use a usb stick and smos.  

simplemining.net

2 bucks a month for 1 rig.

and he will give you a 30 day free trial.

I have run rigs on simplemining since 2016 no issues.

my zotac 1660 does 28 mhs but uses only 90 watts.

this gear mines scrypt not btc. I will ask mods to move it to alt coin section.

Try other browsers.

Yeah reminds me of the poem with the line

"I shot an arrow into the air,
It fell to earth, I knew not where;... "

The Arrow and the Song
BY HENRY WADSWORTH LONGFELLOW

Would be quite a world if the unmasked ran around with a bow and shot arrows in the air at random.

It will soon be gone and we will be talking about 12850 as the new resistance.

I will send emails to teslawatt tonight  and see what happens.



edit sent just now 10 am Monday

---

Sending label for 2 s17pro miners.
Aug 17 at 9:56 AM

Pxxxxx Axxxxxx <pxxxxxx@ yahoo . com>
To: mikidjuric@ teslawatt . com, Pxxxxx Axxxxx <pxxxxxxxxx@ yahoo . com>
Cc: rxxx@ mxxxxxxxxx . com

Hi Miki,

My name is Pxxxxx Axxxxx I am the member philipma1957 on BitcoinTalk.org

I have been trying to buy 2 units of s17pro from Freemine-001010 of BitcoinTalk

 https://bitcointalk.org/index.php?topic=5254741.msg54998106#msg54998106

  I attached a screen shot of the posts.
So I want your input on this. Do I send the two labels to your email and you ship

Teslawatt
155 Palmer Lane
Marble NC 28905

P:  +1 (775) 235-xxxx Option 1
E:  mikidjuric @ teslawatt . com

H: 11
L: 16
W: 20
Weight: 26 lb

Using the info above to have them sent to me in Howell NJ 07731?
I can send two fedex labels one for each unit today using the info above.
I just want to get your okay on this. I looped in the seller on the email chain.


Pxxxxx Axxxxx
aka philipma1957 of BitcoinTalk.org
pxxxxxxxxxx@yahoo . com
732 2xx 7xxx
1 File1MB
Screen Shot 2020-08-17 at 9.49.04 AM.png
1MB

---

I will await a reply from teslawatt

I need to do some research I don't know how to write off import taxes if I do say 25 and add 6 in port cost is 31m I am not sure of write off rules on gear.

A truck for a business can be deprecated not sure about mining gear rules on depreciation.

actually as a life long sufferer of asthma I am liking the mask rules big time.

I have 10 quality three layer masks. Made from cotton. I wash them after a days use.

They are extremely helpful for dust and pollen.

The only issue is when I go to my mining farm and it is 100f in the room sweat 💧 makes them wet and they  restrict breathing when wet with sweat.

This is very diffcult issue for those that what to take more risks then those that don’t.

For me it is a blessing as they make it far better for my asthma issues. Which are triggered by dust,pollen,dander.  I am hoping that mask wearing never ends for those that chose to wear them.

 
I personally think you should not be forced to wear a mask. Or a seatbelt.

Just as I think I should wear a mask and not be hassled for it.

Yes, but you are assuming a lot one that the setup is not under attack from withholding. The gear is all good.

You once said 100% luck is a bit unrealistic 99.5% luck is more likely in the long long long run.

The range of your pool. was 104% for 1400 blocks then 96% for 1000 blocks.

We both agree that a 10000 block stretch is more likely to get closer to 99.5-100.00%

And we both agree that a 100 block stretch will show 90 to 110 luck

more easily then a 10000 block stretch will do.

Simply because a longer run lets the leveling of luck happen.

So I am not disagreeing that a larger pool is supposed to level closer to 99.5-100%

And that a 10000 block a year pool is less likely to do 96% or 104%

then a 100 block pool is to do 96% to 104%

I am simply saying that the 100 block pool is more easily cover with a 10 block bond for a year then the 10,000 block pool is covered by the same size bond.

You are insisting that both pools need the same reserve (bond) because of Meni's formula

If I make this pool and have to pay 27 blocks a day 1 bad day the first day of the pool and the bond will suffer.
If I make this pool and have to pay .27 blocks a day 1 bad day the first day of the pool and the bond will survive it.
If you look at bigger pools such as ant pool they do have bad days.

If I was funding the bond for the pool I would think that I am more likely to lose money then make it.
If I were the pool owner I would think I am likely to fail.

I know that after 1 year my 100 block a year pool needs to have made 98 blocks for the pool owner and the bond owner to both profit. Not only they do 98 blocks but they space them fairly well.

I know after 1 year my 10000 block a year pool need to have made 9800 blocks to profit.

In both cases they made 98% of why they should make and fees are 4% and 1.5% which cover  the short fall in luck.

I know that after 1 year my 100 block a year pool needs to have made 97 blocks to pay the bond back or ask for a renewal.
As my fee structure will cover that

At the 96 block level I am most likely losing money and dipping into the bond.

So the bond owner would have a small loss.

to give an example using your pool numbers here are your last 100 blocks
--------------------------Time------------------------------CDF[Erl]----Luck%--------------
"Last 100 Blocks   100.3wks   106.41%   102.35%   0.7458   93.97%   95.31%"

93.97%. which is a cdf of 0.7458

So 1 in four times this can happen.

So if I build this pool  sell a 1 year  bond and it does 100 blocks when it should have done around 106 blocks in a years time.

what are my results the fees on 100 blocks are around

4 blocks and 1 coin   but I need to pay 106 blocks I am down 1 block and 5.25 coins of my bond.

So by simply looking at your pools stats

it is about 25% chance of losing around 11.5 coins. of the 62.5 or 10 block bond. In 1 year of a 100 block pool
based on the cdf of 0.7458

I don't want to start a pool or fund a bond with a 25% chance of losing some money

So basically with a fee structure of 4% on the block reward and 1.5% on the tx fees

a 100 block a year pool has a 25% chance of losing 11.6 coins out of 62.5 coins.

now if I pull your 500 block stats from kano.is I get this

----------------------Time------------------------------CDF-------Luck%--------------
Last 500 Blocks   163.2wks   107.53%   108.84%   0.9513   93.00%   100.31%

So 500 blocks made should have been 537 blocks made

my fees on 500 blocks based on 4% and 1.5% = 20 blocks and 5 coins

so 537-500 = 37 blocks - 20 blocks and 5 coins = 16 blocks and 1.25 coins loss which wipes out a 10 block bond.

the chance of that happening is about 5 percent based on your cdf of 0.9513

I don't want to start a pool with a 5% chance of failing at the 500 block point

1 last set of numbers lets say I do a 50 block a year pool and have a 10 block bond.

here are your 50 block numbers

"----------------------Time------------------------------CDF-------Luck%--------------
Last 50 Blocks   88.6wks   115.94%   103.57%   0.8684   86.25%   88.52%"

so 50 blocks my fees are 2 blocks and .5 coins

I should have made 58 blocks

so 58-50 =  8 blocks short.   my fees reduce it to 6 blocks -.5 coins. which once again heavily dents the 10 block bond.

with a 0.8684 cdf the chance is 13.16% that it  CAN HAPPEN.

I do not use Meni's formula as a guide stick I simply used  observation of stats that show

a   50 block cdf gives a 14% chance of a loss some of the bond.
a 100 block cdf gives a 25% chance of a loss some of the bond.
a 500 block cdf gives a  5% chance of losing more then the bond.

So how do I sell this idea to an investor?

The answer is binance is willing to lose some coins to support its trading platform
The answer is bitmain is willing to lose some coins to support bitdeer and gear sales

The answer is any one with a btc based platform that is raking in heavy coins may want to run a pps pool to keep miners around.

Could I honest tell my bond holder it is a good idea.

No unless he is running coinbase or hiabtc  or bittrex since it helps to keep his trading business around.

To kano thank you for your clear and precise stats.

and as one can see a 500 block luck rate of 93% is  more unlikely then a  86% luck rate at 50 blocks

which is going towards kano's arguementnt that it is not linear

but more coins were lost by the 500 block luck rate of 93% which is what I have been trying to say for 2 years. That in the case of pps the pool size matter for the amount of  coin losses.

It does not matter that the 50 block event was 1 in 7 shot to happen this reduces the bond from 10 blocks to just under 6 blocks
and the 500 block event was 1 in 20 shot to happen this equals loss of bond and 7 blocks of coins into debt beyond the bond.

Both cases suck and are not a good selling point for a bond investor.

the block stats are from kano.is
see where most are

 kano  lets try this the last 1000 blocks made by your pool your luck was 96.12%

can we agree on this?

it says so on your pool luck chart.

so I will use that number.

get back to me so we can start with an agreement. With 1 fact.


all pools have a luck rate they may not publish but they have one. can we agree on this?


and in theory if a pool was to have only your gear with good block making firmware.
no coding errors .
a good connection to internet it could be said to trend towards 99-100% luck  but as we all know variance can have it drift away.

your pool first  1400 blocks about 104% luck
 luck next 1000 blocks 96.12 blocks.

if i own a pps pool and choose to ignore meni rosenfeld formula when i go for bond support i would need to have a basis of something to show my idea.

I could study pool luck of major pools and observational study would show most pools range from

94 to  106% luck when studied in 1000 block time periods.

but that when studied in 100 block time periods the range can be 90 to 110 blocks

so i set a time limit on a bond a year the bond is for 10 blocks.

if the pools payouts are 96% for rewards And 98.5% for tx fees

i eat into the bond at the 95-96% luck rate.

and i wipe the bond out at the 86-87% luck rate.

but as i said  all the math assumes no,one attacks the pool with bad gear/firmware.

which is why i am poking holes in the poolS founding concept.

so we are 2 hours and 10 minutes away?

If I quote that from his white paper can we end the feud?

My definition of larger pool is larger network share.

Here is why I say size matters


the pool owners variance risk increase with size of the hash rate.

So that practically speaking a 100ph pool needs a smaller reserve then a 1000 ph pool or a 10000ph sized pool

the formula for bankruptcy is absolute and is unchanging

but size matters since in the long run we are all dead and no cares about a pool 1000 years from now.

but for
1 year
2 years
3 years
4 years
5 years

the risk of bankrupcty is tied into the pools size.

     100 ph pool will earn  100 x 0.00000793 x 365        289.445 coins in a year.    or     46.3 blocks
   1000 ph pool ...............................................       2894.450 coins in a year     or   463.0 blocks
10,000 ph pool ...............................................     28944.500  coins in a year.    or 4630.0 blocks

the formula is absolute and will come up with the same number or reserve size  for all 3 pools above.

Meni simply says the 100 ph pool is carrying less variance risk

than the 10,000 ph pool is.

kano has good math skills better then mine

I am simply saying the bigger the pool the more coins it can lose quickly.

Lets say pool a should do 100 blocks in a years and its has 98% luck they are 2 blocks short.

Lets say pool b should do 10000 blocks in a year and it has 98% luck. they are 200 blocks short.

equal luck but more of a loss.

now in the case of 98% luck both pools would turn some profit since i mention earlier that fee structure would be 96% of the rewards and 98.5 % of the prior days tx fee average

A pool with this fee structure gets into trouble if it has an extended down turn achieving 94% luck means reserves get eaten into.

now if the pool should earn 100 blocks in a year it is down 6 blocks and fees paid were around 5 blocks

the pool loses 1 block worth of its reserve.

here is the tricky part. and this is why kano and I are disagreeing  about application of the bankruptcy formula

if the pool earns 10000 blocks a year it is down 600 blocks and fees paid of 500 blocks mean the larger pool is off 100 blocks.

now the idea of a 100  stretch of blocks doing 95% luck creates a cdf of (let kano do this math)

and the idea of a 10000 block   of blocks doing 95% luck creates a cdf of (let kano do this math)

the math will say it is less likely for the 10,000 block stretch at  95% luck this is true and why i agree the formula is set in stone.

but practical application of the formula is not set in stone.

for example kanos last 1000 blocks were 96.12% luck this would lose some  money for a pps pool owner

that pays 96% of reward and 98.5 % of tx fees.

the likely hood of it happening is of some importance thus meni’s formula

the  practicality of applying the formula is more difficult.

we are  doing a 1 year bond. on a 100 block a year pool going broke and crashing the bond of 10 blocks is less likely

then crashing a 10block bond on a 1000 block a year pool or worse yet on a 10,000 block a year pool

the bond having a 1 year life  would need to be larger with a large pool.

even though meni’s formula never changes.

personally I think the risk for the pool owner and for the bond holders is too high.

Plain and simple if the pps pool does really well it is subject to a with holding attack.
I would think this can not be fixed very easily.

This seems to get more complicated.

But I will effort to do this as you want.

I will contact the guy from teslawatt and see what he says.

If they are in NC shipping is quick and easy

If they are in NV shipping sucks.

I sent you an email and gave you a cell phone number.

I know how kids can be. I also know how real world shit gets in the way.

I will email you and teslawatt and send a cc to me. Later tonight.

I will see what happens.

Okay buy a bitcoin for 10000 sell for 7000 in under a year is a short term capital gains loss of 3000.

the max amount you can deduct in a year on a short term capital gains loss is 3000 .

so there is a limit for the deduction.

Ie buy 2 coins at 20,000 sell for 14000 and you can deduct only 3 k this year and 3 k next year.

lets say your tax bracket is 33%.  you have a 1000 tax break two years in a row. vs a 2000 break in one year.

gets more complex as every state has different rules on cap gains / losses

in New Jersey you pay on a cap gain on a sale coin
and fuck you on a cap loss on a sale of coin

so my NJ tax bill gets zero benefit from sales of coin at a loss. and is higher on sales of coin at a gain.

My federal bill is about 25% rate.

My state bill is about 6% rate.

More to this on mining if the power bill is good enough gear always earns money unless it breaks.

So if I buy 20000 in gear have it malaysia built and shipped I pay zero import tax.

so 20,000 k is cost of goods say power is 1/2 the coins say i earn 4 coins in a year.

make coins drop to 7k.  i paid 34,000 gear and power year one I earned 28,000 in coins.

a business loss of 6k . but i own the gear and possess 2 coins

the other way i paid 20 k for. 2 coins . a loss of 6k on paper

in both cases i lay out 20k
in both cases i hold the coins

in the gear case i have gear and 2 of 4 coins
in the coin case i have coins

now does 20k buy enough gear to earn four coins in a year?

i will check I checked

so in my case.

buy 2 coins at 10k 1 year later they are worth 7k. or i turned 20k into 14k

or buy 20k in s17 pro  in one year they mine 2.9 btc so a year later

i turned 20k into 20 s17pro and 1.45 in btc worth 10k.

first case if i do not sell the coins no tax issues. no reporting paper loss of 6k

second case i paid 1.45 of the coin to mine

so tax wise my cost is 20k+ 10k as the coin dropped in value.

or a cost of 30k.  i own all the gear and the coin i held is worth 10k.

if i have paid for gear before i added this gear and if it makes money.

i can write off my losses in year one of the 20 x s17 pro.

all of the above is a case where coins drop from 10k to 7k and i added 20k to whatever i had.

The tax advantages for buying gear vs coins directly are huge.
So if you have a good power deal buying gear allows some safety margins that buying coins do not allow.

This is why we need to swap the 11k values for the 12k values.

I assume it is using  GMT time. 0000 is the time correct?

actually I get it just fine.

If I went this route I would have the two bolts sorted in two different bank safety deposit boxes.


The bolts are more of a back up for physical destruction safety of the  wallet.

For me at my age hodl for more then 10 years may happen but I would be 73 in ten years. With no kids so I would most likely want to spend the money so having it stashed in 1 safety box is not  what I want. If I have the two bolts spilt in two boxes it will take me more time to get to it.

So it forces me to hodl I would like to hodl till I am 73.

a 24 word seed. on two bolts.

brass washers numbered 1 - 12   using 12 seed words of 24

aluminum washers number 1-12. using 12 seed words of 24
 
stored in two places.

if an evil doer  finds the brass ones he will think he has a 12 word set of a seed and go no where.

if a second evil doer finds the aluminum ones he will think he has a 12 word set of a seed and go no where.

so an evil doer needs to find both and then figure it is a 24 seed wallet not a pair  of separate 12 seed wallets


but what if i find both my brass 1-12 and my aluminum 1-12

well a comes first so list the 12 aluminum then list the 12 brass.

Maybe a wifi transmitter and a wifi router


https://www.amazon.com/BrosTrend-600Mbps-Adapter-Wireless-WNA016/dp/B0118SPFCK/ref=sr_1_1_sspa?

ask ty from the smos thread



I actually think this could do multiple rigs

rig1 short cable
rig2  "               {   a 8 port eth switch }  to (adapter above  )   to [wifi router]
rig3 "
rig4  "



eth is pushing 444 usd damn!

I found a decent card a msi 5700

https://www.msi.com/Graphics-card/Radeon-RX-5700-mech-oc

not the msi 5700 xt




https://www.newegg.com/msi-radeon-rx-5700-rx-5700-mech-oc/p/N82E16814137466?

it uses 1x 8 pin cable and it is now sold out.