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shit did we just hit another block!
328234?
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That is correct they have no incentive to raise growth to 10%.(with current btc price).
As it Hurts their bottom line if they want to continue to stay in the game.
I am afraid you're wrong on this. If you take it from business point of view, if you offered someone (investor) 100% p.a. return, they would go crazy after it. If you manage to buy 1TH at $300 (should be no problem in large scales at all), get electricity at $0.05 kWh and burn 0.5W/GHs, you have all your money back +100% within 1 year even at 5% per difficulty growth and what is important positive cash flow even at difficulty 150 millions. So you have a lot of space to play with btc price vulnerabities etc. Main problem with this setup would be reward halving in August 2016, which is the only point I expect the difficulty to drop and it's probably final calculation point for all these projects. So imagine how many people can have the same idea. There will probably not many able to collect $10 mil but if someone succeeds you have 30PH/s growth here and there from time to time. It has nothing with chip producers IMHO. They just want to make money, not stay in the game by NOT producing. okay so 300 per 1th is possible. and some have 6 cent power. look at these figures the margins are razor tight. margins are so tight for miners almost no one can buy a miner at 300 a th installed that has 6 cent power . and for the ones that do have this 6 cent power and can install 1th miners at 300 usd each. they have to have 6% growth rate and coins stable at 320 usd to make money. and as notlist3d pointed out the current 10% jump kills everyone if we pop 10% 5x in a row no one will mine at a profit. so my premise is restriction of gear is in the builders interest more then the small home miners    |
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I have decided to give a trust rating to you. I was paid over 3btc for this block and you handled the ddos attack well. Thanks. Your trust below: https://bitcointalk.org/index.php?action=trust;u=308507I actually think anyone he paid off of this block should consider giving him a trust. Just think if he said I can't stop the attack. Or said he was paying the guy off. With funds from the next block. Instead he came up with a work around and we soon reached that block. Thanks again. |
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anyone have any recommendations on this? the ones that come with the unit are too loud even when the temp of the boards are only 36c and 38c so I want to replace them...
even with in a cold room (below 70f) its still noisy.
yeah silverstone http://www.amazon.com/gp/product/B00A460TK6/ref=oh_aui_detailpage_o05_s00?ie=UTF8&psc=1these are 140=120 fans one fits perfect the one on the ethernet end is tricky mounting buy I found just the one really helps |
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Another useless thread of " i think big players have no reason to expand ...."
OP, arent you tired of playing the same drum? Its like watching a monkey playing guitar hero.
Here is the fact: guessing network difficulty is pointless. Only need to look at the avg operating cost
I can bang my drum as loud and often as you do my lovely friend. I don't guess I use simple principles of cost accounting as do the 5 top asic builders. It is really simple they will not build out like mad they do the math I do. At 300-350 the risk to build is far too high. They will continue slow growth thats my drum and I am banging it my friend. Do you know what the definition of insanity? Repeating the samething and expect different results. You keep using current BTC price and saying " risk is far too high" LOL yet you dont even know their reward. Stupid fck. Sounds like you just pull shit out of your ass.... but then call it "math". So pleasant today. Good morning to you. Well coins dropped to 320 usd today. I did two things this morning; I purchased an antminer s-3 for 222.22 usd pre discount after discount 201 usd . I also purchased 0.5 btc at 323 usd a btc And what did the big guys do overnight . I don't know do you? A small drop in diff overnight 7.5 to 6.5 % How was your investing did you do any serious moves with coins? Hint my agenda is very simple. I just point out that the sky is not falling. What is your agenda my friend? BTC is dead? Mining is dead? please tell us. BTW I will be starting a new diff thread on NOV 5 -7 when the next jumps happens. I dont have an agenda. Do you? Because you keep making stupid guesses. Look at all the shit the manufacturer has been selling recently, all sold out. Meanwhile, you dumbshit are still claiming...."no more incentive for big players to produce more miners" That is correct they have no incentive to raise growth to 10%.(with current btc price). As it Hurts their bottom line if they want to continue to stay in the game. |
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Question. How to withdrawal the funds?
I've registred an user, mined for about two days. A block was found. Now it is matured.
I've entered one of my BTC adresses in Account Settings, but no withdrawal button. I may guess it is done manually at this stage of pool development. May I need to send a PM with my username?
It's all manual at the moment and all payments go out together with the entire block funds. Next payment should be processed later today. thanks for info. I see block has been fully confirmed so I guess payments come soon. |
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Another useless thread of " i think big players have no reason to expand ...."
OP, arent you tired of playing the same drum? Its like watching a monkey playing guitar hero.
Here is the fact: guessing network difficulty is pointless. Only need to look at the avg operating cost
I can bang my drum as loud and often as you do my lovely friend. I don't guess I use simple principles of cost accounting as do the 5 top asic builders. It is really simple they will not build out like mad they do the math I do. At 300-350 the risk to build is far too high. They will continue slow growth thats my drum and I am banging it my friend. Do you know what the definition of insanity? Repeating the samething and expect different results. You keep using current BTC price and saying " risk is far too high" LOL yet you dont even know their reward. Stupid fck. Sounds like you just pull shit out of your ass.... but then call it "math". So pleasant today. Good morning to you. Well coins dropped to 320 usd today. I did two things this morning; I purchased an antminer s-3 for 222.22 usd pre discount after discount 201 usd . I also purchased 0.5 btc at 323 usd a btc And what did the big guys do overnight . I don't know do you? A small drop in diff overnight 7.5 to 6.5 % How was your investing did you do any serious moves with coins? Hint my agenda is very simple. I just point out that the sky is not falling. What is your agenda my friend? BTC is dead? Mining is dead? please tell us. BTW I will be starting a new diff thread on NOV 5 -7 when the next jumps happens. |
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we appear to be down again what is up?
Dealing with an attack. Tor services stayed up but the proxy went down. It's up again now. it is still working so far so good. |
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we appear to be down again what is up?
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Another useless thread of " i think big players have no reason to expand ...."
OP, arent you tired of playing the same drum? Its like watching a monkey playing guitar hero.
Here is the fact: guessing network difficulty is pointless. Only need to look at the avg operating cost
I can bang my drum as loud and often as you do my lovely friend. I don't guess I use simple principles of cost accounting as do the 5 top asic builders. It is really simple they will not build out like mad they do the math I do. At 300-350 the risk to build is far too high. They will continue slow growth thats my drum and I am banging it my friend. |
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Sorry, full restart took a little longer than planned. Up properly now.
seems to be working well. |
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So I have been mining an s-3 for about 40 of the 80 hours it took to make the block.
So we wait for payouts about 10 hours?
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End of an era, cant help but feel this reflects badly on bitcoin network if a good pool cant risk being part of it. A distributed network that keep consolidating? Is that a good thing really, seems a bit dangerous to continue on this path
this is more a result of usa tax laws and banking laws then any thing else. |
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while some may think or predict 10% http://bitcoincharts.com/Difficulty 35985640265 Estimated 37766338259 in 704 blks comes to 4.94 % https://bitcoinwisdom.com/bitcoin/difficultyBitcoin Difficulty: 35,985,640,265 Estimated Next Difficulty: 38,680,200,371 (+7.49%) both are under 10% frankly we all know big builders are expanding . I can tell you this if we shift to a 10% jump we are in for very interesting times. Maybe just maybe someone has made a .2 watt machine. |
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This is a small update, and is reflected on the website. There is already interest being shown by multiple parties, at least two of which appear to be seriously interested, in purchasing BTC Guild.
While I absolutely recommend users prepare to switch pools, it *may* not be needed. If the pool is sold prior to November 30th, or is in the final stages of negotiation, then the pool will continue to operate, hopefully without any downtime in the transition to new management.
THANKS FOR BEING A GOOD POOL OPERATOR. |
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All wires and cables have arrived. I built a 10 gauge 10 foot long. I have 2 quality oem cables 12 gauge and 14 gauge.
All are 10 feet long.
When tested with a k-watt meter
10 Gauge cold 1110 watts
12 gauge cold 1117 watts
14 gauge cold 1122 watts.
cold numbers are not too much different.
but 1 hour in
10 gauge = 1132 watts
i will need time to measure this.
i will do a 1 hour - a 12 hour - a 2 day.
I have photos will best soon.
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nice . as for my 10g a test the f'ing post office dropped the new plugs off but the wire comes tomorrow. I did measure meant and the 14ga stock uses 25-50 more watts running 3 s-3's vs a 12 ga cord makes sense as the 14g a cords rate to 1400 watts or so and the 12 ga rate to 1800 watts. now if it is cold in your area and you open the window behind those units you can run them at least 10 or 20 higher freq and still get 98%. see the test bench with 2 asiminer tubes 2 r-boxes and 3 grid seed blades window open lower fan pulled hot air out upper fan blows cold air in. when it got to 50F outside the units cooled off and ran much better.  |
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Newly bought miner negative roi
Second hand miner maybe positive roi
atm
most likely correct |
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We're where we were 2years ago pre asic. expect diff to rise only with price changes.
close enough. Although if it all crashed and burned then gpus had usefulness. if it all crashes now my house full of s-3's are not very valuable for anything else but a space heater. |
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