It seems some of the newer units have problems if the temperature is too low. Symptoms of this issue are machines that run fine sometimes but will restart every 1-10 minutes when it's cold.
Interesting-reminds me of Jupiters which "liked" to be at high temps as someone discovered. People were plugging holes in them to bring temps to to 75C. Difficult to do properly, of course.
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good catch, but the latter guy does not have any performance guarantees and obviously wants to deal in BTC, which is outside of ebay. The first one is a good deal, especially since he says-make an offer. I don't know why he is so desperate to get rid of them at the low considering everything. Many other people ask for ~300 plus minus a few ($275-339).
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I understand that but you guys are talking about redistribution form one hoarder to another... Trust me, it's doing nothing for this community! Even if bitcoin was fairly distributed over the entire world (impossible) what value would that be giving us??? We need to be able to buy bread, food, pay rent, & get paid in bitcoin or else ... ...
apart from emotion, I don't know what you are trying to convey? picture this: there will be 21 trillion XBT or 2.1 quadrillion satoshi(s) once distribution is complete (a bit more than half of this now). mentally replace all (or nontrivial % of each) $$, euro, yen, yuan in the world with XBT. What do you gain: incredible increase in payment fluidity and monetary velocity plus security plus other advances (smart contracts, etc.). what do you lose: almost nothing this is point B, when you can get paid in XBT, will save (at least some) in XBT, which will be at least as stable as any currency is today. You would want more XBT, and you will earn it by working or investing. Now, we are at point A. Getting from point A to point B is where the difficulty lies.
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HA HA HA
just saw it now they ask shipping for two miners for EU 0.419 BTC
Yes am going to proceed with my order now bitmain just wait for me
Sorry to see this company going down....
I can buy s-3 miners on ebay for less then I can buy them from bitmaintech. Last week I paid 240 usd for 1 s-3 miner at 358 a coin 2 miners to the usa New Jersey are 1.539 so 1.539 x 358 = 550.96 usd for 2 that comes to 275.48 usd a miner. I paid 240 and got about 11 usd back in discount so 229 from ebay with a 45 day ebay warranty or 275 from bitmaintech and no recourse since you pay in btc. makes no sense at all. well, point taken, but it was last week. This week, after B10 announcement, some price recovery and flat difficulty, you would have to pay at least $275, maybe $299 on ebay, almost nobody will sell for $240. In fact, only newbs would sell used S-3 for next 7-9 days because difficulty stayed flat, so it pays to delay.
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Anybody any tips on meeting women? I'm turning 45 this winter, have no social life and haven't touched a woman in...well, a long time.
problem is solved already. since one can assume you own bitcoins you will become filthy rich in the next 36 months. so, relax, it may take some years, but then woman will hunt you. You think 2 coins is enough? 2 BTC may be enough to move out of your mom's basement? Probably 10BTC minimum will be required to ensure that you can keep some chick happy. Well, some people move back to moms/dads house, even when they have a job. Reason-to save money to buy their own house. A couple of years of such savings and they have enough savings for a downpayment. I know at least three people in their late twenties doing just this-it seems to get more and more popular because they don't save when they live in apartments, which are damned expensive even here; if NY-forget about it (savings).
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Foreigners buying prime US real estate usually means that their economy peaked or about to peak-same happened with japanese in late eighties early nineties.
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Exactly! Now make one look for bitcoin & you will notice we are not only alllllllllllllllll the way at the bottom but when the "bitcoin rich" combine wallets you notice they are holding all the chips & we are fighting for scraps... Why support something that is about to become VERY centralized??? just wondering... why??? My point was that $$ wealth pyramid has almost exactly the same features as current bitcoin wealth pyramid. Unequal wealth distribution is common. Redistribution would occur slowly through the same mechanisms as now: people with more productivity/ingenuity will able to earn more.
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But now they're charging $135 (USD) for UPS shipping. Such Wow not. They are charging me £214 for my S3 delivery to the UK + the import duty + VAT @ 20% I know I cant compete in mining BTC which I why I have stuck with the alt coins and trading them like mad to earn BTC. I can see the end is nigh for me mining, this will be the last batch of miners for me. With now crazy prices and DOA miners from the last batch of S3's I bought it's time to get out suggestion: buy some used s3 on ebay
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For the Cryptonote coins, they have 12 decimal place for the coins, is it necessary? Is it better to increase the total number of coins by 10000 times and remove 4 decimal places? Would that decrease the block size?
One recent block reward of XMR is 13.828558554977, if we remove the last 8 digit, so that it is 13.8285. That will remove the dust and that value is still close to the original one, the difference is only 0.0001/13.
Interesting. I traded a small number of BTC for XMR, but it is underperforming BTC. XMR owners might need to wait much much longer (I give it 50:50 or even less to succeed, especially looking at BTC troubles).
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This could have a double effect, it could boost the price and make dealing with Bitcoin easier, but it also could be a big confusion and slow adoption for a really simple reason, while we were talking for 5 years about only 21 million BTC to exist, people will be surprised about Trillions of XBT (which they don't get in the first place). Maybe, but only a small % of the population was exposed to 21 mil number and I heard Allaire (Circle) publicly referring to 2.1 quadrillion units, which are, of course, satoshi, so some were talking about it. When i recently went to look at one house, and asked about the price, the realtor simply said 'about 7', which, based on location and my knowledge of the neighborhood, I immediately translated as '700000'. I don't know why he was so coy about it and not say 700K or seven hundred thou. My point is use will determine, but nobody except early adopters would be reluctant because of 21 mil BTC vs 21 tril XBT, especially since some of them are already exposed to tril in GDP and budget numbers.
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I am with the opposition to "bits", but it does not matter, as OP said. Use determines the terms. However, the only way to logically reconcile Bitcoin foundation proposal with historical status is to use base unit of "bitcoin" (XBT) and satoshi at 1:100 of XBT. BTC can be used as a historical unit. The only thing that is required is recalculation of XBT as 100 satoshi(s). Result: Everyone with one BTC will be XBT millionaire. Although the last point is somewhat silly, the positive psychological effect is undeniable.
the infamous 10,000 XBT for pizza back in 2014 :-) Well if the proposed new definition of XBT happens in which 1000000XBT equals one Bitcoin (BTC) then it's going to be the 10 Trillion XBT pizzas in the history books Check your math...just 10 billion XBT (in 2009) He is referring to the current day though, with some optimistic twist. it would be 10000XBT when BTC is back to ~1000-1200 (assuming $10-12/pizza)
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This is a very reasonable proposal, and will definitely increase adoption since BTC XBT will again look cheap.
Support +1.
Sooo... I wonder if bits is still useful for nickname or xbit? Exhibit seems too many syllables and doesn't flow smoothly for saying a lot. I kind of hope XBT is just referred to as bits. +1 @AstroChicks question about "who has authority": stop asking for authority, don't ask for permission. Anyone is free to use whichever unit they wish. However note that there is strong opposition both against the specific name "bits" and also for "changing the unit and confusing people". Whichever unit will be used, it will be a decision made by use. I am with the opposition to "bits", but it does not matter, as OP said. Use determines the terms. However, the only way to logically reconcile Bitcoin foundation proposal with historical status is to use base unit of "bitcoin" (XBT) and satoshi at 1:100 of XBT. BTC can be used as a historical unit. The only thing that is required is recalculation of XBT as 100 satoshi(s). Result: Everyone with one BTC will be XBT millionaire. Although the last point is somewhat silly, the positive psychological effect is undeniable.
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As adoption grows, every bubble will be smaller and bitcoin become more and more stable.
32->2 = 16x 260 -> 50 = 5x 1150 -> 275 = 4x
(maybe next 4,000 -> 1,300 = 3x )
If there will be bubble to $1,000,000 and then drop to $300,000 then it takes decades. (as with gold now)
This is a fair counterpoint. I guess EW people would probably back it too. They would have all of this as part of a much larger wave which not only scales up vertically (price) but horizontally (time). Its an appealing premise because it sounds reasonable and likely. Do you think that the fear/greed cycle can really be avoided though? Do you think adoption will be that slow? Perhaps the truth is somewhere in-between. > Do you think adoption will be that slow? 550% / year is really not slow. :-) ($12 - 2012, $66 - 2013, $363 - 2014, $1996 - 2015, $11k - 2016 ... ) > Do you think that the fear/greed cycle can really be avoided though? I think, there are not more than 100,000 believers (real bitcoin users, investors, bulls with $$ ). http://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlA) 7,500,000 will be minted ... but not tomorrow :-) ( few mining farms ) B) only 15,391 addresses control 9,042,676 bitcoins. ( investors ) C) only 620,000 addresses control 4,200,000 bitcoins. ( I see this as real adoption. But looks like 2M BTC is owned by creator or lost ) D) the rest 1,900,000 addresses control only 21,000 coins. ( trolls ) == Soon group A) and B) will stabilize price (decreases volatility, weak hands shaken out) and will "slowly" build new economy (increase count of C members) People can and do have more than 1 address. In fact, A. Antonopoulous said that he has 2000 addresses , which is probably an overkill.
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yep, one of my hosts (thanks, Jeff!) reported that sp-30 was crashing because miner was initially reading voltage as above 300V when, in fact, it was 246-254V. I guess, this was an extreme case of the same phenomenon. When this Sp-30 was later moved to 208V (otherwise it would not work), miner was initially reading 246V instead.
300V does not sound normal. I usually see +/- 5V of variation. I have occasionally seen anomalous readings (e.g. 180V instead of 245V) that disappear after restarting minergate or rebooting. I have not seen any consistently erroneous readings. If you are frequently seeing high voltage readings that continue after restarting a device, then I would suspect that you either have a faulty power supply or large voltage harmonic distortion on your power line. Yes, not consistent, but it was getting this reading initially, then shutting itself off in the first few hours of operation. I think Zvi, Remo or someone else or both of these capable engineers looked at it and requested a move to 208V. Anyway, from a practical point of view if this miner sometimes reads 208V as 246V and hashes at OK speed anyway-I am fine with it. I have grown to be very practical about miners. Sometimes I think that they "like" to be left alone. When I was constantly uploading new software, starting and restarting miners after every little turn in the hashing rate, production was always worse then when I just left them hash and let production rate fluctuate as it may. It was true for competitors S1 and S3, but I did not have a chance for this approach to S-30 at home because I don't have power and space for it at home (duh!). Right now, the most I can wish for is for miners to produce stably and for the damned difficulty rate to stay put or decline (as it did in 2011), but the latter part is just a dream.
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I suspect that the unit logs the AC power at a different time than the DC power .. if you capture both readings synchronously, you'll always have less W for DC than AC.
No, the readings for individual PSUs are consistently inaccurate, at least for one starting of minergate. One possibility is that the PSUs measure AC voltage once and current repeatedly, and multiply out-of-date voltage readings with current current readings. Another possibility is that the current meter on the Murata PSUs is a non-RMS meter, or somehow gets confused by AC harmonics. We have noticed this as well. We have racks of miners that report up to a 10V difference across the machines yep, one of my hosts (thanks, Jeff!) reported that sp-30 was crashing because miner was initially reading voltage as above 300V when, in fact, it was 246-254V. I guess, this was an extreme case of the same phenomenon. When this Sp-30 was later moved to 208V (otherwise it would not work), miner was initially reading 246V instead.
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Willy bot this. Willy bot that. I wasn't aware that Willy bot traded on BTCe, BitStamp, Huobi, Bitfinex, and etc... as well as Gox.
Of course, it did; it was called "Ivan the terrible" on BTC-e and "Wēi lián" (威廉) on Huobi...
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How much is for two S3 with shipping to contiguous US? Sorry to be lazy, just don't want to go through motions and then cancel if too much.
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OP, thanks for sharing your vision. The most stupid theory I've ever heard.
Like I've said previously, the dead cat will now bounce to 370-380, before crashing to sub 250. All of this will happen in less than a fortnight.
Please explain your point of view, instead of just making an empy statement. I am intested in your arguments though. Nothing has changed about the fundamentals. Miners still have to sell coins to cover their expenses. 3600 coins are still created daily. That's a lot of sell pressure. Meanwhile, Average Joes still stay far away, due to the complexity, unsafety and lack of utility of BTC. Average Joes have safeunsafe, fast, cheapexpensive, reliable payment services, like credit cards. They don't need an unstable, incredibly slow, cumbersome, unsafe, expensive, uninsured payment system, still being beta tested after six years. Whales, early adopters and industry insiders know this. That's why they're getting rid of their coins. And that's why Bitcoin will continue towards double digits, as soon as this particular dead cat bounce is over. Please remember that every previous Bitcoin bubble was fueled by Willy, Markus and other Gox bots. Those bots are long gone, so there won't be any more rallies. I corrected something that was wrong re safe and cheap. I got at least three warnings lately: Target, Walmart, Home Depot Chase break-they don't even talking about the extent of it.
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We have seen regular weekly drops in the USD price of BTC for the past month, mostly at the weekends. If we have really seen the bottom, then this weekend should see prices rise sharply. But if we see another sharp drop, to another new low for the year, then the future for the BTC price will be very bleak indeed, at least for the next few years.
What's your expectation for this weekend?
no expectation, nothing to do with next several years We might have already bottomed or will bottom anywhere between $72 (unlikely) and $240-266 (possible) i very much like the fact that hashing speed is flatlining
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