Continuing to mine a coin that you are sure will increase in value is otherwise always going to be far more profitable than shutting your miner off.
Then its better to mine it with GPU, because its much more efficient than a B3. Bitmain Antminer B3 was built to offload non-seller called SOPHON BM1680. They developed those chips 1,5+ years ago and nobody wanted them. B3 (Sophon chips) are not developed to mine Bytom. With some weird coding tricks Bitmain successfully managed to make those chips mining Bytom. Then they put all BM1680 into some aluminium boxes and called it "Tensority Asic". Haahaa! I thought ASIC's are chips, special produced to do computing operations at max efficiency. If all GPU's (maybe CPU also?) are much more efficient than BM1680, why should I use Antminer B3? @Bitmain: Stop telling us lies about hacked/stolen code! YOU can develope chips/ASIC! Some non professional coders managed to beat your B3 using GPU!! GPU is not a specialized chip to mine Bytom. Thats the best proof, your BM1680 is not built to mine Bytom. Bitmain, you scammed me! You sold a super hightec special developed ASIC to me,which is NOT! You sold me old and almost useless chips, packed into a box and telling me "look whats that? Our new ASIC Miner!". somewhere in the thread I and others mentioned this. These units are the A.I. units for artificial intellegence...been aroud a year or so....so they built a coin around the units when they became and/or saturated the A.I. market. Bitmain: rinse, wash, repeat. And of course it did not work, but damn they moved a lot of old A.I units out of production for new A.I. units from the $$$ to be put into newer research labs...of course they expected it to work well enough that they could rinse/wash/repeat that as well so yeah, it was a 'trap' indeed...consumers left holding the bag...I new this to be true ..in that THE NEXT DAY they had these B3 miners to sell ie...no pre-orders... sorry for your loss, we have all been there. myself, I doubt I will buy any 1 algo miner from anyone again, FPGA maybe or something where firmware can be adjusted...I think pow-scrypt may actually die from bitmain's stunts....as a 'former' big miner (30 plus units in a data hall of various mnfg's) I'm out...to hobby mode..IMHO this is not the time to buy equipment if you do want equipment i'd hoard coin and wait for a 'hopeful' 25% pump of the current price..then consider it. At this price of 8k sideways price it makes no sense and at 6k it makes no sense ....this added to the only option is bitmain etc...best maybe to wait till 2019 and look for new options and/or save crypto on the pump. w/o a pump ...no reason to get new equipment even if it made sense.....sideways price is always sketchy to dump eventually again IMHO again sorry for your loss |
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On a side note, so in Puerto Rico, you still pay taxes on stuff outside of the Island. So the only 'real' advantage is, from what I understand, no capital gains taxes.
But on the other hand, Puerto Rico has a Commonwealth tax, but I can't seem to get a handle on what the covers. Also local and sales taxes.
others? Anyone else researched this and can whip some numbers at me to compare?
unlikely to act on this (coward) but curious
brad
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meanwhile got this from Sia-tech...seems my 'guess' for the middle of August at the soonest they send these was correct. (doorstops on siacoin anyway, not sure it matters) anyway, for those 'wise' enough not to get any units here is the email ======= start of email ======= Getting Closer Since we sent last week's email, we've been troubleshooting and addressing issues as they arise. Our manufacturers are ready to ramp up at a moment's notice, with all materials on hand, and we are confident that we'll be able to give the go-ahead in the next few days. Some slowdowns we've faced in the last week: Control boards were drawing too much current and a component was overheating. We troubleshooted and made a couple changes to the bill of materials (BOM) and are happy to report everything is working. Heatsinks were not sitting flush with the chip, causing poor thermal performance. We troubleshooted and tried multiple solutions, and have settled on a fix that will be easy for our manufacturers to implement. We are posting updates multiple times per day on the #general channel in our Discord server. The team is almost always online to answer questions and share progress. Additionally, we are now posting a daily update in the #announcements channel. If you want real-time updates, pictures, and videos, we highly recommend that you join us on Discord! Tomorrow we will be doing more firmware optimization and expect to share hashrate figures at end of day. We are also working to complete the firmware that is installed on boards at manufacturing, which is the final step before giving the go-ahead to begin mass production. Thank you so much for your support! Please let us know if you have any questions. Best, - Team Obelisk ============= end of email ============== Again, no firm 'date' anymore, the fixes, again IMHO, look problematic, and the firmware looks 'interesting' to say the least? Again, at my return (use what to mine) it is 45c a day. So this all is a 'moot' point. Anyway, for those who did not get the email, here it is. [/quote] https://forum.sia.tech/topic/1652/introducing-siaberryos-a-linux-operating-system-for-using-siacoin-on-raspberry-pi-3  gooo siaberryzzz ~we are developing a new coin * same algo / improved diff adjustment tho >>> stay tuned >>> * BTI * SiaLibre * [/quote] Again, unclear on how this is gonna help if it is on a 'raspberry pi'. I 'assume' that this coin will work on ANY blakeb2 miner? well, hell, it's something anyway. brad |
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I keep having this dream where Bob covers my naked body in gluten and feeds me to a Canadian. What could it mean?
With all the 'bacon' in the Candian, I'd suspect he/she would explode! just saying |
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The distributed cloud storage data technology of SIA project is excellent, and the development prospect is worth looking forward to. At present, buying SIA coins is a good choice
If they had the 'network' in play at a competitive price and promoting it against Amazon cloud etc I'd agree with you. I see this is not happening before the ASIC's hit. Thus at best the ASIC's take all hash from GPU's ..then the difficulty goes up from the ASIC's ..then the ASIC's get shut off, because more to run in electric than the coin. So without that network in place pumping things along, the coin will simply die....again deafening silence. No promotion to compete with Amazon. The price/network/electric/ASIC's etc just are not showing as economically do'able. 45c a day, don't cut it for me and 2.25 or so in electric a day. They will likely stay in the box. we will see, but I'm not seeing a lot of 'meshing' of the vision in all this stuff lately. brad note: my ASIC's are supposed to be here by July 30th. We will be the first to know I guess. |
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When will the Obelisks be shipped?
questions on this are: 1) when shipped? I figure at best middle of August with their firmware issues...expect another 2 wks to a month to tweak it. 2) will the obelisks simply blow out the GPU cards? or will they not even be turned on because they don't make enough to pay elec to run? 3) will SOMEONE or ANYONE make a decent blake2b coin with hooks other than Siacoin that an obelisk could mine? 4) will their be a 'decentralized' network in place and advertised as an Amazon Cloud killer in 10c to $1 price as promised? or just meh... 5) will they fork to another token/coin if/perhaps if the ASIC's can't be used due to economics on their decentralized cloud vision? Again, deafening silence on most of the above brad SiaLibre bridge is coming soon from the BTI/siaberries(blake2b) DEVELOPMENT team  ~hodl BTI !!! ===>> https://freiexchange.com/market/BTI/BTCconfused on what you mean exactly? Befuddled? |
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That network hashrate has been bonkers lately. I really am starting to believe that bitmain is "testing" some new miners. What do you guys think?
Likely...I got out of mine at 5,350 USD sold the equiv of 16 L3+'s with Bitmain PSU's ..and feel lucky I got that... but that was my bet...Bitmain being evil and all ..new equipment...thou if they are using the R3 chip like their USB hub miner there will not be THAT much of a hash increase...we will see but again I'm out (whew!) brad I actually just picked up an A4+ (becausse screw bitmain), and its been making a profit with low energy costs. But something is definitely funky...I saw bitmain tweet out today about a new transparency initiative. Its pretty laughable but we will see what happens in the next few months. I'll be mining until then! I have a 'theory' on pow-scrypt mining right now 1) You 'probably' should take the money you have, that you want to apply to ASIC's from anybody, and just HODL it in the crypto of your choice and hope for a pump...unless BTC goes from 8k to 10k well what is the point of getting equipment NOW..you take that cash now ..put it in an equip fund and wait maybe for the next generation of miners (or not) and stay away from pre-orders....with bitmain mining pow scrypt in the meantime with new equip that don't work at all. say you toss in 4K ...if it does go to 10k you now have 5k then you can look around and test the waters..but YOU don't have to put it in equip at that point...choices.. 2) doing it this way...IF BTC dumps back to 6k say...you likely should not have gotten a miner of any ASIC flavor anyway...and you have either cash or crypto for your troubles not a 'doorstop' miner. So, if I'm making sense, IF you are betting on a PUMP to make mining work and get an ASIC miner, make the coin work for you and ride it up ..then make your decision at say a 20% gain in value (hopefully) and cash or whatever to use ..as the 'fund' towards next-generation equipment (which has it's own figuring out if worth it) and again...if it dumps back to 6k you will be glad you did the above..in that you are not holding the bag on a doorstop or pre-order. 3) Myself, UNLESS I am 'excited' about a product like I was this last April on L3's from China with LTC at 4.15 a coin or something where I see it as something, to do. I really need to do ...I will simply take out a 4-8k loan from the bank and do it that way....not touch my crypto. In other words, if it is NOT worth a 'bank loan' to do. Then don't! The logic has to follow the risk. 4) You probably should just HODL the coin...at least IMHO till next year or next generation ASIC stuff with ASIC makers taking your coin and you get it as a pre-order 3-4 months later and the Bitmain monopoly..driving the difficulty up ...while they mine the new equipment in the meantime...well that ain't gonna fly anymore..have a plan. 5) also in my view, as a toy, I'd likely only be interested in FPGA type of machine like Baikal x10 or some such ..1 shot pony, 1 coin miners of BTC etc...just don't cut it for me anymore...modifying the miner for making mining new algos they can program is attractive...not sure it will happen, but attractive. e) IF you have stuff in the attic that you will die with ...and want to make the attic a rec room and get say 4k that way....and use it to fund a wild shot at a miner go for it...No risk...make your attic (empty) into a rec room and the house value goes up 10k or something. (I should do this) that kinda logic works for this. but anyway, my take on this...I will have to be 'woo'ed' flowers/candy/romance/dancing....not gonna just fall on my back and let Bitmain have their way with me anymore just saying  If the math/timing etc don't work well enough, for me to go to the bank (like I did this last April 2017 for 12k and get L3's etc) .. then it probably is not worth getting the miner, any miner, any mnfg, any ASIC flavor...ie I take my 'crypto' ball and go home. These days, as they pop out ASIC miners from 'everyone' like toasters. So if the price is gonna go from 8k to 10k 'save' crypto etc as above. Then consider a miner after you maybe build your stash say 25% or some such on the pump. If BTC price goes 'sideways' at 8k ...again, no need to get a miner, more reason to wait for next generation or other types of miners/ASIC's or whatever. IF BTC dumps in price to 6k. Obviously, getting a miner before that would be a 'regret' Also, I use BTC here as a payment option, and the fact Altcoins follow the price of BTC up/down/sideways..but the HODL coin options work for any crypto with the above I need motivation enough that I go to the 'evil' banker again and take out a LOAN, if that doesn't cool my jets, then ya, likely I should get the miner. Again, I have to be 'wooed' damn it! anyway, my take Brad |
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FYI.
I make 45c a day at my data hall rent and electric rates on Siacoin, this is after electric is paid. FML. They likely will be worth
more in the box/virgin in 20 years, then what I could mine them for.
brad
(I used what to mine calculator)
edit: clarity...if I got an obelisk sc-1 miner today.
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I left checking prices for last few days and it is above $8000 now. What is the reason ?
my only conclusion, after 5 years plus in BTC is that the current Bitcoin rise in price is due to: "Unicorn Fairy Farts" or UFF. The UFF factor seems strong this month, IMHO. brad |
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When will the Obelisks be shipped?
questions on this are: 1) when shipped? I figure at best middle of August with their firmware issues...expect another 2 wks to a month to tweak it. 2) will the obelisks simply blow out the GPU cards? or will they not even be turned on because they don't make enough to pay elec to run? 3) will SOMEONE or ANYONE make a decent blake2b coin with hooks other than Siacoin that an obelisk could mine? 4) will their be a 'decentralized' network in place and advertised as an Amazon Cloud killer in 10c to $1 price as promised? or just meh... 5) will they fork to another token/coin if/perhaps if the ASIC's can't be used due to economics on their decentralized cloud vision? Again, deafening silence on most of the above brad |
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That network hashrate has been bonkers lately. I really am starting to believe that bitmain is "testing" some new miners. What do you guys think?
Likely...I got out of mine at 5,350 USD sold the equiv of 16 L3+'s with Bitmain PSU's ..and feel lucky I got that... but that was my bet...Bitmain being evil and all ..new equipment...thou if they are using the R3 chip like their USB hub miner there will not be THAT much of a hash increase...we will see but again I'm out (whew!) brad |
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The USSA has unveiled a $12tn (£9999.1tn) plan aimed at helping USSA farmers hurt by the intensifying trade war.
The aid is intended to protect the industry as countries raise taxes on USSA products such as soybeans in response to new Chinese regime tariffs.
The USSA plans to provide subsidies to farmers and buy unsold crops, among other measures.
H.E. Donald Frederikovich Trump has promised the aid after respectful requests from farmers, a negligible part of his support base.
H.E. Trump has said his tariffs - which he earlier described in a tweet as "the greatest" - are intended to pressure countries to change their policies toward USSA exports.
In a stirring speech on Tuesday, he said farmers would be the "biggest beneficiary" of the disputes after countries strike new deals.
You know, at a glance this seems really... not helpful? Players of the Civ genre will know that food is the single most important resource. This makes sense. So according to most on both sides of the aisle, politics-wise...Trump puts on tariffs...farmers are in trouble ...so taxpayers help farmers...and this is all due to a dubious reason for tariffs anyway? I guess it is a good way to waste 2x the money... As the village resident leftie I thoroughly approve of welfare for commercial farming operations. Agricultural subsidies are Making America Great Again. /s No problem with agricultural subsidies to farmers....but we are going to do these, because Trump Admin started a trade war they can't win with tariffs? seems silly, IMHO....make a problem...toss more $$$ at the problem that goes away when you stop making the problem (trade wars) What is likely to happen IMHO, is Congress will simply not approve of the bailout (assuming they can do so) yet at the same time support the trump administration trade war stuff... (no one it seems, will take on Trump...they might not get re-elected if a Republican). They can show they stopped Trump on the farmer's bailout..yet still claim that they support the President with the tariffs. (win/win fence sitting before November elections) crazy times brad p.s. edit a link https://www.yahoo.com/news/republicans-denounce-trump-plan-welfare-farmers-hit-tariffs-205952800.html |
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The USSA has unveiled a $12tn (£9999.1tn) plan aimed at helping USSA farmers hurt by the intensifying trade war.
The aid is intended to protect the industry as countries raise taxes on USSA products such as soybeans in response to new Chinese regime tariffs.
The USSA plans to provide subsidies to farmers and buy unsold crops, among other measures.
H.E. Donald Frederikovich Trump has promised the aid after respectful requests from farmers, a negligible part of his support base.
H.E. Trump has said his tariffs - which he earlier described in a tweet as "the greatest" - are intended to pressure countries to change their policies toward USSA exports.
In a stirring speech on Tuesday, he said farmers would be the "biggest beneficiary" of the disputes after countries strike new deals.
You know, at a glance this seems really... not helpful? Players of the Civ genre will know that food is the single most important resource. This makes sense. So according to most on both sides of the aisle, politics-wise...Trump puts on tariffs...farmers are in trouble ...so taxpayers help farmers...and this is all due to a dubious reason for tariffs anyway? I guess it is a good way to waste 2x the money... |
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Username/UID: pawanjain
Bitcointalk Rank:Sr Member
Current number of posts: 1199
Bitcoin Address to send the payment: 3A7XsWneHzbQ3Tcw2PZgN9Khr7dDAPBJQx
Willing to be accepted on probation as well. Hoping to stick around for a long term.
Hello Lutpin, You have not accepted any members recently. Does this mean all of us are rejected ? Kindly provide a response so that we can proceed further. Thanks We're in the middle of a round, don't expect a reply until close to the end of it. He has already stated that he does not add users mid round as it would make no sense. well, with the stats page not showing this last start...no idea on my postings...ahead of the game for next week or not... oh well...I will just punt..left a PM to the OP maybe he will see this here brad |
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what do you think about this? https://medium.com/adamant-im/fair-delegate-system-in-dpos-568e5c3c86c8Vote weight = ADM / Votes,
Where Vote weight is the value of the wallet’s vote, ADM — the number of ADM tokens on this wallet, Votes — the number of votes of this wallet.
Suppose Bob has 100 coins, Alice has 80. Bob votes (delegates influence) for Bill and Helen, and Alice for Mark. Since Bob votes for two delegates, his vote is 100/2, that is, 50. Then Bill and Ellen have the following impact on the blockchain: 100/2 = 50, and Mark — 80. That is, Mark’s influence is greater than that of Bill and Helen. In the case of Lisk’s dPoS, Bill and Helen are more influential (100) than Mark (80), and that is unfair. hahahahahaha. what is that? another dead lisk fork? good luck with this.  i am not talking about the project. i wanted to let you know about the DPOS change they made. the previous DPOS change or are you talking about a DPOS change that is current? brad |
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So last week I got the dreaded "verify your source of funds from cryptocurrency" letter.
I had made some sales in the first quarter and they just got around to asking me now.
I will not name any institutions.
The information I provided was approved, but it really highlights the need for permission-less money. ( Bitcoin )
Proof of mining was acceptable along with some purchase data.
I had the SEC after me by my banker (he made an error on a 99,999 check that was 12k to a BTC maker in Sweden KNC.and saw BTC and called SEC) The SEC guy on the phone, heard my proof (had copy of wire xfer) the guy then tried to jam me up on taxes (this was 2014 spring of) I slapped down tax forms done from the CPA..the SEC guy on speaker phone said, 'why am I hear' and that was the end of that. been "pure" as driven snow to IRS since. Had to double down for 4 years or so on miner equipment vs profit electric/ the equipment tax breaks etc.. (thank god I did not do that this year) so it all worked out. So anyway, when BTC makes it big time and I have the boat and sports car and 'trophy girlfriend' and IRS shows up...I will simply laugh and flaunt it brad |
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bumped
revised 7/22/18. You tell me what you need we can dicker. (may not go anyplace...I have no life...what the heck!)
brad
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Well, obviously folk do not like my prices. So if you have ANY KNC Titan boards or KNC Y
power adapters or titan cubes, etc. I'm also interested in Neptune Controllers. Let me know
and we can haggle on price.
I think probably, folk will want more than I'm willing to pay to 'dork around with this more' but
we will see. At least we will both know.
thanks
later
brad
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I tell new people who want to get into BTC and crypto with little risk to simply 'attic mine' stuff...
look in your attic (my attic has about 5k of stuff from friends that had computer stores back in the day and such..none of it is
worth more than 25 bucks but on average most of it is not worth any less...I figure about 5K)
I have not done this either ..should have done it in 2013 when I started.
Anyway, you clear all the stuff out you would likely die with and grind thru and sell it on eBay. In my case 5k and put into BTC.
If crypto and BTC goes full 'tulips'
you now have a clean attic, fix it up into a rec room and your house goes up 10k or some such...no way to lose.
(except for the awful and the mind-numbing boring cubicle type work to get it listed and sold on eBay)
anyway, my best advice for new people getting BTC and or crypto without a lot of 'angst'
brad
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