I would love to see bitmain produce a mining bitcoin node, possibly with the same router capability
Yeah that would be cool! I was expecting the R1 to be able to do that, right now i don't see a use for it beside having fun with it as a toy. I would of totally pictured it with a sata port to put a HDD on it so that it can run the block chain. Hah. |
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I received 1 s7 but not working properly. With 600 frei it s not stable and do it 4550 with 0.11-0.14 error. When I try more 600 hash droped. 550 frei 4400-4500 http://prntscr.com/8nagbnAny idea ? I used 2000w server psu Well Bitmain is now selling the S7- or inferior portion of their S7 as Batch 2. You may be able to ask a partial refund for the difference because your miner does not meet the specs. Again its probably a single blade thats being suck. =/ So i'd say try 575hz since thats what the batch 2 come with at, stock. |
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Are these real or faked blocks? Can XTnodes now distinguish between both?
Probably fake. Nobody wants to be the first to bother with the risky shoehorning of XT's eccentricities into their working existing infrastructure. It's the Toomim Bros apparently. https://bitcointalk.org/index.php?topic=18313.msg12585908#msg12585908I once considered using their hosting services. No longer. Apparently the blocks weren't tagged as BIP101, as per the following post on that thread. Not sure what to believe anymore, and still not sure if XTnodes can identify legit information from faked information. Anyways, 7 blocks is definitely not an upsurge, so even if it's real support, it's not that much. But look like its not, even if it found a 8th block, allegedly. Overall average is now dropping because the last 1000 is moving on and the information doesn't seem very substantiated anyways. Block train says the version report is correct; https://www.blocktrail.com/BTC/block/376992But what does that even mean. Nothing really, with numbers this small. Too bad miners that support the BIP are only showing that on their coinbase and aren't really mining blocks to support their intentions. I was expecting people who want a change and are able to push a change to really back up their sayings. Many would support BIP100 but afaik its still just on a draft stage. So there's no actual wallet software with BIP100 included. But BIP100 itself has some problems and vulnerability, like allowing people that mine to down vote the block size with a relatively big portion of the hash. "21%" So i'd say it need some improvement as well before people start voting it. All in all its fine, we have the time, its not like we're at the TX limit yet. |
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So whats up with Bitmain, they listed Batch 2 and Batch 3 of the S7 and Batch 1 has not shipped yet? Also, Batch 3 is $200 bucks cheaper then batch 1. Nothing like feeling screwed! They will all probably ship around same time and if you buy Batch 3 its $200 less. Thats not right. Also Batch 2 has less hash with same amount of chips? I don't get that unless its unlocked at the factory or maybe batch 1 and 3 is overclocked....
Anyone have any insight?
Batch 1 & 3 are meeting the original spes and are running at 600MHz, 1210W giving 4860GH/S They then seem to have some units, that guessing have an unacceptable HW Error rate, so they called them Batch 2, have turned them down to 575MHz, 1160W giving 4660GH/S selling at $73 less than Batch 3.  Rich If i remember right they have a 90 day warranty on these units? (anyone?) man that is a lot of heat and complexity to find out that after the elec burnt and these btc prices for the thing to just brick at month four...that in itself would give me pause (but then again I'm a coward now with NEW at least home miner equip etc etc at 13.5c kwh where I'm at. I did a sp10 1.4th spondoolies i saw on ebay for 250 bucks and I lost 35 bucks a month using the www.tradeblock.com calculator and that includes a PSU in the unit...anyway all well beyond my efforts now ..even so the 90 day warranty would be unnerving to me ..even if it kinda made sense ..just saying Maybe someone in Oregon can pull this off or with cheap elec ..me er not so much. There is a warranty but RMA is at your cost. And shipping to China isint so cheap as to get stuff from China, apparently. If you would just take a picture and they would send you replacement part, it would be nice but no... You have to ship them back the stuff, sometime the whole miner. You then lose mining time. All in all, its not a very pleasant experience. In the best of case, you only need a new controller but there's some horrible story of what happened to people right now. Even with the S7 just now. |
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Interesting line from the review. If you do not want to use solo mode, this will need to log in via SSH to own mining machine, change the relevant documents to achieve.So it may be possible to just SSH and setup to Mine wherever you want? Rich Well, i don't know if it will be built in to easily switch to the coop Antpool mode only. But if it is, it should only be a matter of time before smits or someone else come up with the cracked firmware that will allow it to point it to the pool you desire. I'm just wondering how convenient if at all it will be. If you point your miners at it, then you're not monitoring it from the outside anymore and will you be able to monitor non AntMiner's on it from the Bitmain's online software? |
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Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.
Why would it be enough? How would you know that BTC will be worth many, many thousands USD per? Nobody knows where BTC will be in one year, why would it be possible to know what it will be worth in 20? Bitcoin will bring about a revolution but that doesn't mean that Bitcoin won't itself die in the progress. No revolution without its toll in blood. Remember? So why you are so sure about it? It is always a possible future and not a guaranteed. However looking back in the days of early internet and a few of it's first apps I see that Amazon and ebay still exist today. So bitcoin the commodity and currency for instance as the first application of a decentralized blockchain doesn't have to die. The possibilities of being a future success with high value weighout the possibility of becoming a failure. It can be a success. But i think the mathematics behind what was just said was missed by most people. For a single bitcoin to be worth that much, the Bitcoin market cap would have to be in the 2-3 trillions digits. For this to happen, we'd need a world wide take over of Bitcoin overnight. Which is simply very unlikely. For this to happen, you'd need to effectively redo the global economy built around Bitcoin. In only 20 years... not very likely. I don't think that the people who did the previous comments did the math of a BTC at 100kUSD+ per as they suggest. |
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Are these real or faked blocks? Can XTnodes now distinguish between both?
Probably fake. Nobody wants to be the first to bother with the risky shoehorning of XT's eccentricities into their working existing infrastructure. It's the Toomim Bros apparently. https://bitcointalk.org/index.php?topic=18313.msg12585908#msg12585908I once considered using their hosting services. No longer. Apparently the blocks weren't tagged as BIP101, as per the following post on that thread. Not sure what to believe anymore, and still not sure if XTnodes can identify legit information from faked information. Anyways, 7 blocks is definitely not an upsurge, so even if it's real support, it's not that much. But look like its not, even if it found a 8th block, allegedly. Overall average is now dropping because the last 1000 is moving on and the information doesn't seem very substantiated anyways. Block train says the version report is correct; https://www.blocktrail.com/BTC/block/376992But what does that even mean. |
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Try this steps sir make it rar with password then put it to usb.then the usb should have a password. Download the usbsafeguard.exe and copy it to your USB flash drive. Run it from your flash drive and enter a password to lock the drive. To unlock it, run the file again and enter the password. The locking procedure must be repeated every time you want the drive to be locked as the tool will remember its last status, i.e. locked or unlocked. This also means that you can change the password every time you use USB Safeguard. heres the link https://userscloud.com/1e15yz44bmic
Yes, the paper wallet shouldn't be only on Paper. Paper actually isint a very way to store something securely, who knew?  For encrytion, remember even the best ones like TrueCrypt can come up with some vulnerabilities; http://www.extremetech.com/computing/215285-critical-truecrypt-security-bugs-finally-foundSo make sure to always use more than one layer of security. that why he need to rar file it with password using copy paste not keystroke before he place it in usb with encryption and just always use updated antivirus to be safe from monitoring apps... You can but winrar passworded archive isin't very strong encryption. I would strongly advice against using winrar password encryption. You can try to set it up to use an heavier algorithm but its still going to be fairly weak. Meanwhile some password option on winrar and similar don't even encrypt the data and most people can absolutely not tell the difference. It just set a password flag and the software will request a password, this can be bypassed easily. So all in all, don't do it, use actual encryption software. Winrar is definitively not it. |
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monero, because it has that useful feature of anonymity, i don't see the point of using other currency, they do not offer soemthing that bitcoin does not have
and i'm not seeing the long confirmations as a probem right now, because i'm solely using it online at the moment
Yeah I totally agree with you on this aspect... Monero does possess a very good anonymity feature that no other coin can really boast. I have already hedged a decent portion of my funds into Monero now, since the recent price drop from some whale that dumped tons of XMR for whatever reason. As for the confirmation times, I just read and researched a bit about this new coin coming out... eMunie. Seems to be stupid fast with the confirmation times, and has a really good chance of being a major contender way later on down the road. It still has yet to be released, but during the beta test, it seemed to get a lot of good reviews. Thread is here: https://bitcointalk.org/index.php?topic=1191535.0I don't really see an upside on an altcoin that confirm super fast. To be safe you'd need to wait a few hours for many confirmations anyways. Forks on altcoins happen all the time. Meanwhile a single confirmation on Bitcoin is relatively strong and waiting for 3 isin't much longer. If you do very small transaction, for something like a coffee, then you don,t even need confirmation for the merchant, since a double spending attack on such a small amount would be self damaging more than anything. Just take it easy, there might be room for more than one crypto, but they will need to bring something completely apart from what Bitcoin can bring. Beside true anonymity that can be solved in side chains, i really don't see anything. |
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Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.
Why would it be enough? How would you know that BTC will be worth many, many thousands USD per? Nobody knows where BTC will be in one year, why would it be possible to know what it will be worth in 20? Bitcoin will bring about a revolution but that doesn't mean that Bitcoin won't itself die in the progress. No revolution without its toll in blood. Remember? |
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Ok so... who wants a monarch? LMAO J/K
I was going to fiddle with it and make a hybrid / bitcoin mining server for fun... Too bad it sucks so bad. So I assume this thing is just broken then?
Well i don't know? Its working on the pic you posted, its just throwing a fair bit of errors, but your overall hardware error seem to be at 1.9%. Considering the dubious quality of butterfly lab's stuff, i'd just go ahead and check on the pool side what your hashrate is. There's quite a lot of troubleshooting content for the machine and you did not mention much of any details about the miner's reporting led so. If you don't have the time to go through pages and pages to troubleshoot it, just check if the pool is receiving the submitted shares properly. Regardless its a pretty inefficient miner so i hope you have near free electricity! |
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It's not meant to be that way but it is still exposed to all the uncertainties that made people wrongly uncategorize bitcoin giving all the wrong information and creating the negative perception. Hopefully when people get to understand bitcoin better this type of thinking will go away.
I hope so but misconception is a paramount constant with humans. Paypal took many many years and much brute force from the company to come out and become more mainstream adopted. And there are still so much misconception about it. Now we have Bitcoin, that exist as a decentralized entity, which means its not under some company's umbrella with a lot of cash to bring it up, its up to its community. And seeing the result of elections these days, i'm not convinced leave it up to "most people" is a very effective path. But at least there are some very good sub entities that is looking up for Bitcoin. |
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Try this steps sir make it rar with password then put it to usb.then the usb should have a password. Download the usbsafeguard.exe and copy it to your USB flash drive. Run it from your flash drive and enter a password to lock the drive. To unlock it, run the file again and enter the password. The locking procedure must be repeated every time you want the drive to be locked as the tool will remember its last status, i.e. locked or unlocked. This also means that you can change the password every time you use USB Safeguard. heres the link https://userscloud.com/1e15yz44bmic
Yes, the paper wallet shouldn't be only on Paper. Paper actually isint a very way to store something securely, who knew? For encrytion, remember even the best ones like TrueCrypt can come up with some vulnerabilities; http://www.extremetech.com/computing/215285-critical-truecrypt-security-bugs-finally-foundSo make sure to always use more than one layer of security. |
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easiest way that I recommend is to use btc-e
register then deposit your bitcoins then sell them for USD, then your balance in USD will be in your account
make sure that you use a unique password and use 2FA for more security
But exchanges are not really secure and a bad way to store currency for any longer length of time but short. You're just asking to lose your money one way or another. The second you put your BTC or USD in a centralized location, your money is now subject to lingering around in a vulnerable environment. If anything happen to the exchange, you may lose your money. |
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A safe deposit box is good, but can the government force the bank to open the safe deposit box?
In some jurisdictions, I think the government's order would be binding on the bank. In that case, the government can seize your bitcoins at any time.
Just encrypt your wallet dat with a very easy to remember password inside a hidden partition inside normal data. You can do this with Truecrypt. A hidden partition within a virtual partition. Put that on a couples of USB keys and put them in safe place. If you are ever coerced to unlock the hidden partition, you give them the main password with the obvious files. They have no way to prove there is a hidden partition that hide the true .dat or files and you're good to go. |
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I roi'd my 280x already. Back in the GPU scrypt era, i would make 1-2$ per, per day. At the moment i make 1$ per~ and have made 2-4$ per for one month before it went down again recently.
They are long roi'd and are probably almost at 100% return after break even.
But sometime, you just gotta shut them off. For most of 2015 the return per GPU was 20-25cents per, per day. For the electricity they consumed, it would have been more efficient to run S3's or even S1s.
So GPUs are really a exclusive thing. You need to either have a miner/kernel that let you mine at high speed than others. Or you just get the good stuff when they come up and then let them rest or sell them.
I ROIed on all of my GPU's aswell. But I choose to sell them and go into asics. Just for me I thought was best bet. I did not get the crazy pricing GPUs had during height. But I got a good amount still for my 270/280's. Kept very few of them as it was great profit selling ontop of ROI. So was pretty amazing mining back then. Well a bit over one month ago, i had people offering me 125$-150$ per GPU, In the end since then i made about that much per GPU with Ethereum, before the price crashed. The reason i ended up not selling was quite a few was acting all scammy and stuff. (Rest was price way too low) And also the hassle of packaging the whole rig back into pieces. It was only for a short while but it made me wonder if i shouldn't just keep it handy since all in all 15$US per day for 1150W was pretty good. Now its 5$~ per day, its about the efficiency of S5's. Its not yet back to the usual 1.5$ per day from X11~ 2 months ago. |
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I received no response either. Maybe it's because I asked for escrow...
I also asked for escrow and he didnt respond. I wonder if a scammer is really trying it out here. Wonder??? See if you can expose it to all if you find out. Relax the scam accusations. Cryptoglance is very busy as you can see by how long its been since he has been last seen online. He is not replying to my messages often either. |
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as it says i'm 100% noob to this bitcoin word i have seen some ads talking about bitcoin mining and wasn't able to understand it  could you please explain to me what is that mining and how to earn bitcoins from it thanks  Mining = minting bitcoin. But mining bitcoin is helping to stabilize the network and maintain it. It's like a maintenance tax, that is necessary to keep bitcoin alive. Miners get rewarded by this, and its very profitable , but only for big miners not small ones I'm small, and its profitable, you just need to do it in the right conditions. The miners get all the TX Fee and the block reward and i get a self satisfying part of it with my home mining. Depends how much electricity costs, in my zone it costs alot, we pay like 40% taxes on it, it sucks  But you can still mine like altcoins profitable ? There is not much difference for Altcoin and Bitcoin. They are both crypto so would both should counted the same here. Profitability for Altcoin isint really higher than BTC ASIC. Its mostly that it let you do something with your GPU hardware, sometime CPU as well. With the high cost of GPU and its high electricity usage, its even more prone to being unprofitable if you do not have dirt cheap electricity. Even with dirt cheap electricity you might make more then it's costing to run. But that is far from making a ROI on those GPUs. Even if you had "free" electricity I don't think you will recover GPU costs anytime soon. Just is a game of asics for the most part today. Anything an asic can mine they will crush GPU's. I roi'd my 280x already. Back in the GPU scrypt era, i would make 1-2$ per, per day. At the moment i make 1$ per~ and have made 2-4$ per for one month before it went down again recently. They are long roi'd and are probably almost at 100% return after break even. But sometime, you just gotta shut them off. For most of 2015 the return per GPU was 20-25cents per, per day. For the electricity they consumed, it would have been more efficient to run S3's or even S1s. So GPUs are really a exclusive thing. You need to either have a miner/kernel that let you mine at high speed than others. Or you just get the good stuff when they come up and then let them rest or sell them. |
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A lot of miners have multiple owners. It's really different day's in the world of asics then GPU's. GPU's you used them to mine and most sold to a gamer who would use.
With asic it seems higher priced electricity people stick with new gear because of efficiency. At a certain point though it makes to little and is sold online to someone with lower electricity.
It would not surprise me if miners at this point have 3 homes by the end of their life. I think we will only see more of this moving to lower priced electricity places with old asics.
On old gear what I hope happens is parts are reused. I know this likely will not happen. But imagine if we could get a place to store A1 cases and heatsinks some third party could make a upgraded hashing pcb and you have a new miner. I really wish there was more upgrading but it does not seem to happen much. Sadly you are probley right about them going to recycle's who sell for metal value at some point.
You "can" recycle a fair bit of components on used boards. The fans can be reused or at least the plastic recycled when the motors die. The metal parts could be melted. But all in all, that is a lot of manual labor and there is a constant waterfall of them trickling down to landfills so i'm guessing Cryptocurrency related ASIC will simply just be that. A bit more electronic being dumped somewhere. I think only the metal heatsink and cover/husk would be convenient to recycle and you could probably recycle them with home recycling bins. The big thing is the heatsinks. With the A1 Dragon 1T they are quite sizeable. And if you happen to have a A1 1.5T they are even more sizeable. I believe my 1.5 weighed around 50 pounds when I shipped it. These old heatsinks really could be put to good use if reused. But sadly they most likely will end up in some kinda metal recycler eventually. If the manufactures cared about the ecology, they would just print new PCBs and sell those and design their units to easily change the PCBs, effectively being a purely upgrade system. But i very much doubt we'll see this kind of eco-friendly modular plan from the ASIC companies. A shame. |
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I dont think so... we dont see 200 again
Traders say that Bitcoin's true bottom did not reveal itself yet. This would mean that we would see it go under its low price collapse. I think the amount was 170 and it was dumped down to 150 quite a bit. According to them, before that the price will never be truly reliable or can become stable. But who knows, maybe that 170 was the true botton. *shrug* |
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