They want to maximize their profits, that is all they want to do. They saw an opportunity and they took it. They don't care about the consumers.
they care about their stock holders. If you have a shortage of supply and demand is extremely high you raise the price. As simple as that. consumers will still put these cards out of stock even at the current price. |
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Thanks.
KNC neg gen, Cointerra or hashfast. black arrow close up there |
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not all R9 280x are unlockable. My 280x are the MSI version and i believe (from what i remember researching when i bought them) i could only find that the saphhire and MSI ones were unlockable.
I use MSI afterburner to undervolt my MSI 280xs and AMD catalyst to undervolt my 290s
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Okay, so I'm seventeen and have been watching bitcoin since it was about 60$, I'm convinced as of now that this is the currency of the future,
In the long term the prices are always going to go up, pretty soon I will be eighteen and be able to take my savings and buy a miner, possibly with a loan.
The difficulty for bitcoin mining has risen so much It's not really profitable anymore is it? To someone like me? Let's say I have 500$ to invest in a miner, what should I get? Should I just build a PC and upgrade my GPU to something really nice?
If I want a sound return on my money then should I mine altcoins? I mean when bitcoin booms you know the altcoins go with it.
So should I invest in a scrypt style miner? I hear protoshares are a HUGE interest right now because of how new they are and how close they are to bitcoin.
What should I do?
litecoin mining. 1600 for a 3x R9 290 machine that can net you about 930 a month at 30 USD price tag. Add in the resale ability of the parts and you have a great entry mining point that will ROI in about 2 months. trade up to BTC at the higher level of the BTC/LTC ratio (.038 - .04) and you are set |
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Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.
I could be completelly wrong but if the coin price will be 500 USD and the Difficulty goes to 3 Billions by the time Neptunes is delivered, i think you will have ROI in +/- 2 months correct |
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Bitcoin isn’t banned in China, only legally defined.http://siliconangle.com/blog/2013/12/08/bitcoin-china-meaning/I used to be a vice president for a large investment bank based in Hong Kong, so I can provide a little better insight than most on what’s going on with.
The People’s Bank of China has basically given the green light for Bitcoin trading and exchanges. They are trying to keep Bitcoin trading “separate” from the other parts of the financial system so that if Bitcoin blows up, then nothing bad will happen. The thing that I think they are worried about is a Lehman Brothers-style situation in which something blowing up in derivatives brings down the rest of the economy. Please read the whole informative article, it's a good one. indeed, getting tired of having people that i talk to ask why China banned bitcoin. Watching too much CNN |
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funny you should say that, i went home (to Greenville) over thanksgiving and brought my miner with me to set up in Taylors while i was on vacation.
You aren't the only one trust me. You are probably just the only one that uses this forum. I can tell you from the people i know that mine bitcoins only a very small amount of them are on this forum.
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So that the BTC miner can forever mine?
hell ya, but by the time you designed it, financed it and got it orbit all bitcoins will have already been mined (2040+). blast it |
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some people use x1 to x16 riser cables and put a card in that slot. for mining theres a negligible difference from what i understand. They utilize all their PCI slots VIA the risers. Alot of people will just get the asrock extreme 4 which has extra x16 slots.
you can in theory use riser cables to plug in 6 but you have to take into account energy requirements, heat generation (biggest factor) and linux is preferred with more than 4 cards.
i find 3 per board is more than enough heat for me to manage
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How much power is Neptune slated to pull? Is it beyond anything a typical US household/apartment AC outlet could feed?
I think it will be like this: If you connect the Neptune to it's OWN 20amp circuit, with nothing else, you should be fine. Whatever you do, don't put it on the same circuit as something like a microwave, or toaster, or anything that draws significant wattage. Make sure it's on a 20amp breaker minimum. When you estimate a 20A circuit, you mean on a 110V line, yes? European 230V @ 16A would give 3680W, which should probably hold if kendog77's estimate of 3000W power draw is anywhere near what we will get. I really hope that it will draw less than 3000W to be able to have it along other things on a slightly loaded circuit. Assuming it will be powered by ATX PSUs, the max spec for North America would be 1300W per PSU. Yes, there are 1500W supplies, but 120V/15A circuits must (electrical code) be derated by 20% for continuous use. So 120V x 15A x 80% is 1440W at the wall. A 90% efficient PSU supplying 1300W DC would be right at the limit. If we use 2 of these, we can supply 2600W DC at most. So drawing less than 2600W DC would be ideal. Otherwise North American people without convenient access to 240V lines would be ... inconvenienced.  I myself would have to find a 240V line to run that machine unless i can get two 1500W PSUs to run it. Even then i am going to have a huge issue with my power being in an apartment |
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I am starting to get asked this question a lot in real life, are you going to mine? and this is coming from people who just now heard of bitcoin.
I don't really know much about it, and I'm not tech saavy as in coding type of the tech world.
Is it worth it for someone like me to put $15k or what it may be into mining?
Mining is best suited for people that 1) Want to support the network 2) Take a long term position in believing in the fundamentals of bitcoin and the belief that the coin will maintain or grow its value. 3) People with knowledge of miner release cycle and how to position themselves in the best position while minimizing as much risk as possible. 4) People that can afford to have liquidity tied up for months before getting their product. Most new people should not look into mining until you understand A) the fundamentals of Bitcoin B) the huge risk period between ordering and receiving a miner C) the technical/fundamental analytical capability to forecast months ahead to make the best decision possible at the best time possible. most people that just buy into Bitcoins still cannot do C and lose their minds the moment they see any volatility. the "mining for profit era is dead" statement is not true at all. Hell i even have a BFL device and with the price rise i paid for my device weeks ago. People with KNC Jupiters right now are probably laughing all the way to the wallet. You have to balance risk with reward potential and its true that most miners will probably not make you as much than if you just bought the coins. |
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right now getting a new BTC machine generally wont give you as much of a return as just buying the coins. LTC is a flat difficulty since script mining does not have a current machine type that can out do. You will gradually earn your ROI back over 6-8 months. i recommend doing both if you can the funds to support it
BTC= buy coins, use those coins to buy a next gen ASIC that is 3ghs/$ or lower
LTC= build a moderate mining rig, buy some coins
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avoid it. the processor is more power hungry than needed. Why is there an 8 core processor in a miner!?!? more RAM than you need. PSU is big enough to run 4 cards with proper settings. wasted energy upfront for no mining gain.
MOBO is capable for 4 cards with 4x PCI-E slots.
unless you are getting this for a slam deal at around 300-400 i would just avoid it and build your own rig with new parts. the processor is an expensive one too...for some reason. if you want to get an awesome MB, ram and processor for gaming then grab it for around 400.
anytime you buy anything used you have no idea of the true usage of the parts over the time. Is new....1 month? 6 months? the 6000s series cards leads me to believe this wasn't build yesterday.
do this what i listed below if you want a good miner. If you cant afford the 3 cards then just get one or two now and add later. I would avoid any 6000 generation cards.
Mobo : Gigabyte 990FXA-UD3 (new)
CPU : AMD Sempron (new)
RAM : 4 Gigs
PSU : 1200 Watt corsair (platinum quality, new)
HD : 250/500GB SATA (cheapest SATA you can find) (skip this and use a USB thumb-drive if you use linux over windows)
GPUs : 4x MSI/Sapphire 7950 (only get 3 unless you have really good cooling) (preferably new)
if you have more disposable income you can look at some 280x or 290x but you will have to work on the cooling for them and hit a 1200+ PSU for the 290s
the fx chip leads me to believe this was a gaming machine that is being sold now as a mining machine. keep gaming and mining rigs separate.
and i HIGHLY doubt hes getting 1.7 mhs on both of those. ask for a screen shot of the miner if he is claiming that. you wont even get that with two 7950s.
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right now you are best off buying some coins and putting in an early preorder on the next generation machine or at least a 3$/ghs or lower machine when it comes out.
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hello everyone, I have been mining bitcoins for awhile on my windows machine and ASIC miner and i just purchased a litecoin machine so i could start doing some litecoin mining on linux. I am having a huge problem and i cannot figure out why it is. I am following CryptoBadgers guide somewhat since alot of it is older information. I am also on Xubuntu 13.10. When i get to the scrypt making i want to bypass that and just run the program for now....but i cant seem to properly install it. https://forum.litecoin.net/index.php/topic,2635.0.htmli have installed the latest AMD drivers and when i run an aitconfig --adapter=all --odgt they display with temps so i know its not a driver problem. I can also run fgl_glxgears and it works flawless i tried downloading the .build CGminer current file as instructed in the guide but after compiling it with the jar jxvf command i cannot open cgminer at all I even tried downloading the regular 3.8.2 file from the cgminer site and running ./configure, make and make install commands i still cannot open the program. It even completes but i still cant run it. i even followed this guide http://www.distrogeeks.com/install-cgminer-latest-ubuntu/i got all the dependies and AMD-APP-SDK but every time i make-install a cgminer file i get nothing when i type cgminer in CD. Does anyone have an idea of why i can't seem to go through the whole process of compiling CGMiner but i cannot run the program? I always have the option of picking up a small HDD at the store and just putting windows on this machine to mine with but i really want to keep my litecoin miners in Linux if i can help it. any help would be appreciated. Also please remember that i literally started learning linux yesterday. If anyone has a good guide link that can direct a brand new Ubuntu user correctly for CGMiner i would greatly appreciate it. thanks |
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I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days?
Just my couple of satoshi
some people are buying bitcoins not for the idea or concept but to make a profit. someone with...say a 10% gain strategy will sell at 10% no matter how far it may climb or fall. When they see a technical support they may buy all in and wait for another 10%. They want fiat not bitcoins i know because i used to do that and did well. I am in the bitcoin camp now though, Its not worth release my coins to fiat anymore. |
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Guess what the value per BTC would be?
$92964 per coin
yeah that's right
about the numbers I used
Number of people in world = 7 046 000 000
Number of bitcoins in circulation 11 925 000
richest 1% number of people = 70 460 000
Total world wealth $241 000 000 000 000
Richest 1% of world hold 46% of worlds wealth
people have been using the same argument for years about if the rich decided to back their 401ks in gold it would skyrocket. Numbers are pretty looking indeed.... |
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I am assuming you do not have LTC collateral because you would just use that instead of looking for a loan giving 37.5% interest.
I would be interested with a moderate form of collateral
Sorry, I had to part with my LTC balance to pay for baby stuff. What else do people use for collateral these days? anything they can turn around to gain their loan back if defaults happen. LTC, shares, any other alt coins. You're post trail says you have sold and bought things with people before with escrow. links to the forum transactions? |
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