Batch 9 better be $1,200/3.3BTC or less because we just hit 600,000Ths. We got a 10%+ diff jump coming in under 4 days. The next diff jump after that looks to be between 10%-20% at this rate. That will be in less than 20 days. Remember that this all compounds on the last diff jumps, so 10% now is equal to what a 15% raise would have been two months ago. It looks like we might be in for another hashrate armageddon. That said, I just got my "sold out" batch 7 units in. If you look at the jump in the last 2-3 days I'm pretty sure its the fact that we all got the last few batches early this week and wasted no time getting them all online. I think batch 8 might ship soon too so that will be nice for those who buy them. For the rest of us it will suck because it will mean another jump even sooner than expected. Avalon is shipping another batch right now too so...yeah...I'm a bit worried if both companies keep shipping like this. I think they will.  One funny thing is that they are ruining their own farms profitability. I guess it doesn't matter as much to the farms because they get their gear at cost (like $300 per S7 I bet for parts). Its just sad to see this race to the bottom. I was hoping to actually make some money on these, not just hope to break even.  They dont hurt themselves, they get to sell this stuff at 1800-1500 while people are trampling all over to get miners wherever they can because the BTC price nearly doubled. By the time they ship those late batch, the diff could be 20-30% from now, if it is, they win even more. If the BTC price drop, they already made their money. Mean while they have tons of money to roll more hardware and dev the next batch, assuming they dont already have S9-like stuff for themselves. I guess they dont even need to do that, considering they get super cheap electricity. |
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are you talking with yourself there  ? Two 1 post account, seconds between each posts, sound like scam and chill. Both logged off after posting their posts and never came back since. It would be a very interesting topic if it is for real. Please. Brand new account register, immediately reply to this and has been logged off since, all within few minutes, both account on about same time, both account off about same time. Neither have re logged since then. |
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I wonder what people will call a Satoshi, if the comma needs to be shifted? I am not saying, it will be a immediate need, but we should be debating this, in the event that this needs to be done. Any suggestions ? If Gavin & Mike succeeded in taking control over development, it might have been 1 x Gavi or 1 x Mikey.
Just fooling around, do not get your panties in a bundle. ^hmf^
For practical purposes, i'm guessing mBTC will be used, then uBTC, etc. I dont think Sat or Mikey is going to be used as the principal denominator. |
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It SHOULD be expensive to have your transaction in the blockchain.
Offchain transactions should be used for majority of tx's. It just so happens that payment channels is a decentralized off-chain method.
There aren't any good usable off chains available at the moment. Getting the end you and end user use the same off chain may be troublesome as well. Coinbase has his stuff going, but being outside of US renders coinbase useless for me. Haven't looked into other offchains though. Not particularly salient but the service is also available in Canada for cashing in and out. US does have more features though, like the BTC debit card. Regardless for the time being, including your transaction is pretty cheap so no biggie. |
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Let's just don't wish that it will happen again, because this kind of thing will make a bad impact for Bitcoin.
Naww, there is no such thing as bad publicity. That statement is typed all the time and its wrong everytime. "MtGox hurt Bitcoin so much!" Price stabilized after MtGox at 4x what it was before MtGox  All it does it make people realize "Crap there's a lot of money in BTC". |
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In a discussion about transaction fee, I just sorted out these facts:
A smart mining pool will calculate the block orphan risk when including transactions (more transactions will raise the orphan rate due to longer broadcasting time)
For example, if a full 1MB block containing 2000 transactions will broadcast slower than an empty block, thus raise the block orphan rate by 1%, then the pool will lose 1% of the block reward, which is 0.25 BTC, divided by 2000 transactions, you get 0.000125 btc per transaction, that's the recommended fee right now
For 2MB blocks, the broadcasting time of such a large block might affect the orphan rate more significantly, say raise the block orphan rate to 4%, and then you can include 4000 transactions in each block. As a result, although each block can hold double amount of transactions, a full block will cost 4x more for miners, so the fee for each transaction would double at 2 MB full block
Currently, due to the block reward, you can not enforce a higher fee for miners, since the miners on today's fast network have very low orphan rate if they include all the 2000 transactions, thus any fee above 0.0001 is good enough for them to happily include it
However, if block is larger and the transactions processing speed (CPU/network) is limited, miners can not include as many as possible transactions without added orphan cost, then I guess the fee will rise when blocks grow beyond certain size, regardless of the block size limit
Only a speed increase in CPU/network infrastructure would lower these cost, and we know that the improvement in those area (especially the fiber network infrastructure) are not that easy to upgrade
The block propagation still depend on location and the time for the block to fully propagate (and thus be safe) depend from where it start. So needing better hardware to compute it faster is one thing, but just getting better hardware will not fully solve that. So the price would go up per tx as well, yes. |
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I talked to some one who may have been ripped off by this seller on ebay,the guy who told me that is buying my last s5, once i get a 18 pin cable and test the replacement board and other board to gather. he told me he paid about that and is fighting with PayPal to get it back . just a tip. I see the auction as kinda funny "EASY REPAIR!!! DAMAGED, DEFECTIVE ONLY ONE OF THE HASH BOARDS ARE WORKING REPAIRABLE".... if it's so easy why did seller not fix and sell as working S5? Am I the only one seeing that. Sounds like scammy or at least bad sellsman to say it's very easy to fix! I just cant do it... you can though! Also talking about bitmain warranty when I doubt any S5 is within warranty... no one should buy from there. Well he says half of the hashrate, only one board working as if all those are half S5. Maybe just an idiot since he list; Processing Speed (GH/s): 1155 Gh/s Which would not be half speed so anyone could report and return. Anyways the price is too high to tangle money even if only temporarily. |
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i just now understant how poeples have 400 post , sr member status so ^^ just coming on thread like this one , and scream to supposed scam That is because people aren't going to trust someone that act like the 100 proven scammers that came before, just in the last week. Its not particularly hard to understand. You're allowed to refuse to escrow, but when you try to justify and push people into doing it regardless, you just exactly did, down to the last points, what all the proven scammers do. So in the 1% chance that you are not a scammer, people will ignore your offer and in 2-3 days when you would have received your funds if you went with escrow, you will have no more arguments. For your friends, if he really has S3 for sale, he can find a buyer. If he accept escrow, of course. Though myself am only interested in the S5's. |
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Are you sure? As far as I can remember it doesn't let me put buy or sell order anything below 0.01 USD.
If you are trying to sell 1 satoshi for more than 1 cent then that would be possible and fair. It's free market, you can put any number you want to your sell order.
Oh, if thats the case, then its just moronic trying sell a sat at 1 cent, and it won't happen because of the depth, unless you have millions and millions to burn, but hey. You're free to list it. |
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Because they can? Why would that indicate a lack of programming talent?
Because the minimum segmentation to move USD is 0.01. I get that in an internal ledger its easy to do 0.0000125whatever USD and one could argue that 10 000 of those = 1whatever USD. But meh. |
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it's no scam , but i just says that i would the money asap , and ship the miner the next working day ,
you all came to waste my thread ....
so stop please .
i made a pic of the units , with my name and date , what would you ? a dayli pic to be sure they stay there ... don't worry unless someone buy them they'll don't move
Someone offered to do it face to face and you said no. Not much else to say. And okay but if someone decide to send you 8 BTC first, that person deserve to get scammed. (Sorry, eh?) I would think in a few days you will not have found a buyer and then having refused escrow because you "wanted the money quick" will have been moot, since you would of had your money by then. You already have red feedback now so... *shrug* |
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You would have to use a trusted escrow. You send the Bitcoin to an escrow and then he sends you the miner. You confirm that the miner has reached you and then you tell the escrow to release the funds.
How do we both agree on someone we can trust though. You use someone trusted from here, like OgNasty. The list is here; https://bitcointalk.org/index.php?topic=855778.0There are also actual escrow services in offices, but that sound a bit silly. You're probably better off turning the money into FIAT and buying with credit card or whatever. Beware though Ebay tend to be 50-100% overpriced. I am finding it hard to get one in europe though so will have to pay a bit extra to get one over here, unless you know any decent place to get one in europe. The way it would work is in BTC. For example, for OgNasty which has pretty strict protocol; You send BTC to OgNasty (1BTC+0.01BTCFee) you link the TxID to; You message OgNasty saying you are escrowing let say 1BTC for a S5, to be released at "sellersbtcaddresshere" when i received and verified the good. The buyer is *put other guy's forum name here*. So he would need to have an ID here. Some other escrow might be able to cater to particular needs, but i would do it this way, if i absolutely had to do it with BTC. |
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No password encrypted wallet for a miner was asking like "shut up and take my money!"
Yes, and he probably went around on IRC telling people "Hah this shit will never happened to me. I dont even need to lock my shit". Definitively the best way to get hacked; Go blab on public IRC crypto channel. That person was rather vocal, so i would not be surprised if thats what happened in the untold part of his story. |
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The wall outlet is labeled 20A 250V and I am in the US. I have an electrician coming by to check it out in the next day or so but I could not help but ask here first because there seems to be a lot of folks here with knowledge on this stuff
Its one outlet that fit in the standard 2 small 120v, its not rated 40A+ like for the one for an oven. I'd be more worried about the power distribution and the wires behind the outlet. |
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You would have to use a trusted escrow. You send the Bitcoin to an escrow and then he sends you the miner. You confirm that the miner has reached you and then you tell the escrow to release the funds.
How do we both agree on someone we can trust though. You use someone trusted from here, like OgNasty. The list is here; https://bitcointalk.org/index.php?topic=855778.0There are also actual escrow services in offices, but that sound a bit silly. You're probably better off turning the money into FIAT and buying with credit card or whatever. Beware though Ebay tend to be 50-100% overpriced. |
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Seems like no one didnt get your question yet. I dont see why you are concerned about your home network security at home. Since most of the miners are only interested in harvesting more n more bitcoins no one didnt even think for a sec if the mining hardware compromises their own network security.
Because its not impossible, if he solo mine on his own node and he does not configure it properly. Its possible to allow incoming connection to actually run it like a Node. At that point people can get his IP and try to find a way in. As such, it is possible to improve the security against such attack. If he instead mine to let say ck's solo pool, then his IP is only revealed to ck, it would make it hard to know where the miners are in the first place. The whole thing is so unlikely, to be honest. The one time i saw it happen, someone left his network wide open (no router password for dropbear port) and got some BTC stolen(also no password encrypted wallet). That would of been avoided if he changed his dropbear port and put a strong password(a weak one would of probably worked fine too) or just disabled it. Or you know, put a password on his wallet, the theft attempt would of been thwarted there, the attacker would need to be crafty to get the BTC out of that person's wallet. This tends to happen to people that think "Can't happen to me." |
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Cryptsy, been holding some withdrawals since August, suddenly loads of wallets offline or in 'maintenance mode' after what seems like they were arbitrage trading, was all good til BTC dropped and now they are on the wrong side. They are only allowing altcoin withdrawals they have heaps in reserve of, support tickets are going unanswered and the ones dealt with are closed without an answer... so... That's my opinion / facts/
Yes, Cryptsy definitely but I wouldn't count them as a next possible Gox! Next possible Gox would be Bitfinex, OkCoin, Bitstamp, etc.. Cryptsy would just be a new BTER for example! I don't think we will have a next one. I think that people gave become smarter and people that run these exchanges have become much more cautious. Right, Crypsty is too limp to pull off what MTGox did. BTC-e would have the volume and placement to do it, but i'm not sure its going to be done again. With Bitcoin getting so much political awareness, the fact its not "proper money" does not prevent it from being fraud nowadays. Sound to me that the scam after MtGox was Paycoin. And from there, its going to be more small in term of scam size. The next big scam will be in 10 years when someone realize someone had been, for years, skimming profits in BTC that total in millions of USD, then that person will go in prison. |
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1.xxxxxxxxxx so its kinda deceiving... Everyone only having 0.xxxxxxxxx would seem odd
my brother was the same. when i first explained bitcoin to him he had to have a whole one. which was strange to me because i had been buying in what ever 0.0.....'s i could afford. The other point is if you check out some other wallets for example Breadwallet on the iphone you use micro bits so instead of 0.00430000. its shown as 4300mbtc which means it looks like whole numbers. This is a "problem" with a readily available solution indeed. There is not a limit of 21 000 000, there is a limit of; 2 100 000 000 000 000. Divided by even 10 billions human, thats 210k sat per capita. So plenty. And if we EVER need more, we can easily add as many 0's as we need. So right now the limit per capita for 10b humans would be 210 000, if you somehow can't wrap your head around decimals. |
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i can , but not for false money ^^
He could pay with a certified Cheque at a bank, i'm not sure why you're so reluctant to also accept face to face/local pickup as well as escrow. Seeing how difficult it is to make fake money with the new Plexiglas bills nowadays.... And you're also refusing Escrow because "I want the money asap", where you could take a deal right now and get your money later this week, instead of waiting days or weeks to find someone to pay you direct. If you're trying to get the scammer tag, you're doing great. |
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ESCROW or no?
as i'm trying to reach one for another sale and it's now 1 day that i don't find one , i prefer to do direct transactions . i can provide a copy of my identity card with my adress on the back and all informations to take any pursuit against me ... I'm sorry thats not really worth anything. And the one thing you learn not to do on online trades is to rush the transaction. If you're getting pushed into sending money quick, you're getting scammed. So anyways, i could be interested in 2 or 3, if you send to Canada and when the units happen to be working, then i could pay. I think that's as close to no escrow as i or mostly anyone can offer, short of face to face transaction, which could be arranged, just not by me. |
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