Still waiting on some FACTS to demonstrate that you're actually comming up with something that is new and NOT A SCAM.

 Your walls of text with no FACTS in them mean nothing.

I'd fix it myself - too much downtime and EXPEN$CE in shipping it back to them to fix and they WILL NOT COMPENSATE YOU.

 Bitmain warrenttee is a joke.

Yet another "Yesminers the SCAM" thread.

 Please do some research first, this is about the 3'd thread about Yesminers I can remember seeing.

Isn't MinerEU in europe somewhere?

I2C is actually pretty common - but normally used for internal communication on motherboards to certain low-bandwidth devices like temp sensors.

 VERY odd choice.

 And you're trying to analyse a manipulated market? By your own statement?

 DOH!!!!!!


 You can't time manipulation, the people that can manipulate do it on their own schedual when THEY feel like it.

Technical analysis on Bitcoin is like technical analysis on penny stocks - worthless as the price can easily be manipulated by a single or a small group of investors, is very subject to news events, and the market is too small and immature.

I still expect Bitcoin to see $300 before the end of the year, the fundimentals are still negative overall.

 $500 sometime NEXT year I expect, but probably not 'till May or June - a month or two before the block reward halfing the speculators will get active in buying, drive the price up probably 50-70% or so (I won't be shocked if I'm underestimating the jump), then a month or two after the halfing it will settle back down some but not to what the floor was before the halfing.

 There is ZERO certainty about any "rally before Christmas", I think the last bump was a "pump and dump" not a rally.

 $354 and dropping - yup the "fact" it's holding at $360 was a mirage.

Buffett has been all about "value investing" for most of Berkshire Hathaway's existance.

 Bitcoin is FAR too speculative for him to have any liking for it.

Technical analysis on a market as small and immature as Bitcoin is pretty much worthless.

 It's like trying to do technical analysis on a penny stock - any news moves the stock a TON more than anything technical analysis looks at.

 Just because you call the concept new does not make it new.

Prices too low to be true, unless pounds have gone way up since last I looked - 1 pound would have to be in the $2 US range to make those prices reasonable.

 I suspect SCAM.

http://www.douglaspud.org/Documents/Current%20Rates.pdf

Note the lack of any different rates for residential and commercial, it's all "general rate"

http://www.chelanpud.org/departments/customerservices/RatesElectricSchedules.pdf

 Both residential and commercial under 3c/kwh, though not QUITE as low as Douglass county it's very close.

I doubt that Bitmain cares at this point, as they're making lots of money selling overpriced S7 units apparently as fast as they can build them.

 And yes, IMO the PACMIC V4 offer is a bad one - very poor return AND significant probability of NOT getting all of your investment back.
 You can actually do as well or BETTER buying a few "Blue Chip" high dividend stocks....

It's not the ASIC that controls the wallet, it's the controller setup the ASIC is connected to - for an insane amount of overprice.

 Doubtfull. That's only around 160 F, not much higher than most water heaters are designed to operate at. I think it would make more sense to aim at around 50C though to avoid scald issues or requirement to use a mixer valve.


 Not that big a dead with modern water heaters, they have good insulation for energy efficiency reasons.


 Not an issue for copper pipework, DEFINITELY AN ISSUE FOR PEX.


 No idea what they plan to price it at, but it would be a miner designed for water cooling and to make active use of the waste heat. I doubt there is a huge market for it but I can see some potential for the concept.

 BIGGEST issue I see with it is the need to turn it off in order to handle temperature regulation of the water heater, which limits the percentage of time you CAN mine with it. Even a 1100 watt element on a 50 gallon heater (I rewired my electric hot water heater for 110 to put it on a timer for ToD low-cost electric, and out of "be sure it's low enough power" ran it through my Brand power meter for a while) will only need 4-5 hours to completely heat the water up from a standstill. This thing would have to be VERY low power to avoid "have to shut it down" limitations.

 You would also have to bypass your upper element entirely, which isn't unsafe if you know what you're doing but isn't something I'd recommend to someone that has NOT worked with hot water heaters a lot, especially if you don't have a schematic of the wiring for the heater.

 Can YOU say "cloud mining"?

 OLD concept.

Technical analysis on a market as immature as Bitcoin is a joke.

 IMO ignore this thread and watch Bitcoin-related news, it has infinitely more effect on Bitcoin price moves than anything "technical analysis" looks at does.

I won't be supprised if we see $400 for a short while during the current "looks like a pump and dump move", but i'd not count on it as a solid price before the halfing.
There is NO news offering fundimental support at the current price level, as opposed to the many announced "going to tighten regulations" announcements in the last couple weeks (though the REAL regulations probably won't happen for months, governments tend to move SLOWLY after all).

Buy it for long term hold should be a good investment.

 I'd plan to sell it out somewhere in June/July 2016 timeframe shortly before the block reward halfing happens, then buy back in a couple months later.