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4461  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Core Developers won't compromise on: May 17, 2017, 01:24:36 PM


Well I see only one way for Bitcoin to get off the dime and somehow the devs of many flavors work out a solution to scaling

That is if Litecoin starts to zoom out stuff on lighting and other stuff now that they have segregated witness up

If that lever does not work to move these guys...I"ve no frigging clue

(yeah its a lame hope..it is all I got at the moment)

4462  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 17, 2017, 01:21:25 PM
how do I know an ICO to invest in?

None of them. Buy bitcoin and HODL.


Too True!

I"d 'recommend' you HODL at least 100 BTC.

It makes the math damn easy on your horde in USD, using the little bitty BTC app on my Firefox Brower.....showing Coinbase price in real time Smiley

Then you can mimic this scene below, each time you do the math and lean back in your chair Smiley



(ok now the whales with 1,000 btc can jump in with a meme to mock me)



4463  Alternate cryptocurrencies / Mining (Altcoins) / Re: Antminer L3 - 250mh - 400watt Scrypt miner coming soon on: May 17, 2017, 01:10:46 PM
So it seems all the Antminers L3+ are sold out at Bitmains. Even with that July date.
I didnt touht its possible, but seems like it is.
Any guesses how many was they selling?

I'd never get hashnet, but from what I can tell they are out as well shows stock=0 and I can't seem to add any to cart for
the experiment of checking only

would be nice if this stayed this way...say as a 9 month mystery (then again same odds of me being natalie portman's love puppet..yep still got a shot!)



Wow! Bitmain earned about 1,2 Mio USD within the last 12 hours, selling their cloud L3+ on hashnest.
Mining is very profitable at the moment - aehmmmm - for Bitmain. Wink

Wow, that's a solid sum. Is there any financial info available about bitmain company?



No, but they are one frigging 'smug' company about now I figure.....balls to the wall on difficulty and they are holding our balls to boot Sad

Then again, meme below sums up what they think of us Smiley



4464  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 17, 2017, 10:25:44 AM
Definitely impressive and unexpected movement today. Maybe it is time to start building support above $1800?

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"
Not every movement upwards is a pump nor is every movement downwards a dump. Please stop using those words inappropriately.

2000$ soon?
That would be nice.


But I LIKE to use inappropriate words!

As far as I'm concerned if any asset goes up $50 in a day its a pump and if it goes down $50 a day its a dump.

Or at least it would be referred to that way if it was a particular stock.

We are using USD here to say what BTC is worth imho. Them's the rules imho.



4465  Alternate cryptocurrencies / Mining (Altcoins) / Re: iBelink DM11G - 10800mhs x11 miner - ORDER SECURED - $7500usd INC SHIP on: May 17, 2017, 06:42:18 AM
hahahaha, you can still look good, just don't race for pinks.  it would still be a money printer.  sometime more sometime less.  right now it would pull around 3200 a month or more at 7.5 gh  around 5200 at 10.9 gh  I would give it a try if they weren't gone already.  

Understood, but if it doesn't perform at full speed why be charged full price? Imagine if you bought 10? Expecting 100GH/S but only getting 70GH/s You've lost 3 full machines worth of power......

so what is the price gonna be when it hits the market?  most miners ive seen take 4 to six months for return ROI,  at 70 gh "at todays price and difficulty" it would give over $34,000.00 a month, at 100 gh it would be over $50,000.00 a month.
the stats Ide saw showed a day and a half at 7.5 gh the rest of the time it was cranking at 10 to 12 gh,  sounds good to me,  I would hope though that the kinks get worked out for a solid product, but as is, your making money. 3 months or less and your in the black.  that's a good deal no matter if you look at its low numbers or its high numbers.  

There is speculation of when it will hit market as well.

If what i've read is correct the group buy here has over 100, more likely 120 on order\paid for. That alone is 1.08+Th/s in one order. From what i'm gathering there are 3 or 4 other orders of similar numbers. so you will not have long before difficulty rises sharply with between a third and at times double the current network has rate all launching within a few weeks of each other.

ROI will be around 6 months but it's a guessing game really as Dash difficulty adjusts after each 2.5 minute block.



I'll make a bet here..that baikal will have an equiv unit (might be half sized and half the elec use) ..anyway ballpark...before these units even ship

Just saying....and lets not forget pinidea...they also may just dump some units of equiv hash/power in the mix as well

anyway, I'm out....I'll roi on my bitmain stuff...but got slapped down hard by them (taking back miners to mine against seg witness and blowing up pow scrypt
to take over the network like they have bitcoin) ..... not to mention pre-mine before shipping

which could apply here......the units in the group buy may not be the units mining in data halls for the next 2 months

anyway, unlikely...but the group buy here and time line was too rich for my blood..but good luck to all (no dog in this fight)


4466  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 17, 2017, 06:35:08 AM
That is an impressive pump at Stamp  Shocked

Every time I expect a deeper correction and/or longer consolidation, Bitcoin just keeps surprising me!

2000$ soon?

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)



4467  Alternate cryptocurrencies / Mining (Altcoins) / Re: KNC Miner to return with 750 mg/s scrypt miner on: May 16, 2017, 12:57:36 PM
I just talked to the real owners and the KnC Miner Titan 2.0 does not exist. They also have no plan to sell products to end-users, ever. This is not the first time people try to do scams in the name of KnC Miner. Be careful when you buy mining equipment, many of them are scams.
I have contacted cointelegraph (advertising for this scam) and coinpayments (processing payments for this scam) but still have not received any reply from them.
-> https://cointelegraph.com/press-releases/knc-miner-re-opens-business-with-improved-titan-miner
-> https://www.knc-miner.com/shop/

https://bitcointalk.org/index.php?topic=1919907
https://www.reddit.com/r/litecoin/comments/6bgcpn/i_think_kncminercom_is_fraud/

Cointelegraph has now removed the advertisement and Coinpayments does not longer provide payment service. But the scam is still active using the website and order form.

Nice Job. I should have probably been proactive and contacted these guys as well to remove, good to see someone is more on the ball on this then myself.

(If a newbie does not get scam'd by an ASIC maker and a bell rings...do you get your angel wings?) lol Smiley

but anyway nice save Smiley

4468  Alternate cryptocurrencies / Mining (Altcoins) / Re: KNC Miner to return with 750 mg/s scrypt miner on: May 16, 2017, 10:58:32 AM
yeah my post on the bitmain L3+ thread...this is scam city imho

https://bitcointalk.org/index.php?topic=1864920.msg19039742#msg19039742

2 of the many reasons below....again ....this is a scam ....I have not doubt

It's a scam. Even if knc came back, they would not have a 1 year warranty. They only
had such back in the day, due to website error on original orders, that were not changed from
the previous Neptune product. It was supposed to be 90 days. They fought for that for 2 months
and then caved.

2nd point, if pictures to be seen are true at best they would have to include the
Equivelent of a Corsair 1200i to get 738mh

Especially at 1,500 Price which for eff is still way to much.

Shoddy research and evil prep. Not up to meglomanic knc evil standards.

I call it a scam.

Not even mentioning the fact that the domain name is new as well......(I mean show some evil pride in your work already!)

4469  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Core Developers won't compromise on: May 15, 2017, 11:16:54 PM
I sent a transaction 5 days ago with the proper fee...

It still has 0 confirmations.  Undecided

Bitcoin is practically useless at this point until one of these scaling proposals are activated.

Ditto, took 2 days for mine. Getting beyond stupid.
4470  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 15, 2017, 11:08:26 PM
Supposedly knc is coming back, maybe thats why these are so cheap


Anyone can confirm if this is a scam or not

https://247btc.net/knc-miner-returns-with-improved-mining-product-for-sale/


It's a scam. Even if knc came back, they would not have a 1 year warranty. They only
had such back in the day, due to website error on original orders, that were not changed from
the previous Neptune product. It was supposed to be 90 days. They fought for that for 2 months
and then caved.

2nd point, if pictures to be seen are true at best they would have to include the
Equivelent of a Corsair 1200i to get 738mh

Especially at 1,500 Price which for eff is still way to much.

Shoddy research and evil prep. Not up to meglomanic knc evil standards.

I call it a scam.
4471  Economy / Trading Discussion / Re: Is Holding Bitcoin a long time good way to make money? on: May 15, 2017, 11:14:46 AM
well bitcoin holding is a good way to make money in an 'illusionary' type of way

In other words, say you have 100 btc from 2013.....can you spend it ..NO....I mean Just last July 2016 it was at $450 bucks

and as I speak it is at $1,754 usd

Bitcoin is a frigging 'tease' ...you have the illusion of making big $$$ but you can never spend any of it ..because it may to to 10k and then you

would feel damn silly...so you putter along poor.....and watch your 'paper profits' and fret...it is like having a hot girlfriend out of town...you just

pray something bad does not happen and she runs away with a hotter 'blockchain' leaving you Sad

all the downs of being rich w/o the sex/drugs and rock and roll.....as the upside

(depressed myself...have to count my stash x $1,754 to perk self up again)

4472  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 15, 2017, 11:10:00 AM
Please, where do i pay tax ? but iut goes to fast, i tried, but i ciouldnīt.


er huh? google translate issues ...tax?

4473  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain Monthly Production of L3+ to Reach 10000 Units on: May 15, 2017, 05:42:26 AM

THIS show why asic mining has become terrible.  only a hand full of builders and in the case of bitmain  they can flood a coin with hashing gear whenever they want to do it.


Phil - market is self-regulatory entity. I t will react on flooding with coins on market. For example, Coinbase already has it in their buying dashboard - so sort of earlier adopters. So with increase of difficulty price can go up, compensating losses for miners.

And it is basically does not matter will be market flooded with Bitmain or with 1M of personal miners with GPUs. It will affect only on the rate of market response - in case of Bitmain will be accelerated one.



I agree..for those who already have miners price going up will save our bacon....but for ordering July or later..imho bitmain on such an LTC price rise will do what it did last time
slow/stop shipment of already paid for machines (the so called firmware problem again) and thus would not get any at this point in time

the big change from years past...asic makers like knc and others would release a batch ....fill their data halls..then supposedly..(likely later still with diff rise) you could 'kinda'
count on a lag in the equipment of 2-3 months while you/they digested w/o blowing up the difficulty

bitmain just did this in the last month or so to pre-mine and try to stop seg witness..that did not work but they drove up the difficulty and pre-mined my prev equipment too boot

well bitmain is balls to the wall and that is no longer the case  on shooting out equipment asap...thus will be imho NO lag of a month or so to mine...just blamo pump to dump

2nd point mentioned above..if for some reaon on their pre-mining your paid equip 4-6 weeks the price would say of LTC double or triple...you may not get your miner till
much later...knc did this to Neptune owners in 2015 with btc equip..used pre-paid miners to fill their data halls first for 4-5 months then shipped when difficulty was high
the original paid owners of the equip ..Neptune's got maybe 1/4 back of their purchase costs

so I agree with you but I THINK THAT THIS HAS CHANGED...WITH PRE-MINE ..THEM BEING THE ONLY MNFG AND THE WAY THEY COULD DO THIS AGAIN ON AN LTC PRICE PUMP
OF 2X OR MORE

thus I'm out ...... they MAY NOT do so ....but the fact they COULD do so..along with the other risks...make July or later too risky for my taste


it was always 'flimsy' enough my bets on asic equip (been very lucky if paranoid) w/o having to worry about if I see a price pump of a coin and order equip
it will be held ....with such tricks...hard to make choices on this kinda thing if the rules are constantly changing to favor the mnfg who also mines .....too weird for me ...I'm out. Sad

Buit again, imho worse case if you got a May 5th or previous bitmain miner you probably will be fine to ROI ..it may still take 12 months if really nuts....but should be OK..

but July on .....er ....that is really pushing it imho with what we are speculating on here/suspect and have seen bitmain do in the past



4474  Alternate cryptocurrencies / Mining (Altcoins) / Re: How many L3+ did bitmain make on: May 15, 2017, 05:09:09 AM
Folk on other threads, with supposed china connections, said 15TH by August. Remember they
Premine 4-6 weeks first also. More if LTC doubles imho.

Not looking good if what I hear is legit



I read that as well. 15th does not sound like a lot.

Could we argue that the May 30th batch is already mining ? I noticed a huge rise in hasrate this last week

15TH dumps me from 13k profit a month to 3k. So getting July batch imho is not wise by now.

No don't think the 15TH hash has started yet. Maybe this week I expect 30% difficulty plus



Are you assuming that the 15TH will be added to ltc ? There are 5 other scrypt alts that are very likely to be added onto as well


The assumption (from what I gather) will be LTC due to Bitmain...pre-mining and filling of data halls and hashnet etc.....

So yeah ..it will be maybe that bad Sad

Hope those folk who are pushing this are incorrect..but makes sense for bitmain to pre-mine and over sell hashnet at inflated prices
and move them out the door in next 4-6 months and make all the $$$ at the front end of the LTC seg witness hype..and then own
scrypt-pow network for mining/sales/equip like they have bitcoin network held hostage....as evil plans go ..its a gem Sad

4475  Alternate cryptocurrencies / Mining (Altcoins) / Re: How many L3+ did bitmain make on: May 15, 2017, 01:31:57 AM
Folk on other threads, with supposed china connections, said 15TH by August. Remember they
Premine 4-6 weeks first also. More if LTC doubles imho.

Not looking good if what I hear is legit



I read that as well. 15th does not sound like a lot.

Could we argue that the May 30th batch is already mining ? I noticed a huge rise in hasrate this last week

15TH dumps me from 13k profit a month to 3k. So getting July batch imho is not wise by now.

No don't think the 15TH hash has started yet. Maybe this week I expect 30% difficulty plus
4476  Economy / Speculation / Re: BTC ETF SEC APPROVED on MAY 15th on: May 15, 2017, 01:28:13 AM
Virtually no chance it gets approved

They are bureaucrats, no chance of them saying they made a mistake and will approve this imho.
 
Especially, I think it has been less than 90 days since last rejection

4477  Alternate cryptocurrencies / Mining (Altcoins) / Re: How many L3+ did bitmain make on: May 15, 2017, 01:23:10 AM
Folk on other threads, with supposed china connections, said 15TH by August. Remember they
Premine 4-6 weeks first also. More if LTC doubles imho.

Not looking good if what I hear is legit

4478  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 15, 2017, 12:32:49 AM
does anyone Received L3+ miner Tracking number of July Batch in May or Till now.....
Which May batch? My May 5 batch was delivered on May 8 Smiley
I would like to hear from you about the performance of this machine,how much coins you can mine per week and what is the real ROI ,can we mine any other coin apart from litecoin,just want to hear about the reviews from legit purchasers so that i have to make up my mind to invest in it.

It makes about 1.19 LTC/day at the moment at litecoinpool (ignore total LTC mined, that is from my Titans which I no longer own), and 8.413 LTC total since 2 pm PST May 8. You can see hash rate fluctuates a bit on poolside but 24 hours average is 500 MH. I also have a few on hashnest, they make a little more since Bitmain pays for 504 MH/L3+ constantly. With 3 L3+ hashing on Hashnest since May 7, all 4 combined already paid for the physical L3+ Smiley Hence, I decided to order more July 20-30 batch.




I got 4 L3's April 1st there abouts. Then, L3+'s for a bit less, also 4.
Then, a couple weeks ago and got 1 more L3+, on the bet of some kinda lag on them coming
out like toasters. That now seems silly. WTF was I thinking?

Worse case if they really slam them out beyond the 15TH tossed around on bitcointalk, I should at worst
be even. (And feeling like an ASIC camp follower again.) Sigh

For those thinking more in July, I'd be cautious. You may ROI, but it may be
a 15 month race, vs a 7 month sprint.

If you are counting on LTC pump to get you over the hump, imho if coin doubles
Bitmain will keep your machines and mine them a month longer, again imho. Seems that
is the new reality, premine 6 weeks, or more if price pumps, then ship on the downside or
Overcharge on hashnet.

In other words, the asic gaming tables are rigged. I'm out

4479  Alternate cryptocurrencies / Mining (Altcoins) / Re: Antminer L3 - 250mh - 400watt Scrypt miner coming soon on: May 12, 2017, 03:05:59 PM
After reading these posts about bitmain and getting their equipment, I feel "dirty".
Excited, but so dirty. I thought my ASIC tramp days were over after my knc camp following days.

It is all so familiar. Using the web to "hook up" with the latest asic. The
payment in that evil btc. The sadistic thrill of pre-order 'blind date' action.

Will the asic show up? Will the asic meet my needs? Do I look pretty?

Yep. I have a problem Sad
4480  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 12, 2017, 08:28:01 AM
WTF - Bitmain at it again...

953 more L3+ Miners available on Hashnest

3000.0 USD(99.43652635Ł) Each.

Yep they dont' want people to make money who got april and may miners.

I spoke with a source in china they are shipping 30000 units almost 15 Th/s worth by July.

OUCH! I assume this includes the 3 batches IN July in this 15 th figure? or not sure?

Well...time to pay down the equip debt I guess. Stuff to do Sad

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