Never done a pre-order before and wondering how reliable delivery dates are with these guys.

If there is not a flood of 1TH/s 20nm miners soon, a 200A residential service will not be able to handle mining for a profit well before the end of the year.

I was wondering how many miners out there use a colocation service for mining.

It sure would make powering and cooling my miners a lot less of a pain in the ass.

The graph surely looks like quantitative easing to me.

Step one: Procure whatever hardware necessary to force difficulty to continue increasing.
Step two: Wait until the power requirements for running a mining setup from a single family dwelling becomes next to impossible.
Step three: Mop up any remaining centralized mining facilities through either taking them over in the name of national security or bombing it into the stone age.
Step four: Profit.

I wouldn't doubt that the NSA already has this kind of scheme cooked up and ready to deploy.

Does anyone know if someone has estimated difficult over the next year?

I have noticed a disturbing trend amongst some of the threads in this sub-forum trying to convince people that distributed mining is not worth it.

Be assured that mining is a rigorous activity.  A miner needs to have their finger on the pulse of every aspect of Bitcoin right from speculation to hardware.  This has always been the case for miners throughout the ages so you are in good company.

The Bitcoin model hinges on distributed mining and without it the security of the Bitcoin network is at risk.  The success of Bitcoin rests solely in the hands of distributed miners.

The day that mining becomes centralized will be the day that it can be subverted by governments.

So I say to everyone reading this, keep mining regardless of your reason...we are the best hope of the Bitcoin networks survival.

https://bitmaintech.com/product.htm

Anyone know how to post a picture on a post?

I am currently running 3 x GPU's for Litecoin and 10 Blades for Bitcoin and am amazed at how much heat my mining operation is putting out.

Its winter time and my mining operation basically is keeping my entire apartment warm...all the thermostats are turned off.

My main concern is what will happen in the summer when the temperature starts going up...or if I expand my operation?

If I keep on mining and expanding am I seriously looking at having to move everything into an air conditioned server room?

www.fiatleak.com just points to a domain name shingle.

What Does this mean?: Jalapenos 5 gh/s: All jalapeños shipping in the next few days

And what does it mean when my order is "In Production"?

It would have been an excellent buying opportunity

Can someone give me a reason to not sell my 49 port hub?

It looks like the production of the 2.5GH/s USB miners will never reach the required levels to bring them down in price.

Did the heyday of cheaper prices and high availability end with the block erupters?

http://www.xe.com/currencycharts/?from=XAU&to=XBT&view=1W

According to theory the value of Bitcoin is driven by supply and demand.

When one looks at the exchange rate of Bitcoin over the last little while it would appear that there is a shortage.

With this being said, what is causing the current shortage?:
1. People actually using it to buy and sell stuff so quickly that it appears as a shortage (velocity of money)
2. People holding on to Bitcoin as a hedge against Fiat currencies.
3. People strategically buying and selling Bitcoin hoping to make a ROI (speculation)

I am currently engaging in #2 and engaging in #1 is simply an eventuality however I am wondering about peoples thoughts on #3.

I cannot believe the price of hardware right now.

Block Erupter USB's going for like $70-$100/Gh or more.

I just looked at a Blade Erupter 10 pack with backplane going like $5000!!!

Is it possible that the value of bitcoin is driving this...peeps are just running every scrap of mining hardware they can get their paws on?

This whole bitcoin value and hardware value is like a rollercoaster ride.

I am curious about the failure rate of mining hardware mainly because I am starting to think that large numbers of low Gh/s units may be a better idea than small numbers of high Gh/s units.

There is a number of things that make low Gh/s units preferable:
1. Availability - Smaller Gh/s units are easier to produce and thus more available
2. Failure rate - The failure of a low Gh/s unit has less impact on a mining operation
3. Upgradability - Upgrading a mining operation piecemeal is easier

Any comments are appreciated.

Hedghog

It looks like these 49 Port Block Erupter USB Hubs don't work right...or at least it does not work like a regular USB hub.

Two main problems:
1. When powering up the hub the switching power supply doesn't seem to sense the load and the hub doesn't power up.
2. When plugging the hub into the computer the USB sticks do not get detected until you unplug all of them and then plug them back in one by one.

So if there is a power outage this would be the procedure:
1. Unplug the USB cable from the computer
2. Fiddle with the power switch on the power supply until the hub powers up
3. Remove all the BE sticks from the hub
4. Reboot the computer
5. Plug the USB cable into the computer
6. Insert the BE sticks into the hub one by one

I am not sure what designer would spec a USB hub to work this way but it is definitely not nominal.

I have tried it on 2 computers with exactly the same results.

Anyone willing to comment on their experiences with these hubs would be appreciated.

Hedghog