Right, but there would be an advantage to them if the pool started charging a fee, which is what was being proposed.

The large miners decrease variance for the small and medium miners a lot more than they decrease their own (without the pool their variance wouldn't be that large anyway).

I don't know the ebay rules exactly. As I said all I can report from personal experience are good sales where I got paid for the minres and had no problems. And I've sold plenty of other stuff on ebay without trouble (just my own used stuff, not as a business). Miners seem to attract shady people and/or professional scammers.

That is not the case, since they could easily run their own pool. The top contributor right now is grossing almost 200 BTC per day. You don't think they can afford to set up a private pool or a p2pool node, or even just solo mine? (They'd average 8 blocks per day.)

It is the small to medium miners who benefit the most. Too small to set up their own pool and at least the medium miners have too much at stake to risk solo mining. It is either this pool or some other pool.

Yes and no. I sold a couple of obsolescent miners on ebay for good prices and I never had a problem. But seeing other people having problems encouraged me to stop selling that way. I've also sold old miners for BTC payment and in person cash sales. You don't get as much as ebay, but you still get something to offset the lifetime cost.

I agree, and I'd make the default donation 1/2% (total across the categories). That's still lower than most pools.

It looks like the way this works is that if you just sell altcoins for BTC and take out the BTC, you don't net any BTR points. If you actively trade altcoins you probably accumulate BTR you can sell for a partial commission rebate.

I don't trade there enough to figure out if this exactly right, but it seems close.

There is a ring of guys who troll every local craigslist looking for people selling miners.

I have verified this by posting in multiple different locations, specifying local buyers only. These idiots are dumb enough to respond using the same name on their email (craiglist hides their actual email but keeps their name) regardless of the location.

When they find a victim, they will ask you to have the machine mine for them on their worker for a few hours as a test. They will say they like what they see and agree to buy the machine but can't come pick it up until the next day. Of course, they will ask you to keep it mining overnight. Then the next day they will come up with some excuse like a family emergency, car break down, etc. to delay the supposed meeting, but they will want the miner to keep going on their worker. (Of course there never was and never is going to be any real meeting; they aren't even in the same city.)

Once you finally pull the plug, you will likely soon receive another such offer from a different member of the ring.

The idea of course, is to stretch out the amount of free mining they can get. Generally they only get a small fraction of a BTC from each miner, but they are running this scam all over the place, so they probably get a lot of free mining.

Watch out. Don't give free mining as a test.

This. I have two of the 4.25 S1's about to go +ROI, and some later ones that will probably get there as well.

One share in favor of selling

Don't fall for this. Cloud hashing deals are almost terrible deals in terms of profit margin, if not outright scams.

Ask yourself, if they have the equipment already set up and running, why would they mine for you when they can just mine for themselves? The answer is either: 1) They are charging you more than the expected output of the miners, 2) it is a scam where you can kiss your money good bye.  As far as I can tell CEX is "just" 1) and not 2) but you never know really.

The MtGox price is even more absurd now. I guess the issue with using another exchange price is technical (API)?

MikeMark if you want to buy a NastyFans seat coin, I'll sell you one of mine at the issue price using the Bitstamp price. PM if interested.

The surge protector is doing its job, tripping because you are pulling too much from one 15 A outlet.  If you really have a 20 A outlet, you can possibly find a keyed 20 A surge protector, but its going to be unusual and expensive.

Just spread out the miners across multiple outlets, and don't put more than 3 miners on one 15 A circuit.

If you have free electricity and if difficulty increases stay low (in the 20% range), these may make money. It's close.

Are your outlets are running off 4 AWG, or is this just dangerous wiring?

Three ants (not overclocked) per Corsair AX1200. Pulls a total of about 1100 W at the wall. Four ants would likely be too much continuous
load for a 15 A circuit, especially if you are using less efficient power supplies and have other stuff on the circuit, and definitely if overclocked.

Anything rated for 15 A should not be run at over 12 A continuous. That includes the circuit itself, power strip, extension cords, outlet, etc.

No, and also don't forget a 50% increase in difficulty means a 33% decrease in mining output, not a 50% decrease.

EDIT: Also, I got no payout. Why?

Thank you wiz!


Don't let them get you down.

Do the manual payouts show up on the stats page (eventually)?

I was basing it on the other post. I have no idea which of these specs if any are realistic. You know about pre-orders.

IP access should be the same whether they are on wifi or wired.