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1021  Bitcoin / Hardware / Re: Official BITMINE CoinCraft series 28nm ASIC miners thread on: July 13, 2014, 11:59:35 AM
This actually looks to be a good deal:
http://bitmine.ch/product/coincraft-desk-gen2/

Yes, a great deal!*



* if you're retarded

Yes.

And 1.3watt/gh is outdated too.
1022  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: July 13, 2014, 03:38:46 AM
some people got mad
1023  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: July 12, 2014, 09:53:23 PM

 I wouldn't call the price that you cite "at a very low cost" that Bitmain promised.

bitmain may consider that 'at very low costs' compared to what it costs him to make it...  we may be nearing the   costToBuild vs profitToMine  which will lessen the diff jumps in the near future...?

Maybe they have to mine for a few weeks with the preorder money
1024  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: July 11, 2014, 11:09:12 PM
Yes all preorder now to be safe from inventory that doesnt sell.
1025  Economy / Service Discussion / Re: *Unofficial* ICBIT (BTC Futures Trading) - Help & FAQ's on: July 10, 2014, 09:14:10 PM
Yes, Super T's explanation is right.

Each contract is for $10 (that's how it works if we want to account contracts in bitcoins). When you deposit your bitcoins to ICBIT you just move your long position in bitcoins to our site. Now, you can use this money to either increase your long position by buying contracts - effectively this means you're opening a short position in US Dollar (dollar falls - you get more bitcoins). Or, you can "sell" your long position and move your funds into "virtual dollars" (which are same contracts, if you sell them) and buy them back when the BTC price falls.

Couldnt you use your btc long position to sell future contracts?  Say sell the Dec 14 contracts now at $726.     the premium is?
1026  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 10, 2014, 08:29:25 AM
EMA is dropping.   Currently $605
1027  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: July 09, 2014, 01:54:13 AM
Usually 8 pin pcie is thicker wire than 6 pin pcie.  Also 8 pin carry more power than 6 pin connection.   Or same power but less heat depends on how you look at it.
1028  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: July 09, 2014, 01:27:19 AM
Q1/Q2  implies possibility in Q1    Ahhhhhhhhhhhhhhhhhhhhh
1029  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2014, 05:41:35 AM
EMA dropping to $606
1030  Economy / Computer hardware / Samsung 64GB MicroSDXC UHS-1 Card NEW .066 btc on: July 07, 2014, 10:27:07 PM
Samsung 64GB MicroSDXC UHS-1 Card NEW  .066 btc  Free shipping within US.

New retail pack includes card adapter.



1031  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2014, 05:42:04 PM
I see next support level 550-560
1032  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2014, 04:20:29 PM
As I predicted must drop below $620. 

Where is GATEKEEPER ?
1033  Economy / Computer hardware / Re: [In Stock]$1649 for 1T BTC miner,to be delivered in 24hours on: July 07, 2014, 05:46:00 AM
account name is remote, username is remota.   wtf
1034  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: July 06, 2014, 08:39:19 PM
Knc wants to ship out scrypt miners before all the asic for btc is done.   Nice for the people waiting 9 months.
1035  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 06, 2014, 08:36:49 PM
I'm sure there is a trading clause in their contract that voids sales due to software problems.  In that case they buy back 132 coins at market to give back to sellers. So only 60g.  The value of the coins the hackers took
1036  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: July 06, 2014, 06:41:41 PM
The s1 only draw 370 watts instead of 1500 for regular space heater, and the fans are more powerful so would throw more heat around a larger space too.
1037  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: July 06, 2014, 06:14:47 PM
In January and February I had s1s that were roi positive too.

But now they are not because the difficulty has gone up too much.

My point is it mines less now because the difficulty is 16.8 b not 4.3 b was in March.   Its hard to pay more than $80 for a s1 now if it can only mine about .13 btc.   I would rather buy .13 btc on Coinbase than pay more for a s1.

It will have a value as a heater starting in October. Which heater "almost" pays for itself plus reduce the gas bill?

Yes this was the good idea they had earlier. Or maybe some people can sneak into the office and use their electricity.
1038  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: July 06, 2014, 06:11:21 PM
In January and February I had s1s that were roi positive too.

But now they are not because the difficulty has gone up too much.

My point is it mines less now because the difficulty is 16.8 b not 4.3 b was in March.   Its hard to pay more than $80 for a s1 now if it can only mine about .13 btc.   I would rather buy coins btc on Coinbase than overpay for a s1.
1039  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: July 06, 2014, 05:51:35 PM
They can mine about .185 btc left with .08 cents electricity in China.

.08 btc with .16 electricity like most of USA.

.01 btc with .30 electricity like alot of Europe.

even mining.thegenesisblock gives better numbers:

$220 in revenue in 3 mo with ~$90 in expenses
after that-pencil mod and another month of profitability.
total profit $145  or 0.228 BTC
assumed $0.12/kwh in electricity (this is what i pay in US) and $634/BTC

Your .12 electricity and 634 btc price will mine .129 btc lifetime.

this can't be right, unless you are subtracting the electricity cost. all calculators show ~0.3BTC total (BEFORE subtracting the electricity cost).
if you are assuming 18% jump every 10 days-it is simply NOT going to happen, unless hardware market goes truly crazy.

YES is after electric cost.  I should say ROI .129.    You have to add the electricity cost to be realistic.  If someone has a BFL minirig, they can claim mines at 500gh, but uses 2400 watts!  is crazy, is as useless as BFL Jalepeno, Single 30 0r 60, ASM Cube.

At 16.8 B difficulty:

July 7-11   16.8 b diff 180gh at 370 watts mines .0054 btc per day x 5 days.  At $632 per btc is $2.40 per day - $1.07 = $2.33 per day profit.  This is $11.65
July 12-23  19.8 b diff
July 24-Aug 5  23.4 b diff
Aug 6- Aug 18  27.6 b diff
Aug 19- Aug 31  32.6 b diff
Sept 1 - Sept 13  38.5 b diff
Sept 14 - Sept 26  45.4 b diff
Sept 27 - Oct 9  53.6 b diff

This is the way to calculate it, by each day within each difficulty period.
1040  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: July 06, 2014, 04:54:21 PM
They can mine about .185 btc left with .08 cents electricity in China.

.08 btc with .16 electricity like most of USA.

.01 btc with .30 electricity like alot of Europe.

even mining.thegenesisblock gives better numbers:

$220 in revenue in 3 mo with ~$90 in expenses
after that-pencil mod and another month of profitability.
total profit $145  or 0.228 BTC
assumed $0.12/kwh in electricity (this is what i pay in US) and $634/BTC

Your .12 electricity and 634 btc price will mine .129 btc lifetime.

Is your calculator adjusting for difficulty jumps every 2 weeks, which means less mining power.  

In September when diff is near 38 Billion it will mine only .013 more btc.

Its the same numbers/formula .  Only adjusted values.  Change for diff, electricity, btc price.  hash rate, power

I use 18% diff, .16 elec, current btc

And I did a whole article recently in which US customers have usually higher electricity rates than the wholesale cost on their bills.  Typically including delivery, transportation, generation, and administrative fees this usually adds 4-6 cents to a bill.  My wholesale rate here in PA is .12 cents but the bottom line is .16 when its all calculated and time to pay for the watts used.
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