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761  Bitcoin / Hardware / Re: Official Thread: AMT on: January 07, 2014, 03:06:18 AM
Could you confirm that the 80 GH/s machine in this image...

https://i.imgur.com/s6POSIb.jpg

...is the same 80 GH/s machine in this image?

https://i.imgur.com/xvGtJHO.jpg

I am trying to figure out if both images are from the same machine. It seems the first image do not match any part of the machine in the last image.

I can confirm, by logic, that the images are of the same machine. One is a side shot, one is down the cage. The usb-board on the first shot is "Top-View" while the second shot is from the "Side-View", also indicated by the writing on the PSU, thus, showing the miner-board mounted in the cage, which is obscured in the first shot.

Plus, carpet is the same.
762  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: January 06, 2014, 08:37:58 AM
Your bottlecaps daemon is on the wrong chain, or your daemon is stuck... (Not indicating the correct diff.)

Difficulty is like 1.9, not 0.5... Thus, your value is way off. At 1.9 diff, that value is not 4000%. Doesn't bother me, those extra miners will cause the value to rise anyways. Though they will be disappointed when they find they are mining at 400% reward, not 4000% like your page indicates.

Just giving you a heads-up. I couldn't figure out why the diff was through the roof at this value. Now I know why.
763  Bitcoin / Hardware / Re: Official Thread: AMT on: January 05, 2014, 03:48:48 AM
Why TEK and not ____ coin..?

That was just what I would mine. As per the below thinking. (Made me what I have today.)

The pages show you profit "now"... which is only relevant if you "have coins to sell now". Also, some of those numbers are "incorrect"... showing old DIFF, to a new pumped-value, not counting block-collisions/rejects of rewards. Never mine the "top" coin... stay 2-3 coins below top... That's another solo-miner tip. Top coins return to the bottom in a few minutes. Once diff corrects and you make next to nothing for hours later.

To mine... You have to take more in to consideration. However, by the easiest terms, for SOLO, you simply want any coin that is lowest difficulty, and "greatest potential future-gain". (Lowest value now, which will rise. As opposed to a high-value coin that will just fall, or level-out, or is being pumped.)

Why lowest diff... (Exaggerated example)
BTC DIFF 1.5 billion. Time to earn 1 BTC ~ 30 days. (One block is 25x longer than 30 days = 750 days... that is if diff never changes.)

TEK DIFF 23 thousand. Time to earn 1 BTC ~ 30 days. However, in those 30 days, you will find over 843 TEK blocks, which can be instantly converted to BTC, or held until the coin value rises. It will rise, since you are now taking coins from someone, and not cashing-in yet. You are not taking shit from BTC mining BTC.)

Thus...

0 BTC, 0 BTC, 0BTC, 0BTC.... 750 days later... 25BTC (In a pool, you would only end-up with about 15BTC.)
30 TEK, 60 TEK, 90 TEK... 750 days later... 283723 TEK Worth only 20 BTC, but BTC-value now $6000/BTC = $120,000 USD... so it is as if you made that same value, for all the coins, even back when they were less.

As opposed to having cashed out at BTC values as you mine them, of $900, $1000, $580, $690, $2100, $1400, $2800, $3650, $1600, $3950, $6000... as you mined, cashing out along the way. (You get a lot less that way.)

Pools are not super difficult to setup... but difficult to maintain and operate. Needs good servers, good linux skills, and some ability to compile and code PHP, MySQL, HTML, etc... And deal with all the exploits involved with the operation of free-code. (New pools usually run into a lot of the same issues that the big ones already had to deal with, but they don't tell you how to fix it. You either just get raped yourself, or figure out how to stop being raped by the miners/exploiters. Fake shares, double withdraws, wallet breaches, user-breaches, server raiding, DDOSing, pool-hoppers.)

If you mine in pools... it is best to have a single miner in every possible pool. That is for better average luck. If you had a miner in every pool, and there were no solo-miners... you would have 100% luck, getting reward without "dry-spells", like pools normally have, that are small. However, luck doesn't matter much over time... you get the same after a year mining in one pool, or many... (Well, again, actually less, because they don't give you all the actual rewards.)
764  Bitcoin / Hardware / Re: Official Thread: AMT on: January 04, 2014, 06:12:58 AM
LOL! It is a nice hat...
... Thanks bro!

Here is that same link, for coinchoose, with your future values setup... (I hid the scrypt-coins too.)
Bookmark this link, not the other one... 80,000MHs = 80GHs

http://www.coinwarz.com/cryptocurrency/?sha256HashRate=80000.00&sha256Power=0.00&sha256PowerCost=0.0000&scryptHashRate=0&scryptPower=0.00&scryptPowerCost=0.0000&sha256Check=true&scryptCheck=false

I suggest SOLO-Mining on TEK coin. You will get more "solo-blocks", which will result in better results than mining in any rip-off pools. Plus you get the block-rewards from transaction-fees, which most pools keep, even when fees are in the thousands-millions of dollars in BTC.

Mine like hell, and wait until an alt-coin pump before you cash-out for BTC. You will see that mined value 10x-500x more than you mined at, in dollars. (Worth of BTC.)
765  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: January 04, 2014, 06:00:38 AM
I'd be happy to sit and wait for the Neptunes if the network hashrate wasn't growing every day.  The fact is, other companies are shipping a lot of GHs.  And if you want to maintain or grow your share of the network, you are going to have to buy ASICs from other companies.

I'd much rather buy a couple of Jupiters than a half dozen Antminers.

You also have to remember, the "growing hash-rate", is from power-sucking devices. This only adds "loss", which gets translated into "value", as higher demands per BTC-earned by "the big guys".

Fear nothing, as the hash-rate increases, your mini-earnings of fractional BTC, will be valued at a return on investment, greater than the day they were mined. You gain even more, if you mined them with less power than the big-guys. They are the majority who are adding the major "value", that us "individuals", were just not able to add to the market. If it was left to "us", BTC would still be about $20/BTC. Trust me, it would.

The fraction of BTC they are cashing-out, is for paying bills for "operating costs", and to get more funds to buy more miners. Those drops are not "drops of value", those are just "cash-outs". There is a big difference between those two types of "drops". Someone got good discounted BTC, relative to the price average. Those who cashed-out, took a loss, over the price average. It only takes longer to raise again, because those who got a discount, are selling for a gain, just under the last average price. Once those are gone, the price restores. Unlike a real "drop of value", where the price drops simply because no-one wants to sell for less and no-one wants to pay that much. At all these prices, BTC is selling by the thousands, every day. (Just not on Gox, but Gox is small cheese compared to the volume on Huobi exchange.) Every coin sold, someone purchased that... When no-one is purchasing, there is a problem with value.
766  Bitcoin / Hardware / Re: Official BITMINE CoinCraft series 28nm ASIC miners thread on: January 04, 2014, 05:33:22 AM
I have a question on the coincraft-rig units...

The PSU is included, and specs "estimate", about 1600-3000w with the "included PSU"... For the fully-filled 8-card unit.

3000w in turbo, obviously, but does this unit come with a 3000w PSU, or does each of the eight boards have an individual mini-psu, delivering the 200w-375w required for turbo-mode?

This, too, I assume has two separate plugs for 120v operation, as 3000w can not come from 1 single 20a cord. Which can only handle 18a constant power, as with most home circuits. (120v * 18a = 2160w constant. However, 240v * 18a = 4320w, which would work for non-US power-outlets/wires.)
767  Bitcoin / Hardware / Re: Official Thread: AMT on: January 04, 2014, 04:29:51 AM
Don't know why they picked me...

List of alts to mine...

It was the hat dude... the hat... ;P

Here is what I use for a good list to mine.
http://www.coinchoose.com/
http://www.coinwarz.com/

As for the other guys comment about "ROI", that is "Operating ROI", not "Initial investment". If there is an "Operating ROI", then your "Initial investment" will eventually be returned. You can't use "calculators" that speculate horribly, and don't take into account "when you cash-in".

If you only mine 1 BTC, ever, and that value turns into $6,000/BTC, in the life-time of the unit. It has made a ROI, as long as you have not spent $6,000 in electricity. (That is operating ROI.)

You can't "Claim" it does not offer ROI, if you don't have it, and have not operated it. Also, you should never use BTC as your "source of value" to MINE. That is NOT the best coin to mine. It is the best coin to cash-out. But I digress. 60GHs units are not dead, and will last for years still. Just not on BTC directly. 80GHs, even longer.

It doesn't matter what the value is while you are mining, it matters what the value is when you cash-out, what you mined. Thus, always mine the lowest diff coin, no matter what the value. Value will follow, because your mining will reduce the coins they get. Thus, they will offer more. That is why alt-coins live and thrive. Never waste time mining a high value coin that is also a high-diff coin. It will only be less after you start mining it, and raise the diff. (Because high valued coins go down, unless you have the majority of the hashing power. Which none of us will ever have, except possibly on a new coin or a low-diff coin.)
768  Bitcoin / Hardware / Re: Official Thread: AMT on: January 03, 2014, 03:32:40 AM
i'm thinking everyone got their miners since the thread hasn't been updated

Not yet... Still waiting. Arrival dates are upon us still. (I have over a month left before I get mine.)

Again, not everyone ordering is also a member here. Seems to be about 1% at the moment. Based off order-numbers.

We should do like the other miners have done, and make a new thread with just a list of those who made a purchase, and what they purchased. For simplicity of AMT answering "paid customers" replies to late delivery or incomplete delivery.
769  Economy / Trading Discussion / Re: FinCEN says you must be MSB if you sell bitcoins for $ on: January 02, 2014, 09:16:57 PM
Also... FinCEN also says...

If you MINE/BUY BTC for YOURSELF to SELL, in your own countries currency, to a confirmed person in your country... you do not have to register. (But the IRS laws still require you to claim ASSET-VALUES for holdings and losses/gains, on a personal/business level.)

This is old news though...

This has already been beat to death with IMVU.com funds, Second-Life Lindens, World-of-warcraft gold, and various other forms of online virtual funds.

Good resources there. Just ask any of those exchangers how they do it. Most of them operate globally, legally.
770  Economy / Trading Discussion / Re: FinCEN says you must be MSB if you sell bitcoins for $ on: January 02, 2014, 09:01:52 PM
Your observations are correct... except on the prepaid component... I believe that is too open-ended of an observation there.

It depends "what you do with the asset".

This is coming from a loose explanation from my mother, who works for the IRS. She deals with these questions every day at work. Again, consult an actual lawyer. This is just third-party translation.

In the USA...
If you accept USD, and give Yuan... you are, "yourself", acting as an exchange/money-exchanger. (Trades for differences.)

*** Grey area... (Just this one below.)
If you accept Yuan, and give USD... you are, "yourself", acting as a store/reseller or an exchange/money-exchanger. (Depends WHO you give the money to.)

If you accept USD for YOUR BTC, and give YOUR USD for BTC... you are, "yourself", acting as a store/reseller.

If you take USD on someones behalf for someone-else's BTC, without using YOUR BTC, for sale to another person... You are a broker/money-handler.

* Replace any "prepaid", credit/dollar with USD/Yuan, and it is the "same as", currency. (Except BTC.)

The purpose of registering, is for volume-records and fraud-protection and possible insurance. Since you are handling "potential", large volumes of "potential", stolen funds. They want to make sure you have the ability to confirm the owners of the transactions, and have the ability to reduce loss to the ones who would be the "victims", from YOU handing out MONEY (which is not yours), to the thieves.

If it is YOUR money... the risk of loss is all yours, and they don't care if you lose. As an individual. That is all registration is for. If you are the one assisting laundering, inadvertently, that too is your risk, if it is your money used. (Used = exchanged for BTC. It is a crime to accept money/assets from criminals, or to fund criminal activities with money/assets. Which is why you should always know who you get the money/assets from, and who you give it to.)

Then, there is the tax-reasons... But, if it is your funds, you are the only one responsible for your claims. Your registration as an exchange/broker, is so YOU don't end-up having to pay taxes on your-customers holdings, as if they were your own holdings. (Any unidentified funds will be audited as if they were your funds, and you will be held accountable for those taxes on those unidentified owners gains/holdings.)

Also, when "holding" others money, to ensure you are not just spending all the BTC and FUNDS, thus fraudulently just giving people fictitious "credit", waiting for others to forward-deposit replacement funds... They require things like "auditable public accounts", which can be "seen", holding a percentage of the "credited funds", that you are giving these people credit for. (Eg, you can't just say someone has 100 BTC and another person has $10,000... but have yourself cashed-out the BTC and spent the $10,000... and hope they just don't withdraw before a new person deposits another 100BTC or $10,000 to cover the withdraw request. That would make your operations a pyramid-scheme, or a HYIP-scheme, which is another reason they want you to register.)
771  Economy / Trading Discussion / Re: FinCEN says you must be MSB if you sell bitcoins for $ on: January 02, 2014, 07:06:51 PM
This is not legal advice, this is just food for thought. Possibly for a real horrible defense. But one that is real. All businesses should seek professional business legal guidance. Or just not become a business. If you can't afford the lawyers, you shouldn't be operating a business, try tag-sales.

Cupcakes do not have a fixed-value... (Asset)

Bitcoins are cupcakes, they have value in Yuan, Yen, USD, Euro... but not a "fixed value". Selling a cupcake for someone does not make you a money transmitter. You have no idea if they purchased the cupcake in Yuan, Yen, USD, Euro. The only thing that matters is what you give them, for the cupcake. If you give them cash, then you just purchased an asset of cupcakes. If you sell the cupcake for cash, you just made a capital gain on that cupcake asset.

You are a store, selling assets, if you use YOUR money to purchase the assets. If you use other peoples money, that makes you a distributor or drop-shipper of assets. (Which is similar to capital gains/losses, as you are a broker of an asset.)

Only sell what you BUY, and you are just a reseller. (Working within the confines of your own risk/loss, limited by your personal finances. Not using others finances and placing them at risk. By say... selling BTC that came from a forked-chain, which would require "insurance", to get your losses back, or require you to cover losses yourself.)

BTC is NOT...
A currency. It has no regulation or sole-ownership or fixed value.
A check. It has no regulation or sole-ownership or fixed value.
A bond. It has no regulation or sole-ownership or fixed value.
A stock. It has no regulation or sole-ownership or fixed value.
A commodity. It has no physical origins, regulations or sole-ownership.

BTC is...
A non-material virtual Asset. It has "claimed community-ownership", with "community accepted-ownership", with an "implied communal value". This is like saying you own the number "2", and want to sell it to someone. Only you have proof of ownership, of the number "2", in electronic form, that the community accepts as proof of ownership.

There are no laws for claiming to own the number "2". However, there are laws that determine what you can do with the claim of ownership of number "2". Which is standard tax laws, if you accept "money". But accepting to exchange number "2" for number "86", does not fall within the rights of any government, as the government does not own electrons, or the physical representations of those electrons, we call bits and bytes. Electrons are non-country-specific. Just because the "record" is on a US computer, does not make the COIN "2" property of the US, that simply makes the "record", property of the US, in the US. (Same if you kept a bank-statement here, for a swiss account of a friend. They can not claim ownership of the swiss account, because the record is here.)

Physical things created in a country, are not YOUR property. They are property of your country, with you having the right to USE the item, if you live in that country. Bitcoins have no physical form. Only physical "records". (Like a check, which is also not money.)

Saying you have to register as a money transmitter is like saying the airlines have to register as a money transmitter. Because they transport physical money across borders, from country to country, for exchange. Bitcoins are just the physical representation of ownership. The network/electrons are the transmitter, and is not a person, and there are no laws that machines/electrons must follow. That would make the ISP, the state, the govt itself, and the banks, the transmitters. They are already registered as money transmitters.

P.S. It is not LIKE owning the number "2", it is EXACTLY owning the number "2". You own the hash-value, which is a numerical representation of your ownership. It exists in every country, on the record, called the block-chain. It originated in-between atoms, as electrons, and was given "proof of ownership", by no specific regulated entity.
772  Other / CPU/GPU Bitcoin mining hardware / Re: What can i place my miner on for now? on: January 02, 2014, 02:33:47 AM
Placing it on cardboard should be OK, but putting it on the anti-static bag which it shipped in would be better.

Never operate electronics on an anti-static surface. The "Anit-static" part of the surface is conductive. You may short-out your electronics. That is what makes it anit-static, the ability to allow electricity to ground-out and flow freely through the material.

I suggest an insulated material, like plastic, or at-least dry wood. (Milk crate, sheet of plywood, clean unrolled soda-bottle, even wax-paper is fine.) Not styrofoam which is static-generating, or anti-static plastic, which is semi-conductive.

Yes the cards are fine used without risers, as long as they are supported. They are too heavy to free-stand, and may crack the mobo or pull/stress the pci-e connections. For safety, use a ground-wire attached to one of the mobo-mounting-holes, going to the PSU, and also to each of the cards metal mounting brackets. (Though, honestly, there are enough ground connections through the ground-wires.)

You should be fine.
773  Bitcoin / Hardware / Re: Official Thread: AMT on: January 01, 2014, 10:02:33 PM
lol...

That could be a good thing, or a bad thing... We already know they are not super people-persons... (Like a politician is.) They fit the standard profile of a BTC-geek being attacked by trolls. In my eyes, that is a bonus, as person/human, but a negative as a business/entity.

I will see if I can do anything, personally, now that the holidays are all over. To encourage them to come back to this forum, or at-least try to get any non-troll questions answered. Doesn't take much for me to drop my own sarcastic/idiot personality. (Ironically, that was a trait I learned from playing with trolls. For my own personal entertainment. lol. It's a forum, that's what you do on a forum, play with trolls all day, to kill time, while you wait for answers.)

Seriously though, things should start "flowing", now that delivery-congestion and customs-inspections around the world are disappearing and MFG's delays are shortening too. Only thing stopping "sales" at the specific moment is the exchanges limited deposits and withdrawing, due to the Asian holidays, which end on the 6th. That is slowing a lot of automated BTC-pay systems from "completing payments". (The payments go through, but some of the funds don't actually come-through until the holidays end.) That is also why BTC is nearly a flat-line and looks "stable" at the moment, on almost all exchanges. Almost looks like FIAT if you zoom-out on the charts. Tongue
774  Bitcoin / Hardware / Re: Least reliable ASIC company? on: January 01, 2014, 03:59:58 AM
I still find it funny that they can't seem to produce a few units... Complaining of lack of supplies... Then sell reels of chips, that could have been used to build the units people already paid for.

Now they are out-sourcing, because I see the new stuff uses personalized versions of "Coincraft A1" pcie-cards. Next they will resell KNC boards, re-branded as a new mini-jali II.

I think it is safe to say that BFL is dead as a MFG, and is still barely a distributor. Since it is cheaper to get individual items, or QTY items directly from the MFG they are getting the units from.

I wouldn't be surprised if they start hoarding all the knock-off Avalon II's, re-branded with a BFL logo on them.

This is what happens when CEO's attempt to rape a market, under the ploy of helping them. They always help themselves, and just screw everyone-else along the way. Old habits die hard. You don't steal from the poor to make yourself sort-of-rich... That is just a bad business model.

The one good thing, is that all this loss is making the value of BTC rise more. Since we have to raise our prices to cover the losses. I honestly hope they cashed-out ASAP, so they don't get any of this additional loss-reward.
775  Bitcoin / Hardware / Re: Official Thread: AMT on: January 01, 2014, 02:45:37 AM
Me six and seven...

Though, I can wait until after the new-year... which is only a few hours away.
776  Economy / Service Announcements / Re: 3.15 BTC/Each - AntMiner New Years Special NINJATECH.ORG - 3.15 BTC/Ea Special on: December 31, 2013, 01:33:14 PM
Might need a dummy-load, or the 12v regulator has no reference-voltage to adjust with. I believe it is the 5v rail, which is not the USB (always-on) 5v. Had that issue with using dual PSU's on some cheaper PSU's. Many new PSU's have a built-in dummy-load and better 12v rail regulation. Normally, the 5v->3v voltage-regulator on the Mobo, and fans, and leds, are the 5v source load.

A few 5v/6v fans is adequate "draw", for the chip to sense the drop, and give better 12v rail regulation. (Usually they just throw a giant wire-wound resistor as a dummy-load.)

Looking at these with interest. A new toy to play with.
777  Economy / Trading Discussion / Re: E-bay closed one of my bitcoin ads on: December 31, 2013, 12:22:27 PM
Someone reported one of your ads... Might have been competition... Might have been auto-triggered by your key-words.

E-bay is a horrible place to sell bitcoins, or bitcoin contracts. Chances are, you will lose, because the majority of people buying, simply say they never got the item/service. Getting a full refund, and leaving you minus any possible gains.

Best you can hope for, is an honest buyer. (Not many of those buying BTC on e-bay. Oh the irony!)

Try localbitcoins or craigslist or use any of the many exchanges. (FYI, pay-pal/e-bay complies with tax-reporting rules in every country. Just so you are aware... They report your income as income, since it is a violation to purchase your own items, or gift yourself.)

You could always just buy "something" with bitcoins, and then sell that "something" on e-bay. It offers more buyer/seller protection that way. I hear argyle socks are coming back in fashion!

To get around the "terms"... You can offer 0.1 BTC free, with every purchase of a $100 used-postal-stamp. (Can't legally sell unused stamps, as they are a form of money/currency. Unless they are no longer valid for use as a postal-stamp. Used stamps are "collectors items".)
778  Economy / Economics / Re: Do You think banks are involved in bitcoin ? on: December 31, 2013, 12:00:35 PM
Banks are involved in BTC...

Where do you think the exchanges are keeping the money you give them... Under their mattresses?

How do you think they write you a check, or deposit into your BANK account, the currency you exchanged? They don't use magic, they use some form of money transfer. They are not mailing you cash in the mail. That "device", is placing money in their bank, to deliver it to your bank.

I am sure you are using the money you get, to buy something from someone... who is also using a bank.

Banks are into BTC, as much as we are. Even if it is indirectly involved.
779  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple: Does it scare you? on: December 31, 2013, 11:52:55 AM
Ripple still exists... Isn't that a HYIP scam... You guys do realize it is a pay-forward leach, right...

What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...
780  Economy / Economics / Re: What are the next events to watch that could potentially bring BTC below $500? on: December 31, 2013, 10:03:20 AM
More miners being sold and the sellers using auto-convert payment systems that give them currency for the BTC they "claim" to accept. Which just instantly cashes-out BTC for currency, giving them an electronic deposit of currency, for a cut of the selling-price.

More "big holders", looking to expand "the market", who end-up cashing-out large volumes of BTC, (Which is a fraction of what they hold), to buy physical things that will make the remaining holdings they have, more valuable.

Big-shots, looking to buy big-toys, which requires withdrawing for currency. (Since big-toy producers are big, because they are paying taxes and not taking risks on BTC. They already make a killing just selling over-priced things to big-shots.)

Also more thievery, like the last massive viral BTC ransom that happened. Big drops there.

Next price-hike is income-tax time... when many people get returns, which they treat like "investment money", or "play money"... and will be willing to "buy a few coins", just because they can. In hope of it giving them a similar return, like it did the previous years. (Feb-Mar-Apr-May) By January, most know how much they will have to "play with", and some start spending money before the actual return comes.

No new technology worth buying this year... So, I imagine this will be "The year of saving and investments". A boom on all exchanges, including stocks and banks.

P.S. BTC is being added to many "regulated" forex markets, and some unregulated fores exchanges too. By the dozens each week. Those "difficult" exchanges will die-off, because forex trading will be a lot easier to get money in and out from BTC.
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