30 years ago my father came home from work and told me he was pulling out of stocks for a bit. The reason was that he overheard his secretary talking to some people in the typing pool about how they were all trading stocks and comparing specific stocks and positions. He said that if the typing pool people were investing in stocks (they being dumb as proverbial rocks) then it was somewhat overheated and time to get out. After the October 87 crash he mentioned that he was getting into stocks again as the typing pool people were no longer talking about their portfolios but how they were running screaming for the exits. I try to keep that in the back of my mind. While it is impossible to time the market, when you hear complete yabos going on about their portfolio it's a good time to either sell a bit or HODL. Edit: The person in that above video does sound like a cylon base-star. Just an endless stream of words.... C |
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That was helpful, now can someone update the wile e coyote gif going through 300,400,500,600,700...through 1700?
This is getting quite unbelievable.
Edit: Past 1700. 1800 is where it's triple the value I got a fair number at, at which point I start giggling...
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There's no "real" fee. Miners don't actually need fees yet - their revenues would be extremely high with the block reward anyway. Fees and rising prices are what's causing a spiralling and pointlessly high amount of miners.
Fees should only be necessary for miners to treat your transaction as priority, not for them to accept your transaction at all. That can change when the block reward decreases enough relative to the price, but right now fees are just a market.
Miners do need fees because of spam transactions. When fees were zero too many twinks were sending out spam transactions on the net that blew out mempool and hogged all the space. Thus miners don't take zero fee transactions these days and the transactions there rot on the chain. There should be a garbage collector running on those but there isn't. So when a dirt-ton of people want to do transactions, the highest fee wins. As for too many miners I agree but that will drop as the rewards get cut unless the price continues to be batty. |
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Honest answer, it depends. Try doubling the reward, see if it goes through. I know there are sites where you can ask miners to specifically include transactions, but they are probably clogged.
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BTC is getting ridiculously slow. Now I have 5 transactions unconfirmed, one of them for more than 20 hours. I have raised the fees to 200 satoshi and still nothing. According to https://bitcoinfees.21.co/ 200 satoshi should confirm pretty fast. What should be used for fees now? Litecoin. |
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THIS show why asic mining has become terrible. only a hand full of builders and in the case of bitmain they can flood a coin with hashing gear whenever they want to do it.
Well, any other manufacturers went out of business because people complained a lot and in some cases they sucked/overpromised/rushed to market/dealt with the big bitcoin spike. Such is life, likewise why would anyone want to get into the business when the threat of lawsuits is hung over everyone's heads? China is kind of out of reach of all that. Thus here we are. Moving forward, traditionally it was a lot harder to build a scrypt ASIC chip than a SHA one. That's why KNC Titans were such oddballs for so long; I still have no clue how they did it. But now that the secret has been cracked expect LTC to do what BTC did. |
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Does this firmware allow bbb and a neptune controller to run a Titan? I ask because I think I have a customer who claims he is doing just that due to his original Titan controller dieing. He purchased my firmware, he said it "installed fine" ... I have no idea if all of the features of my firmware work or not which I told him. LOL! Im very interested to see if my firmware upgrade works "out of the box" on this sorta set up...
I personally, have no way to test this scenario.
In a nutshell, yes. Not sure if you recompiled everything for the firmware upgrade, but I had to do a complete recompile of the code specifically for BBB, then put in a number of hacks and symbolic links in order to map the bbb SPI ports and devices to what a Pi expects (the code was written to run on Pi, incomplete for BBB). The result is a Neptune controller board with bbb to boot off SD card and fire up my code fixes so it can run a Titan. Technically it can recognize NE and JU type devices, but I didn't bother with hacking a universal one that would run neptune and titans on the same controller because it would have required 2 copies of bfgminer and is quite frankly insanely silly. Also the light is blue when it comes up so you know it is my code. C |
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If we were trading at a range of $130-$160, the movements wouldn't feel as intense. But now that BTC is way up here, the $100+ swings feel like a lot. We are going to have to get used to this!
Time to switch to mBTC. Get your cheap coins under $2! I love it. Only problem is bitcoin mining fees are too high compared to litecoin at that level. Which would be solved by segwit stuff but that won't happen due to reasons... |
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Are people concerned about a 1500 price? Good fucking lord, we are weird.
Personally I'm waiting for 1800 so I can kick myself for buying gold a year or two ago at 600 a coin. Sooooooo stooooopid.
C
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Mine has been running solid since the .img file was uploaded. I truncated the largest unformatted space on it. I ended up with about 4.2gb of space taken up on a sd card. I burnt it to the sd card using win32 disk manager and started the controller with cubes i knew worked in it and it hasn't failed me yet. I can do all the things i used to on the original. ssh in and bring up the miner screen ect ect.
Maybe try reflashing it to the sd card or even truncating the largest unformated space on the lightfoots original .img file again.
Also try just using one cube at a time. I say that because i have a cube or two that i plug in and it basically wrecks the whole system. Nothing posts at all however, if i unplug it from the controller or from the cube directly (the controller cable not the power) everything works fine again. (did you find a solution or cause to that lightfoot)
I will play with those after my vacation i didnt have chance to play with it longer. All my cubes run perfectly fine. I bought 8 saturns/jupiters to tinker with controllers so im not in hurry, those will be my backups or to split sets or i will just sell them. One thing I noticed a few days ago was that none of the pages were working. I was wondering what the hell was going on, then realized I forgot to turn on javascript on the page.... Everything worked fine. I think the process could theoretically hang, but the miners would keep mining and a simple reboot would fix it. So far though it's been dead solid reliable on the Neptune hardware. C |
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Meantime I fixed a couple of more miners, getting better at fixing the burned boards with one die working on them. Interesting.
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$1500. I just have to touch myself here for a bit....
So how do you get over the feeling that you were a fool to mine some coins at $100, then sell them at $600 for gold last year and now they would be worth $1500? Fortunately it was only a few, but still it blows my mind.
Likewise I keep having the urge to lower my prices for mining repair. Which I shouldn't because a bitcoin is still a bitcoin but.....
Ug.
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No, afraid I haven't seen those. Are they FPGA based miners by chance?
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This was a lousy weekend to sell 1k USD in bitcoin. *Sigh*.
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Hm. I wonder. Advanced page should bring up the various cubes unless something is stuck in the cube, try a cold reboot.
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I could, but would they be worth fixing? Titans still are, but Neppies are a bit power hungry for what they do.
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Ok. But those were slated to end users who had paid for them. I have no problem with Bitmain sending every satoshi to the users, but I guess the question is that owning a mining rig gives you more than simply a stream of coins, it gives you the ability to vote on the network.
An ability that has some sort of value. How do you compensate for that?
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How is LTC1BTC related to antmain?
They were the ones who ran up the difficulty with a lot of new systems recently. I doubt they built their own, or bought every KNC Titan on the planet at once to do this.
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Well I compressed it with 7zip so it is about as small as it will be. Seriously, I can't find an SD card smaller than 32gb here, if someone wants to send me a 4gb one I'll transcode it.
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Ah backroom deals. I still find it odd that a huge amount of hash popped on the network against it. Feels like manipulation or a big needs better firmware coincidence.
Or someone really wanted to see a guy eat a hat. How do you eat a hat, if I might ask?
That said, good to see they're going to try this. Should be interesting to see what happens, and if it turns out well I may be repairing Titans for awhile going forward....
C
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