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1281  Bitcoin / Hardware / Re: DragonMint 16TH/S halongmining.com on: January 19, 2018, 04:25:39 PM
Scam or not? Here is a test, somebody should do a partial or full refund of their order. If it is a legit company, one would reasonably assume they would refund the money. There are enough people lining up to by the machines, they will not be left holding inventory, if the machines are real.

You must be new to Deadwood!  Refund in the mining hardware business LOLOLOLOL not very often and not likely from Halong.

From their site:  https://halongmining.com/terms-of-sale/

Cancellation

All sales are final. No refunds or cancellations are possible after payment has been made. Be sure you wish to order before placing your order to avoid buyer’s remorse.
1282  Other / Meta / Re: Utter profane language on: January 19, 2018, 01:26:47 PM
is there any ban for these kind of users? They swear all the time on local sub forum and dont get any ban? It has become irritating  Angry

Just use the ignore feature, seriously. 

I for one am glad profanity is not against the rules.  Censoring what people read because a few people don't like the language is stupid in 2018.  Let people swear all they want (within the rules) AND let those that don't want it ignore those that use it, actually seems like a completely reasonable solution!

You probably would have had more success showing him to be a a troll or shit poster (I don't know if he is either but if he is he deserves a ban based on rule breaking and not swearing).
1283  Bitcoin / Hardware / Re: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order on: January 18, 2018, 12:39:49 AM
I don't think the profitability counter graph is accounting for HODL. I think if you are counting on cashing out for a revenue stream, then yes, it's reflective, and that's what a lot of the bigger miners are doing, because they have such large investment. Or a little guy with a few machines trying to make a little extra. I'm getting s9's to mine and hold. Buying 10k btc is a one way dead end street. Spend 10k on 2-3 s9's, put them in a spare room, pay the electric from my regular job, and in a couple years, let's see what btc price is. Years later when I calculate my profit I'll ignore my electric costs to make my profit look better to me  Shocked

I don't think you have understood what this graph shows, because it does account for your HODL strategy, let me explain.

First here's the numbers again for a single S9, starting up January 2018 (I've added a few more columns to make it clearer):


It's all about the total network hashrate (and corresponding difficulty off course but they are dependent on eachother so I could have used either here, I chose hashrate).

The spreadsheet forecasts what the total network hash rate will do in 3 different scenarios:
- follow current trend (middle line)
- continue to grow faster and faster as it has always done in the past (top line, pessimistic outlook miners)
- stop growing and decrease again over the course of the year (bottom line, optimistic outlook for miners)

Based on this it predicts for the 3 different scenarios how much Bitcoin an S9 will make every month of 2018.
Up to this point this is all very solid data, you can pick your favorite scenario or anywhere in between, hashrate is not likely to go outside of these outer lines. You can get a really good idea of how much BTC your S9 will make every month over the coming year.

Now from this point onwards it becomes speculative as it depends on BTC/USD exchange rate, but that does not matter if you're trying to compare with a HODL scenario. I'll explain that later.
First I'll explain the rest of the spreadsheet:

The next columns show how much your miner will make you in USD based on today's echange rate, how much profit you get from that substracting power cost, and what your subsequent position is each month against your initial investment of your S9 (I've estimated $3000 to get an S9 incl. PSU into the country with shipping, tax etc.)

If you now look at the 3 position columns, only in the optimistic scenario (where hashrate stops increasing and eventually decreases again over the year) do you actually pay back your miner and end up in the green. Even following today's trend does not pay back your miner over the course of the year and by the end of the year you're only making $14/month so you never will either (I could add a few months to the spreadsheet to confirm this).

So to come back to the HODL comparison,
If yo put that $3000 into BTC today at $11500/BTC exchange rate, regardless of whether it goes up or down you will always remain in front compared to the current trend and pessimistic scenarios because the value of the initial investment fluctuates with the exchange rate, if you buy an S9 it doesn't (in fact it decreases because it depreciates but lets ignore that for now).

Now if you're claiming that you're not paying back your S9 investment with the BTC you earn and you're not paying the power cost with the BTC you earn but from another source of income, well, then in the other case where you just invest $3000 in BTC you should also convert that money from your other source of income to BTC every month and add that to the initial investment, so that investment grows equally from that other source of income. Otherwise you're not comparing apples with apples.

Again, only in the optimistic scenario where hashrate actually stops growing, is it economically sensible to invest in an S9 now at these prices and current hashrate growth, unless you have access to really cheap power.

I'd be happy to be proven wrong somewhere in my predictions/assumptions, but for now I can't see any way that would be the case.
Anyway, here's the adjusted spreadsheet again for those interested in playing with the numbers:
https://www.dropbox.com/s/v1m3xac87ptylj0/hash%20forecast.xlsx?dl=0

Its been like this many times in the past.  People use all kinds of weird logic and math to come up with awesome profit scenario's to justify mining.  Mining rigs fly off the proverbial shelf with manufacture's getting interest free loans from investomers!  Most newbs don't understand a basic fact about Bitcoin POW mining.  Mining was designed as a "near" zero sum game and the network is constantly making its way towards that goal.

Another often over looked perspective is that mining can be looked at as a bet AGAINST diff increase.  Based on available data this doesn't like a good bet to me right now!  I think a lot of people will find this out over the coming months!
1284  Alternate cryptocurrencies / Mining (Altcoins) / Re: Antminer A3 on: January 17, 2018, 05:49:04 AM
You should be able to move it, bottom left!
1285  Alternate cryptocurrencies / Mining (Altcoins) / Re: Antminer A3 on: January 17, 2018, 05:30:09 AM

Did you see this??

https://bitcointalk.org/index.php?topic=2017600.0
1286  Other / Meta / Re: Are the moderators on here dollar cheers leaders on: January 17, 2018, 05:05:07 AM
My reply to a post was delete because I was calling fake news and dollar bashing , so are the moderators on a bitcoin forum really dollar cheer leaders do they believe in cryptos or are you guys a cyber unit set up to trash bitcoin
I say this because my dollar bashing gets deleted but another member calls bitcoin I failed projected but his post is not deleted , too funny 😂  I thought this was a bitcoin forum can any one help ?

Holy shit man you've got it all figured out already... For sure this place is a cyber unit set up to trash bitcoin man.  It's a cover up on a massive scale.  The govt is so afraid of bitcoin they simply could not allow posts like yours to be seen or it would be all over in seconds for them.  BTCT was set up to sink BTC from the inside out man.  Are you sure you are ready for the the potential fall out from trying to expose these guys man, holy shit bro that's fucking ballsy...

Oh wait, I checked your post history and it looks more like a case of a shit post getting deleted, if the post deleted is anything like the one below!

I think you’ve been drinking the dollar koolaid bow to your banker masters Slave

Upon further reflection the conspiracy theory stuff is way more likely!

Now please continue shit posting so you can eventually get banned!
1287  Bitcoin / Hardware / Re: DragonMint 16TH/S halongmining.com on: January 15, 2018, 09:38:07 PM
Anyone else remember the A1 Dragon Miner from Innosilicon???

It looks more and more like 2013-14 all over again! I know Notwarmfuzzy remembers them!!!!
1288  Bitcoin / Hardware / Re: DragonMint 16TH/S halongmining.com on: January 15, 2018, 01:45:44 PM
Well glad I ordered mine during the presale for $1,350 a piece. My order # is in the 300’s so I should be one of the first to receive them. I’m laughing at all the trolls, skeptics, and no lifers who’ve spent the last few months spreading FUD in this thread. You guys will feel pretty stupid once these start showing up on customers doorsteps.

A loud and proud investomer!!! 

2013 all over again, welcome back all investomers!  Now we just need all the integrator scams again oh such good times.

I for one hope your investment works out for you, the mining community does not need another BFL et al.  Rather than giving my money interest free to strangers in some other country on the internet I prefer to have my money working for me NOW...
1289  Other / Off-topic / Re: Flat Earth on: January 14, 2018, 01:37:52 PM
How as an individual can I know if the Earth is a sphere or a flat disc? What experiment can I do that doesn't involve trusting information from a 3rd party that would prove what the geometry really is?



Go to a church, ask them what they believe.  The truth is usually the opposite

You are a copy and pasting shit poster.  I mean copy and pasting post #2 from this thread, fucking retard.

Cunts like you make this forum unreadable.

I am now praying to the flat earth gods you will be banned for ever!
1290  Other / Meta / Re: Account Ban on: January 13, 2018, 05:09:37 AM
Its been more than 3 weeks now and still no reply from admin or mods. I had expected better service.

Ya the service round here is so bad you should probably get a refund for all the thousands of dollars you have put into the site and community...
1291  Economy / Reputation / Re: The Pharmacist - Attacks Filipinos here in BCT on: January 12, 2018, 02:05:23 PM
Blah Blah Blah

In this post someone who doesn't understand the difference between public and private or rights vs privileges.

There is a fundamental difference between a private forum open to the public and a public forum open to the public.

Like it or not there are rules here.  Are some less enforced than others sure but in what are of life is that not true...  When you get pulled over by a cop do you use the lame ass defense of "hey that other guy was speeding too".  Guess what, NO ONE CARES.  In the USA a lot of people say, "it's my right to drive".  It's not, driving is again a privilege available to the public.  Go get your license revoked and drive around, then when you get pulled over tell the cop its your fucking right to drive and see how that works out for you.
1292  Other / Off-topic / Re: Flat Earth on: January 12, 2018, 01:43:10 PM
We have flown to extraterrestrial space and have seen spherical earth. Why do we still believe the earth is flat?

You've seen cartoon drawings and high altitude pictures snapped with a wide angle fisheye lens. You've flown nowhere and seen nothing, get the fuck out of here!

Lets see, Notsmartman fell for one of the worst scams in BTC mining history, because someone on the internet promised him.  He thought he'd get rich mining BTC but instead got out right scammed like a retard!!!  Then Notsmartman fell for the memes and YT vids from other retards.  Hmm seems like a pattern, Notsmartman reads lies on the internet and believes it.  This shows his inability to logically process the information he takes in.  His brain is not built like that of a normal person, but more like a retarded squirrels brain!

We should all feel some pity for our pet the retarded squirrel, it really isn't his fault he's this stupid!

@BADecker, do you think the cause of Notsmartmans retardation is something like his parents being close relatives or was his retardation just random?  Wink
1293  Other / Meta / Re: Is there any restrictions to use multiple accounts? on: January 12, 2018, 02:49:50 AM
Go for it, multi accounts is not against forum rules.
1294  Economy / Reputation / Re: The Pharmacist - Attacks Filipinos here in BCT on: January 12, 2018, 02:40:37 AM
I have seen many many Users and Mods on Here bashing people about their posts because English is not their Primary language and seems "Broken" or sounds "Stupid"

This includes theymos  " - While some amount of error is difficult to avoid, if your English is so broken that you sound stupid, then your post will be deleted." topic is here can't be Quoted https://bitcointalk.org/index.php?topic=2722359.0

English speaking people who seem to think that learning a second language perfectly is easy should probably try it themselves.

Imagine that??

You have to ask yourself how many languages does theymos fluently speak? or how about The Pharmacist? or Mr. Prep?

This is why there are local boards. I would expect to get bashed too if I tried posting on a board whose language I don't speak. The crux of the issue is that the only reason they are posting on the English language sections is because they're being paid by a signature campaign to do so. I don't see people getting bashed for their English in sections like Scam Accusations, for instance, since the same conflict of interest isn't present.

Don't get confused....This is a PUBLIC forum just because a few pricks have no tolerance for a person who speaks a second language or even third language below our "standards" doesn't give a right to mute a person from posting in other sections outside of their primary language.   

They have a right to post in ANY section to the best of their ability with their adopted language without harassment from idiots who can't even comprehend what learning a different language is all about.

Sure it seems broken at times and may seem "Stupid" to the admin but give them a little tolerance it's not easy.

I agree spam like +1 should be deleted or plagiarism but if a guy is posting in a 2nd or 3rd language have a little understanding.


Your the one getting confused turbo.  This is a PRIVATE forum.  The Admin decides what the rules are and what rules are enforced and what the consequences are...

No they do not have the right to post in ANY section they want.  They have no fucking rights here what so ever.  We all have privileges granted to us by the Admins.  Follow the rules or FUCK OFF, pretty easy.

No one give a flying fuck how many languages you know... You sound like some self righteous prick IMO

The racist moron is allowed to say whatever the fuck he wants as long as he is not breaking Admins rules, which I haven't seen evidence of.  Don't like what the retard is saying ignore him!

1295  Other / Off-topic / Re: Scientific proof that God exists? on: January 11, 2018, 06:02:27 PM
Einsten's words about God and religion:
I want to know how God created this world. I am not interested in this or that phenomenon, in the spectrum of this or that element. I want to know his thoughts. The rest are details. (The Expanded Quotable Einstein, Princeton University Press, 2000 p.202)
We know nothing about [God, the world] at all. All our knowledge is but the knowledge of schoolchildren. Possibly we shall know a little more than we do now. but the real nature of things, that we shall never know, never. (The Expanded Quotable Einstein, Princeton University Press, Page 208)
When the answer is simple, God is speaking. (Albert Einstein).



"It was, of course, a lie what you read about my religious convictions, a lie which is being systematically repeated. I do not believe in a personal God and I have never denied this but have expressed it clearly. If something is in me which can be called religious then it is the unbounded admiration for the structure of the world so far as our science can reveal it."

Albert Einstein, letter to an atheist (1954), quoted in "Albert Einstein: The Human Side," edited by Helen Dukas & Banesh Hoffman.

"The word god is for me nothing more than the expression and product of human weaknesses, the Bible a collection of honourable, but still primitive legends which are nevertheless pretty childish. No interpretation no matter how subtle can (for me) change this."

Letter to philosopher Eric Gutkind, January 3, 1954.

Einstein was not religious and to say so is another lie used by bible thumpers to further their agenda.
1296  Bitcoin / Mining support / Re: Sub freezing outside temps, S9 garage extended use? on: January 09, 2018, 04:34:41 PM
Think as how long and how much it takes for a cold glass of water to have water drops outside the glass. That is condensation of said humidity. This is what worries me. The head from the S9 and the cold from the garage.

You're doin it wrong mate!  you don't have a cold miner in hot conditions (like a cold glass of water on a warm day).  You have a hot miner in cold conditions, more like a hot cup of coffee on a cold day.  Ever seen condensation on a coffee cup in the winter???

As long as they are on and producing heat condensation will not be an issue.
1297  Other / Politics & Society / Re: Opinion competition on: January 08, 2018, 10:17:34 PM

Thank you. What I see a lot around this forum is advertisement of services like one that you have under each message, I will definitely wright about this significant detail, but still I can't find the proper way of interpretation. All this casinos, free coins, lotteries, etc. are like huge machine of desire, something very similar to mythology of Las Vegas - accessible easy money. Things like this must work only in pair with context of wealth, that is not possible anymore outside BTC cause of disillusionment, tiredness and financial crisis in the world. Am I right?

It took me a really long time to start to understand this place too.  This is a Libertarian site largely.  Satoshi didn't trust the gov/system, neither do Libertarians it was a natural fit.  It can be argued that without the support of the Libertarian community at the very beginning BTC would have died.  The Libertarians are still here in decent numbers.

Now fast forward several years and BTC starts to come out of the Libertarian community as word spreads.
Joe or Jane six pack hears about all the things like the economic turmoil globally, bail outs, Governments running out of money.  They see with their own eyes the financial raping with fees and such.  Add to that the traditional financial sector is sooooo complicated and riddled with fees that Joe and Jane can't even begin to understand it, so pay and trust someone else to do it for you, more fees!  It's not hard now to see why their trust in traditional systems starts to erode.

Joe and Jane hear about this trustless, low fee alternative that has been preforming insanely and they are intrigued!  Some invest, some don't. My investment adviser has long told me about diversification, so for me diversifying outside the traditional financial sector made a lot of sense.  In 2013 my adviser called me a fool for looking at "this internet ponzi scheme" LOL.  I am happy I didn't listen to him, he is no longer my adviser!

Do we/have we hit the point of inertia yet where it just goes on its own like a beautiful celestial body no one controls, dunno, only time will tell.  Strap in for the ride with us and we will find out!

Good Luck,
FH


This is a very beautiful explanation, your adviser never ever suggested you to invest in a book business, you definitely have a taste for the word Roll Eyes
Diversification really makes a lot of sense with investment portfolio and there is nothing more efficient, that's clear. But when it comes to BTC and altcoins you are basically dealing with one market pointed in BTC? So did you expand the area of interest to the altcoin direction and if yes could you recommend do not fix the attention on BTC only?

Thank you!  No one has ever said I should be in the book business before  Smiley  I have been told I should have been a teacher or public speaker but I decided that the freedom of being in sales was more up my ally and a sufficient use of my talents!

When you ask about further diversification I personally do dabble in a couple of other coins.  The real problem with crypto's right now is the "Wild West" syndrome we have.  This type of market creates a virtual cesspool and attracts all the scum bags.  But does regulation make it better??  Fee's fee's and more fee's please!  What a conundrum we have eh?  Wink

I personally can't justify the risk reward for almost all "shit coins" there's just too damn many of them.  I've never participated in an ICO and no plans to in the future unless the market changes dramatically.  

If a coin can prove itself and possibly be useful (in my estimation of useful LOL) then I might consider it for investing.  I'm not a trader I buy or mine and hold what I can afford to and sell the rest.  For me LTC and ETH are the only other 2 coins I have besides BTC.  I'm sure there's other decent coins but those 3 are more than enough to fill my crypto investment budget!

I think the blockchain technology is beautiful, a digital sexy godess and the things we will see the tech applied to in the future will be fuckin awesome (pardon my french  Grin ).

But I have to live in reality and the risks are VERY real in my mind so I invest in my real world comfort level and live with the outcome!
1298  Other / Politics & Society / Re: Evolution is a hoax on: January 08, 2018, 04:31:45 AM
No two humans are exactly the same. No parents have children that are exactly the same as the parents.

That's exactly how evolution works.  The child has half DNA from each of it's parents.

I'm married to Jennifer Lawrence!

Cool



DNA is a hoax because causes LOL

Old BD likes to use the evolution of language.  See he takes words that have an actual meaning understood by normal people and evolves them into different meanings that only make sense in his brain...

BADecker believes in evolution!
1299  Alternate cryptocurrencies / Mining (Altcoins) / Re: What card i should pick ? on: January 08, 2018, 12:39:16 AM
Hello i have already rig with 4 cards but i want add 2 more what i should pick XFX Radeon RX 580 GTS XXX 8GB or Sapphire Nitro Radeon RX 570 8GB both are in similar price, whith what i would get better profit ? also with bios mod and without

They are all garbage for mining bitcoins...

READ THE STICKY, THE VERY FIRST POST...
1300  Alternate cryptocurrencies / Mining (Altcoins) / Re: Anydesk remote desktop - Mining Etherium stops when In use on: January 07, 2018, 04:11:38 PM
When I use Anydesk remote desktop, my hash rate drops to 0 Mh/s.. And as soon as ad disconnect Anydesk to my rig its all back to normal. I use Claymore miner 10.2. Anyone know what the problem is? Smiley



Not here, move to alt coin mining section.
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