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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3857699 times)
justinwnewton
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August 13, 2014, 07:48:20 PM
 #17781

Another > 24 hours bi.ch block..
Just today when I am testing new miners ..Sad

Yeah, well... I got my miners up and running and connected to the pool for the first time...

on block 22604 .

At this rate my payback will be sometime after the sun explodes and consumes the earth.


Justin
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Mudbankkeith
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August 13, 2014, 08:04:19 PM
 #17782

Another > 24 hours bi.ch block..
Just today when I am testing new miners ..Sad

Yeah, well... I got my miners up and running and connected to the pool for the first time...

on block 22604 .

At this rate my payback will be sometime after the sun explodes and consumes the earth.


Justin

Take heart, as you have had a bad start it can only get better   Roll Eyes

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
bobsav2121
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August 14, 2014, 01:32:21 AM
 #17783

When is the next difficulty increase going to happen ?
psahx
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August 14, 2014, 05:33:03 AM
 #17784

When is the next difficulty increase going to happen ?

After 995 Blocks, About 5.9 days
ZephramC
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August 14, 2014, 07:47:57 AM
 #17785

When is the next difficulty increase going to happen ?
http://bitcoinclock.com/
When the minute hand hits 12.
LOM
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August 14, 2014, 09:12:39 AM
 #17786

GO go Go gO  Wink
TvaiX
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August 14, 2014, 11:38:56 AM
 #17787

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
Searing
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Escrow Service.


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August 14, 2014, 11:46:16 AM
 #17788

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


if I was in univ yet..i'd have taken a summer class in the dorms...they move you around different wings (or did) every 5 weeks or so as they do work on campus (paint etc)..man I coulda made a killing on free electric just bouncing around campus 4 or 5x over the summer

they could never trace it to you in them old dorms either

ah the lure of free electric

Searing

(Not sure if it would work these days during the school year but man summer no problems)

bozo333
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August 14, 2014, 01:58:08 PM
 #17789

Let me be the devil's advocate:

Mining now not profitable. Even at sub 10c / KWh

At around $510 and a looming diff. increase of almost 25% in less than a week I pity the guys now taking delivery of their shiny new SP30s. Not that I am making money with my SP10 and these parameters either... Sad
Searing
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August 14, 2014, 02:06:41 PM
 #17790

Let me be the devil's advocate:

Mining now not profitable. Even at sub 10c / KWh

At around $510 and a looming diff. increase of almost 25% in less than a week I pity the guys now taking delivery of their shiny new SP30s. Not that I am making money with my SP10 and these parameters either... Sad

I unfortunately resemble those remarks above.

I do take solace in this small thought.... IF bitcoin survives it will say 5 years matter much less in HOW you got your bitcoin in that you got your bitcoin NOW
at say the prices below $1000 usd ....it may not have been as good as just buying coin vs mining....but wtf you probably would not have speculated as much $$
directly at btc (at least as a newbie like me) with out that first miner anyway! So if the mega bulls are right and btc someday hits say a modest 3k a coin...well
we can do what all people do with luck and wealth...lie like a rug that it was all due to our 'amazing financial foresight' ...another way of saying stupid/lucky/right circumstances

(hey if your gonna drink the kool aid you may as well get a 'pleasant buzz' off the stuff)

Searing

jterry211
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August 14, 2014, 02:12:53 PM
 #17791

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
jterry211
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August 14, 2014, 02:47:57 PM
 #17792

The Bitcoin ship seems to be sinking now under $500. What is going on?

JT
Billbags
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August 14, 2014, 03:13:47 PM
 #17793

It's suppost to stay around $500+/- throughout August(but could go as low as $375). If you follow the market, selling time was about 3 weeks ago. After people have a chance to buy low it will go up again.

http://btctrading.wordpress.com/

^ This link usually has good advance predictions on Bitcoin price.


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, 03:28:10 PM
 #17794

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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August 14, 2014, 03:38:30 PM
 #17795

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
 #17796

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
bozo333
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August 14, 2014, 04:14:31 PM
 #17797

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!
Billbags
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August 14, 2014, 05:00:19 PM
 #17798

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
 #17799

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
jterry211
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August 14, 2014, 10:17:08 PM
 #17800

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

JT
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