1 2011-05-09 00:00:25 <da2ce7> hey genjix :)
  2 2011-05-09 00:09:05 <gjs278> ;;bc,mtgox
  3 2011-05-09 00:09:06 <gribble> {"ticker":{"high":3.937,"low":3.63,"vol":21666,"buy":3.7351,"sell":3.8027,"last":3.7303}}
  4 2011-05-09 00:11:29 <doublec> gjs278: are you selling mtgox $?
  5 2011-05-09 00:11:29 <JFK911> bubbles bursting
  6 2011-05-09 00:11:34 <gjs278> not yet
  7 2011-05-09 00:11:36 <gjs278> yeah it is
  8 2011-05-09 00:11:41 <gjs278> ;;bc,mtgox
  9 2011-05-09 00:11:42 <gribble> {"ticker":{"high":3.937,"low":3.63,"vol":21906,"buy":3.7052,"sell":3.8,"last":3.7052}}
 10 2011-05-09 00:11:45 <gjs278> kaboom
 11 2011-05-09 00:11:49 <gjs278> 3 cents in 3 minutes
 12 2011-05-09 00:12:16 <gjs278> that guy who bought 200k coins at $2 each is finally cashing out
 13 2011-05-09 00:12:20 <jaybny> its a .10 spread
 14 2011-05-09 00:12:37 <gjs278> bubble is bursted
 15 2011-05-09 00:12:42 <gjs278> dump your coins people
 16 2011-05-09 00:12:44 <JFK911> doom
 17 2011-05-09 00:12:45 <Cusipzzz> bubble has been bursting since 1.40 or so...congrats
 18 2011-05-09 00:12:58 <gjs278> bubble bursted at parity
 19 2011-05-09 00:12:59 <jaybny> gjs278 u joking?
 20 2011-05-09 00:13:08 <JFK911> pump-and-dumper detected in the vicinity of Cusipzzz!  alert!
 21 2011-05-09 00:13:29 <gjs278> two minutes have gone by, time for another check
 22 2011-05-09 00:13:35 <gjs278> if it's at 3.68 I am a prophet
 23 2011-05-09 00:13:36 <JFK911> hold on
 24 2011-05-09 00:13:41 <JFK911> someone bought a half million $ of btc?!
 25 2011-05-09 00:13:43 <gjs278> ;;bc,mtgox
 26 2011-05-09 00:13:44 <gribble> {"ticker":{"high":3.937,"low":3.63,"vol":21910,"buy":3.7001,"sell":3.7999,"last":3.7052}}
 27 2011-05-09 00:13:44 <JFK911> what?!
 28 2011-05-09 00:13:52 <gjs278> where
 29 2011-05-09 00:13:55 <lulzplzkthx> someone lend me 2 btc so i can buy a $25 gift card for 2 btc XD
 30 2011-05-09 00:14:06 <TheKid> lulzplzkthx: you'd get scammed
 31 2011-05-09 00:14:11 <TheKid> cause there's no way that card is legit
 32 2011-05-09 00:14:12 <lulzplzkthx> TheKid: Not with ClearCoin.
 33 2011-05-09 00:14:15 <Cusipzzz> lol
 34 2011-05-09 00:14:32 <lulzplzkthx> TheKid: I have a feeling it's not legit, but still. xD
 35 2011-05-09 00:14:45 <gjs278> the card definitely says $25
 36 2011-05-09 00:14:48 <gjs278> it's just drained
 37 2011-05-09 00:14:58 <lulzplzkthx> haha
 38 2011-05-09 00:15:05 <lulzplzkthx> check it online at its balance checker
 39 2011-05-09 00:15:09 <lulzplzkthx> easy and quick
 40 2011-05-09 00:15:16 <gjs278> JFK911 where is this 500k transaction I want to look at it in amazement
 41 2011-05-09 00:15:25 <gjs278> and then thank the guy for helping inflate my coins
 42 2011-05-09 00:15:56 <lulzplzkthx> what?
 43 2011-05-09 00:15:59 <gjs278> unless you're talking about 200k at $2 guy in which case pretty much everyone believes he was lying
 44 2011-05-09 00:16:25 <Cusipzzz> why would someone on an internet forum lie???
 45 2011-05-09 00:16:30 <gjs278> 3 minutes have gone by, time for another check
 46 2011-05-09 00:16:33 <gjs278> ;;bc,mtgox
 47 2011-05-09 00:16:34 <gribble> {"ticker":{"high":3.937,"low":3.63,"vol":21990,"buy":3.705,"sell":3.8,"last":3.8}}
 48 2011-05-09 00:16:38 <lulzplzkthx> lol nobody lies on the internet
 49 2011-05-09 00:16:40 <lulzplzkthx> are you kidding?
 50 2011-05-09 00:16:44 <Cusipzzz> lold
 51 2011-05-09 00:16:44 <gjs278> the ship is bobbing back up
 52 2011-05-09 00:16:47 <JFK911> gjs278: 06:12 < gjs278> that guy who bought 200k coins at $2 each is finally cashing out
 53 2011-05-09 00:16:52 <gjs278> yeah he lies
 54 2011-05-09 00:16:57 <gjs278> this was when coins were like 60 cents
 55 2011-05-09 00:16:58 <JFK911> 200k x 2 is roughly half a mm
 56 2011-05-09 00:17:59 <gjs278> time to try and watch a movie without ati drivers crashing
 57 2011-05-09 00:20:09 <JFK911> working in the 'doze
 58 2011-05-09 00:20:17 <JFK911> slows down mining rate tho
 59 2011-05-09 00:38:38 <asker1> hey, is there any way to see other people's bitcoin balances?
 60 2011-05-09 00:39:10 <luke-jr> no, just address balances
 61 2011-05-09 00:39:41 <asker1> so you can look up address balances?
 62 2011-05-09 00:39:56 <AAA_awright> Kinda
 63 2011-05-09 00:40:23 <gjs278> you would have to know all of their addresses
 64 2011-05-09 00:43:54 <asker1> I take it there's no limit to the number of addresses
 65 2011-05-09 00:46:01 <luke-jr> nope
 66 2011-05-09 00:46:06 <luke-jr> usually each transaction has its own address
 67 2011-05-09 00:46:47 <TheKid> the limit is the maximum allowable addresses, roughly 2^160
 68 2011-05-09 00:46:51 <TheKid> IIRC
 69 2011-05-09 01:12:49 <Diablo-D3> I wonder if my 5850 will come tommorow
 70 2011-05-09 01:18:24 <jaybny> ;;bc,mtgox
 71 2011-05-09 01:18:25 <gribble> {"ticker":{"high":3.937,"low":3.63,"vol":21367,"buy":3.7402,"sell":3.7899,"last":3.7401}}
 72 2011-05-09 01:19:19 <aaron42> hi, i'm having trouble getting phoenix to run
 73 2011-05-09 01:19:32 <aaron42> if i strip the args down to "phoenix.py -u http://XXX:XXX@www.bitcoinpool.com:8334/ -k poclbm DEVICE=0" it "works"
 74 2011-05-09 01:19:40 <aaron42> in the sense of not crashing for other reasons
 75 2011-05-09 01:20:05 <aaron42> but then i just get "Failed to connect, retrying..." endlessly
 76 2011-05-09 01:20:16 <gjs278> try a differen tpool
 77 2011-05-09 01:20:18 <aaron42> for reference, "poclbm-mod.py --user=XXX --pass=XXX -d 0 -w 128" works fine on the same box
 78 2011-05-09 01:20:38 <aaron42> and bitcoinpool is poclbm-mod's default pool
 79 2011-05-09 01:22:21 <aaron42> any suggestions which pool to try?
 80 2011-05-09 01:23:24 <programme> jgarzik: so i tested pushpoold using rpcminer-cpu and rpcminer-opencl and it worked however using diablominer it works very slow
 81 2011-05-09 01:24:00 <jgarzik> Kiba: you gonna move my xf2.org dedicated server thread?
 82 2011-05-09 01:24:15 <jgarzik> Kiba: http://www.bitcoin.org/smf/index.php?topic=5632.0
 83 2011-05-09 01:24:43 <programme> [Tycho]: so you are the owner of deepbit.net ?
 84 2011-05-09 01:25:50 <gjs278> he is
 85 2011-05-09 01:26:25 <programme> jgarzik: if i buy you a pushpoold server setup it will work as fast as deepbit?
 86 2011-05-09 01:26:54 <programme> jgarzik: i mean diablominer clients and poclbm clients will be able to connect to the pushpoold and mine as fast as they do on deepbit?
 87 2011-05-09 01:27:00 <jgarzik> programme: yes
 88 2011-05-09 01:27:27 <programme> jgarzik: i have the server ready, however i need assistance technical support to get it working, how much does that support costs?
 89 2011-05-09 01:27:28 <luke-jr> programme: I can vouch for pushpool's performance
 90 2011-05-09 01:27:31 <lolcat> Would a Forex-like trading site for bitcoins work?
 91 2011-05-09 01:27:47 <lolcat> Like where you can borrow 400x of what you have to invest in bitcoins?
 92 2011-05-09 01:28:05 <programme> luke-jr: which pool do you run?
 93 2011-05-09 01:28:14 <luke-jr> programme: Eligius
 94 2011-05-09 01:28:22 <aaron42> wow, i'm a total retard
 95 2011-05-09 01:28:31 <aaron42> i was misspelling my own goddamn username
 96 2011-05-09 01:28:31 <Cusipzzz> lolcat: sure, someone would just need to enforce margin limits and auto-close out positions that hit them
 97 2011-05-09 01:28:32 <jgarzik> programme: oh, I thought you were talking about https://xf2.org/services/    I don't support other pool servers.
 98 2011-05-09 01:28:35 <aaron42> never even saw it
 99 2011-05-09 01:28:48 <luke-jr> aaron42: try Eligius :P
100 2011-05-09 01:28:55 <aaron42> ok, now back to why the go-faster args aren't working....
101 2011-05-09 01:29:16 <lolcat> Cusipzzz: Does bitcoin have enough liquidity?
102 2011-05-09 01:29:23 <programme> jgarzik: https://xf2.org/services/ using that one ill have a shell account to control everything?
103 2011-05-09 01:29:38 <luke-jr> aaron42: also, (normal) poclbm is better than phoenix and -mod
104 2011-05-09 01:29:50 <lolcat> I mean, if I where to loan someone $400 000 to buy bitcoins, would I be able to sell them at the same rate I bougth them for?
105 2011-05-09 01:29:59 <jgarzik> programme: no shell account.  you set pool rules, payout rules, and xf2.org provides all server hosting and management.
106 2011-05-09 01:30:09 <jgarzik> provides stats web pages
107 2011-05-09 01:30:23 <luke-jr> jgarzik: not even if he gets a dedi?
108 2011-05-09 01:30:30 <Cusipzzz> lolcat: nope, it's hard to say. but the actual trading, once someone has bitcoins, e.g. stopping them out at margin limit, can be done
109 2011-05-09 01:30:31 <BitMark> lolcat: no guarantees
110 2011-05-09 01:30:49 <jgarzik> luke-jr: nope, the dedicated servers are unmanaged
111 2011-05-09 01:30:52 <lolcat> But etoro.com does this with real currency...
112 2011-05-09 01:31:07 <jgarzik> luke-jr: or, you can choose my ddos-resistant pool of US+EU servers
113 2011-05-09 01:31:08 <Cusipzzz> lots of places do it with real currency.. just need someone to build the system
114 2011-05-09 01:31:08 <lolcat> I guess they stand a risk of not being able to sell before they loose, no?
115 2011-05-09 01:31:16 <aaron42> it segfaults if i use VECTORS
116 2011-05-09 01:31:22 <aaron42> (but so does poclbm-mod)
117 2011-05-09 01:31:32 <luke-jr> jgarzik: IMO you should offer a middle-ground of some form
118 2011-05-09 01:31:49 <lolcat> Because if people where allowed to invest in bitcoins, purley based on loans, then they could push the price WAY up.
119 2011-05-09 01:31:50 <luke-jr> aaron42: odd
120 2011-05-09 01:32:11 <BitMark> lolcat: tell me an example of a real currency
121 2011-05-09 01:32:21 <jgarzik> luke-jr: suggestions?  basically what people are looking for is raw consulting, and I don't have much time or interest to debug and build individual pools
122 2011-05-09 01:32:23 <programme> how i can pm someone here? which command?
123 2011-05-09 01:32:26 <programme> im using freenode chat
124 2011-05-09 01:32:28 <programme> webchat
125 2011-05-09 01:32:33 <lolcat> BitMark: USD/EUR, the reason I define it as real is you can buy everything you need for it
126 2011-05-09 01:32:37 <jgarzik> programme: /msg NICKNAME blah blah blah
127 2011-05-09 01:32:39 <BitMark> type /query <username>
128 2011-05-09 01:32:47 <luke-jr> jgarzik: maybe a shell account with webfiles and MySQL access or such
129 2011-05-09 01:33:04 <aaron42> also i have to delete any .elf cache files before i can launch at all
130 2011-05-09 01:33:13 <aaron42> otherwise i get "failed to compile kernel"
131 2011-05-09 01:33:16 <jgarzik> luke-jr: Well...  Also, I don't like giving out shell accounts in general :)
132 2011-05-09 01:33:21 <jgarzik> too much headache
133 2011-05-09 01:33:25 <BitMark> lolcat: is there any guarantee that $5 today will be worth the same a month from now?
134 2011-05-09 01:33:27 <jgarzik> long-time lesson learned.
135 2011-05-09 01:34:30 <aaron42> money is by definition a bubble
136 2011-05-09 01:34:39 <Akiron> lolcat: bitcoin is not nearly liquid enough to handle $400,000
137 2011-05-09 01:34:55 <aaron42> whichever bubble is most liquid and hasn't popped yet is the money :)
138 2011-05-09 01:34:58 <Akiron> yesterday $40k sent the market up $.20
139 2011-05-09 01:35:22 <aaron42> people are trying to set up darkpools, algo trading, all the usual wall street shenanigans
140 2011-05-09 01:35:27 <BitMark> Akiron: yes it is
141 2011-05-09 01:35:39 <aaron42> but it'll be a while before you can move 400k w/o moving the price drastically against you
142 2011-05-09 01:35:47 <aaron42> the same thing happens with the stock market--
143 2011-05-09 01:36:01 <BitMark> the same thing happens with every market
144 2011-05-09 01:36:17 <aaron42> if you own 10 million shares of microsoft, it's incredibly hard to sell them all without making the stock price drop before you're done
145 2011-05-09 01:36:25 <aaron42> probably by multiple dollars if you're sloppy about it
146 2011-05-09 01:36:32 <BitMark> aaron42: pretty much impossible
147 2011-05-09 01:36:36 <Akiron> well, sure you can buy $400k of bitcoin, if you don't mind watching it go to $6
148 2011-05-09 01:36:50 <aaron42> well, you pay very smart people with very expensive computers a very large commission to do it for you
149 2011-05-09 01:36:54 <BitMark> Akiron: it will go up far higher than that
150 2011-05-09 01:37:14 <aaron42> i used to work on the databases that make that sort of thing possible
151 2011-05-09 01:37:25 <aaron42> but even there there are scale limits
152 2011-05-09 01:37:48 <Akiron> bitmark: ok, $6 or higher
153 2011-05-09 01:37:52 <aaron42> you can't buy half the outstanding shares of something without screwing yourself, no matter what you do
154 2011-05-09 01:38:15 <BitMark> aaron42: sure you can
155 2011-05-09 01:38:24 <Akiron> so, over it's history Mt Gox has transacted just under $3 million
156 2011-05-09 01:38:30 <BitMark> Goldman did it with fuel oil
157 2011-05-09 01:39:43 <lolcat> So I cannot make a etoro.com like site and let people invest 400x the amount they have?
158 2011-05-09 01:40:29 <Cusipzzz> lolcat: not unless you can close out their positions when they hit 0 equity, which will be very very fast
159 2011-05-09 01:40:49 <BitMark> what is etoro?
160 2011-05-09 01:40:55 <lolcat> BitMark: A forex site
161 2011-05-09 01:41:41 <lolcat> BitMark: You can buy $10 000 of currency for $25.
162 2011-05-09 01:41:51 <BitMark> so you are looking to trade btc currency pairs futures?
163 2011-05-09 01:41:59 <lolcat> No
164 2011-05-09 01:42:15 <lolcat> I am looking to make a site, where people can spend WAY more than they have on buying bitcoins
165 2011-05-09 01:42:26 <BitMark> lolcat: you are talkling about derivatives
166 2011-05-09 01:43:35 <luke-jr> ;;bc,calc [bc,eligius]
167 2011-05-09 01:43:38 <BitMark> lolcat: do you understand how leveraging works?
168 2011-05-09 01:43:39 <gribble> The average time to generate a block at 39012619.6053 Khps, given current difficulty of 109670.13329248 , is 3 hours, 21 minutes, and 13 seconds
169 2011-05-09 01:44:30 <lolcat> BitMark: Not really, I don't see how they can make any money on borrowing me money I can't really pay back
170 2011-05-09 01:45:02 <BitMark> they close out your position quickly if the market moves against you
171 2011-05-09 01:45:09 <Cusipzzz> lolcat: they make money on the spread, an by closing people out quickly on smart market moves when they are highly leveraged
172 2011-05-09 01:45:16 <alystair> ;;bc,stats
173 2011-05-09 01:45:18 <gribble> Current Blocks: 122807 | Current Difficulty: 109670.13329248 | Next Difficulty At Block: 122975 | Next Difficulty In: 168 blocks | Next Difficulty In About: 18 hours, 34 minutes, and 24 seconds | Next Difficulty Estimate: 155844.57461460
174 2011-05-09 01:45:23 <Cusipzzz> small*
175 2011-05-09 01:45:32 <lolcat> Cusipzzz: They make the spread?
176 2011-05-09 01:45:43 <lolcat> Does mtgox earn money on the spread?
177 2011-05-09 01:45:51 <jaybny> comission
178 2011-05-09 01:45:58 <alystair> can someone explain how the level of difficulty is calculated against speed of calculating blocks
179 2011-05-09 01:46:05 <Cusipzzz> lolcat: yes, forex brokers determine the spread based on wholesale orders, etc. gox does not set the spread, the orders do.
180 2011-05-09 01:46:10 <BitMark> which is kind of like making money on the spread
181 2011-05-09 01:46:12 <alystair> eg. how many hash/sec do you need to generate a block reliably
182 2011-05-09 01:46:16 <alystair> at this time
183 2011-05-09 01:46:46 <BitMark> ;;google bitcoin difficulty
184 2011-05-09 01:46:47 <gribble> Get rid of "difficulty" and maintain a constant rate. - Bitcoin: <http://www.bitcoin.org/smf/index.php?topic=425.0>; difficulty [Old Bitcoin Wiki (obsolete)]: <http://www.bitcoin.org/wiki/doku.php?id=difficulty>; Print Page - Wager on year end bitcoin difficulty factor: <http://www.bitcoin.org/smf/index.php?action=printpage;topic=1312.0>
185 2011-05-09 01:46:59 <BitMark> ;;google bitcoin difficulty calc
186 2011-05-09 01:46:59 <gribble> Bitcoin Generation Calculator: <http://www.alloscomp.com/bitcoin/calculator.php>; Wolfram|Alpha Widgets - Bitcoin Generation Time Calculator: <http://developer.wolframalpha.com/widgets/gallery/view.jsp?id=76444b3132fda0e2aca778051d776f1c>; Bitcoin mining profitability calculator: <http://www.bitcoin.org/smf/index.php?topic=5826.0>
187 2011-05-09 01:47:37 <BitMark> define "reliably"
188 2011-05-09 01:48:01 <alystair> as in, half the market? ;)
189 2011-05-09 01:48:22 <BitMark> ;;bc,hashrate
190 2011-05-09 01:48:23 <gribble> Error: "bc,hashrate" is not a valid command.
191 2011-05-09 01:48:41 <alystair> ok better question
192 2011-05-09 01:49:11 <alystair> what's the hash rate of a 2 x 2.4ghz dual xeon machine
193 2011-05-09 01:49:12 <BitMark> you would need to do as many hash/s as the current netowrk, roughly 1.2 terahashes / sec
194 2011-05-09 01:49:34 <BitMark> prolly around 12 or 24 for mhash
195 2011-05-09 01:49:45 <Diablo-D3> hrm
196 2011-05-09 01:49:55 <Diablo-D3> I cleaned out my computer from dust
197 2011-05-09 01:49:57 <aaron42> huh, that's even weirder
198 2011-05-09 01:49:58 <Diablo-D3> really wasnt that much in there
199 2011-05-09 01:50:00 <BitMark> that might be high estimate :)
200 2011-05-09 01:50:07 <Diablo-D3> GPU temp is down to 60.
201 2011-05-09 01:50:08 <aaron42> it only sefaults if i'm running as root
202 2011-05-09 01:50:15 <alystair> so hold on
203 2011-05-09 01:50:32 <Akiron> lolcat: that forEx 400x leverage stuff is a scam
204 2011-05-09 01:50:36 <alystair> about 3000khash for a dual xeon?
205 2011-05-09 01:50:56 <alystair> wish there was a CPU comparison chart :)
206 2011-05-09 01:51:00 <BitMark> ;;google bitcoin hardware comparison
207 2011-05-09 01:51:01 <gribble> Mining hardware comparison - Bitcoin: <https://en.bitcoin.it/wiki/Mining_hardware_comparison>; Talk:Mining hardware comparison - Bitcoin: <https://en.bitcoin.it/wiki/Talk:Mining_hardware_comparison>; Question about Hardware Comparison - Bitcoin: <http://www.bitcoin.org/smf/index.php?topic=3642.0>
208 2011-05-09 01:51:09 <alystair> nice
209 2011-05-09 01:51:09 <BitMark> its on that page
210 2011-05-09 01:52:16 <BitMark> worse that i thought each xeon will do a little over 2mhash
211 2011-05-09 01:52:41 <alystair> ugh
212 2011-05-09 01:52:47 <lfm> I think newwer xenons are better than that
213 2011-05-09 01:52:55 <BitMark> not by much
214 2011-05-09 01:53:03 <BitMark> they getu up to 8 mhash i think
215 2011-05-09 01:53:21 <alystair> lame
216 2011-05-09 01:53:31 <alystair> only 448mhash :(
217 2011-05-09 01:53:57 <BitMark> how many xeon servers do you have ?
218 2011-05-09 01:54:07 <alystair> oh 483mhash
219 2011-05-09 01:54:11 <alystair> would that do any good?
220 2011-05-09 01:54:17 <alystair> WOW
221 2011-05-09 01:54:21 <alystair> single gpu does so much better!
222 2011-05-09 01:54:25 <BitMark> yup
223 2011-05-09 01:54:35 <alystair> that's plain retarded
224 2011-05-09 01:54:47 <BitMark> hehe
225 2011-05-09 01:54:52 <programme> do you guys have idea which opencl sdk or runtimes i need to install on windows so that it can list my CPU as a OpenCL device?
226 2011-05-09 01:55:08 <alystair> no it is, single video  card does better than 224 dual xeon servers.
227 2011-05-09 01:55:25 <BitMark> yep that sounds about right
228 2011-05-09 01:55:29 <alystair> that's plain retarded.
229 2011-05-09 01:55:54 <lolcat> Akiron: How so?
230 2011-05-09 01:56:02 <BitMark> it doesnt mean server cpus are weak, just not good at mining bitcoin
231 2011-05-09 01:56:23 <alystair> am I the only who thinks this is silly because it's practially bogomips
232 2011-05-09 01:56:28 <alystair> like, not doing any 'real' work
233 2011-05-09 01:56:37 <BitMark> thats not the point
234 2011-05-09 01:57:32 <BitMark> http://en.wikipedia.org/wiki/Proof-of-work_system