What is the best way to overheat the miner to check if it will shut down at 80C?
Blocking or unplugging the fan in my mind, could be voiding a warranty. My test was to simply disconnect my internet - which is a real life occurrence (failed internet service). It might take a few minutes for the current information to finish its hashing and start beeping, but it will. Why would no internet connection cause it to overheat? Oops... I made an assumption, that the way my S5's and Opentoe's are working, that will do it. When there is no internet, there is no new information coming in to the miner to hash. What at least the 2 of us have seen, is when it's not hashing, it heats up. I would try that first, so that if you have any hardware failure from overheating, no internet access is a regular problem that should be planned for (the other options mentioned, are not normal operating conditions expected for the miners - just my opinion). My internet connection (3G) was down for two days. I did not know it at the time. The miner was running 20C cooler with no internet connection. They should run cooler with no internet because that will stop them from hashing. I wonder what makes some heat up when they're not doing any work? |
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I agree, but at the same time I don't see anything serious not to believe to...
Then you're not paying attention. |
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No I'm not. You two just don't know what you're talking about nor what effect dumping a shit tonne of coins on the exchanges has on the price. It's you who doesn't understand how simple supply and demand works because you wouldn't be saying this and it has absolutely nothing to do with the 'robustness' of the system. Bitcoin will continue working fine but the price you pay for them will be significantly less.
I didn't say it wouldn't have an effect, I said using words like "catastrophic" and "disastrous" are an exaggeration and FUD. |
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(Important thing is MINE NOW not count on FUTURE hardware as many number variations will change from Today's expectations)
Important for your bottom line, not so important for the end user (who would benefit from waiting for new technology or reduced pricing on existing tech or used equipment). |
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ROFL, if you believe that box is a real miner I've got a bridge to sell you. |
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Edit: two part question
How do I know which blade is which, I seem to have two S3+ each with an offline or maybe dead blade, for now I'd like to put them together.
So take the top off, ethernet port facing me, looking down on it. is it 1 than 2, left to right, or 2 to 1?
Thank You!
Run the miner, the dead blade will be the one that's not hot. |
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I don't get that mentality. Why would the price crash because satoshi is using his bitcoins?
He was the first miner and it's estimated he must have mined between half a million to one and a half million bitcoins. If he chose to dump them he could clear out all the buy orders on every exchange in an instant. Look at the damage the bear whale did by dumping a tiny fraction of the coins Satoshi mined. yeah, if he dumps ALL of his coins, that wouldn't be good. But if he sells 10 bitcoins, it really shouldn't be any different than you selling 10 bitcoins or me selling 10 bitcoins. If satoshi was going to spend any coins he would of by now. I think people would panic if he did spend even ten because spending the rest could be quite disastrous. Disastrous? How so? They were meant to be spent, spending them supports bitcoin. Satoshi didn't design this all and mean for people to not use millions of bitcoins. Yes, but that's irrelevant. It would be catastrophic if someone dumped that amount of coins on an exchange. Look what happens when people dump relatively small amounts in comparison. The price falls drastically. Its basic supply and demand. You're overreacting again. "Catastrophic", really? I think you underestimate the robustness of the system and how supply and demand work. FUD |
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I don't get that mentality. Why would the price crash because satoshi is using his bitcoins?
He was the first miner and it's estimated he must have mined between half a million to one and a half million bitcoins. If he chose to dump them he could clear out all the buy orders on every exchange in an instant. Look at the damage the bear whale did by dumping a tiny fraction of the coins Satoshi mined. yeah, if he dumps ALL of his coins, that wouldn't be good. But if he sells 10 bitcoins, it really shouldn't be any different than you selling 10 bitcoins or me selling 10 bitcoins. If satoshi was going to spend any coins he would of by now. I think people would panic if he did spend even ten because spending the rest could be quite disastrous. Disastrous? How so? They were meant to be spent, spending them supports bitcoin. Satoshi didn't design this all and mean for people to not use millions of bitcoins. |
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It's noble to think that he/they never intended those early coins to be used and they're in addresses that can never be accessed. But humans are greedy by nature, and I would be surprised if those coins went untouched for all time. Hopefully some day they can be put to use for the good of the network (maybe that was the intention all along)...
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Don't make me laugh. If you can earn $5 per month then consider yourself lucky  The time it would take you to even earn $5 a month would make your hourly wage so low, it's not worth it. Get a minimum wage paying job and work 1 hour a month and you'll make more money than clicking faucets. |
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Since the bitcoinprice decreased a lot last year I would like to destroy some bitcoins.
Destroying some bitcoins can have a serious positive impact on the price
If every human being could destroy 0.001 BTC we would half the amount of bitcoins in circulation, increasing the price of bitcoin in compare to other currencies.
But every satoshi could help a bit... This is the best way to support bitcoin
Derrrr, whaaaaaaaaaat? What a screwy idea, I don't think things work quite how you think they do. Rather than destroy btc, you can send it to me and I'll spend them. Using btc in day to day life is a much, much better way to support bitcoin than purposefully losing coins. |
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try to imagine yourself in November of 2011 and apply the same logic, considering that price was low, halving was coming, miners were unprofitable, bitcoin was in the downtrend. How did that situation predicted the next 24 mo with bitcoin going from $2 to $1160? It didn't. I am not saying that we will have the same spurt, just that it is not really predictable.
Mining technology was growing at an exponential rate at the end of 2011 and that had a huge factor on btc value and network difficulty. We do not have that same exponential technology growth this time around. I think the halving is going to see a lot of large farms shut down. Eventually, after another couple halvings, farm mining will be cost ineffective and home mining will hopefully be the top dog. I think, in the long run, home mining dominating the network is "more healthy" for bitcoin than all these large multi-petahash farms. |
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I think that it is safe to say, for all intents and purposes, that the chance of a collision happening is 0.
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Its not only the power. If you buy large quantities you can huge discounts compared to buying one or two units.
A company ordering $1,000,000 of miners might get 50% discount from an individual buying one or two miners. The company will get ROI much faster then the individuals.
And anyone ordering that many miners will have access to industrial grade power at affordable rates, so everything works in favor of "the big guy", leaving home miners in the dust scratching their lotto tickets. |
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I made 0.0086 btc today from signature and twitter campaigns, woo!
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In the very, very early days of Bitcoin mining and markets (i.e. early 2009), there was one miner called NewLibertyStandard who mined bitcoins and then sold them on his website via email. His prices dictated the market at the time and it was based solely on electricity costs: During 2009 my exchange rate was calculated by dividing $1.00 by the average amount of electricity required to run a computer with high CPU for a year, 1331.5 kWh, multiplied by the the average residential cost of electricity in the United States for the previous year, $0.1136, divided by 12 months divided by the number of bitcoins generated by my computer over the past 30 days. Because of the way mining works, if the reward exceeds the electricity cost, lots of people will jump in and the network difficulty should adjust itself so that mining becomes more difficult. If reward is lower than the electricity cost, lots of people will jump out and the network difficulty should adjust itself so that mining becomes less difficult. Therefore, the economics suggest that mining should be profitable, but only barely so. However, the reality today is that most miners do not make a profit - i.e. the above model does not explain why things are the way they are. Does anyone know the reasons for this? Now if I had to guess, it would be because many miners are not rational actors motivated solely by profit but are either mining for fun or as a hobby. With a large chunk of the hashrate being controlled by miners who don't care whether they are losing money, this messes up the equilibrium and turns mining into a generally unprofitable thing for everybody. The majority of the hash power is in the hands of a relative minority of miners, so the wealth is not evenly distributed. Since the network sets difficulty based on the total hash rate of all miners that's what we're left with. |
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Payment received, thank you.
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Payouts have just been sent  You should be receiving them shortly. Payment received, thank you. |
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Update my status to Jr. Member.
Say please, and update your signature (please). |
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