Demand for BTC and price paid for the coin... If you thread water until they come you make money.
Yes, it is true. But it's been requiring almost a million dollars per day entering the bitcoin ecosystem just to maintain this $220~ value. I agree it has been working like this so far. But if the money stopped entering the system, the value of bitcoins would actually drop continually until the value was worth closer and closer to $0 because all the money went out toward electricity bills. (again this is hypothetically if no new money was entering the bitcoin ecosystem). Now contrast that to gold and if no new money was entering the gold ecosystem, does the value of gold go lower? No, it stays the same without some kind of daily cash inflow just to keep it at the same value.So it seems bitcoin has an upkeep cost and gold does not, when it comes to maintaining the value the same. And if that upkeep cost isn't paid (in bitcoin's case) then you get a gradually eroding price. And let it be known I own bitcoin and am a complete supporter. But I like to play devil's advocate when trying to understand something, and especially something as dear to me as bitcoin is. well this is an interesting analogy. gold = btc is part true . but I can't send a piece of gold from Howell ,NJ, USA to Los Angles ,CA,USA for next to nothing. So if you need the gold for a physical reason it transports at a very high cost. Ie If I send 4 oz of gold to Los Angles CA I need to send it registered US Mail to send it safely cost is about 18 + 18 +6 = 42 usd I would be lucky to get it to the buyer in 2 days and 42/5000 = 0.84% delivery cost If I send 20 btc to him cost is 0.0001 to 0.0005 for under 2 hours time. So I guess there are differences in the analogy. To me I dont see enough consumer demand for BTC as the biggest problem. A consumer gets so much more using a cc that BTC loses to that person. I almost never buy anything with BTC other then mining gear. This leaves speculator's Investers People that want to run out of one country to another without any clue to authorities that a stash of btc is waiting for them. I feel this set of factors will never let btc grow to 2k or 3k in price. |
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Hello guys, I'm new to bitcoin mining, i have been cloud mining from 6 month but i wonder why i don't start mining with my own ANTminer or mining Asic and i buy start mining, but the problem is it too late? , like am scared to buy some asic that goes 1325 GH/s i know it do nothing but for the futur, but the problem is it worth it right now? , also i want to ask about there is any chance bitcoin price will get back too 1000 $ per 1BTC? and sorry about my english thank u.  your question does not provide us the information we need to answer you. A) your power cost B) your internet cost C) what country do you live in D) do you own a good power supply E) do you not mind a very loud antminer s-5 F) would you put in 20 dollars in mods to make it less noisy? |
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A sad day in the mining world.
Starting to miss GPU mining where everyone could participate fairly and easily.
Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact. Isn't it time we all moved on ? to what do we move dark-dash coins? |
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Gridseeds were gimmicky but sold like hotcakes and they're scrypt machines were solid but pricey.
They made a fortune off of them and the blades. I still can remember some amazing setups with ton's of those circle gridseeds. Was pretty amazing to see. I still have hope for Sfards but I don't thing the product is on a rush to make it. Why we an guess but no one really knows. Well it doesn't need to rush now does it? Mining isn't changing at the speed it was once before. If you read what I said I don't think they are on a rush. With btc prices I'm guessing they are trying to do R/D as cheap as possible. And in the end get as much profit as possible. But it's sad they started out so good, looked promising about being open. Now we hear nothing. Yeah I wish we had a bit more information on what was going on. prices are poor so A) they are waiting to build B) they built and are mining hoping to get some money back before they sell it C) an unknown Pick your choice. It is not that complicated. This is what most of us long term miners are thinking. I will buy 1 or two and hope for prices to jump. I hope the day I get it prices jump and this gear doubles in price. I will mine for a while then sell it. |
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I believe this is up to date. http://btc.blockr.io/charts145 Apr 19th half old adjustment 155 Apr 20th + 12 157 Apr 21st + 25 149 Apr 22nd + 30 131 Apr 23rd + 17 blocks is real time number 124 Apr 24th - 3 blocks is a real time number at the end of the 24th 159 Apr 25th + 22 blocks 151 Apr 26th + 29 blocks 135 Apr 27th + 20 blocks 150 Apr 28th +26 blocks we made 1368 blocks so far 'real' time adjustment rate is : (+1.93%)bitcoinwisdom is: (-0.97%)coinbase price is 224usd Bitwisdom showing down even more now : Bitcoin Difficulty: 47,610,564,513 Estimated Next Difficulty: 46,991,591,586 (-1.30%) Adjust time: After 627 Blocks, About 4.4 days Would be nice to have two negatives in a row, but i don't think we will get that lucky. I hope I'm wrong though. As of last nite we were 26 blocks in the plus , but we have some under numbers today , so negative is possible. My guess would be +1 % TO +2 % is most likely. +26 or - 26 blocks when compared to 1400 blocks made show very little action one way or the other.. 2 days at 130 would get us to negative we did do 131 and 124 on Apr 23rd & 24th. I think most of the mining world it threading water waiting to see what happens next. We miners are very much at the mercy of coin price. Why expand when coins are cheap. 14 million coins = about 3.5 billion usd may 2015 10 million coins = about 10 billion usd dec 2013 the above = slow diff |
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FTFY Tupsu Just kidding... I am sure if you have the money you can get some ASIC's. A lot of money.  Yeah we will need bitmaintech to sell to the general public. If we want to mine in house. |
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Is 120 bad for the chips? I thought they throttle themselves to stay under 125 to prevent damage? Of course generally speaking chips last longer if they are run cooler but I thought <125 is still within spec, correct me if I am wrong.
you are wrong.. the miner will die faster. If you read all the sp20 info. 2 things kill them a shitty psu running them past 1500gh without really good cooling. ----------costs too much power and noisy as fuck. even the techs from sp-tech mention 115C as the ideal max temp in more then one post. Also I did a failure thread asking for people's fried gear info. Did not get a lot of replies (my guess is people don't like to say they pushed it too much) . The replies on the sp20 for failed machines were over 1500gh note only 2 or 3 answered for sp20's but they were over 1500gh. This gear really should have been listed at 1500gh over that and your warranty is void. also on the power use end 1350gh = 800 watts 1500 gh = 1000 watts 1600gh = 1220 watts |
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Rabinovitch, thanks for the infors. Yes, im using size 8.8mm x 8.8mm heatsink, and Arctic 3M8810 (double side cooling thermal paste stickers), the material will be arrive next week. I think you're right at A place, I will test it next week.
I will do report on that.
philipma1957, im doing real heatsink cool down, i dont want to cheat the sensor, hehehe. Im from malaysia, It's real important to keep the temperature to keep as low as possible. Even now i have 24 hour 9000 BTU aircon running, yet, the temperature moving around 60/65 - 65/70 MAX.
add a pull fan then lower the freq and hash at 900gh or 800 gh problem solved. Aside from your heat issue what is your power cost? |
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Demand for BTC and price paid for the coin is what matters. The price is based on demand for the coin not cost to mine it.
Mining is always been tight and profit margins small most of the time. I hit 2 runups the March- April of 2013 and the October-December runup of 2013 I have been mining since July 2012.
That is just under 35 months so for 5 months out of 35 margins were loose and easy for 30 months tight and difficult.
Miners live for the runups. If you thread water until they come you make money.
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If only they weren't louder than vacuum cleaners...
The s-5 mods well for about 20 bucks. a pair of delta fans in a push pull will drop sound from 75db to 55db so you can run 1150gh for 410 with shipping. using .51 watts a gh |
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Yeah, the sad thing miners will pay for it , cuz those who do are addicted and dumb..
OR have limited rack space, VERY cheap power and are somewhat lazy. then buy sp3x! not bitmain! only can get them (sp30-31) used. There is not much gear around new. Bitmaintech s-5, s-4+ Avalon 4.1 all of the above are costly . S-5 is actually the best deal if sound is not important and price rules all. And if silence is golden the avalon 4.1 is best. My power jumps to 17-18 cents In about 30-40 days. None of the above are worth buying at my power cost. I am waiting on a few USB sticks from gekkoscience and may mine with them in the summer. |
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who cares. even if he is, he won't admit it. people here have too much free time. what i am interested in is that the developers bring bitcoin to the next level.
What is the next level for bitcoin? I am curious ? Would it be made better for buyers using BTC? How do you think we can upgrade coins so that the public uses them and wants them thus driving the price of them higher. |
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I believe this is up to date. http://btc.blockr.io/charts145 Apr 19th half old adjustment 155 Apr 20th + 12 157 Apr 21st + 25 149 Apr 22nd + 30 131 Apr 23rd + 17 blocks is real time number 124 Apr 24th - 3 blocks is a real time number at the end of the 24th 159 Apr 25th + 22 blocks 151 Apr 26th + 29 blocks 135 Apr 27th + 20 blocks 150 Apr 28th +26 blocks we made 1368 blocks so far 'real' time adjustment rate is : (+1.93%)bitcoinwisdom is: (-0.97%)coinbase price is 224usd |
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???want to undermine luxcoin please please let link CPU x11 miner settings with stratum + tcp: //stratum1.suchpool.pw: 3315 -u ser.x -px
@ op this needs to move to alt coins. ask the mods to move it. |
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Hello,
I really want start mining, but I know actually it's not profitable and most of the time it's a waste of money.
So I wanted to kknow if you think that the mining will be profitable again ?
If not, why there is still so much miner ?
i don't think it will profitable any more, it is profitable only for old miners who already got their investment returned for mining hardware and now they are only mining at cost of electricity while new miner has to earn for electricity and hardware investment There are ways to make money at this without owning anything more then a pc.. Proper spot rentals will earn you money. So to the op mining via rental is profitable today if you know when to rent and wait for the right prices. |
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2.6.14
Uptime:2399 | FPGA ver:100 | BIST in 144
-----BOARD-0-----
PSU[UNKNOWN]: 0->(266w/266w)[266 266 266] (->266w[266 266 266]) (lim=280) 0c 407GH cooling:0/0xc8
-----BOARD-1-----
PSU[UNKNOWN]: 0->(258w/258w)[258 258 258] (->258w[258 258 258]) (lim=280) 0c 399GH cooling:0/0xc8
-----BOARD-2-----
PSU[UNKNOWN]: 0->(269w/269w)[269 269 269] (->269w[269 269 269]) (lim=280) 0c 409GH cooling:0/0xc8
-----BOARD-3-----
PSU[UNKNOWN]: 0->(249w/249w)[249 249 249] (->249w[249 249 249]) (lim=280) 0c 391GH cooling:0/0xc8
LOOP[0] ON TO:0 (w:227)
0: DC2DC/1/:[vlt1:734 vlt2:738(DCl:794 Tl:794 Ul:738) 105W 143A 53c] ASIC:[ 85c (125c) 1030hz(BL:1030) 111 (E:193) F:0 L:0]
1: DC2DC/1/:[vlt1:730 vlt2:738(DCl:794 Tl:794 Ul:738) 110W 149A 77c] ASIC:[ 85c (125c) 1080hz(BL:1080) 116 (E:193) F:0 L:0]
LOOP[1] ON TO:0 (w:216)
2: DC2DC/1/:[vlt1:734 vlt2:738(DCl:794 Tl:794 Ul:738) 111W 150A 83c] ASIC:[105c (125c) 1070hz(BL:1070) 110 (E:193) F:0 L:0]
3: DC2DC/1/:[vlt1:714 vlt2:719(DCl:794 Tl:719 Ul:738) 98W 136A 85c] ASIC:[120c (125c) 1000hz(BL:1000) 106 (E:193) F:0 L:0]
LOOP[2] ON TO:0 (w:229)
4: DC2DC/1/:[vlt1:734 vlt2:738(DCl:794 Tl:794 Ul:738) 108W 146A 55c] ASIC:[ 85c (125c) 1050hz(BL:1050) 117 (E:193) F:0 L:0]
5: DC2DC/1/:[vlt1:734 vlt2:738(DCl:794 Tl:794 Ul:738) 110W 149A 73c] ASIC:[ 85c (125c) 1070hz(BL:1070) 112 (E:193) F:0 L:0]
LOOP[3] ON TO:0 (w:190)
6: DC2DC/1/:[vlt1:722 vlt2:727(DCl:794 Tl:727 Ul:738) 99W 136A 78c] ASIC:[120c (125c) 980hz(BL: 980) 97 (E:193) F:0 L:0]
7: DC2DC/1/:[vlt1:703 vlt2:709(DCl:794 Tl:709 Ul:738) 102W 144A 92c] ASIC:[120c (125c) 1050hz(BL:1050) 93 (E:193) F:0 L:0]
[H:HW:1607Gh (500),DC-W:845,L:0,A:8,MMtmp:0 TMP:(15/15)=>=>=>(66/66 , 69/69)]
Pushed 11 jobs , in HW queue 4 jobs (sw:0, hw:0)!
min:55 wins:862[this/last min:24/20] bist-fail:248, hw-err:0
leading-zeroes:42 idle promils[s/m]:0/0, rate:1398gh/s asic-count:328 (wins:9+15)
wall watts:1143
Fan:90, conseq:200
AC2DC BAD: 0 0
R/NR: 1607/0
RTF asics: 0
FET: 0:9 1:9
0 restarted 0 reset 0 reset2 0 fake_wins
0 stuck_bist 0 low_power 0 stuck_pll 0 runtime_dsble
0 purge_queue 0 read_timeouts 0 dc2dc_i2c 0 read_tmout2 0 read_crptn
0 purge_queue3 0 bad_idle
0 err_murata
Adapter queues: rsp=1, req=24
you are running it too fast see the 3 in bold at 120c = bad lower the settings. also this miner sucks power like mad at the speed you are doing. drop the miner down to 1350gh if your power is not free if your power is free try to get it to run at 1475-1525gh |
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My next rig has to be Spondoolies.
Used? Or are you seriously looking to be a B2B customer and their newer offerings? I was thinking used product as well as new. However, after looking at the SP-T announcement today, that sure adds a big wrinkle to BTC things. where to look for the sp-t announcement? link please |
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A picture of your upcoming products surely would do some good right about now.
They sign in a lot on their username. But all news seems pretty quiet. I would love to know specs or see pictures. It maybe at these low (imho) BTC and LTC prices they are simply not ready to jump in the pool yet..not worth it....especially if they plan to use the miners to mine their own farm...it just may not be worth doing yet at the current prices for BTC and alts (heck I'd stall too at these prices especially if I had investors) not that I know zip...just saying we are hearing nothing from anyone on new equip and that includes KNC's private chip 16nm taped out feb 2nd supposedly...me thinks a lot of folk may have some stuff ready to at least kinda sorta 'pop' but are sitting on their hands seems prudent imho Well if you build asics and you see how the alt coin market was crushed last year by a flood of cheap mining gear you would be very likely to just mine some of you gear for 2 months in a place like Washington State (5 cent power) I suspect more then one company has figured to add some gear and mine it till it pays itself off. Watching for not overgrowing the market. Ie add 1-5 ph not 100 ph |
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Bicks idea of having the unified review in the support section has a lot of merit. My unofficial guide spondoolies sp20 thread is pretty much now a support thread. https://bitcointalk.org/index.php?topic=872014.0Since I sold off all the sp20's I had I don't post as much in it, but I check on it. It has a life of its own right now and is up to 56 pages. I self modded it and deleted 1 post more for cleanup then bad content. Although the last 2 pages now look like I may have to step in and attempt to clean up the postings. |
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