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Showing 20 of 45 results by smackdaddy
Post
Topic
Board Pools
Re: [~2400 GH/sec] BTC Guild - 0% Fees, LP, SSL, API, 8 Decimal Payouts and more!
by
smackdaddy
on 12/08/2011, 13:34:54 UTC
I'm currently unable to mine with either useast or uswest. What's up?
Post
Topic
Board Pools
Re: [~2400 GH/sec] BTC Guild - 0% Fees, LP, SSL, API, 8 Decimal Payouts and more!
by
smackdaddy
on 26/07/2011, 23:02:51 UTC
Would be strange behavior to rig the pool and then work so hard on publishing information that would make people suspect him. Why even bother with the luck stat if you're keeping blocks?
Post
Topic
Board Mining software (miners)
Re: AOCLBF (was Phoenix Rising): Phoenix/POCLBM GUI With Built-In Overclock Tool
by
smackdaddy
on 15/07/2011, 17:21:53 UTC
Could you include affinity options in the next release? I'm having issues with phoenix using 50% CPU per GPU. By setting affinity to cpu1 (of 2) it'll use 100% of that core rather than 100% of both.

Why would you want it to use 100% of both?

You realize the CPU usage is not a desired effect, which is why we have the affinity setting in the first place, to stack all the wasted CPU on a single core?
Post
Topic
Board Pools
Re: [2220 GH/s] Slush's Bitcoin Mining Pool (mining.bitcoin.cz)
by
smackdaddy
on 12/07/2011, 03:23:11 UTC
Because of the wacky score based system of rewarding, number one, and because of the lack of support for long polling. I get a ridiculous amount of stale shares with slush. The return was just terrible compared to other pools.
Post
Topic
Board Pools
Re: [2220 GH/s] Slush's Bitcoin Mining Pool (mining.bitcoin.cz)
by
smackdaddy
on 11/07/2011, 00:18:58 UTC
I can honestly say, after using slush for a couple of days while btcguild was down, that I feel sorry for the people who mine with slush full time.
Post
Topic
Board Pools
Re: [2220 GH/s] Slush's Bitcoin Mining Pool (mining.bitcoin.cz)
by
smackdaddy
on 06/07/2011, 14:23:23 UTC
Wow, I switched to slush while BTCguild is down.

With BTCguild I get _maybe_ 1% rejections, typically less over a long period of time. With slush, I'm getting 10% rejections. I verified this with several versions of mining software.

Is this a simple reality of the distance between me and the pool? It's only 80 ms away, so that would surprise me.
Post
Topic
Board Pools
Re: [~2700 GH/sec] BTC Guild - 0% Fees, Long polling, SSL, JSON API, and more
by
smackdaddy
on 06/07/2011, 03:33:16 UTC
Any chance the DDOS is really just the unhandled mining traffic?

I'm wondering if maybe you published new DNS names for people to connect to, this would maybe ease up?
Post
Topic
Board Marketplace
Re: Mt. Gox: If your coins were stolen, please write here
by
smackdaddy
on 18/06/2011, 13:52:10 UTC
That's what salt is for! Roll Eyes

Just read it up on Wikipedia...

Uhm, I think you need to read up on it. Salting helps defend against table lookups but does not strongly protect against brute force.

Post
Topic
Board Marketplace
Re: Mt. Gox: If your coins were stolen, please write here
by
smackdaddy
on 18/06/2011, 13:46:36 UTC

Password are encrypted one way (+salt). Someone cannot be selling "user + pass" unless he has some way to revert this.

In one expression: FUD

Well, to be fair, if you have the hashed values, it takes very little effort to bruteforce a large number of passwords. Especially if you use tables.

Your statement makes me nervous about the state of overall security at mtgox....relying on hashed passwords was a failing paradigm over a decade ago.
Post
Topic
Board Pools
Re: BTC Guild - 0% Fees, Long polling, SSL, JSON API, and more [~1700 gH/sec]
by
smackdaddy
on 17/06/2011, 19:00:53 UTC
Luck statistics were added to the block statistics page, for both a 24H window and since the difficulty change.

What do the percentages indicate? Variance from expected?
Post
Topic
Board Economics
Re: Make peace with the black market
by
smackdaddy
on 17/06/2011, 15:09:06 UTC
OP is correct.

The bottom line is that nobody would jump through hoops to use bitcoins for the types of things they can just happily pay for with their credit cards.

The real and true value that bitcoins bring to the table is the ability to move capital virtually and securely without the various governments of the world knowing about it.

The best chance bitcoin has to make it in the long term would be for drug cartels, ethnic mafias, and any other types of organized crime to adopt it as their currency of choice.

The chances of Walmart or Amazon ever accepting bitcoins is miniscule.

The same aspects of crypto currency that many view as revolutionary (unregulated, pseudonymous, irreversible transactions) are the very aspects that will ultimately prevent mainstream big business (who has a vested interest in the status quo) from allowing it to become a currency of the masses.

That said, it holds a lot of potential to become a very strong currency, with it's value ultimately being backed by the advantages it provides rather than raw materials (such as gold) or confidence in government (such as national currency).

99% of the people on this forum are clueless.
Post
Topic
Board Pools
Re: BTC Guild - 0% Fees, Long polling, SSL, JSON API, and more [~1500 gH/sec]
by
smackdaddy
on 16/06/2011, 17:37:25 UTC
This update has been pushed back far too long given how easy it is, but I finally have some time to breathe again and get to work on features Smiley.

My Account -> Rewards Summary now display how much BTC you've generated in the last 24 hours.

Nice! Very helpful, with the change in difficulties.
Post
Topic
Board Marketplace
Re: 1.2 Ghash for sale
by
smackdaddy
on 16/06/2011, 17:34:40 UTC
Well, so then I must have been on a different forum where a couple of guys offered exactly this: leasing hash rates, a.k.a. mining contracts. Actually it's because it makes a lot sense — not just for the seller but for the buyer as well. Personally I started setting up such a service as well… and I don't see a problem in offering such thing. It's (almost) just a matter of the right price, no? And trust of course.

Oh, sure, people are trying to lease hash rates. What I meant was, if you look at the amount of money being spent on leasing computer equipment versus leasing computer *output* (of any sort), there's no real comparison.

Here's the problem which nobody has successfully addressed: Why would you lease me your hashing at a monthly rate that is less than you would receive yourself from mining? Conversely, why would I lease your hashing at a monthly rate that is more than I would receive from the value of the coins?

See, either way somebody loses. Thus, there can be no trust, because there is no mutual benefit. Business 101.
Post
Topic
Board Marketplace
Re: 1.2 Ghash for sale
by
smackdaddy
on 16/06/2011, 17:16:22 UTC
You have ignored the bulk of my two primary criticisms:

#1 Why would anybody trust you?

#2 Why would this deal make financial sense to you? Since it's strictly about mining abilities, either you lose or the customer loses. The only business deals that make sense are when both parties win.

All the hand waving and straw-man erecting in the world will not resolve those fundemental issues.
Post
Topic
Board Marketplace
Re: 1.2 Ghash for sale
by
smackdaddy
on 16/06/2011, 16:49:47 UTC
Heh. Ok man. You must be right, since you have a psuedo-response for every post. I'm sure people will be knocking down your door, now that they've seen the depths of your unassailable logic.
Post
Topic
Board Marketplace
Re: 1.2 Ghash for sale
by
smackdaddy
on 16/06/2011, 15:07:08 UTC
(and not just leasing computers for general purposes that have AMD GPUs...which would lease for 1/10th the rates you're asking, by the way)

Please direct everyone to a place that offers 1.2 Ghash for $75 per 30 day lease.  I would gladly lease that.

Nobody leases hash rates. They lease equipment. Typical lease rates are around 1/10th-1/12th of the purchase price, per month, with a multi-year agreement.

Post
Topic
Board Beginners & Help
Re: How many newbies are mining?
by
smackdaddy
on 16/06/2011, 14:29:28 UTC
Good luck finding video cards in stock for reasonable prices. Smiley
Post
Topic
Board Marketplace
Re: 1.2 Ghash for sale
by
smackdaddy
on 16/06/2011, 14:26:39 UTC
Let me explain why nobody will be leasing from you:

- You're some guy on a forum. What assurances do I have that if I send you this (substantial) amount of money, you will hold up your end of the bargain? (this is honestly as far as 99.9% of the people would get in the cost/benefit analysis).

- Because you're not leasing the hardware, just the bitcoin return, one has to consider the math and motivations and they will see that you have to be trying to scam people. Let me explain. Because you're providing only the bitcoin return (and not just leasing computers for general purposes that have AMD GPUs...which would lease for 1/10th the rates you're asking, by the way), it's purely an issue of math. In order for this deal to make sense compared to simply taking the $750 and buying bitcoins on an exchange, there would need to be a substantial margin available. In order for their to be a substantial margin available to your customers, you would have to be willingly taking a loss compared to just mining yourself and keeping the coins.

Basically, in order for this to be worth it for a customer, it requires you deliberately losing money. When somebody proposes a business deal that clearly would result in them losing money, HEAD FOR ZEE HILLS.

Basically, you're looking to take advantage of people. So gtfo.
Post
Topic
Board Marketplace
Re: MtGox, Secure?
by
smackdaddy
on 14/06/2011, 16:12:21 UTC
I just noticed the Mt. Gox's login works by submitting the username and password, unencrypted (well, it posted to an SSL site, but the password is in clear text in the URL).

That makes me very uncomfortable. It makes me suspect the site has not been well coded. I feel like there is a high probability that mtgox is compromised to some degree.
Post
Topic
Board Marketplace
Re: Brick and Mortar merchant initial impressions.
by
smackdaddy
on 14/06/2011, 02:43:23 UTC
Do you run an escort service?

Reading your post was very interesting to me...I've been trying to come up with what your business could possibly be and that's the best I can do.

Bitcoins would seem like the ultimate currency for this industry for many of the reasons you describe.

edit: Hovered over your link thing or whatever...New York Fetish Fortress. Nice. Not really my thing but yeah, I can see where bitcoins would create a nice intermediary, removing alot of the calousness of cash.