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13361  Economy / Speculation / Re: Bitcoin will still go down short term on: March 24, 2014, 12:20:21 AM
Probably more than six months. http://finance.fortune.cnn.com/2014/03/06/mt-gox-bitcoin-bankruptcy/
13362  Other / Archival / Re: Mining pools list on: March 24, 2014, 12:05:35 AM
Forgive me if this is covered somewhere in 27 pages, but p2pool does support merged mining. It has to be set up separately by the operator of the node and it is solo mining. Whether this is listed as Yes or No on post #1 there should at least be some kind of asterisk on a No. If you set it up you get the same expected return as a pool that does conventional merged mining.

13363  Bitcoin / Pools / Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread) on: March 23, 2014, 11:57:31 PM

That tells you nothing at all about the pools other than hash rate. Hash rate is not everything.  At least visit https://en.bitcoin.it/wiki/Comparison_of_mining_pools although there is more to it than that as well.
13364  Bitcoin / Pools / Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread) on: March 23, 2014, 11:56:02 PM
Another lucky mining day at Eligius - 34 blocks found last 24 hours
(Average pool blocks per day at 5,372.64 Th/s at this difficulty: 25.435)

Helps when you have two 8 second rounds back to back.
13365  Bitcoin / Mining speculation / Re: prediction on next diff increase? on: March 23, 2014, 11:45:29 PM
I think it will increase 15-20% this one but next one when the antminers are in full operation it will go back to 25%

I have to agree with the previous poster who said that anything shipping soon (with the possible exception of spondoolies) is very likely already mining on the network. The network hash rate will actually drop a bit while the units are in transit, and then return to where it was one they are received by customers

Predicting the future hash rate is an exercise in predicting future products and inventory, not (almost) current ones.

13366  Economy / Speculation / Re: Bitcoin will still go down short term on: March 23, 2014, 11:42:17 PM
Zero chance withdrawals enabled with any missing coins during a bankruptcy proceeding.
13367  Bitcoin / Hardware / Re: AntMiner S2 1TH/s Miner (1w/GH/s) on: March 23, 2014, 10:22:37 PM
You should be able to balance the AC between the office and warehouse using automatic dampers. That might require a bit of HVAC contractor work, but the cost should be reasonable.

Where did you build it that the rent is $300?

its a small space that is unused in a friends small business. I just pay a little bit of 'rent' and covcer the power costs of what i am using.

In the bigger picture, its a testbed where I can scale to 15-20kW before moving to a much larger space
Is this the current collective site?

to an extent. the collective concept was more geared towards a facility with 20kW+ capacity and with bitcoin miners being more expensive (ie: fewer).

This location has 18kW available to me, but I don't know whether the AC can handle that much added heat in a limited area, and I suspect that it may be difficult to go above 10-12Kw during the summer, and with 6kW in place by mid-april, it leaves much less space for hosting options until I move to a larger location or can actually use 18kW or more without heat limitations

If it is a question of the small area, just get a big fan. That will help with hotspots anyway. Obviously if the AC in the entire space is at capacity you will still need to limit your power load.
^Thats my concern. Airflow is pretty good, it actually has a reasonable updraft through the grated flooring of cooler air from the storage area below. this blows through the miners into the rest of the area - so local exhaust is not an issue

The concern is the 600V Air Conditioning system which is dispersed through the entire warehouse area and the office area. Its not known whether the AC will be capable of
1) Cooling the warehouse area with the miners without creating extremely cold conditions in the office area
2) cooling over 18kW of heat from the mining rigs.

I know just how much heat comes from 6kW. since ive installed it the gas heater went from firing up 5min every 15min to 5 min every 30min.  Its entirely conceivable that the maximum power i can use without disrupting the overall climate control will be 10-12kW during the heat of summer - but without finding out what the exact system setup/specs are (i doubt anyone in the business would now, since its part of a multi-business plaza) i may have to wait and see while building up the collection as i can.

Unfortunately, there is no real ability for me to access the outside to install secondary cooling/ventilation paths from my location so the AC is probably the limit
13368  Bitcoin / Pools / Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread) on: March 23, 2014, 10:20:08 PM
Quick question: What are folks second favorite pools to mine? I usually hit BTC Guild or BitMinter. Are there other pools that folks who have been mining a lot longer than I have prefer?

Eclipse, bitminter, and p2pool. Honestly ghash seems to run a quality service, Were it not for their excessive share of the network I would recommend them. Even with that I can't say its bad to put a small amount of hash rate onto it. Will reduce your variance a lot. For example, a mix between ghash+p2pool is probably a net gain for decentralization with low variance.

I have had good results with slush but the fees are now to high for me too recommend, and the hash rate too low to offer any offsetting benefit in terms of variance.
13369  Bitcoin / Hardware / Re: AntMiner S2 1TH/s Miner (1w/GH/s) on: March 23, 2014, 09:43:37 PM
Where did you build it that the rent is $300?

its a small space that is unused in a friends small business. I just pay a little bit of 'rent' and covcer the power costs of what i am using.

In the bigger picture, its a testbed where I can scale to 15-20kW before moving to a much larger space
Is this the current collective site?

to an extent. the collective concept was more geared towards a facility with 20kW+ capacity and with bitcoin miners being more expensive (ie: fewer).

This location has 18kW available to me, but I don't know whether the AC can handle that much added heat in a limited area, and I suspect that it may be difficult to go above 10-12Kw during the summer, and with 6kW in place by mid-april, it leaves much less space for hosting options until I move to a larger location or can actually use 18kW or more without heat limitations

If it is a question of the small area, just get a big fan. That will help with hotspots anyway. Obviously if the AC in the entire space is at capacity you will still need to limit your power load.


13370  Economy / Lending / Re: Loans offered on: March 23, 2014, 08:53:49 PM
I need aboit 0.2 btc for 25 days only! Please PM if you can lend me your coins

PM sent
13371  Bitcoin / Mining speculation / Re: prediction on next diff increase? on: March 23, 2014, 08:20:57 PM
All of these ASIC mining machine manufacturers are (Bitmain, KnC, etc... even the new comer Spondoolies-tech) are pre-mining with the hardware...

Spondoolies claims they don't premine (much). They burn in each device for only 24 hours for charity (or for the buyer if on a hosting plan).

They are probably the most transparent of the miner companies, so they might actually be telling the truth.

The rest are probably premining.

13372  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Altcoin<->btc loans on: March 23, 2014, 05:49:09 AM
Great service you are offering! Wish you the best!

Thanks bro. PM me or reply if you are ever looking for a loan.
13373  Bitcoin / Pools / Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread) on: March 23, 2014, 03:14:35 AM
As long as you stay somewhere, it will eventually balance out in the end assuming the pool (and operator) are functioning properly.  The lower hashrate pools will have higher variance, and it could take a long time to get to the "end".

It will eventually converge toward average luck no matter what you do. Even if you jump around your own results will still converge (assuming the pools are using hop-neutral payout methods).

If you want to minimize your variance you should split your hash rate between pools according to their share of the network, though any split will reduce your variance and any reasonable split will reduce your variance quite a bit. If you want to avoid fees a reasonable one is ghash+eligius+eclipse, maybe bitminter (1% fee but pays NMC and xfees), and maybe p2pool (if you feel p2pool is worth supporting despite its tiny hash rate).

Quote
No one was complaining about the 160% luck we had not that long ago. Smiley

M

True that.
13374  Economy / Lending / Re: Loans offered on: March 23, 2014, 02:43:03 AM
New loan to ClutchThese. I'm giving seller financing on the sale of an AntMiner S1 which is held by me as collateral until paid off.  The loan and mining is visible at

http://eligius.st/~wizkid057/newstats/userstats.php/1N7wXVJTtPBuW2HRTxrQpBbdXCZ3wmS17c
https://blockchain.info/address/1N7wXVJTtPBuW2HRTxrQpBbdXCZ3wmS17c

Once the balance at that address reaches the sale price of 0.938 plus hosting at 0.005 per 15 days (due in advance) plus interest of 1% per week (due in advance), with a maximum term of one month the loan will be considered paid off and the miner will be shipped to ClutchThese priority mail at the seller/lender's expense. Down payment of 0.365 already made and additional payments may be made at any time.

Initial balance of the loan is 0.62823


Confirmed. Thanks!

Small correction hosting is 0.05/15 days, edited above. ClutchThese please confirm.

That is correct. Smiley no worries!

Thanks
13375  Economy / Lending / Re: Loans offered on: March 23, 2014, 01:59:22 AM
New loan to ClutchThese. I'm giving seller financing on the sale of an AntMiner S1 which is held by me as collateral until paid off.  The loan and mining is visible at

http://eligius.st/~wizkid057/newstats/userstats.php/1N7wXVJTtPBuW2HRTxrQpBbdXCZ3wmS17c
https://blockchain.info/address/1N7wXVJTtPBuW2HRTxrQpBbdXCZ3wmS17c

Once the balance at that address reaches the sale price of 0.938 plus hosting at 0.005 per 15 days (due in advance) plus interest of 1% per week (due in advance), with a maximum term of one month the loan will be considered paid off and the miner will be shipped to ClutchThese priority mail at the seller/lender's expense. Down payment of 0.365 already made and additional payments may be made at any time.

Initial balance of the loan is 0.62823


Confirmed. Thanks!

Small correction hosting is 0.05/15 days, edited above. ClutchThese please confirm.
13376  Economy / Lending / Re: Loans offered on: March 23, 2014, 01:55:23 AM
New loan to ClutchThese. I'm giving seller financing on the sale of an AntMiner S1 which is held by me as collateral until paid off.  The loan and mining is visible at

http://eligius.st/~wizkid057/newstats/userstats.php/1N7wXVJTtPBuW2HRTxrQpBbdXCZ3wmS17c
https://blockchain.info/address/1N7wXVJTtPBuW2HRTxrQpBbdXCZ3wmS17c

Once the balance at that address reaches the sale price of 0.938 plus hosting at 0.05 per 15 days (due in advance) plus interest of 1% per week (due in advance), with a maximum term of one month the loan will be considered paid off and the miner will be shipped to ClutchThese priority mail at the seller/lender's expense. Down payment of 0.365 already made and additional payments may be made at any time.

Initial balance of the loan is 0.62823
13377  Alternate cryptocurrencies / Marketplace (Altcoins) / Altcoin<->btc loans on: March 23, 2014, 12:17:37 AM
I have been lending btc against altcoins as collateral in the btc Lending forum. If you have altcoins and would like to apply for a btc loan posting those coins as collateral, see my thread there. If you would like to borrow altcoins by posting btc as collateral you can post here. Either way you can PM me. I'm also open to other loan terms but loans collateralized by some other coin seem popular.

For anyone who is wondering why you might want to do this instead of just trading one for the other, aside from liquidity reasons, it can be useful for leverage and shorting. So if you trade between coins this gives you another option.
13378  Economy / Lending / Re: Loans offered on: March 22, 2014, 11:39:30 PM
Hey Smooth just sent you an offer.

PM sent, declined.
13379  Economy / Securities / Re: [NastyFans.org] NASTY MINING | NASTY POOL on: March 22, 2014, 08:43:32 PM
Any ideas what I can do to have less "Dead" on the pool?

You maybe want to read https://bitcointalk.org/index.php?topic=153232.0. I think it is a good information collection for learning about P2Pool and how to maximize performance. As a NastyPool miner you are not concerned about running p2pool software but there are some miner tips there. Also it is important to understand P2Pool because a lot of miner statistics (hashrate, dead value) have different meaning for P2Pool than for other pools. Most people make the big mistake of comparing these to other pools.

What nonnakip said, but also the main thing you want to look at is your hash rate average reported by the pool stats over a period of time (say 24 hours). If that matches up with what you think your miner should be doing then you need do no more. If not then you need to dig into where the problem is coming from.

13380  Economy / Lending / Re: Loans offered on: March 22, 2014, 07:29:53 PM
New loan to CIMF, post #2 updated
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