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1  Economy / Gambling / Re: ★Crypto-Games.net ★ 9 coins ★ 6 games ★ Since 2014 ★ EV+ Lottery on: May 13, 2017, 01:20:54 AM
With dicebot what does the error "invalid ratio" mean from Crypto-Games.net?

I might have figured it out.   It only occurs when I'm use the max win chance "1.02x" ... so probably the C# might be sometimes sending something slightly less.   At least that is my current guess, I haven't actually captured the packets to check it out yet.  


EDIT:  I had a bug where I set my reward to 1 and then it sent a chance that is too high, that generated the "Invalid Ratio" which is a bit of a cryptic message.   "Chance too high" would have been clearer.
2  Economy / Gambling / Re: ★Crypto-Games.net ★ 9 coins ★ 6 games ★ Since 2014 ★ EV+ Lottery on: May 12, 2017, 11:57:54 PM
With dicebot what does the error "invalid ratio" mean from Crypto-Games.net?
3  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 12, 2017, 11:40:42 PM
On the LTC total hash rate chart there is a nearly 100% increase for part of the day yesterday.   https://www.antpool.com/    It seems reasonable to assume that was a test and the it shows the next spike coming. 
4  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 12, 2017, 12:47:02 PM
Hi,

I looking to buy on Hashnest an L3+ fro $3000, but I have many doubts because on bitmain forum I have read this post:

"Anyone from Bitmain Officials should give us a clear and true explanation of this drop.
My reward are cutted by 50% in 5 days? Both by block and by day. Are you kidding??
As if that was not enough, they publish new L3 in the shop @ 3000 USD?Huh? first time was 1800!! Are you crazy???
Please explain and don't joke with us, We deserve a minimum of respect from you."

Anyone that have buy this product on Hashnest are experiencing this kind of problem ?

This investment have a time period of duration ?

Can I ask after 5-6 months to send me the L3+ to my address ?

Thanks


If you have to ask you aren't ready to buy.   I don't mean that in a negative way, but the question shows you don't understand how mining works.

In general as hash rate increases a constant amount of hashing get less of the rewards.    There are many factors but global hashrate is the main one.  
5  Alternate cryptocurrencies / Mining (Altcoins) / Re: New Bitmain L3+ litecoin miner 504M 800W Discussion Thread (Not Official) on: May 10, 2017, 11:59:00 PM
What happened to this thread?  Huh  Pages of it are gone!
6  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 10, 2017, 10:24:43 PM


By selling miners they leverage their assets.   The money from selling the miners can be used to build even more miners than they could otherwise.   It also hedges their bets by having multiple revenue streams from different sources.   I think they know exactly what they are doing.


Of that, I have no doubt. Just don't see them 'going full evil thou' ..as in the previous post..don't get it ...just sell hashnet...keep it all? Sad


[/quote]

We are on the same page, I just misunderstood a previous comment.   I agree they don't have any reason to go full evil they are doing very well as it is.   
7  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 10, 2017, 10:58:11 AM
How do the pools setup work? why are there 3? does it switch?


 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.




I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.  

I agree i think $3500 are justified... to be honest I also sold half my hash for 0.2949999 Mhs/LTC recuperated my intital $1900 investment left with 268Mh/s i think i will just let it run to mine some LTC as LTC just broke through $34 on Gdax and it looks like $50 is possible.


me I just mine at 25% off the expected taxes I would have to pay on income I get off 100% off gross income ..again 25% off equipment in real $$$ saved I would have had to pay
the IRS...I just run them down to doorstops....it works quite well actually (2015 not so much) but still Smiley

so a 1370 may 15th order of 4 is (not including shipping I forget what that was) so say 1370 x 4 =   $5580.00 usd at 25% off is = $ 1370 savings x 75% ...so...in my case that is buy 4 get one FREE vs what I can mine out of them...I'm good Smiley and again legal miner USA paying income tax to IRS...but hell this works dandy Smiley

whatever...cost of doing business...if you can get the equipment at the right time and coin pumps that is Smiley

IT is not very complicated (ducks...hey don't throw stuff at me in the thread!)

 Dumb and lucky..sometimes it is just dumb and lucky wins the race Smiley





Yup Dumb and Lucky in my case. I am so glad I did sell it at 0.29499 LTC per Mh its back down to 0.25 LTC per Mh I can buy it all back cheaper almost 80% of the value I paid.

Naah going to stick with my initial assesment hedge your bets diversify and de-risk.

To make my decision on whether to sell the Hash Rate I created a Model on Excel here I will share it.

https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0


photos upload




The biggest change now on future equipment is on how I do the calculations. Before if I though LTC say was gonna double, I'd buy a bitmain unit
or so the logic goes....go with the gut but trust the math.

Now however, say that LTC went up to $50 per LTC ..... with bitmain pulling a 'firmware problem' the last time the coin went up 4x and/or with
seg witness..what is to stop them from saying the same thing and have a 'firmware error' if my 1 left coming July batch L3+ arriving 6 weeks late
while they mine with it!!!!

I had 8 L3's on April 1st or so...thru eastshore...eastshore said they 'literally' we're pulling them out of the trucks in bitmain's lot...I got 4 and they
took 4 back...and of course BTC limbo to get the coin back....firmware problem my ass......(also told by april 15th users that got L3+'s after
the firmware error was fixed the firmware was still dated Jan 2017)

So ...not sure...the frigging math has changed...large gains in coin price now means bitmain can just frigging do as they wish it seems...I'll
have to take that into consideration.I wonder if LTC hits $50-$75 bucks if I will even see my last L3+ on a July purchase....this could be
rinse/wash/repeat

AS for my evil wish

If they would just stop selling miners..mine themselves and just offer hashnet..I could live with that Smiley I mean really ..if you are gonna do
evil do it correctly....no pride in their work...wizzing in their own pool driving difficulty up....look at knc they took pre-orders on Neptune btc miners
in 2015 with customers money..filled up their data halls and mined them 5-6 months..then shipped the Neptune's late..and the owners got maybe
1/4 of the price back before they were door stops....completely screwed..and knc WON the court case against them too boot!

Bitmain has ...no pride in 'evil work' anymore...I blame the need to watch internet cats.... Smiley Not enough time to concentrate on doing evil well. Sad



By selling miners they leverage their assets.   The money from selling the miners can be used to build even more miners than they could otherwise.   It also hedges their bets by having multiple revenue streams from different sources.   I think they know exactly what they are doing.
8  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 09, 2017, 11:18:45 PM
How do the pools setup work? why are there 3? does it switch?


 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.




I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.   
9  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 05, 2017, 09:19:14 PM
If you have bought an L3+ on hashnest, what is the point of selling the MHs on that market thing?

Because right now the price on hashnest market is 3x what the price of the hardware is.   
10  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 05, 2017, 10:44:01 AM
Looks like L3+ on Hashnest is sold out.  Hopefully they will add more.

Hope Not. I rather have the difficulty not spike like crazy... I mean all the hashnest unit that were sold will hit the Network and all the L3+ units shipped will hit the network so we are looking at additional 2TH/s and difficulty spiking 40%.

In fact bitmain played it brilliantly they shipped the units once they knew they can activate hashnest unit in parallel, so people recv units over the weekend won't be so profitable.

Well played bitmain well played.

I bought 15 of the May 5th Batch that shipped today and I bought 15 of the Hashnest units as well.  If you look at the mining on the L3+ Hashnest you will see they hit 63 blocks yesterday and today like 5.  I guess they are shipping the units they were using and replacing them for Hashnest.  I calculated it and 63 blocks is about what 1000 L3+ will hit per day.  



Kilo17 hello,

I bought 1 hashnest l3+, I have a question for you.

If I want to buy lets say 252 MHS (half l3+)  tomorrow from hashnest, can I buy from market tab?
Then my earnings total will be 1,5 l3+?

thanks for answer I am newbie with hashnest.

I don't think the hashnest units are available for trade yet in marketplace.  They dont' have any plans for it either... but it could change for sure.

There has been an L3 market page up for a few days.   I'm sure there will be a market for the L3 hash as soon as they allow the owners to mine.   Other markets were depressed by people selling to get BTC for the L3 scramble.
11  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 03, 2017, 08:20:56 AM
It looks like hashnesh will offering L3 cloud mining.  https://www.hashnest.com/hash_currencies/28/shop
12  Economy / Gambling discussion / Re: Is it a sin to gamble? on: April 29, 2017, 06:17:12 AM
It is sin for me, but not for you. According to everyone, the situation is different. For a person who is generally religious, gambling is a sin, for example I can say sin according to my desire.

For example, there are some religious days in our country and it is a great sin to play gambling these days. He also encourages a bigger sin if he plays in regular casinos.



Were in the same page mate, I also do believed that gambling is a sin too. it maybe true that the gambling is not in the Bible but there is also no gambling place in heaven only here on earth we had it. But I respect the opinion of others here if gambling for them was not a sin.

If you believe gambling is a sin, why are you promoting bitvest.io?    Just asking it seems like a conflict.    That is a good point though is it a sin to make money off of gambling?   (Investing in the house.)

The problem with all of these things is where do you draw the line. 

Well, not all people have the same religion as him, so to others it might not be a sin.
He only thinks his rules apply only to him Smiley
Well if we are rely on bible we will see that gambling is one of the hated of jesus. So for me its a sin. no matter what if its involve with money its gambling that we can say it is a sin..
We know we are promoting almost gambling casino but we are just a promoter or we are just renting our signature just to make few bucks but we are not gamble anything ..

I'm not sure where this is in the bible.   However the bible clearly condemns the love of money.   So maybe that is what you are referring too?
13  Bitcoin / Bitcoin Discussion / Re: What will happen with Bitcoin if it never scales? on: April 29, 2017, 06:09:56 AM
You don;t have to imagine, you can already see that altcoins will take over.

Bitcoin has already failed to scale and the longer it continues to fail to scale the more altcoins will take over.

If it takes much longer, the damage will be irreversible, assuming it is not already too late.

That is one possible scenario. But it does not mean Bitcoin will die. It will always be there as a store of value. A kind of "digital gold" which is something how, most of the people who are hoarding it, see it anyway.

I completely agree. Bitcoin will never die because has network effect. That means has a big user base because people want it. Therefore, maybe people use some altcoins for everyday micro payments like as litecoin but most of their funds will be stored in bitcoin.

I don't know, I just had a transaction for only 0.03 BTC that cost me 89000 sats in fees.    The problem is I have a lot of small transactions in my wallet and even small transfers take lots of bytes!   This is the kind of thing that could kill bitcoin!
14  Economy / Trading Discussion / Re: When do you plan to sell? on: April 29, 2017, 06:06:31 AM
Some thought I was crazy when I said I need to wait until $13000 USD to sell.  Well we are 10% the way there already.   Also I've been scammed enough I've hopefully got smarter.   So now I only need $10850 to break even.   At this rate I might even get a profit someday!   Roll Eyes
15  Economy / Gambling discussion / Re: Is it a sin to gamble? on: April 27, 2017, 11:01:00 PM
It is sin for me, but not for you. According to everyone, the situation is different. For a person who is generally religious, gambling is a sin, for example I can say sin according to my desire.

For example, there are some religious days in our country and it is a great sin to play gambling these days. He also encourages a bigger sin if he plays in regular casinos.



Were in the same page mate, I also do believed that gambling is a sin too. it maybe true that the gambling is not in the Bible but there is also no gambling place in heaven only here on earth we had it. But I respect the opinion of others here if gambling for them was not a sin.

If you believe gambling is a sin, why are you promoting bitvest.io?    Just asking it seems like a conflict.    That is a good point though is it a sin to make money off of gambling?   (Investing in the house.)

The problem with all of these things is where do you draw the line. 
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON [2017-04-23: update to 0.9.12.0] on: April 24, 2017, 08:45:07 AM
I know the guy who mine AEON with 200-250K hashrate.

He usually sell all his mined coins every 2-3 days and rate didn't fall too much.
But if he sell once a week or 10 days - amonut is bigger and rate easy go down because buy support not too storng at today's rates...

That actually explains a lot!
17  Alternate cryptocurrencies / Mining (Altcoins) / Re: EWBF's CUDA Zcash miner on: April 24, 2017, 08:42:00 AM
What about fee dev control? (--fee)
Is it possible to set it to 0?

In CM's miner, if you set the fee to zero it is going to speed down, so from your perspective, it does not matter at all. But with EWBF's miner, it doesn't
Because of this ideology, I will always have the FEE option enabled for EWBF, besides, he is creating a badass miner for the efficient NV cards.

Think about it.

I have even written my own miner before to avoid a fee, although it was 5% I believe.   However, EWBF's miner is good enough that I really don't mind the 2% fee. 
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON [2017-04-23: update to 0.9.12.0] on: April 24, 2017, 08:02:45 AM
Any news driving down the price of AEON or is it just because I bought a bunch?   Tongue
19  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: April 20, 2017, 01:23:08 PM
its not like this company isnt known for using their equipment first to drive up the difficulty and then shipping the used ones to people...  Roll Eyes

Agreed.

But it might be the first time that Bitmain is not doing this just for short term profits. They also seem to be trying to manipulate the future of the Bitcoin protocol and prolong their advantage of covert ASICBoost mining.

Just to review, they're using customer funds to control Litecoin and indirectly control Bitcoin.

I pray that this bites Bitmain hard in the ass someday. We really need real alternatives to this evil company.

Either that or we need to form "Miners Anonymous" and get clear of this mess Wink

It seems like you just want someone to hate.   There isn't anything covert about ASICBoost and Bitmain has pointed out they are not currently even using it.   The only problem with ASICBoost is that Bitmain holds a patent on it in China.    However there isn't even any proof that it really works at this point either.  

Now Bitmain is pumping out SCRYPT miners.   They are making money supplying the miners.   Of coarse the more they supply the less each one is worth.   However people are demanding the miners.   You can boycott Bitmain but you are probably going to be lonely.  

I rather stand for my principle and be lonely than be a part of a lemmings running over the hill....

Also Looks likes coinbase is pulling back from Litecoin implementation for there retail outlet.

Principle?  Seriously?  Lemmings?   You can enjoy mining with a pencil and paper, I'll use technology.  Wink
20  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: April 20, 2017, 03:49:12 AM
its not like this company isnt known for using their equipment first to drive up the difficulty and then shipping the used ones to people...  Roll Eyes

Agreed.

But it might be the first time that Bitmain is not doing this just for short term profits. They also seem to be trying to manipulate the future of the Bitcoin protocol and prolong their advantage of covert ASICBoost mining.

Just to review, they're using customer funds to control Litecoin and indirectly control Bitcoin.

I pray that this bites Bitmain hard in the ass someday. We really need real alternatives to this evil company.

Either that or we need to form "Miners Anonymous" and get clear of this mess Wink

It seems like you just want someone to hate.   There isn't anything covert about ASICBoost and Bitmain has pointed out they are not currently even using it.   The only problem with ASICBoost is that Bitmain holds a patent on it in China.    However there isn't even any proof that it really works at this point either.   

Now Bitmain is pumping out SCRYPT miners.   They are making money supplying the miners.   Of coarse the more they supply the less each one is worth.   However people are demanding the miners.   You can boycott Bitmain but you are probably going to be lonely. 
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