Love the Avalon, really hope they can stay competitive with pricing. Seems like all resellers are still selling them at ridiculously dated prices of $1300-1400. Only our forum members like Philip / Kilo17 are doing members a favor in helping us get lower prices. Even then, the batch 10 S7 at $780 is the final nail in the coffin for Avalon, unless they can come out with a more efficient / powerful box or drop price to the 600-700 to stay competitive.
yeah we got out about 35 units at 1100 but the s-7 at 925 or so is tough. I no longer will buy from bitmaintech since they never gave me anything for my low hash s-7 from batch 1. I sold the unit with a 150 usd discount because ti won't hash above 4500. They gave under hashers about 67 or 70 usd for the batch 1. I made 7 more purchases asking for a coupon to make up for the low hasher they never answered me or gave me anything. So on Jan 31 they shoot me 9 coupons for .05 Which is okay but never addressed my underhashing gear. While they used to be good to me a year or so ago.. Right now they just ignore me . I am in a funny spot as I won't buy from bitmaintech anymore and the Avalon6's are a bit too high in price. Even if I got a really solid coupon from bitmaintech they no longer deserve my respect. Sad but true. Oh well. |
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prices are finally where they should've been last week
took a long time I put in a 40th at .0041 and I think I got fucked as someone just did a fixed for 1000th at .0053 |
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20% a year ago would have been a huge amount of new hardware, but 20% today?! I don't even know what to say, other than I do not see how the value of bitcoin and the halving can support this continued network growth.
When it comes down to it, after the halving, the continuing success of bitcoin is going to require one of the following two things (or a combination, I suppose) : A. Sellers of bitcoin covering hard fiat costs (that's the mega miners/manufacturers) must become unwilling to sell their mined bitcoin at the current price, lowering supply 2. More non-miners must be willing to buy bitcoin on the open market, raising demand Either way, the price of bitcoin must go up so the mega-miners will continue to do better than break even. If neither of those things happen, then the miner-manufacturers will necessarily have to scale back their operations - at least to the extent that their bitcoin reserves can support them - just to keep from folding, and the hashrate will drop (or, at minimum, flatline.) See: almost all of 2015 until the .25w asics were deployed at scale. In short, the market will stabilize as it grows, so don't panic, think long term, and as always, don't play with your mortgage money. This conversation happened before 4 years ago, and it will happen again 4 years from now. The difference today from 4 years ago is that we have some perspective from the first halving (the sheer panic of the unknown was palpable last time), and next time we'll have the perspective of two halvings to look back on. I am keeping the 4 avalon6's and mining them. I cashed some coins so that if coins crash I can buy them at a cheaper price. I kept some coins so that if coins go Higher I can cash them at a high price. |
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20% a year ago would have been a huge amount of new hardware, but 20% today?! I don't even know what to say, other than I do not see how the value of bitcoin and the halving can support this continued network growth.
Did you ever see an old nature show about lemmings jumping off cliffs? I am as bullish as the next guy about BTC but I do not see any sense to the growth of hash at this time. If It crashes today I would be at a 7k loss maybe a little more or less. I will mine and see what happens. |
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More than %20 diff rise, all small-and-average-miners will eventually bankrupt from this mining game.
It's only profitable if you sell mining devices, not if you use them.
This is exactly why i didnt buy s7.. I knew what was coming.. We didnt see any significant gains in difficulty when we went to s5 or .5 w/ghs.. so i knew something big was about to happen.. What i think will go down is the large farms in china only sell what they have to to keep the machines on.. Saving the rest.> If price doesnt go up or starts to drop they will just dump it.. As they can be profitable down to 80 $ or less.. Hell they will prolly mine at a loss just to push everyone out that built this from the ground up just to take it over.. Like ive said before its no wonder satoshi left.. Would love to see the conversation that he had with core devs upon his departure.. What was the real reasons???.. anyway i dont see a hashrate crash at all. since us little guys dont even make up 10 % of the network.. It will most likely be a price crash.. And soon i fear.. Dark days ahead for the earth and its inhabitants for months/years to come! Btc wont be immune to this! Best Regards d57heinz Man that is so very gloom and doom. I can give two shits about the world of btc in the sense it can bust And I will have had a lot fun not losing a lot of $. But Dark days ahead for the earth and its inhabitants is really hard to read. Don't forget Donald Trump will be the next prez he will build The USA a wall and make it great again! So how can dark days be ahead for us?  < heavy sarcasm |
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these numbers do not work the growth in gear is not sustainable with prices at 370 and transactions at 200,000 a day
This simply has to go bust. Or zoom. prices need to be at over 1000 usd for these current numbers to make any sense.
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shipping updates
1 unit Reship from me to herbpean arrives Thurs
2 units Reship from me to thesmokingman arrives today ----- note --1 paid in full-- I am waiting for the rest of coin for the other.
2 units Reship from me to jonnybravo0311 on hold I will ship it thur to arrive on fri
10 pack to sidehack arrives Thurs ---- note 1 for bctmke/philipma1957 I am waiting on coin for this one. 9 for borachinua
1 dropship to sloopy arrives Thurs
1 dropship to tlhIlwI arrives Fri
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I see a crash and a big one . Hashrate growth is simply far too high.
AS I type I just don't see much good news here. The network does 150 blocks with around .3 btc in fees per block So fee generation is about 4-6 btc a day. and of course the reward money.
Well the ½ ing comes and block reward drops to 12.5 fees are .3 we are going no where fast here.
Without sustained transaction growth we will die.
What kind of crash? Hashrate crash or Price crash? Hashrate is going to crash. As wild as it may sound the network was in good shape with coins at 230 diff at 55 hash at 407 back in sept. With the ½ing coins will be at 500 or so about 2x the sept 4 price which is break even and hashrate will be greater then 1300 with diff over 160 that is 3x worse then sept 2015 levels So some would think price will move to fix this I used to think it. Not so sure since for this game to stay and work transaction need big time growth. |
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I see a crash and a big one . Hashrate growth is simply far too high.
AS I type I just don't see much good news here. The network does 150 blocks with around .3 btc in fees per block So fee generation is about 4-6 btc a day. and of course the reward money.
Well the ½ ing comes and block reward drops to 12.5 fees are .3 we are going no where fast here.
Without sustained transaction growth we will die.
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Today finished at +24%. Nice!  I had a few words for it none of them were nice. But wow if we can raise it 25 percent during this difficulty does anyone else find that scary? That just scares me thinking about it even being possible. This one is going to hurt. Thinking of buying miners in the next 5 months is a crazy gambling move. The reference points won't be the same. A 4 TH/s miner will be considered like and S1 today. The new chips developped by Bitfury, Bitmain and others (yes, there are more) will mark new standards. As a miner, it's freaking me out. The only thing we can do is accept it. That's the evolution of mining. The problem that worries me the most is the disagreements in the community (that includes devs, merchants, miners, etc.) about several foundamental things (including scaling). That could have a devastating effect on BTC price and on us, miners. this mining in exahashes makes the whole POW scheme looking silly. Phil calculated it somewhere as a response to my post. Basically, it goes like this: 1024 PH/s are used to support just 200,000 transactions/day, which means 5.12TH/transaction a day. So, at least one S7 costing ~$1000 (average price over last 3-4 mo) or more is used to support ONE measly transaction a day. If this is not an overkill, then I don't know what is. So lets think positive and BTC is grossly under priced. 144 blocks need to do 10,000 transactions each this would justify the firepower we now have. So we will crash or take off really soon. 10,000 transactions per block if each fee were 0.0001 would be 1btc in fees per block 10,000 transactions per block if each fee were 0.00005 would be 0.5 btc in fees per block without transaction growth this is simply not going to work. I like you positive thinking and I agree that btc is underpriced, but we (miners) seem to have no control over this, apparently. interesting times...so we need transactions going exponential, but they are not (at least not yet). something is not working overall...maybe the populace is too skeptical of bitcoin. I am fine with that, but why the heck we build up so much hashing power basically in the absence of demand. recent increases are cringeworthy and smack of a lack of understanding how it might affect everyone. Maybe it is a play for power on Bitfury's/Bitmain's part and we just got to be on the receiving end of what is essentially amounts to a devastation. I still wonder if part of reason for under priced BTC is big operations dumping BTC for fiat and paying off new miners. I think someone is adding a lot of hash and likely is selling a ton of BTC to pay for the new gear. Which company or companies it is would be interesting to know and amounts. But I think big operations mining and needing fiat could be part of why btc is so under priced. And a lot of big operations are able to sell it at that and still make big profits so I guess more power to them. They are strip mining as fast and as hard as they can. They are also selling as much gear as possible. They see a ditch on the highway. The 1/2 ing. So they are figuring make every fucking penny they can before the coins rewards drop. I am willing to lose in a crash somewhat. But not more then 10k. My limit in btc is 10k spread around . I have 4400 in gear and 10 coins at the moment. If buy solar gets the 60kwatt array done I will add some more gear and run it with him.. |
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Let's hope for another block before midnight CST which is 1hr 30mins away. That will really make it an awesome awesome night. =)
I am glad you got your buddies to switch here. more the 750th and so far so good. |
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Today finished at +24%. Nice! I had a few words for it none of them were nice. But wow if we can raise it 25 percent during this difficulty does anyone else find that scary? That just scares me thinking about it even being possible. This one is going to hurt. Thinking of buying miners in the next 5 months is a crazy gambling move. The reference points won't be the same. A 4 TH/s miner will be considered like and S1 today. The new chips developped by Bitfury, Bitmain and others (yes, there are more) will mark new standards. As a miner, it's freaking me out. The only thing we can do is accept it. That's the evolution of mining. The problem that worries me the most is the disagreements in the community (that includes devs, merchants, miners, etc.) about several foundamental things (including scaling). That could have a devastating effect on BTC price and on us, miners. this mining in exahashes makes the whole POW scheme looking silly. Phil calculated it somewhere as a response to my post. Basically, it goes like this: 1024 PH/s are used to support just 200,000 transactions/day, which means 5.12TH/transaction a day. So, at least one S7 costing ~$1000 (average price over last 3-4 mo) or more is used to support ONE measly transaction a day. If this is not an overkill, then I don't know what is. So lets think positive and BTC is grossly under priced. 144 blocks need to do 10,000 transactions each this would justify the firepower we now have. So we will crash or take off really soon. 10,000 transactions per block if each fee were 0.0001 would be 1btc in fees per block 10,000 transactions per block if each fee were 0.00005 would be 0.5 btc in fees per block without transaction growth this is simply not going to work. |
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I have 1 ibm 2k running 4 hashing boards on one of my S5+s i am looking consolidate psu  the finksy/j4bberwock breakout boards are very good. either the dual 2000/4000 or the single 2980 not the 2880 with fan modes are really good. I did a thread on them. I am running avalon6's and very happy with either psu. but you must have 240 volts. Back to here time to hit some blocks! |
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i just tried to test the PSU
unpluged all PCI's then pluged it to power but the fan didn't run
is iit ok ? or the fan should start ?
that cable for your power cord is totally and completely not acceptable. 1.4mm is good .75mm is a fucking joke. FIRE FIRE FIRE!!!! can I make it any clearer then that? tell me your country and I will search a proper power cord for you. As dying for mining coins is not acceptable. DO NOT PLUG IT IN WAIT FOR A NEW CORD!!!!!!!! |
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Another day has passed and you have not paid me.
I have sent multiple pm's.
You have not answered me.
What is the problem?
Your payment has been sent thank for your patience really really appreciate it ! Regards, Bitcoin Boy. Funds have been paid thank you. |
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I think the cutest pick is skuser at +20.9% I thought of going high but decided it was too high, lets hope so? He should have gone with the 'The Price Is Right' strategy and said "What's the highest bid, Bob? 19.9? I'll go with 20.0" okay skuser 20.9 tried to do a smart pick. so I will top off at 21.9 above that it is a rollover. I do believe it is fair I also think he was very close to missing cutoff . |
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block we are kicking it baby! Bark at the moon! Zach email to text makes my phone sing! A beautiful sound! Maybe I should change it to a cash register tone or a howling wolf. https://www.youtube.com/watch?v=op7fRsvWowAholy mother of God! outstanding! bloooooooock party! okay rental block gain coin --------- Block 0.06285200-----396376 0.06861239 396360 0.07848785 396320 0.07566631 396318 0.07654349 396266 0.03971983 396089 prior to rental 0.01610621----395983 so the 6 blocks made with extra rental would have been 6 x 0.0165 = 0.099 with no rentals and that is a round up they were .4016 so .4016 - 0.099 = .3026 let me add rental money in: 0.15 +.12 = .27 so plus .03 for the rentals that are still on the 5n clock. |
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I'm waiting on sidehack's 2nd run so that I can add two more sticks to the single one that I have.
As usual thanks Phil for keeping this up!
Its fun, I have had trouble doing the rentals as some crazies are really over paying hash. Remember the promo for now is 1st block gets .1 btc extra and a compac stick I am trying to rent 5th from now till the 11th it drops out a lot http://solo.ckpool.org/workers/1JiWuyX94wrCr7JhkAn7x5qNMCEef1KhqX.Jan11philipma1957sticks |
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