I saw the following, and thought a link here would be interesting: https://bitcointalk.org/index.php?topic=1072474.0I think we'll see the impact of this in the near future, which will mean a positive increase in difficulty.  @Phil: You might to amend the title to say picks are closed. An amendment to the above. When I asked in that thread, the poster responded that the gear was NOT new, but rather they were relocating. So my original thought though that it would up the long term hashrate was incorrect. It is though, several Petahash that's offline for a while during their move. Hence some of the "variance" we see could be physical location churn of hardware, as well as Bitcoin luck/variance. I'll take it while I can get it, but they "will be back...." (said with Arnold's voice). they have 3 cent power add.5 cent and they are 3.5 cents at worse. the s -3 is .8 watts a.gh the sp20 can approach .4 watts so to be on an even playing field you would need 8 cent power. I think this kind of move means very little diff growth due to new gear. It appears building a new farm and moving your old gear is better $ move to make then designing a new s-7. If I were bitmaintech I will be moving 1 valley north from this build . my 7 or 8 cent farm will be a 3 or 4 cent farm moving good gear in trucks to a new place at have the power . the 2015 mantra where is the cheap power? They also stated that they were looking to acquire lots of old S3's to make it to their proposed 12PH number, so again there, reuse of hardware that either was or is still hashing away. My guess is that they do get some equipment that was offline, but most of it will just be shifting so we really should not see much of an increase overall, just maybe a dip then return as units are in transit (if the number of units is significant enough in one shot). |
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Well, odd, but since you posted it here also as well as the pm I'll take the chance. I'd like to use OgNasty for escrow, and I can set that up today. Post here if you agree and we'll finalize the transactions through PM's.
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I have a bunch of S5's I'd be willing to sell, escrow through OgNasty. Only problem is I don't have the original boxes so they would ship out in whatever boxes I can get from the UPS store or wherever.
PM me if interested.
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A private bidder contacted me during the downtime and offered 5 BTC with escrow. Any other offers?
If you're still entertaining bids, I'd go up to 5.2 with escrow. |
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I speculate that part of the reason things are pretty stable is simply the fact that there is no faster tech coming about soon, and no one _has_ to replace their gear to keep pace.
End of last summer the arms race was booming - many new miner hardware tech came about - I went from S1 to Terraminer to S3 within a period of 4 months, each with a different chipset and better, more power efficient. But, I HAD to, in order to keep up with the diff jumps. It was expensive, but back then coin was also at $600, which meant I could mine and turn that around for more gear and infrastructure costs for less.
Now my latest gear has been in place since January - S5's and SP31/35 units. Since then the diff has adjusted a total of around 15-20% in over 5 months, instead of in 5 weeks. I haven't had to upgrade anything to keep pace with growing diff, and my miners are still very viable and profitable. In fact they're probably making more now even after the 20% diff increases, since they're now paid off and fully positive ROI has been achieved.
Part of it is the fact that you can't buy any more SPTech gear, so there's no new gear coming out from them. Bitmain has S5 and S4+, but with the price of BTC, they're really not selling much. I believe it's related to the price, and the upcoming halving also has an effect. People may very well be just hanging on to what we have now as they possibly see themselves being out of the game in less than a year. Who wants to spend a ton of money R&D'ing new gear which can take many months, for what could be very little profit return with coin so low. If I'm a large mine, and my gear is still very profitable now as it was almost 6 months ago, why would I want to rip it all out for a very marginal increase in profit, and on top of that have to pay back all that hardware I just bought, when I'm still running perfectly fine on what I have.
I agree with a lot of Phil's previous statements - if coin goes up, people power on and chase that profit. If diff goes up and coin doesn't, gear gets turned off and we dip the next cycle. There's just not a price point right now that's conducive to profit, especially with summer coming and many places with higher prices for electricity coupled with the need to have even more cooling to offset the extra ambient temps from summer.
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I'll jump in on this one:
-0.76 to -1 (I think is the right boundaries)
I picked that already, 2 posts up. Bugger... Ok, how's about -1.26 to -1.50 then. |
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Well, if everything falls through, I'd make an offer to match highest bid, and I don't have any issues with making funds available immediately. Since I own the other two MS-68's, this would be a nice add to the collection. I unfortunately missed out on the ending time of the original auction.
Good luck with the current sale, hope it all works out.
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Ok, I (finally) processed the last rounds' promos... a whopping two! Squirrel_Dearing: 741fc3003c1be26935c326fa893abb5b292ace401e276471ec9ce6a4708f025b naypalm: e264679aebf707b5c34bcedc99c30b047fe92fc9d2d960d5180fdfc84d09d43d I'm leaving the promo in place as-is, unchanged, 0.005 BTC for an incorrect prediction, up to 12 predictions. Good luck with this weeks predictions! I hope we have a better hit rate than last week! |
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I'll jump in on this one:
-0.76 to -1 (I think is the right boundaries)
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Second payment received. Thank you!
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Below are some screenshots of miner status, I put them here for history's sake  We can finish the deal through PM from here on. From M's Miner Monitor:  Antminer status page on the first one:  Antminer status page on the second one:  |
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First payment confirmed, thanks!
And yes, Phil, whenever I'm in any of these rounds and we hit, keep the tip amount for yourself on top of what you give to CK. Just saying it here so I don't have to re-post it later.
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I can cycle in and out if you want. This was a good belated birthday present for me, so I'll happily sit for a round so someone else can roll the dice |
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Phil, I sent you (and the whole group since I hit reply-all) a signed message from my address.
Yeah I read that, and now I'm hungry... ;P You know... I looked at this post like 5 times before what you wrote sunk in. From my address, I assume you're referring to this: In reality, my address refers to this: As does my user name Ha! Yeah, I was certainly thinking the former... I haven't had one of those in a very long time. |
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Phil, I sent you (and the whole group since I hit reply-all) a signed message from my address.
Yeah I read that, and now I'm hungry... ;P |
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There's an address in my profile, this should take away any chance of a scammer PM'ing you with a different address.
Phil, I'm good with tipping you as well as a thanks for organizing this.
okay look up and see if I copied it correctly. (give me 1 minute) Yep, looks good. |
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There's an address in my profile, this should take away any chance of a scammer PM'ing you with a different address.
Phil, I'm good with tipping you as well as a thanks for organizing this.
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I've got a few S5's I'd sell if you want. 2 for 2.5BTC shipped, I'm in the Northeast US.
I can add cables and breakout boards with either Dell 750W x2 (110v) or DPS-2000BB x1 (220v) for an extra .5BTC if you need.
These units have been running in a datacenter environment with UPS'd power and good cooling. Stable units @350 stock setting.
Escrow with a reputable member, OgNasty preferred.
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