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Showing 20 of 81 results by Cryptos2go
Post
Topic
Board Speculation
Re: "Dell is now the world's largest ecommerce business to accept #bitcoin"
by
Cryptos2go
on 19/07/2014, 06:44:15 UTC
Just posted this in another thread before I noticed this one. Not trying to spam so hope its ok..

 What the Dell?  Cheesy

Are they doing it for the publicity and a few million in potential sales ? I don't know why they wouldn't.
Transaction savings? What would they save 1-3%? 3-5%?

What could the transaction savings become through the entire supply and manufacture chain? For non wage expense only? For wage and non wage expense?

What of the accounting? Would the blockchain ledger be useful? Could it reduce accounting costs?

Can we add to the list? Assuming these companies are in testing, is there a closing window for near term adoption (pre-holiday)?

-Best buy
-Wall mart
-And of course our good friends at Target.

Store (receipt) and Manufacturer (warranties) are registered/recorded (blockchain) at POS? POS gains second meaning (Point Of Selection?) due to automated checkout? **Potentially adding 2nd generational paradigm reference.** "When I was your age, we walked 5 miles through the snow and had to stand in line to buy things."

Better hang on Marty..


Post
Topic
Board Speculation
Re: California legalize bitcoin and STARBUCKS / AMAZON will use them.
by
Cryptos2go
on 19/07/2014, 06:31:48 UTC
 What the Dell?  Cheesy

Are they doing it for the publicity and a few million in potential sales ? I don't know why they wouldn't.
Transaction savings? What would they save 1-3%? 3-5%?

What could the transaction savings become through the entire supply and manufacture chain? For non wage expense only? For wage and non wage expense?

What of the accounting? Would the blockchain ledger be useful? Could it reduce accounting costs?

Can we add to the list? Assuming these companies are in testing, is there a closing window for near term adoption (pre-holiday)?

-Best buy
-Wall mart
-And of course our good friends at Target.

Store (receipt) and Manufacturer (warranties) are registered/recorded (blockchain) at POS? POS gains second meaning (Point Of Selection?) due to automated checkout? **Potentially adding 2nd generational paradigm reference.** "When I was your age, we walked 5 miles through the snow and had to stand in line to buy things."

Better hang on Marty..


Post
Topic
Board Altcoin Discussion
Topic OP
I'm looking for a coin/s that have these features... suggestions please.
by
Cryptos2go
on 09/07/2014, 10:40:10 UTC
First off, on a scale of 1-10, my knowledge of all things -or anything- crypto is *maybe* a 5. I'm a relative newbie who started GPU mining various scrypt alts (LTC,WDC, etc) in may 2013.

My latest 'accomplishment' is getting the latest version of bitcoin-qt/core synced and working which for me wasn't exactly easy. Finally, after downloading the torrent bootstrap, adding several fallback nodes and more restarts I succeeded.

Yes I understand money (a lot) is involved, so security/bugs first, worry about functionality for the mainstream nitwits (me) later. Fair enough.

Whats that you say? "The number of nodes are decreasing?" Gee can't imagine why..

OK then, /sarcasm /rant /beating dead horse.

 *Tries to find balance between pretense and pointless rants. Succeeds in preaching to the choir and feeding trolls.- check.

 
Are there some coins that have:
 
--Full client wallets with incentivised node hosting/better P2P performance? 
 The last time I played with P2P people were talking about Gnutella/Limewire. I used BitTorrent client to get the bootstrap for bitcoin core.  A few quick adjustments to the client defaults and boom, big file efficiently downloaded/seeded. It worked very well. Maybe that's why it was linked on bitcoin.org? I know it's apples to oranges but I was wishing my bitcoin wallet worked half as well.  I know there are good 3rd party wallets and I don't deny their right to exist, features or that they serve a need. Still a 3rd party though. :/

--Incentivised testnet.
 I dono seems like a useful idea. Not hoping to outrun ASICS.

--POW/POS?
 Generally I think people are more accepting of POW, although POS definitely has important utility and I'm not intending to understate that. I can somewhat understand the rationale behind POW, POS and POW/POS coins.

Maybe a better question would be ; How much incentive is there to go around?

Any suggestions? Maybe my priorities are misplaced/unfounded? Either or both just trying to get some leads here.


Post
Topic
Board Announcements (Altcoins)
Re: (Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork
by
Cryptos2go
on 31/03/2014, 20:33:45 UTC
To all the people wanting to hardfork LTC. You clearly do not understand the reason for LTC so I will explain it.

Litecoin was made to be ASIC resistant BECAUSE: Litecoin will not be affected by ASIC and benefit from ASIC.

Also Because Reasons.

Litecoin was made to be resistent to current SHA256 asics, only recently they started creating and selling scrypt asics. Changing coin algos will lose peoples trust in crypto currency.

Agreed.

Also 90% of network run by 10% of miners will lose peoples trust in crypto currency.

We are just going to have to agree to agree that this is a not a no win-win situation.
Post
Topic
Board Announcements (Altcoins)
Re: (Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork
by
Cryptos2go
on 31/03/2014, 20:20:03 UTC
To all the people wanting to hardfork LTC. You clearly do not understand the reason for LTC so I will explain it.

Litecoin was made to be ASIC resistant BECAUSE: Litecoin will not be affected by ASIC and benefit from ASIC.

Also Because Reasons.
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Cryptos2go
on 26/03/2014, 02:20:33 UTC
US west is down for me. Cool
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Cryptos2go
on 24/03/2014, 06:24:27 UTC
Back in the day we called it a juke.
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Cryptos2go
on 12/03/2014, 02:04:12 UTC
I noticed that in about 1 month, BTC per day on CleverMining has gone down over 50%.

I was planning to set up a mining rig, but seeing a 50% drop in 1 month makes me seriously reconsider this idea.

Does anyone know why profitability has gone down so much, and any predictions for the future?

Thanks

I would reconsider, seriously, what you have been planning on considering.




I believe this reply should be amicable, don't you agree?
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Cryptos2go
on 23/02/2014, 18:51:01 UTC
There's a delay with Cryptsy withdrawals just like it was yesterday (after which was resolved a huge payout was sent). These coins are already exchanged into BTC so we don't risk currency rate changing, but they're pending withdrawal. As far as I know, other pools are affected as well. It's Sunday so I'm not sure how fast it will be resolved, but I believe there's nothing to worry about.

Does this mean the pool is only using 1 exchange? I moved some rigs here from MC a few days ago and I like what you have done here but you should probably develop a few more trading options, especially if you expect the pool to continue growing. Besides helping to insulate from deposit /withdrawal issues, you will probably find the added book depth helpful.
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - www.middlecoin.com
by
Cryptos2go
on 19/02/2014, 04:54:21 UTC

What am i missing with altcoinplex that makes it diff from other multi pools besides paying out in 3 diff coins?
Just having a proxy that splits the hash power to some coins at the same time? Instead of slamming one at a time?


Basically, little to no coin switching. The list of coins are mined constantly, but at varying percentages.

EDIT: Have to see how it performs under load, but I'm guessing that reject rates would be similar to mining a single coin directly. All day, I've been < 1%.

if their proxy works as i think it might be.. you could be mining a higher diff coin and get less rejects while another user could be mining a lower diff coin and have many rejects. I imagine they tie the miner's source IP to a stratum daemon that mines a specific coin. Therefore you could have other miners on a diff source IP mining a totally diff coin with a diff reject rate.

That makes me wonder if some users will complain their payout is smaller then others since they had many more rejects..

I would think less coin switching also and possibly the addition of "coin type" optimizations. An example might be lower share difficulty for the low difficulty fast block time coins. Assuming reject rate is based on blocks solving faster than spec, and not on latency (which of course also plays a factor) the rejects should be minimal. Until some coin switching pool without hash allocation comes along and blows the baby out of the bathtub.

You make some good points about lower share diff eliminating some rejects and less switching. That makes a lot of sense. But I could see cases where a single miner behind NAT with 20 mhash/sec might get tied to a single low diff coin.. and if you do not feed him a share diff rate of 512 or 1024.. he will be hammering you hard with a share diff of 32 or 64. That puts a ton of load on a pool server.

That is why I am trying to imagine how they are dividing up their hashing power and what the end result would be for miners on diff coins. Source IP seems the easiest to tie them to a stratum daemon.

Considering there appears to be no individual worker registration, maybe that would be a problem. Then again the current basket is made up of mostly .5~1gh/s+ coins is it not?

Don't you need individual worker's to use vardiff?

Perhaps this is a somewhat manual allocation at this point with static assignments?
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - www.middlecoin.com
by
Cryptos2go
on 19/02/2014, 04:19:18 UTC

What am i missing with altcoinplex that makes it diff from other multi pools besides paying out in 3 diff coins?
Just having a proxy that splits the hash power to some coins at the same time? Instead of slamming one at a time?


Basically, little to no coin switching. The list of coins are mined constantly, but at varying percentages.

EDIT: Have to see how it performs under load, but I'm guessing that reject rates would be similar to mining a single coin directly. All day, I've been < 1%.

if their proxy works as i think it might be.. you could be mining a higher diff coin and get less rejects while another user could be mining a lower diff coin and have many rejects. I imagine they tie the miner's source IP to a stratum daemon that mines a specific coin. Therefore you could have other miners on a diff source IP mining a totally diff coin with a diff reject rate.

That makes me wonder if some users will complain their payout is smaller then others since they had many more rejects..

I would think less coin switching also and possibly the addition of "coin type" optimizations. An example might be lower share difficulty for the low difficulty fast block time coins. Assuming reject rate is based on blocks solving faster than spec, and not on latency (which of course also plays a factor) the rejects should be minimal. Until some coin switching pool without hash allocation comes along and blows the baby out of the bathtub.
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - www.middlecoin.com
by
Cryptos2go
on 19/02/2014, 04:07:34 UTC
...

Would I have a problem with 5-10% of my payout being spread amongst upstart Merchant services like Coinbase or hardware companies like KNCminer and any number of the ATM companies or exchanges like Cryptsy or development services like stress testing verticoin? Nope.


cryptostocks.com allows you to invest VC style into various crypto projects and get dividends paid. they have a high min withdrawl, but its kinda neat, take your mining from one day a week and invest it into something

Thanks for reminding me. Maybe It's time for another look. I hemmed, hawed and kicked the tires on the Cryptsy shares a day or 2 after they were announced.

I'm sure there have been others, maybe several, better suited for investment than Cryptsy. I was just familiar with Cryptsy at the time and despite its growing pains and questionable timing on what appear to be occasional deposit/withdrawal delays, I think BV has done a decent job with it and I like his approach to an open market as compared to say BTC-e when it comes to adding coins.

I probably should have tried to get more info but assumed that what I was seeing was all they were willing to disclose at the time.

I would assume it's the norm for a typical VC to have a bit more access to detailed financials/business plan type of info before investing, albeit under non disclose, non compete conditions.

Even so I don't coinsider  ha haha hahahahaha , myself to be a competent judge of capitol worthy ventures especially given the technical nature and sheer volume of all these possibilities. I could see that as being a full time job for, well tech VC's.

That said I get your point though.
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - www.middlecoin.com
by
Cryptos2go
on 19/02/2014, 03:01:05 UTC

Private coin trades are all fine and dandy but you are basically wanting someone to speculate with your money?
Two of the things you mentioned sound like investing with no short term gain and the other.. Riding alt trains does not make sense unless you mean hold the coins and see what happens (speculate again).

Might as well have the admin send it to satoshi dice once a day to see if we can double the profit or nothing...  i highly doubt users will be happy with low payouts for a month in speculation of one of your ideas will pan out three months from now. They will all leave.

Multipools organically involve mining and trading.. Having someone in charge who creatively makes more than what simple autosell scrypts do is an asset. Its too bad that MC H20 hasn't devloped his front end and communications to match his backroom dealings. The secret nature of MC is what kept many here; however being too secret when the house of cards is falling is either cocky or naive when Kilotons are leaving in droves. Who knows, the weight of that amount of hash power may be more of a hinderance than a benefit to the long term pool survival? This could all be planned for all we know.  

My other ideas are more launch point thoughts into where I see mining evolving into.. Imagine two rigs... One that pays the bills, and the other focused on only coin ipo's, alt-trains, and coin business investments. Both serve a purpose and have different return upsides.

BC Out!



Couldn't agree more BC, and I think you are spot on even if that spot is as of yet an undefined grey area. Huge potential for returns here (if you have any faith in the general concept/utility of crypto)

Sure there is risk involved but being a 'resource' close to this space might be one of the better ways to get in on some of the innovation that is just flooding this nascent sector, much of it happening in micro cap, I wouldn't think massive amounts of capitol are whats needed.

MC has paid out what 9m $ in btc since its inception 7 months ago?

Would I have a problem with 5-10% of my payout being spread amongst upstart Merchant services like Coinbase or hardware companies like KNCminer and any number of the ATM companies or exchanges like Cryptsy or development services like stress testing verticoin? Nope.

Admittedly I know nothing of the registration requirements for traditional VC investors and participants, let alone the hybrid this would represent. Besides just because you are an early adopter or innovator doesn't mean you will see any dividends. Just ask Laszlo or H20  Wink


-Edit- I've been asking waiting and hoping H20 would implement some kind of hash allocation algorithm for several months. Here's a coinspiracy : Maybe H20 has done just that. Altcoinplex is the next stop after the CM test. Should be interesting, maybe they will have a few more coins in a day or 3. Thanks to whoever mentioned it.
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
Cryptos2go
on 01/02/2014, 08:23:25 UTC
All accounted for. As far as sudden increases in balance are concerned...



Post
Topic
Board Mining (Altcoins)
Re: What do you want from a coin switching scrypt/sha pool?
by
Cryptos2go
on 27/01/2014, 10:33:35 UTC
What is needed for coin-switching pools is to take SERIOUSLY, what is mentioned on the middlecoin FAQ.

Quote
Which currency are you currently mining?

I can't make that information public, because it would increase the network hashrate of that currency, increasing the difficulty and orphans, lowering our profits. But rest assured that my profitability calculator is advanced, accurate, and up to date.


What currencies do you mine?


I can't make that information public either. But I consistently check the profitability of coins that are put on exchanges. So the basic answer is "the most profitable ones".
Pool operators that cater for newbie miners (like me still) or who loves statistics and cute websites do otherwise. Meanwhile they destroy coins, the value and the mining scene. They offer profits to someone else's trading bots, instead of to miners. The ones that are into such mining scene for more than a few weeks, get this crystal clear.

Besides what impacts profit, I don't want anything. Basically what is required for having:
- Nearby stable low latency pool
- No connection loss on coin switching
- Low rate of rejects/orphans/discarded
- Good choice of coin
- Very good trading bot/algo

Everything else is a waste of your time and effort. For me, you don't even need a website.

Edit: if you want to offer transparency, you can show on the website the coins you mined in the past, no need to show what you're mining NOW.

In addition to what Wipeout2097 said:

1. Your pool needs to have the ability to divide its hashing power between coins, dynamically shifting hash power as markets and difficulty dictate.

2. You need to trade well, probably better than well, manually and automated/trade bot whatever.

As an example we were mining mooncoin a couple days ago while it was nowhere near the most profitable coin. A couple hours later it reached #2-3 maybe higher (via price, not just a big diff drop) . He sold, we profited. What happened? I don't know and I'm not asking. Cool


 
Post
Topic
Board Mining (Altcoins)
Re: ASRock H81 Pro BTC /w 6 R9 270's
by
Cryptos2go
on 26/01/2014, 22:15:18 UTC
Nice setup, I have the same thing only 3 cards on the rig atm though.

WU settles in around 1330-70 with 1.2% rejects on a 1024 diff pool so far.

Cards are running 470kh/s @ I-18 pulling 540-560 watts total for the rig, running BAMT 1.2.

They will do 485kh/s+ but seem to lose some efficiency with higher rejects, might need to tweak TC a little more.

Mine could probably be more optimized though, still decent for the cost/power.
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
Cryptos2go
on 24/01/2014, 09:24:23 UTC
Yep and all the info is there.

REMEMBER ONE THING. STATS ARE NOT GIVEN BY H2O. CoinGeek GENERATES THOSE


omfg! my stats graph just updated! woop!

First H20 steal my coin, now CoinGeek steal my coin.

I put my MH/s into COINWARTZ and it show ONLY TOP 90% PROFIT COIN. They steal my 10% coin with no graphs!

I put others MH/s in COINWARTZ and AGAIN ONLY TOP 90% PROFIT. They steal others coin with no graphs!



Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
Cryptos2go
on 24/01/2014, 02:42:55 UTC
This thread has its own inside joke ecosystem now. I've been here too long.

All hail the rock!

P.S. How much BTC can I get for said rock?

I bet the rock is setting a price on YOU even as we speak.

Don't get in any automobiles for the next couple of days...

Even Jesus knew the power of the rock.



Yes maybe so, just not in a biblical sense.
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
Cryptos2go
on 23/01/2014, 23:13:46 UTC


Roger that, houston.
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
Cryptos2go
on 23/01/2014, 18:04:14 UTC


Bite me.  One or two posts is nothing compared to the ASIC rehash going on in here.

Quote
ASIC?? Please tell me more about it here in this thread!  Also let's quote and requote until it's one post per page and nobody can read anything anymore.


Granted.