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1201  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: March 29, 2014, 06:52:13 AM
Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.


Altcoins were developed only so that people could mine on commodity hardware and it be impossible to mine on GPUs FPGAs ASICs... oh shit, why do they exist now?

Flood of Vertcoin knockoffs in 3... 2... 1...
Because centralized supercomputers and giant server clusters can never mine Vertcoins ...
1202  Bitcoin / Hardware / Re: Official BITMINE CoinCraft series 28nm ASIC miners thread on: March 29, 2014, 06:39:30 AM
Sorry if this has been answered before, but if I want to use my own power supply to get my 1 TH/s Desk shipped earlier does it need to have a single 12v rail?
1203  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales NEW STOCK ***NOW SHIPPING*** on: March 29, 2014, 06:04:07 AM
Yeah, too bad he isn't selling anymore. I actually like my MBP rigs even though they take a long time to tune and require third party cases to properly secure and stabilize the cards. You can build them nice and quiet, unlike the other noisy offerings that need 2000+ RPM fans to operate.

I plan to keep mine running until 25 billion difficulty and beyond.
1204  Other / Off-topic / Re: Looking for people with the same experience on: March 29, 2014, 05:22:14 AM
OP hasn't been around long enough. Or has not used Bitcoin enough. The more you use it the more likely you will get scammed at some point - just like fiat. I was scammed out of 500 BTC back when they were $8.
1205  Economy / Service Discussion / Re: Watch out for Coinbase. They robbed me. on: March 29, 2014, 05:11:26 AM
Let me guess - you locked in a trade at a good rate and later on they canceled the trade?
1206  Bitcoin / Hardware / Re: Official BITMINE CoinCraft series 28nm ASIC miners thread on: March 28, 2014, 05:24:14 AM
We stepped out 2 hours later with 4 Coindesks Smiley

and now they're happily mining away

Are they loud? Can you put them in an office area?
1207  Other / CPU/GPU Bitcoin mining hardware / Re: Is it worth it to have a ups for mining farm?? on: March 28, 2014, 05:16:05 AM
Surge protection is very important, but I don't think that you need a UPS. Unless you have temperamental miners that might not always restart themselves when power resumes.
1208  Other / CPU/GPU Bitcoin mining hardware / Re: Just got a 1T/hash 'FancyBitcoin Miner' - LOUD! on: March 28, 2014, 04:35:13 AM
You could consider putting it in a datacenter, but it probably wouldn't be cost effective with that weird form factor.
1209  Bitcoin / Bitcoin Discussion / Re: Capital Gains My Ass! The IRS Just Invested In Bitcoin! on: March 27, 2014, 07:53:59 AM
To whom are you speaking?

I think the original poster is addressing the IRS and those the support and push this type of policy but I could be wrong.
My unambitious cousin works for the IRS as a seasonal clerical worker who was so happy when his pay grade went up to GS-7. He's probably a typical example of the IRS workforce. I doubt the OP was speaking to people like my cousin.
1210  Economy / Service Discussion / Localbitoins - Offline traders with a GREEN status on: March 24, 2014, 10:57:31 AM
Yesterday I opened trades with a bunch of traders who had a green dot next to their names. The type of trades caused my BTC to go into escrow immediately. However the traders appeared to be offline and did not respond. I had to wait 6 hours to get my BTC back after the trades auto-canceled.

What's up with all these offline people with green dots?
1211  Bitcoin / Hardware / Re: How i can undrervolt Ant minter s1 ???????????? on: March 22, 2014, 02:14:27 PM
The HW has increase (before I had 0.1 ~ 0.2%).

I used pencil mod on R3 (4.47kOhms => ~2.9kOhms)

Since its a pencil mod, just make sure the voltage remains the same, as pencil makes different resistance under heat.

Maybe with lower resistance give lower hw?




.
In this case, under heat you will get a lower reference voltage at the voltage divider. So your HW errors would likely go up if you maintained the same frequency.

This has the opposite effect of pencil modding to increase voltage, where you'd be putting lead on the other resistor.
1212  Other / CPU/GPU Bitcoin mining hardware / Re: antminer lifespan on: March 22, 2014, 01:58:08 PM
I wouldn't be surprised if it ran 5 years at the stock clock speed, provided that you replace the fan on a yearly basis and periodically clean any accumulated dust.
1213  Bitcoin / Hardware / Re: Official BITMINE CoinCraft series 28nm ASIC miners thread on: March 22, 2014, 11:57:02 AM
it seems, they really run off on the power blocks. Cant believe. Maybe they can built the desks in advance and then next week putting the powerblocks inside. Why do they sabotage themselve?


The good thing is that when the difficulty rises by 10 - 15 % again its not a huge catastroggedon as earlier...

the difficulty rise doesn't matter anyway. IT'S IMPOSSIBLE TO RIOT IN ANY CASE.

Bitmine just fucked us all hard.

I hope the court is going to fuck them back.

It's never impossible to riot, you just need to gather about a dozen angry and/or drunk people. I'd think in this thread alone you could recruit a rather strong riot Cheesy

Sorry, couldn't resist. I know english isn't your language, it was just funny Cheesy
My phone's spell-checker/corrector does that to me. That's why I've stopped posting using my phone.
1214  Bitcoin / Hardware / Re: AntMiner S2 1TH/s Miner (1w/GH/s) on: March 22, 2014, 03:35:26 AM
Yes I had previously done that calculation as well. The only thing I can think of is if you are (or maybe your employer is) already paying for a rack that is underutilized power-wise but has a little space left you can add a few of the miners.

I couldn't give a rats ass about nanometers or "sexy" miners (seriously you guys need to get out more). All I care about is price, delivery, reliability, hash rate, and power usage.

Obviously, I don't have to agree with you 100% (except for the part that I should get out more).. but you're right on the money with that fact that the ASIC doesn't need to look "pretty". To get the job done is the right attitude and it's not like we'd look like poster boys ourselves either.

Furthermore, it left me thinking about the 1.25U competitor.. If they consume between 1.2 - 1.35kW power, why bother with such a small factor (and risk with not being able to dissipate the heat effectively, hence more noise for fans spinning at max)? Yes, it is the coolest looking kid on the blockchain, but as most Data Centers can normally only facilitate up to between 8 to 12 kW of power per rack (including the equivalent in cooling), where lies the benefit in 1.25U when you can only fit 10 of those into a 42U rack maximum, leaving 70% of the rack unpopulated from a density point of view? Data Centers that could facilitate more power are few and far between.

In this sense, BITMAIN seems to be spot on with the sizing - but it does come down to the price and how well they can position themselves on the market. No doubt more competition is coming and the big names of the past are looking to regain their position.

What sort of servers are used that have higher densities of power than the usual rack? (fitting with the scenario you suggested above).

there are examples of server racks that are 3 antminers/4U = >30 antminers or 12kW.  I assume with enough airflow the high power demand can be handled. Most racks though are not often equipped with more than 1 or 2 6" PDU units, generally capable of 4-6kW each depending on the outlet style.  However, adding another PDU or simply employing multiple shorter but equally powerful PDUs would at least deliver power to the rack.

Its also quite possible not many datacenters expect such power density, and may not have enough available outlets per rack even if airflow/cooling are not a limitation


The 2 DC that I'm in are completely modular, I can order multiple 60A 3-phase connections if I wanted, so power density isn't an issue. I currently have 2 30A 208v single phase per rack, which is enought for 27 S1's overclocked, and the plan will be for 10 S2's. Depending on the DC and their rules, you may be able to go above the 80%, at mine, the only thing I lose is the uptime guarantee if I trip my own breaker.

2 of these gives you a 10KW rack

http://www.newegg.com/Product/Product.aspx?Item=N82E16812120346

That PDU doesn't take up very much space. If density required it, 4, 6 or even 8 is completely feasible, however if you're running a 40KW rack, you'll probably want to think about 3-phase.


May I ask how much a 30A 208V line costs per month in your DC?
1215  Economy / Trading Discussion / Re: How to prove Bitcoin transactions to a bank? on: March 22, 2014, 03:26:34 AM
Wow that is a going to be a difficult sell. Your best bet is to sell some bitcoins to cash and put them in an account in the bank. Then when you have closed on the house, convert back to bitcoins.
This sounds like a recipe for potentially destroying tens of thousands of dollars in wealth. If at any time during the process BTC spikes upward, OP has lost money. Not worth it imho.
Not to mention that you have to explain to the banks where the large amount of cash came from. They need to know that the money was not borrowed, which leads you back to square one - having to prove that the coins you sold were yours.
1216  Bitcoin / Hardware / Re: AntMiner S2 1TH/s Miner (1w/GH/s) on: March 21, 2014, 01:59:05 AM
Does anyone still have any unresolved (paid immediately but expired) S2 orders made through the web site?
1217  Bitcoin / Bitcoin Discussion / Re: Incentive to have most of your bitcoins in a single address? Did Satoshi think? on: March 19, 2014, 11:16:50 PM
Would we hoard more coins if there was such an incentive?

On the flip side of the coin there is the issue of privacy and security. Having too many BTC in one address is just asking for trouble and unwanted attention. The incentive would need to more than compensate this drawback.
1218  Economy / Speculation / Re: WTF is going on!? on: March 19, 2014, 12:44:18 AM
Wait what, why are people panicked about the blockchain being offline.
Bitcoin isn't falling nor is the blockchain itself?
Because blockchain.info is the authoritative blockchain.

Errr, wait ... maybe not.
1219  Bitcoin / Bitcoin Discussion / Re: Bitcoin & PoW is a waste of energy & destroys nature on: March 19, 2014, 12:38:16 AM

Quote
Some argue that methods based on Proof of Work alone might lead to a low network security due to Tragedy of the Commons, and Proof of Stake is one way of changing the miner's incentives in favor of higher network security.

I don't see any "Tragedy of the Commons" happening here at this time. Do you?
1220  Other / CPU/GPU Bitcoin mining hardware / Re: BIOSTAR Ready to Launch Motherboards with Built-in ASICS – Great for Bitcoins on: March 18, 2014, 11:15:46 PM
64Gh?

Did I miss something.....

J



24 GH/s, but who's counting.   Tongue

2013 called, they want their miner back!

24 GHs....... yeah right..


Another noob trap.

If enough motherboards are sold we could see a resurgence of BTC mining botnets.
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