Interesting to see what happens to S5 market price.
Falls down and then recovers. Currently, you can buy 1x S5 for 1 BTC Is this true? Where? If so, I'll take them all! probably not a machine that you can later sell; just a hash equivalent on hashnest, but I digress. |
|
|
|
18k USD is nothing. One million is my target.
only if ALL of the following happens: 1. governments embrace bitcoin instead of making FED/ECBcoin-probability 20-50%. 2. governments prod banks to accumulate bitcoin-If #1 happens, then probability is close to 100% 3. monetary system switches to bitcoin on a large scale-probability is close to 100% if #1 happens 4. bitcoin remains at 21mil limit-probability unknown (1-100%, depending on whether #1 happens) all probabilities-in my opinion |
|
|
|
imho quite miners are very important to keep bitcoin decentralized.
as stated in the op: they can be used as heating devices which essentially means: mining is only a by-product. no data-center can beat this.
i really hope many vendors will enter this consumer market.
bring back the s-3 with s-5 chips 2 boards 2000 gh 500 watts the s-3 is the greatest miner ever made if used for heating as its primary purpose. yeah, these would be versatile..and a much better seller to retail crowd/us. bitcoin market is truly messed up right now with basically no large scale suppliers except BM. |
|
|
|
Don't be fooled by the quiet and stable price. The next pump will bring it all the way up to at least $18000.
There simply is too much demand.
Put your buy orders now
Haha good stuff old friend. $18,000 is a dream. I'm a bit doubtful about those kind of prices in the near future though. I think those kind of prices are possible in about 10 years but I can't see it at the moment. There are too many people manipulating the price & dumping every time we get near 300. We need people to HODL & stop selling. We need to limit the supply. We also need some proper good news, a massive company like Amazon or Walmart etc to start accepting bitcoin. We need the Winklevoss Gemini Exchange to be approved, we need their ETF to be granted. The reason the price has stagnated is because there's nothing making average joe want to buy bitcoin. Things will get better we just need to be very patient. Don't be weak & sell. HODL for years, it may be the best thing you ever do. the industrial miners such as knc, bitfury, spondoolies/btcs, bitmain, chinese farms are doing all the selling, individual miners either do not sell or are a small %. |
|
|
|
I don't think you will ever need to resell your RM1000. It will olways be usefull for mining. I have 3 of them and a RM650. At the moment running 5 S5's
When my S7 is coming i will use the 1000 and the 650 for it. And 2 RM100 to run 3 S5's
Thank for the info. Didn't kwon you had 110v and 220v in the usa
Depends on wiring and breakers. I have 120 and 240 and I am in US. So it just varies. But I agree keep the PSU's you will love it later on if you buy a miner and already have PSU's. This has been my feelings from beginning and it's nice to have extra PSU's. Also anyone notice if people waited till right now they paid less BTC - Price: 1823 USD ( 7.604 BTC ) . I hope bitcoin goes up and they do not jack prices guess we will see. I ordered 4 today at 1823 USD ( 7.569 BTC ) each. I was pleasantly surprised that the USD price wasn't higher... whats your electric rate if you don't mind telling us? My rate is fixed year round 13c kwh .....so the boat don't float  (also 2 titan(s) in basement not yet to doorstop status that is 2500 watts ...so looking at this beast I shudder of the vision on my 100 amp service melting ) but really at 13c kwh home mining is dead .......alas and I think? this beast only has a 90 day warranty? if so ....with heat/power etc I wonder if that is warranty is robust enough of only 90 days? (then again KNC has a 1 year warranty but basically have closed shop so maybe don't matter much...if you can't get help ) I am trying to figure out if the new 3.9-4.9c 6 mo residential rate in my area is real and not a gimmick and if yes, how to get out of my current 10c rate with still two-three months to go. i will probably have to endure as it costs $150 to cancel. Where in MO is that rate being offered? I was not aware of anything like that in the area. Thanks if you do share ... please ^^^^I did, just above your post |
|
|
|
I don't think you will ever need to resell your RM1000. It will olways be usefull for mining. I have 3 of them and a RM650. At the moment running 5 S5's
When my S7 is coming i will use the 1000 and the 650 for it. And 2 RM100 to run 3 S5's
Thank for the info. Didn't kwon you had 110v and 220v in the usa
Depends on wiring and breakers. I have 120 and 240 and I am in US. So it just varies. But I agree keep the PSU's you will love it later on if you buy a miner and already have PSU's. This has been my feelings from beginning and it's nice to have extra PSU's. Also anyone notice if people waited till right now they paid less BTC - Price: 1823 USD ( 7.604 BTC ) . I hope bitcoin goes up and they do not jack prices guess we will see. I ordered 4 today at 1823 USD ( 7.569 BTC ) each. I was pleasantly surprised that the USD price wasn't higher... whats your electric rate if you don't mind telling us? My rate is fixed year round 13c kwh .....so the boat don't float (also 2 titan(s) in basement not yet to doorstop status that is 2500 watts ...so looking at this beast I shudder of the vision on my 100 amp service melting ) but really at 13c kwh home mining is dead .......alas and I think? this beast only has a 90 day warranty? if so ....with heat/power etc I wonder if that is warranty is robust enough of only 90 days? (then again KNC has a 1 year warranty but basically have closed shop so maybe don't matter much...if you can't get help ) I am trying to figure out if the new 3.9-4.9c 6 mo residential rate in my area is real and not a gimmick and if yes, how to get out of my current 10c rate with still two-three months to go. i will probably have to endure as it costs $150 to cancel. What are is that and can I move there? planet Houston; you are invited (we get ~100K newcomers/year) 3.9c for 1kwh, 4.9c for 2kwh, 6c for more than 2kwh, 6mo from GEXA |
|
|
|
I guess people are still speculating on the BTC value going up to 600s? I don't know, it just seem like there's a world of difference between the perceived value of the miners. I think i'm part of the logic/pragmatic side; "Okay so it will most likely take 6+ months to break even before considering price/diff fluctuation and electricity cost. Yeah no, pass." Versus; "A new miner? Omg i throw money at screen but its not shipping out any faster  ." Meanwhile i'll put a sidehack stick in my Luci open-wrt router and bam! AntRouter!? lol, I don't think that he will market it as such. |
|
|
|
Besides the power/noise profile of the S7, the price is a real deal breaker for me. Unless and until Bitmain has a reason to reduce the prices (e.g. serious competition), they will get a premium price for the S7. I think any BTC price machination are strictly cover for having Bitmain adjust the price the way they want. We saw this during the early days of the S5, and never made sense to me, It always seemed more related to what Spondoolies was charging.
I am close to 100% sure that they can charge $1000 for S7 and still make a hefty profit. After all, there are only 2.7 times more chips in there. $350X2.7=$945 the rest is cable and plastic plus $15 for a extra fan=less than $1000 with similar profit margin as S5. |
|
|
|
|
Not much to talk about until it is shipped.
Cooling and noise solutions-i would be interested.
|
|
|
|
I don't think you will ever need to resell your RM1000. It will olways be usefull for mining. I have 3 of them and a RM650. At the moment running 5 S5's
When my S7 is coming i will use the 1000 and the 650 for it. And 2 RM100 to run 3 S5's
Thank for the info. Didn't kwon you had 110v and 220v in the usa
Depends on wiring and breakers. I have 120 and 240 and I am in US. So it just varies. But I agree keep the PSU's you will love it later on if you buy a miner and already have PSU's. This has been my feelings from beginning and it's nice to have extra PSU's. Also anyone notice if people waited till right now they paid less BTC - Price: 1823 USD ( 7.604 BTC ) . I hope bitcoin goes up and they do not jack prices guess we will see. I ordered 4 today at 1823 USD ( 7.569 BTC ) each. I was pleasantly surprised that the USD price wasn't higher... whats your electric rate if you don't mind telling us? My rate is fixed year round 13c kwh .....so the boat don't float (also 2 titan(s) in basement not yet to doorstop status that is 2500 watts ...so looking at this beast I shudder of the vision on my 100 amp service melting ) but really at 13c kwh home mining is dead .......alas and I think? this beast only has a 90 day warranty? if so ....with heat/power etc I wonder if that is warranty is robust enough of only 90 days? (then again KNC has a 1 year warranty but basically have closed shop so maybe don't matter much...if you can't get help ) I am trying to figure out if the new 3.9-4.9c 6 mo residential rate in my area is real and not a gimmick and if yes, how to get out of my current 10c rate with still two-three months to go. i will probably have to endure as it costs $150 to cancel. |
|
|
|
|
Q7 is a worthwhile idea, but i think that they will go to Antrouter instead for a quiet miner.
It will have S5 chips, and as such it will not be anything special as far as productivity is concerned.
All manufacturers had pretty much abandoned the $400-600 market that home miners favor.
Maybe it is more difficult than we all think to make something that will sell in this price area.
Why not "make something twice as loud for three times as much" pseudo logic seems to be winning.
|
|
|
|
Regarding Finland's basic income, keep in mind that as it's being discussed now, the system is projected to be no more expensive, or even cheaper, than the current unemployment benefits system. This is because the bureaucracy and side-effects of a welfare system that needs to ensure everyone receiving benefits deserves them are costly.
There's no actual empirical data out yet, of course, so this debate will go on until someone tries. IIRC 500 EUR / month is the sum that's being considered in Finland.
500 eur is $575. This PLUS housing makes some sense. You cannot survive on $575 and pay rent in a large US city. Houston (maybe fourth or fifth largest) is cheap in comparison with LA, Chicago or New York, but for $400 you can only get bug infested half house with a communal kitchen and showers, nothing much better. More choices in ~$470 area, but anything decent is at least $500. i had a disabled relative looking for housing and that's what he found. |
|
|
|
here is an interesting detailed study regarding robots use as far as threat to employment is concerned; http://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdfbottom line: 47% of US jobs are projected to be at risk to robots. Less likely to be lost: business management, computer, engineering and science, education and healthcare More likely to be lost: office, sales, service support, production, construction Check out the last page where most categories are: some have probability to be lost to robots at 99% Jobs have been automated since the dawn of humanity. Useless jobs are destroyed by technology and new jobs are created in new economic sectors. That how the economy has always worked. Do a research about "Luddite", you are one. I simply cited an academic article. Incidentally, unemployment among young people in Italy is 44% http://ycharts.com/indicators/italy_youth_unemployment_rate_lfs, in Spain-48% http://www.tradingeconomics.com/spain/youth-unemployment-rateUS labor participation is at 38 year low at 62.6% http://data.bls.gov/timeseries/LNS11300000BTW Barron's article is written by Tom Donlan, hardly a socialist... I present facts, all you have is....I am still waiting... All I have is sound economics. 1) It's not because there is unemployment today that the cause is robots. 2) It's not because half of the jobs will get destroyed in the future that unemployment will rise. If you don't understand why I cannot do anything to help you. your "sound economics" cannot explain anything. If unemployment is close to 50% among some countries youth, it simply means that something is wrong, NOT that it was caused by robots, hence the word incidentally. In the FUTURE, labor will have a limited use, and that is what Donlan seems to propose and there are trends in numbers to support it, case closed. Oh really, something is wrong? wow I am shocked. In the future labor won't have a limited use, I already toldyou that. I will tell it again: in the future as much as human labor will be needed than today. Do you want me to tell that one more time? tell it to WSJ. |
|
|
|
here is an interesting detailed study regarding robots use as far as threat to employment is concerned; http://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdfbottom line: 47% of US jobs are projected to be at risk to robots. Less likely to be lost: business management, computer, engineering and science, education and healthcare More likely to be lost: office, sales, service support, production, construction Check out the last page where most categories are: some have probability to be lost to robots at 99% Jobs have been automated since the dawn of humanity. Useless jobs are destroyed by technology and new jobs are created in new economic sectors. That how the economy has always worked. Do a research about "Luddite", you are one. I simply cited an academic article. Incidentally, unemployment among young people in Italy is 44% http://ycharts.com/indicators/italy_youth_unemployment_rate_lfs, in Spain-48% http://www.tradingeconomics.com/spain/youth-unemployment-rateUS labor participation is at 38 year low at 62.6% http://data.bls.gov/timeseries/LNS11300000BTW Barron's article is written by Tom Donlan, hardly a socialist... I present facts, all you have is....I am still waiting... All I have is sound economics. 1) It's not because there is unemployment today that the cause is robots. 2) It's not because half of the jobs will get destroyed in the future that unemployment will rise. If you don't understand why I cannot do anything to help you. your "sound economics" cannot explain anything. If unemployment is close to 50% among some countries youth, it simply means that something is wrong, NOT that it was caused by robots, hence the word incidentally. In the FUTURE, labor will have a limited use, and that is what Donlan seems to propose and there are trends in numbers to support it, case closed. To me personally, it means that we will have to acquire income by new innovative means. Bitcoin plus ethereum, perhaps, is our best shot on doing this, in my opinion. |
|
|
|
bumping
price reduced to $470 in btc.
because of btc price surge, it is less than 2btc currently
Yeah, but at just current growth and .05/kwh, it will only return 1btc in 180 days. Best of luck with your sale, but I think the train already has left for > $.30/gh older gen units even at their most efficient settings. thanks you project current growth, but do not project current price trend, which is also sharply upwards, making miner less expensive in btc. older units are still profitable and current electricity costs are decreasing due to low oil price (GEXA in my area now has 3.9c/kwh residential tariff including delivery for 6mo 1-2kw) |
|
|
|
here is an interesting detailed study regarding robots use as far as threat to employment is concerned; http://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdfbottom line: 47% of US jobs are projected to be at risk to robots. Less likely to be lost: business management, computer, engineering and science, education and healthcare More likely to be lost: office, sales, service support, production, construction Check out the last page where most categories are: some have probability to be lost to robots at 99% Jobs have been automated since the dawn of humanity. Useless jobs are destroyed by technology and new jobs are created in new economic sectors. That how the economy has always worked. Do a research about "Luddite", you are one. I simply cited an academic article. Incidentally, unemployment among young people in Italy is 44% http://ycharts.com/indicators/italy_youth_unemployment_rate_lfs, in Spain-48% http://www.tradingeconomics.com/spain/youth-unemployment-rateUS labor participation is at 38 year low at 62.6% http://data.bls.gov/timeseries/LNS11300000BTW Barron's article is written by Tom Donlan, hardly a socialist... I present facts, all you have is....I am still waiting... |
|
|
|
here is an interesting detailed study regarding robots use as far as threat to employment is concerned; http://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdfbottom line: 47% of US jobs are projected to be at risk to robots. Less likely to be lost: business management, computer, engineering and science, education and healthcare More likely to be lost: office, sales, service support, production, construction Check out the last page where most categories are: some have probability to be lost to robots at 99% |
|
|
|
http://www.barrons.com/articles/a-labor-day-lament-1441434177the following below sounds like a dream that might not happen (at least for a while). If robots rise and create enormous output per unit of labor, there may well be a taxable surplus sufficient to support a welfare system that provides a birthright income at a standard of living like that earned today by a hard-working doctor. (Autodocs will replace real doctors, of course.) Most Americans would be able to choose an occupation based on satisfaction without concern for whether they can live on its salary. more realistically, how well can we, humans, function in a gig economy? what if you didn't get a gig? humans cannot switch themselves off as robots might. ...the gig economy, which features independent contractors working task by task at rates and hours reflecting supply and demand. i see a promise in acquiring crypto, since crypto, like bitcoin or ethereum might eventually drive robotic economy, therefore giving owners a chance to participate in future economic activity instead of simply being on the dole or "basic income". There is already enormous output per unit of labor. Yet we have to work. What most people fail to grasp is that human labor will be needed until the day every wishes human beings could possibly have will be totally fulfilled. In other words, labor will be needed until each human being become a god. ahem, the article is about robots... Robot will not removed the need to work, they will only create growth and growth has fueled the welfare state since the early 20th century. More things change the more they stay the same. they will not remove your need for work, but the they will remove the most employer need for your work. All what will be left for you, me and others would be gigs (some people are actually quite good at this), then even gigs might be gone. |
|
|
|
We've been promised work-free paradise for an awful long time. As the world has nudged towards increasing autonomy it's become an ever shittier place for the average drone to live. It'll be fascinating to see how it's sold to people as ever more industries jettison the human factor. There's only so much of an economy you can build selling elaborate coffee to each other.
right, WTF is a "gig economy" when you got no gig? |
|
|
|
http://www.barrons.com/articles/a-labor-day-lament-1441434177the following below sounds like a dream that might not happen (at least for a while). If robots rise and create enormous output per unit of labor, there may well be a taxable surplus sufficient to support a welfare system that provides a birthright income at a standard of living like that earned today by a hard-working doctor. (Autodocs will replace real doctors, of course.) Most Americans would be able to choose an occupation based on satisfaction without concern for whether they can live on its salary. more realistically, how well can we, humans, function in a gig economy? what if you didn't get a gig? humans cannot switch themselves off as robots might. ...the gig economy, which features independent contractors working task by task at rates and hours reflecting supply and demand. i see a promise in acquiring crypto, since crypto, like bitcoin or ethereum might eventually drive robotic economy, therefore giving owners a chance to participate in future economic activity instead of simply being on the dole or "basic income". There is already enormous output per unit of labor. Yet we have to work. What most people fail to grasp is that human labor will be needed until the day every wishes human beings could possibly have will be totally fulfilled. In other words, labor will be needed until each human being become a god. ahem, the article is about robots... regarding basic income idea in US-there is NO way it will be implemented in the next 20-30 years as there are no funds or support for this idea. In US, even a completely disabled person who could never ever find work gets ~$720/mo, which in any city is enough to find a slum type living arrangement and close to starvation food supply if not for additional $150 per month in food stamps, then they can make some ends meet and even buy a bit of clothes. |
|
|
|
|
Show Posts
