ZedZedNova
Sr. Member
 Offline
Activity: 475
Merit: 265
Ooh La La, C'est Zoom!
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June 09, 2018, 03:03:45 PM |
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(I am already playing with new chips FYI).
Now that's interesting news. From a recognizable chip producer, or a soon to be (in)famous one? I've got a lone L3+ hashing away, and would like to at least try to get ahead of the coming wave, even if the wave soon overtakes me. |
No mining at the moment.
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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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racebyu
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June 11, 2018, 12:15:31 AM |
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Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.
lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines. I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable. L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal. "Old gen" gear accounted for 3 Terahashes of the network though, before Bitmain started flooding with miners. Thats currently less than 1% of the network, so whoever turned those off no one even felt it. Recent drop is definitely from this gen gear...which looks like its already last gen since its obvious that new gear is already hitting the network (I am already playing with new chips FYI). That is great news! I hope the new chips have a reduction in power of 50% with increases in hashing power of over 100%. jstefanop a pod miner like the old Gridseed units would be killer to start, the USB sticks draw too much power to be run though a hub at higher hash rates over spec. |
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jstefanop
Legendary
Offline
Activity: 2095
Merit: 1396
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June 11, 2018, 06:11:08 AM |
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Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.
lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines. I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable. L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal. "Old gen" gear accounted for 3 Terahashes of the network though, before Bitmain started flooding with miners. Thats currently less than 1% of the network, so whoever turned those off no one even felt it. Recent drop is definitely from this gen gear...which looks like its already last gen since its obvious that new gear is already hitting the network (I am already playing with new chips FYI). That is great news! I hope the new chips have a reduction in power of 50% with increases in hashing power of over 100%. jstefanop a pod miner like the old Gridseed units would be killer to start, the USB sticks draw too much power to be run though a hub at higher hash rates over spec. Unfortunately those days are over. ASICs have caught up with node development at this point so it was not like the fun days of goin from 90->40->28nm. What I can say is the chip itself does under 1W/MH, and im pretty sure I can get pretty close to that with my design. And yes my new miner will be a pod  Hopefully ill have something concrete to announce in the coming weeks. |
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racebyu
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June 11, 2018, 04:49:06 PM |
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Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.
lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines. I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable. L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal. "Old gen" gear accounted for 3 Terahashes of the network though, before Bitmain started flooding with miners. Thats currently less than 1% of the network, so whoever turned those off no one even felt it. Recent drop is definitely from this gen gear...which looks like its already last gen since its obvious that new gear is already hitting the network (I am already playing with new chips FYI). That is great news! I hope the new chips have a reduction in power of 50% with increases in hashing power of over 100%. jstefanop a pod miner like the old Gridseed units would be killer to start, the USB sticks draw too much power to be run though a hub at higher hash rates over spec. Unfortunately those days are over. ASICs have caught up with node development at this point so it was not like the fun days of goin from 90->40->28nm. What I can say is the chip itself does under 1W/MH, and im pretty sure I can get pretty close to that with my design. And yes my new miner will be a pod Hopefully ill have something concrete to announce in the coming weeks. I will surely be interested in any future pod miner you will be releasing! Hum that is surprising, I know the chip size has been reduced and power savings will not be as dramatic but hoped we might be in the 0.7W/MH range? The current L3+ with stock setting voltage setting is around 1.6W/MH and you can turn down the board voltage and get around 1.3W/MH so 500Mhs@650 watts. So our future power saving with new chip design would be around 30% overall? I see that each next generation of chips will even have less power savings overall. |
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Sandal_Hat
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June 12, 2018, 09:13:14 PM |
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LTC under 100 dollars omg
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Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
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madmartyk
Legendary
Offline
Activity: 2674
Merit: 1030
Yes I am a pirate, 300 years too late!
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June 12, 2018, 09:35:17 PM |
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LTC under 100 dollars omg
It can go back under $10 for all I care!! |
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jchi2210
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June 12, 2018, 11:55:57 PM |
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LTC under 100 dollars omg
It can go back under $10 for all I care!! I sure hope not.. Istill have 1 L3+ left lol, what do you guys think I should do with it at this point?? Sell it, mine with it (hot where I am), or HODL it and see if the market recovers? |
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lestherat
Legendary
Offline
Activity: 986
Merit: 1001
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June 13, 2018, 09:50:33 AM |
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BITMAIN are you here ? is it true ? L3+ became a doorstop ? hahahah
Income: $2.52/ day
El cost: $1.91/day at $0.10/ KWh
Profit : $0.61/day
If you pay administrations fees in the farm as 99% of the farms ask then there is no profit you pay from your pocket.
If you are in Europe you already disconnected and you use the L3+ as doorstop
What a nice investment ...... watch out you will not have space in your house to put so much money $$$$$$$$$$$$$$$$$$$$$$$$$$
Congrats BITAMAIN
People please listen to this guy STOP BUYING L3+ or L3++ Dont buy more, is waste of money, i regret buying this fucking doorstops at 1 Btc each a year ago, i should keep my BTC or my 40 Ltc, is a joke, you never recover your money with Bitmain. STOP BUYING L3+ units, is not proffitable anymore. You pay more for electricity than what you mine. |
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Sandal_Hat
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June 13, 2018, 10:00:48 AM |
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LTC under 100 dollars omg
It can go back under $10 for all I care!! Dang, u are evil my fren |
Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
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Sandal_Hat
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June 13, 2018, 10:01:49 AM |
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BITMAIN are you here ? is it true ? L3+ became a doorstop ? hahahah
Income: $2.52/ day
El cost: $1.91/day at $0.10/ KWh
Profit : $0.61/day
If you pay administrations fees in the farm as 99% of the farms ask then there is no profit you pay from your pocket.
If you are in Europe you already disconnected and you use the L3+ as doorstop
What a nice investment ...... watch out you will not have space in your house to put so much money $$$$$$$$$$$$$$$$$$$$$$$$$$
Congrats BITAMAIN
People please listen to this guy STOP BUYING L3+ or L3++ Dont buy more, is waste of money, i regret buying this fucking doorstops at 1 Btc each a year ago, i should keep my BTC or my 40 Ltc, is a joke, you never recover your money with Bitmain. STOP BUYING L3+ units, is not proffitable anymore. You pay more for electricity than what you mine. Yep, it was good until they halved price and flood market. I hear rumours that bitmain will change their name to bitwin, because they win too much |
Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
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Goool
Jr. Member
Offline
Activity: 182
Merit: 2
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June 13, 2018, 05:41:56 PM |
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BITMAIN are you here ? is it true ? L3+ became a doorstop ? hahahah
Income: $2.52/ day
El cost: $1.91/day at $0.10/ KWh
Profit : $0.61/day
If you pay administrations fees in the farm as 99% of the farms ask then there is no profit you pay from your pocket.
If you are in Europe you already disconnected and you use the L3+ as doorstop
What a nice investment ...... watch out you will not have space in your house to put so much money $$$$$$$$$$$$$$$$$$$$$$$$$$
Congrats BITAMAIN
People please listen to this guy STOP BUYING L3+ or L3++ Dont buy more, is waste of money, i regret buying this fucking doorstops at 1 Btc each a year ago, i should keep my BTC or my 40 Ltc, is a joke, you never recover your money with Bitmain. STOP BUYING L3+ units, is not proffitable anymore. You pay more for electricity than what you mine. lestherat if people were listening they wouldn't cry now. |
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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June 14, 2018, 06:58:34 AM |
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Well, I have a month to month lease at the old data hall, seems I can get out with 1/2 month on this months contract. So all my 16+ equiv in L3+'s will be going off this Friday, June 15th, 2018. what the heck it has been a good run, even if BTC drops back down to $1k USD. I still retired 3 years early and that can still work out fine, till I take my traditional investments and soc security (if I choose) at that time (66 years). Of course at this current rate and drop to price...if it did hit 1k again usd, I'd not have any BTC yet, but then again...not working 3 years early works too. Hopefully, all of crypto does not go tulips, but whatever. I'm out of mining now. at today's current LTC price of $95.00 USD. so a NEG -$239.88 LOSS per month on my 8,000mh of L3+ mining...don't make any sense. We need about $200 LTC IMHO, mainly due to new scrypt-pow machines coming online (likely Bitmain) still no dip in difficulty... https://bitcoinwisdom.com/litecoin/difficulty so again, looks to me like the new generation of equipment (pow-scrypt) ... hitting the world at the same time as this massive all crypto price dump.....not good...indeed.... again, IMHO, Bitmain. FML. WHY...is seen below in what is going on with my equipment Neg -$0.49 USD per day or Neg -$14.63 a month in the hole. 24 hours 0.02316153 LTC 2.20 USD 2.69 USD -0.49 USD 7 days 0.16213072 LTC 15.40 USD 18.82 USD -3.41 USD 30 days 0.69484592 LTC 66.01 USD 80.64 USD -14.63 USD My total for 8,000mh and 12,800 watts with eguiv to 16 L3+'s (4 L3's so really 18 units) comes out to be below at $95 USD LTC 24 hours 0.37058449 LTC 35.21 USD 43.01 USD -7.80 USD 7 days 2.59409145 LTC 246.44 USD 301.06 USD -54.62 USD 30 days 11.11753477 LTC 1056.17 USD 1290.24 USD -234.07 USD So pulling the plug, I'm out Friday 15th, 2018. All are shutting down from pow-scrypt mining. Can't afford $234.07 buck loss a month and not gonna get any better. Right now what I am doing with above charts, with a 500mh 800 watt bitmain L3+ after electric costs and data hall fees per L3+ at $95 USD LTC As you can see above, NOT really worth running them for the rest of this month, so having an out, I'm out. So the plug is pulled, enjoy my small contribution to reducing the difficulty of LTC (not that it is gonna manner) (waving, as I boat away from the Titanic ) brad |
Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:) |
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Goool
Jr. Member
Offline
Activity: 182
Merit: 2
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June 14, 2018, 08:23:55 AM |
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When you see BITMAIN to start to give coupons the next day you have to list your miner for sale in Ebay..... and start searching for the next project...
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Sandal_Hat
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June 14, 2018, 01:31:48 PM |
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When you see BITMAIN to start to give coupons the next day you have to list your miner for sale in Ebay..... and start searching for the next project...
When your miner is worth half the price because the manufacturer halve the price ..... insert wtf-face.gif |
Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
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deathland113
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June 14, 2018, 02:11:47 PM |
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do you think I should pull off my L3+ now?
it almost brings me nothing after expensive even some lossless too
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BenRickert
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June 14, 2018, 02:54:02 PM |
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do you think I should pull off my L3+ now?
it almost brings me nothing after expensive even some lossless too
Unless you are just trying to accumulate LTC and build a position at these price levels i would. Even then, if you're acquiring LTC through mining it at any type of loss I would think you're better off just buying it on the open market than suffering the mining process for the same result. To own LTC. The moment any of my miners go break even I turn them off and sit tight. Things always change in this space. I had D3's off for more than 2 months and they came back. |
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BenRickert
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June 14, 2018, 02:59:02 PM |
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Well, I have a month to month lease at the old data hall, seems I can get out with 1/2 month on this months contract. So all my 16+ equiv in L3+'s will be going off this Friday, June 15th, 2018. what the heck it has been a good run, even if BTC drops back down to $1k USD. I still retired 3 years early and that can still work out fine, till I take my traditional investments and soc security (if I choose) at that time (66 years). Of course at this current rate and drop to price...if it did hit 1k again usd, I'd not have any BTC yet, but then again...not working 3 years early works too. Hopefully, all of crypto does not go tulips, but whatever. I'm out of mining now. at today's current LTC price of $95.00 USD. so a NEG -$239.88 LOSS per month on my 8,000mh of L3+ mining...don't make any sense. We need about $200 LTC IMHO, mainly due to new scrypt-pow machines coming online (likely Bitmain) still no dip in difficulty... https://bitcoinwisdom.com/litecoin/difficulty so again, looks to me like the new generation of equipment (pow-scrypt) ... hitting the world at the same time as this massive all crypto price dump.....not good...indeed.... again, IMHO, Bitmain. FML. WHY...is seen below in what is going on with my equipment Neg -$0.49 USD per day or Neg -$14.63 a month in the hole. 24 hours 0.02316153 LTC 2.20 USD 2.69 USD -0.49 USD 7 days 0.16213072 LTC 15.40 USD 18.82 USD -3.41 USD 30 days 0.69484592 LTC 66.01 USD 80.64 USD -14.63 USD My total for 8,000mh and 12,800 watts with eguiv to 16 L3+'s (4 L3's so really 18 units) comes out to be below at $95 USD LTC 24 hours 0.37058449 LTC 35.21 USD 43.01 USD -7.80 USD 7 days 2.59409145 LTC 246.44 USD 301.06 USD -54.62 USD 30 days 11.11753477 LTC 1056.17 USD 1290.24 USD -234.07 USD So pulling the plug, I'm out Friday 15th, 2018. All are shutting down from pow-scrypt mining. Can't afford $234.07 buck loss a month and not gonna get any better. Right now what I am doing with above charts, with a 500mh 800 watt bitmain L3+ after electric costs and data hall fees per L3+ at $95 USD LTC As you can see above, NOT really worth running them for the rest of this month, so having an out, I'm out. So the plug is pulled, enjoy my small contribution to reducing the difficulty of LTC (not that it is gonna manner) (waving, as I boat away from the Titanic ) brad Smart move. Sit tight brother. Things always change. It'll likely be while, but this "culling of the herd" is exactly what is needed. Soon "Crypto Mining" will be a dirty word and everyone will only speak it in hushed tones and dark alleys. Then....and only then can we come from hiding and Hash again. |
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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June 14, 2018, 03:30:31 PM |
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do you think I should pull off my L3+ now?
it almost brings me nothing after expensive even some lossless too
well, for me at $95 bucks it was costing me around 2.49 LTC a month LOSS...with 8000mh 18 bitmain Miners (4 L3's and 14 L3+'s for equiv of 16 L3+'s in hash and power) Thus that boat don't float... I suppose I could flip them back on here in 2 weeks or so..but it is not likely that will work with what I see on bitcoinwisdom https://bitcoinwisdom.com/litecoin/difficulty not dropping yet... well we will see...but for a small miner say with One L3+ or some such....yeah..you could take a chance and let it run some...in my case I'm on a month to month and was allowed to shut it off 2 weeks early I suppose mainly in that ..I was not making any money, and the data hall was just gaining heat for no reason and they probably needed to take some electrical load off as a result. win/win. As to what I think we need for an LTC price (as an example of pow-scrypt) to make this worth turning back on I'd need $1.60 USD to make over a buck a day per L3+ ($1.02) big whoop....so the odds of that happening are not good indeed! So the odds of me picking up another month for the great big $30.54 after electric I would gain below...yeah, doubtful... what we really need is $200 LTC ....still lousy but I'd think about it some...just for the 'hope' factor...(a guy has to have standards....) 24 hours 0.02316153 LTC 3.71 USD 2.69 USD 1.02 USD 7 days 0.16213072 LTC 25.94 USD 18.82 USD 7.12 USD 30 days 0.69484592 LTC 111.18 USD 80.64 USD 30.54 USD And as I stated before. I think (see above bitcoinwisdom) that bitmain is popping out new miners or we would have seen difficulty dump by now..though to be fair..that just increases the difficulty or keeps it from dumping...so makes little the difference in my case..either/or the Bitmain L3+'s had to be shut down. by the end of the summer at this rate bitmain could be the only one mining pow-scrypt with new equip this summer touting the need to replace all your pow-scrypt miner needs with their Oct 2018 pre-orders (my heart races at the prospect..NOT!) sheesh...weird times...hopefully I'm dead wrong and turn my miners on again by the end of this month (I also have the hope of being Natalie Portman's Love Puppet...I figure the odds are pretty much the same!) later Brad |
Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:) |
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makerain
Newbie
Offline
Activity: 42
Merit: 0
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June 14, 2018, 03:59:42 PM |
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I took ,ine the the dump and enjoyed throwing them and seeing them smashed to bits..
@Fuck Bitman
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madmartyk
Legendary
Offline
Activity: 2674
Merit: 1030
Yes I am a pirate, 300 years too late!
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June 14, 2018, 04:02:05 PM |
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I took ,ine the the dump and enjoyed throwing them and seeing them smashed to bits..
@Fuck Bitman
I call bullshit, no one is stupid enough to smash a miner that they can sell. |
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