Prices look to be on a stable slow rise. Invest now we should show good profits through the end of the year.
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Crash over.
It looks like the market is starting to settle down a bit, we are seeing volatile swings with good volume that seam easy to get in and out of. BTC is leading other alts so best advice is to watch what BTC does and trade accordingly.
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Goxed
MtGox took a nose dive today and went off line. The BTC price fell from over $1,000.00 USD to the low $800.00s. This effected the price of most alt coins in a very negative way, as of this writing gox is still down with no official report of what is happening.
Baidu the Chinese version of google apparently has suspended bitcoin transactions with the news of China based banks not aloud to trade in bitcoins. This with the MtGox site malfunction could play out for a very volatile day.
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Baidu the Chinese version of google apparently has suspended bitcoin transactions with the news of China based banks not aloud to trade in bitcoins. This with the MtGox site malfunction could play out for a very volatile day.
Be careful trading, there is a log of money to be made but a lot to be lost as well.
Best way to get USD into the market.
We are often ask what is the best way to get USD into the exchanges. We prefer CoinBase (http://www.coinbase.com) cause the BTC price is usually between MtGox and BTC-e. You will take a loss moving bitcoins from coinbase to BTC-e but with more trading pairs at BTC-e gives you a better chance to diversify your funds. When getting USD out it will be the same process in reverse and you will gain the arbitrage you lost when moving BTC to BTC-e
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First pump post!
We will be announcing the first pump today at 1:00 pm CST. This will only work with the support of the community. The size of the pump will grow with support so let everyone know.
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Community Pump
It seems with all the Fontas pump and dumps the only ones that benefit are Fontas and the ones who pay him for early information. All the movement up is caused by the masses buying in and the dump happens when Fontas and his paid followers trigger the sell. Does not seem very fair does it?
We need to organize a community pump where there is no inside information, there will still be losers but the community will have a better chance to benefit.
We will try and organize this by announcing a new coin to pump once a week there will be no announcement for when to sell just the coin to buy. You will need to use your on judgement on when to sell, this should leave only the greedy to take a loss
We will not allow a select few to have inside information and will not leave clues on what coin we are announcing to pump, the plan is very simple once a week announce a coin and let the community decide when to buy and when to sell.
This will not work without community support! please comment with suggestions and interest, and lets take the power away from a select few.
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We need to organize a community pump where there is no inside information, there will still be losers but the community will have a better chance to benefit.
We will try and organize this by announcing a new coin to pump once a week there will be no announcement for when to sell just the coin to buy. You will need to use your on judgement on when to sell, this should leave only the greedy to take a loss
We will not allow a select few to have inside information and will not leave clues on what coin we are announcing to pump, the plan is very simple once a week announce a coin and let the community decide when to buy and when to sell.
This will not work without community support! please comment with suggestions and interest, and lets take the power away from a select few.
Time to buy.
Looks like the sell off is almost over, MtGox on the rise and the same goes for BTC-e. Time to buy.
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PPC, Rock Star or One Hit Wonder?
With all the focus on Bitcoins (BTC), and Litecoin (LTC) Peercoin (PPC) is a bit undervalued. as of this writing PPC is sitting at 5.805 USD, and with the recent rise in most crypto currency PPC hit all time highs and seems to have the potential to climb even higher. BTC-e recently added the pair PPC/USD, this should give market confidence and help expand the reach of PPC. Currently PPC is in third place as far as market cap goes http://coinmarketcap.com/. PPC should be a good investment for future returns as the market grows.
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New BTC and alt coin marketplace!
Hey guys check out cryptopage.com new marketplace for BTC and other alt coins. They are giving 1 LTC away each day for best post.
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Perfect 7970 scrypt coin setup
This guide is for a 2 card setup but can be modified for 1-7 cards
Install xubuntu 12.0.4 LTS 32bit
Download the 2 files below using a web browser because it requires acceptance of the ATI tearms and conditions. Make sure they’re in ~/Downloads
http://developer.amd.com/amd-license-agreement/?f=ADL_SDK_5.0.zip
http://developer.amd.com/tools/heterogeneous-computing/amd-accelerated-parallel-processing-app-sdk/#one
Install ssh server. This stem is not mandatory but will come in handy if you would like to install via ssh.
sudo apt-get update && sudo apt-get install openssh-server
sudo reboot
You want to make sure there are no old AMD drivers, With a clean xubuntu install there should be none but run just incase.
sudo sh /usr/share/ati/fglrx-uninstall.sh
sudo apt-get remove --purge fglrx fglrx_* fglrx-amdcccle* fglrx-dev* xorg-driver-fglrx
Install pre-requisites for ATI video drivers and cgminer. ( all one line )
sudo apt-get install build-essential cdbs fakeroot dh-make debhelper debconf libstdc++6 dkms libqtgui4 wget execstack libelfg0 dh-modaliases i386 libcurl4-openssl-dev libncurses5-dev pkg-config automake yasm
Install the ATI video driver
cd /tmp
wget http://www2.ati.com/drivers/linux/amd-driver-installer-catalyst-13-4-linux-x86.x86_64.zip
unzip amd-driver-installer-catalyst-13-4-linux-x86.x86_64.zip
chmod +x amd-driver-installer-catalyst-13-4-linux-x86.x86_64.zipOpen up terminal emulator and run:
sudo sh amd-driver-installer-catalyst-13-4-x86.x86_64.run
Initialize video cards and add setup to X config.
sudo aticonfig --adapter=0,1 --initial
sudo reboot
Install git and download the lates cgminer version.
sudo apt-get install git
git clone git://github.com/ckolivas/cgminer.git cgminer
Install AMD APP SDK
mkdir amdapp_2-8
cd amdapp_2-8
tar -zxvf ~/Downloads/AMD-APP-SDK-v2.8-lnx32.tgz
sudo ./Install-AMD-APP.sh
sudo reboot
Install AMD ADL SDK and add to cgminer.
mkdir ADL_SDK
cd ADL_SDK
mv ~/Downloads/ADL_SDK_5.0.zip .
unzip ADL_SDK_5.0.zip
cp include/* ../cgminer/ADL_SDK
Install cgminer
cd ../cgminer
./autogen.sh
CFLAGS="-O2 -Wall -march=native -I /opt/AMDAPP/include/" LDFLAGS="-L/opt/AMDAPP/lib/x86_64" ./configure --enable-scrypt
make
Create the cgminer config folder
Open terminal emulator
cd cgminer
./cgminer
press CTL C when it ask you for pool information to stop cgminer
close terminal window open
Create config file
Double click on the home button on your desktopClick on view and check "Show Hidden Files"
Double click on the .cgminer folder ( don't confuse with the cgminer folder without the period )
Right click and create a new blank document and name it cgminer.conf
Double click to open cgminer.conf
Copy and paste the content below to your cgminer.conf file
{Save the cgminer.conf file
"pools" : [
{
"url" : "pool URL",
"user" : "pool username",
"pass" : "pool password"
}
]
,
"intensity" : "13,13",
"vectors" : "1,1",
"worksize" : "256,256",
"kernel" : "scrypt,scrypt",
"lookup-gap" : "0,0",
"thread-concurrency" : "8192,8192",
"shaders" : "2048,2048",
"gpu-engine" : "1044-1044,1044-1044",
"gpu-fan" : "0-85,0-85",
"gpu-memclock" : "1500,1500",
"gpu-memdiff" : "0,0",
"gpu-powertune" : "0,0",
"gpu-vddc" : "0.000,0.000",
"temp-cutoff" : "85,85",
"temp-overheat" : "80,80",
"temp-target" : "75,75",
"api-listen" : true,
"api-network" : true,
"api-port" : "4028",
"api-allow" : "W:192.168.1.100",
"auto-fan" : true,
"expiry" : "120",
"gpu-dyninterval" : "7",
"gpu-platform" : "0",
"gpu-threads" : "2",
"log" : "5",
"no-pool-disable" : true,
"queue" : "1",
"scan-time" : "30",
"scrypt" : true,
"temp-hysteresis" : "3",
"shares" : "0",
"kernel-path" : "/usr/local/bin"
}
Set up startup script
Double click on the home folder on the desktop
Double ckick on the cgminer folder ( not .cgminer )
Right click and create a new file called start.sh
Right click on the newly created file start.sh and open with leafpad
Copy and paste the script file, contents below
#!/bin/bashSave file and Open terminal emulator.
cd ~/cgminer
export DISPLAY=:0
export GPU_MAX_ALLOC_PRECENT=100
export GPU_USE_SYNC_OBJECTS=0
aticonfig --od-enable
./cgminer
cd cgminerchmod +x start.sh./cgminer
with this setup and config you will get around 700k hash per card.
Welcome to Crypto Pros!
It seems there a new coin every day now and the information for how to mine, and if your a pool miner what pools to use is scattered. So if your tired of looking through hundreds of forum pages just to get a link to a good pool, or if your new to mining and need the know how, you are at the right place.
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