Thanks again.
Stupid question again: where do I find my bitcoin address? Are these the addresses I put into Virwox and quickbt when I did those two transaction or is it a stable address for my wallet? Totally confused.
And how do I find the private keys?
You'll have an address book and you can generate receiving addresses. If you did not do this before, its absolutely impossible for you to receive the BTC on your wallet. Its like saying you bought a book online but didnt give them an address to ship to. I recommend not messing with private keys, whoever has access to them have access to the BTC "stored" on its public address. If you want to move your BTC to a new wallet, just make a new clean wallet and send it there. |
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So I'm finding this about as simple as trying to program a monkey-driven rocket trip to Pluto.
Trying to get bitcoin today.
Went the paypal route to VirWox, put in a transaction that supposedly went through.
Downloaded Armory wallet.
Then had to download bitcoin, since I got a message directing me to do that.
Nothing in the Armory wallet from the paypal transaction though.
So I then try to fire off an interac-transfer through quickbt.com
Again, transaction goes through, but nothing in Armory wallet.
Armory is giving me this message "Downloading via Armory CDN", and a torrent rate, along with "7 hours" (was 8 earlier).
Can someone please advise me as to what is going on, and also if there is any possibility of actually getting some bitcoin today, please advise on that method as well.
Thank you.
Well Armory is a full validation wallet as far as i know, which means you need to download the whole blockchain first if its labeled correctly. The blockchain size is massive; https://blockchain.info/charts/blocks-sizeIf you want a quick sync wallet, thats not one. You'll want a SPV wallet like Multibit HD or GreenAddress if you want 2FA. Some recommend Electrum but i'm not familiar with that one. Thanks for the reply, much appreciated. So will the two transactions appear in my wallet in Armory once the "blockchain" is downloaded? And every time I do a transaction, does Armory go through this tedious process? Or just at the outset? If you keep it running it will continuously sync. If you turn it off, it will only need to sync for the time period it was disconnected. When it reach your transactions in the blockchain, they should appear and once sync, the wallet will let you move them. Assuming you sent to the right BTC address.  |
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So I'm finding this about as simple as trying to program a monkey-driven rocket trip to Pluto.
Trying to get bitcoin today.
Went the paypal route to VirWox, put in a transaction that supposedly went through.
Downloaded Armory wallet.
Then had to download bitcoin, since I got a message directing me to do that.
Nothing in the Armory wallet from the paypal transaction though.
So I then try to fire off an interac-transfer through quickbt.com
Again, transaction goes through, but nothing in Armory wallet.
Armory is giving me this message "Downloading via Armory CDN", and a torrent rate, along with "7 hours" (was 8 earlier).
Can someone please advise me as to what is going on, and also if there is any possibility of actually getting some bitcoin today, please advise on that method as well.
Thank you.
Well Armory is a full validation wallet as far as i know, which means you need to download the whole blockchain first if its labeled correctly. The blockchain size is massive; https://blockchain.info/charts/blocks-sizeIf you want a quick sync wallet, thats not one. You'll want a SPV wallet like Multibit HD or GreenAddress if you want 2FA. Some recommend Electrum but i'm not familiar with that one. |
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Hi guys my antminer s5 is dead, the beagle bone died (already did the micro sd reimaging thing, it didn't work), I don't want to wait 3 weeks and spent 62$ buying a BB from amazon when i have no bullet proof tutorial about how to make it work (and add 2 months to ROI).
I ask for your help because i had seen that the daughter board has two empty data connector for hashing blades and an empty fan connector.
So my question is, what does it takes to build a 4 blades s5?
A) Do I just connect the two blades and fan from my broken antminer?
B) Connect the 2 hashing blades, and intercept the fan cables of good miner and splice them with the fan of my broken miner?
I was wondering if there is no damaging side effect from doing this?
I have the Jan 07 Firmware, the one that came with the 5 machines.
Any help or advice that you could provide will be really appreciated .
Mine run fine with just plugging the blade cables into the S5 next to it. The only problem is the cables are short so you need to put them on their sides head to head. I use 1 fan per S5 so i use up the 2 Fan connectors. Then i put a box fan blowing air through the fins and it solve the clutter heat problem and it let me lower the fans to 25%. |
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It doesn't appear on my router and the ip is 192.168.1.99 and when i try to access it i get webpage is not available and can you give me a network scanner and tell me how to use it
Something like this should work; https://bitcointalk.org/index.php?topic=344970.msg3857425#msg3857425You run it and it should probe every IP in your subnet and list their network name. Did you try to SSH into 192.168.1.99 with putty? Also with Static IP, you can have ip collisions. |
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Because there are bigger fees and taxes with FIAT.
But I think if enough people know BTC things may change, sadly
I think BTC will be fine, FIAT is easy to regulate, BTC not so much, and if a government crack down on BTC use with their citizen, it will just make people turn to stealth services. I think people that get familiar with BTC then realize how much money they are losing to processors, fees and endless taxes. |
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I think that the bitcoin value changes time by time which makes it more profitable than the fiat.
Fiat also changes it value but not to much like bitcoin, so the first is the profit.
Then low transaction fees when sending bitcoin to the other part of the world.
Well yes, the supply of BTC will diminish so you get deflation instead of inflation. While this is very interested for holders, it also reduce liquidity as its push people to hold instead of spend. Simply contrary to FIAT which lose value over time, so holding a debt in FIAT can be advantageous as it effectively shrink equivalent to inflation, which also mean that just holding FIAT in a bank account is bad unless you place it in a way that you at the very least get more interest on it than you lose to inflation. |
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I would highly recommend you mine in a pool. Even though 10 TH/s is a pretty good hash rate, mining solo is risky and in the amount of time it would probably take you to generate 1 block with that speed, as well as the electricity bills and maintenance which will be required, you are better off mining in a pool (especially with the fact that block halving is coming soon which will make it even harder for you to generate a block).
Mining solo, you may get lucky and score big, but there are no guarantees, whereas if you mine in a pool you are not likely to make as much, but you have a much better chance of at least making a ROI (return on investment)
actually roi should be the same if you invest an amount that as the same value of a block, no matter if you mine in pool or solo, as long as the diff remain very falt because if you earn, let's say 0.01 a day, it mean that you chance for a block would come after 0.01 x 2500 days But those are silly and unrealistic if's The Difficulty is rising and will continue to do so, add to the the block halving next Year and for most people with recent hardware unless they have ROI'd before the halving they are unlikely to. If you go solo with 10TH yes you might find a Block Tomorrow or none in your lifetime. You must ensure you take advantage of the Months before the halving and the only way to guarantee that is Mining with a pool. Rich you said it right "if" well in the past that if was a no, so it's not unrealistic at all, there can be other long time flat price/diff moment in the future so that estimation is still valid You might have something in the vicinity of 50% getting a solo block with 10THs before profitability really crash because of the halving. I'm not sure how it will affect the price before and after it but you can decide to go it either way. Secure your ROI or gamble it away. If you win, you can really make bank on your 10THs. It's even possible to get 2 or even 3 blocks solo. As long as you keep in mind none at all is more likely. |
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I am an absolute beginner . As I start to mining . There is much information about, what is right .
Actually, tell us your electricity cost, location and overall temperature where you live and we can help you kick off with a ballpark of its even possible for you to profit from mining or not. If its over 0.08$/kWh i would not every try. If you're better on the BTC value raising, you can do 0.1$/kWh or lower. Under 0.05$/kWh you can get one or two generation old miners for cheap and secure your ROI in 2-4months, which really cut down on the risks. |
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What those clueless morons refuse to understand is that you need a token to keep a decentralized blockchain operative and safe.
Second, you can't have a blockchain to be as solid as the bitcoin one unless you decentralize it. That's why "local blockchains" are doomed from day one.
Actually, you really don't. You don't need a token, you just need some data to to write. And banks can easily decentralize the verification system by using a node systems. They will create some sort of operation verification system... And then they can simply use the blockchain technology as a super ledger for automated transactions. They can and will do all that without needing to touch Bitcoin at all. |
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What about auctioning it. People get crazy bidding for stuff that is unique. I would start off the bidding at .35 BTC (if it becomes an option)
One could potential get more out of a raffle over auction, look at a raffle at a fate, each ticket is worth $5, and its for $50 of meat for a BBQ, but the people running the raffle could end up with thousands. where as people will only bid on an item upto the cost they are willing to obtain the item, so the $50 of meat could only go for $75. I think Sidehack's way is better, it will come off by as less trying to exploit people and making a profit and more promoting his gear in a more gamble-y/fun way. He get to raise awareness and stimulate a few sales of Sticks instead of trying to turn up a big profit. I think thats pretty clever/long term vision oriented. |
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For altcoins yes! for btc is stupid as hell!!!
no even for altcoin it's not profitable, otherwise it mean that who is renting is losing a chance to make more profit yeah you can find some stupid like that, that didn't the math but they are not the standard If you rent a lot of hashrate at -10% of the average Bitcoin profitability, you would stand to gain 8~9%~ overall profit on your investment after fees. But you'd need to truly rent a ton of it and have a big BTC rollover to get through variance until you normalize. |
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Well sidehack and novak dropped the 1384 by 40%
I am exited to see what happens with a 1385 wenn it comes near the 0,1xx's
Bitmain ran the 1384 at it's max voltage in the S5, left a lot of room for undervolting it. They appear to be running the 1385 in the S7 at closer to it's mid-point on voltage. 0.20 on a 1385 might be possible, but I'd not bet it can do much better than that. I think someone did the math and it came down to 0.17 J/GHs, so it seem clear that a much better efficiency can be reached with the BM1385. It would be great to get some of them in Sidehack's hand, but that might take a while. It doesn't look like Bitmain is really inclined to sell those for now, so we'll be stuck with finding more indirect ways of getting that performance for now. |
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Hello again everyone! I just got my first bitcoin unit S5 up and running. I am trying to figure out what is the best pool to point my S5 at.. I am between nicehash and Slush's pool... Can someone recommend what is the best pool for me and how payouts work at each pool? In return I would be happy to point my S5 at your address for a little time if you can help me get up and running. I also learned if you lower the frequency the fan is not as loud  If you lower the frequency, you will lose hashrate and the fan won't go down. This information is erroneous. There is a very little difference in temp when you underclock. What you must do, like i already told you is put a box fan to blow air through the fins and lower the fan speed. For the fan as you were answered in the other thread, go to a pps pool or rented like f2p or nicehash. If you want the best payout % but don't need to be paid everyday, go to Kano. |
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Thanks you for this information! So what pool would you recommend that I start with?
If you don't mind unstable payout, then i recommend http://www.kano.is/index.php. I would dare say it has the best payouts but when you get paid is subject to luck and it take more time to hit your average. If not as suggested go for PPS pool or cloud rented hash. Something like Nicehash is very convenient but it does not pay well lately. Also with a cold temperature intake if its cold where you live, i do fan at 25% which give me 2520RPM (Somehow) and 48c(10c outdoor), 1.3TH/s @393.75hz @640Watts. Thanks for sharing! Well, I was told the S5 can make a easy $75 a month mining. Does this offer a monthly payout? I am in Arizona.. So its HOT about 110F.. So I need to move this out of my house.. too loud. Indeed, if you put a box fan underneath it pushing air through the fins you might be able to help with the temperature and run it at the speed you want. Anything under 60c is pretty good. Kano pay out after 100 confirms, that means you can get 3 payouts in one day, like no payouts for days. Hence why PPS was recommended. You'll get paid per share thus you will get a steady payout. |
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I think the global will continue to group causing the revenue to drop over time. If you look at Moore's law performance should double every 18 months at the cutting edge. We're just now getting close to that cutting edge (maybe another year or so and we'll be at the cutting edge) of a well developed chip running at between 14-20nm. This is still a lot of room to improve on the current chips without having to go all the way to the lowest nm chips out there. That being said even on Moore's law the network should be growing about 5% per month just on a technology basis. The next gen chips just came out from the major players so I wouldn't be surprised to see 600P in 6 months or about a 30% drop in revenue spread out over that time frame. This barring of course any large increase or decrease in BTC price.
That could make sense, but in the world of ASIC, cutting edge is usually trumped by cheap mass-produced. It's more profitable to make a lot of cheap ASIC running on 0.02$/kWh than making cutting edge ASIC which is several factor costlier than a few generation back and run it on anything available in the US (Not much cheaper than 0.05$/kWh anywhere, afaik) So i understand that technology advancement will continue, i do not think it will account for 5% per month of growth overall. |
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Thanks you for this information! So what pool would you recommend that I start with?
If you don't mind unstable payout, then i recommend http://www.kano.is/index.php. I would dare say it has the best payouts but when you get paid is subject to luck and it take more time to hit your average. If not as suggested go for PPS pool or cloud rented hash. Something like Nicehash is very convenient but it does not pay well lately. Also with a cold temperature intake if its cold where you live, i do fan at 25% which give me 2520RPM (Somehow) and 48c(10c outdoor), 1.3TH/s @393.75hz @640Watts. |
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I got a antminer S3 and i was tying to hook it up and i changed some settings to what a setup video said and now i can't access the browse gui
For starters, do you know the IP? What do you get exactly? Did you check on your router what the IP is or checked what IP to reach it at with the IP Network Scanner? |
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it surely has the bright future i believe that bitcoin community will grow a lot in the future and its price will be really high after a few years
you can't be sure on tomorrow but next year ? So, take the opportunity now if you can. Speculate BTC as much as you can and done..."few years" can mean never as well. Maybe BTC would do better if people stopped expecting or hoping BTC to be worth 10k in years. I'd be very happy if we reached 500$ in a few years and 1200$ in 10 years. For BTC investments, as long as BTC get a steady price raise, then you can make a very nice amount of money, so definitively, think small, think smart. |
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Have you got a system that collates the hashes/users/donation properly? do you want to see if I can get someone to make a little website that shows everyones details and calculates a final winning output per person? i think Con has a decent plain text output that could pull info off.
^ this would be awesome and you can use the ckpool pool api-like return data using a list of the miners here. Phil would just need some sort of access to add/remove miners as needed. For the shares, if you gave us 1PH we would definitively get a block at some point, and if nothing changed then you'd get nearly half for having 98%+ of the shares done. The other half would be shares evenly at 1 per person. 1/27 right now. You'd thus get in the vicinity of 28/54 shares. TLDR: Last a heard. Half of the reward is divided evenly, the other half is divided on the share count that is being counted at the moment. |
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