Okay but as of now, can i transfer more than $300 worth of btc to my circle account? If so, does that mean anything over $300 i send from electrum to circle will basically be stuck in circle account because i can't transfer more than 300 a week to my bank of america?
Also would that mean i cannot transfer any amount back to my electrum afterwards? Or does the 300 dollar limit only apply to transferring to my bank account.
The limit is for buy and sell, you should be able to use it as a webwallet normally outside that. You may want to look into better services that do this, it seem like you're in America so i would recommend Coinbase. I have a 3000 daily limit. |
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I think its scary when a stranger get your physical phone number which reveal a lot of information about you... and try to scam you or even if not, just call you about Bitcoin. |
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are you talking with yourself there  ? Two 1 post account, seconds between each posts, sound like scam and chill. Both logged off after posting their posts and never came back since. |
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Hi! I am setting up a home mining unit for which i needed advise. 1. How many ASICs should i begin with to generate minimum revenue? 2. Which ASIC is the best to buy? 3. How much approximately can I earn with 1 ASIC (lets say with 1 spoondoolies SP20 jackson)? 4. How many ASIC can I run on 1 computer? all response are highly appreciated. Thanks  1. Depends on your budget and electricity cost 2. Depends on your budget and electricity cost, S7 is not cheapest/best 3. Maybe 3.5$ per day until the next difficulty round minus your electricity costs. 4. They are not ran on computer anyways, many have internal controller so you just connect them to your network with an ethernet cable and thats it. Otherwise there is not really a limit of how many miners a single computer could run. But the SP for example and the AntMiner's don't run off a computer or a controller you need to supply. |
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I never found out how much Garza made from his scheme until now. It says he made $19 million from the whole thing including his coin. I hope the investors get all their money back. The way he conducted business fits the model of a Ponzi scheme. I remember he said his coin was guaranteed a value of $20, then denied he ever said it after it started crashing. http://www.coindesk.com/gaw-faces-ponzi-scheme-charges-from-sec/The SEC said that Garza and GAW earned roughly $19 million in revenue from the scheme, which evolved from hardware hosting to cloud mining to the eventual launch of an alternative cryptocurrency and has as many as 10,000 customers and investors. I'm not sure what kind of form or process could have international people who bought in get some kind of refund on their purchases. Is it even possible? I hope they all get their money back, but I'm skeptical international investors will get much, if anything back. The Mississippi Power Company is owed money and has won a court judgment, but it's still struggling to get its money back. Small investors don't have armies of lawyers like the Mississippi Power Company, and international small investors might have less legal rights than American citizens. A former utility provider for the firm, Mississippi Power Company, recent won a default judgment and recently told CoinDesk that it is "using all available remedies to collect the monies owed by GAW Miners" I don't suppose credit cards companies like Mastercard could refund purchase done at a scammy website 1yr+ when it was proven that the seller was doing fraud? Hah. |
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These are still up for grabs, let me know if you got some interest in these, thanks!
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I never found out how much Garza made from his scheme until now. It says he made $19 million from the whole thing including his coin. I hope the investors get all their money back. The way he conducted business fits the model of a Ponzi scheme. I remember he said his coin was guaranteed a value of $20, then denied he ever said it after it started crashing. http://www.coindesk.com/gaw-faces-ponzi-scheme-charges-from-sec/The SEC said that Garza and GAW earned roughly $19 million in revenue from the scheme, which evolved from hardware hosting to cloud mining to the eventual launch of an alternative cryptocurrency and has as many as 10,000 customers and investors. I'm not sure what kind of form or process could have international people who bought in get some kind of refund on their purchases. Is it even possible? |
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Not sure how that help people that bought in and didnt get jack back.
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Nah I just want to find a way to full underclock my frequencies and then lower fan speed for when i go to sleep instead of turning it down and preserve the temp lower than 70.. dont worry i know i have to stay under 70 and to not go higher than 73v for the fragile s4 power supply
thx for link.
No problem, but having to reflash the SD card when you go to bed and then when you wake up does like a pain.  And i said 70c for the S5 (actually under 60C is recommended for slower hardware deterioration), but the S4 can have problems with low 60c. Start dropping chips, crash. I've had issues before my S4 reached 70c, i never reached 70c on them, they would crash or drop 3/4th of their chips. I'm guessing the sensors are not placed where the board get hot. |
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How may I setup a custom firmware?
Ill check the temp carefully at that moment.
Thank you very much by taking your time to answer, greatly appreciated.
Its not a moment thing, you're already at the limit and you're talking about raising the temps by 20c. Anyways, its here; https://bitcointalk.org/index.php?topic=940250.0 |
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Instead of a battery, could you use a capacitor to keep the power stable? Since its not like you'd be outputting your dam's power directly into the miner...
Perhaps, however remember that any reasonable ASIC bitcoin miner is going to be stepping power down from 12 volts to .5 volts or so for the hashing chip. Fluctuations in the incoming power supply will make the FETs work a lot harder (ie: hotter, blow up, etc) so it's in your interest to have a stable supply. A car alternator can put out 13.4 volts regulated from a wide variety of input values (because the field current can be regulated with precision) and that will make a good 12 volt 100ah battery run for a nice long time (5-10 years). Thats not free, but thats certainly cheap in the scope of things. I had no idea, thanks for the information. So you could easily feed current from a turbine, or solar panel into a battery and draw 12v from it at the same time? I was under the impression that a battery that could do 1000w would cost 400$+ per year, at list thats what i read on google. |
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Am I being paranoid?
All of the sun's electricity is not enough to power all the computers it would take to crack a single priv key before it runs out in billions of year. So yes, absolutely and completely Paranoid. If some Omg super mega computer that was able to work at the speed of of a galaxy full of computer would appear, well our world would end, but if it did not, BTC would still be fine, the network would switch to a new ALGO, it would probably lose some value from the scare but whatever. |
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Update, what do you think about those stats ?
I'll answer to the question you asked me too; First the S5 look awesome. Try to keep the temps under 70C and there should be no problem. For S4, you need to setup custom firmware both for the fan and the volt. You can change the value but it wont actually be applied. For the fan, looking at your temps, its too hot for you to make the jump to the custom low fan firmware. I did not try any aftermarket fans for the S4's, i've tried S1's fan in them tho, it work and is very quiet. (But not cooler at all) However Bitmain posted this back then; https://bitmain.zendesk.com/hc/en-us/articles/204199879-Antminer-S4-fan-specification-and-possible-replacement-fansMaybe some people actually tried some and can tell if they are both cooler AND quieter. I heard the Scythe Ultra Kaze is good for the S5, dunno bout the S4. |
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Ok i have everything working now. But i don't understand all that about the rewards and everything. Here is a screenshot of my pool website, see screenshot http://prntscr.com/98x8bbUnconfirmed reward .12$ what is that? http://prntscr.com/98x8zuSo .12$ is what im going to win and still 89 confirmations left to be filled. That would take all night long right? So .12$ is what im going to win to leave the machine on the entire night? I saw in a bitcoin profit calculator that my 2000GH/S machine, with free electricity and all would make me win .22$ per hour. Mine is set to BTC so huh, well i guess it doesnt change anything. So what do you mean, leave your machine running? I think i made it abundantly clear that the miner mine on its own and you dont need to leave any PC running? The miner is completely independent. Now, you're not getting paid like a job, you get a cut of a block WHEN you find a block. The time it take to find a block is random. And yes 100 confirmations is 1000minutes~ on average. So all night and then some. |
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Nice setup! I'm jealous of your cheap power. I'm guessing you live in Quebec with those prices. I'm just across the river in Ontario and I pay over twice as much. Should probably have your miner ran over in our side. Maybe a friend with a garage? You pay the electricity, they get free heat? Anyways. I'm wondering if its possible to get industrial electricity rate in a small office or such. That would cut the electricity cost by almost another half and you dont have to hear the noise. Keep the quiet miner at home during winter for generating free heat + BTC. |
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from yesterday BITCOIN transactions are taking time
are you feeling or just normal
or due to yesterday blockchain.info status ?
Blockchain.info has nothing to do with the BTC blockchain. There is an ongoing spam attack, so to confirm you need to pay a higher fee right now, thats all. |
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I have a few questions now. Are my settings ok ? Would you overclock the S5 a little bit more ? If I underclock, should I lower the voltage of the S4 manually, and if thats the case, which is there any voltage shart somewhere? From now on I like a lot my Bitcoin Mining experience, any other canadian fellow out there?  I am from Canada~ The free heat/cooling is pretty nice, i use low fan speed on both miners to cut on the noise. Anyways, if you setup custom firmware on the S4 you could change the voltage, but otherwise the volt thing won't actually be applied. Apparently old S4 that were not updated still have working Volt control, it was only removed later on. Personally i don't trust the S4 stock PSU, many people had a problem with it, so i would not overclock it further than 212, personally i run 200 or 206 and i set the volt to 0670 or 0710. I'm just being extra careful here, but since my limitation now is more watt capacity at home, i preferred to run them undervolted at 200mhz and just run extra S1's (amazing little heaters that run 100% silent and can be placed anywhere ). For the S5 however, you could certainly overclock some. I run all mine at 393(1.29~1.3TH/s), except one that run 400(1.32TH/s+). For S5 noise, i now run the fan at their minimum speed (2400RPM~) and just feed outdoor air to them and having 2 fans on them really help the cooling, its insane. |
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You can also be more efficient, or use resources more efficiently. That energy that used to be wearing down rocks (a noble experience no doubt) or heating your attic in the summer (and thus your house) can be redirected into something that makes money like a bitcoin miner like a bitcoin exhaust fan system or a peltier turbine and a penstock pipe.
Back in the day my joke was to build a heating element for a 40 gallon water heater out of bitcoin hashing engines. 2,000 or so watts of power being used to heat the water in your house. Why not bitcoin ASICs, who cares if they are block erupters? (Technically the better answer is a solar domestic hot water system if you have electric heated hot water, but that is a digression).
Solar electricity is cool, but solar is only 17% efficient at light---power. SDHW is 50-70% efficient. So you have a certain amount of roof space put the hot water system on first, then the electric for bitcoin miners. Unless you have natural gas.
But on a less serious note, if you have an abandoned/beaver dam sitting around what's the harm in diverting .00001% of the water into a 4 inch pipe to a small turbine, 2,000 watt alternator, a bunch of miners, and a cheap-ass 4g plan? What else is the water going to do? :-)
You just need to return the water and just need elevation to move to water around for free. There is still hardware cost to be paid upfront and i assume the turbine has parts that has a lifetime, creating a maintenance cost, but it is probably very low. Instead of a battery, could you use a capacitor to keep the power stable? Since its not like you'd be outputting your dam's power directly into the miner... |
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Thousands? And thats what everyone should have. At least if securing your BTC is your priority.
Some people like to have one receiving address, but HD wallets are much more secure and there's not really a reason to not use one different address for every receiving transactions.
HD wallets aren't more secure than regular wallets. They do prevent losses by making wallets do one time backup but if someone gets the key, all your addresses generated from that will be compromised. Wallets like Bitcoin Core only pregenerate 100 address so even if someone gets the old backup with your 100 used key, they can't do much. HD Wallets are more secure in the way they generate the next address, and the next. It solve the problem of Hierarchical vs Deterministic method of seed and sequence. As long as you keep the master key, you can regenerate all the addresses after that so losing your wallet.dat is not a problem, like it is with non HD wallets. It also has other useful to negligible benefits. I like the fact that it helps making the transactions you do no related to one another. I appreciate the fact some exchanges has integrated this into automatically changing the receiving address as well. This also help contribute to security. |
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+7.7 = ezeminer
This time i'll go with;
+7.7 = VirosaGITS
I am pretty sure the Diff will go under what its estimated at right now, but i don't know by how much, seeing how well the BTC price is doing.
Just Saying  Thanks for spotting already! VirosaGITS please let us know what you second pick is as it was already taken. Below is current as of posting: +6 = Last of the V8s (member registered March 15) +6.6 = Tmdz (Jr Member - registered October 21) +7.7 = ezeminer +8.3 = The Young Turk +8.5 = valkir +8.6 = Herbpean +8.8 = tss +9.2 = edonkey +9.3 = Lituation +9.4 = UfoRia (member registered September 22) +9.8 = vortexz +10.0 = Tupsu +10.1 = zebedee +10.4 = adaseb +11 = mavericklm +12.3 = EternalWingsofGod +10.2 = cakir +10.6 = DanDan +10.8 = ingiltere +11 = Quickseller +11.4 = artibg (member resistered December 03, 2013) Woops, i copy pasted ezminer's line and intended to change the name AND the number. I got distracted and forgot to change the number by .1. Attention deficit for the win? xD +7.8 = VirosaGITS If you please. |
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