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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3859322 times)
organofcorti
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June 07, 2013, 02:54:15 PM
 #9761

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?


If you cant mine for coins you have to buy them, people selling BTC here in the UK charge a premium (up to about 10%), bank transfers to exchanges are pretty much non existent.
an item costing £80 on amazon is most likely going to cost more somewhere else e.g (insert Btc store here) due to lack of purchasing power.
And for newbies, the hassle of setting up the wallet, finding stores, obtaining Btc (no easy task)

Everyone can afford a GPU, not many can afford 2k+ for asic.


So it's more expensive for people in the UK - that sucks. That's not everyone though.

Most people can use bitpay, it's same price as using a credit card without everyone knowing you just bought "Busty beauties 7" online. I'm not sure why you're unable to use it?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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valladex
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June 07, 2013, 03:08:30 PM
 #9762

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?


If you cant mine for coins you have to buy them, people selling BTC here in the UK charge a premium (up to about 10%), bank transfers to exchanges are pretty much non existent.
an item costing £80 on amazon is most likely going to cost more somewhere else e.g (insert Btc store here) due to lack of purchasing power.
And for newbies, the hassle of setting up the wallet, finding stores, obtaining Btc (no easy task)

Everyone can afford a GPU, not many can afford 2k+ for asic.


So it's more expensive for people in the UK - that sucks. That's not everyone though.

Most people can use bitpay, it's same price as using a credit card without everyone knowing you just bought "Busty beauties 7" online. I'm not sure why you're unable to use it?

dont you need Btc to start with to use Bitpay though?
ewitte
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June 07, 2013, 03:11:33 PM
 #9763


Everyone can afford a GPU, not many can afford 2k+ for asic.


With the K16 project its not going to be necessary to drop 2k for ASIC.  At current chip prices its closer to $300 for 4.5GH/s.  Cheap enough for DIY to still exist but GPUs will quickly become useless.

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valladex
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June 07, 2013, 03:19:52 PM
 #9764


Everyone can afford a GPU, not many can afford 2k+ for asic.


With the K16 project its not going to be necessary to drop 2k for ASIC.  At current chip prices its closer to $300 for 4.5GH/s.  Cheap enough for DIY to still exist but GPUs will quickly become useless.


is that the same as the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!
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June 07, 2013, 03:23:48 PM
 #9765


is that the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!

Avalon is selling chip productions in minimum batches of 10000 there are a good dozen people implementing these.  Yes 4.5GH/s will likely be the new 450MH/s Cheesy  We are basically just swapping a $300 450MH/s video card with a $300 4.5GH/s ASIC.  At least until even newer ASICS are released.

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valladex
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June 07, 2013, 03:34:17 PM
 #9766


is that the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!

Avalon is selling chip productions in minimum batches of 10000 there are a good dozen people implementing these.  Yes 4.5GH/s will likely be the new 450MH/s Cheesy  We are basically just swapping a $300 450MH/s video card with a $300 4.5GH/s ASIC.  At least until even newer ASICS are released.

will there be a plentiful supply of chips? if so all is well and good  Wink  

edit-- found my own answer, at least the end of the year, im a little less bitter towards ASIC now.  Grin
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June 07, 2013, 03:46:51 PM
 #9767


will there be a plentiful supply of chips? if so all is well and good  Wink 


Sub $50 USB sticks would do wonders for affordability (and difficulty!).  Its all possible as long as some manufacturer is still producing.

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valladex
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June 07, 2013, 03:52:24 PM
 #9768


will there be a plentiful supply of chips? if so all is well and good  Wink 


Sub $50 USB sticks would do wonders for affordability (and difficulty!).  Its all possible as long as some manufacturer is still producing.

nearly pre ordered some usb, but at BTC2 its cheaper to get a 6870 gpu for same hashes and a gaming system or 2 after.
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June 07, 2013, 04:03:52 PM
 #9769


nearly pre ordered some usb, but at BTC2 its cheaper to get a 6870 gpu for same hashes and a gaming system or 2 after.

Current USB price is ridiculous.  One chip costs closer to BTC0.08 price is high because they are not available in large quantities yet

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ZipTheRip
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June 07, 2013, 04:33:05 PM
 #9770

2013-06-07 12:32:33: Running command: poclbm.exe ZipTheRip.6850:cash@stratum.bitcoin.cz:3333 --device=0 --platform=1 --verbose -r1 -v -f 5 -w 128
2013-06-07 12:32:33: Listener for "6850" started
2013-06-07 12:32:36: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:36, started OpenCL miner on platform 1, device 0 (Barts)
2013-06-07 12:32:36: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:36, checking for stratum...
2013-06-07 12:32:36: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:36, no response to getwork, using as stratum
2013-06-07 12:32:50: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:50, Verification failed, check hardware! (1:0:Barts, 2c5351ea)
2013-06-07 12:32:57: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:57, Verification failed, check hardware! (1:0:Barts, 03c45553)
2013-06-07 12:32:58: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:58, Verification failed, check hardware! (1:0:Barts, 7b6bdb9d)
2013-06-07 12:33:00: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:33:00, Verification failed, check hardware! (1:0:Barts, 1c3be855)
2013-06-07 12:33:12: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:33:12, Verification failed, check hardware! (1:0:Barts, 0704577d)
2013-06-07 12:33:17: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:33:17, Verification failed, check hardware! (1:0:Barts, 832d17b7)



Just atarted happening, whats going on? any insight or help would be apperciated.
Psyrick
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June 07, 2013, 04:46:19 PM
 #9771

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

BORG 1TA3CQfApBtHafdCRkXAUj2XiaHipPgVA
digital
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June 07, 2013, 04:58:38 PM
 #9772

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

It's really not much to worry about.  If you'd have been watching the price for the last two years you would realize that this is the most stable it has been since it was around $5 / btc.  The price of btc has been super volatile over the last 2-3 years...

Nothing to see here, move along...

If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20  50051.100  53668.0  53788.0  53571.0  53571.0  52212.0  50729.0  114804.0  115468  78106  69061  58572  54747
diskodasa
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June 07, 2013, 05:08:37 PM
 #9773

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

You said it!!!

Withdraws from MtGox in EUR is on hold for more than 2 weeks....

1Hek4mF4sHcpEJpQdeKwN2i1rVrK5JcZuy
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June 07, 2013, 05:30:16 PM
 #9774

Someone dumped a lot of BTC on to Gox last Sunday cueing the initial big value drop. This was followed by a smaller dump today which has accelerated the drop.


I imagine it will rise again until the next dump.
bigbeninlondon
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June 07, 2013, 05:44:53 PM
 #9775

So I was under the impression that the difficulty just meant that blocks were found more slowly.  But it appears that my hashrate has fallen about 20% across all of my miners.  Is this to be expected?  I'll check the miners when I get home, but I thought my MH/s would remain unaffected, I would just have a smaller payout.

I guess I'm still a little unclear how the difficulty affects the mining.  Can someone enlighten me on what my expectations should be?
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June 07, 2013, 06:02:23 PM
 #9776

So I was under the impression that the difficulty just meant that blocks were found more slowly.  But it appears that my hashrate has fallen about 20% across all of my miners.  Is this to be expected?  I'll check the miners when I get home, but I thought my MH/s would remain unaffected, I would just have a smaller payout.

I guess I'm still a little unclear how the difficulty affects the mining.  Can someone enlighten me on what my expectations should be?

The Pool GH/s has gone up another 1,000 gh/s which effects pay out % not your hashrate, nor would a diff increase that happened yesterday morning effect a hasah rate a day later....

 However you are saying your HASHRATE went down.... I know some IP's were offline all morning so maybe you were using those ip's and therefore not mining for an hour or 2.
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June 07, 2013, 06:05:20 PM
 #9777

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

It's really not much to worry about.  If you'd have been watching the price for the last two years you would realize that this is the most stable it has been since it was around $5 / btc.  The price of btc has been super volatile over the last 2-3 years...

Nothing to see here, move along...
And my bot love it(volatility)... It making me BTC...
So I was under the impression that the difficulty just meant that blocks were found more slowly.  But it appears that my hashrate has fallen about 20% across all of my miners.  Is this to be expected?  I'll check the miners when I get home, but I thought my MH/s would remain unaffected, I would just have a smaller payout.

I guess I'm still a little unclear how the difficulty affects the mining.  Can someone enlighten me on what my expectations should be?
Hashrate follen? Reword or hashrate? If you didn't lost a card it shouldn't drop. Unless you are spiking about reword for block...
AngelusWebDesign
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June 07, 2013, 06:35:08 PM
 #9778

What's up with the Russian text on the "My Account" page? Has the site been hacked or something?
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June 07, 2013, 06:37:16 PM
 #9779

What's up with the Russian text on the "My Account" page? Has the site been hacked or something?

Think you might have to reselect your language flag.
bigbeninlondon
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June 07, 2013, 06:39:40 PM
 #9780

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

It's really not much to worry about.  If you'd have been watching the price for the last two years you would realize that this is the most stable it has been since it was around $5 / btc.  The price of btc has been super volatile over the last 2-3 years...

Nothing to see here, move along...
And my bot love it(volatility)... It making me BTC...
So I was under the impression that the difficulty just meant that blocks were found more slowly.  But it appears that my hashrate has fallen about 20% across all of my miners.  Is this to be expected?  I'll check the miners when I get home, but I thought my MH/s would remain unaffected, I would just have a smaller payout.

I guess I'm still a little unclear how the difficulty affects the mining.  Can someone enlighten me on what my expectations should be?
Hashrate follen? Reword or hashrate? If you didn't lost a card it shouldn't drop. Unless you are spiking about reword for block...

Both; And I have several machines mining, and they've all dropped off.  Some 10%, some 25%.  But across the board, every device has lost hashing power.

I know that Slush's report of my hashrate can be a little off, but it's been consistently down since yesterday AND the reward has fallen in tandem.
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