Swedish ASIC miner company kncminer.com

[Phoenix1969]

its out now... http://www.kncminer.com/userfiles/file/kncminer-0.98.1.bin
same as beta I hope... lol

[Bitcoinorama]

it's not, the beta was explicitly to address die zero, but anyone can apply, 9.8.1 production - there's some minor improvements, but Phoenix your boxes are happy as they are...

[FiatKiller]

Ok, after a couple of hours in, the hardware error rate is approaching what it was before, but the %rejects HAS improved with FM 0.9.8.1 down to 0.17% from 1.59% before, so nearly 90% reduction in rejects!

Being flash-happy pays off! lol

[xyzzy099]

Mining exploit:

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

Ouch, that sucks.  Seems like there ought to be a way to detect this though, since you can't change the timestamps on solved blocks.  Should be obvious if someone is holding blocks back consistently to implement this attack, no?

[jelin1984]

mine jupiter with 0.98.1 hashing and then go down to 0gh
why that happen?

[FiatKiller]

mine jupiter with 0.98.1 hashing and then go down to 0gh
why that happen?

try to flash enablecores over top of it

[jelin1984]

no i reboot and reinstall and will see
but i do not like that my jupiter with 0.98.1 frimware go to zero
 

[xstr8guy]

Mining exploit:

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

Ouch, that sucks.  Seems like there ought to be a way to detect this though, since you can't change the timestamps on solved blocks.  Should be obvious if someone is holding blocks back consistently to implement this attack, no?

Although this is definitely off-topic, I think this is important enough to post everywhere.

I did my part and switched from BTCG to BitMinter.  Although it looks like BitMinter is getting a LOT of stales recently.  Strange.  Is someone testing out this theory already? 

[sickpig]

Mining exploit:  

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

any pointers to ongoing discussions between btc devs, here on btctalk or everywhere else?

found it nevermind and sorry for the noise: https://bitcointalk.org/index.php?topic=324413.0

[xyzzy099]

Mining exploit:  

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

any pointers to ongoing discussions between btc devs, here on btctalk or everywhere else?

found it nevermind and sorry for the noise: https://bitcointalk.org/index.php?topic=324413.0

Thanks for the link.

[soapmodem]

Official 0.98.1 is up:

http://www.kncminer.com/userfiles/file/kncminer-0.98.1.bin

[Biomech]

Why would anyone want to convert a promising sound currency for an exponentially-printed-to-oblivion/give-inflation-to-bankers-enslave-everyone-else/no-control-over-your-money corrupt currency?

Because in the real world utility bills, financial contracts, tax obligations, etc. are paid with... Fiat money?

 

Your "promising sound currency" is just that, a promise which did not became reality (yet?), while your "exponentially-printed-to-oblivion/give-inflation-to-bankers-enslave-everyone-else/no-control-over-your-money corrupt currency" is what everyone in all civilized nations use to pay their debts.

So, going back to the context of that reply, you're mining for food/debts?

Aren't you? At least in part?

When I was mining gold in my youth, I did it for the money. Partially. I also did it for the adventure, the time spent in places that civilised people were unaware of or afraid of, and for the pure hell of it. But the money was definitely a motivator, if not the only one.

Had I known then what I know now, I would have held at least half my gold instead of selling it all, but I was VERY young.

When I get sufficient resources to start bitcoin mining, I will probably convert about half of it to fiat on the upswings in price, and hold the rest. It seems to be steadily trending toward the mainstream. It even made the front page of the Idaho Statesman yesterday. Not exactly an innovative newspaper. I doubt that bitcoin will ever replace national currencies, but I think it will be a stronger and stronger side currency.

Short Form. I think BTC will continue to rise against traditional fiat, and I think of it more as a store of value than a daily currency.

[FeedbackLoop]

Thanks for sharing your experience. Really value it.

Aren't you? At least in part?

No. Not even in part. For that I use a day job that fulfils that need completely (fortunately) and I think that's the case with the majority of the people in this thread (not saying that mining full time is not OK but then you will be competing with hobbyists/small investors in a way not seen in other investments, which is beneficial to Bitcoin like I discussed in an earlier post). You can start drawing future scenarios for my person or define "food" and "debt" in such a way that you can say "at least in part" but then there's very little meaning in the question: "what are you mining for?".

Short Form. I think BTC will continue to rise against traditional fiat, and I think of it more as a store of value than a daily currency.

I prefer to think of it as "mostly currency" with properties that make it hold value better in it's money aspect than most FIAT currencies, but I really don't think anyone wants us to debate that here and I'm not that interested in definitions.

Cheers!
 

[seanrarey]

Mining exploit:  

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

"large mining pools are a threat to the system.

"Miners should therefore break off from large pools until no pool exceeds the threshold size, and so no pool can benefit from the Selfish-Mine strategy," Eyal and Sirer wrote."

Sound familiar guys?

Those of us using 28nm technology are at the forefront in mining right now.  What we do can surely affect the future of the currency.  We are powerful, and the powerful should exercise wisdom when using their power.  This applies to mining.

In a former post I was criticized for my warnings.  I am not sure why anyone would want to make their investment worthless by doing something to harm the ecosystem they are mining in... potentiality making their miner worthless if the system fails.  Some posted that it "should fail" if it cannot withstand ignorance and greed.

I do not agree.  I have power.  You have power.  I again ask those that want to be a positive, balancing force against the threat of consolidation to get out of the big pools that are becoming a threat to our future income and join me in smaller, diversified pools to make our network stronger; more resistant to this kind of attack, and viable for long-term profit.

[MrHempstock]

Mining exploit:  

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

"large mining pools are a threat to the system.

"Miners should therefore break off from large pools until no pool exceeds the threshold size, and so no pool can benefit from the Selfish-Mine strategy," Eyal and Sirer wrote."

Sound familiar guys?

Those of us using 28nm technology are at the forefront in mining right now.  What we do can surely affect the future of the currency.  We are powerful, and the powerful should exercise wisdom when using their power.  This applies to mining.

In a former post I was criticized for my warnings.  I am not sure why anyone would want to make their investment worthless by doing something to harm the ecosystem they are mining in... potentiality making their miner worthless if the system fails.  Some posted that it "should fail" if it cannot withstand ignorance and greed.

I do not agree.  I have power.  You have power.  I again ask those that want to be a positive, balancing force against the threat of consolidation to get out of the big pools that are becoming a threat to our future income and join me in smaller, diversified pools to make our network stronger; more resistant to this kind of attack, and viable for long-term profit.

Good intentions, but will end up kind of like voting. You may actually have the right answer for the right reasons, but your single vote won't matter much. Organizing a multitude of votes, yes. But the "masses" will always vote with the sheep mentality. Or, in this case, the pools with the best fee/payout structures.

[xyzzy099]

Mining exploit:  

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

"large mining pools are a threat to the system.

"Miners should therefore break off from large pools until no pool exceeds the threshold size, and so no pool can benefit from the Selfish-Mine strategy," Eyal and Sirer wrote."

Sound familiar guys?

Those of us using 28nm technology are at the forefront in mining right now.  What we do can surely affect the future of the currency.  We are powerful, and the powerful should exercise wisdom when using their power.  This applies to mining.

In a former post I was criticized for my warnings.  I am not sure why anyone would want to make their investment worthless by doing something to harm the ecosystem they are mining in... potentiality making their miner worthless if the system fails.  Some posted that it "should fail" if it cannot withstand ignorance and greed.

I do not agree.  I have power.  You have power.  I again ask those that want to be a positive, balancing force against the threat of consolidation to get out of the big pools that are becoming a threat to our future income and join me in smaller, diversified pools to make our network stronger; more resistant to this kind of attack, and viable for long-term profit.

If it turns out that bitcoin cannot exist without your altruistic self-sacrifice, bitcoin will die soon and deservedly.  I predict that a more robust solution will presently emerge, and again, your noble self-sacrifice will be no more than another one of those memories you use to convince yourself you are better than the other greedy, self-interested, animalistic excuses for humanity that make up the rest of the species you were unfortunate enough to be born into.

[seanrarey]

Mining exploit:  

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

"large mining pools are a threat to the system.

"Miners should therefore break off from large pools until no pool exceeds the threshold size, and so no pool can benefit from the Selfish-Mine strategy," Eyal and Sirer wrote."

Sound familiar guys?

Those of us using 28nm technology are at the forefront in mining right now.  What we do can surely affect the future of the currency.  We are powerful, and the powerful should exercise wisdom when using their power.  This applies to mining.

In a former post I was criticized for my warnings.  I am not sure why anyone would want to make their investment worthless by doing something to harm the ecosystem they are mining in... potentiality making their miner worthless if the system fails.  Some posted that it "should fail" if it cannot withstand ignorance and greed.

I do not agree.  I have power.  You have power.  I again ask those that want to be a positive, balancing force against the threat of consolidation to get out of the big pools that are becoming a threat to our future income and join me in smaller, diversified pools to make our network stronger; more resistant to this kind of attack, and viable for long-term profit.

Good intentions, but will end up kind of like voting. You may actually have the right answer for the right reasons, but your single vote won't matter much. Organizing a multitude of votes, yes. But the "masses" will always vote with the sheep mentality. Or, in this case, the pools with the best fee/payout structures.

Ok, How is this.  https://give-me-coins.com  Zero fees, easy to use for nuubs, payout good as any.

Of course if too many people jump over there, the problem starts over.  That is why I advocate to find one you like on your own, but for now, that is one of a great many great, small pools that we could be using to help diversify the network instead of "being the sheep" as you put it and and blindly going over the cliff en-mass.

[MrHempstock]

Hey, the lemurs did it for a good cause.

Disney.

[jelin1984]

Ok, How is this.  https://give-me-coins.com  Zero fees, easy to use for nuubs, payout good as any.



What is the pin code that I must put at register page???

[seanrarey]

Mining exploit:  

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

"large mining pools are a threat to the system.

"Miners should therefore break off from large pools until no pool exceeds the threshold size, and so no pool can benefit from the Selfish-Mine strategy," Eyal and Sirer wrote."

Sound familiar guys?

Those of us using 28nm technology are at the forefront in mining right now.  What we do can surely affect the future of the currency.  We are powerful, and the powerful should exercise wisdom when using their power.  This applies to mining.

In a former post I was criticized for my warnings.  I am not sure why anyone would want to make their investment worthless by doing something to harm the ecosystem they are mining in... potentiality making their miner worthless if the system fails.  Some posted that it "should fail" if it cannot withstand ignorance and greed.

I do not agree.  I have power.  You have power.  I again ask those that want to be a positive, balancing force against the threat of consolidation to get out of the big pools that are becoming a threat to our future income and join me in smaller, diversified pools to make our network stronger; more resistant to this kind of attack, and viable for long-term profit.

If it turns out that bitcoin cannot exist without your altruistic self-sacrifice, bitcoin will die soon and deservedly.  I predict that a more robust solution will presently emerge, and again, your noble self-sacrifice will be no more than another one of those memories you use to convince yourself you are better than the other greedy, self-interested, animalistic excuses for humanity that make up the rest of the species you were unfortunate enough to be born into.

I am not sure why you call it "self sacrifice".  I make the same amount of money mining as anybody else; more, actually, because I don't pay pool fees.  Why is asking people to "mine smart" self sacrifice?

It is actually self serving.  I have benefited greatly from the experiment we call Bitcoin, and I want it to be around for a long time so I can benefit much more.

Hardly "self sacrifice".