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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 833213 times)
philipma1957
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September 18, 2013, 10:33:46 AM
 #4481

Note, take the average speed 2.45GH/s and assuming the network growth is only 20% each change
(network % diff has averaged more than 20% for the last10 diff changes and averaged more than 30% for the last 4)
They will generate:
~0.73208400BTC in 200 days if you get it today (and not much more but possibly a lot less)
 

I am lazy this morning:

use 15% and let me know what you get in 200 days.  better yet use 20% for 100 days and 5% for 100 days and tell me those numbers. .   and if I buy 100 and sell 60 of them on ebay with a small profit say buy for .9btc sell for 140usd.  the ones I keep cost under .7 btc

 btw i consider them to be a bit over priced.  but such is that with most asic gear if it delivers fast it cost too much.  


these are going to replace AM sticks and close to 50000 sticks have been sold by Canaryinthemine :


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September 18, 2013, 12:27:03 PM
 #4482

Drat, a stale after 10 hours...   Undecided And a 13 minute one right after that to sweeten the deal Smiley

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September 18, 2013, 12:28:44 PM
 #4483

...
and close to 50000 sticks have been sold by Canaryinthemine :
...
Yes that is indeed a lot of BTC people have lost buying them.
No one has yet bought an AsicMiner USB from AsicMiner or his distributors and mined BTC on PPS (or equivalent) the amount it cost to buy
I know, coz I got pretty much the very first one (sent to me as a dev and I'm closer to HK than the USA) and it's made less than 0.9245165645
 BTC so far if it had been mining PPS non stop since the day after I got it ... 13-May ... and they initially sold for ~2BTC ... ouch.

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September 18, 2013, 05:03:48 PM
 #4484

Welcome home, boozer Smiley

to the dr.   do these sticks work plug n play?


https://bitcointalk.org/index.php?topic=296301.new#new    these will be the 'new'  usb stick of choice .

No, this is a new device. I'll see about adding support for them.

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September 18, 2013, 06:13:06 PM
 #4485

We could organise a group buy only for Bitminter users with these new hashing units ?

Philipma1957 you seem really into the buying and reselling stuff... could you do that ?

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philipma1957
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September 18, 2013, 07:17:59 PM
 #4486

We could organise a group buy only for Bitminter users with these new hashing units ?

Philipma1957 you seem really into the buying and reselling stuff... could you do that ?

maybe. 


 I have pm'd ssinc about a large order.  the key to me doing this is the dr gets it working on bitminter  as a plug n play.  if 1 am stick does .333 and 1 of these does 2.3gh on the same hub with the same power it is a huge improvement. it would be 7x the hash for the same power.


https://bitcointalk.org/index.php?topic=296301.0


 he offered a discount if I buy a lot. I don't gouge for profit. If I made .02 btc on a .90 btc sale it might work for me.

 but I would only do this if the dr lets me know they run easy on his client.  No commitment  to this yet as I need to figure out prices with ssinc and the stick needs the dr support.  One thing is it would be for the dr website as I have done all my in house mining with him using just the java client.

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September 18, 2013, 07:45:13 PM
 #4487

I have only been in the mining side of bitcoin for a month. Is this a common day? 3 stale in one day? WTH is going on?? It's bad enough that I read all the bad quotes about the am stick I apparently wasted my bc on, Now this! (Bitcoin will die if this don't get better) FRUSTRATIONS!!!&%*#@@&!!  That's all for now


By the way Doc, thanx for all you do to keep this easy for the programing challaged!
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September 18, 2013, 08:04:10 PM
 #4488

the key to me doing this is the dr gets it working on bitminter  as a plug n play.

I'm looking into this. These "Red Fury" units apparently show up as virtual serial (COM) ports. That may make it possible to add support quickly and easily since that kind of thing is in the client already.

Is this a common day? 3 stale in one day?

No, that's incredibly bad luck. Sad

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September 18, 2013, 08:10:14 PM
 #4489

i must say i love bitminter Smiley the only pool i have been able to make anything off of when it comes to BTC Smiley

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September 18, 2013, 08:25:50 PM
 #4490

I just started mining at the start of this week, apparently bitminter seems to be really user friendly.

If Phillipma is to help boost the mining effort of the pool by offering to sell more powerful asic sticks, then it does sounds really good for the whole pool.

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September 18, 2013, 08:45:00 PM
 #4491

We could organise a group buy only for Bitminter users with these new hashing units ?

Philipma1957 you seem really into the buying and reselling stuff... could you do that ?

maybe.  


 I have pm'd ssinc about a large order.  the key to me doing this is the dr gets it working on bitminter  as a plug n play.  if 1 am stick does .333 and 1 of these does 2.3gh on the same hub with the same power it is a huge improvement. it would be 7x the hash for the same power.


https://bitcointalk.org/index.php?topic=296301.0


 he offered a discount if I buy a lot. I don't gouge for profit. If I made .02 btc on a .90 btc sale it might work for me.

 but I would only do this if the dr lets me know they run easy on his client.  No commitment  to this yet as I need to figure out prices with ssinc and the stick needs the dr support.  One thing is it would be for the dr website as I have done all my in house mining with him using just the java client.

THX let us know when you have the details.

what about these prices !?!? https://bitcointalk.org/index.php?topic=291456.0

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philipma1957
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September 18, 2013, 09:01:05 PM
 #4492

We could organise a group buy only for Bitminter users with these new hashing units ?

Philipma1957 you seem really into the buying and reselling stuff... could you do that ?

maybe.  


 I have pm'd ssinc about a large order.  the key to me doing this is the dr gets it working on bitminter  as a plug n play.  if 1 am stick does .333 and 1 of these does 2.3gh on the same hub with the same power it is a huge improvement. it would be 7x the hash for the same power.


https://bitcointalk.org/index.php?topic=296301.0


 he offered a discount if I buy a lot. I don't gouge for profit. If I made .02 btc on a .90 btc sale it might work for me.

 but I would only do this if the dr lets me know they run easy on his client.  No commitment  to this yet as I need to figure out prices with ssinc and the stick needs the dr support.  One thing is it would be for the dr website as I have done all my in house mining with him using just the java client.

THX let us know when you have the details.

what about these prices !?!? https://bitcointalk.org/index.php?topic=291456.0

the second stick has no heat sink and is just a bit behind in time. 2 weeks slower.  before them come out.

the first stick cost more .  but it does exist and it actually works as advertised. 

  I have talked a bit with both sellers. both seem to be decent guys.  There seems to be interest from the dr's pool members.  I am going to buy some coins from coinbase today and  for the next 3 days. I am going to pm both  guys and see if the dr can get these to work.

 If we do A buy for the dr's pool members I will front the btc and not expect any money from anyone. until they are in my hands and work on the doctors pool. I would  sell for very low markup a minimum of 2 sticks per sale. Not sure about the max per buyer.

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September 18, 2013, 09:33:24 PM
 #4493

I just purchased 5 btc   from coinbase.  I will get more coins on Thur. I am inclined to get 20 sticks from this seller

 https://bitcointalk.org/index.php?topic=296301.0 


 my cost would be  17 btc with free shipping.  I would get them about OCT 1-7. 


 If I pay .85 btc a coin and sell sets of 2 at  1.78 btc.

  I make .08 btc I can ship to the usa for .05 btc so my profit on a pair would be .03btc   

 for the buyer he gets a pair of in hand sticks that ran a day before I ship them.  it is a little better then buying directly from the link above. 


All this is very tentative, but in the ball park.  it is geared for the little guy. 

will you make money with 4.4gh at 1.78btc maybe maybe not..  of course if you are buying a lot of sticks buying direct from ssinc is better then buying from me.

I really believe that preorders should not be suffered on the btc community.  So if i do this they will be in hand and work on bitminter

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September 18, 2013, 10:00:29 PM
 #4494

Shipping to UK?

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September 18, 2013, 10:14:36 PM
 #4495

Note that a 2.7GH/s device (that is the maximum - I think they all average 2.45GH/s) will not return 0.9BTC
Their expected return, if KnC fails, would be ~0.8BTC after 200 days with 20% difficulty changes each 11 days
currently the last 10 difficulty changes have averaged over 20% and the last 4 have averaged over 30%

If KnC succeeds on time, the network difficulty change over the next 60 days will be something like 200% to 400% so nothing you buy today from anyone will return it's BTC amount

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September 18, 2013, 10:46:30 PM
 #4496

Note that a 2.7GH/s device (that is the maximum - I think they all average 2.45GH/s) will not return 0.9BTC
Their expected return, if KnC fails, would be ~0.8BTC after 200 days with 20% difficulty changes each 11 days
currently the last 10 difficulty changes have averaged over 20% and the last 4 have averaged over 30%

If KnC succeeds on time, the network difficulty change over the next 60 days will be something like 200% to 400% so nothing you buy today from anyone will return it's BTC amount


 show 20% for 100 days and  compare to 15% for 100 days.  

okay here it is  112 mill now is:

134.4      11 days of hash   = .1011  
161.28    ' days    of hash   = .0841    .1852
193.536   ' days    of hash  = .0702    .2554
232.24     ' days    of hash =  .0584    .3138
278.69     ' days    of hash  = .0487    .3625  
334.43     ' days    of  hash = .0405    .4030
401.31     ' days    of hash =  .0337    .4367
481.57     ' days   of hash  =  .0281    .4648
577.89     ' days   of hash  =  .0234    .4882         so 99 days at 20 % and you are correct  but look at 15%


128.8          .1058
148.12        .0915
170.338      .0797
195.888      .0695
225.272      .0602
259.062      .0523
297.922      .0456
342.610      .0396
394.002      .0343       .5785   so 99 days at 15%   you are at .5785 coins  you would get roi in under 250 days
453.100      .0299       .6084
512.065      .0264       .6348
599.224
689.108
792.474
911.345


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September 19, 2013, 12:08:02 AM
 #4497

You may want to calculate what happens when difficulty halves too, you know, for fun,  but that wont change the fact there is somewhere around 20PH thats been preordered and miners expect to come on line before february.

It will probably take longer than that, but even if none of those 28nm chips become reality over the next 100 days, BFL alone still has around 3PH worth of undelivered orders. and bitfury is not going away either (wouldnt even count asicminer and avalon out just yet). 

We just saw a dip in network speed, probably just random variation, but next difficulty is still projected to be +25% and thats before any of these new miners came online. 15% is a pipedream. You may as well calculate your winnings on satoshi dice based on the assumption you will have 5x more luck than average.
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September 19, 2013, 12:20:32 AM
 #4498

long term 20% is also not realistic. short term yes long term 1 year every 11 days at 20% will not happen

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September 19, 2013, 12:40:54 AM
 #4499

help Please,

I have my blade up but I don't know where to point it?
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September 19, 2013, 01:39:00 AM
 #4500

long term 20% is also not realistic. short term yes long term 1 year every 11 days at 20% will not happen
Hmm
20% every 11.67days for 100 days = 20% for the next 8.57 diff changes
1.2^8.57 = 4.77
Current difficulty of 112,628,548.66634709 = 806.2389 Th
So if in 100 days the network is 3846 Th (3.8 Ph) then 20% will be quite valid for the next 100 days

Lets try 200
20% every 11.67days for 200 days = 20% for the next 17.1 diff changes
1.2^17.1 = 22.6
Current difficulty of 112,628,548.66634709 = 806.2389 Th
So in 200 days the network would have to be 18221 Th (18.2 Ph)
Hmmm - not sure - depends on all the promises that are out there at the moment - most of which end up being somewhat empty so far Smiley

However, over the short term, the network is indeed jumping avg >30% - it has for the last 4
(and avg >20% for the last 10)

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
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