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761
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000
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on: May 01, 2015, 04:30:25 PM
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In my opinion.. short term, low prices are good, we need to attract more developers and entrepreneur types and let miners who are mining for short term profit go ahead and dump.. the more business and development minded people we get on board at these prices, the better long term.
I partially agree. Short term low prices are good, but as long as there is volume. Haven't had any decent volume in ages. If people sell, but not make buy orders, it's not gonna happen. But I see the order book has increased slightly during this week Please let the price fall down to 100 satoshi. At 100 satoshi i will place a 10 BTC buywall (and more BTC incoming if necessary). today is the day. let's see how long we can buy BURST for under 100 satoshi  It will last under 100 for quite some time, its just another pump n dump coin sadly =( |
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763
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Bitcoin / Hardware / Re: SP20 more GHs?
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on: April 29, 2015, 11:23:38 PM
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I run mine at 10% fan, the 2 rear(loop 1 & 3) 'sections' run quite a bit hot up to 120C consistently, the firmware reliably declocks / devolts the ASICs as needed to keep them at 120C or lower. Ran this way for months w/o issues.
My exhaust temp has gotten high as 80C
One thing Ive started doing on my SP20's is setting the rear 'sections' at a lower start voltage / lower power max to keep them running cooler. The front ones Ive set higher to make up for the speed loss. This helps even out the temperatures quite a bit, between the front n back sections.
I would turn up the fan. 120C is still very very hot to run it over time. I would underclock some to get lower on those two loops. What speed are you going for to get such high temperature? They run anywhere between 1300-1450GH depending on the unit & the quality of chips. 2 of my SP20's do run the fan at 30%, those were my higher clocked ones. I really need to keep the other 2 fans at 10% cuz they are in living quarters, anything above 10% makes it unbearable lol! |
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764
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000
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on: April 29, 2015, 03:56:25 PM
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I have a lot of message:
stagger (1500000) must be multiple of 64
and the total read on yellow window is 92% instead 100% like the previous version, this means that skip the 8% of file with stagger error ?
thanks
1500000 not multiple to your sector size (4k) 1500000 / 64 = 23437,5 i'll change the miner for reads 23437*64 = 1499968 nonces, but its will 99% of read So all my plots not structure correctly I have to replot is what ur telling me?!?! =(
Any way to get it to ignore this and use those plots anyways?!
PM your plot's names and sector size (or screenshot) My sector size is a mix and also some plots are being pulled over the network. My plots are stagger of 20000 and one of 12500 and the rest are a mix of one hugeass optimized one and the rest are 8192 |
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765
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Bitcoin / Hardware / Re: SP20 more GHs?
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on: April 29, 2015, 02:53:21 PM
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I run mine at 10% fan, the 2 rear(loop 1 & 3) 'sections' run quite a bit hot up to 120C consistently, the firmware reliably declocks / devolts the ASICs as needed to keep them at 120C or lower. Ran this way for months w/o issues.
My exhaust temp has gotten high as 80C
One thing Ive started doing on my SP20's is setting the rear 'sections' at a lower start voltage / lower power max to keep them running cooler. The front ones Ive set higher to make up for the speed loss. This helps even out the temperatures quite a bit, between the front n back sections.
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768
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Bitcoin / Mining speculation / Re: Is BTC price sustainable with mining & electricity costs leaving the ecosystem?
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on: April 28, 2015, 11:31:48 PM
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Some math:
At today's prices of roughly $230 USD per bitcoin, 3600 bitcoins per day are valued at about $828,000 USD. That means it is roughly that much mining/electricity cost per day to mine bitcoins and to secure the network.
Wrong assumption At current difficulty, for big miners it costs ~40 USD to mine one bitcoin. 230 USD is not the cost. It is the revenue they are making now for each bitcoin out of 40 USD investment. Net profit is around (230-40) = 190 USD, which is used partly to cover their initial investment. Yeah, I highly doubt this. This takes into account what elec rates & initial equipment cost & building cost...etc? |
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769
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Bitcoin / Mining speculation / Re: Is BTC price sustainable with mining & electricity costs leaving the ecosystem?
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on: April 28, 2015, 10:54:13 PM
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wrong way to look at it because of
the difficulty adjustment.
IOW, miners do set the prices, true...and if there was
a fixed amount to how much it actually cost to mine
a bitcoin, you would see prices above those levels,
but as we know, the cost can change because difficulty
can change.
Miners dont really set the price, I mean, sure if they are dumping they cause falling prices pressure on the markets but miners follow price. If the price is on a huge downslump, difficulty will curve to match the current rate of btc profitiability for miners. Its been happening this entire past year. The reason why diff has gone from 40% increases to only 5-10% and more than a few times -% is because price has been on a steady decline. The demand for mining hardware decreases, supply of said hardware decreases, miners buy less and diff incriments are very minimal. WHEREAS if the price stayed above $1000, you can bet yourself there would be at least 10+ other mining ASIC 'suppliers' and we would see constant 20-40% diff increases. Heck, a perfect example of this was when ASICMiner announced over 2EHASH worth of chips to come into production. This announcement was at one of the higher price points of this bubble and ..what ya know.. that amount of chips never saw the light of day because of the huge price decline. |
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770
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Bitcoin / Bitcoin Discussion / Re: the rise and fall of...
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on: April 28, 2015, 10:45:27 PM
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Nah, I don't think so... I think a ton of people came around November 2013, when the last bubble to over $1000 happened! And those people lost a ton of money, and many have lost their faith. That faith is going to return to some if when Bitcoin continues to go up again. But it may be still quite some way until that happens, unfortunately.
I really wish people would stop basing their faith in BTC solely on its price. Guess "faith in bitcoin" to me means, can I trust it when I go to use it? Also, people having faith in it need to spread the word. Not just sit back n speculate or get out cuz the price went down a bit... We keep going the way of the latter, bitcoin's price wont go up much ever. |
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771
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Bitcoin / Bitcoin Discussion / Re: Methods of growing your Bitcoin?
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on: April 28, 2015, 04:47:30 PM
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I can tell that renting hashrate is by far the stupidest thing to 'grow' ur btc stash, in fact u will most likely lose anything u put into cloud mining. I know, Ive been scammed 2x now.... Im done w/ it.
The best way to 'grow' ur bitcoins is to just buy them...
Ive started taking a DCA approach to coinbase.com purchasing.
IE: an example would be like 10$/day every day, so you get a market normalized return of BTC.
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777
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Bitcoin / Bitcoin Discussion / Re: Does Bitcoin Has What It Takes To Replace Fiat?
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on: April 22, 2015, 05:40:59 AM
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Last year Bitcoin was labeled as the worst investment of 2014, however, bitcoin believers can topple fiat currencies as the widely used mode of payment all over the world. The technology behind it and bitcoin's scarcity can both pose a threat and bitcoin's selling factor. But the question is, can bitcoin really substitute dollar or other currency sometime soon?
I dont know, but ask yourself this, would you want a world where everyone is scamming everyone and there is no recourse? So far, thats what this community has proven unquestionably w/ btc =P Sure, scams happen now in fiatland but nowhere near the ratio they happen in btcland =P |
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