Time to start saving coin
I like this reply best. I am glad that: a) I did not crack and buy the s-5++ b) I grabbed some coin when prices dropped yesterday. I also did not buy S5+ as there was no immediate appeal, but I will not buy any more coins until it is the time to pay up-who knows what other ridiculousness might still come out of the current debacle. |
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BITMAIN launches the 4th generation bitcoin mining ASIC: BM1385
32.5GH/s per chip, 0.216W/GH/s with 0.66V core voltage Chip & Miner Power Efficiency Comparison | BM1380 | BM1382 | BM1384 | BM1385 | | Produced in | Q4 2013 | Q2 2014 | Q4 2014 | Q3 2015 | | Primary model used in | AntMiner S1 | AntMiner S3+ | AntMiner S5 | AntMiner S7 | | At the wall power consumption | 2000W/TH | 800W/TH | 510W/TH | 230W/TH |
Antminer S3++
Antminer S4
Antminer S4+
Antminer S5+Could also come S7+ or S7++ ? you forget that every single model that has came out has had a chart that showed much better j/ghs rate then the machine has actually produced.. hopefully 230w/th doesnt end up 400w/th  as far as I remember the power consumption was exactly as stated here 2W/Th for S1, 0.8 for S3 and 0.51 for S5. You are probably referring to the theoretical curve using 9V that they showed for S5, but they abandoned it later on and S5 does indeed consume 0.51W/Th. |
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BTCS Gains Traction in its Transaction Verification Business
[...]
The Company’s pending merger with Spondoolies-Tech is expected to further accelerate growth of BTCS’ transaction verification services. The addition of Spondoolies’ third-generation Application Specific Integrated Circuit (“ASIC”) servers, which are anticipated to provide a 3x-5x efficiency improvement, should significantly increase the Company’s hashing power and improve operating margins. The implementation of third-generation servers at the Company’s North Carolina facility is expected to yield a hash rate of between 13,000 and 29,000 Th/s (trillion calculations per second). BTCS averaged a hash rate of 891 TH/s during the first half of 2015.
[...]
Interesting that in that press release, unless I'm just not seeing it, the words "Bitcoin" and "Mining" don't appear anywhere in it. Instead they use "Transaction Verification Services" and "Hashing" as the only words that describe what they are doing. the company that is ashamed to mention the word bitcoin (that's what they are verifying) is bound to not have any success in this endeavor. they also assume that there will be transactions to verify. the whole thing is in state of implosion, it seems...sometimes even before that there will be not that many transactions as people might soon stop doing much of transactions on the bitcoin blockchain. |
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Did you power the noctuas from the s5 mainboard?
Yes, I did (if you mean on the controller in the middle). One small rail on the connector is in the way, so I clipped it off. I have Noctua NF-F12 IndustrialPPC - 3000 PWM , mine does not work with the 4 pin rail (where the original fan was connected). Is there a reason for not working?Do I need to make a modification?I power the fan from the PSU. few things: 1. if you are powering the fan from the PSU (through molex adapter), then why are you talking about 4 pin connector on the miner? 2. in order to properly fit Noctuas connector to the 4 pin connector on S5 controller, you would need to clip a small black ridge on Noctua connector with a nail clipper or something like this, otherwise the plastic side on S5 connector is bent and the connection is not good. Make sure that you are connecting it in proper orientation and engage all pins. 3. Also noctua is very silent on low speeds, so you have to look carefully if blades are moving. It could take a few seconds after you restart the miner for blades to start rotating. 1.I have no problem with the fan when powered by the PSU. 2.I will search for the bridge. 3.No,it is dead silent.It is not working.The industrial fan is not so silent. bridge? something is lost in translation you just need to clip off or file off the small bump/ridge in the middle of noctua connector (no bridge is required), then connect to s5 in proper orientation. in addition-do you have the 4 pin pwm connector on your noctua? if you have 3 pin instead, then it would not work on the S5 controller. |
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Did you power the noctuas from the s5 mainboard?
Yes, I did (if you mean on the controller in the middle). One small rail on the connector is in the way, so I clipped it off. I have Noctua NF-F12 IndustrialPPC - 3000 PWM , mine does not work with the 4 pin rail (where the original fan was connected). Is there a reason for not working?Do I need to make a modification?I power the fan from the PSU. few things: 1. if you are powering the fan from the PSU (through molex adapter), then why are you talking about 4 pin connector on the miner? 2. in order to properly fit Noctuas connector to the 4 pin connector on S5 controller, you would need to clip a small black ridge on Noctua connector with a nail clipper or something like this, otherwise the plastic side on S5 connector is bent and the connection is not good. Make sure that you are connecting it in proper orientation and engage all pins. 3. Also noctua is very silent on low speeds, so you have to look carefully if blades are moving. It could take a few seconds after you restart the miner for blades to start rotating. |
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Doesn't wisdom of the crowd add up all the results and then get the average guess, instead of the most popular guess?
So adding up all the results I am getting: 18,147,032
Divide 152 votes
= $119,388.36
That can't be right... or can it?
Average "wisdom" of a crowd is not something that should be taken seriously, it's more of a laughing matter. Since bitcoin highly depends up on related progress and speculative news, either way you turn this around , it will still be a high gamble. One thing i know for sure; there's a lot of money to be made on bitcoin, and that money cant be made if bitcoin is allowed to fail. cheers au contraire Apparently, crowd based app predicted all last elections results. but I agree that it is irrelevant here because btctalk crowd has on average a positive bias toward bitcoin. |
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I went with bitmaintech's new hashnest offering instead
I got 10th for 6.66 btc.
Frankly I rather have this unit but the wife would kill me.
The price is good 2375 usd for 7.7 th
with shipping to usa 2473.37 keeps under that 2500 barrier. (thank you)
As for my choice of 10th for 6.66 btc
bitmaintech has sold 10,514 1th contracts for PACMIC v3 in the last 20 hours
that is about 7000 btc in sales.
It would be interesting to see what turns out to be the better buy.
phil, I cannot really get that pacmic stuff. You pay for Th, then they will pay you until principal is paid, then they say the machine belong to them. So, where is your profit? Is today the first day and is there a pacmic thread? Thanks link https://www.hashnest.com/contractsthey pay two payments one is interest (your profit) one is contract payback. it comes to about 12-14% per year. so 1 or 1.1 percent a month. my 6.66 btc should earn .21 btc profit in about 75 days. so in theory 6.66 btc will be 6.87 btc I am getting 0.00006912 BTC/day (6912 satoshis) for one contract (1Th), which is equal to ~0.0021 BTC/mo per contract. Hence, 10 contracts (10Th) will get someone 0.021 BTC/mo in "interest" on 6.66 btc spent. Total expected interest on 6.66 BTC invested in 75 days (until the contracts are finished)=~0.051 BTC As a result, i am getting a different interest rate than you. What is wrong with my math? |
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pacmic: it looks like it gives you 69120 satoshis/day in bonus per Th (0.185/day or $5.5/mo). So, 10Th=$55/mo bonus, which comes down to ~1.8% interest.
They don't include the cost of mining, so it looks like contract will be paid off in ~73 days if difficulty increase is 1.57% on average.
So, you'll get ~$13 of BTC in bonuses per 10 TH (6.66 BTC), so investing ~6.7 BTC will get you 0.048 BTC in profit in ~73 days
The risk is that difficulty might increase faster and you never get your 6.66 BTC back completely
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I went with bitmaintech's new hashnest offering instead
I got 10th for 6.66 btc.
Frankly I rather have this unit but the wife would kill me.
The price is good 2375 usd for 7.7 th
with shipping to usa 2473.37 keeps under that 2500 barrier. (thank you)
As for my choice of 10th for 6.66 btc
bitmaintech has sold 10,514 1th contracts for PACMIC v3 in the last 20 hours
that is about 7000 btc in sales.
It would be interesting to see what turns out to be the better buy.
phil, I cannot really get that pacmic stuff. You pay for Th, then they will pay you until principal is paid, then they say the machine belong to them. So, where is your profit? Is today the first day and is there a pacmic thread? Thanks |
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I am quite curious about this poll.
Reason: when there was a poll in Feb 2014 re bitcoin price in a year, the average of all answers was $2000, but in reality, it was ~$220 in Feb of 2015.
So, the wisdom of the crowds was totally wrong, however, maybe the questions were asked among bitcoin aficionados and hence, unreliable (as predictors).
$10K seems to be a sweet spot for the pole (and i voted for it as well), but i wonder if we are simply biased.
If the wisdom of the crowds is nonsense, then some models that people are proposing to make predictions about a future using blockchains are bogus as well.
I think that the accurate number would have been if you asked 1000-2000 average Joe/Janes the same question, but not here.
Just my 2sat.
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Sent payment, mailing label and signed message, thanks!
shipped out. thanks! Great service, thanks for the very fast shipping! Very cool little device. Security seals were broken (as expected), flashed firmware and added a salt, working great. <snipped image< why broken security seals are expected? are there instructions re use-i am not sure which firmware you were flashing and why (update from mycelium?) how one adds salt? thanks |
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ETF has the potential to open the floodgates to massive amounts of capital by eliminating that friction. That ought to have a very substantial upward effect on the price.
ETF might do that, but it will also be bad for bitcoin development due to "paper" bitcoin effects, similar to paper gold and silver. |
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ethereum popping (~50% off lows). bitcoin-not affected.
market cap ~60 mil vs 4 bil for bitcoin.
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If they did break it up in the way you proposed, I would imagine that the middle (controller) cube's efficiency numbers are going to be much more like they are with the S5. Right now the overhead of the BB and the FPGA are spread across all 3 cubes - but now it would be just the one. At which point, you might as well just pick up some S5's.
I think it's best either beast-mode S5+ or just plain old S5's...
yeah, 0.44 vs 0.51 is a small difference anyway |
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I want just the center unit and the controller for 900 shipped.
I want to buy add on left or right sides for 750 a piece.
come on bitmain sell them like this!!!!!!!
solves a shit ton of issues.
and if I am right the center would do 2550 gh at 1134 watts the lower cost would allow it to come into the usa with zero repeat zero duty issues.
I would be willing to do a long series of tests for you if you sell me a center piece with the controller. At a decent price.
I guess 900 is low but you would get a long write up showing how to run it .
What a nice way for home miners to get back into mining sell us the center piece with an add-on option for later!!!
This pricing avoids all usa duty issues since the center piece would be well under 2500 usd price.
The price is uneconomical at $3061 (plus $90 shipment, I assume) for 7.7 TH at 3400w- checked at minimal increase of 1.57% and 10c-it gives more than 360 days. Re center: perhaps having sides helps with cooling and center unit alone would be overheating at full speed. Apart from saving on a controller, what is the the advantage of having 3 combined units? |
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What will happen:
Bitcoin will become M1, ethereum will become M2 and they will be linked (maybe ethereum will become a sidechain).
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Anyone buying at still way inflated/overhyped prices should deserve what they will be getting, a big fat dump.
I'll buy some near IPO prices or maybe even lower when the real panic selling starts, this isn't even the beginning yet, only a very very small part of ETH is sent to exchanges to take profits.
Watch what happens once a couple hundred thousand or a million coins want to take profit before it's too late.
it's entirely possible in the future, but at the time of my post the numbers were as described: 55% loss in BTC $$value and 300% increase in eth $$value OR 800% increase in eth bitcoin value. In the last 12 mo BTC was a bad investment, and ETH was a good investment. I have by far most of my crypto in BTC, so it kind of stings a little. bitcoin- great miner community, lots of development, but piss poor organizational management starting with a bizarre bitcoin foundation all the way to squabbling core dev who cannot agree on anything it seems. |
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The facts as they stand right now:
what bitcoin did since Aug 2014: declined from $600 to $270 (55%). The worst 12 mo investment (~ oil).
what ethereum did since Aug 2014: presale was for 2000 eth/btc or 0.0005btc/eth ($0.3/eth)
Right now eth price is 0.00448btc or $1.20/eth
So, eth showed 300% appreciation in $$ and ~800% appreciation in btc.
In other words, you can get eight times more btc for whatever btc you put up for ethereum 12 mo ago. Not bad.
We will see if this continues, but so far it does not look good for btc, unfortunately.
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The devs have delayed Ethereum trading by another day.
Ethereum should have been trading a few hours ago because that's when it became possible to send coins to the exchanges. However, they asked all the exchanges to delay trading by 24 hours because they might have to roll back their blockchain. That hardly a slick, smooth start.
This is from Poloniex.
Ethereum deposits are delayed 24 hrs from 2015-08-07 03:50 UTC per dev request. The developers may rollback the chain up to 24 hours in case of an issue. As a result, the developers asked all exchanges to wait 5760 confirms (24 hours) to credit ETH deposits in case the chain is rolled back.Posted by OldManKidd at 2015-08-07 05:32:22
It looks like polo are making up stories. They probably just do not want to take on a risk of reversal. Kraken is already trading regardless, but polo only shows bids, some of which are promotional in nature. One guy wants to be the first to trade eth on polo for some reason, so he put in a bid that equals eth and btc (a few satoshis worth)-ignore it. |
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