Wow this thread just reminded me, what ever happened to Phinnaeus? Did he say wether he was gOing out did he just vanIsh one day?
He needed a loan from BurtW and used his account as collateral. From the looks of it he has not yet repaid the loan and I would not be entirely surprised if the account has since been sold |
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A bit annoying/unnecessary, but hey, it's free money. Not a whole lot, but you could still use it for something, like a transaction fee.
Most of the TXs that are sent by Laxo are going to be much smaller then what could be used as a TX fee, in other words it will cost more to spend the input then the input is worth, essentially making the input a liability to you. The only way this could benefit you is if you anticipate the TX fees to overall be lower in the future and the price of bitcoin to be higher |
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No, this is really a very small amount. It is a very small percentage of the total transactions. I would also assume that many/most/potentially off of these double spends are not actual double spend "attacks" as some may be from large mining pools processing payouts to various miners, not having their payout TX confirming when they find a block then including a set of TXs that would payout to miners but may not include the original inputs that the TX had that were originally propagated to the network. This would appear to be a double spend while everyone would still get their bitcoin so it would not be a true double spend attack |
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I'd like to believe you, I truly do! Just hard when I see that signature underneath your post.  NO offense! For comparison Hashnest is 0.001125฿/GHS or roughly $4 per 10 GH/s. I think johnnybravo put the breakdown of GAW which is like $9 per 10 GH/s. Maintenance is $0.0032548/GHS/Day for Hashnest. I think the numbers back what I'm saying. None taken. I'm not getting paid for the sig, really. I just decided that since I'm paying people to post with the sig and have been dealing with GAW for the last 6 months I might as well have it  @did you count the discounts you can get, like the ones from this thread? https://bitcointalk.org/index.php?topic=752824.msg8839853#msg8839853Don't forget about daily boosts of Hashlets and that the contracts don't expire. Does Hashnest have such features? Not sure about discounts, but they give out complimentary hash rate free of charge from time to time. Contract is as good until electrical surpasses earnings I belive. Believe you can trade your hash like CEX.io once Round 1 subscription is full. GAW has "promised" to continue to add more efficient miners onto their network so that the overall efficiency of their cloud miners increases over time. This results in the maintenance costs declining over time. This will likely result in GAW miners lasting longer then the CEX miners as they have not made a similar promise (although they have recently halved their maintenance fee) |
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last difficulty jump knocked out the s1. the s1's efficiency lasted close to a year. i wonder how long it will take to say bye to the s3's ?
S1 isn't dead yet. Undervolted it can go as low as 1.19 W/GH @ 140GH/s. Places with cheap electricity can still run em fine... Man, I wish I lived in Venezuela, their electricity is so cheap ($0.005/KWH @ unofficial exchange rates) that even operating an ASICMINER blade (7.5w/gh) is still profitable. Daily revenue of 10GH @ current diff: 5.2˘ Daily power costs of 75W @ unofficial exchange rate: 0.8˘ ASICMINER Blades will be profitable in Venezuala until difficulty crosses 220 billion. Hot damn. Antminer S1's will be profitable until difficulty is well over a trillion... I am undervolted and profitable, even if you buy one today you can ROI, most caluclators use difficulty increase at 10% this isn't true were actually only going up 2% this time and probably won't see a 10% increase for a while. If you put it at 5% on the calculators an S1 undervolted will roit in 145 days (at .06 kwh) This is a very brave assumption to make. We have not seen this small of difficulty increases last that long for a very long time (if ever). I think there is a good chance we will not see huge increases anymore however this is far from a guarantee and will likely turn out to not be true if the price of bitcoin starts to increase dramatically again You're right on the money! I find it fascinating that some people can take a single difficulty adjustment of 1% and think its a trend, lol. The adjustment before this one was 16% and a few before that was an adjustment of nearly 21%. If someone sees a trend anywhere near 5%, they're dreaming! I agree I have tracked a trend of 10% over 105 days. which is not close to 5% once you compound it the difference between 10% and 5% is huge. I can guarantee that if price jumps to 600 usd the 10% will slip higher. I would say that if we start to see large jumps in price then we will probably see large jumps in difficulty as people with less efficient miners start to bring their machines back online and people start to buy/manufacture larger mining farms. This is primarily the reason why I am hesitant to buy additional cloud mining power as it will become less efficient as difficulty increases and I predict that difficulty will rise along with the price of bitcoin....I am overall bullish on the price of bitcoin |
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but how do those that are not manufacturers make money? a farm like this: How about a panoramic?  That investment would never have been able to be able to pay back for the hardware and make a profit that is worth it. How do they do it?? buy hardware then mine for some time and sell them on ebay overpriced?? thats how i did it when i was mining. however this is inefficient as u always would need to change cooling power management to fit new hardware stuff like that which would cause long down time if needet to be done correctly with cable management They don't pay "retail" prices for mining equipment. They can get a significant discount on the hardware because it cost much less to produce miners then they are sold to retail customers. The mining manufacturers simply let the retail customers pay for the R&D via higher prices and preorders and let the corporate mining farms buy the miners at a discount as there are less logistical costs involved in selling to them (less salesmen, less shipping to various places, ect) I think the "motto" behind this is that it certainly pays to have a lot of money. If you only pay retail prices for miners then you will be at a huge disadvantage compared to someone who is able to buy miners by the tens or hundreds of thousands of dollars worth. The price difference between the two classes of people will be huge |
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Yes this week the MultiHashlet got a negative payout, let's be honest. GAWMiners gave credit to everyone who has the Multihashlet, they want us to make money and will forever respect their value.
I'll continue with them, I'm making money.
It's easy to blame a company, at least blame with truth.
LTCGear has made their reputation, I give them that. But GAWMiners are slowly gaining a solid reputation too.
I'm new to the board but there's a lot more topics about GAW than LTCgear. Maybe this doesn't mean reputation, but GAW is certainly more popular. I read about their million dollar transactions long before registering here. If you are going to get into cloud mining then GAW is one of the few trustworthy (IMO) companies that you can invest in. They have been around for a long time and have had very few issues. They are large enough so that their actual mining ability cannot reasonably be put into question as anyone who owns any hashlets (their cloud miners) can see that the source of their bitcoin is from mined blocks. |
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Not a good idea. Your best solution is to use the cheapest kind of energy that you can use. If you pay more for "clean" energy then you are essentially giving away money to crazy liberals with does not make economic sense this tech works, and is adopted widely, it will be far cheaper than any available source of energy. Just because it is clean, doesn't require it to be more expensive. Your comment makes sense if applied to solar and wind. Key word is IF. I did a little research after hearing about this and I've come to the same conclusion reached by 10/10 scientists which is that Andrea Rossi is nothing more than a con artist. ... 6/6 scientists who did a 6 month evaluation of the device and wrote the 53 page paper provide remarkable evidence. In addition, it is public knowledge that NASA, DARPA, University of Missouri SKINR, SRI, United States Navy Research Lab, Purdue University, Italian ENEA, Mitsubishi Heavy, Toyota Corp., DIA, University Illinois, have programs pursing similar tech. More needs to be made public and more evidence is required. But there are signals in many diverse places. Bitcoin miners should at least be paying attention and following any advances in this arena. Any time you quote a percentage of a number of professionals as "x out of n" professionals you will automatically lose creditability. When picking which professionals to include in your "study" you could easily (and many companies do this) pick the first 9 that agree with them and pick a random 10th person who doesn't (or in your case simply pick 6 who do agree with you) |
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you need a solid watt savings. right now .6 watts is the gold bar.
Right now a 1 TH/s, .6 J/GH machine looks like this: Income @ $410/btc: $180/mo Expense @ $.10/kwh: $43/mo There's still significant profit potential at the current conditions. This is true, however you need to remember that miners will be making a long term investment when buying an additional miner. If a miner does not think that conditions will stay the way they are for long enough then they will not purchase an additional miner to add to their farm. One example as to why a miner would not add to their farm is they think the price will continue to decline, or are unsure as to how much the price will increase in the future, or that they think the difficulty will increase quicker then they would be allowed to ROI or that the price of electricity will increase over time. |
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When investing in cloud mining be wary of scams. Buy only from known companies, that are represented by people with real addresses and phone numbers.
People who aren't afraid to go public or show pictures of their hardware.
Don't send your money to a random site situated "somewhere in Eastern Europe", unless you're prepared to hire a private investigator if something goes wrong.
It was easy to scam people on preorders, it's even easier on fake mining shares.
Even known companies can potentially scam you, especially a long time into your cloud contract. I would say it is probably best to only deal with well established cloud mining companies if you do choose to invest. They will have an incentive not to scam as they have an ongoing revenue stream of new sales. You also want to invest in a cloud mining company that is large enough so that their pool is able to show up on most pool monitoring sites (that monitor the percentage of the hashrate of various pools) as this is really the only way to "prove" that a cloud mining compnay actually has the hashpower they claim to. I would say that any cloud mining company that is operating on a pre-order basis is almost certainly going to be scamming you. |
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you can be still profitable, if you find the way not to pay for electricity.
free electricity for sure but you have to buy miners and it's still gona take time to break even. "Free electricity" often means mining at one's workplace, with one's employer paying the bill. That is definitely theft from the company (or from its shareholders). The extra drain from the miner may be small compared to the company's normal consumption, and the chances of it being detected may be very small; but if the theft is discovered, the employee will probably be fired, and perhaps criminally charged. This is not necessarily true. Many employers often have policies that allow employees to use their electricity for their personal electronic devices (for example for charging them). Even though using a miner would not fall under the spirit of this, it would likely still qualify as being within policy. Also if the employee's electric usage really does only make a small impact on the company then it would likely not be advisable for the company to take action against the employee as this would hurt employee morale as they would be seen as going after employees over very small/petty violations. I would also argue that many situations when a person has "free" electricity is when they are leasing an apartment or a house that is paid by the landlord and that the estimated price of electricity is factored into the rent. This is really a viable option if the landloard has many tenants they can "spread" the electric usage around. |
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Hi there. I added the code and I think it looks right.  BTC address-- 16rqTbPdE97eqQxzVxvvtF31uWmvYEwqzM Posts: 329 Full Member THANKS! Hi, I received payment yesterday, forgot to sign back up. Am I too late already? If not.... Posts: 382 I received payment for last month. Thanks. I'd like to continue with the campaign. Same address is fine. Post count: 434 I received payment for last month. Thanks again. I would like to continue, same address. Posts: 487 Payment received, thank you! I'll sign up again for next month. Same address. Posts: 543 |
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do you think Ghash/cex.io had anything to do with today's crash? If you check bitcoinwisdom you will see there is a dump of over 1.2 PH of GHS corresponding just before the BTC dump that caused the price drop.
Interesting. Are you suggesting that some large miners shut down and are dumping some of their holdings? If we keep on this way, I suppose that's inevitable at some point. |
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I would sell my Bitcoins if the price drops to only double an Alt-coin I trust. Then I am going all in with the Alt-coin. How about you?
If bitcoin continues to plummet, the last place I would ever want my money is in any alt-coins. Anyway.... my cold storage stays cold for years from now. Even if bitcoin dies and goes to zero. I can only say that because I have taken many times my initial investment out. Now when I trade profitably, I both cash out dollars and top up my cold storage. My trading accounts are still all fiat with a small short position left open from $480s. Aiming to close in the $380-400 zone. My bids are mostly $300-360s. |
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If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped.... There's not gonna be a short squeeze cause its not easy to short BTC. These are real sellers There are always short squeezes. If you look at bfxdata, we often see shorts increasing while the price is moving down -- then when we bounce, short swaps spike down. This is a short squeeze. A short squeeze can be just a little spike -- it has nothing to do with a reversal. What's the short interest then? The only place you can short is bitfinex. And that's just one exchange. If those short positions get squeezed (from rising price). Doubt they would be enough volume to cause lift-off More importantly, you can short on Huobi (BitVC) and OkCoin. Also BTCE through FXopen and MT4. And yeah, that's why "it has nothing to do with a reversal" -- it's just a short squeeze. Not real buy pressure. |
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If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped.... There's not gonna be a short squeeze cause its not easy to short BTC. These are real sellers There are always short squeezes. If you look at bfxdata, we often see shorts increasing while the price is moving down -- then when we bounce, short swaps spike down. This is a short squeeze. A short squeeze can be just a little spike -- it has nothing to do with a reversal. |
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V bottoms need volume, and frankly this has got to go deeper to find it. Usually V bottoms are accompanied by a massive spike in sell volume that indicates exhaustion. We see nothing like that here. |
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If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped.... |
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8-10h left until the wires of @loaded hit Bitstamp´s exchange. May God @loaded show us his favor and bless us. (Beeing in in DOGE/PPC and USD felt really good the last days btw )Has Loaded actually been around? I haven't seen that guy since Gox. And he always seemed to keep massive amounts of funds on Gox. I assumed he got Goxxed badly and accordingly disappeared, like many others..... |
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By the time we hit $408 (Bitfinex), the dumps had already closed like 70% of my shorts. I think I will let the rest ride, or otherwise stop it out if we break through $440 full steam ahead. $300s are still on the cards I think.
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