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Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4381856 times)
bobsav2121
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August 14, 2014, 03:28:10 PM
 #17741

I think the " summer doldrums " MAY have something to do with this.  After all my feeling is the the " young" crowd is a moving force behind this and they are all
at the beach partying.  Once labor day comes around and "vacations are over I think it will rebound. ( I hope ) but unless BTC goes high and stays high, home mining will be in trouble.
JMHO

Bob
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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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Billbags
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August 14, 2014, 03:38:30 PM
Last edit: August 14, 2014, 03:57:18 PM by Billbags
 #17742

It all adds in there, but most people I know sold a lot last month so they could buy at this month's prices. Around July 24 we got a good indication of low prices that would start and stay through August. Most of us sold. It's almost time to start the buying again. And I'm ready. Once the buying starts, it will stimulate the market with all the buying transactions of the non-hoarded coins and that will help drive the price back up, mabey even higher than it was.

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
bobsav2121
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August 14, 2014, 04:13:29 PM
 #17743

It all adds in there, but most people I know sold a lot last month so they could buy at this month's prices. Around July 24 we got a good indication of low prices that would start and stay through August. Most of us sold. It's almost time to start the buying again. And I'm ready. Once the buying starts, it will stimulate the market with all the buying transactions of the non-hoarded coins and that will help drive the price back up, mabey even higher than it was.

I was looking thru the blockchain last night and there were a LOT of big $$ transactions, I'm talking 5 and 6 figure, a lot more than I've ever seen before.

Bob
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August 14, 2014, 04:14:31 PM
 #17744

It seems because of difficulty is going up and in the same time now bitcoin price is going down AntMiner S1 will be worthless to run sooner rather then later...
Only good possibility is in cold winter to overclock them if your electricity is "free"... you can use them as electrical heater in the same time...  Roll Eyes

You can upgrade your S1 to be just as fast and same efficiency as the S3 for .46 btc.

https://bitmaintech.com/productDetail.htm?pid=0002014081313175081722f1GeUO063F

JT

From their home page:

The sale of S1 Upgrade Kit is 0.46 BTC each including international shipping, which starts on September 20th or earlier.

Now do your math...The next ~25% diff. increase in a few days plus 2 more until you get your kit (assuming on time delivery 9/20). So diff. at about 29,000,000,000
Daily BTC before expenses around 0.0076 then, after power cost (10c Kwh) thats $2.98/day...for about 2 weeks then next diff. increase.

You are paying about $250 (using today's low exchange rate) to mine slightly more than double than you get with an over clocked
S1 now. OK, some power savings but not huge. So the question is how much did you pay for the S1? If you got it for next to nothing
this upgrade can be a good deal. If you bought if for over $250 like a month ago you are now in for $500 and will likely only break even (if at all)
after 6 months or more.  

If BTC goes over $650 again things look a lot better. Over $1,000 and hurrah!

 
                                . ██████████.
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       ..████████████████████████████████████████████████████████████..
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Billbags
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August 14, 2014, 05:00:19 PM
Last edit: August 14, 2014, 09:21:48 PM by Billbags
 #17745

It all adds in there, but most people I know sold a lot last month so they could buy at this month's prices. Around July 24 we got a good indication of low prices that would start and stay through August. Most of us sold. It's almost time to start the buying again. And I'm ready. Once the buying starts, it will stimulate the market with all the buying transactions of the non-hoarded coins and that will help drive the price back up, mabey even higher than it was.

I was looking thru the blockchain last night and there were a LOT of big $$ transactions, I'm talking 5 and 6 figure, a lot more than I've ever seen before.

Bob

Good job Bob, it looks like some big players were creating a quick flash crash, buy selling so much at the same time so they could buy today/tomorrow at a really cheap price. The ritch keep getting ritcher it seems, they don't care who or what they hurt. It would be nice to figure out who they are and get VOD all over those guys!!!!

http://www.cryptocoinsnews.com/news/happened-bitcoin-price-bitfinex-today/2014/08/14?utm_source=rss&utm_medium=rss&utm_campaign=happened-bitcoin-price-bitfinex-today

^Methods used in bitcoin trading. Please note there are different ways to trade Bitcoin. Not everyone trades how we are used to on the normal exchanges.


Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
jterry211
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August 14, 2014, 05:20:07 PM
Last edit: August 14, 2014, 07:58:55 PM by jterry211
 #17746

It seems because of difficulty is going up and in the same time now bitcoin price is going down AntMiner S1 will be worthless to run sooner rather then later...
Only good possibility is in cold winter to overclock them if your electricity is "free"... you can use them as electrical heater in the same time...  Roll Eyes

You can upgrade your S1 to be just as fast and same efficiency as the S3 for .46 btc.

https://bitmaintech.com/productDetail.htm?pid=0002014081313175081722f1GeUO063F

JT

From their home page:

The sale of S1 Upgrade Kit is 0.46 BTC each including international shipping, which starts on September 20th or earlier.

Now do your math...The next ~25% diff. increase in a few days plus 2 more until you get your kit (assuming on time delivery 9/20). So diff. at about 29,000,000,000
Daily BTC before expenses around 0.0076 then, after power cost (10c Kwh) thats $2.98/day...for about 2 weeks then next diff. increase.

You are paying about $250 (using today's low exchange rate) to mine slightly more than double than you get with an over clocked
S1 now. OK, some power savings but not huge. So the question is how much did you pay for the S1? If you got it for next to nothing
this upgrade can be a good deal. If you bought if for over $250 like a month ago you are now in for $500 and will likely only break even (if at all)
after 6 months or more.  

If BTC goes over $650 again things look a lot better. Over $1,000 and hurrah!

I realize the economics behind it all i was just saying.  I guess i forget sometimes i dont pay for power. Wink I use solar / power and cooling from my server room at work.

JT
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August 14, 2014, 10:17:08 PM
 #17747

Free power or not if there is no work then no one is making money.

JT
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August 15, 2014, 12:49:13 AM
 #17748

Free power or not if there is no work then no one is making money.

JT

 how would there be no work?

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
TvaiX
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August 15, 2014, 08:36:33 AM
 #17749

It seems because of difficulty is going up and in the same time now bitcoin price is going down AntMiner S1 will be worthless to run sooner rather then later...
Only good possibility is in cold winter to overclock them if your electricity is "free"... you can use them as electrical heater in the same time...  Roll Eyes

You can upgrade your S1 to be just as fast and same efficiency as the S3 for .46 btc.

https://bitmaintech.com/productDetail.htm?pid=0002014081313175081722f1GeUO063F

JT

I forgot about this option, because I did not like it. Not taking in mind that it will ship in 20/9 maybe, I`m located in eastern Europa and fastest I something receive from China is 3weeks, sometimes even almost 2 mount with economy shipping.
But, what there is in package, how I understand I can buy russbery pi those boards to run and not disassemble S1. And mine idea what I concern about is that S3 has shell what directs air. S1 does not, its huge difference in my mind.
Billbags
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August 15, 2014, 09:13:54 AM
 #17750

https://bitcointalk.org/index.php?topic=671189.5260

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
bozo333
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August 15, 2014, 12:52:47 PM
 #17751

New record hashing power at Slush's?

Today the hash power is 5785484.687 but I have seen 58+... is this record territory?

Just wondering if the new SP30's coming online might be an explanation.

 
                                . ██████████.
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       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
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Fieel
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August 15, 2014, 01:57:32 PM
 #17752

Just started mining here. My first time ever, with a Raspberry Pi and a single Antimer with 2 Gh/s.  Grin Grin Grin
alh
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August 15, 2014, 04:22:44 PM
 #17753

Just started mining here. My first time ever, with a Raspberry Pi and a single Antimer with 2 Gh/s.  Grin Grin Grin

Congratulations!!! A journey of TerraHash, begins with but a single GigaHash (or something like that).

 Smiley  Smiley  Smiley
Searing
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August 15, 2014, 05:22:59 PM
 #17754



heh....87% luck for the month ...47% luck for today...it is like Slush's Pool is screaming down the freeway at high speed

LOST...

but damn we are making good time in the wrong direction! Smiley

Searing

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!:)
starsoccer9
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August 15, 2014, 05:29:34 PM
 #17755

Hopefully we can get a bit higher to 100%.

Just curious but does anyone know why slush stopped with mergemining?
kkurtmann
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August 15, 2014, 06:16:35 PM
 #17756

Hopefully we can get a bit higher to 100%.

Just curious but does anyone know why slush stopped with mergemining?

If you search back in this thread, you can find out for yourself. But iirc it is because namecoin is not supported by the devs anymore.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
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August 15, 2014, 07:40:33 PM
 #17757

Just started mining here. My first time ever, with a Raspberry Pi and a single Antimer with 2 Gh/s.  Grin Grin Grin

Congratulations!!! A journey of TerraHash, begins with but a single GigaHash (or something like that).

 Smiley  Smiley  Smiley

Ahah, thank you!  Cheesy Cheesy
kkurtmann
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August 16, 2014, 12:35:33 AM
 #17758

at least the BTC to USD price is dropping enough to make some people stop using their old unprofitable hardware now

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
dbbrummel
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August 16, 2014, 02:08:08 PM
 #17759

Hopefully we can get a bit higher to 100%.

Just curious but does anyone know why slush stopped with mergemining?

If you search back in this thread, you can find out for yourself. But iirc it is because namecoin is not supported by the devs anymore.

Speaking of merged mining, I have been balancing between Slush and Ghash. Now I have like 200 Devcoins. What the heck can you do with Devcoins?
nocroom
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August 16, 2014, 02:18:21 PM
 #17760

I like to know when the new design is coming out

https://www.facebook.com/MiningBitcoinCz/photos/pb.281453778607382.-2207520000.1408198667./609727049113385/?type=3&theater

Check out this blog if you want free bitcoins https://bitcoinvest.cc/how-to-get-free-bitcoins-fast
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