4x 7950s along with the MB. I haven't seen better for $260.

What I'm considering is it's usability as a currency. Obviously if you're making a large transaction, you want to wait a significant amount of time/confirmations. However, if, say, you want to go buy coffee with bitcoins and your local coffee shop, if I were the merchant I would need to wait at least till that transaction had been included in a block. Since the amount used will be pretty small, (like 1-5$) numerous confirmations would generally not be necessary. But if the blocks are at times 40+ minutes apart, who's going to wait that long just to get their coffee? Not me!

I use the same rosewill PSU, it's worked like a dream and at an insanely good price!

I've recently (in the past few days) seen BTC often have over 40 minutes between blocks. LTC rarely approaches 10 minutes. If that's not an advantage, I don't know what is.

My main reason for prefer litecoin (or a faster coin) over bitcoin is simply the confirmation time. When I have to wait over an hour after a transaction is initiated in order to use that amount, it's simply impractical and completely unnecessary. litecoin takes much less time. (though something like worldcoin would be more ideal)

Also, ASIC's will ruin bitcoin mining and all the GPU miners will switch to scrypt coins. I'm not sure that detracts or adds to litecoin's overall value, but it certainly will keep more people interested.

What kind of power connecters do the cards have? 3-pin + 4-pin or two 3-pin?

Also, what CPU and MB are you using?

A 7970 can take 300 W. (75 from pci-e, 75 from 6pin and 150 from 8pin). If you want to run 5 cards on a 1600W power supply make sure your MB, CPU and RAM use as little power as possible since you potentially only have 100W of guaranteed headroom.

What would really help is to get cryptsy to stop supporting trade for crap pointless coins that have zero unique aspects.

Well you see...there's this thing called supply and demand. I dunno if you've ever heard of it...

Gox (according to them) has at least 4 times the number of users that any other coin exchange has. So no, it is not listed on all the "majot" exchanges.

So, let me get this straight.

Not only is at invitation only, (conspiracy much?) but most of the coins will be mined by those dozen or so people? And you expect anyone else on the planet to want to buy this crap...?

That's like having an IPO for your family, ridiculous.

I mean if this is an actual joke...maybe it's (kinda) funny. Otherwise, please stop waisting our time.

And for anyone who wants to purchase some of these coins...I've got some land on the moon for sail! only $10 an acre! Act fast before the martians buy it up!

Easies way to test:

Install linux on a flash drive and boot from that. If it still doesn't work,


Also, check your connections for the power button and make sure all the power connecters are secure.

Otherwise, what model CPU are you using? make sure it's an 1155 socket.

My intel 3820-E is putting out 50 Kh/s, so yes, there are CPUs that can do better than some low end (< $100) GPUs.

Is it more price efficient? No.

There's no reason why they wouldn't switch to litecoin or some other scrypt coin. Many already have, and as it is currently more profitable even without too many ASICs, I think that's what will happen sooner rather than later.

My expected timeline:

ASICs start entering in droves, hashrate and difficulty shoot up.
Remnant GPU miners switch to SCRYPT based coins (litecoin, worldcoin etc.)
BTC hashrate/difficulty drops a bit, and then goes back to it's current trend.

How soon it will happen all depends on how many/how soon the ASIC producers will actually ship any decent amount of the machines. Given that most of them were supposed to be out by now and very few have actually been seen (yet) in the wild, I would be careful about making any prediction about how they will affect the market.

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Thanks!

If Bitcoin became widely adopted, it could (and probably would) function exactly like any currently popular fiat currency. (Dollars Euros Pounds Etc.)

There's no real functional difference except that there wouldn't be a government that could print more money, therefore I see no logical reason that credit and banking would not work the exact same way it does currently.

With banks currently, if, say, $1000 was deposited with a fractional reserve of %10, the bank would then loan out $900 of that same $1000 to other people.

All you have to do with is replace the above $ with BTC and you have the exact same system using Bitcoins. There's no reason this couldn't work with banks, credit card companies, loan agencies etc.

Now if you were to question whether it's likely to happen currently, that's another question, but once the price stabilizes and adoption becomes high, I guarantee you'll see Bitcoin banks and credit agencies.

That's what happens when a coin gets put on an exchange!

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ThAnKs!

I also have seen this happen with voltage/over-clocking issues. Sometimes there's a spot that's just unstable, how do you have the cards clocked?

You could also mess with some of the settings from here https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison

Well...not 100%...more like 95%. They do have to pay for the server and the upkeep. Dang I wish I owned an exchange...