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Paul MaudDib posted:Sounds like basically a private torrent tracker but with bitcoin instead of ratio. Yeah, but the data isn't bootleg movies, it's just hashes of hashes because butterz have never thought of anything to do more interesting than hash. Probably because buying hash is the only realistic usecase of butts anyway.
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Jul 6, 2017 01:53
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Alright boys time to do some 
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Jul 6, 2017 03:49
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1gnoirents posted:Alright boys Rolling in pennies a day bro 
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Jul 6, 2017 04:29
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The 1080 Ti can still get like $6 a day but it used to be like 9  .
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Jul 6, 2017 04:30
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1gnoirents posted:Alright boys tight revzilla decals, do they sell GPUs now too? I have tons of zla to spend Yet another worthless currency im over-invested in
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Jul 6, 2017 04:32
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oh no those have been there so long I forgot about them now Im embarassed to out myself  HEY THERE thisisAnthonywithRevzillawhereYoucanWatchDecideandMinne here with you today to turn your hard earned cryptocoins into 'zillacash at a hash rate you can afford 1gnoirents fucked around with this message at 04:36 on Jul 6, 2017 |
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Jul 6, 2017 04:33
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Shifty Pony posted:Except we know that is vastly oversimplified bullshit when applied to human behavior. People regularly pay more than the value of something just to avoid "losing out", especially in zero-sum situations with sunk costs. Bitcoiners seem particularly prone to the "it will be worth bajillions in the future!" excuse. More or less, there is some masters level econ fuckery you can do to adjust the normal MR=MC for human factors like sunk costs fallacy, non-ideal strategies, and limited information economic exchanges, but the math gets annoying and actually calculating it requires econometrics, the worst flavor of statistics, so I'll pas on that. I, too, look forward to proof of stake, because if there is one thing cryptocoins do well it's steal from each-other and set up newer, fancier Ponzi schemes. QuarkJets posted:Stake grinding isn't breaking the rules; at the end of the day you're still publishing a valid block, you're just varying that block within the range of validity attempting to ensure you'll get the subsequent block as well. The "brute force time, effort and cost" can be summarized as "Proof of Work". No stake is risked by doing this, just money spent on computational resources (which is no different than Proof of Work mining) The more updated POS systems have a mechanism in place to prevent stake grinding, through a variety of means. One is that if you get too lucky within a given time horizon the rest of the nodes send the 'bye bye stake' transaction and you're removed from the validators list, which acts to reduce the payout for stake grinding, since even if you found a chain that made you the validator forever, you'd get 3-4 blocks out in a 1000 block chain before you were booted out. Methylethylaldehyde fucked around with this message at 05:49 on Jul 6, 2017 |
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Jul 6, 2017 05:45
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Methylethylaldehyde posted:More or less, there is some masters level econ fuckery you can do to adjust the normal MR=MC for human factors like sunk costs fallacy, non-ideal strategies, and limited information economic exchanges, but the math gets annoying and actually calculating it requires econometrics, the worst flavor of statistics, so I'll pas on that. To my knowledge, all of the implemented POS that aren't insignificantly small use a centralized authority for consensus validation, for instance with PeerCoin only the developers can actually determine whether blocks are valid. These schemes aren't considered "true" POS because of this; this is like a bank calling itself a proof of stake blockchain for paying interest on saving accounts. The scheme that you described doesn't actually prevent stake grinding, it just prevents a single stake grinder from stake grinding forever. If the cap is 3 consecutive blocks, then you stake grind for 3 consecutive blocks and then let others win the next N blocks, however many is necessary to reset suspicion and start stake grinding again. Simply being able to occasionally secure pairs of blocks some of the time is enough and realistically all that you should be able to do anyway in the 15s between blocks. You're still trading processing power for revenue in this situation QuarkJets fucked around with this message at 06:10 on Jul 6, 2017 |
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Jul 6, 2017 06:07
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1gnoirents posted:Alright boys That's hot, there's still some money to be made. Here I am waiting on my 15mh/s 1050ti and amazon is dropping the ball. I'm losing dollars a day here bezos
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Jul 6, 2017 06:17
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QuarkJets posted:The scheme that you described doesn't actually prevent stake grinding, it just prevents a single stake grinder from stake grinding forever. If the cap is 3 consecutive blocks, then you stake grind for 3 consecutive blocks and then let others win the next N blocks, however many is necessary to reset suspicion and start stake grinding again. Simply being able to occasionally secure pairs of blocks some of the time is enough and realistically all that you should be able to do anyway in the 15s between blocks. You're still trading processing power for revenue in this situation Yep, you can never prevent people from pissing time and money away in an attempt to earn more, but you can make it so cost and risk inefficient as to be negligible. Using some fairly simple analysis techniques, you can detect stake grinding pretty easily, bake it into the algo and use a consensus based removal mechanism. It looks for random number distribution and values, such as time increases you get closer and closer to an ideal distribution, anything that fucks with that will show up over time. Depending on where you set the thresholds, you can revoke a suspicious block or outright remove the stake of the person who was suspiciously too lucky. A lot of this is stuff they're thinking about doing for Caspar, and ideas on how to solve individual issues with it.
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Jul 6, 2017 06:58
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Methylethylaldehyde posted:Yep, you can never prevent people from pissing time and money away in an attempt to earn more, but you can make it so cost and risk inefficient as to be negligible. Using some fairly simple analysis techniques, you can detect stake grinding pretty easily, bake it into the algo and use a consensus based removal mechanism. It looks for random number distribution and values, such as time increases you get closer and closer to an ideal distribution, anything that fucks with that will show up over time. Depending on where you set the thresholds, you can revoke a suspicious block or outright remove the stake of the person who was suspiciously too lucky. I don't think this is true; the problem with your solution is that you can't tie stake to a person. At best you can punish stake that doesn't ever move. But splitting your stake is essentially free; if you split your stake enough times then you can push your stake-grinding activities beneath the noise floor Put another way, if I have a secret technique that gives me 60% odds against the house on any slot machine of my choosing, then I'll get caught pretty quickly if I walk around inside of a Vegas casino using this technique at will. But if I hire 10,000 people to each apply the technique once, then there's not enough sampling to catch any of them but we all walk away with more than we spent, as a pool.
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Jul 6, 2017 11:00
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QuarkJets posted:I don't think this is true; the problem with your solution is that you can't tie stake to a person. At best you can punish stake that doesn't ever move. But splitting your stake is essentially free; if you split your stake enough times then you can push your stake-grinding activities beneath the noise floor Which is why most of the POS setups have some minimum where the block authoring value is 0.01-1% of the minimum stake. You are way less likely to gently caress around with $1000 at stake vs. $50. Doubling a lovely 4% return on your stake for the cost of a non-zero chance to lose it? A lot of people wont take that bet. Also most stake is locked in place for some large period of time, 6-12 months has been bandied about. With a large early withdrawl penalty and a several month post-request delay befire funds are availible. I suppose if you had a large pool of minimum stake accounts, and set up a randomly chosen round robin you could stake grind below the noise floor, but if the minimum stake is $1000, thats a lot of cash to bet on being smarter than everyone else. Methylethylaldehyde fucked around with this message at 12:32 on Jul 6, 2017 |
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Jul 6, 2017 12:29
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POS is a good name for it
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Jul 6, 2017 13:13
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Anyone have info on this new Russian beef coin? It's based on an actual commodity so it's already 1000x more reputable
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Jul 6, 2017 16:39
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Fauxtool posted:Anyone have info on this new Russian beef coin? It's based on an actual commodity so it's already 1000x more reputable Proof of Beef? This is a real thing ?
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Jul 6, 2017 16:58
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What would prevent someone from simply having beef with everyone?
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Jul 6, 2017 17:23
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Fauxtool posted:Anyone have info on this new Russian beef coin? It's based on an actual commodity so it's already 1000x more reputable This has all happened before and will all happen again. Remember URO coin, the coin backed by pissss? https://news.bitcoin.com/urea-lly-fell-urocoin-dissapears-drain/
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Jul 6, 2017 17:26
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PerrineClostermann posted:What would prevent someone from simply having beef with everyone? The Fiddycoin!
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Jul 6, 2017 17:26
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Comfy Fleece Sweater posted:Proof of Beef? Proof of steak.
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Jul 6, 2017 19:56
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Methylethylaldehyde posted:Which is why most of the POS setups have some minimum where the block authoring value is 0.01-1% of the minimum stake. You are way less likely to gently caress around with $1000 at stake vs. $50. Doubling a lovely 4% return on your stake for the cost of a non-zero chance to lose it? A lot of people wont take that bet. Bitcoin ASIC warehouses in China suggest that people will do exactly that
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Jul 6, 2017 22:09
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Sibling of TB posted:Proof of steak. well done 
eames fucked around with this message at 22:17 on Jul 6, 2017 |
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Jul 6, 2017 22:12
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Methylethylaldehyde posted:Which is why most of the POS setups have some minimum where the block authoring value is 0.01-1% of the minimum stake. You are way less likely to gently caress around with $1000 at stake vs. $50. Doubling a lovely 4% return on your stake for the cost of a non-zero chance to lose it? A lot of people wont take that bet. If the expectation value of a stake is negative, then you've just invented a complicated lottery. Centralisation is not a viable strategy because in fact there are no viable strategies except staying the gently caress away.
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Jul 6, 2017 22:35
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Sibling of TB posted:Proof of steak. I hate you so much right now
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Jul 6, 2017 23:29
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eames posted:well done medium rare. 
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Jul 6, 2017 23:38
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Sibling of TB posted:Proof of steak. Well done.
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Jul 6, 2017 23:40
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Well don't.
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Jul 7, 2017 01:14
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Sibling of TB posted:Proof of steak. Goddrat this is living boys
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Jul 7, 2017 02:47
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Stopped buttmining for a while now, but tested the Nicehash waters again at 30.6 MH/s ETH on my 1070 for $3/day before the power bill. Still ain't gonna bother.
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Jul 8, 2017 04:14
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Alpha 2.0.0.8 was released. Have to redo settings and benchmark but it saves the last wallet address. My 1080ti went up 74 cents and 45 cents with my 1080 with the same miner it was running just 5 minutes before. Dont know if coincidence https://mobile.twitter.com/NiceHashMining/status/883412525638979586?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
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Jul 8, 2017 06:44
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I'll test it out and see if I notice any difference.
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Jul 8, 2017 06:47
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its only barely faster for me and only because I havent figured out how to change intensity. So its running at full tilt instead of 95% It seems more stable and doesnt cause my GPU driver to fail as much when stopping. The downside is that the list of pools to pick from is much less and I dont see the dual miners which is bad news for 1080ti's Fauxtool fucked around with this message at 07:25 on Jul 8, 2017 |
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Jul 8, 2017 07:18
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I kept running the Dillon fork because EWBF is faster for equihash.
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Jul 8, 2017 09:04
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Fauxtool posted:its only barely faster for me and only because I havent figured out how to change intensity. So its running at full tilt instead of 95% Really  I swear the list is longer
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Jul 8, 2017 18:49
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Good news everyone! https://twitter.com/VICE/status/883747542592258049
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Jul 8, 2017 19:02
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I have 0.00375043 BTC ≈ 12.11 CAD apparently but I don't know how to spend it on anything. I'm in Canada. Someone take my bitcoins and give me a cup of coffee or something pls.
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Jul 8, 2017 19:05
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TomR posted:I have 0.00375043 BTC ≈ 12.11 CAD apparently but I don't know how to spend it on anything. I'm in Canada. Someone take my bitcoins and give me a cup of coffee or something pls. edit: "I like this dude. I had porn accounts that died and I was going to fap on some meth that night and dude made me new accounts almost immediately. I like him so much that next time i'll just buy new accounts and give him the extra bitcoin." Gobbeldygook fucked around with this message at 19:27 on Jul 8, 2017 |
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Jul 8, 2017 19:23
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The easiest thing I have done is just bought gift cards using gyft, there's no fees or anything.
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Jul 8, 2017 19:26
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MaxxBot posted:Good news everyone! This is GOOD for Bitcoin! Also I read this on Quora about Ethereum and how awesome it is because there's an Ethereum Alliance: "The technology is open-source, this means anyone can copy it. Tomorrow, JP Morgan could create their own internal blockchain and benefit from the technology without ever buying any ether. Actually, I’m pretty sure they’re doing this today. Their incentive to join the Alliance would be so Etheruem gains more traction bringing in more more funds towards this technology which they can then freely use for their own use. " TomR posted:I have 0.00375043 BTC ≈ 12.11 CAD apparently but I don't know how to spend it on anything. I'm in Canada. Someone take my bitcoins and give me a cup of coffee or something pls. Buy a sub 5 dollar video game on Steam I recommend Bad Rats Comfy Fleece Sweater fucked around with this message at 21:52 on Jul 8, 2017 |
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Jul 8, 2017 21:31
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Lots of posts on /r/nicehash or /r/ethermining about profitability and pulling out. Ebay/CL will be the place to time the crash and acquire hardware on the cheap if you were looking for some
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Jul 9, 2017 06:11
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Risky Bisquick posted:Lots of posts on /r/nicehash or /r/ethermining about profitability and pulling out. Ebay/CL will be the place to time the crash and acquire hardware on the cheap if you were looking for some Yeah I've been checking eBay multiple times daily trying to find the right time to sell. No sign of Nvidia card prices going down yet but I expect some movement soon.
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Jul 9, 2017 06:23
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