Close the data center. Dump all the hardware and run!  The problem with dumping is there is no physical hardware. Since they bought in the "cloud" i have a feeling they can sell GHZ but people are more interested in hardware in most cases. Personally with low priced electricity and space I still think asic days will continue on for me. |
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1. buy bitcoins dosnt matter where
2. exchange or sell bitcoins for litecoin
3. exchange or sell litecoins to bitcoin (use a 2nd exchange or sell them private)
4. your now pretty damn anonymous.
Exchanging BTC for LTC and back doesn't increase anonymity more than just sending to the exchange and then sending from the exchange. id beg to differ due to the way most exchanges work it would increase the anonymity as trading digital currency to digital currency is handled different from fiat to digital. in other words they would have to track 2 different crypto coins which makes it much harder as it would increase the possible paths back to the original owner, its hard to explain without going into how exchanges manage there systems but using 2 exchanges to trade 2 types of crypto currency makes in very very hard to track. as from the looks of it it would lead you down a fake trail until you realized that there where exchanges involved then the exchanges or individuals would have to cooperate and places like BTC-e dont keep info on crypto hashes so would make it even harder to trace back I agree it would add a very hard degree for normal user to find out btc address. But if the country/state goes to the exchange chances are they will comply and turn over everything. |
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Can you post the log file from cgminer?
blue leds is off and the second blade doesn't appear this is the log Computer: cgminer 3.9.0 When: 21:23:54 14-Oct-2014 UTC+08:00 Status: Success Message: 1 ASC(s) ASC Name ID Enabled Status Temperature MHS av MHS 5s Accepted Rejected Hardware Errors Utility Last Share Pool Last Share Time Total MH Diff1 Work Difficulty Accepted Difficulty Rejected Last Share Difficulty Last Valid Work Device Hardware% Device Rejected% Device Elapsed 0 BA1 0 Y Alive 13.68 14.48 37 0 0 30.91/m 1 21:23:53 982.3556 18,944 18,944.00 0.00 512.00 -1s 0.00% 0.00% 72 You might try reloading firmware just to make sure. Use a 2nd card as we dont want to destroy your first that does at least work on one blade. As far as fixing i think it would be replacement if it is truly dead. |
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Using any exchange to buy Bitcoins seems to be the weakest link here.
Why use an exchange when you can find a local seller on localbitcoins.com and buy Bitcoins with cash?
The reason would be price. You pay a premium at localbitcoins and have to trust a seller. If you are not worried about being anonymous you can use places such as Coinbase. It will be a smaller fee then localbitcoins. |
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Are they S3 plus or regular S3's? Do you know what batch they are?
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Yes look at pool each can be different. But you can have multiple workers on a pool. As far as distributed set.... if you mean splitting and mining at multiple at once it is a whole different thing. You can easily set up backup pools on the S3 but I'm not sure if you can do the quota rules on it and mine more then one at once. |
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No one can say price in future, there are educated guesses but nothing is for sure in the world of bitcoin.
What site did you buy cloud mining?
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What miner did you buy? There are a lot of great material and some are very easy just need to know what miner your talking about.
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coinbase is nicer and less cost then some options, but they do know who you are.
As far as anonymous a place such as localbitcoins does not need near as much info. You could essentially buy from there for a prepaid card refill. Just be careful on using a good seller.
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The worst thing I have heard about this miner is airflow. If you plan on using multiple this has fans going out sides, instead of just back. This will make it harder to make a row of them.
If you plan on using multiple i would look at the dragon 1.5. Or S3's. Either way you will be able to direct airflow much better.
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I suggest using both. Have a cold wallet for longterm storage. Keep it safe and keep bulk of coins there.
And then use a online wallet such as blockchain for daily spend. You dont want to have to use your cold storage wallet everyday so it can be usefull.
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Some coins like BITS make a good use for the giveaway specially if its documented, it can be used for charity giveaways and coders, not a bad thing.
Sadly its hard to trust a lot of coins you have no idea if it goes to devlopment or if they will get ride of it if they make it on a exchange. Best thing to do is launch it at a certain time, and make it open for everyone. Look at how litecoin launched that is a good example of a fair launch. |
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I'm not sure what is fried if it just is flat not turning on.
One thing you might think of is s3 upgrade kit. Will let you use some hardware of S1 and upgrade.
its turning on, all lights are flashing but the ethernet cable won't get a contact Did it work and quit? Or is it new to your network. |
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can bitcoins be transferred into hard currency such as dollers or euros?
What country are you in? This will help us tell you what is best for your situation. |
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I'm not sure what is fried if it just is flat not turning on.
One thing you might think of is s3 upgrade kit. Will let you use some hardware of S1 and upgrade.
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Creation: Copy bitcoinaddress.org site to CD, run on offline computer, create encrypted addresses, print them to .xps and copy to cd, destory hard drive.
Removal: decrypt an address on offline computer, copy a private key to cd, destroy hard drive. Upload private key to a wallet.
Effectiveness = 100%?
You will want to create multiple backups of your private key. This is true for both quantity and type of backup. If the CD you copy the private key to is defective and gets corrupted then you would have no way to recover your lost money Oh.. I have like 8 USB's and 6 CD's, 2 HD's, 1 External HD. I used a CD to move them off the offline HD so nothing could be copied from the HD but what I wanted. Then backed it up like a mad man.. I don't know if I am done backing up actually.. Kinda had some crazy plans to plant them around a large area in weather proof containers.... yaa.. LOL .. PROTECTION PROTECTION PROTECTION. Was going to go to factory direct to buy a but ton of CD's. Instead of hiding outdoors in weather proof containers might look into a lock box at a bank. You could easily store a raspberry pi, cd's, usb's etc to have safely stored as a backup. |
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Premining is a good way to kill a coin. I would have it set up where it launches at a time everyone knows. If you premine good luck getting on a big exchange at this point.
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I would agree the S3 is a good bang for its buck. You set it up once and basically let it run. Also they have the S3 Plus to get a little more hash then first batches. It is hard to beat the price on them if you already have PSU's. If not make sure to add price of PSU in roi math. |
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it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?
Sadly most coins are just not profitable with GPU's. You will want to look in to coins that are not straight scrypt to avoid competing aginst asics. |
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