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Showing 8 of 8 results by nazgul104
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Topic
Board Bitcoin Discussion
Re: Contest to name the 0.0001 BTC unit (0.1 BTC prize!)
by
nazgul104
on 03/01/2014, 02:29:47 UTC
Bitoshi   Wink
Post
Topic
Board Mining support
Re: help needed updating bfgminer on minepeon
by
nazgul104
on 27/12/2013, 20:30:47 UTC
If running bfgminer with "-S all" does not recognize the devices, then I think you would need to update the bfgminer to the latest version...
check below on how to update:
http://minepeon.com/forums/viewtopic.php?f=4&t=1151
Post
Topic
Board Development & Technical Discussion
Re: MacOS X LevelDB Corruption Bounty (10.00 BTC + 200.2 LTC)
by
nazgul104
on 27/12/2013, 01:45:21 UTC
Is the mac LevelDB corruption issues fixed in 0.8.6?
I was trying to look for the version history but couldn't find much information in there. Could you pls confirm or point me to the right place where I can get more info on this version.  By the way, I'm running OMG10 right now (thanks for that) and its been good so far without any crashes...
Post
Topic
Board Beginners & Help
Re: blockchain storage requirements
by
nazgul104
on 26/12/2013, 23:31:02 UTC

You are exactly right. There's nothing stopping a node from mining blocks with no transactions at all, as well.



Good to know that I got some things right. 
But I was not aware that the block can have only the newly generated coins alone as its transaction and still be valid. Thanks for clarifying that pontiacg5. Anyways, I digressed from OP's original post. No more questions from me..Smiley
Post
Topic
Board Beginners & Help
Re: Still can't post
by
nazgul104
on 26/12/2013, 23:03:41 UTC
As a newbie, you have to use multiple sentences while posting though they don't need to mean anything substantial is what my understanding of this rule is or is the subtance of the post also looked at? (Don't know how they can achieve that though..). I'm also a newbie and this post has multiple sentences in it, so will see how this post is being construed.. Smiley
Post
Topic
Board Beginners & Help
Re: blockchain storage requirements
by
nazgul104
on 26/12/2013, 22:50:49 UTC
Wouldn't the block size depend on how many transactions were in it when it was successfully mined? ie., you keep on adding transactions to it and as and when the hash generated is below the target hash, then this block is said to have been successfully created and a new block will start? So, determining the avg.size of the block based on the existing blocks would not provide a accurate number (or close to it) is what I think.

I'm a newbie here, so pls. correct me if my understanding is wrong.
Post
Topic
Board Beginners & Help
Re: Why buy bitcoins?
by
nazgul104
on 26/12/2013, 22:10:28 UTC
tell me only 1 reason to buy it

Because thats seems to be the only feasible option that would provide a better ROI as compared to setting up a mining rig..
Post
Topic
Board Beginners & Help
Re: A hello from me and some random questions
by
nazgul104
on 26/12/2013, 20:43:59 UTC
Hi all,

I've had bitcoins on my radar for a year or so but never really looked into them.  With all the publicity recently I started to do some research into cryptos in general and came to a few conclusions.

As what would be a small time miner, bitcoins are not for me.  Would take me forever to mine anything as the difficulty is too high for the level Id be willing to invest in so I started to look at alt coins.  Had a look around and found betacoins which looked interesting to me.

I'm a bit of a geek so I have a good spec gaming PC sitting around so started to use my gpus (2x GTX670s) to mine some beta coins.  After a day or so I ended up with 5 and was disapointed with the progress, so I had a look around and a think.  I tried to mine some litecoins with the same setup and only managed a fraction of a coin after a day.

The plan I've came up with is to pick up a few USB asic miners (which seems to has a lot faster than £700 of graphics cards) and jump on each new coin as it comes out and mine if for a few days to a week.  After this, I'll just look at trading these coins around as the values rises to see what i can do.  The only cost I have is a few USB asic miners and the electricity.

What do people think of that?  Good plan/bad plan?

ASIC miners will help only if  the alt-coin you are trying to mine uses SHA-256 (same as the bitcoin) as they are designed specifically to do that. They will not be useful for coins using Scrypt....

just my 2 cents..