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2101  Other / Beginners & Help / Re: Cloud Mining - Please help a newbie on: February 17, 2016, 05:40:32 PM
This thread really has become a long term ad.  Looking at front page... ad.  Looking most pages ad's.

I'm not sure this really is helping newbie's at this point.  I think it maybe should go in services and be treated as a add.  It is sad but I think it does less help, and more trying to sell.
2102  Other / Beginners & Help / Re: What is blockchain? on: February 17, 2016, 05:37:34 PM
Blockchain is a bitcoin wallet. It used for store and keep your bitcoin. It's like when you received your bitcoin from faucets and signature campaign so it goes to your wallet. blockchain.
I think its not just a bitcoin wallet.  And i think bitcoin is a public ledger of all Bitcoin transactions.
It records all transaction that we send..  You can read this article to know about more in block chain..
http://www.investopedia.com/terms/b/blockchain.asp

The two seem to get confused sometimes.  Blockchain.info was very smart on their naming, that and business sense they have become a HUGE bitcoin company.  They just do the majority of hot wallets.

But blockchain in general is totally different then blockchain.info.   I think OP wanted to know more about the blockchain behind BTC not the wallet.  There are some pretty good videos on the topic I would suggest OP hit youtube and take a look.
2103  Bitcoin / Mining support / Re: Antminer U3 - CGMiner - No Devices Detected on: February 17, 2016, 05:23:50 PM
Please help, direction, & advice.

I have Antminer U3, now it no detected by cgminer. I am using windows 7. I have always reinstall zadig, it still not detect. No volt, no hashrate, it shown on cgminer reset stratum. if i unplug the usb, it still not power to develop hashrate. Any direction on bitcointalk have performed but it still not power to rise up the hashrate. I have tried on OSX (Macbook) using cgminer, it same too. can anyone give me advice?



Posted From bitcointalk.org Android App

I would not mess with OSX on it, just not a ton using U3's on it.  In windows try installing Zadig again make sure it completes it.  It is a pain in the butt for some.  Others it works perfect.  But the driver has a decent chance of being the problem.

Long term I HIGHLY suggest you look into getting a R1 and install Crazy Guy's custom firmware.  It will make your life easier on zombies, and it also is a low electricity usage controller.
2104  Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH on: February 17, 2016, 05:18:39 PM
I don't see point buying S7, when after halving they are not profitable, if you don't have very cheap electricity.

by very cheap you mean less then 3c a kwh.. :/

the price on batch 11 is insane.. it will cost more then you will get out of it, even if you are lucky and there are no more 20% diff increases..



But still people are buying these new S7s so I guess Bitmain will continue on flooding us and the difficulty increase will continue.

 they have not sold that many. just lookup their btc add

And who could sell the rest? Bitfury, Avalon?

That is the thing no one really knows.  We can speculate but it's hard to say.   And even if Bitmain does not sell a ton it does not mean it's not them adding hash.

I figure they have got cost as low as it's going to be on S7's.  They might be able to make them throw them in their own data center and miner internally, and still make big profits.  No one knows.

Bitfury/BW are two I would be watching for next gen chips hitting shelves but don't know when.  And again I have no inside info I'm speculating on this.
2105  Bitcoin / Hardware / Re: B-Eleven sha-256 ASIC miner on: February 17, 2016, 05:14:19 PM
Sweet, should finally see more photos surface soon and an announcement on the bw website.  Wouldn't mind the opportunity to get one of these.

I re-read the article I was to into looking at pictures at first.   I saw in it they say "The power consumption of the BW-LK1401 chip is 160W/T, which makes it the lowest in the industry. Building on this technology the second generation BW-LK1402 chips are currently in production with a lower power consumption of 95 W/T"

Is that a correct number on watts to T?  That seems like a huge and good jump if true.  To think a S7 1300 watts for 4.7T or so, this would do 1300 watt's for 13T if I read this right.... man is that a huge difference in efficiency.
2106  Bitcoin / Mining speculation / Re: Diff thread Feb 7 to Feb 19? picks are closed. on: February 17, 2016, 05:10:28 PM
After reading this which could be fud.. http://bitcoinist.net/virtual-currency-issued-by-pboc-will-not-use-blockchain-technology/

Then looking here i find it interesting that its the china pools that all dropped big time. http://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&t=a

Could be that they had all that old tech in super cheap data halls like phil proposed.. cheap power @ around 1 c.. So they could run that old tech now if they brought down their avg of the entire farm.  So if 1/4 farm is old tech and 3/4 new it would avg out to maybe around .3 or .4 watts a gh.. morenew tech you add the more it drops your avg w/ghs.   Then once you get it to so large or maxed out then you either wait till the old machine dies and replace with new or just outright replace it all which is what we might be seeing here..  This drop was the equivalent of all the old tech dropping at once lol.. around 300 ph   Interesting to say the least!

Best Regards
d57heinz

Yeah it does look like 150 to 200ph dropped off.

Not sure exactly what they did. One guess is as good as another.

Ghost cities .
Load testing for super dam power plants.
A short term  one cent contract from January 22 to Febuary 14 . But the gear is out there and we could see the jump of 150 to 200 ph any given time.
I clock the sales on their btc addy and they are not selling  1000 s-7s a week more like 800 to 900.

So the next 120-150 days should be all over the place.

And the power dam's really are happening one thread I love is haobtc - https://bitcointalk.org/index.php?topic=1072474.0.   I love Eric's pictures showing a different side of mining, it is much less secret then most companies.

But you will see they built near a power dam, which was very smart.  Once can assume they get it pretty cheap on power.  It's hard to tell how many private operation have great deals on electricity.  I wish it was more like public traded companies with open books.  But that chances are will never happen for most as they remain private companies.
2107  Bitcoin / Mining speculation / Re: What network hash rate is finanicially sustainable long term? on: February 17, 2016, 05:06:28 PM
What you will see is more centralization for the super-majority of the network.   We are at a point where cost efficiency and scale matters.  You just need too much hardware and it requires and certain amount of cooling and power to keep it stable that far exceeds homes and now even commercial spaces that are not specialized for Bitcoin Mining. 

My fear is that in the end it will, for the most part, be just the ASIC Chip manufacturers competing directly with their customers even while selling hardware.   If that is their plan, they should be ethical and come out and say it, if they don't it will become obvious and we will figure out regardless. 

It is my fear aswell it seems the golden ticket is having good chips.  And I do realize these companies spend a ton in R/D so they deserve a profit.  But I think companies right now are making a killing on current gen.  And they also can put in their own data centers.  And it's hard to tell cost for data center there are some miners I suspect.... cost a lot cheaper then what we pay as regular people.

China manufactuers with low electricity will take control of the backbone of the network if price does not go up more, or difficulty does not stop big jumps.  The question is what will happen when market see's it's not really distributed near as much as most would like..... I'm not sure.

I think were in for a heck of a price jump, or eventually a heck of a decrease.  All depends on variables I cannot anwser.
2108  Bitcoin / Mining speculation / Re: What would you do? on: February 17, 2016, 05:02:16 PM
if i go with new ones what are my chances of reselling them and how much can i get back, 50% +/- ?. let's say a couple of S7's

Reselling will always give you 50% only even if you used less or more, it is upto you that how properly you will install it and what is the climate of the place where you are going to set it. according to that how less the diffculty is that much high you will receive the minning profit.

 Try selling a Batch 1 S7 for half of what they sold for new.

 People will LAUGH at you, as the current new batch S7 price has dropped well over 50% from Batch 1 pricing.


 That's just the most recent example - S5 pricing is an abberation because of the Spondoolies/Bitmain price war and should not be assumed as a norm.


 Then there's an extreme counter example - Gridseed 80 "Blades" were originally $3000, had dropped under $800 for NEW ones less than 6 months later - a bit more extreme drop than even the S7 has shown in a similar timeframe.

I am surprised to be honest some of first batches did not get some decent coupons.  It seems bitmain has changed for mindset of giving out coupons of good value to make up for it.

Just like batch 10 it's going to drop a decent amount again when batch 11 goes up I think. With difficulty changing so much it's hard to do pricing on gear.   If the price drops more then you mine... kinda stinks as a miner.  We live in interesting times that is for sure.
2109  Bitcoin / Mining speculation / Re: £16,000 ($23,209) for profitable Bitcoin Mining farm? on: February 17, 2016, 04:58:20 PM
It is quite profitable to mine Ethereum at the moment. But the price is dropping at the moment. Mining is a risky business.

BTC vs Ethereum is like apples and oranges.  BTC is being mined by huge asics, and other is more GPU miner territory I believe.  So your comparing the main currency to a alt.

Yes alt coin's can go up fast, but they can go down just as fast.   Maybe suggest OP to try a few altcoin's for fun.  But I HIGHLY suggest keeping BTC as main currency unless you like risk.

well it's only mining, gpu does not become obsolete like asic, if the alt that you were mined die, for example, you cna always re-direct it to another alt(not bitcoin or the one with high diff, but still plenty of choice)

or simply leave the mining scene without any damage on your pocket, because gpu can also be used for gaming

I consider GPU mining dead already.  Most will spend more in electricity then it brings in, so that is not good.  The ones that do profit will not ROI on the card, which again is not good.

So unless you bought card got lucky on coin, and sold cards I don't see a true ROI happening.  Just too pricey on gear for what it makes.
2110  Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH on: February 17, 2016, 07:29:09 AM
batch 10 out of stock ? seems like I just got the last 5 of them Tongue

My guess is the difficulty changing made it where they were not selling to many.  I would think they would wait till after batch 10 shipping date, but I figure we can see a price decrease.

The good question is how much will next batch cost. The last difficulty adjustment and the that will happen on that will happy in about two day's likely will be 35 percent or so is not a outrageous number.  Could be higher or lower...  but will bitmain adjust price that radically? I don't think so but I would love to be wrong.
2111  Bitcoin / Mining speculation / Re: New miner advice on: February 17, 2016, 07:23:57 AM
I'm not too concerned about power cost as most of my miners will be ran with solar power during the day and standard electricity at night with battery backup during the switchovers.

Doesnt that mean you pay electricity half the time?


I think OP will be suprised much much watt's from miners add up to.   Do you know how much electricity your system generates?   I would calculate that and try to stay under at least starting up. 

If it get's real profiitable for you and can mine on normal rates.... you can do it later.  As far as gear current selling is S7 or A6, they are the most current.  There are next gen chips that will hit the market some day but hard to say when.
2112  Economy / Services / Re: [BIT-X.com] Earn Bitcoins by Posting | Signature Campaign on: February 17, 2016, 07:20:01 AM
Still missing payment and becoming a consern,. Hope you resolve problems as last few payment have had problems on.

We were on a streak of 2 working in a row to.  I know they will fix it, it is kinda a bummer for this to happen.  

It's still the best sig campaign.  Just wish we could work out these from happening.  

Hmm, well i got the full payment (just now), counting the posts after the 14th, so at least thats one problem fixed. The ongoing one that really bothered me.

Same here.  Thank you for getting a payment out.   Only thing is with it going past Sunday, Monday and Tuesday posts did not get paid and the counter reset to zero.

If you can do a payment run for monday/tuesday we would be all back to normal and great.
2113  Other / Beginners & Help / Re: Cloud Mining - Please help a newbie on: February 17, 2016, 03:27:04 AM
Some feedbacks are good and some are bad, what you think of hashocean? they said they operate since 2012 without a single delay, but they dont expose their profile.

I'd love to see their payment history on blockchain since 2012. On the contrary, u may check the payment history of www.cloudmining.website on blockchain since 2014 on www.cloudmining.website/payments.php.

Even if they pay on a regular basis, it doesn't mean it's profitable. Cloud mining, by its nature, is not profitable. Even if they pay every day for years, you won't make a profit.

Payment also does not prove gear, which I find scary.  One could send out amounts and say it was mined when infact it's just BTC shifted around and it's part of what you paid. I know this will be seen as directed twords one here, but I mean it as a blanket statement for all cloud sites.  If they are not linked to hardware like hashnest, or have an official statement from a legit miner company I would never invest on the site.

And granted this will not protect everyone there are ones like Asic Miner that went belly up.  But it does stop a heck of a lot of them if you go based on hardware.
2114  Bitcoin / Mining support / Re: Need help starting new mining antiminer s7 on: February 17, 2016, 03:19:39 AM
Hello everybody ,

I am new in bitcoin mining i would like same tech guy for assistance so we can pay the installation and configuration fees as well will teach us bit about bitcoin mining and how we can earning btc elc...


Best regards
Sam

Biggest mistake I can think of with new S7's is ordering the Bitmain PSU and not having 205+ V to start the thing.  So how many volts does your electricity have?  

Did you already order?  Besides power and possibly cooling, the machine is pretty easy with GUI to setup.  

I already order s7 electricity is fine and country weather already cool i am based in lebanon maybe you can help remotly assistance thanks any way for your information .


It is kida plug ad chug on information.  Assuming electricity and PSU work which you said they would, then it should run and be easy.   I don't expect it to be hard on setup.

If you have trouble send  a new post on here.  But I think your likely underestimating what you can do.
2115  Bitcoin / Hardware / Re: HELP - LKETC/Dragon Miner not working snce LCD cracked/broken ???? on: February 17, 2016, 03:16:05 AM
Hi All

I have accidentally damaged the damaged the LCD display on my Dragon miner LCD (REV 1.2) and now it has stopped working ??

The LCD is looks like a broken phone screen, white and black cracked.

None of the 4 blades are illuminating green at all ?

Surely this is just for dispaly purposes and should not effect mining BUT it obviously does Huh?

Anyone got any ideas Huh

Cheers

Odd I'm surprised it can detecct the display being damaged unless something crossed in it that should not.  What I would do is first try to make a backup or pull out SD card and use another one.

I would try a different firmware and disconnect LCD (cannot remember how easy/hard it is been a while since I had a A1 opened).   But some of the firmware was for no LCD on later dragon's.  So later firmware and no LCD seems like it might possibly work.
2116  Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH on: February 17, 2016, 03:12:50 AM
I think they will make another batch and sell again.  I think they have mastered design with least amount of chips needed and high freq.  I think they make a killing when they sell them.  So I feel every batch just means more money for them.  I think we will keep seeing them and they will lower prices based on difficulty partially trying to drum up new sales at lower price each batch.

I agree and am hoping they drop prices to get one final big push of miners out the door before 16nm miners make the S7 a thing of the past.

they will have to be very cheap to be worth anything.. currently, at 10c a kwh they cost around 90$ a month to run, and in 2 days or so they will only make 170$ a month..



they will only be worth while to people with very low power cost.

at 5 cents power or less they are good gear. at 10 cents not very good.

i was thinking about getting one this round but my power costs arent so good..

Costs are based on average PSE residential rates for electric service ($.088594 per kWh [first 600 kWh] and $0.107172 [remaining kWh])


Right now, i'm finding it icky at 0.06$, so i would second your own judgment here. I used to recommend at 0.07 and under. At the moment i would not get in unless i was at 0.03 which myself am not. I'm even considering selling the 2 S7 that i have. Maybe even the Avalons 6 even though they're pretty chill.

I always assumed you had free electricity from your apartment building.

Then you were right.

But I'm moving this spring, and i'm not 100% sure of know how things will be there.

It also coincide with the "cool times" soon to end AND then the halving will be next door. So i'm thinking there will be a speculative BTC spike before the halving, which could be a good time to sell hardware for many reasons.

That is a bummer for sure it seemed like you had a sweet gig with current apartment. You seemed to run a good amount of gear for an apartment... and free is awsome.    Mind if I ask what is making you move?  I would try to stay if I ever found a deal like that.

I am surprised the landlords did not throw a fit though with electricity cost.
2117  Bitcoin / Mining speculation / Re: People so upset about the difficulty they are SMASHING their miners to pieces on: February 17, 2016, 03:09:28 AM
They do in deed double dip or charge a fee for a fee, same thing to me as double dipping . and there so called discounts they get back in other ways they don't lose a thing after my last S5 sells there not again I couldn't believe some of the uness fees they charged me .

btw the Avalon 4.1's i bought off the forums is mining a way i wish i had bought them  back then , i Burt up a breakout board over clocking it to much unless somethng was wrong with that board which i doubt i missed used it by oc to high , those Avalon 4.1's are beasts. saving  for a A6 now ,  i want one just to see how far i can push it.

The odd thing was on last gen the 4.1's were my favorite, they were just so darn quiet.   But when selling last gen it seemed first to sell was Bitmain S5's, second SP 20's, and at last one was Avalon 4.1's it just seemed ebay did not have near as many searching for them.   I was surprised on results.

But it also could have to do with me wanting to sell Avalon 4.1's as a set with RPI.  I did not really want to split it up.  Looking back on the 3 I had I probley should have split up and sold separately.
2118  Bitcoin / Hardware / Re: B-Eleven sha-256 ASIC miner on: February 17, 2016, 03:04:43 AM
Interesting to see some pictures of the B11 Miner although it does not completely make sense, quite apart from looking nothing like the renderings on their website.


Those wires coming out through a hole look very odd?


Rich


Thanks for posting I also find it interesting on pretty different design then rendering.  I do wonder if they make a different one for internal use then external sales.

If I was them I would focus on a miner that is most profitable on sales.  And on internal I would be trying to have more chips, and have most optimized for personal farms.  Having 2 different models might make sense at least at first when filling up their own farms.
2119  Other / Archival / Re: Pictures of your mining rigs! on: February 17, 2016, 03:02:08 AM
people are actually collecting block erupters? heh... i got about 50 of them, hubs included. they... should still work. never tried running them on windows ten. they've been packed away a couple years now.

Oh yea, iv been Trying to get 10 of every color for awhile now. Short a few but try to pick em up here and there. Never know, a set could be a collectors item one day.

They are neat little items that can be displayed.  If you don't mind me asking how much cost do you think it will be for 10 sets?  Also do some colors still have more value?

I remember when they were new I could not understand people paid decent amount more for some colors.   Even back at start was collectors on what colors.
2120  Bitcoin / Mining speculation / Re: How many bitcoins can you mine with a typical computer? on: February 17, 2016, 02:58:43 AM
with server I count 3-4$ in month, so imagine yourself what amount will be with common PC, just forget about it

This is so vague though.  We need to know your server specs just saying I have a server does not mean the same thing as there are HUGE differences in performance and price.   But you cannot generalize gear like a server, you have to put details.  Granted it likely will not pay cost of it... .but still you have to go into it.

I agree cpu/gpu mining day's are over as far as ROI.  GPU might make a little money depending on electricity but it wont pay for cards.  

motherboard: z9pe-d8 ws
CPU cores: 12CPUs x 2.107GHz
Processor Type: Intel(R) Xeon (R) CPU E5-2620 v2@2.10GHz
90 GB Memory
HDD:Intel SSD 750 Series PCIe AIC 1.2TB Internal SSD SSDPEDMW012T4R5
\

is this enough?

Yes that is more detailed by far.  I was not meaning to be rude just that there are HUGE differences in servers.  To say run a server..... is very generic.

You would need free electricity most likely and still not pay off server.  So I do agree with it not being profitable.  CPU/GPU day's are really over.  Some try to keep GPU going... but just not enough constant profit.
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