yeah..I tell people I recommend 'attic mining' you sell crap from the attic on eBay than buy BTC or crypto with such...this, of course, is stuff you otherwise would NOT

have been motivated to sell on eBay and likely would die with.

but in my case, it is 'equip' I already roi'd on..I'd like to turn on as the last hurrah...but yeah...bringing home about 10% of the price you spent on electric for the month

and LTC continues to pump..you should only HODL...in that electric is a BILL and the same amount of electric in LTC is actual LTC in hand....safer...

but again, if the price of say LTC was to go around $175 and everyone turned their bitmain L3+'s back on and such and as a result of NO new asic equipment  for scrypt

of any scale yet...you'd have 2 things 1) 6-8 months before you were blown out of the water by new equipment and difficulty and 2) most miners HODL in such

circumstances so that would also increase the FOMO and price of LTC IMHO. Not saying it is gonna happen, but has done so in the past for nice stable mining $$$ out

of the sky ..back in the day.

but yeah, sell crap you don't need for LTC or BTC or whatever crypto and/or what you can afford to lose makes more sense yet.

But if $175 LTC price comes back and looks stable and difficulty flattens out..the stuff I own is 'turned back on'. But buying new scrypt equip or used off eBay..er nope indeed.

yeah...I'm not really considering it. Though was interesting on how masternodes work.

Well...I'm looking at www.coinmarketcap.com Litecoin (LTC) price of $138 USD now.

I can 'swing' at best in the data hall in the Midwest USA a Summer Rate of 12c kWh. (I think...bill is not in yet on Summer Rates).

This would normally be 10c kWh in the Winter (or was). The boat doesn't quite float yet.

I assume MOST of you still mining Bitmain L3+'s have 'underclocked' them and have 2 to a Bitmain PSU now to survive and likely

much better electric rates than 12c kWh.

Below is what I get at 12c kWh with (1) Bitmain L3+ unit (not underclocked) stock on www.litecoinpool.org/calc

With everyone turning their old Bitmain L3's and L3+'s back on, with the price rise, I'm pretty sure it is still (even at lower rates than my 12c kWh) most people

are simply converting $$$ to electric and getting out LTC in a sideways manner (on equipment they had previous to this LTC price pump to $138 off).

Here are my ugly stats, again for (1) Bitmain L3+ Unit at stock at 12c kWh and 500mh and 800 watts at $138 LTC.

                       
                   Expected Rewards            Costs    Net Profit
24 hours   0.01889374 LTC   2.61 USD     2.30 USD   0.30 USD
 7 days   0.13225616 LTC   18.25 USD   16.13 USD   2.12 USD
30 days   0.56681213 LTC   78.22 USD   69.12 USD   9.10 USD

Hardly anything to run home about. I do have 8,000mh at 12,800 watts of Bitmain L3+'s off in a data hall. Also at the 12c kWh rate.

I'd get this below on www.litecoinpool.org/calc. Which as an 'aside' currently pays out at 102%.

 Expected Rewards           Costs          Profit

24 hours    0.30229980 LTC    41.72 USD    36.86 USD    4.85 USD
  7 days     2.11609863 LTC  292.02 USD   258.05 USD  33.97 USD
30 days     9.06899414 LTC 1251.52 USD 1105.92 USD 145.60 USD

So it is 'getting there'. The reasons 'profit' has stayed the same is that difficulty is shooting up. I would HOPE for say $175 LTC which to me might mean

ALL of the old Bitmain L3's and L3+'s are back up and running. This difficulty would flatten out for 6-8 months while ASIC makers 'scramble' to get the

next generation of machines out. In that crypto miners (IMHO) they usually HODL LTC long-term.

That would bring a lot of FOMO to the LTC price and maybe make me able 'perhaps' to ASIC mine again with this old Bitmain L3+ equipment.

Anyway, just 'woolgathering' on what ifs.

But again, the above would be a pretty good 'kick in the ass' for LTC prices going past $200 if miners could mine again with old equipment and difficulty was 'flat'

as a result for the next 6-8 months till new scrypt ASIC equipment of better efficiency. But again, for all boats (ASIC scrypt miners in existence) to 'put to sea'

and mine like hell again, I think we at 'least' need $175 LTC to pull such off. I guess 'chump or champ' I'll be the first to know.

Hell. A guy can dream right?

later

Brad

It is a 'chicken and egg' problem. Relatives and others that are more well off for me say they will 'likely' invest in Bitcoin and Crypto WHEN they can do so through

there financial advisors that they have do their planning (the 1% Gold hedge etc). Folks with actual Portfolios in the hundreds of thousands of $$$ or beyond.

Telling them that by that time they would have 'missed the boat' and it is easier to just get some knowledge and armed with a BTC wallet etc via Coinbase as an example seems to fall

on deaf ears.

That is until they complain, that they should have gotten into BTC 3-4 years ago. Then again 3 years ago, I heard the same complaint then. Rinse/Wash/Repeat.

So the chicken and the egg issue is such folk with deep pockets will ONLY at this point (in my experience) get into BTC and Crypto, when say the ETF comes out for Bitcoin and Crypto.

Then, they, maybe, will buy BTC/Crypto on their 'financial advisors' say so as 'safe' (or safer..unsure of the logic...what I hear)

But unless the masses and these people DO actually buy some before the ETF, well stuff lags on ever getting the ETF through..with the ETF certifiers of Gov't saying that

the crypto and BTC is not 'mature enough' I should clarify, I'm using the ETF as an example of what these folk are using as a signpost right or wrong to jump into Crypto and BTC.

Perhaps, none of this matters much, and it is all a matter of 'speed' of eventual adoption.

But man, it is discouraging, when all they really have to do is their own research, get on Coinbase, (overpriced though it may be) and simply get in before,

rather than complain about 'being too late' on the whole crypto universe so they state. Or the fear that without an ETF or other 'rubber stamp' by their Governments it is too risky.

But I've become convinced, right or wrong when the ETF on Bitcoin comes down the pike, the FOMO will be intense. I mean OVER THE TOP intense! So I'm conflicted on ETF's as well.

Maybe this is why the 'powers that be' with traditional investment linkage via the Gov'ts are dragging their feet on ETF adoption. The mass exodus to Crypto/BTC could be staggering.

Pretty muddied. But then again, it is silly hearing the 'same song' of "You were lucky and I'm too late to

get into crypto and BTC" or "I'll only get into Crytpo and BTC when/if this 'decentralized' currency has the stamp of Gov't approval with an ETF or something equivalent"

Silly, hairless primates, that are humans seem never to change their group-think and if you are the outsider showing change...toss 'poo' at them.

Same reactions. Plus or Minus say 50,000 years. At least we are predictable.

End of Rant...

later

Brad

Thanks for letting me in the Livecoin campaign. (The newbie)

Got my first payment already! Thanks again. Brad

Ack! IF it goes to 10k I may crack and sell 10% of my hoard. (I hear girlz like $$$...unsure what to do with girlz..in that I'm in the WO thread

and have no life..but heard they smell nice)

Problem with 10k BTC is I 'scoffed' at selling as it went all the way down to 3.2k ..unsure if I have the balls not to sell some BTC if it creeps

past that 10k point again. Was hard enough watching it go way below that 10k...I may crack some if it goes way above 10k. (I'm only human..so I've been told)

I really, really, agree. But just can't figure out his strategy. He has a 1/1/20 deadline with the Tulip lies. He has patents that mean nothing unless he can prove he was at least

part of the Satoshi group. He seems awful sure the real Satoshi won't pop up and bust his lies. If it all goes to crap, some of his partners will likely break his legs.

A self-destructive, pathological lying, con man makes perfect sense. But they usually have a 'way out' and I don't see how, if he is NOT part of the Satoshi 'supposed' group

how in the hell as a con man, he can get the $$$ he is trying to scam and actually have a life after his deeds are exposed. Death wish maybe? Delusions?

The end game of a 'real' con man would convince folk in the background you are Satoshi, then after accumulating funds...change name and disapear....if he is working

a con that he will be exposed on ...well...thus the thread...the endgame is mysterious to me how he plans to survive the scrutiny or infamy if he can't follow through on

his claims. It is NOT like he can fade into obscurity anymore. The whole thing is baffling on so many levels.

Bitcoin is a fickle 'wench' and a 'tease', you were just being toyed with  I'm afraid.

I know a guy with a big data hall and he is making same (selling ltc for bills) that he was making on $80 LTC using mainly Bitmain L3+'s (underclocked 2 to a PSU).

This today at $135 USD LTC. Everyone is turning their old Bitmain L3+'s back on. Not me yet. 1/10th the profit over electric does not make sense yet. So LTC probably

needs to hit $175 to get everyone on board that has equip worth mining LTC back on. With say 6-8 months for the mnfg's to fire up and get better units out in mass.

That, IMHO, in the past could really, really shoot the FOMO up on LTC to $300 say. IF, again, IMHO, the miners of LTC HODL as I did, back in the day.

just saying. Also, keep that in mind for FOMO on BTC as well. Miners like to mine and then pay electric and then HODL (or they did) this also adds to FOMO of POW coins

and especially BTC and LTC, again I know zip but IMHO.

I've got a buddy with a large data hall and hundreds of L3+'s of his and others. The $$ they have been making from $80 LTC till the $135 LTC

is more or less the same. In selling LTC to pay bills etc. You also have to realize as LTC goes up in price, everyone is turning on their OLD

equipment. Indeed, I have 8gh at 12,800 watts at 12c kWh not worth turning on yet vs just buying LTC. (would be almost a 10% return of electric used)

So, we could very well need to hit $175 LTC to make it worthwhile and get everyone back on board. (At least in the Bitmain L3+ world) in order

for the difficulty to maybe level out, for say 6-8 months till new, better LTC ASIC's come into play. My only hope for turning my 'beasties' back on.

my view anyway

later

Brad

Ah, someone with faith in myself. (heh) Yeah, I'll get to it and see how far I get before I get stumped.

just chicken

(put up the USB miners they said in 2016, it will be a snap they said, it was not good, lost a week of my life and ended up giving them away to smarter folk than myself)

but yeah, have to make the leap and at least turn the thing on I guess..no more stalling with real-life issues...

edit: seems to be the video card on the Compaq Evo N800v Laptop is the issue with updating Unbuntu 14.12 (I think that was the version) or above...

Lunbuntu works fine, however. We will see how that goes for the gekkoscience r606 attempt though

Well, since I started this thread, it seems by doing the copyright (that means nothing, but I guess was a 'big deal' to Chinese crypto folk and went full FOMO)

He has managed to 'double the price' of his Bitcoin SV. So he may be mad as hell and a megalomaniac but he seems to be doing quite well 'pissing' everyone off.

Again to my fear, the 'endgame'? With the trial by Dave Kleiman's brother over stolen bitcoin and the 'supposed' Bitcoin Trust that also included 'supposedly'

Craig Wright and Hal Finney. Again, the endgame at this time is...scary...in the prospect...that he is the 'last man standing' and could get access to this

'supposed Tulip Fund" the above mentioned made...again....supposedly. That he claims he will have access to on Jan 1st, 2020.

So NOT wanting to believe the above..I just wrote...(which scared the crap out of me)

I come again to the question. What is Craig Wright's endgame?

IF he is NOT Satoshi and all the above is a lie and not true, how can he gain anything from this? Ridicule and Ruin? He has to do so because he 'lied' his way into

a corner? He is trying to keep creditors and the Australian Tax Authorities at bay? Does he have a 'self-destructive' 'delusional' behavior disorder on a massive scale?

I see no way out for him, only the scary part in that he IS the last man standing of this 'so-called' Satoshi Group and thus really does have access to such

a Tulip Trust on the date 1/1/2020.

Give me some hope guys, find other angles, the logical conclusion of someone 'sane' saying this stuff is that he would eventually be proven right and show all

the naysayers.

scary sh*t

brad

options, other than my worst fears above please....a mental 'lifeline' is needed on my end....the guy is nuts..

Found out the https://canaan.io/ has ASIC equipment for sale. BTC Wise I think for all.

The bigger unit

https://canaan.io/product/avalonminer-1041/ is for 100 units or more.

The remaining units don't seem to have that stipulation

https://canaan.io/shop/

Using the below site. *unless you can underclock and less power* these do not seem to be very good money makers unless you have REAL say less than 5c kWh electric.

Examples:

Avalon 1041 (Oct 2019 shipping)

https://www.apanel.com/miners/canaan/avalon-1041/115

Avalon 851 (In Stock)

https://minerstat.com/hardware/canaan-avalonminer-851

Anyway, nothing jumps out for me at my 12c kWh. (Could be more unsure yet Summer Rates go up!)

But anyway, stuff to buy, if you are itching for an ASIC. Remember the 25% USA Tariffs added to this and the 2.6% import tax. Also Shipping from China.

Also note: Bitmain has 'deals' for splitting profits with Hydro Electric Utils in China to use 'excess' hydropower unused and or/un-storable. Thus that will

likely also drive difficulty up at least through this summer. Using I suspect the 'stock' Bitmain Miners that are currently 'unsold' from old ASIC stock.

Anyway, this thread shows you ASIC miners of many flavors, perhaps some of these will be workable with your home Solar Arrays and/or again cheap electric

rates. Good for you. Myself, I sit on this thread playing OP and just going 'damn' at 12c kWh this is not gonna work at all

later

Brad

Unbuntu 14.01 (?) or whatever stopped working on the Compaq Evo N800v so then I went to Lunbuntu (whatever latest ver is I assume will still work).

Not gonna use Window xp...just saying...

Sorry, have issues...my first miner was a KNC Jupiter Miner 2013...was just plug/play firmware (crappy for a start..but hey)

Still, have not even unboxed my gekkoscience r606 yet....stalling for the above reasons and past failures..(ie yech)...probably just psyching myself out...

I'm kinda talking tongue in cheek..however, I really did never get a USB stick to work..or any much-using ubuntu to get something up...so with many hours of past failures...I think the old Compaq Evo N800v (1gb ram) ...never to see beyond windows xp (too lame) running Lunbuntu is my best bet. I have a mess of these.

I have to walk before I can run. Never having ANY luck with any miner what was not, not plug and play has 'scar'd' me indeed

An ASIC baby indeed.

Is a master node still 1,000 Bitcoin 2. (damn, probably too steep for my blood) just asking, however...

do you have to also keep enough bitcoin 2 for running a masternode? Like LISK (the more you HODL the better you masternode payouts in Bitcoin 2)

thanks...probably out of the loop on getting a masternode...but curious

thanks

brad

heh...yeah...I suppose that will become an issue someday....if so then my mind is gone way to far into WO and bitcointalk....will be yet more proof I have no life outside of cryto.

Just saying the article says the opposite. The fact that Bitcoin and Eth are NOT called securities...means (article) that the forks like Litecoin are likely to duck 'also' being called securities.

Also as an aside. There was 'no value' to the Litecoin copy of Bitcoin. It started from 0 worth with its own blockchain I believe. Thus no (see below) IRS forked coin $$$ from the sky issues.

Anything is possible. But the logic goes like this. If Bitcoin is NOT considered security..then it is likely forks of Bitcoin will also not be considered a security.

As to being forks and IRS and value of forks. That is another issue. (see above) Litecoin actually does not fall under value for forked coins via IRS in the fork did not pay out back in the

day. Again this is an aside to your question/view.

Who knows, just saying that is the counter-argument is above. You could very well be right. It is all very muddied.

Yeah, mine is all pretty much blown. As Legendary, does merit even matter anymore?

Just use a metal Junction box, with a flip lid, mount it inside on the flip lid so the meter part shows...done and done.

https://www.surplussales.com/Cab-RacksHardware/encl_2.html



At $15 each. This may work. Just grab'd if off google. Did not check the size. But something like that, I'd just spend the $$ and use by the panel

Would be a way to keep track of whatsminer or other miners in the basement for probably more fun than profit at these prices though