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3701  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 07, 2017, 12:00:08 PM
https://medium.com/@jimmysong/segwit2x-game-theory-scenarios-part-1-7f863904a72
Jimmy gives a balanced-ish view

My tl;dr - scammers Mike Belshe, Brian Armstrong and Barry Silbert are gonna need a bigger float.

There is no way that this round of attacks has enough dollars or secret, reserved hashpower behind it.



I'm not looking forward to this. Without a surefire plan to capitalize on these fork coins, short term seems doomish.


I myself never time this stuff correctly, I just HODL

I think there will be FUD and a 1/3 correction, like other waves in BTC's past, this due to the Segwit2x+2mb attempted fork...it will likely survive as an ALT.....muddy'ing the waters with 3 now flavors of BTC claiming they are "the one"

thus usual....pump it up....then pump up the FUD ..drive it down and buy at the bottom

So will let the present hoard ride..since 2013 onward, .and if I am (unfortunately correct about the above) buy when it dumps 1/3 in price, as it has in the past before the next "go around"

to yet another future All-Time High...

rinse/wash/repeat

(how the btc whales splash in the crypto ocean..pump/fud/buy)

3702  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 07, 2017, 11:54:23 AM
difficulty wont go more then 50 mil so it will be 3.5 usd day without electricity Cheesy at least i will be making that amount Smiley free electricity for me

but other folks who have to pay for electricity they will be screwed some even wont get any revenue

It will mathematically impossible for the Dash network to reach "50 M ". At some point waaaay south of that difficulty, a LOT of people that over paid for D3 Servers and are overpaying for Kwh, will be forced off the network because they will be mining at a loss. It's a game of attrition now. The same has happened in BTC and will happen in ALL crypto POW protocols. It's the nature of the beast. Man this hysteria is getting.....well......Hysterical.

Difficulty now is 51.9M  Cry

What can you say now?  Wink

AS illogical as it may seem...I'm looking to use my D3 'space heaters' to mine 'dubious' x11 coins on a hopeful pump

and boy....I"d get LOTS for my electric use...whew boy...

(I am regressing to my newbie youth of 2013....but give me an x11 coin everyone else will pile into ....besides dash...and I'll give it a shot just to relive my newbie crypto days)

by god ...I bought a 'space heater' by god I'm gonna use the space heater and write off electric use as such!

(damn, I've become this guy)




Damn it! Point Taken!

any new coin under x11 will see a big jump in hashrate. Not entirely sure if this will help or bury a coin
Will HELIUM collapsed ?



No Idea...but just for giggles I will help the rest of your drive it into worthlessness ...just to have something to do with my D3's
3703  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 07, 2017, 11:45:07 AM
difficulty wont go more then 50 mil so it will be 3.5 usd day without electricity Cheesy at least i will be making that amount Smiley free electricity for me

but other folks who have to pay for electricity they will be screwed some even wont get any revenue

It will mathematically impossible for the Dash network to reach "50 M ". At some point waaaay south of that difficulty, a LOT of people that over paid for D3 Servers and are overpaying for Kwh, will be forced off the network because they will be mining at a loss. It's a game of attrition now. The same has happened in BTC and will happen in ALL crypto POW protocols. It's the nature of the beast. Man this hysteria is getting.....well......Hysterical.

Difficulty now is 51.9M  Cry

What can you say now?  Wink

AS illogical as it may seem...I'm looking to use my D3 'space heaters' to mine 'dubious' x11 coins on a hopeful pump

I just need everyone to make a decison on what dubious x11 coin we can pump in my deluded attempt to get this space heater to mine something as dubious as itself!

and boy....I"d get LOTS for my electric use...whew boy...not worth a damn...but LOTS!

(I am regressing to my newbie youth of 2013....but give me an x11 coin everyone else will pile into ....besides dash...and I'll give it a shot just to relive my newbie crypto days)

by god ...I bought a 'space heater' by god I'm gonna use the space heater and write off electric use as such!

(damn, I've become this guy)




Damn it! Point Taken! Full speed ahead!
3704  Alternate cryptocurrencies / Altcoin Discussion / Re: In Bitconnect we trust! $2.8million in investment, 29000 USD daily.. on: November 07, 2017, 11:38:55 AM
The amount of people falling for this ponzi scheme is sad Sad


IF the folks involved really are from Russia..they are frigging golden......no way would Putin extradite them to USA or elsewhere...the perfect place to
try to run up a scam coin...at this point of time in the world, imho

3705  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 07, 2017, 11:36:54 AM
I'm bullish for long term BTC, and will only support the original Core Chain, but the times are very uncertain and locking in some profits now is probably a wise move, (TBH I've already completed a sell, as I don't want to get caught in a rush for the door).
Im  still weighing these options, not decided yet:

1] to sell BTC now, in case bitcoin+b2x will go down, and after the fork both BTC+b2x will not add up to current price-so it would be cheaper to buy them after that
2]keep my BTC until I get b2x forked coins and then try to dump both as fast as possible, and wait. - the risk is it can drop down much faster before I'll be able to sell.
3] do nothing and keep both BTC and b2x indefinitely, hoping for the best. but i don't want to support any rogue fork or bitcoin takeover attempt.- therefore i would rather be out of BTC completely than hold b2x.

4] get out of all cryptos to fiat temporarily and wait for the dust to settle. (there is a chance alts will go deep down after BTC fork as well as bitcoin.) and reload later.

5] hedge with some alts (diversification) - may be risky as well. Some altcoins may pump hard though

--- aditional possible options:
*short BTC - but it would be against my "no BTC shorting" rule #1 of trading
*spend some bitcoin for hardware and stuff, before it (possibly) drops.

atm I still think we may see another ATH before fork, as people will panic buy, so they can get free b2x forked coins. ( hedging against the the takeover/death of BTC)





The original chain Will survive
The original chain is Just under attack Thats all
To get more free coins
If  SegwitX2 has more hashrate iT doenst mean that Will survive

still, think it is a plot so slam the price down to like 3k a bitcoin...even if these forks fail...likely price will reflect cheap coin as the fallback option if they can't win the chain from bitcoin core
3706  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 07, 2017, 10:51:21 AM
This D3 reminds me of the Antminer S2, S3 and the Terraminer from 2014.

Except this D3 seems like its worse.

Could you please tell more about that , what happened at 2014 ?

Well as one example ..knc made Neptune sha-256 bitmain machines...took crypto/cash 10 months or so in advance...then took the pre-order $$$
and filled thier data halls up with equip...driving up difficulty to the point of when the Neptunes shipped about 7 months late .....they lasted about
4-5 months and maybe got 1/4 of their ROI back

further folk who sued them under Swedish law LOST. Seems in Sweden, businesses are not covered by EU consumer protection...KNC got the courts to agree
caused they mined crypto...they could ONLY be business equipment .(even though they did not advertise as such) and WON

furhter more if you lose under Swedish court..you lost the 1.5k each unit to file with the lawyers and you had to pay I think up to 2k to KNC for damages too boot

there are about 9 other instances of these kinda games where the corporation went bankrupt or something and walked with all the crypto..common as hell

BFL/GAW miners/Alpha-Tech come to mind...all persons involved walked with crypto....the corporation took the hit if bankrupt or law enforcement

don't think the rules have changed all that much...we could be in for another cycle of this kinda thing perhaps...er wait...no other crypto mnfg's of any note but

bitmain...er never mind..only bitmain's tune now can be played

3707  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: November 07, 2017, 10:42:09 AM
New batch avalaible... bye-bye ROI...

yeah..my plan on mining like hell and hoarding LTC with my ROI'd equip till May 1st...seems like the way to go ...( a dubious plan..but a plan)

they just are not frigging gonna stop.....the toaster train will continue by bitmain

and of course, if LTC price was to jump to $100 bucks ..they would suddenly again, IMHO, have 'firmware issues' mysteriously (like last time may 2017)
when the firmware  fixed supposed machines arrive will show firmware 6 months previous as just dandy (as when fixed showed Jan firmware date on my machines)

I see no prudent angle on getting bitmain equip of any flavor..it has evolved beyond rigged...and hell I can use the equip deductions too boot...still won't float....

If your view is that LTC is gonna pump to $100 bucks...just mine with what you got till the diff kills them  or buy LTC .... why get dubious toaster level dumps of bitmain equip from now

till may 1st say 2018 ..with corresponding dumps in price ...just to wiz in the bathtub and dilute your kool-aid crypto dreams

no competition means no angle I can play, esp with bitmain having 90% of all asic markets now....of any crypto flavor be it sha-256/scrypt-pow/and/or x11..and again....they can only it seems pump out units in mass every 2 weeks

the only way they know how to do this 'toasters'



3708  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: November 07, 2017, 04:03:14 AM
it is hard for folk to get their head around btc with its price etc per btc concept and the fact that it went from $750 to $7500 usd in 1 year

the main problem is ...they see it as a bubble like the internet dot com bubble

the difference is

the folk who made the protocol for the internet .the VALUE was NOT in the protocol of the internet...it was in the APPS and tools used on such with adoption

thus when you bet on the wrong software or tools or app's on such ...when the dot com bubble blew up..the value went with those things

with cyrypto and BTC as a protocol to move change....like the concept of borderless money and such

the value is NOT in the made applications or tools to define its use...the value CONTINUES TO ACCUMULATE in the protocol itself .ie the block chain

or price of BTC or whatever other crypto of choice...it can take a hit on a failed project..but with adoption and other projects ...thus not as risky imho

thus.....in crypto or bitcoin's case....the protocol is all and adoption...with tools apps etc running 2nd place as the money maker...the sum of all the apps

and adoption adds value to BTC and your crypto of choice.....the choice of applications/tools and such..those can fade and come back..as long as protocol

and adoption continue for work with BTC and crypto of choice...failure can still happen ..but less a bubble and more a rocket imho Smiley (biased)

or how my muddled brain looks at it

3709  Alternate cryptocurrencies / Altcoin Discussion / Re: In Bitconnect we trust! $2.8million in investment, 29000 USD daily.. on: November 07, 2017, 03:58:13 AM
All I know about bitconnect coin..is it shows up mining on the ALGO of Prohashing a LOT....probably 40% of mining profits come from that ONE coin for scrypt-pow.

I myself have all my mining capacity going to paid out in LTC as my bet to pump..eventually...if BTC can keep at least say 5k to 6k range if not more

thus no real skin in the bitconnect coin game but that

however, likely if it is a scam...prohashing and other pools are keeping the coin up .....if it is a scam...with how it is setup/promoted etc so yeah.....I can see

where holding the coin could be 'iffy as hell'

anyway, a consideration on why this coin's price is pumping .....it is at this point of time ..it seems very desirable to mine by various crypto pools algorithms

(the ways of future SkyNet crypto pools algorithms are mysterious to me ..in what they mine/pump/etc)



3710  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin from 11/1/17 to 5/1/18. What I'm betting on Price/Diff/Accumulation. on: November 07, 2017, 03:47:07 AM


Yeah ..again my premise...if BTC sticks at say over 6k to 7k or even as low as 5k....and LTC does not pump to at least $100 bucks (pessimistic) I have some doubts

about hardware asic mining of any flavor be it sha-256/scrypt-pow/or x11 ..at least at a level we small guys can buy and afford to run such equip at a profit

Historically, with BTC between 6K and 7k ...pessimistically we should be at least at 150 usd LTC if not 300 usd LTC

Thus my bet....440 to go to hit 1,000 LTC and holding on the above bet.....

I have an OK hoard of BTC so can't see putting all my current mining into that for a 30% to 40% correction like BTC has done in the past...it will come back but likely

outside of my (pessimistic) may 1st 2018 mining deadline to accumulate LTC

this my next hoard bet ( I also have other alts)

just looking at my best use of the next 6 months of mining and the assumption that bitmain will make all my scrypt pow by that time ...space heaters

thus my bet

others w/o other resources or hoards in cypto take this with a grain of salt

the safest mining now of any asic flavor imho due to price/difficulty/etc imho is

ATTIC MINING ...

1) clean out attic sell all junk on eBay...(in my case would be 5k of crap easy..)

2) put in BTC or other crypto and HODL

3) add floor in my case to attic and capet (2k) and paint etc pool table bar etc

4)Attic is now added rec room to house...value of house goes up 10k due to empty attic

5) all crypto tanks to tulips from your attic mining ...you still doubled your money Smiley

but really, it is a boring way to get $$$ you don't need to dump into crypto...what I would do BEFORE guessing on any home miners at this point

especially if you are at my 12c kWh rate...it just don't cut it anymore at that elec rate

and again, take my LTC bet with caution..I have mining and $$$ I can afford to lose on such a bet on this thread's premise...so be aware stacked deck

in my favor on this bet.....won't hurt *much* if I'm wrong

3711  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 07, 2017, 03:26:02 AM
@searing are you planning on getting the DCRD asic? from obelisk.tech?


Nope, I think I got took by the Sia coin folk. They promised their minerbox solution this last Summer ...no show

They said previously to this that coupons would apply to future Sia coin obelisk orders......(I have 5) now they

say only 1 coupon per unit ...I'm not getting another 5

They also will not allow a swap of a siacoin miner pre-ordered for this DCRD unit ........even thou same price

Lastly, they pop'd out this DCRD on like Nov 2nd or some such ...and will only allow it for pre-sale till Nov 24th

and are unclear WTF presale means...they still say they are gonna sell 4000 units of each

So out of my approx 12.5k invested...it is likely I will take a loss on these...with me looking at profit rate 50% to the  tax man, unless I found some equip to apply

that 50% too instead ...I'd pay either way...why not apply it to dubious equip at a 25% in real $$$ risk this year due to high tax on mining income? WTH?

this year..plus the 25% real $$ I can apply to equip deduction for taking all this equip off this year vs 5 years in not towards

taxes I KNOW I will have to pay anyway on top of that...

I'm down 25% (again in real $$ applied to taxes owed thisyear anyway) of this purchase price if the units never make 1c ..due to the above tricks..ie 25% risk over what I'd end up paying IRS w/no equp tricks

thus in real money applied....after taxes and all is said and done on the total $12,675.usd with shipping for the 5 sia obelisk units

I"m likely looking at a loss...if a complete loss (they don't ship) in real $$ of $3,162.50

Of course, I could get lucky and they could arrive and make enough on Sia coin and their ideas to get that 25% back

but I am dubious after the fact. They can't even get the calc on the www.obelisk.tech website correct

still shows a profit at old 100mh rate, not the supposed 300mh rate
 

I'm really out again $3,162.50 from my $12,650 investment...l

I took a shot and lost....this year I've been doing a lot of that ...... the same idea for the D3 ...out of 4k spent ...out 1k plus

the newbie getting equip under the above scenario it is 25% equip deduction off taxes due to IRS and the other 75% is all risk (because again newbie)

These are some of the reasons us 'old dogs' took a chance on the D3's and other dubious equip....we made so much $$$ on the 4.15 to 50 buck LTC rise

mining.....that is the circumstances this year...indeed likely a big result of why all ASIC's of any flavor are all off the shelf

but a new pup buying the stuff above like me ...2 D3's combined price of 4k plus and 12.65k for 5 obelisks...that would be dire indeed

The last point on the DCRD decred miner...my view is a mess of ASIC's hitting that coin will blow it up the same way the knc titan firmware patch

in 2014 allowed knc titans to mine scrypt-N instead of scrypt-pow coins too....blew up all-N coins to worthlessness in a month or so

too much hash ....too little $$$ and coin or protocol goes boom...this could be the case with Dcrd decred mineR and MAYBE x11 mining, both could go boom

pumping out ASIC toasters have consequences.....








@searing I love your comprehensive answer, you are right about obelisk not worth risking few $$ with them no track record so far... already got burn with D3s will take 3-5 months to recover from that gut punch. Thank you for your insight.


also remember...I LIKELY will still pull this out as EVEN...with above I have 25% risked...in that the solo 401k I can make will be maxed out etc.....at 50% tax liability till Jan 1st
and the 25% off taxes owed in real $$$ i can take off on the 5 year equip deduction in ONE year as part of USA stimulus.that allows this equip windfall in 1 year.....I might just pull this off ....recouping that potential 25% loss if the crap can mine something .....for the D3 and the obelisks (which the Obelisks I can count off equip deduction this year and need to badly..but won't add to tax burden till next year ...assuming they too are not a form of asci toaster like bitmain)

The regular guys that are ONLY going to get the 25% equip deduction and risked 75% of income to get the D3 or the Obelisks...that is gonna be devastating

so anyway, my bet was 1) pay tax man 50% off all and not get any equip of any dubious flavor D3 or Obelisk

or 2) risk a likely only 25% or maybe a bit  more LOSS on equip purchases...that I could lose above that 50% when all is said and done..shifting it to equip rather than just pay IRS etc

hard not to take that bet..(or so I console myself with...these toe toaster space heaters of 2 D3's I have...and dubious fairy dust/bfl/unicorn type vaporware from obelisk)

All will change back to reset on income after Jan 1st 2018 ..and we can do this whole merry go round of wtf to do via  buy cyrpto/what crypto/what equip/how to hold/etc)

Then you have after Jan 1st and it all starts up again

what to hold/what to pump/what to dump (it is all so frigging complicated......)

right now after all the above shenanigans..... I likely still will pay the IRS 3-5K ....it will be that close this year mining (assuming LTC stays flat till Jan)

fun times...be careful what you wish for.....when you say yippiee to 4.15 to 50 buck LTC and you have scrypt pow miners.....if it goes from $55 bucks now

to $150 or $300 next year...for say LTC..you guys with scrypt-pow miners could be singing this same tune in 2018 Smiley


To stay on topic of the D3 however...I got zip...

1) helium x11 coin ...everyone pumps it like the 2nd coming ..er maybe?

2) thats it...the other option is space heaters for cat

and to be completely 'unfair' meanwhile in 'evil ASIC miner land' the KNC titan scrypt pow machines, currently doing LTC  from 2014 ARE STILL MAKING MONEY (Titans are evil they are..I don't understand...their powerful voodoo to cheat death!)



3712  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 07, 2017, 02:54:06 AM
Hi.
Today I recieved information about my november batch was shipped, but package is only antminers without PSU's Sad Anyone had similiar issues?

Yep..the PSU's on the same order...folks seem to say are consistently 2-3 weeks later .....bitmain you have to 'love em' .... they just must

bounce out of bed every morning.....with 'evil glee' to start the day on how to muck us up......(glad someone is having a good time)

3713  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 06, 2017, 12:49:30 PM
We should probably all start spamming Bitmain with tickets for new firmware supporting the other X algos and hope this can be achieved with the current hardware ...

I sent it...I advice everyone to send complaints because they cannot abandon the buyers...the profit can go down, okay, but they cannot leave buyers who have spent $ 2,000 (with customs charge)

Also open a ticket...everyone...this D3 is a total failure


They don't care.....they won't reply....there is NO chance......it is how bitmain has always rolled.....hell when LTC price went from 4.15 to 20-30 bucks at the start

they literally took my eastshore orders out of the truck and back to the plant....so the eastshore rep said...eastshore lost at least a million on that stunt on the shipping dock

yanked back....

and they kept them for 6 weeks because of firmware errors, but really to stop seg witness on LTC and the firmware arrived dated Jan 2017! yeah right, filled the data halls they owned

again my point, not a chance in hell they will listen to anybody...

and if LTC price goes up to $100 bucks I"m sure there will be another 'firmware problem' as they stock up their data halls

again its how bitmain IS as a corporate  culture

3714  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 06, 2017, 07:44:42 AM
@searing are you planning on getting the DCRD asic? from obelisk.tech?


Nope, I think I got took by the Sia coin folk. They promised their minerbox solution this last Summer ...no show

They said previously to this that coupons would apply to future Sia coin obelisk orders......(I have 5) now they

say only 1 coupon per unit ...I'm not getting another 5

They also will not allow a swap of a siacoin miner pre-ordered for this DCRD unit ........even thou same price

Lastly, they pop'd out this DCRD on like Nov 2nd or some such ...and will only allow it for pre-sale till Nov 24th

and are unclear WTF presale means...they still say they are gonna sell 4000 units of each

So out of my approx 12.5k invested...it is likely I will take a loss on these...with me looking at profit rate 50% to the  tax man, unless I found some equip to apply

that 50% too instead ...I'd pay either way...why not apply it to dubious equip at a 25% in real $$$ risk this year due to high tax on mining income? WTH?

this year..plus the 25% real $$ I can apply to equip deduction for taking all this equip off this year vs 5 years in not towards

taxes I KNOW I will have to pay anyway on top of that...

I'm down 25% (again in real $$ applied to taxes owed thisyear anyway) of this purchase price if the units never make 1c ..due to the above tricks..ie 25% risk over what I'd end up paying IRS w/no equp tricks

thus in real money applied....after taxes and all is said and done on the total $12,675.usd with shipping for the 5 sia obelisk units

I"m likely looking at a loss...if a complete loss (they don't ship) in real $$ of $3,162.50

Of course, I could get lucky and they could arrive and make enough on Sia coin and their ideas to get that 25% back

but I am dubious after the fact. They can't even get the calc on the www.obelisk.tech website correct

still shows a profit at old 100mh rate, not the supposed 300mh rate
 

I'm really out again $3,162.50 from my $12,650 investment...l

I took a shot and lost....this year I've been doing a lot of that ...... the same idea for the D3 ...out of 4k spent ...out 1k plus

the newbie getting equip under the above scenario it is 25% equip deduction off taxes due to IRS and the other 75% is all risk (because again newbie)

These are some of the reasons us 'old dogs' took a chance on the D3's and other dubious equip....we made so much $$$ on the 4.15 to 50 buck LTC rise

mining.....that is the circumstances this year...indeed likely a big result of why all ASIC's of any flavor are all off the shelf

but a new pup buying the stuff above like me ...2 D3's combined price of 4k plus and 12.65k for 5 obelisks...that would be dire indeed

The last point on the DCRD decred miner...my view is a mess of ASIC's hitting that coin will blow it up the same way the knc titan firmware patch

in 2014 allowed knc titans to mine scrypt-N instead of scrypt-pow coins too....blew up all-N coins to worthlessness in a month or so

too much hash ....too little $$$ and coin or protocol goes boom...this could be the case with Dcrd decred mineR and MAYBE x11 mining, both could go boom

pumping out ASIC toasters have consequences.....






3715  Alternate cryptocurrencies / Mining (Altcoins) / Re: Obelisk tech to release Miner for Decred with the DCR1 on: November 06, 2017, 05:39:22 AM
I think the Sia calculator on www.obelisk.tech has not been updated to 300mh

it still shows only 1 unit making 150,000 coins a month...if I remember correctly

3716  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 06, 2017, 05:14:51 AM
difficulty wont go more then 50 mil so it will be 3.5 usd day without electricity
why do you think 50 mil is  aMAX ?

because of quantity they sold, and after last batch which was 1 month ago there was no other batch and it seems they won't sell anymore so far.

approximately 100k units was sold it will give around 45mil difficulty + other company miners that will give us 50 mil +- 2 mil

it doent make sense to produce additional units to sell, unless something changes in good way Cheesy

they made max quantity wish some profit possible and screwed other manufacturers

pretty sure release of D3 was aimed to kill competition

50 mil is max for now at least for 3-4 months


imho, they will sell more...they will simply dump the price down to say 900 bucks or some such...the bitmain toaster train will continue..again imho



Congratulation to all D3 owner, you now have a very expensive heater lol


true...my toes are toasty while the top half of me is crying ...........


edit:

Can the below calc really, really, be true?

https://www.cryptocompare.com/mining/calculator/dash?HashingPower=17.5&HashingUnit=GH%2Fs&PowerConsumption=950&CostPerkWh=0.12

Am I really only making $2.31 per day after electric?

This is a stock 17.5gh unit at 950 watts and 12c kWh at USD.

Alas, the ASIC gods are beyond cruel it seems...........


3717  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 05, 2017, 10:15:13 AM

I just MIGHT get 1/2 my money back at this rate.....(mining prohash to LTC on all) and bettting on LTC.......and IF LTC doubles...maybe I can then

ego salvage my purchases of these D3's

Damn, that is long odds...not counting electric and gonna be a dubious method of ego protection

i think better to bet on bitcoin in the long run. We all know BTC will steadily increase in price/ what we can't say about other coins. 

I agree..but BTC tends to have waves...where BTC goes up high and retracts (for a bit) 30% or more

I think BTC is going to hit 10k and then correct again 30% plus...before consoidating and moving on

IF i think LTC will increase in price by 2x or 3x in that same period and I'm mining 5 LTC a day...well...thus my bet

eventually, this LTC may move to BTC also...I'm just saying...I'd like to hit 1,000 LTC again (440 to go) by say May 2018

and damn would I be a happy camper if it went to 100/150 or hopefully 300 usd per LTC

(hey a guy can dream)

worse case...LTC tends to dump LESS as a % historically than when BTC corrects...so hell, I'd just hold it a bit longer for the next go around

or so it has seemed to me since 2013

3718  Alternate cryptocurrencies / Altcoin Discussion / Re: Have you dumped your BCC yet? on: November 05, 2017, 08:18:37 AM
Finally, I sold all that shit at the bottom yesterday...I understand it could work as a hedge against coming HF turmoils, but do not want to hold it anymore. Undecided


er...huh?

link please?

3719  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 on: November 05, 2017, 06:18:27 AM
You might as well go ahead and create a "petition" on change.org, I'm sure Bitmain folks will laugh their arses off just reading it.

Yes but would be really nice, imagine dedicated keccak with this thing.

Yeah would be great. Unfortunately our dreams don't count Smiley


no word on that x11 helium coin yet? probably won't make anything on that either but at least on a launch I could have LOTS...

(hey, lots of dubious coin crypto on a usb, takes up less room than hoarding cats...in my old age.....) Smiley



Searing, I think they are going to launch fairly soon. They're still working on the wallet and the network, but I don't expect it to take much longer. Maybe they'll release it in a few weeks. (I hope.) You deserve a god payday. It could fund some more projects for ya.


As I said, you can't always mine unicorn gold poop....I did great this year.....and again..if I mine the x11 to LTC (and hopefully LTC doubles) and count my Baikal 300mh cube (made like
1.5k on that) and this 2nd D3 arriving this week...well...I MIGHT break even on equipment (man what a sorry hope) but that would be w/o electric included and my equip depreciation etc to the tax man tossed in..this would be lumping all my x11 profits for the year together..again be very, very lucky to get ROI (w/o electric that would be a loss)

re-read above the unicorn dreams a person will do ...for the sole sake of eqo protection

anyway, what I'm doing ..mining it on prohash with the rest of my scrypt pow miners to all to LTC...so LTC Is my bet...it better pop to 100 or 150 usd (it if pops to 150 I'm probably golden on the x11's (again w/o electric) quicker

but that is my bet....if, imho, LTC say can't get to $100 to $150 or hell $300 with BTC at $6k to $7k than imho, scrypt-pow mining in the future is dead and all new coin creation by hardware of ANY flavor x11, scrypt-pow, sha-256 will be replaced by a wave of BITCOIN FORKS of existing network as a replacement for such and/or now becoming outlawed ICO's no longer being in the running for fast/dirty wealth creation....I see the possibility of many, many dubious forks off of BTC ..not just main BTC but forks of forks and/or other cryptos

will be ugly imho..but I'm again above ...betting on LTC and current BTC price ...for LTC to do its historical 'catchup' kinda/sorta in price to BTC mainstay

we will see, my bet on all my dubious equipment (soon to be doorstop x11's, soon to be doorstop knc titans, a bit later but soon to be doorstops L3's)

you can review this post and my paranoid viewpoints above at a later date (or as I like to call my ramblings, crypto rationalizations of a desperate nature) Sad

3720  Alternate cryptocurrencies / Mining (Altcoins) / Re: Obelisk tech to release Miner for Decred with the DCR1 on: November 05, 2017, 06:04:27 AM


FYI..for those asking about swapping a current Sia coin pre-order for their DC-1 deca coin miner (same prices)

nope they won't do that (was trying to migrage my risk....likely a moot point)

anyway, FYI
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