I am no psychologist but you do seem like you do not think you made the best decision when you chose to have your miners hosted for you. you are just hopping people will support your choice and say hey you made the best decision of your life. ! i don't know exactly what are you hoping to read but I can tell you that there is nothing wrong with both methods. it all comes down to your way of doing things, skills , location and available time.
in most business, the greater the risk, the higher the rewards. you chose to take less risk by paying extra and getting less profit. nothing wrong with this.
myself on the other hand would only build my own, specially if the number was a big as yours 2000 S9's. as you mentioned you were able to start mining when there was a market for it. so assume you paid well over 1k per miner, you went above 2 million $ ! . I do not know about your whereabouts but where I live it would be very stupid to have 2000 Asics hosted. you looking at about 3 MW set up. nothing too complicated ! , i would have made much more profit building my own farm than having my 2000 Asics hosted at more expensive power rate.
but again as i mentioned it all depends, most Chinese farms buy their own power plant, typically building a whole complete infrastructure from scratch in order to get dirt cheap power rate as appose of having the electric company supplying them with their own . this does not make them less smart than you are. it's just different for everyone.
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the main point here is simply asking why havn't we seen a huge drop on xlmbtc and xrpbtc ? usually when BTC dips alts dumps against it. but this last dip it was pretty different.
it is because in the charts you have posted here, you have zoomed out of bitcoin chart as much as you could and you are looking at the daily charts while you have zoomed in the altcoin charts and are only looking at the bounce back part of it so you think there was a rise. what happened is that there is a huge FUD going on against bitcoin and there is a huge sell off in bitcoin market which is KEEPING the price down while the altcoins got dumped as bitcoin dropped but since there was nobody "continuing to sell them" the price bounced back a little hence decreasing the over all size of the drop when you calculate it using the current price and price before the drop. you have quite a good imagination , i did not zoom out or in of anything. i simply screenshot the charts as they were showing on my screen with no intention of making any illusion. the charts were simply to show you the last 3 candles on the daily chart regardless of how large or small they may look they are all on the same time-frame. these are charts based on real values, it's not what i THINK as you mentioned. any how, you have a good explanation on why haven't those coins dumped. which is obvious ! nobody was "continuing to sell them" which has not been the case in most other dips. most of the time if not all, every time people sold bitcoin with that huge volume , people panic and sell more ALTs. it's this concept that most traders have, if btc that has almost 50% of the market cap is dipping then it will only be worse for ALTs. but this time it was different. and if you look at XRP chart of today it's up 5.5% the last 24 hrs. this makes xrp down by -2.7% on 7-days change. xlm gained 2.77% the past 24hrs makes it down -5.32% based last 7 days change, while bitcoin gained .16% the past 24hrs and down by -13.46% on 7 days change * all based on USD rate for 7 days change.
the image above is from CMC app , which represents the average of most exchange platforms. if you can't trust the numbers shown there. open the charts and do the calcs yourself. you will get at least 99% the same figures. so really it's nothing of what I THINK , it's what the numbers show. Again i am not shilling any of these coins, in fact i am quite upset about my thoughts. i am worried that people will keep selling their btc for ALTs ,specially those POS coins that i personally dislike. one guy i knew sold all his btc for xrp thinking xrp has a better support by bankers and in terms of growth centralization will have better success. seems like he is not the only one thinking this. and this may be a new trend for many traders. I hope i am wrong tho. anyway the next DIP will show how will investors react. I pay attention to some stable altcoins, those are... DGD (DigixDAO) USDT (Tether) MKR (Maker) BTS (BitShares) and DAI to be honest, Bitcoin is still far less stable than these five altcoins.
i wouldn't touch any of those coins. risky as hell. if you want to be in the stable mode then just keep fiat. just my 2 cents If we analyze the market in 7 days interval, we can arrive to any conclusions, depending on which intervals exactly to pick. Maybe for now BTC seems more volatile then some of ALTs, but in the long run I don't find these charts to be a reliable source of data for trading or investment decisions.
indeed , 7 days interval is no were near accurate enough to come up with any conclusions. but this could be a kick-start of a new era. Shitcoins surpassing BTC, and if that train is about to move i want to be in it not just watching from the outside
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This doesn't seem like a BIT OF A MOISTURE ISSUE. as it looks in the image a child can swim in there. you need to figure out where it comes from, seems like a roof leakage to me.
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are you sure you have the S9 and not s9i or j?
if you are certain that you have S9 then what you should do is flush it with the newest version "the auto-freq" and then flush the LPM.
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For me I think bitcoin is more stable than alts, meanwhile bitcoin is what controls the entire market, if you check very well alts dumps together with bitcoin and they likely moon together (like father like son)
yes this has always been the case, but not with this recent dip. check the comment below, see how xlm could care less about btc dumping. if we see another dip for btc and xlm holds, then it would be a strong sigh that some alts will decouple from btc. we need to be open minded to whatever the future may bring and not to always live in the past.
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why are many of you buthurt? unless you are dumb enough then I do not see where and how did you conclude that i am trying to spread FOMO or HYPE over xlm and xrp? mining is one of the main sources of income for me. I so want nothing more than BTC and pow coins succeeding over these pos coins including xrp and xlm. the only time i buy those coins is when i day trade them to get more BTC . so really relax not trying to shill xrp and xlm. the main point here is simply asking why havn't we seen a huge drop on xlmbtc and xrpbtc ? usually when BTC dips alts dumps against it. but this last dip it was pretty different. BTCusd xlmbtc xlmUSD look at the last 3 daily candles. BTC is dumping , xlm doesn't give a fuck ! . this is a rare case. I have been trading the market for quite sometime and almost every time BTC goes down against USD , ALTS dumps even harder. this time it was different and it kinds rings an alarm ! if you look at ETH, LTC ,EOS,ADA,XMR,TRX,DASH etc, they all lose value against BTC therefore losing more $ value than btc. but these 2 coins have not. this is what I am trying to point out. talking particularly about this last dip, and not from ATH. To sum up, I personally think that investors might start to have more trust in ALTs than they did before, i know no ALT will surpass BTC at least I will not live long enough to see that happen, but i highly think the next bull run will favor some ALTs more than BTC. If you want to be BTC enthusiast that is your problem, I am in this to make more MONEY that's my first motive, second motive is the technology. I bet all of us are the same but most of us are just to shy to admit it saying we are in for the technology.
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The true believers are there, we are still mining, hodling and trying to improve the adoption of crypto. even if you joined last month you are still an early adopter. 5 years from now people will regret not buying the dip, same shit happened every year from year 1 in crypto.
dude, get yourself 10 btc stored in a hardware wallet, come back in 5 years and you are a fucking millionaire. mark my words.
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So regardless of the reason of this last dip. I noticed 2 of the top 10 coins ( XRP and XLM) sort of survived the dip and performed well against BTC which usually is not the case comparing this dip to previews dips . take 11th oct 2018 for example.
in USD rate in the last 7 days :
BTC dropped : 13.48% XRP dropped : 6.7 % XLM dropped : 9.2%
also XRP surpassed ETH "not for the first time" but this time i think it will last.
I think that these 2 coins will remain more stable than bitcoin for a long time.
seems like centralization or semi-centralization in crypto is going to take over one way or the other. I hope not but we shall see soon.
tell me what you guys think?
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I have a few S9s running with free power and I have a diesel generator as a back up. those will never be turned off, there will be no end of mining you got my words
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Interesting. (Some people say that a hashrate drop could even help to find a floor to the price, because as block times become longer there are less rewards paid per day, and thus less supply on the markets. But I have some doubts about that.) This statement is 100% wrong. as the hashrate drops, difficulty drops along to maintain an average time of 10 mins per block. nothing will affect the fresh supply but the halving.
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I have 300*55$ bitmain coupons. I also have access to my friend's coupons around 600 pcs. these are the only coupons for now. nothing with higher value is there, everything else expired. please note that these coupons can't be used Items that are less than 110$ such as > L3,D3,A3 or PSUs. they can be used for S9,T9,S15,T15,E3,X3,Z9,Z9 mini. you can not use more than 1 coupon for each miner. price is 0.5$ ( 50 cents)
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I'm looking for $125 or $140 Coupons. Let me know if you have any you are asking to get scammed. the only available coupons out there now are 55$ expire end of this month. anything else is fake. you can confirm with bitmain if you would like. I have a few hundreds ( nearly a thousand) 55$ coupons. if you are interested send me a PM.
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I am trying to build my "online" translation portfolio. Therefore, I am offering a free English to Arabic translation service for a limited time. I have a good "offline" portfolio that I can not use as a reference, so I am going to start from scratch here. I guarantee a perfect translation from English to Arabic, but I can not guarantee the opposite, as I was not trained to do so, However I can still provide that service if needed. I have a degree in computer science , so I am very familiar with all the IT related vocabulary such as , Blockchain , Networking , Programming and Database vocabulary. I will be offering a few free of charge Arabic translations, so make sure you send something interesting that I can work with
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Waiting for the z9 mini version, if ever !
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If there is no problem , don't create one. i am using the S9 firmware on S9i and it's been working great. as long as it's hashing and showing on the pool then you are good.
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Hello , iam having a problem i have apw7 bitmain psu and 2 miners using it, X3 and Z9 mini . but sometimes (mostly after 6 hours) z9 mini goes offline and i cant even connect to it via IP i just have to unplug it. Now its ok for 8.33hrs Please help. Thanks https://imgur.com/a/1o80Q4Bhave you tried the old firmware "from may" on your Z9 mini? it might fix the problem. i think x3 and z9 mini won't overload an apw7 , we talking about 550-600 for the x and 300-350 for the z9. you are way too far. so i would guess it has to do with the firmware. give it a try ** i doubt you will find the may version on their website as it allows people to overclock non-batch1 which they don't want. but i am sure you can find it on the forum or else where.
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"bestshare": 1870674813.055633, on a V9 here.. Shame the miner don't seem to show me the best share in GUI so I have to do with the stats on the pool.
one billion, eight hundred seventy million, six hundred seventy-four thousand, eight hundred thirteen!
and a electric bill that could stretch from the UK to China lol
since you have an expensive power rate. why not just play the loterry with something that is power friendly like those ASIC USB Bitcoin Miners. at least to lower your power bill, i know you might say the hashrate on those things is super low. but really in this game our chances are slim to nothing, so from a LOGICAL "not based on numbers" point of view, it really does not matter whether you hashing at 5th or 5mh. it is simply a plain a shot in the dark, wether your eyes are open or shut.
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i do not understand why some replies implies that there is nothing much that can be done on the software layer. if what they say is true then how do you explain the effect of overt/covert asicboost? it is certainly far from being "double" the performance, but there are things on the software side that can improve hashing.
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If the current NetHash is 46,192.79 Ph/s The BestShare hitting a block need to be over what?
P T G M K H/s 46 192 790 000 000 000 000
or divided for 10k (Pool difficulty)
or some other number?
Thank you!
the share needs to be => 7,184,404,942,701 " current bitcoin difficulty I keep hoping that one of my S9s crap that number out!! the best i got with my S9 so far is only 10 digits but again, you may never know what could happen. Good luck to everyone
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