AAGGGHHH! - So I made another BitInstant deposit today (very smooth again, but funny how the currency rate always moves in their favor so you don't get what you think you will). Anyway I should have built in more cushion, I calculated wrong and am 0.05 BTC short for my order.
So I start cleaning out all my various wallets and sending miscellaneous small alt.coin amounts to Cryptsy.
Of course now Cryptsy is down...at least for me. I can't get in. Not my day. With my luck they are experiencing the largest DDos ever and will be down all day.
Someone is trying to tell me not order 4 more of these.
Then I started sending them to Bter.com because their site was up. But only long enough for me to get a new payment address. Anyone interested in loaning me .05 BTC so I can finish my order. I will pay back .06 BTC before the end of the week. 16R1L6sVCfrgJ2Ldv6pr7PyzLoNKcveZSk |
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AAGGGHHH! - So I made another BitInstant deposit today (very smooth again, but funny how the currency rate always moves in their favor so you don't get what you think you will). Anyway I should have built in more cushion, I calculated wrong and am 0.05 BTC short for my order.
So I start cleaning out all my various wallets and sending miscellaneous small alt.coin amounts to Cryptsy.
Of course now Cryptsy is down...at least for me. I can't get in. Not my day. With my luck they are experiencing the largest DDos ever and will be down all day.
Someone is trying to tell me not order 4 more of these.
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Anyone know how long bitinstant is taking atm?
I did some last night fine in seconds. Right now it's been 30-40 minutes with no payment??
I did bitinstant earlier today took 10 seconds to get my email confirmation. BTC was in my wallet when I got home within 15 mins Ugh. I have quite a bit pending. This is really really frustrating, seeing so many posts about this and hoping it doesn't happen to you. I had one few weeks ago that took 4-days. It will not even let me place an order stating I am trying to make a transaction over the limit, which I was within the $500 limit. I tried many numbers....I registered to increase my daily transaction limit. Maybe it takes a while for it to register your account??? I am not sure.....stuck at the moment with no bitcoin  Went to Walmart for moneygram with bitinstant. Drove 2 blocks back to my office and it was in my wallet. |
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BPTJ1RqKW2jgG1kbGF6adPxBiTjehYPUeq
Thanks!
Posted this a few days ago and never received 0.1? |
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Swimmer63; 6; 6.2018; 1B5oPRXgW4pkV2Me5pPPGMPXogatPd4abA
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I will be purchasing 6 tomorrow am when I can load my wallet with enough BTC. Assuming still open.
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I started mining about 3 months ago with GPU's. I mined BTC for about 3 hours and then switched to litecoin. Have not mined BTC since. And based on the pricing of all these group orders I question whether it's worth it even if they actually deliver on time. Constant increases like 18% in difficulty will put us at 250,000,000 on 1/1/14. At 5 GH/s you will make about $8 a week. And based on the pricing/estimates for these BFL chips/boards/assembly/delivery I don't think it's going to show a profit. At least not for a few years. I could be wrong. I ordered two Jala's late (April) and did an analysis of revenue based on 18% increases. Here is the result if anyone is interested. http://tinyurl.com/llahjrdIt's not pretty. |
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I would like to trade $150 Dwolla for 1.5 BTC.
dealt in PM, good transaction, completed, waiting for confirmation feedback Very smooth, very fast transaction with 420. Saved me a lot of grief and fees trying to get some BTC. I mine and usually withdraw via BTC-E to paypal. But never had to buy before. Thanks for the help 420! |
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Can I just clarify that the cost per chip is $75 and each chip gets 4GH/s.
I am trying to get my head around the costs and potential revenue.
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I would like to trade $150 Dwolla for 1.5 BTC.
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BPTJ1RqKW2jgG1kbGF6adPxBiTjehYPUeq
Thanks!
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^ post your addy I'll send you some
iHx71cBXqcs5qKYbNUAztbivoydh192qJn thnks for your generosity  1 million sent  :O wow!! thank you, really thanks you are awesome  Sent you another mil. |
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Likely, pretty close to right. One comment, though: Some have begun using "network proportion" rather than difficulty in proformas. That is, if the network at a point in time is T Thps, and you are h Thps, ("h" for jalapeno ), then I'd proforma dollar daily performance as (h/T * 3600 * USD/BTC). One advantage is that you can then continuously (or cyclically, or otherwise) "grow" network hash, whereas difficulty is stepwise, and in fact the instantaneous probability of you discovering bounty is a function of the network hash rate. Using 150 Thps, $111 BTC, and h = 5/1000 Thps, I get $ 8993 for the week, in noise-band with your $101. Just sayin'. I get it, which is good for me. I am not the most mathematical. What's the 3600 - coins per day?? |
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OK - I stretched the projection out for a year. The weekly numbers are exact given the growth assumption. The monthly numbers are approximate. For ease of reading I made it a Google Doc file. Conclusion is the same really. While the rate of drop off in revenue decreases the higher the difficulty rises, you are not making much by then (January) so it's not much of a help. If your Jala cost you $300 total then anything you mine prior to September 25 is profit. Because after 9/25 you will only make about $300. I did this just for me to figure out whether I should cancel my orders. I have not decided. But I am definitely not going for the upgrade to 7 GH/s. Then you are stuck with it as in no refund. I am thinking if we get to August and still don't have it in hand I might as well cancel. Of course there is the opportunity to mine other sha256 coins. That may change the decision. |
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True on the power / cost issue. The thing I was trying to show though was how dramatically the revenue drops off over a short period of time. What is giving you 0.0014 BTC one week is giving you 0.0009 the next week and so on.
Basically the window for this hashing rate (5GH/s) closes very quickly over the next 6 months. If you look on Ebay some people are paying $2,000 for this and it will never come close to making that back, at least in BTC. Unless of course something changes and the difficulty stops increasing at this rate.
I will finish the numbers until they get down to nothing. Just been too busy this morning.
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@hl5460 - that is definitely an alternative. There are other sha256 coins and often they are more profitable to mine right now.
I am guessing that by the end of the year we will see more sha256 coin debuts as anyone with less than a 20-30 GH/s rig is going to be making pennies.
@shmadz - I will try to run the numbers today. But they are not going to be pretty.
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I have two GPU rigs, but am new to CPU mining. For fun I started mining YAC on my work desktop via a pool. I have an AMD FX-6120 Six-Core at 3.5 Ghz and 10 GB of memory. I mined for about 12 hours and got 3 coins. What am I doing wrong? Below is my .bat minerd-avx.exe -a scrypt-jane -o http://pool.yacointalk.com:8336 -u Y51uiyQsGXGnVxxxxxxxxxxxxxxxxx -p x -t 20 |
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If you get it before September you will make some money. But the window is small.
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