Bitcoin Discussion Thread Part 2

Snap,got .66 BTC unconfirmed and i've only got .16.

Anyway,a 6% drop is not too bad.But with the price went up and difficulty dropped,i'd expect some people to come back.
 
Yes, my unconfirmed stat seems off. The final is 100% correct.

My unconfirmed went from 16 to 0.1, with a 7tbc payout... so yes, the estimate is clearly broken.
 
Spare-Flair said:
ixcoin is collapsing. Their value in bitcoins went down a third. They are getting more and more worthless as you can't exchange them into bitcoins at a rate competitive with actually mining bitcoins anymore. It now takes 400 ixcoins to exchange for a single bitcoin. It used to be around 166.
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Ixcoin is some kind of hoax or attempt to disrupt Bitcoin. The "person" who created the branch, Thomas Nasakioto, is an anagram of Satoshi Nakamoto.
 
tsd said:
Yes, my unconfirmed stat seems off. The final is 100% correct.

My unconfirmed went from 16 to 0.1, with a 7tbc payout... so yes, the estimate is clearly broken.
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So that means i only get .16 instead of the .66?

On a side note,got a friend of mine joined with 2400+ MH/s :D Wish i could convince some others with their 20-40GH/s plants.
 
Silent Knight said:
So that means i only get .16 instead of the .66?

On a side note,got a friend of mine joined with 2400+ MH/s :D Wish i could convince some others with their 20-40GH/s plants.
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The exact calculation is: your_valid_shares_in_last_n_shares / last_n_shares * 50
where last_n_shares = difficulty/2

I will fix the estimates, eventually I want to be able to payout unconfirmed shares ;)
 
Parja said:
Ixcoin is some kind of hoax or attempt to disrupt Bitcoin. The "person" who created the branch, Thomas Nasakioto, is an anagram of Satoshi Nakamoto.
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The worst part is the idiot who created it had already mined about half a million coins for himself before even releasing it.
 
Apparently posting funny you tube videos is thread capping. I received an infraction for it earlier in the thread. You may want to remove it, just a heads up.
 
Joined Simplecoin to see what all the fuss was about.. holy CRAP do I like the readouts on here.. Thats the one big thing that always bugged me about Deepbit was lack of info..

Will likely be here to stay.. Consider 2GHash added.. Sorry DB guys, I may leave 1 machine mining there for [H], but if SC stays stable I might just have to stick with them.
 
Evil Juggalo said:
Joined Simplecoin to see what all the fuss was about.. holy CRAP do I like the readouts on here.. Thats the one big thing that always bugged me about Deepbit was lack of info..

Will likely be here to stay.. Consider 2GHash added.. Sorry DB guys, I may leave 1 machine mining there for [H], but if SC stays stable I might just have to stick with them.
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Thanks again for all the support!

Just a note: unconfirmed rewards in the future should be exact now ;)

As for stability, my current setup is quite scalable. I can bring up a new pool server in about a day. My day job is a .net architect/lead dev for the past 11 years, my current software is used by several top 1000 worldwide companies. The user base of my past 2 major online projects is easily in the 10s of millions of users, if not more.

PHP/mysql may not be my strongest development pair, but I have much experience in enterprise scaling.

While I may not have the resources yet to provide for a multi-Th/s pool, I don't think that scaling to that level would be improbable.
 
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hey guys just couple of questions, and forgive me if they seem rather noobish. Not really knowing what I got into, I heard of a new concept where you get free money so after reading a very very basic guide on how to set up I managed to get Guiminer up and running. So the next day at work I searched around for what everything actually means but still have a few questions unanswered.

1. on the Bitcoin client when someone sends you a payment there is a 'x' confirmation | the address of sender (or adress of something cant remember at work posting this) | the amount. What are the confirmations?

1a. Do I have a expiration time limit to send the money I see in Bitcoin client elsewhere?

2.When solo mining is there a expiration time for finding a block?

2a: If not and it takes you months to figure out the block would the reward be the same even if the difficulty changes?

4. For people who have old GPU's (old as in purchased a long time ago) and used GPU's for their mining rigs would this be worth it in a matter of total money you make vs. the possibility of your card burning out? As for these people may not have the opportunity to RMA a card if it burns out (assuming that is what most of you will do with a new card.)

Once again sorry for noobish questions.
 
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shatterstar said:
1. on the Bitcoin client when someone sends you a payment there is a 'x' confirmation | the address of sender (or adress of something cant remember at work posting this) | the amount. What are the confirmations?
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confirmations show the validity of transactions. To ensure the coins are not double spent.

1a. Do I have a expiration time limit to send the money I see in Bitcoin client elsewhere?
Click to expand...
No

2.When solo mining is there a expiration time for finding a block?
Click to expand...
No

2a: If not and it takes you months to figure out the block would the reward be the same even if the difficulty changes?
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Yes, unless the number of bonus coins diminishes. It is likely that the bonus coins would diminish before you found a block solo, unless you are using 100s of gpus.

4. For people who have old GPU's (old as in purchased a long time ago) and used GPU's for their mining rigs would this be worth it in a matter of total money you make vs. the possibility of your card burning out? As for these people may not have the opportunity to RMA a card if it burns out (assuming that is what most of you will do with a new card.)
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In theory your card is less likely to "burn out" mining, as electronics prefer constant use to being ramped up or intermittent use.

Hope that helps!
 
shatterstar said:
4. For people who have old GPU's (old as in purchased a long time ago) and used GPU's for their mining rigs would this be worth it in a matter of total money you make vs. the possibility of your card burning out? As for these people may not have the opportunity to RMA a card if it burns out (assuming that is what most of you will do with a new card.)

Once again sorry for noobish questions.
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Your card won't burn out but your cost of electricity will be more money than you can ever actually make mining solo on an old card.
 
tsd: It says my hashrate is 6,384 when it should only be 2,900, whats up with that? Pretty sure something is broken. Too bad I don't get paid on hashrate :p
 
sethmo said:
tsd: It says my hashrate is 6,384 when it should only be 2,900, whats up with that? Pretty sure something is broken. Too bad I don't get paid on hashrate :p
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It's just a calculation based on last number of shares submitted. I'll check, but it should normalize.
 
Evil Juggalo said:
WTF is i0coin? I saw that name on BTCGuilds website but pretty much all info is blocked?
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ixcoin, i0coin, etc. are all scamcoins. They are forks of Bitcoin with the creators luring miners to them because of low difficulty. Within the first few days, the early adopters mine a lot of scamcoins and create exchanges which encourage speculators to buy/sell scamcoins for Bitcoins. ixcoin value has basically collapsed. ixcoins are worth 0.002 Bitcoins now.
 
I mined namecoins for awhile and made some good BTC out of exchange.bitparking.com. Namecoin actually serves a purpose though.

Once the difficulty of namecoin goes back down, it should be more profitable to mine namecoins than bitcons.
 
Schro said:
Anyone jumping on the i0coin bandwagon?
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It'll be the same is Ix. But those that got into it early made off with some pretty sweet profit. I doubt anyone believed Ix will take hold. Regardless, it's still damn easy money if you got in it the first few days. Hopefully you dumped them already if you're in it just for the cash grab. First 2 days got ya 10x what BTC would do. :D

Don't know about i0. I would say it's the same as Ix. Get your coins and cash out quick. I'm doing I0 for the time being. It's easy coins. If the price hits hits .002 (what Ix is at now) or ...0.006 (about the hight of Ix), it'll be 5-6 to 15+ times what I would have earn with BTC. 2 days of 'BTC downtime' is worth the risk in big gains imo.

I've been mining i0 for about 2 hours so far. Almost 2k coins. Even at a .001 rate, that's still 2 BTC which is more then I could have mined in 2 hours with BTC. And that's with the massive invalids atm. I doubt I'm using more then 1-2GHash/sec total if I leave off the idles and invalids.

Still all speculation. Just mine wherever you think you'll earn the most.
 
tsd: Simplecoin payout is based on shares turned in correct? If we found a block now, I have 81,581 / 954,767 shares = 4.27 BTC(minus my donation and whatever transaction fees), correct?

Trying to figure out how many days I can mine without finding a block to make it worthwhile, compared to a regular SMPPS pool.
 
Trying to swtich over to simplecoin, but just keep getting "Problems communicating with bitcoin RPC" when trying to use pool.simplecoin.us:8337 in GUIminer.
 
Damn,i put the VGA on fullload in 2 hours for nothing.I surfed the web on wifi connection normally while the mining PC connected directly to the router had no connection and produced nothing.

%&@#%^&@%@#$&%$&,i hate this router.
 
Anyone run across a benchmark type site for comparing Kernels on identical hardware? I know of the wiki page that shows hash rate on different hardware, and lists details like kernel and options..... can sort of get an idea if there is enough data for the cards you are using.....

Food for thought if anyone is bored :)
 
I was doing something similar for my own records but I found it too tedious (way too many and frequent kernel tweaks compounded by miner and driver updates to have any data consistency) and it ate into my mining time. I stopped shortly after the 2011-07-01 Guiminer was released.
 
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