the history of the modern world.

I like bitcoin because it's the best idea of any kind I've seen in my 50+ years on earth.  Bar none.

And I use it because it makes sense: politically, economically, ethically, environmentally.

And I save it because that also makes sense.  Obviously.

But man; I've seen some shit in my time - and that whole "...most insane year in the history of the modern world." thing?  Well, that has some attraction as well.  Off with their goddamn heads.

Universal Armageddon aside, Bitcoin is most certainly a revelation on how money works using a vast computer network to ride on top of, rebuilt from the ground up for our world today. At the core I simply find it fascinating.
1628  Economy / Economics / Re: So the Chinese are joining the currency war? on: April 10, 2013, 12:08:09 PM
The Yuan is about one shake away from total failure as a currency as more and more of it has been printed and injected into the economy, which is essentially all debt based, and the check is coming due. Once their giant debt and housing bubbles explode, it will likely set off a chain reaction off the burst of all other economies as China's import needs are slashed as this megaconstruction will cease to exist in an instant, putting their global suppliers out of business. Those laid off employees will be unable to afford their homes, the mortgage bubbles around the world will implode, sending several industries spiraling out of control under loads of debt. This would fuel the Healthcare, student debt, and housing crisis brewing in the US until it has no choice but to default, rendering the USD worthless instantly. The Euro has already been teetering on edge, and a full collapse would spell the doom of Euro also. We'll all watch the entire world tear itself apart, setting the stage for possible martial law across the globe, maybe the first step to the New World Order or something similar occurring (Joe Biden used the exact words New World Order a couple days ago, as have many other Presidents and VPs over the years, what do you think they meant?), under the guise of benevolence. Hope for the best, but DO prepare for the worst, as many leading economists as well as the super wealthy elite are running for the hills, and that is not a good sign.

I've never been much of a Doomsayer, but all of that above is happening right now and can be checked factually, and a lot of smart people see it coming, http://www.thebubblebubble.com (predicted the 2008 crash with accuracy)

Get some BTC, as it might be the only currency left on Earth actually worth something soon. As the technology is robust enough to be rapidly deployed on computers and smartphones, it may well be our financial Jesus as it vacuums up the damage and converts it to a debt free economy. Once all other currencies vanish in the fire, so will the debt of those currencies. We would all be free on a cash based society again where we are our own banks and the Governments and banks lose control of the money supply. Back in our hands where it belongs.

Other countries are getting away from the Dollar as it's value is inflating and probably will more rapidly as time goes on now with USD debt spiraling out of control.

So no, it's not looking good...2013 could very well bring literal financial doom to our doorsteps around the world, unless something is quickly done about it 5 minutes ago. I have no faith that it will be fixed because at this point statistically and by the numbers, we as a global society cannot repay our debts in full, ever. The only choice is to start over and admit failure.

There is a coming currency war, and Bitcoin is our big gun. Bring it on

I completely agree, this post was also for finding out if anyone else around here have the feeling that the gauge have changed from; "world economy going for another squash the next two years" to "total disaster within two weeks"?

After everything I have seen in the last few days, as I moved from learning everything I could about Bitcoin to everything about current world economics to gauge Bitcoin's future, I almost wish I didn't know what was coming. We are headed for the end of days, enjoy your life right now, literal and philosophical war is on the horizon. I've never been one of the End of the World guys, until now. It will only take one small conflict or bank failure to send it all out the window now.

I am absolutely starting my own bug-out bag with my next paycheck and starting to shift assets into Bitcoin along with my own mining op. That is how real I think this is, and I hope to whatever God would hear me I am wrong and just waste my money.
1629  Alternate cryptocurrencies / Mining (Altcoins) / Re: Using Onboard GPU for normal Work while mining with and AMD GPU? on: April 10, 2013, 12:06:05 PM
It is a motherboard thing, most of them, not all but the vast majority, will support only onboard or only PCIE graphics at one time. Adding a graphics card to the slot will automatically disable the onboard chipset and make the card the default. Even still, most onboard graphics engines are weak anyway.
1630  Bitcoin / Mining speculation / Re: $504000 per day on: April 10, 2013, 11:23:13 AM
As the currency war progresses, and Bitcoin keeps expanding, miners will be forced to start using their coin to buy the necessary hardware to stay competitive. Until now it was more or less a garage experiment that no one predicted would do what it's doing now. There was simply nothing much to do with BTC after you mined it in the early days as no one accepted them really, so it has just been piling up in these accounts a while.

But that is changing now with more and more merchants hopping on board, and competition due to the ASIC wave that is inbound will increase dramatically. Garage GPU mines will either move forward in the new industry and throw down the big bucks to go Pro, move to Litecoin/Terracoin or some other BTC derived economy, or just sell their rigs and shut down altogether.

Such short term thinking, keep focus on the larger picture and the Bitcoin protocol's viability looks a lot rosier. We are about to enter the big leagues here and will involve serious capital, spending within the network will increase as merchants make that available. I'm just waiting for a company like Newegg to start accepting them which will propel Bitcoin's legitimacy, and the real game will begin.

This is just the beginning of something like likes of which the world has never seen, I myself am going all in.
1631  Economy / Economics / Re: Ultimate Test: For or Against Bitcoin on: April 10, 2013, 11:09:11 AM
These idiots have proven they don't understand the fundamentals behind Bitcoin and view it as just some fad Internet funny money like all those .com busts of the early 2000's, like Flooze.

So be it, leave them to champion their dying meat-world currencies. Sorry I don't have one to add
1632  Bitcoin / Mining / Re: Mining rigs: XL sized cases versus open air solutions on: April 10, 2013, 11:07:00 AM
A proper push/pull large (120mm) fan configuration back to front in an enclosed case should cool better than just letting them sit out in the open I would think. Depends on the environment they are in too though, cool spaces away from your living area are best naturally. If you live in a cold place your mining rig can double as a space heater that pays for itself  Cool
1633  Bitcoin / Mining / Re: how ot start minign on cpu without gfx card? on: April 10, 2013, 11:03:37 AM
This is what I got..

Quote
I have some remote desktops, I used to mine on them in 2011 but I don’t remember what I was doing...

now when I open them it says 'no cards found if u want to do CUD or CPU continue'. Then says 'nothing to mien on found'.

What should I install to make this running? I’m using GUI miner.


And yes I know it will be slow, but this computers are connected 24/7 so they can be small workers anyways.


I wonder what Google Translate would do with it  Grin
1634  Bitcoin / Mining / Re: what are AMD and Intel waiting for? on: April 10, 2013, 11:02:25 AM
AMD and Intel wouldn't have much interest in such a tiny market. They are geared for multi-purpose GPU, processor, and controller chip production, not FGPA or ASIC, investing in it for them would be quit expensive and risky, especially in a precarious economy at large.

But, we're seeing the rise of a new cottage industry, and we will have enough supply from them (assuming BFL lifts it's smokescreen soon, they have delivered product in the past so I have faith they will make it. New chip design and relatively new business, and new industry, there are bound to be setbacks and delays at this stage, get over it or go home! Everyone involved with Bitcoin at every level is taking a risk).

Companies like Avalon and BFL could someday be the new Intel or AMD of the ASIC/FPGA world for all we know down the road.

1635  Economy / Economics / Bubble Trouble, or is it? on: April 10, 2013, 10:47:01 AM
In all likelihood a speculator driven bubble, yes this is a massive bubble that will probably crash soon enough...my bet would be on that scenario like it is for many others if Bitcoins past is any indication.

But, what if it isn't a bubble? The only way I can see it is if this is only the beginning sign of the world waking up to Bitcoin and it's potential. In a world where your bank can simply seize your money if they want or simply fail and take your savings with it, and a pending total failure of the world's economy, people want out desperately. Name me one currency or asset other than Bitcoin they can go to that is appreciating and not riddled with policy failure and imminent full-tilt collapse.

 BTC may be inflating because Regular Joe no longer trusts his bank and is moving what he has left into Bitcoin as the only legitimately growing, debt free, hard backed economy that no one entity has control over. That is comforting to me after getting bank-raped in the past. Those poor souls in Cyprus know it. I know it too which is why I am indeed hedging my bet for Bitcoin being the future of the world as the past one finally breaks down for good. More and more people are turning to Bitcoin and feeling the same sense of financial liberation we do, and it feels good. This is only a bubble if everyone pulls out. But it begs the question, pull out to what? The Failing Dollar, Failing Euro, Failing Yuan, depreciating Gold? Stock Markets that may not exist in a year? Industries that may all be underwater soon? There certainly are just speculators trying to make a quick buck before it all goes down in flames, but I think most see Bitcoin as much more than that. It is a new ideal, a new movement, a protest against government greed and corruption, a middle finger to the banks, real crypto-anarchy in its finest form. Everyone who puts 1 red cent into Bitcoin is telling the old system "go f*ck yourself we'll make our own, thanks for nothing!". Bitcoin enables us to reclaim our wealth by pulling the rug out from under a failed world standard and reformat it systematically back a backed, debtless, fair market economy that no government can manipulate to their will and crooked agendas.

It gives us all an option we never had before and I think people are starting to see it despite the hype and hinder with the new wave of media reporting in relation to Cyrus. We can simply go around the governments and banks with Bitcoin and leave them in the dust to wallow in their worthless home currency now. At no point in history could Americans just go around the FED like this by establishing our own currency standard. The People's Money. Take control of money back by forcefully divorcing it from the Government and other central control.

Of course the real thing is much more complicated than that and will absolutely run into opposition eventually. The FED doesn't like anyone eating its sack lunch...

Bitcoin has the power to change our world, and I feel it just may be instrumental in our salvation after the looming Financapocalypse.

Bubble or the beginning of a massive currency shift from scared (and they should be) citizens...we shall see
1636  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin FPGA Production - Serious Inquiry on: April 10, 2013, 09:44:38 AM
There do exist FPGA's suitable for the job. Scrypt's main issue that it is incredibly memory intensive, where SHA256 is highly processor based and uses little memory. FPGA rigs would vastly outperform GPUs and cost much less to operate long term. GPUs work because they are designed for the memory intensity of graphics processing and delivery, which a regular processors fast cache memory is also applicable, FPGAs can follow the same path but just be much faster to hash and power efficient. Up front cost for these benefits however, is higher.
1637  Alternate cryptocurrencies / Mining (Altcoins) / Re: Using Onboard GPU for normal Work while mining with and AMD GPU? on: April 10, 2013, 09:02:19 AM
Usually most motherboards don't support using both Onboard and and PCIE at the same time, it's one or the other. If the board detects a card onboard graphics are disabled automatically. Like say, most boards with onboard video, but not all.
1638  Alternate cryptocurrencies / Altcoin Discussion / BlockBurner LLC - Crucible FPGA Scrypt Miner - Announcement Aug-19 on: April 10, 2013, 08:55:18 AM

Hello, my developing crypto-currency business, BlockBurner (mostly a blog atm, but more to come), is researching feasibility in the generation of a real FPGA Scrypt Litecoin mining appliance, specialized for the task much like the SHA256 FPGA's and ASIC's Bitcoin is about to begin running on.

To do this, there are a few things I need to know from the crypto-currency community, please answer each question if you respond to this post-

1. Do you think the market and community is ready for FPGA Litecoin?

2. Is there definite interest in FPGA Litecoin machines? Would you buy one if the price was reasonable? What is reasonable?

3. Would you pre-order one to support first round funding for prototyping and first wave production? (I'm no one but a lowly computer specialist and budding entrepreneur burned by Big Banking already, so this would have to be crowd funded to get started without a loan shark involved. You would be relying on me to deliver the goods and not squander the investment with idiotic decisions, even still you would stand to lose your pre-order through economic issues and unseen factors, so there is a risk to early adopters as with all things, though Im thinking of other incentives for early participants once it gets off the ground, what kind of incentives come to mind to make the investment more attractive to you?)

I am quite serious here and have had correspondence with a few FPGA/ASIC specialists to case exactly how much funding would be required for prototyping and limited production run. Though it would be reckless to proceed with it without getting community input, and I want to build a device that is based on your feedback so we get exactly what you want at the price you want.

What do you think? Time to elevate Litecoin to the next level as we did with Bitcoin? Would you help BlockBurner achieve this goal though community support? Should I jump off a cliff covered in green jello?


Updated 4/25

FAQ

BlockBurner news:

BlockBurner Forums

BlockBurner subReddit


The Team (still developing):

Operatr - Administration/Operatations
Cheshyr - FPGA/Project Management
Zalfrin - FPGA Development


Project Overview

Design Goals:

Modular Scrypt FPGA system
USB Connectivity
Stand alone/Rack convertible casing for scalability
Associated open source software package


I have had a few PMs and have seen questions regarding pre-orders for this project:


On Pre-Orders

Any pre-order campaign will be associated with the current stage of development. Unlike other producers there will be no pre-orders until a certain capital requirement is met meeting the estimated costs associated with that stage. At this stage it would be in generating a working prototype device. I am taking a community approach for complete transparency, every transaction would be made public knowledge as I think if you are willing to take a chance on us, you should know exactly what your money is funding and see it develop before your eyes.

This approach minimizes risk and gives a linear progression of development that is seen by the whole community.

I don't believe it is fair to hold pre-orders in a way that in a way fakes it as if it is a real product sold online, knowing full well it does not exist. I think this practice itself is fraudulent in nature itself.

Prototype Stage

Proto-adopters would be taking the bulk of the risk, as such we would work out some other kind of benefit to funding assistance at this stage. I am open to ideas on what you would like to see if you opted to be a proto-adopter.

A known price point will be known before any pre-order campaing begins with a known cap to hit, all pre-order capital going into third-party escrow until the needed amount is reached. Otherwise it would be returned to you. This could be receiving a prototype device to help with testing or some kind of future revenue sharing.

Production Stage Once a working prototype is created, we will then move on to casing actual production costs, and much like the Proto stage, will have a certain goal needed before any capital is invested.

To do this will require a crowd-sourced effort, which would be conducted through various forums as well as things like Kickstarter campaigns and the like.


Thank you in advance for your time and support,

Operatr
BlockBurner.net
1639  Bitcoin / Mining / Re: Custom Spec Mining on: April 10, 2013, 08:15:12 AM
Totally, I'm building one myself as a GPU rig as well as future support for ASIC devices whenver they ship out (im in the queue).

Once ASIC power gets cranked up GPU mining will start dying as the difficulty will increase dramatically. Though, Litecoins and other Bitcoin derivitives are still in GPU stage, so you can mine something else too. LTC is cheap right now, but imagine if someday it grows to where Bitcoin is now riding the coattails.



My rig is as follows, all in all coming in for around $800 so far not including a case (building that myself) http://www.blockburner.net/garden-party-bitcoin-mining-rig-build-begins/ -

Motherboard

GIGABYTE GA-990FXA-UD3 AM3+ AMD 990FX SATA 6Gb/s USB 3.0 ATX AMD Motherboard

I chose this board as the price point was decent, fairly solid brand, and can accept 4 full size PCI-x16 cards for future expansion.

Processor

AMD Sempron 145 Sargas 2.8GHz Socket AM3 45W Single-Core Desktop Processor SDX145HBGMBOX

Nothing too special is needed here, as the CPU won’t be doing a whole lot in terms of block crunching. I can still be viable to generate a little extra Litecoin cheddar though, but GPUs are still better at it by far.

Memory

G.SKILL 2GB 240-Pin DDR3 SDRAM DDR3 1333 (PC3 10600) Desktop Memory Model F3-10600CL9S-2GBNT

Again nothing special, 2gb should be just fine to let the OS breathe deep.

Power

SILVERSTONE ST85F-P 850W ATX 12V v2.3 / EPS 12V 80 PLUS SILVER Certified Full Modular Active PFC Power Supply

 

This beast should allow expansion to run all 4 graphics cards eventually. Just as a computer builder, it is never a good idea to skimp on your power supply.

HDD

I wanted to run this thing from a flash drive, it cost about $8 for an 8gb stick, and is so generic I’m not going to bother to look up the exact one I ordered.

Video Cards

So far, 2x Sapphire Dual X 7850s were ordered just today for a hashing capacity of around 600-700 MHash/s, eventually Ill add 2 more to up to around 1.5 Ghash/s
1640  Bitcoin / Mining / Re: how ot start minign on cpu without gfx card? on: April 10, 2013, 08:06:25 AM
Retype this in English and maybe someone will answer your question, jesus
Pages: « 1 ... 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 [82] 83 84 85 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!