I am curious to know if anyone know if Mike Hern had any significant amount of mining equipment.
The sharp downturn in short term (504 blocks) seems to coinside with Hern announcing that he is no longer going to be associated with Bitcoin.
If not, then I wonder if the apparent decline on hashrate on the network has anything to do with Hern "leaving" Bitcoin
I think he picked a bad time to come out with it as well. To make his dead statement sound truthful scheduling around news of Cryptsy going belly up was smart on his part. As much as I hate it if you say bitcoin is dead, and can point to a exchange who lost millions in articles next to yours on new's sites.... it seems to give him more credit then it was worth. His statement made it sound like he was mainly into holding coins vs mining is what I got out of it. He mentioned selling all coins, nothing about machines. On a little brighter note we already are on a rebound. Hitting 390 on coinbase so compared to 224 hours ago... were at least doing a little better. |
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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. Btc cannot be reversed so it's gone forever if problem and other person does not send back. With paypal if you get shipped a dud miner you might get money back. No it's not guaranteed 100 percent but still far higher then if it was BTC. There is also seller protection but I'm unsure how much it helps. Reading it sounds pretty good I recently sold something to 0 feedback and decided to risk it so far a week later no issues. But granted it was not to high dollar of item or I would have canceled transaction. 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. Please mention when you cut someones comment in a 1/4. You will see I agreed I was unsure how much seller protection helps as stated. I'm not sure on slow payment. If you have a new account with certain things yes they hold money for a while as escrow. As long as you have a account that has been selling for a long time payment is not a issue, at least it has not been for me. I have sold a long time though but it's instant payment after they pay for auction on my account. It is normally on buyer's side I think that is true. When I sell I normally put a high price with buy-it-now and pick who I want to win from offers. That is most effective tool I have found as a seller to try to get good buyers. |
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I'm more inclined to "wait for 14/16nm full custom competition" than the halfing runup, as I suspect that will be happening sooner.
Bitfury is apparenty making noises like it might return to selling to end-users, not just BIG farms - or at least some of the BIG farm types might sell end-user gear.
I don't think Bitfury will sell to small customers. They have been pretty clear on actions they look for big sales. If a big farm bought a ton and resold them I think is best chance of general people getting 1 or 2 miners of it. You have to remember they said they were going to sell a mining light bulb to general public after some good articles showed it off.... I am yet to see those be sold. The problem I think with waiting till then is your getting closer and closer to having. What they showed was a pretty rough prototype. So they have it but time till market... hard to say. But I think mining now is important kinda a last grab at it before having. |
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or he had sold a ton of coins at 450 dropping price to 430. then made the announcement hoping coins would that a big drop so for every coin he sold at 450 he could get bargains at 350-360
Many forget coins were dirt cheap when he started. He may have 50,000 coins.
I earned 1 coin a day from august 2012 until dec 2012 about 125 coins. the whole network was about 20th
My house is mining 25th right now as I type!!
Unfortunately if that is true, it also shows how vulnerable Bitcoin still is, if a single individual can manipulate the market in that way? Rich will yeah from 2009 to 2012 more then 10 million coins were mined the first ½ ing was at the 10.5 million coin mark So lets say 10% are lost ( pure guess) That still makes 9 million coins all under 40 bucks in fact more like all under 1 dollar as the first big spike to 40 bucks was brief. So if you had 10000 coins at a buck and started selling them during the march -april 2013 runup to 240 even say sell 5000 at 240 that is 1,200,000 Keep 600,000 in cash. so you are at 5000 coins buy 600,000 at 120 each after the crash from 240 to 120 you are back to 10,000 in coins and 600,000 in cash. It is the month of June or July. 2013. So when coins go mad in Oct-Dec 2013. sell all 10,000 coins some at 500 some at 750 some at 1000 average of 750 x 10,000 = 7,500,000 all cash no coins. That is not a lot of correct guesses. I am sure quite a few players with older coins. That have held and maybe decided to get out of the game. We are very young industry. Lots can happen good or bad. No matter the industry though leaving a job, and coming out against what you were working on is not common. Most IT jobs if you left and said what you were working on is dead.... would be considered not so good. I think people like that are scum no matter what his goal was. Here is a interesting read -http://www.coindesk.com/bitcoin-branded-a-failure-as-media-erupts-over-mike-hearns-contentious-exit/ |
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I've installed bitcoin core a few months ago, and I'm 100% sure that I've never set any passphrase. Today I've got my first bitcoins, but when I've tried to send them it asked for a passphrase.
Is there some default passphrase that gets set when I install bitcoin core, or maybe I've been hacked? Anyone else had this problem?
You should know it. I'm hoping you did not set a passphrase and forget it. This is from Armory wallet but it I think is true with core aswesll: Your passphrase is the encryption key for your wallet, and thus you are in the same shoes as a potential attacker if you forget it — it will be nearly impossible to recover the wallet unless you can remember substantial portions of the passphrase. The more you can remember, the more likely you will be able to recover it. However, in nearly all cases, you will need to hire someone with knowledge of encryption and who has access to a lot of computing power. For reference, if you use a completely random 6-character passphrase for your wallet, and you cannot remember anything about it, it will take your computer up to 900 years to recover your wallet. However, if you remember most pieces of your password, an expert may be able to help you recover your wallet in a few days. - https://support.bitcoinarmory.com/kb/article/30-forgot-wallet-encryption-passphrase-passwordProblem is not in forgeting passphrase, problem is that I've never even set a passphrase to begin with but it's still asking me for one. I wasn't even able to put passphrase. When I installed bitcoin core and tried to set the paraphrase it asked me for the "old passphrase" in order to set the new one, but what do I enter in the "old passphrase" when I've never even set a passphrase before? There is not one by default, so the only possible explanation according to what you're saying is that when you installed Bitcoincore, it was installed atop an already existing wallet, so that when you loaded Bitcoincore, the wallet it had was already encrypted. That's probabbly it, I've had bitcoin core on my computer before so I've probabbly installed new instance on top of that wallet. Ergo, you set a passphrase and you forgot about it. I hope you can remember your passcode. OP did you already send all the BTC to the wallet? I'm hoping you tested it and did not did not see that part off story. When doing a wallet you really do have to give it full attention. If you don't know something it's better to ask before. Also there are a lot of good wallet options with great instructions so if someone is new I suggest reading some of those. |
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I would recommend an Antminer S7 (it's at $966.42 on their website) https://www.bitmaintech.com/productDetail.htm?pid=000201511170341298180m44675v0613For instance it's their latest product so assuming everything works better than the other products, plus it's good enough since with it's hash rate you would get good enough long term profit and remember to mine in a pool and don't do the solo mining (lottery mining) as you won't be hitting any block soon but go for a pool so you would get a reward for the contribution your miner does to the pool. THat does not include PSU though. Add that ontop and your easily over 1000 dollars, and that does not include shipping. So he mentioned under 1k... so unless he ends up going up I don't see it working for him. BTC did just drop some so buying with FIAT looks very interesting. I love mining and will still be doing it. But I think now some have a chance at a quick profit buying and selling BTC short term. Some that bought at lows last night already are in profit. |
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We are in talks with them.
Let us know what you find out please Is he talking about bitfury or innosilicon?  BitFury. One day this industry will get by without NDAs. Bitfury has been screaming to the world about their chips so we already know their specs, and the technical information can in large parts be reverse engineered the second any OEM boards are shipped. The prices and sales conditions are something that funamendally should never be NDAed and its a sign of bad things. There's no good tweeting you want 2MB blocks when you're simultaneously keeping people quiet. [For the record I was asked to sign an invalid NDA with Spondoolies, a gentleman's NDA with Bitmain, and nothing with any other company.] But then you don't design and sell machines, so why would most companies require an NDA for you? In short it depends on the information being shared.. Spondoolies so they could share why their SP3X chips were under-performing in the first batch and Bitmain so that they know if confidential information or designs were leaked to other companies they'd be covered against anyone who could leak it (I wrote most of it). Everyone else I work with operates/ed under the honor system. NDA's are scary as heck in this field. If you are buying bulk gear or a new gear like this them having a NDA is pretty common before public release. I love eric@haobtc's thread with pictures and sharing everything he has made me a fan. But I'm honestly surprised he was able to say he was in talks I would have guessed he was under a huge NDA. Ultimately companies do not want someone to leak info an competition know gear in advance to be able to develop plans knowing so much. They would rather drop a new item to market and competition be scrambling. |
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Will hit the market in March
That's a lot of sleeps away for industrial pricing, quite a gamble for the OEMs. It does look still very much in prototype phase. That video was not showing a very clean board it looked like hacked together and it does work. It is interesting I figured they already had a working full miner. I'm a little scared if they don't have a miner yet with all the added difficulty we have been having. |
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that a difference at all between batch and batch 8 9 do not see it, it is only a matter of interest $$$$$
Now suppose that I buy batch 9, who tells me that I do not send batch8?
at the end there is no difference, are equal, they could take directly batch8 and make it unique batch 9, and start with shipments, so lie ahead for a future batch of 10, provided there.
The difference is batch 8 is in next 5 day's shipped should be a guarantee. So you know it's going to be soon. Some have been lucky and reported batch 9 already, but obviously not all got that lucky. If you were the worst of lucky I think they have till Feb 5 till it's truly late. So could be some time if they used all of it.... if they do no one could say. If they wait until Feb 5th I'll be seriously pissed. Technically the website does say that but we all know that batch 8 and 9 are the exact same machines so if they have them to ship now for batch 8 then they should have them to ship immediately for batch 9 on the 20th. I fully expect to see shipping notification by the 21st or the 22nd at the latest since I bought mine around the 5th so would expect to be close to the front end of the batch 9 shipping queue. "soon" for lack of better term batch 8 will go away and they will be focused on batch 9. The thing we don't know is how many are sold and how fast they can produce them. Without knowing that it's hard to say when it would be. Feb 5th is a while aways so I hope they get them all done before then. But it is not a guarantee. I don't think we really can even speculate just not enough known variables. The good thing is some say they have batch 9 already, so that is a possible good indicator. |
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What a difference a Week makes... From a solid +9%, (170 Black days) and I would have said that the rate going out of the period was higher than that. Now just had a -15% (122 Block Day)
Do people think the lower hash rate is at this stage related to the Exchange rate drop, or was the hash Rate down before that happened?
Rich
Both not or at least that is my my guess. Oh we picked up today 110 blocks in the time for 108 which is under 2% So far we are really doing well. for the first 3 days. Yes funny how the first couple of days often look to be well down and then pick up? Looks like we will be close to par for Today? However still well done at -6.7% for the period so far. Rich Btc value is also doing a little rebound from the top 350ish to 386. I'm just hoping we can get back to 400 sell wall again. I really like seeing that sell wall mentally. So really feeling better it could have been a lot worse. I think the cryptsy news added with the Mike Hearn story.... I think he could have been a little less public almost seems like he wanted to hurt Bitcoin. Also Cryptsy was attacked in July ( http://www.coindesk.com/cryptsy-bankruptcy-millions-bitcoin-stolen/ ). If people have not learned yet do not keep your coins on a exchange it is a bad idea for most. Yes I think he set out to hurt Bitcoin... Good to see a little bounce, and I did buy some at what I hope was close to the bottom?  Rich I think you can think Mike Hearn for a lot of that profit. I'm hoping we go back up and he fades into background. I just hope he keeps quiet saying things like bitcoin is dead is a great headline, even if not true. It is a little scary he want's to hurt Bitcoin it seems. I'm a little afraid of future remarks getting picked up in news articles and have same effect. |
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What about altcoins? Are they just as inneffective?
Altcoins are hard to speculate. There are so many crap coins that they change the name and logo at this point it's crazy. A common term is pump/dump. They will release a new coin try to pump it... and it get's dumped. The ones who were still holding now have coins that are not worth much compared to start. Also asics rule scrypt algo to. Some miners are not public like SFards has at least 2 batches of their LTC miner and maybe 20-30 made it to public. Almost all were used internally to mine. Second batch not sure if was internal or big buyer... no one knows. But the ones that are GPU just by time you include electricity the chances of ROIing on a GPU are very very slim. So I would stay away from a lot of altcoin moving for he most part. |
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...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..
700W = 16.8Kw a day Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining. with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4 it's a race war between efficiency and diff, at this point only trading with your hash will save you With the current difficulty, S7 is making profit, so is s5. You can't make blanket statements like this there are far to many variables to be able to actually say this. Look at electricity price it could make and break your comment. There is a point where only S7 would be profitable and S5 would not be if high electricity. Some with high electricity can buy mine for a little bit then try to sell for a ROI. It is kinda like gambling but there are some that still do it. |
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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. Btc cannot be reversed so it's gone forever if problem and other person does not send back. With paypal if you get shipped a dud miner you might get money back. No it's not guaranteed 100 percent but still far higher then if it was BTC. There is also seller protection but I'm unsure how much it helps. Reading it sounds pretty good I recently sold something to 0 feedback and decided to risk it so far a week later no issues. But granted it was not to high dollar of item or I would have canceled transaction. |
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If you think running a virus in a vanilla virtual machine makes your host more secure, you are wrong.
It at least is a step twords it. Is it true some have been able to jump to host... yes. But it's better security then running directly on host if you think it is infected (and truth be told if you suspect it is infected I would use a machine you can blow away after). Mining with drivers and passing through is not always greatest with virtualbox. I still want to know what kind of mining OP means. Mining cpu/gpu is a waste of time. But if mining usb sticks he might look at a RPI. I have become to love RPI for mining on stick miners at this point. |
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What a difference a Week makes... From a solid +9%, (170 Black days) and I would have said that the rate going out of the period was higher than that. Now just had a -15% (122 Block Day)
Do people think the lower hash rate is at this stage related to the Exchange rate drop, or was the hash Rate down before that happened?
Rich
Both not or at least that is my my guess. Oh we picked up today 110 blocks in the time for 108 which is under 2% So far we are really doing well. for the first 3 days. Yes funny how the first couple of days often look to be well down and then pick up? Looks like we will be close to par for Today? However still well done at -6.7% for the period so far. Rich Btc value is also doing a little rebound from the top 350ish to 386. I'm just hoping we can get back to 400 sell wall again. I really like seeing that sell wall mentally. So really feeling better it could have been a lot worse. I think the cryptsy news added with the Mike Hearn story.... I think he could have been a little less public almost seems like he wanted to hurt Bitcoin. Also Cryptsy was attacked in July ( http://www.coindesk.com/cryptsy-bankruptcy-millions-bitcoin-stolen/ ). If people have not learned yet do not keep your coins on a exchange it is a bad idea for most. |
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that a difference at all between batch and batch 8 9 do not see it, it is only a matter of interest $$$$$
Now suppose that I buy batch 9, who tells me that I do not send batch8?
at the end there is no difference, are equal, they could take directly batch8 and make it unique batch 9, and start with shipments, so lie ahead for a future batch of 10, provided there.
The difference is batch 8 is in next 5 day's shipped should be a guarantee. So you know it's going to be soon. Some have been lucky and reported batch 9 already, but obviously not all got that lucky. If you were the worst of lucky I think they have till Feb 5 till it's truly late. So could be some time if they used all of it.... if they do no one could say. |
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I've installed bitcoin core a few months ago, and I'm 100% sure that I've never set any passphrase. Today I've got my first bitcoins, but when I've tried to send them it asked for a passphrase.
Is there some default passphrase that gets set when I install bitcoin core, or maybe I've been hacked? Anyone else had this problem?
You should know it. I'm hoping you did not set a passphrase and forget it. This is from Armory wallet but it I think is true with core aswesll: Your passphrase is the encryption key for your wallet, and thus you are in the same shoes as a potential attacker if you forget it — it will be nearly impossible to recover the wallet unless you can remember substantial portions of the passphrase. The more you can remember, the more likely you will be able to recover it. However, in nearly all cases, you will need to hire someone with knowledge of encryption and who has access to a lot of computing power. For reference, if you use a completely random 6-character passphrase for your wallet, and you cannot remember anything about it, it will take your computer up to 900 years to recover your wallet. However, if you remember most pieces of your password, an expert may be able to help you recover your wallet in a few days. - https://support.bitcoinarmory.com/kb/article/30-forgot-wallet-encryption-passphrase-password |
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~
The funds are for a dog rescue place in spain.
~
since it is doge related, i think you should try DogeCoin communities too. off the top of my mind i can name reddit.com/r/Dogecoin if you are a legit place you can make a post on reddit with all the information and some pictures and you might have some luck. It's not a bad idea but it still goes back to need more concrete proof. I'm not sure what official document Spain uses. But posting official document showing it is a true charity will help. But I still think so many scammers it's hard to get donations even for good causes. Just is easy to post a picture even possible fake proof. It really takes a person well trusted to track it all down and vouch. Even after though not sure how much donations you can count on. |
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surely we will see our batch 9 February  It is interesting time with batches. We are now between 5 day's withing batch 8 shipping, and batch 9's official start. So we should see batch 8 go away in next week or so. It is a around 85 dollar difference between batches with lowered BTC, so still predict at this point most go with batch 9 at this point. The thing I wonder is if they will go back to fixed usd price temporary. If paying in BTC you had it's same price. But if you bought BTC today and bought a S7 from fiat converted it's a decent amount cheaper. |
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Nope, this topic is not related to forum discussion so meta is not a good place to move.
Don't wanna make this another discussion about moderation(as meta is the only place for it), so please edit this post of yours for any answers that you are going to add. It is a forum related discussion 1) Its about reporting spammers 2) Its questioning forum rules 3) It is not targeting specific individuals rather a group of people who may be/are doing the same. Edit: As to my previous statement that it is not spam, it does seem he(first one) copies the same phrase over in his posts. That might be debatable as to if it is spam(copied content) or not I would agree normally I would not consider it spam. But for the first one to have so many 5-6 word post's all asking for vouch... it's pretty close to spam. Add to that with signature you are held to higher standard, and it does not look great. I don't think it is a big section of spammers in this category, but that first account is very close. Guess will be up to a mod on it. |
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