LTC may not be dying ..but it is bed ridden as we speak....hard to keep up with btc if you can't run! arise*
My commiserations Searing but think on the bright side. At least LTC has been stable vv the USD. It's not so bad for me. Just looks like a slow fade with how it has gone from 0.01 to 0.008 to 0.006 and now 0.00456. IF it ever climbed back to 0.006 that is 6 buck ltc as compared to this btc ratio. Home scrypt with ltc could work with that and maybe I could buy equip. But the above with The expected dump of equipment and huge imho scrypt difficulty rise. Well that boat don't float. So ltc linkage to btc price has to reassert itself. Home miner scrypt buys too risky without that happening with the new equip flood. Or at least at 11c kWh winter elec rates or 14c kWh rates 5 months summer as they do it. Even with miners heating house at $1,200 usd gain Need the ltc tag along price of at least 6 bucks ie 0.006 ltc to btc ratio. And hell that may never come back with ltc. Thus stuck. Home scrypt/and LTC mining deader then dead. |
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I'd make this into a poll. So add one imho.
I'm so confused it very well could happen.
It's like every skeptic of btc got FOMO fever. That with us
holding btc for years after drinking the magic Kool aid who
are not selling. Well looks like 'bubble fever' 😏
Actually it is a lot like the old disco music that sold well. But no
one to this day will admit to buying any. Perhaps it's the same.
RISE UP YOU PASSIVE, BASHFUL LATE TO THE PARTY FOMO FOLK!
We are an odd group as a btc clic. We will even let you play 💃 Disco..ugh..
and not ask you what the heck took you so long to join the cult. Er I mean club.
Could never get the massive dumps in prices over the years. This confusion over
price pumping however is soothing however😌
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what a rough choice is to buy or not buy at this price.
I was a coward at $950..frigging clueless about wth is going on at 1039 or whatever it is as we speak  sheesh...and hell what if it goes on a tear like from the oct 18th 2013 of $150 when I turned my 1st miner on the knc 550 gh jupiter? to the ATH crap, I'll have a heart attack someplace in that 2 months process Ack! |
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I think the biggest psychological barrier was 1000, because 1000 is a round perfect number and people tend to dump when you get near that figure. But with bitcoin, we are looking at 1025 in Bitstamp right now... the bullish sentiment is still strong, and we are no doubt heading for a new ATH now, which I predict it's going to fuel another round for the rally. At this point, nobody can tell when this rally will end, 1500 or 15000... anybody claiming to have the answers is lying, we can only speculate, but yes, clearing out the latest ATH would also clear out all the FUDsters.
Yeah..i mean they will still toss about about FUD etc from that point on ...after ATH is breached..but damn would be nice not to have that tossed in our face...I mean that was the high for me...i mined in 2013 oct 18th price was $150 btc even ..then ATH then down to 250 was it? ugly... so for me they can FUD all they want and be bears all they want someplace at say a $1500 usd floor from then all up..and I will just smile and be ok with it so its a pet peeve that may go away thank god ..bugs the crap out of me |
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[edited out]
As to costs..I figured it out a couple months ago and btc would have to dump to like 201.50 or some such per btc for me to start losing cash. That sounds like a pretty decently low average cost per BTC As to BTC for equipment ...the around 2750 mh of miners I got this year...have ROI'd already..I started with 100 btc in July ..took a loan out..bet on BTC going up
and now I'm at 100.07 btc again...so.....from this point on (so far) I'm making 1900 a month yet..that is profit...less the electric from 2013 till july 2015 (was cash)
and the cash I paid for the orig knc 550gh jupiter 7,131.80 and the 10,131.80 for the orig titan...all else is paid off and did not count psu's etc. So it comes out to
for my current 100.07 btc (or was yesterday) to $25,050 usd invested yet...rest is paid roi'd ...3200mh mining 13200 watts 10c kwh ...so....I think it is 1900 a month
LTC now...
so from this point on...should I mine the DEBT I have left down...or should I hold/hoard? above the 100 BTC floor I had before I got the 7 knc titans this last year?
I personally believe that it is a separate calculation regarding whether you should sell some BTC while the price is going up. The calculation, in my thinking, is not so much about your costs but instead about the anticipated future price direction of BTC, and whether you believe that you need to protect the value of any of your holdings by selling a bit (and of course you could buy them back cheaper if they were to go cheaper, but if they don't you just have that sell off as a form of insurance). I have already disclosed on several occasions that I don't really bet on either up or down, but instead I employ a long term strategy that allows me to buy on the way down (because I am using the proceeds from the sales on the way up). I would not be able to buy on the way down if I did not sell on the way up... but if it does not go back down, I still have the fiat to use for other purposes (besides just having it as insurance)
again don't care IRS has my sights on coinbase etc...that is why I have a CPA..
sure some of the tax implications can become a bit convoluted and helpful to have a CPA to assist with some of the calculations. as to openess.......its been a strange trip.....got to vent someplace or I could subtitle the trip: Don't do what I've done........in many,many cases You can chose whatever level of particulars that you want, and if no one provided particulars, then maybe it is more difficult to figure out or to be as helpful to others. I think that I also provide a considerable amount of particulars without necessarily disclosing my millions of bitcoins in holdings... .whoops... I shouldnt have said anything.  yeah I do long term but from a hobby point of view also....like to mine and had some luck on miners to extend that streak....thus...with the equip depr etc what you mine in a year...the heat benifit...just the fun..it always was long term in 2014 I held like I think it was up to 7k of LTC or some such ...a lot pumped out of 2 titans at 735mh or so.....just pissed off at the 1.80 price and ltc to btc ratio etc etc...damn the torpedos full speed ahead..ie long term suicidal plan sold at like 3.80 or some such and then that was before halving for a lot of it some of that LTC was bought also moved it all to BTC thou then further pumps so it is a long term case as long as i can justify equip costs/equip depreciation/taxes on income/etc and of course heat the house etc it is just a matter since 2013 of how long can I keep the hamster wheels going too bad you or others that trade are not in town to diversify some angles and vice versa (at least the heat angle always makes some sense) but just kinda blunder along by my lonesome with the occasional yelp of panic and yell for help on here and/or warnings of hey i just did something really really stupid..don't be me (bfl comes to mind) hey its fun...if it ends this year or next I may have to take up a life of crime just to get my daily adrenaline kick |
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yes finex 1032 is showing up in the meantime. It's going to catch gold for an ounce of price.
yep and nothing but green candles.....I mean ....could everyone on the fence for the last year ....get FOMO all at the same time? (all them xmas conversations over the past 3 years on what an idiot I was having BTC and miners...er...kinda a different conversation at my house with relatives this xmas ...let me tell you) THE SWEET SMELL OF THE DEATH OF FUD IN THE MORNING.......AH..... heh.....convo goes like this you still in that bitcoin stuff yep so it still exists yep how many you got 100.07 btc whats it worth (xmas price) around $950 usd and I mining about 1.5 btc a month with scrypt miners dead bloody silence....wanders away I kid they not ...should have had the nephew follow me around with his Iphone camera I got a couple other people in town I may run into that always bring it up....I'll make sure that happens.....(hey I never bring it up) Vindication (at least till it goes sideways..btc price is a fickle beast..shudder) hoping sideways is 2k now thou |
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$1025 on BFX. Now less than 700 coins on the ramp to $1030. This shit is making me nervous it's going up too fast! And more fiat to hit the exchanges in USA in a few hours I expect.
I think that banks are closed in the USA... and even if they were open, you cannot get money from the bank as soon as it opens, can you? Home equity loan you can.....deposit to coinbase or whatever to move it ...unsure..depends on how much that or other accounts let you do on cc or paypal (resist..must resist.............want to pay the 3k down off on h.e.l. i have now..must resist...) |
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Hi @Searing, thank you for the deep insight in actual scrypt mining (my zeus are on the graveyard). If I do a quick math, and divide the investment (price of miner) through actual earnings at 10ct(US) Power, I do not really see a chance 2 ever ROI. its the difficulty rise that has me concerned.......bitmain with its btc miners always fills farms up for themselves or others before shipping if it is the same with the L3 it is the same. All the bitcoin miners in china can do math and see that you'd make more with scrypt miners to btc then btc miners direct..(same bet I made in 2014 on the knc titan vs keeping the neptune btc miner) Now they can get equip in mass A4's from Innsilicon and L3 bitmain miners at 250mh 400 watts.in mass it looks a lot like 2014 then BTC difficulty went to the moon and blew out home btc miners imho if you can heat your house like me with miners and get 25% equip depreciation first year as it exists now on taxes..and get some coin..you can probably break even at worse (like me 1200 bucks saved last 3 years in heating house..gas bill down to 18 bucks a month for water) angles like that ...also my elec is only 10-11c kwh is in winter is 14c kwh in summer me I may buy equip for the tax advantages and heat again next winter angle..but that may be the last of my titans also if LTC would go back to 0.006 ltc to btc thats 6 buck LTC it currently is around 0.00437 ltc to btc at 1017 btc prices we get 0.008 ltc to btc or I hope 0.01 ltc to btc would be looking at 10 buck LTC now but lots of other coins to speculate on now rather then LTC and/or push into BTC instead interesting but me I'm sitting on my hands...then again with 3150mh I can afford too... no idea...but again looks too much like 2014 btc difficulty rocket climb imho ..so makes me 'twitchy' |
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$3K per BTC by end of 2017 or bust....  I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm. So is it written. Verily it shall come to pass. Lets first reach 2017 $ in 2017.  Lets first reach 800$ in 800 hours. You had 3 years to buy bitcoin, and nearly a year of prices below $300, and you didn't buy any? Oh, and remember last year, there were about 6 months of prices between $300 and $450 And plus you registered here in July, so you had nearly 6 months of prices below $800 and a couple of months with prices below $600 (remember August and September 2016?). What you said struck me as funny in 20/20 hindsight...hoarded all BTC mined (except equip and elec btc and then ltc miners..still ltc mining roi'd) I got in Oct 18th 2013 with a KNC 550gh Jupiter BTC Miner (price of btc that day 150 usd) and all the way thru now with 3150mh KNC Titan Scrypt miners...ROI'd (love that KNC bankruptcy sale this year!) anyway..my point is...I'm either completely and utterly out of my mind for holding from 2013 at 150 even in 0ct 18th 2013 till now at as I look $1011 usd...sheesh....or I am some kinda brilliant Bitcoin Cyrypto-currency Savant! My friends have gone from thinking I've lost my frigging mind in 2013 to being pissed off at me ..at still being BTC crazy and now I'm 'lucky' to boot (a guy just can't win I tell ya) Either way it is ridiculous me still holding most after all this time (100.07 btc now..making yet 2 btc a month via LTC profit after electric). I mean is this 'sensible' in 20/20 hindsight with all the fud/drama/scams/equip ripoffs/etc etc from then till now? hell guess I'll just continue onward and let it roll.....(can't figure this out.... I'm usually such a chicken sh*t/coward on this kinda stuff with real $$$$) go figure I will now 'blunder' on with my mostly 'clueless' if unintentionally somehow brilliant plan...why mess with success..... besides seems to work for the white mouse below:  Hahahahahaha The new and confident Searing... I recall exchanging several messages with you in 2014 and 2015 as BTC prices were dropping and you were trying to figure how far in the red you were at various points, and even seeming kind of depressed, from time to time about the seeming lack of profitability if the BTC prices continued to fall. Sure, both of us were in a similar situation, except you had always communicated about your investment into the mining equipment, that brings an additional risk and even an additional way of investing your time... It is great to see that the matter of your persistence is paying off... not just because you can show your friends, but also that it gives you some greater flexibility and cushion with your finances and choosing whether to take profits, hold or continue to invest. I do think that it could be good to take some profits along the way and maybe take a little bit of profits in the future may not be a bad idea.. I cannot say exactly what price point, because it appears to be possibly going exponential (but maybe take a little of the table in the $1060 to $1180 price arena), and then maybe if prices go past that point then wait until the $2k arena for the next profit taking? hahahaha.. what the fuck do I know? yeah i used to sign my msgs (KNC the no ROI miner) when I just had the one at full boat price of $10,131.80 in Nov 2014...boy was I wrong I figure I maybe can mine another 10 BTC but I take your point....so what is the diff really if BTC goes to 5k each and a guy was to take 10 off for profits and you have 100 btc left. That is what I'm thinking now. With all the electric I ate up till JULY 2016 (6.5k) from start oct 18th 2013 with knc jupiter. and 10,131.80 in original Titan and 7,131.80 in orig knc jupiter (ah my baby 53 btc out of that before doorstop) I'm at 3200mh scrypt now all the rest of my 9 Titans are paid off etc etc.. anyway mining my elec back and then say the Jupiter and then say the orig titan would go a long way..much more impressive to say you have 100 btc at 0 bucks then right now me with 3150mh and 100 btc at $25,050 usd invested (since July 2016 paid elec out of coin) so 110-115 btc say with 25k debt vs say 100 btc no debt...still mining 2 btc a month maybe I should like 'mine my debt down' also as soon as I sell some..the price of BTC will triple a win for you guys but all them nice toys....coming out ...with blinking led's etc...so tempting...but yeah should probably punt and mine my debt down....but 25k for 100 btc now and 2 btc a month yet an't looking too shabby from my 'depressed 210 btc years of 2014 etc) groan Your various divisions and categorization of expenses are a bit confusing for me, and I am not sure are you really accounting for all the costs? You do seem to be saying that you bought some items with BTC and other items with dollars, but in the end, what are the total costs? Unlike you, I don't really like to disclose particulars about how many BTC I own, but I don't mind talking in terms of percentages and averages... or even hypotheticals... I count all BTC related costs towards my total cost per BTC, including some that I lost on Bitfinex (I have some rough calculations regarding the value of the BFX coins) and some that I lost through one of my remote trades using Venmo (which was actually between 1.5 and 5 BTC.. hahahahaha), and I have some financing related costs (when I was trying to balance out various accounts, I had suffered some finance charges), and various fees related to transactions, yet even when I calculate all of my various BTC related costs, my average cost per BTC is currently running at about $418... but if I sell some or buy some BTC, my actual amount invested could go up or down $10.. but my average cost per BTC has been floating between $418 and $430 for the past month or so... Anyhow, are you saying that your overall costs per BTC are a bit more than $250 per BTC? or am I missing something? I always thought that in recent times, that in the long run it would be more profitable to buy the BTC rather than investing in equipment, electricity, and various associated mining costs. But if you are averaging a bit over $250 per BTC, then the more power to you.... although buying some of the BTC outright in late 2013 would have been less than $250, except maybe the quantity that you would have gotten would have been less than spending on the equipment? Have you done a comparison of how many BTC you would have gotten by buying directly and compare to your mining and to see which one has a lower cost per BTC? Not that you can do anything about it right now.. but if you are only paying electricity at the moment, then maybe your average cost per BTC is continuing to come down, no? I'm a legal miner..the IRS can find me on coinbase etc I don't care. As to costs..I figured it out a couple months ago and btc would have to dump to like 201.50 or some such per btc for me to start losing cash. As to BTC for equipment ...the around 2750 mh of miners I got this year...have ROI'd already..I started with 100 btc in July ..took a loan out..bet on BTC going up and now I'm at 100.07 btc again...so.....from this point on (so far) I'm making 1900 a month yet..that is profit...less the electric from 2013 till july 2015 (was cash) and the cash I paid for the orig knc 550gh jupiter 7,131.80 and the 10,131.80 for the orig titan...all else is paid off and did not count psu's etc. So it comes out to for my current 100.07 btc (or was yesterday) to $25,050 usd invested yet...rest is paid roi'd ...3200mh mining 13200 watts 10c kwh ...so....I think it is 1900 a month LTC now... so from this point on...should I mine the DEBT I have left down...or should I hold/hoard? above the 100 BTC floor I had before I got the 7 knc titans this last year? again don't care IRS has my sights on coinbase etc...that is why I have a CPA.. as to openess.......its been a strange trip.....got to vent someplace or I could subtitle the trip: Don't do what I've done........in many,many cases |
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Litecoin will be here for long time but it wont be like is early days so good, it will be in top 10 coin always but he wont reach that price of 40 dollars again. High for next year in my option will be range 10-15 if this implementation with segwit comes with good end but if not then i expect that price goes in 2-3 dollars range and to stay in that field until next halving
If the litecoin does not offer more functions than the bitcoin, it will not be top 10 for long. yeah and I'm damn sick of seeing btc pump and ltc at the sideways ltc to btc ratio of (as I post) of 0.00446 and DROPPING the last 2 days ..jeez shoot me. ( I have 3150mh of scrypt miners and have 650 LTC I want to move to BTC but at this ratio ....it is soooooo ugly) LTC may not be dying ..but it is bed ridden as we speak....hard to keep up with btc if you can't run! arise* |
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Anybody keeping track of ETF proceedings? When is the next deadline for SEC release of latest round of excuses?
I have a sneaky feeling there may be some insider news behind some of this market action ... and there's nothing more insider than govt. agents leaking and front-running rulings that favour financial players.
I think they are gonna kick down the road for another 2 years. It will take more in the 'financial sector' imho to yell they want it first, before it will move imho. Just saying how the banking word works imho. hope I'm wrong |
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(1) I wanted in the mythical 'someday' to have Bitcoin go over that All Time High of $1149. (correct me if that is incorrect).
[snip]
AT that point in time. (assuming volume and adoption continue ..even if modestly) the mt. gox and pump and dump claims would
fade If you don't want to fuel "mtgox pump and dump claims", then maybe you should cite the Gox ATH, which was $1226. There was never any evidence that Mt Gox perpetrated a pump and dump, now or then. will change the price and as to pump and dump was using the more generic FUD term for what folk thought was gonna happen with BTC that was the last pump and it would just dump to nothing will edit the price thanks brad well, the thing is that i believe these FUDs and all that crap about bitcoin is dead or dying and.... will not end for the foreseeable future. and it goes both ways the hype will never end either. for example for the past year the price has been rising with a nice and logical pace with enough time between each price point and all that time you could see a different FUD about bitcoin falling down to $200 or someone else hyping about bitcoin going to $50,000 and both are stupid. here is an example of such days: https://bitcointalk.org/index.php?board=57.1960and i don't see them changing, there will always be idiots who try to spread these things with some weird hope to shift market in their own favor. I agree but damn it would be nice to slap down some of them using the ATH as 'proof' it can never be reached again as part of the FUD movement. At least slap some of this down to a dull roar...man a lot less of that being posted now with it at these prices huh lol volume of FUD is down already |
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$3K per BTC by end of 2017 or bust.... I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm. So is it written. Verily it shall come to pass. Lets first reach 2017 $ in 2017. Lets first reach 800$ in 800 hours. You had 3 years to buy bitcoin, and nearly a year of prices below $300, and you didn't buy any? Oh, and remember last year, there were about 6 months of prices between $300 and $450 And plus you registered here in July, so you had nearly 6 months of prices below $800 and a couple of months with prices below $600 (remember August and September 2016?). What you said struck me as funny in 20/20 hindsight...hoarded all BTC mined (except equip and elec btc and then ltc miners..still ltc mining roi'd) I got in Oct 18th 2013 with a KNC 550gh Jupiter BTC Miner (price of btc that day 150 usd) and all the way thru now with 3150mh KNC Titan Scrypt miners...ROI'd (love that KNC bankruptcy sale this year!) anyway..my point is...I'm either completely and utterly out of my mind for holding from 2013 at 150 even in 0ct 18th 2013 till now at as I look $1011 usd...sheesh....or I am some kinda brilliant Bitcoin Cyrypto-currency Savant! My friends have gone from thinking I've lost my frigging mind in 2013 to being pissed off at me ..at still being BTC crazy and now I'm 'lucky' to boot (a guy just can't win I tell ya) Either way it is ridiculous me still holding most after all this time (100.07 btc now..making yet 2 btc a month via LTC profit after electric). I mean is this 'sensible' in 20/20 hindsight with all the fud/drama/scams/equip ripoffs/etc etc from then till now? hell guess I'll just continue onward and let it roll.....(can't figure this out.... I'm usually such a chicken sh*t/coward on this kinda stuff with real $$$$) go figure I will now 'blunder' on with my mostly 'clueless' if unintentionally somehow brilliant plan...why mess with success..... besides seems to work for the white mouse below: Hahahahahaha The new and confident Searing... I recall exchanging several messages with you in 2014 and 2015 as BTC prices were dropping and you were trying to figure how far in the red you were at various points, and even seeming kind of depressed, from time to time about the seeming lack of profitability if the BTC prices continued to fall. Sure, both of us were in a similar situation, except you had always communicated about your investment into the mining equipment, that brings an additional risk and even an additional way of investing your time... It is great to see that the matter of your persistence is paying off... not just because you can show your friends, but also that it gives you some greater flexibility and cushion with your finances and choosing whether to take profits, hold or continue to invest. I do think that it could be good to take some profits along the way and maybe take a little bit of profits in the future may not be a bad idea.. I cannot say exactly what price point, because it appears to be possibly going exponential (but maybe take a little of the table in the $1060 to $1180 price arena), and then maybe if prices go past that point then wait until the $2k arena for the next profit taking? hahahaha.. what the fuck do I know? yeah i used to sign my msgs (KNC the no ROI miner) when I just had the one at full boat price of $10,131.80 in Nov 2014...boy was I wrong I figure I maybe can mine another 10 BTC but I take your point....so what is the diff really if BTC goes to 5k each and a guy was to take 10 off for profits and you have 100 btc left. That is what I'm thinking now. With all the electric I ate up till JULY 2016 (6.5k) from start oct 18th 2013 with knc jupiter. and 10,131.80 in original Titan and 7,131.80 in orig knc jupiter (ah my baby 53 btc out of that before doorstop) I'm at 3200mh scrypt now all the rest of my 9 Titans are paid off etc etc.. anyway mining my elec back and then say the Jupiter and then say the orig titan would go a long way..much more impressive to say you have 100 btc at 0 bucks then right now me with 3150mh and 100 btc at $25,050 usd invested (since July 2016 paid elec out of coin) so 110-115 btc say with 25k debt vs say 100 btc no debt...still mining 2 btc a month maybe I should like 'mine my debt down' also as soon as I sell some..the price of BTC will triple a win for you guys but all them nice toys....coming out ...with blinking led's etc...so tempting...but yeah should probably punt and mine my debt down....but 25k for 100 btc now and 2 btc a month yet an't looking too shabby from my 'depressed 210 btc years of 2014 etc) groan |
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I've had a dream the last couple of years...it seemed never to happen...and was slow coming...but it is damn close now imho. (1) I wanted in the mythical 'someday' to have Bitcoin go over that All Time High of $1226 mt.gox. (correct me if that is incorrect). (2) I then wanted that ATH to become the new floor. (Never to be broken). And putter around that figure or above from then on. This imho would be the sign that Bitcoin had beat the doubters/skeptics/scammers and FUD tossers about how BTC was gonna fail. or hell at least put a crimp in their noise on such. AT that point in time. (assuming volume and adoption continue ..even if modestly) the mt. gox and pump and dump (not mt. gox as a pump and dump specific but I mean the FUD folk who claim that is the last pump and from now on eventually BTC will dump to zero. Generic type use of such. ..) .anyway all them FUD claims would fade and BTC could become ...well ...ho hum......as boring as talking about usd circulation and its valuation of the euro... BTC would be what it needs to be a 'tool' the 'internet of money' tool it was meant to be and people could talk NOW about the future of BTC and crypto rather then dwell on the crash and burn of the past. Anyway, just a pondering...take the poll.....but for us that have held BTC since 2013 or before...I feel less like the last man standing in a pick/choose for stickball right now edit: revised all time high to correct $1242. |
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I have heard of this "supposed' theory with women...if you have 100 BTC in 2013 worth 150 usd you are considered 'interesting' IF you have 100 BTC in say 2020 at $5000 per btc in usd you are suddenly a 'hunk on a stick' .... Wonder why this is? Maybe all this BTC to $$$ ratio makes us 'smell better' to the opposite sex.... hmmmmmm...go figure BTC = upward price of 5000 per btc x 100 btc and blamo: You are suddenly 'attractive'! Seems kinda arbitrary? (Silly me I thought the Stargate bobble necks were the bomb for scoring) *shuffles back to bedroom..scratching crotch and burping, I wonder what the connection is?, very, very mysterious*  smooooth............... |
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$3K per BTC by end of 2017 or bust.... I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm. So is it written. Verily it shall come to pass. Lets first reach 2017 $ in 2017. Lets first reach 800$ in 800 hours. You had 3 years to buy bitcoin, and nearly a year of prices below $300, and you didn't buy any? Oh, and remember last year, there were about 6 months of prices between $300 and $450 And plus you registered here in July, so you had nearly 6 months of prices below $800 and a couple of months with prices below $600 (remember August and September 2016?). What you said struck me as funny in 20/20 hindsight...hoarded all BTC mined (except equip and elec btc and then ltc miners..still ltc mining roi'd) I got in Oct 18th 2013 with a KNC 550gh Jupiter BTC Miner (price of btc that day 150 usd) and all the way thru now with 3150mh KNC Titan Scrypt miners...ROI'd (love that KNC bankruptcy sale this year!) anyway..my point is...I'm either completely and utterly out of my mind for holding from 2013 at 150 even in 0ct 18th 2013 till now at as I look $1011 usd...sheesh....or I am some kinda brilliant Bitcoin Cyrypto-currency Savant! My friends have gone from thinking I've lost my frigging mind in 2013 to being pissed off at me ..at still being BTC crazy and now I'm 'lucky' to boot (a guy just can't win I tell ya) Either way it is ridiculous me still holding most after all this time (100.07 btc now..making yet 2 btc a month via LTC profit after electric). I mean is this 'sensible' in 20/20 hindsight with all the fud/drama/scams/equip ripoffs/etc etc from then till now? hell guess I'll just continue onward and let it roll.....(can't figure this out.... I'm usually such a chicken sh*t/coward on this kinda stuff with real $$$$) go figure I will now 'blunder' on with my mostly 'clueless' if unintentionally somehow brilliant plan...why mess with success..... besides seems to work for the white mouse below: |
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Phil, its very easy to tell. If your current setup has been fully activated as genuine previously then you should be able to reinstall a fresh Win10 and it should activate successfully because of the generated systemID which is saved on the MS activation servers. PM me for more clarification or questions.
As a reviewer I'd think that a properly licensed OS is pretty crucial if you're trying to sell a rig and should be included in any review as to whether the OS is legit or not.
Given that this is an up and coming new and low budget Chinese company, I highly doubt they invested $100 for a legit copy of Windows 10 on each of their rigs. Pretty sure in Chinese there are no piracy laws unlike in the US. In the US if a company tried to use pirated software they would be in huge trouble legally with Microsoft. But the catch is...can it be a legal win 10 for the specific use on the pandaminer....ie just nag ware and never upgrade and it just works? Seems to me some folk are using unlicensed windows 10 on their gpu miners and just ignore the above and let it run as is...could it be the same with them simply not activating the nagware feature..>? would be 'slimy' as heck but likely not unlegal ...assuming the above I ponder has any basis in reality? |
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a post i did on another thread on how/why/when I might say get an L3 or other equipment with the numbers on this thread and IRS 25% of equip purchased applied towards taxes due it is tempting...but imho with all this stuff coming out it is gonna be a scrypt difficulty rout. Anyway post below on my thoughts on this right now..ie probably I'm gonna wait till Oct or such till I pull the trigger on anything in that I still have ROI Titans chugging away I just think Bitmain is gonna slam scrypt with difficulty. With their BTC equip it always hits their farms first then the world...this could get ugly. anyway thread for more on what I'm thinking (not that I know zip) https://bitcointalk.org/index.php?topic=1734098.msg17367965#msg17367965 |
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No L3 yet for me ...using the below logic...looking like I'll have to wait till the end of the year... Alas thou. Kinda interested. Concerned about the massive LTC and other scrypt difficulty hike. I find it hard to believe that if you are running huge BTC farms in China. (which you will likely still run for transaction fees and have roi'd) that you would expand with any more BTC miners ..the math says go to scrypt miners and/or LTC imho..if they still want to pow mine. I think it may be a difficulty rout. Also I'm around 100 BTC again now and roi'd on all my stuff. So a 1900 buck L3 with shipping after the equip deduction I can get for 1 year off deal with IRS on such off taxes due (plenty of that this year) that knocks the real price when that comes into play of cost of $1420....but again that with shipping say is 1.5 btc ...and at 100 btc again I find myself getting very 'skimpy' on spending my hoard of btc now......my precious! will likely wait for equip till the end of the year and get a heat benefit out of it and use the equip deduction at that time then to eat some of the miner $$$ slush from the maybe last hurrah of the roi'd titans this year.....w/o heat benefit into next winter (even with extra titans piled up in a corner) I'd likely have to use my equip deduction angle up the first 1/2 of the year angles..angles.....always the angles So I may break down and get one L3 soon...but mostly it will be from bored and toy factor.....end of the year...well then that would be the more 'adult' way to look at it...we will see how it breaks in my funny little mind my precious! https://s-media-cache-ak0.pinimg.com/originals/fd/6b/c9/fd6bc9da813aca0fe83b4eb8e94dcafd.jpg |
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They sure are the weirdest exchange.
Could it be artificial and they are doing wash/rinse/repeat? |
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