|
Washington State. Been hosting miners for 3 years and it is great. Still requires a lot of initial investment to take advantage of that rate, but it is real.
|
|
|
|
|
This is a knee-jerk reaction at best. If you are serious then you would pool a bunch of miners resources and get enough funds to have a little clout to get hardware when it comes out. You would also need to partner or build a efficient hosting location to do the people's business. I warned of this before ASIC were even out.
Bitcoin is secured by human greed so in that scenario, people don't seem to care about network centralization for all intensive purposes. In the end you will likely have 10-15 large players that make up the bulk of the mining. This will be because they made smart hosting choices, got their hands on efficient hardware and waited all the other miners out. The only way smaller miners get a seat at that table is making something that scales as well. If anyone is serious about this and has access to funding, PM and we can have an offline discussion.
P.S. Don't try and hack large farms, those are federal crimes and you don't look good in orange.
-Dalkore
|
|
|
|
|
That may of worked when miners owned more of the Bitcoins. Now that is not the case and the miners are not determining the price. Miners for the most part need to sell their coins immediately to cover their expenses. What they have left they are saving but that is not enough restriction of supply to affect the price in any major way. What will happen is that if the difficulty goes too high or the price too low, you will see the network adjust to a level that at least allows break-even for a majority of the network.
|
|
|
|
|
Yes, Bitcoin mining is centralizing and will continue to do so until it gets to a point where it is breakeven for the most part or very small margins.
|
|
|
|
Iceland = free country - good laws China = suppressive as hell make your choice  I know but I want to know renting and electricity costs of both countries  "You can google it, but even without googling it is obvious that renting and electricity costs are much lower in China" - that's what I was going to say, but then googled it and I was very surprised to see that electricity costs are lower in Iceland actually: Iceland 5.54 US ¢/kWh
China 7.5 to 10.7 US ¢/kWhUnited States = 0.023/Kwh |
|
|
|
|
Just get 3-tons or 36,000 BTU of cooling with 3200 total CFM of air movement and you should be able to keep your room temp steady.
|
|
|
|
Get off your ass, get a job, earn your money, invest wisely and grasp opportunity when it presents itself, then budget your money to live within your earnings.
+1 |
|
|
|
The requirements for mining are always rising and will rise as long as the difficulty keeps climbing... So yeah, if you want to stay competitive you must have ASIC's and quite a few of them. A Chinese mining farm would help, but you can profit with much less if you have cheap electricity  This is a good point. Mining is centralizing. Input costs are not more important than ever if you want a real ROI. |
|
|
|
|
No surprise he thinks this but it is wishful thinking. The concept of a decentralized P2P currency protected by cryptography and a shared ledger is here to stay. If Bitcoin fails, Bitcoin 2 will not be far behind. This technology is too valuable to ignore.
|
|
|
|
|
Just installed one yesterday. The client specced a Corsair 1500 watt which has 7 PCI-e (used 6 though) and a Corsair 750 watt for the additional 4. Do not spit hash board between PSUs. Each board takes 3 inputs so you need to have 6 on one PSU and 4 on the other.
|
|
|
|
|
If I ran a cloud hosting outfit, I would not rise prices for no good reason and we still do not know if this recent price gain is sustainable.
|
|
|
|
|
This price needs to rise between now and the next Block Reward Halving or you will have serious dislocation in the mining market that would likely be observed in a sustained difficulty decline until mining at least broke even.
|
|
|
|
|
Aren't they known for their financial freedom? This seems like counter-policy.
|
|
|
|
|
Antiminer S7 is a great little unit and if you can get one for a reasonable price, this is a great first unit.
-D
|
|
|
|
|
It has even taken me by surprise. I know a lot of miners are much happier.
|
|
|
|
|
At this point, I would think about just buying Bitcoins and holding them unless you can get newer unit for a great price. With this current run-up in price, that might not be such an easy task.
|
|
|
|
|
Anyone else not able to pull up their website? Is the pool down?
|
|
|
|
|
Show Posts
