Whitelist Requests (Want out of here?)

[gfaust]

I would like to be whitelisted.  I'm interested in using the marketplace and mining sub forums. 

[1713899261]

1713899261

[1713899261]

1713899261

[preparation]

I would like to be whitelisted as I want to discuss in this topic:
http://forum.bitcoin.org/index.php?topic=9851.40

I tried to get the applicaiton running as a service (as others tried) and partly got this working...

best regards,
prep.

[bitfoo]

New techcrunch article:

http://techcrunch.com/2011/06/18/bitcoin-crazy/

(wanted to post this on http://forum.bitcoin.org/index.php?topic=1958.0 but couldn't)

[Icechamp11200]

Hello my name is Alex.
I'm a relatively new user of bitcoins and I find the entire subject extremely fascinating.
My favorite part about bitcoin is that the system is decentralized, and allows people to send bitcoins relatively easily to each other. I definitely will be adding bitcoin support on my graphics design website once it is complete.

I would greatly appreciate if I can get on the whitelist as I would love to take part in the thread:

https://forum.bitcoin.org/index.php?topic=16950.0

so I can improve my logo creating skills.
While I do understand why this newbie whitelist policy is in effect, Id be extremely grateful if I could be added to the list soon.   

[cecil w.]

Halloo. Just have some code I want to share. A commandline dealie.

[breminp]

Let me out, I want to ask some Q's on Pushpool's design with regards to guaranteeing individual clients can't just test out their possible solution before submitting it to the pool and avoid sending a winning hash.

[Anoynomous]

Hi,

I am an engineer and i saw this thread while surfing, http://forum.bitcoin.org/index.php?topic=8543.200. I believe i have some great updates to share as i am working on an fpga mining system which is hoped to outclass GPU mining. So, can you please drop the restrictions as i am writing this request to you instead of preparing for my exam due on monday.

regards,

[Keichtech]

Hello

Could I please be whitelisted.

I would like to start posting on the Mining forums.

As oh proof on non noob-ish I present a post (http://forum.bitcoin.org/index.php?topic=19101.0)

Thank you for your time
-Keichtech

[Stuffe]

Hello there.
I havnt posted in here ever, but I have been lurking for a few days now.
I am requesting to get normal access as I wan't to participate in a thread on the Economics board.
Also in general I don't read the Newbie section and I don't really have anything to contribute here atm. (Other than maybe "hello everyone")
Hop you can fix me.
Thanks

[Hook^]

I would like to create awareness of an economic effect of BTC mining that will make mining most likely become an near 100% illigal activity in the near future (without governmental intervention). My main point is that mining will become unreasonably expensive for all full-cost paying legal miners (who have to pay for their power consumption).

Here is my bit of theory about BTC mining:

While thinking about rational behavior of BTC users and miners I thought about the fair price of a BTC and how it is tied to the cost of mining a BTC. I realized that the current situation in which it is possible for nearly all enthusiasts to run profitable mining rigs is (probably) a short term market abnormality which is inevitably doomed to disappear soon - completely independent of the BTC price level at the exchanges. I predict the price for mining per BTC (i.e. the costs for electricity (kW/h) that has to be afforded) will in the long-term be higher than the exchange market price that can be earned for selling it - thus for 'normal' people mining will become a money-losing endeuvor. Mining will inevitably become a parasitic (mostly illegal) activity.
...

This is true.  People will start using their companies computers to mine.  However, this will break down quickly, as most computers don't have high-end GPU cards.  With just a CPU miner, you can only make a dollar or so a month now.  The complexity will be so high in 60 days, that even GPUs won't be able to make much more than a few dollars of bitcoins a month.  When your payout is only a few dollars a month, it isn't worth the effort to keep the miner app going.

There have been several rumors that a group called LargeCoin is designing a custom ASIC for hashing.  If that works out, the game is over for anyone else.  An array of 1000 custom ASIC chips could completely dominate the entire network.  When that happens, the group that makes the ASICs can take all of the $100,000 per day of bitcoins generated and keep reinvesting it into more chips until they make the difficulty so high that no one else will ever be able to compete.


Plus ASICs will cost a small fraction of the power of any other solution.  The first successful ASIC group will dominate from that point on.

[Hook^]

I would like to be let into the miner hardware section because I have run some Excel spreadsheet simulations on ROI and want to warn people that buying hardware just to mine BitCoins won't pay off.

I just bought a dual 6970 system, but I bought it before I did the simulations.  I based my purchase on one of the bitcoin calculators.  The problem is that the network is growing at 4% per day in computing horsepower.  That means that your return is losing 4% per day because you essentialy have to compete with everyone else for a fixed rate of bitcoin production per day.  It isn't exactly like that on a day-to-day basis, because the difficulty doesn't adjust continuously.  But the difficulty function adjusts often enough to almost exactly approximate you having to compete directly against everyone else.

When you take the 4% growth into consideration, your break-even goes from 2 months to never.  In my case, I spent $1,000 to produce about 700 MH/S.  Everything else remaining the same, my total cumulative bitcoin production will amount to around $200 before it reaches the cost of electricity in about 60 days.  At that point I will just have to shut it off and sell the parts to my gamer friends for half off.

The only way mining makes sense is if you already have a gaming system and mine in your off times.  But you better do it while it is still worth more than the electricity.  As I said before, that breakeven point will be reached in about 64 days from now.

Some people might say that the exchange rate of bitcoins may go up to compensate.  That may or may not be true.  But if it is, it would make more economic sense to buy bitcoins now and take the gain, rather than buying hardware to generate them. 

I wish that you could paste images directly into the messages, because I have a chart that shows the return falling off a cliff right after purchasing your equipment.

Anyway, I want to warn people not to make the same mistake I made.  The only way to beat the system now is to come out with a custom ASIC for cheap enough per chip that you could dominate the entire network and grow your hardware fast enough to knock out any competitor before they could produce their own ASIC and make a profit.

The frustrating thing about this is that I first read about BitCoin around April of last year (tax season) when I was researching anonymous banking.  I was going to invest $1,000 just as a pure speculation.  I never got around to it though.  If I had followed through, I would have around $7 million now.

[Scompee]

I just want to read the cool stuff

[chacha]

I don't understand anything that Hook (above) just posted but I hope that's not a perquisite for entry.  Could I please be whitelisted?  e

[bitprotection]

Hello,

I believe I can provide a valuable service to the bitcoin community in terms of financial backing of their wallet.dat and would like to able to participate more in the discussion 

If you want to know more visit http://www.bitprotection.info     and enter your e-mail for our future launch!

Thanks for your consideration.

[blueling]

There have been several rumors that a group called LargeCoin is designing a custom ASIC for hashing.  If that works out, the game is over for anyone else.  An array of 1000 custom ASIC chips could completely dominate the entire network.  When that happens, the group that makes the ASICs can take all of the $100,000 per day of bitcoins generated and keep reinvesting it into more chips until they make the difficulty so high that no one else will ever be able to compete.

Plus ASICs will cost a small fraction of the power of any other solution.  The first successful ASIC group will dominate from that point on.

Very interesting. If a single group dominated the mining computations (>50%) I would immediately stop using BTC. As far as I understand the proof of work concept they could this way simply ignore all blocks solved by others and only keep extending their 'own' blockchain version, wich would always eventually be the longest. They had total control over all transactions .. they could for exmple decide only to include transactions with a fee of X BTC. Or wouldn't it be that easy to ignore blocks found by the minor fraction of the processing power?

[sixshot]

Posting my request here to be whitelisted.  I doubt I would make numerous posts.  But I would like to post once a while.

There's a thread I'd like to make a reply/post on.  But it isn't very urgent.  It's just to say thanks there.  I understand if I do not make the cut to be whitelisted.  I'll just bide my time and continue to lurk around, while absorbing information.

[gpa]

I'd like to post on the others forums - I'm preparing a tiny specialized mining distribution, statically compiled etc.

[SirBruce]

I'd like to request early escape from the newbie zone.  I don't plan to post much here and I'm not even that much into Bitcoins, you can see my pitiful stats here:

http://bitcoinpool.com/index.php?do=userprofile&id=sirbruce

The only reason I want to post on the forum is to warn other users about my experience with bitcoinexchange.cc.  They gave me a quote Monday afternoon to sell my 1.33 bitcoins and sent me a confirmation.  They say all payments will post with 72 hours.  It's not been 5 days and they have neither paid me nor responded to my emails.  Basically they've ripped me off.

Thank you for your consideration,

Bruce

[GeniuSxBoY]

Total time logged in: 4 hours and 1 minutes.

[mpjetta]

Let me out, please?

I have 4 positive ratings on OTC and hate posting crap just for the sake of reaching a post count. http://www.bitcoin-otc.com/viewratingdetail.php?nick=mpjetta&sign=POS&type=RECV

Total time logged in: 7 hours and 45 minutes.