This mining farm is another case of too much, too late in the Bitcoin game.
Everyone go back to page 1 and see the photos of the place under construction.
Now imagine the place mostly cleared out, empty, devoid of any ability to mine Bitcoin. Random trash and shelving pieces litter the floor.
That is what this place will look like in less than two years.
Quite possibly, which is why I wouldn't prepay for a five-year contract. But if I buy a one-year contract, I don't really care what happens two years from now. Next year when the contract expires, I can re-evaluate whether I think another year will be profitable. Bitcoin price may have some ups and downs, but over the next two years it will slowly but steadily do a lumpkin dive into unprofitability.
That I doubt. There's a high likelihood of a price spike in the next two years that will bring mining back into profitability, since the price can spike much faster than the difficulty can (bringing lots of miners online is much slower). |
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But if I'm an average bitcoin miner with a couple ASICs maybe, and I'm expecting the price to go up anyway, why would I ever shut down my miners? Do you really convert your earnings immediately and then pay your bills with that? If not, isn't it nonsense to turn off miners?
My goal is to invest a set amount of fiat every month increasing my btc stash. I do that mining and buying. When mining becomes less productive than simply buying btc, the miners get turned off and I start buying instead. |
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You always can open another not moderated thread about same topic.
So now you end up with 2 threads on the same subject. Do you really prefer seeing 2 threads for every subject instead of just 1? |
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What bitstamp needs to do is find all possible ways to alert customers to not use old address. Simple notification on the website is not enough, because a lot of people don't actually read these.
They also emailed everyone. If you don't read emails from your exchange, you don't have much ground to complain. Do you expect some bitstamp representative to stop by your house and hold your hands? It would help if they block you from logging in until you checkmark a box to confirm you read the alert before allowing you to log in.
That wouldn't help. You can still send bitcoins to old addresses without ever logging in. |
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P.s. I know that paypal is "the enemy" kind of in our bitcoin agenda. But - today they won some points with me!
Carry on...
Boomin
Paypal definitely has its uses. They have saved many people from similar situations. Good thing you notified them before the 45 days expired. There are limits to the buyer's protection. Lesson learned, do not send bitcoins to people/companies/etc that you do not trust. And don't trust companies that have no history and are selling too good to be true items. |
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a few 10 ghs  Request your refund asap. You do not want those devices. They use way too much power. You'll only lose money by turning them on! |
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Because WE HAVE DONE NOTHING WRONG... get that into your thick idiot brain. JESUS. Unbelievable stupid person.
minethatcloud: Date Registered: January 13, 2015, 10:19:05 PM
Last Active: January 21, 2015, 10:47:15 AM
Lasted about 1 week. Pretty bad ponzi. |
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(Ok I will have to do a suicidal face palm if I am wrong and they end up being a scam and will apologise to each person individually that I doubted, but yeah i'm gonna
trust them for now, more fool me you might say)
Can I get the "suicidal face palm" now? |
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if they carry on paying out, surely its not a scam?
And now that they've stopped paying out, surely you agree it's a scam? |
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minethatcloud is INNOCENT untill proven guilty. you have to prove him guilty . he doesnt have to prove his innocence.
And now minethatcloud is proven guilty by ceasing payouts, just like we warned you they would. |
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And here I was enjoying my free daily 0.005 until they disappeared. Sigh.
So payouts have stopped? |
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I want watercooling(don't care about decibels) to heat the water in my boiler!  lol, that would be an awesome setup. |
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You don't need water cooling to have quiet. You just need to stop designing for maximum density. Spread the chips out and use nice quiet slow big fans. That's really all water cooling is.
If the SP20 was twice as large (same number of chips, without putting 2 chips in line of the airflow) it would run much better and quieter with 2 fans.
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So despite what everyone says, he is trying to pay back.
Trying and massively failing. PBMining, 4284 TH/s should payout 52.2 BTC per day. The last payout reported from address 1Payu22kpAENfgDjazV4GUwVvQgEorDK4c was .76 BTC. They're continuing to pay out about 1%. |
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nearly 300 kw / 30EUR per month, But only produces 0.0122 x 0.45x 30=0.165BTC per month
.165 BTC = 38EUR, so the additional income more than makes up for the additional power draw. |
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Was it modded ?
Please contact remo@ for diagnostic.
All stock. I'll email. |
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Sorry to report that half my SP20 has kicked the bucket. Cycling the power and upgrading the firmware has not helped. 2.6.1
Uptime:153 | FPGA ver:100 | BIST in 60
-----BOARD-0-----
PSU[UNKNOWN]: 0->(127w/127w)[127 127 127] (->127w[127 127 127]) (lim=155) 0c 252GH cooling:0/0x0
-----BOARD-1-----
PSU[UNKNOWN]: 0->(140w/140w)[140 140 140] (->140w[140 140 140]) (lim=155) 0c 277GH cooling:0/0x0
-----BOARD-2-----
PSU[UNKNOWN]: 0->(5w/5w)[5 5 5] (->5w[5 5 5]) (lim=155) 0c 0GH cooling:0/0x0
-----BOARD-3-----
PSU[UNKNOWN]: 0->(5w/5w)[5 5 5] (->5w[5 5 5]) (lim=155) 0c 0GH cooling:0/0x0
LOOP[0] ON TO:0 (w:6)
0: DC2DC/1/:[vlt1:625 vlt2:629(DCl:794 Tl:794 Ul:629) 54W 87A 50c] ASIC:[ 85c (125c) 710hz(BL: 710) 3 (E:192) F:0 L:0]
1: DC2DC/1/:[vlt1:626 vlt2:629(DCl:794 Tl:794 Ul:629) 46W 73A 56c] ASIC:[ 85c (125c) 600hz(BL: 600) 3 (E:193) F:0 L:0]
LOOP[1] ON TO:0 (w:14)
2: DC2DC/1/:[vlt1:626 vlt2:629(DCl:794 Tl:794 Ul:629) 57W 91A 62c] ASIC:[ 85c (125c) 740hz(BL: 740) 3 (E:193) F:0 L:0]
3: DC2DC/1/:[vlt1:626 vlt2:629(DCl:794 Tl:794 Ul:629) 53W 85A 64c] ASIC:[ 85c (125c) 700hz(BL: 700) 11 (E:193) F:0 L:0]
LOOP[2] OFF TO:0 (test serial failed or something)
4: disabled (i2c BAD, btw!)
5: disabled (i2c good, no OC)
LOOP[3] OFF TO:0 (test serial failed or something)
6: disabled (i2c BAD, btw!)
7: disabled (i2c BAD, btw!)
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If you're talking about 18,000W and 15 SP20s, why are you quoting the single unit price on the SP20? 15 SP20s cost $5500 shipped, which is a considerably better price.
Downclocked to the same speed as an S5, the SP20 is as efficient or moreso that an S5 (neither of mine hit .510 J/GH on a Platinum supply, BTW), and the price is close to the same.
30 SP20s will set you back $10,990 shipping included, while 30 S5s will cost $11,100 plus shipping (~$11,900 shipped to the US). If you have 30 coupons you could probably knock $1000 off that price, but that just makes it a wash.
Owning both, if I had 18,000W to play with and had to choose between the SP20 and S5 at the same price, power and hashrate I'd definitely go with the SP20. Either would work, but arranging that many would be nicer with the SP20 and it just feels like a much more rugged unit.
And when doing profit calcs, don't put the SP20 at 1.7 TH/s. Most people get about 1.6 TH/s out of it, almost no one gets 1.7 TH/s. Whereas the S5 is easily overclocked to 1.3 TH/s from virtually every unit. |
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No payout for the last 2 days ... looks like it's over. 62 day ROI looked too good to be true  Now that the website is gone, can anyone confirm if there are any payouts still being made? |
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Regarding DDOS, we have no idea. Might be we have pissed off some Big Brother. But, it has no effect on mining. So, nothing much to worry.
Why is minethatcloud.com redirecting to your website? |
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