milkshock100
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Activity: 242
Merit: 14
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December 10, 2017, 01:29:50 PM |
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honey badger looking for a snack
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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BTCMILLIONAIRE
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December 10, 2017, 01:37:47 PM |
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do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?
No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though. |
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Lopumbo
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December 10, 2017, 02:02:27 PM |
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that GDAX fomo buying with a 5% premium just irritates me
bitcoin.de: 12100€, kraken: 12400€, gdax: 13200€
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vroom
Legendary
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Activity: 1302
Merit: 1681
a Cray can run an endless loop in under 4 hours
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December 10, 2017, 02:03:25 PM |
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do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?
No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though. I also read about competitors and forgot the names. One said they have a running product which is better then the s9 and a core dev somehow proved it. but I can't find it anymore... CCMF? |
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BTCMILLIONAIRE
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December 10, 2017, 02:19:18 PM |
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do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?
No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though. I also read about competitors and forgot the names. One said they have a running product which is better then the s9 and a core dev somehow proved it. but I can't find it anymore... CCMF? I just found it again. The Chinese one is called DragonMint and ships in April: https://halongmining.com/shop/dragonmint-16t/The Japanese company is called GMO. I would personally wait for the Japanese ones just to make sure that DragonMint isn't somehow related to Jihan Wu (who could be anticipating a decline in Bitmain's sale due to his BCash garbage and attack on Bitcoin). In the meantime there are going to be enough profits to be made with altcoins and Bitcoin itself. I wouldn't even get miners for making money, but just to support the network and improve decentralization. |
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gentlemand
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Activity: 2590
Merit: 3008
Welt Am Draht
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December 10, 2017, 02:24:43 PM |
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I just found it again. The Chinese one is called DragonMint and ships in April: https://halongmining.com/shop/dragonmint-16t/The Japanese company is called GMO. I would personally wait for the Japanese ones just to make sure that DragonMint isn't somehow related to Jihan Wu (who could be anticipating a decline in Bitmain's sale due to his BCash garbage and attack on Bitcoin). In the meantime there are going to be enough profits to be made with altcoins and Bitcoin itself. I wouldn't even get miners for making money, but just to support the network and improve decentralization. No one should base any plans around waiting for these to happen. One is one prototype. The other is a lovely idea. Bitmain is Bitmain because they actually churn their shit out. |
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milkshock100
Member
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Activity: 242
Merit: 14
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December 10, 2017, 02:27:56 PM |
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Ath incoming
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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December 10, 2017, 02:28:19 PM |
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Welp, taking a vacation from cash trading since kraken is unusable. Withdrew all assets. Damn shame for everyone involved, but there we are.
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Paashaas
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Activity: 3422
Merit: 4342
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December 10, 2017, 02:36:17 PM |
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I wonder how many people sold at the bottom this weekend.
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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December 10, 2017, 02:38:03 PM |
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Welp, taking a vacation from cash trading since kraken is unusable. Withdrew all assets. Damn shame for everyone involved, but there we are.
I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting. Sheeeeeeit.  I'm just not gonna use any exchange until things are running smoothly again. Would not be the least bit surprised over theft and locked accounts and other shit like that. |
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lightfoot
Legendary
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Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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December 10, 2017, 02:39:07 PM |
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do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?
No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though. This is how crazy mining is: People are asking for advice and sending in parts to get Neptunes working. Yes, KNC Neptunes..... C |
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lightfoot
Legendary
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Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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December 10, 2017, 02:39:54 PM |
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Meantime, looks like things are back to normal, where normal seems to mean 15k. That's ok but it would be nice if bitcoin did something.... :-)
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vroom
Legendary
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Activity: 1302
Merit: 1681
a Cray can run an endless loop in under 4 hours
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December 10, 2017, 02:40:50 PM |
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do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?
No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though. I also read about competitors and forgot the names. One said they have a running product which is better then the s9 and a core dev somehow proved it. but I can't find it anymore... CCMF? I just found it again. The Chinese one is called DragonMint and ships in April: https://halongmining.com/shop/dragonmint-16t/The Japanese company is called GMO. I would personally wait for the Japanese ones just to make sure that DragonMint isn't somehow related to Jihan Wu (who could be anticipating a decline in Bitmain's sale due to his BCash garbage and attack on Bitcoin). In the meantime there are going to be enough profits to be made with altcoins and Bitcoin itself. I wouldn't even get miners for making money, but just to support the network and improve decentralization. thanks. I really hope for some competition in this field. |
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ragnar0k
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December 10, 2017, 02:43:09 PM |
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I think If it continues like that sellers will move to the best exchanges, leaving bitstamp et al. with less and less volume
This will probably be the real attack to bitcoin, the full centralization of exchanges (so, I see gemini and coinbase taking the lead soon)
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savetherainforest
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December 10, 2017, 03:09:24 PM |
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Meantime, looks like things are back to normal, where normal seems to mean 15k. That's ok but it would be nice if bitcoin did something.... :-)
Well... it did do something.   Anyway... it is sad that probably common folk with not have time to buy in anymore. Maybe for pennies. First there will be most of the young people, then the old people will be slaves for the young and serve their every need and requirement to dig sh!t holes & stuff. |
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xhomerx10
Legendary
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Activity: 3822
Merit: 7968
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December 10, 2017, 03:18:36 PM |
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Welp, taking a vacation from cash trading since kraken is unusable. Withdrew all assets. Damn shame for everyone involved, but there we are.
I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting. Sheeeeeeit. Oh no Bob. Good luck!  |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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December 10, 2017, 03:23:39 PM |
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 they accept paypal to ... discharge the exchange ? 
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sirazimuth
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Activity: 3346
Merit: 3484
born once atheist
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December 10, 2017, 03:25:38 PM |
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Meantime, looks like things are back to normal, where normal seems to mean 15k. That's ok but it would be nice if bitcoin did something.... :-)
yeah all these spikes and dips of a couple of $grand here and there are so dull and dreary... |
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Torque
Legendary
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Activity: 3542
Merit: 5039
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December 10, 2017, 03:26:14 PM |
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Welp, taking a vacation from cash trading since kraken is unusable. Withdrew all assets. Damn shame for everyone involved, but there we are.
I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting. Sheeeeeeit. This a time delay exploit that the whales traders will be able to use again and again. They will shake people out, and while their fiat cash out is trapped in limbo, the whales will be able to move the market back up and fiat sitting in limbo won't be able to get back in. |
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Meuh6879
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Activity: 1512
Merit: 1011
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December 10, 2017, 03:37:42 PM |
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Source : http://www.zerohedge.com/news/2017-12-09/crypto-cornucopia-part-4-without-it-youre-talking-mad-maxYet we just said that to clean up the market would discover 10%, 20%, 40% fake shares, fake business values, fake pension values, therefore fake GDP values, and fake GDP to Debt ratios, and therefore would perhaps lead to an accurate Debt to GDP of 140%, which would crash the U.S. dollar and possibly the nation.
Would a complete U.S. financial collapse lead to a nuclear war?
And it all goes back to fraud we didn’t stop 20 years ago.
How do you solve the problem?
The only way out without collapse is to build an honest system parallel to the existing system and slowly transfer assets from the rotten, sinking ship to the new one.
The captains of the old ship may not like it, but look at the incentives. No one can tolerate the old ship except the pirate captain; even the crew, the stock traders, don’t want or control it any more. |
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