Off-chain transaction or Darkwallet should make it harder for them, ew already know that transaction are tracable with some efforts and they can build system and basically all someone need to know where are you and who are you is your IP address
Darkwallet doesn't properly work, its very early version what's out there. Only if they keep releasing it we'll have any sort of anonimity. BTC right is just not anonymous at all. Maybe CoinJoin helps too but I have no idea how that works yet. BTC is semi anonymous. You would need to use obfuscation services to clear your tracks. For now we'll have to rely on trading BTC to an anonymous coin or service and then to Fiat or BTC with your tracks cleared. Its a bit of a pain right now, but maybe there will be more streamlined method when the demand raise further. Bitcoin is pseudonymous. Trading it back and forth via various exchanges probably wouldn't help as they require verification once you hit a certain limit or when you register. Bitcoin is never designed to be anonymous at all. It can be pseudonymous from the general public if you don't reuse address and don't reveal the addresses to anyone else. Mixers service would ensure that the transactions wouldn't link together hence it would be quite anonymous. Indeed, i don't mean depositing to an exchange or any services that log information such as IP, etc. I strictly mean manually obfuscating or obfuscation services such as mixers or instant coin exchange that doesnt log ip. Manually i'm talking about clever way of spending your BTC but getting it back, like buying hash and running it through an untraceable route  |
|
|
|
Off-chain transaction or Darkwallet should make it harder for them, ew already know that transaction are tracable with some efforts and they can build system and basically all someone need to know where are you and who are you is your IP address
Darkwallet doesn't properly work, its very early version what's out there. Only if they keep releasing it we'll have any sort of anonimity. BTC right is just not anonymous at all. Maybe CoinJoin helps too but I have no idea how that works yet. BTC is semi anonymous. You would need to use obfuscation services to clear your tracks. For now we'll have to rely on trading BTC to an anonymous coin or service and then to Fiat or BTC with your tracks cleared. Its a bit of a pain right now, but maybe there will be more streamlined method when the demand raise further. |
|
|
|
|
Apparently, someone never played EVE online.
In a nutshell its pure Ponzi. That link should get deleted and the thread closed.
|
|
|
|
Lol, it doesn't matter if they know we run a BTC wallet. Depending on how you use it, there's very little way to know who own what. Either way, so what? Its not illegal here and its not even legal currency almost everywhere, i'm not sure why this is turning into some conspiracy theories.  |
|
|
|
that's a very great news you got there. I really hope that many countries would also accept bitcoin as a real currency since the technology behind it is great and the concept is wonderful
It could be but i'm not sure how they plan on legislating it. It's so hard to track BTC, it would be hella expensive to try to enforce taxes on BTC by treating it as such. It's a bit like in the US where people are required to report BTC transactions and pay taxes to the IRS(last i heard), but have no real way to enforce it. If taxing BTC become something mainstream, the demand for obfuscator services will just rise and become common and people are still not going to want to pay fees/taxes for using BTC. I personally don't mind paying taxes where due, if i actually profit from BTC, but if BTC transactions were taxed, i would just see it as Government trying to milk BTC. The whole point of BTC is avoiding those fees. |
|
|
|
If i am selling cloud hash power, what hardware should i use? >$20k
I just need some recommendations to get started i guess
It really depend on your electricity cost, what are they? If you have very cheap electricity, I think you'd have to get efficient miners, maybe S4+ or S5 and then sell the hash and ask for a fair bit more for hosting fee than what you pay. But i don't really see that being very more profitable than just mining it yourself, unless you plan on ripping people off on fees if the BTC price drop. |
|
|
|
There have been comments (by Dogie I think, or someone from Bitmain itself) that they are going to skip the S6 and go straight to an S7. In any case, if they came out with another water-cooled rig it would be probably be called the "C3" in keeping with their current naming progression.
Buying an S5 and needed power supply right now is VERY VERY IIFY on ROI unless you have 5 cent/KWH or cheaper power. The size of difficulty increase is going up since all of the "next gen" announcements to date, and looks likely to go up faster for a few months or a bit longer than it did the first half of this year, with the widespread adoption of "next gen" mining gear in the big mining farms as the gear becomes available.
I'm hoping for an S7 that does over 2TH for under 600 watts and $600 or less, otherwise ROI is going to be very iffy even WITH cheap electric due to the bitcoin halfing next summer (unless bitcoin climbs a LOT somewhere between now and then, or the current rate of difficulty increase drops by at least half of the last couple of incriments for the next year). I'm also hoping that Bitmain goes back to making the voltage adjustable, rather than the S5's "chained power" setup - that would be worth an extra $100 easy, as you could undervolt later on and keep the mining profitable for a lot longer or at higher power costs (an SP20E can be profitable at 18 cents/kwh if you undervolt it enough, an S5 right now loses money at that power cost with current difficulty and bitcoin pricing).
2TH at 400 watts or 3Th at 600, might be able to sell as high as $800 and still manage to ROI at some point, but I suspect Bitmain is going to release the S7 with a chained-power design at or very close to the highest rated voltage the chip can handle (just like the S5) at the cost of efficiency and somewhat of a loss of long-term ROI ability.
What I'd LIKE to see is an "S5 Lite" model, still using the BM1384 but chaining 18 chips - should run about 800Mh/s at less than 350 watts - in the $400 range. THAT would ROI no problem, and still be profitable after the halving for quite a while even if Bitcoin price stays flat and difficulty increases stay in the RECENT 2-3% on average range.
That sound like wishful thinking to me =/ There's little incentive for them to develop(or sell) such effective miners. Truth be told, a jump from .5 to .29 or less stock is pretty big and probably expensive to develop versus the alternative. There's sure to be a gain in efficiency over the "last generation" but the big ASIC market demand is to miners with cheap electricity. Big datacenter located in China and other few places in the world where electricity is 4cents~/kwh. Then a smaller demand from smaller miners with also cheap electricity. And then a even smaller demand from smaller miners with no so cheap electricity (8+ cents). So all in all, maybe we'll get a expensive unit with high efficiency, but i wouldn't bet on it, since its not that lucrative for Bitmain anymore. |
|
|
|
S6 will be released when Bitmain sells second hand S5 stock totally or a big proportion of it.
Its not a bad assumption but i wouldn't be surprised if that was held off for a while and we started just buying their used units. We're supposed to be getting an announcement from Bitmain soon but i get they are in no rush to do so. With the S4+ there's possibly quite a bit of time before the S6 and mentions of S7 are unsure as well. |
|
|
|
|
Here, it is just under 4cents per KWH for the first 30 kWh in a given day then it is 5cents~ for the rest.
It sound like a fairly ideal pricing for electricity. I would imagine paying more than 8cents/kwh fairly improper for trying to earn income from mining.
|
|
|
|
I am not going to pay a third party to make sure you get your stuff. I already do that. The last two that I sent out costed me $20 a piece to do just that. Its called UPS it gives a tracking number. It has been used alot longer than escrow. So no I am not going to another person to do what is already being done. That $20 comes straight out of my pocket, Im not asking anyone to pay the shipping. If nobody buys it nobody buys it I'm not hurting for them money. So quit tolling and be serious.
Sebastianju has no fees . and i am not trolling just talking part to a conversation . i think this is a forum. UPS doesn't act as an escrow at all. The Escrow make sure the product is actually shipped, not something fake. As described and in working condition. Anyone can come here and offer hardware at suspiciously low prices, take people's BTC and vanish... and such people try. Everyday. Going through a neutral and trusted party, for free, or for a minimal fee is the bare essential when dealing with users here, especially newer ones. At your amazingly low ask price, i'm sure anyone would gladly cover the 1% for escrow fee. If any. Personally i would gladly pay 0.01BTC to a trusted user for a professional escrow service to get my hand on your last S3. |
|
|
|
|
It really depends on the pay then, does it not? A dozen BTC a month would be pretty comfortable and if you reinvest fairly you should be okay if the BTC price fall for a while.
If i had thousands of bitcoins i wouldn't really need to work much to live well for the rest of my life anyways.
I would certainly not hold thousands of coins.
|
|
|
|
|
Haha nice story. I bet you got some grey hair while waiting for confirmation.
Sadly you winning the lottery doesn't mean solo mining is profitable per se. xD
Still enjoy your win and maybe i'll put a sidehack's stick on it solo ck's and we'll see what happen (or not happen xD)
|
|
|
|
Not sure if Moderators or admins can check IP of the post but it would really be nice to see if this and the OP of the post have the same IP. I am starting to think that this could have been a bigger scam attempt: Op over prices gear, uses new account with similar name for the chance to steal coins and keep his positive trust on his main account. This is just a possibility not an accusation.
I was thinking it would be nice if an Admin checked the IP range, just for pruning the main account and other scam accounts but heh. The scam was pretty clean, i would be surprised if there was any hit. I also wouldn't throw wild accusation at a trusted member just because of the nice tempo, even though i guess its not impossible(hacked account). Still i'd give the benefit of the doubt. Edit: Look like everyone's happy. Scammer uses this method with slightly changed names . Yesterday he tried to scam me by sending messages by name Sakairias-Corporation and after we aggreed about the price SebastainJu messaged me for the escrow . I guess that scammer is pretty active. He is putting a lot of effort in, i wonder if he's actually managing to scam anyone. But i don't see how we could get rid of him, or scammers in general. There's the sophisticated kind that probably use VPN and proper grammar. And then the mosquito kind, there's so many and they are easily spotted, you keep swatting them but there's always more and sometimes one manage to get a droop of blood. Enough people actually getting scammed must be fueling their efforts.. |
|
|
|
i heard things are about to change (sooner or later), what do you think about the future of bitcoins after ww3 (if its true and yes its true) ?
What are you referring to? Change in BTC? What did you hear? World War 3, you are referring to the Cold War Mini with the Russians? What mistake? |
|
|
|
Here is the question I have to ask on second hand gear. If it's worth Bitmain sending someone out to their farm and unplugging it, then sending it to a customer for X amount..... should I really be interested in that gear at X amount?
I respect them for saying it has been used. If they want to get rid of it at that price I personally cant see why I would want to add to my farm at that price.
If you pay less for electricity than them, sure? It's still ethically dubious... With the home miner dying and the hash centralizing, it look like they arent even making the effort to hide what they're doing. They could have put them back through QR, cleaned them and sold them as refurbished, but no... They aren't even bothering, they are selling units they ran in their own farm (so they says themselves) and aren't even bothering cleaning them etc. xD It depends on what the cleaning is. If it's just the fan and finds of heatsink I don't mind doing the cleaning if it would save me money. But if it's so bad it's down to thermal paste I would prefer not to clean. Are you serious on the pay less electricity then them? I have no idea what bitmain is paying.... but I doubt many hobby miners can come close. I am serious, but it is also rhetorical for most. Unless you pay a flat fee for your electricity or you find another way of having "free" electricity, you probably cannot compete, no. I hope there's no need to mess with the thermal paste, that would be icky as hell, but the user that reported the miners being "dirty as hell" was indeed just the heatsink i believe. It's true its not a big deal but how much effort really would it have been for them to take 1.3 seconds to blow the dust away with compressed air? |
|
|
|
I can buy myself a new car, drive 1000km and sell it to you for the price like new ones...its second hand no worries Yeah and they really picked the worse term "Second Hand" to say the units are used. "Only used for 40 days in our farm!". Haha =/ Here is the question I have to ask on second hand gear. If it's worth Bitmain sending someone out to their farm and unplugging it, then sending it to a customer for X amount..... should I really be interested in that gear at X amount?
I respect them for saying it has been used. If they want to get rid of it at that price I personally cant see why I would want to add to my farm at that price.
If you pay less for electricity than them, sure? It's still ethically dubious... With the home miner dying and the hash centralizing, it look like they arent even making the effort to hide what they're doing. They could have put them back through QR, cleaned them and sold them as refurbished, but no... They aren't even bothering, they are selling units they ran in their own farm (so they says themselves) and aren't even bothering cleaning them etc. xD |
|
|
|
According to Bitmain they have been used for 40~ days and handled by them, so if the unit you receive was actually handled professionally and properly used and then packaged back to you, the unit should be fine and if it ran 40 days, it might have weeded out a good portion of the defective units.
I ordered a used unit so, if you want, i could report back when i get it, but i am not sure when i'll get it. I picked UPS as option since it was cheaper but i don't know which international service it use. It is possible i get it this week. (Maybe)
Yes it worth
Thank you guys. But it says that their last ship is August 5th, so I'll not be able to have your testimony. I'll trust you and order one, thank you . Edit : they changed the description. Now it says that they will ship after August 14th. Yeah the pre August 5th "batch" sold out i guess. They are rolling out batches of used S5 so yeah, they are rolling in batches of S#Unknowns. Dear friend you will be sure that it works.
Does it worth?It depends on your parameters (electricity price, rent, etc).
For me, yes it worths.I recommend you check warranty issues.
When I said worth, I asked if the S5 will not die after only 2-3 monthes. And it seems that it will not. It is possible, the failure rate of S5 is a few %, but if the unit was ran for a while, the life expectancy will be partially used but the odds of it lasting its life is higher, since you remove the DoA/near instant death from the failure rate %. |
|
|
|
Noup, never. Bitcoin is still not a steady currency, but $ and € is.
Earning your life on BTC doesn't mean you're holding it for it to go up and down. And FIAT isint really all that stable either. 15% deviancy in a year isint really what one should call "stable". |
|
|
|
Not sure if Moderators or admins can check IP of the post but it would really be nice to see if this and the OP of the post have the same IP. I am starting to think that this could have been a bigger scam attempt: Op over prices gear, uses new account with similar name for the chance to steal coins and keep his positive trust on his main account. This is just a possibility not an accusation.
I was thinking it would be nice if an Admin checked the IP range, just for pruning the main account and other scam accounts but heh. The scam was pretty clean, i would be surprised if there was any hit. I also wouldn't throw wild accusation at a trusted member just because of the nice tempo, even though i guess its not impossible(hacked account). Still i'd give the benefit of the doubt. Edit: Look like everyone's happy. |
|
|
|
I'm getting my hand on an Antminer S5 and i would very much like to know if there was a firmware solution or if that fan control properly operate when there is a lost of internet connection. Full fan control also sound great to wind down the fan a bit? No need for 4k rpm if the unit is in mid 50s C imo. |
|
|
|
|
Show Posts
