Once it hits $5 trillion a day volume it will be stable
Isn't $5 trillion too much? I tried searching for the USD money supply. According to this article on howstuffworks.com, the money supply (M0) in the US last year was $1.2 trillion. I guess the money supply today won't be too different. http://money.howstuffworks.com/how-much-money-is-in-the-world.htmDo we need Bitcoin's market to be 4 times the US money supply before stability is attained? That really doesn't seem right to me... The federal US annual budget is 4 Trillion a year. And the government pulls in about 2.6 - 3 Trillion a year in taxes. |
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1 days, 15 hours and 0 minutes.
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The reason oil prices have come down is because OPEC has cut prices arbitrarily. They were artificially high to begin with. On average it costs an OPEC nation ~$30 to produce a barrel of crude. They're still making a shitload of profit.
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Seriously, this topic has gotten way off-topic. And crossed the line with personal insults... I'm locking it.
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or was he just massively incompetent?
All cops are completely incompetent. You actually have to fail a basic knowledge tests to be cop. They want to make sure you wouldn't be useful somewhere else in society... like the next Einstein or Tesla. |
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Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
If you're going to spend that much wait for the AntMiner L1... $600 for 120MH/s. That's $5 per MH/S not $75 per MH/s. Hey, AjinNYC! Don't expect to see Antminer L1 available again! I have emailed them ~1 month ago and they noticed me they won't NEVER sell that miner again. I'm almost sure they are just mining for themselves and don't want anyone to compete with themselves.  Well that sucks, but the Hashra Astro seems like a better speed to cost ratio anyway (although the electricity usage is higher on the Hashra). |
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It probably will not pass this year as it is a far from urgent bill in a lame duck congress. It looks like it is currently in committee now and will probably pass at least the house eventually in some form as it reduces regulations which the GOP (who controls the house) is in favor of.
One thing the bill is missing is a reversal of the IRS's ruling to treat bitcoin as property instead of currency as this makes keeping track of the value of your bitcoin when you buy and sell it very burdensome whenever a consumer tries to use/spend it
Not to mention the one, and only, sponsor of it got voted out of office this last election. He's gone come January. |
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You're missing that mining hardware could last for years. Get a S3+ and use it for 2-3 years. You'll be more than profitable. Yes with difficulty increases every subsequent few months will be worth less than the prior, but it will still make money. If you break even after 8 months on hardware costs, and still maintain even the slightest revenue over power costs, then you're still in the green.
Then once it gets to the point where you're not maintaining profit to electric costs, sell it on eBay to somebody that has no clue and is just looking for mining hardware, and then buy a newer unit with that money you made from the sale.
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I don't think you will fry it, as usually, it is the gpu which fries the laptop... and to be honest I am quite curious to know the perf of the intel 4400  About 50KH/s... doing it right now on X11 with WafflePool. Did the same with BitCoin before I bought an ASIC rig. Will certainly be upgrading to a dedicated GPU rig eventually for X11, but the Intel 4400 in my Dell laptop is always my starting spot to test the waters. (I keep my laptop upside down to vent it, with a fan blowing across the vent ports. Stays fairly cool.) |
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This is a bit of a cross-over post since it's for the Gridseed miner. But, I just bought a Gridseed dual miner and GAW Srypt miner from eBay along with a Corsair RM1000 from amazon. The miners are coming with Molex to 2.1 barrel adapters. I know the Corsair has Molex connectors, but what are those connectors pulling from? +12v, +5v, +3.3v, -12v? Combined the miner should be pulling about 100 watts/hour (running the Gridseed in dual-mode) but if the Molex connectors connect to something other than the +12v, +5v, or the +3.3v then, if I'm not mistaken, I shouldn't be using them.
I'm suspecting I'm okay using them as the +3.3 and +5 max at 150watts combined and the +12v is 1000 watts, but I wanted to double check with somebody that has more knowledge on this than me.
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Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
If you're going to spend that much wait for the AntMiner L1... $600 for 120MH/s. That's $5 per MH/S not $75 per MH/s. |
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Kind of pointless though... it's near the end of the congressional session. He'd have re-introduce at the beginning of the next session for it to go anywhere. |
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I don't think we should judge it based off of its name. What was the rationale behind skipping 9 though?
Because technically it's the right version number. Windows 1 = Version 1 Windows 2 = Version 2 Windows 3 = Version 3 Windows 95 = Version 4 Windows 98 = Version 5 (skip ME and 2000 - they're patch versions essentially) Windows XP = Version 6 Windows Vista = Version 7 Windows 7 = Version 8 Windows 8 = Version 9 Windows 10 = Version 10 Whoever named Windows 7 fucked up... it should have been 8. |
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I think someone needs to learn the difference between 4 Rails and 4 Connectors. Before they melt down a shiny new miner and blame it on the manufacturer.
This is why these manufactures need to be providing power supplies. I've never gotten the point of not providing one. Other than to make it difficult to figure out what the hell you're doing. Because standard ATX PSU's can be used with next gen miners instead of having to pay for a new PSU every time you upgrade. Completely missed what I meant, but okay. |
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I think someone needs to learn the difference between 4 Rails and 4 Connectors. Before they melt down a shiny new miner and blame it on the manufacturer.
This is why these manufactures need to be providing power supplies. I've never gotten the point of not providing one. Other than to make it difficult to figure out what the hell you're doing. |
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This thread is ridiculously long, so this has probably been answered but I'm not sifting through that many pages. What is the proper PSU wiring for overclocking? Is it possible to power with two PSUs? One at 500 Watts and a second at say 150+ Watts?
You can use two power supplies as long as each board is connected to only one PSU. I.e. one PSU for the left side, another PSU for the right side is ok. Better yet, get a 600W+ PSU with 4 PCI-E connectors and you'll have less clutter. This any good? APEVIA ATX-AP800W 800W - http://www.newegg.com/Product/Product.aspx?Item=N82E16817148048im gonna say no, it doesnt even have a bronze rating? Thought it did, but double checking looks like no. Seems the CORSAIR CX750M is the cheapest option I can find. Nothing in the 600 or 650 watt range seems to have 4 rails. |
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This thread is ridiculously long, so this has probably been answered but I'm not sifting through that many pages. What is the proper PSU wiring for overclocking? Is it possible to power with two PSUs? One at 500 Watts and a second at say 150+ Watts?
You can use two power supplies as long as each board is connected to only one PSU. I.e. one PSU for the left side, another PSU for the right side is ok. Better yet, get a 600W+ PSU with 4 PCI-E connectors and you'll have less clutter. This any good? APEVIA ATX-AP800W 800W - http://www.newegg.com/Product/Product.aspx?Item=N82E16817148048 |
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This thread is ridiculously long, so this has probably been answered but I'm not sifting through that many pages. What is the proper PSU wiring for overclocking? Is it possible to power with two PSUs? One at 500 Watts and a second at say 150+ Watts?
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