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Showing 20 of 21 results by BaronMcG
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Board Beginners & Help
Re: Do You Think Bitcoin Could Have Existed in the 90s?
by
BaronMcG
on 17/07/2013, 09:37:52 UTC
Could you imagine trying to download an 8gb Blockchain on dialup internet?   Undecided

yeah by the time you where done broadband would be the norm.
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Board Hardware
Re: [Call to arms] Why don't you destroy BFL rather than QQ?
by
BaronMcG
on 06/06/2013, 08:43:20 UTC
To be honest you've already shown how one man could potentially take them down:

    BFL would undoubtedly get bukaki'ed by government agencies if an investigation was to occur. Assets frozen etc
    BFL would get spit roasted if the FCC found they were selling these uncertified products, even if it is just $7000 worth in 9 months LOL


Why dont you just report them to said agencies, watch the run on the bank as it comes out that everyone's money thats tied up has been frozen and under investigation, there would be charge backs on cards done on mass.

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Board Altcoin Discussion
Re: [YAC] Antivirus friendly minerd for Windows
by
BaronMcG
on 10/05/2013, 14:18:00 UTC
i'd run it in a sandbox and give a better analysis but i've better things to do with my time Smiley personally i'd never trust anything just randomly posted on here or anywhere, deserves to be flagged just in case anyhow.
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Board Altcoin Discussion
Re: [YAC] Antivirus friendly minerd for Windows
by
BaronMcG
on 10/05/2013, 14:06:42 UTC
caution, novirusthanks detects as trojan - and the sample distributed too just in case, we wouldnt want any skiddy crypters remaining useful.

http://vscan.novirusthanks.org/analysis/932e2bdc5c64d29d79cca201bc9430bf/bWluZXJkLWV4ZQ==/
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Board Bitcoin Discussion
Re: BitTorrent goes legit with new ‘gated’ file format (bitcoin potential?)
by
BaronMcG
on 08/05/2013, 11:59:16 UTC
what i dont get is that if you paid to download the file, why should you then share it after its downloaded ? which i know totally side steps the question as to whether bitcoin would be good as a payment method Smiley
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Board Hardware
Re: Avalon Asic chip Mini USB miner [Post if interested]
by
BaronMcG
on 07/05/2013, 14:27:54 UTC
I'd definatly be interested in one possibly two (maybe more if i get some extra cash) but all depends on the price, i'm not interested if there is going to be blatent profiteering with them.
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Board Beginners & Help
Re: Attention UK Bitcoiners
by
BaronMcG
on 24/04/2013, 11:53:44 UTC
Serious Organised Crime Agency

it could be because some of the people that you had dealings with where under investigation themselves or with the case of the 100k cheque it could have been forged / stolen funds. usually the banks would report dodgy goings on, sometimes they even know whats going to happen before it does - banks have seriously good intel regarding frauds and scams going on, usually for the local area, but if somebody had tried to pay in a stolen cheque then it would be a massive red flag and all accounts related would be frozen.

if your account shows unsual transactions they will report it, they might suspect you being a money mule i dont know, but it does sound like something bad's happened, if you've not done anything wrong then you've nothing to worry about although it will be more of a major inconvienece than anything, and police might want a word with you. i'm not too sure what happens after the account closure, my experience of dodgy goings on at a bank are we got told from head office that things had been reported to soca and after that you'd stay away from said account because it would be monitored, but they'd then be closed and it would be outside the banks control - at least at branch level, short of the risk assesment stuff we always had to do i didnt have a great deal to do with it so i cant say what might be going on in the background.
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Board Beginners & Help
Re: Attention UK Bitcoiners
by
BaronMcG
on 24/04/2013, 11:34:38 UTC
sounds to me maybe they think you where / are commiting fraud or money laundering. you're accoutn will be frozen and you will be reported for you, there is a very real chance you are under investigation by SOCA and the banks wont tell you shit because they can go to jail for tipping off. if they where closing the account because you where using it as a business or whatnot they would tell you, them not saying anything makes me think its something very serious and going on at them about it won't make them tell you, the fact they are hanging up on you makes me think there is a note on your account saying your a suspect in a fraud investigation or something and nobody wants to get fired/ arresed for letting something slip they shouldn't.

also in regards to record of a cheque not being paid in, banks can see records of transaction you can't - i cant remember if its because they would have reversed it or because somethings been done as an internal transaction to something (i.e moving to a holding account). cant remember off the top of my head its been a few years since i worked in a bank.

if i where you i'd expect the police to come knocking, either politely or with a battering ram.
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Board Altcoin Discussion
Re: freicoin goin berserk?
by
BaronMcG
on 18/04/2013, 08:24:23 UTC
all those hard mined coins making there way back to the devs.
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Topic
Board Altcoin Discussion
Re: [TRC] TRC network at 735.1 GH
by
BaronMcG
on 15/04/2013, 09:58:47 UTC
i think its showing the essential need for any alt coin that wants to stand the test of time to use a different algorythm than other coins out there.
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Board Bitcoin Discussion
Re: Amir Taaki needs to stop talking about bitcoins
by
BaronMcG
on 07/04/2013, 13:49:10 UTC
Perhaps we should start a kickstarteresque fund for him to agree to never do another public bitcoin related talk or interview. He's damaged the image of Bitcoin many times before, and he will just continue to do so.

while i've yet to watch this new piece i did find the last one (i think it was) an embaressment, sometimes i think they pick people like him to share there views/talk about bitcoin in order to do bitcoin a disservice, i mean if you wanted to ruin the image of bitcoin in a subtle way then you start by giving people like amir facetime on tv to make a complete arse out of himself on a serious subject.

lets face it, whoever approached him to talk about it has probably done there research and knows that if you want to make bitcoin look like the terrorists favorite way to launder money, buy drugs, acquire firearms, bypass financial sanctions and attack the man then amir is probably the best person to do that. for that reason and that reason alone the bitcoin community would do itself a great service to distance themselves from him.

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Board Altcoin Discussion
Re: Terracoin Dead or Dying ?
by
BaronMcG
on 07/04/2013, 13:40:29 UTC
While i do support terracoin i think the issue of someone poining asics at the network and thrus forcing up the difficulty of a reletively new coin shows a major flaw in most alt-coin designs - using the same algorythm as bitcoin, imho any alt coin that wants to stand the test of time and actually be taken seriously is going to need a difference algo - take litecoin as the perfect example, different algo and it's followed the same mining evolution as bitcoin.

First CPU, now GPU - next someone will develope an FPGA and eventually it will probably go ASIC - this is how it should be. it shouldnt run the risk of being killed off in a matter of days because someone pointed a high end mining device at it.

The lesson i think that should be learned is that now ASIC's are out there, if you want a serious alt-coin then dont use the same algo as someone else.



Well the thing is, when the hash rate gets more stable, we actually WANT the ASICs out there to mine the chain. The problem right now is figuring out how to accomodate ASIC's leaving the chain without unfairly penalising the rest of us. ASIC's provide security and strength, they are really very good- we just need to figure out how to deal with them in the bootstrap phase of a coin. Once we get past this, (or once there are more asics in the world, AHEM BFL) the hash rate will be more uniform and this won't be an issue anymore and the coin will be secured.

Growing pains, to say the least.

i believe asics provide strength to bitcoin because of its large network hasrate to begin with, but with a smaller coin unfortunatly it causes a massive increase in the difficulty and causes problems -  whereby i can image a lot of the smaller hobby miners - whom provide greater security and stability to a new coin - leave.

 i see more stability in a thousand single graphics cards mining away getting a fair slice of the pie than half a dozan guys with asics taking over the whole network.

while i can see a large number of people holding high powered mining rigs on a massive network as a bonus, i cant see how it would be good for a small alt coin, i mean if someone had pointed an asic at a new coin the first day it launched then left with a masive difficulty increase remaining in there wake then the larger number of smaller guys are going to be put off by only getting 1 or 2 coins for 24 hour mining with there cards, given that said alt coin is nowhere near as valuble as bitcoin it leaves very little incentive to actually mine it.

a more decentralised coin is for me, having many many people chipping in, not a few people taking over.

if you want to prevent asics from hopping the pool and making a mess of things then change the algo and in the future should the coin stand the test of time its own brand of asics will come, trying to force the evolution of mining onto something will only ruin it for the majority of people whom you need for the coins survival.

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Board Altcoin Discussion
Re: Terracoin Dead or Dying ?
by
BaronMcG
on 07/04/2013, 10:40:17 UTC
While i do support terracoin i think the issue of someone poining asics at the network and thrus forcing up the difficulty of a reletively new coin shows a major flaw in most alt-coin designs - using the same algorythm as bitcoin, imho any alt coin that wants to stand the test of time and actually be taken seriously is going to need a difference algo - take litecoin as the perfect example, different algo and it's followed the same mining evolution as bitcoin.

First CPU, now GPU - next someone will develope an FPGA and eventually it will probably go ASIC - this is how it should be. it shouldnt run the risk of being killed off in a matter of days because someone pointed a high end mining device at it.

The lesson i think that should be learned is that now ASIC's are out there, if you want a serious alt-coin then dont use the same algo as someone else.

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Topic
Board Hardware
Re: BFL says ALL SALES FINAL
by
BaronMcG
on 14/03/2013, 22:20:25 UTC
cash flow problems maybe ?
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Topic
Board Beginners & Help
Re: [SELLING] 16.8 Bitcoins Obtained Via Mining! PAYPAL ACCPETED[SELLING]
by
BaronMcG
on 25/02/2013, 13:26:01 UTC
skid comes on the forum saying how he wants to sell his bitcoins that he's mined illegally using a botnet and alarm bells dont start ringing, then people cry about getting scammed. honestly can't say i saw that one coming.
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Board Beginners & Help
Re: Hello from Scotland
by
BaronMcG
on 14/01/2013, 22:39:17 UTC
SW Scotland here too! Welcome to the board!!!
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Topic
Board Beginners & Help
Re: ASIC found running?!?! some guy in russia just started a 6000Mhash/s machine!
by
BaronMcG
on 21/12/2012, 09:00:44 UTC
in russia? bitcoin proxy + botnet more likely
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Topic
Board Beginners & Help
Re: Verification on websites like Bitcoin-central and MtGox
by
BaronMcG
on 15/12/2012, 11:16:15 UTC
anti money laundering laws
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Board Beginners & Help
Re: Just starting out
by
BaronMcG
on 14/12/2012, 14:45:29 UTC
I've got a the following set up:

-Processor (AMD FX-8350 CPU (8x 4.00GHz/8MB L2 Cache)))
-Memory (32 GB [8 GB x4] DDR3-1600 Memory Module))
-Video Card (AMD Radeon HD 7970 - 3GB - Single Card))
-Motherboard (Gigabyte GA-970A-UD3 -- AMD 970))

As of right now I can get about 550 MH/s tops running CGminer and in the 50btc pool.  I'm interested in what miner and pool to use/join in order to get the most out of my hardware. 

Similar set up to me. you can safely overclock the card tho for more hashes i've got mine at 1075 and i get 650~ mh/s, mine bombs out if i clock it to max but just short of it's fine and its a lot better than stock settings, just make sure you turn the fan speed up .
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Board Beginners & Help
Re: The future of Bitcoins
by
BaronMcG
on 14/12/2012, 14:36:25 UTC
I'd imagine that it wouldnt be overly difficult per se to carry out the 51% attack, i mean, everyone here is assuming they will just build a massive mining rig and take over the network, although if bitcoin was being targeted to be shut down i'm guessing it would be more than one government.

what would probably happen is all domain names linked to bitcoin, exchanges and mining pools would be turned off, as many servers as possible seized then every government that was aiming to shut it down turns on there own mining rigs and takes control of a lot more than 51%. If bitcoin was to threaten the monetary system then globally i'd be worried about a lot more than just a goverment pool harvesting 51% or more of the hashes.

Of course this would all happen after an official banning and some high profile arrests splashed all over the media to scare people into not doing it, under the pretence that bitcoin is used for buying drugs, building weapons (if they believed that dork who did that talk at the confrence in london i forget his name), and other such things that require money laundering.

Before they carried out a 51% attack they sure as hell would reduce the network hash rate a fair bit using more conventional methods (then probably use the impounded equipment to carry out the attack or fund it with money seized from accounts)