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1341  Other / Off-topic / Re: Do you play any game on facebook... on: July 03, 2014, 09:21:07 AM
I played Mafia Wars for a month and then got sick of the silly grind.  The gameplay for these games is too simplistic for my tastes.
1342  Other / Off-topic / Re: How much you spend on the internet? on: July 03, 2014, 09:19:10 AM
I spend about 0-18 hours.  Yesterday I spent 0 since I forgot to grab my laptop and I hate surfing on my phone.  Today I've racked up 4 hours already.

Someday I'll upload my brain for the night  Cheesy
1343  Economy / Economics / Re: What if someone wants to buy out Bitcoin on: July 03, 2014, 09:17:34 AM
Some people will not sell the coins even if they were 100K USD presently.  Whoever wanted to buy all the coins would have to have government sized wallet Tongue
1344  Other / Off-topic / Re: Android Games/Apps on: July 03, 2014, 08:50:39 AM
Plants vs Zombies is pretty good when stuck on an airplane and you forgot to bring some movies.
1345  Other / Off-topic / Re: How you drink your coffee? on: July 03, 2014, 08:48:02 AM
Saw the thread and instantly thought of this:
https://www.youtube.com/watch?v=JANcVXHqNTI

Just bought a Keurig - going to see what all the fuss is about even though I'm not much of a coffee person.
1346  Other / Off-topic / Re: How does it feel usa ? on: July 03, 2014, 08:44:59 AM
beaten by belgium in world cup.
Fuck you

Here, have a waffle.  Roll Eyes



Even though we had more excitement with this event than we've seen in a long time, Soccer in the US seems to have lost some steam since the Beckham days.  I think AYSO said it won't see much of an uptick these next 3 years.
1347  Other / Off-topic / Re: Should the government "erase" the student debt? on: July 03, 2014, 08:37:57 AM
I owe 6 digits of debt and I think this is an assinine idea.  Passing on debt to taxpayers collectively is stupid.  I have kids and I know that college will be difficult, but not every person should be going to college.  I think people assume you go do your 4 years and you can just walk out with a 6 figure job.

America needs to reorganize and have more technical schools for trade.  In India and China you path into medicine from high school more or less.  In Mexico you only have 6+3 years of schooling after 6th grade to become a physician.  In the US it's 12 grade school, 4 college, 4 medical school - there was so much redundancy in college I was bored out of my mind but the school would let me test out of all the AP classes I took in high school.

The solution is not to get rid of the debt (although it wouldn't hurt to drop the interest rate).  The solution is to recognize why it costs 1/4 million dollars to educate somebody with a BS.  Unless they're raising Plato or Socrates from the grave it shouldn't cost that much.
1348  Other / Off-topic / Re: If you could move to any country, which would you choose? on: July 03, 2014, 08:29:26 AM
Any place colder than where I am.  I hated the heat before BTC, now I cringe when I see pictures of the sun on the 5 day weather forecast  Grin
1349  Bitcoin / Pools / Re: [11000 TH] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers on: July 03, 2014, 08:22:10 AM
Lol, 8 blocks found yesterday with the last one being almost 5.5hrs ago.

With what I got running now (210Gh/s) and the 3Th I got coming online in the next 12-18hrs I'm supposed to average 0.09329440 BTC per day under current diff and I don't know if I'll get anywhere near that for a while with this luck.

Decisions, decisions, decisions...

Ghash seems to be finding around an avg of 45-50 blocks a day so I might have to go there if the first three to four days don't look good here after the new stuff comes on line. Even if it is only costing me $80 a month from a guy I know who has free electricity written in to his businesses rental contract where all my stuff is hosted.

I really love BTCGuild but I don't see how I'll be able to stay here if I don't average at least 0.08 / 0.085 a day here even though it should be around 0.093x

Either way, time will tell when the new stuff comes online tomorrow sometime.

You could make 20BTC/day and it would mean nothing if the pool you mined on were to go over 51% and force a concerted attack and decided to go on their own fork.  If every miner focused on 1 or 2% gains at the expense of the whole network where would we be?
1350  Bitcoin / Hardware / Re: [BFL] List of Lies on: July 03, 2014, 07:44:48 AM
Quote
Q: Can you host these for me?

A: Yes.

Cloud hosted mining makes it easy.  Although Monarch cards have a USB plug, so you can run them outside as a computer peripheral if you want, they've been design optimized for PCIe use in rack mount data center servers, or any standard ATX motherboard.  An example of four BPU's in a 4U rackmount


Butterfly Labs has arranged to provide cloud hosting of your Monarch cards with either Six or Twelve month hosting terms available at checkout.  Your cloud hosted miner will be set up and made accessible to you online.  All maintenance, hosting, power & software setup will be provided.  All you need to do is configure your bitcoin wallet address and hit 'go'.


haha, look at that picture.  if these suckers are on water cooling right now you would need a bathtub and a jacuzzi pump to flush the 2.4KW of heat away - damn, I just gave BFL a new product.  BaFLuzzi - Bitcoin miner and jacuzzi in one.
1351  Other / Archival / Re: Pictures of your mining rigs! on: July 03, 2014, 07:23:18 AM

Looks pretty sweet.

Few questions about your setup:

Why is the pcb tilted instead of flat?

How are you dealing with the pressure? Any vents?

And do you think it would work without the peltier cooler assistance?

The PCB is tilted for no reason.  It just kind of sat that way due to the cables pulling on it a little.

There is space at the top for pressure to escape.

Sure it would work without the peltier chip in an open bath.  You will lose fluid over time though if you don't condense it.

I am using a much bigger box for my final unit and hopefully I can fit 20-25 Neptune cards in the box with a very large radiator.

I will add them 5 at a time until I can't dissipate the heat anymore.

Here is the video - https://www.youtube.com/watch?v=gk3Vydo-L58

Always happy to meet someone more 'crazy' then my self....

well played sir...well played indeed

(he wins we can all go home now)

Searing

No crazy would be if instead of using fans and radiators he used a heat exchanger with pipes that flowed through an arctic river in Iceland or something Tongue

But yes that is way cool.  Thumbs up for mad scientist of the week  Grin
1352  Bitcoin / Mining speculation / Re: 400GH/s - how many BTC can you extract? on: July 03, 2014, 07:18:13 AM
about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC.  Unless the network crashes and burns in which case you get thousands of useless BTC lol.

I think this machine gives back what you pay it, but not by much... I mean, after 6 months you get 0.3 BTC on top of your investment repaid. Is it really worth it? Mining is essentially dead.

And...just wait for the new 50 PHs stomping into the network, and boom, bye bye mining, once and for all.

You put in a 32% increase per month!?!  We had a 25% just for the last 10 day period!  Two of those in a row is 1.25x1.25=1.56 or 56% increase in just about 20-22 days, not even counting out 30 days.

The machine won't even earn it's fiat back unless Bitcoin doubles in price.

A calculator (like any tool) only works if used correctly. 

Difficulty increase goes with computational power increase.
If computational power wouldn't increase, difficulty would stay the same (for what I know).
The problem is vc are still pouring capitals and buying computing power, even when the investment is very risky and doesn't pay that much.
My opinion is that in the future we'll see some other months of PHs getting into play, and then, when the income will be very tight, many of these mining companies will pop off, beginning with cloud miners.
We are rapidly approaching the no-return in investment, by hardware costs and electricity consumption.
When this soil will be met there will be slower addition of computational power, but I expect a collapse not too far in time on GHs prices on cloud mining, and then also on hardware.

The people throwing VC around as investing into "massive" multi-million dollar farms.  They develop and produce their own miners or subcontract somelike like ASICMiner to make the chips and they make their own.  Their costs are significantly lower than a home user.  They can afford to have 10k miners air-lifted to Iceland and mine with cheap power.

You and I mining at home cannot compete with that.  It may cost you $450 to buy an S3, Bitmain can make it for $200 and they only need to mine $200 to break even.

If 0.5W/GH/s is realized soon then we won't see step off until 2016 at the 1/2ing, if we don't get the efficiency up then it will drop sooner as you noted, but not from the VCs.
1353  Bitcoin / Mining speculation / Re: Bitcoin difficulty may actually go down in ~12 days! on: July 03, 2014, 07:13:08 AM
The acceleration of block tends to occur in the last 3-4 days of each cycle when new stuff gets delivered and people hurry to get it online before the next switchover.  I skipped work just to get my BFL SC Single online earlier last year earning me an extra 0.6BTC

As those Neptunes and S3s go online (again muahhahaha) the jump should go higher.  Of course bad luck all around might skew that.
1354  Bitcoin / Mining speculation / Re: Antminer S3 - Profit is Impossible on: July 03, 2014, 07:08:52 AM
It isn't and every one of you posting this is wrong.

I have bought batch one S3's
I will profit with them
If you can't I don't really know what to say.

S1 owners like phillip (see above) took a chance and got lucky due to KNC, BFL, BA and others delivering late.  I have free electricity and I was still skeptical about ROI.  Considering all that late stuff is now delivering, I'll make a 1BTC bet with you that your S3 won't ROI it's BTC costs.  With the 25% jump this last period it's going to get nasty pretty quick.
1355  Bitcoin / Mining speculation / Re: Start-up capital on: July 03, 2014, 07:05:10 AM
I'm worked a lot few years ago and get some money from my activity safe. I'm want to invest it in BTCoins. Are there some guides for starting miners?

1st:
- start-up capital , allowing to receive minimal profit. is it 1000$? or may be 12000$? any advices?
no mining hardware wil earn profit, only loss.  The more you spend the more you will lose
2nd:
- what about explicit costs? is it only electrisity? or may be something else?
mostly electricity for mining and cooling, some minimal maintenance costs, but also startup for upgrading power sockets
3rd:

- what about equipment? what advice would you give a beginner? ASIC miners or may be powerful gpu's?
GPUs are pretty much obsolete even for alts.  ASICs have come to chase the $
4rd:

- what about optional equipment? separate computer to synchronize the process of mining? som kinds of emergency power unit's?
not worth using power backups. Maybe a generator if you run a large farm and some power conditioners, fuses
5th:

- some questions about pools. i will formulate it later
1356  Bitcoin / Mining speculation / Re: Mining on laptop on: July 03, 2014, 07:01:04 AM
not bitcoins, man. you will get low hash/w and become bankrupt. you can try yourself with some altcoins, may be. which one? I'm exploring this now. 

Alt coins are only profitable if you tweak the settings correctly and buy the right model card at a good price.  Using a mobile GPU which is effectively 6x the price of a desktop GPU already nullifies any profit potential.  It's like using a Ferrari to offer people to help move a bed or a couch.
1357  Bitcoin / Mining speculation / Re: 400GH/s - how many BTC can you extract? on: July 03, 2014, 06:57:38 AM
about 0.01 a day, probably another 3 months roi

That's 10 days at 0.01, then difficulty goes up 20% so no you get 0.0083 for 10-11 days, then 0.00065 for 10-11 days and so on.

As you approach the 3 month time period the electricity costs more than the income, so you turn it off.

You will not recoup your 1 BTC.  Unless the network crashes and burns in which case you get thousands of useless BTC lol.

I think this machine gives back what you pay it, but not by much... I mean, after 6 months you get 0.3 BTC on top of your investment repaid. Is it really worth it? Mining is essentially dead.

And...just wait for the new 50 PHs stomping into the network, and boom, bye bye mining, once and for all.

You put in a 32% increase per month!?!  We had a 25% just for the last 10 day period!  Two of those in a row is 1.25x1.25=1.56 or 56% increase in just about 20-22 days, not even counting out 30 days.

The machine won't even earn it's fiat back unless Bitcoin doubles in price.

A calculator (like any tool) only works if used correctly. 
1358  Bitcoin / Mining speculation / Re: Projected Minimum Cost per BTC over the next year on: July 03, 2014, 06:49:02 AM
And this is why home users except in cheap electricity areas will basically be subsidizing the network, there's no way most people in "green" Europe can mine at $0.10.  All of California is 2x to 4 that right now.
1359  Other / CPU/GPU Bitcoin mining hardware / Re: minimum hardware specs for mining on: July 03, 2014, 06:37:53 AM

Did you even read the post above yours?

Since you can't be bothered to read a well-thought out, informative post, let me answer your question with as few words as possible...

No.

If you scare away all the new kids who are the pre-order ASIC vendors going to prey on?  Grin

YOU CANNOT MINE WITH STUFF YOU FIND IN A COMPUTER STORE OR FROM STOCK COMPUTERS

You need to buy special equipment, please see the hardware subforum.
1360  Alternate cryptocurrencies / Mining (Altcoins) / Re: data usage by miners on: July 03, 2014, 06:34:55 AM
Data usage will be very low with scrypt.  Over 1 day it should be less than 20MB, and less the 1GB for a month, at that's with individual miners. If they're all the same miner account it will be even less.
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