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NomadGroup
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January 02, 2020, 10:40:54 AM |
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Yes, Happy new Year’s to all guys and happy mining, if Lord wants we will have great luck this year! Mine on!  Kano, that reminds me about the halving that is supposed to take place in May I believe. Wanted to know, what are your thoughts on that? You think that the BTC will grow in price substantially? Because if it doesn’t I don’t see how any miner would be able to stay afloat (not to mention those who has free electricity), since we will be getting only 6 btc instead of 12 after that, correct? Thanks!  |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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kano (OP)
Legendary
 Offline
Activity: 4466
Merit: 1800
Linux since 1997 RedHat 4
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January 02, 2020, 12:15:41 PM |
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Here are some possibilities (1 or more possible): 1) The Price vs Diff vs Reward is too low for most miners, many drop out, diff drops to correct that 2) Price goes up (eventually) due to the reduction in the supply of generated BTC or other market reasons 3) Transaction fees will (of course) become twice the % of the block reward if they don't change i.e. if there was an average of 0.5 BTC in txn fees per block, that's 4% of 12.5 but 8% of 6.25 This % of course doubles each halving, which is why PPS pools started paying FPPS, but they still charge more (and some of them don't have enough BTC to stop going bankrupt) What will happen? NFI But we'll find out in about 5 months or so. Don't forget, this will be the 3rd halving, we've survived the previous ones, this is not new. |
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NomadGroup
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January 02, 2020, 12:28:50 PM |
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Here are some possibilities (1 or more possible): 1) The Price vs Diff vs Reward is too low for most miners, many drop out, diff drops to correct that 2) Price goes up (eventually) due to the reduction in the supply of generated BTC or other market reasons 3) Transaction fees will (of course) become twice the % of the block reward if they don't change i.e. if there was an average of 0.5 BTC in txn fees per block, that's 4% of 12.5 but 8% of 6.25 This % of course doubles each halving, which is why PPS pools started paying FPPS, but they still charge more (and some of them don't have enough BTC to stop going bankrupt) What will happen? NFI But we'll find out in about 5 months or so. Don't forget, this will be the 3rd halving, we've survived the previous ones, this is not new. Thanks for your output! |
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MoparMiningLLC
aka Stryfe
Legendary
 Online
Activity: 2058
Merit: 2201
EIN: 82-3893490
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January 03, 2020, 05:12:54 PM |
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....
kind of in the wrong spot - should post this in he altcoin area. |
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jimbocuzzi
Copper Member
Jr. Member
Offline
Activity: 121
Merit: 2
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I have some bitmain coupons let me know if you want them.
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NomadGroup
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January 09, 2020, 03:23:48 PM |
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I have some bitmain coupons let me know if you want them.
Bro, what kind of coupons you have? |
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VRobb
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January 09, 2020, 03:55:55 PM |
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Woo Hoo! Finally got my S17 up on the Pool and I can now state my hashrate in PHs... More than 1/8th PHs!! Oh the speed!!   Mine ON! |
I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc
These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70
Pushing a whopping 1/5 PH! Oh The SPEED!!!
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NomadGroup
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January 09, 2020, 04:06:53 PM |
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Woo Hoo! Finally got my S17 up on the Pool and I can now state my hashrate in PHs... More than 1/8th PHs!! Oh the speed!! Mine ON! Nice! Although if you’re talking about having more than 125 TH I believe you’re still in TH Bro |
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NomadGroup
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January 09, 2020, 04:09:51 PM |
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Woo Hoo! Finally got my S17 up on the Pool and I can now state my hashrate in PHs... More than 1/8th PHs!! Oh the speed!! Mine ON! Are you in the U.S? If yes, how much tax you had to pay in total if not a secret?  |
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VRobb
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January 09, 2020, 05:20:04 PM |
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I'm in the US, but all except the R4 were sent to the Ice Mines of Hoth in the Great White North. So no Trump tax for me!
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I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc
These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70
Pushing a whopping 1/5 PH! Oh The SPEED!!!
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MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2058
Merit: 2201
EIN: 82-3893490
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January 09, 2020, 11:39:33 PM |
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I have some bitmain coupons let me know if you want them.
Bro, what kind of coupons you have? I got them from him, it was a $41 and a $153 but they expire at end of January and will only let me apply them to spot orders which right now is limited to the S9's of which these both only will credit about $10 to the order - was hoping to use them on a T17, at least to use the 153 on a T17 and maybe the 41 on a S9 but that 10% of order thing just kills the coupons. |
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Biffa
Legendary
Offline
Activity: 3220
Merit: 1220
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January 10, 2020, 09:21:25 AM |
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I have some bitmain coupons let me know if you want them.
Bro, what kind of coupons you have? I got them from him, it was a $41 and a $153 but they expire at end of January and will only let me apply them to spot orders which right now is limited to the S9's of which these both only will credit about $10 to the order - was hoping to use them on a T17, at least to use the 153 on a T17 and maybe the 41 on a S9 but that 10% of order thing just kills the coupons. The spot order thing is new, my 10% Jan 31 coupons allow me to allocate them to any type of order. And you can combine them. But you can't combine them with the unlimited date coupons. |
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MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2058
Merit: 2201
EIN: 82-3893490
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January 10, 2020, 01:27:06 PM |
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I have some bitmain coupons let me know if you want them.
Bro, what kind of coupons you have? I got them from him, it was a $41 and a $153 but they expire at end of January and will only let me apply them to spot orders which right now is limited to the S9's of which these both only will credit about $10 to the order - was hoping to use them on a T17, at least to use the 153 on a T17 and maybe the 41 on a S9 but that 10% of order thing just kills the coupons. The spot order thing is new, my 10% Jan 31 coupons allow me to allocate them to any type of order. And you can combine them. But you can't combine them with the unlimited date coupons. I stand corrected - I found there is a button I have to click (it does not show well on my phone) to switch between purchase coupons and order coupons. I also have coupons which are 150 and I can use those one per miner vs using the 153 + 41 for 194 off an order - the order would have to be for 1,940 to use both which means at least 2 miners. Either way, I need to decide tonight what I will order. I also emailed Carol @ Bitmain to see if there was any way to use both a purchase and an order coupon on the same order. I pretty much know the answer but maybe they will be greedy for another sale? |
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NomadGroup
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January 10, 2020, 04:16:40 PM |
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I'm in the US, but all except the R4 were sent to the Ice Mines of Hoth in the Great White North. So no Trump tax for me!
I have no idea where that is but can I send some to you and then come and pick them up from Texas? Or is it a long drive and I better just pay the Trump? |
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NomadGroup
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January 10, 2020, 04:18:24 PM |
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I have some bitmain coupons let me know if you want them.
Bro, what kind of coupons you have? I got them from him, it was a $41 and a $153 but they expire at end of January and will only let me apply them to spot orders which right now is limited to the S9's of which these both only will credit about $10 to the order - was hoping to use them on a T17, at least to use the 153 on a T17 and maybe the 41 on a S9 but that 10% of order thing just kills the coupons. I see. Yeah usually they don’t let you spend them on what’s really needed.  |
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VRobb
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January 10, 2020, 08:33:06 PM |
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I'm in the US, but all except the R4 were sent to the Ice Mines of Hoth in the Great White North. So no Trump tax for me!
I have no idea where that is but can I send some to you and then come and pick them up from Texas? Or is it a long drive and I better just pay the Trump? Great White North = Canada so I'd say no... Bob & Doug McKenzie anyone? Anyone? Bueller? Also, It was CAD97.42 Customs into Canada for an S17. |
I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc
These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70
Pushing a whopping 1/5 PH! Oh The SPEED!!!
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Artemis3
Legendary
Offline
Activity: 2016
Merit: 1563
CLEAN non GPL infringing code made in Rust lang
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January 12, 2020, 09:39:01 PM |
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I'm in the US, but all except the R4 were sent to the Ice Mines of Hoth in the Great White North. So no Trump tax for me! I own an R4 still running it 24/7 but we don't get winter in the tropics, my question is: Does the R4 makes for a good space heater? Or you need something stronger? |
█████████████████████████
██████████████████████████
██████████████████████████
███████████████████████████ | BRAIINS OS+| | AUTOTUNING
MINING FIRMWARE| | Increase hashrate on your Bitcoin ASICs,
improve efficiency as much as 25%, and
get 0% pool fees on Braiins Pool | |
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kano (OP)
Legendary
Offline
Activity: 4466
Merit: 1800
Linux since 1997 RedHat 4
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January 12, 2020, 10:53:28 PM |
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I'm in the US, but all except the R4 were sent to the Ice Mines of Hoth in the Great White North. So no Trump tax for me! I own an R4 still running it 24/7 but we don't get winter in the tropics, my question is: Does the R4 makes for a good space heater? Or you need something stronger? Well if it was mining here that might help |
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VRobb
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January 12, 2020, 11:05:23 PM |
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I use my R4 as a space heater, and mine here with it...  At ~800W it's the same as running one on low setting. Which is enough for winter where I live. As always, YMMV. |
I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc
These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70
Pushing a whopping 1/5 PH! Oh The SPEED!!!
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Bigsky
Jr. Member
Offline
Activity: 57
Merit: 10
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January 13, 2020, 12:05:43 PM |
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This is most awesome news that the accounting software is done and nearly ready
to be switched on...thanks Kano
Stryfe said
I know this is a long time in coming but ultimately this ends up being just a few
cents to maybe a couple of dollars. I do not think anyone has a substantial amount of unpaid "dust"
Well, I have over .3btc in "dust" as I erroneously mined here for over a month
nearly 2 and a half years ago
I have kept mining here ever since then, even though most of the last year it was
costing me more to run my s9's and t9's than I was earning from them after
paying hosting fees in Iowa
When I get it I will probably update the old s9's and t9's to a few s17, but will have to send
them further north to avoid the trump tax in Iowa, BTW is there any demand for a few old s9/t9
units in Bettendorp, s9's running two boards t9's appear all good...all early models
cheers
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