A random observation: 1. It seems that upon loss of internet connection, S5 sometimes latches on a funky state: fan is not spinning or spinning minimally, but temperature is rising. 2. We had intermittant comcast problems in the last few days, so i observed it on a few occasions. 3. I felt that air coming out was very hot, and upon restarting the miner by PSU, miner reported 0 hashing, but temperatures of above 80 degrees at the sensor, so i had to switch it off for 10-20 min, then it worked as it should.
I believe that someone described something similar before. The solution should be in software, which should maintain fan speed at a certain (closer to high) speed until internet connection is reestablished.
The fact is that the S5 miner does not fully switch itself off on internet drop or, at least, does not maintain fan speed long enough to coool the machine after internet dropoff.
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I think is imposible 100satoshi = $1. Because now is easy earn bitcoin
If 10% of world population want to own 1 bitcoin, it will be $1m. But it will not happen soon. Less than 0.3% of earth population can EVER have 1 bitcoin (on a long term basis).
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6x your stake is a pretty sweet profit..... Can you tell me what "many safe things" pays more than that??
google, apple, amazon, alibaba, houses in dubai, many, many, many cities in china, farmland in saskatchewan (canada) and a million other things I don't know about have made a much higher return in a 5-year period. Much safer than bitcoin doesn't mean I think it's 100% risk free. Just that bitcoin is very, very risky. The risk with most of the above is not seeing your money evaporate, but rather that it won't make such a high return. Again, you have to take my chain of comments in context. The guy basically said something to the effect of "don't kill yourself when bitcoin reaches ATH at the end of 2019 (~5 years)". Well, every single day you're missing out on many opportunities that will make such a return or better in the world. You'd have to kill yourself quite a few times. Regular folks in US typically invest in ETFs/stocks/bonds and/or mutual funds since they don't have an easy access to speculate on dubai houses, cities in China (darn it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ), or farmland in canada. If bitcoin will ever make it to 50K or above, i can see some bitcoiners buying RE in NY, London and Vancouver, though.
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You may be underestimating the importance of the type of PSU's used and the unit, I am pretty sure that spondoolies will only work with the make and type of PSU's they support. Emerson and another type.
OT: What is going on? Everyone is adding/changing avatars. You, philipma1957... I think that there is an avatar signature campaign. I am still not sure that all these signature deals are worth doing. That Bit-X is everywhere and is somewhat of a distraction Huh? Avatars and signatures are completely different things. Avatars were disabled for a long time on the forum because there was a hack in the code that was being exploited. They got turned back on again a few weeks ago and we were able to setup avatars again. No biggie. Anyone can do it, got to your profile and then forum profile information, and from there there is a link to set your avatar if you want to. I think that you are incorrect. There is apparently an avatar campaign, that's why some folks avatars keep changing. see above
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
I think that bitcoin price is low because people don't realize or value the fact that bitcoin is an unencumbered asset, similar to a piece of gold or cash in hand. Mind you, this is not true if you hold GLD ETF instead of actual gold or GBTC stock instead of actual bitcoin. Apart from mobility (you can send bitcoin, but probably not gold), people do not value bitcoin's properties. The result is a low BTC price.
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You may be underestimating the importance of the type of PSU's used and the unit, I am pretty sure that spondoolies will only work with the make and type of PSU's they support. Emerson and another type.
OT: What is going on? Everyone is adding/changing avatars. You, philipma1957... I think that there is an avatar signature campaign. I am still not sure that all these signature deals are worth doing. That Bit-X is everywhere and is somewhat of a distraction
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Todays payment does not show on account and on blockchain, yet btc was subtracted from pending. Anybody has the same situation? The wallet to which this payment was supposed to be delivered has a nasty red note that there are doublespends on it. Is this usual? I haven't touch this account for more than three weeks as far as moving any btc in or out, so whatever it is, it is probably originated on eligius payment side. Weird.
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how does the new software work (more stable, less stable, no difference)? thanks
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color me confused. One message says that Phil is going to washington to a 15acre estate. the very next message says that he stays on atlantic. I guess it is still under discussion. Anyway, I also want to move to WA or OR myself, but it has nothing to do with mining, nothing at all ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) However, most likely, I won't because it is difficult to convince the "nest builder" to build a brand new nest somewhere else when the current one "just started to look good".
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totally forgot... well, whatever is available... my pick is +5.26 to+5.50
thanks
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I think most here are correct as far as it being either a lot of money or a negligible amount. It is almost like a game of alternative universes.
Points: 1. With BTC at 50thou-1mil, many techies and btctalk participants will become regular to multi-millionaires. 2. How likely is that a small group of people, distinguishable only by one attribute (btc participation) will become uncommonly wealthy? Anecdotally, it does not seem likely. I know of only a few groups like this-MSFT&Dell investors in the 90ies, Amazon & AAPL investors from 1997. 2. I wonder if someone can apply Bayesian or frequentist probability models to bitcoin's future and what the likely results would be.
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I was surprised how nice a good signature campaign is. It is a nice addition to my mining btc. I like to do both personally.
I would highly recommend full member and above get in one. I wish I would have started earlier then I did. I didn't start till hero, so waited way to long. I like getting btc for post's I would be doing anyways. And if you don't like btc I have done a few before for goods (2 different coin companies). Worked out nice I have 2 pretty nice coins I would have been to cheap to buy.
yeah I have been doing this sig deals for about 1 year. I may have grabbed a total of 7 coins at it. Helps a lot during the slow summer months. Not sure how this is done: 1. Do you get the html code from the site you want to advertize, or you write your own html code, then put it in the "signature" area. 2. How the payout is determined and how will they know where to send bitcoin to? 3. Are they sending to address which is indicated in account settings?
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It's the same as it has always been
Within 10 years it will either be:
1. A fuck-tonne 2. Nothing.
Within the next ten years I expect a similar, binary, outcome. All or nothing. bitcoin will be valuable only if status quo changes for whatever reason. example-cash in the bank is just another bank liability that has to be reconciled with other positions. Deposits are now a part of banks capital structure. http://www.huffingtonpost.com/ellen-brown/new-g20-bailin-rules-now-_b_6244394.htmlOn the other hand, bitcoin has no liabilities (at least for now), hence it could become valuable if someone would prefer such assets.
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I think this shows that the bear market is not done with yet.
If you think there's a good possibility that coins will be even >$5k in 5 years, then around $220 is extremely cheap. From this you have to ask why aren't people falling over themselves to buy?
Seems like many are waiting for a catalyst (ie Wall St or think we've got a ways lower to head yet.
OT: Sometimes i wonder where ~$400 mil in bitcoin VC funding of 2013-2014 went? Certainly, i had seen nothing in "products" to justify these investment numbers. Around me, i see absolutely no increase in bitcoin usage or interest in it, apart from myself, despite trying to interest friends and relatives.
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In 10 years there will be no bitcoin as we know it now. There will be myidcoin. Bitcoin is unable to finance its own development. Soon devs will have an offer from a friendly agency to "modify" bitcoin as to allow for the much easier transaction id. Essentially, it would become an advanced bank account. How this would reflect in the price? Most likely positively, otherwise there is no enticement, but to what degree...maybe $ 500-600 in 2025, back to 1200 in 2030 or so.
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The last episode of Silicon Valley was uncanny...and I think that it is related to what happened to bitcoin. "Silicon Valley" (HBO show)Plot: Richard is voluntarily reducing his company valuation in the series A round on the advice from Monica as to not to have a crazy initial valuation that "Pied Piper"-their company- cannot live up to. Presumably, this would cause up-rounds and steadily increased valuation later on. How this relates to bitcoin?
It was better for bitcoin to be at $10-30 and rising as it was in 2012 at 200-300% a year. Instead, bitcoin blew up sky high to $1200, X100 fold or 10000% in a year! Bitcoin could not hold valuation, and as a result, it is facing an equivalent of valley's "down" round, which manifested itself in criticism for excesses, Foundation alleged insolvency, overall negativity etc. etc. Who wants to be associated with a currency in decline? Best bitcoiners should have limited the parabolic rise, instead, they praised it and now almost all long positions are losing money, reducing the desire of anyone to open a new long position. Steady rise would have been so much more conducive to bitcoin development. Oh, well.
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Halving is not the most interesting problem in bitcoin world. I would say that the biggest problem is that everyone seems to gang up on bitcoin. Everybody wants to have the blockchain, but not bitcoin, whatever it is-most here know that it is sheer nonsense, but this ridiculous line of reasoning is making rounds. Foundation is messed up, etc. etc.
Bitcoin has never been in bear market this long. This is how Wall street treats the competitor-gold was in a bear market for 19 years (1980-1999). On a linear scale chart, bitcoin price is moving toward zero in mid 2016. I am not suggesting that it will reach zero, but it might. It is positively depressing. I stopped buying bitcoin because every buy bites me, so just mine a bit right now. If it fails, then it fails, although it would be very unfortunate as I expected much more from it.
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2.7 transactions per second, for nearly 8 billion people and their monetary affairs.
Something seems a bit off here.
this is tech..things change Ken Olsen (DEC) in 1977: "There is no reason for any individual to have a computer in his home." Bill Gates (1981, some argue that he did not say it):"640K [memory] ought to be enough for anybody." The community tears itself apart by the mere suggestion of increasing to a 20MB block limit. Adding more ram to an individual machine is a much less contentious endeavor. I'm not even saying that the protocol WON'T scale to a larger amount. Just that the idea of it replacing GWP is silly hyperbole. Hyperbole that could make some less informed rubes risk more than they can afford to Loose™. Well, this is a Speculation area, so i like to see all kind of suggestions here, even those that look far-fetched. I think that i get the benefit of bitcoin. What i can't get is why 99% of the people don't see the benefits, and it remains a puzzle for me. usage is most important, tech will follow
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2.7 transactions per second, for nearly 8 billion people and their monetary affairs.
Something seems a bit off here.
this is tech..things change Ken Olsen (DEC) in 1977: "There is no reason for any individual to have a computer in his home." Bill Gates (1981, some argue that he did not say it):"640K [memory] ought to be enough for anybody."
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>snip image< I have two Delta fans in a push pull configuration. SO MUCH QUIETER.
Awesome. What fan models? Delta AFB1212SHE-PWM 2 of them in a push/pull. they work great. $20 a piece. Way quieter than stock. Even a single Delta AFB1212SH works in push, which makes it a $10-11/miner mod and it is quieter than 1212SHE and way quieter than stock. I don't know if I believe that. I'd have to see it mining for 15+ minutes with that one fan to believe it. I mean if you did get that to work somehow more power to you, but one 25mm fan? Yeah, I was surprised myself. It runs at stock speed with just one Delta AFB1212SH PWM (thinner fan=25X120X120). Temp 61/58-reasonable. My ambient is ~30C. ~7 day running ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fxcgbo4G.png&t=663&c=wby3HMEAhO-YPg)
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