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Showing 11 of 11 results by mad_matt
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Board Beginners & Help
Re: Newbie restrictions
by
mad_matt
on 12/03/2013, 01:16:29 UTC
day two of the restrictions, computer crashed yesterday.... heatwave in Melbourne and the laptop is suffering... just as I was coming up to four hours, KABOOM. Dead laptop. It didn't really make a kaboom sound btw.
If its not powering up, then its probly completely rooted. But if it does power up (but not boot) then try getting a copy of slitaz, or linux mint as these are operating systems that can run without being installed and can run on a computer with a fried HDD -> these are useless if you want to mine from your laptop, but good enough to use to get online for trolling forums, or whatnot.
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Topic
Board Beginners & Help
Re: having trouble getting started with litecoin.
by
mad_matt
on 12/03/2013, 01:02:42 UTC
bitcoin is never an mistake

it is if you lose alot of money
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Topic
Board Beginners & Help
Re: having trouble getting started with litecoin.
by
mad_matt
on 12/03/2013, 00:08:01 UTC
if you don't pay anything for electricity, then continue GPU mining until ASICs drop onto the network. Every bit-penny you earn is a good bit-penny. If you're making a dollar a day right now, you should make about $0.50 a day until ASICs hit. Profit is profit...

it is interesting just how many people came into bitcoin mining, happy to make 'miniscule' profits, and the more others encourage people to stick in it for a few cents per day, essentially adds to the difficulty and makes it even less profitable for everyone.

Odds are, if the op has credit card debt at a high interest rate, and spent money on his rig, that could have otherwise gone to paying off the credit card, then you need to factor in the high interest rate as part of the cost. Keeping in mind the power bill is rising, the difficulty is increasing (and therefore earnings on low hash rate machines will drop significantly when (or if) bfl's get delivered), now more then ever is the time to reconsider if mining is really for you.

If i have the chance, I would buy a dozen asic avalons. But I know for a fact, that this new hardware that is slowly being released directly means that people with $40k invested in GPU mining hardware will be put out of business, same with everyone else that was advised to go into GPU mining and be happy with "$0.50" a day.
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Topic
Board Beginners & Help
Re: Best place to hire bitcoin developers?
by
mad_matt
on 11/03/2013, 23:37:26 UTC
You need to specify what skills you are looking for? Are you looking for people who develop and take bitcoin for payment? are you seeking html, php, java skills? Is it for a desktop application to be developed?

You can hire people from:
* freelancer (usd only)
* fiverr (usd only)
* digitalpoint (you can find developers who accept bitcoins)
(thats only to name a few) But its hard to really make a recommendation with so little info.

But, I have had *shit* experiences with all those 3 options, with only a few positive experiences with all 3. Fiverr is possibly the most risk free, (as payment held in an escrow style manner until job delivered).

Just remember when hiring, whatever the cost estimate is, expect it to be double. Whatever the time frame is expected to be, expect it to take 5 times longer.
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Topic
Board Beginners & Help
Re: Newbie restrictions
by
mad_matt
on 11/03/2013, 23:26:51 UTC
These restrictions are really really annoying. There are other ways to combat spam. Such as preventing new users from posting working links, restricting signature permissions, preventing them from starting new threads in 99% of the forum, and preventing them to post in 10-20% of the forum are some good ideas. Doing a full forum lockdown, forces us to spam in *this* section and could potentially be impacting on the ability for many newcomers to contribute to the forums.

I agree, you need a good contribute to spam ratio, I just feel your current system could be improved and possibly follow the methods used by many other (and more popular and more spam targeted) forums.
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Topic
Board Beginners & Help
Re: Could ASICs be rendered useless like on Avalons site?
by
mad_matt
on 11/03/2013, 23:19:17 UTC
I think its pretty clear what it means, or in the very least, my understanding is that it is purpose built for the way bitcoin works right now (this very second), and it is useless for any other appliction.
With months between the initial ordering stage, and final delivery, the tiniest change in bitcoin makes these into doorstops.

At least with GPU mining, you can always resell the hardware, or to some extent use it for other applications.
Post
Topic
Board Beginners & Help
Re: Newb Question: What is the tomato plant reference/meme?
by
mad_matt
on 11/03/2013, 23:11:03 UTC
LOL. I thought it was some weird obscure reference to "the attack of the killer tomatos", (movie theme is that tomatos are evil and trying to kill people)

Thanks for clearing up what the reference means.
Post
Topic
Board Beginners & Help
Re: I want to build a mining rig.
by
mad_matt
on 11/03/2013, 23:03:48 UTC
A lot of ppl build a frame to hold the cards spaced out a bit so you can get good airflow between them, and use extender cables to connect them to the motherboard.

This also lets you use all of the PCIe slots on the board, regardless of their lane width.

My first custom-built GPU rig: http://i.imgur.com/nREwxM9.jpg

I arranged the cards with 40mm of empty space in between each (same width as the cards themselves).

Extenders: http://cablesaurus.com/

Don't even think about running the cards crammed up next to each other with no gap in between.
I never realized you could buy extenders...

I am curious, how well your rig handled heat?
Did you need to mount additional fans on the side of the case?
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Topic
Board Beginners & Help
Re: Trust No One
by
mad_matt
on 11/03/2013, 22:50:53 UTC
Every time I do business online, or trade with someone there is a great deal of trust. While I always take steps to minimise that risk, its impossible to remove it entirely.

@ron swanson
Quote
What if you get asked by a wallet inspector?
Grin Grin Grin Grin

Thats the best thing i read all day!
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Topic
Board Beginners & Help
Re: Introduce yourself :)
by
mad_matt
on 11/03/2013, 22:46:16 UTC
Hi all. I think its pretty obvious what my name is, (not that you had enough matt's as it was)

I have been interested in mining for a while, i dont mind if i dont make money so long as I break even as it. My main interest is not to get rich, more that I was hoping mining could be a cheaper way of acquiring bitcoins.

However, I have never been able to fully get into bitcoin mining as it doesnt take a genius to work out that the hardware costs, and the costs of power, and the costs of reliable internet makes it cheaper to buy bitcoins, rather then to mine for them.

But with these new asic machines! I can see the potential that this has to revolutionize the mining process. If I had a choice between an asic and a bfl, based on what I know I would take the BFL. They seem to be more noob friendly (although considering their is no product in existance yet, I guess its easy to make up whatever features you want)

Can anyone, anywhere vouch that BFL is not a scam? I am kicking myself for not taking an asic when I had the chance (I wanted to see if they were legit and delivered)

Is there any other hardware besides asic and BFL that is worth consideration?
Post
Topic
Board Beginners & Help
Re: Newbie restrictions
by
mad_matt
on 11/03/2013, 22:32:27 UTC
This forum has soo much room for improvement. I know the forum was considering to change from SMF to a different forum software, but what is taking them so long?

My vote is to change to vbulletin. Forum revenue will increase, as well its easier for both members and mods. Custom changes are expensive (yet would be cheaper then smf).

With increased revenue potiential, and with less headaches, why is this forum still with SMF?