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Bitcoin Discussion Thread

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Any takers for a stable @ 900 core 5850 with reference cooler? Might just buy/sell instead of mining
 
Hooray for retrenchment / bursting bubbles. Bitcoins back under $26. There go my two days worth of day trading profits. Also sort of skews any calculations to profitability on buying some dedicated mining rigs.
 
Teenyman45 said:
Hooray for retrenchment / bursting bubbles. Bitcoins back under $26. There go my two days worth of day trading profits. Also sort of skews any calculations to profitability on buying some dedicated mining rigs.
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Dropping from $32 to $26 is nothing anywhere resembling a bubble burst. :rolleyes: For such a fledgling market, it's actually been pretty stable. Hell, it just broke into the $20s a day and a half ago.
 
it was a joke. I'm aware of the wild swings with trading these in such a thin market; after all, it is back over 26.3. I had been bouncing back and forth between 28-29 and 29-30. Unfortunately, I'm presently on the wrong side of things right now.
 
Is it me, or does Namecoin seem way more efficient than Bitcoin?

Right now the difficulty of Namecoin is 2815. Current exchange looks like 100 Namecoins will get you 1 Bitcoin. At my hash rate, I can earn 98 Namecoins in 1 day, vs .5 Bitcoins in one day.

Thoughts? Namecoin is a pretty cool idea(not the mining portion, the actual idea behind it)
http://forum.bitcoin.org/?topic=6017.0
 
Parja said:
Dropping from $32 to $26 is nothing anywhere resembling a bubble burst. :rolleyes: For such a fledgling market, it's actually been pretty stable. Hell, it just broke into the $20s a day and a half ago.
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Short term dip, you just have to look at the prices of AMD cards to see how much extra mining power has been brought on in the last few days.

As I've said before, bitcoin is more like stocks/ commodities than a [stable] currency. Which isn't for everyone (I'm a software developer/ accountant so I love this).
 
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I'm paying a bunch of friends with 5850's $30 a month to mine under my account LOL.

I'm such a capitalist whore.
 
computerpro3 said:
I'm paying a bunch of friends with 5850's $30 a month to mine under my account LOL.

I'm such a capitalist whore.
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so they haven't figured out that some of that $30 will be going to their light bill...? lol

Deepbit seems to be down right now, check you rigs if you use Deepbit, another DDoS...? I'm gonna use this time to see if I can get lucky going solo...lol
 
I have never tried Deepbit. Not sure what its payout is compared to other pools, but I have not had any issues with the mining.bitcoin.cz(Slash) pool. Normally, they operate at 1200-1500ghash/s
 
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Deepbit seems to have less payouts, hard to say. It has been the most reliable for me. Losing half a day of mining because of some crap or another is more important to me than some 2-3% fee. I haven't it checked it today, so I dont know if they are having issues or not. I do know alot of people are all angry over them being the largest pool, and more than one person has publicly called for a DDOS and they have done so in the past to other pools that "didn't do things the way they wanted."
 
DAMN!! Im not at home, I cant check on my rig. Of COURSE deepbit goes down when Im not there.
 
Hmmm I might even sell my beloved Sapphire 5870...she has run so beautifully though. Would anybody be interested in buying it?
 
sethmo said:
I have never tried Deepbit. Not sure what its payout is compared to other pools, but I have not had any issues with the mining.bitcoin.cz pool. Normally, they operate at 1200-1500ghash/s
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Deepbit is about 2500 GH/s, they are the largest pool with the most processing powah, the payout come quicker there but it's a 7% fee IIRC, they are actually getting really close to 50% of the networks hashing powah, which is a bad thing, my guess is that the people that keep DDoSing Deepbit think they are doing it for the good of the network, if that makes any sense...
 
wol-va-rine said:
Deepbit is about 2500 GH/s, they are the largest pool with the most processing powah, the payout come quicker there but it's a 7% fee IIRC, they are actually getting really close to 50% of the networks hashing powah, which is a bad thing, my guess is that the people that keep DDoSing Deepbit think they are doing it for the good of the network, if that makes any sense...
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All the more reason we need an [H] pool. I signed up with deepbit because someone told me to go there and sign up, I didnt know anything so I just blindly did it. After having researched for a day or 2 I know whats up, but figured I'd stay on there till the [H] pool gets going.
 
wol-va-rine said:
Deepbit is about 2500 GH/s, they are the largest pool with the most processing powah, the payout come quicker there but it's a 7% fee IIRC, they are actually getting really close to 50% of the networks hashing powah, which is a bad thing, my guess is that the people that keep DDoSing Deepbit think they are doing it for the good of the network, if that makes any sense...
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And yet no one can explain why its a bad thing except that "well if he wanted too he could poison the blocks", yeah, and cut off his own foot at the same time, and oh yeah, its possible with just 30% of the pooling.

Nothing more than jealousy on those forums.
 
sethmo said:
Is it me, or does Namecoin seem way more efficient than Bitcoin?

Right now the difficulty of Namecoin is 2815. Current exchange looks like 100 Namecoins will get you 1 Bitcoin. At my hash rate, I can earn 98 Namecoins in 1 day, vs .5 Bitcoins in one day.

Thoughts? Namecoin is a pretty cool idea(not the mining portion, the actual idea behind it)
http://forum.bitcoin.org/?topic=6017.0
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they're the pennies of the bitcoin world...lol, I may have to look at this...
 
Monkey God said:
And yet no one can explain why its a bad thing except that "well if he wanted too he could poison the blocks", yeah, and cut off his own foot at the same time, and oh yeah, its possible with just 30% of the pooling.

Nothing more than jealousy on those forums.
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there are scenarios where some fucked up shit could happen even if he's on the up and up, what they said really made sense, at least to me...
 
I don't have a lot of time to research it right now, but is there a little guide out there about using multiple computers to one account? Or do you just login with the same credentials for each instance of the mining program?
 
For multiple computers, or GPUs, it is easiest to join a pool where they let you create a login for each PC or GPU. That way you can tie all your PCs to one Bitcoin address.
 
sethmo said:
For multiple computers, or GPUs, it is easiest to join a pool where they let you create a login for each PC or GPU. That way you can tie all your PCs to one Bitcoin address.
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or you can just add a new worker for each GPU, that's what I do, they all hash for the same account...
 
damn, you had me all worried... I'm gonna setup two workers per GPU after work with one pointing to one pool and the other pointing to a different pool so if one site gets hit the other will pickup the slack. I hear that works anyway.
 
damn rpc bitcoin server errors, port is open and forewarded and still nothing. I can't even mine singly.
 
-v -w128 is necessary for my HD 6850. 199Mh at 950/345 and 239Mh at same clocks with the flags. This is using the GPU to drive 1080p Win7 Aero through DVI. It's kind of silly to get into it at this point but I can't pay for folding in this heat.
 
gigatexal said:
damn rpc bitcoin server errors, port is open and forewarded and still nothing. I can't even mine singly.
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Its easier/more efficient to mine in a pool. Plus, there's no local setup other then running your client with whatever flags you want.
 
sethmo said:
Its easier/more efficient to mine in a pool. Plus, there's no local setup other then running your client with whatever flags you want.
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i am using a pool but even still sometimes a worker finishes (i think) and the rpc errors dont let me get anything more in the way of work to do
 
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