Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.
What did polo do? Enforce KYC/AML rules that anyone with any clue of how the world works could see coming years ago. Oh so I guess everyone in the forum is whining about having to pay taxes still. I've been paying my crypto taxes every year since 2013. I just wrote a big fat check to my government worth 1/4 of my net worth. I have no sympathy. ditto, also since 2013....either, the tax man will come after you because crypto made big $$$ in the future...or will come after you if it all goes tulips in the future either way, my ducks are in a row also. |
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Keep waiting to dump a significant amount of cash on to LISK (self-employed solo401k if crypto goes to hell..that is not gonna help me much as cash...thus 'punt' it all to LISK ...as long as I keep it all as a little ecosystem...in the solo401k sandbox all is good....a hail mary as it were) thus keep watching (have to convert cast to LTC or something first ..then to LISK) ...and since I've been watching ..it keeps dropping... sorry ..... I think by 'passively' watching waiting to buy....I'm simply acting as a 'tease' by never acting yet.. crypto of all types sense this and I am thru negative waves mind feedback....driving the price of crypto (and LISK) into the dirt with my mocking games...'of waiting to buy' and never pulling the trigger (3 days now running) so I sit, where is the bottom I ask? Where does my 'crippling effect' end? Down all the way to Bennie Babies, Tulips, Bill Cosby collectables? sorry broke crypto...I be bad.....  Searing edit: added: Pulled the Trigger I did....(others...?) I just got 1,931.90758936 LISK at about $8.18 per LISK...I will post this for future reference ...chump or champ we will see.....my last hurrah... (what the heck...I'm 63 if I don't take some risks now....when will I take some?) but pow-scrypt mining for me (LTC) seems done....got Alt coins and still won't touch BTC hoard...thus this is the last rodeo this LISK buy to add to my LISK hoard....so now I sit and fret and wait for the price to boom or doom........Ack! Anyway, posted on the LISK thread here...check back in a year...to mock me or not...we will be the first to know...again...Ack! Searing |
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BITMAIN are you here ? is it true ? L3+ became a doorstop ? hahahah
Income: $2.52/ day
El cost: $1.91/day at $0.10/ KWh
Profit : $0.61/day
If you pay administrations fees in the farm as 99% of the farms ask then there is no profit you pay from your pocket.
If you are in Europe you already disconnected and you use the L3+ as doorstop
What a nice investment ...... watch out you will not have space in your house to put so much money $$$$$$$$$$$$$$$$$$$$$$$$$$
Congrats BITAMAIN
I resemble this remark...right now I'm collecting whatever LTC 'dust' I can before likely shutting off the L3+'s in the coming weeks https://bitcoinwisdom.com/litecoin/difficulty has litecoin difficulty rising on next hop above 4% and rising with 2.8 days to go...which leads me to believe that ONLY Bitmain can affect the difficulty at this rate...thus they are likely filling up more data halls with the 'supposed' 1.5gh units ... Not looking good indeed... my current on an L3+ after electric and data hall fees is Negative 6c a day....(this is in data hall w/elec and rent on monthly at $113 LTC) thus, we are screwed indeed it seems again, always use the 'cardboard' box the L3+'s came in...make them much more 'slick' to use as doorstops....less friction moving them about.... (gonna have to add more doors.....a lot of more doors....) ack! |
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Its not a conspiracy. Its not a master entity somehow doing perfectly timed dumps and orders to 'hold it down' as if such a thing would even work. Its not the godfather. Its not god. Its not aliens. Its just normal trading. Ok.
What kind of person does it make me if I would be equally surprised/unsurprised to learn that either of these two explanations was the case? Am I a conspiracy theorist or a nocoiner?  But wait, there's more:  Oh my god. This could be almost as good as the trump election. Please Kek make this happen. I will sacrifice a chicken to you great one. The tweet he was replying to was talking about the powerful controlling the media not Jews don't get off your rocker, it seems everyone is jumping to this conclusion. Back to prove high 7300s no instant dip, kind of excited. Yea well I wouldn't have agreed to sacrifice one of my chickens if I actually thought this was going to happen. I love my chickens. Well, damn it! If this is what needs to be done to get it above 10k again so be it: Then i need, Jennifer Tilly, (I will be her voodoo love puppet) and a Chucky Doll.... https://en.wikipedia.org/wiki/Jennifer_Tilly]https://en.wikipedia.org/wiki/Jennifer_Tilly]https://en.wikipedia.org/wiki/Jennifer_Tilly then:  lastly, some frigging Chickens.....you know how hard it is to get live Voodoo Grade AAA Chicken's on Memorial Day! But we need 10k BTC, the needs must, when the devil drives..... |
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what i do is that i think about "what ifs" when price is rising and is at the ATH not after it stopped being there and started dropping and reached the bottom.
for instance i actually bought bitcoin at $150ish back in 2015 and i still don't mind if it drops back to $150 or even $50 for that matter because i have planned ahead. for example i sold something when price reached $700+ in 2016 just to satisfy my head and prevent myself from overthinking stuff. and when bitfinex was hacked and drama hit the market and price tanked i bought a lot more once again at $450-$500 and have been doing the same thing ever since.
in the end is till have more fiat and more bitcoin in my pocket. that's my Zen...
I'm retired and doing that with my alts...if they have to die to let me retire 3 years early...so be it ... (or if it gets soooooo bad my BTC too for that matter) but for me, I'm keeping the BTC I've accumulated since 2013 and stable amount since 2015...mining seems to be playing out (pow scrypt: ltc) and I've only the ALT coins to draw on now on my plot of using crypto the next 3 years and keeping BTC hoard intact... crypto: it allowed me to retire 3 years early....bite me! (not really a Zen Koan) let's see a Zen Koan on above from both our perspectives..... hmmmm "Can you say, have BTC (virtual currency) if it can't be touched or smelled etc? And if it dumps in the future to zero....did it ever 'really' exist or was it just a futile virtual hope? But, if it does pump in value and you do 'exchange' some to USD....if it now exists.....was it not just a template of the mind anyway?" (hurt my head on this Zen Koan Stuff) anyway, feel free to dive in...its silly....but according to Bill Gates and Warren Buffet ...so are all of us brad |
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Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.
I will be the first to post the obvious...  The question then becomes is it a GOOD Trap? (Pump!) or is it a BAD Trap (Dump!) Ack! |
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Definition: Zen kōan from Wikipedia https://en.wikipedia.org/wiki/K%C5%8DanA kōan (公案) is a story, dialogue, question, or statement, which is used in Zen practice to provoke the "great doubt" and test a student's progress in Zen practice. OK...I'll take a stab at this... IF you have a Bitcoin that you have purchased back in the day at $150 USD and then you watch the Bitcoin price rise to the ATH or $19K and then back down to say $150 USD again... Was it not 'really' only a $150 Bitcoin all along? Crypto Life is 'but a dream' as it we're? (probably this is lousy Zen Kōan feel free to toss your attempts on this thread) enjoy! Brad |
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No one is forced to contribute to a 401k. If your employer offers a 401K, they can take money out of your paycheck, and the tax on that amount will be deferred until you withdraw from your 401K. If you draw out of your 401K before retirement age of 59 1/2, you will have to pay a penalty of 10% on top of the tax. Many employers that offer a 401k also include a match. Most companies match 50% of what the employee contributes. The catch is that you usually have to work for an employer for a certain amount of time before you are fully vested and can claim this portion if you leave the employer. My employer has a vesting schedule of 5 years.
There is quite a bit of latitude with employers in how they create the 401k plans - and sure there are standards in place too. Since about the 90s, many employers have begun to provide 401ks to replace traditional pension plans... Sure there are some employers who have both traditional pension plans and a 401k plan. The matching portion is also variable, and most employers have limits in how much they match... They might match up to a certain amount per year or they might match a certain percentage of the employees voluntary contribution. In the early days of 401ks in the 90s, the yearly maximum contribution was something like $5k, and currently it is in the $18k per year range. There may be a few employers who will match the full $18k, but many of them are much more skimpy, if they actually have matching programs at all. 401ks are still a pretty decent investment because of both the tax deferral aspect and the employer matching, if they have such matching. before I retired I put money in the job 401k I also, according to the CPA am allowed to self-fund a solo401k on top of that ..depending on how much I mine out of the crypto business part of my taxes....so socked another 15k away that way last year...also the solo401k can be converted to crypto etc as long as it plays nice in its own 'sandbox' ...so that was a win....just something to keep in mind...also the self-employed solo401k has the advantage as the 'employer' *yourself* you get and can put aside some also as you are also the *employee* so the amount in a solo401k can be quite a bit more than a simple 401k anyway, look around...worked great for me |
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Litecoin is not what it used to be before, that is the main reason of why i am not investing on it at the moment, i am more than dissapointed about what is really happening to it.
From $300, to less than $120, why is this happening to us?
bitcoin cash has taken LTC thunder on cheaper fees than BTC... also pow-scrypt mining with the latest available (known) miner the L3+ is now making NEGATIVE -3c per day for me....thus not a lot too root for with LTC lately.... |
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yep..that is pretty much true....I ONLY had the miner....from that miner to pump the income (yep legal with IRS too from day one) for ALL the stuff you mentioned flowed from this income...I worked with disabled folk...never a lot of money in that ..thus the mining had to stand on its own....also remember I fired up this KNC Jupiter BTC miner on Oct 18th 2013 and that day BTC was almost exactly $150 (I looked at worldcoinindex..but they don't go back till 2013 or I can't read the graph) .....and I think (again if I remember right) I was making ONE BTC per day..... and yeah, mostly was in HODL mode for everything ...except those things that were for mining....I also have a mess of Altcoins that more than make up for what you are talking about...for any 'slush' after the BTC stuff... so yeah, a case could be made that REALLY the only money I have in crypto 'out of my job' was the $5,131.80 usd for the KNC Jupiter of 2013.......so the revenue I have used/bought miners with etc...and what I have left over in HODL mode..is indeed profits....thus a case again could be made that I 'mentally' could claim that anything above the $5,131.80 was profit..in that all the expenses for future expansion came from that one machine....thus $513.18 BTC would be the most definative extreme example of denial of loss of $$$ after any number under that point for BTC (again not counting the significant ALT's slush on the assumption I'd sell all that before getting to such an extreme point... just the way it worked out....I retired as of 1/14/18 this year due to crypto...trying to use crypto to bridge the gap between 63 years and full retirement and traditional investments at 66 with soc sec etc same 'dubious' lifestyle' $$$ wise if I 1) work 2) use crypto till 66 3) crypto goes tulips after 66 again, same modest dubious suburban ghetto lifestyle so if it all goes tulips I am going to make t-shirts to befuddle those who will say 'I told you so' that say Crypto: Allowed me to retire 3 years early, bite me! Thus, if nothing else comes from the miracle of tripping over BTC in 2013....I can say at least that I man'd up and gave it my all....hell, I'm 63 years old ...I have worse problems then BTC and crypto going tulips! (what do they say: write a book, plant a tree, make a fortune and lose a fortune......we will be the first to know I guess) brad p.s. the above while not exactly correct....is a way to look at it from the perspective of which I started.....(in the PSU's I'll have left over alone!) but as a mental viewpoint on the ups and downs of all this stuff and how serious to take it all..it works for me.  Also as far as the work/time thing...even if it all goes tulips..I have not had this much fun since I was in University....thus it is a win also. So if I understand it correctly, $513 is just a symbolic price point of your choosing that doesn't take into account alts and other profits. It's not that it is the right way to calculate a "break even" but if it works for ya who am I to say If it, somehow, made you reach your retirement plan years early than you thought, then it already gave you some. I also have a FAKE "break even" price which is the BTC price at the LAST time I sent FIAT to an exchange (just before the Bcash fork). If it ever reaches that price again (around $3000?) I will just send more FIAT and keep with my accumulation plan. In the meantime I just keep slowly increasing my stash by not withdrawing anything and trading. Agreed on the time invested as some combination of entertainment and education "profit". I learned a lot about "money" in here which made me change some previous assumptions I had. It's been an interesting journey.... let's see what comes in the following years. Actually, IF all the money I've made so far has come from the mining aspect that started with the knc jupiter miner at $5,131.80 price...thus my $513.18 low on BTC and still 'mentally' say all is good.. from a HODL point of view...that is how I look at it..IF I add the Alts and electrical panel and wiring and psu's left over when mining is done and all that ...it probably would be equiv to less than the $513.18 low the catch is ...ALL MY MONEY MADE IN WHATEVER MANNER HAS COME FROM THAT FIRST MINER AND ONWARD...i may have some extra laptops and junk left over if btc goes tulips and not counting the alts which I plan to spend on my 3 years early retirement (if the hoard lasts that long) thus yeah as a 'mental exercise' for me to at least HODL my hard earned BTC over 5 years..that is the plan....(if I ride it down to doom) of course, I'm hoping 'eventually' it gets back to an All time high so if crypto survives, it should get back to an all time high of 18k for a BTC it may take 1-20 years....but if it exists it should do that (even if it is all inflation) if it does not..then my bet on HODL'ing the BTC and spending the rest from the mining is moot... but my main thread again is, the 'extra cash' made all came from that first miner and onwards and upwards...NONE of my regular income was put into this stuff (my income was too puny) so if I only paid $5,131.80 for a knc jupiter miner in 2013...and all that has been bought and used etc since then came out of mining onward and upward from that.... the worse you can say is I probably should have held btc and sold some in 2017 and stopped buying miners after July 2017....but the fact remains...anything I have of any note....old asic's psu's better electrical panel in the basement etc...all has started from that first bit of seed money in the knc jupiter btc miner of 2013 so hell, if it all goes tulips it was a lot of fun...but as again a 'mental game' it can be looked at that way....(also could be looked at of having 2x the BTC in 2017...but them's the breaks) anyway, so the distorted way my mind works looking at wtf I've been doing the last 5 years in retrospect.... brad |
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I am thinking that these bearwhales are looking to push this price down to about the $68xx range until they are satisfied. Hope they don't have the ammo to push even lower than that.
All evidence..seems to point that they do have such ammo.... |
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Damn, I hope you are correct.... on the other hand my original knc Jupiter Miner of BTC in 2013 cost me (if I remember right) $5,131.80...thus all my BTC and ALTs etc have come from that small seed..thru mining only.....thus, I can be stubborn and wait this out until BTC is $513.18 usd ...before I can 'officially' call this all a 'loss' on my part in any way or form... (obviously, I'm quite mad, in HODL mode..but being being crazy these days..of 2018....is like a warm and fuzzy blanket....not at all odd....so hell, go with the flow...) I think your calculation for the "break even" point is incorrect. Unless you only have 10 BTC (or the equivalent including alts) and never withdrew anything from your initial investment or -to be more precise- only withdrew enough for covering your mining running costs (electricity, work time, etc). yep..that is pretty much true....I ONLY had the miner....from that miner to pump the income (yep legal with IRS too from day one) for ALL the stuff you mentioned flowed from this income...I worked with disabled folk...never a lot of money in that ..thus the mining had to stand on its own....also remember I fired up this KNC Jupiter BTC miner on Oct 18th 2013 and that day BTC was almost exactly $150 (I looked at worldcoinindex..but they don't go back till 2013 or I can't read the graph) .....and I think (again if I remember right) I was making ONE BTC per day..... and yeah, mostly was in HODL mode for everything ...except those things that were for mining....I also have a mess of Altcoins that more than make up for what you are talking about...for any 'slush' after the BTC stuff... so yeah, a case could be made that REALLY the only money I have in crypto 'out of my job' was the $5,131.80 usd for the KNC Jupiter of 2013.......so the revenue I have used/bought miners with etc...and what I have left over in HODL mode..is indeed profits....thus a case again could be made that I 'mentally' could claim that anything above the $5,131.80 was profit..in that all the expenses for future expansion came from that one machine....thus $513.18 BTC would be the most definative extreme example of denial of loss of $$$ after any number under that point for BTC (again not counting the significant ALT's slush on the assumption I'd sell all that before getting to such an extreme point... just the way it worked out....I retired as of 1/14/18 this year due to crypto...trying to use crypto to bridge the gap between 63 years and full retirement and traditional investments at 66 with soc sec etc same 'dubious' lifestyle' $$$ wise if I 1) work 2) use crypto till 66 3) crypto goes tulips after 66 again, same modest dubious suburban ghetto lifestyle so if it all goes tulips I am going to make t-shirts to befuddle those who will say 'I told you so' that say Crypto: Allowed me to retire 3 years early, bite me! Thus, if nothing else comes from the miracle of tripping over BTC in 2013....I can say at least that I man'd up and gave it my all....hell, I'm 63 years old ...I have worse problems then BTC and crypto going tulips! (what do they say: write a book, plant a tree, make a fortune and lose a fortune......we will be the first to know I guess) brad p.s. the above while not exactly correct....is a way to look at it from the perspective of which I started.....(in the PSU's I'll have left over alone!) but as a mental viewpoint on the ups and downs of all this stuff and how serious to take it all..it works for me. Also as far as the work/time thing...even if it all goes tulips..I have not had this much fun since I was in University....thus it is a win also. |
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Damn, I hope you are correct.... on the other hand my original knc Jupiter Miner of BTC in 2013 cost me (if I remember right) $5,131.80...thus all my BTC and ALTs etc have come from that small seed..thru mining only.....thus, I can be stubborn and wait this out until BTC is $513.18 usd ...before I can 'officially' call this all a 'loss' on my part in any way or form... (obviously, I'm quite mad, in HODL mode..but being being crazy these days..of 2018....is like a warm and fuzzy blanket....not at all odd....so hell, go with the flow...) |
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YAY!!! Nice!!!  Finally!!! This stopped dragging... We gonna have 20k by July/August!!! This makes me very happy! Honestly I'm just happy it isn't running away $7300 is in the weird 7200- 7600 we've been at the last few days. We need a huge f^cking dip to get over 10k faster... The sooner 5-6k comes... the better! 3k would be better.. but I don't think it will happen fast enough. I still believe we are in a long bear market. That has to play itself out fully before a meaningful rise can resume. I really hope I am wrong : I stated the same about 2 months ago and am wishing for something to change my mind. yeah...that 'looming' mt. gox trustee is gonn snap like a dry twig and sell it all ...1.4 billion in usd worth of BTC...just a matter of time....they need to liguidate high to get their $$$ so it is getting weird enough that IMHO the gox trustee and those involved could just go 'frack it' it is not my money...and dump....people get less in mt gox payout but then again the mt gox trustees and those involved get paid at say between 5k and 7k coin.....vs the price they dump it to...2k to 3k coin almost wonder if that would not be better, at least we'd have a reason, besides the 'supposed' manipulation of the BTC price conspiracy theroies (that may be right ...just sick of them) for a major price dump of this size...right now it is like a hole in a boat ..sinking..and can't figure out why....(manipulators filling the boat up w/o me noticing perhaps?) anyway, as long as mt. gox hangs over us...and all this FUD keeps slam'ing the price down on top of such....it is gonna be ugly and stay ugly indeed...as you say for quite a bit i to hope I'm wrong and everything resolves itself in the proper manner....but everyone I know is pretty much befuddled by all this downturn with the 'good news' out their so it is either the sword of mt. gox hanging over everyone..or major players are playing games with the price (as sec is investigating) ....pick a camp i guess to guess at..... (witches ..me thinks it is witches...) |
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Hey Searing, have you tried the litecoin lottery at TBDice? Scoring a block would improve your ROI
If this keeps up, the L3+ is gonna be the new D3.
It is already getting there.
Actually have a buddy who under-clocks them and the D3 is making MORE than an L3+ now ..at least in a data hall (rates)... who'da thunk it? lol. That means it is already a D3. After this I hope no one thinks of wanting more "healthy competition" in an oversupplied market. Thats just dumb. See wat happens. It just leads to lower profits for all. I mentioned this a number of times before. Sigh, I didnt want to be right... Now, the only way this will work is if the L3+ gets to higher prices, the L4+ does not appear and litecoin needs to rise up to say 180-200 to soak up all that current difficulty. Then, mining will be decent again. The problem is I do not know how much bitmain needs to sell or wants to sell. And just buying litecoin would be far better if the price goes up as such. Hmm and also litecoin halving coming in a year plus. well....was at 5c daily on LTC on the L3+ now at -3c daily....that switched quick.... imho, it is all over folks.....Bitmain has no reason to lower prices on the various flavors of ASIC's they sell...if they are also mining with data halls with them....I just got to believe with all the damn ASIC's of many flavors besides LTC that bitmain had hit the world with..what is it since last Oct ...like 4 or 5 ..that they DON'T have a 1.5gh or some such better pow scrypt miners ..I find pretty dang unlikely.... Also if EVERYONE getting bumped now is paying more electric because they currently have the latest bitmain equipment (the L3+_ well someone who says uses 1/2 the electric I do..is what gonna make 40c to my -3c a day....hardly earth shatteriing....no ....if these are the supposed 'top end' consumer pow scrypt miners that we have (most or all of us) ..and they are underwater well the whole works is completely gonna be centralized by bitmain even if bitmain is not fond of the idea either 1) if bitmain has the supposed 1.5gh machines....at these rates and their investment...they pretty much have to mine them in their data halls or be stuck with the rest of us in L3+ limbo 2) if bitmain does this..they will fill their data halls first and pre-order for the fall ..with likely late sept early oct for this...I can't see them getting alot of traction on this if EVERYONE has to start over with a new miner in the fall...because all other asic pow-scrypt will be bricks by then...but hey...it is what they will do to clear stock and take away from their losses on data hall and development of this product ..the 1.5 gh unit..supposedly...no choice 3) they will be the main centralization of pow scrypt if most of the above is true..if they really want it or not...the combo of them driving difficulty up to far with toaster sales and too much..with the also unexpected dump in crypto prices catching them flat footed...the above will be the scramble...just to cover the design and factory costs of these new units....because at these prices I can't see a lot of even newbies buying them for a 4-5 month fall pre-order 4) thus no real amount of folk getting these to replace current obsolete L3+ stock (see above) and the complete centralization by bitmain (if they wanted it or not) will make pow-scrypt more then a bit 'unattractive' if the main outcome seems to be just making bitmain money at both ends....of this gimmick 5) pos coins and masternodes are gonna be a 'hell' of a lot more attractive as a result...reflecting in a lot of pow scrypt prices tanking IMHO we will see, but if even a mixture of the above ..the whole pow-scrypt universe got a lot more confusing on price/purpose/etc with the bitmain elephant sitting in the living room sucking up all the snacks again, better minds then me, chime in, would love and I mean love to be dead wrong on all this but monopolies and centralization of power, always seems to destroy the 'ecosystem' they are trying to tame...thus boom.....she goes bust....too much too fast too greedy too fast to much power grab to fast....and as i say above...the consumer backlash of why are we buying asic pow scrypt miners from bitmain ...if they now have completely gone off the deep end and hold all the cards again, better minds then mine..chime in shoot me down...please! brad |
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Do u have any estimativa of how Decred mining dificulty will rise  Any ideas on how many ASICS are been released to miners? Cosidering that an halong/innolsilicon hashrate is 2.1Th/s and the network peak was 10200 TH/s, roughly 4000-4500 ASICs are online mining add that Obelisk sold 8500 DCR1 with an hashrate of 1.2TH/s we can expect at least a doubling in the next 3-4 months. Yep, so unless the sia-tech folk can have that much more ASIC power than there original batch calculator (10k) said on batch one of 30% inflation a month when I asked ..looking more like 100% inflation a month..thus without the sia-tech storage solution decentralized method at 1 buck to 10 buck amazon price..getting done and getting customers asap...we are screwed....too much capacity ...not enough adoption...and all them asic's just pumping out coin...driving the price down better minds then me ..chime in..I'd love to be wrong! brad |
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Hey Searing, have you tried the litecoin lottery at TBDice? Scoring a block would improve your ROI
I should consider this..but at $1,290 usd a month on the miners...in electric..I'll likely just shut them off..I pre-paid in Dec till June 1st 2018 (at least that hedge worked) with high priced BTC....but hell, I see Bitmain dumping a new product the supposed 1.5gh unit and mining it all summer with pre-orders in the fall..again, if such is true..that means ALL SCRYPT POW MINERS in existence NOW would not mine by Fall 2018..a complete clean sweep of equipment with only Bitmain around with equip to those (brave,silly,clueless newbies) who pre-ordered over the summer...as (again, if this is the case) bitmain has slam'd the difficulty up over the summer on their own data halls to make this a fact..just to round the evil out nicely....(salt in the wound) so my big miner days of any ASIC flavor are likely gone..a couple 'somethings' in the basement maybe...but looks to me to be the home miner of LTC the way the home miner of BTC was creamed in 2014....more centralization at a more rapid pace it seems But living the dream...was Negative -9c a day on an L3+ the other day..now I'm making 5c a day on an L3+ FML! we meed over 165 buck LTC to make over $1 a day...and that is a 2 year ROI on an L3+ or more with difficulty rises (supposedly) if purchased today... I see no way out but Bimain owning pow-scrypt over the summer and beyond... IF these prices continue and the supposed 1.5gh scrypt-pow miner exists.... unless you think they WON'T mine it for the summer and hold off pre-orders in the fall, but allow us to get them ASAP and not a pre-order...I just don't see that as likely (snicker) we will be the first to know I guess brad If this keeps up, the L3+ is gonna be the new D3.
It is already getting there.
Actually have a buddy who under-clocks them and the D3 is making MORE than an L3+ now ..at least in a data hall (rates)... who'da thunk it? |
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Has anyone else found their 'fingernail' strength increasing dramatically, from hanging on the ledge and trying to stay in HODL mode...  (whew..it is tiring) FML Searing |
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I only have the option of sweeping all the funds. It won't let me choose the amount. If there is a fee I know I have enough to cover the transaction cost.
If this is a paper wallet I did this online via blockchain.info or coinbase....I can't remember which..think maybe it was coinbase in that it stripped out the BCH..which I found amusing... others? clarity? |
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The S11 rumor is already floating around so where there is smoke there is fire. After June and the coupons expire we will probably start to see the preorders for the next wave of hardware.
Well, https://bitcoinwisdom.com/litecoin/difficulty shows in 12 hours difficulty will go up 6.42% for LTC...thus at (what I get) at an L3+ (currently, the main product for us now for scrypt-pow) ....at 41c per day! I ASSUME no one is dense enough to be buying L3+'s in mass with these LTC prices and I also assume there are NO other competitors to Bitmain ..that could pump scrypt-pow machines for LTC diffiulty up 6.42% in the last few days so you are probably correct..they are probably filling data halls with new scrypt-pow miners to replace the L3+ and your likely S11 BTC miner... fill the data halls over the summer ..drive up say difficulty of LTC up and if not at least 'upsurp' the network share ..and offer pre-orders in late fall I just can't see folk buying Bitmain L3+'s in mass enough to kick up the difficulty 6.42% supposedly, and no other mnfg has numbers to do this either IMHO, thus it is bitmain with a new scrypt pow unit that they are slipping into the data halls, gain matches the 'coupon' death in June... We will see, but likely above, IMHO It is possible that there is no L4+ and it is just due to cheap price of L3. This is why more "competition" which leads to lower priced miners is never a good thing. This reminds me of the D3 where cheap miners killed ROI. I suspect the S9 can possibly get cheaper if competition intensifies. I hope it does not though.... No....no it is not. This is very hard for you to understand isn't it? You're like a broken record. You seriously should find another hobby. This one seems to be adding much confusion to your world. Not sure what you are bitching about, I am validating your theory that Bitmain has new miners out and from my previous post...yep with the last difficulty jump ...with no other explanation I can see......seems they are hitting the world, again IMHO...coincidence their coupons expire June 1st? As to the broken record part: can scrypt-pow survive over the summer, without hugely dropping in price of the various coins, IF the only folk that can mine scrypt-pow at a profit vs difficulty is Bitmain? (till if you wish pre-order arrivals of such in the late fall) So if, they are (thru the summer) the only ones of any note mining scrypt-pow? Monopolies, eventually destroy their own ecosystem, I guess we will see if it is true. p.s. for those that don't mine scrypt-pow LTC the current return for me now a day is 19c for an L3+ (unmodified) after electric...Interesting Times.... I guess we will be the first to know how this all shakes out Brad They keep building because people keep buying. My opinion (and they are like butt holes, we all have one) is that Bitmain is going to go after the ASIC resistant markets. They have proved they can make miners. Take a profitable also, build a miner, piss off all the GPU people, profit. Rinse and repeat.
They already have said (Bitmain) that they are going to go into A.I. ASIC equipment (I guess we are seeing their end game here) https://www.bloomberg.com/news/features/2018-05-17/china-s-crypto-chips-king-sets-his-sights-on-ai |
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