Well, mine arrived. Pretty darned quiet and low temps, even with a bit of overclocking. I think these can climb pretty high OC wise, especially in an environment where noise isn't an issue...
So far I haven't been able to run it on any pools other than antpool, though, which sucks. 0 shares on nanopool for ZEC and suprnova pools for ZEC, ZCL, and BTG, on 10-20 minutes each, even though all three read as alive (all shares get rejected). Instant 10 shares while revving up on antpool. Guess I'll leave it there for now.
Too bad that I live in an apartment, so these ASICS are probably not going to work for me. Unless the Z9 is about as noisy as the GPU fan on my 1070. That is all that I can tolerate. At stock, once it's done booting (about half to 2/3 the noise of an A3), it quiets to a whisper. Honestly I think it would be fine in an apartment, I have it running overclocked in my living room right now and my GPU rig is louder... Very tempted to try. However, the available batch doesn't ship out until late August or September. May have difficulty achieving ROI with that late date. Especially if all the Equihash coins start forking to new algo. That's what I get for not striking while the iron is hot.(However, the noise concern wasn't resolved until today.) |
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Well, mine arrived. Pretty darned quiet and low temps, even with a bit of overclocking. I think these can climb pretty high OC wise, especially in an environment where noise isn't an issue...
So far I haven't been able to run it on any pools other than antpool, though, which sucks. 0 shares on nanopool for ZEC and suprnova pools for ZEC, ZCL, and BTG, on 10-20 minutes each, even though all three read as alive (all shares get rejected). Instant 10 shares while revving up on antpool. Guess I'll leave it there for now.
Too bad that I live in an apartment, so these ASICS are probably not going to work for me. Unless the Z9 is about as noisy as the GPU fan on my 1070. That is all that I can tolerate. |
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Yet the speed-up of the proof-of-work is 17 billion times faster which is sufficient to replace the entire chain in a nanosecond!
Even a quantum computer takes over 2^45 operations to rewrite the chain which has accumulated work of 2^89 hashes. Even at a generous single cycle double SHA computation and 1 Ghz quantum cycle time this will take 2^15 seconds. That's about 10 hours rather than a nanosecond. Well, let's hope there are at least two white hats building on top of the BTC blockchain with their Quantum rig before 1 black hat decides to rewrite the entire chain in 10 hours. Also, wouldn't it take longer since every 2016 blocks, the difficulty of the clandestine network would go up 4x until it took them approximately 10 minutes to mine a block? I would think they would have to make sure not to run full blast, so that the difficulty wouldn't climb so dramatically. According to my calculations, if they ran full blast, by the time they get to block 46369, it would take their rig the 10 full minutes on average to find a block. |
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i would suggest some equihash or x16r or x16j coin...its good for nvidia...
for everything else just do some research here in the forum
The gravy train for equihash is about to end for GPU. Bitmain's Z9 miner already starting to ship. I'm sure Bitmain also has their own Z9 farms ready to be switched online, using the recent "shipments" as cover fo the increased hash rate. yeah sorry...im amd miner so i dont follow equihash stuff  wasnt some coins supposed to fork anti asic? I'm not quite sure if any are forking immediately. It appears ZEC stand is they are going to make researching ASIC resistance a priority, whatever that means. |
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i would suggest some equihash or x16r or x16j coin...its good for nvidia...
for everything else just do some research here in the forum
The gravy train for equihash is about to end for GPU. Bitmain's Z9 miner already starting to ship. I'm sure Bitmain also has their own Z9 farms ready to be switched online, using the recent "shipments" as cover fo the increased hash rate. |
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here we go edit, was just a wick up will break 7600 tonight for sure Need a whale to give this a little more push to let the stops and bots do their thang.  |
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Where does a cockroach r0ach hide in winter bull season?
Bitcoin's looking bullish; as soon as we go on a run, people like realr0ach will go away.
A bull market will not deter realr0ach. Just like a roach, he is tenacious. During a bull run, we are bound to hear the exact same arguments again and again. We will also hear much about Bitfinex painting the tape with Tethers. R0ach used to be a trader. However, I believe that he was turned off by the bullshit he perceived as happening with Bitfinex. When Bitfinex has "hacked" in late 2016, I think that was the final straw for him. Perhaps if Bitfinex would just go belly up, that would make R0ach go away. However, there are a lot more players in this space pulling some dubious shit, so I doubt it. |
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Indeed, I've never understood the "limited" argument with gold. When we become a galactic-faring species, there will be such an abundance of gold in asteroids that it will become more common than water. Bitcoin on the other hand has a hard cap of 21 million units. No matter how great and intelligent we become as a species, not everyone will have access to an entire bitcoin.
There are a few flaws with your argument. Gold will never be more common than water. The abundance of water in the universe is much greater than gold. As the human race expands, we will always find way more water than gold. Furthermore, if you took all the asteroids in our solar system, the combined mass would be less than the Earth. It will probably become way more economical for us to start mining the sea bottom for gold than to mine asteroids. Also, due to the fact that we can only communicate at the speed of light, this prevents the Bitcoin network from expanding much beyond Earth. Quantum entanglement communication devices cannot be made for the simple fact that as soon as you try to force a particle to certain state, it is no longer entangled with the other particle. If you set up a colony on the nearest star, it would take 4 years for your transaction to be communicated to the nodes back on Earth. The only way that you could get Bitcoin to reasonably work with such vast distances would be to run your own fork. Some interesting points you raise. I don't doubt that whatever planets we colonize or mine in the future will have more gold than earth, so perhaps not asteroids but nevertheless there will be an abundance of gold in space with a technically unlimited maximum supply. I'm of the opinion that in 5,000 years or so from now we'll find a way to do faster-than-light communication, considering our understanding in physics has only boomed over the last 200 or so years. Science has a habit of always thinking "now we get it" only for newer theories to come to light and replace older ones. Surely this will happen with quantum physics as well. In the event it doesn't, what's your opinion about using something such as a Tangle? Which could record and verify transactions off the main network and add them back to it later when they connect again? When you say a Tangle, do you mean something like what Iota and Byteball use? That may actually work, but only when the block reward is zero and miners are only mining for transaction fees. Also, it is possible that new physics may allow for a way to have superluminal communications. However, it is also possible that the laws of nature do not allow for this no matter what we do. |
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I just went long 7360
Good timing. |
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Indeed, I've never understood the "limited" argument with gold. When we become a galactic-faring species, there will be such an abundance of gold in asteroids that it will become more common than water. Bitcoin on the other hand has a hard cap of 21 million units. No matter how great and intelligent we become as a species, not everyone will have access to an entire bitcoin.
There are a few flaws with your argument. Gold will never be more common than water. The abundance of water in the universe is much greater than gold. As the human race expands, we will always find way more water than gold. Furthermore, if you took all the asteroids in our solar system, the combined mass would be less than the Earth. It will probably become way more economical for us to start mining the sea bottom for gold than to mine asteroids. Also, due to the fact that we can only communicate at the speed of light, this prevents the Bitcoin network from expanding much beyond Earth. Quantum entanglement communication devices cannot be made for the simple fact that as soon as you try to force a particle to certain state, it is no longer entangled with the other particle. If you set up a colony on the nearest star, it would take 4 years for your transaction to be communicated to the nodes back on Earth. The only way that you could get Bitcoin to reasonably work with such vast distances would be to run your own fork. |
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Are there any other POS/MN without POW out there?
Since MN will compete with staking directly, a very large number of coins will be locked on MN instead of staking, unlike pure POS coins where all the (hodled) coins would be staking.
It just occurred to me that this combination might be dangerous for double spending attacks as there will be periods where the staking coins will be very low in number.
I might be paranoid but has anyone else considered this?
the see saw mechanism is supposed to help out with this. When the amount of coins staking is low, the portion the staking gets from the block reward increases. I believe PIVX is a POS/MN coin, now. |
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Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.
What happened with Polo? They are requiring that the legacy accounts get verified. (All new accounts require verification from the get go for several months now.) If you do not get your account verified than all functionality is disabled until you do. People are now having a cow because withdrawal is also disabled. So if you have funds on Poloniex and refuse to get verified, you are SOL. Edit: It appears some people have gone ahead and got verified, received an e-mail stating that it went through, but the functionality is still disabled. Not sure if it is a simple fix like clearing the browser cache. |
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I am thinking that these bearwhales are looking to push this price down to about the $68xx range until they are satisfied. Hope they don't have the ammo to push even lower than that.
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I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new s9's (and equivalent) plugged in, their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not. That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts: https://whattomine.com/asichttps://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-charthttps://diff.cryptothis.com/Why would Bitmain be forced to pump the price up? It has been quite sometime since the S9 came out. I am quite certain that they have already developed the next generation of ASIC chip and are mining with those for themselves. If not, they are probably pretty far along the process. Also, BCH is basically Jihan Wu's creation. If Bitmain isn't far along creating a better ASIC chip, or the new chip isn't enough an improvement, I suspect Bitmain is more likely to prop up the price of BCH rather than BTC. We will see. The reason Bitmain is now so dominate in the mining sector is because they were one of the few that managed to survive and thrive after the 2014/2015 bear market. The development of new generation asic takes months and millions of investment. Let's say that Jihan will be ready to produce the next s11 with the 10nm Samsung chip in 2019. If the price of Bitcoin is the same, all s9's will be useless in 6 months tops from now. How are all supposed to start buying the new devices, provided that they didn't return their money for s9s? (43% increase for the last 3 monts speaks of the number of new devices bought). Even with s11, in 2019 their profit will be near 0, so to speak DOA. Who will buy a 3000$ device with a near 0 profit and old devices with no ROI? Regarding the BCH - the hashrate is 10x less. Any increase in the price of BCH attracts miners, raises the difficulty (remember it is daily adjusted) and the profit is the same as with mining bitcoin. We had a fresh example - BCH price was 5x pumped but the profit was only equal to the profit of bitcoin - 10-50% during the pump. Only if the price of BCH is 10x compared to the present, the profit may become bigger permanently. This is ridiculous btw. So most of the miners will prefer to hold and even buy bitcoins in order to reach better price. With or without Jihan - they need at least 4x times increase i.e. around 30K price, to keep the hopes of ROI and further profit. Bitmain probably doesn't give a shit about the plight of the miners that they sell their product to. Bitmain has their own huge mining farms and I suspect that they put the latest and the greatest of their ASICS to good use well before releasing them to the public. When Bitmain finally releases a product to the public, they are basically only throwing the rest of us a bone. Probably to make them feel like they are the good guys.  You are probably correct that it doesn't make much sense to pump up BCH, since their current difficulty algo changes with every single block. I doubt that they have the resources necessary to actually have BCH overtake BTC. Ver, faketoshi and Wu sure have been giving it their best shot for almost 11 months now and have still are not even close to succeeding. |
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I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new s9's (and equivalent) plugged in, their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not. That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts: https://whattomine.com/asichttps://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-charthttps://diff.cryptothis.com/Why would Bitmain be forced to pump the price up? It has been quite some time since the S9 came out. I am quite certain that they have already developed the next generation of ASIC chip and are mining with those for themselves. If not, they are probably pretty far along the process. Also, BCH is basically Jihan Wu's creation. If Bitmain isn't far along creating a better ASIC chip, or the new chip isn't enough an improvement, I suspect Bitmain is more likely to prop up the price of BCH rather than BTC. We will see. The reason Bitmain is now so dominate in the mining sector is because they were one of the few that managed to survive and thrive after the 2014/2015 bear market. |
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i am planning on mining zcash, i am wondering if there is a fork for Zcash with the new bitmain equihash miner?
My understanding is that they are going to be researching it. However, no definite plans on an algo change are out yet. If you plan on going to Z9 route, you have a good chance that you won't be buying a brick by the time you get delivery. The current available batch doesn't start shipping out until August 24th. https://shop.bitmain.com/product/detail?pid=00020180516100211649AUOpGcK4066DYou can mine it now for profit if you have a Nvidia GPU rig with the 10XX series. However, I am not sure you will have long to mine with a GPU since the 1st Z9 batch starts shipping in June, I believe. |
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From May, 31 till approximately August, 31 we will switch to "limited service" mode for summer vacations.
I would avise all C-cex customers to withdraw their assets from this terrible exchange ASAP - unless you want your coins locked/lost for a minimum of 3 months & zero support (again). I would, but the 30K sats that I have on there is below the withdrawal fee. I suppose that I could convert to another asset and withdraw. However, the amount is a bit small to be overly concerned about. I already had to open a ticket recently to have them unlock my inactive account. Maybe I will concern myself more when and if the BTC market breaks out of the current bear cycle. |
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50 years old without any savings, god daym, this story is sad as fuck.
You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
I did all of that but in the end, didn't stick with it and cashed out. I even cashed out an IRA long ago, and paid the stiff penalty. But I thought that I had life to live and habits to feed. Then with my current employer, who I have been with for 15 years, has offered a 401K that I never opted in because they did not guarantee a match, only would match if they made a profit. I figured, "why just lock up my money and end up just cashing out again and paying Uncle Sam that damn penalty?" Turns out my employer ended up matching every single year, so in retrospect; it was a bad decision drawn out over many years. A couple of years ago, my employer started to guarantee the match and made the plan opt out rather than opt in. So, I've been contributing since then. So far, when I check my balance, the amount accumulated looks rather paltry. It's only about 2 1/2 months of my current gross income. However, it has only been two years, so maybe time will be my friend if I just stick with it and keep my foolish and greedy little paws off of it. |
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Do you really get rekt every time, bones, or is it just preventive whining?
(You're free not to answer this, of course. It's just a cocky opening.)
I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.
I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.
To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM. Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50. I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely. I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party. No point liquidating now (RSI is almost 30) if you have less than 1 BTC. If its any consolation, most of the world lives paycheque to paycheque. I also have less than 1 BTC. I'm just bitching. Now that I have had my cathartic experience, I feel better now. Part of the bleak outlook is that two years ago my partner had a small inheritance. We've been living in gravy, (well to us it was gravy) for the past two years. But that is mostly gone now. Only 1k left of that. Plus, my partner just had a hernia surgery a little over a week ago. So he hasn't been working this month due to the hernia and will probably not be working for most of June. Unfortunately, he works for himself, so no vacation or sick time to fall back on for him. I'm sure that by July he will be back to work. He's starting to feel the financial pinch as well, so maybe he will be motivated to take on another customer or two. Furthermore, we both share a habit that is rather expensive. We both smoke cigarettes. That's 450.00 per month to ruin our heath and make our clothes, our apartment and our car reek of cigarette smell. One of our friends won't even step foot in our apartment due to the stench. So far, the both of us have had brief conversations resolving to quit, someday; then we each proceed to light up another one. Unfortunately, it's probably not going to work too well if one of us tries to quit and the other keeps smoking like a chimney. We will see. |
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socialist gobldegook
fuck man that makes my head hurt...fuck all that Well, if you don't like that, you can opt for Medicare part C, and get a Medicare Advantage plan. The premium you pay for Medicare part B and part D goes directly to the insurance company of your choice. Depending on how good the coverage is, they may charge you a bit extra. The low end plans don't charge any extra. You can carefully pick a plan that will best suit your needs. Just be careful. Although many aspects of the coverage may be better than what you would get by having the straight government plan, some are worse. For example, with straight Medicare, the copay for a medically necessary ambulance trip is between $80-150.00. With most Medicare Advantage plans, the copay is between $200 and $300. However, in the end, it is probably a better customer experience for you. Usually dealing with corporate bullshit and red tape is less stressful than dealing with government bullshit and red tape. To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM.
Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50.
I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely.
I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.
oh man...dude feeling it, I am similar age, seemed like we had it going on for a minute there, now its back to attics and crawlspaces, and the alcohol doesn't dull the pain like it used to. I gave up drinking 9 years ago. However, these charts are making a trip to the liquor store seem like a really good idea. |
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