Do the right thing, the same thing BTC Guild did in 2013, and limit your damn power. Quit trying to pretend you're innovative in any way. You knew going into this game that getting too big was an issue and now you're trying to sidestep your responsibilities.
BTW, claiming you want to do a round table meeting and then expecting other pool operators to fly to London to do a CLOSED MEETING about this issue is in no way a solution to the problem.
When I look at the pool stats, https://blockchain.info/pools ghash.io are 35% so where is this 51% problem supposed to be? |
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You've missed the point entirely.
Mining with versus selling,.. Yes selling is more money faster.
However,..
Selling, THEN mining with that HW until the last possible second and THEN shipping same (now useless hardware) = best of both worlds. I get my profits AND your profits and the "risk of repercussion" is minimal.
If you have several million dollars worth of ASIC miners to sell, the choice is to mine for weeks perhaps months just to cover the cost of production, let alone the cost of setting up a data center and the massive electricity requirements, or simply sell them get your ROI and profit in a matter of days, then get on with making the next batch for sale. Everyone knows the price of ASIC hardware is falling rapidly, so the sooner you can get the units out the door, the more profit you make, mine for a month or two and you may only get half the sale price or less. There is a case for mining with pre-order money, but it's not a sustainable business model, as the shipping delays you create will kill repeat sales. |
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The simplest answer is usually the correct one. I don't believe for one second that BA isn't mining while they "test" the units. They've had working hash boards for a few weeks now and seem to have breakthroughs at convenient times that delay shipments so they can apply said breakthrough.
Why speculate, they have already published screen shots with the BTC address some mining has been going to, it's not like it's a big secret conspiracy. But most shipping asic vendors can tell you that it's quicker to make a million dollars selling miners, than it is to mine a million worth of BTC, as most hardware takes months just to cover it's construction cost with mining. Getting boxes out the door quickly is the best revenue, just look at how much net hash antminers have, and work out how much BTC bitmain made from selling those! |
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People will move off? It's already a losing prospect and no one that has any sense at all is buying there to profit from mining. The only profit there comes from playing the volatility in the prices. Heck, I think PBMining is a ponzi, but I'd rather buy with them than cex at this point.
People aren't going to move off until they see sustained negative returns. In other words, maintenance fees higher than mining rewards. Even then some people there are going to be ignorant of it. That place is filled with idiots and the current end game there is for it all to come crashing down hard at some point far in the future. At that point CEX themselves will own most of the hash power shares anyway since they will be buying back in order to artificially inflate the price. Don't have any coin with them when that happens. It will be messy.
It's obviously not a loosing proposition yet, however if the fess don't drop it will happen sooner. The cost per GH/s of mining hardware has been dropping and the power efficiencies are getting better, otherwise diff increases would be getting smaller, but the lower cost per GH/s is not being passed on to the customers. |
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The GHS you can buy on the cex.io exchange which are delivered by ghash.io has an unsustainable fee model. Currently it's $0.26 per GHS per month. That works out to about 38% of your theoretical BTC income at the current difficulty level, a couple more diff increases and it will be well over 50% fees, and people will start to move off looking for cheaper alternatives this will limit the expansion of the ghash.io cloud mining operation. It does take people a while to notice their low income from the cloud mining though.
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Is FLT broken? I was finding a block every few seconds according to cgminer, which was way too fast for my hash rate, yet the pool says no FLT blocks found for over over a day.
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I would suspect with all these asics coming out we will start to see more scrypt coins once again. Without new coins these are useless and whats left would get raped into nothing
I think that the new scrypt coins are mostly worthless, their price trend say over a month, seems to be mostly down, you might see the occasional pump, but overall the price trend is down. The only scrypt coins that seem to be stable are the older ones which have a large community behind them. I have mined a lot of different coins on my GAWminer for the heck of it, and they are all loosing value since they were mined. The "flavor of the week" new coin is just a noob trap. You only need to check http://coinmarketcap.com/ to see whats successful and what is not. |
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I paid $129 with a zen controller, now they are cheaper but no zen controller.
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And this is why BTC isn't likely to ever make it as a virtual currency. Because everyone wants to slant in the way that benefits them. When Hashfast was talking refunds in dollars those that paid in cheap BTC wanted their BTC back in full and when those that paid BFL and BA etc. in pricey BTC want refunds in dollars now that the price has dropped. It's not a currency, it's a commodity.
You are getting confused with the exchange between currencies vs the currencies themselves. They are two different issues. |
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I just took a look at GAW pricing...
Remember the shitstorm after Gridseed prices dropped? How Gridseed were the bad guys and GAW couldn't honor price protection etc. Let's see who gets the blame for Week 5 prices. 25% below Week 4 in some cases.
GAW get senseless praise! read forum, CEO have it out with Gridseed CEO, now they sell Gridseed machines and use Gridseed price strategy. GAW not change industry, industry change GAW! GAW have been been selling Gridseed well before their other ASIC products, nothing new here. I don't get your point at all. |
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I wonder why GAW bothers to sell outside the US when there are clearly shipping issues when doing so. If I were them I'd put an end to that for future orders.
I am outside the US and GAW shipped my fury in no time like 36hrs total when dispatched from china The Zen controller took a couple of days more, I presume it came from the US. |
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Hello, some news.
Attacks continues, and unfortunately CloudFlare can't protect server, because attack is pointed right to the server IP, not domain name.
Attack it very powerful, server gets about 2 000 000 requests every second before IP locked by upstream provider.
I plan to move main processing server to the new hosting provider with advanced DDOS protection, It will take several days to move.
If you have IPv6 support, you can try access website with address http://[2a01:4f8:190:84f8::2]
Can't you block direct access to your site from any IP which does not belong to cloudflare? |
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It has been postulated that the DEM hot and exchange wallets are indeed linked to the mining pool outputs... you can trace it on the blockchain. At one point, DEM died here and someone put it back online.
If I try and mine DEM on stratum+tcp://stratum.coinex.pw:9031 it just comes up as dead. Same goes for stratum+tcp://stratum.coinex.pw:9944 the switch port. As far as I can tell it's not possible to mine atm on coinex, so the wallets are not getting topped up. |
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Just curious. What was the problem with the BTC pass though to ghash.io that eventually resulted in the change to bitminter?
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CoinMinePW is created and managed only by me now. Where is no any great money to make a "corporation"  Good work, I like the site. |
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Just to verify what was posted: I,too,managed to convert to emark (dem) and withdraw these to cryptsy.
DEM wallet on coinex seems to be working.
I might have lost some percent, and I'm still not sure if there are amounts in open orders I can't see.
But still, there's a chance to get some value back.
I mined DEM and advertised that they could be withdrawn about 3 weeks ago. Later, the pool & wallet stopped working. Can you give a time & date when you made a successful withdrawal? So where are the DEM coming from atm? I tried mining DEM a few weeks ago and the pool was dead. |
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Thanks Dave, but as I did state, im looking forward to any pics from anyone,
"WHO IS NOT AFFILIATED WITH BA OR IS A RESELLER"
Thanks anyway for your input at this time.
Cheers from OZ.
Nobody has received a unit so keep waiting. |
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So on their site they say their X-1 and X-3 are in stock, this is obviously not the case then?
They may well be in stock in one form or another, however that doesn't mean they have shipped any. |
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Ok, to save me reading back through 266 pages, what has BlackArrow delivered so far?
Nothing that I know of based on the Minion ASIC to an end user, unless I missed something. |
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Order no. 3# here
No email advising of dispatch, order status on BA site is still 'Processed'
I ordered in mid September last year, I would assume mine would be shipped pretty quickly after shipping being announced.
Not happy at all
I'd like to know how you can be order #3 for an X1 and yet it's been stated that a batch is being delivered to re-sellers! How is that shipping by paid date? I would like to know how you know the reseller didn't pay before you? Because when I ordered there were no resellers... Then they are obviously more important than you. |
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