my concern it the death of pow-scrypt mining at these prices vs difficulty

also the Bitmain monopoly that likely will result from this, in their usual massive 'toaster' pre-order madness and

filling their data halls up first with new equipment for 4-5 months before release driving up difficulty by 2x say

seen this dance before..they seem to be getting better at it...

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

Make it stop! $7944 BTC! FML!

too bad..you'd think with the price of BTC down..it would continue...anyway...thanks for the campaign

let me/us know in the future if you manage to run any new campaign, and I'll sign up!

best regards and love from the trout pond

Searing

I ran a big game server back in the day, so in Jan of 2009 I took it all down ...like 6 towers of CPU power, with the other machines

I had, call it 10 towers of CPU available for BTC mining....alas, did not find out about BTC until 2013

Worse yet, I had a buddy who worked for NASA, who passed before 2009 and caught up with all his buddies at NASA

at one time, by chance, on whale talk chat 2 plus years ago, and they are all BTC Billionaires because they got in right away...

Ack!

alas, no one phoned till 2013...

As to the 10,000 for the Pizza, I wish I'd have been in the loop then.

So anyway, perfectly positioned to be 'the pizza guy' who did this...but alas, no one phone until 2013...

(my buddy Qazz would have loved this crypto stuff big time...)

brad

I don't suppose there are a couple of bitcointalk threads that folk use on here, that keeps track of 'up and coming coins using masternodes?"

or something like that...or a website of such?

(trying to find such info out of the blue by myself is gonna suck....)

Anyway, any resources for combing thru potential candidates would be appreciated on here by me or other newbies etc

Controversy sells papers or eyeballs to your website

1 week Forbes prints an article "bitcoin doomed"

2 week Forbes prints an article " bitcoin to the moon"

(titles above fictional)

you, with both sides of the viewpoint on Bitcoin as a new store of value, say, or a scam..get lots and lots of folks to read your nice Forbes articles

rinse/wash/repeat

the more volatility..the more so also in the press

but negative sells better IMHO, due to more folk WITHOUT any crypto that would love to see it crash and burn till those who have crypto

notice they don't say the stock market will fail EVERY DAY anyway...

anyway, my view

brad

I hope I am wrong and you are correct...I have a lot of BTC (or enough where a 4k drop would be bad, very bad at 4k)

My current view is to sell the BTC (some or part) and invest in altcoins (LISK comes to mind, a pos coin an others)

This whole mt. gox dumping of 1.4 Billion USD of BTC has me 'twitchy'

may need to 'hunt' elsewhere (Altcoins) until this clears up, hopefully by the end of the year..that is a lot of BTC to eat by 2019!

Unsure, pondering options

I can never find info on if they take into consideration that the mt. gox trustee has to move 1.4 Billion USD of BTC by the end of the year (IMHO, I

can't see this going on into the 3rd year of the mt. gox trustee)

that IMHO, is why the price is dorked sideways and is not recovering but in fits and starts

brad

Jeez...where do I start?

Anyone have any masternodes the recommend at say a $500 - $1000 staking price?

I assume 1st you find a coin you WANT to use for masternode..then you figure out HOW to do a masternode

so far, can't get past the proper coin/vs masternode/vs staking...

brad

I'm making 48c after electric on the top of the line available now Bitmain L3+ miner, you can still buy new at like 585 (don't)

So if the top of the line pow-scrypt miner doing LTC is in this kinda trouble at $133 LTC price...as a pow-scrypt coin you

would need 200 buck coin to make more than 2 bucks a day....chicken feed

when the pow scrypt coin you mine...can't make ROI on the equipment in 9 months to a year (at worst a year) you are

in real, real, trouble IMHO with your pow-scrypt mineable coin...add Bitmain to this mix as a monopoly and this could be as they say

very, very, bad...

mining ...in 2018...argh!

IMHO, this is due to the mt. gox trustee LIKELY going to move 1.4 Billion USD of BTC by the end of the year...

that is gonna put a crimp in all the altcoins, big time!

(Bitcoin gets a cold, and the altcoins get pneumonia!)

this is what I see as likely, a sideways price for BTC at best and/or Altcoins.... until the end of the year...

gonna take a while to 'digest' that mt. gox coin into the ecosystem of BTC!

Hope I am dead wrong, and it pumps...but seems frigging unlikely...again, my view....

Well, the mt. gox folk have to move 1.4 Billion USD in BTC ...probably by the end of the year (I can't see this going into the 3rd year, is it?)

that is 250 million say a month, to give them time to wrap up stuff by years end....again IMHO

so sideways is the best we can do for now in the near future

for say 2020 timeframe...my guess is 25k coin than for btc....too many people want 'cheap coin' and it will be FUD city till then

but hopefully, there is not that much drama to stall the price that long

Right now mt. gox has to move 1.4 Billion USD of BTC out on the liquidation, IMHO by the end of the year...( I can't see the trustee not getting paid

for the liquidation, because he did not get this wrapped up soonest!) That is about 250 million sold BTC a month or some such...giving him time

to wrap it all up by Jan 1st, 2019...

I just can't see them NOT wrapping this up and waiting longer than that for their 3rd year is it.....they got to move the coin..again, IMHO

So, add this with the regular FUD and we are likely to be lucky to even see the price between 7800 and 8500 now

ugly, ugly

Well, these decred units are out by innsilicon, me thinks? (maybe?)

http://www.innosilicon.com/html/d9-miner/index.html

If so anyone get one? What do you expect to make? Shipping May 21st to May 28th the link says...

Myself, I bailed on such..curious what people think if they got one

also, what people think of this whole ASIC for decred coin stuff...(fork?)

thanks for catching me up in advance

brad

the protocol won't change ..sia-tech folk said nope...as to the Bitmain Miner....they MAY have the 2nd version out...but with these prices etc ..I doubt they would

release it...then again who knows...I'd not be surprised if a 2nd gen bitmain siacoin miner came out before the first obelisk sc-1's ship

(Bitmain: always there to make a statement and slap any other ASIC maker down with units or price...its what they do...as a monopoly don't  ya know!)

NO...IMHO that is...Bitmain is the main mnfg of about 90% or more ASIC's of any flavor..not just LTC and pow-scrypt....sha-256 and blake2b, etc

Thus no scarcity will be involved...just them taking over as a monopoly say of pow-scrypt...in that they probably have a better pow-scrypt miner in the works

and while they may not LIKE these LTC and pow-scrypt prices...they probably only pay at max 20% of the value of the equip and cheap electric

with them just supplying themselves for their own data halls...(small consumer miners are out) all the pow-scrypt profits would go to them or others as

big...


Thus, this comes to mind, how 'excited' will anyone be ...wanting to trade and promote LTC for example...if stuff in mining for pow-scrypt becomes this

centralized....add to the pre-order model where Bitmain mines for 4 months driving LTC difficulty up...(last time they did this 30%) then letting the

consumer get these same machines 5 months afterward.....again, with the pre-order $$$ benefits too boot, before shipping 4 months later

It will at that time be so obvious IMHO, that the price of LTC will dump...and people will stop playing the game...thus less value in LTC means less price

if folk, see this and see it 'played' in this manner by Bitmain or others...

so LTC will still be mined, but by centralized big boys like Bitmain who will make the chip/promote the chip and algo/and then mine the chip themselves

for the most part....so again, IMHO, without the 'consumer type hobby miner' 20 or fewer machines.....why would anyone promote this algo of pow-scrypt

or LTC etc? Folk again, IMHO, will move on to POS coins or Masternodes...and/or other algo's and coins...should they see my above 'dubious' claims

come to be.

On a good note, perhaps the dump of L3+'s has slowed.....less than 1% rise in difficulty last go around, however, I'm still unsure if Bitmain does not have

the 'supposed' 1.5gh miner in the works...(see above scenario) ....that in my view would be the sign to dump my hoard of LTC into something else entirely

Something has to 'break' to make consumer type mining (of the stuff that is out in the world NOW) worth mining and getting excited about..that means

price improvement....but not sure if that will to be...hope I'm dead wrong ..but I've been into mining coin since 2013...it is looking ugly indeed....

LISK seems very stable and a bit undervalued IMHO, It may not work...but at least the devs put their money where their mouth is...

anyway, that is my take on such....

I did not have the nad's to do this.....(as I look at my 6 L3+'s I got a couple months ago making 51c a day after electric)

I always thought I'd go an ASIC or two......too far...when.if my mining days were to wane....thus cut myself off from new units for a bit.....

but good for you..hope it hangs together past ROI

brad

I probably was not clear...if the price of LTC say reaches a point, where you can't mine it with the elec costs for the majority of the 'consumer' small guys

1-20 Bitmain units say...then that leaves Bitmain......centralized mining....likely with new 'supposed' 1.5gh units they will mine for 5 months over the summer

and allow us 'crumbs' of pre-orders in the fall ...after driving up difficulty another 30% say...thus, the choice is see all your pow-scrypt current miners scrap'd

and watch bitmain play these games and have to 'start over' with their products on their timeline in say late fall...

so my point to the 'voltage' fix...sure...it helps a lot....say you get 15% reduction in power..sure...it helps...but just saying...looks a bit rigged...Bitmain...coupons expireiing (most) june 1st, I think it is, etc, etc

and may not really matter much in the next month if trends continue..the end result is pow scrypt pretty much centralized to bitmain data halls and the rest of

the stuff doorstops ..remember we are looking at 30% difficulty rise per month....we saw this game by KNC in 2014 using pre-order money to make BTC Neptunes for

their data halls first and then release to thenpublic...they were good for 5 months and made 25% of cost back at best.....not exactly the same thing...but the intent to

control pow-scrypt seems to ben the same...as KNC BTC tricks ..back in the day...

I will get this stuff up eventually, electrician issues on the place I'm hosting and they have to get 160 L3+'s up (bigger folk than me) thus probably  be 2

weeks before a guy can get to these mods on my stuff

anyway, we will be the first to know I guess

I'll get the donation out as soon as 1) installed 2) and see what I'm making to give him appropriate $$$ he deserves... but a couple months more of sideways

in price with difficulty rises and especially if bitmain really does have supposed 1.5gh units for pow scrypt coming out this summer and same pre-orders for fall

that has me a bit concerned...hopefully I'm dead wrong in a big way...

later
brad