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February 13, 2014, 01:18:27 AM |
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I agree that a "proceed with caution" for mining bitcoins using a CPU vs using a GPU or any other processor should be a notice to those who wish to mine whether they mine for profit or to "help the community by running the Full-Bitcoin client" (Bitcoin.org/en/Choose-your-wallet).
Moreover, I agree that every aspect of mining should be explained. However, I whole-heartedly disagree that "there's no need to tease every user with the option [mining] when a tiny fraction of them will be using it" ( quote #5 - Remove "generate bitcoins" from Standard Client). If only a tiny fraction ... will be using it, then what is the problem if every user is teased? Also, I am appalled at "the thing I'm most worried about is people will start mining ... and will push more efficient & competent miners out of the market" (quote #9 - Remove "generate bitcoins" from Standard Client). Really, these comments explain why in 2014 people believe Bitcoin is a Madoff scam. For example, I have the Full-Bitcoin client and every inquiry or question I pose about solo Bitcoin mining (especially, "getgenerate" and/or "setgenerate <generate> [genproclimit]) I get responses "you won't make money by solo mining - join a pool." Yet, despite Satoshi warning us against third-party sites, it's apparent those responses are from those who have a capitalist centralized mentality because I get those responses despite posting I want to solo mine regardless my intentions. If I am "helping the Community" then I should be allowed to participate in solo-mining whether I do it for profit, a Satoshi, or do it because I can leave my system running the Full-Client 24/7.
I thought from reading Satoshi's genesis paper that Bitcoin was a peer2peer currency for those who participate in the network. It's people with these centralized ideas based on greed is why government regulation needs to be involved. Hell, if Bitinstant.com was up and running, then I could had easily invested my U.S. Fiat to purchase bitcoins via CVS or Walmart in addition to Solo-mining. Just think about the people who lost there. And let's not forget those who lost bitcoins using exchanges that I've read about that were hacked.
Satoshi, if you read this - please post instructions for solo-mining for those of us who are using the Full-Client. I have a AMD graphics card and I want to solo-mine, not merely for profit, but to help the community because I am running Bitcoin-QT from a computer that I can run 24/7. I am not a computer programming geek but I do hold a Master Degree in Business and have computer skills that if I need to create a Bitcoin.config file I can. I just do not understand how to use the functions in the Bitcoin-QT Debug Window:console. However, what's the use of running Bitcoin-QT 24/7 if these capitalists centralized greedy minds you have left in charge keep telling you what not to do instead of how to do it?
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