Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.
I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde. I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while. Most likely the reason why Bitmain holds so much BCH is because they got greedy and didn't sell at $3000-4000 last year when Coinbase added it. I am sure they sold it in small quantities but not enough. They were probably expecting $10000 BCH and were going to sell it done. Their BTC they probably sold way too early and didn't get a chance to sell at $20K. The WU is a pretty smart individual but everyone makes bad investment decisions from time to time. Does anyone actually know how much BCH Bitmain holds? The reports of Bitmain's financial demise have all been speculation, and mostly coming from opponents in the recent fork. I'm sure they hold plenty of crypto but without a doubt Bitmain has sold a substantial amount. They aren't paying their distributors, shippers, employees, rent, and taxes in crypto. Holding an extreme amount of cash reserves in a volatile crypto would certainly be a fools errand. They used a lot of bch mixer accounts hard to tell. I do know they had 110,000 btc Jan 2017 which also means they had 110,000 bch after it forked from btc. Those major btc holding accounts are only 2,000 to 3,800 As of nov 2018. Now they sold some off but lots of mixing accounts were used. It is next to impossible to know if they are solvent broke or ready to exit with tons of coins turned to cash. |
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Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.
I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde. I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while. Most likely the reason why Bitmain holds so much BCH is because they got greedy and didn't sell at $3000-4000 last year when Coinbase added it. I am sure they sold it in small quantities but not enough. They were probably expecting $10000 BCH and were going to sell it done. Their BTC they probably sold way too early and didn't get a chance to sell at $20K. The WU is a pretty smart individual but everyone makes bad investment decisions from time to time. and he may still be chasing that. If so he will fuck up some more. |
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just think about how much BTC you can buy now if you sold BTC at 15k and above? we are venturing to around x5 amount of BTC.
if you sold 5 BTC back then, now you can have 25 BTC...kinda venturing to irresistible levels now, from my point of view..
if you sold at 16k and bought back at 2k (if ever we got there), that's x8 amount of BTC...if you sold 5 BTC back then you can now get 40 BTC...now that's a winner hehe
if you are starting to buy now and average down if BTC goes down more...you'll never loose
if my aunt had balls, she'd be my uncle.  No if my grandma had balls she’d be my grandad |
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I asked the mods to move it. |
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from what i heard, they took a poll/vote as to releasing the hardware without the software, or wait till the software was done and then ship. i never saw that poll but i would rather have the hardware 1st, as then i was able to test fit stuff and install drivers etc. also, if the hardware is in customers hands, they cant be accused of mining on them while delays (real or imagined) happen.
but i do know what you mean. could of been handled better but hey it is what it is. those who wanted refunds got them.
messing with the alpha stuff is fun (to me at least) but yeah, hardware that more or less just sits there and blinks lights at you while producing nothing isnt the greatest advertisement for a company.
I would 100% have voted yes for such a pool, but the fact that i was not told by email, or their website that there was a pool, and thereby not allowed to put in my vote, again just tells me its too closed. I love messing with alpha stuff, but when the customers have to beg others for a link to a private discord with all the info they need from the company they bought from, the fun goes away, they could have been open about this and just given us that link manny months ago, I feel like the best i can do now is not open the packaging it will just degrade my posible selling price. I may buy them from you what do you have? |
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So the stand alone 215x spends how much power and earns how much coin
not sure on power (it can be over/underclocked but i heard 10 to 15 watts somewhere) but its showing like 12 cents USD a day each at the zen protocol mining pool lol. im running just over stock.. 260 vs 250. this is after all just a quick and dirty test miner to work bugs out (there do seem to be some). gpuhoarder is messing with the bitstream right now. im sure it will do more with more algos and tuning. and of course who knows what kinda difference it will make when its boosting gpus. i will keep this updated as i go. btw never mined zen before this.. its the only algo the 215+ has a bitstream for at the moment. i also have a 101 but no bitstream exists for it right now. basically as soon as you fire the miner up it hunts down your acorns and flashes the new bitstreams to it before it starts mining. pretty straightforward. runs around 60-65C at 260. and very quiet. as for temps i heard around 80C is ok but thats not official that i know of i just heard it mentioned on discord. Is it not that some people have bricked Acorns after experimenting with new software. Theer is talk about flashing Acorn for "Stand Alone Mining" or GPU Assist (details on Discord)? What surprises me is that people are basically troubleshooting the bit stream that is just in alpha stage. There is no prospect for SQRL miner next week, I think. Some people obviously like this type of project. NO one is talking about any gains or ROI. I took the refund because I felt they would not have good software ready for me or anyone else. |
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I’m not arguing your call although you predicted consolidation not a bubble bursting. But you were right about a top.
yeah I could not see diff going up anymore. but I did not fully see drop to 3450 coming I thought it would or could mirror ltc in terms of diff which it did. I was not as sure about price drop to under 3500. Sometimes it is hard to fully explain my thoughts in blog form as it can get to long and boring to read. But we are pretty much on the same page to a certain degree. I still see more drop in diff and maybe price goes down to 2700-2900. I am ready for a price to down to that number or for that matter to go back up to 5000-5500. I do not see this year with a price that high. |
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Pictures and screen shots please
here ya go.. sorry about the real crappy photos also this is an alpha miner, just for 215+ in stand alone mode. no boost to gpus. more a "get something out the door" kinda thing. acorn 215+ in nest4x on onda D8P  acorn 215+ in nest4x in gigabyte Z97X  acorn and zenemy mining on the onda  acorn mining alone on the Z97X  So the stand alone 215x spends how much power and earns how much coin |
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Bump
Well I get deleted and altered in btc hardware also moved. I would estimate I have had 100 deletions and 200 modifications of my hardware posts. HagssFinn has also been deleted and or modified many times. Frodocooper does this to all of us in hardware. Vosk no longer posts in the section as he was deleted so often he gave up. |
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gpuhoarder now has a standalone alpha miner out for the 215+, alpha 0.11c. running on my two rigs at zenprotocolpool.
it has begun!
find the miner on discord.
Nice an actual one in the field working . Pictures and screen shots please |
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Good video. Touches on the new tariff for USA buyers.
Or you could be like me I ordered 80000 in gear prior to tariff but it now seems I owe 2.6 % on all that gear. This goes back to 2013 in my case. I estimate I paid on 1/2 that gear.
So 2.6 % on 40000 could be a further payment I owe.
That is about 1000 not that bad. But. Part of the billing was done in btc. So back when btc was 400 a coin I spent 25 coins. That is only 10 k. Of the 40000 k I owe the tax on.
So what do I do if they say those coins are worth 4 k each or worse 20k .
At 4K x 25 = 100000 x 2.6% or 2600 at 20k a coin that is 25 x 20000= 500,000 x 2.6% that is 13000
So.
1000 most likely this bill will show up and is close to what I owe
2600 I would fight this as I know I don’t owe this
13000 I would fight this harder as this would hurt.
So for me how do i justify more purchases from China .
As I have an unknown debt 1000 to 13000.
A possible legal fight if billed wrong.
And if I buy from China now I will be subject to 27.6% on all new gear.
Take a guy like me and multiply this by 10000 since many USA guys do more business then me. And no one buys China gear.
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@ windjc the entire BTC/sha256 hash shift was called as perfectly as possible by my thread which started on OCT 4th which was the peak difficulty Difficulty History
Date Difficulty Change Hash Rate
Nov 16 2018 6,653,303,141,405 -7.39% 47,626,199,005 GH/s
Nov 01 2018 7,184,404,942,701 0.02% 51,427,973,784 GH/s
Oct 18 2018 7,182,852,313,938 -3.65% 51,416,859,634 GH/s
Oct 04 2018 7,454,968,648,263 4.23% 53,364,744,228 GH/s [I started this thread on this day]
Sep 20 2018 7,152,633,351,906 1.90% 51,200,543,878 GH/s
Sep 07 2018 7,019,199,231,177 4.34% 50,245,385,237 GH/s
Aug 24 2018 6,727,225,469,722 5.29% 48,155,355,642 GH/s
Aug 11 2018 6,389,316,883,511 7.39% 45,736,511,764 GH/s
I like to think my timing pretty much spot on. We can argue defining terms all you want bro, but I pretty much called it on the exact correct day to call it. Whether you want to blame a long list of factors (which is correct) Oct 4 was the turning point. Who knows maybe this thread is the true factor of the hash slump  ( a joke) I can only say I will be buying some more coin soon. |
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all of crypto was worth around 1,200,000,000,000 last december all of crypto is worth around $122,967,315,733 this November. worse then the 90% drop is so many weaknesses have been exposed I am not sure what the recovery will be like. Current Pace: 88.6529% (1093 / 1232.90 expected, 139.9 behind)...
Next Difficulty: between 5902106593776 and 6045176267615...
Next Difficulty Change: between -11.2906% and -9.1402%...
Next difficulty
Current difficulty: 6,653,303,141,406
Next difficulty estimate: 5,995,503,655,927 -9.89%
Bitcoin Difficulty: 6,653,303,141,405
Estimated Next Difficulty: 6,125,543,936,374 (-7.93%)
Adjust time: After 924 Blocks, About 7.3 days
Hashrate(?): 42,132,652,815 GH/s
gray line shows an uptick  most likely due to bch and its fork getting crushed |
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Canaan is probably the best manufacturer price wise to drive entry in to the US. They just need to produce the hardware that will compete. Honestly, i started the group buy thread cause we can get a sick deal on the 32T but now that market is dipped we'll see how many we can get. We just can't advertise it. With the tariff it still hurts but is much easier to soak in bulk.
Canaan will have something, I wouldn't want to rush them but I know we're all anxious in the states for something fierce that will priced well. Honestly I think Canaan will pioneer pricing for the US as no one is going to drop over 1.5k on an asic in the US right now unless ROI is extremely attractive.
Yeah the innosilicon which does 2100 watts and 43 th costs over 3k after the tax. Basically too high. I have three s9s that cost me under 1k. Same hash rate but 2k cheaper. I have a good deal hosting them I pay 4 cents. About 130 usd a month . I can mine them for 15 months at 1950. So buying new gear is really hard for me to justify. |
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where do you lookup the realtime mining difficulty, and what pools are you guys mining at?
3 sites for difficulty. https://bitcoinwisdom.com/bitcoin/difficultythe other two are in the thread above. i mine btc at ckpool.org ------------------ about 100 th partners with someone solo.ckpool.org--------------- about 42 th just for me mmpool.com ----------------- about 1 to 50 th varies http://www.bravo-mining.com/ --- some side hack sticks under 200 gh I mine with cpus and gpus other coins. As for toward trend in price nov 2013 1300 jan 2015 175 multiple reasons mt got and the bitmain vs spondollies price war this drop is jan dec 2017 19990 to 3675 bitmain once again has been a large factor in it. the details of what I know they do are bad but what i don't know is most likely true and bigger reason why it has happened. It kind of belongs here and in the is bitmain going belly up thread. I can list the facts we do know I can also mention what bitmain may have done ie hashnest was so wrong on a fiscal level it is truly sad. No transparency on what gear was really mining . Ie s-7 rates to the shareholder and they mined with s-9 ie s -9 rates to the share holder and they mined with s-11 or s-9j zero proof of these claims but the gear existed side by side for 2 years in the case of s-7 and s-9 that is true. So if all the s-7's were replaced with s-9's the owner of s-7 hash would pay s-7 rates and bitmain would only have s-9's no proof this was done. but nothing to dispel this for 2 years. so it should not have been done s-7's should not have been allowed to run at hash nest while s-9's ran there, Just too easy for huge flash power charges to happen. |
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MOTHERF$@&
Would be a freakin' marvellous time to buy if I didn't need to *increase* liquid capital right now.
Diff is looking to go down a lot you have anything mining for yourself? |
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For what it's worth, another step down in BTC price. Last quote from coinbase: $3757.
nice I will buy some. edit I just purchased some at 3675. I have more cash set aside for next drop |
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purchased a little btc today not much
Yes it's a great price to buy some BTC, even if it turns out not to be the bottom. It has reached the point where I've shut down most of my rigs and will just buy certain coins with fiat because the prices right now are at a bargain compared to beginning of 2017. I know some prefer mining because they got low electricity rates and it seems like a safer alternative than buying the coins outright but you need to understand that what-if next month the coins all start to rally. Then the difficulty will go back up again because everybody will turn on their rigs and you will miss out on acquiring a fair amount of coins. I've actually never thought we would see the day of ETH at pretty much $100 a coin again. Took me basically forever to mine an ETH with my current rigs, rather just sell 1 GPU and buy 1 ETH. I grabbed .15 btc and have more cash set aside if we go under 4000 |
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