Project is a joke. Still no Whitepaper despite it being already July.

Save the Reef?  More like a your typical MN scamcoin.

Yes, that'll be great. Hope all is fixed with your problem.

EDIT: Received, Thanks

Repeat what I said in  another thread:

Are you using python OpenCL (poclbm) in guiminer? If so, this problem has been happening for everyone in the last few days. See https://bitcointalk.org/index.php?topic=1334.msg732164#msg732164

Basically it shows that you are mining but the shares are not being submitted.
Anyway, the fix is coming up in Windows so just switch to Phoenix in guiminer or get cgminer for the time being. If you need direction for switching to phoenix, which is what I'm doing now, just ask.

BTW, I've also heard that using the older guiminer version works but have not tried this.

Are you using python OpenCL (poclbm) in guiminer? If so, this problem has been happening for everyone in the last few days. See https://bitcointalk.org/index.php?topic=1334.msg732164#msg732164

Basically it shows that you are mining but the shares are not being submitted.
Anyway, the fix is coming up in Windows so just switch to Phoenix in guiminer or get cgminer for the time being. If you need direction for switching to phoenix, which is what I'm doing now, just ask.

Not really worth the 3 BTC to be honest but if you still want to send, I won't complain.

EDIT: BTW, I've also heard that using the older guiminer version works but have not tried this.

Phoenix using guiminer seems to be working but I can confirm that (using guiminer) that the default get the error: "2012-02-04 15:03:57: Listener for "Default": pit.deepbit.net:8332 04/02/2012 15:03:57, Unexpected error:"

This was working yesterday but today the guiminer is not working without having to switch to Phoenix.

so?
http://www.gold-eagle.com/editorials_02/images/lancaster102102a.jpg

Sarcasm doesn't hide your stupidity (or ignorance). Face it, you didn't know what half-life was until the OP pointed out your error.

Sorry to say but "investing" in Bitcoin (and any other cryptocurrency) itself is gambling. To me, it's a social experiment to test people their perception of value particularly for a virtual item. Right now I'm mining bitcoins with electricity included in my rent and I'll continue mining until I become bored of the Bitcoin experiment or I have to play for electric. Whatever bitcoin I gain, I sell immediately because people right now are willing to give good money for a what amounts to a virtual item that is worth nothing to me. Unlike stocks which would make me part owner of a company, the value of a bitcoin based on speculation and its perceived value. Maybe it may change in the future where Bitcoin becomes universal but I'm not counting on it. I much prefer USD which is near universal and I can buy food with.

Learn to read the OP with context. As I stated, I'm not the one who is making the "new currencies", the developers are and they are free to choose when they want to release their creation. Nor am I god, king, or bitcoin czar who has the power to create and enforce arbitrary rules of when people can release "new currencies" on the Internet. Give me a break, if this "arbitrary rule" was the only thing you have a problem with my crazy idea, then I must have done pretty well.

Since when did I set or even ask for arbitrary rules? I'm not the one who is making the "new currencies", the developers are and they are free to choose when they want to release their creation. It was merely a suggestion if the developer want to gain the most from what is essentially a scam. After all, I fully expect the new alternative cryptocurrencies  created from forks of Bitcoin code to fail when these alternative offer little or no improvement to the original Bitcoin (like i0coin & ixcoin).

As many of you know, there have been much development in the alternative cryptocurrency market since Bitcoin with recent advent of i0coin, ixcoin, and etc (along with existing alternative like namecoin). One of the current issues with Bitcoin is that there may be too much mining and its supporting market (merchants who accept bitcoin, silk road, and other good and service) is not growing fast enough. With more and more people generating Bitcoins and not enough exchange for the value of bitcoin to grow, mining of Bitcoin will soon become unprofitable due to greater difficulty and rising energy costs. While some may argue that this may increase the value of Bitcoin because less is being generated, if this happens too soon (especially before there is a good support market to buffer its effect) it will be devastating for Bitcoin. Do not understand the finicky nature of people, if this scenario were to happen people will lose interest in Bitcoin which would be the worst thing to happen for the market. The growing interest of bitcoin as well as speculation of its future worth is essentially what it is keeping Bitcoin at its current value today but the growth of bitcoin needs to be maintained at a relatively steady pace.

So here is my proposal:

I would like developers knowledgeable in cryptocurrency to create new alternative cryptocurrency (call it iacoin, scamcoin, crapcoin, or whatever you like) and introduce it to the market along with supporting currency exchanges with bitcoin (like mt gox, ruxum, and tradehill). Of course, people should NOT release new cryptocurrencies often but maybe roll out the new currencies every 2 or 3 months in order to allow time for people to generate interest & hype, fueled by speculation as well as greed to make some quick money by being an early adopter to mining the new currency. People will proceed to mine the new currency until it becomes unprofitable or lose interest and move on to the next shiny new thing.

What's the benefit?
The biggest benefit is that it will slow down the new generation of Bitcoin. Early adopters of the new currency will use their mining power to generate new currencies as oppose to flooding the saturated pools of bitcoin mining. This is huge because slowing down bitcoin generation gives time for the market to grow: giving time for merchants to consider accepting Bitcoins for goods and services, allowing late adopters a chance to get into the bitcoin market , and giving time for graphic card hardware manufacturers to create new more powerful/efficient gpus to support the growing difficulty of mining.

The 2nd benefit is that the new currencies will essentially be a commodity supporting the bitcoin market by what really amount to printing money to grow the economy. By having safe currencies exchanges like mt gox, ruxum and tradehill support the exchange "new currency" to BTC, there will allows be a constant exchange of buying and selling as oppose to miners hoarding Bitcoin with the idea that it may hypothetically grow in value despite the fact that there need to be a buyer willing to pay that high price for a bitcoin. Its like game fuel by speculation and greed in which new adopters believe the "new currency" will surpass Bitcoin in the future and they want to hoard as much of it as they can when the price is still low. In reality, many of the new currency will die out as people lose interest and/or realize their "new currency" is worthless. I kinda view it like investing my money in stocks of a new company: you many get an APPLE, or a ENRON.

So how would it benefit developers? Well, they could be unscrupulous and before official release mine the first 1000 blocks for themselves or do it to support bitcoin. It doesn't really matter.

Conclusion
So there's my proposal. Why write this? I did it to mock the ridiculous recent release of currencies like i0coin and ixcoin and the growing buzz around them. However, I don't think this is such a crazy idea. After all, do not underestimate the stupidity of people. Let me know what you think in the comments.

 "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." - Albert Einstein

People are exchanging Bitcoins for actual money (USD, Euro, etc) that you can buy food with. Why would I go through the trouble of getting I0coins to trade for bitcoins to then exchange for actual money? (especially considering fees for each level of exchange) Other than the encrypted wallet, what exactly does i0coin and any of these alternative cyrptocurrencies do better than bitcoin when they're from that same source code? The advantage with Bitcoin was that it CAME FIRST. Yes, the adoption of bitcoin was slow and you couldn't do anything except mine and send them around but that's the past when there was no alternative. Explain with a rational logic why a merchant would use i0coin when there is bitcoin (along with namecoin, ixcoin, scamcoin, crapcoin and whatever currency people what to make) already in the market?

I have some Ruxum Exchange invites to give out if anyone wants one. Right now its in beta and trading fees are turn off. The site was featured on http://techcrunch.com/2011/07/18/ruxum-wall-street-level-security-comes-to-bitcoin-with-new-exchange/

PM me with your email to send the invite to.

First come, first serve.

WARNING!!! This is a scam. Buying a Minecrat account is useless because you can't change your email on that account. Hence, OP can just report "lost password" and regain back his minecraft account. Don't be a sucker!

Not really, again it depends on how you value your bitcoins. Mining itself cost money (electricity + gpu card) so one has to constantly make sure that the mining done is worth the bitcoin investment. For example, if you believe that bitcoin will be valued more next year, mining (or buying) bitcoin as much as you can may be a sound investment because you'll profit more despite the cost of mining. However if you think the market will crash and people will eventually get bored with the Bitcoin fad, then selling the bitcoin as soon as you can mine them may be better. Who know if bitcoin will be worth 100 USD = 1 BTC or next to nothing by next year.

depends on the economics of bitcoin market at that time. While you may mine less, demand for bitcoin may (hypothetically) increase so it may be valued more due to increase difficulty of mining. Overall, you shouldn't look only at how much Bitcoin you mine because the economy (real money and bitcoin) is more complex.

Yea, that's doesn't sound right. Are you sure that the linux server is mining from both the 2 core and 16 core. With that slow mining, it almost seems that its only mining using the 2 core only.

The site was originally made as a SLL exchange, not a Bitcoin exchange. Its main focus is on SLL and biocoin just happens to be accepted there.

I have some Ruxum Exchange invites to give out if anyone wants one. Right now its in beta and trading fees are turn off. The site was featured on http://techcrunch.com/2011/07/18/ruxum-wall-street-level-security-comes-to-bitcoin-with-new-exchange/

PM me with your email to send the invite to.

First come, first serve.

As far as I know, there is no other reliable place to use Paypal for Bitcoins. Your going to have to go through a lot of hoops to do so or become trustworthy that someone will be willing to trade you Paypal for Bitcoin here in the forum.