Well to be clear this isn't "my" approach, just the one I am planning to use.  I don't want people to incorrectly give credit where no credit is due. Fourmilabs in switzerland has been providing true random numbers over the internet produced from observing radioactive decay for the better part of a decay. The interesting thing is that micro controllers have gotten fast and cheap enough combined with a lot of open source hardware information at there that it becomes economical for a hobbyist to build their own "hotbits" device at home. I didn't want to grant you the full paternity of the idea (i.e. provide true random numbers using quantum entropy). I just wanted to underline the fact that your idea has a potential since it could be produced on a large scale with low costs per unit. kudos in advance |
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Thanks for the links. Very useful. And more to the point it seems to validate D&T approach. They are only using a different source of quantum entropy. D&T model seems easier to be developed on a large scale, though. |
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refunded.
didn't realize you had bought a neptun. I seem to remember you were quite skeptical, but maybe I'm wrong. |
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The party is about over boys and girls.
BTC is $422 USD
Every week is new bad news.
Silk Road
Gox
KNC screwing you over
US makes Bitcoin Property
China
There will be new bad news every week and Bitcoin will be down to $100 in 60 days if this continues.
Question is why would you not refund every single order you have pending where ever a refund was possible?
Any other insightful predictions ya need from me?
Going to mine 24-25 BTC with your KNC Neptune? If not than you are screwed because you paid 10 grand for it.
Each bit of bad news kills BTC by $100
3 more bad stories and we are at $100
5 more stories and its over BTC will be at $10, All companies will close, bankruptcy everywhere.
Difficulty too high on a currency worth $10. Game over.
? come on Joe, you should have known better. the latter part of your post in particular seems plain FUD. |
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It's official, I'm no longer a KNC customer in waiting. My final refund arrived today. Well, the good thing about it all is I basically just got paid $30,000 for the 31BTC I sold back then.
So, recommendations. Antminer S2 or Spoondoodilies?
if you're looking for profit just buy bitcoins. if you're concerned about the network mining power distribution... |
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FUD? I can order 3 1TH Coincraft miners with a delivery date of March 29th for $11,000 right now, and Knc hasn't shipped a single Neptune or even given buyers any idea of when they will be delivered. I'm amazed that everyone who doesn't have a day one order hasn't cancelled yet, and even day one orders are looking worse and worse by the day. https://bitcointalk.org/index.php?topic=514758.0He's in denial. The Neptune is quickly becoming (if it wasn't already) a terrible purchase. Agreed, and I don't even think the power usage numbers on the Neptune will be that great, so that won't even save buyers. November Jupiters used 1.3W/GH, so a Neptune will probably use ~1W/GH, which has already been matched by many competitors. In my opinion, it's a huge mistake to be overly loyal to any mining hardware manufacturer in this game. That bias will likely cost you a lot of money. wow, you'd rather a single terrahash for 5600 dollars, or 2th for 12k, not even knowing if they will deliver? How many have they delivered so far? Not my cup of tea Remember just a few months ago when peeps said the same about Jupiter, and refunded for Hashfast and Cointerra? Deja-Vu ...and now they are salty. Same will happen here. Stoked. It's like an instant replay. Remember when "Jupiters will never make ROI" was the theme? hahahahaa Most jupiters have yet to ROI in BTC terms. Dickhead. *Bullshit.* You are saying you've had 5 months to mine with your Jupiter(s), and haven't made ROI in btc? Nearly impossible unless you had major problems, or simply didn't mine with them. Wow. Maybe you should try another investment, seriously. Most had ROI within a couple months dude... look back in this thread. Got mine on october the 4th, late afternoon. Got it working 45 min later. Probably due to some raw edges of fw 0.90 one of my asic slot had a die0 issue. The other slots had "not best in class" performance, hence my miner mint at 470 gh/s @pool until I decided to apply enablecore patch to the miner (a week or so after knc release it). After that I was able to get almost up to par performance. Later on after having applied a few tricks/mods learnt mainly from the overclock thread the miner is mining at 640 @the pool. To make a long story short I spent 65 btc to buy the miner. I still don't have all my btcs back. I'm almost there, though. Just to say that not all jups were created equal. |
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amazing! keep up the good work. the next step: completely trust-less audit mechanism. I seem to remember that gmaxwell proposed something along this line... anyway I'm more than happy for this achievement  edit1: found out gmazwell proposal, https://iwilcox.me.uk/2014/nofrac-orig |
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It will be below 100$ at the end of the year. Mark my words.
quoted for future reference |
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yes I am with you, there is money to be made many places, just the arbitrage between the same coin on one exchange to the next can net you 10% a day.
Early on I bought a lot (ahem) of Dogecoin for 0.0000008 per and it did not take long for them to be worth much much more!
I miss the doge train due to naivety and lack of proper attitude. I hope to learn from that missing profit :/
re: security, paper wallets are the only way to go.
When I get X coins (different for each coin) they go to a paper wallet.
Period.
amen. the DOGE train may still be rolling I'll give it a try then |
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yes I am with you, there is money to be made many places, just the arbitrage between the same coin on one exchange to the next can net you 10% a day.
Early on I bought a lot (ahem) of Dogecoin for 0.0000008 per and it did not take long for them to be worth much much more!
I miss the doge train due to naivety and lack of proper attitude. I hope to learn from that missing profit :/
re: security, paper wallets are the only way to go.
When I get X coins (different for each coin) they go to a paper wallet.
Period.
amen. |
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are you saying you got a jupiter to scryptmine?
No! I am saying with 15mh of Gridseed scypt miners I am doing this. I sold my Jupiter for what I bought it for a few weeks ago. Timing my friend, is everything. clever. |
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I understand, two data points you are missing:
1. Not just Litecoin - coins change profitability very fast, most coins (like DOGE) are 4400% more profitable than Bitcoin,
Multipools like scryptguild and clevermining are paying 0.00867-0.009 per Mh per day
2. I have 15Mh mining right now and I am making 0.09 btc a day with scryptguild.com
got it now. the aformentioned exchanges is transparently choosing the more profitable scrypt coin to mine. this is clever. anyway I still think that buying crypto is more profitable than mining. with $10K I could buy BTC16.5, you need to mine for more thatn 180 days to get all those coins (at .09 BTC/day). the only cons I see in the "buying now" approach is that: - you've to have a decent enviroment (security wise) to protect your stash - having all of your cryptos at your disposal means that you need a serious "investiment" strategy and a lot of strength to adhere to such a plan |
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Expand your horizons outside of Bitcoin and you will see there is a lot of money to be made now, by the time KNC delivers their solution Litecoin will likely be $25-$30 (IMHO)
As of know with $10K I could buy ~550 ltc. That means 200 days of mining at current diff level to mine back all those coins. Where in US can you buy LTC for $$? I opened an account on Kraken, and it says that i can only trade cryptocurrencies pairs. I would really appreciate the info. you need to verify your account. look at: https://www.kraken.com/help/faq#verificationedit 1: fwiw there're plenty of exchanges where you can buy ltc |
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Expand your horizons outside of Bitcoin and you will see there is a lot of money to be made now, by the time KNC delivers their solution Litecoin will likely be $25-$30 (IMHO)
I was more referring to yours "magic" ltc and btc future value / trend estimates, just to trade and earn a lot of money. But since you're talking about miners I just want to say that I have no intention to buy any new miners for now, be it scrypt/sha256 and manufactured by whoever you want. thanks for the advice though. I've briefly check and you can get 15Mh/s of scrypt mining power for ~$10K. it will give you 2.6 ltc/day (0.07583304 btc/day at current exchange). As of know with $10K I could buy ~550 ltc. That means 200 days of mining at current diff level to mine back all those coins. Sure you should ROI in $ term if ltc will reach $50 or more. In my book this means better to buy crypto directly rather than miners. |
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The Wild West had duels to settle things... this thread is how the wild west would look without duels
Dpos, we are prob. bored is what it is, so we are looking for entertainment since KNC hasn't given us anything to monkey around with.....we are at each others throats as if marooned on an tiny island and everyone's ready to bash eachother's head in.... so KNC, how goes the cloudhashing, our Neptunes and still no interest in a SCRYPT MINER?? ps. mining on scryptguild.com for alt coins....I would be using a KNC scrypt machine here as I use a KNC machine for SHA on btcguild.com. Same admin for both, so I know we kick'in ass.  on topic. A KNC scrypt machine..........hmmmmmmmm joe, is that hmmm as in interesting, or hmmm as in I might be on to something? Not implying anything. Just thought that may be a good next step for them. Hehehehehhe kudos to you joe, I'm impressed. Any chance to share also your estimates about btc/ltc prices in the near term? easy money |
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I can not help but be in agreement with you. I've found rather shocking how little Wales knows about bitcoin. FWIW I would have expected more from the Wikipedia founder. |
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Is there an alternative full client?
- bitcoind - Bitcoin-Qt - Gocoin Both bitcoind and Bitcoin-Qt are the main backbone of the Bitcoin network. I'm not sure what ratio of nodes are bitcoind or bitcoin-qt. I would actually say the bitcoind is more important because this is the one all the services would use. Versions are much more important. Basically, stuff after about 0.7 or so supports the wallets of everyone owning less than a Bitcoin or thereabouts. Sorry but my english is a little bit rusty. Are you implying that everything above bitcoind 0.7 is not trustworthy? |
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