Same is true for the stock market...

Is that a lorenz attractor in your logo? Suggesting chaos? j/k

True that. But, the fact that it is happening and I'm squeezed out of btc mining (along with everyone else who does not own an asic) casts a shadow over the entire btc network in my mind. What I am seeing is the money supply and hashrate being dictated by a few people with access to better connections or technologies or even capital. That was always the fear right? A country or entity with better technology and capital taking over the network? Well folks, it is happening right now.

We are all being bottle necked by technology and access. Those who choose to take the leap to asics are paying a hefty premium right now (either in real money terms or risk). We are being middle-maned... Call it a tax if you will.

In the end, ASICminer will be replaced by another. But, there will always be a hefty tax.

When you refer to the competition, you're not just referring to other manufacturers, but everyone else mining. That includes me... I am competing with ASICminer.

I have no chance even to come close to leveling the playing field. My only hope is to pay some seriously inflated preorder price and pray that I receive something.

If I just buy a blade or whatever from ASICminer at their inflated price, they can reinvest that money into more equipment. Everytime someone buys something from ASICminer, they are probably able to replace whatever unit they sold with 10x more units. In effect, you are just giving your money to your own competitor and strengthening them. You are damning yourself and everyone else.

They are dictating the market as they see fit. Sure, you could say that they are doing the right thing or are trustworthy, but the fact of the matter is that they can do what they wish, and I'd rather not have an entity with that kind of power. The blanket statement "they are transparent and doing the right thing" has also been applied to many centralized governments. For those of you who have forgotten, this is the reason bitcoin exists.

They are monopolizing both mining equipment and hashrate. You have a 1/3 chance that recently mined bitcoins you buy are being generated by them. They are squeezing the profits from everyone except themselves... This is a serious problem. Remember, as a decentralized collection of miners, we are the bank. We are the market... With one entity controlling 30%, there is too much influence.



 

bter's back... Some ddos having fun out there. Wonder what their reasoning is?

All you need now is a small solar panel and battery set-up and you can be mining bitcoins for no operational costs.

No problem. The 7790 is a bit finicky for litecoin.

change core to 830 and i to 17

My 7790 results...

296 mhash (guiminer -v -w 128 -f 1 1200/200)
246 khash (cgminer, tc 8000, w 128, i 17, 830/1500)

I have three and they hardly use any power. I'm running them stacked in a case and the fans are so quiet I can't hear them.

That said, I am looking to build a rig with 2x7950 or some other beastly cards because I want more hash.

QFT

Diversity is always good. If you're unsure, I'd do half litecoins half bitcoins. I have 3 cards and am currently using 2 for mining bitcoin and 1 for mining litecoin. I want to get some bitcoins with my gpus before the difficulty gets too high.

Probably right, I'm not putting on my tinfoil hat just yet.

Just checked my ltcmine account. I leave one card mining 24/7 at ltcmine.ru which is pps

27.05.2013, 17:00:01    0.01649037    0.00001651
27.05.2013, 16:00:01    0.03187081    0.00003190
27.05.2013, 14:00:01    0.01458763    0.00001460
27.05.2013, 13:00:01    0.01569756    0.00001571
27.05.2013, 12:00:01    0.01490476    0.00001492

Looks like I didn't get paid for 15:00 until 16:00. So this would have been what 2-3 hours ago? I've actually never seen this happen, but I'm definitely not missing any ltc.

DAw7cpiHYEHT6xebrvZT25wtZjjXBbizpg

Thanks!

Yes, thanks again for your help!

I'm not getting any payouts from fenican and am not listed on the "Payouts if a block were found NOW:" portion of the page. Anyone else having this problem?

I have 0 digicoins  

Can someone send a small amount to verify that my wallet is working?
DAw7cpiHYEHT6xebrvZT25wtZjjXBbizpg

Has anyone called this coin phonics coin yet?

Just stop... let it die

Works fine on my end