is that scam mordicas new criminal company?
I believe his full official name is "Totally Honest And Talented Joe Who Was Unduly Repressed And Victimized By Garza But Very Surprisingly Exhibits The Same Dysfunction In His Own Projects" It's like it's contagious or something. Oh so basically, like idiocy. :X "Known scammer group operating lending services and partake in obvious group chill-ing", if this was a real life stock company or some such, it would be a scandal and the company would get torn to pieces with the media. The group would be at least under heavy monitoring. Why doesn't BTC get this kind of justice? Even though ultimately its all moot? I suspect that the Powers That Be let these crimes in Crypto run wild so that they can then respond to the outrage at this brazen unchecked criminality coming from the citizenry. They want to lock Crypto down tight, but they don't want to appear to be carrying out this agenda because people would hate them for it, therefore they let the problem fester until the citizens "demand regulation", and then they will happily step in and regulate it to suit their needs and be viewed as diligent heroes fighting for the good of the citizens instead of self serving tyrants in the pocket of the Banksters. That's insanely conspiracy-theoristic... And i'm not sure it's only a crazy's theory, most governments already start acknowledging Bitcoin with often mere bitter attitude, or try to tax it to hell even though its not directly possible, or make it illegal or try to fight it in a way or another. Or are too uptight and just overlook it as insignificant. Only a few look up to it, so... By doing 1+1, we already know that Governments need control over their fake FIAT currency so i guess fighting it comes naturally for them. |
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There's no real opponent in cryptocurrencies to bitcoin. But i don't mind trading them on and off until they die out, since you can make a nice buck out of it,
then just simply convert everything back to bitcoin, and hodl.
Nope, indeed. We can be looking at some coin that would survive because of certain services. Maybe like truly anonymous transactions or such. But potentially only when sidechain start kicking in. If sidechain start appearing and solve the "issues of Bitcoin" then this allow Bitcoin to evolve and effectively become closer to the perfect digital era currency. |
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There you go, another one of those threads! And we really haven't had one in a while! Anyways, I thought Bitcoin XT is dead, what is this upsurge now about all of the sudden?  The thing is, XT will never die unless Core scales properly. Maybe but i don't see any upsurge. The node count is down trending, the block count is not at any sort of all time high, the drama count board is going down, people are starting to move on. I don't see any problem or much to discuss here beyond this. The block chain is not required immediately, therefore it will simply not happen. XT will probably truly flatline only when another solution has been implemented but it's not really worth beating a dead horse over and hover imo. |
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is that scam mordicas new criminal company?
I believe his full official name is "Totally Honest And Talented Joe Who Was Unduly Repressed And Victimized By Garza But Very Surprisingly Exhibits The Same Dysfunction In His Own Projects" It's like it's contagious or something. Oh so basically, like idiocy. :X "Known scammer group operating lending services and partake in obvious group chill-ing", if this was a real life stock company or some such, it would be a scandal and the company would get torn to pieces with the media. The group would be at least under heavy monitoring. Why doesn't BTC get this kind of justice? Even though ultimately its all moot? |
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The insuring company is legally obligated to respect its contract terms. In this case they are very clear. "In case of employee theft and hacking" and it even insure an extra over the average price.
If the loss was caused in a way that could be proved to be outside the contract terms, then and only then they could deny and not get rolled over in court for doing so.
Sure but that is difficult to prove, and these bitcoin insurance contracts are usually 100+ pages long so it's hard to determine what exactly happened and if the contract covers that aspect of it. Also if the suspicion arises (it could be in many cases) then the insurer could get an investigation going about wheather it was an insire job or not, to not get defrauded. The inside jobs are very common these days with many companies so i dont blame the insurer for that, but it's just funny because all this uncertainty will make customers less safe and less trust about the company. Plus with these events going on, i doubt many customers feel safe about this insurance, because they might not really be so. But according to the contract overview, insider job is also covered. I'm guessing they have some sort of system where it make it very hard for a single person to just steal Bitcoin, or a significant amount with typical multi-key (In this case multi key signatures) to unlock a vault (or in this case the wallet). It must be solid enough for the insurer to having decided the premium collected is worth the statistical risk that could be loss in case of theft, hack or insider job. |
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Yes the S3 should be 0.25BTC or so which is like $75 because I bought a bunch locally about 9 months ago for $100 but in my area people are selling these things for $150 a piece saying that in Alberta we have low energy prices and they are huge money makers.
Sound about right for the S3 value, but the people in Alberta must be living in some kind of illusion. According to http://www.ucahelps.alberta.ca/index.aspx the prices range from 5+cents/kWh in summer to 11+cents/kWh in winter. I'm not sure in what kind of world that's cheap but if those numbers are relatively accurate, then that's certainly not true. Seeling gear based on your power price is pretty dumb IMO. Well the value of a miner is based on its profitability, which is based on the overall electricity price vs difficulty. To me if i got a S5 for 5$, i "could" ROI it in a month. To most people that pay a regular /kWh rate, break even is probably not even possible in the first place. I can understand the argument when haggling the miner's value, in this case it was simply a Fallacy. Good argument but untrue. Yeah if you only look to your local sellers, the price can be influenced based on the local electricity price. I see S3 for 150$ on Kijiji ... Doubling the price because we have cheap electricity. would be is a rip off imo  I bought an S4 like 2 months ago. I told him, the price you have found are insane. Look, this is out you can calculate the ROI. He was like "WoW this is insane" I'm not sure what those S4 numbers are haha, what are they? And for the S3. I'm going to assume CAD, not US. The ROI would be 5 months with FREE electricity. Completely unacceptable for such old hardware. Not people who say "0.07$~USD$/kWh is cheap so buy my stuff for twice its value!" is just nuts to me. No offense intended to anyone. Yeah no offence to anyone, just saying 150$ canadian for an S3 is an insane price. it's was like 1000$ for an S4 ... ROI = impossible And now we have a real life experience of why people sell(and why people actually sometime buy it); Most people have absolutely no idea how BTC work. Hopefully someone with proper sense will come and offer me some nummy S5's I think now that 320USD$ is way too much now. |
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I actually think we will get a near steady diff this next two weeks as bitmain and rest of china on holidays till 9th.
I think Bitmain should already have all of their S7s deployed, right? So I expect the next diff jumps to include all of the S7s that have been shipped out around the world. I though we'd see a big jump this time, but we took a negative dive right at the beginning, then climbed back to +2.5%. If we didn't start this adjustment negative then the + adjustment would have been much greater, but still not much more than 5%. Of course 5% adjustment today is a much larger number than a 5% adjustment a year ago. I've been mining only a couple months but the diff has grown 50% in the time I've been active, ~40G to 60G today, wow! There's still people complaining that Batch 1 didn't ship out for them yet, while they already paid for it. Meanwhile there's batch 2 and 3 for less price than they paid and they didnt even ship them out yet. Sound to me like there's going to be a lot of complaining for a while. TLDR: The full scope of Batch 1/2/3 is yet to be seen. But i'm sure we could extrapolate by stalking Bitmain's btc address and transaction trail. |
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Yes the S3 should be 0.25BTC or so which is like $75 because I bought a bunch locally about 9 months ago for $100 but in my area people are selling these things for $150 a piece saying that in Alberta we have low energy prices and they are huge money makers.
Sound about right for the S3 value, but the people in Alberta must be living in some kind of illusion. According to http://www.ucahelps.alberta.ca/index.aspx the prices range from 5+cents/kWh in summer to 11+cents/kWh in winter. I'm not sure in what kind of world that's cheap but if those numbers are relatively accurate, then that's certainly not true. Seeling gear based on your power price is pretty dumb IMO. Well the value of a miner is based on its profitability, which is based on the overall electricity price vs difficulty. To me if i got a S5 for 5$, i "could" ROI it in a month. To most people that pay a regular /kWh rate, break even is probably not even possible in the first place. I can understand the argument when haggling the miner's value, in this case it was simply a Fallacy. Good argument but untrue. Yeah if you only look to your local sellers, the price can be influenced based on the local electricity price. I see S3 for 150$ on Kijiji ... Doubling the price because we have cheap electricity. would be is a rip off imo I bought an S4 like 2 months ago. I told him, the price you have found are insane. Look, this is out you can calculate the ROI. He was like "WoW this is insane" I'm not sure what those S4 numbers are haha, what are they? And for the S3. I'm going to assume CAD, not US. The ROI would be 5 months with FREE electricity. Completely unacceptable for such old hardware. Not people who say "0.07$~USD$/kWh is cheap so buy my stuff for twice its value!" is just nuts to me. No offense intended to anyone. |
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1k+ a month? That is not possible only by faucets or only by signature campaign.
To earn that amount of money you have to hard work and have good skills like developing apps, exchanges, websites etc.
It depends on which country do you live but 1k+ a month is more than good enough for a person.
Yeah, it is not possible for only one thing, like I join signature campaign, I got paid 0.05btc to 0.1 btc per week if I post a lot, I can get 0.0014btc per post rate which is highest in the community. If i only claim faucets, maybe only 0.01 btc in one month, but i didn't make so much before.  Let's say that you earn 0.14 BTC in a week that is 0.56 BTC within a month. That is the most that a hero member can get which is pretty good, + other sources you probably can reach ~1 BTC a month. for real? a hero member that still claim on faucets?  what i expect to veteran members is earning 1 BTC a week online am i right or not? i am really surprised that there are still old members that uses faucets. It is just a forum rank and it does not prove that you are earning 1 BTC+ within a week. If you are willing to make more than the usual 100~ posts, then you can make 0.2-0.5+ BTC per week. Of course you need to treat it like an actual part/full time job, but it is doable. I'm not able to make 2+ BTC per month with it but i know some who does. I still make a fair bit over 1 BTC per month currently. To achieve a such income, you have to be accepted in the Bit-X campaign, and this is a hardest part. I failed at it  ... I'm sorry to hear that, i did see your application. I'm not sure exactly what the criterias are; From my point of view with your latest posts; i notice a lot of half and one liners. The average of your posts is probably about one line, you have quite a bit of copy paste and you post a lot of the alt coin boards and other board that aren't counted (like French locale). The actual typed stuff is good, only short. A work around for people who would rather do many short posts rather than posts with more weight would be to manage several account. It would be best if they were your own accounts, i think selling account to be a bit distasteful in which cases it can be used as impersonation. Anyways 100% Bit-X all the way for me but, if you join multiple/differents "lesser" campaign signatures with your own accounts, i guess its a reasonable grey line. |
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Let's look at the number of connectors from a technical point of view. There are two reasons I can think of that you might "need" 3 connectors rather than 2.
First is the current rating of the contacts in the connector. In this case using a splitter will protect the Miner connectors however it will not protect the connector that is plugged into the splitter. So good from the Miner Warranty point of view but of no value from an overall reliability point of view.
Second is the volt drop through the cables and connectors, remember here the tight spec that Bitmain has put on the 12V supply of "12.0V+5%, should not be less than 12.0V" in which case the additional connector & wiring for the splitter is going to make things worse rather than better.
My advice would be to use a proper 3 way cable set-up.
Rich
The only thing i can add or contest in all of this is the voltage dropping when using split cables; I'd add the Caveat that ultimately it depend on the quality of the PSU, and it's probably a good thing to have good connector to prevent arc and corrosion too. What i mean is i mesured the volt on my evga G2 and its rock solid from 20 load to 105% load, with a single cable or a 6 + 6+2 cable. I believe the lowest i saw was 12.05v and highest i saw was 12.08v. I still had connectors burn on the EVGA because the shitty Zeus GAQ rebrand's connectors were worthless. |
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I've tried it off then I tried it on. It beeped for awhile but never reset.
I've heard people report similar atrocious problem appearing when turning on load balance on this miner and the S3 as well. Not sure about others. Regardless, i believe you would need to put back the launch config back to default. Either use a copy or some such. Maybe i could pastebin mine for you? Otherwise you might have to flash the sd card but strangely enough, there does not seem to be one in the S5 by default? |
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Individual sticks on kano.is can only generate dust which amounts to no pay. Imagine if the 'smaller' donations were sent to kano under an umbrella account, under phil's control, so that the combined effort could reap some incoming coin. Larger doners could of course maintain their visibility on the club roster. It's fun to mine, but it's also fun to receive a little bitty payout once in a while.
The hash rate is so tiny, it's not productive to donate that way. Just put the hashrate toward the lottery prize, that way in the infinitesimal chance where it will find a block, the club will benefit greatly. Otherwise, a collective dust payout is still a grain of sand in the desert of money being thrown at this club to make it work. Just see how much rented hashrate Phil is putting toward this. The value of the hardware and the cost of the electricity. |
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you can simply leave the amount on the excahnge, usd should be backed up more than bitcoin in case of fraud, but if it is a big amount you need to verify yourself first
exchanges can still block your account, or just steal your funds. I would never hold any currency in an exchange for long Unless you do something illegal, i think exchanges such as Coinbase are properly insured; "Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time." You just have to see where the affected laws are in effect and enforced, which may be limited to the US and Canada at the moment. Yes Coinbase is insured just like your bank account is insured. They offer this insurance in all of the countries that they offer their services in, at least that's what they claim. It needs to be seen what would happen if actual hack and the loss of funds is to take place. They could offer insurance, but what if the insurer denies it? It was the case with another company that has lost bitcoin but the insurer denied the compensation and then they sued them. It could take a long court battle to get the insurance. The insurance companies are sneaky bastards and always find an excuse to not pay. Or, the company itself can be shady, and the insurer has no way of differentiating a legitimate claim or an inside job. The insuring company is legally obligated to respect its contract terms. In this case they are very clear. "In case of employee theft and hacking" and it even insure an extra over the average price. If the loss was caused in a way that could be proved to be outside the contract terms, then and only then they could deny and not get rolled over in court for doing so. |
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Yes the S3 should be 0.25BTC or so which is like $75 because I bought a bunch locally about 9 months ago for $100 but in my area people are selling these things for $150 a piece saying that in Alberta we have low energy prices and they are huge money makers.
Sound about right for the S3 value, but the people in Alberta must be living in some kind of illusion. According to http://www.ucahelps.alberta.ca/index.aspx the prices range from 5+cents/kWh in summer to 11+cents/kWh in winter. I'm not sure in what kind of world that's cheap but if those numbers are relatively accurate, then that's certainly not true. Seeling gear based on your power price is pretty dumb IMO. Well the value of a miner is based on its profitability, which is based on the overall electricity price vs difficulty. To me if i got a S5 for 5$, i "could" ROI it in a month. To most people that pay a regular /kWh rate, break even is probably not even possible in the first place. I can understand the argument when haggling the miner's value, in this case it was simply a Fallacy. Good argument but untrue. |
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Yes the S3 should be 0.25BTC or so which is like $75 because I bought a bunch locally about 9 months ago for $100 but in my area people are selling these things for $150 a piece saying that in Alberta we have low energy prices and they are huge money makers.
Sound about right for the S3 value, but the people in Alberta must be living in some kind of illusion. According to http://www.ucahelps.alberta.ca/index.aspx the prices range from 5+cents/kWh in summer to 11+cents/kWh in winter. I'm not sure in what kind of world that's cheap but if those numbers are relatively accurate, then that's certainly not true. |
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Thanks to users who made me offers, i'm still looking to pickup another deal or two within a week. Please contact me if you have some tasty offers.  I'm in Ottawa and sold S3s in June to Montreal. It looks like the prices have held up since then.
Sound about right, they were 0.3BTC~ then. They seem about 0.25BTC~ now. So fairly good on retaining their value when you consider people are trying to sell small batches of S1's for 5$ a piece. 5$ for S1, where ? It was a guy dumping all this S1s and S2, the S1 lot for 11 was 90$ or so, the S2's were 100$ each. Would be nice face to face but if you ship them, then not so much. Yeah, shipping = deal killer Yes, indeed. Otherwise i would of taken the S1 lot i think. I'm thinking of building a rack of S1 with no fans and use those to replace my electric heating for the winter in my room. They would be completely silent and cover the heating cost of my room for winter. I think they would required a fan. My modded S1 cards (at 0.9-1w/gh) was getting too hot without one At 40watt per heatsink, i think passive cooling from the heatsink will be enough. I ran one at 140GH 1.1w/gh without a fan for 1 hour at low ambient temp and it was running at around 60c. I would think clocking it at 90gh at 0.9w/gh would be fine, but we'll see. If i can keep the fan going at 800-1000rpm i might leave it on, too, since it would be quieter than my quiet PC. |
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Thanks to users who made me offers, i'm still looking to pickup another deal or two within a week. Please contact me if you have some tasty offers. I'm in Ottawa and sold S3s in June to Montreal. It looks like the prices have held up since then.
Sound about right, they were 0.3BTC~ then. They seem about 0.25BTC~ now. So fairly good on retaining their value when you consider people are trying to sell small batches of S1's for 5$ a piece. 5$ for S1, where ? It was a guy dumping all this S1s and S2, the S1 lot for 11 was 90$ or so, the S2's were 100$ each. Would be nice face to face but if you ship them, then not so much. Yeah, shipping = deal killer Yes, indeed. Otherwise i would of taken the S1 lot i think. I'm thinking of building a rack of S1 with no fans and use those to replace my electric heating for the winter in my room. They would be completely silent and cover the heating cost of my room for winter. |
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Should I want to add my SP20 for a day or two, do I just use the wallet address without my .alhstick suffix? I would guess that's right, but just thought I would ask.
In this case i believe it would be .alhdonation; http://solo.ckpool.org/workers/1JiWuyX94wrCr7JhkAn7x5qNMCEef1KhqX.alhdonationYour worker name; 1JiWuyX94wrCr7JhkAn7x5qNMCEef1KhqX.alhdonation on stratum+tcp://solo.ckpool.org:3333 I am unsure if this let you obtain a share if you did not buy a stick as well. |
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There is no way you are earning 150,000 satoshis per day from faucets. Unless you are on over 50 faucets and playing them 8-10 hours a day. I tried and the best, best I ever got up to was around 40,000 per day. Not even close to what you claim to be making.
The list/rotator in my sig was designed with efficiency in mind and I sprint through faucets every so often to see what kind of claim rate I can achieve. Here are some results from a few days ago:  That's 24,665 satoshis in 3 minutes and 14 seconds. Obviously not all faucets offer such high rewards but I think 2 hours for 150K is a pretty reasonable (if not conservative) estimate. So, could you help me out? I would honestly like to understand; Why do you do this? Do you enjoy it? Are you aware you could be earning way, way more just by having discussions on this forum, which to me appear infinitely more enjoyable than clicking stuff for some dust rewards? |
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Yes, several thread discuss issues with the BFL monarch. Personally i just gave up and am now keeping off from any further involvement with BFL stuff. They have no good hardware in existence anymore in any case. Anyways; https://bitcointalk.org/index.php?topic=759398.40 |
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