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Author Topic: BitFury has the No. 1 Crown for Now...  (Read 10914 times)
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December 20, 2015, 01:11:35 AM
 #21

Wow... That's a really close battle between the top 3.

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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December 20, 2015, 08:17:26 AM
 #22

Wow... That's a really close battle between the top 3.

Both Bitfury and Bitmain are producing high efficiency miners. A lot of them are used by themselves. So the race will be on for some more time.
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December 26, 2015, 09:03:12 AM
 #23

Wow... That's a really close battle between the top 3.

Both Bitfury and Bitmain are producing high efficiency miners. A lot of them are used by themselves. So the race will be on for some more time.

we need more compaction in this area. home mining must increae
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December 26, 2015, 09:21:46 AM
 #24


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.

The usable life of a miner is just 6 months. If you cannot ROI within 6 months, you will never. So They should have planned for that.

What you talkin' about Willis?  I got S3s that have been going nonstop for over 16 months and will continue well past the halving.

And I'm sure lots of college kiddos "leeching" free power for 4 years at a time.  For me mining ROI is a secondary consideration - my main concern is keeping the network distributed.
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December 27, 2015, 07:38:04 AM
 #25


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.

The usable life of a miner is just 6 months. If you cannot ROI within 6 months, you will never. So They should have planned for that.

What you talkin' about Willis?  I got S3s that have been going nonstop for over 16 months and will continue well past the halving.

And I'm sure lots of college kiddos "leeching" free power for 4 years at a time.  For me mining ROI is a secondary consideration - my main concern is keeping the network distributed.

I know your first consideration is the free power. Without free power, there is no way you will ROI and continue mining with S3.
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December 27, 2015, 07:41:00 AM
Last edit: January 02, 2016, 07:52:44 AM by Amph
 #26


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.

The usable life of a miner is just 6 months. If you cannot ROI within 6 months, you will never. So They should have planned for that.

What you talkin' about Willis?  I got S3s that have been going nonstop for over 16 months and will continue well past the halving.

And I'm sure lots of college kiddos "leeching" free power for 4 years at a time.  For me mining ROI is a secondary consideration - my main concern is keeping the network distributed.

this isn't something that a single user can do you know, so i'm not user how useful is to do it, unless you have a very large base of friends

but is not better to sustain the network with at least the possibility to avoid losing money? s3 is ancient and also have a low hashrate, so the distribution in this case is not even good
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January 01, 2016, 08:16:29 AM
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What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in the Navy Seals, and I’ve been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills.

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You're not going to get anything good from posting here. Honestly you expect us to believe that US Marine Corps have nothing better to do then hunt down people who scammed you lol. Sorry i know I shouldnt even reply to this attention seeking post but srsly whud. Gotta admit some taught gone into writing the above post. Some albeit not alot
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January 10, 2016, 10:46:55 AM
 #28


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.

The usable life of a miner is just 6 months. If you cannot ROI within 6 months, you will never. So They should have planned for that.

What you talkin' about Willis?  I got S3s that have been going nonstop for over 16 months and will continue well past the halving.

And I'm sure lots of college kiddos "leeching" free power for 4 years at a time.  For me mining ROI is a secondary consideration - my main concern is keeping the network distributed.

this isn't something that a single user can do you know, so i'm not user how useful is to do it, unless you have a very large base of friends

but is not better to sustain the network with at least the possibility to avoid losing money? s3 is ancient and also have a low hashrate, so the distribution in this case is not even good

Mine will concentrate on the cheap electricity places. The US dollar has appreciate against other currencies, so there will be fewer mining operations there.
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January 11, 2016, 03:39:54 PM
 #29

Remember bitfury because they were partners of bit-x, if I am not wrong. Would love to see the cloud mining service working again, it was good for me.

Anyone here uses bitfury miners?

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January 12, 2016, 01:32:36 PM
 #30

Congrats! Bitfury for leading the top.
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January 16, 2016, 10:15:12 AM
 #31

Bitfury also supports the 2MB block size. So it is good for the bitcoin network.
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January 17, 2016, 12:25:03 PM
 #32


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.

The usable life of a miner is just 6 months. If you cannot ROI within 6 months, you will never. So They should have planned for that.

What you talkin' about Willis?  I got S3s that have been going nonstop for over 16 months and will continue well past the halving.

And I'm sure lots of college kiddos "leeching" free power for 4 years at a time.  For me mining ROI is a secondary consideration - my main concern is keeping the network distributed.

If your electricity price is over $0.25/kWh, You will not mine profitably after the halving. The only motivation to mine to keep the network distributed.
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January 17, 2016, 12:34:17 PM
 #33


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.


and the halving is bad why ?. if bitcoins keep going up how they are the halving will have no effect at all the only thing i see bad is 12.5 less coins per block and higher difficulty, i don't see that as bad unless the chip makers try to shut out everyone and  mine for them self, which is possible, but some one will come a long and stop that unless the laws of the land stop home miners or make it to hard to do it in your home, by law.

I don't think they ever planned to do it. The article says that they "announced mass-production of its full-custom design 16nm Application Specific Integrated Circuit (ASIC) Chip". But even if they were so "evil" that they only mine for themselves with the chip, I bet someone else would develop a similar chip or would just pirate this one. )

as a business unit they would diversify their business ,rather than developing the machines just to mine for themselves they will be earning a good profit selling the machines .
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January 30, 2016, 04:24:26 AM
 #34

That huge! Just sad that they do not make gear for home mining!  Tongue


Source: http://bitfury.com/products#16nm-asic
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February 01, 2016, 11:58:42 AM
 #35

That huge! Just sad that they do not make gear for home mining!  Tongue


Source: http://bitfury.com/products#16nm-asic

If the miner is made according to the 0.1J/GH specification, that is 150% more efficient than the S7. It will dominate the market.
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February 03, 2016, 09:22:28 AM
 #36


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.

The usable life of a miner is just 6 months. If you cannot ROI within 6 months, you will never. So They should have planned for that.

What you talkin' about Willis?  I got S3s that have been going nonstop for over 16 months and will continue well past the halving.

And I'm sure lots of college kiddos "leeching" free power for 4 years at a time.  For me mining ROI is a secondary consideration - my main concern is keeping the network distributed.

If your electricity price is over $0.25/kWh, You will not mine profitably after the halving. The only motivation to mine to keep the network distributed.

I don't think anybody can mine profitably at present with $0.25/kwh  Shocked.  I am paying $4k/month to lease an office that I use less than 50% of the business days, just trying to recoup a little bit of the rent with the "free" electricity while supporting the network.
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February 05, 2016, 10:49:31 AM
 #37


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.

The usable life of a miner is just 6 months. If you cannot ROI within 6 months, you will never. So They should have planned for that.

What you talkin' about Willis?  I got S3s that have been going nonstop for over 16 months and will continue well past the halving.

And I'm sure lots of college kiddos "leeching" free power for 4 years at a time.  For me mining ROI is a secondary consideration - my main concern is keeping the network distributed.

If your electricity price is over $0.25/kWh, You will not mine profitably after the halving. The only motivation to mine to keep the network distributed.

I don't think anybody can mine profitably at present with $0.25/kwh  Shocked.  I am paying $4k/month to lease an office that I use less than 50% of the business days, just trying to recoup a little bit of the rent with the "free" electricity while supporting the network.

You need quite a few S7 to consume the $4k/month electricity cost. Will the landlord know the difference to the power bill?
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February 06, 2016, 07:32:16 AM
 #38


Maybe.  They have 6 months to make some money off of it before the halving.  Halving is coming.

The usable life of a miner is just 6 months. If you cannot ROI within 6 months, you will never. So They should have planned for that.

What you talkin' about Willis?  I got S3s that have been going nonstop for over 16 months and will continue well past the halving.

And I'm sure lots of college kiddos "leeching" free power for 4 years at a time.  For me mining ROI is a secondary consideration - my main concern is keeping the network distributed.

If your electricity price is over $0.25/kWh, You will not mine profitably after the halving. The only motivation to mine to keep the network distributed.

I don't think anybody can mine profitably at present with $0.25/kwh  Shocked.  I am paying $4k/month to lease an office that I use less than 50% of the business days, just trying to recoup a little bit of the rent with the "free" electricity while supporting the network.

You need quite a few S7 to consume the $4k/month electricity cost. Will the landlord know the difference to the power bill?

you need a massive farm for that, because one s7 consume only $45 at 0.05 electricity and less at lower electricity of course, soem farms use even a lower electricity

so we are talking about a 500 tera farm already
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February 06, 2016, 09:06:16 PM
 #39

I'm not trying to sound doom and gloom...

But, could this be the beginning of the end for home miners?

I've always believed that Bitmain uses their technology for awhile, before making it available to public.

At some point advanced machines won't be affordable to the public.

Mining has been a small yet fun and affordable hobby for me -- and I hope that it will continue...

SmileySmileySmiley

I don't see why you're realising that home mining is dead now. It was dead as soon as the first ASIC came out. AFAIK bitfury is a private mining company, not a pool. They probably have a huge-ass mining rig in the middle of nowhere.
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February 07, 2016, 03:39:07 PM
 #40

I'm not trying to sound doom and gloom...

But, could this be the beginning of the end for home miners?

I've always believed that Bitmain uses their technology for awhile, before making it available to public.

At some point advanced machines won't be affordable to the public.

Mining has been a small yet fun and affordable hobby for me -- and I hope that it will continue...

SmileySmileySmiley

I don't see why you're realising that home mining is dead now. It was dead as soon as the first ASIC came out. AFAIK bitfury is a private mining company, not a pool. They probably have a huge-ass mining rig in the middle of nowhere.

Revive homemining!! I hope something new comes out
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