I believe that it was Xian01 who instead of buying a S7 bought BTC with fiat for the amount that the S7 cost when it first came out. I think he's probably pretty happy about his choice now but I could be wrong since the price had dropped a bit.
I think it was the other way around. He bought BTC at the yearly highs of around $475 on Coinbase instead of buying an S7. There is a photo of his transaction somewhere on this thread. So its shows how doing either can go either way. I think you might be right. I didn't spend too much time trying to find that post and I couldn't recall BTC prices around that time. I guess we'd have to compare his BTC vs the amount of profit mined from the batch 1 S7 plus the potential resale value of the S7. Interesting price adjustment from Bitmain. Decided to do this again instead of buying an S7  Good luck everyone. Boy did I pick a bad day to buy or what ? *sighs* Had another urge to buy a miner. A Batch 3 S7. Decided to do this again, instead.  PACMiC v4 looks to be a loser. Good luck everyone. And the buy button just went live, despite the large expense, I wonder how long until they sell out of batch #1?
Good luck to everyone buying these ! Looks like some great gear, but this time around, instead of buying a fancy new miner, I did the following and will HODL.  Lets see which will be the better investment 9 months down the road. Thanks for sharing. I love mining and will continue to do it. But you do show a track record of pretty good investment's which I applaud you for. Are there any losers you have not shown? It seems like you could have not been right 100 percent of time? |
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So you have to lay down a $1M order on the chips sight-unseen in order to get information about the chips? Either that's not correct or that's powerfully stupid.
No - all you gotta do is make them believe you might, and btw - they are willing to show you the chips. I think making them believe it is not going to be as easy as this sounds. I think they will look up past projects and if you are not a huge bulk customer like you mentioned 1 million (possibly less) they are not going to even talk to you. And those who have looked at them an know a lot like Dogie mentioned are under NDA. So we really have no idea who has seen it or what plans are. I don't expect NDAs to be lifted anytime soon. I bet they want to make their own internal miners, and chips to sell to those who bought in. After that if they need more customers maybe NDA are lifted and we hear from more people. |
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The GPU might hold value longer depending on how long till next release (have not kept up with GPU's for a while). But even buying mining and selling it I don't see much profit if any.
Asics control pretty much everything. And a lot of the scrypt asics seem to be secret. SFards went dark.. and mined it themselves. So hard to tell if anyone else out there did this to.
yeah, there are also rumors about secret xX asic, so not even that algo is safe anymore, only monero algo and akin are safe, since you can't even mine them properly with gpu And that is part of it where most mining companies are privately held they don't need to disclose what they are doing. Just like SFards they did the math and figured out wow we can make a lot just keeping in internal.... and they did that. If a algo is worth enough someone will build an asic just how it works now. Most algos are asic resistant not asic proof. So if there are asics in X11, X13, etc. Would not surprise me at all if they mined them and were quiet. |
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Paypal.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
It might be but through paypal you have to agree you have more protection then if you sent BTC. No, I do NOT agree. PAYPAL ITSELF has a long bad track record of rippiing people off, or at best being VERY VERY SLOW to pay off on valid sales with ZERO explanation given. Guess you're looking at it STRICTLY from a buyer viewpoint - where they might offer a little protection. They offer a MUCH HIGHER probability of a seller getting ripped off. Their so-called "seller protection" is a flat out LIE. they have increased even the fee recently, i don't remember losing almost 10% for every transaction, yesterday i did a 28 euro transaction and only 26 went it that is a scam indeed, too bad other service are not really used here(okpay) or i would use those What it is a monopoly no other auction site comes close to it in traffic. There are Ebay fee's, Paypal fees (which you pretty much have to use), and now they are part of shipping they save you a few bucks but no doubt get a kickback from being part of shipping now. So it's fees and more fees. But no one comes close to the volume of customers they have. So they are in charge and they pretty much know it. |
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Also need to know if your dong profit in BTC or Dollars. For example batch 1's costed a lot more in BTC. Now come batch ... the price is much much lower on BTC.
So actually buying now vs start is huge bonus on profit. But difficulty is a tough cookie right now. So going to really depend also on what difficulty does, I hope it goes down but it's been kinda high.
difficulty might go down? ha? well unless you believe that miners would keep mining at loss under 100, of course the diff will be lower, but since any big farm out there have roughly the same electricity i'm guessing who is going to leave the scene, surely not chinese.... I don't believe miners will be at same levels if it is mining at a loss. I know myself I don't care to pay for my electricity bill and be losing money. If I am losing ... then I would need to scale back. I will always be mining with something. But if it is at a loss most are not going to go big I don't think it's just not sustainable. Also I think close to halving we will see some really low efficiency chips. Probley a bit before having. So that is a factor aswell. |
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Very intersting data philipma I don't think I have seen this before. There are less then I was expecting.
Are you able to do the same with antpool? Could we see how big operations are within it?
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No because the discussion has no mention of positive difficulty and or negative difficulty adjustments.
look at the negative adjustments
Difficulty History
Date Difficulty Change Hash Rate
Jan 13 2016-----113,354,299,801------9.12%-----811,421,684 GH/s
Dec 31 2015-----103,880,340,815-----11.16%----743,604,444 GH/s
Dec 18 2015 93,448,670,796 18.14% 668,931,642 GH/s
Dec 06 2015 79,102,380,900 8.77% 566,236,898 GH/s
Nov 24 2015 72,722,780,643 10.44% 520,569,941 GH/s
Nov 11 2015 65,848,255,180 5.77% 471,360,171 GH/s
Oct 29 2015 62,253,982,450 2.25% 445,631,364 GH/s
Oct 15 2015 60,883,825,480 0.12% 435,823,399 GH/s
Oct 01 2015 60,813,224,039 2.49% 435,318,014 GH/s
Sep 17 2015 59,335,351,234 4.17% 424,738,988 GH/s
Sep 04 2015 56,957,648,455 4.98% 407,718,729 GH/s
Aug 22 2015 54,256,630,328 2.95% 388,384,088 GH/s
Aug 08 2015 52,699,842,409 0.81% 377,240,166 GH/s
Jul 25 2015 52,278,304,846 2.35% 374,222,683 GH/s
Jul 11 2015 51,076,366,303 3.39% 365,618,871 GH/s
Jun 28 2015 49,402,014,931 -0.58% 353,633,397 GH/s ---- negative 1
Jun 14 2015 49,692,386,355 4.42% 355,711,957 GH/s
May 31 2015 47,589,591,154 -2.50% 340,659,563 GH/s---- negative 2
May 17 2015 48,807,487,245 2.44% 349,377,603 GH/s
May 03 2015 47,643,398,018 0.07% 341,044,727 GH/s
Apr 19 2015 47,610,564,513 -3.71% 340,809,696 GH/s---- negative 3
Apr 05 2015 49,446,390,688 5.84% 353,951,052 GH/s
Mar 22 2015 46,717,549,645 -1.50% 334,417,246 GH/s---- negative 4
Mar 08 2015 47,427,554,951 1.59% 339,499,662 GH/s
Feb 22 2015 46,684,376,317 5.01% 334,179,783 GH/s
Feb 09 2015 44,455,415,962 7.71% 318,224,263 GH/s
Jan 27 2015 41,272,873,895 -6.14% 295,442,739 GH/s ---- negative 5 on my birthday and a nice big drop
Jan 12 2015 43,971,662,056 8.20% 314,761,417 GH/s
Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s---- negative 6
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s---- negative 7 back to back
Nov 18 2014 40,300,030,328 1.76% 288,478,854 GH/s
Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s
Oct 23 2014 35,985,640,265 2.81% 257,595,247 GH/s
Oct 09 2014 35,002,482,026 0.98% 250,557,526 GH/s
Sep 25 2014 34,661,425,924 16.20% 248,116,151 GH/s
Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s
Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s
I don't really understand what you're talking about. Is the difficulty adjusting itself with the lowering price? If yes, why does it do this? I thought difficulty could only go up! Dificulty adjusting itself does not cause lowering of price (or at least should not). I think current one is due to Cryptsy which is a big story, and also the dev that left and made it such a big exit. Those two stories combined and sharing headlines at same time on many BTC news sites is a bad deal. The good thing is difficulty seems to be slowing down some... so we can hoe it continues again this week. |
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I think it really depends on how the campaign manager reacts once a site officially scams. If a site scams then the manager attempts to get participants to continue to advertise the (what is now a) scam site, then the manager should be at least partially responsible. On the other hand, if they are neutral or encourage people to leave the campaign then I don't see any reason to blame them for something they have no control over.
There are a number of companies that have advertised via signature ads, and most likely many more will advertise in the future. Some of them will turn out to be a scam.
I assume this is about the "yahoo" situation involving ormine. I'm not sure if negative trust is appropriate in his situation, although I don't know much about the situation beyond that he was running their signature campaign. Unless there is evidence that he knew they were planning a scam, or if he tried to get people to continue to advertise after they scammed (like EvilPanda) then I would not leave negative trust.
I would agree there is not a cut and dry we can say yes they are or no. I think it really depends on how they acted and what knowledge they had. With being campaign manager I think you do have the responsibility as a ambassador for lack of better term to be in talks with the company and know how it is going. You should know if buisness looks good or hearing things that are scary. Now if business said all the right things and kept paying for campaign, and there was nothing to point to scam. It's harder to blame campaign manager. Also if everyone is paid or not I think is a factor. If all that were part got paid... then it again leans to manager doing job right. If they have anyone who was not paid... then it leads twords possible reason for neg as they should be keeping track of if they are able to pay everyone. So i guess it comes down to if you trust the campaign manger did not see the signs of it coming, and was out of that loop. Which I think is hard to prove in a lot of cases. |
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What do you mean "account number"? The public address or private Key? Or your username to a wallet service? Which app were you using? We need more info.
Dannny pretty much hit up all the questions. Finding out which wallet is key. I hope it was coinbase. But for others reading out there are hardware wallets you can use with mobile android with wallets like MyCellium. Ledger Nano and Trezor both work with it great. I really like the extra security of having a hardware wallet even when mobile. I don't like to store much more then spending money in my hot wallet accounts so even if was a loss is not a big deal in overall scheme. I'm sure on "account #" he means his bitcoin address. Probley deals with fiat more in a fiat world you might look at something like it an account. |
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Encrypt the wallet. Do not allow anyone else to access the VPS. If you can, you should put an IP whitelist so that only your ip address can access the VPS.
The white list IP is pretty important. But if your computer get's compromised and it's on that IP... can lead to bad things. If you throw a VPS up it is really a hot wallet as it's connected to internet full time, that does not excite me on wallet. Is there any reason you have to use a hot wallet? I guess what is project? |
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I have read this before and I have downloaded the BitCoin client, so how do I identify my private key here? I also noticed with my wallet, I only have one bitcoin address, how do I have so many more on CoinBase?
You can export your private key in the debug console, however, don't do that. It is intentionally made difficult to do so that people don't do it and compromise their security. You can get more addresses by clicking the "new" button in File > Receiving Addresses. Ok, thanks for the info, but what is the private key? I seen on here that there is a game where people are trying to crack bitcoin addresses to get rewards. How private can it be if people are cracking them? you can instal mycellium bitcoin wallet at your mobile device https://play.google.com/store/apps/details?id=com.mycelium.walletyou can back up your private key and you get full acces to your bitcoin addres Also a neat feature is some hardware wallets work with MyCellium on android. I have done a hands on with two of them. Trezor: https://bitcointalk.org/index.php?topic=1298917.0Ledger Nano: https://bitcointalk.org/index.php?topic=1305888.0 |
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What am I missing?
I have free access to data centers and free power as I already have lots of these paid for with real non bitcoin servers in them
But when I calculate breakeven on the best bitcoin mining equipment I can find my breakeven is more than a year even without the halvening factored in.
So how do these guys make money?
pools or mining centers? Your post is asking 2 different things. Good point I missed this. Most regular data centers are actually set up for bitcoin miners they provide a lot more heat then your standard server. So some true data centers do not want mining gear. Normally its special data centers with specific cooling systems. But you mention free? Is it truly free if so how many watts do you have? And have you checked if they allow miners? |
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What am I missing?
I have free access to data centers and free power as I already have lots of these paid for with real non bitcoin servers in them
But when I calculate breakeven on the best bitcoin mining equipment I can find my breakeven is more than a year even without the halvening factored in.
So how do these guys make money?
The top 2 customer pools I think by percentage are fish and antpool. Fish is PPS at 96 if I remember right but gets some other mining with it. Antpool you get no merged, or transaction fees but they do PPS at 2.5 percent. So some such as those with PPS do make a killing since they are so big. And having does not matter the pools will remain profitable just less profit as far as BTC, but value hopefully makes up for that in future. |
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11c difference on s5! made in china!!!  As long as higher one is accurate enough to shut off when it goes over 80c it should be fine. I think that is the main thing is the system being able to shutdown if to hot. I know I had a S3 I think it was where 1 had temp other did not even have it. I checked with support they where happy with just 1 as it should shut down the system if to hot. So perfect sensors... probley not. But accurate enough to shutdown if it's going to hot yes it should be. |
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WHO'S THE CRY BABY? ? ? ? ? I bought batch 1 for over 8btc! add shipping and 24% import tax!!! fucking pussies!!!
same here...but I was able to get a coupon so i was around 7.3BTC shipped and still have not gotten back half of that yet. I'm not sure who got the best deal there was the time where BTC surged fastly and they were fixed USD pricing. Seems there were "bargains" then but I cant remember exact price just that it was cheap as far as BTC. When btc hit around 350ish if any purchased btc around that and bought a B9. That might be also one of the better deals. So unexpected and unpredictable things are what create "deals" I think For most part they are able to keep price pretty even. But there was a few drops to I guess in there. I believe that it was Xian01 who instead of buying a S7 bought BTC with fiat for the amount that the S7 cost when it first came out. I think he's probably pretty happy about his choice now but I could be wrong since the price had dropped a bit. I think it was the other way around. He bought BTC at the yearly highs of around $475 on Coinbase instead of buying an S7. There is a photo of his transaction somewhere on this thread. So its shows how doing either can go either way. Interesting that he lost fiat value. I would like to see that loss vs a batch 1 S7 once the S7 is done and possibly sold to a second owner. I think a lot forget that miners these day's will be mined by people with decent to normal electricity. And for most part now they instead of sitting in corner unplugged will be sold to cheap/"free" electricity users. So can't forget about the sell at end when thinking about ROI. |
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From what I heard, Mike had a few hundred bitcoin. I've never heard that he was a miner. His impact on the price is not that direct.
The price downturn was due to his comments and exit.
And maybe sprinkle in a bit of bad (but not unexpected) news about Crypsy. As an aside, I completely cleared out of Crypsy months ago and never looked back.
Really I think that Mike leaving will have a good effect. It is very likely that we'll get some protocol change, even if it's only the move to 2 MB blocks as per Bitcoin classic.
People can argue all day long about how Bitcoin should be changed to support growth. But something has to happen, and it has to happen relatively quickly.
My hope is that Mike's dramatic exit will force something to happen in the near term so that Bitcoin can continue to be relevant and maintain its potential for greatness.
I don't think it will force much though. His as you put it dramatic, which is very true leaving with timing of cryptsy going belly up. So there were two bad decent sized articles on most bitcoin news sites. And the more the comes out of cryptsy the scarier it is. They sit on being hacked for months which is crazy they knew they were doomed, but kept it internal. So really bad news. Add to this someone who some respected saying bitcoin is dead is a huge story. Does anyone know why he made such a public and hurtful comment? Also it interesting he sold at the higher rates..... he did not deal with downside of his comments so I have a problem with that it's like inside info. |
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I have an Antminer s7 batch 9 running at 7.4th/s. Will it be more profitable mining in a pool or just by myself?
7th/s is about a 100,000th of the total network. This means over a month you have only about a 4% chance of finding a block (30*24*6/100,000). Your changes will fall in the future months as the difficult rises. So "‘You've got to ask yourself one question. Do I feel lucky?" And the chances are only going to get worse. If you really want to lotto mine I suggest getting a compac or two and a RPI. You can mine for lotto for fun if you want to. S7 for most is to big of gamble the machine is pricey for a payday that likely will not come. And there is also electricity cost so your cost will get more and more. I would highly suggest a pool. |
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WHO'S THE CRY BABY? ? ? ? ? I bought batch 1 for over 8btc! add shipping and 24% import tax!!! fucking pussies!!!
same here...but I was able to get a coupon so i was around 7.3BTC shipped and still have not gotten back half of that yet. I'm not sure who got the best deal there was the time where BTC surged fastly and they were fixed USD pricing. Seems there were "bargains" then but I cant remember exact price just that it was cheap as far as BTC. When btc hit around 350ish if any purchased btc around that and bought a B9. That might be also one of the better deals. So unexpected and unpredictable things are what create "deals" I think For most part they are able to keep price pretty even. But there was a few drops to I guess in there. |
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I would like to join!
38BjS4tjQTSi3e1hihwnMyj2QqnHX6JVb3
posts: 837
Thanks!
A post like this and adding signature does note get you in campaign. As of now: No New Spots! Enrollment is manual, please make an enrollment post.
I wish it would put that at top of each page and would save so many of these. |
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guys I know its frustrating to order and then the price drops, but welcome to Bitmaintech I suppose. I recommend only ordering what ships RIGHT AWAY, everything else is pre-order and the price is bound to change for the best or the worse.
Yesterday was some decent deals as far as USD with a fixed BTC price. BTC value is going up though were around 390 again so hopepfully will go even higher. Hard part about ordering now is a decent difference between something that is 4 day's away from start of other batch. And some have already got B9's. But it is true there will be winners and losers on who picked right most likely. I still see most going for B9 at this point. |
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