Bitcoin Mining

By rates of LTC -> BTC do you mean money? Btc-e.com is probably the best site to sell LTC on. They have prices listed for both.

Thanks. What about the first question I had? Can this be done on OS X the way you have it setup?

Quote from: sokarul on April 18, 2013, 05:48:22 PM

By rates of LTC -> BTC do you mean money? Btc-e.com is probably the best site to sell LTC on. They have prices listed for both.

Thanks. What about the first question I had? Can this be done on OS X the way you have it setup?

I have no idea. Here is the lastest p2pool. https://bitcointalk.org/index.php?PHPSESSID=l4leu2rh1ggllrm70mhq770gg6&topic=18313.0
and here is a install thread that list mac.
https://bitcointalk.org/index.php?topic=64329.0

2x 7970's are running, but with much lower Kh/s than I anticipated (1100 Kh/s). I found out the GHz edition 7970s aren't all that great at mining unfortunately. The upside is they run a lot cooler than these other 7970's I'm seeing, with the one that has the most constricted airflow (fans almost bump against other 7970) running at 73C and the other with better airflow at 64C. I don't have enough data to say how many Litecoins I am getting per day, but a rough average would be 0.1 LTC every 45 or so minutes, a lot more than I expected, really.

I've tried overclock and intensity figures, overclocking them seems to actually make them worse and modifying intensity above or below 13 also makes them worse. The GHz edition apparently doesn't respond to clock and configuration changes as well as the stock 7970 does.

Despite Rushy's assurances that bitcoins could not be counterfeited
http://www.bbc.co.uk/news/technology-22380603

If I was an investor, that would make my mind up for me. Bitcoin is not a sound currency. Its going to end up being hacked to death.

Despite Rushy's assurances that bitcoins could not be counterfeited
http://www.bbc.co.uk/news/technology-22380603

If I was an investor, that would make my mind up for me. Bitcoin is not a sound currency. Its going to end up being hacked to death.

Obvious troll is obvious.

Despite Rushy's assurances that bitcoins could not be counterfeited
http://www.bbc.co.uk/news/technology-22380603

If I was an investor, that would make my mind up for me. Bitcoin is not a sound currency. Its going to end up being hacked to death.

They weren't counterfeited at all.

Rushy will be rich someday as the first man to actually make a "get-rich-quick" scheme work

Quote from: Thork on May 02, 2013, 06:03:20 AM

Despite Rushy's assurances that bitcoins could not be counterfeited
http://www.bbc.co.uk/news/technology-22380603

If I was an investor, that would make my mind up for me. Bitcoin is not a sound currency. Its going to end up being hacked to death.

They weren't counterfeited at all.

Please give me an analogous comparison to 'illegally mined' in terms of regular currency.

Please give me an analogous comparison to 'illegally mined' in terms of regular currency.

You had an excavator in your backyard you used to play dig-dug games with, someone started using your game-excavator to mine gold when you weren't using it and you didn't notice for quite a while. The same guy that would steal yours stole everyone else's excavators, too. Now you're all mad because he used your stuff to dig up gold. The excavators weren't counterfeiting gold, just finding gold that was already there.

Please give me an analogous comparison to 'illegally mined' in terms of regular currency.

You were running on a treadmill to get buff and finally seduce rooster. I hooked your treadmill up with a(n unrealistically efficient) power generator without your knowledge or permission, and sold the energy you've produced to Power4Gold for cold hard cash.

Please give me an analogous comparison to 'illegally mined' in terms of regular currency.

You were employed to work at my company, and agreed to work for $25/hr. The payroll clerk, hoping that none of the employees would notice made up a bogus tax and put it on everyone's pay stub, reducing your $25/hr to an effective $20/hr. They would then take that difference and deposit it into their own account.

Quote from: Thork on May 02, 2013, 02:30:24 PM

Please give me an analogous comparison to 'illegally mined' in terms of regular currency.

You were employed to work at my company, and agreed to work for $25/hr. The payroll clerk, hoping that none of the employees would notice made up a bogus tax and put it on everyone's pay stub, reducing your $25/hr to an effective $20/hr. They would then take that difference and deposit it into their own account.

That's tax fraud. Its not the same as 'illegal mining' of bitcoins which is equivalent to counterfeiting - generating new currency without permission.

Fine, then you don't have any line item on their pay stub, you just pay them less than expected and hope nobody notices.

Fine, then you don't have any line item on their pay stub, you just pay them less than expected and hope nobody notices.

That's theft. Its not the same as 'illegal mining' of bitcoins which is equivalent to counterfeiting - generating new currency without permission.

That's tax fraud. Its not the same as 'illegal mining' of bitcoins which is equivalent to counterfeiting - generating new currency without permission.

Mining doesn't generate currency, Thork. Also, you can't counterfeit Bitcoins.

Quote from: Thork on May 03, 2013, 02:15:23 PM

That's tax fraud. Its not the same as 'illegal mining' of bitcoins which is equivalent to counterfeiting - generating new currency without permission.

Mining doesn't generate currency, Thork.

Of course it does. It releases new bitcoins into circulation. Like printing money.

Of course it does. It releases new bitcoins into circulation. Like printing money.

Releasing currency and generating it is not the same thing. 21 million Bitcoins exist, period. There are no more or less than there ever will be. Stop acting like you know what you're talking about when you so clearly don't that it is painful to read your posts.

Quote from: Thork on May 03, 2013, 02:40:35 PM

Of course it does. It releases new bitcoins into circulation. Like printing money.

Releasing currency and generating it is not the same thing. 21 million Bitcoins exist, period. There are no more or less than there ever will be. Stop acting like you know what you're talking about when you so clearly don't that it is painful to read your posts.

You just don't understand the system.

With bitcoins a central bank does not issue the currency. The idea is that the people issue their own currency. Its a libertarian ideal so that the people are in charge. Not a central bank or government. However, if someone releases more of that currency for themselves than they should, the system falls down. they have generated currency for themselves and broken the rules governing its distribution. This is called counterfeiting. If the bank of Scotland started distributing British pounds without the express consent of the Bank of England, that would be counterfeiting - see Bank of England Act 1844. This guy mining coins without permission is doing just that. He is adding to the supply of money 'illegally'.

You just don't understand the system.

With bitcoins a central bank does not issue the currency.

True.

The idea is that the people issue their own currency. Its a libertarian ideal so that the people are in charge.

False.

However, if someone releases more of that currency for themselves than they should, the system falls down. they have generated currency for themselves and broken the rules governing its distribution.

False, again.

This is called counterfeiting. If the bank of Scotland started distributing British pounds without the express consent of the Bank of England, that would be counterfeiting - see Bank of England Act 1844. This guy mining coins without permission is doing just that. He is adding to the supply of money 'illegally'.

Your analogy doesn't even remotely apply to Bitcoin. Thork, I'm seriously trying to help you, but if you keep resorting to making shit up rather than ask questions, I'm going to stop.

Department of Homeland Security (aka the Gestapo) froze Dwolla (a cash interim exchanger) Mt.Gox (a Bitcoin exchange) accounts. No reason was given.

http://arstechnica.com/tech-policy/2013/05/feds-seize-money-from-top-bitcoin-exchange-mt-gox/

It was discovered that a IT guy at my high school used all the labs to mine all of last summer. I don't know how much he made, but it could've been pretty decent, considering the power and hardware were free to him.

DHS are literally fascists.

Terrorists are using bitcoin.

Rushy, are you rich enough to buy all oil on Earth yet?

Rushy, are you rich enough to buy all oil on Earth yet?

I've already bought Mars. Yes, the entire planet. It was sold by some shady dude in an alley and the deed has coffee stains, but whatevs. Mars is mine. I'm filing a cease and desist order to NASA immediately. Those rovers are on my property.


These coins are going to make me even richer, just you wait. Warren Buffet is going to be crying himself to sleep when he hears I went from five bucks to the richest man in the world.

Can I go live on Mars? Earth is full of stupid people.

Can I go live on Mars? Earth is full of stupid people.

Can I come with you?

Quote from: Lorddave on May 22, 2013, 09:34:56 AM

Can I go live on Mars? Earth is full of stupid people.

Can I come with you?

Only if you chip in for gas.

Can I go live on Mars? Earth is full of stupid people.

Sure, you can be one of my new and numerous slaves paid and respected workers.

On behalf of the People's Sovereign Democratic and Very Liberal Republic of East Space, I would like to establish diplomatic relations with your planet. Also, we have nukes and we're very scary, just saying.