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1421  Alternate cryptocurrencies / Announcements (Altcoins) / Re: FeatherCoin - New Litecoin based coin on: August 15, 2013, 02:12:59 AM
How do I check the FTC balance? I have a current, up-to-date copy of the blockchain actively running on a newly installed version of the Feathercoin client.  Also have the backup wallet dat file.

What do I do from here to get the coins from the backup wallet data file to the newly installed client.
The coins are not in the wallet.dat file, only your addresses are. Check your addresses on the FTC block explorer to see their true balance.
1422  Bitcoin / Hardware / Re: KNC just posted pics of their case, PCB samples coming next week \o/ on: August 15, 2013, 01:01:00 AM
We want to see the Asic Chips.

eve, just stop.
Ignore list works for me Smiley
1423  Bitcoin / Hardware / Re: KNC just posted pics of their case, PCB samples coming next week \o/ on: August 14, 2013, 11:58:35 PM
Wait wait wait wait wait... that's they're Jupiter cooling? ROFLMAO. Those heatsinks are rated for peak of ~140W, not 250. And they think they can exhaust 1kw of heat with 2 standard 120mm fans?

My 1x250mm 1x200mm, 5x140mm and 2x120mm case was struggling with 800-900W. I told you those thermal simulations were really, really wrong.

Sorry to disappoint you guys, KNC lives in the clouds.

You are obviously clueless, I suggest you check the specs of the components before pretending you know better.

http://www.arctic.ac/en/p/cooling/cpu/473/freezer-a30.html

And the case fans are clearly 140mm. unless my eyes device me. Remember the case is 200mm high, about 4.5RU.


1424  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PLEASE Help! on: August 14, 2013, 11:51:21 PM
Hello Everyone,

Major issue at hand here.  My computer which was running the Feathercoin client BROKE DOWN ;-(

So I am trying to get the hard drive up and running externally using another computer as the HD is not damaged.

Seems that no matter how I try I cannot access the FTC and had over 2k on there.  When I do run the client thru the HD externally, it says my balance is zero, which I am guessing is because it is reading the other computer's motherboard.

How can I get these FTC back?  I do indeed have a copy of the wallet.dat file if that matters. Not sure how to fix but ANY help would be greatly appreciated, whether a reply to this post or a personal message to me.

THANKS !
The wallet.dat is all that matters, and an up to date copy of the block chain from which it should recreate your balance. You may have to delete your copy of the block chain if it's damaged, but check you balance on the FTC block explorer first to make sure the coins are assigned to the right address.
1425  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: August 14, 2013, 09:42:08 PM
the power supply has to be in the case ,
is not safe to keep it out and also no datacenter will accept to accommodate the miner  in this configuration
is a safety  hazard
Nonsense, ATX supplies are self contained.



no datacenter will collocate any miner with a outside atx supply
BS, the one I use will. Stop trying to spread FUD, an ATX supply is just a power brick with a fan, you are just use to people putting them inside the case for neatness.

KNC offer professional hosting of their miners at a local data center as a payable service.
1426  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: August 14, 2013, 09:38:54 PM
the power supply has to be in the case ,
is not safe to keep it out and also no datacenter will accept to accommodate the miner  in this configuration
is a safety  hazard
Nonsense, ATX supplies are self contained.

1427  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: August 14, 2013, 09:27:45 PM
Nice case and fans. BFL was at this stage almost one year ago.

BFL redesigned their cases in April when the chips actually arrived, after blowing money on stocking cases that didn't work.

1428  Bitcoin / Hardware / Re: Incoming Avalon News 8/9/2013 on: August 14, 2013, 09:25:04 PM
So it's been a week since Yufi started this thread, still no chips. What now?

1429  Bitcoin / Group buys / Re: [OPEN] - GROUP BUY of BITFURY Chips + DRILLBIT SYSTEM mining assembly on: August 14, 2013, 09:20:14 PM
Erk has a point. Any large order will ALWAYS have a lead time even if they are in stock. And the companies that are carrying BitFury chips won't have them ready to send to the ones coordinating group buys like this one until around early October.

I was thinking of ASICs specifically, you have to order a batch of wafers which take 2mths to manufacture. There is nobody that carries stocks of ASIC chips for sale, the are in too high demand to keep in stock.

1430  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Why Primecoin is Useless, Doomed to Fail? on: August 14, 2013, 05:50:21 PM
Thats because it crunches prime numbers, not SHA or Scrypt like cgminer is designed to do. Thats like designing a wallet that holds all types of coins regardless of currency structure.
So why isn't there a fork of cgminer to crunch primes? Oh wait, I forgot, it's come from the same line as PPC that doesn't even have p2pool yet does it? But other PPC/PoS forks do:

http://www.ppcointalk.org/index.php?topic=265.0

Seems Sunny King has to call the shots, it's not a community effort. So you end up with a quirky coin that's hard to software support. Still waiting for XPM to appear on coinchoose.





Primecoin does have purpose other than solving for primes. It's meant as an attack for mining market share. The plan is that this will help gain acceptance of PPCoin in the long term. Whether this actually happens we'll have to wait and see.

Sunny King says it best here:

http://www.ppcointalk.org/index.php?topic=288.msg1715#msg1715
That post says little other then FUD about LTC and PoW, it claims PoS is better then doesn't say why! There is a mining industry with millions of dollars invested around PoW coins. They are not going to go away in a hurry. Sunny seems to miss the point about the energy cost of mining. Human labor is required to provide the energy, thus creating intrinsic value for the coin. PoS want to remove that intrinsic value under the guise of energy efficiency, I see this as counter productive.


1431  Bitcoin / Group buys / Re: [OPEN] - GROUP BUY of BITFURY Chips + DRILLBIT SYSTEM mining assembly on: August 14, 2013, 05:29:47 PM
I believe Barntech posted that they were planning to purchase Bitfury chips from megabigpower. However, the site now listed bare chips as out of stock. What's the plan? And, how many more orders are needed to fund the chip purchase?
What has being in stock got to do with a group buy? Do you assume an order has to be placed only after the seller has stock, you have a lot to learn. Large orders have a lead time.
1432  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Why Primecoin is Useless, Doomed to Fail? on: August 14, 2013, 05:24:25 PM
eCoinomist: Thank you for your thread and i accept any feedback, being constructive or otherwise. But it seems almost every point you brought up could be said about any coin. Why do you think Primecoin is more useless than others?

It requires special miners, the bread an butter of mining is things like cgminer which doesn't work for xpm.
1433  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Why Primecoin is Useless, Doomed to Fail? on: August 14, 2013, 07:12:16 AM
At least with Primecoin, I can go to bed knowing, we made progress for future benefits. What can these numbers do?

I seriously doubt these prime numbers we find have any purpose at all, now or in the future Smiley

There not prime numbers, they are Cunningham chains.

http://primes.utm.edu/notes/faq/why.html

Some say they are looking for the mathematical fingerprint of God, like Carl Sagan wrote about Pi in his book Contact.

Or http://rense.com/RodinAerodynamics.htm

Perhaps they are just nutters.

1434  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Why Primecoin is Useless on: August 14, 2013, 06:28:35 AM
Same problem with fiat, no cap on how much is in circulation, very inflationary.
1435  Bitcoin / Hardware / Re: Incoming Avalon News 8/9/2013 on: August 13, 2013, 11:01:24 PM
This makes me wonder what is really going on. Because, you would think the group buy leaders would be all over this but strangely they are not except for Bicknellski. Meanwhile hashrate is jumping through the roof somehow without any chips getting out.

I have a feeling that there is some delays for the masses while the few who are privy are getting their fill while they can. Your group buy leaders may be in on the gig.
BFL have been shipping out a lot of 500GH/s units the past few weeks, and Avalon batch #3 are mining, but that's still tip of the iceberg compared to what's coming online Sep/Oct.
1436  Bitcoin / Hardware / Re: Incoming Avalon News 8/9/2013 on: August 13, 2013, 10:57:54 PM


Even at difficulty of 500mil and no change in BTC price, the gen1 chips will pull in a bit over twice the cost of electricity (for me at least, 7 cents/kwh).  The problem you stated is correct though, if the chips don't arrive in the next week or 2 tops, then we may never break even on cost of the actual hardware unless difficulty levels out or BTC price rises.

It's all about the BTC/USD price, back in 2011 I was mining BTC on a single HD5770 card, the system was hardly covering the electricity cost, so I switched off the mining. Had a known how much BTC would be worth today, I would have keep mining even if it became a small loss, and made it all back this year.

1437  Bitcoin / Hardware / Re: bitcoin ASIC mining hardware price bubble? on: August 13, 2013, 10:43:24 PM
Everything that comes as hardware in some months will have a hard time since after the diff update the difficulty went up 94% in the last 30 days. So only one month can change everything in a preorder. I wont order any asic's when its a preorder and not delivered fast anymore now.

This is a sensible attitude, the pre-order game has been exposed as pretty much nonviable so far, we don't how KNCminer will go yet, if they deliver as promised on their pre-orders then all is good, if they stall customers like Avalon and BFL then their days are numbered too.

1438  Bitcoin / Hardware / Re: bitcoin ASIC mining hardware price bubble? on: August 13, 2013, 09:54:13 PM


What's BTC/USD got to do with recovering an item valued in Bitcoins?
I didn't know you could pay your electricity bill in Bitcoins, please tell me more!
1439  Bitcoin / Hardware / Re: Incoming Avalon News 8/9/2013 on: August 13, 2013, 09:41:01 PM


Why would they do that? They just got their ASICs.

Those ahead of the curve have made a killing, those investing right now will probably lose a lot of money and then we're back to cutthroat margins, which means the price for ASICs will go down and difficulty won't matter that much when you can afford the equipment again. The pain is now.

The point is that the Avlon chips haven't arrived, so they haven't just got their ASICs. Do you realistically see any of the people mining before late September who are waiting on their chips?  By that time, the ROI will be negative, and as I mentioned before not long until the mining is no longer covering electricity costs. If you keep mining and you are not covering electricity costs, that's kind of silly.

The difficulty has doubled in the past 30days. Is there any reason why it wont be well over 100mill by the end of September? More likely closer to 200mill.
1440  Bitcoin / Hardware / Re: bitcoin ASIC mining hardware price bubble? on: August 13, 2013, 09:17:53 PM

Would you care to share the maths behind that statement?
 
The back of my napkin tells me that @ 40MH/W FPGA's are good to ~200M difficulty, ASIC Miner chips @ ~133MH/W are good until 666M difficulty - all assuming a $0.22/kWh power cost.

IMHO the difficulty can't keep rising at the current rate because it is a hell of a lot easier and therefore cheaper to go from 30TH/s to 60TH/s than from 400TH/s to 800TH/s. The next doubling to 1.6PH/s will be even more costly, unless the people building the next generation of ASICs are basically giving them away, and as the process technology shrinks down to the bleeding edge 20nm processes, the cost per wafer will actually increase...
see http://mining.thegenesisblock.com/ As you can see from the red line on the graph, the latest difficulty hike was much larger than predicted!


Bitcoin used to buy ASICS - RISKY (as most will never get ROI on their bitcoins)
USD to Asics - less risky (with btc price going up this can attain ROI with a higher chance -however, you could be able to buy more bitcoins with the cash you used to buy the asics)

risk risk risk

Many got ROI very quickly after receiving preordered unit. The key is to have the device soon, but this preorder game is like gambling
I was chatting to someone yesterday that just received his batch #3 Avalon, which cost about 100BTC all up, and was looking at 2-3mnths ROI, with today's diff hike, he will not achieve ROI unless BTC/USD price goes up.  I have a few BFL devices on back order from April/May, and they will probably not cover their power costs by the time they arrive.
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