sure, nobody knows what will happen to the market when the reward halving happens, but what are the miners PLANNING?
can any pool operators comment?
If <hardware = GPU> then stop; if <hardware = FPGA> then keep going;
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I loved this project, used it for months.. would sure like to see it come back to life..
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love the idea... Hope it sees use!
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I'm selling 10 x lifetime Premium accounts on UsenetStorm.com
NNTP access?
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Anything bought now will only be shipped after everybody else's orders?
Meaning we'll still pay the novelty price but will be probably mining at 25bitcoin/block + very high difficulty?
Is it a good idea to buy now or is it too late?
Personally, though I have hardware early pre-ordered (June) I've recently ordered more. I suspect my recent orders (End of September) won't arrive till January, but they should still be profitable.. they won't be 3 month ROI's like some are expecting in the short term, but paying for itself in 9-12 months seems like a smart investment to me.
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Here is my guide for people like me who are not familiar with linux to get cgminer running on a Raspberry Pi. Note that dlasher and burger did 99% of the work here. I just verified it and added some comments. Thanks guys!
Well done, nicely organized, good catch on the "libudev-dev".
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While I see r-pi listed in the subject, I see no instructions or downloads provided. Am I missing something? For Raspbian, my steps went something like this: install required parts: sudo bash apt-get install build-essential git dh-autoreconf libcurl4-gnutls-dev libusb-1.0-0-dev libusb-dev libncurses-dev libudev-dev yasm screen
grab latest version: tell it to configure itself bash ./autogen.sh --enable-scrypt --enable-bitforce --enable-icarus --enable-modminer --enable-ztex --with-libudev
upon successful configure with no errors, compile it make all
upon successful compile, run in "benchmark" mode to make sure it's alive ./cgminer --benchmark
stock 700mhz ARM gets right around 118Kh/s. [edit: added libudev-dev - thx for pointing out the miss]
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Our current facility is not geared for pick ups. The new facility will be more suited to it, so it's not out of the realm of possibility.
Say yes to pickups, and I will be there.
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You really think BFL can deliver 25TH/s on "day 0". Given their track record? Hardly. Try doing the same thing but make the 25TH/s spaced out over the course of a month.
No, I wasn't saying I think 25TH will ship on November 1st. I was using that as an example.
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We are discussing the possibility of an open house type event internally in addition to an "official" person verifying things as well. No, I don't have a date on when that might be as of yet.
In favor of that. As a bonus, can we pick up our orders while we're there, save lots of shipping and delay?
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While it's hard to know: -- how much ASIC is actually presold, -- how much will actually ship first batch, -- the date those will ship on, -- how fast people while get them online
Thinking out loud and using some easy math.
2016 blocks (or 100.8k btc) is generated between diff adjustments. Each diff adjustment is -about- 13-14 days
Let's assume 25Thash of ASIC miners get into the hands of the masses, on November the 1st. Difficulty is 3.8M (assuming 10% jumps between now and then).
How much coin is mined at 3.8M difficulty? day 1: 25TH will bring an extra 129 blocks into the network, or about 6466 coins. (adding to the 129 blocks from existing 25TH) day 2: same day 3: same day 4: same day 5: same day 6: same day 7: sometime in Day 7 (7.81 days in) you've hit 2016 blocks and diff is going up. Diff is going up to 7M (based on 50TH network rate), and you've just killed any GPU miner who pays more than about 11 cents/kw/hr for their power.
You've also moved the reward drop date back from 11/30 to 11/15 or less, and mined about 45k extra coins.
So not "stupid" amounts of coin, but at $10/btc, that's still an extra $450k USD of coin you're expecting to sell, to .. someone?
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Yes, we're all in Australia, in various different cities.
Give Con's weight and involvement in the community, I think it would be well worth the price of the ticket and hotel to have him fly over to inspect/review/etc the product. Consider it BFL.
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isn't that their old bitforce single which is also called a bitforce single? I've never seen the PCB on the FPGA one but that exterior is identical.
That'll be the single SC alright, very nice. The single, most identifiably, would have just two large FPGA pads taking up most of the PCB. so if the single uses 8 chips, and Jally (presubably) one, then I guess the chip must work at half speed in the Jally. (40/8=5GH/s per chip) Or they're using a higher version of a chip in the SC than the Jally.
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As of today 9/25 - 50/25 drop is predicted to happen as of 11/30/12
What happens? Combined with the potential shipping of ASIC hardware? (Toss in the remotest chance of pirate dumping coin back to people..)
Short Version:
Panic, chaos, volatility, and outright mayhem. Dump dump dump screaming ahhhh fire death ahhhh!
I'm considering closing my eyes till March.
Long Version:
BTC price, difficulty, and THash rate are going to be a crazy rollercoaster ride till about January... or March?
ASIC miners will generate stupid amounts of coin in a short period of time till the first DIFF adjustment, which they will likely dump on the market in an attempt to recoup their initial investment before the reward drop, driving the BTC price down.
Crazy block rates will bring the 50/25 drop much sooner, potentially 1 week after ASIC's hit market instead of Nov/December.
Reward drop + Diff 5M = end of 99% of GPU miners who pay for their power.
While Removal of 75% of the Network Thash rate is significant today, pre ASIC, it's meaningless when ASIC's have 2x'd or 3x'd the THash ate.
While a small potential factor, if Pirate does return any coin, that will also likely be dumped into the market, driving the price down.
You can either go 'long' with a cash position, or 'long' with a BTC position, but between now and March is going to be a crazy ride.
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the "spike" is actually a fairly consistent (10% +/-) increase over the last X weeks.. Next increase is looking like another 10%.
Press / PR / and fulfilled FPGA orders are my best guess for the ramp.
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Because I don't see a link anywhere, cgminer 2.7.5 compiled under raspbian, tar'd up entire source directory (14 meg): http://www.filedropper.com/cgminer275raspbian(if someone can tell me the minimum required files, I can pick them out of the source tree and make a new download available)compiled with the following options: ------------------------------------------------------------------------ cgminer 2.7.5 ------------------------------------------------------------------------
Configuration Options Summary:
curses.TUI...........: FOUND: ncurses OpenCL...............: NOT FOUND. GPU mining support DISABLED scrypt...............: Disabled (needs OpenCL) ADL..................: SDK NOT found, GPU monitoring support DISABLED
BitForce.FPGAs.......: Enabled Icarus.FPGAs.........: Enabled ModMiner.FPGAs.......: Enabled Ztex.FPGAs...........: Enabled libudev.detection....: yes
CPU Mining...........: Enabled ASM.(for CPU mining).: true
Compilation............: make (or gmake) CPPFLAGS.............: CFLAGS...............: -g -O2 LDFLAGS..............: -lpthread LDADD................: -lcurl compat/jansson/libjansson.a -lpthread -lm -ludev -lusb-1.0
Installation...........: make install (as root if needed, with 'su' or 'sudo') prefix...............: /usr/local
I don't have any USB FPGA miners attached to my PI at the moment, but it's mining been CPU mining at 118K/hash for the last hour. Feedback/PM welcomed.
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It could just very well be all the mini-rigs that have shipped up til now. There are plenty of them in the wild @ 25GH/s.
^This. You won the prize! I can name (just from people who I know have them) ~19 Minirigs, so that's 475Gh/s right there - I doubt BFL manufactured less than 100... I know of at least another 10.
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