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Hola everyone, new girl here just learning about bitcoin as an alternative currency. I have a couple questions but will keep browsing first. For now, I have a scenario and wanted to get feedback, both pro and con, just to get a better understanding of how pervasive bitcoin may ultimately become (or not!).
From what I (think I) understand is that the point of bitcoin and other cryptocurrencies is a form of digital anarchy against our current bank & government regulated currencies in whatever country, so that the more people who take up, buy into, invest, bitcoin and/or other alt currencies, the less control and intrusion the government has over the people.
Anarchism and free market aside, it raised this scenario in light of the recent IRS ruling of virtual currencies as property that is subject to gains taxation...
Hi. I just want to expand on something. The thing about bitcoin(and other crypto currencies) is that it cannot be controlled by any central authority(banks and governments) or organisations(big multinational businesses, criminal/shady groups) or individuals (multi-billionaires). What all of these have in common is that they have tonnes of money as well as special interests in keeping their wealth so they see bitcoin as a threat to their wealth therefore Governments are likely to want to ban bitcoin(people can also be pulling the strings behind the scenes for Governments to align with their interests). Taxation is not going to work, how do you tax someone's transaction that doesn't have a name behind it, the only fee you will be paying is into the bitcoin network for miners to discover in a block which is tiny compared to paypal or bank transfers. Of course a government needs to get its money from somewhere to pay off its debt and it's everyones responsibility to keep a country up on its feet by paying taxes otherwise shit will go down. Another train of though is deal with the problem now because later the consequences will be a lot greater so someone investing in bitcoin is not going to be effected by a dollar crash or a recession and high inflation. The next thing after trying to tax it and failing is a ban to try and restrict it and decrease its value so it doesn't get adopted by too many people. In doing so it just proves how much of a threat it is to current wealth holders, everyone knows the statistic of the top 1% owning 40% of the world's monetary wealth. It is absolutely ridiculous when you actually think about it and the wealth keeps on concentrating in that top 10% every year. This is a war on people who see bitcoin/crypto currency as a way forward. If not bitcoin then another crypto currency will be the future, right now it is in its infancy as a new technology and in this world people are skeptical/don't want to let go of what they are used to. It doesn't help that you see a lot of negativity about it in the news, but in the end its just stalling what is inevitable. It is something that is the currency of the rebellion against the current system that is built on debt and fails to look after everyone, you would think that with the technology we have developed as a human race would stop world hunger/poverty for good if not for the materialism, consumerism, greed and competition that is encouraged in our society under this monetary system. I'm just tickling your brain, there are people who know a lot more than me but nobody has the ability to predict the future and as far as bitcoin is concerned its value is dependant on its users unlike the dollar value, which is controlled by the government and backed by men in guns. Any logical person would support a user dependant currency rather than man with gun to your head, shouting at you like a little insecure child, telling you what the currency is. But hey the majority of people don't know enough to make a choice or aren't in a position to do so, they are stuck beneath man with gun. I'm going to reasonably assume that the IRS would consider it foul and unlawful (anything that benefits society is illegal, we get it) but as a factual transaction how would this be handled, do you think?
Would it be a "thing" for people to make the value transaction in bitcoin, anonymously, and undercut the tax burden by writing it off as a donation?
That sounds good, its nothing new, in fact its easier to avoid the tax burden than donating a suitcase full of cash in exchange for a house which is also possible.
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I just got some electrical tape and copper wire and did the short circuit and the cube came on. I don't have a solder, is it safe to run it with the copper wire and tape only? Is it safe to run it on short circuit or could the potentially be greater risks as I don't fully understand the power relay function in a circuit? Anyway thanks, so the problem was the power relay going dead. Is there a way to replace or fix the relay and also can I run on high clock or better to keep it on low? Thanks in advance, but the main concern was finding the problem so the rest is not urgent.
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It stopped working when I set up my second cube on a 850W PSU after adjusting them from high clock back to low and unplugging to change the pci-e connectors because they weren't connected in the neatest way possible. Before that, they worked fine
It is very important to be completely methodical isolating variables. Test one thing at a time in order to eliminate any conflicts. 1. Mark each Cube and PSU so you can easily keep track: Cube #1, PSU #1, Cube #2, PSU #2. 2. Make the settings exactly the same on each cube if possible. 3. Turn off both PSUs 4. Power Cube #1, PSU #1 up and write the results down. 5. Power Cube #1, PSU #1 down. 6. Power Cube #2, PSU #2 up and write the results down. 7. Power Cube #2, PSU #2 down. 8. Swap the PCE-E connectors between toned up with: Cube #1, PSU #2 and Cub2 and PSU #1 being careful to insure the connectors are moved to the same (left/right) connectors. The two PCI-E connectors on the Cube are connected differently internally. 9. Power Cube #1, PSU #2 up and write the results down. 10. Power Cube #1, PSU #2 down. 11. Power Cube #2, PSU #1 up and write the results down. 12. Power Cube #2, PSU #1 down. Examine the matrix of results. At this point you should know which CPUs and PSUs work and which don't. If it is a Cube you may need to perform a variation of the above with the Ethernet cables and Cubes. Thanks for your reply. This is the link to the PSU I have: http://www.amazon.com/gp/product/B00596CP9E/ref=oh_details_o07_s00_i00?ie=UTF8&psc=1 and it works. Read my above reply, the PSU works one Cube 1 but not Cube 2 with every combination of PCI-E connectors that could be tried, I tried. The ethernet cables are not the problem, Cube 2 isn't starting, comparing to Cube 1, there other green PWR light does not come one, the Red status light is also off, and there is no click noise which is parallel to the lights coming one to tell me the cube is powered. The cube is getting power but maybe one connection or internal component is faulty or something and therefore Cube 2 cannot start. Relying on you guys to point me in the right direction.
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I have two miner cubes. One runs fine, the other stopped for some unknown reason. I have tried various things to troubleshoot the problem since I have a working one. I have took it apart, checked for any burnt signs and put it back together. It stopped working when I set up my second cube on a 850W PSU after adjusting them from high clock back to low and unplugging to change the pci-e connectors because they weren't connected in the neatest way possible. Before that, they worked fine, I could talk to both from my browser and could see them both hashing.
I need help, this is what I'm getting: Everything plugged in and on with the fuse, the fan starts working and the top SB PWR light comes on and the fan starts spinning. Then nothing... No click sound and the other PWR and Status lights do not light up like it did before and like it does on the working cube. Any ideas on what I should try to troubleshoot this, I've already spend the whole day reading threads to no avail, sadly(((((((
If you don't hear a click, it could be your PSU ? what PSU are you using? other people can then confirm if that PSU works or not. I had a similar strange situation where cubeA worked perfectly fine with this cheap PSU from frys , but cubeB would do the same thing as you are describing. Then I give like 5-10 min break and restart and it worked for a few minutes, then again stopped, and couldn't connect to config page. http://www.frys.com/product/6893426Thanks for your reply. This is the link to the PSU I have: http://www.amazon.com/gp/product/B00596CP9E/ref=oh_details_o07_s00_i00?ie=UTF8&psc=1I'm attempting to run both cubes off one PSU. I have ran both the cubes on that PSU. I was running Cube 1 for around 3 weeks before I switched to Cube 2 when it arrived and that worked fine for 5 days while I was waiting for some connectors to come so I could wire the PSU to run them both. Eventually I got them both running but they were powering off the PSU as they were both set on high clock mode, then I set them both to low clock mode and it seemed to work fine for 30 minutes so then finally I unplugged everything and rearranged the pci-e connectors on the cubes and when I came to power them on again, Cube 1 working and Cube 2 only got one green light as well as the fan spinning. I have tried all the combinations of connectors(in turns not both together), they all work on Cube 1, but none work on Cube 2 so I think there is some connection problem on Cube 2, its getting power, just not starting, maybe one of the connections is loose that provides the power to some component that is required for the cube to start up. I'm mining as a hobbyist anything I know, I've learned by reading forums in the past week, I don't have a computer hardware background or seen the insides of computer hardware prior to this. Relying on you guys to point me in the right direction.
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I have two miner cubes. One runs fine, the other stopped for some unknown reason. I have tried various things to troubleshoot the problem since I have a working one. I have took it apart, checked for any burnt signs and put it back together. It stopped working when I set up my second cube on a 850W PSU after adjusting them from high clock back to low and unplugging to change the pci-e connectors because they weren't connected in the neatest way possible. Before that, they worked fine, I could talk to both from my browser and could see them both hashing.
I need help, this is what I'm getting: Everything plugged in and on with the fuse, the fan starts working and the top SB PWR light comes on and the fan starts spinning. Then nothing... No click sound and the other PWR and Status lights do not light up like it did before and like it does on the working cube. Any ideas on what I should try to troubleshoot this, I've already spend the whole day reading threads to no avail, sadly(((((((
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Someone help please, its my first time and I don't know how to make the Block Erupter ASCI Cube start hashing, I got it 3 days ago and have been struggling to set it up. Its on, I can connect to it on 192.168.1.254:8000 by changing my computer IP address to a manual static 192.168.1.10 and connecting the cube with a ethernet cable to my macbook laptop. (BTW I have little clue as to how it all works with no knowledge of any computer language, its hard to learn, I'm literally trying things in a blindfold) What mining software can I use, on my computer which is a macbook? I have gone through all the steps in installing the stratum proxy on https://github.com/slush0/stratum-mining-proxy and on step 7 when I type in $ ./mining_proxy.py all I get is: Traceback (most recent call last): File "./mining_proxy.py", line 20, in <module> import argparse ImportError: No module named argparse Has it worked or not? Also I'm on a University network with one ethernet hub so how do I find the right info to set up the IP, Mask, Gateway and the other fields, all the forums talk about connecting it to your modem then accessing the modified IP of the cube to say 192.168.1.200:8000 and then running an .exe file for windows to enable the stratum proxy and its meant to start hashing with an ability to see all the chips working. But since I want to connect it to the network port in my wall can I still access this page through the university wireless network to see if its working?
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