stfu basher!! :\ you are such a self serving person i hope you lose your shirt shorting&distorting <<< I'm saying that IF, IMHO ...a run up is due to this in the next month, it will be rinse/wash/repeat back down to below 6k again unless you have some other info on why the rise is happening? sheesh...chill.... |
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My working assumption is everything is a bubble...so looking at crypto/alts/btc etc and my traditional investments and retired and house paid and no debt
if it all dumps above to 1/2 the value I still can have my somewhat modest 35K or so lifesyle I had the last 25 years...more or less
pay off some credit cards..get some new tires for the car...etc etc...I myself am expecting the next 5 years to suck and at least a 40% recession
(20% correction is a normal recession)
thus...if I'm wrong great...If I am correct...it will keep me from having too much angst about all this because I don't know nor have any control anyway
except for maybe the above and no debt
be proactive....just saying
if really, really lucky crypto and btc really will act as a store of value like gold and go sideways if not up on the above
but not counting on it....if I am right I'm prepared..if I am wrong I'm pleasently surprised....
anyway, my coping mechanism..been through 4 or 5 recessions....better to do some stuff in preperation up front...we certainly are due a downturn in the
traditional markets anyway....my 2 satoshi's worth
brad
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Fuck all our luck. Carolina or bust.
Carolina may be a frigging tease......( I wish BTC to be a wanton slutty money grubbing...whoxxx OK you get my drift) I mean if we are gonna play 'gold digger' ....well lets take the gloves off baby.... |
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Hodling all the way down was the functional equivalent of falling into a 6 months coma. Waking up to that has been terrible.
I resemble that remark....  the above picture (future) is also frigging likely as well....FML |
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yeah...what I figure..took 1/2 of my BTC and Crypto and 1/2 of my traditional stocks etc and IF I manage to continue to stay out of debt (and house is paid) I can slide by on my usual 35K salary I had before I retired in Jan 2018 (3 years early) and same with alts and such till at least 65 years and have another small work IRA to get me thru that last year to full retire at 66 years, and keep my BTC and maybe some alts in the process. Also at 65 you can take medicade thus that is another 14k saved a year too boot... so i can slide...thru what I see as a complete sh*tstorm in the next 3-5 years so pay off your j.c. penny card, get new tires, neuter the cat, get some debt down ANYTHING before this all happens...so at least if it does go kaput with a nice deep 40% correction you can say at least i did xxxy of course I hope that if such happens BTC and crypto would act as a store of value and go sideways or up in value while stocks etc dumped but the above is 1/2 of all my crap gone..stay out of debt ... and still float is the goal hopefully, I'm wrong and all will be just dandy crypto and otherwise...(but not seeing it) later brad |
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I don’t see only 20 mins either It's at the bottom of the screenshot. Yeah, kinda clear he said he got one of these...makes it all look even more fishy....thanks for the link.... brad |
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Still looking for some Titan Cubes and or a full set. Full set Titan setup 4 cubes 300mh configuration with ribbons card etc I'll take off your hands for $150 complete w/o shipping. Any Titan cube alone, I'll take off folks hands for $45, including the same price for the controller also w/o shipping again, this is not including shipping ...(but don't go crazy on that either) bare bones prices...purely priced in toy mode in that LTC I think I lose $4 a day at 14c kWh rate.. raised the price...dorking around with scrypt-pow dust coins and such others...stuff to do...hoarding hoping the pump by winter hope I can find enough dust coins to make up for heat this winter at least...a long shot..but stuff to do..i really liked my $17 buck heat bill a month...so seeing if this goes anyplace...and again, toys and I have the means sitting around here to mod and repaste them..may as well put the fans/maxumark brackets and the rest laying about to use yet) anyway, so it goes we can do escrow and/or you can accept my 20+ deals with comments and my 180 trust rating and Legendary as proof enough..(see my deals in profile on bigger stuff than this with a handshake) whatever you may be comfortable with we can figure out. toys,toys,toys...frigging BTC better pump for these sh*tcoins to work someday, I'm attempting to hoard with titans.....lol  later brad |
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LTC is gonna take a hit here soon.....all scrypt-pow coins IMHO....
right now ..at current LTC and pow-scrypt prices the hardware that has 90% of scrypt pow miners still mining..including LTC
is the Bitmain L3+...well, if 90% of the miners that exist for scrypt-pow are by Bitmain and they say 1/2 can't cover electric
at these prices..they all go off at the same time...the catch is eventually if it is NOT working for some (the preimer miners) and
eventually difficulty passes that make sense to mine scrypt-pow...there are NO other miners to replace...all scrypt-pow would
then centralize to bitmain and they also will have 51% of LTC network
thats the catch...no other miners to replace..then centralization ramps up big time
add to the fact of the 'supposed' bitmain miner with 3x the capacity and same watts more or less..and the usual bitmain process
of mining like hell for 4-5 months before offering it to the public..you could see a complete clean slate of equipment wiped out
with the only option (in scrypt pow) of buying dubious bitmain equipment because those 90% now L3+'s still mining would then
be kaput
would be dumb IMHO for bitmain to do that..but monoplies usually eat their young and do stupid stuff..
so expect this coming down the pike...no advantage to current L3+ owners if the conditions become ripe for all to shut off
and new equip exclusively to bitmain for the next 4-5 months would pretty much take care of that..
we will see...sold all my bitmain L3+'s and I'm out now....not gonna play their game..if such a 3x the speed unit exists
I see a hit coming in this area...can't help btc price either these kinda games
hope I am incorrect about the suspected new equip and the games above but bitmain has done this kinda thing before
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lol
nobody is going to stop mining
fool me once...shame on...shame on you...fool me, can't get fooled again
2% already did, presumably, or more accurately, 2% of hashing rate retired (temporarily or permanently). There might be another 10% in the next mo if price stays the same. LTC is gonna take a hit here soon.....all scrypt-pow coins IMHO.... right now ..at current LTC and pow-scrypt prices the hardware that has 90% of scrypt pow miners still mining..including LTC is the Bitmain L3+...well, if 90% of the miners that exist for scrypt-pow are by Bitmain and they say 1/2 can't cover electric at these prices..they all go off at the same time...the catch is eventually if it is NOT working for some (the preimer miners) and eventually difficulty passes that make sense to mine scrypt-pow...there are NO other miners to replace...all scrypt-pow would then centralize to bitmain and they also will have 51% of LTC network thats the catch...no other miners to replace..then centralization ramps up big time add to the fact of the 'supposed' bitmain miner with 3x the capacity and same watts more or less..and the usual bitmain process of mining like hell for 4-5 months before offering it to the public..you could see a complete clean slate of equipment wiped out with the only option (in scrypt pow) of buying dubious bitmain equipment because those 90% now L3+'s still mining would then be kaput would be dumb IMHO for bitmain to do that..but monoplies usually eat their young and do stupid stuff.. so expect this coming down the pike...no advantage to current L3+ owners if the conditions become ripe for all to shut off and new equip exclusively to bitmain for the next 4-5 months would pretty much take care of that.. we will see...sold all my bitmain L3+'s and I'm out now....not gonna play their game..if such a 3x the speed unit exists I see a hit coming in this area...can't help btc price either these kinda games hope I am incorrect about the suspected new equip and the games above but bitmain has done this kinda thing before |
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It has nothing to do with having a will or a ball to do that, it has to do with the consequences of doing something like that and the revenue they make every year is huge. They have a mining farm, a mining tank and mining equipment manufacturing. Now the question is do you think they will ruin all the empires that they have built? a 51% attack? I'm sorry, because I do not understand. It is impossible if the construction company will be destroyed.
You are likely correct..however, they will soon (if not already) have 51% of the BTC network..and soon they will have (if as I suspect they have the supposed 3x the speed at same watts LTC and scrypt-pow miner) own 51% of the LTC network and likely as they have (currently) 90% of all scrypt-pow miners that still can make a profit mining...51% on other scrypt pow coins as well... that much power they will try to 'lever' it in some manner..if not 51% attack .thru some other influence..it is what Bitmain does... Bitmain: evil never rests (tm bitmain) |
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some fairy tale devices that have 0 evidence of:
1. A working product
"The bittube guy" is actually the only person (other than the scammer, if they're not the same person) who claimed to have tested a partially working product. So despite your valiant 6-paragraph attempt to deflect, he can only blame himself for this debacle. If he's such an astute businessman as you're claiming then I hope he will realize that it's not worth damaging the reputation of his business by covering up a scam. Let's start with high-resolution pictures of the device from all angles, with a current date and the businessman's name on a sheet of paper. Same with the shipping label. Not a huge request, is it? Unless he doesn't have the device. Yes he could take pictures and post them. But you people started all this wrong. If you approached him differently who knows, maybe you would already have pictures available. It was really not the correct way to handle things. But as I said I told my opinion and I am going to sidestep this whole thing. I have no ordered any dwarf miner devices and do feels for those who did. Although I don't see how they fell for obvious scam its still an unfortunate event and I would like to see 0 such scams in the future. we have pictures (IMHO just a doctored FPGA card from 2014 when they were common) also the demo video also looked iffy... I too never got one of these...but been on Bitcointalk since 2013..and have seen 'dozen's' of these scams ..and they all play out the same they NEVER give out a unit to a high ranked trusted member to verify on bitcointalk....the ones that were legit like Innsilicon (review group buy longsnowsm) and he also got Baikal as a review..this is the FIRST THING A NEW PROCUCT MAKER DOES AFTER THEY MAKE A THREAD ON BITCOINTALK TO MOVE THEIR UNKNOWN MINERS...this is due to the scams...without this way forward (see above) IT IS ALWAYS A SCAM... So all you have said is completely backwards..it is up to the OP to prove his device exists..not up to folk here following the thread to 'force' him to do so in some manner..and many legit ..and former group buy and testers of the above previously mentioned equipment above ..did just that and were told to 'screw off' thus another in the long line of scams on bitcointalk... hopefully, not many people fell for this brad |
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Pooler, how is the state of litecoinpool in terms of financial stability? I am hoping that it is making a nice profit to help keep the lights on and you interested in continuing its development!
Our profits may not be as big as our competitors', but we are fully aware that financial sustainability is of the utmost importance for a PPS pool. We try to maintain a reasonable "buffer" at all times, so that we can sustain relatively long periods of bad luck. Also I'd like to mention that, even though litecoinpool.org was never profit-oriented, it's always been one of my favorite projects. I've never given up on it just because there was a lack of profitability (and in over 6 years that happened quite a few times), and I still don't intend to. I did not with my rant..mean to imply that litecoinpool has any issues as quoted above...but I do see a DOWNSIDE on scrypt-pow if Bitmain has new units and releases now and other factors....we could have 6 months of turmoil on tall this ..reflected in high miner costs and low LTC prices... On the other hand, I am hoping that Charlie Lee's buying partial into a bank with LTC foundation..will finally allow debit cards for LTC https://oracletimes.com/litecoin-ltc-foundation-purchases-9-9-of-germanys-weg-bank-and-teams-up-with-tokenpay-tpay/if that is the case..the next 6 months we may break even and at least be above water..if something like that was to come to pass soon but with again Bitmain controlling 90% of the miners still doing LTC, and only game in town, along with LTC prices now...IF difficulty surpasses price much more..they will be doorstops..which means NO ONE but bitmain ..is likely able to mine LTC, due to their low electric costs but mainly with their 20c on the $1 advantage on equipment...it just does not bode well for LTC and scrypt-pow coins so again at best I see 6 months of angst...till all this plays out...it is just gonna get ugly...I myself will not play Bitmain's pre-order game of 5 months in advance, while they mine with equipment and shoot up difficulty over those months.. it's a fools game..but I expect they will try to do this anyway. So anyway, litecoinpool will survive just fine...as to us mining LTC since 2014...well that is to be determined by a lot of stuff out of our control brad |
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Lying is quite wrong either way. Whether smaram lied about ever having the FPGA, or is lying now trying to cover up the scam. Fallacy of the excluded middle: it is entirely possible he is telling the truth, and was scammed just like the rest of these poor suckers. Now please consider this: No, the fact is he lied - he promised (TWICE!) to provide additional info and he didn't. Furthermore, occam's razor for me says it is just highly unlikely that someone preoccupied with running one of the more successful and complex cryptonote projects would want to get involved with some stupid scam, in such a public way, with no escape route.
That's not how Occam's razor works. There is absolutely zero proof of the miner ever existing. The scammer absconded with the money. The only other person who claimed to have seen the miner is having a tantrum and threatening with lawyers instead of taking a few pics. And he's the one telling the truth? Come on. In the end, what are the facts regarding Saber? He claims to have been shipped the unit he ordered, he said that it worked, but not well, and he said he would provide pics when he returns home. Could he have been shipped the unit? Why not -- the dwarf scammers obviously had one "working" prototype (which just remote-controlled a rig, imho), which they could easily have shipped to him, after creating their now-deleted youtube videos.
That explanation fits the facts just fine, and is what I will be going with until presented with some actual evidence to the contrary.
There can't be actual evidence of something not existing, it's up to smaram to provide proof that he didn't lie because he's the one making the claim that he got the miner. It's funny how this thread is being flooded with noobs and accounts woken up after months of hibernation, all so suddenly eager to whitewash the scam on page 52. I wonder what Occam would say about this. yeah, you nailed it..also if a product did exist THAT DID NOT WORK WELL..then a NORMAL OP , would ask for advice on here etc deafening silence...it never existed in any way/shape/form scammers are now just using this thread as an experiment to see if they can double down and confuse and such on this silliness like pulling wings off a fly..something to do ..if cruel and bored...sorry for those who lost btc brad |
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So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!
Plus it is not clear whether this time the application will be finally approved!
What do you think?
None of the previous attempts were successful so why would this one be any different? I don’t forsee it gaining approval, no. I do hope I’m wrong though because if it was approved I think the price would pump significantly. It has a chance of approval because it is positioned as 'NOT for plebs' ETF and we all know that SEC only cares about that crowd. Even with $6000 btc, each share in this ETF will cost $150,000. Bingo. An ETF for retail investors would be summarily shot down. This ETF is for the wealthy. The SEC will not squander an opportunity to help the rich get richer. It's the first step toward getting a retail ETF for the plebs approved. The wealthy elites need to be able to get in at the ground floor though, since that's where most of the money will be made. I'd expect the first pleb ETF to be approved when Bitcoin is at $50K+. info - If the SEC approve an ETF tor the wealthy what effect do you think this would have on the price? Give me numbers brother! it would not be numbers IMHO, or even the above 'limited' ETF, it would be like when futures was approved and say, now the above approved 'rich folk' ETF etc. Thus that 'movement' alone, towards regulation and moving forward, even if I could not afford the ETF, would send the price higher for BTC, because we can still get in on that part of it! Remember 85% BTC has been mined, and getting damn hard to mine the rest! At least for us that have/buy/use BTC. It would be an 'off to the races' signal IMHO. HODL would again be the new 'normal'. |
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i kindly believe smaram is victim too.
just talk friendly please, he s not bad person.
Something still seems odd here. He must have known the scammers in one way or another to order a prototype unit. And he's very defensive about it, shifting blame. He may be a victim, but the victim is not cooperating very much to reveal information about how they obtained these units and whether they actually exist. At least some people ordered the units because he said he actually had one, regardless of how badly it worked. If we're getting the police involved, they should talk to this guy first. It seems he is the closest to the scammers here. He may not have been part of the scam but may lead police to the scammers. Even if they sold half of their dwarfminers, 2500 units, that's still about a $2 million theft at BTC prices middle of June. was a labeled likely FPGA card from 2013 when they were common...big whoop...did not exist..move on...most folk I know could make something that looks like that with a PCB kit in an afternoon...its a scam...folks that said they ran/or saw one..probably mean a faked video..those how to say they actually got one...are newbie accounts and part of the scam...the scammers have moved on, IMHO, the newbie accounts here saying they are/were legit are just the scammers..playing psych games with users on here to see how gullible people are for their next scam..they are just poking you as a lab rat saying sh*t existed... you are being 'played' by newbie accounts on this topic brad |
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Hey Pooler,
I sold my 8,000mh of Bitmain L3's and L3+ scrypt-pow miners, so I'm off the pool. Thanks for the run. Back in the day I think I got as high as 25 on all time list and was 2 on the
daily list for a while....I made 12,700 some LTC on your pool and should have kept them ALL.....(sigh) like 99.99998% or so of LTC holders, before April 2017 when LTC was $4.15 usd
and below...I swap'd for BTC or spent it....alas...
anyway, with Bitmain controlling about 51% of the pools for BTC and 90% of scrypt-pow miners that are still mining.. and soon will be at 51% for a lot of scrypt-pow coins like LTC, I doubt I
will be back to scrypt-pow and LTC.
Bitmain has a method where they will mine the summer, IMHO, with NEW EQUIPMENT, supposedly, at 3x the speed now and the same power, more or less and as a 4 month or so pre-order
thus the game is they will further run the difficulty up 30% or more over the summer before you could even get their units..if this is the case (again IMHO)
Thus with 90% of LTC miners and scrypt-pow now being Bitmain L3 and L3+ units...IF they all have to shut off...I really, really doubt I'm gonna play Bitmain's game
and start from scratch with new units as a pre-order in the fall.
Thus a lot of folk on your pool may move on unless some competitor comes in and stifles Bitmain...but alas it is looking a lot like 2014 when small fry BTC miners went the
way of the dodo
anyway, what I see coming down the pike this summer..so I took the $$$ and ran like heck!
anyway, hopefully, I'm wrong..but my logic on what I see as MORE than a bit of 'centralization' on Bitmain's part of scrypt-pow and LTC at least for the next 6 months
anyway, thanks for the pool...if it ever makes sense to come back ..I will simply fire up my account and start it up again
brad
I started mining with some moonlanders (totally not profitable with a high initial cost, but they were fun), but recently moved up to a Innosilicon A4+ and am pretty happy so far. Do you know for sure that there is a new machine coming out from Bitmain? Innosilicon seems to have the edge with hashrate efficiency for the time being, so its odd to see that Bitmain still is so dominant in the LTC space with their L3+. The difficulty seems to be pretty even lately, so what makes you think that Bitmain is up to their old tricks (and boy do they have a terrible reputation at that...). With the prices where they are, I assumed that the market is just saturated with machines and there isn't a huge incentive to come out with new hardware unless the price goes up a bit. Would love to hear more about your thoughts on it whole thing. Pooler, how is the state of litecoinpool in terms of financial stability? I am hoping that it is making a nice profit to help keep the lights on and you interested in continuing its development! My assumption is that Bitmain has a new unit out...now if they we're smart they would NOT release it IMHO, and just mine like heck at these prices with their advantage of not only cheap electric but also the fact the equipment likely ONLY cost them 20c on the $1 at most, on top of that! Thus with everyone else (90% of all scrypt-pow (LTC) miners that are still profitable to run at say 8c or less kWh electric) they can also take advantage of the difficlulty drop ...so if I was them I'd skip this generation of miners and pound it...going full evil and all) BUT, they made so many other asic miners of many flavors, I doubt they don't have something on the shelf ready to go again, the danger is IF they release the 'supposed' 3x miner at the same watts say...they will be the only one mining pow-scrypt....all the L3+'s or 90% of miners still hanging on would shut off...also in that case (wanted or not) Bitmain would probably over the summer fill their data halls with such and then say pre-orders in the fall...the pow-scrypt miners would then WATCH as Bitmain raised difficulty 30% of more over the summer while they filled their data hall with new equipment and pre-order stuff in the fall...thus the L3+ would NEVER catch up ..thus if you want to mine scrypt-pow YOU'D HAVE TO START ALL OVER AS A PRE-ORDER WITH BITMAIN EQUIPMENT end of fall... so if they were smart they would hold off on such a product...unless they really do want 51% of scrypt-pow and LTC and other crypto's which would be damn easy to do IF they blew out the L3+ till end of fall, before you could get a equiv unit. But monopolies always eat their young and go too far..thus it is possible the above is true and would ramp out with new equipment as above just saying...for what I got in price for my miners and the advantages i had with equip/tax and other tricks..it was a no brainer, so I punted evil is as evil does...I still think they are dumb enough to think they can own the scrypt-pow and LTC networks for the summer, blow out all the old products like the L3+ due to difficulty and expect the 'sheep' to line up and re-build scrypt-pow miners again from them as pre-orders in the fall....again with no other mnfg's owning 90% of market rinse/wash/repeat I don't think people are that dumb and will walk..but we will see.... brad |
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I used the right word. I've looked this up before. Only a few months ago because I just to make sure I was doing it right. Then refers to time, than refers to consequence. If it doesn't look like bitcoin is rallying, than zoom in and out until it does. I went to the store, then I went home. Are you willing to bet your dick on that? Well no... maybe I misunderstood what I purposely went out of my way to make sure I learned... Here's an easy way to remember the usage of than and then : I would rather have a bottle in front of me than a frontal lobotomy but if I had to have a frontal lobotomy, I would rather have a bottle in front of me then the frontal lobotomy. edit: that was lame... I'm going to bed  don't matter much where I'm at ..in Minnesota...everyone just uses then (just the way it is midwest accent and all) ...just saying er just to be clear ...they SPEAK then for everything as well...so the written word just follows what ..Minnesotan's say...anyway... brad |
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Hey Pooler,
I sold my 8,000mh of Bitmain L3's and L3+ scrypt-pow miners, so I'm off the pool. Thanks for the run. Back in the day I think I got as high as 25 on all time list and was 2 on the
daily list for a while....I made 12,700 some LTC on your pool and should have kept them ALL.....(sigh) like 99.99998% or so of LTC holders, before April 2017 when LTC was $4.15 usd
and below...I swap'd for BTC or spent it....alas...
anyway, with Bitmain controlling about 51% of the pools for BTC and 90% of scrypt-pow miners that are still mining.. and soon will be at 51% for a lot of scrypt-pow coins like LTC, I doubt I
will be back to scrypt-pow and LTC.
Bitmain has a method where they will mine the summer, IMHO, with NEW EQUIPMENT, supposedly, at 3x the speed now and the same power, more or less and as a 4 month or so pre-order
thus the game is they will further run the difficulty up 30% or more over the summer before you could even get their units..if this is the case (again IMHO)
Thus with 90% of LTC miners and scrypt-pow now being Bitmain L3 and L3+ units...IF they all have to shut off...I really, really doubt I'm gonna play Bitmain's game
and start from scratch with new units as a pre-order in the fall.
Thus a lot of folk on your pool may move on unless some competitor comes in and stifles Bitmain...but alas it is looking a lot like 2014 when small fry BTC miners went the
way of the dodo
anyway, what I see coming down the pike this summer..so I took the $$$ and ran like heck!
anyway, hopefully, I'm wrong..but my logic on what I see as MORE than a bit of 'centralization' on Bitmain's part of scrypt-pow and LTC at least for the next 6 months
anyway, thanks for the pool...if it ever makes sense to come back ..I will simply fire up my account and start it up again
brad
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All I want is SIA to stay alive, I bought a couple Obelisks and even a Minebox to support the network.
If SIA can make what they envision work, it's only time before profits can be made.
It's a big IF but I'm happy to wait and see what happens.
My problem is the deafening silence of them with the ASIC's supposedly released next week.. also, the minerbox was late right? Are you making even enough with the minerbox to cover electric at least? (grasping at straws here) want to be wrong but: 1) vague email about how hard they are 'trying' to get the Obelisk units out...2 weeks before they come out (sounds like a stall for being late) 2) no INFO on how they plan to compete against Amazon cloud at their 10c to $1 difference in price and centralized vs decentralized sia-tec vision...where is the hype? do they expect JUST to turn on the ASIC's and Amazon Cloud just rolls over and dies? No one using this kind of storage in mass every got fired for using Amazon Cloud. so how do they get market share with NO noise...(ie deafening silence on this) 3) and of course the fact that current siacoin price it is IFFY if they are even worth turning on...def not worth paying shipping and setup and data hall rates IMHO whatever, we will be the first to know...I guess brad Minerbox is unaffiliated with the SIA team. Essentially all it is a proliant microserver: https://www.hpe.com/us/en/product-catalog/servers/proliant-servers/pip.models.hpe-proliant-microserver-gen10.1009955118.html With a supposedly modified version of Rockstor: http://rockstor.com/When I say supposedly modified, I think the only modification is adding the sia wallet and automatically setting it up for you to share storage. I can't speak for OP but I'll let you take a look at the current pricing and decide for yourself if it looks profitable lol: https://siastats.info/storage_pricingthanks for the link..will file it away.... sent you a pm on some other issues brad |
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