If I got you right you are planning to open an exchange , right ? In my opinion there is shitload of exchanges around here so incase you will offer something new and unique then I don't see why would someone use your exchange in the first place .
Make sure to open in different countries , (not only europe , Asia , America etc ... ) Worldwide ! Make also sure to give pretty good fees comparing to the other exchanges , and finally .. make sure to accept different payment methods .
The problem is it is very epensive to be a exchange. They pay lawyers a lot to make sure they are legal, and set up in certain countries and pay for licenses and follow all kinds of laws. This keeps them from money launering or basically a lot of time in jail. Most focus on a region as cost is so high to do, so they focus on certain areas. A worldwide exchange will not happen unless rules change alot. Only ones that seem to get around it are the ones that just do digital money, an never touch fiat. But those you can not put money into from bank or send to bank, etc. |
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easiest way to earn BTC is faucet but it needs you to be patient or you can adopt a signature campaign although you may not earn much as a newbie but build you way up you will get more  It does not matter how long you put into it or how patient you are. Faucets bring in cents per hour it's very low and sad. It's a waste of time for someone to do. Only one who really wins in referrer. And there really are no TRICK to gain BTC. Its all about investment or what you do to get coins. |
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Announcement: Hashnest will open sales of 500 units of S7 hashing contracts. From November 1st, 2015, at midnight Beijing time, until 11:59pm on November 15th, Hashnest will open sales of 500 units of S7 hashing contracts. The hashrate will become effective in your account 288 hours after purchasing. For example, contracts purchased on November 1rd at noon will become effective on November 13th at noon. Contracts purchased on November 2th will become effective on the 14th, and so on. more details : https://forum.bitmain.com/bbs/topics/2333snip* Are you able to release price of it? You have told us a lot already so would appreciate if you can. Allows time to do ROI math instead of trying to do it quick and worrying about it selling out. |
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While I know this thread is for difficulty changes, and picks remain closed, I just have to comment:
BTCquote price presently shows $326!!!
This is stunning in my opinion. Clearly over the last 60 days, BTC price increases have outpaced difficulty increases. This is a huge surprise compared to the previous year.
I have to think this will lure some latent mining hardware to restart as they might now turn a running profit, even if not really ROI more.
Yes mining is the most profitable now then anytime in the past 11 months,. There is a even bigger effect though. Since people mined during that time all that they held from mining now went up in value. So it not only helps furture earnings on mining, but past earnings get bigger if minner did not sell coins. So it's a win/win. For all the hard it is to be a miner now day's this is a breath of fresh air. |
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If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better. In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity. The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case. Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm. Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us. I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens. Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up. Thats not really possible (to keep on buying), it will "normalize" to the electricity price. For instance if people keep buying and putting hardware on 0.01$/kWh, thats going to lower the profitability by raising the difficulty, eventually it will not be profitable to get more hardware run on 0.01$/kWh. The only way to get more profit would be to run it on less than 0.01$/kWh. For the halving... i think this one is going to be more chaotic than the first one, but we'll have to wait and see what it does to the home miners. I guess I might not be doing a good job of explaining my thoughts. I would think coin prices would still go up. They would not find a price and stay or normalize there. With BTC going up in price they could continue to make gear and make profit (in a lot of cases not all). To normalize as you put it to be at a point where btc price stays in same place and difficulty I just don't think this would ever happen in real life. You might be able to come up with a fictional thing were it does this. But from past we have never really ever seen this. Even now in past weeks look at BTC price it show's it does not stay the same and can be hard predict BTC prices over time. |
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Whats the plain bitcoin wallet? do you mean bitcoincore?
i think it is highly probably a paper wallet or a desktop wallet like bitcoincore, electrum and armory  Depends on what your goal for that address is. If it's spending money and not a lot then core or other good wallets would work fine. But if storing a lot of BTC then things change. Cold wallets are very important for long term holding. Paper wallets if done right is one of the best way's to store BTC assuming it's done right and stored safely. |
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Start doing ROI is my best advice - https://bitcoinwisdom.com/bitcoin/calculatorYou have good electricity so a pretty good start. Do you have a Vat or any Import taxes? But I would go no older then S3 or better S3+. But make sure to do ROI and see if it makes sense. I would look for a deal on a miner with that electricity price. |
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Hi, I am newbie here. I do not have enough $$$ to exchange bitcoins so how can I get free bitcoin?
There is no such a thing as a free bitcoin, the closest you might get a re the faucets, but they are somewhat useless now if you dont have a ton of refs or don't own one. Yes I too agree that there is no free bitcoin. Faucets also a has some work namely solving captcha. But the small work will get you very small amount for the time you required for that faucet. That's the reason many people are not doing faucets once they get some bitcoins. Faucets literally pay cents per hour. It's one of the worst things you can do with your time. If you learn about bitcoin, it is much easier to do something such as a signature campaign. If you don't spam this works good for both sides. They are pretty popular at this point. Only other one I ever won once was a giveaway. It was only like 20 bucks... but I spent like 5 minutes on entry. So a giveaway is possible but look at my activity... considering I got one that paid decent in all that time it's not the easiest to find. |
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I think the price isn't causing an increase in difficulty because most likely people didn't power off their miners, they just sold them. So they were running the entire time by someone with cheaper electricity.
Even someone powering up an old S1 isn't going to increase the hashrate at all.
I would agree on the selling of miners. They just loose value so quick anymore you cant sit them in a corner and not use or each day they loose a little value. All my old miners I have sold. I figure they are each in cheap or "free" electricity places and are running still today on a lot of them. Some sit and wait till winter but I find this crazy with how they lose value to sit till winter for heat. |
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I suggest that posts in the off topic section dont have signatures enabled, i think we will see less spammers there
i know they will move to other boards but it will be easier to see spam in the other boards
your thoughts?
even signatures are disable in off topic section, a post is still a post that will be counted in some campaign like yobit because of automation. the only effect of your suggestion is the users wont see any signature but the posters will still continue to post there What really would need to happen is the signature campaigns not pay in offtopic posts, which makes sense. Bit-X I believe offtopic don't count (I don't go there often as I find what was your last drink and other posts in it quiet boring). So find signature campaigns that count it and worst offenders go to their campaign managers and suggest not to count offtopic posts. That i think is best solution assuming you can get manager to do it. |
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huh ... the bitmain site is down.... They are hashing so hard with our miners that they popped the internet fuse.
Seems to be up to me just tried it. Although they are out of most of the things on site. Intersting thing is it shows 330 on BTC price... which is kinda a big deal once they do have a big miner again. Those who bought at 230 per BTC compared to 330 BTC value.... that is going to make a group of people who ROI much faster as long as they dont raise the prices.. |
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after following guide and everything says no devices detected.
Are you using windows? I'm guessing so since that is what the guide was based on. What does it show under hardware when it's plugged in? Does it see the uart....in there? Or nothing? |
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Now i understand why the S5's price is going down... Expect a dump, people will dump other holdings just to get on that s7 train. I wonder at what price will they sell, I doubt selling hashes again immediately would be profitable this time. I would agree on people wont get as lucky on selling immediately. Only chance is if some whale or group buys them all up and controls the market. If they could control makert... it would cost a lot but they could possibly effect selling price of all those wanting to go from S5 to S7's. Guess we will see what happens. |
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This is a quote from a thread titled: "GekkoScience BM1384 Project Development Discussion" The following statement was edited by the original author but quoted by another member before it was edited. No they haven't. All I've been told is S7 would be announced around July with the new "innovative and competetive chip" and that "right now we have no more info to the public". I would bet the comms are pretty similar to the BM1384, which was identical to the BM1382 as far as I can tell, but the pinouts and packages haven't yet been the same from one chip to the next so I don't expect them to do it again. Hopefully it wouldn't take long to adapt a functional BM1384 board to a BM1386 (or whatever) board if they don't change their IO protocols and voltages, basically just redrawing footprints and rerouting some lines.
Then you can make some USB sticks, and make some return for the near future, I'm interested in the miners, but the questios is the cost of the unit. If the numbering of rigs is consistent with past numbers of rigs by Bitmaintech, the S6 (even number) will be a large form factor with built-in PSU like the S2 and S4 models. The S7 (odd number) will be a similar form factor to the S3 and S5 without PSU. I would expect the S7 to be approximately 2 TH/s @ .37 watts per GH for a total of 740 watts to make it available for power from a 750 watt [preferably 850 watt] PSU. I would expect the S6 to be approximately 4 TH/s @ .35 watts per GH for a total of 1,400 watts from a built in PSU that is able to provide 1,600 to 1,800 watts for potential over clocking. As for the pricing of each rig; only time will tell. The price seems to fluctuate with the price of Bitcoin as of late. well see with the new S7 coming @ 3.5 th in Nov, if it is still over priced , I'll hold out till Dec then sell all my S5 and wait for the new miner at a much reduced price in Jan or Feb, if that wasn't a BS story or even do one of the Group buys but that's not the same as having it in front of me . I can sell all my S5 right now if want to for 300 to 310 and have them sold in no time till maybe Dec . add a PSU with a break out board Maybe 90 more . The interesting thing will be once we get Avalon to compare to both of them. I think it will be interesting if it truly does have the underclocking many suspect. Avalon will do two things push bitmain on efficiency if they are able to beat it by sizeable amount when underclocked. And also a machine to push them a tad on pricing. So really Avalon coming out gives us Hobby and Home miners a lot of hope compared to just 1 single miner being out. |
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Sold a fourth coin today. got over 325. all told I sold off 4 coins 1200 for the four. My power cost will be taken care of until next year. lets see I burn 2400 plus 500 = 3000 in house that is 72 kwatts a day or 2160 kwatts in a month about 225 plus 87 for the hosted unit so 312 a month so I have my power costs taken care of for 4 months. Lets see us go up and over 400. https://bitcoinwisdom.com/bitcoin/difficultyBitcoin Difficulty: 62,253,982,450 Estimated Next Difficulty: 64,211,347,324 (+3.14%) Adjust time: After 1870 Blocks, About 12.8 days Hashrate(?): 446,994,246 GH/s Block Generation Time(?): 1 block: 9.9 minutes 3 blocks: 29.6 minutes 6 blocks: 59.2 minutes Updated: 23:50 (3.3 minutes ago) http://btc.blockr.io/charts10-29-2015 153 9 over I am just amazed coinbase is currently 336 on price. I mean we are over a hundred dollars higher then where we sit forever. That is just a huge jump. And difficulty did not just sky rocket... so it's like to fronts with great news. I just am loving being a miner right now. It has been a interesting time to say the least. |
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If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better. In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity. The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case. Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm. Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us. I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens. Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up. |
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With an 18-chip string, Avalon estimates about 0.26W/GH chip-level and BM1385 0.22W/GH chip-level at 0.67V
BM1385 estimates 0.18W/GH at 0.6V, which translates to 10.8V in; that's about a 20% reduction. If we can see about 30% reduction at 560mV that's around 0.15-0.16W/GH at 560mV (10V in); if the Avalon curve has a similar shape but shifted to slightly higher power (0.26/0.22) at 560mV you'd see around 0.18W/GH chip-level.
Assuming you can still run half the stock frequency (around 51GH per ASIC) at that voltage, you'd see about 25GH and around 4.5W per ASIC, for 1.8TH and under 350W machine-level with 10V rails. I'd be surprised to see under 700W for 3TH off that machine but I could be wrong.
but for the sake of argument lets say you do 1.8th using 375 watts my psu could drive 2 avalon 6's easy giving me 3.6th and 750 watts so while the avalon 6 does not look great at stock numbers merely good. it looks great as an underclock undervolt monster. reminds me of undervolt underclock of gpu's back in 2011 and 2012 I want these machines. BTW the s-7 does not allow under volt below 11.7 volts now that was with the batch 1 controller maybe the batch 2 controller or the batch 3 controller allows for it. the later s-5's allowed for undervolt If you get 1.8 for 375 that would be amazing. The 4.1's were monsters as you put it on underclocking. If the Avalon 6 can do this it will be hard to beat. I mean even at having ... unless something huge changes 1.8 for 375 I think will make it still a valid in many places... which is huge. So I'm excited to see it. |
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Currently it is closed unless you bring something special, but you do need to be full member. Once you hit full member and if you feel you bring something special PM macro, but you really do need something special.
Is that your favorite word?  haha, that sentence just looked kinda funny. It is the best way to describe it. Since honestly there are many different aspects one could have, that I'm sure I cannot list them all. But if you say "something special" its broad and allows many different things to fit there. Most people don't fit in that category... so it's something you really cannot have a list. It's best way I can think of separating general openings compared to individual PMing of macro. |
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Threads open. picks start on the 300th block.
I go with my usual
-1.01% to -1.25%
hey coins are up to 310!
Hey coins are wild today Today's high was: $318.72 which is pretty amazing. It dipped to around 310, but I'm having trouble being sad with a number over 300. I thought it would take a few weeks to get over 300 hurdle.... nope just a day. My hope is we don't drop under 300 though if some decide to sell a few coins. |
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Hey everybody, I'm doing https://bitly.com/milvalchal, interviewing people who deal with unrecoverable passwords. Since Bitcoin wallets don't have a "forgot password" link, I thought this forum would be a good place to ask for interviews. Anybody up for a quick 15-min Hangouts/Skype call? I'd be very grateful for that and will answer any of *your* questions in turn (I'm a web/mobile developer with 7+ years of experience) If you'd like to chat, send me a PM please. What is the purpose of the interviews? Is it to try to recover what are most likely unrecoverable wallets? Or just talk about losing a wallet? If just talking what are you doing with all this info? I'm just trying to understand the goal of this. |
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