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Showing 19 of 19 results by xylo
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Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 16/08/2011, 21:50:35 UTC
Looks like someone reset the poll (was 8 yes, 0 no), so I've re-opened the poll for the next difficulty change.

It wasn't reset, it was changed.  It was "do you think difficulty will drop" now it's "do you think difficulty will continue to drop".
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Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 16/08/2011, 01:15:54 UTC
Current difficulty: 1805700.8361937, Estimated difficulty: 7222827.06887830, 300% increase in 2015 blocks, 1w 6day 23hr 50min 0se

Oh dear....  Cheesy


1802901 in 2009 blks  Roll Eyes
I'll give you a hint that's less than the decrease.  Did you put in too many 2s or something? Huh
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Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 15/08/2011, 23:51:12 UTC
How can you predict a difficulty drop?

I mean I suppose it is possible if the amount of FUD on youtube increases dramatically.... but you know youtube  Cheesy

You can predict drops by watching hash rates, knowing a little investor/miner psychology, and comparing recient events to things that happened prior to past drops.  Mainly its just taking the hash rate and doing the math, and if it keeps going down so will difficulty.
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Topic
Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 15/08/2011, 23:45:24 UTC
if bitcoin difficulty drops that would be awesome. Even at that I hope more people stop mining now and the price of the btc goes up!
Not if, WHEN.  In a matter on minuets (one block) the difficulty will drop about 84k.  That's about 4.5%, it's not a record, but it's still awesome. Grin

Happy mining!  Grin
 
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Topic
Board Mining
Re: You know when you are bitcoin miner when...
by
xylo
on 13/08/2011, 20:47:01 UTC
119: When you get a call from someone begging you to relocate to McMurdo.
Post
Topic
Board Gambling
Re: BitcoinONE Charity Lottery (Tickets from .01 BTC!!!)
by
xylo
on 13/08/2011, 16:53:52 UTC
This seems like a good idea, but I think you need to rework your percentages.  Maybe if you could make this more enticing than the other charity lotteries, and no offence, but what makes this better than Bitlotto jr. (aside from the charity thing)?  If anything it's worse, my advice is to make charity optional, the max a person can recieve from the lotto should be about 95%+, and the tickets should have one flat price like .01 or .05.  Yes your intentions are good (I hope), but what you need to consider is that most people aren't that generous, even if they got the whole pot some wouldn't bother to take the time.  So, for some it's not about generosity its about their time, and if they think it's a waste they won't do it.  Tongue
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Topic
Board Beginners & Help
Re: Pandora's Bitcoin Junction (Shareholders wanted)
by
xylo
on 13/08/2011, 02:21:23 UTC
I'll buy a couple shares.  Ehh... why not. Smiley  They're .11 BTC right? Huh
                   
Correct me if I'm wrong.                                        Correct me if I'm wrong.
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Topic
Board Beginners & Help
Re: HOWTO: create a 100% secure wallet
by
xylo
on 13/08/2011, 02:07:32 UTC
This reminds me... I made a backup of my wallet a few days ago, but when I needed it I had already forgotten the PW for the flash-drive, after some digging around I found a recovery key in an encrypted zip on my encrypted partition.  In short I've finally restored my wallet.  Grin

   Note: Some people forget really important things, I'm one of them. Embarrassed
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Topic
Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 13/08/2011, 01:44:49 UTC
That's not a significant difference  Cheesy

not when compared to 100% but if you compare it to what has happened with difficulty increases in the past...

would you rather a +2% change or a -20% change Cheesy


Anything in the negatives, it could go down -.0000000000000000000000001% and I would be happy, as long as it doesn't go up...EVER!  Grin

Realism factor (1-10):HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

really don't want it to go up? the % i was referring to was the change in the amount earned per day. eg 1 btc vs 1.02 btc = +2% which is unusual as normally miners are gradually earning less per day.



Sry, I misread.  Undecided Oops!
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Topic
Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 13/08/2011, 00:44:52 UTC
That's not a significant difference  Cheesy

not when compared to 100% but if you compare it to what has happened with difficulty increases in the past...

would you rather a +2% change or a -20% change Cheesy


Anything in the negatives, it could go down -.0000000000000000000000001% and I would be happy, as long as it doesn't go up...EVER!  Grin

Realism factor (1-10):HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA


edit: I misread sry.  Undecided Oops!
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Topic
Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 13/08/2011, 00:38:56 UTC
hey newbies! No projection, but nice graphs are also here: http://bitcoin.sipa.be

gribble bot on irc projects:

Quote
;;bc,diff
1888786.7053531

Another projection (which I assume to be the most accurate) can be found here: http://dot-bit.org/tools/nextDifficulty.php

I myself project: For all practical purposes, the next difficulty will be the same as the current one.

Thanks for the info.  Cheesy
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Topic
Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 12/08/2011, 23:50:01 UTC
That's not a significant difference  Cheesy

@#$ realist, always have to drag me back to reality. Sad
Anyway, bitcoins are bitcoins and I'll take another 2%-ish percent of em'.
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Topic
Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 12/08/2011, 23:43:51 UTC
Network hash rates have been dropping little by little for a while, and maybe, just maybe we'll see a nice difficulty drop.  It's almost like panning for gold, shake out the sand and dirt (the not so real miners) and you're left with the gold (as in the real miners).  Smiley
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Topic
Board Beginners & Help
Re: Best pool is definatly MineCo.in
by
xylo
on 12/08/2011, 23:38:47 UTC
I've been using Slush's pool since last December and apart from the DDOS attacks that happen occasionally its never let me down. Also my payout from the pool has been ahead of my theoretical solo mining return since I've started so its all good  Smiley

Same here. Grin
I've been using slush since I started, I've tried a few others, but they don't go quite as well for me.
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Topic
Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 12/08/2011, 23:32:47 UTC
I just ran across some interesting info that some of you may already know about.  A potential and what appears likely difficulty drop, so far it's predicted to drop from the current 1,890,362 to aprox. 1,854,133. Grin  That's about a 26k drop, I know relative to the current difficulty this is insignificant, but a drop like this has to be noticeable to some miners, or is it?  Huh

  More information can be found here: http://bitcoinwatch.com/



Doubt it if you were getting say 1btc a day that extra 2% will get you 1.02 not a whole hell of a lot extra to write home about..

True, but I can't complain.  I'll take what I can get, and think more long term lets say at that BTC a day that extra 2% (additional .60/month) would make a nice bit of pocket change, for lets say idk... maybe a couple lotto tickets or something. Smiley
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Topic
Board Beginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 12/08/2011, 23:23:06 UTC
This information is also available at bitcoincharts.com

Nice to know.  
Thanks!         Thanks!          Thanks!          Thanks!
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Board Beginners & Help
Topic OP
Projected BitCoin difficulty drop
by
xylo
on 12/08/2011, 23:16:44 UTC
I just ran across some interesting info that some of you may already know about.  A potential and what appears likely difficulty drop, so far it's predicted to drop from the current 1,890,362 to aprox. 1,854,133. Grin  That's about a 26k drop, I know relative to the current difficulty this is insignificant, but a drop like this has to be noticeable to some miners, or is it?  Huh

  More information can be found here: http://bitcoinwatch.com/
    edit: Better monitoring site here: bitcoincharts.com (live updates)  Cheesy

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Board Beginners & Help
Topic OP
I just ran into some bitcoin charity lottery looking through the forums.
by
xylo
on 12/08/2011, 20:57:35 UTC
Hello, I'm new here, anyway I've been looking through the forums, and I just saw a charity lottery posted by someone called "bitcoinone".  Is this real (as in legit)?  I'm a bit a paranoid, so mind my not so trusting nature.  And is it me or does it say they keep %25 of the entries?

  Link: https://bitcointalk.org/index.php?topic=35345.0
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Topic
Board Beginners & Help
Re: Introduce yourself :)
by
xylo
on 12/08/2011, 03:51:11 UTC
I have to say I'm not too fond of the "Newbies" policy, but I understand why.  Just one thing, you stop spam by making newbs spam this thread?  I suppose it works... or could work.