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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Sukrim
Legendary
 Offline
Activity: 2618
Merit: 1006
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June 07, 2011, 11:31:06 PM |
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The ~0.2% less income (from transaction fees) currently are not really worth the immense variance you'd get even with a 20 GH/s setup imho.
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boonies4u
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June 08, 2011, 12:36:37 AM |
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I find it even cooler that our total payout is more than 1/3 of that. |
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Tawsix (OP)
Full Member
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Activity: 210
Merit: 100
I have always been afraid of banks.
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June 08, 2011, 04:31:00 AM |
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Update: Today is a good day, we've successfully gotten all seven rigs up and running! Tomorrow we will be migrating from btcmine.com to other pools (mining simultaneously on more than one pool with each card.) I will also be continuing work on a cooling system to allow for better overclocking.
Once again, thanks to everyone for your support and advice! We rode out the bumps and have entered production mode! Next on the agenda: dividends!
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eturnerx
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Activity: 84
Merit: 10
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June 08, 2011, 01:02:44 PM |
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I will also be continuing work on a cooling system to allow for better overclocking.
Let the card burn in a stock speeds for at least 72 hours before attempting an overclock. That 72 hours gives a good indication that the card is going to function just fine - so do this before the warranty is violated by over clocking. |
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bing
Newbie
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Activity: 18
Merit: 0
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June 08, 2011, 01:12:13 PM |
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Update: Today is a good day, we've successfully gotten all seven rigs up and running! Tomorrow we will be migrating from btcmine.com to other pools (mining simultaneously on more than one pool with each card.) I will also be continuing work on a cooling system to allow for better overclocking.
Once again, thanks to everyone for your support and advice! We rode out the bumps and have entered production mode! Next on the agenda: dividends!
Nice work there Tawsix! |
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Sukrim
Legendary
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Activity: 2618
Merit: 1006
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June 08, 2011, 07:02:13 PM |
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I'd rather have the whole SIN data than just current pool data, as he might have to switch again after some time elsewhere.
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Tawsix (OP)
Full Member
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Activity: 210
Merit: 100
I have always been afraid of banks.
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June 09, 2011, 03:43:54 AM |
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Update: I tried to move the rigs off of BTCmine.com today, but for some reason they did not want to form a stable connection with BTCguild or Eligius. I'll be working on it more tomorrow, but for now we'll have to deal with the 2% fee. The important thing is that we're mining.
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kseistrup
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June 09, 2011, 06:18:51 AM |
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Update: I tried to move the rigs off of BTCmine.com today, but for some reason they did not want to form a stable connection with BTCguild or Eligius. I'll be working on it more tomorrow, but for now we'll have to deal with the 2% fee. The important thing is that we're mining.
The www.bitcoins.lc pool has 0 fees. Cheers, |
Klaus Alexander Seistrup
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Sukrim
Legendary
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Activity: 2618
Merit: 1006
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June 09, 2011, 12:03:00 PM |
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Update: I tried to move the rigs off of BTCmine.com today, but for some reason they did not want to form a stable connection with BTCguild or Eligius. I'll be working on it more tomorrow, but for now we'll have to deal with the 2% fee. The important thing is that we're mining.
True. You could try the "multiple mining clients per card" tactics, so unstable connections might not affect you that much. Also btcguild + Eligius had both some smaller troubles yesterday, maybe try them again after the weekend or so. 2% fee is kinda not that much in the short run, I just wanted you to be aware, that in the longer run it might hurt a bit (and even more with increasing difficulty! Every Bitcent you mine less right now can be a week worth of work in half a year!). |
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Tawsix (OP)
Full Member
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Activity: 210
Merit: 100
I have always been afraid of banks.
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June 09, 2011, 03:54:23 PM |
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Update: I tried to move the rigs off of BTCmine.com today, but for some reason they did not want to form a stable connection with BTCguild or Eligius. I'll be working on it more tomorrow, but for now we'll have to deal with the 2% fee. The important thing is that we're mining.
True. You could try the "multiple mining clients per card" tactics, so unstable connections might not affect you that much. Also btcguild + Eligius had both some smaller troubles yesterday, maybe try them again after the weekend or so. 2% fee is kinda not that much in the short run, I just wanted you to be aware, that in the longer run it might hurt a bit (and even more with increasing difficulty! Every Bitcent you mine less right now can be a week worth of work in half a year!). I took your advice and ran two miners on each card, one pointed at BTCguild and one at Eligius. I thought that was problem, as both kept disconnecting/idleing out, but then I tried getting them to work with just one miner on each card and had the same problems. Hopefully they both stabilize soon. |
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Gui_0
Newbie
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Activity: 41
Merit: 0
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June 09, 2011, 04:47:59 PM |
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Great to know this is working, I'll probably be buying a couple more shares!  |
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Tawsix (OP)
Full Member
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Activity: 210
Merit: 100
I have always been afraid of banks.
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June 10, 2011, 05:38:08 AM |
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Update: The rigs are mining right along, I'm working on a few things to make changing settings on the rigs much easier in the future. Still working on new cooling setup. Also, sold first shares via direct transfer, everything went perfectly and we got another investor on board!
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sal002
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June 11, 2011, 02:27:12 AM |
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What happened to that hash rate?
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Tawsix (OP)
Full Member
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Activity: 210
Merit: 100
I have always been afraid of banks.
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June 11, 2011, 08:26:57 AM |
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What happened to that hash rate?
I think that my ISP was having difficulties, there has recently been a power outage problem due to some rather violent weather. We personally haven't lost power but other parts of town have. That's just my guess though, I'll be calling them in the morning concerning it. |
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Tawsix (OP)
Full Member
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Activity: 210
Merit: 100
I have always been afraid of banks.
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June 12, 2011, 06:45:51 AM |
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I will be making some big announcements tomorrow! Currently working on a rig that's giving me difficulty, other than that we're chugging along.
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DrKenobi
Jr. Member
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Activity: 64
Merit: 1
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June 12, 2011, 12:32:02 PM |
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I will be making some big announcements tomorrow! Currently working on a rig that's giving me difficulty, other than that we're chugging along.
As an investor of your share I'd like to receive information like that before they're publicly available in this forum. I'd think this gives even more incentives to invest in your share. |
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Ben Walsh (beamer)
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June 12, 2011, 12:43:00 PM |
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As an investor too I agree. How to achieve though?
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DrKenobi
Jr. Member
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Activity: 64
Merit: 1
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June 12, 2011, 01:01:04 PM |
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Maybe a PM to us known investors?
Or maybe Nefario can add a "Message Shareholders" function to GLBSE?
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Gui_0
Newbie
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Activity: 41
Merit: 0
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June 12, 2011, 01:25:19 PM
Last edit: June 12, 2011, 08:33:51 PM by Gui_0 |
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I think the best way would, indeed, be having Nefario implement a "Message Shareholders" function - in the meantime, though, you could probably make a motion with whatever it is you have to say, except the votes don't count for anything. EDIT: I do not support insider trading  |
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