Sorry guys, I'm completely new to bitcoins and mining. You wanna make me feel stupid, go ahead if it makes you feel better.
Wasn't trying to do that mate, but it says on the Neptune product page when they expect to ship. If you're looking to buy KNC equipment and have it within days, check ebay.com and the merchant section here, but the prices will be staggering. |
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Awesome news! I've been redoing cable bundles here, and am going to find some food. This is nice to hear now that I'm ready to relax a little  Thanks for the hard work. |
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says 117 neptunes still available.
How come they aren't shipping them out ASAP? Still waiting for parts? Uh, they're not even built yet? They're like 2 months away from that. |
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Who cares if you send bitcoin. Bitcoin without conversion into fiat is useless, as 99% of things don't accept it. In the future if you can pay for things with bitcoin then it will have an advantage. Until then transfering without conversion is useless.
It's relevent to the OP. PayPal can be used to send money between people. It takes a chunk out of the money when you do so, regardless of if you pull the actual money out physically. Bitcoin can be used to send money between people, with next to no fee, regardless of if you pull the money out. I dunno bout your exchange experience, but the last time I cashed out several grand of BTC through coinbase, I think the fee was like.. a few bucks. Several grand with paypal would be close to a hundred bucks of fees. I am considering writing an article of the advantages of Bitcoin over Paypal. Answering the question "Why should I use Bitcoin instead of Paypal?" This will serve to help the undecided to take the plunge.
So, why should I use Bitcoin instead of Paypal?
How much research did you do before you posted this question? If you'd done a day or so of extensive research, it would be pretty clear what the pro's and con's are with both alternatives. In the future, before posting, please do research yourself first, then ask if you have intelligent and informed questions that you couldn't find the answer to by googling. I wondering what your 'article' is going to look like if this is the level of effort you put into your 'research'. I'm wagering he wanted real-life personal input/experiences. Better for an article than bullet points. |
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Only reason to use bitcoin is if your a scammer who sell crap or phantom products so there is no way to charge back. Or if you enjoy having the price of your currency fluctaute wildly so you have to become a speculative trader and place your order at the peaks to spend the least amount of btc.
Not to mention fees from different exchanges add up way more than paypal.
The only reason for bitcoin is to scam people? That's insane. Also, paypal charges you 3% average to receive money/payment. When was the last time you made a $1,000 btc transaction and lost 3%? What? Buying bitcoins on whatever exchange with whatever funding cost is already 3%+ converting said bitcoin back into fiat and withdrawing is another 3%+ Unless you can pay for all your things in Bitcoin which for 99% of things you cant. Not talking about buying bitcoin, I'm talking about simply sending or receiving money. If you have a balance on paypal (same as having BTC in an exchange), and you send/recv, there is a 3% minimum loss for at least one of the parties. If you send BTC, nobody is charged anything close to that. |
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Those are used... who knows how many hours. And aren't XFX cards typically worse for Scrpyt than most other brands? I'm mostly just amazed to see 7950s selling for more than 7970s! XFX is one of the least popular brands for scrypt for many reasons. Regarding 7950 price, it's probably because they were the most efficient workhorse at the time, and so people getting into the game late are like "omgz i need 7950s" |
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Only reason to use bitcoin is if your a scammer who sell crap or phantom products so there is no way to charge back. Or if you enjoy having the price of your currency fluctaute wildly so you have to become a speculative trader and place your order at the peaks to spend the least amount of btc.
Not to mention fees from different exchanges add up way more than paypal.
The only reason for bitcoin is to scam people? That's insane. Also, paypal charges you 3% average to receive money/payment. When was the last time you made a $1,000 btc transaction and lost 3%? |
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Some of the projects on the World Community Grid have gpu support. The way it works is that mining is done mostly by gpu and Boinc uses the cpu depending on how much % you tell it to use. Here is Team Gridcoin: http://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=BBNGDQS832I see this is a scrypt coin, but the 'about gridcoin' thing explains that it only uses unused CPU cycles. So is it using a CPU for scrypt? Can you use dedicated GPU farms? When will the linux version be available?
Gotchya, makes sense now. Any idea on linux availability? |
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Why are you constantly bumping a thread where a guy doesn't have any equipment to sell? Stop bumping this. OP should change the title also, to reflect upcoming hardware/gauge interest.
If you leave a completely useless and unrelated message in a thread /\ /\ /\ it's only polite to give the OP a bump. The equipment details are listed in the OP and the delay in shipping was explained. Also the title states "It's a little complicated." Which simply implies BFL. Yeah but you've bumped him already lol.. and yes, the title says that /now/. it didn't a few moments ago. |
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I see this is a scrypt coin, but the 'about gridcoin' thing explains that it only uses unused CPU cycles. So is it using a CPU for scrypt? Can you use dedicated GPU farms? When will the linux version be available?
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All I know is, when I went into IRC once to ask about the payments not coming through, the +o banned me.
Hopped off the pool after that.
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Why are you constantly bumping a thread where a guy doesn't have any equipment to sell? Stop bumping this. OP should change the title also, to reflect upcoming hardware/gauge interest.
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I use paypal a lot, not just for ebay but on other merchant sites as well. I'm a business-class merchant paypal customer, not just the normal user, so keep that in mind when I say this. I've done large transactions, I've done small transactions. They've called me moments after placing a large transaction to verify I was actually meaning to do that (anti-fraud service, which is nice). On the contrary, I've had them freeze small transactions, not call me, and I was unable to reach them for days by phone. I've had my account frozen, I've had transactions held for no apparent reason. Not often, but a few times. I don't keep large amounts of money in my paypal balance just for this reason. In answering the OP question, and since we already know what cryptocurrency is, I think we need to examine: What IS paypal exactly? Here are some short notes on that at a macro level:Financially:- It is a transaction service (fiat to fiat, fiat to balance sheet, etc)
- It is a credit service
- It is a bank/financial company
Functionally:- It is a merchant/retailer exchange/interface/website with many features, which tie the financial services to mobile/internet functionality
- A certified address book / shipment center
- A proof of identity/validity provider
Logistically:- It is usable in many countries, with certain restrictions
- It is centralized, with processing power controlled by itself
- It caters toward the highest bidder--companies and stock holders
- It is involved in politics (politics + financial transactions = bad)
Summary: You can see that at a macro level, it's not much different than cryptocurrency and a crypto exchange (minus the politics), but the detractors would use FUD to say otherwise. Read on.PayPal pros: - Lots of merchants take it, and it makes it easy so you don't have to register an account on some website to buy a product or service
- It ties in your verified shipping addresses, makes checkout quick
- Lets you choose a funding source, easy to add new ones once verified
- Fairly secure
- Easy to integrate into your website or to receive money into your bank account (faster than bitcoin)
- Take card payments manually or by swiping
- Chargebacks (yes, this is a pro for the consumer being ripped off)
- Can pull fiat out of any ATM
- Can put withdrawl and transfer limits in place, based on daily, weekly and monthly allottment (safety measure)
Summary: A lot of this could be handled on an exchange site (for instance, coinbase), on a functionality level.Paypal cons (ones I haven't seen mentioned yet): - They will limit your funding source options at times
- They may limit how much you can pay in one transaction, even if it's below the $10k mark--sometimes it's random
- If your transaction (or the goods/services for it) are challenged, it's tough to work the situation out
- No escrow - they allow chargebacks if someone can prove they've been swindled, but they don't provide an escrow ability to circumvent swindling
- Hard for non-US citizens, or US residents who are legally allowed to be here, to obtain verified accounts (or accounts at all)
- Relating to having a "Balance" in PayPal (money on hand in the paypal account), you can only have one of these balances, you can't easily distribute it between users of the account
- Fees can hurt on large transactions!!!
- If they don't like items, they won't let you use their service for it (example, gun related items are barred from their list of allowable reasons to use their service)
Summary: these cons are overcome by cryptocurrencies, except escrow of courseCryptocurrency solves many of the cons, while not taking away many of the pros ( bold ones are those which really excite me the most): - You are wholly responsible and in full control of all of your assets. Period.
- No overspending, overdraws, fees relating to this, etc
- It doesn't matter what your citizenship status is, nor your age, etc--it's the MOST HUMANITARIAN financial transaction system in the world. It's like having secured cash which can be sent anywhere in the universe within a second.
- Fees are moot
- You can turn any physical object into a wallet, as long as you can put the wallet and key info on it--this is neat. You could laser-engrave a wallet ID in a crystal and give it to someone, and it will HAVE value (anyone wishing to take this idea.. i claim royalty lol)
- It is, by far, the easiest payment/transaction system I have ever used for purchase - at times, no need for me to log in to anything, just enter an address and click a button
- You can view your balance/transactions securely from anywhere, using anything, without the concern for encryption -- just look up your wallet in the blockchain. This is much nicer than worrying about logging into your bank account, especially on questionable networks or in public. This is amazing to me.
- It is decentralized, with processing power spread throughout the globe
- For the time being, those providing the transaction guarantee and security, are being well compensated for their efforts. Even once this isn't the case, the network will be well established and mostly self sustaining. Cryptocurrency-esque stuff is the wave of the future.
- It provides a level of identity security for those who care, but it's not beyond tracability, for those who are afraid of such issues
- There's no question of fund availability
- Transactions are guaranteed and instantaneous
- You control your own balance sheet, and can split it up however you want (multiple wallets, etc)
- No special equipment or software needed to verify funds
- There's no wizard of Oz, man behind the curtain, controlling your money or transactions or anything else
- Merchant interaction is limited only to what can be developed.. just like PayPal was 10 years ago. In its infancy, PayPal was no different than bitcoin now. Too many people (I think, anti-bitcoin people) use FUD to say it's not easy to work with.. it's easier than anything else on the internet!!!
Hopefully this is useful. If I can think of anything else I'll contribute. Will you be doing interviews or anything similar down the road? I'm sure some of us can share our story. (edited to add gun-related bullet point) |
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The racks of my GPUs which I keep at home, thoroughly heat the place lol.. the 3,000sq/ft house I was in up until recently was easily in the 80's regardless of the temperature outside. Same for the new place. The neighbors must wonder what I'm doing, with windows which have several fans constantly blowing air inside the house, even when it's 25..30*F outside.
Haven't had to pay for electricity in months because mining has been doing it for me, especially a professional coin like Tag.
Mining is so much fun. Once you get the equipment to GPU mine, it's amazing. If nothing else, in the right situation, it will pay for your electric. Can't go wrong there.
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I would also take one at BTC1.5. The 60s never did hash at their full rate without some creative tweaking, anyway. My 50Ghash from BFL actually runs faster than my 60Ghash, and uses less power.
Thanks for all the offers - I'm still working on sorting out getting my miners back from BFL and will have to wait a couple of more days prior to confirming the status. I owe them some more money for the returned shipment for sure. Once I know more I will up date the OP. Thought they were 'ready to ship now' ... |
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Sounds like you're the man.
If I can help let me know. I wasn't sure if an extra physical server would help or not, which is why I asked.
Threw my spare miners at DGC. Mine, chomp, hash, mine, chomp, hash.. lol
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Megacoin, sorry forgot to write it.
In my experience, there's always some variance. The coinwarz calculator estimates around 10-11 in ideal circumstances with a solid 900kh for 24 hours. Hopefully ethought will respond soon, he's usually really good about it. Tyvm anyway for the response, sadly my gain was like half of that and thats not really good  Something else to think about, just wait awhile and some more earnings may come through once they've confirmed. |
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Hi OleOle & Naeir.
I'm relatively new to the bot- I've been using it since I think October. I used to use the 'suggested' settings for BTC-e, until one day the bot sold low & bought high because of them, and then I went looking for new settings, and someome on the forums here suggested that I dial down my EMA numbers. Doing so was the best thing I've ever done, because now in backtesting, depending on the day, I can sometimes get over 16,000% profit from my new settings.
So I'll share them with you, and will suggest that you slowly tweak the buy/sell threshold numbers, testing them with backtesting every day or so to see how different numbers affect the settings. Go slow with the adjustments. And try tiny negative numbers in place of the zeros on them.
Short EMA: 7
Long EMA: 15
Frequency: 2 Hours
Buy Thresholds: 0/0.25
Sell Thresholds: 0/0.1
Tick Offset: Anything
I also use bitcoinwisdom.com and enter these EMA numbers into it and set it to display EMA lines so I can watch & see what the bot sees, I find it helps to visualize what's happening. It also helps to visualize new strategies before I test them in the bot by punching the numbers into bitcoinwisdom first, too & seeing where the EMA lines would cross.
So good luck, hopefully these settings will either help or inspire you.
Thanks very much NginUS, while it's one thing for people to comment on what they think the bot does or what they think the market will do over time, it's quite another to share your settings and your ideas for tweaking them, thank you I really appreciate that as it helps my understanding of the changing of settings in the context of the current choppy market and the quite wide range of flexibility that the settings allow. Really appreciate all your comments, guidance and observations. There's no doubt that it's going to be tricky to get the balance right between taking a longer term view to work with the design parameters of the bot over the longer term and honing the settings to take account of the shorter term volatility in the market. You mention that you are constantly backtesting your settings, this does make sense when you get your settings into a 'sweet spot' where you feel that they are adapted nicely to the current market and are making a certain level of profit. I'm nowhere near that 'sweet spot' yet, so I'll review your remarks and the comments that other folks have kindly made and I'm sure that with some time and application I'll be able to make greater sense of it all and fine tune the settings. I also like the idea of being able to visualise things, so I'll take your advice and use bitcoinwisdom to 'paint the EMA pictures'. Thanks very much once again, it's greatly appreciated. If you search you can find lots of settings. I gave NginUS a bunch of my settings to try out, this one looks like a modified one of mine. Glad to see it is helpful. Bitcoinwisdom.com and some math can be very helpful when figuring this out. Actually, Vesperwillow, I came up with these myself, by tweaking EMA values in bitcoinwisdom first to see where the crosses landed on the curves. Your settings scared me away because they were all 15 minutes ffrequency. I thank you nevertheless for sharing your settings with me, as yyour assistance came at a time for me when I was too noob to have the confidence to try new settings on my own. It just so happens that around the same time that you sent me youer settings, I discovered U could visualize the EMA lines on bitcoinwisdom. That set me free since I could see what the numbers were doing to the crosses. That combined with trial & error & backtesting helped me formulate these here settings. I stand humbly corrected, and am glad you have benefited! Yeah I have some short frequency trade settings, and I also have 2-8 hour ones as well. I told Pablo month or 2 ago, there should be a 'settings storage' capability, along with some notes on it. Heck, with enough settings, the bot could have some simple AI to dynamically choose the right settings ... |
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mannn this is a long round, lets hope we get a few fast ones to make up for it when this one is over! Also how does everyone go about selling their bitcoins (if they do)... I won't go into asking whether it's good to hold onto them as that will only start arguments  is there a thread dedicated to the best BTC exchanges or something? n00b question I know! I use coinbase. Their exchange rate is very nice (usually between mtgox and btce) and refreshes frequently. You get money into your account within 2-3 days of selling them. More reliable than any other place I've tried, and they have merchant capabilities, and are actively listening to the user base for suggestions and making improvements. If you're interested in signing up with them (after looking into them), you could use my referral link below. They'll deposit $5USD worth of BTC into your account by using my link. do they work with Bank of America? I seem to recall hearing some banks will close your account or get pissy about anything being transferred in from a bitcoin wallet... Yes just fine, it's one of the accounts I use to buy/sell with. Have had no issues, even with $,$$$ transfers. |
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Anyone thought about building a custom case. I was thinking about a better (non-rack) design which is visually appealing to turn the rig into a spouse friendly space heater, internally mount the PSU (and rats nest of cables) and at the same time improve cooling. ASIC boards are ~5" wide. Optimal airflow would be units side by side in a line. Now put the PSU (on its side) at the end. This would make the case ~24" wide. Standard PSU is about 7.5" deep plus you need some room for routing the cables so say 12". So imagine a wooden box 24" x 12" x 7". The entire front and back would be a grill for improved airflow. The fans includes are pretty crappy so I think by upgrading to some higher airflow (but still low volume) fans one could get rid of the "intake" fans. If needed it should be possible to mount a fan on each side of the heatsink in a push pull config. Excuse my horrible ASIC art but here is a top view. Front and back are mesh screens. Arrows indicate airflow. PSU intake could be on the side of the case or if case is made larger draw flipped 180 to draw from the inside. |---------------------------------|
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| V V V V |
|[ASIC1][ASIC2][ASIC3][ASIC4][PSU]| <--
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| V V V V V |
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Still a rough idea at this point but wondered if anyone had considered something like this? I literally came up with this same idea a month back when looking into the KNC design. Makes it more compact/easier to put in places (especially under a couch haha, blow warm air on your feet). I say go for it. If I can ever get more modules, I might. My mercury wouldn't benefit lol |
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