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1  Bitcoin / Pools / Re: Best pool to go with? on: April 05, 2015, 10:33:52 AM
At least you realize the question is a very subjective one, and because of that, you're going to get all kinds of different answers.

You do have things a bit askew.  Generally, the larger the pool, the smaller your reward per block.  In simplistic terms, let's assume I've got 2 pools. Pool 1 solves a block every hour.  Pool 2 solves a block every 24 hours.  All things being equal, this means that pool 1 has 24 times the hashing power of pool 2.  Hence, your contribution on pool 1 is worth 1/24 of what it is on pool 2.  So, sure you'll see 24 blocks solved by pool 1 during the day and it all looks nice, but you're only getting small payments.  When pool 2 solves that block after 24 hours, you get a larger payment (24 times larger than each payment you get on pool 1).  However, as I stated, all things being equal at the end of the day, you've received the same BTC from each pool.

If the price of bitcoin rises while I'm getting those smaller payments from the larger pool then drops, which is does all the time and finally the little pool pays out, I would make less at that pool right?
If the cows in the meadow next to the house face east when they fall asleep then the rising sun may wake them up earlier than if they faced west.

i.e. your question really is a rigged and pointless question.
Just reverse your "if" and the answer is the opposite Tongue

But it is still a legitimate question, right? Seriously.

Just for example purposes only.

Small pool. Constant hash rate of 1TH. 3 days to solve a block. Pay time. BTC price is 250/USD. Worker is paid.

Large pool. Constant hash rate of 1TH. Solving blocks all day, BTC price rises to 350/USD, maybe more while in this three day hypothetical. End of three day period BTC back down to 250/USD. Sad worker is paid.

Removing luck and all those mysterious variances that everyone talks about, which worker received a better return?

If anything I've learned being on a bitcoin forum is the arrogance and entitlement people think they have because they know more about something then someone else. Hey, we all have assholes. Ain't that the truth.

2  Bitcoin / Pools / Re: Best pool to go with? on: April 05, 2015, 09:06:24 AM
At least you realize the question is a very subjective one, and because of that, you're going to get all kinds of different answers.

You do have things a bit askew.  Generally, the larger the pool, the smaller your reward per block.  In simplistic terms, let's assume I've got 2 pools. Pool 1 solves a block every hour.  Pool 2 solves a block every 24 hours.  All things being equal, this means that pool 1 has 24 times the hashing power of pool 2.  Hence, your contribution on pool 1 is worth 1/24 of what it is on pool 2.  So, sure you'll see 24 blocks solved by pool 1 during the day and it all looks nice, but you're only getting small payments.  When pool 2 solves that block after 24 hours, you get a larger payment (24 times larger than each payment you get on pool 1).  However, as I stated, all things being equal at the end of the day, you've received the same BTC from each pool.

If the price of bitcoin rises while I'm getting those smaller payments from the larger pool then drops, which is does all the time and finally the little pool pays out, I would make less at that pool right?
3  Economy / Speculation / Re: When? on: April 05, 2015, 08:57:31 AM
There's so much corporate corruption and fraud going on no one knows what to do about it. It's OK for a CEO to take home a 2 million dollar bonus (on top of his regular 1 million / year salary) and then let employee's go. If people really wanted to help one another, in a serious matter- they could. Not create a foundation in your name so you can get tax benefits from it. Yes, unfortunately I hate the world because it revolves around money when there are so many more valuable and worthy things us humans could have picked a real long time ago. No, they had to pick capitalism. Listen, if you see someone in need and you have the resources to help them you really should help them. Don't expect compensation or to be given back something. The world needs more compassionate people in it. I could go on forever........oh well.



4  Bitcoin / Hardware / Re: ANTMINER S5: 1155GH(+OverClock Potential), In Stock $0.319/GH & 0.51W/GH on: April 01, 2015, 11:52:57 PM
One person, today recieve BrandNEW S5 from 5th batch... look (right blade)


That kind of pisses me off. You pay for something you expect it to be new. WTF? I bet that right miner has been used for at least a month. It is a completely different design too. Isn't there some kind of consumer protection that you are expected to receive NEW and UNUSED hardware? No where is it stated that the hardware is used or refurbished. Looks like Antminer is trying to slip in used miners. That's a whole level of low and just bad business practice.

Can Bitmaintech share with us why your loyal buyers are getting used hardware?





It's probably from one of their data centers.  They mine with them for a while until the machine paid for itself (not long since cost = manufacturer's cost) and then resell at full retail.

So no cares? Everyone here just talking about fans. I think they are missing the important information and a little delusional.
5  Bitcoin / Hardware / Re: ANTMINER S5: 1155GH(+OverClock Potential), In Stock $0.319/GH & 0.51W/GH on: April 01, 2015, 10:59:46 PM
One person, today recieve BrandNEW S5 from 5th batch... look (right blade)


That kind of pisses me off. You pay for something you expect it to be new. WTF? I bet that right miner has been used for at least a month. It is a completely different design too. Isn't there some kind of consumer protection that you are expected to receive NEW and UNUSED hardware? No where is it stated that the hardware is used or refurbished. Looks like Antminer is trying to slip in used miners. That's a whole level of low and just bad business practice.

Can Bitmaintech share with us why your loyal buyers are getting used hardware?



6  Bitcoin / Pools / Best pool to go with? on: April 01, 2015, 10:48:03 PM
How many times has this been asked? Maybe a hundred or two? And of course it still stands. While one pool may have great luck one month you can't call it the best pool there is. And that can be said for a pool that is having bad luck. That certainly can't be the worst pool just because it is having bad luck. For some reason in my head and I don't know why I think the better pool is the larger one. Solve more blocks, more return. If your pool spends 12-18 hours on each block really, what kind of return can you get? I may have the whole thing askew in my mind on how it works but that's what I have in my head.

Ghash.io, yea I've used it and have had very decent return with them. People "say" they steal, but I think that's about all it is, talk. Where's the real proof. You can't pick a date range when Ghash is doing bad then use those days to speculate on how good the pool is, right? Unfortunately I don't have enough tera hashes to play with pools and have to pick one of them and just stick on it. Like flies on shit.

Slush's pool. I've heard good things and bad things. Saw an updated interface, looks pretty good.

What to do.

7  Economy / Speculation / When? on: April 01, 2015, 09:53:08 PM
That's the question. WHEN will is rise up. Some say never again. Some say because of the corporate greed and law makers this will just be another way for the rich to get richer. The bigger the gap between the rich and the poor opens up the higher it will be for an uprising and revolution. Haven't us humans learned from our past? And then you have the anal retentive bungholes that just come back with capitalism. Well shithead, capitalism is what really ruined the US. How can such a country with all it's power, technology and resources be kicking families out of their homes because the banks were highly un-regulated and given bad loans? It is only a matter of time. Happened to the Egyptians, happened to the Romans, and it will happen to us. Power and money may help keep the rich's hands clean for a little longer, but hope has a motivation factor that money just can't compete with.
8  Bitcoin / Mining speculation / Trying to get involved... on: April 01, 2015, 09:33:02 PM
To get involved or not involved.

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