Why not just rent cheap motel rooms and bring surge protectors? Even better, rent out an extended stay room with weekly rates. Hop around every week so they don't start to notice the ridiculous power usage. Just go on a mining spree for like a month.
Let's say you can pull 5000 watts from a hotel room. (You might be able to pull more depending on if the A/C unit is hardwired or has a plug, but I think 5000w is a very generous estimate) If your power normally costs $0.15/kwh, 5000 watts for 24 hours would cost you $18. I doubt you'll find any hotel room (any room capable of supplying 5000 watts at least) for less than that rate. :p Problem is you have to have other things running while at home like t.v., lights etc. That will add to your cost. In the room it would be no extra cost. Plus add in people living with you. They are using power as well. But I get what you are saying. Of course, each individual has to run their own numbers to make it work. Just a thought. How about mining with solar power? Solar power is free! Just pay the initial investment for a generator. where i'm at, if you use more power you get a cheaper rate |
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Well, deleting peers.dat does help.... for a while. then it started slowing again.
now it's 18,550 blocks remaining.... it's painful to watch it receiving one block at a time...
am I the only one whining about this?
if it's just receiving one block at a time at regular intervals then it's probably just your system is slow? fastest way to get blockchain all finished is to make a 7 gig or so ramdrive then connect to just 1 peer |
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36 hours and my wallet is not syncronized yet. i still have 8% for more than 10 hours i dont know what to do. why is taking so long?
8% to go or 8%??? If you stall out at anything less than block 180,000 or so it's a network/bandwidth issue, past 180k (or whenever satoshi dice started) it could be a variety of issues and the best way to DL it is to connect to a single peer, using maxconnections=1, listen=0, and connect=<node> one of the fast nodes ofc, not someone on a DSL or something. when it requests from someone w/ crap upstream, you end up waiting some godawful period of time before it moves on |
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Nice with a list for directing begging, lending, business offer type PM's to members with coins to spare.
what's up w/ people asking for donations when they have 20,000 bitcoins, anyway? |
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I don't see ask-side walls as anything but an attempt to lower the price to buy more bitcoins later....
Why else would you do such a thing?
There are at least two more plausible explanations: 2. Someone considers bitcoins overvalued at 21.00 and is willing to part with 25K of his holdings at this price point. He announces this intention publicly to see if there is anyone with an opposite market view willing to be a counter-party for this transaction. Why does not he just sell it all in small portions? Well, in a thinly traded instruments such as BTCUSD it is just impossible. You cannot easily exit big positions without driving the price down quite a bit. 3. A long-term BTC holder is concerned about another short-term bubble-and-burst pattern forming. So he sends a message to whomever pumps the price up to be more careful about it. Once the people see that a lot of bitcoins are available for sale at a specific price point, they'd be less likely to fall for bubble-inducing propaganda such as: "OMG, this is the last change to buy BTC below XX.XX!" I still think that your initial explanation is right though. Most likely, this is just a phantom scare-wall that's going to disappear once the price gets close to it. But we're not going to find out for sure until someone actually tries to buy into this wall. With #2, the best thing to do would be to split the ask between several exchanges, but I suppose an explanation for that would be that the buyer just doesn't trust any other exchange. Ahh... yeah, #3 inparticular crossed my mind after I posted. If I had a large stake in bitcoins, I might be a bit concerned about two previous run-ups that then resulted in a dramatic collapse.... though, if the price were to reach my $21 wall and start eating a decent sized chunk out of it, I'd still either remove it or move it back a 'safe distance' (or *possibly* if the bids were especially weak, I may consider doing something like a market sell of 500 of those BTC, in hopes of causing a mini-panic in order to buy back at a lower price, doesn't look like it'd be too rough to collapse it to 20.12). Even with the very healthy bid side, dumping such an amount of coins would still yield a significant spread. Part of the game is also to sell higher than everybody else does, which doesn't necessarily mean that they gonna buy back. Creating a wall is one of the easiest ways to archive that. A wall that big simply encourages people to build in asks right in front of it.... someone with that many bitcoins should either hire a broker to do the selling for them, or at least have some means of monitoring it at regular intervals.... so then something like 500 BTC "walls" makes a lot more sense. It also gives you the opportunity to sell the remainder at even higher prices... if someone is going to buy your whole chunk of 12000 or whatever it is at $21, then you probably missed out on some even greater potential profits. (ed: there's also the whole 0.01 sell going on, to make the price look artificially lower) of course, all this could have a good purpose if there's some way to short sell bitcoins that i'm unaware of |
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I don't see ask-side walls as anything but an attempt to lower the price to buy more bitcoins later....
at least as long as bitcoins aren't shortable.
Why else would you do such a thing?
If somebody thinks the price is "good enough". Fraudulently obtained BTC in which case the price isn't that important since they were more or less free. Somebody needing to spend BTC for USD in the case of payment processing with merchants. (This is pretty much the case with the whole bitpay and SR business and Avalon/BFL) well, you wouldn't scare off buyers by placing that huge of a wall. preferably, you'd set a buy wall far enough back where it wouldnt be hit, then sell gradually as bids build in... or if you don't have the funds to do the buy wall, set smaller walls incrementally, or just do market sells every few hrs, as bids build in if it was fradulently obtained BTC, i'd think they'd be perfectly happy just to do a market sell, and drop it down to $18.50 or so. ed: with depth so easily visible to the public and no way to sell short (maybe I'm mistaken here?), it just doesnt make sense to make a $400,000 wall on the ask side. |
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That's not where I am getting my stuff else I'd be losing out money... I'm sure one could buy them cheaper wholesale, but how would you lose money from selling something @ $250 that can be purchased retail at $150? ed: especially when dealing with bitcoins, where there are no chargebacks |
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I don't see ask-side walls as anything but an attempt to lower the price to buy more bitcoins later....
at least as long as bitcoins aren't shortable.
Why else would you do such a thing?
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Transaction would go something like this: 1) Buyer shows up 2) Seller shows up 3) Both exchange handshakes and oddly suspicious looks 4) Buyer demands to see the hardware 5) Seller presents hardware 6) Seller gets a baseball bat to the head when he least suspects it 7) "Buyer" and accomplice walk away  Profit!  /trolling haha I did a face-to-face transaction w/ $2050 cash. I never really thought about it until someone else mentioned 'wtf, you're meeting a stranger w/ $2050 in cash in your wallet?'... =/ anyway, for a deal such as this, you'd probably want to go through a broker, eh? |
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the real question becomes,
how much are you going to pay me for my batch 2 avalon?
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One thing I just wanted to mention to anyone that mines, is that Regus ( http://www.regus.com/) which is probably the largest office rental in the world, is offering (because they never calculate power separately) offices quite cheap, especially in regions outside of mayor cities. I noticed a number of people complaining about Watt prices for rigs, and I assumed that was for those running 10+ rigs. It would actually make more sense to place those in a Regus office (the smallest 2 person ones), and just have electricity, and you may actually break even in certain places. Just a heads up, which definitely made sense with GPU monsters. Dont know if this will apply to the ASIC game. They're that cheap? Can you sleep in them too?  |
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 yep i thought they only shipped like 60 units, right? so either someone else made some asics, or that's mostly GPU mining 'cause the price is at $20, with a few ASICs thrown in 60 * 66 Gh/s = ~4 Th/s The ASICs would explain the bulk of the rise. I just looked and it seems like it was 50, not 60 like I said earlier. I imagine that guy in Korea that does half a dozen or more blocks a day is probably using ASICs though, too. I mean, if I was in "Avalon" I'd send some stash to a friend or mine with some myself while they're still profitable... so maybe if you included his total i started overclocking my cards a little again , since it's profitable to do so atm |
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i hate xeons so much
esp when they have performance reducing ecc ram, the price is decent, for US host. if you need 100/100 unmetered
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that 13.6m crushes my old record of 8.5
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yep i thought they only shipped like 60 units, right? so either someone else made some asics, or that's mostly GPU mining 'cause the price is at $20, with a few ASICs thrown in |
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yes.
but btc24 is having some serious liquidity problems:
ie: they don't have enough USD to you withdraw, neither enough people selling BTC for USD there. so if you want to buy BTC with LiqPay, btc24 is not a good way (unless you want to pay 100 USD for 1 BTC...)
well, 80-90% of the time, btc-e is the cheapest place to buy bitcoins anyway. so liq to BTC-e costs 2%? then whatever the commission is at btc-e? don't remember... still probably less than buying it at mtgox hmm strange right now though, with a mtgox sell at 20.58 and bitme buy at 21. btc-e is only 6 cents cheaper too =p |
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If you are willing to sell at half the market price, why not just sell them yourself in bulk on ebay?
Just be aware you wont be alone. I expect a torrent of ATI cards to flood ebay over the next weeks.
Well, the point is avoiding all the work required to sell stuff on eBay. Esp. with all the people nowadays trying to do chargebacks and what not. But you make a good point, it might be better to hold on to the stuff for a few months after the flood |
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