Bitcoin: it rocks

[Limited]

He's disagreeing with the second part of your comment, not the first. You are right, the Bitcoin has no intrinsic value. While you are not entirely wrong that there is value in the Bitcoin system, that system is not what is making it monetarily valuable. Speculation is what is making it monetarily valuable.

Um, that system is exactly what is giving it monetarily valuable. The US currency has face valuable, because traders (shops etc) legally agree that dollar is worth the value of a dollar we associate it with.

The only thing I think you may be touching on, is for example, who decides that X about of coin is worth $10, or whatever. The answer to that is exactly why gold is valuable.

[Zeph]

Why does amd rape nvidia so badly? am confused.

Computer science.
The way AMD gpus are designed, they fundamentally handle numbers different than nVidia cards (Titan was the exception to this as it was designed primarily as a super-computer part). Basically, nVidia cards are designed around texture manipulation while AMD went more along the route of general compute. Textures in games are pretty well defined in their bitcount and the kinds of manipulations you want to make on them (HLSL) so nVidia can tailor cards to do that better at the expense of using the card on anything else (who would use a GPU for anything other than a game, right?).

[Dwood]

Yeah, it makes sense, and I read that article from inner goat last night. I'm pleasantly surprised to see how different the separate architectures actually are. I always thought they would be strikingly similar. The more you know!

[Limited]

Figured I might as well have some fun and join the Doge clan.

Also http://indogewetrust.com

[Dwood]

Im at work and one of my coworkers mentioned bitcoin asking if I was into it. well a whole conversation started and I learned that a family was going to travel the world using only this currency. see our local news site about it here. http://www.ksl.com/?sid=27171899

[Limited]

What pool are you guys using? I want to try GPU mine with my GTX 670 and see how fast I get. Much help please?

D8aSSwDpRbsVRAQhkyUMduEcikudq3fDyz To the moon!!! └(°ᴥ°)┘

[Btcc22]

What pool are you guys using? I want to try GPU mine with my GTX 670 and see how fast I get. Much help please?

D8aSSwDpRbsVRAQhkyUMduEcikudq3fDyz To the moon!!! └(°ᴥ°)┘

Mining with Nvidia cards is a waste of time and money. Mining with AMD cards is only slightly less of a waste of time and money.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

[Limited]

Oh I'm only doing it for a laugh. Just like using the gamble sites where you send coins and may win more back etc.

These are my settings, do I need to tweak?

cudaminer -a scrypt -o stratum+tcp://dogepool.pw:3333 -u WORKER -p PASSWORD


[2013-12-19 17:03:48] Stratum detected new block
[2013-12-19 17:03:48] GPU #0: GeForce GTX 670, 3644256 hashes, 224.40 kha
[2013-12-19 17:03:49] GPU #0: GeForce GTX 670, 332640 hashes, 223.69 khas
[2013-12-19 17:03:50] accepted: 55/55 (100.00%), 223.69 khash/s (yay!!!)
[2013-12-19 17:04:03] GPU #0: GeForce GTX 670, 2951872 hashes, 224.82 kha
[2013-12-19 17:04:03] accepted: 56/56 (100.00%), 224.82 khash/s (yay!!!)
[2013-12-19 17:04:05] GPU #0: GeForce GTX 670, 524832 hashes, 224.47 khas
[2013-12-19 17:04:05] accepted: 57/57 (100.00%), 224.47 khash/s (yay!!!)
[2013-12-19 17:04:13] Stratum detected new block
[2013-12-19 17:04:13] GPU #0: GeForce GTX 670, 1865248 hashes, 224.63 kha
[2013-12-19 17:04:15] GPU #0: GeForce GTX 670, 317856 hashes, 220.11 khas
[2013-12-19 17:04:15] accepted: 58/58 (100.00%), 220.11 khash/s (yay!!!)
[2013-12-19 17:04:58] GPU #0: GeForce GTX 670, 9853536 hashes, 224.95 kha
[2013-12-19 17:04:59] accepted: 59/59 (100.00%), 224.95 khash/s (yay!!!)
[2013-12-19 17:05:08] GPU #0: GeForce GTX 670, 2197888 hashes, 225.32 kha
[2013-12-19 17:05:08] accepted: 60/60 (100.00%), 225.32 khash/s (yay!!!)

[Zeph]

Mining with Nvidia cards is a waste of time and money. Mining with AMD cards is only slightly less of a waste of time and money.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

Not at these lower difficulties and scrypt.

[Warsaw]

Um, that system is exactly what is giving it monetarily valuable. The US currency has face valuable, because traders (shops etc) legally agree that dollar is worth the value of a dollar we associate it with.

The only thing I think you may be touching on, is for example, who decides that X about of coin is worth $10, or whatever. The answer to that is exactly why gold is valuable.

That's not at all how it works. Sure, somebody may decide that an anonymous currency like bitcoin is wortha certain amount of money to them all by itself. However, what's giving bitcoin its more inflated value is the speculation that it will be worth something later; they are betting on the idea that it will become a more widely accepted form of payment for goods. It's an investment, like stocks, with its performance being tied to market-share rather than profits and proposed business plans.