At this rate, Monero will hit $50 sometime next year. What do you think... good for long term holding? Don't want people dumping the coins later.
IMHO... XMR has the strongest potential to be the next Bitcoin because of the "anonymity" features that are far more advanced than Bitcoin.... unlike ETH... this coin has become more complicated.... I still don't get what all the hype is regarding Monero (XMR). It's known to be run by botnets which is why it's never very profitable to mine. Too many infected computers mining using "free to them" electricity. Due to this reason I have felt that the recent pump and dumps are by the same shady ass black hat devs infecting the computers and profiting. Also makes sense why the dark net is now supporting it (same shady ass people or people of similar mindset). It also explains why they have a very cult-like following of strongest supporters. I'm not going to support that when there are so many other better crypto projects going on right now. I'll dump the little I have when it's high. Doesn't Dash also have anonymity features as well? My experience using the Monero wallet has also been shit and I've lost several XMR on transactions that apparently didn't go through using Cryptsy's wallet. These are all good points and while I now mine XMR ETH & BTC I am not sure on my hold strategy for the three coins. I am mining the 3 and holding btc at the moment. Which means I am converting XMR and ETH to BTC. This may change soon. |
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We are hanging in there with about 391 blocks left. a diff of 1.51% and price of 619 usd https://bitcoinwisdom.com/bitcoin/difficultyBitcoin Difficulty: 220,755,908,330 Estimated Next Difficulty: 224,093,050,085 (+1.51%)
Adjust time: After 391 Blocks, About 2.7 daysHashrate(?): 1,612,541,839 GH/s Block Generation Time(?): 1 block: 9.9 minutes 3 blocks: 29.6 minutes 6 blocks: 59.3 minutes Updated: |
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My set of four came in. All parts are there. I have not installed them but I will do so on monday. I have 4 dps 2500 psus --- I have some 2k boards I will install kits here. I have 2 dps 2000 psus this is with a 4k board I will install 1 kit here I have 1 dps 1600 psu ---------- this is with a 2k board but I will attach the dead psu and put a kit in here. I have 1 dps 2000 psu dead These plates are sturdy they will be strong. I will also use a bit of this  |
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Bitmainwarranty does say they will now take in boards.
After my experience I will buy from him.
As collecting on the warranty via China is hard to do.
I have my first replacement board due today it is on the truck due for delivery.
This was covered via warranty ,but the boards was only 10 hours old never over clocked.
The older board is not yet fixed and I may pay for repairs on it. I have yet to be contacted on the damage details on the board.
It is not so difficult sending them to China I opened Repair Ticket 2016-08-27 08:13:47 Shipped with EMS 27.08.2016 12:08 [ 2 hashboards , shipping costs about 85 euro] Delivery China, Hong Kong 01.09.2016 11:44 Repair Collect Send 05.09.2016 9:57 RepairOrder Payed Send 07.09.2016 4:40 RepairOrder Send Send 07.09.2016 12:07 This means that they are now shipped with UPS to my place Shenzhen, China 07/09/2016 16:23 Collection Scan EDIT.I got my hashboards back today. So 15 days - China versus 17 days - Colorado. This time the winner was China. I got even back today the replacements for this blade , which they refused to repair. But today I have still one broken 550M blade from last ordered miner , no visual injury and one 650M blade, that works with 11 x "X" at freq 650 but works fine at freq 550M Unfortunately, this 650M blade is almost out of the warranty. Shipped 2016-06-21 I do not even know , sent it for repairs or not. Tough call but if it shipped on the 21st you have 10 days to decide. if you wait 6 days and another board goes on you you can ship the two back to China and save on shipping. So I would wait for 6 days then decide.  My second board is on its way back to me. I was able to do it all with in the USA but they did die a week apart so two sets of shipping. 18 + 25 = 43 18 + 25 = 43 a total of 86 in usd. If I had shipped to China I would have spent 110 + 110 = 220 or 140 + 140 = 280 One is UPS price other is Fedex. so China is 220 to 280 due to two shippings vs USA 86 with 2 shippings. That is a big difference in shipping cost. I have yet to mount the first replacement board. I plan to do both at the same time which should be monday. |
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XMR is heating up a bit it is back up to $13.45
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Looks like the DDos attacks have turned around our luck. We have six in the kitty and our luck is getter greener all the time  |
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So true My second dead board is on its way to me. I will install both dead boards at the same time. Have to thank Yoshi of bitmainwarranty for the replacement service. my verdict on the gear is it is easier to break then any other chip. So plan for it. Also add 10% to the price you pay since the gear breaks so much easier then any of there older gear. Frankly they should charge more for the gear and give a better warranty. |
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I just finished it my self. Today. I will also,adjust two cabinet doors the next two days. So I think the kitchen will be fully finished by Monday. The 12th of sept which is about 87 days.
Congrats with new kitchen! Yeah it did come out really nice. Phil ... it will be nice if you could show us the final masterpiece. It may give us inspiration to do some house improvement project.  Yeah I suppose I could do some photos on Friday . I won't do four card case builds just not enough room. I damaged one four card mobo trying to do it. If there was a good case with room I would build on again. The reason for case builds are many of us can run gear in an It center and they want the gear in a case. So far my best builds have been case free riser free on the biostar z170 mobo. |
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I just finished it my self. Today. I will also,adjust two cabinet doors the next two days. So I think the kitchen will be fully finished by Monday. The 12th of sept which is about 87 days.
Congrats with new kitchen! Yeah it did come out really nice. |
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I can add a little bit to the list.
XMR is power efficient for the earnings to gpu watts (old gpus are now more profitable)
XMR algo is very inefficient for gpu hash rates ( 700 h/s vs ethash 29 mh/s for fast gpu)
XMR has a low coin supply, further adoption and need for privacy could cause a moon
I think we have for a while now been experiencing the hostile takeover of corporate mining outfits, that is Chinese miners and other low electric rate areas deploying massive gpu farms. We are in a downwards trend of diminishing profits and will continue to see this until that margin comes to the point that those outfit are just barely profitable. So unless new money..lots of new money can come into the market we will be slowly squeezed out. It's then time to decide what to do, sell the gpus or keep a rig around for the next boom.
Speaking of booms. If there are some coins with large market caps and lots of farms operating (at low margins), then if a boom happens those farms will just move hash around and there will not be much profit. We need a mining collapse to wipe out the farms, for them to sell everything and reset the total global gpus to a smallish amount. Then if a boom happens you can mine at high profit until the farms start building up again and repeat the process.
you're right.... overall temps have come down and GPUs dont heat up as much, as I can see fans turning not as hard. hope i can see a lower power bill next month. as for goliath vs home miners...... until we have GHs... its not realistic to mine with a few rigs, unless if we have a private pool where all the home miners in world team up to mine as one! However its small money (a few hundreds here and there) - its still good spending income. However dont make this your day job. one of my business partner, setup a 3.3 GHs ETH farm 25 x rigs, he started early, got lucky with ETH boom in end 2015 before the crowd came in - now he has ROI his investment - and used the same rigs to run Claymore XMR from Claymore ETH.... everything from this end onwards is profit (his power is cheap).... its all about timing and I can see that in XMR. Yeah I will mine xmr for a month or more holding the coins I will mine eth and sell to,btc " Maybe 20 gpus on eth and 8 gpus on xmr. I have too much shit going on real world .i spent a lot of money getting a new kitchen done. They ran over time wise I fired them at day 69. I thought it was fully done. But I discover some not to code wiring. I just finished it my self. Today. I will also,adjust two cabinet doors the next two days. So I think the kitchen will be fully finished by Monday. The 12th of sept which is about 87 days. |
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i want ask everyone suggestion that why hardware mining is not profitable  since the same hardware is using by the miner same electricity is provided then why profit is less in comparison of the earliar . Well monopoly seller Bitmaintech simply sells gear at the highest price the market will bear. Thus miners mostly buy very costly gear if they buy new. |
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Coinbase price is 629 we started the diff period at 575 this is a 9.39% price jump. http://nextdifficulty.com/Conservative: 2.4% 2.6% Continous: 3.3 % https://bitcoinwisdom.com/bitcoin/difficultyBitcoin Difficulty: 220,755,908,330 Estimated Next Difficulty: 223,960,204,513 (+1.45%)Adjust time: After 576 Blocks, About 3.9 days Hashrate(?): 1,565,416,793 GH/s Block Generation Time(?): 1 block: 9.8 minutes 3 blocks: 29.4 minutes 6 blocks: 58.7 minutes Updated: 8:15 (2.8 minutes ago) So low end is 1.45% high end is 3.3% With 9.39% price jump we are good at the moment. |
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+0.4 = generalt
Too late bro. |
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sure now I was NJ to Colorado to NJ no China shipping I sent it out via USPS.com priority on August 22nd the return info from colorado is here HOWELL, NJ, US 09/07/2016 3:43 P.M. Delivered Lakewood, NJ, United States 09/07/2016 4:54 A.M. Out For Delivery 09/07/2016 1:42 A.M. Arrival Scan Secaucus, NJ, United States 09/06/2016 11:42 P.M. Departure Scan 09/06/2016 8:56 A.M. Arrival Scan Commerce City, CO, United States 09/02/2016 12:27 A.M. Departure Scan Commerce City, CO, United States 09/01/2016 7:22 P.M. Origin Scan United States 08/31/2016 11:26 P.M. Order Processed: Ready for UPS I shipped usps. August 22 they got it August 24 so Aug 22 to Sept 7 |
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dead board sent in about 2 weeks back  replacement came today will post a photo of it sealed in static wrap |
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but I would like to ask kano and or ck to pm me in the future if there is a problem with something I am doing on the site. I in turn will do the same with them.
You weren't doing anything wrong. I had zero intention of getting involved and making a judgement call on fubly's work. However, you asked me to sign off on it which is when I spoke up about my concerns. I still think if you're happy with the product he generates then it makes no difference what I think, but if you want me to bless it, I cannot do that for the reasons I've outlined. Getting Kano to sign off on his work is likely 100x harder. The language barrier is not helping the discussion either, where fubly is asking fellow German to explain why he might be accused of dishonouring the license requirements of the GPL when Kano's concern there is fubly's previous project, and Kano would refuse to "forgive and forget" unless fubly goes back and releases all the hidden code and retracts claims of improved performance. Yes which is why I decided to not do escrow services. The older project is still in active violation status. That would not be the same as: forgive and forget since it is active. It is what I failed to understand about the issue. I did not realize it was active. Like I mention understanding code and code GPL rules is not my area of expertise. Once informed the prior problem was current and active I stopped my escrow service and refunded all involved. |
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I'm new to serious mining (I've tinkered with GPU mining on my GTX 1060 just for fun but I know it's not profitable) and I'm considering building a cheap rig with used GPUs. I have absolutely no clue what I should buy; should I buy a more expensive recent GPU or an older GPU that is really cheap, or somewhere in between? Are there specific models you look for when building your used rigs? What should I buy as a newb to serious mining?
I'm interested in mining ethereum or vertcoin since I've read they are profitable on GPUs. I don't want to spend too much on this but the rig needs to pay for itself within a year. Electricity here is about 10c per kwh (USD)
Another thing I'm concerned with is heat. It seems to be one of the factors that isn't mentioned too much. If the rig is putting out a ton of heat, it will raise the electricity usage from the AC. Where do you put your rigs to avoid this?
Thanks
I asked for this to be sent to alt coins. I think your gtx 1060 may be good enough to mine ETH here is a nvidia thread https://bitcointalk.org/index.php?topic=1464999.0 |
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If they want people to buy it they need to at least match or come close to ETH probability with respect to electricity for those with 7970/280x technology GPUs.
Needs to be 1000Watts->100MH/s ETH->$7/day and needs 4-6 months ROI period like GPUs.
However this will probably cost 50% more than an S9.
Well looks like the 7th was a false source. here is the deal it needs to be quiet gear . it needs to have lower watts per gh 0.08 would be good a clear improvement over any other gear. it needs to be 600 to 800 watt max a 640 watt 8th miner would be really good. they could charge 1500 and it would sell---- but at 1500 I need a better warranty then bitmaintech say six months. I will say this the avalon 6 had good support for dead gear issues if you were in the USA Yang from blockC was very good on dead gear issues. I hope to work with him again if the avalon 7 lists soon. for sales. |
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Here is my $ 50 donation to the other party. i.e. kano & ck so $100 was donated ½ to team kano/CK ½ to FUBLY I will not use the software on my s-9's but I would like to ask kano and or ck to pm me in the future if there is a problem with something I am doing on the site. I in turn will do the same with them.  |
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