All picks taken from 0.76% to 10.25% with 3 others in the negatives Time for a forum participation medal  The difficult can't take huge jumps like that without hardware being actually built first.
For the hashrate to double will take at least 3 months to 6 months.
It seems to be making a 7% jump with all the ancient hardware being plugged back in. I kind of expected there would be more of those but probably... 1) large farms that have cheap power were using the 1W+ hardware even at $230 so no change here 2) large farms that didn't have cheap power already scrapped the 1W+ and don't have anything to plug back in so no change here I was expecting more old mining hardware to chip in myself but your right mining farms likely kept them offline put them in storage or just plain got rid of them for scrap. That said I'm sure some hash will start entering into the ring sooner than later as people unpack and re-configure into pools. (Like Phillips 1 sidehack compac stick which could be mining for all I know ^_^) Kind of sound like people are just selling all of their older hardware now, insane how even S3's are being grabbed at the prices i was getting S5 last month. A thing we might see is less miners being sold by manufacturers, they might mine with it for now. I'm guessing they will be more inclined to just sell what they need, a small amount to pay then what they need to move. Even Bitmain only sold "limited amount" (their words) for B4 and B5 S7. |
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I should do good I am going to team my S7 up when it comes with my S5. should have 4.86 TH/s + 1.23 TH/s = 6.09 TH/s and with free electric stated in my rent agreement wew ! I would read it and make sure there is not a clause that prevents spikes. Those two are 2300ish watt's so $5.68 per day in electricity so in 30 day's around 170 + all the electricity you normally use (assuming 10 cents this could be wrong). Assuming you use heat for winter I'm guessing that plus over 2k in mining gear will get a call from landlord. But I could be wrong. nope not at all the agreement stated no charge for excessive usage. I am running to S3's + one S5 with a trip lite 3000 watt SMARTPRO UPS and my gaming PC and it is using 1960 watt at the wall and never got a call and wont. plus two refrigerators and 3 A.C units at 1500 watts each. the only problem I get is in the summer when wife turns on microwave or the toaster the main breaker kicks out that's why I bought the 3000 watt UPS. A.C units in summer lol. Good idea on the UPS, wondering if i should get on one my co-used breakers for example there are some breakers i'm not mining on because i need to have access to them for cooking or cleaning etc. But its not like you use them most of the 24 hours in a day. I'm guessing i just need a UPS that will feed the spikes and just drain max 1440watts at any time. Also during the winter, if you have cold winter where you live, the heat generated by the miner is just going to cut the heating bill. Assuming you heat with electricity. |
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[img]https://imagize[Suspicious link removed]ageshack.us/v2/1324x993q90/907/UrR2em.jpg[/img]
[img]https://imagize[Suspicious link removed]ageshack.us/v2/640x480q90/905/qkSk2Z.jpg[/img]
[img]https://imagize[Suspicious link removed]ageshack.us/v2/689x400q90/911/4qmBJS.png[/img] Your links have been cut for some reason. Try this; http://imgur.com/ |
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Here you can check the price on all Brazilian exchanges: http://bitvalor.comRight now available for sale at: R$ 1,240.00 Exchange rate now: = R$ 3.86 So, available for sale right now at USD 321.24 Bitstamp right now = USD 324.3 Bitfinex = USD 329.6 So... it's even cheaper. So maybe the exchange is cheaper, but if you want to take bitcoin out of the exchange, you have to pay tax? Can anybody confirm that? You must be talking about the tax i mentioned? The tax is on receiving fiat from selling Bitcoin, which is improperly tagged in Brazil, as a good of sort. So if they sell 1k worth of Bitcoin they need to pay 300$ which completely kill the deal. Hence why some exchanges had the price at a huge markup. |
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Who has the authority to cancel halving? Absolutely no one, that's who.
Yeah this is nonsense. Also about the blockchain split, in the unfortunate even that this happened, your funds would be availible on both chains, so you would never lose money. I wouldn't worry much about those things tho, I find the whole debate to be very overly dramatic and overblown. Just keep on collecting the cheap coins while it's still 3 figures. Only the funds obtained before the split, not the one after. For a miner this is a problem because they are actually getting the fund in one or the other. Not both. |
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i always send with a 0.0001 fee and it always confirms within an hour or two.
I wouldn't recommend such constant fee, it depends on transaction. Sometimes you can use 0.00001 fee but sometimes 0.0003 would be needed to it confirm in acceptable time. I agree with you but sometime transaction confirmed within an hour or 2 is too long for some business You really gotta have to be cheaping out to save 4 cents on a business transaction. 4 cents for anyone actually using Bitcoin is an incredibly cheap fee compared to other services. I'm guessing most people complaining are probably doing faucets. |
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Just remember, nothing is ever made illegal. 1. Only certain people declare a thing to be illegal. Usually they do it for their own advantage in some way. 2. When something is made illegal, what is really happening is that people are being limited. If you like limitations, simply limit yourself. Don't take my freedom away by limiting me.  This is human evolution:  It makes you wonder... It is probably hard for people to protest and get BTC legalized, as they would fear getting labeled as Criminal partisans. Basically a lot of FUD is being spread as Bitcoin being a criminal's money, even though in reality BTC does not even have 1% of the market cap being used in criminal transactions. Considering how oblivious the masses are to the facts, truth and just plainly what Bitcoin is in the first place, i don't see mass protestation really happening. =/ This is a problem for everyone because letting a country making BTC illegal create precedents for other Governments to use against Bitcoin. |
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There was much hype about the Fed raising interest rates in 2015, but we are still there, at the lowest possible level (wtf, it is even no longer the lowest possible limit). Bitcoin halving in July, 2016, is talked about as much, but will it really happen?
I ain't sure
of course it will happen miners can't just change the protocol, blocks would be rejected by other miners and nodes (nodes aren't necessarily miners) Miners can absolutely change the protocol, with consensus, which will absolutely not happen. The nodes are indeed not necessarily with any hashrate but they also have no voice power. The blockchain follow the hashrate, the nodes are just a tool for broadcasting. Exactly, but if the miners don't get broadcasts from nodes, their version of Bitcoin becomes useless. If miners decide to not participate in the halving they are from that point forward no longer mining Bitcoin, but a new altcoin. It won't be compatible with the true Bitcoin blockchain, other miners and nodes will reject it. Most mining nodes are being run by the pools which have absolutely no interest in splitting the blockchain since anyone who end up on the wrong side will lose money, thus will they. So as long as people do pool mining, there will not be many people trying to mine the wrong chain, nor am i super anyone will really try to mine 25 BTC blocks after the halving, they would squarely get rejected by the network. |
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I have thought about but never tried removing a pair of chips & jumpering the data, it is far from straightforward.
First the chips are difficult to remove you need a decent rework station. Then there are 4 or 5 data signals that will need to be jumpered across the chip(s). Then the power either needs to be jumpered or a resistive load put in it's place equivalent to the effective resistance of the chips at the frequency the chips are hashing at, if this is not done and the power just shorted you would need to reduce the supply by 0.8V, and remove one set of the level shifting diodes.
Finally there is almost certainly something else I have not thought of? In theory it's possible, in practice probably not to be recommended.
Rich
So through all the mumbo jumbo, i understand OP has two bad chips? Assuming there is nothing else wrong with the board... Best thing might be to replace the 2 bad chips from 2 working chips from another bad board. Yes agreed But the OP asked about running with chips removed, so I had a shot at an answer.. Best thing is, as you suggest, to sacrifice a board for repairs, only I guess that does not work if you only have a single failed board to play with. I have not been that successful so far repairing the partially failed board I have. This has been partially because I only had a Hot Air Blower and also that I was never certain if the chip I was using as a replacement was good. Have now got an IR Rework Station so once I have learnt to drive it that should improve things. Rich Sound like you have a pretty nice setup. I'm guessing the first issue with repairing a board is finding out exactly what is wrong. If simply switching out chips, resistors or some other doodad works, you can probably get a dead S5 boards for 50$. Anyways that was the trade-in value before the BTC price raise. Maybe sidehack could simply sell 2 working chips if that is really all that is missing. |
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Not sure if it will pay off, but couldn't resist a B4 for 3.557 shipped. Ordered 2 B5s yesterday for little over 4 BTC each. Hopefully, BTC price will go up or remain the same.
Indeed with the Value of of the BTC raising and Bitmain not raising the USD price... i'd say i'm conditionally revoking my comments that the S7 pricing is overpriced and broken. As long as the price of BTC stays over 350$ for a few months, they are now a great buy. |
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Bitcoin is rising in power and demand. Price has been going upward over the last month. This is a very good sign and might be a future successor of fiat currency. I think it would definitely replace the dollar real soon. I dont think the BTC market cap raising to 100 Trillion USD is going to happen "real soon", or anytime soon, but the current price is a good nudge toward profitability. A couple more 100% raises in value and it might overtake Paypal and others as the "internet currency". |
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I have thought about but never tried removing a pair of chips & jumpering the data, it is far from straightforward.
First the chips are difficult to remove you need a decent rework station. Then there are 4 or 5 data signals that will need to be jumpered across the chip(s). Then the power either needs to be jumpered or a resistive load put in it's place equivalent to the effective resistance of the chips at the frequency the chips are hashing at, if this is not done and the power just shorted you would need to reduce the supply by 0.8V, and remove one set of the level shifting diodes.
Finally there is almost certainly something else I have not thought of? In theory it's possible, in practice probably not to be recommended.
Rich
So through all the mumbo jumbo, i understand OP has two bad chips? Assuming there is nothing else wrong with the board... Best thing might be to replace the 2 bad chips from 2 working chips from another bad board. |
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Sorry for late response. The effect really is minimal. However, there is some. I'd prefer to have my miner with mini heatsinks rather than without. But that's just me. Anyway, I'm going to sell both of my miners now. Including the 3D printed mods. I've also managed to make them work very quiet while still being quite cool. The recipe is: 2 Corsair SP120L (not without L) fans, exhaust side fan duct and top & bottom enclosure of miner's heatsing. The front fan is screwed directly onto the miner while the pull fan pulls the air through the fan duct. The pull fan does all the cooling (it can work without) and the push fan gets some heat off the external heatsinks. With stock frequency I can have both fans working at 70%, which is very quiet, and miners would have HW errors as low as what they usually get with stock fan and stock frequency. With fans at 100% I can overclock the miners up to 393.75MHz for a stable 24/7 run. I'll post some photos of that setup/build soon. Ah, thank you for letting me know, even though late. I have a small pack of 100 mini heatsink, but i did not place them on the S5 since the chip's top are on the other side of the board. Do you put the heatsink on the copper plates? Also i'm guessing you will have no problem selling the S5 at crazy price right now, but if you end up being interested in shipping to Canada, drop me a quote for one/both. |
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Is there any way i can send a second fee to speed it up???
No it cannot be speed up your transaction you should be wait a couple of hours.Because you have medium priority with 0.00009572 btc fee thats why your transaction is low. if your transaction still not coinfirm. It will be rejected.. So next time if you send high amount of bitcoin you need to put a little bit high fee. to dont get this issue again... CPFP is the only way to "speed it up". Other than that OP's transaction will get confirmed anytime from now to a few days. If OP want a chance at doing it faster, Eligius is the only way to go. |
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I may fire the baby up again for swap'ing electric for btc
Just buy the BTC, it's faster. There is something about being a miner. Some including myself truly love it. Its a great hobby for those of us who go over the "home" mining amount. Also it's pretty profitable for some. At 230 I was running profitable..... so at 465.69 (100 percent up) I'm doing very very good at mining. I love it as well especially when my electric is free as STATED IN MY RENT AGREEMENT. I just cant wait to they ship my S7. Nice understatement here, got close to 500$ on Coinbase and I was already running S4 efficiency probability at 220$. The best part of it is the difficulty is not keeping up currently. With the returns on my old miners, picking up S7 lites sound pretty good right now, when S5 and even S3 are being grabbed at crazy prices thats more expensive by the GH/s than a S7 from Bitmain. Not surprised Batch 5 is already sold out. |
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If next time, kidnappers ask a ransom in US $, will Taiwan ban that currency. This is stupid, and it's sad because Taiwanese are smart, educated hard working people. BTC had huge opportunities in Taiwan, so I hope this will not pass into law.
Russia did it, but most Russians are poor and uneducated, Taiwan deserves better.
They are obviously using it as an excuse to ban it. It does not matter if the citizens are smart and educated. If the governments don't want Bitcoin to undercut their earnings, they will ban it. =/ |
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I would like the rumour to be true, a 2 board 3.5TH lower priced S7 makes a lot of sense. Looking back at the original source it has a low key matter of fact ring of truth to it . New s7 information
bitmain told me that new s7 will be released to market after another 10 days, so should be on 10th Nov, they deduce the chip amount on s7, so the hashrate of new s7 will be only around 3.5T. The price for new s7 still under discussion and will be released next week However... if you look at the detail the maths never did add up to a 2 Board 3.5TH S7 more like 3.2TH. The OP was on the 24th October, "next week" for "price release" was last week. 10 elapsed days is Today the 3rd. 10 Working days is this coming Friday which is the 6th and yet the "release to market" is on the 10th? So nothing adds up, so perhaps it was all just confused with Batch 4 & 5 of the S7? Anyway we can live in hope as it would be a good addition to the range and straight competition for the B-Eleven & Avalon6. Rich A 3.5 TH/s would be fine with better thermal dissipation and better volt control for a higher OC i would think, but i acknowledge that the information seem a bit wushy washy. All in all, we'll know for sure in a week and meanwhile no point in planning your finance around the S7 Lite. |
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You've obviously not bothered to verify your account properly or done it incorrectly. I've just logged onto my account and sold a mbit. Process was effortless I'm glad to say. I guess you need to move your coins to sell elsewhere or contact support.
He said he also can't withdraw, sound like his account was frozen pending investigation or something. Personally i haven't seen the chat on tonight either so saying they are "gone" as in "they scammed be and now they're avoiding me" is a silly thought. |
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Coinbase with a greyed out sell button Does that mean your account might not be verified? Well, I'm logged on. So I'm not sure why it would qualify as unverified. Can't you just chat with the live chat support and directly ask them why this is the case? I have absolutely no problem whatsoever with Coinbase. And verification is you verifying your identity by giving them a copy of your driver license or such. Just logging in is not having a verified account. |
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It would be hard for them to enforce taxes if the user knows what they are doing anyway.
Sure, but its not any easier or harder than tracking if someone is evading taxes while is being paid cash under the table. At some point, you need people to just come up and honestly pay their taxes like a "good citizen". I just think profit on Bitcoin mining or trading etc should be declared as income like any other source of income. Of course if someone wants to do tax evasion, BTC does make it handy. |
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