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2161  Bitcoin / Mining / Re: Tips for Miners on: December 18, 2013, 11:14:07 PM
You can also rotate between Solo mining and Pools.

Like going to work every day and buying lottery tickets  Grin
2162  Bitcoin / Mining speculation / Re: Best miners? on: December 18, 2013, 10:54:43 PM
Hi, I am looking to buy a miner. I want to buy anything upto 1 terrahash.  I can't afford anything that is 1 terrahash or over. I've been looking at the avalon 4 module unit. What else is there?  Thanks
Without a serious "weapon" like a Neptune (price ~ $12,000,000 )  you will be always outgunned as miner.
Consider to invest in coins instead of mining. The BTC price will raise again and you will make a nice profit.

Where did you see the price 12 million?

They did an existing customer batch for 12 or so, and a new customer batch for a little over 15, so total 28 million in sales.
2163  Bitcoin / Mining speculation / Re: China bans Bitcoin, the price go down on: December 18, 2013, 10:53:01 PM
10 seconds in BTCe Trollbox will give you all the news (and FUD) you will ever need.  Longterm no effect.  Short term volume retraction.
2164  Bitcoin / Pools / Re: [2200 TH] BTC Guild - Pays TxFees+Orphan+NMC, Stratum, Private Servers on: December 18, 2013, 10:48:34 PM
keep it up.  Need to get back to 104%+  Grin
2165  Bitcoin / Mining support / Re: Mining directly to exchange account? on: December 18, 2013, 10:44:40 PM
Never use an exchange or pool as a bank.  Only keep $ on an exchange that you're willing to lose.  Of course with no risk come no gains, but there is a risk with all exchanges at present.
2166  Bitcoin / Mining / Re: [Free Plans Too]Possibly the best Mining Monitor I've tried on: December 18, 2013, 10:42:30 PM
For those prices you could have somebody go over to your place and write a script for CGWatcher for you.
2167  Bitcoin / Mining / Re: To start over or not to start over after theft on: December 18, 2013, 10:40:38 PM
See if someone is wanting to sell their hosted miners.  Dalkore has a colocation service - perhaps one of his customers wants to sell.
2168  Bitcoin / Hardware / Re: Take care of Butterflylabs (BFL) on: December 18, 2013, 10:31:53 PM
18th December - still no reply - BFL just doesn't care - they probably already got rich as hell with the pre-orders.

I waited a year and 2 months for my 2 SC singles.. I was withing the first month of ordering. I am 21. This is a big fraction of my lifetime waiting..

The real insult was not letting people get refunds.  Especially when it would make someone else's day because they would get their unit earlier.  I'm hoping some litigation will finally smack them.
2169  Alternate cryptocurrencies / Altcoin Discussion / Re: Which GPU is the next best ? on: December 18, 2013, 10:24:48 PM


jimmothy, is that a good price for a new 7870, or should I keep looking?
Yes, I know enough not to buy any nvidia cards.


Asus HD7870-DC2-2GD5-V2 Radeon HD 7870 2GB RAM GHz Edition PCI-e GPU
Asus Radeon HD 7870 Video Card
$219.98



MSI Twin Frozers 7870 were going for around $120 at Newegg before Black Friday (11/29/13).  Newegg is price gouging right now.  Wait until card prices drop.
2170  Other / CPU/GPU Bitcoin mining hardware / Re: [Urgent] PCI-E x1 to x16 risers in United States on: December 18, 2013, 10:23:04 PM

Sold in US by Amazon but will ship from China most likely.
2171  Bitcoin / Mining speculation / Re: BTC price falls and Difficulty increases on: December 18, 2013, 10:21:49 PM
Everyone under the sun is liquidating their BFL rigs. I stupidly held onto it a couple days too long and are fighting everyone else to get rid of it only to get some better.

My catch on fire every couple of days so I leave them next to the fireplace - saves having to chop firewood.
2172  Bitcoin / Mining / Re: Tips for Miners on: December 18, 2013, 10:15:13 PM
What's the reason for rotating every 15 mins between pools?  Can you get more income that way because you're increasing the pools giving you BTC?  Or does it just decrease variance?

Decreases variance.  Better solution would be to have the miners stay on different pools with backups.  Jumping around PPLNS pools leads to more variance.
2173  Bitcoin / Mining / Re: I cant understand cex.io investors on: December 18, 2013, 10:13:19 PM
I have 13 USB Block Erupters that reached ROI and then some (electricity included). The very tiny profit was invested in CEX and profits from that got re-invested. I also pointed my miners to GHash. I'm not sure that was the best move but i keep my chin over the water level. I don't make a bunch of dollars but i never intended to either. I am on the + side and i also became a hodler a couple of hours ago..  Smiley

Comments?

If you're going to say you made back your ROI (on Block Erupters no less) please specify that you made back your fiat.  No Block Erupters have been able to make back their BTC unless they were purchased second hand or stolen.  Most newbies will think that hardware is worth getting now.

I'm glad you made a profit but the reality is that had the $ been spent buying more BTC directly you would have more BTC.  That's the debate with all the mining hardware now - will you make more BTC with it over its lifetime than you would have by buying BTC outright.  Currently no hardware for sale seems to be worth buying.

Fiat ROI is only realized if it is sold and retrieved from an exchange.  At least with BTC ROI you ca have it sitting in your cold wallet.
2174  Other / CPU/GPU Bitcoin mining hardware / Re: Need help with putting cards on MOBO on: December 18, 2013, 08:50:59 AM
4GB of system RAM?  Mixed cards?

You might be able to get the cards to mine, but it will not be optimal.

You should have 12-16GB with that many cards onboard.
2175  Other / CPU/GPU Bitcoin mining hardware / Re: [Urgent] PCI-E x1 to x16 risers in United States on: December 18, 2013, 08:47:59 AM
Other than finding a generous soul here on the forums, those are your 2 options.  $6 from China, or $30-$50 via USPS here in the US.  It's been the same since 2011.
2176  Other / CPU/GPU Bitcoin mining hardware / Re: Is there an alternative power adapter for BFL 50GH/s miner ? on: December 18, 2013, 08:46:38 AM
Buy any quality 400+ watt PSU locally and just short (with a paperclip) the green ATX lead with any black (ground lead).  It should automatically turn on.  Many others are using real power supplies instead of BFL's since they prefer to not die in their sleep (myself included - I've had 3 BFL PSUs die on 10 miners).
2177  Other / CPU/GPU Bitcoin mining hardware / Re: Knc neptune sell!!PRIVATE BATCH on: December 18, 2013, 08:42:17 AM
I'll buy.  Send me 1.01020304 BTC from your wallet with signature so I can can confirm it's you and I'll pay the amount plus the 1.01020304 back.
2178  Bitcoin / Mining speculation / Re: BTC price falls and Difficulty increases on: December 18, 2013, 08:39:54 AM
If the price crashes too far, everyone will turn off their stuff and the diff will go way down for the few of us still mining out of principle. That might actually be nice, if only briefly.

That's what I meant by a new equilibrium Smiley

So we can buy a pizza with 10k BTC again Tongue
2179  Bitcoin / Pools / Re: [2200 TH] BTC Guild - Pays TxFees+Orphan+NMC, Stratum, Private Servers on: December 18, 2013, 08:34:21 AM
Any chance of introducing other merged mining coins, kinda like ghash.io is doing?

DVC/IXC are truly worthless.  They would be even more worthless if BTC Guild bothered to merge mine them and roughly doubled their difficulty again.

Knowing the load that altcoin daemons put on servers (because they all use extremely old bitcoin forks), I'm pretty convinced that you end up hurting your earnings more than they will add to them just due to the increased rate of stales/time to perform longpolls/work restarts.  Combined they don't even add up to 0.1% additional earnings *at current difficulty*.

Of all the scamcoins/altcoins out there, the only one that is actually something new/useful is Namecoin, even though I'm personally not a major fan of it.  But all the others are mindless clones of Bitcoin that bring nothing worthwhile to the table.  At least Namecoin was designed to do something outside of a cash grab.

Yeah I guess you're right. But I'm wondering what you think about PPC (aka peercoin). Useless?

Don't believe that can be piggybacked onto BTC.
2180  Bitcoin / Mining speculation / Re: Upcoming asic miners dont stand a chance against difficulty on: December 18, 2013, 07:49:13 AM
I personally believe that the network hashrate will begin to stabilize after Q1 2014.
Just my opinion, though.  Wink

As long as there is an efficiency advantage people will keep buying newer hardware.  Once that kinda plateaus off then the purchasing will slow down.  People with free electricity will pick all the older hardware on the cheap and everybody else will buy the new stuff.  We still have a ways before we fine tune the TH/S/square foot.
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