Now before you say 'duh miners of course' , I would like to ask , when people mine , they get what? 12.5 bitcoins per block? 25 btc? whatever , they get something from the 'unmined bitcoins' part .
Why do we also have to pay them certain amount to send something to other people? If we have to pay something for the sake of involving in a technical detail which I am too far away of understanding , why are we not paying just 1 satoshi?
Considering all the transactions everyday all day , miners probably started to make more money from miners fee rather then mining unmined coins. 4 cent could be little for one person but when all combined in everywhere , it is huge.
The pool that solved it get's the block reward + fee's. Some pools treat it different though. Look at antpool they are 2.5 percent on PPS and keep all transaction fees for the pool. Compare to F2 it is 4.5 PPS but you get merged mining and fees. So in a sense the miners do get it. But can very based on pool. |
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^ that's the message you get when your account gets locked. it does say you're banned, but you are still able to post outside of this thread. a ban message is in red.
To be specific it is the message you get when you reset via secret question. It's been like that for a while ever since forum DB was taken. Ever since reset via email is only way. I wish it warned people about secret question not to use. But it does not. And not sure why but some used fake emails.... so leaves them in a pickle. |
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I have seen a lot of weird stats screen on malfunctioning Antminers  , but i have never seen a negative value on hardware errors Rebooted it just because it weirded me out, all is normal now.  Has anyone seen this before? This is a batch 9 S7. What the heck does it mean  this is the second time it has happened to me. It seems to happen around 20+ day mark. Something internal is off with the equation if you have low HW errors and run it for around a month... it ends up being negative. I first posted it with my S5+ (first one I ran for those long times). And it could be counted on hitting it before a month each time. So not really a big deal. It does make the equation seem a little shady to have negative as a possibility. But with a miner that runs for a month without issue it's honestly hard to be mad. |
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My BitCoin miner won't allow me to start mining. It simply says that the worker is stopped, and every time I try to click "Start Mining" it won't change anything, and the window just stays still. I have tried to reset all the application setting by going to %appdata%\Roaming and all the other directories to get to the GUI Miner. It still remembered my old data after I uninstalled, and reinstalled. Please help! I also have other members of my team that cannot mine, with the same problem. Any help is appreciated.  What miner are you using? There are MANY different miners and install is not the same for all of them. So some better info we can help a lot more. |
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OK I found the 51asic picture, looks like they have taken delivery of a few.  Still not clear to me what the Red & Black wires are, but we can now see they have plugs on. Still feel there is something missing (The Controller?) here as those trailing plugs are odd & where is the RJ45? However I make 750W & 2.8TH to be 0.268J/GH which is very disappointing. Just hope that is a spec sheet quote & that they are better than that? Rich This would be the first public sale of 14nm I think. So impressive on that part. I agree on specs I don't know if those deserve to be called B11's. It's no where near the specs - https://www.bw.com/pool/minerAnd 2T is smaller then the 3T mentioned as bottom speed on miner spec page. So.... i'm hoping these are internal miners and rush to racks to use before having. And we will see a better miner for B11 hit market. That is my hope. |
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Why would you R&D something and then sell it for less money than it could earn if you just kept it yourself? It's no coincidence that mining hardware manufacturers choose the price point just above what the miner will earn in its useful lifetime. ASICminer were the first to sell to the public doing this and everyone else followed suit since it's such an ideal business model. Of course I've been warning people of this for years but people still don't see it...
Us donkey's like chasing the carrot. Everryonce in a while we get a price war... have been vary few of them. SP20 went at S5's prices and drove price down. After selling SP claimed to lose money at the final price (not sure I believe it). But there have been a few unique times. But I agree sadly 3 month ROI's are dead. It seems a lot of sellers base off lifetime earnings, just look at S7 how fast they can drop profit when difficulty changes. This shows crazy profits on a lot of batches. Or I think so at least. |
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i would leave the s7 alone it's not worth it anymore, the earning is almost the same as the old s5, i would wait for the next gen, they are ready to be released in some months
there is not even more time to do the trick that you sell your hash to reach roi quickly, because the s7 is depreciating quickly already....
I think it all depends on electricity price. If you can run old gen gear some of it is decently cheap compared to what it was, heck S7's are even 720 which seems cray compared to where it started. But again all depends on electricity. The last drop to 720 for 4.73 TH with current gen should push last gen down even more.... and it did it pretty quickly really. |
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Yesterday finished with +4.17% 150 Blocks however Today there have had some slow Blocks and the run rate for the period is at -3% which is nice Thanks to the Roundtable Consensus we are nicely over £300 now and have been touching $450, let's hope this holds and we can move steadily up. Rich And we took a drop to around 433 right now.. so almost even with 24 hours ago. No long term gain sadly. I am suprised at low difficulty numbers I don't know what to think of that. I was pretty convinced someone was just pumping out the gear and would keep doing it. I would love to be wrong thought on it. |
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The price will go up for bitcoin, and maybe (JUST MAYBE!) all the bitcoin you mine today with your ultra-super-inefficient s1s or s2s or even 3s and 5s will make you cash. One can only dream of the day this happens, but when it does, I will be swimming in bitcoin.
The value of bitcoin will be around 800-900$ is my guess. It could be much lower or higher, but i'll look at this thread in june and laugh at how off I was.
This does not compute on what your saying. Your saying take a loss and run a miner at a loss.... in hopes of it being a gain one day. It makes more sense to buy coins and leave the miner unplugged. If your running at a loss on say a S1... you might make money if you hold. So that is before we take your speculation which is so far off in timeframe we cannot really have a good idea. But I can tell you buy coins.... don't take a loss. I have a policy of selling miners before I run at a loss and buy coins. Then eventually buy new miners if not right away buy new miners. I don't understand run at a loss in hopes of gain. Some mine to a btc addy. They make untraceable coins so mining works for them. True but you could also go through a few exchanges and coins, and make it pretty untraceable. Or run a current gen miner if it is that important of being untraceable. Running a S1 for most would be a decent loss vs just buying coins. He mentions in hopes of future profit not untracable. So I think he's better off buying coins with the money he would have loss if running at a loss. And selling miner and again buying coins. |
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As far as pumps go, my stock Syscooling pump died last Fall and while searching for a suitable yet cheap replacement I found this pump + reservoir by Yosoo here: https://www.amazon.com/gp/aw/d/B00VHPADRW/. Specs are as follows: - Flow Rate: max 500L / H
- Head: max 3 Meter
- Power Connector: 3pin connector
- Voltage: DC12V
- Power: 10W
- Noise: 16 DB
- Working life: 50000 hours
- Water tank capacity: 250 mL
- Threaded connections: G 1/4
I've been very happy with my purchase. I simply unscrewed the tubing connectors from the old (original) pump and installed them in this new pump. Couldn't have been more painless unless the original hadn't broken to begin with! On another topic, is everyone who isn't underclocking just running at stock voltage and frequency of 250? Is there any gain in upping the frequency and / or voltage or is this guy pretty much running full tilt already? I recommended this pump about a year ago - https://bitcointalk.org/index.php?topic=841344.msg10410383#msg10410383Your price is cheaper and no led kit. But it is a much better pump. I had 2 C1's and both syscooling pumps died one within a day and other I think within a week. But those pumps lasted for entire time I owed to selling miner's. Very good pumps though I liked them. I did not like the syscooling harness (batch 1). One of my two made sparks which is no good on a harness. So I also used a molex to fan adapter and my pump ran no matter what. |
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The price will go up for bitcoin, and maybe (JUST MAYBE!) all the bitcoin you mine today with your ultra-super-inefficient s1s or s2s or even 3s and 5s will make you cash. One can only dream of the day this happens, but when it does, I will be swimming in bitcoin.
The value of bitcoin will be around 800-900$ is my guess. It could be much lower or higher, but i'll look at this thread in june and laugh at how off I was.
This does not compute on what your saying. Your saying take a loss and run a miner at a loss.... in hopes of it being a gain one day. It makes more sense to buy coins and leave the miner unplugged. If your running at a loss on say a S1... you might make money if you hold. So that is before we take your speculation which is so far off in timeframe we cannot really have a good idea. But I can tell you buy coins.... don't take a loss. I have a policy of selling miners before I run at a loss and buy coins. Then eventually buy new miners if not right away buy new miners. I don't understand run at a loss in hopes of gain. |
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Try it if you think it will be fun, instructive or interesting. I'd be stunned if there was any way to do anything but lose money with this approach. Have fun, but don't expect to even cover a small portion of your electric costs.
You might want to try one of the alt-coin forums for better answers, though not more profitable ones.
It's sad but he will be lucky to pay off electricity costs CPU mining. And if these truly are good servers they would make much more money doing something else. I would sell the servers and buy BTC if they are truly extra. A server will not ROI on cpu mining. It is years to late. I have thought about and cant figure why access to 6 nice servers..... if these are your work's I would suggest not even loading mining software for your benefit.. and your job. |
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First of all, thank you for your time,
I wonder about the mining opportunity that is left.
Did we not allready lose Bitcoin ?
For some time I am really interested in Bitcoin , I have found mining opportunity to mine at 2 ct. Electricity. Location rent is free. All I need is hardware. I have tried buying second hand miners on the Dutch market. It is very limited and full of outdated hardware. New hardware seems to be made to have impossible ROI. This is my calculation for S7 as an example, the S7 is for now the best hardware I have found online.
Unit (820usd) + decent PSU (100 usd) + shipping/vat. (100 usd) = 1020 usd
Current monthly revenue is 160 usd per month
If we take the halting into account in 5 months and the difficulty increase, just see for your self if there
Is any reason to mine.
Is there any miners that want to sell of their btc farm? Or maybe relocate? I really want to use the oppirtunity I have.
I want to wait for the 16nm , I am just sure that they will be overpriced.
You VAT can not be less as 140USD (17%) per miner. This is the lowest VAT in EU , but not Dutch VAT. I can sell you some S7 , if the price is right. Left 40 x S7 Or maybe relocate - yes. But then I have to come in person. I do not believe so cheap electricity. If someone has 2 cent electricity I don't understand why they would want someone to relocate. Maybe I'm greedy but if I paid 2 cent's I would own the gear and make more profit. At 2 cent it's a no brainier. I do agree on questioning some numbers such as VAT on most of EU it pretty big deal. Which leads me to think 2 cent number might not be locked down. Also location does not mention huge warehouse lots of power. Or a apartment with small amount. |
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This is something that i will study for some time.
I see a lot of forum members dislike signatures.
Is this is going to stay ?
Well no one can really say if sig campaigns will stay forever or not, but i want to say that i have seen people disliking sig campaigns and having signatures in their account themselves. Read meta they will be on new forum... some day when the new version is out. So they are most likely here to stay. I don't know on pay and how many but yes they will be there from all data so far. And yes some sig spammers will always cause dislike. Not much we can do to stop that a lot of it is low level campaigns that are linked to it a lot. Again read meta lots of good info in there about forum. |
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Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way? Halving is not big story Its just reduction of making bitcoin and mining, Due to that demand will happen in world about bitcoin then automatically bitcoin will reach to all and then price will be in that Rate. Approximately 800$ at least. We can't count on price to double to many variables. I would love if we get double at having.... but it is FAR from a sure thing "Due to that demand". Sure we might double... then again we might lose miners decide to stop whole thing goes crazy. No one can speculate good enough to give good price at having. It truly is a long time away in crypto currency time. |
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When I first started playing with BTC, I used Coinbase & Blockchain.info for online wallets. I tend to stay away from those now, however. Not that they're necessarily bad or unsafe, I just like having all my BTC on *MY* devices and in my possession. It's just kind of a paranoia thing, I guess...
EDIT: I guess if I say that I'm staying away from online wallets, I should probably specify what I *AM* using. On my desktop, I use Multibit. For my phone, I use Mycelium.
Coinbase and Blockchain are VERY different wallets as far as online. Coinbase you count on them 100 percent you cannot get private key. That is part of how they are able to do the insurance is you have to go through them to send BTC. You can't say take a private key and go into another wallet. Blockchain.info is a total hot wallet. You can get private key and use it in another wallet on your btc address if needed. That is a huge difference there. USE 2FA on either but still blockchain I would count as hot wallet, and not keep more then daily spend. |
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First of all, thank you for your time,
I wonder about the mining opportunity that is left.
Did we not allready lose Bitcoin ?
For some time I am really interested in Bitcoin , I have found mining opportunity to mine at 2 ct. Electricity. Location rent is free. All I need is hardware. I have tried buying second hand miners on the Dutch market. It is very limited and full of outdated hardware. New hardware seems to be made to have impossible ROI. This is my calculation for S7 as an example, the S7 is for now the best hardware I have found online.
Unit (820usd) + decent PSU (100 usd) + shipping/vat. (100 usd) = 1020 usd
Current monthly revenue is 160 usd per month
If we take the halting into account in 5 months and the difficulty increase, just see for your self if there
Is any reason to mine.
Is there any miners that want to sell of their btc farm? Or maybe relocate? I really want to use the oppirtunity I have.
I want to wait for the 16nm , I am just sure that they will be overpriced.
But how much electricity? Location does not tell us how big you really will be. You really can't count on people to send you gear, or even relocate. You will have to invest in gear most likely. How bad is the VAT? Most of the EU is really is hard on getting gear normally it's high by the time you import it the extra cost kills a lot of deals. If you truly have 2 cent electricity you should do pretty good though. You have lot's of options but I don't think any miner will be cheap with being in EU. |
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Hello!
I have access to a big server, which consists of six servers each with 2 processors
the idea is to create a virtual machine on Linux and connect all processing units (CPUs), set it on 50% power, and get a total of 108 gigahertz (GHz), not gigahash
Does anyone have experience with this type of mining, and what mining program do You recommend?
Else:
I want to buy a few Antminer S5 or S7, but I am looking for a middleman or reseller in the EU, because I want to avoid additional costs for imports, customs duties.
Thank you in advance on important answers.
Regards.
The server's.... your years to late. You might be able to run them but CPU mining is pretty hard area to make profit. And a lot would depend how many cores each processor has. All processors are not equal. But EU is a pretty harsh place to start mining. You cannot avoid the VAT and such without lying... which I see as bad. Your resellers will be high in EU always are. I suggest if you do mine find a good hosting center for them in a place not in the EU. You will end up much better in the long run this way. I will still give a try minig with CPU power, with some altcoins Do you have expereience, have you already bought some mining hardware? I am very suspicious to buy something on the net, there are lot of scams... I will make my own rig on a safe place of a friend of mine, he has a deal with special electricity power price, effective, he is paying less than the half price, so we have to setup the miners asap It depends on what price the electricity is not all "deals" are the same. As far as current gen it's really A6 or S7. Either one you can buy direct from the company. And also it depends on how many you need. But again we need more info to help "less than the half price" does not tell us anything. |
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Since we all know that the price of the BTC is going up and down and we can't clearly know what's going to happen in the next month, few months, a year... Would it be "better" maybe to keep 51% of your btc in fiat? or some other proportion IF the bitcoin price somehow crashes like it did when it came from 1k to about 200$ so if that does happen you can still cover the "loss" of your btc in fiat and if the price goes up you can still convert that % of the gained btc to fiat, so you always have a backup in some dark case. Thoughts?
I think it's better to be in bitcoins, i'm all in bitcoins no fiat balance at all atm.(i will have some fiat balance when btc will be above 500$) For near future I think those invested in coins will see the better return. How high will it go? No one can say but difficulty has been jumping a ton.... should effect price. I will say if you have fiat there is really no variance you are for better or worse locked into a value. With BTC you have pretty big up's and down's. So they are really two very different storage methods. |
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Most trusted and reliable online wallets are coinbase and xapo. But I recommend you to use xapo. Because xapo don't have minimum deposit limit. You can cash out 50 satoshi to xapo, and you can also create multiple address with one accounts. I think xapo is good for you..good luck..
It all depends what your looking for. Coinbase is rare as it has a insurance policy. That is awsome if the site get's hacked and loses all it's BTC.... a insurance policy should cover it. It does not protect your account specifically if it's your fault, it's more if it was a flaw in their side. I really don't think xapo unless faucets that is it's specialty. Blockchain is the number 1 used hot wallet. And it is a good hot wallet. Just make sure you don't store to much in it and also use 2 factor. 2 factor really can save your investment. |
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