All s7 is online now, your guys can check its status both on our monitor system or your pools
all 20 unit i receive can only hash around 4.66T as expected, no lucky for 4.86...
How much power do you use ? .25 x 4.66 = 1165 watts I ask because you offered 65 usd worth of power. Will the daily fee be based on 1165 watts or 1200 watts. At 1165 watts 24 hours = 27.96 kwatts At 1200 watts 24 hours = 28.80 kwatts Granted it is only about 1 kwatt a day but for 30 days it is 30 kwatts. At 10 cents that is 3 usd a month. So will the monthly fee drop 3 usd? or 2 usd? the power consumption is 1210 watt, even the hashrate is only 4.66T  so the host fee will be 1.21*24*0.1=2.904$ each s7 each day This 1210 watts, is it something you measured compared to both S7 yourself? Basically what is the efficiency of your PSU? If you did not measure the power consumption of a proper unit and then compared it to that unit, it might only be the efficiency of your PSU that is low and is making it look like the lesser S7 at lower clock has worse efficiency than a proper unit. |
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Don't forget that Power Consumption is also dependant on the PSU efficiency. His efficiency would only need to be slightly less good than Bitmains assumed 93% to give that slightly higher reading.
Rich
I have just noticed that two batches of the antminer s7 have been released at the same time with the sipping dates being the same.
I also noticed that the price of the s7 has decreased to 7.01 btc compared with the previous 9 btc. Is there a reason for this Ģ300 decrease?
There's not a whole lot of speculation to do about something we already know. With people that already have a S7, we can tell that many units have issues running at 600hz. Some other do fine at 575hz and some other even have problem doing 550hz. So yes we're looking at something similar. So they just split the batch into their performance, i'm guessing they're keeping the sub 575hz, which that would be speculation. In short, If you want to know, read the S7 thread. One thing interesting is bitmain showed S7 batch 2 (slow ones) running at 1160 watts (a lower watts then the batch 3). But if you look at pcfli's selling of them with hosting he is reporting the slower one's are no better on electricity - https://bitcointalk.org/index.php?topic=934581.msg12603285#msg12603285So that would be interesting if power used is same between batch 2 and 3. There is something to speculate on  . If they will have it truly lower in batch 2 on watts used. The way he talk about it, its like he get the same power consumption on both miner as if the efficient is lower on the lesser batch. I guess it would be good to go and ask him the efficiency of his PSU to be sure. |
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10 to 20 BTC been good to be a long-term investment 20 years
10 BTC is around ~2400 USD which normally in U.S you can earn within a month (maybe more or maybe less) But if you think to retier with just a couple of thousands of dollars then i think that you are completely wrong. I think maybe 10k BTC would be enough to retire but that cost a fortune (millions of dollars) Wow you really have done the math right?! So in your opinion Bitcoin's price will be stagnant for the next 20 years?! If that is your prediction then buying 10k BTC makes no sense neither if price(value) won't rise. If the price don't rise, it would mean the price actually went down, because if it stays at 240 USD for 20 years, 240USD then will be worth less than now because of inflation. If BTC stays at 240$ forever, i'd be more inclined to think it would die as supply go down and price does not go up. |
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I have been using for a few weeks trading bitcoins to ethereum.
Especially in poloniex as the volume was enormous.
The volume was over 1 thousand bitcoin, and the trades were really dynamically.
Did you manage to margin trade or something? I haven't had much luck with Eth. I mine it so i'm okay and the profitability is still good but for flipping it, the scene was not very good for me. Maybe someone more experienced could do better, but with the price crashing at the moment, i just feel like dumping what i mine instead of holding like i did for a while. |
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Well there shouldn't be that many miner breaking down and needing to be replaced, but if so then yes. They need to be able to fulfill their warranty anyways, and having miners offline on shelves waiting to be used as replacement for buyers isint really good because its wasted value.
So they should mine with them. People would get used part replacement but then you're sure they're working right.
From what i understand right now, Bitmain have you ship back your miner and they try to fix it, then ship it back, sometime they mess up and forget parts and do not fix it. Overall its a pretty abysmal quality of service.
The problem with this is people who have had bad luck on their returns stick out and get much more attention. As humans less people go on forums and say thanks for X RMA. But if problem very good chance it goes to board. I have had good experience's with bitmain. I was out of warranty period on S3 needed a controller that was not brick I paid them for it and they shipped it quickly to me. Now the C1 was syscooling but yes I had horrible experience there. And I'm not a suck up on bitmain. But i think they are getting a bad wrap. No doubt some of the stories we hear they deserve it. But the stories we don't hear and the machines that keep working they don't get the credit for those. I'm sure this is not what people want to hear or know. If anything they are getting more tightened on warranty. Look at S5+ they shipped with every unit and sent paper - https://bitmain.zendesk.com/hc/en-us/articles/206312085-New-S5-Hong-Kong-China-Warranty- . Basically if you want to modify it and do not get permission you broke warranty. If you use 2 instead of 3 PCIe you break warranty. The list goes on. But I think they will get more tightened if current continues, and not go the way of more day's and better RMA. Well i hope so, but i can't see RMA/customer service being proper for returns when the only way to get it replaced if its broken is usually sending the part back if under warranty, which may cost as much as just buying a replacement part? Hence its not really a warranty if you need to pay for it? And yeah i guess i shouldn't place my opinion based on what i hear, but i think the aforementioned issue is objectively based. My S3 was out of warranty they did me a favor of selling me one. If it was in warranty I would have shipped back and got new one through RMA process. Sending back the part would have been cheaper then what I paid. I think it was like 35-40 dollars. So if in warranty you could have shipped controller in for less then that. But if the problem is a blade or two and you need to ship back the whole thing? Might be okay for a 1700$ miner, but for a 100$ miner? Not so much imo. Or a 250$ S5 might still not be worth the 100$ shipping. Then again probably none of these miners are still under warranty, but still, what if its a small U3? Shipping back is probably the same as buying a new one. |
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Its "cool" but not very profitable. I bought a 4tb HDD for gaming and i checked the profitability, is very bleh. It really does not compare to just buying proper hardware. I'm guessing the coin isint too used since its been around for quite a while and its almost unheard of.
Yeah I donīt realy do it for the profitability... I just want to see where this coin will go because of its concept... also my PC is on 24/7 anyways so it doesnt realy matter if my external HDD jumps on from time to time then goes back to sleep...  If you're leaving your PC on 24/7, then that would be a possibility to earn more Burst. A 3.5 external HDD would be more reliable and faster than a 2.5 laptop HDD. Still, if you're curious about knowing how much Burst you would mine, I suggest you visit this page: http://burstcoin.biz/calculator Have fun! 2$ per month for my 300$ HDD. Not a very good investment. Also i didn't check what the proof of capacity actually do, but if it put any use on the HDD, its really not worth the 24$ at current rate over one year. |
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I'd offer $250 CAD I'd offer $260 CAD ) $280 ! muahahaha... $240CAD inc shipping here. Maybe the thread should be locked haha. Unless cryptolance has more to sell, in which case i would be thrilled to buy more. I'm a bit surprised OP let it go so easily after being done with his dev work on his mining monitoring software. |
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Sounds like the ongoing malleability attack rather than an issue with too many clicks on a button.
The TX IDs are different. Use the "repair" function of MB to get the wallet back to normal once one of the transactions is confirmed.
Well the second transaction was done after the original/legit transaction. It will never confirm, while the original one confirmed before i had the time to post this. Its still working as normal. You mean it would remove the bad transaction from the list? Its not set in stone that the first will always confirm, its possible that the 2nd confirms... anyway. Yes, it should remove the conflicting transaction without confirmation from your wallet and show the correct balance. Like i said and as you can see on the picture and info i posted, the transaction was instantly rejected, it was completely invalid, the balance was not spent twice and there was nothing to confirm. I'm just posting because the dev might want to know that the software can send a duplicate transaction under certain circumstance. It is a harmless bug but a bug nontheless. Dont Worry you wont lose your coins twice as this transaction will not confirm!!
Just Chill !!
Dont worry, i didn't lose any balance or fear anything. Like i said the transaction was instantly rejected by the node. You can see that by reading the first post. So you don't need to worry about me worrying. Just Chill !!  |
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With that money (or any paper) I would have a airtight something around it. That person with money would have one sad day if that glass bottle breaks under pressure. Depending on how deep keep in mind pressure from above could crush/crack. For example I'm on a farm if some of the equipment went over that it would be so much pounds it would push into group and pretty much guarenteed to crack or crush the glass. Unless burred very deep. I will say I'm not a fan of burying it. Just to much can go wrong and I don't like that it would be ouside with no alarm, or security to stop someone else from digging it up. Dig under your house then! Hah! I just mean, you should have a backup plan in case your house burn down. If its buried somewhere relatively safe, then you have a back up, just in case. If its encrypted, it should be fine even if its dug up. Regardless of if you do it old school bury it style or in a USB key in a safety deposit box in a bank, you should encrypt it regardless. Even with simple password it would be very hard to figure out what it is and how to decrypt it. |
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I hope no one is actually doing this. Quitting your job and focusing sole time on Bitcoin, is probably a bad idea. It is basically becoming a full time gambler. You always have to have a back up plan, my backup plan is Bitcoin, my main squeeze is my job.
Why? I'm doing fine, if BTC dies, then its the same as losing your crappy job at the supermarket. And there's no gambling, whether the BTC price is 100$ or 200$ or 500$, i'm fine. You just need an emergency cushion, which i have. Its just a source of income, and somewhat of a job. Its like anything else, why is it a bad idea? How are you earning coins as income with no income? Are you trading, or investing or what? And it is like gambling if you are doing that, because you always have a chance to lose, so how is it not gambling? It isn't like everything else, it is just gambling. I'm not gambling, i'm mining and then also doing microjob-ish that by itself earn me enough money to pay the rent and eat. I don't see much being uncertain about this. Where is the gambling in that? BTC price dropping? Well its not very different from the recession here. We went from 1CAD being 1.05USD to 1CAD being 0.75USD. Which is an advantage of sort right now since not all prices here raised by 30%+ but with the BTC -> CAD conversion, it went up 30% as well. |
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Don't take so much these answers by heart. I think there is a lot of trolling in many of these user's answers. This thread is not to take seriously at all in my opinion when evaluating current Bitcoin holdings by users.
I even think that some people are having fun by just writing random numbers and random crap now and then!
There's obviously no way of knowing, but I gotta say I wouldn't be surprised if most people are being truthful or even bigging up their modest stash. Well you still need to be careful. For instance from the domain of public information available to anyone, i can tell you have 0.43226892 BTC stored online in your Bit-x BTC1 wallet address. And then in a typical transaction, you can explore linked transactions to an address and see that in total, the user has sent for example 100BTC over time to an address that has never seen any withdraws. So you can tell its probably in cold storage. With enough digging and with social engineering, its totally possible to go after someone starting with public information, so again; you still need to be careful. But that is still not definite proof. How do you know that an outward transaction from 1 address is not going to a 3rd party, or it is going to his own alternate address? You have no way of knowing. Yes addresses can be interlinked, but so what? Even if the identity is interlinked to 1 address, you cannot find the identity of all addresses, so this info is not very useful. I`m more worried if you hold bitcoin in an online wallet like coinbase, where you got all bitcoins directly labeled to your identity, and everybody elses who uses it so that can be bad for privacy. Also, who the hell would have time for doing analysis like that? I sure would not! But yes, everything is possible. Maybe people that decided to post in this thread don't have too many coins. After all, there is more than half a million registered users on this forum, this thread is only a little part of this half a million. Because the 3rd party wouldn't leave the money sitting in a hot wallet. For example if you buy something using bitcoin payment online, the funds is immediately moved to somewhere else. Look at Bitmain. @MickeyB Well some of us have quite a bit of free time, we did it with Bitmain to see how many BTC was put in their wallet in the last X day at the time to do new bitcoin#/price of S5+ and then S7 to guess how many S5+ and S7 was bought and shipped, more or less to guess the possible impact on the difficulty. xD |
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I hope no one is actually doing this. Quitting your job and focusing sole time on Bitcoin, is probably a bad idea. It is basically becoming a full time gambler. You always have to have a back up plan, my backup plan is Bitcoin, my main squeeze is my job.
Why? I'm doing fine, if BTC dies, then its the same as losing your crappy job at the supermarket. And there's no gambling, whether the BTC price is 100$ or 200$ or 500$, i'm fine. You just need an emergency cushion, which i have. Its just a source of income, and somewhat of a job. Its like anything else, why is it a bad idea? |
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I have just noticed that two batches of the antminer s7 have been released at the same time with the sipping dates being the same.
I also noticed that the price of the s7 has decreased to 7.01 btc compared with the previous 9 btc. Is there a reason for this Ģ300 decrease?
There's not a whole lot of speculation to do about something we already know. With people that already have a S7, we can tell that many units have issues running at 600hz. Some other do fine at 575hz and some other even have problem doing 550hz. So yes we're looking at something similar. So they just split the batch into their performance, i'm guessing they're keeping the sub 575hz, which that would be speculation. In short, If you want to know, read the S7 thread. |
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If the dream were anywhere near real that BTC will accumulate usage over 20 years and with only 21 million vs billions of people, the answer is plainly 1 BTC would be fine for retirement. As always currency is not the answer but your own productivity and ability to buy working assets to reduce costs like a house then in retirement you have very low costs to meet
You think so? How much do you think BTC would be worth in 20 years? Because for 1 BTC to be enough, it would have to be worth what, 500k-1.5m to live with a full wage for the rest of your life? And at that value, the market cap of BTC would have to be 20 Trillions dollars, or worth more than any one country in the world. Such a revolution could be possible if BTC took over the global economic scene, all currency exchanges, everything. I just don't see it happening... without the world as we know it end. |
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I suggest using AntMiner S5 with the price of $370, but currently Discontinued Shipping if not available in your country then I suggest to go to this site https://www.bitmaintech.com/product.htm to see what miner is still available, but you know other sites that has available miner then stick to your trusted one. Happy Mining Thats too expensive now, try to buy them for under 300$, especially if they're not local as you will have to pay shipping and maybe border fees.
I just don't see how you can not roi in four years with free electricity.
If the miner dies before it achieves RoI. Well we're talking about mining in general, if i think about my situation, i very much doubt my 6 gpu and my 10 outdated miners will all break. If half break, i'll still ROI. But i guess it could happen. The only way i see it happen unless you're actually the most unlucky guy on the planet is some catastrophe befalling your place. Like a fire or a mega surge after a lightning strike. In which case i believe the surge protector guarantee might cover it(?) and in case of a fire or such sinistre, there's insurance for that. But i guess its not 100% guaranteed. |
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What is the reason, why you so slow USB sticks used? you make a time jump into the year 2013/2014    my englisch is not the best, but i will try to follow your easy englich word and sentences  Why? Those sticks are pretty fast for sticks. We're all aware they're basically toys to have fun with, not a full blown mining investment. Some of us are also doing it to support Sidehack as his future projects are of interest to many of us and let him get some experience points with building us some ASICs. |
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Well there shouldn't be that many miner breaking down and needing to be replaced, but if so then yes. They need to be able to fulfill their warranty anyways, and having miners offline on shelves waiting to be used as replacement for buyers isint really good because its wasted value.
So they should mine with them. People would get used part replacement but then you're sure they're working right.
From what i understand right now, Bitmain have you ship back your miner and they try to fix it, then ship it back, sometime they mess up and forget parts and do not fix it. Overall its a pretty abysmal quality of service.
The problem with this is people who have had bad luck on their returns stick out and get much more attention. As humans less people go on forums and say thanks for X RMA. But if problem very good chance it goes to board. I have had good experience's with bitmain. I was out of warranty period on S3 needed a controller that was not brick I paid them for it and they shipped it quickly to me. Now the C1 was syscooling but yes I had horrible experience there. And I'm not a suck up on bitmain. But i think they are getting a bad wrap. No doubt some of the stories we hear they deserve it. But the stories we don't hear and the machines that keep working they don't get the credit for those. I'm sure this is not what people want to hear or know. If anything they are getting more tightened on warranty. Look at S5+ they shipped with every unit and sent paper - https://bitmain.zendesk.com/hc/en-us/articles/206312085-New-S5-Hong-Kong-China-Warranty- . Basically if you want to modify it and do not get permission you broke warranty. If you use 2 instead of 3 PCIe you break warranty. The list goes on. But I think they will get more tightened if current continues, and not go the way of more day's and better RMA. Well i hope so, but i can't see RMA/customer service being proper for returns when the only way to get it replaced if its broken is usually sending the part back if under warranty, which may cost as much as just buying a replacement part? Hence its not really a warranty if you need to pay for it? And yeah i guess i shouldn't place my opinion based on what i hear, but i think the aforementioned issue is objectively based. |
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300 watts / TH per that web site original poster listed - so a little but not a LOT worse than the S7.
I crunched the numbers though, and not looking like this Avalon 6 (IF it actually exists and IF the specs and price are correct, between original poster and that Chinese website) will RoI ever even at 3 cent/KWH electric, unless Bitcoin price sees a substantial jump or diff increases flatline REAL soon.
I'm guessing it will really depend on the price tag on the unit. By the time they release it, since they are taking too long to do so, i don't think they will be able to price it at much more than 1 BTC/TH/s. Well when i say that, i'm thinking about the cheap thermal dissipation design. Albeit better in the new S7 form factor.
The software being rickety at best and important feature are left out on purpose. For example, they removed Volt control on S4 in later firmware while its possible to hack it back in and it work just fine.
The software is ultimately low end, not very good. Compare it to the SP20.
The noise is bad, compare to Avalon 4.1, although with the fan control and low ambient temp, its not that bad, just not excellent.
The plugs are on top of the miner, so its harder to stack, if all the inputs were behind, they would be more manageable. Again this is worse with the S5 and i'm not sure with the S7, but still. Compare it to the other mentioned miners.
Going into it though you know what your getting. Bitmain has kept pretty much same software for all of miners, they are very similar. So it's not a surprise on software side. Also you don't want inputs on back as this is where hot exhust is. So putting say power cables in the hot exhust is just not good planning. I agree avalon 4.1 and sp20 did a better job with inputs on front. But the S5 was built to be low priced. It was not encased in a nice case like other two and used plastic sides. If your wanting change I do not think it will come from bitmain as far as far as software design anytime soon. As far as hardware going from 2 blades to 3 with S5+ and S7 I consider hardware a decent change. Also a metal case compared to plastic sides.... so there is some improvement on hardware side. The hot hair should come out to the other side, not the side where you plug your things. You could use good solid plastic, it would be lighter than metal and still very solid. Tho not much less expensive. And my biggest grief is with the software-hardware part of the software. The volt control is bad, the fan control is finally here but still very bad. Etc. |
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You might have a reduction in errors with freq 362 0.0260% HW error is not bad righT? i mean 99.974% correct? Its not an exceedingly high amount but when you start getting more HW, your chip start actually hashing a bit less, its not just a HWE% thing. Its probably a voltage thing. It does that with my S5. At around 400hz the Hashrate no longer raise, then it start lowering even though HWE% isint event really raising by that much. |
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Sounds like the ongoing malleability attack rather than an issue with too many clicks on a button.
The TX IDs are different. Use the "repair" function of MB to get the wallet back to normal once one of the transactions is confirmed.
Well the second transaction was done after the original/legit transaction. It will never confirm, while the original one confirmed before i had the time to post this. Its still working as normal. You mean it would remove the bad transaction from the list? |
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