[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[cowchaser]

No more free shipping as it seems.
Of course Bitmain still purchases in USD so at some point there's no more margin for freebies.

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[andyjjones]

Do you guys think that BTC may have found a new support level around 330usd?

[Benjy_Bronk]

Do you guys think that BTC may have found a new support level around 330usd?

No. There is no such thing. It is very volatile and will be for some time.

[dmwardjr]

Batch 10 of the S3+ has just gone on sale for BTC0.58.

Thanks for the heads up!

However, I have my eyes on the S4.  I'm waiting for the price of BTC to go up enough [While still mining BTC as well] to get my hands on an S4.  I have 10 S3+'s with 6 more brand new S3+'s on the way that I purchased in auctions on eBay TODAY.  Got 1 S3+ for $265.00 w/free shipping. Got 2 more for $511.99 w/free shipping.  I just won another auction for 3 more S3's for $760.33 w/free shipping.  All of them are NEW Batch 9's.

Yes, I know I'm paying more on ebay than what I would pay for them from Bitmaintech.  HOWEVER, those units were IN HAND and ready to ship NOW!  TIME IS MONEY!  Difficulty is going up again very soon too.  I needed them yesterday!!!

Getting nothing but S4's from here on out.  I did not want to touch the 1.8 BTC I've earned already since I first started mining September 22nd [13 blocks we hit that day, my first day at this].  Look to have 23.7 TH/s mining away downstairs when it's all said and done [16 S3+'s and 8 S4's].

David

[jterry211]

So about a week ago we were at 6.6ph and my payouts were great.  Now at 8.1ph and payouts have been cut by almost a 1/4.  i understand new faster miners are coming out every day but a peta hash is alllllot of power added in just over a week.  Did someone hit the Bitcoin lottery or something.

JT

[dmwardjr]

So about a week ago we were at 6.6ph and my payouts were great.  Now at 8.1ph and payouts have been cut by almost a 1/4.  i understand new faster miners are coming out every day but a peta hash is alllllot of power added in just over a week.  Did someone hit the Bitcoin lottery or something.

JT

1 guy rented 500 TH/s in the cloud and put it on here.

[pekatete]

So about a week ago we were at 6.6ph and my payouts were great.  Now at 8.1ph and payouts have been cut by almost a 1/4.  i understand new faster miners are coming out every day but a peta hash is alllllot of power added in just over a week.  Did someone hit the Bitcoin lottery or something.

JT

1 guy rented 500 TH/s in the cloud and put it on here.

Good on them! 5 blocks in the last 30+hrs .... I bet they are cursing their luck.

[jterry211]

So about a week ago we were at 6.6ph and my payouts were great.  Now at 8.1ph and payouts have been cut by almost a 1/4.  i understand new faster miners are coming out every day but a peta hash is alllllot of power added in just over a week.  Did someone hit the Bitcoin lottery or something.

JT

1 guy rented 500 TH/s in the cloud and put it on here.

Damn 500 TH wonder if at this price and diff if that is even profitable.

JT

[nicklello]

So about a week ago we were at 6.6ph and my payouts were great.  Now at 8.1ph and payouts have been cut by almost a 1/4.  i understand new faster miners are coming out every day but a peta hash is alllllot of power added in just over a week.  Did someone hit the Bitcoin lottery or something.

JT

1 guy rented 500 TH/s in the cloud and put it on here.

Just to show how green/new I am to this.... where on earth can you rent this much hashing power ?

[jterry211]

So about a week ago we were at 6.6ph and my payouts were great.  Now at 8.1ph and payouts have been cut by almost a 1/4.  i understand new faster miners are coming out every day but a peta hash is alllllot of power added in just over a week.  Did someone hit the Bitcoin lottery or something.

JT

1 guy rented 500 TH/s in the cloud and put it on here.

Damn 500 TH wonder if at this price and diff if that is even profitable.

JT

OK 500 TH cloud mining cheapest i could find was around $295,000 for one year.  At 500 TH at the current Price Diff etc thats around $76,000 a month. 12 months thats around $900,000 (minus diff increases etc) so yeah it works.

JT

[wasikidding]

Batch 10 of the S3+ has just gone on sale for BTC0.58.

counter intuitive diff has gone up 16.2% since batch 9 shipped and now batch 10 costs more  then previous batch because of no free shipping i assume due to the fact btc price has dropped lol now this batch s3 looks like 5-6 months roi as opposed to prev 3-4 months o well

[pekatete]

Just in case someone missed this, an update to cgminer for the S3 from the author here: https://bitcointalk.org/index.php?topic=671189.msg9134744#msg9134744
I assume that the process is the same, i.e

1. SSH and log into the S3
2. cd /usr/bin
3. mv cgminer cgminer.bak
4. wget http://ck.kolivas.org/apps/cgminer/antminer/s3/4.6.1-141009/cgminer
5. chmod +x cgminer
6. reboot

PS. Some people say you only need to restart cgminer and do not need to reboot.

EDIT: Hashrates even seem a little  faster after a few minutes... APPARENTLY!

[wasikidding]

OK lets start dancing IMGUR or it's not real jk... "I'm only happy when it rains"   

[dmwardjr]

So about a week ago we were at 6.6ph and my payouts were great.  Now at 8.1ph and payouts have been cut by almost a 1/4.  i understand new faster miners are coming out every day but a peta hash is alllllot of power added in just over a week.  Did someone hit the Bitcoin lottery or something.

JT

1 guy rented 500 TH/s in the cloud and put it on here.

Good on them! 5 blocks in the last 30+hrs .... I bet they are cursing their luck.

LOLOLOLOLOL

I WAS DEAD SERIOUS TOO.  He had it all on CK's solo pool for a little while.

[dmwardjr]

Batch 10 of the S3+ has just gone on sale for BTC0.58.

counter intuitive diff has gone up 16.2% since batch 9 shipped and now batch 10 costs more  then previous batch because of no free shipping i assume due to the fact btc price has dropped lol now this batch s3 looks like 5-6 months roi as opposed to prev 3-4 months o well

My sentiments EXACTLY!

TIME IS MONEY!!!

That's why I bought six NEW S3+'s  on eBay in a total from 3 different auctions on eBay TODAY!  $265.00 + $511.99 + 760.33 = $1,537.32 divided by 6 = $256.22 each.  NOT BAD AT ALL for NEW batch 9's!!!  NOT BAD AT ALL!!!

3 Corsair AX860 PLATINUM's should be here Friday from Amazon.

TIME IS MONEY!!!

I'm holding on to the BTC I've mined since September 22nd to get nothing but S4's from here on out.  I will have a total of 16 S3+'s total going by this Saturday.  They were sent out today via FedEx and should be here from Texas on no later than Saturday.  I think one will be here Friday.

I'm spending ALL OF MY BTC on S4's until I have 8 of them.  To me, you can't go wrong with getting S4's.  I've explained it in a previous thread.  Power consumption {COST} is less for the hashing output you get.

When it's all said and done, I will have 8 S4's and 16 S3's running at approximately 23.7 TH's TOTAL and approximately 16,928 watts.

8 S4's x 1380 watts at the wall = 11,040 watts for 16 TH/s TOTAL without over clocking at 2 TH/s EACH connected to four 30 AMP outlets.

OR

30 S3's x 368 watts at the wall [with Corsair AX860 PLATINUM PSU's] = 11,040 watts for 13.65 TH/s [without over clocking] at average of 455 GH/s EACH connected to five 20 AMP outlets.

NOTICE:  BOTH COMPARISONS HAVE 11,040 watts at the wall. HOWEVER, you get WAY MUCH MORE HASHING POWER WITH THE S4's.

ALSO:  IF you ever think about selling your mining equipment, I don't think you'll have much of a problem getting at least half [if not more] of your money back on eBay.

MY OPINION!!!

[dmwardjr]

SWEEEEEEET...

We FINALLY HIT A BLOCK!!!

LOLOLOL

BY THE WAY:

PLEASE READ THIS EVERYONE...    PLEASE!!!

https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

[dmwardjr]

I predict BTC will be at $475.00 by October 30th...

$540.00 by Thanksgiving

[wasikidding]

SWEEEEEEET...

We FINALLY HIT A BLOCK!!!

LOLOLOL

BY THE WAY:

PLEASE READ THIS EVERYONE...    PLEASE!!!

https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

so what happens tho when all 21 million coins have been mined and the network of miners stops with no miners to confirm transactions what is bitcoin worth will you have to pay ridiculous amount like .1+ a btc to allow for network propagation to verify and confirm transactions?  

[cris12821]

  good to see our hashrate has gone up..  Wondering how much of a differernce itl be with the next diff rise.      Also my BTC rewards have dropped by about .018-.025 in the past 2 weeks.   Same Hashrate just much lower reward.   Makes sense I guess.  but it sucks a hell of alot.    BTC diff rise = even less reward... But slush is usually good to us so we may have a higher reward for awhile but not long. 


Bought an S3,   So im now running about 5 S1s and 1 S3.      Working fantastically.  Just wishing the BTC dif rise would slow down or drop a little bit.   
I have a feeling itll be in the 40s in no time.    Hopefully it slows down.  but i have a feeling itll be in the 40s before and if it ever drops.



   The $/BTC  well.   That im not concerned about....   im moreless concerned about the diff.   

Oh well,  im still making profit and thats all I care about, hopefully everyone is to.

[dmwardjr]

I see BTC EASILY between $1,400.00 to $2,200 a coin by the end of 2015.  It's only destined to go up more and more as the block generation cuts in half each time.

Once block generation stops, I thought this thread addresses it pretty well.

http://bitcoin.stackexchange.com/questions/8743/what-happens-to-the-bitcoin-network-when-the-miners-all-stop-in-the-future

Each time the block generation cuts in half, BTC will be worth at least twice what it was before it cut in half.  SERIOUSLY!!!

That article explaining BTC versus gold is convincing enough to me to believe BTC worth will be at least double what it was worth each time the block generation cuts in half.  THEY ARE INVERSELY PROPORTIONATE TO ONE ANOTHER.  SERIOUSLY!!!

AFTER THAT, http://bitcoin.stackexchange.com/questions/8743/what-happens-to-the-bitcoin-network-when-the-miners-all-stop-in-the-future