I just wanted to have the owner clarify stuff, so everyone should just chilax a bit. Anyhow in my thread i clearly stated that in my humble opinion it was a scam. So i don't know what kind of agenda you nurture by defending that site so much (maybe you just like java mining a lot), or when it became unacceptable to have your own opinion. And BCPs problem is not with the technology, its a problem with the business model and policies that are made to retain your winnings for way too long and cut them by a large margin and are not communicated to the user. Believe me, if they stated that i takes two weeks to get only 0.01 btc they would have few customers, but at least they wouldn't be all pissed off.

Finally the fact that the owner has not responded, means he either doesn't care, or he is not a member of the community. Either case is bad.

ps. not to sound like a dick, but i wouldn't advertise a site in my signature unless it was at a decent functioning level. It needs some better design and it also crashed safari on my hackintosh. This creates some bad publicity that usually never goes away. Just send invites to friends for the testing.

man this rant is way more popular than mine! hehe BitCoinBarter , nobody wants to listen to reason here!

I only used BCP because i had a pc on at work running a low user ftp server, so i figured id make me some bitcents. I understand how mining works, i have a small rig myself, overclocked my cards, etc, etc and as most everyone around have a degree in CS.

so, just roll with me on this one:

OK so why deepbit (to say one) lets you send micro payments with no cost? because they group trx and then discount the fees from the healthy 3% they take from the mining. And that im okay with, heck, it is a business.

So as said before, BCP is either lazy, or expects that by using these tactics an important number of users will:

1.-Get tired of waiting and simply never cash out their BTCs (especially smaller fractioned amounts)
or
2.-Accept that they charge up to 50% in fees for their service as modeled .


Another option i'm strongly pondering is that BCP simply doesnt have enough power to find blocks on a daily basis -but have to make you believe as if you're constantly getting small amounts-, so they have to block out and pospone cash outs somehow, and this way, to get to a true 3% fee on a normal pc you would have to "mine" for like 33 weeks. So maybe something extra funky is happening with his payout/share proyections, with difficulty rising rapidly over a short period of time, if his turnaround is not quick enough the older payouts can throw everything out of whack. Keeping the 0.01btc fee per cashout would have that effect, and help cover losses.

If you dont know about bitcoin plus its a javascript cpu mining "pool", which obviously pays out small small amounts of BTC. So ive had it running at the office for a few weeks and amassed a fortune of 0.02 btc. Not much, but hey, i like free bitcoins.

Anyhow here comes my rant:

IMHO this is a complete scam, as the owner claims that he needs to discount 0.01 btc for transaction fees. This is absolutely ridiculous given that it takes a solid week to generate 0.01 btc with his software. So basically he just rips everyone off and prolly keeps most if not all bitcoins to himself. Might seem like small amounts, but added up its probably a NICE bounty.

Id like to give the owner a chance to defend his policies and site, so bitcoin plus dude if  youre a member of the community, speak up!

for our spanish speaking coinerds:


http://www.bbc.co.uk/mundo/noticias/2011/06/110624_divisas_moneda_virtual_bitcoins_sao.shtml


Although a tad negative, as they say, there is no such thing as bad press!

There are a few open source mining pool softwares, check out pushpool, you also need a server to do all the connecting and strong internet access. Also you shouldnt use your CPU for mining, it is not cost-efficient, maybe you can use your GPU.

good luck!

I have  a 775w toughpower thermaltake, and it has been very good, and not that noisy also.

it could either be just the mb on a table (thats what i got) or id put a case sideways and leave the side door off, maybe leave some mesh in place  if you want some more protection and add some fans. The deal is that these cards exit their heat from their pci rear grill, but also through some side slots, so if they are constricted without enough case fans the intake fan will be getting warm air, and the cycle would repeat itself getting hotter. On the other hand if you use too many case fans in a sealed case you could cause airflow that will difficult each video cards personal fan  (vaccuum (too many outtakes) ,jet current (a bunch of fans 50%-50% intake/outtake), or turbulent flow) from taking in air efficiently, which stresses the fans and subsequently lowers your cooling abilities.

Basically you want to renew the air around the cards as slow as you can - but renewing the air is crucial! . For instance, in my open table setup (1 6870 1 5830) i dont need any fans (although my cards are more separated than what you would get putting them four video cards on the same board), because the video card heat outputs push the air away from the intake, and the air around the intake is fresh and still, allowing the fan to work sans resistance. I also leave the door open, because, believe it or not theses things running 24-7 eventually will leave a room pretty darn hot after a few days.

good luck!

i second the recommendation to join a pool, although  btcguild hasnt been the best performer for me, i hate to say it but deepbit has given me better results that other pools. Maybe im just not patient enough!

id say you could stuff 4 cards in that board, but you will need some dummy vga plugs (google them) and if you would be putting 4 in there i would seriously consider going open case

I talked the other day to a member that has been mining for over a year, and he stated that mining is pretty much as profitable as it was 1 year ago (difficulty and price have shown a correlation, although i wouldnt trust that it will stay that way), so id say that it is still ok to mine. Plus its not that easy to buy coins everywhere, especially in smaller countries. Consider your mining rig as low-risk coin buy, given that you can always resell the hardware, so techinally id say that the "break even" point would be for 40-50% of your hardware cost, not 100% as most people suggest.

i've been mining for a month with deepbit-slush and btcguild, and id say IMHO that noticeable DDOs happen like twice a month for the bigger pools. I do however keep my mining profiles with 3 or so pools, and remotely log (using free logme in via any internet connection) into the miner and switch if X pool is down. Would be nice that the mining gui would fallback to other pools if X is down.

Hi everyone,

I started my bitcoin adventure a month ago, been lucky enough to purchase a few coins via paypal at bitcoinmarket. I've shuffled them around nicely and made a small profit (of which 60% is frozen at Mt.Gox  ) . I also have a little mining rig, pulling 550mhs and partially heating the second story of my house  . Geographically speaking i'm in Chile (South America) I mayored in CompSci and i'm considering to start building a bitcoin community out here. Would like to hear about some other Chilean bitcoiners, lets hear some  chi-chi-chi-le-le-le  s !!!