I'll have to see what the numbers look like - mostly electricity and extra switches.  It's something I'd be open to considering, but probably not for a few months at best.

It looks like all of the facilities are full, unless you want to add 100+ miners to their racks.  GigaWatt is opening more space in January.  

I'm going to rent a warehouse and put about 20 to 40 miners in it.  I may consider hosting to pay the rent on the building, but we'll see what I find.

I, too, am beginning to think more and more that they are dreaming as I look into their project.   

I think renter's insurance is around $10 per month ... depending.

BitFury reports to use immersion cooling on their website to nearly double their efficiency. This would probably give them an advantage to understand the tech well if the next generation is going to run hotter.  Seeing those numbers makes me think about researching into it more.


They are reporting 10 Th/s with 500W on the GMO 7nm chipset, so that's about double the efficiency of an S9 - not a large jump like 28 to 16/14nm - but still significant.

 

 

My insurance company - and a second one - said my homeowner's insurance will cover the contents up to $10,000 in computer hardware.

Once expanding out of the house and into a warehouse, I'll get bonding and special insurance. 

I had one come out to my place and I decided to rent industrial warehouse space instead.  


One that's rates 15 or 20A would be best.



The electrician who came out to my place said three.


They measure heat in the amount of electricity consumed. A D3 should be around 1.2 K/w of heat.


You'll want to make sure you have ventilation.  I had one S9 in my basement all summer and it was enough to keep the AC running in a 2600 sq ft place.  Another thing is that these suckers are LOUD!  I bought a pair of noise-canceling headphones and was looking at building a room with special noise dampering insulation.  I decided, instead, to rent out a place as I am upgrading to about 20 more units and want space for up to 40.


A/C will increase your operational cost. Each S9 runs at about ~6400 cfm and an L3+ is ~3800. I haven't got my D3s, yet. To keep your place at an even temp you'll want to multiple the cfm of each unit by the number of units you have.  If you have ten S9s, you'll want 64,000 cfm and ten L3+s would be 38,000 cfm.  

It sounds like there is some skepticism on the 7 nm.

 Do you think the Japanese firm claiming they'll be out with a 7 nm next year is full of hot air or do you take them serious?

This is an interesting article because I have heard that 7 nm chips are out 2 - 3 years, but I can see their motivation and they'd have to do something to compete with BITMAIN. 

The Quartz article has a snippet about selling to the public.  I've read the 10 nm Intel chips didn't help a lot and were unstable.  Canaan has a 14 nm chipset that's slightly less efficient than the 16 nm S9s.

It's a little interesting on whether, or not, to buy additional 16 nm ASICs.  However, the article has changed from the original 300 million to 3 million.  Three million dollars is not a lot for chip development.  Though call.  I think it may come out on beta next year, but I'm not entirely sold on them being out for purchase Q1 2018.

What do you think?  Are they going to come out and will you hold off to buy additional ASICs or get more 16/14 nm chips? 

circulated as a medium of exchange.

Meanwhile ... I am making nearly 2x profits by mining Bitcoin Cash and the BCore mempool keeps growing: https://jochen-hoenicke.de/queue/#24h.

I am pointing a little bit of hash power at Bitcoin Cash, but am playing a "let there be low hash power, so the difficulty increases, and price rise - leading to it being economically rational to mine the blockchain version of Bitcoin over the segregated version" game.  I, also, think we may see a short period of quick blocks on Bitcoin Cash if returns go from 0.0017 per TH/s to 0.0204 per TH/s and BTCBCH trading pair remains above 0.1.

Large fees and days to confirm (even with a 0.002 fee) will be treated with less optimism next time around.

My Trezor worked great, just a couple days late.  They programmed in a "sweep", so all transaction history prior to Aug 1 12:20, was compressed into one.  It looks like I've only received one transaction instead of the entire history.  Pretty good for reducing Unspent Transaction Outputs.

Oh, dear.  There are tools specific for this.  


They are two separate chains.  Coinbase is only going to give you BTC because they did the splitting internally and/or will provide the BCH credit before January 2018.  If you had them on Coinbase, during the split, then they have stated they will provide users with an equivalent amount of Bitcoin Cash ... later.

I think this may actually put a positive on BCC / BCH in the media because it's a "break" or "upgrade" from Bitcoin.  It may provide breathing room for those who "couldn't buy Bitcoin", as banks had reported when moving into ETH.  They bought ETH simply because BTC had a "bad" name associated with it.


If I have learned anything from crypto, it's to not underestimate its value.  I think the "BCore" maximalists, who sold all their Bitcoin Cash for Bitcoin - immediately - probably over-reacted in an effort to "clean" their Bitcoins and pretend they can still live in a world without this giant looming in the wings.

I'm mining both.

I based it that on their original "3.6x more ..." they had originally.  

Often times percentages can be confusing because 100% can equal 1x and 200% can mean 2x.  I could be wrong.  I don't care.  It's 100% speculation, but I think BCore has until about November to segregate transactions or we'll see movement away from the fee markets.  If all tx fees are paid on "2nd layer" (brilliant term), then we may see hash power move.  

People are not going to "mine at a loss" as a part of their business, as some have suggested. It's an energy-intensive industrial process to do at the top of game.

I am mining Bitcoin Cash because I have Fear of Missing Out.  While everybody is selling ... I know it's not a popular idea, but this thing may work out.  Remember, very few people know about bitcoin.  We saw slight interest in Bitcoin - for the first time - from some institutions and the backlog created $100 tx fees.  The next time this happens, people may want to use this upgraded version.  The fact that everybody is running away makes me think perhaps it was irrational fear.

One thing is for sure.  This is going to really compress the timelines to make Segregated Witness and mesh networking fully functional.  But what happens if all the mining power leaves once the fees go to "brokerage channels"?  Bitcoin SW could experience very long block times ...

It's speculation, but I think this may be on to something over the next couple years.  I HODL'd all of my virgin BCH and am putting a little hash power to ViaBTC both as a hedge and because I am tired of this "unknown" entity mining all of the blocks.

Trezor has a great web interface.  You just need to be able to plug in a USB. Only keep on website what you are okay with losing.


Nope.

Trezor and Mycellium are the only two reported ready¹.


Try to get your hands on a Trezor or Mycellium. Just make sure you don't hold them on an exchange, such as Coinbase.

I don't think anythings is going to happen, unlike a lot of the Internet trolls - spreading Uneccesary Fighting and Division - it's really, really technically unlikely to succeed.  It's simply a good idea to have a hardware wallet, like Trezor ... KeepKey ... or Bitbox.

I sent them a Tweet.  It'd be nice to continue focusing on adoption:

Yes.  I asked how to get on their board agenda and she did not know. 

My thought is it would benefit the entire community to have these companies involved and I would like to encourage a coordinated effort for the e-service providers to accept BTC.  It will make the network more secure (regulation) and increase price (change in demand curve).