Cryptocoin Mining?

[bkiserx7]

move along... nothing to see here !

This guy saw the future and didn't share the info

 

[KlokWyze]

Sounds like a good idea, but I'm not sure I'd want to leave a bunch of coins on any site really.

Indeed. Especially for a measly ~1%. Interestingly enough, the rate depends on the coin. VTC & DarkCoin had much higher rates.

Can anyone give me a short answer of why NXT has done so well in terms of BTC value recently?

 

[Soulkeeper]

I wrote an scrypt kernel that is over 10% faster on gcn http://sterlingdesktops.com/pub/lsoc/
Funny thing is it's way too little way too late and nobody cares :/

 

[taltamir]

Anyone see that bter.com is now offering interest for crypto deposits? Hmmmmm.... considering I'm just sitting on my coins waiting for the prices to jump.... why not?

1. historically, sites that hold your coins tend to lose them / embezzle them
2. you are basically handing control over your coins to the chinese government.

 

[pandemonium]

1. historically, sites that hold your coins tend to lose them / embezzle them
2. you are basically handing control over your coins to the chinese government.

You are reaching paranoid conspiracy levels here.

Historically, there have been how many sites that have lost/embezzled out of how many that haven't?

 

[Dr. Zaus]

You are reaching paranoid conspiracy levels here.

Historically, there have been how many sites that have lost/embezzled out of how many that haven't?

As a percentage of the overall coin supply? It's not statistically insignificant.

 

[taltamir]

https://bitcointalk.org/index.php?topic=83794.0#post_toc_17

 

[pandemonium]

I think a little perspective is required here.

Out of all of the venues that have BTC use, that list cites 44/9542 (per spendbitcoins.com), or 0.46%.

Also, the total volume involved is 0.45% (58,706.279/12,947,825) of all of the BTC out there, which amazingly coincides quite well with the above mentioned amount of available online venues for the currency's ecosystem.

That list may seem condemning, but overall, that's pretty small considering these are the youthful years of the currency and if you compared it to any major, widely accepted currency, we'd probably be very surprised (which is a task I'm not willing to take up, since that's probably literally impossible to do myself).

 

[taltamir]

0.46% of entities, 6.6% of all coins in circulation (as of march 2014).
Just the first result on my search rather than anything exhaustive.
Also... I looked at the site you listed. that is 9542 entities that ACCEPT BITCOIN AS PAYMENT.
Accepting bitcoin as payment has nothing to do with holding your bitcoins for you.
Your argument is akin to saying that banks are secure because even though all major banks got hacked, if you count banks as 1 entity each and every company that accepts credit cards as one entity, you would find that the total percent of entities hacked is less than 1%. well no kidding.
out of those 9542 entities on spendbitcoins.com, only 37 entities offer financial services (and not all of those include online wallets).

PS. the list I found has the following blurb at the top

Dear reader,

This thread has been superseded by a newer thread due to character size restrictions. A copy is left here for archival purposes; however, this copy is significantly out-of-date.

Here is the updated list
https://bitcointalk.org/index.php?topic=576337

Regardless, its up to you whether you want to actually secure your coins or not.
No skin off my back of you choose not to secure your coins properly.

 

[KingFatty]

What would prevent an online wallet from stealing your coins? Worrying about whether they keep a good reputation? That's not a very good safety net. If some fly-by-night website in China steals all your coins, what are you going to do, try to sue them? I think they are untouchable in that regard.

But due to the nature of bitcoin, your coins will be gone.

 

[pandemonium]

0.46% of entities, 6.6% of all coins in circulation (as of march 2014).
Just the first result on my search rather than anything exhaustive.
Also... I looked at the site you listed. that is 9542 entities that ACCEPT BITCOIN AS PAYMENT.
Accepting bitcoin as payment has nothing to do with holding your bitcoins for you.
Your argument is akin to saying that banks are secure because even though all major banks got hacked, if you count banks as 1 entity each and every company that accepts credit cards as one entity, you would find that the total percent of entities hacked is less than 1%. well no kidding.
out of those 9542 entities on spendbitcoins.com, only 37 entities offer financial services (and not all of those include online wallets).

PS. the list I found has the following blurb at the top

Here is the updated list
https://bitcointalk.org/index.php?topic=576337

Regardless, its up to you whether you want to actually secure your coins or not.
No skin off my back of you choose not to secure your coins properly.

I didn't do anything exhaustive either, since this isn't something that has been deeply analyzed before and that data really isn't readily available.

I'm certainly not saying it's not wise to manage your currencies yourself. I just think it's an overreaction to summarily state that all services out there are going to embezzle or lose your coins.

There are plenty of federally recognized services out there that can offer a secure way to manage your coins.

The list I referenced was the updated version you mentioned.

 

[Mark R]

What would prevent an online wallet from stealing your coins?

A design of the wallet which ensures that your private key never leaves your control. For example, blockchain.info wallets work like this.

They store an encrypted form of your private key. When you transfer, you enter a password which never leaves your browser and a script decrypts the private key, and then sends the signed transaction back to the server which broadcasts it.

The problem then becomes how does the average man on the street verify this.

At least with blockchain, the founder shows his faith in it - he keeps 90% of his net worth in his blockchain.info online wallet.

 

[Piotrsama]

I wrote an scrypt kernel that is over 10% faster on gcn http://sterlingdesktops.com/pub/lsoc/
Funny thing is it's way too little way too late and nobody cares :/

I tested it on my 290 VaporX, and my hashing went from 790 Kh/s to 850 Kh/s. (with 14.6 beta, stock speeds and 18 Intensity)
That's an increase of about 7.5% on gcn 1.1.
Very good Job!

 

[taltamir]

I'm certainly not saying it's not wise to manage your currencies yourself. I just think it's an overreaction to summarily state that all services out there are going to embezzle or lose your coins.

what I said was

1. historically, sites that hold your coins tend to lose them / embezzle them

Historically =! Y is going to happen
Tend to =! all

A LOT of sites have lost coins, a LOT of sites have embezzled coins. It is the smart thing to do to keep your own coins

 

[Soulkeeper]

I tested it on my 290 VaporX, and my hashing went from 790 Kh/s to 850 Kh/s. (with 14.6 beta, stock speeds and 18 Intensity)
That's an increase of about 7.5% on gcn 1.1.
Very good Job!

Thanks, you're the first person to test it other than myself

I've mostly performance tuned/targeted my 7850 and 7870.
It's slower on my 6670 and llano APU, but that had to happen

It took me several revisions to get that few extra %, I essentially rewrote the entire kernel (not just editing a line or two like most).

 

[dajeepster]

Thanks, you're the first person to test it other than myself

I've mostly performance tuned/targeted my 7850 and 7870.
It's slower on my 6670 and llano APU, but that had to happen

It took me several revisions to get that few extra %, I essentially rewrote the entire kernel (not just editing a line or two like most).

do you think you can do some magic for x11 or x13?.. i'd be interested in testing it if you can... that's where all my gpus are at, i only have my asics (gridseed) on scrypt now.

 

[thilanliyan]

do you think you can do some magic for x11 or x13?.. i'd be interested in testing it if you can... that's where all my gpus are at, i only have my asics (gridseed) on scrypt now.

Yeah that would definitely be nice. Geforce cards seem to be amazing at X11/X13. They seem to be using the card resources more efficiently. AMD cards have seen some speedup recently for X11/X13 but still not near what Geforce cards can get.

 

[pandemonium]

Newegg started accepting BTC.

 

[Chiropteran]

Newegg started accepting BTC.

This is HUGE, and right after the good news re: California officially allowing bitcoin. Obviously, bitcoin value is hard to predict, but I am thinking this news might start a major rally back to $1000+

At least, I hope it will.

It's already jumped to .652 per mbtc after being stuck below .6 for the last week and a half.

Tempted to buy something from newegg with bitcoin just to show support, even though I don't really need any computer stuff right now.

 

[JBT]

Newegg started accepting BTC.

wow that is GREAT news!

 

[Piotrsama]

Yeah that would definitely be nice. Geforce cards seem to be amazing at X11/X13. They seem to be using the card resources more efficiently. AMD cards have seen some speedup recently for X11/X13 but still not near what Geforce cards can get.

I wonder why Nvidia started doing better than AMD in some scenarios/algos...
Is CCMiner's dev (I think that's the miner) doing miracles?
Or just optimizing and putting things on their place? (supposing that AMD was very optimized and Nvidia wasn't).

 

[SimianR]

It looks like the Vertcoin dev has implemented Stealth addresses -

http://www.reddit.com/r/vertcoin/comments/29jjcb/vertcoin_stealth_address_release/

It will be interesting to see if this has any impact on it's value/marketcap.

 

[thilanliyan]

I'm having a weird problem. I have 3 290s mining right now with all connected to the same pool and with the same settings. However, one of my cards has a hashrate that is ~30% lower. Powertune settings are the same, clocks, mem, intensity, etc are ALL the same.

I am mining X13 right now but I had the same problem with scrypt.

Anyone know what could be going on?

 

[ultimatebob]

You are reaching paranoid conspiracy levels here.

Historically, there have been how many sites that have lost/embezzled out of how many that haven't?

Yeah, and people used to tell me that Mt Gox was the best place to exchange my Bitcoin because it the largest exchange in terms of volume.

What's really scary is that some of those people STILL thought that statement was true after they got hacked... twice!

 

[dajeepster]

I'm having a weird problem. I have 3 290s mining right now with all connected to the same pool and with the same settings. However, one of my cards has a hashrate that is ~30% lower. Powertune settings are the same, clocks, mem, intensity, etc are ALL the same.

I am mining X13 right now but I had the same problem with scrypt.

Anyone know what could be going on?

i've had that happened... i just rebooted which seemed to fix my problem.

I've also had something like that happen when i changed drivers, i had to delete the bin that are created in sgminer to fix that