Diff on LTC now 9758801.1623634
Is not worth the invest right now, stop buying L3+ guys, now you get less than 2 usd daily in proffit, and it will be lower, it was 20 usd only 5 months ago, in 3 months you will pay
more for electricity than you mine.
Stop buying L3+ , lets give Bitman a lesson, they need to stop building this like toasters.
This is an L3+ at 500mh and 800watts and $150 LTC at my new rate (all year, month to month) of 14c kwh (up 2c kwh from yearly plan of 2017 in data hall) $1.22 a day (which is the lowest I've seen since the $1.32 2 weeks ago calc on this thread) 10c drop ..this again is all time low... I used www.litecoinpool.org/calc which is LTC only pool, free pool, and pays 101% which is reflected in their calculator 24 hours 0.02602488 LTC 3.90 USD 2.69 USD 1.22 USD 7 days 0.18217413 LTC 27.33 USD 18.82 USD 8.51 USD 30 days 0.78074626 LTC 117.11 USD 80.64 USD 36.47 USD So, I had some windfall and sold some dubious alts about 6k and found out I don't owe the 6k I thought to the IRS for my quarterly look-see with the CPA...so I'm gonna sit on this windfall (retired source of income crypto...till I'm 66 and will touch traditional retirement funds and soc security..hey, it is a goal, unlikely maybe but a goal!) and just HODL,HODL,HODL my LTC till this FALL 2018....sit on hands, mine like hell, live off above...pray a lot to the ASIC gods on an LTC price pump.....and fidget! a lot! IF, the L3+ goes the way of the KNC Titan (doorstop) before say Bitmain puts out in the fall a new unit (the supposed 1.5gh 400-watt scrypt-pow miner) well, I will be out of any big time mining at that point..not gonna start over from scratch and especially not go crypto to equip pre-order with these new 2018 Bitmain games of mining themselves for 5 months before you get units, and almost daily adjustments to the pricing of the units (of any flavor Bitmain ASIC) and of course the massive amount of 'toasters' they push out...no ...I'll go back to 2 units in the basement for fun ASIC's of whatever flavor and hobby mine...not gonna watch all miners I have go toasters in 2018 and start over.....(and likely watch Bitmain mine these supposed 1.5gh and 400w units all summer and do a pre-order for middle of fall 2018) nope...I will like being a hobby miner again..less angst!!! So it is 2015 again and imagine $1.80 LTC and mine and HODL for that year...you wondered why the hell you were bothering, it sucked...but that is the plan..the only thing that is gonna save any of us from all our current devices of any ASIC scrypt-pow from being doorstops, with the amount of L3+ toasters that Bitmain has and is tossing into the world is a price pump...or it will be all over by Sept 2018, again IMHO, been there, seen that, got the t-shirts (bfl, knc, gawminer, etc) Again, hope I'm wrong..but it is entirely possible, Bitmain mis-timed this whole mess for price/difficulty/etc, especially with the amount of L3+ toasters they have out in the world at this point ..that by fall the ONLY way you could mine..is to get their next unit of miners...in that all others are doorstops L3, L3+. KNC Titans, ...and Bitmain could be 'singing' to the world, lonely with their data hall mining scrypt-pow, on hey, we did not mean to mess this up, by our new 4-5 month pre-order units..it will all be fine..we promise....  brad edit: this may help,however, freeware mod (give donations) that from what I can tell MAY without much risk, allow your L3+ to mine at a level above an L3++ I'm not up on this, have not got my buddy at the data hall to try this, likely won't for 2 weeks, we have little time, BUT...from what I can tell a 10% pump in profits might be worth looking into on this...just saying, don't know here is the thread https://bitcointalk.org/index.php?topic=3546316.0;topicseenhey, it is not much good news..but it might help a bit! Better minds then me, post there and here on how it goes... |
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Brief note: I'm scrapping the wallet on a laptop I tried to get to work to import a 'paper wallet' of some small amount of verge I have (2,555 Verge) I will try on a different computer a fresh restart with the new version of wraith, hopefully, won't take a week to sync again, I will inform the thread of if it works or not or any issues...just because, if I'm gonna waste 2 weeks of my life trying to import a paper wallet ..someone will have to read one more post of my success (or failure) ...jeez, give me something! |
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so as a community member & miner, all the fork stories & doorstop stories, are they rumors only or the devs are going to implement it?
There is not going to be any hardfork. The whole story is that the Obelisk miners (manufactured by a subsidiary company of the Core developers) a few days ago revealed the preliminar tests on the units, and sadly the specs could be a 30% bellow the expected. As the mining network is already flooded by miners of 3 companies, by the time Obelisks are delivered their profitability will be very low (so all that speech about "doorstoppers") The buyers of Obelisk are in rage and are pressing really hard the developing team to fork the mining algorithm of the network to invalidate every miner but Obeliks. Some buyers are going as far as considering the fork as inevitable or consider it a proven fact, I guess in hopes of shaping the reality by describing a different one. ... but the reality is that the Core team is not going to fork the network: they are stating every day that this is no reason to provoke a contentious fork, and that the decision of not forking is firm unless Bitmain/Antpool starts to behave destructively against Sia (something that can't currently happen as the hashrate of Antpool is <15%) This is true. The no fork. IMHO, it is because 1) Obelisk-Tech is not OUT anything..they got these miners out the door as a pre-order with BTC...if they even kept 20% in BTC they likely are well ahead of the game. Their investment (and whatever profit) on the units are secure. 2) They want ASIC's for the network security..if instead of say (what is like 8,000 sc-1's or something) they can have the Bitmain units work in the same manner with aprox 75,000 Sia units in the world....that works even better for the sia-tech folk on their network...they have even LESS motive to fork...Bitmain has done the work and numbers for them..they could not pull out themselves....add the LATE Sc-1 units on top of this mix...and IF sia-tech gets the network where it needs to be to use all these ASIC's in the manner they intend...they will be golden 3) They COULD fork and do the same thing...and again IMHO that would work just as well, because I don't think the extra capacity of the Bitmain units would matter, in that I doubt they can implement that many units that fast into the network vision anyway....so again, a fork would be plenty of units to get their invisioned network off the ground but the numbers of ASIC's with Bitmain behind the protocol...well, it will be a LOT and I mean a LOT easier to get BIG TIME INVESTMENT with that under their belt...so again, IMHO, Bitmain will rule this coin and network as it becomes available...IF the obelisk sc-1's do arrive they MAY have fewer watts (500w vs bitmain 1,350w I think it is)...but that means they won't fade quite as fast (and this assumes Bitmain won't have a 2nd generation out of these miners at 500 watts also by the time they ship)..so there is that As an aside, I fully expect that Bitmain will have a Decred Miner out before the Obelisk Decreds ship..if I had to guess I'd say by July 1st, 2018....just a guess... I have ONE FREE Decred miner (swap'd 5 1/2 price sc-1 obelisk coupons off to a friend, he got 4 coupons and I got $800 bucks covered..thus free with 5th coupon free unit ...really tried to talk him out of it, but he badly needed equipment deductions etc and was getting 15 decred units 2nd batch, anyway...so I lost that argument) ...so at least I will ROI on that maybe... As to me, I think that I can ROI after electric with equip deductions at my miner income rate on my dubious 5 sc1 miners, ..IF I can make 40% back of the USD price after electric So the ONLY hope any of us have (or in my case 5 obelisks sc-1's) Is that the network use they plan for these ASIC's work and they ALL can be put to use Bitmain and Obelisk in a coherent manner....WITH a pretty good plug of Investment in the obelisk-tech firm and the coin..from this all pulling together...we MIGHT squeak by..but their frigging network storage vision will have to be on task at the same time as these ASIC's hitting in mass...along with some pretty good press...and investment $$$ and also investment $$ in the siacoin price too boot..or again...I myself will feel.. lucky if I get 40% back over electric and could just then call it wash (or ROI) compared to paying the tax man last year (2017) and the 25% equipment deduction also from 2017...*yeah...I was that big and need equip deduction that bad* but again..it is a stretch even on my 'dubious' scenario' above, for any of this in reality to happen....so heck ...perhaps after above I'll likely really be looking at full 25% loss... But no, they ain't gonna fork ..no way...they have like 8x the ASIC miners they expected.....for their network vision....bet on that if nothing else...NO fork possible... We pre-ordered..they are covered on equipment...the real test is IF they can get their network vision storage up to speed with all these ASIC's in the wings...that is what is gonna determine if any of us even get close to ROI'ing on the Obelisk's or the Bitmain units....without that ....all the ASIC's of this algo and siacoin are 'doorstops' anyway, what do I know at one time I drank the BFL kool-aid in 2013...but how I'm seen my 5 units of obelisk sc-1 doorstops currently later brad |
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My grandma is 93 years old, and she was asking me about Bitcorn the other day. That was a bit surprising.
Tell her to buy and hodl! At her age ...tell her to get a reverse mortgage, splurge it all on BTC, and hope it pumps 100% in the next 6 months and cash out and spend it all...!!! (serve you right...sending her down this evil crypto path of riches) |
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LMAO, love the poll at the top of this thread.  I'm a new Vergein (is that what we call people that are using XVG for the first time?)  I have my core wallet syncing now and I already have a nice stack to toss into the wallet once it gets synced... My question, about how long will it take to sync the entire wallet? Thanks for any advice. I plan to HODL my XVG for at least a few years while I keep picking up more and more over time.  heh...my setup may be broke (see my previous post on this thread) but with cable connection of 90mb...it took a week more or less (then I ran into other issues) FYI. |
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Wonder why it's not the "Narwhal Bacons at Midnight" token or something? All joking aside, this project seems like…something, I guess? I don't know what's the point? Is it a meme coin or something?
the lack of anything in development is due to the idea that " we have a cute meme name...Garlicoin ...because everyone loves 'garlic bread'! lame I know, but that seems the main mechanism of why they think the coin will pump...pretty lame... I think it dumped another 25% yesterday..slowly going to 'dust' it seems... |
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offtopic...
but anyone know what a wraith 4.0 qt-wallet -4 error is? Got it synched after a week...and trying to import a paper wallet with some low verge on this wallet
and not sure if the wallet is corrupt or what ...pm me for details or share on this thread...thanks brad
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Easy answer. Just stop doing preorders. Need to learn from history, it will usually end bad if you preorder something. Less risk if product is in hand (although you will either pay more or the payouts will be less than originally thought.) Either way preordering equipment months in advance that literally are useless in less than 12 months lately is too much....
I was pretty good at this kinda pre-order thing...but then latter part of 2017..bitmain as a monopoly started to play games and kick them out like toasters..it messed up my method...I likely (the siacoin miners) (in usd anyway) will make 40% on my siacoin miners (5) and this decred (1) after electric....if so it is break even, oranges to oranges I also expect a decred miner by them within the next 2 months... but yeah, crypto for miners...can't get that to fly anymore..in any rational manner...sell some stuff from the attic get 1 miner ..sure....but mine crypto to get miners on pre-order with crypto...that boat has sailed I'm afraid...I can't find an angle anymore worth the risk since last fall or so... |
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People are selling batch 2 Obelisk miners for less than the new batch price (and you'll receive them sooner, too) on the Discord channel.
I should do this...but they are MY doorstops damn it......(er wait ...that is the 5 obelisk sc-1 siacoin miners.....) er...nevermind...I'm getting my ONE decred miner (August? 2018) 2nd batch? for FREE...or/er/well for 4 800 buck 1/2 off coupons...and the other $800 covered (tried to talk my buddy out of it ..but he is a whale and got like 15 decred miners so WTF...no one listens to me...) So, for once I may actually KNOW I can ROI on an ASIC unit of some kind! Just have to beat $1 over the electric cost! (Dare to Dream!) ...er but than again...I have 5 obelisk doorstops...so meh!  This usually happens. Pretty much no different than 2012-2013 when I think it was Butterfly labs was taking preorders for their ASICs. Same happened in 2014 with KnCMiner and their Neptune miners. All were delivered very late and were pretty much door stops. pretty much said the same thing on the other thread (see link below) Although, KNC miner had their 1st chips out in 3 months from design/chip and unit..fudged up after that thou... https://bitcointalk.org/index.php?topic=1060294.msg36716928#msg36716928So their gamble on TSMC of a 1-year production...did NOT work out ..(maybe) the last ASIC chip as you said we're missed 4 or more times (they kept screwing up at the wafer end)...So Obelisk must have gotten a pretty good rate from them to try this again..and it still took 1 year! KNC Miner in 2014 had a chip designed/out/in machines in 3 months! Anyway, it is probably 'moot' anyway, the network that the ASIC's are to work with, does not look near ready to me...with the Bitmain Sia-tech units and the Decred miner, Bitmain will likely have out in the next 2 months....well...doorstops indeed anyway, hope I'm wrong, but was my 'fear' as soon as they announced TSCM chips and a 1-year delay, to be sure, seems they ate up that year already.. cluster brad |
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Well, this does not bode well, specs are down from what was thought, they will be short of chips in June, I guess their 'guess' of July 2018 was right on, with what they expected for delays... here is the link ..make of it what you will https://medium.com/obelisk-blog/obelisk-update-january-may-2018-739229a930ecAs for Decred miner, if you got those, I myself would make a 'significant' bet that in the next 2 months Bitmain will release a Decred ASIC... and Bitmain usually has less than a 6 week delivery or sooner on such things (they usually mine the first units themselves) HOPE I'm wrong, but it is what Bitmain does, pops stuff out like toasters... Just hope they make the July 2018 (1-year deadline) ...that, IMHO, is looking kinda iffy... what they get for going with the chip mnfg...TSMC...they ALWAYS seem to miss ASIC chip wafer deadlines and screw up (see BFL miners 2013) not a big fan...this being their 2nd attempt...from what I understand for an ASIC chip (thus the 1-year deadline, by Obelisk..just in case....) anyway, hope it does not 'devolve' into a cluster with Bitmain Decred units and/or more delays later brad |
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ok I spent 2 hours at the bank today.....mostly just waiting to talk with a rep. Turns out my wire was cancelled because of a wrong account number. Must have been a typo in Obelisk's directions because my wire transfer is exactly what is on the directions. I'm on the fence about this one. Should I let it go or go ahead with the purchase? Batch 2 cost was $1679. I do have a dragon mint b29. Im about 50% ROI at mining from 12 Apr ( 26 Days?) When I spend money on crypto equipment I never spend more than I can lose and immediately write off the costs. Thats whats causing why my indecision. The more I think about it I should probably keep mining with my $10.5 K dragon and save that 1679 for my next asic........what would you do?
I'd punt..it is not looking like you'd get your investment back....I have a buddy who used 4 of my 1/2 coupons on this ..also batch 2 I think....and for the coupons he covered the last $800 for me (tried to talk him out of it)..so we have 1/2 off coupons and it is looking iffy... by the by, I'd put some major money on Bitmain having a Decred miner out by August 30th when I think the 2nd batches are supposed to ship so hell, we don't think we are going to ROI...at 1/2 off ...I'd punt myself....I could be lucky and wrong...but again ...beware of Bitmain, that is my bet on them doing a decred miner and the usual, dump them out like 'toasters' Myself, I'm getting ONE Obelisk Decred Miner for the coupons for free....so no harm at my end....but with the other considerations of folks NOT swapping coupons for equipment not looking good (then again for those 5 coupons...1/2 off ...I have 5 dubious siacoin sc1 miners in the wind...so there is that little fly in the ointment!) ie....run! brad |
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Anybody ...I've finally after a week got the Vergecore Warith 4.0 qt-wallet synched
When I try to import the paper wallet (verge) I get the gt-wallet -4 error
Does anybody have any ideas? I'd rather not take another week of synching this!
wallet currently is unencrypted etc ..just trying to clean out a small amount of verge
thanks
brad
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Likely this guy, Dave Kleiman, seems to have the 'most consensus ..he is passed away... https://gizmodo.com/the-strange-life-and-death-of-dave-kleiman-a-computer-1747092460The other scenario is that he also was part of a group that included Craig Wright and Hal Finney..who also is passed away That will be a nightmare, if true, in that 'supposedly' Craig Wright says on Jan 1st, 2020 he will have access to a trust set up of Billions of dollars of BTC. With the other 2 of 3 from the group (if this was the case) now passed away, that would not bode well for the open source nature of Bitcoin..in that Craig Wright is patenting everything blockchain related he can, If he can have access to these addresses legally, thru the fund, he can prove he is Satoshi and thus can then claim patents on the works... https://bitcoinpatentreport.com/2018/02/21/the-truth-about-the-patent-portfolio-of-dr-craig-wright/In that, he pretty much 'hates' the BTC crowd who disavow he is really Satoshi or part of the above group, that would be bad, very bad for BTC and all crypto, IMHO. Very unlikely, but that is the 'Nightmare Scenario"!! |
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If I had one of these, I’d be mining the hell out of every noname shitcoin that’s left running regular Cryptonight. Maybe one of them will turn out to be good... and there’s still several under-the-radar coins out there.
what coin are you choose? Bytecoin, ETN, .... ? What is a 'reasonable' price for a Baikal Giant N these days? Also, what is the 'likely' price that will be asked for such, making my first sentence moot? Doubt I will get one...just curious about what it would take for a price to move any to those on here, with the folks here....and what the likely 'overpriced' real world price is. (I doubt they are close but need to ask) |
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It's interesting how now there's a push to re-adopt scrypt-n.
I can see why some would reason in favor of that here.
But I remember that devs initially denied that ASICs could mine this coin. It's possible that they picked scrypt-n by mistake given that the coin was advertised as ASIC resistant on its release.
Either that of the devs knowingly released Garlicoin on an unexperienced audience knowingly putting the ASIC-broken scrypt-n as it's algo, potentially to benefit from such with their insider knowledge. And if that's the case, Allium, the new algo, is just damage control. It seems like development has been abandoned after that point anyway.
yeah, your line above on development abandoned is right on... Someone with more skills then myself should make a 'garlicoin classic' NO pre-mine, say till 5 million coins or some such..then pre-mine a set % for development only...and a start at 0 difficulty on say midnight, such and such a date....(hmmm...guess that would be a new coin ..not a fork)...again you would show 1) fair start 2) scrypt-n 3) reasonable pre-mine AFTER A POINT IN TIME for development....etc etc Again, I know zip...guess maybe not call it garlicoin classic...in that it would not be a real fork as such...if you start at 0 difficulty...on a set time/date...Would have to make a new scrypt-N coin as such....there be by my count 7K of Titans out there boys and girls (out of say an original 12k or so..that likely are junk or burnt up) still running after 4 plus years....give them a reason to mine something..they may just do so.. again, garliccoin won't ..but they need something drastic to move this garlicoin project besides 'we have a cute name...mine us' but again, development has been obviously abandoned as you point out..so I'm just cursing at the wind it seems |
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Would love a version of this in graphical form. Im a noob with this command line stuff. Incidentally I have a no devfee D3 bios where you can reduce noise and watts if anyone wants it.
Agreed. I liked Blissz's version better. Yes, it has a fee and I understand the controversy there but it's as easy to use as the stock browser interface. Many say that blissz is committing a crime or a civil tort. So if you use his software you could be involved in a punitive lawsuit. While you may like it why not pay some coin to this person to get a legal GUI NOT sure if this applies and is completely OPEN SOURCE and NO $$$ are involved...just saying... I believe 2 parties can modify whatever the hell they want...if they don't use the Bitmain software (make their own that does something similar from scratch) and want to void the warranty (in our case most L3+'s are past the 6 month date... and again the NO profit aspect of this mod... anyway, better minds then me know...but how I've always seen it done....or heard about such things.. |
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I guess if I wouldn't have had these monthly buying needs I would have been out already.
Interesting. I can't see myself ever as out. I'm retired and out. (goal is to use crypto ...mostly alts...and mining to get buy next 3 years when I touch traditional soc sec and investments....don't really need to do this ..but hey, its a goal) HOWEVER, scrypt-pow mining may be 'dead' to me by August 2018, if these prices vs difficulty keep up...vs difficulty Thus, I will likely, crack, like a walnut, (overkill) either by BTC hitting say, 8k again or 15k again...I might dump up to 25% of my Hoard (not sure the mixture of alts to btc) ....due to the fact I REALLY, REALLY LIKE NOT WORKING FOR ANYONE... I must say, however, IF, the frigging BTC price would be floating sideways at around the say 13k to 15k range...I'd have a LOT less angst on this whole thing...as I assume others would and sure ...some would be sold....but far less IMHO...vs another 8k dump So, IMHO with others and with me, I figure that IF BTC dumps to 8k a lot of folks will dump as a hedge on further drops... and if BTC goes to say 13-15K people will also dump as a hedge ..again, on a further dump, even if less drastic Right now at this 9k range...everyone is sitting on their hands (like myself) watching the price ...and fidgeting with confusion so, yeah, you get rid of the job it is great...but then you have to 'live on what you kill" mining or otherwise....tis annoying So, yeah, got to eat....sigh.... |
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Yeah, the OP I think is just spreading FUD...
Basically, the way I see it, MOST people HODL'ing coin of any 'significant amount' will sit on their hands at 9-10k BTC price...
They WOULD likely sell 'some' at 14-15k BTC IMHO and would panic dump starting at about 8k I'd think
anyway, as longtime HODL'er how I would approach this....again at 9-10k BTC (or half the ATH) MOST would, at this point
in time be 'sitting on the fence'
But, as to myself, I will be tempted to sell at the $14-15k BTC range...as a 'hedge' and same goes for the 8K and below range.
this price at 1/2 the ATH is not gonna sway any long-term HODL'ers IMHO...when/if/maybe at my above price points..but dumping
now at 9 to 10k BTC...... er....nope....this price is pretty much the perfect 'holding pattern' for a bit...you need my above conditions me thinks
to see some BTC and alts get dumped, again IMHO.
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Garlic coin will reach Zero after they changed the Algo and stole coins ...
Put it back to Scrypt-n or you will see the coin to Zero. No one is buying garlic coin after what you did !
Wake up !
pretty sure they pre-mined and don't care...saying....devs seem to be 'just letting it ride' to whatever...no new innovation seems to be how they roll |
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90% correction - from here, or from the top? I could see $2500. I can't see $1000. I doubted them until they said ETH would rise to #1, they're totally legit  well, if BTC dumps to 3k my altcoin hoard is 'dust' and I'll sell the works...BTC, the cat, and my Apple II collection...(cowards always have a way out) Likely my 'end game' would be to panic sell like a 12-year-old child. My goal was/is to get by on crypto UNTIL full retirement and then take traditional Soc Sec and Investments then. 2.5 years to go! (Not sure why I'm doing this..it is a goal I guess) Anyway, that would probably be my 'pucker factor' punt point... ( I really, really, like retirement...even at my somewhat 'dubious' suburban 'ghetto' income stream.......just saying, it dumps to 3k, for BTC, I'll crack like a walnut!)  |
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