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17921  Bitcoin / Mining speculation / Re: New Bitmain Products? S4+ and S7? on: April 11, 2015, 04:23:11 PM
i remember a guy(who created a thread about those miners) said a couple of months, two weeks ago... but don't be too in a hurry for them, they are just about 1.5 time(1.45 precisely) more efficient than a s5 antminer, nothing so special, they won't change the current mining situation for sure

found it https://bitcointalk.org/index.php?topic=1003216.0
17922  Bitcoin / Hardware / Re: s3 problem , why moving ? on: April 11, 2015, 04:18:32 PM
you need a plus head screw driver +
we don't know the nature of that thing so we can't say pull or do that or that...
screwdriver and do it!

It's hard to see in video to low of quality.  Can't see if cable or what it is.

Get a philips screwdriver as said above and open it up  and see what it is.    No it is not normal to have something jump in-front of the PCIe slots.


This is something  Aluminium .



maybe in the shipping a part inside it got screwed or something, you should open the case and see well what really is, there must be some screws under the box or in the side

if you can't open it in this way, push that thing back so it can be taken out from one of that hole(fold it outward)
17923  Bitcoin / Mining support / Re: help with config of bfgminer on: April 11, 2015, 04:08:52 PM
if your are mining in a pool the client isn't needed

to see if you are hashing, look at your shares in your dashboard, also see if you have at least one working running in the "workers" field

if nothing is shown, then it's probably because your version of bfgminer is too recent, and they did drop the support for GPU

I'm still not sure where does he see the 350MH/s hashrate .. in BFGminer ?

bfgminer it's like cgminer in the end, it should display the hash in the cmd window, in the center, pretty easy to spot
17924  Bitcoin / Bitcoin Discussion / Re: Kaspersky and INTERPOL Say Blockchain is Vulnerable on: April 11, 2015, 03:56:48 PM
they are trying too hard to kill bitcoin price with all those troll news, despite all the 230 mark is still holding strong

they should at least back up their claim, why they don't try to abuse the blockchain then?
17925  Other / Politics & Society / Re: Why dont banks offer a non chargeback-capable product? on: April 11, 2015, 03:06:12 PM
because it's a form of security and they are too much worried about it, usually the more security you offer, the more customers you get to deposit in your bank

and only "elite"(those above the average, not ordinary people, you know...) really want a non chargable products, the rest don't care at all, they only care about their money being safe
17926  Other / Beginners & Help / Re: How I can earn from the Signature campaign? on: April 11, 2015, 02:57:58 PM
join 777coin campaign is the best for newbies

you can find all the info here https://bitcointalk.org/index.php?topic=840124.0

then you just post, without spamming, and earn based on your rank(now you are only newbie, so you will earn a low amount) but when your rank will rise your payout will rise too
17927  Economy / Trading Discussion / Re: Bitcoins exchanges willing to accept Pakistani nationals? on: April 11, 2015, 02:57:12 PM
you could try with localbitcoin too, , it work with everyone uround the work, but for that amount, it's better to watch only for a very truster buyers

i don't know, now, if Circle can handle that kind of amount, you can try there too
17928  Economy / Speculation / Re: 2016 Halving: Could It Actually Kill BTC? on: April 11, 2015, 02:48:01 PM
Nothing to worry about

The chip developers have a new generation of super chips ready to go

they have been holding them back and as halving arrives the hash will double  Grin

this could explain some of them don't pay the bill, cough gawminer cough, they are investing in new asic generation

I was just thinking this morning, about the reward halving upcoming sometime 2016. Most ppl here are pretty assured that when the halving happens it will guarantee that BTC will increase in value. There have been plenty of guarantees over the last year or so and none have panned out so far. If BTC remains at its current performance level, wouldn't the halving merely drive any miners operating at a thin margin out, make mining not profitable enough for new miners to get in the game and basically slow the network? I understand supply and demand, but demand drives that, not necessarily supply. If no one wants a 200$ btc, it doesn't matter how many there are or how hard they are to mine?

just a shower thought, what's your take? and please, limit your "BTC CAN NEVAR DIE and you sir are a cock!" statements to provable truths, not opinionated speculation please. BTC could die and very well might. I hope not, but that isn't the point of this thread.

What do you think will really happen when the halving comes? anyone thought through any scenarios?

Just look at the history: reward halved once already and the price did not react immediately. Did bitcoin die?

the price reacted before the halving happened, and then after the halving the price continued to climb
17929  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: April 11, 2015, 02:36:16 PM
Buy one and be one a slave for twenty years. If you survive, you can then regret not buying more and retiring earlier.

How many would you say you say it's require to retire in 20 years then?
I also like the idea of having 21 Bitcoin, since only max 1 million people will have 21 Bitcoins, but given BTCs arent distributed evenly it will be even harder to be part of the almighty 21 Group.

the usual target is 100 with a price target of 10k, 100 bitcoin are not that hard to acquire, 10k value instead look almost impossible right now, but the future may hold a good surprise

1M should be enough for many, to retire
17930  Economy / Economics / Re: Why cost of production only started to matter with ASICs on: April 11, 2015, 01:21:38 PM
the main factor is, that amd and nvidia are not interestin in mining, and thus their production cycle is not of few months, they develop new HW every year, much slower than asic's production cycle

if the bitcoin algo had been changed continuosly(a bit extreme to fork everytime but still..) to prevent asic, we would have a much better hash distribution around the world, permitting many people to join the mine's experience without buying costly miners every 4 weeks
Like you said, forking is too extreme of a solution to do that periodically specially later on.
With POW, no matter what you do, at the end you'll always end up with a similar situation like we have now. And thats the point: Difficulty in mining - > more security.

Thats why even with its cons, I trust POW better than the other options.

not exactly, with gpu is very difficult to achieve the current hash, i would say it's impossible with the current amd and nvidia line-up, 1 single s5 antminer is 1000 time more powerful than a gpu(last model), not to mention about wattage....

the current hash would have been reached only in many years, probably around the time where the miners only mine for fees, in other words the hash would have been increase in a steady way and not a boom every month

a better spreading over many years which is also good with the halving that happen every 4 years
17931  Economy / Economics / Re: Is it better to save money or invest it? on: April 11, 2015, 01:10:57 PM
If it was me, I'd save about 50%, invest 25% in Bitcoin, and invest 25% in Gold. This is because the 50% you save would be 'safe', but the investment has the potential to grow, or not do so well.

50% is too high given the riskiness of Bitcoin.
Most planners recommend 0.5-1% in bitcoins.

he said 50% saved not invested in bitcoin, you are looking for 25% and i find 25% about right in bitcoin, but actually i would save only 33% max(50% is too much just for saving), the rest invested in bitcoin and something else(not gold), maybe i'll wait for bitcoin stocks
17932  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: April 11, 2015, 01:08:09 PM
I must admit I am getting very worried, it is under 230 USD now.
When we where at 800, people said that it will never go under 400,
when we where at 400 people said that it will never go under 200.

But 200 looks very realistic, even sub 100.
I don't have too much a stake, but I am affraid that I can not buy my things with bitcoin in the future.

why you are worried? we are already fallen to sub 200, remember the 150-180 range? then we returned fast to the current point

sub 200 isn't that scary, the scary thing abnout it is that it could trigger a sub 100, which can be seen as bitcoin being almost dead
17933  Economy / Economics / Re: US Dollar collapse in 2015? (2) on: April 11, 2015, 01:03:33 PM
no still too early for a thing like that to happen(if it will ever happen), and i'm sure government are working on something to prevent the usd to collapse anyway

if china and japan start dumping their treasury, i might see some panic selling that could cause a collapse or a partial one, but i do not see them doing this, since it can hurt more their economy
17934  Economy / Games and rounds / Re: Easy and free BITCOINS..100% working.. on: April 11, 2015, 12:40:19 PM
same thing , only dust, but the OP is getting many chance to win 1K, another tricky thread about referral...
17935  Economy / Micro Earnings / Re: [ANN] Faucet.Green / Faucet.Blue / Faucet.Red for Bitcoins on: April 11, 2015, 12:23:11 PM
i tried it and i like it, no msg that tells you to disable adb, no stupid ads spam, payment are working, other faucets i tried doesn't pay always even if they tell you that they have sent your money to xxx site

but i would rise the minimum to 500, and do it 500/750/1000
17936  Economy / Marketplace / Re: What are you selling for Bitcoin? What can you buy with B? Discuss and post here on: April 11, 2015, 12:19:43 PM
Planning to sell raw honey with BTC

this is interesting, as i was searching for someone that can sell manuka honey and get payed in bitcoin, if the price is good i could buy some
17937  Economy / Service Discussion / Re: Does it make any sense to cloudmine on: April 11, 2015, 12:14:42 PM
If you can trade well you can purchase GH/s and then sell them when you want for profit. https://bit-x.com allows this.

does selling gh/s really work? i mean i see the price all the time stuck at the same value, or minimal corrections(worth like +/- 1/1000)
17938  Bitcoin / Bitcoin Discussion / Re: State of Bitcoin Q1 2015 (by CoinDesk) on: April 11, 2015, 12:09:00 PM
despite all those investments, the price is still tanking, manipulation is really strong in bitcoin market, no wonder those crazy rise in money injection can't do shit
17939  Economy / Speculation / Re: Support is holding! on: April 11, 2015, 11:23:39 AM
Do you mean you're supporting bitcoin by holding or something else? If so, I agree. I plan to hold my coins for a few years but in the hope I can spend them once they reach their true value. By holding longterm you're essentially taking coins out of circulation so theoretically that should help keep demand up especially if you're accumulating more along the way.

no he mean there is a great support right now, at 230-245 and we won't fall much farther
17940  Bitcoin / Mining speculation / Re: Do you think mining will be profitable again ? on: April 11, 2015, 11:20:51 AM
If/When the price of BTC rises, it will become profitable again, give it time.

actually it wouldn't because the diff will rise too, the only hope is the time between the price increase and the time needed for the diff to rise accordingly, only in that frame you can earn something
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