Happy New Years! Seventh alt coin thread!

[JaredKaragen]

@citronick
I think these things will be pushed towards ETC personally....  its the only thing that makes sense in the end.    The $800 price tag; is probably roughly 2x cost on the unit when thinking fairly about it.
If they started putting them online ~december of last year;  it would make sense as a whole....   I sense hashrate increasing a little as they are released as the best case, and the most probable is nethash stays roughly the same during the rollout of them.

[Mashy81]

The E3 is probably a test to se if ETH forks. If they don't they roll out a more powerful one in a few weeks

[citronick]

A small gap of the gates of hell has opened...

==========
Dear subscriber,

We have received a very promising response to the Antminer E3 batch. Thank you for that.

Many of our buyers have been unhappy about the limit of one miner per user that we had set to prevent hoarding and to allow more individuals to purchase this limited stock of the Antminer E3. To allow all individuals to buy more units and, at the same time, prevent hoarding, we have now increased the limit to five miners per user.

We have also removed the geographical restrictions to allow our international buyers located in Hong Kong, Macau and Taiwan to buy the Antminer E3. Buyers in Mainland China can still not buy this batch.

Click below to learn more or to order now:

https://goo.gl/QFF2wt

Regards,

The Bitmain team
========

[leonix007]

A small gap of the gates of hell has opened...

==========
Dear subscriber,

We have received a very promising response to the Antminer E3 batch. Thank you for that.

Many of our buyers have been unhappy about the limit of one miner per user that we had set to prevent hoarding and to allow more individuals to purchase this limited stock of the Antminer E3. To allow all individuals to buy more units and, at the same time, prevent hoarding, we have now increased the limit to five miners per user.

We have also removed the geographical restrictions to allow our international buyers located in Hong Kong, Macau and Taiwan to buy the Antminer E3. Buyers in Mainland China can still not buy this batch.

Click below to learn more or to order now:

https://goo.gl/QFF2wt

Regards,

The Bitmain team
========

And even much wider gate opens 


===============

Dear subscriber,

 

We have received a very promising response to the Antminer E3 batch. Thank you for that.

 

Many of our buyers have been unhappy about the limit of one miner per user that we had set to prevent hoarding and to allow more individuals to purchase this limited stock of the Antminer E3. To allow all individuals to buy more units and, at the same time, prevent hoarding, we have now increased the limit to five miners per user.

 

We have also removed the geographical restrictions to allow our international buyers located in Hong Kong, Macau and Taiwan to buy the Antminer E3. Buyers in Mainland China can still not buy this batch.

 

Click below to learn more or to order now:

 

https://goo.gl/QFF2wt

 

Regards,

The Bitmain team



====================================

[lanciaominer]

shitmain really needs to be taught a lesson, but considering the amount of capital they have now, it's hard to make a dent on them. they are probably laughing their asses off mining with F3 silently, damn gayhan man.

[shynepapin]

Well on better news, i just finished my first 7 days with my latest bot addition to add to my other 3 bots i currently run... some damn good results for 7 days, i installed it on my Raspberry Pi and just left it alone with 0.25btc to trade with for 7 days...
7 days of trading...
68 trades...
0.044btc profit
.
.
.

That image is super small. How much trading commission did you pay in total? I used to write algo trading in stock markets.

In stock market, buying 500 shares of a $100 stock ($50k) costs like $5 comission. In crypto it costs $125... and another $125 to exit the position. Huge negative edge and spreads are large in crypto too.

With the coin markets now so volatile ... its actually perfect for bots to roam free because the spread its extraordinary big.

Storx -- why don't you clone 100 of those Raspberry Pis and let the army run riot ?  

Afternotes:
I can fund a few of them Pis seeding/capital BTCs and we can share the profits  

This is actually a double edge subject for me, i have always been into bots... i have never lost a lot of money with them, usually the first 15 or 30 days of owning the bots i typically make my cost of buying the bot back along with a little extra, but it seems to always fall on its face or profits drop to a sludging crawl after that. I swear these companies somehow use the fact you have to communicate with thier servers to verify product key for the bot to continue to function, that they are implementing some sort of scale back on how the bot functions after the honeymoon period of getting your initial investment back...

So my plan is to continue to test this bot, i have spent countless hours studying this one before purchase and doing technical analyst on all the pairs its trading to set custom settings for each single pair it uses that i hope this one stays on track after the honeymoon period, in a few days ill have what i payed to purchase it all back in return, so we will see if the profits keep rolling in.

In regards to running a bunch of them, the issue with that is your only allowed to run so much traffic on an exchange before they ban your account from trading, its happened in the past.. so i can only do so much, so the real way of doing it would be to run the bot on multiple exchanges, but the issues with that is fees and volume of traffic are the 2 biggest hurdles, currently i have bots running on all 4 of the top volume exchanges, so im kinda tapped out at the moment and running multiple bots on the same exchange account just confuses the heck out of them.

If this one continues to pan out like its been i plan to add a few BTC to the account and up its trade amounts per trade over time, just right now im testing the waters and not trying to jump the gun, bots can make you money and they can loose it just as quick. I have test 13 different bots over the past 2 years and so far only 3 of them were stable enough to trust with actual money i am willing to trade with, other bots ive bought they run so random and unstable that you cant trust them or once you load them up with more than a few pairs to trade they get so confused and slow to respond that they just become useless at trading. That is what happen to me with gunbot, its turned into my direct mining conversion bot now, stupid bot does well with like 1-3 pairs, but anything above that the code over time starts logging errors and misses trades, then you get stuck with bags of drowning assets.. just got to bipolar for me to deal with, so now all it does is run 24/7 on cryptopia and bittrex auto exchanging everything i dump into those wallets into btc through its panic sell mode... basically turning it into my own autoexchanging mining pool in a way...

Its done ok today, managed 0.00782325btc ($55) of profit in the past few hours trading small amounts, think ima bump up the trade amount a little after this post
https://farm1.staticflickr.com/878/26256966707_8bd1eeabdc_z_d.jpg

@Storx, Those results are impressive, I also run the bot as well but on the ETH. The way to go is the per pair setting based on TA and trading limited pairs. Just started using the bot some days ago not up to a week. As regards to the honeymoon period, I think that can only happen if this bot was actually connecting to a server but in PT's case it connects only to your exchange using your API's, hence why there are some many extra add-on's developed by others being sold. There's an update, the V2 coming soon which takes away the need for some add-on but one I will ask you to look into is PTMagic, which gives you the ability to change settings based on market conditions and changes, which is the biggest drawback of this bot.

I run on raspberry pi too, works perfecting and chilling with the miners. You said you run 3, that's 3 licenses according to you use case, 3 exchanges because you can run 1 license twice on each exchange. And I'll like to ask if you run all 3 on 1 raspberrypi? Looking for a way to remove all unnecessary files on the Pi.

I plan on staying away from V2 as long as they can not stop the functionality of of V1.26, because V2 stop owners license but offers subscription license and there's also talks of it not being self-hosted and installed anymore, meaning it will actually need to connect to a server they own and run, which leaves room for potential vulnerability, which could lead to stolen api's. But, I understand the need to control usage and put limits which in turn will lead to more profit. I might grab another license soon just for keeps sake and leave room to expand from one exchange to more.

@citronick You can pay fees using the exchange crypto, gives you 50% off the trade fees and for spread, you can control that within the bit using the max spread percentage and buy minimum volume to control low cap coins, and minimum buy price to stay away from p&d coins.

Don't wanna derail the thread, sorry if I did @philipma1957.

[rdluffy]

I don't understand some people
They are against Bitmain, but they bought Asics

Congratulations, we are a few steps do give Jihan and a few players all the control of Cryptos and you help it

I'm feeling tired of this Cryptos, in the beginning it was very nice, decentralized stuff, every person can participate, a revolution to our financial system, but then...

The history repeats itself

It's a shame.

[philipma1957]

I don't understand some people
They are against Bitmain, but they bought Asics

Congratulations, we are a few steps do give Jihan and a few players all the control of Cryptos and you help it

I'm feeling tired of this Cryptos, in the beginning it was very nice, decentralized stuff, every person can participate, a revolution to our financial system, but then...

The history repeats itself

It's a shame.

I only buy  old school asic gear from bitmain  sha 256 or scrypt

I just ordered a 10th  L3+ as  LTC  has 210

[citronick]

I don't understand some people
They are against Bitmain, but they bought Asics

Congratulations, we are a few steps do give Jihan and a few players all the control of Cryptos and you help it

I'm feeling tired of this Cryptos, in the beginning it was very nice, decentralized stuff, every person can participate, a revolution to our financial system, but then...

The history repeats itself

It's a shame.

I only buy  old school asic gear from bitmain  sha 256 or scrypt

I just ordered a 10th  L3+ as  LTC  has 210

At the end of the day, its all about our relentless quest for the ultimate rig.

DaggerHashimoto hashing 180MHs in a shoebox....

...... "The spirit is willing, but the flesh is weak” (Matthew 26:41)

[Marvell2]

I don't understand some people
They are against Bitmain, but they bought Asics

Congratulations, we are a few steps do give Jihan and a few players all the control of Cryptos and you help it

I'm feeling tired of this Cryptos, in the beginning it was very nice, decentralized stuff, every person can participate, a revolution to our financial system, but then...

The history repeats itself

It's a shame.

I only buy  old school asic gear from bitmain  sha 256 or scrypt

I just ordered a 10th  L3+ as  LTC  has 210

At the end of the day, its all about our relentless quest for the ultimate rig.

DaggerHashimoto hashing 180MHs in a shoebox....

...... "The spirit is willing, but the flesh is weak” (Matthew 26:41)

yeah im not feeding the pig anymore, im buying coins and nvidia gpus if prices come back down to earth
fuck shitmain

[rdluffy]

It's up to you guys, if you think the right thing to do is buy Asics from Bitmain, go ahead, maybe I'm wrong

But I don't like the idea to feed Bitmain, I think they are hurting cryptos and day after day they are getting more power
They create a dirty business model in my opinion

Like I said, I'm feeling tired of this, maybe cryptos are just to gain some money, and you are right to squeeze every single coin you can

[HerbPean]

It's up to you guys, if you think the right thing to do is buy Asics from Bitmain, go ahead, maybe I'm wrong

But I don't like the idea to feed Bitmain, I think they are hurting cryptos and day after day they are getting more power
They create a dirty business model in my opinion

Like I said, I'm feeling tired of this, maybe cryptos are just to gain some money, and you are right to squeeze every single coin you can

The only thing i would buy right now is a Litecoin miner from them.

From now on, I prefer to support Canaan, who offer a true solid miner and not something that probably broken after 6 months. (or 6 hours)

the E3 looks great ... but it's a 3 month pre-order ... and will it broke ?

[philipma1957]

It's up to you guys, if you think the right thing to do is buy Asics from Bitmain, go ahead, maybe I'm wrong

But I don't like the idea to feed Bitmain, I think they are hurting cryptos and day after day they are getting more power
They create a dirty business model in my opinion

Like I said, I'm feeling tired of this, maybe cryptos are just to gain some money, and you are right to squeeze every single coin you can

The only thing i would buy right now is a Litecoin miner from them.

From now on, I prefer to support Canaan, who offer a true solid miner and not something that probably broken after 6 months. (or 6 hours)

the E3 looks great ... but it's a 3 month pre-order ... and will it broke ?

Yeah I will be

avalon 841 -------1 for now maybe 10
bitmain L3+ ------10 for now
nvidia  1080ti ----- 24 of them

and the 16gpu miner  with all 106 = 1060 mining gpus.

[Elder III]

It's up to you guys, if you think the right thing to do is buy Asics from Bitmain, go ahead, maybe I'm wrong

But I don't like the idea to feed Bitmain, I think they are hurting cryptos and day after day they are getting more power
They create a dirty business model in my opinion

Like I said, I'm feeling tired of this, maybe cryptos are just to gain some money, and you are right to squeeze every single coin you can

The only thing i would buy right now is a Litecoin miner from them.

From now on, I prefer to support Canaan, who offer a true solid miner and not something that probably broken after 6 months. (or 6 hours)

the E3 looks great ... but it's a 3 month pre-order ... and will it broke ?

Yeah I will be

avalon 841 -------1 for now maybe 10
bitmain L3+ ------10 for now
nvidia  1080ti ----- 24 of them

and the 16gpu miner  with all 106 = 1060 mining gpus.

Hey Phil, I was wondering if you still had that 13 GPU rig from the company in Austria?  I haven't seen you mention it of late, did you have to send it back?

[philipma1957]

It's up to you guys, if you think the right thing to do is buy Asics from Bitmain, go ahead, maybe I'm wrong

But I don't like the idea to feed Bitmain, I think they are hurting cryptos and day after day they are getting more power
They create a dirty business model in my opinion

Like I said, I'm feeling tired of this, maybe cryptos are just to gain some money, and you are right to squeeze every single coin you can

The only thing i would buy right now is a Litecoin miner from them.

From now on, I prefer to support Canaan, who offer a true solid miner and not something that probably broken after 6 months. (or 6 hours)

the E3 looks great ... but it's a 3 month pre-order ... and will it broke ?

Yeah I will be

avalon 841 -------1 for now maybe 10
bitmain L3+ ------10 for now
nvidia  1080ti ----- 24 of them

and the 16gpu miner  with all 106 = 1060 mining gpus.

Hey Phil, I was wondering if you still had that 13 GPU rig from the company in Austria?  I haven't seen you mention it of late, did you have to send it back?

I purchased it and sold it locally.  It works well at a local friends place nice  gear very quiet.

[grchina]

Dont you guys think that bitmain is testing the field with their e3 miners to see if eth dev team will fork the coin or no,because they promised that eth will stay asic resistant?They probably have way faster asics mining eth right now,think they are called f3 and it was suposed to have 1,5 ghs.My point is that same situation happened with monero fork and when all of the suden there were many cn asics coming out,we could probably see this again if there is eth fork

[QuintLeo]

DaggerHashimoto hashing 180MHs in a shoebox....

Good bit larger than a shoebox, looking at the pics - more like a double shoebox, and not a lot smaller than some "short" 4u cases.


ETH dev team called ETH "ASIC resistant" not "ASIC proof" - there's a difference, and if they get POS rolled out by the end of the year forking due to this miner would be a waste of time.


There is ONE video about a "F3" miner, but it's very uninformative and no clue what algorithm it's supposed to be for - the RUMORS were "ethash" but I'm starting to doubt that now.

[QuintLeo]

It's up to you guys, if you think the right thing to do is buy Asics from Bitmain, go ahead, maybe I'm wrong

But I don't like the idea to feed Bitmain, I think they are hurting cryptos and day after day they are getting more power
They create a dirty business model in my opinion

Like I said, I'm feeling tired of this, maybe cryptos are just to gain some money, and you are right to squeeze every single coin you can

The only thing i would buy right now is a Litecoin miner from them.

From now on, I prefer to support Canaan, who offer a true solid miner and not something that probably broken after 6 months. (or 6 hours)

the E3 looks great ... but it's a 3 month pre-order ... and will it broke ?

If Innosilicon would get rid of the bloody high MOQ on their miners, I'd LOVE to start buying A4 units.

[adaseb]

Lately the entire mining section has gotten out of hand.

People doing nothing but bashing Bitcoin, bashing Bitmain, bashing Mining, bashing GPUs.

People writing in huge red texts. Getting really difficult to read pretty much.

Basically newbies arguing with other newbies.

This is the only down the earth thread.

[philipma1957]

Lately the entire mining section has gotten out of hand.

People doing nothing but bashing Bitcoin, bashing Bitmain, bashing Mining, bashing GPUs.

People writing in huge red texts. Getting really difficult to read pretty much.

Basically newbies arguing with other newbies.

This is the only down the earth thread.

Well many of us are fully roi'd have zero debt on the gear.

So even if 24 1080ti's earn 50 a day and cost 13 usd to run it is still a net gain of 37 usd a day.

So far raven is okay makes a bit of coin.

the 10 bitmain L3+'s make a few dollars

It is still cold in nj which means $$.

 I paid my taxes and will file them soon.