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Been mining since 2013 and will hold my coins. I don't see where the futures will help us other than give us some more legitimatize from the main stream. We will see what happens as they start in 5 mins...
" You have nothing to fear but fear itself" FDR
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Sunday 12/10/2017 $14,563
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Saturday 12/9/2017 is $15,560.00
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Since learning about how the btc futures work, I am less bullish on the matter. They are cash settled meaning they are just bets and arent every settled against real bitcoins. Each owner has a brokerage account that is restricted to them that holds their bets. At the end of the trades the exchange uses bitcoin's price on real exchanges as an imaginary reference rate to settle the bets. Its like betting on horses. Those with losing bets pay those with winning bets - but never are real bitcoins actually touched - no clearinghouse is ever going to buy from bitstamp, etc. in relation to futures. I cant think of a way to arbitrage either, since futures cant be transferred away from their owner.
Futures are a trick and are not actually increasing the public's exposure to bitcoin at all.
Here is the potentially bearish take:
What is the limit on the futures? It has nothing to do with the amount of real bitcoins, since there is no settlement with real bitcoins. There could be billions of these futures. So essentially we have a limitless number of worthless imaginary coins being dumped to all wannabe bitcoin investors instead of them buying real bitcoins. Futures are keeping traders who were interested in buying real bitcoins on real exchanges, instead buying imaginary bitcoins on imaginary exchanges where they support the banks. It is effectively keeping them OUT of the bitcoin ecosystem right where the banks want them. Meanwhile our market cap of real bitcoins is not increasing at all. In fact we might even be having some of our traders SELLING and LEAVING so that they can trade on more reliable futures exchanges.
I agree it will pull new money away from buying bitcoin ... and feel there will be a ton of manipulation of Bitcoin pricing so the futures pay off for certain people. |
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Anyone else unable to login to their Antpool dashboard? I keep getting a "HTTP Status 403 - Ticket not recognized" error. Is the pool down right now?
I can log on to dashboard but does not show any earnings for last 20 hours so move the miner i had there as it shows the 3333 server dead now. crappy pool EDIT: 3333 is show alive now but never got any earnings from the 1 miner i had at the pool while it was mining there for yesterday. Also I have heard nothing back from my ticket i sent in. I am glad i was not the only one that didn't get paid but we will see what the pool does about it. |
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@ Bitmain
"Submit a Ticket/Leave a Message
The right Bitmain representative will respond shortly"
I hope so
blocks found last 18 hours have not been paid into earnings . my miners are properly connected. is this a normal situation? i am beginning to become concerned. i would
appreciate a prompt response.
my miners sub account is "oztusk"
18 blocks been found by antpool since that time.
497997 is the last block paid into my earnings.
looks like im overdue for switching pools anyway
Same here |
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does anybody else have their antminer s9 status connected to antpool, have status "Dead".. i have tried port 333,443 and 25. but they are all dead.. my mining to other pools with those ports are ok..
nope working fine |
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Bitman only accepted BCH to buy their mining pool. BCH will moon soon.  What? |
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There has been 3 pools mentioned here...just point one to each and make your own mind up. also at the very least you will have spread your hash rate and will have a better chance of seeing average return if you give it time.
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What is the best shipping method to USA?
UPS , DHL, or FedEx?
Already have one coming in from DHL. Thought I would experiment with the 2 other options? FedEx it asks for additional information tho, one or more of : EIN, import number, VAT, SSN.
Thoughts??
I always used UPS |
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Man, don't even get me started on Kano. The rudeness isn't an issue for me, I'm rude too. The deleting posts is regrettable but whatever, it's a self moderated thread, everyone should know it's an echo chamber the moment they see that.
The issue for me is Kano eating up peoples 'dust' from mining ramp up time and pretending it's a negligible amount. It's not. And even if it was, it's still other peoples money and he should pay it out to them. But if you ask him about it, even very politely, like you said, it's like a 12 y/o jumped on the keyboard and had a hissy fit as a response. "I'll pay that dust out when hell freezes over!" - Seriously, that's a quote, can't be bothered to dig up the link but that's basically exactly what he said. Three years now he's been stacking up peoples 'dust' and it's well over $75k USD by now.
I think the non-payment of 'dust' and other people who have gotten burned with Kano's pool in other ways (didn't setup their account right, didn't notice until it was already several hundred (or thousand?) USD worth mined, never made whole by Kano, who just kept it and laughed at them about it) are all the reason anyone needs to avoid his crappy pool like the plague.
I would recommend ckPool instead. Everyone's super nice, there are no fees, no pool wallets, only downsides are it's still very small in size and one time there was a snafu with the first mined block and that unfortunately resulted in no one getting paid for it. Oh well, that's how beta's go. I can personally confirm that payments are made now, instantly the moment block is mined, even for amounts that would be 'dust' in Kano's pool.
Good luck and happy mining!
You are spot on about Kano's ramp up time. He also says, it works out if you lose power and are still able to get profits from blocks that are hit if you are offline and he says that it evens out if you leave the pool and it ramps down. Both are false. First of all, if you lose power, you start the ramping down and then once you get power back, you start back at some stage of the ramping back up process. The odds are you will take a hit on that in dust. Also, when I left Kano Pool, no block was hit during the entire ramp down (which is 7 days now). I got nothing on the ramp down. Kano just got all of my profits on the 3 day ramp up I had to go through. It's completely dishonest. And if you have questions about it he gets angry and starts screaming about 5Nd being explained on his web page. What that 5nD amounts to is Kano being better at embezzlement math than the average person whose eyes are going to glaze over when trying to understand what he posted about it, so they'll just assume it's legit and ignore it. I am not really familiar with CKPool. I will have to check it out. Thanks! I think what you don't understand is your shares got watered down after you left as others keep throwing shares at the block, but as you stated the pool didn't hit any blocks so i am not sure why you were surprised you didn't get anything? If the pool would have hit 10 blocks during your ramp down you would be singing a different song. Also on the ramp up I think the other miners got what you think is your share as they would share with you on the ramp down after your gone. The funny thing is that most of the excuses for the ramp up and ramp down I hear amount to it all coming out in the wash. That basically it doesn't matter, because it all equals out in the end. If that is true, then why have the ramp up and ramp down? Seriously, if it truly makes no difference, why do it? There is a reason. Not that it will matter anymore really anyway, because Kano Pool is dead. It tends to keeps people from pool hopping. No different than why Slush does what he does on his pool. You can mine there for hours and get nothing if your shares go stale before a block is hit. please explain why? |
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Hello guys.
I would appreciate if any of you helps me with step by step giude how to start mining. Im a newbie on mining , and would like to have an explanation simple step by step.
Thank you
what equip do you have to mine with? |
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yeah the 5n is not a big deal.
dust is wrong and gets more wrong as price of coin goes up.
He simply should of said I am not paying dust.
And when dust got more valuable shifted from 0.0001 to 0.00001
Dust was under 0.0001 x say 200 usd = 2 cents
Dust now is under 0.0001 x say 8800 usd = 88 cents
If he had simply kept dust and just shifted it
to 0.00001 x 2000 when coins were 2000 it would still be 2 cents a block
he could now do that but won't
very true phil as the price of coins changes a lot of things. Remember how after we hit those 2 blocks as a mini pool it hit you that you were having to handle a large sum of money to distribute to the 10 of us miners.....what if that was now it really would have been a lot of $ for those 2 blocks. |
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Man, don't even get me started on Kano. The rudeness isn't an issue for me, I'm rude too. The deleting posts is regrettable but whatever, it's a self moderated thread, everyone should know it's an echo chamber the moment they see that.
The issue for me is Kano eating up peoples 'dust' from mining ramp up time and pretending it's a negligible amount. It's not. And even if it was, it's still other peoples money and he should pay it out to them. But if you ask him about it, even very politely, like you said, it's like a 12 y/o jumped on the keyboard and had a hissy fit as a response. "I'll pay that dust out when hell freezes over!" - Seriously, that's a quote, can't be bothered to dig up the link but that's basically exactly what he said. Three years now he's been stacking up peoples 'dust' and it's well over $75k USD by now.
I think the non-payment of 'dust' and other people who have gotten burned with Kano's pool in other ways (didn't setup their account right, didn't notice until it was already several hundred (or thousand?) USD worth mined, never made whole by Kano, who just kept it and laughed at them about it) are all the reason anyone needs to avoid his crappy pool like the plague.
I would recommend ckPool instead. Everyone's super nice, there are no fees, no pool wallets, only downsides are it's still very small in size and one time there was a snafu with the first mined block and that unfortunately resulted in no one getting paid for it. Oh well, that's how beta's go. I can personally confirm that payments are made now, instantly the moment block is mined, even for amounts that would be 'dust' in Kano's pool.
Good luck and happy mining!
You are spot on about Kano's ramp up time. He also says, it works out if you lose power and are still able to get profits from blocks that are hit if you are offline and he says that it evens out if you leave the pool and it ramps down. Both are false. First of all, if you lose power, you start the ramping down and then once you get power back, you start back at some stage of the ramping back up process. The odds are you will take a hit on that in dust. Also, when I left Kano Pool, no block was hit during the entire ramp down (which is 7 days now). I got nothing on the ramp down. Kano just got all of my profits on the 3 day ramp up I had to go through. It's completely dishonest. And if you have questions about it he gets angry and starts screaming about 5Nd being explained on his web page. What that 5nD amounts to is Kano being better at embezzlement math than the average person whose eyes are going to glaze over when trying to understand what he posted about it, so they'll just assume it's legit and ignore it. I am not really familiar with CKPool. I will have to check it out. Thanks! I think what you don't understand is your shares got watered down after you left as others keep throwing shares at the block, but as you stated the pool didn't hit any blocks so i am not sure why you were surprised you didn't get anything? If the pool would have hit 10 blocks during your ramp down you would be singing a different song. Also on the ramp up I think the other miners got what you think is your share as they would share with you on the ramp down after your gone. The funny thing is that most of the excuses for the ramp up and ramp down I hear amount to it all coming out in the wash. That basically it doesn't matter, because it all equals out in the end. If that is true, then why have the ramp up and ramp down? Seriously, if it truly makes no difference, why do it? There is a reason. Not that it will matter anymore really anyway, because Kano Pool is dead. It tends to keeps people from pool hopping. No different than why Slush does what he does on his pool. You can mine there for hours and get nothing if your shares go stale before a block is hit. |
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Man, don't even get me started on Kano. The rudeness isn't an issue for me, I'm rude too. The deleting posts is regrettable but whatever, it's a self moderated thread, everyone should know it's an echo chamber the moment they see that.
The issue for me is Kano eating up peoples 'dust' from mining ramp up time and pretending it's a negligible amount. It's not. And even if it was, it's still other peoples money and he should pay it out to them. But if you ask him about it, even very politely, like you said, it's like a 12 y/o jumped on the keyboard and had a hissy fit as a response. "I'll pay that dust out when hell freezes over!" - Seriously, that's a quote, can't be bothered to dig up the link but that's basically exactly what he said. Three years now he's been stacking up peoples 'dust' and it's well over $75k USD by now.
I think the non-payment of 'dust' and other people who have gotten burned with Kano's pool in other ways (didn't setup their account right, didn't notice until it was already several hundred (or thousand?) USD worth mined, never made whole by Kano, who just kept it and laughed at them about it) are all the reason anyone needs to avoid his crappy pool like the plague.
I would recommend ckPool instead. Everyone's super nice, there are no fees, no pool wallets, only downsides are it's still very small in size and one time there was a snafu with the first mined block and that unfortunately resulted in no one getting paid for it. Oh well, that's how beta's go. I can personally confirm that payments are made now, instantly the moment block is mined, even for amounts that would be 'dust' in Kano's pool.
Good luck and happy mining!
You are spot on about Kano's ramp up time. He also says, it works out if you lose power and are still able to get profits from blocks that are hit if you are offline and he says that it evens out if you leave the pool and it ramps down. Both are false. First of all, if you lose power, you start the ramping down and then once you get power back, you start back at some stage of the ramping back up process. The odds are you will take a hit on that in dust. Also, when I left Kano Pool, no block was hit during the entire ramp down (which is 7 days now). I got nothing on the ramp down. Kano just got all of my profits on the 3 day ramp up I had to go through. It's completely dishonest. And if you have questions about it he gets angry and starts screaming about 5Nd being explained on his web page. What that 5nD amounts to is Kano being better at embezzlement math than the average person whose eyes are going to glaze over when trying to understand what he posted about it, so they'll just assume it's legit and ignore it. I am not really familiar with CKPool. I will have to check it out. Thanks! I think what you don't understand is your shares got watered down after you left as others keep throwing shares at the block, but as you stated the pool didn't hit any blocks so i am not sure why you were surprised you didn't get anything? If the pool would have hit 10 blocks during your ramp down you would be singing a different song. Also on the ramp up I think the other miners got what you think is your share as they would share with you on the ramp down after your gone. yeah that complaint he makes is not valid. ramp up and kano pool hits zero blocks then ramp down and kano pool hits 5 blocks you scored he just happened to have bad luck. and the opposite happened. I mine now at nicehash 1 payment every friday nice and simple keeps fees down. Daily payouts are now a bitch. Phil I use the NiceHash password P=.21 so my miners only go there if the pay is high, if not I split my 2- S9"s between 2 pools as to average out the payments and luck even more. I have not made money mining like this since those very first USB miners i bought thru canary years back. |
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Man, don't even get me started on Kano. The rudeness isn't an issue for me, I'm rude too. The deleting posts is regrettable but whatever, it's a self moderated thread, everyone should know it's an echo chamber the moment they see that.
The issue for me is Kano eating up peoples 'dust' from mining ramp up time and pretending it's a negligible amount. It's not. And even if it was, it's still other peoples money and he should pay it out to them. But if you ask him about it, even very politely, like you said, it's like a 12 y/o jumped on the keyboard and had a hissy fit as a response. "I'll pay that dust out when hell freezes over!" - Seriously, that's a quote, can't be bothered to dig up the link but that's basically exactly what he said. Three years now he's been stacking up peoples 'dust' and it's well over $75k USD by now.
I think the non-payment of 'dust' and other people who have gotten burned with Kano's pool in other ways (didn't setup their account right, didn't notice until it was already several hundred (or thousand?) USD worth mined, never made whole by Kano, who just kept it and laughed at them about it) are all the reason anyone needs to avoid his crappy pool like the plague.
I would recommend ckPool instead. Everyone's super nice, there are no fees, no pool wallets, only downsides are it's still very small in size and one time there was a snafu with the first mined block and that unfortunately resulted in no one getting paid for it. Oh well, that's how beta's go. I can personally confirm that payments are made now, instantly the moment block is mined, even for amounts that would be 'dust' in Kano's pool.
Good luck and happy mining!
You are spot on about Kano's ramp up time. He also says, it works out if you lose power and are still able to get profits from blocks that are hit if you are offline and he says that it evens out if you leave the pool and it ramps down. Both are false. First of all, if you lose power, you start the ramping down and then once you get power back, you start back at some stage of the ramping back up process. The odds are you will take a hit on that in dust. Also, when I left Kano Pool, no block was hit during the entire ramp down (which is 7 days now). I got nothing on the ramp down. Kano just got all of my profits on the 3 day ramp up I had to go through. It's completely dishonest. And if you have questions about it he gets angry and starts screaming about 5Nd being explained on his web page. What that 5nD amounts to is Kano being better at embezzlement math than the average person whose eyes are going to glaze over when trying to understand what he posted about it, so they'll just assume it's legit and ignore it. I am not really familiar with CKPool. I will have to check it out. Thanks! I think what you don't understand is your shares got watered down after you left as others keep throwing shares at the block, but as you stated the pool didn't hit any blocks so i am not sure why you were surprised you didn't get anything? If the pool would have hit 10 blocks during your ramp down you would be singing a different song. Also on the ramp up I think the other miners got what you think is your share as they would share with you on the ramp down after your gone. |
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Your miner may have found 2 blocks just not BTC blocks most likely another type of alt coin. Look at your best share not even close for BTC. |
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I'm mining with BitMain Antpool with my L3+ rig. The rate sometime not good at all and it give me lower than NiceHash.
Maybe start of next week I will change all my rigs to NiceHash and see.
Give us a sign about how it goes. I want to switch to another pool too because im not pleased with their payouts compared to nicehash calculator. Pretty much every pool is expected to pay better than Antpool. Pretty much every pool other than Antpool is expected to pay better than Nicehash. Hmm low targets hey  I have done very well on NiceHash if you set your password to mine there when the rates are high. I have mine set at P=.21 right now and did great a week ago when rates where high. double what 100% luck on a pool would pay. I very much doubt you got double, and even if you got more than 100% PPS it would have been only for a very short amount of time ... then you'd be back to being paid crap compared to normal pool mining. You also have to subtract that 3% fee off the rate people are paying for your miners ... Yes you may find idiots willing to pay you a lot for a short period of time, but they will usually (but not always) realise their stupidity and stop paying way way more than they'll earn. Last week, PPLNS before fees was well over 120% PPS When myself and another person were using up all the hash rate on not-nicehash a few weeks ago, we were never paying more than 103% PPS so the people with the miners were getting at most 100% PPS (though I never went over 101% so the people with the miners I was using were getting at most 98% PPS) At the moment 100% PPS is 0.186676311 yes well "at the moment " is not not what I was talking about...but when the idiots were paying up to .4 PHS(a week+ ago mining BCH I assume) i took their money...like i said i have my password set at P=.21 so i only mine there when it pays well. 0.97 * .21 / 0.186676311 = 1.091 or 109.1% PPS which sux compared to being paid over the past month an expected 120%+ PPS Not sure why you'd be happy with a lower limit way less than mining to a pool .21 which is once again my lower limit where i switch back to another pool, but it paid up as high as .4 in the last few weeks, you think it paid .21 only all last month? Also you and your friend may not have been paying more than 103% PPS but someone was. EDIT: I just checked and the week I was renting my miners on NiceHash was 11/11-11/18 and averaged pay was .2577 for that week. |
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I'm mining with BitMain Antpool with my L3+ rig. The rate sometime not good at all and it give me lower than NiceHash.
Maybe start of next week I will change all my rigs to NiceHash and see.
Give us a sign about how it goes. I want to switch to another pool too because im not pleased with their payouts compared to nicehash calculator. Pretty much every pool is expected to pay better than Antpool. Pretty much every pool other than Antpool is expected to pay better than Nicehash. Hmm low targets hey I have done very well on NiceHash if you set your password to mine there when the rates are high. I have mine set at P=.21 right now and did great a week ago when rates where high. double what 100% luck on a pool would pay. I very much doubt you got double, and even if you got more than 100% PPS it would have been only for a very short amount of time ... then you'd be back to being paid crap compared to normal pool mining. You also have to subtract that 3% fee off the rate people are paying for your miners ... Yes you may find idiots willing to pay you a lot for a short period of time, but they will usually (but not always) realise their stupidity and stop paying way way more than they'll earn. Last week, PPLNS before fees was well over 120% PPS When myself and another person were using up all the hash rate on not-nicehash a few weeks ago, we were never paying more than 103% PPS so the people with the miners were getting at most 100% PPS (though I never went over 101% so the people with the miners I was using were getting at most 98% PPS) At the moment 100% PPS is 0.186676311 yes well "at the moment " is not not what I was talking about...but when the idiots were paying up to .4 PHS(a week+ ago mining BCH I assume) i took their money...like i said i have my password set at P=.21 so i only mine there when it pays well. |
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