here is what would happen if I left crypto...it is how I roll...I always 'assume' I will sell or buy at the wrong time....so...assuming I crack up and ...

yeah... I can see me panic selling BTC like a 12-year-old child...taking 25% hit say (15% cap gains and 10% state)...then putting it into the stock market and recession

a normal recession is 20% loss...thus now down 45%....but with Trump in office and the long time since last recession....call it 40% correction. Say recession takes

the usual 7 years to come back.....and in that time...I'm watching Crypto and/or Gold going at LEAST sideways if not ups...

so I hodl..worse case..I blow all my crypto at 1K or less BTC and still stay retired till 65 years (and start living off traditional investments 1 year early and have medicare already)

so ...people can beat me up on my $5,131.80 KNC Jupiter BTC miner from 2013...where all this came from, and me not selling at the right time...I can at least state

that and retired 3 years early...certainly nothing I ever expected getting that unit in 2013...and I will call it a win in my mind....if nothing else.

but damn, a 40% deep recession (likely IMHO) and 25% tax hit and be 65% down in fiat...if such happened with stocks/Edward Jones...THEN watch

crypto go sideways or up ...say like gold...naw....best to just ride it in the ground.....better story anyway, when they stick me in the nursing home someday...the currency

of nursing homes is 'stories' ....chump or champ..this was a doozy

(sorry to expose everyone to my convoluted logic)

So anyway..in HODL mode...riding it down...my current 'theory' is EVERYTHING IS A FRIGGING BUBBLE and BTC is just the first crack in the ice....thus my logic on this....warped

thou it may be!

brad

yeah... I can see me panic selling BTC like a 12-year-old child...taking 25% hit say (15% cap gains and 10% state)...then putting it into the stock market and recession

a normal recession is 20% loss...thus now down 45%....but with Trump in office and the long time since last recession....call it 40% correction. Say recession takes

the usual 7 years to come back.....and in that time...I'm watching Crypto and/or Gold going at LEAST sideways if not ups...

so I hodl..worse case..I blow all my crypto at 1K or less BTC and still stay retired till 65 years (and start living off traditional investments 1 year early and have medicare already)

so ...people can beat me up on my $5,131.80 KNC Jupiter BTC miner from 2013...where all this came from, and me not selling at the right time...I can at least state

that and retired 3 years early...certainly nothing I ever expected getting that unit in 2013...and I will call it a win in my mind....if nothing else.

but damn, a 40% deep recession (likely IMHO) and 25% tax hit and be 65% down in fiat...if such happened with stocks/edward jones...THEN watch

crypto go sideways or up ...say like gold...naw....best to just ride it in the ground.....better story anyway, when they stick me in the nursing home someday...the currency

of nursing homes is 'stories' ....chump or champ..this was a doozy

(sorry to expose everyone to my convoluted logic)

NO..from what I understand?

you would be reimbursed in fiat at the time the BTC was seized...it seems you can, however, get it in fiat or BTC it seems...

from my point of view, allowing people to choose BTC for payment ..even at the old 'rates' is good...those folk may HODL still for the hell of it...

when the mt. gox trustee was liquidating all to USD or whatever...that was a 100% hit to the market

.it was ALL out of crypto ...so market effects of IF most take BTC will be minimal IMHO

I can't remember but I think the original value of all the BTC if there had been NO mt. gox meltdown would be 23 billion dollars now

at least the owner of mt. gox 'supposedly' is not getting any of this (i kinda still doubt he is not getting a taste of some..but unsure on these details)

Well, the whole Obelisk Sc-1 thing may pretty much be moot and a wash..this is what I get 1 month before the units supposedly ship...

using what to mine calc with data hall rates and elec included (14c kwh in my case) So a whopping 54c a day profit per unit or for 30 days that would be $16.20!

I suppose others with better electric would get closer to $1 a day...but again with ASIC's and I anticipate difficulty rise that may well disappear in a month

(again, unless their supposed decentralized network is up to speed to hit the road, as they have claimed, at 10c a $1 to Amazon's centralized storage)

Again, I have my doubts....anyway, for those who were wise enough not to get any of these units..where it the decentralized network by Sia at the ASIC side.

https://whattomine.com/asic?utf8=%E2%9C%93&factor%5Bsha256_hr%5D=14000.0&factor%5Bsha256_p%5D=1370.0&factor%5Bscrypt_hash_rate%5D=1000.0&factor%5Bscrypt_power%5D=1600.0&factor%5Bx11_hr%5D=34000.0&factor%5Bx11_p%5D=2100.0&bk2bf=true&factor%5Bbk2b_hr%5D=800.0&factor%5Bbk2b_p%5D=500.0&factor%5Bqk_hr%5D=3300.0&factor%5Bqk_p%5D=120.0&factor%5Bqb_hr%5D=3300.0&factor%5Bqb_p%5D=130.0&factor%5Bmg_hr%5D=3.3&factor%5Bmg_p%5D=50.0&factor%5Bsk_hr%5D=1.7&factor%5Bsk_p%5D=40.0&factor%5Blbry_hr%5D=20.0&factor%5Blbry_p%5D=200.0&factor%5Bbk14_hr%5D=80.0&factor%5Bbk14_p%5D=205.0&factor%5Bpas_hr%5D=20.0&factor%5Bpas_p%5D=105.0&factor%5Bx11g_hr%5D=0.45&factor%5Bx11g_p%5D=70.0&factor%5Bcn_hr%5D=55.0&factor%5Bcn_p%5D=140.0&factor%5Bcost%5D=0.14&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=binance&factor%5Bexchanges%5D%5B%5D=bitfinex&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=cryptobridge&factor%5Bexchanges%5D%5B%5D=cryptopia&factor%5Bexchanges%5D%5B%5D=hitbtc&factor%5Bexchanges%5D%5B%5D=poloniex&factor%5Bexchanges%5D%5B%5D=yobit&dataset=&commit=Calculate



Name(Tag)
Algorithm    Block Time
Block Reward
Last Block    
Difficulty
NetHash
   
Est. Rewards
Est. Rewards 24h
   
Exchange Rate
   Market Cap
Volume    Rev. BTC
Rev. 24h    Rev. $
Profit    Profitability
Current | 24h
3 days | 7 days
Sia(SC)
Blake (2b)
   
BT: 10m 50s
BR: 139,562.00
LB: 160,438
   
44,021,320T
67.73 Ph/s
-4.7%
   
219.1304
208.8625
   
0.00000171
(Bittrex)
0.3%
   $372,574,115
217.57 BTC    0.00037
0.00036    $2.21
$0.53    53% | 51%
51% | 48%

Well we need under 1K btc for me to unretire from my early 3 years ahead on such.  

So riding btc to the bottom holds little risk vs working for some smuck again.


Bitcoin giveth, Bitcoin taketh away. Yo verily, the crypto gods are cruel indeed!

But as far as I can tell.  Fujicoin is just a direct clone of btc but using scrypt n. So
What does it have to offer over any of the other hundreds of also copied clones in the same
Manner?

I see no hook to differentiate this coin from btc, but for it being later than btc protocol
As a copy and scrypt n

sorry for all that got taken by this...i am sorry for your loss...but the $$$ are gone I'm afraid

on a side note: dwarfminer logon has not been on since 6/20/18...so 3 days down and counting

...me thinks still..he has split the thread and is off to make new scams...

pm me what you are willing to pay with bitmain psu's if you wish as well....


have 2 of the beasties....need escrow or you can accept me with my trust rating...won't do anything without to me first (on my trust rating) or

other option is escrow...firm on that (too many attempts to scam...me ...scar tissue)



Searing

ah...to have 18k BTC again...so I could afford the upkeep on that.....not enough BTC vs price to rev that up

ah, I was unclear, with LTC and scrypt-pow 90% of all the miners that are on that network are Bitmain L3+'s THE SAME MODEL AND GENERATION OF MINERS, thus some folk contact me

they are losing 12c a day

on such a unit and myself I'm losing at 14c kwh in a data hall 64c a day. BUT EVERYONE IS LOSING AND UNDER WATER ...THE SAME. Thus when diff goes down, don't' matter everyone

is up, when diff goes down everyone shuts down..but the price never changes because ALL THE SAME TYPE AND GENERATION OF EQUIPMENT...so we can go along

and follow difficulty up and down..but if there is MORE equipment at the high difficulty than there is coin ..that people want to buy (LTC and all scrypt pow coins now)

then EVENTUALLY, everyone will turn off the miners, because at every difficulty drop or rise they are on/off thus difficulty for scrypt pow anyway..which is calculated

every 3 days...never REALLY goes down...same unicorns...all mining at a loss at $120 LTC I was losing 45c a day at 88 LTC I'm losing 67c a day..see....all the same units involved.

same thing with siacoin....IF you have a lot of ASIC's and NO reason for the price of siacoin because the decentralized network is not up when the ASIC's are turned

on they are NOT turned on...IF there is a profit ..even briefly, they ALL turn on, thus negating your price...you have to pay electric on your units..so eventually, you

just don't pay the electric and no one mines at a loss...their vision has to be up and hitting the world in stride to compete in the next 2 weeks or so, i don't see this as likely.

this is IF they don't have the decentralized network using ASIC's at 10c to $1.00 amazon prices in place...if the price of siacoin is based on this idea of this network

being up and running and the ASIC's need it up and running to at least break even on electric..the whole thing fails...because the current price is based on this idea it

will be up (speculation) and with ASIC's the scarcity of coin issue goes away as difficulty goes up rapidly as everyone mines.

My premise is they HAVE TO WANT TO KEEP AND HODL SIACOIN ..the NON-ASIC miners....and the ASIC miners need a price to pay electric at least to break even

and some extra siacoin in the bank for their troubles...NONE of this will be possible if you simply have a mess of ASIC'S making coin and the decentralized network and their

siacoin storage solution is not in place and getting folk to buy it..if

is not in place..that is called FAILURE and the NON-Miner's who are buying and holding siacoin will stop doing so...and the coin will dump to dust.

So the faith in the coin is based on their vision and the investment on that vision by folk who got ASIC's you take that away, because their supposed decentralized

network is not in place for the folk that invested in the ASIC'S ..WHAT DO YOU THINK WILL HAPPEN? PLUNK DOWN SHE GOES

can't have it both ways, the blockchain does not exist just because the coin exists....the coin exist as its vision dictates ..the shafting of say those who got

ASIC's and any big delay in getting their decentralized network to MAKE $$$$ to compete against amazon as their vision....will also add to the tanking or

failure of their coin...I just don't see any real promotion or communication that they can jump into JULY 2018 and take enough cloud storage away from folk

to make money and get the ASIC's up to mine the network for this to work out of the box.

You can't state the coin does such and such, and the network will be ready by so and so, and not deliver to folk who already have sia-coin (HODL) and

have invested in specific ASIC's and not be able to even make electric costs back...the coin will tank in purpose/project and price.

AS this relates to current difficulty with scrypt-pow and LTC ...again, all the same equipment...with the same issues as sia-tech equipment, no one has any advantage

side point  on the LTC ..they are all the same equipment (L3+'s) NO ONE HAS AN ADVANTAGE MINING IT IS ALL AT A LOSS.


AS to Bitmain units that do blake2b at 815mh and 1,375 watts....with the majority of

Bitmain units PROBABLY out of the running at 1,375 watts for 815mh....the remaining units of which Obelisk sc-1's at 800mh and 500 watts are probably a

good 90% of all the equipment ..THAT CURRENTLY CAN RUN AT THESE SIACOIN PRICES...thus.waiting for the decentralized network it is THE SAME AS THE CURRENT

 scrypt-pow and L3+ miners...NO ONE HAS ANY

ADVANTAGE IN EQUIPMENT OVER ANYONE ELSE with rising difficulty..thus all go off and on at the same time ...especially if they are mining at an

electrical loss...a future/supposed NEXT GENERATION EQUIPMENT may  work as you state...it does not exist ..at least from other mnfgs at a price point

vs mining vs electric that would make any difference..that I can tell now, .indeed it could be just GPU miners doing it on the side..but at prices an ASIC can make

siacoin vs the price ..even that would not make sense..in ASIC's are more efficient ..that also IMHO, would be very short lived.


again, the whole thing has to come together to cover the ASIC network, sia coin storage vision in place, to keep/get the price to a point that the

ASIC's can maintain the network of decentralized storage at a price that makes sense over electric..again if that is not met ..and EVERYONE

has the same equipment and NO advantage, again, IMHO, it never gets off the ground, price tanks, and the project dies.

again, can't have your cake and eat it too....all have to come together UNLESS a new more eff miner comes out...but then again, once

burnt by these now previous never to ROI miners that are behind the curve even before the launch...no one would buy...

so tell me the network is ready and in place to compete with Amazon centralized storage and the rest via siacoins vision of decentralized storage, competing from the get go

with siacoin ASIC'S can make more than they use in electric and all is well...but not seeing enough noise/hype etc on this happening...again, deafening silence

in that the majority of ASIC's by Sia-Tech are to be dumped into the world by the July 15th, 2018.

Again, using the scrypt-pow and LTC universe and the same type of equipment as an example..the ASIC's in that coin universe ran difficulty up to such a point

with the same equipment, (thus no advantage due to no competition) that now the price can't catch up and the network is in danger of collapsing and super

sizing the price down even further.

Again, without their vision in place and running alongside the ASIC's and competing with the Amazon centralized storage and a real good reason with the price less, to

be a great alternative to Amazon Storage...or the whole endeavor..well,

it will all not get off the ground...stuck

anyway, perhaps I'm incorrect...but again, not seeing it...

and again, hope I'm wrong (I'm 5 obelisks into their vision and competition..really want to be wrong)

brad

ok, thanks for the heads up. All is above my head on this so far, but I will lurk and watch. I will dump 8,000mh of scrypt-pow miners (Bitmain L3+'s) currently losing NEGATIVE

-$300.00 PLUS after electric a month, so that boat has sailed, will be done in full and all off, by July 4th, 2018. So am, at the current panic prices of all crypto, don't pay to mine, so

out of any mining of any note at that date.

It was a good run from 2013 until then but just makes no sense anymore. Thus will be back into Hobby mode as a miner, (liked

that better anyway), so in the future will look into this and for now lurk on the sidelines.

thanks

brad

what is with the meme? THAT IS THE EXACT PROBLEM DAMN IT...I WANT MORE, MORE, MORE...

(been in this since 2013..don't want to go thru another 2 year bear market..yech..)

I'm sorry...I should have  been clearer....my view is that this is now the tail end of the scam on this thread ...traditionally the OP then just 'disappears'

thus I'm saying from a 'unicorn spotting point of view' that I suspect he has ridden his unicorn and scam riches over the hill in the dead of night and

will not post anymore...thus the

2 days and counting comment

maybe, I'm wrong, just sticking a stick in the ground stating this as a guess...we will see

but again, if it as I suspect the 'end game' of the scam..the OP is cleaning up loose ends and will abandon this avatar and move on to other scams

so I am claiming 'black hole end of the scam started 2 days ago' by my claim ...oops, he is gone! We will see if I am correct or premature on this.

But in the past, it is how they roll..the scammers and fake threaders of bitcointalk

brad



if this is true, there will be many posts of memes of me 'eating crow' on this thread as a result and such comments as "yo verily, I did not believe, etc...

I doubt it, but hope for the sake of those who got units I'm wrong and will happily 'eat crow' for such folk....again, I dont' think so, we will see.

AGAIN, I HOPE I am DEAD WRONG!

but they can't have BOTH, but the kind of investment into blake2b siacoin and say it is based on a network being in place when such ASIC's hit the world and MISS

such, having it not in place. That is a significant investment in the future of siacoin 'tossed away' if you can't even turn them on due to siacoin price (again,

without such a network in place ...a network in place and I'm wrong...I'm saying I see now hype or network in place to hit the ground running to compete

against amazon etc...and feel that needs to be so)

so anyway, with such a significant amount of folk investing in such equipment and you can't even run it due to the electric..the price of siacoin would further dump

and thus all that potential investment from equipment in asic's and siacoin 'cheerleaders' on price and promotion is lost...and with such a boat anchor

the coin itself likely would not recover..this is the fear...a working up to speed network ready for the ASIC's to hit the siacoin universe and I'm incorrect

which I hope.but as of now ..not seeming to me to be likely from what I've heard.

as to the ASIATECH quote above...not sure what was meant..no bitcointalk thread by that name I can find...sent a pm to clarify.

brad

Back to my point...if ASIC's are needed for the decentralized network they plan and the NETWORK IS NOT IN PLACE YET to compete with Amazon

at the supposed 10c to 1.00 format, etc...and IF the siacoin price NOW is based on scarcity..it won't matter...no one will turn on equip of any flavor

asic, gpu or otherwise for a coin that has no value in that it is 1) no longer based on scarcity for price (esp if 5x the ASIC's driving up difficulty and coin

production) and 2) no network for these ASIC's to contribute to.

you can't have both the coin is either 1) valuable because of scarcity vs use or 2) valutble for use in their decentralized network

I'm just saying I see no such decentralized network in place in any manner large enough nor complete enough to pull the price out of the dumps ..indeed

it will make it worse for price of siacoin in the obvious fact of no network in place and a lot of asic's sitting about..folk will NOT run their asic's at an electrial

loss....price of siacoin will not stay up just on speculaltion of network coming and previous scarcity ..thus plunk

if you doubt that look at the amount of asic's  that were dumped vs the LTC price as of today...difficulty overstepped the value of the coin (LTC) ...

so a muddled mess indeed..hope it won't happen....but not hearing a lot of the decentralized network hitting the world at the same time as all the asic's

hit the siacoin world either

sure, amount of sia coin will be 'the same' but a lot of coin does not mean it keeps value....

Again, even if it dropped back to GPU mining and the ASIC's are off the electric use is the same more or less....the coin will not survive if they

say they made a mess of ASIC's for their decentralized solution to storage...and 'guess what' it is not there or they postpone it for a year

and the current crop of asic's are of no use to run....speculators will walk, gpu miners will not compete with asic's that also are going to go

off or in a dismal state...it is like the old paycoin cloud mining viewpoint...if the rug is pulled out from under the concept..than it won't matter

how many coin there are....the consumers will go to more successful coins, that would not have the damage of the above from a late

network launch and asic's in the tank unable to be used for anything of note, because price of siacoin tanks on the above fiasco.

Sure the  network would survive, sure sia-tech would likely survive even such a missed launch...but could siacoin ever recover after such

a fiasco...doubtful...money talks and bullsh*t walks....folk would walk with eventual coin being worth nothing in their vision was not up to

speed on the storage solution when they said and with the asic dump (investment) of equipment not able to be used....ie coin would tank

and likely stay tanked in price IMHO, would be too much of a boat anchor on development etc, folk would move on to other projects with

such a failure, again IMHO.

Well...THANKFULLY...I seem to be DEAD WRONG on my view that mt. gox will pay back with fiat..thus being more of a disaster for BTC and downward price pressure, this

if various articles are correct and BTC from the mt. gox bankruptcy will be given out as BTC in 2019.

IMHO, that would mean 'more' folk would HODL on any BTC that gets returned, and will thus have less of an effect on driving BTC price into the dirt, etc, etc.

here is the link

https://cointelegraph.com/news/mt-gox-crypto-exchange-begins-civil-rehabilitation-proceedings-ends-bitcoin-sell-offs

Still, getting a few mixed messages on this, but the combo of no more BTC dumping until 2019 for USD and perhaps when BTC is moved, it is to the mt. gox

folk direct and even if mt. gox trustee does not sell the BTC, and the users get BTC and then sell it anyway, IMHO,  it would be likely in a more gradual manner. Again, I think most folk

would be 'thrilled' to get back BTC and would just go to HODL mode, but maybe that is just me....and my guess.

Anyway, as always, love to be wrong....now if I can just be wrong about this 'bear market' continuing into 2019...as well

brad

Well...THANKFULLY...I seem to be DEAD WRONG on the above, if various articles are correct and BTC from the mt. gox bankruptcy will be given out as BTC in 2019.

IMHO, that would mean 'more' folk would HODL on any BTC that gets returned, and will thus have less of an effect on driving BTC price into the dirt, etc, etc.

here is the link

https://cointelegraph.com/news/mt-gox-crypto-exchange-begins-civil-rehabilitation-proceedings-ends-bitcoin-sell-offs

Still, getting a bit of mixed messages on this, but the combo of no more BTC dumping until 2019 for USD and perhaps when BTC is moved, it is to the mt. gox

folk direct and even it they do sell the BTC, it would be likely in a more gradual manner. Again, I think most folk would be 'thrilled' to get back BTC and would

just go to HODL mode, but maybe that is just me....and my guess.

Anyway, as always, love to be wrong....now if I can just be wrong about this 'bear market' continuing into 2019...as well

brad

It will be in fiat...sorry guys.....they don't have a clue on how to return it as BTC to the people who need it back from the mt. gox crash

if they shoot 1.4 billion in USD  equiv of BTC in fiat...before the end of the year say..we may be looking at 3k BTC or lower


as to me, I think now everything is a 'bubble' so will just HODL my btc and live off my alts (as the plan off alts for next 3 years till 66 and take traditional retirement plan and soc sec)

does not seem prudent to cash out crypto (BTC) now and lose 50% from ATH to just put it in fiat and stocks and traditional investments for the coming (whopper) of a

recession I expect (40%) dump, (I mean Trump and other USA mess ups)....thus just gonna ride it all down the next 3 years and hope that IF/when we have a recession in

the USA, BTC, and crypto will act like gold and at least go sideways and or up as a store of value

well, chump to champ, I'll (we) will be the first to know if HODL is tulip farming or HODL is unicorn ranching

later

brad

Ok..I admidt it I'm frigging lost...

these FGPA cards is there even anything they can mine yet? I mean that makes at least enough sense to rent them for 1 year or buy a card?

Or is this all in the experimental stage?

Regardless, if you can mine these puppies, what coins, what is the payback (if any) and any crypto calculators to follow thru on this

thanks, trying to catch up on where this ecosystem is at now?

brad

yeah, I know, I mention this often...but it is sooooooo fluffy a scam! (I mean talk about imaginary unicorns!)

hard to resist...


anyway, countdown dwarfminer has been gone 2 days...will he return with more bullsh*t or will he now disappear?

(damn, I really need a life)

brad