Oh look. It's a new 2-year high. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If we're lucky, we might reach an all time high in the next few months, but not now. If it ends at 820 I wouldn't be surprised... sold 1/8 of my coldwallet. 2safe5me, but looks like my holding paid off. No 777 memes? Bring it.
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Amazing how high we've gotten in the last few months... I go to make lunch, and we went up 50USD+. Looks like it's starting to slow down, but I expect we'll stop near 800. Lol I guess you guys were right. Dat pump ain't stopping ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Be paitent. It takes a few days for him to even confirm that you're qualified for this, and it took him a week just to accept my reviews ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Just wait.
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Fingerprint: DFF4 DF3A CE1A 2352 32DC AE7F 974F D699 F323 C42F I know i'm a lower level member, but i'd like to have a pgp in case I deal with large amounts of bitcoin. -----BEGIN PGP PUBLIC KEY BLOCK----- Version: Keybase OpenPGP v2.0.53 Comment: https://keybase.io/crypto
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1. Keybase offers a way to read and send messages via PGP, which can be decrypted and encrypted by anyone. It's also a way to verify who's who if it's staked, which is useful in large numbers of bitcoin being transferred. Many uses for it. 2. I need an invite because I'm planning to sell things on this forum, and I'd like a way for my customers to verify that I'm me via PGP. I'd also just like to be able to stake my pgp on https://bitcointalk.org/index.php?topic=1159946.0, since I have big plans for myself and I'd like to stake it; if somebody ever hacked my account, I'd be able to sign a pgp stating that I was hacked, and I'd be able to shut it down. I'd definitely share my invites wisely if you gave an invite to me, if I ever saw somebody that wanted one, but didn't, and had a good account, I'd give him an invite.
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S7-LN is best for a beginner, with the low power usage and also the cheap price. Also has a psu included so you don't have to buy one yourself. This thing was practically made for a beginner, and has the same specifications as the S7 except less chips and less power usage. It's also available directly for sale from Bitmain, and will actually make you some money after the halving, but not enough to roi. If you're loking for ROI, try the S9. It doesn't guarantee ROI, but it's the closest thing to it at the moment, since avalon gave up 16nm, and bitfury is taking forever.
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HODL or trade. No other options are much safer than these. Gambling is probably already a no for you, and unless your electricity is near or below 0.075$, good luck mining- solar isn't cost -effective and there's no way around that. Normally I would diversify, but with bitcoin there's really not much safe stuff to diversify on. There's definitely a large margin for profit in trading, and even if it takes years, learn to trade! It will not only help you in altcoins trading, but also in stocks and the like, because all markets are intertwined in some way or another, and patterns are nearly the same. HODLing is cheap and effective, but it can sometimes fail, and it's simply not fun watching your money gather dust imo.
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Prices crashing? Not very likely imo, but it could certainly happen. Prices as of now are so high that most miners, even old ones, are mining , and that will ensure we get enough hashrate going into the halving. Price will probably stagnate at 700 and hold, because I don't see much more panic buying now; it's just the older miners being turned on one last time before the halving kills them profitwise. Demand will probably rise and supply will fall. At the current price, 750 would let S7s mine for a little while longer, and 800 would let them mine even longer than that. Again, all this depends on difficulty. It could drop with old miners all dropping (not instantly, but over time) or rise with S9's being produced at a high rate and being turned on quickly. Time will tell. If it crashes, I really will not care, since I tend to buy CS:GO skins with bitcoin almost immediately after getting any. I have almost no bitcoin left from my "safe" investing, but I sure hope Bitcoin doesn't die in price; it's a great coin.
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$2200 is still a pretty much amount to lose, comparing to $800 for S7.. But thanks anyway, I will think about it If you're willing to get the same efficiency as the S7 but at a lower hashrate, try the S9-LN. Comes with free psu, 2 fans, 0.25j/gh efficiency. Only difference is, it only hashes at 2.7TH/S, but you'll spend less and have almost the same experience, and only costs 291$ without shipping, so it's cheap and also cheap to upgrade. It's really just not worth buying any variant of S7 now that the halving is so close, so consider buying a S9 like bigboom said. S9-LN for $291 is a very nice idea, ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) however I think you will find that you are actually referring to the S7-LN..... Rich Yep, you caught me there. Will edit, thanks for telling me :p S9-LN for 291 would be the best miner ever sold, lol.
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Have you seen what I've done with S7LN, running 2TH at about 400W at 20% fan speed? It's not S9-calibre but a lot better than an S3 for efficiency.
I really like the S3 with software-adjustable voltage. Too bad there weren't many built like that.
No, not yet. That's pretty impressive. I might actually consider buying a S7LN, if that's possible.. 20% fan? DAMN. The S3 was probably the most moddable miner Bitmain ever made, and i'm glad somebody else appreciates them like I do
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S5s are okay if you don't mind something FREAKING LOUD. I guess if you underclock it to about half speed you can keep the fans reasonable, but then it feels bad to be running 200MHz at 800mV when you could do the same at 650mV and save about 40% of your power.
Wow, any trick to an S3? Just overclocking. S3s are pretty limited, where some units barely hold the 441gh/s advertised, and some can reach over 500gh/s. It really depends, but S3 is just a reliable miner for people who want a quiet miner that does the job. Sadly, there's never been one quite like it. I would pay hundreds for a quiet miner that hashes well, and uses a current generation chip. There's a support + OC guide at https://bitcointalk.org/index.php?topic=699064.0 if you'd like tips and tricks. I still run 3 just because they run and are so damn quiet!
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$2200 is still a pretty much amount to lose, comparing to $800 for S7.. But thanks anyway, I will think about it If you're willing to get the same efficiency as the S7 but at a lower hashrate, try the S7-LN. Comes with free psu, 2 fans, 0.25j/gh efficiency. Only difference is, it only hashes at 2.7TH/S, but you'll spend less and have almost the same experience, and only costs 291$ without shipping, so it's cheap and also cheap to upgrade. It's really just not worth buying any variant of S7 now that the halving is so close, so consider buying a S9 like bigboom said.
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It's fairly easy to earn bitcoin here, and elsewhere. If you plan to trade, do some faucets, buy a decent bctalk account, post, get bitcoin from signsture campaigns, use it to trade. There's a ton of ways to make a living with bitcoin, not just here. Examples : Investing Trading Gambling (not the best idea, but I'm giving examples) Mining HODLing If you think of it, there are many more ways. You just need to find one yourself, and if you like it, use it.
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Well, of course it's being used illegally. With more regulation, we're starting to see less criminal usage of bitcoin, but it still is happening. Think how easy it is to be untrackable: Dump your bitcoin in 3 mixers , wait, send the money, dump it in a few mixers again and you'll have a track that'll take a pretty long time for any investigators. That's anonymity for you, sadly. Of course, we have the average person using bitcoin for everything but illegal activities. It gets a bad rep for the reason of illegality, but there's so many good things Bitcoin is used for, illegal activities isn't very important by itself. You can argue about this, but that's what I think.
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100-200 is pretty safe for me, I'll probably HODL them until the price runs upwards. Bitcoin will eventually stop producing blocks, so why not? I see a nice investment here, but there are 2 things that'll probably restrict me: 1. A really long time 2. Bitcoin could die in that time 3. Price might flop (but this is so far in the future, remember) Only time will tell, but for now I'll be saving some cash from various places including my signature campaign, and hopefully I can hit it rich someday. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I definitely should have bought more bitcoin when the price was around 350$, but it's too late now. If you ever plan to timetravel, bring an antminer s9, a ethernet cable, and a PSU. Easy money ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I imagine that the network would be disrupted, but just don't travel TOO far back :p
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It actually applied to ALL coins at some point to a degree - some of the CPU-specific coins might run better on Intel, but Intel's presense in graphics is a sad joke for the most part (even the Haswell and Skylake APUs don't match my 2 generation old A10-5700s on graphic performance overall).
Doesn't apply CURRENTLY to SHA256/Scrypt/X11 coins as the ASICs have taken those over, but that leaves a very large number of coins that work well on AMD hardware (and a FEW that work better on Nvidia).
Well, AMD used to manufacture Intel chips, then went off by itself, so their chips aren't quite intel quality, ever since then. Skylake HD Graphics can beat AMD APUS, but remember that the clockrate of each Skylake gpu varies with the processor. I.e HD 530 is faster in a 7600K(not quite sure it even has 530) but is slower in a i7-6700HQ. Also remember that you're comparing a desktop APU to both desktop AND laptop GPU. Intel still has the better efficiency,core performance, and overall is better with cpus, so it's no wonder they run better on CPU coins. It kind of evens out in GPUland, with AMD destroying Nvidia, but there are a very few coins that are nvidia-centered or something. (2-3, not very many lol)
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Accounts are all being devaluated due to the high price of bitcoin, and lack of high-paying campaigns. Nowadays, you'll have to try much harder to get into a campaign than, say, 3 months ago. Even full member accounts get sold for ~0.15, so consider a lower price of even 0.03. Remember the price and demand, because it'll impact account prices as well. Good luck getting it sold, but as of right now, the Auction board will give you a much better chance of getting your account sold. Accounts are just not in high demand.
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Once you get to a high enough rank, you'll be able to join a signature campaign and earn bitcoin much faster than from a faucet. Yes, it'll take time, and you'll need good English for many of the higher-paying campaigns, but take your time. Use faucets for now, get what you need, and wait for your account to get to a rank that's at least Jr.Member, I recommend Member. Of course, if you're impatient, you CAN buy accounts. Just always remember to deal carefully and use escrow whenever possible.
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I should also point out that before the last halving, the global hashrate went up for a while while people brought back online old inefficient hardware for the last few blocks on the chance they'd get one of the last 50BTC blocks before retiring that old hardware forever as a complete loss. I expect something similar will happen this time too.
That's pretty interesting. I'll look at it, but it definitely could happen. We're capped at difficulty right now, and the new S9's have almost no effect on the network. Either there's too few of them to do something like that (like bitmain mentioned, limited stock) or there's enough, but the S9's are replacing older miners fast enough that the network hashrate isn't dropping. Difficulty is dropping, though, so if it continues to go down, hashrate might spike like you said.
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