|
It's been quite some time since I've been active within the community, but nevertheless TradeFortress reached out regarding my old balance on Inputs.io. For an amount that I had long written off, he came through and paid the balance in full. All outstanding obligations have been cleared, and I couldn't be more appreciative - it's certainly a nice surprise. Thank you!
|
|
|
|
I have the opportunnity to rent an antminer s7 for 200€ forma three mmonths. Given that I dont pay for electricity; Would it be profitable?
Flat out, yes that is profitable assuming 200 Euro (~$225) is a one time cost for 3 months of operation (even accounting for extreme difficulty increases), and also assuming it comes with a PSU (or you have one on hand to handle ~1500 watts). However, you may state that you don't pay for electricity, but I imagine someone else does. Think they'd notice their monthly electric bill increasing by about 1,000 kWh? |
|
|
|
Even in this case, centralization will happen, because someone will just buy a whole bunch of machines and stuff them in a warehouse. Yes, everyone that can afford a desktop unit can be a miner, but the big guys will do the same thing. And there will always be pools.
A thousand times this ^^ If there is any conceivable way to scale mining of a coin and revenues generated by mining outweigh the expenses, then 10/10 times mining power will be consolidated over time. You can pick any coin, any algorithm, any hardware specification, it doesn't matter...if it's profitable and it scales, it'll go in a datacenter. There hasn't been a feasible way around this, since really it's just economics. |
|
|
|
To our valued customers ,
As of May 4, 2016 Spondoolies-tech has ceased operations.
It has been a great privilege to serve the Bitcoin mining community and especially our customers. We deeply appreciate the support and faith that you have placed in us and wish you success in your future endeavors.
Sincerely,
Guy Corem CEO
Spondoolies-tech
Sorry to see that you stopped your nice business Guy, any further explanation? From what I've read in BTCS, Inc's latest filing (Form 8-K as of May 5th), it appears bankruptcy (though I may be misinterpreting, so clarification from Spondoolies would be appreciated). From the form: Item 8.01 Other Events.
On May 5, 2016, BTCS Inc. (the “Company”) was informed that, on May 4, 2016, a hearing was held in the district court (the “Court”) in Beersheva, Israel during which certain parties sought appointment of a temporary liquidator for Spondoolies Tech Ltd. (“Spondoolies”). As a result of the hearing, the Court appointed a temporary liquidator and the judge presiding over the proceedings set a hearing for July 14, 2016, at least one week prior to which a certificate of information must be filed with the Court as required in the applicable regulations. The Company is seeking a conference with the temporary liquidator.
At the present time, there can be no assurance that the Company’s pending acquisition of Spondoolies can be effectuated and is examining what claims, if any, it may have in connection with such acquisition and the Company’s prior investments in Spondoolies.
|
|
|
|
Hello, is this still alive?
if so, i'm interested in buying a cuban cigar.. what bitcoin address do i send the money to, also where do i send you my adress details?
sorry if its posted somewhere, i looked and couldn't see any information anywhere
thanks!
This thread hasn't been active in 2 years, and ColdHardMetal hasn't been online for over a year, so it's safe to assume sales have stopped. Haven't come across any other sellers in a while either, though admittedly I haven't looked that hard. |
|
|
|
|
Don't forget the most important piece out of all of this: the reward drop. We've got about 3 months before we go from earning BTC25 per block down to BTC12.5. Whatever your calculated revenue comes out to be, plan your operations around cutting it in half.
|
|
|
|
You can not secure a network of trust and confidence on human greed. Eventually it will consume itself to the point where only the most aggressive, ruthless and cunning players get to reap most if not all the benefits. [...]
100% this. So long as mining revenue (from any source, past or present...CPUs, GPUs, FPGAs, ASICS, etc) exceeds the cost to generate that revenue, mining power will continue to be centralized. And why wouldn't it? If you have a piece of hardware that earns you $1, but you find out you can earn $2 if you move it to an area with slightly cheaper energy costs, wouldn't you? Continue that trend on scale - develop more efficient hardware, move that hardware to cheap power sources, find ways to reduce any and all expenses, and suddenly you'll find yourself operating a monstrous, profitable mine that no amateur can compete against. The only way to stop that trend is if there's some sort of financial disincentive to consolidation. |
|
|
|
|
Overall it's preferable for larger mines to regularly liquidate any Bitcoins that they mine in order to cover expenses. For example, if your mine costs $10,000 per month to operate (between building / maintenance costs, cooling, staff, and electricity), you can't (yet) pay all those in Bitcoin. With that semi-fixed expense, the company would need to mine at least BTC44 ($230 per coin at the time of writing) to break even by month's end.
But, that's assuming the price doesn't drop or increase...which obviously has an effect on how many coins are needed to reach that break-even point. Selling coins as they are earned guarantees the company predictable revenue for that day (or hour, week, etc) instead of gambling on whether or not the price will increase over time.
|
|
|
|
I assumed the BTCS merger was already a done thing. Saw news about it a couple weeks ago.
If I recall, that was just a letter of intent, not a full contractual agreement...sort of like saying "we're working on a plan to do this, but there's nothing saying we have to follow through with it". Has this changed recently? I haven't seen another SEC Form 8-K being released yet. |
|
|
|
|
I think I'll shoot for +1.51% to +1.75% this time.
|
|
|
|
|
I'll shoot for +4.76% to +5.00% this time.
|
|
|
|
|
I'll take +2.76% to +3.00%
|
|
|
|
When is the next Block halving planned to come? I want to start mining so need to know how that will effect Profit. If the rewards are halve, I guess we get 50procent less
income. If that is the case O really wonder when it is estimated to be.
Regards
As others have pointed out, the BitcoinClock site is pretty handy. The Bitcoin Wiki should help as well: https://en.bitcoin.it/wiki/Controlled_supplyRegarding how it will affect your everyone's profits, that's an unknown, but it could be assumed that the price per coin would increase. Bitcoin Magazine had an article about the first drop written back in 2012. The TL;DR version is that we could experience 'Supply Shock'...either it would be factored into the market price prior to the drop, or the price will increase post-halving to compensate for the reduction in income. Looking at the BitStamp price charts from 2 months before to 2 months after the first halving , we can see an obvious increase...but that's only a fraction of the whole picture and may not completely correlate to the reward drop. There were a number of other factors leading to the price increase during that period (increased publicity, the first ASICs coming to market, etc). |
|
|
|
Ouch. Two (of many) glaring problems here: 1) If you've been blogging and getting free shares for your work, but can't make ends meet, something tells me this "plan" is really just to generate hype for a quick pump and dump. 2) If the company isn't able to generate their own dividends from profit, what's the point of donating your money to do it for them? That doesn't do anything to solve the underlying problem, and instead serves to highlight the floundering state of the company. |
|
|
|
Lightbox just supplies the servers and software to the Panama Fund. You yourself closed your fund at Havelock since it was no longer profitable to continue it. You did a good job of communicating it. Unfortunately not all Fund managers were as transparent as you were.
As you can review from past posts TAT Investments transferred not sold the exisitng virtual shares of AsicMiner to a block chain address to be managed by Havelock. We never actually owned directly any AM shares or AMHASH shares.
Airwolf is frustrated as we are at the current situation with AM. However as you know we don't have custody of any of the Bitcoins raised by AM or AMHASH.
From day 1 when Airwolf has contacted us all he used were physical threats to James and his Family. We tried to advise him that communicating threats of violence is a crime and we offered a chance to take those threats back as he had made them under obvious distress.
As you know since you have used our platform, we can't stop a person from signing up, depositing Bitcoins and purchasing units of a Fund for exchange for Bitcoins. Those Bitcoins move to the control of the Fund manager and are withdrawn by them.
I figured as much, thanks for clarifying. I'm impartial to the whole ASICMiner / AMHASH situation as I have no investments in either anymore, so I'm shying away from participating in that conversation. Bringing up James, however, is a different story, since it's well known he know longer operates Havelock. I see it fairly often that people tend to forget this (either intentionally or they never knew in the first place). |
|
|
|
Oh, you!  Hmm, interesting, I didn't see that until now. Checked my past correspondence with Havelock (from 2012, while James was still in charge) and the headers also point to the Lightbox.org mail server. DNS and MX records also check out. If I had to guess, company ownership was transferred to Panama to forego any regulations, but the existing infrastructure / setup was left in place. The Panama corp could then pay for hosting (since that's what Lightbox Technologies does) instead of moving everything to their own servers. Odd, if you're looking to distance yourself after the sale of the site, but not totally unreasonable. Obviously this is speculation, and obviously I expect this will turn into a super conspiracy in the next 2-3 posts. |
|
|
|
JAMES GRANT(HAVELOCK): YOU ARE RESPONSIBLE FOR THE RETURN OF OUR MONEY!
I'd recommend doing a bit more research before accusing people. James sold the platform back in late 2013 to "The Panama Fund" after it was clear Canada was going to push new virtual currency regulations, ultimately closing down Havelock. These regulations came to light in early 2014. If anything, you should be focusing on the group of Panamanians that have turned the platform to shit over the past year. |
|
|
|
|
After a cursory glance over what's been taken so far, I'll take +4.26% to +4.50% (assuming that one's still open).
|
|
|
|
The chips are reported to perform at 0.2J/GH, which is a pretty substantial achievement. Once the chip is fully developed / market ready, you can bet all of the big farms will want to incorporate it as soon as possible. It will drive their energy requirements down, allow them to expand, and, as a result, ultimately drive up the difficulty. How long it takes to get to this point, or how high the difficulty will go, is hard to say.
The consumption at wall is not yet to been seen (otherwise we would have seen their mining board) Isnt this old news? Quite true, but I imagine the "at-the-wall" efficiency would still be better than what's currently on the market, even if it ended up pulling 0.4J/GH. As for old news, partially. They had advertised they were working on a low powered, 0.2J/GH chip ages ago, but only recently finished development and testing. Turns out they met their original projections. |
|
|
|
What does this mean? How does this affect home miners? Will difficulty shoot up soon due to Bitfury 28nm chips?
The chips are reported to perform at 0.2J/GH, which is a pretty substantial achievement. Once the chip is fully developed / market ready, you can bet all of the big farms will want to incorporate it as soon as possible. It will drive their energy requirements down, allow them to expand, and, as a result, ultimately drive up the difficulty. How long it takes to get to this point, or how high the difficulty will go, is hard to say. |
|
|
|
|
Show Posts
