crazyivan
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November 26, 2015, 08:34:49 AM |
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I honestly think home and cloud individual mining s been almost over. Only people who can afford to recycle and replace miners every few months, in combination with nearly free electricity, ll stay in the game.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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galdur
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November 26, 2015, 09:09:04 PM |
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Wow, between blocks 385453 and 385487 they find 12 or more than a third. That is impressive. In their shoes I´d be busy ballooning the difficulty and trying my best to kill off the weakest of the competition in the cloud mining business by wiping out their payouts. Oh, that´s exactly what they´ve been doing
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Jimmy Wales
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November 26, 2015, 09:23:03 PM |
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Wow, between blocks 385453 and 385487 they find 12 or more than a third. That is impressive. In their shoes I´d be busy ballooning the difficulty and trying my best to kill off the weakest of the competition in the cloud mining business by wiping out their payouts. Oh, that´s exactly what they´ve been doing Unfortunately, there are certain cloud mining players who can survive without mining a single block. You cant kill them if you have 100% hashpower.
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galdur
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November 26, 2015, 09:27:18 PM |
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Wow, between blocks 385453 and 385487 they find 12 or more than a third. That is impressive. In their shoes I´d be busy ballooning the difficulty and trying my best to kill off the weakest of the competition in the cloud mining business by wiping out their payouts. Oh, that´s exactly what they´ve been doing Unfortunately, there are certain cloud mining players who can survive without mining a single block. You cant kill them if you have 100% hashpower. It´s not about having 100% hashpower but increasing market share. Not sure if some scams that have no hashpower at all to begin with are meaningful in this market. Do you have any specific examples?
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crazyivan
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November 27, 2015, 10:15:50 AM |
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I see the average luck s been going down. Strange, it should not have this high variations.
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skuser
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November 27, 2015, 10:31:04 AM |
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I see the average luck s been going down. Strange, it should not have this high variations.
Where do yo see it? Luck has been over average for last week including extreme lucky yesterday...so it's going down from extremes: 24 Hours 3 Day 1 Week 2 Weeks 1 Month 3 Months All 130.00% 121.00% 112.00% 105.00% 98.00% 100.00% 101.00% https://www.antpool.com/poolStats.htmedit: I got what you meant...so many days in a row with above average luck should not theorethically happen...
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psy112
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November 30, 2015, 02:08:43 PM |
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How come it says in the shop Miner Sales
1. The price of miner sales is fixed at US Dollor. The CoinDesk BPI price is used to determine a real-time bitcoin price.
But it's not fixed to usd? The price is $300 higher then it was 2 days ago. It was $1860 then and now $2099
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wlefever
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Merit: 1001
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November 30, 2015, 02:54:14 PM |
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How come it says in the shop Miner Sales
1. The price of miner sales is fixed at US Dollor. The CoinDesk BPI price is used to determine a real-time bitcoin price.
But it's not fixed to usd? The price is $300 higher then it was 2 days ago. It was $1860 then and now $2099
It's fixed at USD for short term purposes, but it doesn't say they can't increase or decrease the fixed USD amount if bitcoin prices swing a good bit either direction. They have typically always adjusted the shop prices based on btc swings over $15(roughly). They don't want to devalue their new miner that quickly, and they also don't mind mining for themselves while those S7 sit in the shop on Hashnest.
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psy112
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November 30, 2015, 07:03:28 PM |
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How come it says in the shop Miner Sales
1. The price of miner sales is fixed at US Dollor. The CoinDesk BPI price is used to determine a real-time bitcoin price.
But it's not fixed to usd? The price is $300 higher then it was 2 days ago. It was $1860 then and now $2099
It's fixed at USD for short term purposes, but it doesn't say they can't increase or decrease the fixed USD amount if bitcoin prices swing a good bit either direction. They have typically always adjusted the shop prices based on btc swings over $15(roughly). They don't want to devalue their new miner that quickly, and they also don't mind mining for themselves while those S7 sit in the shop on Hashnest. That sucks, because i was waiting on buying them cheap with btc now that the btc price is going up ;P but then i can drop that thought ;P lol
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newcoins1978
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November 30, 2015, 10:49:44 PM |
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S5 again at bargain prices even considering another +10% diff jump next period. But the question is how many +10% diff changes are yet to come Yeah it makes no sense to buy it now. There's too much hash coming online. I will wait for 1Th to be 0.4 BTC before I will buy on the market.
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bitlancr
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December 01, 2015, 12:38:24 AM |
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S5 again at bargain prices even considering another +10% diff jump next period. But the question is how many +10% diff changes are yet to come Yeah it makes no sense to buy it now. There's too much hash coming online. I will wait for 1Th to be 0.4 BTC before I will buy on the market. With so much sell orders on the market, the price will be reach there before friday. It's weird right. When bitcoin was at 250 dollars 1.5 months ago, the price was 1.1 BTC. How fast can it change.
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crazyivan
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December 01, 2015, 08:02:12 AM |
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Still I m surprised China can deliver so much hash over such a short period of time.
20% on this base is huge number of new farms or old hash being online due to the price increase.
However, that s the market, if you cannot play with the big boys, stay out.
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galdur
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December 01, 2015, 11:01:31 AM |
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China does most of the mining and also trading of coins. So, expect Bitcoin price to be pretty range bound looking forward. Of course the range will rise with higher difficulty, the bottom of the range will be profitably above the cost of production.
The range this year until recently was ca. 220-300, the new one being presently formed may be about 320-400 or thereabouts. It´s difficult to estimate this exactly, if difficulty continues ballooning, it can all change quickly.
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PesiHUN
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December 01, 2015, 11:38:03 AM |
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When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%
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DebitMe
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Get Paid Crypto To Walk or Drive
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December 01, 2015, 01:51:43 PM |
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When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%
That is because difficulty also plays a part in the calculation, so the bitcoin price was $300 but difficulty was lower, so maintenance was lower.
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jackg
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https://bit.ly/387FXHi lightning theory
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December 01, 2015, 06:26:13 PM |
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When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%
That is because difficulty also plays a part in the calculation, so the bitcoin price was $300 but difficulty was lower, so maintenance was lower. HMM... Yes; as the difficulty increases, the amount that has been got by the miner will decrease (theoretically). However, if it has not stayed at the same price (and increased) then there is a problem. I bought 40GHs S3 and its very good! (bought around a week ago and maid ~0.01 mbtc!)
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Ulloa
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December 02, 2015, 02:26:36 AM |
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To me hashnest has become like other services. Just being greedy and wants every penny of their customers.
They have proven this by the block scam they did some weeks ago.
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DebitMe
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December 02, 2015, 02:49:00 AM |
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To me hashnest has become like other services. Just being greedy and wants every penny of their customers.
They have proven this by the block scam they did some weeks ago.
Care to explain the bolded part? You can't just spout nonsense and not back it up, that's what makes you a troll.
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crazyivan
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December 02, 2015, 08:01:33 AM |
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When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%
What does that tell you? Since they re basically the only ones in the market with proven mining operations, they can do whatever they want.
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