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1261  Bitcoin / Mining speculation / Re: Say. If somebody built another small miner... on: August 09, 2021, 10:54:26 PM
When I did direct sales, pre-orders were common because I needed to raise money for production. The only difference here is I told my resellers we had a new thing before I announced it on the forum.

But yes, GekkoScience is dropping a new stick. We're still tuning the driver so a full top-end test hasn't been done yet but the testing specs are already a significant improvement on the NewPac.

And this one is Red.

So will this stick require an updated version of the Gekko cgminer?
Just like all the previous 'Pacs, because the chip (same as used in the T17's) has different requirements it needs a new driver for it so, yes. Kano is working on it as we type Wink
1262  Bitcoin / Mining speculation / Re: 2021, time for a new general & diff speculation thread... on: August 09, 2021, 03:25:47 PM
And after a 3.3% and 2.5% drop LTC just had a 9% difficulty increase.
BTC is looking like a 6% gain about 60% way through the 2016 blocks.
So it looks like miners are slowly coming back on.

Wonder how much gear is now in transport around the world.
-Dave
The real question is, "How much gear is stuck at the ports waiting for containers so they can be put on a ship?"... Talking to our electronic components suppliers, their problem is not production - it is being able to ship components from China/India/Taiwan, etc. to other parts of the planet. ref https://qz.com/2027205/a-shipping-container-shortage-is-snarling-global-trade/

My guess is there are literally tons of miners awaiting transport from China to other parts of the globe.
1263  Bitcoin / Hardware / Re: Looking to get into ASIC Miners - Where should I start? on: August 09, 2021, 12:40:39 PM
Biggest factor that affects your profitability is your cost of power. Currently, anything more than around $0.10/kWH and you will most likely be losing money.

As for
Quote
I don't want a machine whose monthly profit fluctuates too wildly
Roll Eyes That does not depend on the miner. It only depends on the price of the coin and how its diff rises over time. This being the Bitcoin area that means you have to put up with whatever the price of BTC is.
1264  Bitcoin / Bitcoin Discussion / Re: Home mining for non-KYC Bitcoin on: August 08, 2021, 09:09:11 PM
Home mining is practically illegal in many places, because it's generally illegal to use home electricity for some sort of commercial purpose, and running even one 1-1.5 kWT PSU  24/7 definitely falls within this category. Residential electricity is sold much cheaper than the commercial one, so it's kinda stealing to use it for mining. Plus it's also a fire hazard.
<snip>
Emphasis above is mine. Where do you live that residential power is cheaper than commercial/industrial rates? Sure as hell not in the US! Here most commercial rates start at a bit over 1/2 residential power rates and go down from there depending on how much power a business needs. The fire hazard part is only valid if the house was improperly wired to begin with or the homeowner decided to do a crappy DIY job.

Also running a *small* business out of your home for the most part is not restricted here...
1265  Bitcoin / Mining support / Re: Solo Mining Setup with S19 on: August 08, 2021, 08:25:30 PM
You are far better off solo mining with a pool that offers it such as Kano.is, solo.ck.org, etc.
You cannot mine directly to Core for the past several years now, you have setup a Stratum server to go between Core and the miner.
1266  Bitcoin / Bitcoin Discussion / Re: Hey! Let me pick up a rock and let's buy it from each other... on: August 06, 2021, 08:49:31 PM
Speaking of the Yap stones, nice little article about that here. They call it the Original Idea of Bitcoin  Grin

Here's a teaser from it,
Quote
Strange as it may seem, bitcoin has a kind of bizarro historical analogue in an ancient currency system dating back hundreds of years: giant stone disks called rai, which were used long ago as a symbolic form of money on the Micronesian island of Yap.
1267  Bitcoin / Bitcoin Discussion / Re: Hey! Let me pick up a rock and let's buy it from each other... on: August 06, 2021, 06:53:35 PM
Quote
Wait, there's difference between bitcoin and Bitcoin?
All lower-case 'bitcoin' is a bastardization used by far too many newbies who think that all crypto coins are called "Bitcoin". Rather like calling all facial tissue 'Kleenex' or all soda pop 'Coke' (both all too commonly heard in the US). Of course that is WRONG because those words/names are very specific variations of things. Capitalized "Bitcoin" is the 1 specific coin represented by BTC and BTC.

I consider the naming confusion just a consequence of being the 1st or most popular coin (or facial tissue or soft drink).
1268  Bitcoin / Mining speculation / Re: 2021, time for a new general & diff speculation thread... on: August 06, 2021, 06:26:08 PM
Quote
BTC price currently is: $42943 (pretty good recovery).
Ja.
I have a small sale set to trigger at $42,950 to pull out some profit from the buy I did @ $29.5k  Grin
1269  Bitcoin / Mining / Re: Want to buy clean energy for mining? on: August 06, 2021, 05:51:11 PM
Ja.
If it's 25MWH/year then as Kano said it's about the size of a typical home installation. 12-14KW output is not worth diddly squat for hosting miners  Wink
1270  Bitcoin / Mining speculation / Re: Say. If somebody built another small miner... on: August 05, 2021, 02:22:13 PM
VERY surprised at 2 things:
Sidehack has said nothing publicly about these.
It is a pre-sale which is something Sidehack has never approved of before.

From Discord chats in his pool's room we know that a certain developer (not VH or -ck) is working on the driver for it but seems very odd that Sidehack has allowed 419 to make this announcement.
1271  Bitcoin / Mining support / Re: [Help]Small mining farm airflow problem on: August 05, 2021, 12:49:21 PM
The s9 fans are rated for 250CFM, not 200.
1272  Bitcoin / Press / Re: [2021-08-02] China's Digital Yuan vs Bitcoin on: August 04, 2021, 06:47:01 PM
Well duh...
The same will apply to any digital currency created by a government...
Even Fiat has "digital peer-to-peer payment" It's called bank transfers or credit cards.
1273  Economy / Economics / Re: Some inspiration in the future of Bitcoin from the history of paper money on: August 04, 2021, 01:54:03 PM
The OP mentions the use of Bank notes in England during the 16th century. Um, the Chinese introduced the concept much much earlier during the 7th century. Ref the Wikipedia article on Fiat Money.

Time and time again in that article it mentions things such as
Quote
One justification for fiat money comes from a micro-founded model. In most economic models, agents are intrinsically happier when they have more money. In a model by Lagos and Wright, fiat money doesn't have an intrinsic worth but agents get more of the goods they want when they trade assuming fiat money is valuable. Fiat money's value is created internally by the community and, at equilibrium, makes otherwise infeasible trades possible.
Note that last sentence, "Fiat money's value is created internally by the community and, at equilibrium, makes otherwise infeasible trades possible". To me that sure sounds exactly the same as what gives crypto value.

So, that gives us:
"Original or real money" - a physical thing be it precious metals, beaver pelts, silk, a barrel of oil, etc. that can be traded for goods and services.
"Historical Fiat" - a physical thing such a paper script/receipt produced by a trustworthy source that can later be converted into real money.
"Modern Fiat" - a physical thing (paper money) that has assigned value but the value is not tied to or convertible to a physical thing but is instead assigned value based on world-wide consensus.
Lastly, what I would call Crypto Fiat - crypto currency that has value but said value is again not tied to a physical thing.

In other words, Bitcoin and all the other crypto coins technically ARE Fiat!
1274  Bitcoin / Hardware / Re: Building a Usb mining RIg for different script like btc and alt on: August 04, 2021, 12:46:41 PM
I wanna know that how many usb i will be needed to obtain 1000 TH/s mining crypto power and how much watt and KW/h it will take monthly i.e gecko science edit i mistakenly added 1 extra zero 0 its 1PH/s i guess
Why on God's little green Earth would you want to create a 1PH farm by using a gazillion small USB miners??? Just buy 10 to 20 of the largest modern miners which give anywhere from 50T to over 100THs each. Not only will be a lot easier to setup and run but also a LOT smaller total space needed and a lot less power draw.
1275  Bitcoin / Mining support / Re: My t17 I just bought only hashs on 2 boards. on: August 04, 2021, 12:38:26 PM
Please edit your post and use the code function for the log. Code function is the # icon. It takes that text wall down to a scrollable box.
1276  Bitcoin / Mining / Re: Want to buy clean energy for mining? on: August 03, 2021, 08:27:48 PM
Quote
a solar farm that generates 25 mega watts or more of power each year
That is a very loose and meaningless value you have given. As part owner you should know that the relevant specs needed are:

 Output with full sun. That will be spec'd in watts, kilowatts, or megawatts with no time units involved.

 Using that output number, when applied to a loose standard average of 5.5 hours of usable sun per-day you will get the total kWH or MWH produced per day.

 One can multiply that by 365 to get the total kWH or MWH produced per-year but daily output is what matters. What is the daily output?
 Is it tied to the grid so miners can run 24x7x365? If not you will get very little interest.
1277  Other / Politics & Society / Re: Do you miss Trump? on: August 02, 2021, 08:30:46 PM
I do not miss him in the slightest.
For those who think he is such a 'great businessman', well from 2016 here is a list of his many many failed business ventures. Again, that is just as of 2016. Bet there are at least a few more to be added to that list...
1278  Bitcoin / Project Development / Re: Is there a use for private authenticated off-chain storage? on: August 02, 2021, 07:01:19 PM
There is a plethora of applications that use private blockchains for storing records/data. Just do a search for "blockchain applications". One typical search result is https://www.businessinsider.com/blockchain-technology-applications-use-cases
1279  Bitcoin / Mining support / Re: FutureBit Apollo hashrate question on: August 02, 2021, 04:57:05 PM
Um, just look in the Hardware section, here and here for their official threads.
1280  Bitcoin / Mining support / Re: Avalon 851s and 852 firmware help on: August 02, 2021, 03:23:30 PM
The controller needs to be some sort of RasPi, it can be made by anyone. Most common is the RasPi-3B. The 3B+ will NOT work. Odds are your controller is fine. If you look at the GUI > status it should say something like "Raspberry Pi 3 Model B Rev 1.2"
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