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1461  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 03:43:41 PM
That BTC mining chart for ASICs is making me smile. I mined 0.17 BTC yesterday via altcoins with "only" 12 GPUs  Cheesy

By comparison the SHA hashing armsrace has developed into a massive shooting one's foot party.



But you do realize you are supporting an ALTcoin that in a few months will be unsustainable.

It is what I like to call FOTM coin.

Edited for clarity.
1462  Bitcoin / Hardware / Re: [Antminer S1 open for sale again] The last round before the Chinese New Year on: January 24, 2014, 03:10:44 PM
For those who may have missed it.
I have added Antminer solution into the hardware vs network performance comparison sheet.



https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=drive_web#gid=13 <-- speculative return if network increases at 30% each retarget. Ignore anything past 2-3 months. Average network increase to date is just over 20%
1463  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 02:59:38 PM
Difficulty ATH!!! More than 2 billion!  Shocked

Here is the expected BTC return for a variety of hardware during this present difficulty.


Utilizing something like that was is an average cost in USD to mine 1 BTC?

Hardware cost is not factored in as most have already paid off their hardware with previously mined BTC.

Edit: After considering the recent news with retailers accepting BTC as payment, and larger groups arrogantly attempting to hold a % of the mining income. BTC is seriously undervalued.

You could go as far as saying that $800 today is $8 Last 2012.
1464  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 02:55:58 PM
Difficulty ATH!!! More than 2 billion!  Shocked

Here is the expected BTC return for a variety of hardware during this present difficulty.


Edit: Reminds me of the similar returns when GPU's were king.
1465  Bitcoin / Hardware / Re: Axonlabs - new 3TH miner for 10k on: January 22, 2014, 12:57:04 AM
Great, we got a new contender.

http://www.axonlabs.net

Anyone free to do some detective work...

Any hardware up for sell on the internet without putting the effort of getting https:// is a huge red flag....
1466  Bitcoin / Hardware / Re: [Antminer S1 open for sale again] The last round before the Chinese New Year on: January 21, 2014, 08:21:54 PM
I updated the Hardware vs Network Speed return document for those who asked.




https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing


https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=drive_web#gid=13
1467  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: January 18, 2014, 01:57:36 PM
Maybe they added more neptunes to cover the impending cancellation requets.

That is a probable perspective.

However I can see those 170 being put back up from incomplete orders.
1468  Economy / Speculation / Re: the Hodl and why. on: January 18, 2014, 12:48:47 PM
What is this, a bulls only support group? Who are you trying to convince? Tongue
so,go on and tell us some real good reasons for being a bear?
If you must then a good motive would be to pay down mining operation expenses/loans.
1469  Other / Beginners & Help / Re: "Hodl" "Hodling" ?! on: January 18, 2014, 12:33:45 PM
Why do BTalkers use this funny typo? Cheesy

There was a drop in value in btc due to news from china. During the drop and subsequent rise. A slightly inebriated community member made the typo.

Some found that error humorous and helped release some of the stress due to the volatility.

In hindsight holding durring the volatility has been the safe bet.
https://bitcointalk.org/index.php?topic=375643.0
1470  Economy / Speculation / Re: FACTS OF GERMAN GOLD REPATRIATION = FED HAS NO GOLD = BITCOIN PRICE EXPLOSION on: January 18, 2014, 12:27:01 PM
After one year, it was recently reported that, instead of giving Germany 1/7 of the gold total, they only gave them around 1/3 of that so it will be around 20 YEARS TO PAY IT BACK.  
sorry, but 1/3 is much more than 1/7.So the Germans get their Gold back earlier
what about your math`?

 Cheesy

I read it as they got back 1/3 of the promissed 1/7.
1471  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: January 18, 2014, 12:19:04 PM
Lots of stress over neptunes to tell you the truth I'm more bummed over a jupiter batch. I'm not concerned over neptunes yet, in fact I just bought a second one Grin
Congrats Smiley
1472  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: January 18, 2014, 11:47:56 AM
Just breached over 2000MM on the next difficulty prediction, it will probably be much more for the next adjustment.  There have been large spikes this month, several petahash...Hashfast is not shipping who is putting this hashing power on the network?  Is it KNC?
2000 MM?  Source please.
Last jump was under 400, bitcoinwisdom projects 500MM.


A large % of the spikes can be attributed to variance.
Next target increase is estimated at 30%.

http://bitcoinwisdom.com/bitcoin/difficulty
1473  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: January 18, 2014, 11:33:46 AM
It can take a few hour's to clear up incomplete orders. I give it a day or two and then all unpaid orders will be canceled. This will free up systems for order.

This may be the last batch untill they start shipping
.
1474  Other / CPU/GPU Bitcoin mining hardware / Re: KNC Neptune batch 2 on: January 18, 2014, 11:29:56 AM
What's the point of posting something that is SOLD OUT?

Actually the checkout process can tie up unpaid orders.
This will free up canceled or incomplete orders.

At this time 170 are still available.
1475  Bitcoin / Mining / Re: The cost of running asics on: January 18, 2014, 11:20:56 AM
Bitcoin mining became a big game,  now its hard for small hassers to contribute there hashes in bitcoin. More better to contribute that hashpower to some alts so atleast could get little more. Every weeks difficulty is going up in a rapid way so harder and harder eveeyday to fight with this difficulty.

What many forget is that anyone can take a share of the pie.

Running 1 system vs running 10 systems only effect the proportional % of the subsidy pie you get.

Here is a shared document that can help illustrate this fact.

You can increase the amount of power and speed for the given device to see how adding more hardware scales.

https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=docslist_api
Simply create a copy using google docs gmail services.
I recommend you use Chrome browser.
1476  Bitcoin / Mining speculation / Re: For Individuals looking to get into the Mining Game in 2014, please read this! on: January 18, 2014, 11:11:55 AM
Asic hardware for scrypt is expected to become available some time this year.

Because of this investing in new gpu based hardware has become as risky.
1477  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: January 17, 2014, 10:38:08 AM
Has the latest batch of Neptunes sold out yet?

Go to the Knc website, enter 1000 miners in your cart, and it will tell you how many are left (228 right now).

Neptune sales have definitely slowed down, and unless Knc releases some really good Neptune development news or the price of BTC goes up significantly, I doubt they will sell many more for a while.

10k is a lot to pay to be at the end of the Neptune line.

They have been selling close to 25 units a day.
Now they are no longer available 225 to 0.
1478  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: January 16, 2014, 10:36:47 PM
I am also a batch 4 customer, really kicking myself for ordering now, I went for the upgrade kit too.
I have been trying to get a refund and paid in Dollars exchanged from UK Stirling.
I modified their official refund and release form for a batch 4 customer.
I sent it to refunds@hashfast.com and Erin (customer support manager) acknowledged receipt but has not confirmed if I will actually get paid out. I have sent several emails asking but no reply.
It is really frustrating that you give what appeared to be a legit company your hard earned cash for a product that may never come and yet the don't even have the curtesy to reply to a few simple questions!! Rant over!

When did you order batch#4?

+1

I would also like to know.
1479  Bitcoin / Mining speculation / Re: For Individuals looking to get into the Mining Game in 2014, please read this! on: January 16, 2014, 10:48:09 AM
I think people that like the idea of mining don't really care much about whats on the horizon they just jump in and start doing it.

I personally like all forms of mining and am thinking of getting back into CPU mining with one of the lesser known cryptos.


I know what you mean, but I don't have the financial luxury to buy a mining rig as a hobby... that is why I'm concerned about at least breaking even, even if I don't profit.

Back when Bitfury and KNCMiner ship the first batch of units, many had reservations concerning possible return on investment.

The reality that btc would rise over its previous ATH had been discussed. However no one not even I predicted that BTC would be trading at over $1000 USD a few month's later.

Other ways to secure btc are available.

Mining is a high risk venture. It can be rewarding in many ways.

I have been providing a mining comparison spreadsheet to help new adopters become familiarized with the aspects of what network difficulty can do on projected returns.

Awareness of past hardware performance help people understand how speculative predicting future network speeds can be.

Here is a link. Create a copy and key in your own values if you wish.

https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=docslist_api
1480  Bitcoin / Mining / Re: Mining for Dummy's on: January 16, 2014, 10:34:25 AM
Some great suggestions have been given.
However from what you say your friend seems disinterested in reading and watching videos about the topic.

Perhaps giving her access to her own hardware will help motivate her adoption into this area.
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