I am also a bit confused with all the "Bitcoin is not stable enough to make earning them my full time job" comments. How do you go about earning BTC as a full time job? As far as i know, you can't just pick up a pick axe and start mining.

Over here i'm earning a fair bit from mining and even though its a more or less 24/7 maintenance thing, its hardly a full time job. And if i was willing to accept minimal loss to downtime from not being here in person to fix something when it break, i could still work 2 full time job and still earn nearly just as much with Bitcoin.

I found that pretty funny, since even though i understand the concept, the dollar isint really a physical/real currency anymore. Its just numbers in banks being artificially printed and distributed by the federal bank.

But in the same logic, its not possible for a government to just "print" BTC to their heart's content so it won't be seeing much government adoption in our current "democratic" government.

Its true that you could say that the profitability MIGHT remain stable with the S7, just not now. Maybe after a few months. There is a lot of hardware that's going to come online and kick off some miners off the network... but will still raise the difficulty considerably.

After that, with a smooth difficulty raise, it could be possible for the S7 to remain profitable for quite a while (not at .2 mind you) if the price of BTC keep up with the difficulty, then yes its possible...

...but this is pretty much gambling.

By conservative math, even an overall 2% raise in effective difficulty will mean it won't ROI before the halving, which means its hardly possible to ROI this S7 at all. At least, not without super cheap electricity.

The worse part is, their sales will be behind doors, so basically they could be announcing it just to "attack" the competition, notably Bitmain's S7. Meanwhile they possibly already have a buyer or are shipping them all to their own data center since that's some pretty efficient hardware right there.

Thats a pretty cool graph, but even if its accurate, thats nodes, not miners. Most miners do not really mine locally so the amount of nodes is not necessarily an indicator of how many miners/hashrate power the locale has.

Still show how centralized China's hashrate is, running on so few nodes.

Basically, OP should be doing this on a RasPI and the only reason to do this would probably be running a node or something.

So again, jackq, why are you trying to do all of this. Are you trying to just set up a wallet or you want to run a node? Because it doesn't really sound like you're trying to run a node 24/7, thus getting bitcoin core in your situation is probably not the way to go.

On my end, i am quite aware, i know someone in Brazil that been going through legalities for ages to get his inheritance and since then the US price has gone up and their's has gone down.

If he had been able to get it back then and converted it to US like he wanted, he would now have twice the money he would otherwise inherit now if he could get done with family bickering on the technical issues.

The leds? They're pretty cool during the day but in the night they flash up the whole living room by its lone self. The stable green led act like a small light source and then when the bluer one turn on its pretty bright like those dimmed light like you keep plugged at night to reach the bathroom safely.

I don't really mind because a bit of electric tape does the trick however.

Cheers. Let me/us know if you encounter more problems.

Meanwhile i'm itching to get a S7 myself but its pretty hard to put up so much capital up front when the difficulty going to be going much higher over the next several months.

I believe all that to be true, however, the hashrate that Americans connect to their node, and they do, is sadly running on pretty expensive electricity. Quite a few mentioned running their whole farm on 0.09 because "Thats a pretty good price". Seem a bit short sighted but i guess there's worse out there.

So if i end up with a miner with a bad controller board and i want to put 4PCBs on one controller, is there a way to run 4 PMW Fans on that one controller? I can only see 2. Would a Y splitter for 2 identical fan would work?

I might want to merge every 2 S5 i can get this way to use less controllers and keep them as backup and also for easier miner management. Basically i'd have half as many miners to manage.

Thats because, basing on the temp reported. One of your board is clearly not hashing. Your #1 should be at 60C~ according to the other 2 temps and its just sitting at 33C which is probably close to your ambient temp.

You're gonna have to make sure its properly connected and working. Mess around with it to determine whether its just not properly connected or if its dead and need RMA.

Really? Not sure what card you're basing this on but even the Bit-x one, loading is free. Its not even loading, it just use your BTC wallet balance. The catch is currency conversion rate, they keep 2.5-5%.

That i cannot argue, is too much. And the limit for anonymous is 300$. For a daily things, doing the grocery, buying small stuff, its perfectly sufficient.

But its true i don't do it that way, its still too expensive. Instead, now i just sell BTC and send the money to my bank account. I used to use Bylls.com to drop it in my credit card, but now Coin Base support Canada and its 1%+1$ but Coin Base price is 1.6% over BTC price. Meanwhile the transfer only take under 1 day.

Mhmm. The price here did raise marginally here so it was inaccurate of me to say they don't at all, but they have been simply keeping up with the inflation rate, so i have to say Hydro here is a very good source of cheap electricity and its the sole reason i'm doing so well with mining.

I mean even my S1 are still earning a bit of profit... But next difficulty increase or maybe two, they will not earn anything anymore over what i pay. =/

The 504 block is still at 440~ PH after a few days and with 4.2 days left, we're still looking at quite a bit higher than 2.6%~

With the long ROI, I guess the big winners in North America are the electric companies lol.

Hello again mindtrip, still have those S3's i see... Do you still have no plan to make a trip to Canada?
And the C1's would probably not have been too bad but i'm not too big on messing with water cooling.

It can't more money isin't going to make a block happen and make it included. Transactions are only confirmed after included in a block when a miner found it. As such 0.0005/kB would not be any less or faster than 1B/kB.

Thanks for your input. If everyone else with this problem share this information, maybe we'll be able to figure it out, but anyways, if its not beeping then i guess its not really a problem?

You will still be need to be online to download the blockchain. And then be online when you start it for it to go through the validation progress. It shouldn't take much power however, if 100w is a lot of money for you, i don't think crypto will work out for you anyways.

If you're just trying to do some transaction then get back offline, get a SPV wallet. Here;
https://bitcoin.org/en/choose-your-wallet

Basically its the method of verifying transaction. Miners have their ASIC find hashes at random that try to meet a certain requirement. When a block is found, transactions are included and thus confirmed + everything that was confirmed before, that is the blockchain. The miners get the fees as bonus included with the current 25BTC per blocks.

Check these videos too if you haven't;
https://www.youtube.com/watch?v=ZT26y_l-jtI
https://www.youtube.com/watch?v=Gc2en3nHxA4