Bitmark

[tdokta]

@tdokta - cool, well done! I know you had electricity supply issues, as do I when my wife sees the bills! (Naturally, I pay the mining element of these but doesn't stop 'the look'!)

Hi Andronicus.  After I made that post, I had a bit of a think about it and realised I was probably helping myself more than the coin and other miners (as you rightly mention).  So, I've now parked my miners on BTM for better or worse  You can see me on xhash as ben96c - it's a long story why I mine under that name!!

@johndec2 Thank you - yours and @melvster's responses are an intelligent appraisal of the current yo-yo mining effect. Furthermore, your method for collecting a greater quantity of BTM than straight mining is also a perfectly pragmatic approach, for your desired outcome and not for me to criticise.

However, my simple outlook is that if all miners adopted the same approach, the yo-yo effect would be even worse. It is the consistent miners, like myself, who confirm the currency at high difficulties that you have mined at low difficulty and support the network whilst other miners switch to more easily obtained currencies and perhaps trade them to BTM.

better or worse, you will see us in xhash too, also in the process of upgrade of machines, soon to point at least a gig once once operating efficiently. we have to upgrade electricity lines to our facility, which is taking a little more time than expected, almost there.

yup had that "look" a few times from others that share in the power bill, although always covered. just increased to 800mhs, soon to push through further as the supply lines increase. we have had to get 41kva transformer installed to the facility, plus new 3phase system in the pipeline. once set up looking at around 30kw of energy use ... sort of mind boggling as i can see how much we are using, and the workers that are running 30ghs wow, the numbers of machines that are running there, its almost lunacy ...

[1713989860]

1713989860

[1713989860]

1713989860

[1713989860]

1713989860

[Este Nuno]

@tdokta - cool, well done! I know you had electricity supply issues, as do I when my wife sees the bills! (Naturally, I pay the mining element of these but doesn't stop 'the look'!)

Hi Andronicus.  After I made that post, I had a bit of a think about it and realised I was probably helping myself more than the coin and other miners (as you rightly mention).  So, I've now parked my miners on BTM for better or worse   You can see me on xhash as ben96c - it's a long story why I mine under that name!!

@johndec2 Thank you - yours and @melvster's responses are an intelligent appraisal of the current yo-yo mining effect. Furthermore, your method for collecting a greater quantity of BTM than straight mining is also a perfectly pragmatic approach, for your desired outcome and not for me to criticise.

However, my simple outlook is that if all miners adopted the same approach, the yo-yo effect would be even worse. It is the consistent miners, like myself, who confirm the currency at high difficulties that you have mined at low difficulty and support the network whilst other miners switch to more easily obtained currencies and perhaps trade them to BTM.

better or worse, you will see us in xhash too, also in the process of upgrade of machines, soon to point at least a gig once once operating efficiently. we have to upgrade electricity lines to our facility, which is taking a little more time than expected, almost there.

yup had that "look" a few times from others that share in the power bill, although always covered. just increased to 800mhs, soon to push through further as the supply lines increase. we have had to get 41kva transformer installed to the facility, plus new 3phase system in the pipeline. once set up looking at around 30kw of energy use ... sort of mind boggling as i can see how much we are using, and the workers that are running 30ghs wow, the numbers of machines that are running there, its almost lunacy ...

Wow!

That is insane. Quite the operation you have going there.

Sounds like a fun project.

[mike88]

It is time to buy, the long trend line says 

http://s14.directupload.net/images/141007/67phxkl5.png

[eldinhadz]

Block chain is stuck or something? 2 sources at 44,807 block for hours.

Try to connect to 173.236.158.177

[Business]

Nice project, i wish you good luck

Hope to start a big project like you soon...

[pc888]

addnode=hashmuch.com

[coinsolidation]

The network is fine, no add nodes are required.  You can verify the height of the chain by visiting the block explorer.  Sometimes when the chain is exceptionally slow the client can be fooled in to thinking it hasn't sync'd, until the next block is found.

[eldinhadz]

The network is fine, no add nodes are required.  You can verify the height of the chain by visiting the block explorer.  Sometimes when the chain is exceptionally slow the client can be fooled in to thinking it hasn't sync'd, until the next block is found.

You are right, but he told us he has only one connection and that is not good, so one or two more Nodes can help him, also my Node is 24/7 online but you all ready know that

[johndec2]

Strange as this may sound, I'm not upset about the price sliding.. It may help break the current yoyo diff. If the price is sufficiently low when the diff changes in a few days it may stop some of the hit and run miners from being attracted to the coin and we can get some stability in the diff. 

[Este Nuno]

Lots of work being done by lots of people.

Mark has gone semi-dark to maximize productivity and seems to be working his ass off on some big projects.

Melvin is expanding Klaranet's functionality. First twitter markings:

http://klaranet.com/recent.php?uri=https%3A%2F%2Ftwitter.com%2Fklaranet1%23this

PabloAngello is working on his "Bitmarked" android app. Pablo and I had a long chat with a developer from stripe.com about how we can come up with a strategy to accept credit cards for marks. Stripe sounds like a very reasonable company who's willing to work with people to figure stuff out, and not just read off the script like you might expect with Paypal.

Leathan is working on Bitcointalk marking at the moment.

Lots of exciting developments going on now. Moving very fast.

On an unrelated note:

I notice that someone just posted asking for an invite to slack. Then their post got deleted. If that was moderation, I have to register my continual disappointment at what's going on in this sub with regard to post deletions.

For anyone who wants an invite to slack, just PM me an email a dress and I'll send you an invite.

[pabloangello]

Lots of work being done by lots of people.

Mark has gone semi-dark to maximize productivity and seems to be working his ass off on some big projects.

Melvin is expanding Klaranet's functionality. First twitter markings:

http://klaranet.com/recent.php?uri=https%3A%2F%2Ftwitter.com%2Fklaranet1%23this

PabloAngello is working on his "Bitmarked" android app. Pablo and I had a long chat with a developer from stripe.com about how we can come up with a strategy to accept credit cards for marks. Stripe sounds like a very reasonable company who's willing to work with people to figure stuff out, and not just read off the script like you might expect with Paypal.

Leathan is working on Bitcointalk marking at the moment.

Lots of exciting developments going on now. Moving very fast.

On an unrelated note:

I notice that someone just posted asking for an invite to slack. Then their post got deleted. If that was moderation, I have to register my continual disappointment at what's going on in this sub with regard to post deletions.

For anyone who wants an invite to slack, just PM me an email a dress and I'll send you an invite.

I confirm : )

Also if anyone wants to join Slack group, send me your email on priv.

[coinsolidation]

Mark has gone semi-dark to maximize productivity and seems to be working his ass off on some big projects.

Not for much longer.  Communication, talking about what will be possible was frustrating, far nicer to talk about what already is possible, so my full focus for another day or two is on this.

Email if anything urgent, I am here 16+ hours per day.

Feedback required on https://trello.com/c/3ZdeCCon/228-marking-domain-name

Thank you.

[dbkeys]

Could marking be used by on-line sellers to make prudent credit-worthiness decisions ?  If a seller can decide that a buyer is credit-worthy, then an online transaction can go much faster (i.e., no waiting for block chain confirmations). 

A seller can of course themselves maintain a database of clients, and if a client has paid with a crypto currency before, and the transactions have been validated, then the seller can choose to close a transaction online immediately, even before a single block chain validation has occurred, equalling or surpassing the speed at which an online transaction paid with via a legacy credit card can be done.

Can marking be used to make this credit-worthiness decision by sellers who have no previous interaction history with a buyer ?

[coinsolidation]

Could marking be used by on-line sellers to make prudent credit-worthiness decisions ?  If a seller can decide that a buyer is credit-worthy, then an online transaction can go much faster (i.e., no waiting for block chain confirmations).  

A seller can of course themselves maintain a database of clients, and if a client has paid with a crypto currency before, and the transactions have been validated, then the seller can choose to close a transaction online immediately, even before a single block chain validation has occurred, equalling or surpassing the speed at which an online transaction paid with via a legacy credit card can be done.

Can marking be used to make this credit-worthiness decision by sellers who have no previous interaction history with a buyer ?

I see no reason why not, marking together with identifi optionally^[1] expose a provable graph of reputation+trust (and former transactions) which could be leveraged to do this,

The same trust combined with public key cryptography and web hooks can be used to allow instant transactions between implementations.  It's very early days but we have the following trello card open.

Marking transactions already have hmac computed signatures on them from the core fields, if implementations had known signing keys they could web-hook post transfers to each other in real time, and settle out of band at end of day.

This is a way for implementations to talk to each other, so they can do transfers off chain and settle the difference between all tx at the end of the day on chain.

^[1] Markings are from persona to persona, pseudonymous and off chain, as anonymous as most solutions get.  Users can optionally say "I am persona-x on domain1 and persona-y on domain2", this exposes a graph of reputation/trust per domain, reputation with a purpose within some subject domain.  This is what we mean by optionally.

[CHALANGBINGBING]

BIT MARK


MARK KARPELES


WTF ... SAME PERSON?

[coinsolidation]

BIT MARK

MARK KARPELES

WTF ... SAME PERSON?

Yes, apparently also Mark Zuckerberg, Mark Shuttleworth, The Mark of the Beast, Satoshi Nakamoto, the love child of Stephen Hawking and Tim Berners-Lee, and a secret Nazi here to do economic war or the world.

Similarly, you are obviously from Microsoft, twice, since you are BING BING.

We were having another useful on-topic discussion.

Could marking be used by on-line sellers to make prudent credit-worthiness decisions ?  If a seller can decide that a buyer is credit-worthy, then an online transaction can go much faster (i.e., no waiting for block chain confirmations).  

A seller can of course themselves maintain a database of clients, and if a client has paid with a crypto currency before, and the transactions have been validated, then the seller can choose to close a transaction online immediately, even before a single block chain validation has occurred, equalling or surpassing the speed at which an online transaction paid with via a legacy credit card can be done.

Can marking be used to make this credit-worthiness decision by sellers who have no previous interaction history with a buyer ?

I see no reason why not, marking together with identifi optionally^[1] expose a provable graph of reputation+trust (and former transactions) which could be leveraged to do this,

The same trust combined with public key cryptography and web hooks can be used to allow instant transactions between implementations.  It's very early days but we have the following trello card open.

Marking transactions already have hmac computed signatures on them from the core fields, if implementations had known signing keys they could web-hook post transfers to each other in real time, and settle out of band at end of day.

This is a way for implementations to talk to each other, so they can do transfers off chain and settle the difference between all tx at the end of the day on chain.

^[1] Markings are from persona to persona, pseudonymous and off chain, as anonymous as most solutions get.  Users can optionally say "I am persona-x on domain1 and persona-y on domain2", this exposes a graph of reputation/trust per domain, reputation with a purpose within some subject domain.  This is what we mean by optionally.

[Este Nuno]

I just did my first twitter marking!

https://twitter.com/BitmarkNews/status/520301373611442176

Thanks @klaranet1 and @melvincarvalho!

Note: this is still in testing. Do not try this at home...yet.

[Este Nuno]

xpool.net is now operating on donations.

Zero Fees!

Nice! I hope to see some more people hashing as well as spreading the hash out a bit more.

[everything_zen]

SimpleMulti beta update: A few days ago we opened up a profit switching X11 port (3453). So it is now pretty simple to mine the most profitable X11 coins and get paid out directly in BTM, just mine with a BTM address.

We've had requests for a Scrypt profit switching port, so we're working on that - ETA is probably sometime next week.

[coinsolidation]

SimpleMulti beta update: A few days ago we opened up a profit switching X11 port (3453). So it is now pretty simple to mine the most profitable X11 coins and get paid out directly in BTM, just mine with a BTM address.

We've had requests for a Scrypt profit switching port, so we're working on that - ETA is probably sometime next week.

Thank you