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Are there any reputable Bitmain sellers IN AMERICA ?
Thanks, Ronald
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I am somewhat cynical and believe the debt-laden countries and central bankers simply will not allow retail schmucks independence via crypto blockchains. Without interference, I believe BTC will climb to $ 150K in 2024 and $ 400-500K by 2028. If mining reward drops down to .00015 next halving. it appears I can mine around .25 BTC in 5 years with a 141TH XP. Still profitable factoring in .075/KHW based on the projected BTC price.
If they fork to POS, does this negate the 21 Million BTC max supply or will they contribute to the 21 million max supply?
Similar to ETH becoming a government-run POS disaster, I see Blackrock forking to a POS and commanding their lackeys in government to regulate miners into capitulation or bankruptcy. Thus gaining control over the purest form of cryptocurrency. It's really a crime the dregs of humanity who have debauched our currencies for centuries are now trying to usurp a truly functional financial system that affords us independence from the perpetual crooks.
Does this sound far-fetched? Can a POS BTC and POW BTC truly co-exist?
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1. Is it correct to assume that each halving will result in a 50% reduction in rewards? ( If current reward is .0003 BTC, reward after halving will be .00015 ) ?
2. Is there a good calculator for ROI and estimated rewards ( per day ) that calculates 5-10 years in the future or allows an input for estimated future value of BTC ?
3. Will BlackRock and the central bankers be able to fork BTC into a proof of stake coin? ( How are changes to BTC created ?)
Thanks, Ron
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Thanks for your prompt reply!
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What are the pros/cons of using a 20 amp circuit versus a 30 amp circuit for a Bitmain S19 Xp 141T ?
Thanks, Ron
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Thanks for all the great info. I am so glad I found this forum. Filled with a ton of knowledge without all the social media crap.
Thanks, Ron
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Getting ready to setup up a Bitcoin node once I can find a highly coveted Raspberry Pi 4 without taking a loan for one . 1. Would setting up mining rewards on a wallet on my own node afford me more privacy from snooping eyes ? 2. If I set up my S19 XP ASIC miner with a pool through a VPN, would that hinder my chances with block rewards ? 3. How important is internet speed and/or bandwidth in relation to block rewards and if so what are suggested upload/download speeds ? Thanks, Ron 1. Yes, if you setup your own node, and you get a complete solo mining operation up and running, you would increase your privacy... Nobody would know you were the one that solved the block. Other nodes would just receive the block you relay to them, but they would have no way of really knowing you were the one that solved it in the first place. If you mine in a pool, the pool operator will always know how much he has payed out, to which address, which username, which ip,... this is not the case if you do a completely solo mining operation. 2. I doubt it... Depending on the VPN... But i don't think it'll do you much harm. There might be some latency, maybe even some package loss (in extreme cases), but in a pool mining setup i don't think this will really influence your income. 3. If you setup your own solo mining operation, you might want to have decent connectivity to other nodes... You'll have to download a new block and verify it before you can start mining, if this process takes to long, you'll lose some valuable seconds each time a new block is found by someone else. In a pool mining setup you get your work from the pool, and you don't need to download the complete block (you're not running your own node, at least not for mining purposes) so this is less of an issue. Now, just as a sidenote... I don't know if you were kidding about the loan for an rPi4... You do know an ASIC is expensive to buy AND to operate, right? If you pay to much for you electricity, you might always mine at a loss even if you have a "perfect" setup. Also, setting up a solo mining operation isn't plug and play... It requires some knowledge and preferably reliable (redundant) hardware. And last but not least: you know that it's all about odds and averages if you solo mine, right? You might mine forever and never get *any* income... If you mine in a bigger pool, it'll cost you some privacy and a % of your income, but you'll have a steady income and you'll know you're not in charge of setting up and maintaining your complete operation (just your network connectivity, your home power and your ASIC) Thanks for the great reply, you answered my questions and then some! I'm leaning towards pool mining with a VPN into a wallet on my node. On the side note I must confess that it was my humorous take on the outrageous prices they're getting for a Raspberry PI 4 due to the world's inability to function anymore. ( A $ 50 PI is now around $ 150 and scarce. ) I do find comfort in the S19's coming down in price but it is somewhat of a gamble and big expense in today's dysfunctional climate. I am "banking" on BTC increasing in value as the supply dwindles and the fiat system collapses. Proof of stake will destroy most crypto currencies as Circle will do Black Rock's bidding and the will control ALL meaningful blockchains via majority staking. Let's pray BTC and POW withstands the assualts from the decrepit central bankers and governments who have destroyed our financial system. Thanks again, Ron
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Getting ready to setup up a Bitcoin node once I can find a highly coveted Raspberry Pi 4 without taking a loan for one . 1. Would setting up mining rewards on a wallet on my own node afford me more privacy from snooping eyes ? 2. If I set up my S19 XP ASIC miner with a pool through a VPN, would that hinder my chances with block rewards ? 3. How important is internet speed and/or bandwidth in relation to block rewards and if so what are suggested upload/download speeds ? Thanks, Ron
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Thanks for the great information! According to the Farmer's Almanac, we're supposed to have an exceptionally cold winter this year. Will be nice to know Bitcoin will be keeping us warm and cozy this winter. Perhaps I'll figure out a way to cook our meals with it during the summer Thanks once again, Ron
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Is the unlimited rate of $119 is a monthly basis? If yes then you can save more compared to the fixed rate since you said it's $160/month?
The question is if the unlimited rate has a wattage limit? I mean how many miners you can able to run at $119 unlimited rates?
One s19/pro can consume around $160 every month for a $0.065 rate so if choose the unlimited rate you can save more but the problem is if your miner can run stable.
Both of them have pros and cons it's your choice if you know that your miner can run stable then choose unlimited but if not I guess fixed rate would be your last choice.
The $ 119 unlimited plan is monthly and I inquired three times if it's $ 119 if I use 1000kw or 20000kw and they send there's no limit. I'm leaning towards the fixed rate plan for 3 years as I don't see how they can deliver unlimited electricity for that rate. If so, I'll leave the heat on with the windows open this winter....... I'll update what I find in the fine print once it arrives. Thanks, Ronald
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I am waiting on their fine print. I expressed the importance of expecting no surprises with anticipated increased usage but as you noted, scrupulous companies are a thing of the past.
Thanks, Ron
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We have two options in NE Ohio -
Fixed rate of $ .065 per KW and unlimited. Fixed rate can be locked in for 3 years. I believe it will be around $ 160/month
I am inquiring on the term for unlimited and believe it is one year. Unlimited rate is $ 119.
Has anyone dealt with unlimited rates?
Wouldn't it make sense to go with unlimited for a year then for with a fixed rate ( Might have to find other supplier ? )
Thanks, Ronald
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I'm transitioning from GPU/CPU mining and new to ASIC Mining. Prices on the Bitmain S19s have dropped significantly ( From 10K to 3K ).
If you're looking at that S19 at $3200, don't do it! If you have 5c/kwh you're going to ROI in about 3 years while the S19 H next to it has 600days at the same electricity rates and even that it's not the best deal on the market. I am looking at the Bitmain S19 Pro (110). Seen some new ones for around $3500. Is the S19 H the Hydro 198TH for around $11K ?
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I'm transitioning from GPU/CPU mining and new to ASIC Mining. Prices on the Bitmain S19s have dropped significantly ( From 10K to 3K ).
If you're looking at that S19 at $3200, don't do it! If you have 5c/kwh you're going to ROI in about 3 years while the S19 H next to it has 600days at the same electricity rates and even that it's not the best deal on the market. I am looking at the Bitmain S19 Pro (110). Seen some new ones for around $3500. Is the S19 H the Hydro 198TH for around $11K ? Is price drop based soley on the bear market or is it something more concerning like perhaps banning mining ( USA ) or a new technology on the horizon ?
The price goes up when the revenue per THs goes up and they come crashing down to somewhat real manufacturing costs when the gold rush is over and ROI numbers are counted as above in years. For example from July to December last year the revenue per TH/s stayed mostly above 30 cents, peaking at 40, that's 40$ a day for an S19, now its 7cents per TH/s, 7$ a day, a difference of 30$ a day or 10k a year, so the price of the gear was matching the demand of people rushing in dreaming of those profits lasting forever. Bitcoin will drop to $5000, then, $2000 or $1000 in next year.
Then $500, then $200 or $100, because...reasons! I am of the opinion ( and dreams ) that Bitcoin will eventually rebound when the recession is over ( Couple of years ). I have lost all faith in our fiat system. Left unmolested by the central bankers and decrepit governments, Bitcoin makes sense with the limited supply and decentralization. ( They can't persude a "Vitalik Buterin" to bastardize the blochkchain and centralize Bitcoin ) The general consensus here seems to be that Bitcoin will drop to next to nothing. Do you believe Bitcoin is worthless or will the Central Bankers and governments outlaw Bitcoin ? Thanks, Ronald
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I'm transitioning from GPU/CPU mining and new to ASIC Mining. Prices on the Bitmain S19s have dropped significantly ( From 10K to 3K ).
Is price drop based soley on the bear market or is it something more concerning like perhaps banning mining ( USA ) or a new technology on the horizon ? Is Intel's new ASIC chipset going to be more efficient than the Bitmain S19s and if so WHEN/WHERE will retail miners be able to buy them ?
Thanks, Ronald
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