.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world. Yesterday I streamed Game of thrones in HD . Things change. Interesting-the first Internet "video" that I saw was in 1993 on Shoemaker-Levy 9 comet striking Jupiter. I actually thought then that Internet will be something much-much bigger.... When people say they thought the internet would be much bigger, I never hear them explain how. That makes no sense to me. Are you talking about technology or the Internet? What did you expect to be able to do with the Internet? Teleport to Mars? Me - it changed virtually every aspect of my life. much bigger than it was in 1993, LOL. |
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Received two B4 units today. I upgraded the MicroSD's with Class 10 units right off the bat and reseated all of the cards. Took a reboot to get all of the chips on line, but they're both 100%.
16gb cards? Where you got the image? Thanks. |
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.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world. Yesterday I streamed Game of thrones in HD . Things change. Interesting-the first Internet "video" that I saw was in 1993 on Shoemaker-Levy 9 comet striking Jupiter. I actually thought then that Internet will be something much-much bigger.... |
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This was probably covered at some point, but it is difficult to look through 94 pages:
What is the projected power usage for SP-30 (for 120 and 240V)? I am in US.
I don't want to order it and then struggle to run it.
2500 - 2700, under clocked will be possible. We offer hosting plan in the US Hosting plan in US-is this $1200/3mo? I remember seeing something re WA, but only for people with =>30 SP-30. |
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@Tera
EW analysts do not see the future, they estimate counts of the past.
EW is the most retarded form of post-factum analysis by far. I remember reading Prechter a decade ago with his graphs (which looks like TERAs) pointing to Dow 200-400. Is it possible? I guess, but government would rather cause hyperinflation than allow such deflation that could cause Dow 200-400 (~=1929 levels), unless we are in WWIII and everything is gone. |
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This was probably covered at some point, but it is difficult to look through 94 pages:
What is the projected power usage for SP-30 (for 120 and 240V)? I am in US.
I don't want to order it and then struggle to run it.
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I don't know what they're up to now but I just bought a used KNC miner (275gh/s) and its working great!
Strange move, unless you paid ~$320 for it. |
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And this: KnCMiners is a Swedish company that sells specialized computers designed to run the complex algorithm that creates bitcoins — a process known as “mining.” Although any computer can technically run the program, fierce competition among miners has spurred an arms-race of computing power, in which users are forced to constantly upgrade their hardware to continue to make a profit.
Pierce is the chairman of KnCMiners.cn, which he describes on his LinkedIn page as “distributor of KNCminer Bitcoin ASIC mining devices in China.” In a statement, he said that he does not “own KnCMiner or have anything to do with the principal business” and only works as a distributor of KnC products in China.
The firm has recently been mired in controversy after hundreds of its customers received damaged or otherwise useless hardware. On an April 28 blog post, the company apologized to its customers for selling them products that were “quite frankly unusable.”
Bitcoin miners took to the company’s forum and to popular discussion board Bitcointalk to complain about delayed refunds. Commenters appeared particularly upset by the fact that KnCMiners refused to refund them in cash, and insisted to pay in bitcoin.
But perhaps the most bitter complaint in the forums was that KnCMiners had shipped the broken computers just as it prepares to begin competing with its customers. According to the Wall Street Journal, the company has built a large mining center in Boden, a city in the remote north of Sweden. The “mine” will run state of the art supercomputers night and day, taking advantage of the region’s freezing weather to cool down the machines and make millionaire profits.
Pierce offered an explanation for the data center. He said the idea is that people will be able to purchase “shares” of a supercomputer and allow a professional company to manage the day-to-day function of the machines — which means that KnC would not in fact compete with its consumers.
He added that bitcoin-mining hardware is by definition “a prototype” that cannot be expected to work perfectly. He said that KnC is “the most reputable of any company in the business” and that it had offered its clients a good deal by shipping new machines to them without requiring that consumers return the faulty ones.
KnCMiners did not immediately respond to requests for comment. I just could not understand how both KnC and Cointerra think that the cloudhashing product could be nothing more than a total failure: 1. people can buy BTC directly through known entity (Coinbase) directly from their bank accounts. 2. people will soon be able to buy ETF(s) if they don't want to buy BTC directly. 3. Experienced miners know that ## can never work for cloudhashing So, who is the target audience of cloudhashing? I understand that for a Hollywood actor, it might be attractive, but someone should point the facts to him. |
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Total wild-guess here but I'd bet only a relatively small percentage of KNC customers even read the forums and don't know anything about recent troubles...My point, I have a feeling that those of us who are active and critical on the forums are a very vocal minority and the masses simply don't know or care about the details.
This is simply not possible. People paid 20-26K for 2 machines. To me, this is serious money (not to play with). You could buy a reasonable midsize car for 26K (Honda, Volkswagen or Toyota) |
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Who is going to buy from Knc again?
I bet not many.
People will buy if price and product is good and NOT a 4-6 mo preorder (2-3 wk probably OK). Are you saying that ~2th machine for $3499 in 2 wk is not competitive? In 4 wk-I don't know. Of course, theoretically speaking is competitive, but dont forget that only a few , if not none, trust Knc anymore. They failed with an inferior product. Who is trusting them with the hi-tech 20nm??? I like this potential news because once we have an intense competition (Bitmain, Spond, KnC, Cointerra), better prices and equipment should ensue. |
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Who is going to buy from Knc again?
I bet not many.
People will buy if price and product is good and NOT a 4-6 mo preorder (2-3 wk probably OK). Are you saying that ~2th machine for $3499 in 2 wk is not competitive? In 4 wk-I don't know. |
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Strong rumors re KnC announcement tomorrow on spond board.
My prediction:
1. Neptune in 7-14 days at 3.5-4.5th instead of 3 plus new cloud hashing option similar to Cointerra. Boring.
2. More interesting: Reduction of price for Mini neptune to $3499 (if they are smart) or $3999 (if they are greedy; at 2th), which would be available in 3-4 weeks. Again, if they want to really push it, make mini available in 2 weeks. Mini is the only thing they can use to fight SP-10.
If not 1 or 2, then it is lights out eventually.
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The last difficulty adjust was the lowest in almost a whole year, since June 2013. Maybe we will reach a plateau before SP30 ships?
That's that I was thinking too. Besides Ants and SP10s is there anyone else shipping in big numbers? KNC may start shipping neptunes any day now, they taped out in february. There is no single indication about that. they could...too many competitors eating their lunch It is great time for miners-lots of choices and reasonable prices. Does anybody have an idea about Sp-30 power use at 120v and 240V? |
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What you are basically saying is that the guy would have to sell everything he has including metals, and take a partial mortgage on his house, and put everything in BTC, to be more than moderately invested in BTC ? This sounds way too much, don't you think ? I mean, it's maybe more than a winning bet, but is it a reasonable, responsible one ?
My personal view is : 0-1% of net worth being a small position, 2-5% moderate, 6-10% big position, 11-25% very big, 26-50% huge position, 51+% extreme position.
Assets can be classified in many ways but I would try: - land/RE - PMs - businesses (that you run) - paper investments (cash, stocks, bonds, funds, all that is correlated to fiat liquidity) - cryptos. I know many people that, due to mortgage, are more than 100% (in fact, often 1000% or even negative % because of negative net worth) invested in RE. No doubt RE is a good investment but not so good that you should take insane leverage. The long-term return is more like 2-5% depending on many things. Lots of people don't have anything else but paper investments, in other words they haven't diversified at all and are 100% at the mercy of the liquidity masters. When liquidity was withdrawn from the market in late 2008, all these tanked 50-100%. They are very risky, and there is comparatively little upside. With PM's and cryptos you cannot fail so badly as the risk of going to zero is rather small, and sane people realize that they don't need leverage because the upside is very good anyway if they hit big. Now, gold's upside is maximum 10x from now, silver's 100x and (to keep the similar probability) bitcoin's is 10,000x. There is a claim that high volatility equals high risk, but that is fallacious. Bitcoin's volatility is so high that for every 2-year period you have always netted at least 200%. There is no security in the history of capital markets that has always shown a positive 2-year return. Therefore all the other assets have historically been of higher risk than Bitcoin (and not only lower return). => The upside with Bitcoin is so great and the risks so small that the only reasons to own anything at all besides them are: * if you need the other thing * for hedging against Bitcoin's catastrophic failure * for short-term capital needs (because of Bitcoin's volatility). hmmm...out of these three, what category your castle belongs to?  Seriously, though, I intend to short bitcoin via puts in my "regular" accounts when I shall consider that it peaked (short term). I intend to do this just as a hedge against my long core position in BTC. Winlevoss ETF will be quite handy for this purpose, hopefully. |
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The last difficulty adjust was the lowest in almost a whole year, since June 2013. Maybe we will reach a plateau before SP30 ships?
That's that I was thinking too. Besides Ants and SP10s is there anyone else shipping in big numbers? Cointerra - would be good to know how many machines they still have in stock (if at all) Cointerra just got to "ludicrous speed" 2th 12 mo contract for $8K...snickering. |
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Awesome, reading now...
Thank you for your contributions.
Not to diminish the OP work, but we already know that bitcoin has no immediate future in China. We still have the rest of the world that is NOT China. The world is much bigger. If China wants to use the old monetary system-it is totally fine by me. |
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so im a home miner, purchased both the SP30 and SP10 group buys (thank you Spondoolies-Tech and RoadStress) , definitely not an electrician so maybe you guys can answer this for me..
im reading everywhere that we want 220V 30amp to run our sp30s, ive got an outlet pretty much 4 feet below my breaker box that i will probably get an electrician to flange me up the 220V / 30A with but since there are going to be two PSU's and two power cables, what if a person ran one to an outlet on its own 120V / 15A and the other to another separate 120V / 15A. If i could dedicate these outlets for only running an SP30 would it power it to its fullest? Would have to run a heavy duty extension cord from one of the outlets.
or should i stick with the electrician route? im not opposed to paying to have this done, just curious about everything and anything.
You will be good with a 30 amp 220, you can draw more than 6000 watts from that and your PSU's will stay cooler and run more efficient. Just get yourself a 30amp PDU and some c13-c14 power cables to connect your PSU to the PDU and you're golden. PDU is a fancy name for a big ass power bar. Make sure the outlet you install matches up to the plug type on the PDU you buy. Most are Nema L6, and this is what the outlet looks like. http://www.grainger.com/product/LEVITON-Receptacle-1PKK1The best deals on outlets and PDU's are on eBay by far. That $40 outlet can be found for $12 and PDU's for under $80. That is not a good idea. You should not put more than 80% load on a circuit, and particularly be cautious of the voltage (a 220V connection may drop to ~210V under high load, thus drawing more amps). An L6-30 outlet is typically rated for 4.992kW continuous load. I was considering combining two 120v/15a cicuits into one 240v/30a circuit, but found out that my house is wired (mostly) with 14 gauge wire. The electrician told me that this wire cannot handle more than 20-25A. 12 gauge wire 25-30A. http://en.wikipedia.org/wiki/American_wire_gaugespondoolies-tech: can you post approximate power usage of sp30 at 120v (will two 15a circuits work for max constant 25A) and 240V? |
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Well, here in the US, I don't expect any problems, but I guess we'll find out soon. I mean, certainly I wouldn't be the first person to test Coinbase's $50,000 limit, right? And since they have already done KYC, it shouldn't be a problem, should it?
i tried to take out 40k via coinbase in december and failed. but the larger point is that even if coinbase does not fail, or you use local exchange, whatever, then trying to move the fiat thereafter is not necessarily going to work well. you may be better off spending btc. Not sure re fail on 40K. I think they had no 50K limit in december, rather it was 50BTC if I remember correctly. I think that the warning sign for a bank is when you send money to coinbase, then sell on localbitcoins, then send cash back to the bank. There is a reddit thread on this. This looks like money laundering and, perhaps, it might be construed as such from a point of view of a bank. Selling from Coinbase to your bank account should be fine, otherwise coinbase is screwed. Not sure about their 50K limit, though (never tried). In any case, it is probably not prudent to jerk large $$ values to and from bitcoin. I mostly buy it in smaller BTC ##. I think that considering everything, you should allocate 5-10% of your assets to bitcoin. If it tanks, your loss is limited. If it goes to 1mil in 10 years or so, then you can buy a few real estate properties and travel from one to another during your "golden" years  . edit: I am really looking forward to bitcoin ETF as it would be a perfect hedge to holding "raw" BTC. |
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just out of curiosity - has anyone calc'd what these need to cost to be 100% certain of a decent roi - not just breaking even
ROI in ~4 mo IF S2 price at $1700, BTC stays at $438, diff rise~45%/mo OR price at $2059 (with coupon), BTC at $438 AND diff rise only 30% a month. The best would come if $$ price for miners stays the same, but BTC rises sharply. edit: I used $0.12/kwh electricity cost for this calculation because this is what I pay. |
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the price is getting closer for me to pull the trigger. it is now 2094 USD after coupon
Me too. Can I pay by bank wire transfer ? I coin toss at $438/BTC. Much better at $600/BTC. Great investment at $700/BTC. |
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