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Showing 20 of 21 results by tokn
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Re: Why was bitcoin designed with no inflation?
by
tokn
on 17/06/2011, 20:13:16 UTC
Why make somthing that looses value over time when you can make somthing that becomes more valuable over time?



I joined much later than i wish i had, yet i'm ecstatic watching the few coins i got earning me money just by sitting there. I hold no hard feelings towards the people that got in before me, i'm happy for them, but i guess i'm significantly less selfish than your average guy (or at least try to be). I don't get envious of people that have things better than me, i mean, not in the bad sense; i would like to be as lucky, sure, but i wouldn't dare want to rob them of their happiness to have my own, nor do i wish they hadn't been as lucky.

There are no guarantees that bitcoin will hold its present value or even increase over time.

What the op wrote makes a lot of sense.  I also think the coins given out for the early adopters were too much too fast, and now its very difficult with only 1/3 of the total coins mined.

There should have been a slower coin distribution and a larger supply of coins, then the growth and value would have been slow and steady, not this huge peaks and valley like we have been seeing.  This methodology still benefits early adopters since they will have more coins, but it also allows late miners into the game.  Considering the technology is P2P, more miners=more computation power, which is better for the community as a whole.

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Board Beginners & Help
Re: Gui miner and Phoenix
by
tokn
on 16/06/2011, 13:11:52 UTC
What do you mean check on the pool? I'm solo mining
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Board Beginners & Help
Gui miner and Phoenix
by
tokn
on 16/06/2011, 07:41:16 UTC
I have 2 5830 GPUs, one using poclbm with switch -v -w128 getting around 280Mhash/s

2nd GPU using phoenix -k phatk VECTORS BFI_INT WORKSIZE=256 FASTLOOP=false AGGRESSION=12 getting 300Mhash/s

But if I go into summary screen of guiminer, poclbm shows the accepted column increasing, but the phoenix is at zero.

Is this the phoenix miner working or any I doing something wrong.  I am currently solo mining at the moment.

Thanks.
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Board Beginners & Help
Re: Dual GPU non Xfire and gui miner question
by
tokn
on 16/06/2011, 03:35:55 UTC
Makes sense, thanks for the answers.
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Board Beginners & Help
Dual GPU non Xfire and gui miner question
by
tokn
on 16/06/2011, 02:17:54 UTC
So I got dual card setup, have everything configured and ready to start mining.

When selecting devices, I can either select device 0 or device 1, so my question is, if I set up job 1 and select device 0-0 and then set up another job and select device 0-1.  Are the gpus working independently? Or will they be hashing at the same block?

If they are independent, can I combine their processing power on the same block without xfire?
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Board Beginners & Help
Re: Dual gpu
by
tokn
on 15/06/2011, 21:46:25 UTC
Thanks for the suggestion but eh, sister wanted her monitor back, I'll try it later.  Does anyone have any suggestions for a solo screen comp on how to get these 2 gpus running?  Hmm, I'll try linux I suppose, would rather not have to go through the process of doing all that installing again, so I'll wait until tomorrow if someone puts up a different option. 
Still thanks bert for all the info.

Have you tried the dummy plug as previously suggested?  Takes all of 2 minutes to rig one up, if you live in the US and have a radio shack nearby they sell the resistors for .99 for a pack of 5.

http://forums.bit-tech.net/showthread.php?t=167450

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Board Beginners & Help
Re: Stupid Question - Confused Newbie
by
tokn
on 15/06/2011, 21:28:33 UTC
CPU doesn't matter with regards to mining, you need to have a good GPU.

Is my graphics card very good?  (NVIDIA GeForce 320M)


No see the hardware link I gave.

At your current rate: 1Mhash/s is a losing proposition you are going to pay a lot in electricity and not get anything out of it.

Does my Mhash/s depend on internet speed?

mhash can come from CPU or GPU, but you will get more from the right GPU. Again see the link.
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Board Beginners & Help
Re: Could you help me to define my hardware ?
by
tokn
on 15/06/2011, 20:46:23 UTC
ok thank for your help Smiley
 
It reassures me that I can use low cost materiel for HDD, CPU and ram.
For linux I used to use ubuntu so if I must get this OS I think that it will not be difficult.

My main problem is the motherboard I'm completely lost on which motherboard I must choice.



The motherboard you chose should be fine if you wanted to add a 3rd and 4th card later.  The PCIe 1x to 16x converter is just that, the cable plugs into your 1x slot, then on the other end, it has a slot for you to plug your 16x card into.

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Board Beginners & Help
Re: Stupid Question - Confused Newbie
by
tokn
on 15/06/2011, 20:27:40 UTC
At your current rate: 1Mhash/s is a losing proposition you are going to pay a lot in electricity and not get anything out of it.

CPU doesn't matter with regards to mining, you need to have a good GPU.

See the hardware comparison site and see where you GPU fits in. https://en.bitcoin.it/wiki/Mining_hardware_comparison

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Board Beginners & Help
Re: btc mining w/ Nvidia
by
tokn
on 14/06/2011, 20:24:32 UTC
See this page and it'll explain why nvidia cards are slower than AMD (ATI) GPUs.
https://en.bitcoin.it/wiki/Why_a_GPU_mines_faster_than_a_CPU
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Board Beginners & Help
Re: iMac's any good for mining (radon 9600) ?
by
tokn
on 14/06/2011, 03:01:37 UTC
Are you sure it's a 9600 Pro? That card is about 7-8 years old, and impossible to mine with.

Was about to say the same thing...

If you put money into a video production company I would imagine you need better hardware than a 9600...there are probably $50 cards that would run circles around a 9600, although its mac, so I don't really know if you could even upgrade it.
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Board Beginners & Help
Re: Wanting to Market a Useful Skill
by
tokn
on 14/06/2011, 02:53:55 UTC
Maybe start with a website detailing whatever it is that you do.  You can structure it by price per project or price per hour, show detail examples.

Then finally put yourself out there on various btc forums and market yourself.
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Board Beginners & Help
Re: Not buying bitcoin
by
tokn
on 14/06/2011, 02:45:48 UTC
Bitcoin is still in its infancy, and yes there are stuff that could be worked out to make it more mom/pop friendly, but if the pioneers keep using/mining/buying/selling I'm confident it'll evolve into something more.

All it takes is someone with a good idea on how to do something a little better and it'll be that much closer to being adopted...
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Board Beginners & Help
Re: MtGox Account got Hacked Today
by
tokn
on 14/06/2011, 00:24:51 UTC
You guys warning him about how to guard his own PC, seem to be assuming that Mt. Gox itself is 100% secure.

No one entity is ever 100% secure.  But based on the OP's post, he mentioned that to use strong passwords and don't make his mistake, meaning its was probably not a strong password.  So a hacker could have easily brute force or dictionary attacked his password.
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Board Beginners & Help
Re: Easiest/Quickest Way to Make BTC?
by
tokn
on 13/06/2011, 23:24:47 UTC
Are you disabled? Do you have no neighbors who need oddjobs done? Excuses are a finite resource relied on by the weak.

QFT, unless you are disabled, get up and find work.  No one will help you if aren't willing to help yourself...
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Board Beginners & Help
Re: MtGox Account got Hacked Today
by
tokn
on 13/06/2011, 23:21:03 UTC
Use very strong passwords anywhere where money is involved online, and DON'T use the same password at multiple sites.

Agreed, so many people underestimate the power of the password.  To make one really secure, use special characters like #, !, &... that
makes it real hard to crack.  Also use upper/lowercase and alpha/numeric.

While I whole heartedly agree that a strong password is a must, but don't stop there.  Ensure you take other security measurements on your system as well: Up to date antivirus, scan pcs for malware/spyware, patch your systems.  And if you have questionable browsing habbits, then make sure you use a different system (if available) for that.

I'm sorry for your loss, hopefully there are some recourse with the vendor.

I know how you must be feeling to have something taken from you.  I once had my poker account broken into and they used up all my funds, while not to your amount, but I still felt violated.
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Board Beginners & Help
Re: Donations!
by
tokn
on 13/06/2011, 23:07:42 UTC
Seriously? your first post and you're going to beg for it?

Some people's kids...
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Board Beginners & Help
Re: Easiest/Quickest Way to Make BTC?
by
tokn
on 13/06/2011, 23:06:09 UTC
I can relate to it being confusing.  But take the time to read and try to understand the information that is available and its not that hard.

If you are still confused, ask specifically which parts you don't understand and there are plenty of knowledgeable people whom will be more than happy to answer your questions.

If you can't mine, and don't have a service to provide then obviously you aren't going to be very successful at acquiring bitcoins.

If it was easy we would all have bitcoins and chances are they would be worth next to nothing.
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Board Beginners & Help
Re: VideoCards4Sale, Los Angeles,CA
by
tokn
on 13/06/2011, 22:57:53 UTC
Its one thing to try and make a quick buck, its another to gouge.  Doubling the retail price on a 6990 is beyond ridiculous, considering there are other alternatives for a lot cheaper.

And with that attitude, little alone the price, I doubt you'll get anyone to jump on this.

Oh and just doing a quick search:

http://www.eworldsale.com/sapphire-radeon-hd6990-4gb-ddr5-dvi-4x-mini-displayport-pci-express-video-card_8819_60405.html

At the time of this post is in stock for $800
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Board Beginners & Help
Re: How many BTCs have been generated so far?
by
tokn
on 13/06/2011, 22:11:33 UTC
If you go solo mining, you could get 50 coins on your first day, or it could take 3 months.
Doesnt it depend on your rig?

This was also my impression, although not 50/day but rather the higher your mhash/sec the higher your chances of landing those blocks.