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1  Economy / Speculation / Wyckoff Mode Technical Analysis on: May 08, 2019, 02:48:06 PM
Hi everyone,

ANYONE following accounts on TELEGRAM at this time are being SCAMMED...

Scammers are using this link to act as if they are me.

Here are links to images of the following scammers:

OFFICIAL LINKS for my work are as follows:






An instagram account will be coming soon...

I will NEVER ask you to send me anything of value on social media... NEVER...  That is handled through my website (link above).

2  Economy / Speculation / Bitcoin Analysis With dmwardjr DELETED AND LOCKED on: June 13, 2018, 08:06:46 PM

Simply tired of the trolls in other threads.  If one wants to follow my analysis, it can be followed on Trading View.

Bitcointalk is not the place for analysis.  It's a valuable source to share and communicate on many other topics; but not for trading.

There's no means of creating charts here and/or tools for charts.  All of that can be done on Trading View.  There's no point sharing the same thoughts here as what I share on Trading View.

Good Day...
3  Bitcoin / Bitcoin Discussion / Bitcoin Analysis With ProwdClown of Trading View on: June 13, 2018, 04:45:31 PM
Hi everyone,

I'm sure there are many Bitcoin Analysis forums on Bitcoin Talk.  However, I want to begin an Analysis forum that's a bit different from what most may be accustomed to.  This forum will be both educational and informative.  You'll see what I mean if you continue reading and get involved.  It's necessary to read what I have to say first before getting started "officially" with this forum.  

Maybe you're wondering WHY post here when I can simply continue doing what I do on trading view?  Those who have known me a while know I'm a crypto currency miner.  I'm of the opinion that all crypto miners should have a basic understanding of trading in order to optimize their profits the same way in which they optimize their mining rigs for best efficiency and profits.  The better trader you are, the better chance of one increasing their gains in crypto.

Here's a link to the Bitcoin Publication currently on-going on Trading View:

Let me first see if I can gain your interest to continue reading by posting a couple of charts below:  [Note: if the charts do not appear or there's a "?" symbol, simply refresh your browser.]

Here's an example of my charts with a Wyckoff Accumulation Schematic:

Here's an example of my chart WITH indicators and the occasional text bubbles to provide details about opinions provided:

First off, I must post a disclaimer:  "The analysis provided in the entirety of this forum [By me or anyone else] is not financial or trading advice.  It's simply "opinion."  However, I consider the opinion(s) [Given by myself] to be worthy of consideration when making your own financial and trading decisions.

I've been trading since October, 2014.  I know that is not much "experience" [In regards to "time" invested] as some may prefer when following the "opinion" of another trader.  However, I do believe I have learned enough [At this point] to be a valuable contribution to other "experienced" traders who are willing to contribute to this forum.  I do not claim to know everything there is to know about trading.  In fact, the more I look at charts and conduct research into various indicators and wave analysis, the more I determine I need to learn.

I want to encourage all to free to contribute "profitable" thoughts/views to this forum as often as they like.  When "we" do contribute, lets try to do so "tactfully," by treating each other as we want to be treated ourselves.  Even though this forum will be self moderated, I'm an avid supporter of "freedom of speech" when done so respectfully.  So, lets be kind to one another, please.  If I get out of line [Or one believes I got out of line], simply bring it to my attention and I will acknowledge it with a resolution to try not to make the same mistake again.  I will expect others to do the same.  Again, lets treat one another as we want to be treated.

IMPORTANT QUOTE:  ”…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” Richard D. Wyckoff.

I'll start by listing the "Tools" used in my "style" of trading with a brief example here and there of why the "tool" and/or strategy is beneficial to be used for TA (Technical Analysis).

Richard Wyckoff rules, laws and schematics are used for Long Term analysis:

Generally, high time frames should be used to obtain an idea of a LONG TERM picture of what the market movers are up to. Wyckoff refers to them as, "Composite Man." I call them, “Composite Group(s).” Wyckoff schematics should only be used with higher time frames . Sometimes, it is necessary to use lower TF’s (720m and Daily). Especially, if the pair has little history to go by or I need to see more details to get a better idea of something. Such as, where Preliminary Support may be located in a Schematic.

When using Wyckoff schematics, it also depends on what currency pair, stock, commodity or crypto currency pair you’re applying it to AND how much history is available in order to determine what TF's (Time Frames) one would utilize when applying Wyckoff schematics and rules. You will soon see, I’ve learned to be careful about making flat statements when trading. It often involves many specific details and rules. Sometimes, those details/rules are not REALIZED except by EXPERIENCE. Which is why I know I still have much to learn.

Once I get a general idea of a "potential" LONG TERM picture (schematic) in high time frames, I begin to look at my indicators to see if the schematic I've chosen as a potential candidate is potentially correct. What "schematic?" Richard D. Wyckoff  created examples of several different types of distribution and accumulation schematics.  I chose a schematic based on price action in the market in high time frames. When using Wyckoff to determine long term direction and events, it can often take time between events to make a determination of which schematic is unfolding. Especially, in regards to transitioning from Phase D and/or E of a schematic into Phase A of another schematic.

Main indicators used are the following:

1.) Phoenix 1.393 with first three inputs set to 9, 6 and 3 - It is thirteen (13) indicators merged into one indicator. It’s author wishes to remain anonymous and insists I do not give it to others without his approval. He’s currently working on other indicators; some of which are in the patent process. "Godmode 3.1 Mod with LSMA" is somewhat similar to Phoenix 1.393 and makes a workable replacement for those who follow me on Trading View.

2.) Phoenix ARI 1.07 (Alternate Reality Indicator) is another indicator by the same author who wishes to remain anonymous.

3.) Stochastic RSI “merged” with Phoenix ARI 1.07 above.

4.) I also occasionally use Moving Averages (MA’s) with various inputs; depending on time frame(s) I’m utilizing for various purposes and types of trading.

The first three indicators listed above are used predominantly. They can be used on ANY pair (stock, currency, commodity, crypto) on most ANY time frame [Depending on the amount of history]. I use them to assist with getting an idea of how much time potentially remains between events within a phase(s) of a Wyckoff Schematic and best possible entry and exit .

Lately, I’ve been preoccupied with several things going on with my mining business and remodeling of my home. As well as remodeling of my mining room for proper cooling this summer. I need to finish the remodel in my mining room in regards to cooling of mining rigs before I'm able to get back to trading full time.  By the way, here's a link to the progress of my mining and my dad's mining room:

Needless to say, I’ve been very busy lately. Which means the type of trading I’ve been doing lately has involved only using low, middle and high time frames (60m to 7-Day) with my indicators. I consider anything less than 60 minute (60m) “very low” TF.  I consider anything higher than 7-Day “very high” TF. This means I may implement 2 to 6 trades in a two week period on a crypto currency pair.  Sometimes less than that lately.

When preparing to trade:

1st) I identify WHERE we are located (Phase and Event) in a Wyckoff Schematic.

2nd) Determine if we should wait or is it worth it to make entry or exit on a crypto currency pair Example: We may have finally been able to take the time to possibly make a trade. We get to our computer and open a chart to find the location we believe we are within a Wyckoff Schematic is acceptable to execute because we believe we still have plenty of time to execute the trade before that particular event is over. It may be we are near the completion of an event and about to begin another event in the opposite direction. So, we determine it would be better to wait in that case.

3rd) Is the direction to the next event upside (bull trend) or downside (bear trend). WHY do I want to know that? Example: The downward dips in a bull trend is generally small in comparison to the upward pumps in each wave while moving up in a bull trend from the bottom of a Selling Climax (SC) to the peak of an Automatic Rally (AR). That’s important information to know if the liquidity is available and the volatility is there for scalping a stock on the way up from a Selling Climax to the peak of an Automatic Rally. The same would hold true for scalping on the way down from an Automatic Rally (AR) to a Second Test (ST) in Phase B of an Accumulation Schematic. In that case, we must remember the pumps are small and the dips are large in each wave while in a bear trend moving down to the bottom of a Second Test (ST).

4th) Do the indicators provide sufficient signal in multiple time frames to convince us to implement the trade? That would require knowing how to use the indicators I listed above. For your information: I have created a publication that was a ROUGH DRAFT on HOW to use Godmode indicator. That publication is NOT organized at all.

The Phoenix 1.393 Indicator I use is similar to a public indicator on Trading View called, "Godmode 3.1 mod with LSMA - LTCUSD." Ignore the fact it says, "LTCUSD." The only time LTC would come into play is if you clicked "Multi-Exchange" in the "input" section of formatting. The code shows you what exchanges it uses for LTCUSD if you were to click "multi-exchange." As long as you do NOT click "multi-exchange," you'll be fine using it for ANYTHING (Crypto, stocks, commodities, FOREX, etc...). You must have a PRO account to use "Godmode 3.1 mod with LSMA."

When I first began using the Godmode, its "inputs" were not to my liking. A friend of mine and myself began playing around with the inputs looking for patterns. We both determined the inputs of 9, 6 and 3 were the best inputs to use. Especially, for day trading. I created a publication for Godmode and provided instructions on how to change the inputs from default of 9, 26 and 13 to 9, 6 and 3. That publication was a ROUGH DRAFT with the intent of trying to get others quickly up to speed on what I was learning while using it.

After approximately a year of using Godmode, someone created "Godmode 3.1 mod with LSMA - LTCUSD," which had the same inputs as I suggested and they also added the LSMA (Liquid Square Moving Average and changed the input to 32 as I suggested). So, if you were to study the ROUGH DRAFT I created to obtain a BASIC knowledge of HOW to use Godmode, you should SKIP the part in the beginning with instructions on how to set the inputs and add the LSMA as suggested. It's ready to use per my recommendations without editing anything in formatting. I will include a link to that ROUGH DRAFT shortly.

Phoenix 1.118 was the beginning stage towards making Godmode better and adding more indicators to it. There is very little difference between Godmode 3.1 mod with LSMA and Phoenix 1.118. I have plans to offer Phoenix 1.393 and Phoenix ARI 1.07 to the public in the near future. But ONLY to those who subscribe to the website of professional traders I'm working with in the near future. Those indicators will be provided on Trading View to those subscribers on a PERMISSION basis without access to the actual code for the indicators.

If you click this chart below, it will take you to the ROUGH DRAFT I created; which is more or less a documentation of what I was learning myself as I played around with Godmode in its 2nd rendition with the inputs I suggested.

REMEMBER, this is NOT organized at all. Simply a rough draft.  Also, you MUST have a PRO account on Trading View in order to use this indicator:

Now, to get everyone who visits this forum up to date on current technical analysis, let me transfer my charts and comments on Trading View to this forum.  This will take some time.  So, bare with me as each post is transferred one by one with a date and/or time attached to the post.
4  Alternate cryptocurrencies / Mining (Altcoins) / AVALON (Canaan) $1 Billion IPO to manufacture ASIC's - NOT ICO... It's "IPO" on: May 27, 2018, 07:02:06 AM
Canaan (Avalon) appears to be making a move to gain more market share and Bitcoin network hash rate.

"Bitcoin Mining Equipment Maker Canaan [Also known as AVALON] Files for $1 Billion IPO" -

"Keiser Report: Hidden Commands (E1231)" -

5  Alternate cryptocurrencies / Mining (Altcoins) / Lets Share Ideas of Ways to Manage Heat From Mining in a Home or Warehouse on: February 02, 2018, 02:34:35 AM
I'm creating a new forum FOR ANYONE to post photos of what they have going on with their mining setup to give others ideas of what may be the best way to start off BY LEARNING FROM OTHERS FAILURES AND SUCCESSES.


If you see a question mark (?) in a post for an image, simply refresh your browser and it should display the image the 2nd time.

I've learned a LOT through the years on how to manage heat generated by mining rigs.  I believe I've found an affective way to manage the heat without air conditioning.  

Trying to use air conditioning to battle the heat generated by mining rigs is really a losing battle.  Especially, if you have a lot of rigs.  I've found through the years it is best to find a way to simply get the heat AWAY from the rigs and OUT of the mining room or box.

You can see from my posts made in the following link [From back in 2014 - You'll need to scroll down a bit] that I do have SOME experience with mining in regards to experimenting with different ways of managing the heat. For whatever reason, the link I just provided to another forum where I've made posts since 2014 is no longer active.  Sorry...  It's rather disappointing.  I had over 500 posts in that thread with hundreds of photos.

I'm currently in ANOTHER REMODEL in my mining room to make it even larger and manage the heat even better.  Updates to that remodel will be shared at a later date.

I'm currently working on a small mining room for my dad in his garage.  I've FINALLY convinced my dad how valuable crypto currency is to the FREEDOM of mankind and how it's the next big thing that will be BIGGER than the internet.  He recently showed interest in mining.  So, I decided to give him some of my old hardware that will still be profitable to mine with for him to make some extra money during his retirement.  Especially, since I believe social security will not be around much longer for he and my mother to live off of.

Here are images with comments of the current progress with the small mining room in my dad's garage from start to current.  [Be patient while I continue posting these one after another with comments.  This will take a little while]:  

A 2" x 8" was notched out to straddle the Main Distribution Panel (MDP) and placed to line up perfectly with the 2" x 4" mounted on the rack.  This END will be covered with plywood.
We also made sure the door panel for the MDP is not inhibited from access in the event of an emergency.  NEC requires easy access in the event of an emergency.  They would simply walk into the mining room, open the MDP door to flip breakers as needed from the inside.  This is a 200 Amp MDP.

6  Economy / Exchanges / Coinbase Sends Form W-9 to send Form 1099-K if 200+ Transactions Are $20K+ on: January 21, 2016, 04:11:35 AM
What I'm about to share is important to users of bitcoin mining pools who use CoinBase for their wallet and/or to convert bitcoin into USD.  If you have more than 200 transactions [Easily done with a payout for every block in a matter of several months] -AND- more than $20,000 in transactions.

I received the following email from coinbase today after they asked if I use my coinbase account primarily for business or personal use.  I told them business because my business checking account is linked to Coinbase.  I write off expenses related to bitcoin mining.  All payroll [since I began mining on September 22, 2014] still comes from my telephony training at the moment.  All profits [After expenses] from bitcoin mining are put back into buying more rigs.  

So, no payroll from profits made from bitcoin mining at the moment while I use those profits to grow my business [of mining].  I know of many entrepreneurs who did not take a pay check for a couple of years while starting a business to keep it alive before they could finally draw a paycheck for themselves.  Remind you, my only payroll in 2015 came from training telephone technicians.

Here is a copy and paste of the email:  [Nothing on the email said I could not share this anywhere else].


Coinbase has requested a file from you.

Thank you for using Coinbase for your business activity. Due to your processing volume, your Coinbase transaction activity last year met U.S. tax reporting thresholds. As a result, we kindly ask you to please do the following:

1. Complete the fillable Form W-9 found here: Please fill out the basic information in boxes 1 through 6 and enter the applicable Taxpayer Identification Number in Part 1. Note: you may enter tax exemption codes, if any apply to your business, in Box 4. (If you believe the Form W-9 does not apply to you, please email us at and we will help you find the proper form.)

2. Sign and date the form on the line in Part II.

3. Upload the completed and signed Form W-9 using the Kiteworks website.

Coinbase will retain your completed form for tax reporting purposes and we will send you a Form 1099k in the next few weeks for your own records. If you have any questions please do not hesitate to reach out to Please return the completed Form W-9 to us by January 25 so we can meet federal tax filing deadlines.

Upload link expires: Jan 25, 2016
This upload requires authentication.
To upload your file, please activate your account by creating a password.


If you read the instructions for US Form 1099-K you will see the following in the instructions:

Exception for de minimis payments.   A TPSO is required to report any information concerning third party network transactions of any participating payee only if for the calendar year:
The gross amount of total reportable payment transactions exceeds $20,000, AND The total number of such transactions exceeds 200.


Box 4. Federal Income Tax Withheld

Enter backup withholding. Persons who have not furnished their taxpayer identification number to you in the manner required are subject to backup withholding on payments required to be aggregately reported in box 1a.


My question is this:  How does Coinbase KNOW what transactions are payments and what transactions are simply transfers from their wallet to a hardware wallet for cold storage?  What if I then [Later] transfer all or part of funds from cold storage back to my Coinbase wallet and use it later on to purchase rigs or other hardware?  Will the transfer from cold storage wallet to coinbase be counted as a "transaction" or thought to be a "payment" to me by Coinbase?  How the hell do they KNOW what is a payment and what is not?

Another example:  If I transferred $70,000 USD to my Coinbase account THEN purchased $70,000 worth of rigs, then transferred $70,000 to my cold storage wallet, then later transferred back to my coinbase wallet, then later bought $70,000 worth of rigs, is this to be reported as $280,000 worth of transactions on form 1099-K?

Another example:  I paid for something with bitcoin via escrow.  Let's say it did not work out and I get refunded that same amount.  Is the refunded amount to be added to the form 1099-K as well?

How do they know what is payments and what is not?  How do they know what is simply a transfer to what would be considered a savings account (cold storage) and then transferred back to what would be considered a checking account (everyday wallet)?

This will be interesting when I get the form 1099-K to see the gross dollar amount they put on the form.

We will see what is put on the 1099-K and if discrepancies have to be fixed, how well will Coinbase communicate with me to fix those discrepancies?  Will they ignore me or assist me?

The purpose of this post is to help others to avoid going through what I'm going through.  Especially, if this ends up being a long grueling process of editing one discrepancy after another regarding form 1099-K.  I hope others will be able to learn from this experience I'm about to go through and how to avoid a lot of headache on our end and on Coinbase's end.  I'm sure they will not enjoy fixing discrepancies either.

I now have to make sure I'm DEFINITELY organized.  I can see a visit from the tax man very easily this year if my Form 1099-K is not accurate and Coinbase does nothing with me to fix discrepancies.  

If Coinbase is helpful with me in fixing any possible discrepancies, I will change the title of this thread to reflect it and I will post in detail how they assisted me.

If Coinbase is not helpful with me to fix any possible discrepancies and makes this a long, grueling and stressful process , I will be on a mission to put an end to anyone doing business with Coinbase.

Hopefully, [as a miner who works to process transactions and strengthen the bitcoin mining network] I'm not spat upon and ignored by those who benefit from my work of securing the network and keeping it decentralized and thereby assisting them in continuing their prophets from the exchange and bitcoin mining network.

7  Other / Archival / Coinbax wallet mining taxing on: January 20, 2016, 11:19:17 PM
Moved to another thread of which I am moderating...
8  Bitcoin / Pools / v slush was Re: [9000 TH] Slush's Pool (; TX FEES + VarDiff on: November 10, 2015, 05:39:30 PM
Still the invalid blocks we keep hitting pisses me off

Try CKPool at  They are set up to handle many miners with very few orphans/invalid blocks.  Unfortunately, most are into the bells and whistles of Slush Pool.  If you set up an account at CKPool and log in, you will see they have added quite a few "bells and whistles."  You do not see the new added features until you create an account.  Those features are not marketed on the home page though.  If they were to market all of their features, they might have more miners join.
9  Bitcoin / Mining speculation / BTC Mining Difficulty Year over Year Looks great thus Far on: March 26, 2015, 09:41:06 AM
I thought miners would like to see the following good news developing every difficulty change:

Bitcoin difficulty on Mar 24 2014 was 5,006,860,589 [BTC-e $588.71].  On Mar 22 2015 it was 46,717,549,645 [BTC-e $266.36].  That means the difficulty rose 9.3 times more than what it was a year prior.

Bitcoin difficulty on Feb 17 2014 was 3,129,573,175 [BTC-e $612.00].  On Feb 22 2015 it was 46,684,376,317 [BTC-e $230.23].  That means the difficulty rose 14.9 times more than what it was a year prior.

Bitcoin difficulty on Jan 24 2014 was 2,193,847,870 [BTC-e $774.98].  On Jan 27 2015 it was 41,272,873,895 [BTC-e $252.58].  That means the difficulty rose 18 times more than what it was a year prior.

Bitcoin difficulty on Jan 02 2014 was 1,418,481,395 [BTC-e $782.00].  On Dec 30 2014 it was 40,640,955,017 [BTC-e $308.86].  That means the difficulty rose 29 times more than what it was a year prior.

Bitcoin difficulty on Nov 29 2013   was 707,408,283 [BTC-e $1,019.60].  On Dec 02 2014 it was 40,007,470,271 [BTC-e $377.50].  That means the difficulty rose 56.5 times more than what it was a year prior.

Bitcoin difficulty on Oct 26 2013 was 390,928,788 [BTC-e $171.37].  On Oct 23 2014 it was 35,985,640,265 [BTC-e $354.17].  That means the difficulty rose 92 times more than what it was a year prior.

Bitcoin difficulty on Sep 25 2013 was 148,819,200 [BTC-e $122.55].  On Sep 25 2014 it was 34,661,425,924 [BTC-e $401.91].  That means the difficulty rose 232.9 times more than what it was a year prior.

Bitcoin difficulty on Aug 24 2013 was 65,750,060 [BTC-e $106.34].  On Aug 31 2014 it was 27,428,630,902 [BTC-e $475.90].  That means the difficulty rose 417.1 times more than what it was a year prior.

Bitcoin difficulty on Jul 22 2013 was 31,256,961 [BTC-e $84.50].  On Jul 25 2014 it was 18,736,441,558 [BTC-e $594.47].  That means the difficulty rose 599.4 times more than what it was a year prior.

Bitcoin difficulty on Jun 29 2013 was 21,335,329 [BitStamp $88.83].  On Jun 29 2014 it was 16,818,461,371 [BitStamp $599.86].  That means the difficulty rose 788.3 times more than what it was a year prior.

The numbers above reveal at one time we had as much as a 788.3 times increase in difficulty over a year's time.  That number has reduced to 9.3 times more than what we had the year prior.

If you look at the numbers below [curtesy of] you can see what I see.  For example:  On Apr 29, 2014 the difficulty was 8,000,872,136.  Do you honestly think it will be close to 10 times that at 80 Billion a month from now on April 29, 2015?  
On May 24, 2014 the difficulty was 10,455,720,138.  Do you honestly think it will be close to 10 times that at 100.4 Billion this coming May 24th of 2015?
On Jun 29, 2014 the difficulty was 16,818,461,371.  Do you honestly think it will be close to 10 times that at 160.8 Billion on June 29, 2015?
On Aug 31, 2014 the difficulty was 27,428,630,902.  Does one really believe it will be close to 10 times this at 270.4 Billion on August 31, 2015?

The difficulty is 46.7 Billion at present.  I expect a network difficulty no higher than 55 Billion by May 24th of 2015  May 24, 2014 the difficulty was 10,455,720,138.  That would be an increase of 4.45 times what we had a year prior.  I can see only a 1.5 times more than what we had a year prior by November of 2015 IF the price of bitcoin continues at price levels between $235.00 and $335.00.

Mar 22 2015   46,717,549,645   -1.50%   334,417,246 GH/s
Mar 08 2015   47,427,554,951   1.59%   339,499,662 GH/s
Feb 22 2015   46,684,376,317   5.01%   334,179,783 GH/s
Feb 09 2015   44,455,415,962   7.71%   318,224,263 GH/s
Jan 27 2015   41,272,873,895   -6.14%   295,442,739 GH/s
Jan 12 2015   43,971,662,056   8.20%   314,761,417 GH/s
Dec 30 2014   40,640,955,017   3.00%   290,919,288 GH/s
Dec 17 2014   39,457,671,307   -1.37%   282,449,013 GH/s
Dec 02 2014   40,007,470,271   -0.73%   286,384,627 GH/s
Nov 18 2014   40,300,030,328   1.76%   288,478,854 GH/s
Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s
Oct 23 2014   35,985,640,265   2.81%   257,595,247 GH/s
Oct 09 2014   35,002,482,026   0.98%   250,557,526 GH/s
Sep 25 2014   34,661,425,924   16.20%   248,116,151 GH/s
Sep 13 2014   29,829,733,124   8.75%   213,529,547 GH/s
Aug 31 2014   27,428,630,902   15.03%   196,341,788 GH/s
Aug 19 2014   23,844,670,039   20.86%   170,686,797 GH/s
Aug 08 2014   19,729,645,941   5.30%   141,230,307 GH/s
Jul 25 2014   18,736,441,558   8.08%   134,120,673 GH/s
Jul 12 2014   17,336,316,979   3.08%   124,098,191 GH/s
Jun 29 2014   16,818,461,371   24.93%   120,391,236 GH/s
Jun 18 2014   13,462,580,115   14.51%   96,368,902 GH/s
Jun 05 2014   11,756,551,917   12.44%   84,156,677 GH/s
May 24 2014   10,455,720,138   18.10%   74,844,960 GH/s
May 12 2014   8,853,416,309   10.66%   63,375,223 GH/s
Apr 29 2014   8,000,872,136   14.64%   57,272,474 GH/s
Apr 17 2014   6,978,842,650   14.04%   49,956,502 GH/s
Apr 05 2014   6,119,726,089   22.23%   43,806,706 GH/s

Yes, there is plenty of talk of the 3rd generation chips (rigs) coming out by the Summer of this year (2015).  The power efficiency and hash rate of these 3rd generation rigs remains to be seen.  Will 3rd generation rigs encourage miners who stopped mining to start back up again because of their power costs being above 15 cents per kWH?  More than likely.  Especially, if the price of bitcoin remains at the $235.00 to $335.00 level.  

If bitcoin price is higher than $335.00 by the end of November, 2015, we could definitely see more miners wanting to come back into the fray.  The only issue is will they be able to buy these 3rd generation rigs from those who will manufacture them?  The demand for power efficient 3rd generation rigs could be quite high.  The 3rd and 4th quarter of 2015 will be a very interesting year indeed for the miners.

Cheers miners!
10  Bitcoin / Mining speculation / Bitmain Antminer S6 and S7 Speculation on: March 26, 2015, 07:31:40 AM
This is a quote from a thread titled:  "GekkoScience BM1384 Project Development Discussion"

The following statement was edited by the original author but quoted by another member before it was edited.

No they haven't. All I've been told is S7 would be announced around July with the new "innovative and competetive chip" and that "right now we have no more info to the public". I would bet the comms are pretty similar to the BM1384, which was identical to the BM1382 as far as I can tell, but the pinouts and packages haven't yet been the same from one chip to the next so I don't expect them to do it again. Hopefully it wouldn't take long to adapt a functional BM1384 board to a BM1386 (or whatever) board if they don't change their IO protocols and voltages,  basically just redrawing footprints and rerouting some lines.

Then you can make some USB sticks, and make some return for the near future, I'm interested in the miners, but the questios is the cost of the unit.

If the numbering of rigs is consistent with past numbers of rigs by Bitmaintech, the S6 (even number) will be a large form factor with built-in PSU like the S2 and S4 models.  The S7 (odd number) will be a similar form factor to the S3 and S5 without PSU.

I would expect the S7 to be approximately 2 TH/s @ .37 watts per GH for a total of 740 watts to make it available for power from a 750 watt [preferably 850 watt] PSU. 

I would expect the S6 to be approximately 4 TH/s @ .35 watts per GH for a total of 1,400 watts from a built in PSU that is able to provide 1,600 to 1,800 watts for potential over clocking.

As for the pricing of each rig; only time will tell.  The price seems to fluctuate with the price of Bitcoin as of late.

11  Bitcoin / Mining speculation / IS IT WORTH IT TO INCREASE THE SIZE OF YOUR FARM? on: November 14, 2014, 12:11:35 AM
You obviously put a lot of thought into this post but...

No, didn't take much thought at all.  Why?  Did it really have to take a lot of thought?  Do you even know me?  Why do you have to choose words or phrases that are condescending?

Do you presume I'm ignorant or something based off what you have read in my post?  Can you not have an open mind instead of being focused on your own bitcoin mining intellectualism?  For all I know, you post this garb on here in the hopes that others who read will not mine or will not continue to mine.

I already had the pictures on my desktop from this same discussion in other forums and PM's.

You don't seem to realize that mining, in the longterm, is a zero sum game. If BTC hits $900 again (and holds), all of the ASIC manufacturers will quickly fill their current DCs with more efficient equipment and build new DCs all with access to much cheaper electricity than you could ever dream of getting.

You act like THEY will have a corner on the Billions of dollars worth yet to mine.  You act like the pools won't be able to mine another block after they do this.  That's why we have pools.  There is power in numbers.

In the future there may be brief periods where there is a gap between higher price BTC and build-out of new DCs, just as there was last fall. And you may have good profitability during those times. But those periods will likely get shorter because the ASIC manufacturers are able to build-out more quickly and efficiently.

That's why I'm getting ahead of the game while I can in terms of how much equipment I have to get well ahead of the difficulty and the revenue I want to bring home each month.  I'm adding an S4 if not an S5 to my small farm every month until end of April.  After April, I'm adding two S4's if not an S5 to my small farm every month until I have a 50 to 180 Th/s.

I spent $4,000.00 for 16 Bitmain Antminer S3's.  They mined enough BTC to buy an S4.  It only cost me $364.00 in electricity that I paid out of pocket to buy that S4.  

The way I see it, I got that S4 for $364.00 out of pocket.  I'm putting off the $4000.00 pay off of the S3's till a later date.  I'm paying for my electricity out of pocket and using all mined BTC to purchase more S4's or S5's.  So, like I said, I'm getting my S4's or S5's at a discount (the cost of electricity out of pocket to mine them).  

I'm PUTTING OFF paying the $4,000.00 initial investment until my mining revenue is much higher.  Once it gets to the point that my electricity is approximately $1,000.00 in costs each month, I will stop paying for the electricity out of pocket and use my mined BTC to pay for it.  That point in time will be end of April.  

At the end of April I will have approximately six (6) S4's and sixteen (16) S3's for a total of approximately 19.4 Th/s if not over clocked. At present difficulty, 19.6 Th/s can mine approximately 0.24722657 BTC per day.  That is approximately 7.4167971 BTC every 30 days.  You and I both know that difficulty will not remain at 39.5 billion.  It will climb.  How much?  Who knows?  The point is that puts me well ahead of the game IN THE BEGINNING before I'm even concerned about paying myself back for investment.  Keep in mind, I got my S4's if not S5's at a discount (what I paid in electricity costs).

7.4167971 BTC at present is approximately $3,142.79 with BTC price at $423.74 US.

Maybe you wish to argue that the difficulty will rise and I will not continue those profits?

Here is my argument:

For every 1 Billion the difficulty rises, the price of BTC can off set that rise in difficulty if it goes up .97519807% (approximately 1%).

Here is my proof:

Note the difficulty in the top left of the conversion calculator is at 39,629,645,941 THEN note that I added 1 billion to the difficulty at the next screen shot.  However, the revenue per time frame is approximately the same.  Why?  Because I raised the price of BTC .97519807% (approximately 1%); which see.  I raised the price of BTC from $424.65 US to $435.45 US.  We cannot say the price has to rise approximately $11.00 US every time the difficulty goes up 1 Billion.  We have to say it in percentages.

The reason I have $7,984 in equipment costs and not $4,000.00 is to include what I paid in electricity to get up to 19.4 Th/s; along with an exhaust fan, switch, etc...

ALSO NOTICE IT SAYS HARDWARE BREAK EVEN SHORTLY AFTER 100 DAYS FROM THE POINT OF ACHIEVING 19.4 Th/s.  That is IF I decided to stop adding another rig to my farm!

I understand if the difficulty goes up, we mine less bitcoin and need to add more hashing power IF the price of bitcoin remains the same.  However, if the price of bitcoin rises approximately 1% for every 1 billion the difficulty rises, it is offset.  Isn't it?  If I'm wrong, please let me know.

We simply can not compete with ASIC manufacturers. Home mining is and always will be a horrible longterm investment even if BTC gets to $2000. Only a few individuals who perfectly time the market may be able to earn a positive return.

Sorry, but YES WE CAN.  That's why we have pools.  There is power in pools.  So what we don't make as much money as the big gigantic farms do.  I'm not trying to build a gigantic farm.  I cannot compete with them if I cannot obtain rigs at the same price they do.  I'm not trying to compete ON THAT LEVEL.  I'm simply working to get 50 to 180 TH/s as quickly as possible cause I'm betting the price of BTC will continue to rise at a slightly higher percentage than 1% for every 1 billion the difficulty rises.




12  Bitcoin / Hardware / Switch discussion was Re: [9000 TH] Slush's Pool (; TX FEES + VarDiff on: November 13, 2014, 02:29:46 AM
Lol If i had any Cash.  Even if I had $10,000   I wouldnt buy BTc or Hardware.   I would build a building big enough to host a few TH/s  or maybe a PH/s but small enough to be easier maintain at the lower level

It's my goal.  make a building say.   20-30feet by 30 feet by 30 feet.  And filll it ALL up with BITCOIN hardware,   Having probably 2 Networks so say 50-150 Miners with 2-3 Networks to minimize Crosstalk and noise... Also to reducde Collision domains.  The more miners u have on one network the more collisions Domains you have... Thus increasing HWE and Dropped worked. and increase probability

more Networks for ur miners say 1 network for every 50 miners = Less Noise/Crosstalk,  Less collision Domains.  

But in total.  Itll be enough to make some real money.   Probably have 2 1200-3000CFM Fans going fill tilt 24/7  possibly Air Con controlled.        

theres 25million Bitcoin in the world to be mined.  and we in total to this day have only mined about 3600-3800 so we got MUCH MUCH TIme untill the market plummets.

Mine as well work my way up there so when the time comes...... The profit rolls in.

Lol Ill probably run a huge server room with Antminer S3s S2s and possibly some Dragon Miners, I'm all for the standalone miners.  

Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy  Oh the Future and our dreams... if only it was realness/.

Actually, if BTC price goes high enough; like $900.00 per BTC.  I may end up getting my power company to put a 240V/400 AMP service meter on the side of my house.  That's in addition to the 240V/200AMP service meter I already have.  My entire recreation room would be used as a warehouse with no costs for lease/rent each month.  I would have two (2) 14 inch exhaust fans in each of my windows in the recreation room to suck out the heat.  My recreation room is 13' x 25' with 8' ceilings.  We never spend time in the recreation room anyway.  We spend most of our time in the family room upstairs on the main level.  I have a split foreure (spelling) house.

The 400 AMP service meter would provide another thirteen (13) 240V/30AMP - 7,200 WATT circuits; enough to power a total of 65 S4's with PDU's to go along with the 25 S4's I would have running on the 200 AMP service meter.  Ninety (90) S4's at 2 Th/s each would be 180 Th/s.  Not bad for a HOME farm without the additional costs for leasing/renting a warehouse/building somewhere.  Also, I would want it at the house to avoid worries about a potential burglar or arsonist.  I already have video/audio surveillance set up at the house connected to the internet with a static IP.  So, I can watch and listen in if I happen to be away from the house for a while or on vacation.

IF BTC got as much as $2,500.00 each, THEN I would get a warehouse somewhere with approximately 4 employees and have as much as .4 to .75 Ph/s.  Hell, I might consider building a 30' x 30' shop in the back yard to put all of that in if BTC got up to $2,500.00 each.  If BTC went to crap afterwards, I would convert it into a wood working shop for my hobby of building furniture and painting portraits of people.  I'm actually a pretty damn good artist.

Yes, dreaming is fun at times.  It would be even more fun if it came to pass.  Nothing wrong with dreaming.

By the way, if you have damn good switches you don't have to worry about collisions/crosstalk.  My TP-Link switch is a damn good switch!  I would have 2 of those with all ports filled to the max if I had the 90 S4's in my house as I had mentioned previously.

13  Bitcoin / Bitcoin Discussion / BITCON COMPARED TO GOLD on: October 08, 2014, 05:38:12 AM
This article is easier read at the following link:, however, i posted it here to get you interested enough to click on the link. 

October 7, 2014
Ron Glantz
Director of Research @RonGlantz
Johnny Dilley Venture Associate @AdmiralLeviathn
Of the 118 known elements, how did #79 become a store of value? Why not #78, platinum, #80, mercury, or some other element? There have been many explanations over the years:
 Gold was the first metal to be discovered (circa 3500 BC). Unlike other metals which had to be mined and processed, gold was found in nugget form in stream beds.
 Supplies are scarce, but not rare enough to be impossible to find.
 Gold’s unique color allowed it to be easily identified.
 Gold is the most malleable and ductile of all known metals and does not decay, corrode,
or tarnish when exposed to air, making it a preferred medium for decoration and jewelry
dating back to prehistoric times.
 Gold is unreactive, a desirable characteristic for physical currencies.
 High density makes transportation easy and counterfeiting difficult, as simple weight and
volume calculations can determine authenticity.
 Fungibility allows for a standard and uniform basis for currency.
 It has a sufficiently low melting point that it can be inexpensively made into uniform and
divisible units.
 Compared with other early potential stores of value, like livestock or foodstuffs, gold is relatively inexpensive to store and maintain.
Precious metals were used in commerce in Mesopotamia since the Bronze Age, but coins originated much later, during the 6th century BC, in Anatolia (present-day Turkey). Gold eventually became a primary form of money, falling into disuse in the early 20th century. Most of the world stopped making gold coins by 1933, as countries switched from the gold standard due to hoarding during the Great Depression.

Economics is often a contentious subject, but economists agree about the gold standard — it is a
barbarous relic that belongs in the dustbin of history. As University of Chicago professor Richard
Thaler points out, exactly zero economists endorsed the idea in a recent poll. What makes it such
an idea non grata? It prevents the central bank from fighting recessions by outsourcing monetary
policy decisions to how much gold we have — which, in turn, depends on our trade balance and on
how much of the shiny rock we can dig up. When we peg the dollar to gold we have to raise interest
rates when gold is scarce, regardless of the state of the economy. This policy inflexibility was the
major cause of the Great Depression, as governments were forced to tighten policy at the worst
possible moment. It's no coincidence that the sooner a country abandoned the gold standard, the
sooner it began recovering.”
Matthew O’Brien, The Atlantic, August 26, 2012
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Inflation (and deflation) was much worse under the gold standard than it has been since. In fact,
there has only been 4% of the variance in U.S. CPI since the Fed started quantitative easing than
there was under the gold standard. For example, CPI fell from 23.7% in June 1920 to –15.8% one year
later, in June 1921. Under quantitative easing, CPI has ranged from 3.9% in September 2011 to 1.0% in
October 2013. In fact, CPI growth was higher in each of the 11 months (November 2007 – September
2008) prior to the beginning of quantitative easing than in any month since.
What makes the belief that the gold standard leads to price stability so odd is that the Austrian
school of economics, the most prominent group advocating the gold standard, is actually quite
notable for its criticism of the very idea of “price stability”.
What Underpins Gold’s Value Today?
While there have been extended periods of underperformance, gold prices increased at 4.62% CAGR in the 80 years between July 1934 and July 2014, almost a percentage point better than the 3.66% CAGR of U.S. CPI — little wonder that people have a high regard for gold as protection against inflation.
So far this decade, only 9% of gold demand has come from industry. Jewelry (48%) has been the most important use, followed by private investments (34%) and official holdings (8%).
Gold Demand
Gold has retained its value as an investment asset largely because of India and China, although demand has increasingly reflected prices, one explanation for the dip in 2013 and so far in 2014.
 Jewelry in many cases is an investment. The single largest buyers of gold have been Indians, who wear their net worth every day, distrusting or not having access to banks, and China, taking advantage of their recent wealth. Widespread adoption of bitcoin could significantly reduce demand, as rural Indian women would be less willing to wear their household’s entire net wealth when they leave their house.
 Industrial and dentistry have declined in recent years, responding to higher prices.
 Central banks sold 2,260 tons of gold in 2004-09. Since then, they have been net buyers
(1,487 tons in 2010-13), primarily to diversify their portfolios, especially from USD- denominated assets. At the end of 2013, there were 31,320 metric tons of gold in official
Page 2
reserves. Over the last decade, Russia’s Central Bank acquired 570 metrics tons of gold, 25% more than China. China, however, is suspected of downplaying its actual gold purchases as it prepared to introduce the Yuan as a reserve currency.
Bitcoin Versus Gold
Bitcoin’s superiority over gold lies in its protocol. Bitcoin mining reaps more than just the creation of bitcoins. Mining for gold just adds more gold to the market. The concept of gold’s intrinsic value is ultimately misplaced, as gold’s value lies not in the material itself but instead in its potential utility. In contrast, Bitcoin’s intrinsic value lies in its ability to provide secure, reliable transactions of arbitrary value within an ecosystem that self-strengthens through mining.
There are some similarities between bitcoins and gold, but certain key differences are glaringly important. It is similar in that:
 Speculation causes it to react to surges in consumer sentiment.
 It is not immune to international movements in markets.
 It functions as an intermediary means of exchange-value storage: if you invest X amount
in either, at some point in the future you assume the ability to extract the initial X amount invested plus or minus the change in its market worth.
Unfortunately for gold, it is relatively stagnant in terms of its use. It does have a few industrial applications, and generally gold has been a hedge against market fear and fiat- currency inflation. Mostly, gold acts as a crude storage of historically-induced, market- imposed value.
In comparison, Bitcoin, is remarkably different — its market ecosystem is unique compared with all other contemporary forms of value (e.g., gold, fiat money, and barter systems cannot “teleport” arbitrary-sized value between individuals, nor do they come with third-party ledgers). Bitcoin is anything but a crude storage of value, and the “intrinsic value” of bitcoins is readily apparent. In comparing the varied “protocols” inherent to gold and Bitcoin, the key differences become clear:
 Gold as an ecosystem has two parts that rely on each other's output. Gold markets serve as a means for consumers to trade gold, and gold mines serve as a place to find gold and transfer newly-acquired gold to these markets. It is a crude yet functional system with significant value because of the number of players, its market capitalization, its supposed actual value, and the intrinsic relationship between mined gold and gold which has not yet been mined. More important, banks consider gold to be a semi-prime asset.
 In comparison, Bitcoin is an ecosystem that also has two parts; but unlike gold, these two parts are symbiotically integrated as an undeniable and fundamental function of the protocol which underlies Bitcoin. Like gold’s provisional system, the bitcoin mine also functions upon a need for efficiency and the potential for profit — bitcoin miners certainly compete against each other because only one miner can earn the right of seigniorage for a given “block”, but they have extremely limited control over the rate of new bitcoin issuance. Gold mining is market-driven, while bitcoin mining is algorithm-driven.
Page 3
Yes, both types of miners are rewarded for their hard work. In addition to their award of newly- created bitcoins, bitcoin miners confirm transactions to the rest of the network, providing comprehensive security for the use, transfer, and storage of all bitcoins. For gold to have these traits, it would be analogous to expecting contemporary gold miners to simultaneously act as transaction security for every trade in gold: armed guards, checkpoints, concealed transaction values, guaranteed delivery of every transaction worldwide, and a constantly updated ledger for confirmation.
Unlike gold, Bitcoin has embedded transaction security and reliability in its protocol. Bitcoin’s security gets more robust as more individuals participate in both the market and the mine. Bitcoin facilitates frequent, secured, and valued transactions of varied amounts between varied individuals, all without person-to-person trust, in a manner that is both globally visible and publicly auditable.
Bitcoin’s intrinsic value lies in its ability to provide secure, reliable transactions every time as a protocol (although humans do make mistakes in specific implementations of said protocol, so it’s not "perfect"). Bitcoin’s embedded security with a lack of central bank manipulation, nearly instantaneous and free transactions, increasingly liquid markets, and accelerating adoption rate is attractive to any contemporary investor that is looking for the new safe haven of exchange- value and the future of technological innovation.
We believe Bitcoin has many advantages over gold:
 Difficult to steal. Unlike in Goldfinger, there is no central location holding a significant percentage of bitcoins. Nor can a thug snatch a bitcoin chain from around someone’s neck.
 Gold’s weight and value make it difficult to ship. The Federal Reserve Bank of New York holds 7,716 metric tons of bullion. Transactions between countries involve a forklift moving gold from one pile to another. Bitcoin’s protocol allows value to be quickly moved around the globe.
 Can be used for small purchases, while gold isn’t used as currency anywhere in the world.
 Limited supply, while precious metals continue to be mined. The U.S. Geological Survey
estimates that there are 52,000 metric tons of gold still in the ground, with more to be
 Easy to verify. The United States’ gold reserves haven’t been examined since 1950, and then
without outside observers. Three-time presidential candidate Ron Paul isn’t the only one
wondering whether Ft. Knox’s vaults are empty.
 Less wasteful of manpower. With gold at $1,300 per Troy ounce, the 8,133.5 metric tons of
gold in our official reserve are worth $339.9 billion. This is the equivalent of 12.3 million years of work with U.S. median personal income at $27,659, 84 times the 146,000 man-years of work estimated to build the Great Pyramid of Giza. At least people can see the pyramids.
Hass McCook has written a thorough comparison of bitcoin and gold costs. Here are some highlights from his report:
 The annual cost of mining gold is $105 billion vs. $0.79 billion for Bitcoin.
 Gold mining uses 475 million gigajoules of energy versus 3.6 million for Bitcoin.
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 Gold mining produces 54 million metric tons of CO2 vs. 0.6 million for Bitcoin.
 Gold costs over 100 worker deaths each year versus zero for Bitcoin.
 Gold incurs about $600 million in corruption, money laundering, and black market costs
each year versus a negligible amount for Bitcoin.
Bitcoin capitalization is a fraction of world foreign exchange reserves, official gold reserves, gold bars and coins held for investment, and gold in jewelry, an important store of wealth in countries such as India. What will happen to bitcoin price with widespread adoption?
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