"Spotted Dick" ... Now where have I last heard that term. Ow.. I remember in "Shanghai Knights" movie  Server: Spotted dick, sir?
Roy: What?
Server: Spotted dick?
Roy: Can you believe this guy? I'm trying to get something to eat and he's asking me if I got the clap. You mean a spotter duck right ?
No he means this :  |
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Before anyone shits down my throat - these are just guesses! Feel free to correct me. We're at 350ish PHash, so I would say that represents about 250MW of demand. I would guess that 50-75% of that power comes from 1-5MW operations, mainly due to the lack of "giant" data centres.
To answer OP's question: That would require those companies opening their books to you... which they won't. None of them are "public" companies, so we have no access to their financials.
Biggest miners? These are all more rumour based than otherwise, so you can't quote me.
Bitfury - 20MW data centre in the Republic of Georgia + other data centres, I can't really say how much more
KNC - 10MW data centre in Sweden
ASICminer - 10MW in China - They appear to have stopped adding capacity, but may have far more than 10MW
Bitmain - 10MW in China - Have stated they are not adding capacity due to electricity costs, but they may have far more than 10MW
Those are your "biggest" players
Minor players/former players
Spondoolies - their 5MW mine burned down in October
Chinese operations - there are numerous 1-5 MW operations in China - fewer than there used to be due to their power costs, but still several
Then you have 5 to 10 large mines in the United States and Canada who host for other parties (ASICspace, Great North Data, Mega Big Power, Bitcoin Asic Hosting, Segmining etc.)
And 3 to 5 large mines (at least one is run by Verne Global) in Iceland who host for other parties like Spondoolies cloud mining, Digital BTC etc.
What are their margins? Well, that's basically their electricity cost in these jurisdictions
Republic of Georgia - 3-4 cents/kwh
Sweden - 4.5 cents/kwh
China - 5-7 cents/kwh
US and Canada - 2.5 - 5 cents/kwh
Right now, with the best equipment, if you're price per kwh is above 10 cents, you're making less than 50% profit, before the cost of your machines, facility, electrical work, cooling, employees etc.
Which is to say, if your mine is in a 7 cents/kwh jurisdiction, you probably are not making any money. The electrical panels and transformers alone will be more than $500K per MW. (New and high quality equipment. See the Spondoolies mine for why you don't want to cheap out on your electrical work.) And then throw in the cost of mines.
Margins, even at a slightly recovered price, are tight.
That's more than information I can compute. Thank you for this. I was just wondering maybe there was a way to know how much profit these companies make but as you mentioned it would be impossible since they won't give out such information. |
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It's really good to know that old people know how to use bitcoin too.  JK  Happy Birthday. Sir! |
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Wow, this is really cool. Who ever thought of this idea, thanks to him.
This will really help in adoption of bitcoin.
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I mean these guys need to be stopped if what we hear is true then they are the sickest vile human beings of recent years or are they?
What do you guys think do you believe what you hear and see on the news or is it just the media doing what they do best? 'lying' and blowing shit out of proportion..
They have captured a lot of the middle east has anyone got contact with friends or family who can say yay its true or nay it is not as bad as made out?
No, Media is not lying about them. They are the Sickest, can't even be called humans. I have seen videos on some sites and they were removed because it showed them slaughtering innocent people and it was disgusting. But sadly we can't do anything but hope that nations get together and fight these evil monsters. |
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How is it that some people are able to send low fee transactions and get faster confirmations? I have received couple of transactions in the past where the sender sent with fee as low as 300-400 satoshi and they got confirmed within a few minutes. And I always add 10k Sats miner fee at-least yet my TXs take a long time to confirm.
It has to do with the size of the transaction, the amount is made up of parts of other blocks to meet the value, if it is put together with a lot of small amounts the size in kb is bigger then when it is put together by bigger chunks. I see. Thanks for your explanation, I understand a little about it, I guess I have to read on about TX fees in details to understand completely how it's done. |
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I am looking to work on a small addon to Electrum just to learn the client. I need something cool to do.
Would you be interested in a new field, similar to the "fee" field, but instead tips the electrum server which you are currently using?
Brilliant idea! A simple field next to miner's fee which says "Electrum Server Tip/Donate" or something like that would be really very useful. And help the server runners run their servers far more effectively. |
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You're right OP, as long as we stay in media it's good, even if it was for a bad news, it creates curiosity and give people chance to learn and discuss. Which in long run helps Bitcoin.
But this is just my understanding and opinion, please don't bash me for it.
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How is it that some people are able to send low fee transactions and get faster confirmations? I have received couple of transactions in the past where the sender sent with fee as low as 300-400 satoshi and they got confirmed within a few minutes. And I always add 10k Sats miner fee at-least yet my TXs take a long time to confirm.
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I recently got a new computer and therefore instead of resyncing i just imported my priv keys into blockchain. I just went to send my first payment and something screwed up. Any help is appreciated. I don't know where the .07 was sent as I didn't specify that address?  I am guessing when you entered your private key into that blockchain wallet, you sweeped it and did not import it directly. And if this is correct the funds should in your blockchain wallet in one of the addresses. |
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I am using Authorize log-in attempt on blockchain.info.
It is active in several hours ago. But now I do not get Authorize log-in attempt link send to email.
Just want to ask anyone encountered a similar case. And how to fix it ?
I have faced similar problem before but I received the email after a short while. What email are you using? Wait a little longer but if you think you have waited enough, try to contact their support. PS: Blockchain wallet seems to be having some problems lately. It is recommended to move your funds to a desktop wallet. You can choose one from here: https://bitcoin.org/en/choose-your-wallet |
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I have a twitter account with a unique name @cryptoknite and it's about 3 months old but it doesn't has any tweets or followers but you can buy some points and get those with services like addmefast or like4like very easily. Let me know if you're interested.
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Hi, I previously requested to save a slot for the full member but kindly disregard that and please give it to anyone as I have decided not to join this campaign. I think jumping campaigns just creates problems for everyone. So I'll just continue with my current one. Thanks
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everything normal for me I think the problem on your browser or internet speed connection  I can see that page. As I said I am able to log-in but can't click the top right buttons, "BALANCES", "ORDERS", "SETTINGS". But you're right maybe the problem is on my side. |
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Anyone else having trouble opening Poloniex wallet. It's not working for me.
I am able to log-in but can't click wallet or settings.
Edit: By wallet I mean which shows the balance of your coins.
what do you mean with "trouble"? it is fine for me, no trouble when i check it maybe it's your browser problem I have checked with Firefox and Chrome, I'll check again. I am not able to click on those buttons. I'll check again.. |
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Payment received. Thx But kindly add the appropriate fees with the transactions. As it is it takes too long to get confirmations.  |
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Which are the biggest Mining companies today and how much Profit they make per day? From Block rewards + Miner's fee etc after taking out all the expenses.
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Anyone else having trouble opening Poloniex wallet. It's not working for me.
I am able to log-in but can't click wallet or settings.
Edit: By wallet I mean which shows the balance of your coins.
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Loving it, any mention in media or film is good publicity to me!
That's right, it creates a curiosity among the show watchers and it might help get more people involved in Bitcoin. wow wow wee waa  Time to google her. |
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Can I ask a question ndnhc? Did you designed the signatures?? Coz I tell you they look awesome! dude  . The colors are so eye catchy, they simply grab attention. Which is one of the reason I am hoping to get in this campaign, I wanna wear that flashy full member sig |
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