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Author Topic: [150+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3982815 times)
bozo333
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August 14, 2014, 01:58:08 PM
 #17781

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
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Searing
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August 14, 2014, 02:06:41 PM
 #17782

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
 #17783

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
 #17784

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
 #17785

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
 #17786

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
Billbags
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August 14, 2014, 03:38:30 PM
 #17787

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
 #17788

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
 #17789

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
 #17790

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
 #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

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
 #17792

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

JT
kkurtmann
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August 15, 2014, 12:49:13 AM
 #17793

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
 #17794

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
 #17795

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
 #17796

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.
Fieel
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youtube.com/filipe687


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August 15, 2014, 01:57:32 PM
 #17797

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

Visit my YT channel:  youtube.com/filipe687
alh
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August 15, 2014, 04:22:44 PM
 #17798

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
 #17799



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

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August 15, 2014, 05:29:34 PM
 #17800

Hopefully we can get a bit higher to 100%.

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

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