Message boards : GPUGRID CAFE : About donate@home !!!!!!
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Honestly, it's not very clear ! | |
ID: 23375 | Rating: 0 | rate: / Reply Quote | |
Dear Verlyol, | |
ID: 23376 | Rating: 0 | rate: / Reply Quote | |
Hi, | |
ID: 23377 | Rating: 0 | rate: / Reply Quote | |
Donate at Home is a 2day old alpha project. The project, apps and site are very much under development! | |
ID: 23381 | Rating: 0 | rate: / Reply Quote | |
I like your idea of being able to donate a bitcoin. It should be considered. Being realistic Donations don't work!!! If you add top 10 donators you get 3764. That could be around 1€/user. With that money you don't even buy a good server. Not talking to hire a well qualified worker. what's that, a new economic order ? Is that supported on a currency that goes from 30 to 5 in one year??? Come on! A good currency need fiat money . The garantee of a central bank, taxes, properties or something to garantee the value, not the goodwill of many people and a electronic number. That stuff is more close to be a Ponzi Scheme that anything. I don't think is bad that you do mining. My only complaint is that you should explain more the light side and the dark side of bitcoins. Even if you think it's a good thing you are going to promote something to many people that have not the knoledge and preparation to know what's behind (not easy even for people expert in economics), they could go behing and take financial risks. I can think in many people that went into Stock Exchanges without knowning the real risk of their investment and they lost a lot of money. And there you even have assets to back-up your invest, what do you have in a electronic number?. | |
ID: 23384 | Rating: 0 | rate: / Reply Quote | |
The primary aim of D@H is to fund a researcher at GPUGRid and any funds generated will go towards GPUGrid. While that reasoning is all well and good from a volunteer's perspective, I would be surprised if the proceeds from D@H would be treated as "donations" from an accounting/reporting/compliance perspective. I don't know about Spain, but in the US a project such as D@H run by a non-profit university would be considered an "Auxiliary Activity" (essentially a commercial venture whose profits are earmarked for support of the non-profit organization). Auxiliary activities run by non-profits in the US are subject to a completely different set of rules & regulations; in some cases they are subject to taxation. Maybe things are different in Spain. If not, I sure hope those in charge have done their homework on compliance. | |
ID: 23403 | Rating: 0 | rate: / Reply Quote | |
Of course we have spoken with the University before starting it and it works similarly to the donations with paypal from the admin perspective. | |
ID: 23409 | Rating: 0 | rate: / Reply Quote | |
Finally I found some information - in the GPUGRID cafe! :D | |
ID: 23418 | Rating: 0 | rate: / Reply Quote | |
Of course we have spoken with the University before starting it and it works similarly to the donations with paypal from the admin perspective. Thanks for your reply, GDF. It was not my intention to imply any shortcoming in your project admin process, but after re-reading my post today I can see how it might have come off that way. My apologies for any offense taken. I did want to raise the compliance issue on the off chance it wasn't on your radar, because running afoul of the "burocracia" can mean trouble (as I'm sure you know). I worked part-time in my university's internal audit department while in grad school; I saw instances where the needs of the bean-counters were overlooked by PIs, and the consequences were...severe. Even though I believe D@H is a step in the wrong direction, GPUGRID will continue to have my full support. :) | |
ID: 23421 | Rating: 0 | rate: / Reply Quote | |
Have you considered the impact that donate@home is having on the environment? You ask us to crunch nonsense tasks on our GPUs and waste a lot of electricity in the process. This pollutes the earths atmosphere with a lot of unnecessary CO2. All of this just to generate a few meager euros?? Have you calculated how many kWh of electricity need to be spent just to generate 1 BitCoin? And how much that electricity costs us? | |
ID: 23446 | Rating: 0 | rate: / Reply Quote | |
I agree with you that bitcoin computing is absolute waste of energy and earth ressources. But nobody must join Donate@home ;) Donate on the traditional way when you want to donate for gpugrip, and compute like you computed until today ;) | |
ID: 23447 | Rating: 0 | rate: / Reply Quote | |
I am really disappointed and will stop running GPUGRID at least until this donate@home site has disappeared. I also decided to completely stop my participation @ GPUGRID as donate @ home is active. For your information i am highly involved in the project folding @ home as a Beta-test, and I can tell you that a project like donate @ home will not become reality one day ....... it is simply incorrect and not in the spirit of gridcomputing !! | |
ID: 23461 | Rating: 0 | rate: / Reply Quote | |
I agree with you that bitcoin computing is absolute waste of energy and earth ressources. But nobody must join Donate@home ;) Donate on the traditional way when you want to donate for gpugrip, and compute like you computed until today ;) The question is not whether to join donate@home or just keep on GPUGRID simulations ? This is a choice of the GPUGRID team which is completely outside of the spirit of gridcomputing !! I also agree regarding the impact on the environment for the creation of 1 Bitcoin !! I think this decision is very bad for the reputation of the project. That is why as long as donate @ home is active i stop my participation to GPUGRID ! | |
ID: 23464 | Rating: 0 | rate: / Reply Quote | |
People should try to formulate their own decisions about each project they crunch for based on information and merit, and try to respect other peoples individual choices. | |
ID: 23497 | Rating: 0 | rate: / Reply Quote | |
I see this issue as follows: | |
ID: 23508 | Rating: 0 | rate: / Reply Quote | |
You can't work out the relative electrical cost against creation of BitCoins/funds without actually trying it, and trying to develop apps. With all due respect, anyone who is familiar with bitcoin - or has done a modicum of research on the matter - knows this statement to be false. I would like to encourage these potential contributors that instead of waiting in vain and wasting the researchers' time with complaining, they should take some actions, like selling their cards, and donating the money they received for their cards directly to GPUGrid (it's very green, it's not a scam, it's straightforward, it's supporting the idea of grid computing); or adding a little amount to it, and buying a CC2.0 nVidia card to become an actual contributor. I did the latter. It works. Retvari, I sure hope you are paying less than €0.0578/kWh for your electricity. If not, you will quite likely be paying more for the electricity to run your CC2.0 nVidia card than the value of the BTC it can reasonably be expected to produce. I make this statement assuming today's BTC price of €3.48, current mining difficulty of 1379647, 50 coins generated per block, and mining with a GTX580 drawing 244W. To put it another way, if you are in the Czech Republic paying €0.1541/kWh (the rate listed at http://www.energy.eu), bitcoin prices would have to increase from today's €3.48 to around €8.83 just for your expected BTC contribution to match your electricity costs . If you bought anything below a GTX580 or GTX570, the numbers work against you even more harshly. If it's not too late, I urge you to return your new nVidia card and get a nice AMD card - a 5970 if you can find one. That, or wait for a Kepler model if they are shown to be decent miners. _____________________________________ The fact that a GPUGRID volunteer as sophisticated as Retvari Zoltan has somehow concluded that it makes sense to purchase a brand new nVidia card for use on D@H should be considered a red flag for D@H admins. It makes absolutely no financial sense for the overwhelming majority of people paying their own electric bill to mine bitcoins with ANY currently available nVidia card. If anyone wants a second opinion, I invite them to post on one of the many bitcoin forums and ask the folks there what they think about using nVidia cards for bitcoin mining. | |
ID: 23512 | Rating: 0 | rate: / Reply Quote | |
Nvidia cards which are quite fast here lacks some shuffling instructions which AMD cards have. They take 3 instructions to the same. The net result is that for the calculations done at donateathome a 6970 is twice as fast as a GTX580. This will probably change with kepler, with nvidia being at the same level. | |
ID: 23513 | Rating: 0 | rate: / Reply Quote | |
To SMTB: | |
ID: 23523 | Rating: 0 | rate: / Reply Quote | |
To SMTB: My apologies, Retvari. I admit to being a little worked up about nVidia on D@A...I guess I read something into your post that wasn't there. :) My motivation is not to try and torpedo the D@H project, but to draw attention to the folly of using nVidia to support it. I plan on continuing to voice my objections until the leadership here makes it crystal clear to everyone that nVidia is not currently recommended - or if they drop nVidia support entirely. (or until my posting privileges are revoked lol) | |
ID: 23524 | Rating: 0 | rate: / Reply Quote | |
On several occasions I mentioned that the performance of NVidia is ~1/3rd that of ATI for D@H, so did GDF, and others. I also suggested that people use their high end NVidia's here. On the D@H site there is a new 'Project' page with a link to performance of cards. It basically shows all NVidia cards as being incapable of gaining enough bitcoins to pay for the card+running cost. | |
ID: 23530 | Rating: 0 | rate: / Reply Quote | |
Donate@Home is intriguing, and its early days yet. As in all things "one size dont fit all", especially if an individual retains flat out irreversible opinion on a topic. | |
ID: 23532 | Rating: 0 | rate: / Reply Quote | |
On several occasions I mentioned that the performance of NVidia is ~1/3rd that of ATI for D@H, so did GDF, and others. I also suggested that people use their high end NVidia's here. On the D@H site there is a new 'Project' page with a link to performance of cards.It basically shows all NVidia cards as being incapable of gaining enough bitcoins to pay for the card+running cost. Funny...I don't see any posts on the D@H forum from you, GDF or any other project admin that states "the performance of NVidia is ~1/3rd that of ATI" - or anything to that effect. And while the information contained on the D@H project page is a step in the right direction, a link to an outdated, error filled table buried in a 1278 word page isn't an effective way of informing potential volunteers of the issue. Better still make an online calculator so people can enter the GPU cost, electric cost and just be told how efficient or inefficient a card actually is. Would be useful to be able to enter actual Watts consumed too! BINGO! A decent calculator would allow D@H volunteers to make an informed rational choice about participating in the project. It would also shield the reputation of D@H from "lack of transparency" criticisms. BTW, there's no need to re-invent the wheel...there are several of these calculators out there. IMO the best one is here, because it pre-populates it's inputs based on current data from authoritative sources. It also take a reasonable approach in the way it extrapolates the current data over time. I think it's likely that the operator of that site would have no problem allowing D@H to use his code. The only limitation of the bitcoinx calculator is it's currently USD only; an weakness that should be simple enough to remedy. If D@H will commit to prominently feature such a tool on their site, I'll shutup. How's that for an incentive? XD @Zydor: I think your points regarding crunching as a hobby have alot of merit, in that the "money" factor plays little, if any, role for crunchers who are doing it for the sheer enjoyment of the activity. The thing is, D@H puts monetary considerations at the forefront. It is perfectly reasonable to expect a potential D@H volunteer to want cost vs benefit data when determining his or her idea of the "value" of the project. Right now, such information is not readily available on the D@H website. Cheers! | |
ID: 23554 | Rating: 0 | rate: / Reply Quote | |
The thing is, D@H puts monetary considerations at the forefront They can hardly do otherwise, they are running the Site to draw in funds to pay for a researcher (whose indicidental achievements could enable untold benefits and savings). Whilst I would not say a calculator is pointless, it sure isnt, it is a tool that can give information. Its also true to say that in a BOINC context the items driving the calculator can be mute in many cases due to the fact that the costs side of the equation when run in a BOINC context are far far different to a classic Bitcoin Group whose only motivation is pure personal income. I am dubious about the latter in a financial sense as I think the case for a personal income Bitcoin Group is diminishing quickly as the network makes each find more difficult (lots to be made a few years ago for personal income, different equation now). But in a BOINC context where PCs are switched on anyway, motivations and financial deductions are different, therefore the cost benefit equation comes out differently. So I am all for a calculator being around or available, link to the copious number out there on the Web will do fine frankly, however as a general proposition its output should not be taken as the Ultimate gospel in a BOINC world, it is just a part of the whole equation - wholey different from a purest Bitcoin group. Regards Zy | |
ID: 23555 | Rating: 0 | rate: / Reply Quote | |
Funny...I don't see any posts on the D@H forum from you, GDF or any other project admin that states "the performance of NVidia is ~1/3rd that of ATI" - or anything to that effect. And while the information contained on the D@H project page is a step in the right direction, a link to an outdated, error filled table buried in a 1278 word page isn't an effective way of informing potential volunteers of the issue. I completely agree with SMTB1963. There's a lack of info at D@H from the beginning. I understand that it's alpha, but I see it as a disdain to crunchers. I deeply thought about leaving this proyect as other people have done, but I decided go give the benefict of doubt. @Zydor: I think your points regarding crunching as a hobby have alot of merit, in that the "money" factor plays little, if any, role for crunchers who are doing it for the sheer enjoyment of the activity. The thing is, D@H puts monetary considerations at the forefront. It is perfectly reasonable to expect a potential D@H volunteer to want cost vs benefit data when determining his or her idea of the "value" of the project. Right now, such information is not readily available on the D@H website. I'm sorry to sound so strong. Most of people do it as a hobby, but there are others, like me, that do it to help science. If I see that the proyect (direct or indirectly) is wasting and draging recources from other proyects without any sense (monetary) I would see it as lack of credibility and etics. The good end doesn't justifies the means. 4000 computers running 24h is a lot of power: A LOT of money. "With great power. comes great responsibility" | |
ID: 23562 | Rating: 0 | rate: / Reply Quote | |
I confess that I was a little shocked by donate@home, after seeing discussed with other people, I better understood the purpose of this project. | |
ID: 23812 | Rating: 0 | rate: / Reply Quote | |
Message boards : GPUGRID CAFE : About donate@home !!!!!!