BTC mining is still profitable. I have a few asics running, they're profitable, just not as much as gpu mining is at this moment.
Do you have free electricity? Otherwise then no they probably aren't. |
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I demand more FUD!.
the price will drop, because they all think it will skyrocket and noobs having no idea, that they are going to lose money in the end. But the question on the table is, "drop from what?" The initial trading price on an exchange is not the same as the final ICO price. It might be lower, true, but it also might be considerably higher. Case in point: Ethereum. Its final ICO price - I checked - was 1'000 ETH per BTC, or a BTC price of 0.001. Did it start trading at that price? If I recall correctly, it started trading at well above 0.001. This is the right answer. |
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This was closer to Gavin's orginal suggestion too. The (an) algorithm isnt going to be perfect, but its going to be better than repeated hard forks (in that it may or may not require repeated hard forks). I'd prefer something that adjusts so we can have a little more time to as we scale up. |
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so this thread is now an AMhash thread like all the others, is it?
I got out of amhash as soon as my 5btc turned into 6btc, like a month in. Its my AM1 shares that I'm mourning here.
how do i get into the chinese social medias that discuss FC, AM, et al?
AMHash is like a bond AM (or whatever other party) owns the investors, so they have to pay back with whatever they left. However, the AM share is just a profit sharing (it's not even the share of the company bit fountain, if I am not wrong). Apparently AM has no liability to pay any dividend as long as there's no profit. Moreover, considering AM has already paid more than 6x of IPO price as the dividend, they really do not own the ( profit sharing) shareholder anything if they choose to close today. I know it's really unfair for those bought AM shares at high price, but the reality is the reality. Umm, no thats not how it works. The shareholders collectively own all of AM assets. If AM closed today they have to liquidate those assets and return remaining the capital to the shareholders. Unlike the complex situation with AMHash, all AM assets are owned by just one company, which makes litigation easier if they did anything outside of the best interests for the shareholders. You can go to page 1 and read the first post. It was clearly written AM belongs completely to the investors of Bitfountain (not investors of AMHASH). The AM share holders just have the right to get the mining profit. and sales profits. most of what was sitting in FC's wallet. FC spending the contents of said wallet is embezzlement. AMhash is another thread. Yes, plus sales profit. But profit != revenue. No but all current company assets, minus liabilities, are profit. Which is what is meant by liquidation. |
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so this thread is now an AMhash thread like all the others, is it?
I got out of amhash as soon as my 5btc turned into 6btc, like a month in. Its my AM1 shares that I'm mourning here.
how do i get into the chinese social medias that discuss FC, AM, et al?
AMHash is like a bond AM (or whatever other party) owns the investors, so they have to pay back with whatever they left. However, the AM share is just a profit sharing (it's not even the share of the company bit fountain, if I am not wrong). Apparently AM has no liability to pay any dividend as long as there's no profit. Moreover, considering AM has already paid more than 6x of IPO price as the dividend, they really do not own the ( profit sharing) shareholder anything if they choose to close today. I know it's really unfair for those bought AM shares at high price, but the reality is the reality. Umm, no thats not how it works. The shareholders collectively own all of AM assets. If AM closed today they have to liquidate those assets and return remaining the capital to the shareholders. Unlike the complex situation with AMHash, all AM assets are owned by just one company, which makes litigation easier if they did anything outside of the best interests for the shareholders. |
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any dividend payment of any size would be a good sign
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AM is worth more than $56,000,000 because AM is about to deploy 60% of the global hash rate and will have a PE of around 5-6. For a startup in a new sector, thats sexy as fuck.
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There is way too much competition for anyone who has to pay for their hardware or electricity.
If that were true then the hashrate wouldn't be increasing at its current rate. Wrong, existing hardware which is not profitable is still coming online to limit its loss and will continue to do so for months, which in turn will increase the hashrate. The truth is mining is not profitable for the non industrial miner, and just wont be any more, ever, unless mining equipment is sold in fiat and can generate a BTC positive return after factoring in difficulty increases. |
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Ok so here's the new much faster setup, I've found a way to set these things up in under 10 seconds.
You plug it in, you hit the reset button for 3 seconds, you power cycle it,
this switches the local IP to 192.168.1.99 (from 192.168.2.99), changes the fake lan to DHCP (required) and apparently fixes DNS and fixes NTPD problems that i was also having
You then update pool information (miner configuration tab) and change the local WAN ip address ( network tab, in my case to 192.168.1.3).
Its really fast and much easier than dealing with the 192.168.2 subnet and having to mess with NTPD and DNS in an SSH shell
Definitely going in a video im going to make.
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Ok ! Thanks for all the help ! It worked.
Ok, I think I even know what I did...
I downloaded the Advanced IP scanner, turned off the wife's computer. Then I ran the network scan with the IP scanner. It had somehow set itself to 192.168.1.99, after I had held down the little black reset button for 3 seconds.
Weird I know.
I beleive that was the default set into the reset feature. The reason its confusing is because the machine comes with an IP address that is 192.168.2.99, but after hitting the reset button the IP address becomes 192.168.1.99 Also some other new changes are made after hitting the reset button, such as (the fake) LAN is switched to DHCP. It turns out that using the reset button is a faster way to originally set the devices up, provided that 192.168.1.99 is open on your network. |
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Sushi, I've emailed you twice, please contact me.
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addendum: The above is based on a current market evaluation of AM at 10% of mining revenue, giving AM a valuation of 800,000 btc. That makes the current AM shares rather cheap... I recommend loading up on them up to a point which you're comfortable with... (based on the ratio above)
I still have faith in Friedcat, but I do not see how it is possible to mine/sell/franchise an average of 10% of the network starting in 2.5 months using 40nm tech. My valuation of AM has always been based on this goal, and while I will never bet against Friedcat, it seems difficult to produce that much HW at this point. |
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Please put me down for 3 units. Thank you.
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paid: 743b262c99b77ce837b108cb3fecdb2d435468bcc5ac4842782f18e469e8f826
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Check the timestamps. The auction is over.
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2 @ 4.5  This bid missed the cut off. The auction is over. |
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wow, it's amazing more units were available and even higher prices.
you think a real manufacturer who wanted a real long term business would seriously do this? I'm not going to answer this, and I can see where the USB prices are heading.
oh wait another week. oh we have problem. just another couple days. and on and on and on...
Just pure GREED.
if you had 120 units what would you do? sell them all to a single reseller for 2BTC each, or pull an avalon and ask for 5.5BTC each? or would you do this, and let people decide what they will willingly pay for it? last i checked thats not greed, its good business Depends on how many more I was going to make and how quickly I was going to make them. Long term relationship building can trump short term maximizations. |
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wow, it's amazing more units were available and even higher prices.
you think a real manufacturer who wanted a real long term business would seriously do this? I'm not going to answer this, and I can see where the USB prices are heading.
oh wait another week. oh we have problem. just another couple days. and on and on and on...
Just pure GREED.
Its obvious production is limited. While I don't think trying to squeeze every last coin out through multiple auctions leaves a good taste in people's mouths, it will probably be a set price when they can produce thousands. At least I hope so because otherwise I'm not to sure about the business plan. |
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I am lowering my bid back to 4.0btc each for 4 units. It's a dutch auction.. google it [/quote] Nice of you to make yourself look like a jackass...its a uniform price auction, not a dutch auction. Google that. Here is a wikipedia link http://en.wikipedia.org/wiki/Uniform_price_auctionSecondly, if you guys have not noticed, Sushi is silently updating the bid amounts and quantities without other users posting in this thread. If he can do that, that means those people's bids who have changed are technically after all other bids at the price. "Specify both a price and a max quantity, if you want to bid for 2 units, 3.5 BTC each --> 2 @ 3.5
When you post a bid, the bids in your previous posts are considered to be automatically canceled.
If two people bid at the same price, the person who bid first will win miner first. "By those rules geheimdienst and others are technically cancelling their bid. each time they update their quantity. Therefore they are after the others who have bid at the same price level. I will raise my bid to 4 @ 4.25 btc. [/quote] Who has been changed? I thought it was just the total remaining. |
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