@Searing I give up... calling it a scam is just telling lies. Nobody has a proof that its scam! You are scamming, by telling the people its a scam. Maybe a little yellow submarine from Bitmain? They are paying a lot for shitstorm on miners  I have no proof for it like you. So from now on the scam screamers are little yellow terrorists for me until they proofed they are not (and I will not accept any proof). ID cards can be a fake Your fu... face is just a copy The facebook is maybe overtaken ... etc. For Halong: There are enough proofs from legit people, demonstrations from known big players and comments from bloggers which are 100% confirmed as real. People who still call it a scam just are those kind of people the world always had. The earth is flat. Burn her, she is a witch. Battles in the believe of god. Nobody was on the moon. and my favorites ... A black cat or friday the 13th are bad signs. But anyways: The DRAGONMINT 16T is real and its not a scam. 100% proofed. If something will go wrong on the first mass production batch ... delivery ... whatever ... we will see. But its not an initial scam like some others in the past. I call it as I see it....you seem to have faith it is true...me....NOT so much... time will tell.... but to be clear...as an example BFL had units...in 2013 and 2014...BFL gave out units month in advance of launch to news organizations they worked great they had millions pour in.....and they never delivered in mass and in the end the corporation took the hit...the folk doing the scam paid a meager fine.. (The three main folk, pointed out by SEC...the highest fine they paid each, was only 1 person and I think was 33k) This was a USA company with 'supposed' consumer protection laws..... so all that you say may be true...but the way they are playing this seems like an old BFL play/Gaw Miner/Alpha-Tech..the long con and mine themselves at best if the product exists....most likely will never exist in the masses they claim to ship.... again, I am just not buying it.......too many red flags....of the above scam's of the past....too easy to just fix those issues with the proper launch/demo/review nope....maybe I'm wrong..maybe I'm not...but SCAM is how it looks to me (hopefully, I am wrong and won't rain on your parade) but how I call it |
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On the Obelisk site, they mention that the OSC1 can only mine SC and DCR1 can only mine Decred.
I was wondering if they can each mine any other coin that share the same algo (Blake2B and Blake256R14, respectively), assuming that any other coin with same algo would come to exist (none yet that I know)?
If yes, anyone have insight into new altcoins coming out with these same algos?
Otherwise, the Obelisks seem pretty one-trick pony types.
Yep...1 trick ponies....from what I heard that is the way they are doing such..each one only mines decred or siacoin specifically... 1 unit does only decred....the other unit only does siacoin....to mine both decred and siacoin you have to get 1 unit of each  |
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So if you are a silly f*ck like myself and already have FIVE of these (shudder ..hopefully NOT vaporware Unicorns on order)
AND should be insane enough for FIVE more units in the 2nd batch. (w/the 1/2 price coupons)
Sorry i coudn't quite understand your point. Let's put away tax issues you mentioned. Current "estimated" mining profitability is huge with obelisk efficiency - if you mine with them now. Yes, it will drop a lot after release. Same situation happened with D3 Bitmain dash miners, when profit droppped from a few thousands USD/month to $150 just withing a couple of monthes after they flooded the market. But D3 were produced in huge qties by Bitmain - dozens of thousand units. Unilke Obelisk - just 7k units have been sold in batch 1 (SC and DCR combined) and maybe 5k will be sold in batch 2. Also obelisk says it won't hugely mine by themselves - like probably Bitmain did. "Obelisk intends to operate up to but not exceeding 20% of the hashrate of every cryptocurrency for which we make chips". In this circumstances difficulty should not increase dramatically, like it was with Dash, and profit won't disappear. Don't you think so? sorry what mix of units.....5 decred? or 5 obelisk sc-1's from batch 2 or a mixture of each? I already have FIVE sc-1's so wondering on what folk thought about the decred miner option they are offering as to the tax issues.....and the 1/2 price coupons....well...perhaps wise moves or dumb moves are made I guess, from such silly coincidences... brad |
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got to pay taxes....hoping for a pump to 300 bucks...not happening.....(if wishes were horses...they'd kick me to death) otherwise, I HODL what I can after that pound of flesh is taken out by the Taxman. (and mining with equipment I previous to that point got in mass (due to luck) when LTC went from $4.15 to the present prices...over $240...the Taxman he is gonna LIKE ME A LOT..hell, they may make mugs and T-shirts in my honor...). FML (LTC pump damn it! .....kicks couch) |
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Hi everyone, As promised, I did visit Scott today at his home. I want to thank Scott for inviting me to his home, he has a great family and he was pleasant in person. I spent about right under two hours discussing with Scott his history and connection to Halong Mining. From a personal perspective, I did a fair amount of vetting on Scott, and he definitely checks out as a local with a substantial backhistory. I personally am a very private individual, and I would not share the amount of information Scott shared about himself to the general public. I commend Scott for putting his neck out to this level, this is certainly not something everyone can do. I was able to witness the machine in person. The form factor is similar to the S9, but there were some distinct differences in the machine, such as indicators. Scott also removed the control board for me and I inspected the control board, which it did not appear to be a S9 board, although it appeared similar in form factor as well. Scott did not allow me to disassemble the unit to view the interior, but it was a 3-chain ASIC from visual inspection. The power consumption was checked with consumption monitor units Scott had on hand, which did reflect accordingly when Scott turned the units on and off. Scott requested I do not take photographs of the unit or certain parts of the mining interface, which I respected. I reviewed the settings on one of the units, and it did indeed match up with the assigned IP address we were accessing the miner. Scott indicated there were big announcements due later this month, some of which he shared with me. I will respect Scott & Halong and let him discuss that in this thread if he wishes to do so. I pulled up my post on the forums and took a screenshot of my laptop next to Scott's:  While I did not fulfill my objective of disassembling the miner and fully documenting the interior parts, I visually was able to confirm that miner was there, existed, and was accurate to the specifications sheet advertised. Some things I cannot completely verify. For instance, I do not know the exact communication in writing Scott had with Drak aside from what he verbally told me. I do not know what is inside the miner exactly, with reference to the ASIC chains. I understand how competitive this market is, and I also could understand certain subversive elements to control the market, which I can respect the discrete nature of not allowing such details to be publicly available. What am I personally doing? I am readying my cold wallet to withdraw funds to make a bulk purchase from Halong. I personally feel comfortable making a large purchase with what I have seen. I'll likely make a separate post about my journey with this pre-order and document the fulfillment experience. If I lose it, it's a small portion of my net worth in cryptos, and I'm able to share my experience. I feel with btcDrak's history, the significant other individuals that have commented on this hardware, that it is a legitimate source of future mining hardware. My suggestion to everyone is DO YOUR DUE DILIGENCE IN RESEARCHING THE COMPANY! Visit Scott and check out the hardware yourself. There is no guarantee to anything in life, aside from taxes and death. Every time I've placed big orders with Bitmain, I always think of a scenario where bitcoin miners are banned, or something happens to my miners that I've already paid for. This will be no different with my order with Halong. I'm normally a big purchaser of Bitmain products, but that will be on hold for this year as I take this plunge with Halong. I'm both excited for the prospect -- this reminds me of my first Avalon purchase, and the same level of excitement I had from KNC when the Jupiters rolled around. I am at the same time mortified that there always exists a chance of my investment turning into nothing. I'm very glad that I'm close to Scott in proximity, he's literally 25 minutes away from me. I understand this may not ease a lot of minds about Halong, but I invite you all to follow me in my journey as I place a large bulk order with Halong soon. Thank you and to Scott. Everything is clear. The idea of mining and crypto is based on belief, at this moment, we (personally me) have much more than that so please stop posting scammy posts and wasting so much time yours and ours. and....I still call this a scam.....I mean .....we have folk (legit folk on bitcointalk) who have taken a leap of faith and ordered...but am I correct to hear that it is March or April delivery ....even if they DO exist? IF by the by these units DO exist (and or others, I hear rumors of) then we all better start praying to the ASIC gods for LTC and scrypt pow to pump in price...or they will make very nice doorstops indeed.....  but again, still calling it a scam..thou I too would like to believe in fairies...hope for those who have ordered I am incorrect...but just can't see this as not a scam.... |
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So if you are a silly f*ck like myself and already have FIVE of these (shudder ..hopefully NOT vaporware Unicorns on order) AND should be insane enough for FIVE more units in the 2nd batch. (w/the 1/2 price coupons) Is the Decred miner the way to go ...to increase my odds....(supposing these unicorn/rainbow miners exist?) just asking what folk think about the Decred unit as an option or a hedge in my case on the last FIVE maybe unicorn purchases or no one has a clue? p.s. newbies remember I'm getting these MAYBE because I'm in the 50% tax rate (40% mined coin used less than 1 year ie capital gains on profit made on such HODL'ing and then spending and 10% state tax..more or less call it 50% set aside to be safe if my mining Income goes poof say around July 2018...got to set aside for equip and/or the tax man, while you are making income....) I also have taxes DUE I'm sure this year of 2018..thus I can get equip deduction for 5 years all in this year for a total of 25% back against taxes I'd have to pay anyway. Thus MY risk is 25% more or less above taxes paid...vs the above equip deduction and the tax man...IF you don't have any of the above your risk is a FULL 75% loss, if such units don't ROI and you just have the 25% equip deduction (assuming you have INCOME in some manner from crypto to justify this)...then be aware of my 'convoluted' logic on all this so again, as a newbie, you may be way better to just HODL coin....I have embraced my cluelessness in that it has worked before....don't become me It can be 'unsettling" |
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Let's assume these guys are legit and ASIC miners hit the ground running starting June. We know GPU mining at that point is over for SIA and DECRED.
The question is if its worth buying/mining these coins now before that event horizon.. With a big flood of new coins hitting the market does that mean a general upward or downward price trend?
won't matter the siacoin is being used with the asic's to run a network of anon cloud data storage (unlike Amazon where they can give your data to gov't or corp etc) at 10% the amazon current data storage prices..... that is what will drive the price of the coin....their storage idea....this price on siacoin right now is just a perk the real money is on the asic's and maybe once the network above shows legs...then reflected in siacoin price anyway, my take on why I'm in this with the original 5 units as to decred..unsure about how that coin works and any asic 'chops' it may have future wise |
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The thing with ASICs is that you don't get it now. You will get it when the difficulty has risen so much that you make $30 for 1500W of paper consumed. They will have so many of these mining for themselves until difficulty rises to a crazy level then they start shipping. Now you know Why there is always delays with Asic its about not shipping them out until they become close to unprofitable. again, you very well may be correct...but if Siacoin folk...DO get their system to be used to drop down storage rates to 10% of Amazon in an anon and widespread cloud method..that is where these machines will work..not on coin price...it has to have the function they want the coin and the asic's to be used for also, I have heard the same story about this since 2013 for KNC Jupiter 550gh BTC mienrs (2013) KNC Titan 300mh Miners (2014) KNC Titan 400mh Liguidation/Bankruptcy sale miners (2016) (now that was scary it was KNC we could have gotten a box of liguidation rocks in a box!) and of course my bet on $6 buck LTC floor on April 1st 2017 and getting a mess of Bitmain products at the time (2017) stuff I've got burnt on BFL (2014) (one of the few who got a full refund just before SEC shut them down) Alpha-Tech Scrypt Miner 30% down pre-order (also Amex refunded me thru luck) both the above used PAYPAL for crying out loud...thus thought was protected.....er not really so yeah, there is that silly risk thing..but all my crypto was made by mining and most was made by pre-orders...so unless you go bitmain all the way..these are the current choices/risks (I agree, I don't have a clue...how I proceed w/o having a clue....feeble rationalizations are my main way to cope in the crypto world) |
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How can anyone consider preordering these miners without seeing any proof of existence or internal design of the miners ? It's amazing how many people throw money at things like these. And the way the company changes the specs of the miners , saying they multiplied the final hashrate x2 or x5, as if it was an easy thing to do.
There is a single image on their website with a 3d render of black box, which to me, means nothing. They launched the preorder for a second batch before people even remotely received the first one. To me it's another company which has nothing to offer with scammy and shady practices.
you are correct ...it is a risk...probably too big a risk for most folk...I've done research and think? that they will come thru...If I am incorrect on my 1st batch units I will be down as a complete loss on my $12,760.00 after deducting equip as a loss (theft/scam) would be about 25% for a total of $3,190.00 of which I can take up to 3k loss each year...so from what I understand a 3k loss of gross income the following year...so yeah..maybe, after all, is said and done I'd be down 2k after all this...on the other hand in the world of 'dubious' ASIC equipment sales..of any flavor....(bitmain ..not happening now for sure on March shipping), them's the breaks. or I can just pay the tax man 50% (40% tax and 10% state tax) thus the gamble/justification/delusion (maybe?) of such purchases in my case On a last note..was so ..desperate for equipment I got last year a 5K loaded Alienware Laptop as computer equip deduction like a miner for AHEM ...business use for my home self-employed miner operation...(cough! business) ..and I got the expansion chassis for adding a regular GPU graphics card for it also for (cough!) GPU mining...(not gaming .really) (cough!) on the justification I use for miners.....after all, was said and done my AHEM business computer cost me 25% of what would have moved out to the tax man anyway (truthfully it really will be used mostly as a business computer..but AHEM a few games may be on it) yep.....that is where I'm at with taxman and my silly risks...you very well could be right! |
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Of course not. Why would they? The Bitcoin Core developers release the Bitcoin Core software. Lightning Network software is being developed by different people, and they will release it. Why would you think Core and Lightning are the same thing?
Does not Bitcoin Core have to have a working lightning fix for lightning developers to use it? Unless I missed something, that is NOT in place yet..thus where I was coming from. Correct me if I'm wrong Systems like this take time. It has to be carefully designed and tested.
So Bitcoin Core Devs are trying to make the 'perfect solution' regardless of how long it takes? (ie fiddles while Rome burns...kinda thing?)  |
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Nice Maybe I will get a decred unit
I'm conflicted... on the one hand, I have FIVE $800 buck 1/2 off coupons I could get units with then on the other hand I would be buying a 2nd batch pre-order of vaporware miners w/o getting the 1st batch yeah, nothing DANGEROUS about this ...right...... So assuming, I man up and get 5 more units.....or 6 more units (adding only a $400 buck coupon on that go around...they use on the site I was told the most expensive coupon's first...thus the $800 buck bonus coupon, for the 1st 5 units..then if I got a 6th unit the $400 buck coupon for getting a unit the 1st week...then the last 4 units would be the last of the coupons at $250 each...not going that far..but what I was told of the process. FYI) Again, assuming I get 6 more units at 1/2 price for the 1st 5 and $400 bucks of the 6th one for a total of 6 units at $5,200.00 usd before shipping. WHAT UNITS SHOULD A PERSON GET...... 1) Decred Miners (remember I have 5 obelisk sc1's from the 1st batch run) or 2) MORE Obelisk SC-1 Miners So I get a mixture, what would be the split 100% decred because I've 1st batch Obelisk's Siacoin miners in that batch? or 50/50 Decred and Siacoin units? What are folk doing for a mixture on this as the best option? Thanks, anyway the above was how I was told coupons work, point out any mistakes....but damn....I badly need the equip write-offs brad p.s. note to newbies in the USA..if you buy a unit with hard-earned $$$ you can get 25% off equip deduction in real $$ applied towards taxes owed on mining in a year. Assuming you are in 25% income bracket. So that means you can take the 5 years equip depreciation all the first year or 100% equipment can be taken off your gross income. ME. on the other hand..I am in a 50% tax range (40% plus 10% state income tax) ....if I take those $$$ and rather then pay the Tax Man and add the 25% off equipment deduction off taxes I know I will pay in $$$ otherwise.....my risk above paying the tax man is 25% in real money...more so in that my current miners have ROI'd thus newbies should be cautious with my advice..both for vaporware unit reasons maybe...and in real $$$ my risk is much less at 25% vs 75% cash down on this kinda thing but again, I'm at the 50% tax level on mining income...but that is why it may be a lot more attractive to me for equipment than anybody else...especially newbie wise also IF it is all vaporware...I can still write it off as theft/loss and only down 25% for the risk...again the tax man will get 50% for sure, and the nice 25% equip deduction makes it tempting as hell at my 50% tax rate to be perhaps "stupid" (damn the 2013 kool-aid is like Malaria....can come back in Newbie dumb purchases at any time.... with the same strengh of 2013 Kool-Aid years later! Ack!) anyway, just a clarification on my views on how sketchy this may be...on the consideration of doubling down and getting batch 2 stuff when batch 1 stuff is still in the wind! |
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What about that line on top, jojo? We are making higher highs and higher lows in the pennant. We are fine. Are we in a period of correction and consolidation? Absolutely. I fully expect to have to redraw that upper line higher, guessing next high 17500-18000ish but who knows. Got it thanks! I can pretend it is forming a huge bullish pennant then true...most of my crypto life is based on hoping and trending upwards (fairy dust/rainbows/unicorns/ponies/rainbows) (hey, its a hobby....look at the BTC price 19 times a day!) |
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Can anyone post here on IF/WHEN/EVER Bitcoin Core is going to release Lightning? I mean is it even going to provide a scaling solution in any meaningful time frame
or does Bitcoin Core not give a damn? The lack of information and concern, and their need to go at a snails pace, seems to me a poor way to move your vision...
but hey, I'm not a bitcoin millionaire coder....anyway, annoyed at this 'let them eat cake' attitude and we will get to it when we get to it mindset.
others? or is this just a slow stall and nothing of note is going to come from lightning?
Again, damn dumb way to promote your vision....deafening silence....
brad
feel free to take the poll
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Finally one machine in the hands of the professionals, enough of this kiddie promises from noob members. Can't wait to see what they have to say. Well, they said they 'purchased one' now to see IF it arrives....I would like to be wrong on this...we will see. I'm a bit unclear...though did they get one that is going to arrive in APRIL? If so this could still end badly I guess...but clarification if they are getting their unit sooner for demo. |
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First of all. Prohashing is legit and works well. I have a d3 x11 miner. I was wondering if you will be supporting the new b2x coin possibly in the future
Sure it is legit...most of the sites like www.litecoinpool.org are also legit. But by Prohashing requiring 1099's now....(even thou I'm legal as heck, and in no way am a contractor or employed by them) that means that the IRS will do the same thing they did when coinbase came to the forefront and was legit they will go after all the users and passwords for prohashing and, imho, send out a mass 'source of funds' letter to everyone in other words, you prove you are not hiding from the tax man..which sucks..I had the same thing happen with me with the SEC in 2013 when my deluded bank said I was illegal, because all of BTC was illegal right? Fun times. Thus went back to litecoinpool not worth the hassle and if the IRS asks for data from prohashing they will deliver it..they already said they are making everyone do a 1099 because they don't trust their USA citizens to report their taxes...even if legal like I was the presumption is you are not...and it takes time to do this...thus I'm out of prohashing brad |
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Hello guys, can anybody calculate/estimate what difficulty will be for Decreed and Sia coins after the first batch starts mining, with these figures of the sold miners?
SC1: 3600 units
DCR1: 3000 units
All, I have on my 'dubious' use of crypto to buy miners from 2017...is on the OLD 1st batch calculator it was 750,000 coin for 5 obelisks I have, per month. Also, with the release of ASIC miners, they expected the amount of Siacoin to exist in the world to increase by 25% each month thereafter... anyway, that info is no longer around from what I can tell ..nor the calculator for Siacoin estimated profits unsure, if this helps, all I have to go on is above |
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A newbie account contacted me about getting 1,000 miners plus from someone BESIDES Bitmain...which I thought MAYBE proved they were NOT precisely a scam, or at least approaching me from a different direction.....for phishing.. unclear on the flavor of ASIC they were pursuing....sha-256/scrypt-pow or x11 (which I told them to stay away from IMHO) Anyway, essentially, I know of NONE in the way of ASIC miners, that I could get 1,000 units from with any hope ...Baikal is too high priced and would blow up on the attempt of 1,000 orders....pandaminer same, pinidea nope....prices would kill even if they could do the volume IMHO Unless I'm mistaken, assuming legitness of them from brief pm ..they are SOL..there is NO one anymore with the capacity I know of to get them 1,000 units of anything (which again I think is likely fishing me...but what the heck) ..even if it is by around April 2018. anyway, what struck me was the number 1,000 and how completely Bitmain owns ASIC mining now .......if they are legit again they are SOL and I kinda (nicely) informed them of such Anyway, an interesting thought on HOW such a thing could even be done, w/o Bitmain units now... my conclusion was NOPE! |
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you have a trusted source for a segwit paper wallet? I googled some..but no way to tell the legit from the iffy...anyone have a legit link that we can 'vet" here?
I believe this to be sufficiently safe: https://github.com/coinables/segwitaddress. There's a website, but it's best for you to copy this offline and follow it. I can't guarantee anything though.
There's no paper wallet generator that I'm aware of, but you can combine it with something like this if you want aesthetics: https://bitcoinpaperwallet.com/bitcoinpaperwallet/generate-wallet.html#. If not, I recommend the following: a) Fork the tool. b) Download a QR code generator/creator (if you need this / it is usually part of a paper wallet creator). c) Place both on a offline machine, freshly formatted and never used. Do the magic there. Print. Kill printer. Kill machine. I have a Trezor coming on Tuesday..but what the heck ...will be good to know such a link for a segwit paper wallet version
This will make your life so much easier and it isn't vulnerable as computers are (see recent Intel exploits). ok.....this explains why so-called segwit paper wallet links looked so sketchy....I'll just muddle thru till Tuesday and if segwit is the NORM on addresses from now on I will simply toss in Trezor's into the safety deposit box as my new HODL method...onward and upward! |
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I'm back on your pool exclusively as my main pool....
sorry pooler, my asic's slept around with other sites....Prohashing, etc
so I'm crawling back now.....I've been very, very bad....
looks like more than a few of us, have come back due to the LTC price rise...
of course, we really came back because we love you ...not for $$ of course!
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you have a trusted source for a segwit paper wallet? I googled some..but no way to tell the legit from the iffy...anyone have a legit link that we can 'vet" here? I have a Trezor coming on Tuesday..but what the heck ...will be good to know such a link for a segwit paper wallet version edit p.s. I mined verge for 2 days for the heck of it ...and moved it to a verge paper wallet....just got done deleting the electrum -xvg wallet.. anyway for holding purposes....a paper wallet in a plastic sleeve in a waterpoof bag in a bank vault...well if that doesn't work for HODL'ing crypto...the asic gods hate me and I deserve to be smited.... |
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