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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

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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3931777 times)
TradersWay.JC
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September 30, 2014, 03:31:03 PM
 #18861

Our brokerage doesn't keep the coins. We immediately sell them and convert to USD. However, we do keep the coins we mine.

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

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desired_username
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September 30, 2014, 03:36:36 PM
 #18862

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

Indeed, I completely agree with this part. Perfectly illustrates how early we are. Look into hedging, hopefully it will be a reality soon for bitcoin.

Also, stability comes with wider adoption and better coin distribution.

If you run a btc business the least you can do is to pay your expenses in btc (eg.: internet services and other things that you can buy with btc) and urge your suppliers/utility companies/employees to accept it.
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September 30, 2014, 04:38:05 PM
 #18863

Shocked Shocked :oLast day of Sept. lets get the rain dance started early 10 blocks today or bust......... Grin Grin Grin Grin

Hope it's not bust, lol.  We've already got 3 today (UTC time), so perhaps 6 is a good possibility?  I'm with you, though, mate - happy to take the 10 if we can get it!  Grin

at present diff we just need to do 4.5 a day to exceed other pools!

of course I moved some off during the 10 hours ones and got too lazy to move them back! haha....
I need to write a script for the ones I am flipping the GUI is too annoying.
bspurloc
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September 30, 2014, 04:43:11 PM
 #18864

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

Indeed, I completely agree with this part. Perfectly illustrates how early we are. Look into hedging, hopefully it will be a reality soon for bitcoin.

Also, stability comes with wider adoption and better coin distribution.

If you run a btc business the least you can do is to pay your expenses in btc (eg.: internet services and other things that you can buy with btc) and urge your suppliers/utility companies/employees to accept it.

I doubt the BTC will ever be stable enough for a company to keep its cash in BTC.
there are too many devious ways to manipulate it.
Companies only care about profit which means you must cash out asap. dropping on 1% is a 1% loss and a loss is bad, the ceo doesnt get a 10% bonus with a 1% loss!
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September 30, 2014, 04:53:42 PM
 #18865

Just got my S1 upgrades done (finally, the kit has been here for about a week). Great news two of my S1's are now hashing at 478GH/s each at the first attempt.

I haven't upgraded the firmware yet as the Bitmain site seems to be offline but just changing the values in asic-freq to the default level for S3's has got me hashing at a much higher rate, and using less electricity!

I am sure my natural exuberance will be tempered by an increase in difficulty and global hashing rate, but just let me have my few minutes of enjoyment as i watch my hash rate grow.

I found it very easy to strip down the S1 and install the upgrade, but I think Bitmain went over the top when they put the thermal grease on the S1's as there was loads, and it was quite uneven. In my experience its always best to have a smooth even coating to get the heat away from the board.

I hope that the firmware upgrade will be simple and i intent to do it ion the next few days.

bobsav2121
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September 30, 2014, 06:39:16 PM
 #18866

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

Indeed, I completely agree with this part. Perfectly illustrates how early we are. Look into hedging, hopefully it will be a reality soon for bitcoin.

Also, stability comes with wider adoption and better coin distribution.

If you run a btc business the least you can do is to pay your expenses in btc (eg.: internet services and other things that you can buy with btc) and urge your suppliers/utility companies/employees to accept it.

I doubt the BTC will ever be stable enough for a company to keep its cash in BTC.
there are too many devious ways to manipulate it.
Companies only care about profit which means you must cash out asap. dropping on 1% is a 1% loss and a loss is bad, the ceo doesnt get a 10% bonus with a 1% loss!

You are correct Sir !!!
bobsav2121
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September 30, 2014, 06:41:05 PM
 #18867

This is sort is sort if off topic.    (Slush seems to have been doing a bit bad lately since diff rise)

I'm sellingn some of my Antminer s1s to upgrade to s3s.   I'm not 100% on the whole how the shipping works.


Butm willing to sell $130 CAD ea miner.

Or 4 miners for $90 CAD EA 1 PSU for every 2 miners bought.

I'll also throw in a free 2gh/s USB miner for free.


I accept PayPal or payment by bitcoin.

Just send me a mssg if your interested.



I'm not reall dedicated to the s3 but all I need is a miner a bit more powerful than the s1.  

Offers???

s1's on ebay are dropping for $50-70 USD. r u saying $130 each?Huh



Well thats good for other people.  Loosing profit Tongue     why would i lower the price when i have tons of buyers?     I dont get it.   IF people dont want it or some shit,  why respond to it.  


People can sell em for w.e the hell they want, as long as  ur making money off it.  I've made $20-50 more than what I spent to buy them/

 

Testy Testy...

JT

He's not being testy your being a jerk, mind you own business its a free country he can ask anything he wants for his stuff without you throwing your 2 cents into something
that is non of your business.

Bob

Kinda like you just did there bob throwing in your 2 cents your not a moderator.  Yes its a free country and he can ask what he wants. Honestly i don't care if he asks $50 or $5000 its his business I was joking (was meant to be a tongue emoticon not ...) but now your the one being a Jerk. Last i Checked  this was an open forum and anything anyone posts is everyone's business.

JT


Bite me your the one who stuck his nose in somebody else's business.

If you want to take this outside I'll meet you after class in the school yard ..


Wow that escalated quickly.  You stuck yours in mine then so There nanana booboo  Tongue  

JT

Why are people so freaking immature.    Its pretty sad that people can't be matue and just simple... LET IT GO.

Its All over what I was selling my miners for.  Because someone had to make a deal that I'm selling then for $130 and buddy had to make a comment.



Bottom line WHO GUVES A SHIT you poor babies are just mad I'm selling mine for more money than u made wiith them.      


As Bob says.   Stay out if other peoples business,  if we/I wanted your assistance or 2 cents I would ask for it.


Iv already sold some miners at $130 and I'm selling more this week.


So all you people bitxhing and complaining well.  Its sad.   Very sad.



Off 3 miners iv already made $20-40 more than what I spent.    And its only getting better.




So please you complainers.   Unless you have anything nice to say.... Please stop whining and complaining.  And drop it.



Thank you
Bob
TradersWay.JC
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September 30, 2014, 06:46:59 PM
 #18868

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

Indeed, I completely agree with this part. Perfectly illustrates how early we are. Look into hedging, hopefully it will be a reality soon for bitcoin.

Also, stability comes with wider adoption and better coin distribution.

If you run a btc business the least you can do is to pay your expenses in btc (eg.: internet services and other things that you can buy with btc) and urge your suppliers/utility companies/employees to accept it.

I doubt the BTC will ever be stable enough for a company to keep its cash in BTC.
there are too many devious ways to manipulate it.
Companies only care about profit which means you must cash out asap. dropping on 1% is a 1% loss and a loss is bad, the ceo doesnt get a 10% bonus with a 1% loss!

Absolutely. We don't currently support Forex accounts whose base currency is Bitcoin because it is just too risky. Thus, we must convert the funds to USD and sell right away. With such a long down trend, and with BTC being 33% of its value from 10 months ago, we would have suffered large losses without converting to fiat.

On a happy note -- a good day for Slush!

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TradersWay.JC
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September 30, 2014, 06:48:29 PM
 #18869

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

Indeed, I completely agree with this part. Perfectly illustrates how early we are. Look into hedging, hopefully it will be a reality soon for bitcoin.

Also, stability comes with wider adoption and better coin distribution.

If you run a btc business the least you can do is to pay your expenses in btc (eg.: internet services and other things that you can buy with btc) and urge your suppliers/utility companies/employees to accept it.

Yes, a business like Bitcointalk is able to operate in Bitcon so successfully because all of its overhead is also paid in Bitcoin. Unfortunately we don't have that luxury.

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wasikidding
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October 01, 2014, 02:52:10 AM
 #18870

 Angry Angry Angry Angry what no one else danced only got 7 not 10 sheeeesh jk much better day after a brutal last few

BTC ADDY just in case you are my rich uncle lol 1GmrgmiAWKA4yXuo4JECxyvzzjnBEtGwwL
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October 01, 2014, 04:01:15 AM
 #18871

Bitcoin Bank Finally Opens.....

Wow, no more "Back Alley" bitcoin transactions. Online wallets that are insured. No wait time like Coinbase. Credit Cards accepted with no hassles and no fees. Deposit or fund straight from your normal Bank. F2A protection.
It's called Circle. I linked to article, you Google site yourself. Tried it out today, EASY-SAFE-QUICK.

http://www.cnet.com/news/bitcoin-startup-circle-opens-to-the-public-around-the-world/






hey man only problem I had was the F2A no cell phone at least coinbase lets me use my Home phone , i see more and more every day i may just have to  break down  and get a smart Phone that's the old School in me . been tiring to avoid a cell phone for years. i wasn't kidding when i said I don't care for that stuff I don't i love the WEbb but some of it can be a bit extreme for  me  and found that dark place on the BiTcoin site to day I knew i would sooner later but these site are the  only one  of this kind and  all searches lead to bitcoin.com forums. "_ .  well any way once i get a smart phone in the next days i hope I'll keep using CB.
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October 01, 2014, 04:28:56 AM
 #18872

Angry Angry Angry Angry what no one else danced only got 7 not 10 sheeeesh jk much better day after a brutal last few
you are correct sir, I didn't have time to dance this time. However, We will take 7 a day anyday Smiley
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October 01, 2014, 10:11:40 AM
 #18873

I think that when the exchange rate becomes stable enough people will begin keeping more coins. But when a major portion (or most of) their business is run using fiat currency, it makes no sense to keep coins and watch some of your investment go down 10% in a day.

Indeed, I completely agree with this part. Perfectly illustrates how early we are. Look into hedging, hopefully it will be a reality soon for bitcoin.

Also, stability comes with wider adoption and better coin distribution.

If you run a btc business the least you can do is to pay your expenses in btc (eg.: internet services and other things that you can buy with btc) and urge your suppliers/utility companies/employees to accept it.

I doubt the BTC will ever be stable enough for a company to keep its cash in BTC.
there are too many devious ways to manipulate it.
Companies only care about profit which means you must cash out asap. dropping on 1% is a 1% loss and a loss is bad, the ceo doesnt get a 10% bonus with a 1% loss!

In my opinion it has a chance...If enough people and businesses adopt it (it doesn't even have to be legit or in 1st world countries). I think manipulation is not the best word. Bitcoin markets can be easily moved at this stage that's all.

EDIT: Volatility is a known factor for businesses. Again look up hedging. Airlines hedge against fluctuations in fuel prices for example.



Yes, a business like Bitcointalk is able to operate in Bitcon so successfully because all of its overhead is also paid in Bitcoin. Unfortunately we don't have that luxury.


Location matters. In the beginning there wasn't any accepting places anywhere and look at the progress now.

Bitcoin is built by the community not forced by a government or pushed by companies with huge budgets. If nobody worked in their free time to improve the scene then we couldn't have reached the current level.
bigbitmine
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October 01, 2014, 01:04:01 PM
 #18874

This is sort is sort if off topic.    (Slush seems to have been doing a bit bad lately since diff rise)

I'm sellingn some of my Antminer s1s to upgrade to s3s.   I'm not 100% on the whole how the shipping works.


Butm willing to sell $130 CAD ea miner.

Or 4 miners for $90 CAD EA 1 PSU for every 2 miners bought.

I'll also throw in a free 2gh/s USB miner for free.


I accept PayPal or payment by bitcoin.

Just send me a mssg if your interested.



I'm not reall dedicated to the s3 but all I need is a miner a bit more powerful than the s1.   

Offers???

s1's on ebay are dropping for $50-70 USD. r u saying $130 each?Huh



Well thats good for other people.  Loosing profit Tongue     why would i lower the price when i have tons of buyers?     I dont get it.   IF people dont want it or some shit,  why respond to it. 


People can sell em for w.e the hell they want, as long as  ur making money off it.  I've made $20-50 more than what I spent to buy them/

 

Testy Testy...

JT

He's not being testy your being a jerk, mind you own business its a free country he can ask anything he wants for his stuff without you throwing your 2 cents into something
that is non of your business.

Bob

and I can ask if he meant $130 when they are selling for under $80 on ebay...
  The odd thing is to get all angry cuz someone noted they are much cheaper somewhere else...
When u r buying its ok but when u r selling its OMG no u dint!

Loo EXACTLY.

And if people would read first.... It usually says.    "Mssg me to work something out".  Yet people just complain and complain about ur cost or offer or w.e



This is another reason iblove slush.      Respect.  And care  some of u have.... And lots ofnit

Well I've been buying loads of S1's on ebay for next to nothing.  Fed up waiting for Bitmain to produce batch 10.  Plus 4 S1's for £160 gives me much more hashing compared to S3 cost.  Power is not an issue before anyone mentions it.  The main issue I have I they're VERY noisy compared to S3.

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October 01, 2014, 02:18:24 PM
 #18875

SEVEN blocks already today with nearly half the day left!!!  Grin Grin Grin Grin
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October 01, 2014, 02:34:41 PM
 #18876

SEVEN blocks already today with nearly half the day left!!!  Grin Grin Grin Grin

Looks like Slush is on another roll!  Grin Grin Grin
TradersWay.JC
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October 01, 2014, 02:50:37 PM
 #18877

SEVEN blocks already today with nearly half the day left!!!  Grin Grin Grin Grin

Looks like Slush is on another roll!  Grin Grin Grin

Love seeing that 200%! Now we just gotta wait for BTC to poke above $400 again

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Billbags
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October 01, 2014, 03:55:51 PM
 #18878

The luck is nice, but all these pool hoppers sucks!

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
RogMiner
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October 01, 2014, 04:37:17 PM
 #18879

Last night I upgraded my Antminer S1's to S3's but left the firmware the same. Later on I upgraded the firmware and set about setting the clock speeds to see what hashing rate I could get.

After nearly 24 hours I have a stable S3 hashing at 499GH/s and one S3 hashing at 466GH/s if I try and push the second one to 499GH/s it starts to show errors so i guess that 466 is its limit.

Anyway that two successful upgrades and here's hoping that they will generate enough to pay for themselves and maybe even make a little on top.

It's great to see that luck is currently on our side but remember every bit of good luck will one day be matched with a similur bit of bad luck. I love mining with Slush and will keep going as long as I can, I have tried GHash and others but Slush is just more fun, I do however keep GHash as my backup just in case Slush goes down, although to date I have never needed to use it.

I am happy to keep mining even though the Bitcoin price is dropping as I am quietly hopeful that one day it will bounce back and when that happens my Bitcoins will be worth something substantial, until then I guess i will just keep swapping electricity for Bitcoins.

In an attempt to help with the electricity costs I have recently invested in some solar panels so as soon as they are fitted to the roof they will pay for about half of my bitcoin energy usage, and i hope to upgrade the solar system later on next year to cover the other half (Happy days!).
bobsav2121
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October 01, 2014, 04:53:36 PM
 #18880

SEVEN blocks already today with nearly half the day left!!!  Grin Grin Grin Grin

I pointing more hardware here so kiss your blocks goodbye ..
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