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5881  Bitcoin / Hardware / Re: s5 overclocking on: January 21, 2016, 07:57:19 AM
Many variables, the units themselves vary a bit, temperature has a large effect, etc.

Power consumption vs. clock speed is pretty much flat.
5882  Bitcoin / Mining speculation / Re: Want to start a small farm, but all calculator give different result on: January 21, 2016, 07:55:17 AM
What do you think ? Invest or not ? Take into account that i have money, so if i lose 30k it's not the end of the world.
Invest into Bitcoin. Better long term, if Bitcoin jumps in price you profit. But if you have miners you can't as easily profit, unless miners come into high demand, where people are paying higher than market prices.

You can't ROI fast enough before the Halving. Unless halving shoots BTC to the moon pricewise. Halving also looks to not be accounted for in the calculators, but can be safely assumed to happen in Late June to Late July if the difficulty continues to climb.


 The exact halving time/date isn't known 'till it happens, but currently looks to be somewhere mid-July.

 Massive difficulty increases will move that forward, small ones will move it back, but not a ton at this point since we're getting fairly close to the time.
5883  Economy / Service Announcements / Re: [ANN] Bitfury ASIC sales in EU and Europe on: January 21, 2016, 07:51:28 AM
The silicon has demonstrated capability of up to 184GH/s with some trickery, but it's unachievable with traditional methods.

 Immersion cooling, I presume, to get that high.
5884  Alternate cryptocurrencies / Mining (Altcoins) / Re: Affordable motherboard for GPU mining? on: January 21, 2016, 07:47:58 AM
Given the cost of ANY Intel CPU, I can't see how anyone can recommend Intel-based motherboards for miners.

 Definitely go AMD.

 Gigabite has a new revision of their Gigabyte GA-990FXA-UD3 board out, which is a good thing as the old version had gotten to be a pain to find in stock anywhere for a while.


Because for the price of an UD3 I can get both a H81 and a Pentium G3420.

 Going by Newegg pricing from when you COULD get that CPU, you can get an H81 for less than $20?

 Your CPU *ALONE* costs almost as much as the UD3 motherboard - which is a fairly expensive motherboard by AMD motherboard standards.


 P.S. Newegg lists that motherboard as having been around $60 - but "not available".
5885  Alternate cryptocurrencies / Mining (Altcoins) / Re: GPU mining, any use left for it? on: January 20, 2016, 08:45:42 PM
I use them as space-heaters in the winter.
There are 3 folding coins to mine with gpus, so that at least you mine for a good cause. One is Gridcoin which is rallying and I'm currently mining. Unfortunately the mining setup is a PITA on linux, so I can mine just with my mule.

 Curecoin I'm familier with, and might actually start mining eventually "just because".

 What's the 3'd such coin?



 X11 coins can be mined for a profit if you have fairly low electric cost and an efficient setup. Haven't paid attention to anything else for a long time, as way too many of the "other than Scrypt/SHA256/X11" coins are fairly hard to find reliable exchanges for.
5886  Alternate cryptocurrencies / Mining (Altcoins) / Re: Affordable motherboard for GPU mining? on: January 20, 2016, 08:42:26 PM
Given the cost of ANY Intel CPU, I can't see how anyone can recommend Intel-based motherboards for miners.

 Definitely go AMD.

 Gigabite has a new revision of their Gigabyte GA-990FXA-UD3 board out, which is a good thing as the old version had gotten to be a pain to find in stock anywhere for a while.
5887  Economy / Speculation / Re: Finally a Safe Haven Asset Response? on: January 20, 2016, 08:36:13 PM

interesting development, but I don't know I would lump SA in with those two economies. That article states they have USD630b in currency reserves & the price of oil won't stay this low for long.

 Oil will stay low and keep dropping as long as
 (1) China economy continues it's recession/implosion
 (2) OPEC keeps putting pressure on higher-cost producers in an attemt to drive them out of the market
      (which will FAIL long-term no matter what but might succeed for a few years 'cause they'll just ressurect when pricing gets high enough again).

 Oil pricing might get a LOT lower for a while if the Chinese economy starts dragging other world economies down with it.

 I wouldn't plan on oil prices rising for a year or two at least, then it'll take some time after that for them to climb again.
5888  Economy / Speculation / Re: China central bank going to release their own digital currency good for bitcoin? on: January 20, 2016, 08:29:29 PM
Given how little yuan is used outside of China, I don't see a "digitalised yuan" type currentcy being any real competition for Bitcoin.

 On the other hand, it does represent a strong INDIRECT endorsement of Bitcoin technology - as long as the Chinese don't decide to make competition with THEIR OFFICIAL digital currency illegal at some future point.
5889  Bitcoin / Mining speculation / Re: 21 cents per kw, Any way to mine? on: January 20, 2016, 08:26:32 PM
If your electricity is $0.21/kWh, it is better not to mine if you do not think mining is your hobby. There are mining farms in China, paying $0.04/kWh.

 More like $0.03 from comments I've seen, and at least one small area in the USA that can match that (for now).


 I am anticipating the next generation gear (14/16nm full custom) will start arriving before the halfing.
 BitFury is talking April, but I suspect Innosilicon might beat them to the punch.
 BW.com missed the boat with their B-Eleven NON-full-custom 14nm design, unless it shows up before the end of the month and significantly beats the S7 on price.
5890  Economy / Service Discussion / Re: where the great mine ??? ... on: January 20, 2016, 08:22:34 PM
Might want to clarify your question, as stated it makes you appear to be asking where the biggest mining FARM is at?
5891  Economy / Service Announcements / Re: [ANN] Bitfury ASIC sales in EU and Europe on: January 20, 2016, 08:21:35 PM
Weren't you folks claiming more like 130-140 GH / chip with a heatsink?

 Or is that specific to a fan-cooled heatsink setup (I notice no apparent fan blowing on that HUGE heatsink in your second video)?
5892  Bitcoin / Hardware / Re: Bitfury: "16nm... sales to public start shortly" on: January 20, 2016, 08:20:04 PM
Serious overkill on that heatsink for 11 watts.
Still, not too bad of performance.

I'm not worried about the GH / Chip stuff, Bitfury has always prefered the 'small chip" approach.
It's not far different from the current Bitmain 1385 on GH/chip after factoring the node shrink.


It's also a positive for using a new process node, tends to increase yield some.
5893  Bitcoin / Mining speculation / Re: Is this math right? on: January 20, 2016, 08:07:03 PM
It's the law of compound interest in a different application.
5% interest for 14 years appx doubles your money, if compounded at least annually.
5894  Alternate cryptocurrencies / Mining (Altcoins) / Re: What is best hardware to mine alt coin? on: January 20, 2016, 08:04:24 PM
Zeus didn't have the fire issues. That was mostly the KnC Neptune and to a lesser degree the Titans, though the Titans involved seemed to usually be overclocked to achieve fire and major meltdown.

 I'm not in the market for ANY current scrypt miner - got nice reliable A2s already.
 Some issues with Zoomhash when I bought them, but the issues have been very nicely resolved.
5895  Alternate cryptocurrencies / Mining (Altcoins) / Re: Nvidia Tesla M60 ? on: January 20, 2016, 08:02:31 PM
AMD is better at some things, Nvidia better at others - and details of who is better at what changes sometimes.

 AMD for example has ALWAYS rocked RC5 (distributed.net project), while Nvidia has tended to usually be quite a bit better at Folding@home, just for 2 examples I'm directly familier with.

 Mining has varied - simpler algorythms like SHA256 were AMD ruled, more complex stuff like X11 has bounced around some with each new generation release between the 2 manufacturers.


 What has ALWAYS been constant is that Intel graphics are very very very low performance and that has carried over into GPU computational projects when Intel finally was able to start supporting such.
 8-O
5896  Economy / Speculation / Re: Is the AVERAGE PRODUCING COST of 1 Bitcoin representative of the lowest PRICE?? on: January 20, 2016, 07:58:44 PM
Definitely true for Bitmain.
Appears to be true for BW.com/LKetc.
Definitely true for KnC.
Definite true to some degree for BitFury, though they seem more inclined to sell chips to large farm operators for THEM to build the actual miners with.
Does not appear to be true for Innosilicon.
Sorta-true for Zoomhash - they farm then sell on at least some of the gear they sell, even though they don't actually manufacture it.
Probably sorta-true for some of the other bigger gear dealers but I have no direct info in those cases.

Most of the large farms are not actual chip makers though - but even THOSE would likely get some big discounts on their equipment in bulk purchaces.
5897  Alternate cryptocurrencies / Mining (Altcoins) / Re: What is best hardware to mine alt coin? on: January 20, 2016, 11:41:58 AM
More that the others are too small a market for anyone to have ever bothered making an ASIC for them (though X11/X13/X15 had a company called Cleverhash doing development work on such a miner, they apparently never got the funding to finalise and produce their design).

 For SHA256 and Scrypt, ASIC are the ONLY viable options.

 For everything else, GPU mining should still be viable, though it won't be big profit at best.

 The Zeus models, when they finally showed up, were INFERIOR to the Innosilicon A2 by quite a bit - and didn't stack up any better vs the Alcheminer or KnC Titan when those showed up.
 There's a reason Zeus folded it's "making miners" tent, they flat out couldn't compete effectively enough to sell enough product to make back their development costs (though they got tapped by Innosilicon to produce some A2-based hardware for a while).
5898  Alternate cryptocurrencies / Mining (Altcoins) / Re: can a scrypt "asic" miner using icarus boards be reprogrammed for other algo? on: January 20, 2016, 11:38:08 AM
In theory, probably yes.

 In practice, most post-Scrypt algorythms seem to require more RAM than FPGAs have available.

 It would take modification to the FIRMWARE IN THE FPGA ITSELF, not just modification to cgminer, to do so.
5899  Economy / Speculation / Re: Is the AVERAGE PRODUCING COST of 1 Bitcoin representative of the lowest PRICE?? on: January 20, 2016, 11:33:03 AM
Avarage cost for the big farms has always been quite a bit LOWER than average price, with the exception of a couple of very early farms that have probably sold out or shut down by now (like the Polish megafarm that was trying to sell of large quantities of 55nm Bitfury gear a couple of months back or so).

 Very few large farms TODAY are paying more than about 3c/KWH for their electric, which keeps their production costs quite a bit lower than the large majority of "home" miners.


 The bulks of Bitcoin mining is done by large farms, which has been true for a while though I can't say HOW long that's been true. I'd guess "3-4 years ago" would be the timeframe that the large farms started mining more than half of all Bitcoin mined.
5900  Bitcoin / Mining speculation / Re: New Mining Farm on: January 20, 2016, 11:30:16 AM
Just buy some BTC and hold it.

Thanks for the advice , however this method relies solely on speculation , and I see more potential in the mining sector , as at the current rate of 25 BTC for every 10 mins , it will take another 3.8 years untill all the possible bitcoins are mined .


 Block reward halfs next summer, probably sometime near mid-July. It will then half again about 4 years later - it will take decades for the last Bitcoin to be mined.

Quote

By the way , will the processing fees will be enough to sustain the existence of the bitcoin miners once all the bitcoins are mined and there is nothing else to mine . Assuming the Bitcoin doesn't fail in the meantime , will the processing fees cover the expenses of miners or would they be able to make any kind of profit ?


 No, but it's not going to be an issue quite that soon. It will start being an issue somewhere in the 2020s, when the halfings get the block reward down a lot closer to or under 1 BTC/block - IF bitcoin survives that long (I think it probably will).
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