|
Li, let's start talking about S7 hosting.
|
|
|
|
|
I hope sfards makes some new miners soon before the LTC hashrate goes into the shitter.
|
|
|
|
If anyone is looking to buy some hosted S5s shoot me a PM.
Might be a good idea to do this in your own thread instead of using someone elses thread  Sorry, these are hosted with Li and I've seen it done this way a whole bunch of times. |
|
|
|
|
If anyone is looking to buy some hosted S5s shoot me a PM. Includes hosting fee for September! Let's talk.
|
|
|
|
|
alienesb 4 1EojRw84fJvmPKZExBS4LzPnzKrbYFbCpX
|
|
|
|
So... what is the BIG news about GM ?
I had the time to watch the webseminar :-)
Webcam installation. No Project x. Not surprised. Maybe Project X was devaluing all the scrypt contracts then running the crap out of them for their own benefit after we paid off the hardware. Yeah I'm still jaded about that. |
|
|
|
May I ask what is the estimated speed of the Nvidia 750 ti use ocl ...for some reason I have been unable to use the Nvidia miner that is out, error and closes... Is there perhaps another miner available for 750 ti ...?? Anyhow just looking to put an appropriate speed number in my mining bat for pool...Thanks  OpenCL works, try that. |
|
|
|
Did you buy your used A2 for the same or more than the guy who sold it to you bought it new? The point is not that selling hardware secondhand is in general a bad thing - by no means am I saying that.
The point is selling hardware secondhand for more than it is likely actually worth in order to recoup your investment is a bad thing - which is to say, "making about 1/2 or so back on your money and you sell them used for just about the price you paid for them new" (if not more).
Unless something atypical like flat diff is happening (which can't be counted on enough to "rinse and repeat") and the viability of the machine is actually retained during that time, selling it for near new price after several months means ripping someone off. You get your "ROI" by effectively stealing it from someone else. That's exactly what's happening with Bitmain selling used S5 for the same or more than they sold them new several months ago. If the diff had gone up more than about 10% in the last six months (like the 50-100% that would have been expected had the trends of the previous two years kept steady), nobody in their right mind would be buying S5 for the same money they paid at Christmas.
I feel the argument should be well-qualified enough to require no further defense, and as it's pretty off-topic at this point, I'll say nothing further on the subject. How 'bout them BM1385 chips, eh?
Huh? I use the same strategy with my ASIC purchases and obviously there is a lot of guesswork and a little bit of luck involved, but I have profited off the S1, S3, S5, and SP20 by using this same strategy. When I decide to sell my old gear, I do so based on what I paid for it, how quickly difficulty is rising, what I have mined so far, the season of the year (save on heating bill in winter), and the approximate going rate for the miner on the second hand market. I list the miner on ebay at 0.01 cents with no reserve, offer free shipping, set it for a week, and thats it. Knowingly misrepresenting a miner as new, something it isn't, higher performance or better condition than it is, etc are all bad things. But if the free market is overvaluing mining gear at a particular moment in time, I'm stealing from someone if I sell it? That doesn't make sense. Some people have cheap or free electricity, some people dont care about ROI and it's just a toy for them, some people are simply making a poorly timed purchase because they don't know how to properly assess the value of the mining gear. It doesn't matter. As long as they are freely choosing to purchase the item and I am not misleading them, there is nothing wrong with it. It's value is exactly what the free market will pay for it. Sometimes the free market overvalues a product or service, sometimes the free market undervalues a product or service. If you are able to accurately gauge the true value of an item better than the rest of the market, whether it is the ASIC market, stock market, or hell, the grocery market, you will gain anytime you are able to sell something while it is overvalued and buy something when it is undervalued. This is just how a free market capitalistic economy and natural price discovery functions. Alright, maybe I should simplify a bit. Selling used miners at fair market value is good. In the past five months or so, with relatively flat diff, the FMV for something like the S5 has been relatively unchanged, so running one for five months and then selling it for new price actually works. However, for the several years before then, and for the future probably starting within the next two months, the diff is not flat. So the current conditions are somewhat of an aberration. The guy is saying the proper course of action has been, and will be, to buy a miner, run it, and sell it for approximately new price. So let's say someone buys a $500 miner, expected breakeven about 9 months out with typical power cost. He then runs it for three months. The diff goes up 25% in that time (4% biweekly increase, historically fairly reasonable). He then tries to sell it for $500. Would not you assume he's a fool? Would not you assume anyone buying it would also be a fool? Would not the expected market value for that $500 machine have dropped, probably to below $400? With the exception of the past few months, this has been the case since the first day of ASIC mining (or FPGA mining, probably even GPU days). Depreciation keeps pace with diff increase (and is slowed by increasing coin price, but historically increasing coin price increases the diff even faster). Take a look at what S1 prices did in early 2013. Diff went way up really fast, coin prices went down, and the price for an S1 dropped about 90% in something like four months. You think my December S1 would have sold in March for the 4BTC paid for it, or more like 8BTC if priced in dollars? Only to a fool. So I'd say that, in general, with some exceptions, someone who takes a sizeable chunk out of the viable life of a miner and then sells it at new price is not selling at expected fair market value, and someone that buys it probably didn't do his research to know he was being ripped off. The point is not, and never has been, that selling secondhand hardware at fair market value is bad. The point is, and always has been, that successfully selling used hardware at well above market value is taking advantage of a fool, which is unethical. Implying that the proper strategy for making positive returns on mining is (and always has been) taking advantage of fools, well I like to think this community is better than that. So if a farmer buys a tractor and uses it a couple of seasons then decides to sell it, and because that tractor is no longer made but is still in demand, he manages to get just about what he paid for it back is that wrong too? It's supply and demand. At one point Bitmain sold miners in the $340 range then at another they were selling for over $450ish and at times they just were not available. It's about percieved value to the buyer and that is not ripping someone off. You have a rather jaded view of the secondary market. I bet there will be people selling your stick at higher than sticker price on eBay. |
|
|
|
Some of you guys are funny with your talk of "roi." Here's how it's supposed to be done... you buy the newest miners you can, you run them for a few months making about 1/2 or so back on your money and you sell them used for just about the price you paid for them new (in the case of S5s even more money!) That's how you "roi." Rinse and repeat.
Might as well mine altcoins with it while you're at it, that way you guarantee that all the money you make (instead of only half) comes from ripping people off. Whoa, how is selling something at a market price "ripping people off"? I've bought tons of used stuff including miners, never felt ripped off if the item came as advertised at a mutually agreed upon price. Now Bitmain selling dusty smelly miners as "new" is a different story... How is what he's describing not exactly the same as Bitmain, with the exception that Bitmain still calls it "new" hardware instead of "used"? Depreciating the crap out of something and then selling it for new price almost guarantees someone gets screwed. If you can actually pull it off either something weird's going on (like this year's flat diff) or the purchaser is an idiot. That's silly, there is still plenty of life left in the miner and it's a way to transfer risk. I'd never sell them as new and everyone knows what they are getting into. I have an a2 I bought used and have been running it since November; I don't feel ripped off and why should I? Is it wrong to generate some income now? Should we all just hold? |
|
|
|
|
Some of you guys are funny with your talk of "roi." Here's how it's supposed to be done... you buy the newest miners you can, you run them for a few months making about 1/2 or so back on your money and you sell them used for just about the price you paid for them new (in the case of S5s even more money!) That's how you "roi." Rinse and repeat.
|
|
|
|
|
Did anyone get their hosting fee email yet?
|
|
|
|
|
I finally got my withdrawals. Just .37 worth but it came last night.
|
|
|
|
PACMIC v4 will be interesting.
Maybe v3 is based on the new chip... it would make sense with the 666 pricing and the .66V of the new chip. |
|
|
|
|
Time to start saving coin
|
|
|
|
Also keep in mind, that many of the attack dogs in this thread are from competing cloud-mining operations, or those who are trying to get referrals for those other sites - look for their affiliate links in the signatures of their posts.
Hashflare and Hashocean use fake testimonials, proven with simple image searches - so beware.
Haha you're great, keep it up! All those competing cloud-mining operations must be why there are 6 days worth of withdraws queued up in my account. Well I guess they would have gotten away with it too if it wasn't for you pesky Scrypt.cc defenders! |
|
|
|
Please help me.
How do I enable a manual payout at clevermining.
There doesn't seem to be an access button on the web page.
That's because there is no manual payout. |
|
|
|
Hey guys,
I'm hoping someone will have some input to a problem I just started to have with my S5.
Yesterday I noticed that the red light was on. When I turned it off, I noticed that the unit was extremely overheated. I let it cool, then turned it back on. This is what is going on now.
1. Unit has some trouble connecting at first, but connects and hashes. No Xs.
2. THE BEEPER RINGS NON-STOP!! This is very loud and annoying.
3. The lights in the back blink red and green together, every few seconds.
Can anyone help. I would like to get this thing running safely again and I really don't want to set things on fire.
Beeping and a hot miner usually mean no internet connection. |
|
|
|
I am a believer that both will gain some substantial value especially LTC after the having coming soon.
I believe Litecoin already had it's "halving runup", just as I suspect bitcoin will see some price increase late next spring anticipating it's halfing probably in mid-July. The good part is it still should kick the older generation of asics offline and make room for more efficient miners, if this will be enough to accommodate the half amount of coins I have no clue. it would be nice to see all of the zeus machines running on cheap power shut down. |
|
|
|
The validity you ascribe to an IRC mod is a distortion of reality you created on your own.
Oh my god man, you're absolutely out of your mind man. If you ever had a purpose here, it's long since past - now you're just attacking everyone who has a point to make, because nothing you say is of any interest to anyone. Too bad you can't make any money from the time you waste in here. The fact is, the whoever-the-fuck who operates scrypt.cc has appeared there to deliver messages - the last time he has sent a message here, in your little kingdom, was two years ago. So it is not the validity "I" ascribe to the IRC channel that is of any consequence .. get it!? Understand there little one!? Ok .. back to whatever the fuck you think you're doing, you spastic freak. You keep coming back here to bitch about an IRC room. That might be the saddest thing on this thread. And please show me where I'm attacking "anyone who has a point to make." If you can stop rage-sharting for a few minutes. EDIT: I couldn't even finish this post before you're back here ranting about IRC and your namesake again. You're bent, sister. Seek medication. Yeah it's kind of sad funny. |
|
|
|
dont really care at all about withdrawls..... i want my missing khs! over half gone! has anyone gotten ANY response from support in the past month???
This is a silly statement, who cares about the count of your KHS when you can't withdraw anything? Makes the point moot. |
|
|
|
|
Show Posts
