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Showing 20 of 38 results by Maddin
Post
Topic
Board Marketplace (Altcoins)
Re: WTB DOGE
by
Maddin
on 01/02/2014, 22:47:12 UTC
i got just over 150k doge will trade for moon if interested
Post
Topic
Board Mining
Re: what's the most efficient mining hardware available? (bachelor thesis)
by
Maddin
on 29/01/2014, 12:27:36 UTC
i've 150gh that's currently mining an average of €0.047 per minute (1/2 - ish)
happy.

How is this supposed to be possible?
Mining Calculator calculates per Day 0.03438524 BTC = $27.42  with 150gh and current difficulty
Post
Topic
Board Mining
Re: what's the most efficient mining hardware available? (bachelor thesis)
by
Maddin
on 29/01/2014, 12:18:01 UTC



Edit: ugh, please, PLEASE tell me you aren't using "ROI" in a forecasting context... ROI is a measure of historical activity, not to be used for forecasting, this place is full of crap information btw and that term is molested here on an hourly basis. This is a good place to talk with tech folks, sadly not many Econ nerds participate here. Feel free to dig through my old posts, on a few occasions I went on a rip about ROI and other misrepresented bullshit, now I'm beat down from trying to spread knowledge that nobody gives a shit about, "ya can't save 'em all!" lol... https://bitcointalk.org/index.php?topic=342859.msg3699883#msg3699883

Haha. No I'm doing payment rows and calculate the net present value. (including capital costs)
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Official Sexcoin Thread - Now trading at Tagcash.com !!!
by
Maddin
on 29/01/2014, 12:08:41 UTC
Spread the word about sexcoin guys let get some hype going and price will skyrocket

This sucker can be @ $1 easy

Ipushed the price of SxC up 5000 litoshi with a few LTC we can get this back to 0.004 again where it was

Just needs some ppl putting a few LTC in each

Dont believe this guy, he's a fucking scammer. He scammed Bitcoins from me. He will scam you too!
Post
Topic
Board Mining
Re: what's the most efficient mining hardware available? (bachelor thesis)
by
Maddin
on 27/01/2014, 17:08:22 UTC

In any case for the chapter you should consider doing a review of bitcoin mining profitability in the past since it greatly influenced the current state of the bitcoin economy - especially since it widely distributed coins to those that were willing to turn their cpu and then later gpu cycles to it.  You could discuss the current state where it requires dedicated ASIC (application-specific integrated circuits) to have profitability and the hardware that is profitable generally requires a pre-order gamble to acquire in a timely manner. 

Yes that's in. I explained the hardware evolution from cpu's to asic's and made 2 calculations with an actual asic-device. In the first calculation the device is delivered in time and the miner makes a huge profit, in the second one the device is delivered with 2 months delay and the miner will never reach break even. That's how I show how critical the delivery time is. (my underlying assumptions are: difficulty rises every 11 days about 28% - that's the average from the last half year) (unfortunately I'll have to calculate this new because I calculated with a device from xtrememiners, which is certainly scam.. :-( )

Then I suggest you turn an eye towards the future.  The total computational power of the network has grown exponentially - fueled in my opinion somewhat by increased bitcoin value and somewhat by technology that is more efficient - can this continue for the long term?  While moore's law has stunned some by holding true with exponential growth in computing power over more than 40 years - the limited pool of resources for bitcoin (the remaining coins to be minted + transaction fees) will likely mean mining power growth will likely become linear and logarithmic after a time.  But you certainly shouldn't try to predict that timeframe too accurately - the error bars are probably measured in tens of months.  Not to mention the exit of the home miner - soon typical household electric circuits will be sufficient to host the required juice to keep relevant miners powered.

Yeah I'm thinking about something like that too, but actually I don't know how to do this. I'd have to make a lot of uncertain assumptions and therefore it could happen that it becomes not scientific enough for scientific paper.

Lots of great avenues for topics, I hope you've carved out a good one.  I also encourage you to use analogies to relate the at times tediously technical details of bitcoin operation.  Things like What is difficulty?  What is one bitcoin?  Why is it secure?  Analogy is a technique often leaned upon by the great physicists to translate the technical into the everyday - think

I'm writing for an audience with economical background and it was really not easy to explain the technical stuff in an easy to understand manner. If someone with technical background and or knowledge about bitcoin read this he will for sure shake his head :-D



But that was not the first one also see the BioInfoBank 100TH Mining Farm Project https://picostocks.com/businessplan/19.pdf is from 2013.

If you have any sense you will write your dissertation about whether the BioInfoBank 100TH mining project reached it's investment goals as it's set out in a clearly defined business plan that you can critique it with hindsight.


This sounds very interesting, I'll work through that, thanks!



if you take a look at cex.io, you will find people buying 1 GH/s mining contract for 0.043+ btc.

most irrational.

 Undecided

Ironically, cex.io has a built-in calculator showing that people will never get their investment back (not even close), but it seems no one cares about it. Cheesy

Yeah, cex.io is one reason why I think many or most miners don't act rational. If they would the price would go down, but it don't. Another reason are those usb-mining-sticks (usb-miner) which were sold like crazy and the next reason is the insane prices people are paying on Ebay for mining hardware.

Interestingly it is really considerable to buy some GH on cex.io, because if the prices keep on not going down you can sell them after a period and had the mining for free.

Thanks guys for all you replies yet :-)
Post
Topic
Board Project Development
Topic OP
looking for Doge payment system, like bitpay
by
Maddin
on 27/01/2014, 15:21:47 UTC
Hi guys,

I'm planning to lunch a homepage. People should be able to pay with dogecoins at this page.

Therefore I'm looking for a way to implement a doge payment system.

There isn't something similar to bitpay for doge yet, isn't it?

It's not that I require to change the dogecoins in fiat-currency automatically. I just a need a secure system which gives a feedback to the interface of my homepage that the required amount is payed and transferred to one of my doge addresses.

Is there something like this yet?

If not, is someone here able to program a script for this application?

Let me know and we can negotiate about the wage.

Greetings, Maddin
Post
Topic
Board Service Discussion
Re: Any info on coin.mx?
by
Maddin
on 27/01/2014, 11:55:33 UTC
Best Market Price at the moment at 883 USD. (Bitstamp 804$) Crap!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
Maddin
on 26/01/2014, 21:06:37 UTC
WHOAA  i just saw this coin, i don't do pot but…my elder brother does, and he lives in california and is currently writing up contracts to start his own starbucks but technically for weed, he has a lot of investors behind him since he's studied the crop very well and has his own method of growing it thats very unusual.. ill mine this coin and ill be speaking to him about it since he knows about BTC but hasn't gotten involved with crypto currency, hopefully i can get him to advertise this in his meetings, he's all for anything that has to do with weed. ill keep you guys posted and if anything ill post his email so you guys can email him with your thoughts.

Do your brother need a new employee? :-D
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE][REALTIME] Crycurex.com exchange
by
Maddin
on 26/01/2014, 16:04:48 UTC
deposited CRN 3 days ago showed up in my account but could never put on a sell order

 so i decided to try withdraw it yesterday and still dont get out



Don't help this guy. Don't trust him. Don't reply him. He scammed me yesterday. Just because his too stupid to earn money with altcoins in a legal way he has to scam people. Stupid mofu.
Post
Topic
Board Marketplace (Altcoins)
Re: WTB DOGE
by
Maddin
on 25/01/2014, 19:09:10 UTC
i got just over 150k doge will trade for moon if interested

Dont trust this guy he just scammed me!!!
Ron Paul Coin is scam as well!!
Post
Topic
Board Marketplace (Altcoins)
Re: [POT] Buy/Sell - Potcoin
by
Maddin
on 25/01/2014, 19:07:50 UTC


18k pot for sale @ 0.15 BTC

Dont trust this guy he just scammed me!!!
Ron Paul Coin is scam as well!!
Post
Topic
Board Mining
Re: what's the most efficient mining hardware available? (bachelor thesis)
by
Maddin
on 25/01/2014, 13:22:41 UTC
I know that mining is not profitable at all due to rising difficulty caused by "mining-noobs", losing a lot of their money.


If the block reward exceed the cost in electricity and roi is impossible then will some miners (with lower hashrate = lower probability to find the block) shut down, and then will the difficulty go down, and then will roi be possible for others. The system will self-adjust to a level where there is a profit for the miners.


  

You won't see this happen in the next few years. Because most miners dont think rational like that. They think like: Bitcoin is going to rise in value, so it makes sense to mine. But they don't see that their revenue would be significantly higher by a direct investment in btc.
Post
Topic
Board Altcoin Discussion
Re: [DOGE] Dogecoin giveaway sponsored by FORKPOOL
by
Maddin
on 24/01/2014, 13:31:17 UTC
D8v9XGaTGj4LqwKPwkXJookR391P54o43T

*So nice* *much thanks*
Post
Topic
Board Altcoin Discussion
Re: free 5,000,000 doges to giveaway. many dogecoins. like such cute dog.
by
Maddin
on 24/01/2014, 13:30:03 UTC
Liked on Facebook (initals M.B)

Followed on Twitter

Tweeted on Twitter 

Twittername Maddincom

Doge-Address:
D8v9XGaTGj4LqwKPwkXJookR391P54o43T

Thank you!

I love Doge <3
Post
Topic
Board Altcoin Discussion
Re: [DOGE][GIVEAWAY] 20,000 DOGE GIVEAWAY!! + Bonus + Updated
by
Maddin
on 24/01/2014, 13:25:27 UTC
I love Dogecoins <3

D6epCuHMwqXwByHYFqiN2PySfiCDPvWLRP

Thank you
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PMC] Premine! - 100% Premine / 100% Distribution - Mining TX fees only
by
Maddin
on 24/01/2014, 13:20:18 UTC
definitely interested!

1EVUqaTetVkRjiCopNF4xFVawQkDaVfTR3

Thanks!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NEX :: descendant of NXT - Imagine Fairness!
by
Maddin
on 19/01/2014, 12:59:55 UTC
sounds good!
I'm interested!
Post
Topic
Board Mining speculation
Re: Total Hashrate Forecast Q1, Q2 2014 (Community work)
by
Maddin
on 17/01/2014, 18:44:13 UTC
I think theres a issue with your predictions: You assume that the miners act rational. I think its more like: "what, I can produce money? sounds good! lets do that!" If people would act rational, the grow of the hashrate would have stopped long ago. So I think that the hashrate will keep growing exponentially and therefore pushing the price of bitcoins up.
Post
Topic
Board Mining
Re: what's the most efficient mining hardware available? (bachelor thesis)
by
Maddin
on 15/01/2014, 19:57:58 UTC
probably this one: http://www.xtrememiners.net/#!products/cngp the lion
Post
Topic
Board Mining speculation
Re: Total Hashrate Forecast Q1, Q2 2014 (Community work)
by
Maddin
on 15/01/2014, 17:32:31 UTC
I did also a forecast, but only based on history:


Development of difficulty since 15.09.13
Dates   days to solve 2016   difficulty    increased in %
15.09.13- 26.09.13   11   112628549   --
26.09.13-7.10.13   11   148819200   32,13
7.10.13-17.10.13   10   189281249   27,19
17.10.13-26.10.13   9   267731249   41,48
26.10.13-06.11.13   11   390928788   46,02
6.11.13-18.11.13   12   510929738   30,07
18.11.13-30.11.13   12   609482680   19,29
30.11.13-11.12.13   11   707408283   16,07
11.12.13-22.12.13   11   908350862   28,41
22.13.13-03.01.14   12   1180923195   30,01
03.01.14-14.01.14   11   1418481395   20,12
14.01.14- ??              1789546951      26,15

= average time to solve 2016 Blocks: 121/11 = 11
= average difficulty increase: 316,94 / 11 = 28,81 %

Forecast
dates    days for solving 2016   difficulty    increased in %
14.01.14-25.01.14    11   1789546951   26,15
25.01.14-05.02.14    11   2305115427   28,81
                            11   2969219182   28,81
                            11   3824651228   28,81
                            11   4926533247   28,81
                            11   6345867476   28,81
                            11   8174111896   28,81
                            11   10529073533   28,81
                            11   13562499618   28,81
                                  11   17469855758   28,81
                            11   22502921202   28,81
                            11   28986012801   28,81
                            11   37336883088   28,81
17.06.14-28.06.14      11   48093639106   28,81

I was to lazy to put in all the dates :-D