Red55555
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December 06, 2016, 08:07:53 PM Last edit: December 06, 2016, 08:19:23 PM by Red55555 |
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"socialist card" is about planned economics, u plan supply and u plan price and u never hit the target of demand. U either have overproduction or deficit. And with "controlled" price of ZEC u have over production that u cant sell unless the price will go down.
Exactly. To supporters of "controlling" - one simple question - would _you_ buy the stuff for the price it has now? If "no" then why do you think someone else should want? If there are people, who value this pointless crap, then I am happy to sell it to them as long it covers my production cost. If it does not, I produce something else that is more profitable. But I will never pile the stuff to warehouse unless I value it myself and expect to see growing prices. You seriously believe market manipulation is socialist controlling? Market manipulation is an every day phenomenon in wall street and all across the globe, usually associated with capitalism. a Full government control of the economy however is associated with planned economy. "If it does not, I produce something else that is more profitable. But I will never pile the stuff to warehouse unless I value it myself and expect to see growing prices" Correct. That is why we all mine zcash. You are basically saying that the right things here: Is the demand strong enough to support those prices? If you watch some of the original posts you see that i assumed the coin dumping to make the zcash price lower than it could be + the buyer demand can be tested through price manipulation. Hence the cartel. you probably didn´t read my answer to that statement but here it is anyhow: I never stated that full control of the price can be achieved. It only can be manipulated to the point people still are willing to buy it. Who is allowed to trade or who is not allowed cannot be controlled by any measure these days. Can you share a quote where i stated that? I made a scenario where the price of the currency could be manipulated on the free market. You seriously haven´t heard of what European Unions central bank has been doing for this entire decade? They manipulate the price of the Euro as some may have noticed. As i also stated we would need majority of the network (hashrate) so more than half of the constant supply is still under our control. Planned economics in soviet union meant that the price of the ruble was not only manipulated but it was fully controlled buy the state no matter the supply or demand. In Europe the price of the Euro is manipulated through a central bank but even them cannot fully decide what it´s price should be . Most of the Europeans still call it a free market. This scenario was an image of the latter. --------------------
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Red55555
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December 06, 2016, 08:14:40 PM |
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Yeah right, and who would those pools sell it to? At prices higher than of a free market. Say, they put the price at 1btc. What then?
U people miss the experience of living in soviet union. These kind of plans dont work.
Market manipulation or cartels have nothing to do with predetermined production in Soviet union mate. More likely this can be mocked as an attempt to make a "central bank" for zcash. To be honest, mildly controlling the price of a currency is what central banks do. If you meant "you people" by Finnish people, we are nowadays basically anti communism as a whole. If you actually read my last post, you would see that what i meant was to manipulate the zcash price so the coin dumping wouldn´t have such a detrimental effect on the prices. Therefore the prices could be better adjusted to the current demand (through centralized selling=pool collaboration). As i originally posted, there is a risk that if the price is too high, people wont buy it and if it was the 100 dollars each i originally hypothesized, we would still need to make the majority of the network to collaborate with this plan. To control the risks i threw out ideas of pool collaboration and an idea to adjust the price to the point people would actually buy it (read "leftover demand", which of whom may or may not buy zcash even if they can´t get it for 50 dollars each). This is also 100% theoretical speculation as you may have noticed. Though i´m not sure if you are trolling with that "socialist - card" To control the price u need one of two, absence of free market so only controlled partys that agree on some price can trade. Or control over supply so decreasing it the price will rise by itself. One way or another, u will decrease volume but problem is, zec supply is constant. What u gonna do about that? "socialist card" is about planned economics, u plan supply and u plan price and u never hit the target of demand. U either have overproduction or deficit. And with "controlled" price of ZEC u have over production that u cant sell unless the price will go down. I never stated that full control of the price can be achieved. It only can be manipulated to the point people still are willing to buy it. Who is allowed to trade or who is not allowed cannot be controlled by any measure these days. Can you share a quote where i stated that? I made a scenario where the price of the currency could be manipulated on the free market. You seriously haven´t heard of what European Unions central bank has been doing for this entire decade? They manipulate the price of the Euro as some may have noticed. As i also stated we would need majority of the network (hashrate) so more than half of the constant supply is still under our control. Planned economics in soviet union meant that the price of the ruble was not only manipulated but it was fully controlled buy the state no matter the supply or demand. In Europe the price of the Euro is manipulated through a central bank but even them cannot fully decide what it´s price should be . Most of the Europeans still call it a free market. This scenario was an image of the latter. Ok, u get most of hashers onboard and u start manipulating price... at the same time u promise to pay all miners that higher price. Unless u have some big buffer of btc (that will dry out), how on earth will u do both things at the same time? So we get to the first question, who will u sell it to? Miners get a higher price when the biggest pools sell the mined zcash centralized in the normal marketplaces where they try to manipulate to current price. There are some same ideas like in the nicehash -system, where you get a share from your hashing power proportionately but you are not necessarily compensated with the coins you were currently mining. The pool will sell the "randomcoins" for you and compensate you with bitcoins. No news here. Though in this scenario we only mine zcash and you are compensated through fiat currencies, for example. That would somewhat reduce the effect of what coin dumping currently has on zcash´s price and maybe give a better share for miners. So u need to spend assets to drive price higher. Yea, that works but who will pay for that? Pool just gives that away? For that u dont need to control hashrate, u just buy as much zec as it takes to drive price to desired rate. And thats dead bagfull cause selling it will drive price back down. I'll take ur word that u are absolute noob Did you even read what i wrote? There is no buffer, no capital needed, no spend assets. The income miners get is from the pools selling the zcash on the market and only from the market. "u just buy as much zec as it takes to drive price to desired rate." Please share the quote where i even remotely mentioned that the price is controlled through BUYING it ourselves from the market. Now you are just making up things. Maybe this was just a troll after all? When you control at least half of the total production and supply (at least 50% of total hashrate) you have something to say about the price. It does matter whether most of the zcash is being sold at 50 dollars or 80 dollars. I a noob considering the complexity and depths of the economics. Though it makes you wonder, just what that makes you. Seriously bro? you run out of arguments and just make some shit up i never said? Lets agree to disagree, i guess u are misreading and taking things too personally. On with breaking F5 F5 F5 F5 F5 F5..... Oh i doubt that i was misreading You just ran out arguments . I thought the exactly the same of you so no harm done here XD F5 F5 F5 F5 F5.....
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elzium
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December 06, 2016, 08:18:53 PM |
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If someone cares to cut it into another thread, i could continue, but enough of offtopic here.
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Red55555
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December 06, 2016, 08:20:44 PM |
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If someone cares to cut it into another thread, i could continue, but enough of offtopic here.
Let´s agree on that.
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delle54
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December 06, 2016, 08:49:28 PM |
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Does anybody have a proof that private high speed miners exist?
Its GPU Mining. An ASIC ist not known yet! I know that there will be no ASICs. I'm talking about mining software. There are a few people talking about "private miners" and I just asked for the proof that they exist.
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a7med918
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December 06, 2016, 08:54:23 PM |
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Dear All i have VIP issue iam going to made hand power supply to supply all cards I have know how to made it using some Electrical component Transformer 220v-12v AC and then convert it to DC 12v using Bridge and suitable capacitors to give a smooth 12v DC power my elec. circuit give up to 100 A and only i test using only 1 or 2 R9 380 cards which consume low power i face a problem when clymore is run and after readjng cards PC is hanging and go to freeze now i have 2 powers 1 is for MB only and the second (hand made) is for cards. i try to connect both zeros of tow PS without any result my rig is go to hange so i need your feedback if you have any issue to solve this problem
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Zorky
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December 06, 2016, 09:00:43 PM |
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Hi all. New pool on the market, pool.northernminers.com, I have successfully point my miner towards it and using Claymore v8.0.
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gaah
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December 06, 2016, 09:07:38 PM Last edit: December 06, 2016, 09:25:06 PM by gaah |
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Hi all. New pool on the market, pool.northernminers.com, I have successfully point my miner towards it and using Claymore v8.0. I use zcash.flypool.org/ mby go over to that one looks good.
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omshree
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December 06, 2016, 09:07:50 PM |
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There are some brilliant ideas about the recent happenings, but there's one big question. Why theres still no Z address without a bug? That alone would solve the situation. No news about the process of getting rid of the bug? But why?
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Donate if you like 1ANALSEXXGMd6HaN6CzQXtURLC5H9TjKoo
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dragonchopper9
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December 06, 2016, 09:20:11 PM |
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It will be hard to move existing pools. After all my experiments, best miner Claymore 8.0, best pool Flypool.
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elzium
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Activity: 96
Merit: 10
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December 06, 2016, 09:21:36 PM |
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Dear All i have VIP issue iam going to made hand power supply to supply all cards I have know how to made it using some Electrical component Transformer 220v-12v AC and then convert it to DC 12v using Bridge and suitable capacitors to give a smooth 12v DC power my elec. circuit give up to 100 A and only i test using only 1 or 2 R9 380 cards which consume low power i face a problem when clymore is run and after readjng cards PC is hanging and go to freeze now i have 2 powers 1 is for MB only and the second (hand made) is for cards. i try to connect both zeros of tow PS without any result my rig is go to hange so i need your feedback if you have any issue to solve this problem
U have great chance of burning ur cards with bright flame as u dont have any short protection. And to smooth out 100A u need like 1F or bigger cap. And if u have 12V transformer u get 15-16V DC. From any angle, very bad idea. But u can always blame Claymore
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IOTUSA
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December 06, 2016, 09:22:42 PM |
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that hash is only 100 rig, sp for example has 100 rig, it could be anyone, many have 100 rig nowadays Carded AWS instances or Botnet also fits. Definitely 100% not ASIC. Even if possible and viable to build it would take the better part of 12-months before it would hit the market if they started dev at launch.
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IOTUSA
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December 06, 2016, 09:23:14 PM |
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It will be hard to move existing pools. After all my experiments, best miner Claymore 8.0, best pool Flypool.
Yeah, it's just had shitty luck lately.
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ghostfaceuk
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December 06, 2016, 09:38:15 PM |
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Hi all. New pool on the market, pool.northernminers.com, I have successfully point my miner towards it and using Claymore v8.0. if thats a brand new pool the hashrate will be very low meaning the chance of block finding and reward will also be low.
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a7med918
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December 06, 2016, 09:58:45 PM |
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Dear All i have VIP issue iam going to made hand power supply to supply all cards I have know how to made it using some Electrical component Transformer 220v-12v AC and then convert it to DC 12v using Bridge and suitable capacitors to give a smooth 12v DC power my elec. circuit give up to 100 A and only i test using only 1 or 2 R9 380 cards which consume low power i face a problem when clymore is run and after readjng cards PC is hanging and go to freeze now i have 2 powers 1 is for MB only and the second (hand made) is for cards. i try to connect both zeros of tow PS without any result my rig is go to hange so i need your feedback if you have any issue to solve this problem
U have great chance of burning ur cards with bright flame as u dont have any short protection. And to smooth out 100A u need like 1F or bigger cap. And if u have 12V transformer u get 15-16V DC. From any angle, very bad idea. But u can always blame Claymore No i have regulator to drop it about 11.9 Volt and 100 A mean the full load Amper cards if i connect about 10 cards and i have Fuse to avoid short ct issue!!
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mewhoyou
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December 06, 2016, 11:19:26 PM |
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Looking at how all the big pools hashrate is going up ... 9.0 seems to be given to the first batch of testers....
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Ethereum the Next Big Thing?
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taylub
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December 06, 2016, 11:37:17 PM |
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Looking at how all the big pools hashrate is going up ... 9.0 seems to be given to the first batch of testers....
implying claymore writes all the miners for the world.
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AltcoinScamfinder
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December 06, 2016, 11:54:22 PM |
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Looking at how all the big pools hashrate is going up ... 9.0 seems to be given to the first batch of testers....
Can't go up too much at this price before people drop off for ETH or simply can't ROI.
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FOR RENT.
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mettalmag
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≡v≡
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December 07, 2016, 12:06:14 AM |
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I get more and more opencl call errors, randomly 1 or 2 rigs get this error every day, total count of rigs 89. If that error was on same rigs I would say that something is wrong with that rig in total, but randomly? It will be hard to move existing pools. After all my experiments, best miner Claymore 8.0, best pool Flypool.
Yeah, it's just had shitty luck lately. not only flypool, I was on coinmine.pl for about a month and last weeks luck is not as good
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elzium
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December 07, 2016, 12:26:29 AM |
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-r -1 dont seem to work, miner shuts down after one card crashes. But no problem with decent clocks, works fine.
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