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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3853844 times)
desired_username
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October 01, 2014, 10:11:40 AM
 #18881

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.
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October 01, 2014, 01:04:01 PM
 #18882

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
 #18883

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
 #18884

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

Looks like Slush is on another roll!  Grin Grin Grin
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October 01, 2014, 02:50:37 PM
 #18885

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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October 01, 2014, 03:55:51 PM
 #18886

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
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October 01, 2014, 04:37:17 PM
 #18887

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!).
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October 01, 2014, 04:53:36 PM
 #18888

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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October 01, 2014, 05:29:12 PM
 #18889

Somebody (probably another pool that mines pools) has pointed apx. 12 PH at us so we are probably screwed for a while. Seems like every time this happens block times go to 12+ hours and our rewards plummet. I know the extra hash should help us solve faster but history here shows the opposite. Hope I am wrong this time.

BTC ADDRESS: 12Qwd8VKLQ4xF44ytHXBpCAKuF9VknG4X2
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October 01, 2014, 05:38:09 PM
 #18890



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.

OMG! How dare you mention S1's are next to nothing on ebay... when someone is trying to sell them in this thread, and selling them quite well, and more selling right now as I type!  regardless of your inconsiderate mentions of proper prices.
How uncaring and unprofessional of you! I mean it is ok to bash bitmain for charging too much but if u note someone is seeking 2x todays prices then OMG OMG... red face angry man time.

Yeah I could load up on tons of S1's in my server room but I would put the circuits at too much of a load... sigh!
that is why I went with upgrade kits. although I probably should have just got s3's and sold the s1's even though I would only get around $75 for them at the time... but it is good to know people here will pay $130+

and BTW, I moved some stuff back here so we are going to have 10 hour blocks again. SIGH...
I was staring at it last night and went to do something else, come back check and block block block... each time oh well
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October 01, 2014, 05:39:49 PM
 #18891

^ That is actually a good observation. We get in a good pocket of solving blocks, the hoppers come and "rock the boat" and out of the pocket we go.

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, 05:40:08 PM
 #18892

I think that people see the luck growing with Slush and point there hardware here, the problem is that by the time they identify that we are being lucky the luck is probably running out so then block times grow and our rewards drop. This is the downside of luck, it can be good or bad and no one can ever tell how long it will last.

The big problem is that many miners are both greedy and stupid (present company excepted, obviously) and therefore they move their hashing power around thinking they will make a fast buck, instead they probably actually do worse because of it, and don't even realise.

The other explanation is that all minders are neither greedy nor stupid but instead a pool has failed and many miners have failed over to slush, its just a coincidence that this always seems to happen whenever Slush is experiencing a run of good luck.

It is what it is and frankly I welcome the new hashing power, I only wish they would stay and make Slush even bigger. Personally I think Slush deserves to be at least 20PH/s.
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October 01, 2014, 05:40:39 PM
 #18893

@sic1490
 That is actually a good observation. We get in a good pocket of solving blocks, the hoppers come and "rock the boat" and out of the pocket we go.

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
sjc1490
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October 01, 2014, 05:59:25 PM
 #18894

@sic1490
 That is actually a good observation. We get in a good pocket of solving blocks, the hoppers come and "rock the boat" and out of the pocket we go.

Yep, we have seen it time and time again.

BTC ADDRESS: 12Qwd8VKLQ4xF44ytHXBpCAKuF9VknG4X2
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October 01, 2014, 06:08:32 PM
 #18895

Will you guys keep mining even when your electricity is equal to the current exchange rate x rate at which BTC is mined? I think I am going to. I will gladly keep supporting the BTC network in the little way that I can while also hoping for an exchange rate jump in the future...

I look at old threads where people owned thousands of Bitcoins and wanted to sell them for less than $100......................................... I used to have some eGold back in the day (was rewarded it for something that I can't remember) .... if only I had some Bitcoin instead!

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bspurloc
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October 01, 2014, 07:27:14 PM
 #18896

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!).

mine upgrades went well both doing 505gh/s
the one doing 466 do you have the frequency still sitting at 250??
You should shut down cgminer
/etc/init.d/cgminer stop
Let the asics cool down  and add to asic-freq
option 'freq_value'    '1306'  #243.75M
option 'chip_freq'     '243.75'
option 'timeout'       '16'

then start cgminer back up /etc/init.d/cgminer start
That one may now mine at 491gh/s. that is what I had to do to all the ones that werent doing well at 250.
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October 01, 2014, 07:29:15 PM
 #18897

^ That is actually a good observation. We get in a good pocket of solving blocks, the hoppers come and "rock the boat" and out of the pocket we go.

Only issue is I am not a pool hopper.
I mine 10% on eligius and when our luck gets really bad I mine 20% on eligius.
I actually lost by moving that 10% extra this time!
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October 01, 2014, 09:31:58 PM
 #18898

@sic1490
 That is actually a good observation. We get in a good pocket of solving blocks, the hoppers come and "rock the boat" and out of the pocket we go.

Yep, we have seen it time and time again.

As we know, it ought to help not hinder, but it never seems to happen that way.  Perhaps over a longer period, it would go the way that logic suggests.  Problem is, the longer period never happens, because as soon as the blocks start to run dry, all the extra noses disappear from the trough. Sad
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October 01, 2014, 09:40:30 PM
 #18899

@sic1490
 That is actually a good observation. We get in a good pocket of solving blocks, the hoppers come and "rock the boat" and out of the pocket we go.

Yep, we have seen it time and time again.

As we know, it ought to help not hinder, but it never seems to happen that way.  Perhaps over a longer period, it would go the way that logic suggests.  Problem is, the longer period never happens, because as soon as the blocks start to run dry, all the extra noses disappear from the trough. Sad

I agree, I would like to see them stay but watch what happens when we hit the first 12+ hour block we will be back to the 5.8 to 6.2 range. We never get that chance to create that new sweet spot it seems. Goes totally against the math and logic but have seen it happen exactly that way many times.

BTC ADDRESS: 12Qwd8VKLQ4xF44ytHXBpCAKuF9VknG4X2
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October 01, 2014, 10:16:23 PM
 #18900

Will you guys keep mining even when your electricity is equal to the current exchange rate x rate at which BTC is mined? I think I am going to. I will gladly keep supporting the BTC network in the little way that I can while also hoping for an exchange rate jump in the future...

I look at old threads where people owned thousands of Bitcoins and wanted to sell them for less than $100......................................... I used to have some eGold back in the day (was rewarded it for something that I can't remember) .... if only I had some Bitcoin instead!




were do you live some of us don't have that electtricty problem well most in the US don't in fact some in the US have it better then others do .


Just wondering its not my indention to make you feel bad or put your down , just wonder were every one lives  when i see that about electricity. what i mean is it just field the complaint they make .
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