Bitcoin Forum
December 07, 2016, 10:52:33 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: What type of pool payouts do you prefer?
Bitcoins - 3160 (80.5%)
Bank transfer / USD - 407 (10.4%)
Gold/silver coins and bars - 359 (9.1%)
Total Voters: 3924

Pages: « 1 ... 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 [806] 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 ... 1105 »
  Print  
Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3928799 times)
Mudbankkeith
Hero Member
*****
Offline Offline

Activity: 868



View Profile
March 30, 2014, 11:26:45 AM
 #16101

Who is selling such large volumes of BTC and forcing the price so low?

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
1481107953
Hero Member
*
Offline Offline

Posts: 1481107953

View Profile Personal Message (Offline)

Ignore
1481107953
Reply with quote  #2

1481107953
Report to moderator
1481107953
Hero Member
*
Offline Offline

Posts: 1481107953

View Profile Personal Message (Offline)

Ignore
1481107953
Reply with quote  #2

1481107953
Report to moderator
1481107953
Hero Member
*
Offline Offline

Posts: 1481107953

View Profile Personal Message (Offline)

Ignore
1481107953
Reply with quote  #2

1481107953
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481107953
Hero Member
*
Offline Offline

Posts: 1481107953

View Profile Personal Message (Offline)

Ignore
1481107953
Reply with quote  #2

1481107953
Report to moderator
1481107953
Hero Member
*
Offline Offline

Posts: 1481107953

View Profile Personal Message (Offline)

Ignore
1481107953
Reply with quote  #2

1481107953
Report to moderator
1481107953
Hero Member
*
Offline Offline

Posts: 1481107953

View Profile Personal Message (Offline)

Ignore
1481107953
Reply with quote  #2

1481107953
Report to moderator
tommymal83
Newbie
*
Offline Offline

Activity: 29


View Profile
March 30, 2014, 11:51:57 AM
 #16102

maybe the chinese hav'nt they just finished the testing stage of there s2 Huh?? Huh
amspir
Member
**
Offline Offline

Activity: 112


View Profile
March 30, 2014, 11:53:45 AM
 #16103

Who is selling such large volumes of BTC and forcing the price so low?

It is yet another "China will ban bitcoin" rumor.   China is responsible for a significant part of the speculation market in bitcoin.
The Avenger
Hero Member
*****
Offline Offline

Activity: 798



View Profile
March 30, 2014, 12:54:25 PM
 #16104

Who is selling such large volumes of BTC and forcing the price so low?
KNC are flooding the market with coins from their massive datacentre on a daily basis

https://bitcointalk.org/index.php?topic=170332.msg5872330;topicseen#msg5872330

Assholes  Angry

In case you haven't seen the pictures of their datacentre yet:


"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
Datelli
Newbie
*
Offline Offline

Activity: 19


View Profile
March 30, 2014, 12:56:02 PM
 #16105


Biggest threat is from these 'unknowns' like https://blockchain.info/blocks/137.117.202.26 - seems to have 8PT+

That IP address is owned by Microsoft.

Just something to keep in mind, blockchain records the node that first relayed the transaction to them.  It doesn't really know who originated the transaction.   Blocks mined from known public pools are marked that way, usually because blockchain attempts to stay in connection with them, and secondly, because most pools inscribe an ID sequence in the block.


That's correct.  It does look like that the person solving the block is the same person since the Coinbase signatures follow a similar pattern.  Not necessarily Microsoft of course since that owned IP is simply relaying, but seems rather odd that the same IP is relaying so many blocks.  Maybe it is a strategy for a big miner to hide their mining farm.  However, I don't know if it's possible to force your solved blocks to always be relayed first by the same IP.  Anyone have any information on this?

Maybe it's this guy / organisation:


[/list][/list]
Gyrsur
Legendary
*
Offline Offline

Activity: 1498


#BEL+++++


View Profile WWW
March 30, 2014, 03:48:56 PM
 #16106

Who is selling such large volumes of BTC and forcing the price so low?
KNC are flooding the market with coins from their massive datacentre on a daily basis

https://bitcointalk.org/index.php?topic=170332.msg5872330;topicseen#msg5872330

Assholes  Angry

In case you haven't seen the pictures of their datacentre yet:






^^THIS!!

Mudbankkeith
Hero Member
*****
Offline Offline

Activity: 868



View Profile
March 30, 2014, 04:16:17 PM
 #16107

Who is selling such large volumes of BTC and forcing the price so low?
KNC are flooding the market with coins from their massive datacentre on a daily basis

https://bitcointalk.org/index.php?topic=170332.msg5872330;topicseen#msg5872330

Assholes  Angry

In case you haven't seen the pictures of their datacentre yet:




What is the U1/U2 equivalence factor?

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
finbad2
Newbie
*
Offline Offline

Activity: 17


View Profile
March 30, 2014, 04:39:12 PM
 #16108

price of bitcoin crashing is a good thing,  "BIG"  miners will have to shut down until the price improves, at $135 the mongo outfit above just cannot be making money, (just like real world gold and diamond miners do) , which gives the little fish (like me) more chance to mine with their obsolete hardware. As in the real world, when the price improves, as in the real world anywhere from 1 to 15 years from now, they can start up again. 

WOW, and i thought my $1000 spent was risky.....

imho.
Gyrsur
Legendary
*
Offline Offline

Activity: 1498


#BEL+++++


View Profile WWW
March 30, 2014, 05:36:22 PM
 #16109

price of bitcoin crashing is a good thing,  "BIG"  miners will have to shut down until the price improves, at $135 the mongo outfit above just cannot be making money, (just like real world gold and diamond miners do) , which gives the little fish (like me) more chance to mine with their obsolete hardware. As in the real world, when the price improves, as in the real world anywhere from 1 to 15 years from now, they can start up again.  

WOW, and i thought my $1000 spent was risky.....

imho.

they will not go offline until they have a minus income without hardware costs. the only reason for them to switch it off are constant losses (btc price - energy costs).

necro_nemesis
Full Member
***
Offline Offline

Activity: 224


View Profile
March 30, 2014, 06:25:14 PM
 #16110

They might sell the equipment off if they feel the currency will continue to decline and try and leave someone else holding the bag on unprofitable hardware.
finbad2
Newbie
*
Offline Offline

Activity: 17


View Profile
March 30, 2014, 08:11:13 PM
 #16111

frankly

at this point in time

the chumps that bought it to that monstrosity are holding the bag


tommymal83
Newbie
*
Offline Offline

Activity: 29


View Profile
March 30, 2014, 11:36:46 PM
 #16112

Hi guys just wondering if someone can advise me, i withdrew part of a bitcoin to my wallet for the first time, a few days ago,
and its up to 133 confirmed, its showing a balance, but no balance in the unconfirmed as 0.000btc, and in transactions the logo is grayed out,
am i doing something wrong to need so many confirmations.......thanks
necro_nemesis
Full Member
***
Offline Offline

Activity: 224


View Profile
March 30, 2014, 11:53:34 PM
 #16113

frankly

at this point in time

the chumps that bought it to that monstrosity are holding the bag




I don't think it's that simple. Imagine your able to mine as inexpensively as anyone in the world through producing your own rigs at cost on other peoples money. Now also imagine you produce enough bitcoin to be able to control the price of BTC by selling it on the market. You not only can mine for less than anyone else but you can also drive the price down to where no one else wants to compete and tweak that price as you see fit to achieve your aim by selling or stockpiling BTC.
Searing
Legendary
*
Offline Offline

Activity: 1190


Escrow Service.


View Profile
March 31, 2014, 12:07:56 AM
 #16114

frankly

at this point in time

the chumps that bought it to that monstrosity are holding the bag




I don't think it's that simple. Imagine your able to mine as inexpensively as anyone in the world through producing your own rigs at cost on other peoples money. Now also imagine you produce enough bitcoin to be able to control the price of BTC by selling it on the market. You not only can mine for less than anyone else but you can also drive the price down to where no one else wants to compete and tweak that price as you see fit to achieve your aim by selling or stockpiling BTC.

not to mention cooling is not an option there in the facebook data center area of the ice bank of Greenland or whatever...and you are getting thermal energy converted to elec at like 1 cent per kwh or some such..and as stated above you control all the mnfg from say KNC in units into your GH Hosting farm and thus get all equip at what it cost to make...(at least in KNC's case)

ie this is why i dumped my Neptune....hard to see how i could get more $$$ on mining with Neptune (by the time i got it)  then just buying coin looking at the fact my main competition was probably the guy that sold me the unit!!!!!...KNC likely was told imho from their chip guys that no way 20mm could they get it out fast enough with difficulty rise to make a product and get it to the customer ..they could however make 28mm stuff for themselves and get a farm ..a very large farm...and mine themselves...seems to be working I heard they we're making like ....well can't remember but it was obscene amount of coin per day..

now that small miner physical miners are likely dead....we now will move on to "virtual miners' ............................me don't think that is gonna work to good.....duh

but yeah they can run coin way way down and still make a tidy sum imho (not to mention most of these farms were 'started' when coin was 1K usd or so....they will at least
complete whatever is in the pipeline out their in private GH farm stuff imho.this is all vendors of this type not just knc.....that will take like couple months..then if btc price is still low...you will see a big drop off of equip in my view...the big miners will slow or halt expansion (in knc's case they wanted to put up 3 giant farms..they likely will stall on last 2 if above correct) and the GPU guys or people running 60g singles from BFL or whatever will drop off the other end

of course no equip will be available to us....but hey....

at this point the miracle of "virtual mining" will be released .....i shudder in anticipation

Searing

necro_nemesis
Full Member
***
Offline Offline

Activity: 224


View Profile
March 31, 2014, 12:38:25 AM
 #16115

I think mining will come down to a leap of faith with these giants having their fill. The mining equipment you have will eventually barely cover it's weight in hydro but people may continue hoping to see a rise in BTC once dumping new coin ceases. Hardware will drop to minimal margins and likely amount to large clusters of the handful of cost efficient ASICs. We'll probably see some cloning or reverse engineering of those ASICs as well making R&D investment questionable and further leveling the ASIC market. There's no honor amongst thieves. The size of rigs will likely be a function of how many amps can be drawn from a household circuit more than any other factor. If there's any interest left in selling hardware the dumping will be limited to ensure BTC covers average hydro and leaves minimal incentive to mine over buy BTC.

It's kind of depressing that this all comes on the backs of people supporting the future of the currency and holding it's value up. In some ways I'd like to see it tank enough to shatter these guys and bring some caution into mining at large scale. Then little guys will have a chance with cheap hardware floating around at bringing BTC back up sensibly.
Mblackout
Full Member
***
Offline Offline

Activity: 145

BitRoll


View Profile
March 31, 2014, 12:59:25 AM
 #16116

Welcome to the Arms Race of Mining Smiley   chips will draw less power and be more powerful.  I dont understand why people today still buy ant miners.  Too much power consumption for the return. 

Anyway..   Too many long blocks......
necro_nemesis
Full Member
***
Offline Offline

Activity: 224


View Profile
March 31, 2014, 01:10:07 AM
 #16117

Low BTC price is going to slow development and we've all been well schooled on the pitfalls of pre-sales to fund advancement sold as being for our benefit. With physics coming into play now that ASIC designers are not discounting efficiency in the latest round of designs, I'm not so certain technical leaps and bounds are going to be the next solution. Economics of mining will take on a different perspective IMHO and these large operations have a greater effect than a new ASIC. It would have to be profoundly better than all these makers are independently achieving.
nybbler905
Full Member
***
Offline Offline

Activity: 213



View Profile
March 31, 2014, 01:11:46 AM
 #16118

Hi guys just wondering if someone can advise me, i withdrew part of a bitcoin to my wallet for the first time, a few days ago,
and its up to 133 confirmed, its showing a balance, but no balance in the unconfirmed as 0.000btc, and in transactions the logo is grayed out,
am i doing something wrong to need so many confirmations.......thanks
1) back up your wallet.dat to a thumb drive and name it something simple and obvious like ' BTCWallet.dat.encripted '
2) close and restart your wallet
3) you didn't say what OS or version of Bitcoin wallet you are using, download the latest version AFTER killing the current one you have ( but not the wallet.dat or block chain info ) and try that.

Always looking for donations even as low as 1uBTC
14XfpYPdtYiGoEiDcKrSzuvBM3ukhwANUh - BTC
LS7FEfu9ajp3NQcDjui9TSKscwQesj9i8k - LTC
LHe9g5ixMyfdtqAEHU5vErG1eQrDshBFRW -Luckycoin
BoogieMan82
Jr. Member
*
Offline Offline

Activity: 42

Computer Nerd


View Profile WWW
March 31, 2014, 01:47:48 AM
 #16119

I'm personally fine with the dip.  Bitcoins are a currency and/or a long term investment. When Microtraders with huge stacks of Bitcoins finally get out, things will stabilize.

Now... to deal with the luck we have been having... lol!

getfreebitcoins.us || boogiewu on #bitcoin-otc
Mblackout
Full Member
***
Offline Offline

Activity: 145

BitRoll


View Profile
March 31, 2014, 02:31:34 AM
 #16120

I'm personally fine with the dip.  Bitcoins are a currency and/or a long term investment. When Microtraders with huge stacks of Bitcoins finally get out, things will stabilize.

Now... to deal with the luck we have been having... lol!

+10000000000000   on the luck...  need to get back on a roll,   just when we start its like we hit a 20 hr block.   ugggggg
Pages: « 1 ... 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 [806] 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 ... 1105 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!