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1541  Bitcoin / Mining speculation / Re: About to turn off my mining rigs on: June 25, 2014, 08:00:57 PM
Don't bother to mine anymore. If you still like to mine, rent . There are gr8 offers available out there.

Is renting has any sense now ?

I too want to know a renting service that can ROI.

Think about this.  Why would somebody go out of his/her way to host miners and have them mine so that you could make a PROFIT off of such an endeavor.  They would be dealing with the noise, heat, pollution, maintenance while you get the riches?  It is possible, but I can't really find examples of this in my life.

Having said that, I can't really find too many examples of where buying a miner earns you more than buying the coins.  BTC dropped to $560, it's even cheaper to buy now, makes more sense than 2 weeks ago to buy as opposed to mine unless you plan on solo mining.
1542  Bitcoin / Mining speculation / Re: Mining difficulty slowing down over the next 3 months? on: June 25, 2014, 07:56:59 PM
I think I have an idea and have observed on my own rigs over the last few months but what effect does diff have exactly on payout. If diff increases by 20% is it exactly 20% less payout? or is it proportional?
My own observations, be they anecdotal at best, seem to show diff in crease doesn't have as high an effect as it first seems.

As noted above simply take (old dif) / (new dif) to see how much less you will earn.  You shouldn't look at day to day earnings, however, because those can swing off from the expected averages quite a bit based on pool luck.  Over the 2016 block interval it should be close assuming the pool doesn't have a tremendous variability during that time.
1543  Bitcoin / Mining / Re: Running multiple rockminers on: June 25, 2014, 07:53:13 PM
Flutter, which miner are you talking about specifically becase they are selling 3 models and the power ratings are magnitudes different.

That must be where the confusion is at. I was only aware of the r-box, and thats what one I was talking about.

May I ask what other ones they sell?

Ahh kk.  I was thinking you were getting the RK-BOX which uses about 500W. https://bitcointalk.org/index.php?topic=648455.0

I'm trying to find the post where they have all 3 listed but can't seem to find it for some reason.

Same basic idea would apply.  Buy a good gold power supply.  Figure out how much wattage the 12V rail supplies at max.  Multiply that times 0.8 to give yourself headroom since PSUs loose their peak output as time goes by.  Then you will have the total wattage you can play with so basically just divide that total.  With the smaller R-Box's using only 40W or so you can plug a bunch of them onto a 1000W PSU - the cabling would become the main issue.
1544  Bitcoin / Mining / Re: Using a university supercomputer to mine bitcoins. on: June 25, 2014, 07:46:34 PM
Why are you new users condoning the outright theft of other people's property?  If you are mining with somebody else's hardware (in the case above it is a gov sponsored entity so it belongs to the taxpayers) without their consent than that is theft.  It's no different than using a large botnet.

There have been several documented cases of IT people coming on these forums asking how to mine illegally and stealthily and they end up losing their job if not going to prison.

And for 15000 doge/day?  Sheesh, in March I mined 200K doge per day with just 20 video cards and you want to waste a supercomputer for 15000 doge... unbelievable.
1545  Bitcoin / Mining / Re: Join Bitcoin Miners Association on: June 25, 2014, 07:38:29 PM
Just as a head's up to new people here.  Always look at the join date and the activity/post-count of somebody posting like this.  Almost all new accounts that post like this are either trying to get your information to spam you or even worse, they are trying to steal your passwords and/or wallets through trojans/keyloggers/custom virii/etc.

I would advise everybody to not using the machine on which you host a wallet to ever go to any of these sites.
1546  Economy / Service Discussion / Re: CEX.io GHS Bubble ? on: June 25, 2014, 07:31:18 PM
Funny thing : GHS/BTC price is 0.00754.

If I could sell my Antminer S1 for this price, it would go for 0.00754 * 200 = BTC 1.51. Bitmain stopped selling it at BTC 0.409, and now it would have been even cheaper.

CEX' price is so high I would feel bad for the poor buyer if I could sell at that price. Though buying from CEX is even worse. They charge higher maintenance fees than you pay if you run an antminer at home.

Please, we can't be bothered with numbers and statistical facts.  It just feels good buying a overpriced security and passing it off to another unsuspecting fool Smiley
1547  Bitcoin / Mining / Re: Running multiple rockminers on: June 25, 2014, 07:27:53 PM
Flutter, which miner are you talking about specifically becase they are selling 3 models and the power ratings are magnitudes different.
1548  Other / Meta / Re: How should new members be treated? (Personally been treated wrong) ( User Vod) on: June 25, 2014, 09:58:47 AM
If you end up staying here for more than 6 months and become part of the community you will find yourself agreeing with his actions when you notice all the scammers and panhandlers coming here.  You joined less than 4 weeks ago.  Had you joined 6 months ago and been here a while you would understand.
1549  Other / Beginners & Help / Re: Bitcoin faucet as a form of punishment on: June 25, 2014, 09:53:34 AM
The genius who makes the faucet gets 5x what he is paying you for your money clickwork.  Basically you're becoming somebody's labor.
I had a faucet myself and I can tell you that my income was 5 times less than what I spend on my users. Only big faucets are profitable, the smaller ones die out quickly, because they don't get enough money from the ads.

Well just like any business.  If you open a Starbucks in some place with almost no foot traffic you will go under quickly.  You have to advertise (aka spam) the hell out of it.

Personally I think faucets are a waste of time.  I understand their functional usefulness to get people interested, teach them about transactions and how to use a wallet, get comfortable with amounts like 300 satoshi, etc, but once you're past that stage it's time to move on.
1550  Other / Beginners & Help / Re: Bitcoin faucet as a form of punishment on: June 25, 2014, 09:47:24 AM
The genius who makes the faucet gets 5x what he is paying you for your money clickwork.  Basically you're becoming somebody's labor.

If you want to make money make your own faucet and advertise the hell out of it... thereby sucking in new users who come on here...... asking why they hate ads  Cheesy
1551  Other / Beginners & Help / Re: How many 7950s can I run on this power supply? on: June 25, 2014, 09:45:10 AM
I love how we're giving answers to an OP who has not been on for 3 months  Cheesy

For those newbies interested in mining a 7950 can be undervolted and would typically run just over 200W, so you could run 4 comfortably with scrypt.  The more energy efficient coins are even better.

One thing to consider though, every 10C of ambient air temp will pull another 10% of power form the card.  If you're running them in summer the resistance from heat and increased fan usage causes more power draw.  Hence winter rocks!
1552  Other / Beginners & Help / Re: Bitcoin faucet as a form of punishment on: June 25, 2014, 09:40:48 AM
Isn't your time worth more to you?  I would make about $1 per hour hitting faucets currently.  I did them back in 2011, of course they were paying 0.01BTC per hit back then.

Time would be better spent selling clutter in your house.  You would get some work done and have $ to buy coins!
1553  Other / Beginners & Help / Re: GPU Mining. on: June 25, 2014, 09:38:39 AM
GPU mining is very risky now that even scrypt has ASICs available.  It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development).  I would say GPU mining is only a somewhat safe bet if you have free electricity.  Barring that you're better off buying/speculating.
1554  Other / Beginners & Help / Re: Best way to transfer my BTC into cash? on: June 25, 2014, 09:35:26 AM
You could accept Paypal if you know the trader has a very good track record.  Somebody who has a lot of positive trust and been on here for a couple years.  They would most likely charge a small fee though, but you would get that anyway using local bitcoins.
Even this can be very risky. It costs a trader nothing to create a new account and the trading history does not mean very much for most trades

IMO coinbase is the best way to move BTC into fiat
Also, accounts can be bought or stolen, the buyer can turn greedy and chargeback. Many people had bad experiences with coinbase isn't it?

Perhaps you guys haven't traded on this forum or other forums before.  I've been selling computer hardware online since 2000.  If a trader creates a new account, he's back to 0.  He will have no trust, no eBay feedback, no Heatware - nothing.  Not sure what you meant Harley997

If his account is stolen or sold then his recent trade history would have a pause.  Somebody with 150 trust like Canary isn't going to risk his reputation for $300 in Paypal  Cheesy  Some new user with 1 or 2 positive small 0.01BTC transactions would.  That's why I said look at the user's history the same you would at your friends.  You have friends you would give your house key to and friends you would lend a quarter  Grin
1555  Other / Beginners & Help / Re: Is Bitcoin still truly decentralised? on: June 25, 2014, 09:30:03 AM
We're still good on the decentralization part.  The community aspect seems to be lacking with idiots flocking to Ghash.IO
1556  Other / Beginners & Help / Re: Martingale System on: June 25, 2014, 09:28:08 AM
is it really worth the try. i'm curious about it and want to try it on freebitco.in. I also found a script online.

I just don't understand why people are developing a lot of scripts and wasting a lot of time coding to exploit a FAUCET. Yes, freebitco.in is ofcourse a faucet. And the answer to your question - Martingale will always give you loss unless and until you have infinite money to lose. And surely you don't have that because that is the reason you are visiting a faucet.

It won't always give you a loss. In fact, I won big the first two times I used it, but that was just luck. If you carry on using it you will lose. As with all gambling it's knowing when to quit whilst you're ahead.

You clearly do not know what the Martingale system is if you are winning big.  You are supposed to bet small, but repetively and keep nipping away until you win, then restart at a small bet.  Perhaps you meant you went onto 10 rounds of fail and then won, in which case you actually came close to completely failing.

So sad that people can't even enjoy gambling without having a system now lol. Gonna hit the craps table again.  Last time some old geyser tossed my wife a $1k coin at Wynn for being hot roller - easiest money we ever made  Grin
1557  Other / Politics & Society / Re: US police departments are increasingly militarised, finds report on: June 25, 2014, 08:50:53 AM
As a kid I did police ride alongs and respected LEO like it was the word of God.  Having grown up and seen the stories of what crooked LEOs do I don't feel that way anymore.  Living in Los Angeles I can see the need for some of these types of tools like Hum-Vs, heavy machines guns, etc.  When you see what gets turned in when they have the gun buyback program you would be shocked (well maybe not if you're ex-mil).  They will regularly get anti-tank weapon, anti-air guns and even got a SAM this past year.  And LA formerly being the bank robbery capitol we get this every couple of months:
https://www.youtube.com/watch?v=N2ZwIrIB1is

We're also seeing beheadings thanks to MS13 and other drug cartel gangs in the area these days.  Unfortunately, until the gangsters tone down their weaponry, SWAT (which BTW was more or less pioneered in Los Angeles thanks to all the wackos here) will always have to keep up.

I really need to get some guns and learn how to defend my house but until that happens I'm calling 911 and relying on their training to possibly keep me alive.
1558  Other / Politics & Society / Re: IRS claims it has LOST two years' worth of emails from former official Lerner on: June 25, 2014, 08:33:15 AM
I think this is the final litmus test of what Americans are willing to tolerate.  The news/MSM can only handle so much backlash in this digital age.  I recognize 50% of the populace couldn't care less what happens as long as it doesn't interrupt their GTA V game, but the other 50% regardless of political affiliation has to agree that having multiple layers of government flat our lie to the American public when they've been caught with their hands in the cookie jar is grounds to revolt/impeachment/a bitch slap.

All we need is an IT guy to do the napkin math to show the chances of that much date being "lost" on the many platforms is as likely as a private key is to be brute forced.

...gets off soapbox to go play GTA V (nah, never played any of the GTA games).
1559  Other / Politics & Society / Re: Why do you hate government? on: June 25, 2014, 08:13:07 AM
Because they take my money earned through my work and [..] they spend it on themselves and idiotic things that have little to no functional purpose.

I bet you watched movie "The Wolf Of Wall Street".... well, sometimes I imagine the members of the government having a lifestyle like in that movie with one exception: they live like that on our money...... idk if I'm right or not but that's how I feel sometimes about the members of the government

Isn't Leonardo DiCaprio in there?  I won't watch it.  Hypocritical bastard promotes green energy and parties all around the world on private jets and yachts - I bet he has used 10x more fossil fuel in his partying alone than I will in my entire life.  So that would be a no.

I've donated over 6 digits of USD to charity and helped build a school in a 3rd world country.  I don't believe I am rich.  I need to wake up to an alarm clock every day (or my kids crying) and I have to decide what to eat that day based on price rather than what I think would taste the best or be best for me.

The day goverment representatives actually serve the public I might change my mind.

Look at this disgusting video:
https://www.youtube.com/watch?v=51kAw4OTlA0

Moronic Hollywood detritus.  They're pledging to the President of the US.  No you fools, he should be pledging to us.  They are our servants... somewhere along the path to democracy/republic this got lost.
1560  Bitcoin / Mining speculation / Re: SP30 Cost recouping was Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio on: June 25, 2014, 07:45:58 AM
Spon has said themselves that a manufacture had (and is continuing to add) about 40+ PH online recently. Now add in AM who should have by Mid July at the latest, moved 60 PH online (with more chips coming out) (Not sure how much of this is already online) through BTC-Garden, Rockminer, DM, XBtc and AM itself. Then you have Spon and their SP30s, Bitmain and their S3s. This not a cooling off period right now, this is an eye of a very serious storm that is just now getting ready to start back up.

After than we have AM's Gen 4, who knows what crazy shit Spon has in the bag, and a bunch of other companies getting a next Gen ready. And unlike last Gen, the jump to Gen ~4 will be a lot quicker and a lot smoother.

You guys are right that Diff will go up at a very slow pace, but when this time comes, individual miners ran by individual people will not be making money. Spon has made it clear that they aren't targeting the everyday miner either.



I am 100% sure that AM will not bring online 60PH in the next 3 week. That's simply impossible.

I think he meant total network effect of all the AM chips that AM has sent out to different manufacturers that he listed.  Each one of those just needs to do 15PH/s which is not unreasonable if they are less than 1W per GH/s.  Not only are the assemblers of ASICs but also the chip manufacturers are making money and distributing it.  Yifu, that rat, is probably somewhere in there too.
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