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801  Bitcoin / Mining speculation / Re: Who thinks Bitcoin will HardFork back to GPU only mining Algorithms? on: May 24, 2016, 10:44:27 PM
I keep reading posts on the other threads and on Reddit and everybody keep insisting that Bitcoin change algorithms to prevent this Chinese centralization of mining hardware.

Who here thinks this is non-sense and will never happen.

I remember the dev of LTC said something similar saying that changing algorithms isn't fair for everybody who purchased hardware and the new algo can eventually have ASICs built.



I don't think it will happen due to it will not stop the main thing which is those with super cheap electricity .... can mine cheap.  There would be mega mines of GPU's happening if we went that way.   So maybe shifts companies in the lead but still would be huge companies mining most of it.

I think we can see with ETH mining even gpu mining can have a decent increase in just a single month.   So same thing would happen if BTC went way of GPU.
802  Other / Beginners & Help / Re: Tell me Secure Mobile bitcoin WALLET Please on: May 24, 2016, 05:46:42 PM
The most secure mobile bitcoin wallet is Breadwallet but unfortunately to use it you have to have an iphone or Ipad as its only available in the iOS store for the moment. If you happen to have a Iphone don't look any further, just download BreadWallet it has the best encryption features straight out of the box.

I think mycellium with a hardware wallet attached to mobile is still the most "secure".   I don't think any software based mobile wallet can reach the security of that combination with hardware wallets.

Trezor is a good example of this - https://bitcointalk.org/index.php?topic=1298917.0
803  Bitcoin / Mining speculation / Re: Spondoolies done? on: May 24, 2016, 05:31:16 PM
To me it sounds that bitcoin has a very negative attraction to the evil within people. From what I've read the "as it is" is not a normal close of their business. Their aiscs were good, questions i was their management good too?

They made good equipment I will not argue with others on that the SP20 was a good machine.   It seems going into next gen was when it all kinda got bad.  Was it due to hardship in R/D of new chip?  Bad management?  I doubt we will ever know.

The miners were safe indeed, which is why I wondered why left bailed out? Perhaps they were over ambitious with marketing etc.
But my main concern is that there is no real competitor now. Pools, miners it's all controlled from China...

Why is ran out of money I think, they came to a point they were not near as profitable as past.  And again since we don't know internal happenings... we can guess but don't really know if management, bad R/D, or a combination of other things to.   Likely it was a combination of things.

Being in China on most companies does not really worry me a ton .   I think there still is one big company not in China with Bitfury, but most are based there on hardware manufactures. What worries me is the tighter margins on profits for most miners, this is something BTC really could use a move in value upwards.  
804  Bitcoin / Mining / Re: Electricity backup for antminer's on: May 24, 2016, 04:43:51 PM
just go door to door at your local warehouses and see if anyone is replacing their forklift batteries anytime soon.

offer a bit more than scrap value, or less but arrange pickup (or disposal)

most employees are just happy they dont gotta operate the machinery to replace or remove these units and they are decent at holding a charge for home or modest industrial backup purposes.



Thats a good shout, I would probably buy an old APC UPS off eBay that has got dead batteries, then wire up the UPS to the old industrial batteries and let it do the work.

It will then kick in when the power fails and automatically recharge when it goes back on again.



I think it's going to be hard in most cases to get a UPS/Used battery combo for a decent price.  Keep in mind were talking running up 2800 or so watts for 40 minute to 1:30 hours.  So that is a good amount of energy that needs stored.

So good idea looking for lower cost solutions.  But I still think you will pay more then what you make over that 40 minute to 1:30 hour per day.  Just a lot of cost for not a ton of pay I'm guessing in almost all cases.
805  Bitcoin / Mining support / Re: 3x Antminer S3 problems on: May 24, 2016, 04:39:27 PM
Hey guys!

I'm having the same problem with the 3 antminer that I have at home. They are with all leds turned on, I can access them with web interface and ssh but they won't hash.

I already tried to serial into them to erase rootfs, flash a new different firmware, tried different PSU's

The funny thing is that if I connect just one blade to the controller I can successfuly hash..

Can someone give me some advice?

Best regards

What PSU's are you trying when you said tried different ones?  I ask as if it can run one blade... make me maybe look at power.   At least that is where I would look.

The odd thing is to have same problem on 3 antminers.  Are they new to you? Or have you had them and they suddenly stopped working?
806  Bitcoin / Mining speculation / Re: Diff thread May 11 to May 24? picks are closed!!.... prize = 0.40 btc on: May 24, 2016, 04:35:55 PM
Bitwisdom seems to be going down a tad:

Bitcoin Difficulty:    194,254,820,283
Estimated Next Difficulty:    198,989,385,899 (+2.44%)
Adjust time:    After 31 Blocks, About 4.8 hours
Hashrate(?):    1,671,940,273 GH/s

Value over this period was not the greatest move went from mid 450's to mid 440's.  So lost value on BTC - http://www.coindesk.com/price/
807  Bitcoin / Hardware / Re: Bitmain S7 - dB Reduction w/ fans, duct, and psu? on: May 24, 2016, 04:31:02 PM
In regards to attaching the the duct, I was looking at the 3D printed ones on eBay, like this one:

http://www.ebay.com/itm/antminer-s1-s2-s3-s4-s5-s7-zeus-lightning-thunder-fan-air-duct-shroud-cooling-/201527240893?hash=item2eebf5a8bd:g:OUUAAOSwGotWoRBX

Are you using duct on both fans or just the pull fan?

Thanks.




Most just do the pull on the back.  OP is wanting to psu to be reduced to though, so he might need to look into more of a box built to reduce sound.   As one duct for miner wont have PSU in it.   

I would agree with phil on don't mess with fan's changing them out.  In most cases with summer coming or here for some changing to lower RPM fans might not be the best of ideas.
808  Bitcoin / Hardware / Re: [Hands On] Bitmain AntMiner S7 One Fan (S7-F1) - Notlist3d on: May 24, 2016, 04:25:59 PM
Thanks for this review and including how you purchased it

Your welcome I enjoy doing them.  It was new for me on the purchasing from Bitmain Warranty and I have nothing but good things to say.  The shipping out of US and fast shipping is great.  And I really liked that you get a number to call for warranty vs standard. 

I am still running so far up to 5 day's and no issues.  I plan to upload pictures again after a week or so on status.

Thanks for this. I also bought 2 of these and they have been running about 11 days. They've been absolutely worry-free, even though it hit 82 deg F a few days ago. One is slightly under the advertised speed and one is slightly over, so I guess they average out.

How do you get stuff shipped from Bitmain Warranty as opposed to using the website and getting them from China?

It does seem to run good for me aswell I have had a variety of weather and no issues.  The one big fan with more RPM seems to work fine without issues for me.

On ordering from Bitmain Warranty they have their own site: https://bitmainwarranty.com/ .  When ordering there some of the things you get is shipping from US, phone number to call for warranty if any issues, and can even buy extended warranty.   But take a look it's all over on that link.
809  Bitcoin / Mining speculation / Re: Hardware suggestions required on: May 24, 2016, 01:22:00 AM
Right, after doing some more research, it seems that GPU mining is rather pointless, given that ASICs completely blow GPUs out of the water. I originally thought ASICs were only just more power efficient, helping people cover their electricity costs a little better.

I think after spending some cash on a good gaming rig, I'll use the remainder to grab some ASICs instead.

Assuming Bitcoin is still the go-to cryptocurrency, it's time for me to browse some threads!

You research must have missed the part about different algo's.  Asics do blow GPU's out of water on algo's they can do, such as in bitcoin sha256.  But there are coins like Etherium that do not have asics.  So GPU's remain very profitable, currently they are a good investment in a lot of cases.

But right now Eth is pretty much the only GPU coin worth mining.  But I suggest doing a little more reading on different algo's. 
810  Bitcoin / Mining speculation / Re: Diff thread May 11 to May 24? picks are closed!!.... prize = 0.40 btc on: May 24, 2016, 12:52:22 AM
So another interesting Difficulty Period. Yesterday was +3.47% with 149 Blocks and we have moved down a notch from a couple of Days ago and are currently tracking between -1.5% & -3% Period Run rate to Date, 15 Hours in Today is -2.5%. Bit disappointing about the price, but perhaps it will pick up again?


Rich

yeah  we are pretty stagnant  when you look at price drop and diff drop.


Worries me.  I have been studying ETH coin vs BTC coin   or use both as a miner.

All math favors using both not one or the other.

I run 2watts of eth coin  about 220mh  it earns 850 usd a month.  my power is nuts

Difficulty of ETH scares me from going huge into mining it.  I will have a little bit of GPU's that keep going but difficulty is crazy - https://etherscan.io/charts/difficulty .   Currently though profit is pretty amazing I do agree, it allows even higher priced electricity to keep mining.

BTC i just want to see having and what it does.  It's really hard to speculate so will be interesting to watch,

I understand where your logic is coming from, but here's mine;
https://poloniex.com/exchange#btc_eth

Set to 1 month. You can see price is overall pretty much keeping up with the difficulty.

I'm always careful about putting all my eggs in one Basket so instead i split my Eth earning into more Eth earning and other things.

I agree it's keeping up with it pretty good.  I still just don't like the fact of how much hash is being added.   I feel more miners will come and it will continue, but hard to say where we will be in a month on difficulty.  Also commercial mining of it scares me ( http://www.coindesk.com/bitcoin-miners-ethereum/ ).   If there is big profit's seen (which there is) I would guess some bigger more commercial miners come along.  That article shows one good picture of a room of GPU's.

We had around 30 percent increase (approx) in a month, I don't know if that continues if price will continue to rise keeping up with it.  Don't get me wrong I hope it does and ETH does look good right now.
811  Bitcoin / Hardware / Re: [Hands On] Bitmain AntMiner S7 One Fan (S7-F1) - Notlist3d on: May 24, 2016, 12:48:14 AM
So far still running good here is a screenshot of after 10 day's:


Just for reference everything is still on default settings besides static IP, and my pool info.  But no problems or complaints about the S7-F1 it keeps hashing away.
812  Other / Beginners & Help / Re: How to collect BTC ?? on: May 23, 2016, 11:22:38 PM
I tried faucet. Not succesfull, I need a bot for this

with faucet you need more times to be richman, faucet is just for fun and just for trying bitcoin work, no way to collect bitcoin, in first time im use faucet too to collect bitcoin.

not only takes a long time to become rich, but with the faucet you will never be rich, and it is impossible.

for faucet user at this time it's very imposible to rich with bitcoin, but for first player in 2010 it's very posible , because some faucet give reward arround 0.01/- 0.1 per claim  Cheesy

Faucet users tend to be new and think they are getting more money then they do I think.  Sadly they figure out it is cents per hour... so very little payment.   Some think in X years they will get rich from these small payments, but it's unrealistic.

On last few post cloud mining is also mentioned quite a few times.  Sadly almost all cloud mining is scams at this point I would only point people twords hashnest at this point for cloud mining.
813  Other / Beginners & Help / Re: How earn Bitcoins fast and free?? on: May 23, 2016, 11:15:21 PM
Then someone spoke of faucets. Over the past 3-4 months,faucets started to peter out or fade. Someone began to pay several times less, or increased the amount of waiting time. It is connected with the bots, as well as the advertising policy Google. Faucets are now unprofitable.
I advise you to buy a little bit of coins and carefully to trade on the exchange.

But if newbies doesn't have enough money for exchanging fiat to btc it is a good start to go with faucets even though it is not that profitable.
But they can start out trading for the btc they will earn will faucets.

yes faucet unworthy and unprofitable. better for hunting giveaway. maybe you can get greater results from the faucet, so you can use it to trade, because if you rely on the faucet it takes a long time, while trading at least require substantial capital

trading is generally not free...and here the topic is fast and free...
it is why I have programmed a system where you can claim for free and trade for free...

 But your free system is dust payments... so I'm not sure I consider it fast/free.  Sure free if you send a little out, but I think it's needs to be bigger to be considered "fast and free"  How much does your system on average pay a "free" person per month?

I think fast and free is harder and harder.  Sig campaigns at this point chances are the biggest, but if done properly it takes a lot of time.  So don't know if I say it's fast.
814  Other / Beginners & Help / Re: Why did you come to Bitcointalk? on: May 23, 2016, 11:09:12 PM
Bitcointalk is the easiest way to learn crypto-currency coins news, if you know you can choose the best for you .)

I don't know about this.  It is a good place to learn a lot of things like mining, altcoins, and ton's of other things.  But I really like sites like coindesk for quick news.   Granted I do read both, but I think there are some good sites that are better off for news.

But I would agree in a way "knowledge" is why many come here.   And is a good reason to stay.
815  Bitcoin / Mining / Re: Electricity backup for antminer's on: May 23, 2016, 11:02:44 PM
Hello everyone i just bought two antminer s7's. Where i live, i have to pay very less for electricity. But the problem is the electricity uptime is very poor here, i face 5 to 6 power cuts a day with around 40 minute to 1:30 hours. I want to ask what kind of backup power should i use. i am thinking about getting a 3kva inverter. Please suggest me other options.

Chances are you will be better off looking for a hosting center vs something that can power 2 S7's for up to 1.5 hours a day.   Your just talking about a lot of watt's and a long amount of time. 

If you look at battery backups I think you will see cost of one that is capable of this just will not pay off. It just will not make sense financially buying a system capable of doing what your looking for.  Also what country are you in?   Just curious with losing power so much.
816  Bitcoin / Mining support / Re: Antminer S3 loosing internet and beeping on: May 23, 2016, 10:51:31 PM
Huh someone please help . Im new to mining and i bought 5 s3 antminers. i only have one plugged in now to my switch and a direct Ethernet cord from switch to verizon router. It keeps beeping and loosing internet for no reason. sometimes my laptop losing internet now too. does this mean the verizon router is to little to handle the internet usage. or is there something wrong with my miner setup? Please help asap.

If your losing internet on both your S3's and laptop sounds like network issue.   The miners use very little as far as network resources.  I would look into router to see why it's dropping internet on devices connected.

Likely you will need to contact Verizon and tell them about the losing of internet.   As we really can't help much on a Verizon router.
817  Bitcoin / Mining speculation / Re: Spondoolies done? on: May 23, 2016, 09:27:12 PM
To me it sounds that bitcoin has a very negative attraction to the evil within people. From what I've read the "as it is" is not a normal close of their business. Their aiscs were good, questions i was their management good too?

They made good equipment I will not argue with others on that the SP20 was a good machine.   It seems going into next gen was when it all kinda got bad.  Was it due to hardship in R/D of new chip?  Bad management?  I doubt we will ever know.
818  Bitcoin / Mining speculation / Re: Diff thread May 11 to May 24? picks are closed!!.... prize = 0.40 btc on: May 23, 2016, 09:17:54 PM
So another interesting Difficulty Period. Yesterday was +3.47% with 149 Blocks and we have moved down a notch from a couple of Days ago and are currently tracking between -1.5% & -3% Period Run rate to Date, 15 Hours in Today is -2.5%. Bit disappointing about the price, but perhaps it will pick up again?


Rich

yeah  we are pretty stagnant  when you look at price drop and diff drop.


Worries me.  I have been studying ETH coin vs BTC coin   or use both as a miner.

All math favors using both not one or the other.

I run 2watts of eth coin  about 220mh  it earns 850 usd a month.  my power is nuts

Difficulty of ETH scares me from going huge into mining it.  I will have a little bit of GPU's that keep going but difficulty is crazy - https://etherscan.io/charts/difficulty .   Currently though profit is pretty amazing I do agree, it allows even higher priced electricity to keep mining.

BTC i just want to see having and what it does.  It's really hard to speculate so will be interesting to watch,
819  Bitcoin / Mining speculation / Re: BITMAIN!! Make a 200-400 Watt miner!! on: May 20, 2016, 02:40:57 PM
I loved my S3's at the time they were tanks.   Truly was a great miner.   So I can see why some want a miner in this area, espically if in a home setting.  But now that I have a mining area I have to admit I like the big miners like the S7.

I could be in the few but I would rather have cheaper cost with big hashing speed.   I am more worried about cost then power needed to run.
820  Economy / Services / Re: [BIT-X.com] Earn Bitcoins by Posting | Signature Campaign on: May 20, 2016, 02:36:09 PM
I received my payment today. Thanks Marco Smiley

Got mine aswell thanks Marco!
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