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Medow
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February 19, 2015, 08:42:06 PM |
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The home miner can still survive if we have a cheap gears with more efficiency on retails markets.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
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ElGabo
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February 19, 2015, 08:55:41 PM |
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here is the problem as I see it. if bitfury can run 50-100ph at 2 cents a kwatt and .2 watts a gh.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
70$ ? With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others? Are you sure? |
" I'm waiting for my punishment, I know it's on my way
So cut, cut, cut me up and fuck, fuck, fuck me up"
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VeritasSapere
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February 19, 2015, 09:14:06 PM |
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The home miner can still survive if we have a cheap gears with more efficiency on retails markets.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
The home miner can indeed survive, no centralized organization can challenge the power of the people together in consensus. Thank you spondoolies for continuing to pursue this plan. I think we can be victorious in the struggle to keep Bitcoin decentralized.  |
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philipma1957
Legendary
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Activity: 4102
Merit: 7763
'The right to privacy matters'
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February 19, 2015, 09:23:36 PM |
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here is the problem as I see it. if bitfury can run 50-100ph at 2 cents a kwatt and .2 watts a gh.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
70$ ? With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others? Are you sure? well power is 3.8 cents so I may be just a bit off. but lets do 3.8 cents and .3 watts a gh at 70 bucks and diff of 94 vs 44 they turn a profit over operating costs and go under op costs at diff of 129 but if they add 100ph in 2 weeks or so diff will not be 94 it will be 55. and they do not go bad until the price drops out to 70 and diff of 129. |
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Zelek Uther
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February 19, 2015, 11:21:50 PM |
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The home miner can still survive if we have a cheap gears with more efficiency on retails markets.
BitFury may have access to 30 MW facility but home miners have access to more large power (United) if they found cheap gears.
The home miner can indeed survive, no centralized organization can challenge the power of the people together in consensus. Thank you spondoolies for continuing to pursue this plan. I think we can be victorious in the struggle to keep Bitcoin decentralized. Well said. ST - I'm sure there are still retail customers interested in your 3rd gen product, I know I am! |
Run a Bitcoin node, support the network.
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samsonn25
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February 19, 2015, 11:32:43 PM |
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The biggest problem for small/home miners is access to technology. The cheaper power by the largest manufacturers/self miners are somewhat offset by the Asic research, design, and development, rent, and operational/maintenance costs.
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Biodom
Legendary
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Activity: 3738
Merit: 3844
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February 19, 2015, 11:33:21 PM |
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here is the problem as I see it. if bitfury can run 50-100ph at 2 cents a kwatt and .2 watts a gh.
they turn a profit at under 70 bucks a btc.
in fact if they run 100 ph and it uses 30 mega watts they still make money.
even if btc is 70 dollars a coin and diff is 100 vs the 44 is it now.
70$ ? With deploying cost, manufacturing cost, chip research and first manufacture cost, maintenance cost, investors money and investors profit and some others? Are you sure? well power is 3.8 cents so I may be just a bit off. but lets do 3.8 cents and .3 watts a gh at 70 bucks and diff of 94 vs 44 they turn a profit over operating costs and go under op costs at diff of 129 but if they add 100ph in 2 weeks or so diff will not be 94 it will be 55. and they do not go bad until the price drops out to 70 and diff of 129. maybe i don't get something, but don't they already have a large market share? would you rather have 30-40% market share with bitcoin at 240 vs, say, 60% with bitcoin at $70. i just don't see the benefit for them. re 3rd gen-I hope spondoolies does something interesting, but vibes from the main Guy here suggests otherwise, unless he is a poker player  . |
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mdude77
Legendary
Offline
Activity: 1540
Merit: 1001
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February 19, 2015, 11:47:39 PM |
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centralization incoming  If only everyone used p2pool....... If everyone did, the share difficulty would be through the roof. 2,222,770,798 if I understand it right.. p2pool is not the answer. a rewrite perhaps. but not in its current incarnation. M |
I mine at Kano's Pool because it pays the best and is completely transparent! Come join me! |
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PatMan
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February 19, 2015, 11:57:46 PM |
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centralization incoming If only everyone used p2pool....... If everyone did, the share difficulty would be through the roof. 2,222,770,798 if I understand it right.. p2pool is not the answer. a rewrite perhaps. but not in its current incarnation. M A rewrite is the only answer C coders apply within. |
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Biodom
Legendary
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Activity: 3738
Merit: 3844
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February 20, 2015, 12:32:49 AM |
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interesting-what is it? 21e6? |
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RealMalatesta
Legendary
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Activity: 2338
Merit: 1124
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February 20, 2015, 12:46:07 AM |
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wh00per
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February 20, 2015, 12:48:59 AM |
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No one codes C any more |
CSA/cUL Certified Power Distribution Panels - Basic, Switched, Metered. 1-3 phases. Up to 600V. NMC:N4F9qvHz11BHcc4nh1LCJFsrZhA1EWgVwj
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samsonn25
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February 20, 2015, 12:51:22 AM |
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interesting-what is it? 21e6? Even more powerful. Bitfurys new Georgia mine. Also surprising is they estimate 40% of all bitcoins mined are using their chips. I guess their new venture into immersion technology will give them another leg up. |
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mdude77
Legendary
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Activity: 1540
Merit: 1001
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February 20, 2015, 01:00:27 AM |
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interesting-what is it? 21e6? Even more powerful. Bitfurys new Georgia mine. Also surprising is they estimate 40% of all bitcoins mined are using their chips. I guess their new venture into immersion technology will give them another leg up. I was thinking about this today. I was around when the first great halving occurred. Now, like most small miners, I'm barely scraping by. If things don't change drastically, the next great halving will drive me out. M |
I mine at Kano's Pool because it pays the best and is completely transparent! Come join me! |
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bitsolutions
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February 20, 2015, 01:29:37 AM |
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centralization incoming If only everyone used p2pool....... If everyone did, the share difficulty would be through the roof. 2,222,770,798 if I understand it right.. p2pool is not the answer. a rewrite perhaps. but not in its current incarnation. M A rewrite is the only answer C coders apply within. The whole design of p2pool is not efficient for large scale farms due to the frequent work restarts. While this could be improved by rewriting it in C this is not really a viable end solution for decentralization. No one codes C any more Performance critical software is written in C such as cgminer and pool software like ckpool. |
Mining Software Developer.
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mdude77
Legendary
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Activity: 1540
Merit: 1001
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February 20, 2015, 01:32:20 AM |
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The whole design of p2pool is not efficient for large scale farms due to the frequent work restarts. While this could be improved by rewriting it in C this is not really a viable end solution for decentralization.
Yes, a rewrite means a redesign. The existing design is fatally flawed. M |
I mine at Kano's Pool because it pays the best and is completely transparent! Come join me! |
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stan258
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February 20, 2015, 01:44:59 AM |
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interesting-what is it? 21e6? Even more powerful. Bitfurys new Georgia mine. Also surprising is they estimate 40% of all bitcoins mined are using their chips. I guess their new venture into immersion technology will give them another leg up. I was thinking about this today. I was around when the first great halving occurred. Now, like most small miners, I'm barely scraping by. If things don't change drastically, the next great halving will drive me out. M Can the big guys cover the bills at the next halving? Payroll, taxes, facility up keep, Security? |
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mdude77
Legendary
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Activity: 1540
Merit: 1001
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February 20, 2015, 02:42:21 AM |
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Can the big guys cover the bills at the next halving? Payroll, taxes, facility up keep, Security?
If there is talk of them making money at $70, then I would say yes. M |
I mine at Kano's Pool because it pays the best and is completely transparent! Come join me! |
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stan258
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February 20, 2015, 02:45:11 AM |
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Can the big guys cover the bills at the next halving? Payroll, taxes, facility up keep, Security?
If there is talk of them making money at $70, then I would say yes. M If things stay the same I'm screwed and need to find another hobby. |
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