Topic: AMHash1: Cost-Effective Mining Contract - page 93. (Read 304259 times)
So, any news at all about AmHash4? Two weeks ago it was supposed to be 2-3 weeks away so the issue is pretty imminent now I guess. What is the likely price going to be ? .0008 ? Lower ? Maybe, given the ballooning difficulty and constantly tanking BTC, it would be best to be ahead of the curve and have it at .0005.
I mean, when you´re looking at a perfect inverse correlation between production capacity and the price of product you have to admit that it smacks of some kind of fraud. Otherwise you´re totally delusional.
But anyway, in the unlikely event that you mining experts have any idea about how trading works maybe you can explain why being short what is being mined and traded - is constantly a 100% sure thing and very likely to remain so for a long time to come.
Chances are excellent that you´ll be looking at basically the same chart in another six months. Since most mining is located in China as well as trading of the product I guess the miners are not very long the product. More likely short. It´s probably a mining/dumping cartel over there that systematically milks this thing. Maybe it´s because the mining model is total nonsense. In the real world people don´t usually increase production capacity at an exponential rate the more what is being produced falls in value.
Chances are excellent that you´ll be looking at basically the same chart in another six months. Since most mining is located in China as well as trading of the product I guess the miners are not very long the product. More likely short. It´s probably a mining/dumping cartel over there that systematically milks this thing. Maybe it´s because the mining model is total nonsense. In the real world people don´t usually increase production capacity at an exponential rate the more what is being produced falls in value.
AMHASH shares are on the rise (0.00095). I think it will stabilize around .001 like I predicted earlier especially if btc price hits 300 which its on its way.
I'd like to share your optimism but with 20% dividend drop coming in 72 hours this price will be unsustainable at these levels because it would mean almost 6 months roi
@skuser
I like your site- ie: Live ROI calculations for cloud mining
It's handier than http://www.rigwarz.com/ which is not live. I merely use rigwarz as a guide to find companies and get their prices and costs so I can do my own profitability calculations.Would you be able to add a few more popular cloud mining companies to it? For example:
- MegaMine
- Bitcoin Cloud Services
- Genesis Mining
- Cloud Mining Website.com
- Hashlet Genesis
Thanks for ideas, I am currently listing only those who were classified as non-ponzi in Puppet's thread, it's useless to calculate anything on pyramid schemes...Will have a look at those you suggested anyway
Well, fortunately I have ignored the help from people that have been telling me to buy and hold BTC for a year now. So chances are that this will work just as well for me as other helpers in this bitcoin mess are concerned.
Well, unfortunately for you, you also ignored those who warned you against "investing" in ponzis that refuse to provide any evidence of legitimacy and got ripped off by pbmining and hashie, and you're just waiting to get ripped off by a couple of other ponzis too.
Investing in legitimate cloudmining without even a basic understanding of how mining works is just asking to get burnt.
Mabsark has a good record about calling out scams/fraud/ponzi. Kudos to him/her.
And galdur just got added to the 'ignore list'
I´m just devastated to be ignored by some contentless nobodies on the internet but will have to try to live with it. Myself I have tons of it on ignore so as not to waste too much time going over these threads.
Well, fortunately I have ignored the help from people that have been telling me to buy and hold BTC for a year now. So chances are that this will work just as well for me as other helpers in this bitcoin mess are concerned.
Well, unfortunately for you, you also ignored those who warned you against "investing" in ponzis that refuse to provide any evidence of legitimacy and got ripped off by pbmining and hashie, and you're just waiting to get ripped off by a couple of other ponzis too.
Investing in legitimate cloudmining without even a basic understanding of how mining works is just asking to get burnt.
Well, at least I have enough sense to not hold something that has no volume and constantly falls in value. But I´ve actually done very well in cloud mining and trading shit. The amount x I started out with last summer and haven´t added anything to since then now earns 1.3 x per month so I´m good.
Galdur: read Satoshi's original paper and take a basic economics class, then come back and see us.
Well, fortunately I have ignored the help from people that have been telling me to buy and hold BTC for a year now. So chances are that this will work just as well for me as other helpers in this bitcoin mess are concerned.
Well, unfortunately for you, you also ignored those who warned you against "investing" in ponzis that refuse to provide any evidence of legitimacy and got ripped off by pbmining and hashie, and you're just waiting to get ripped off by a couple of other ponzis too.
Investing in legitimate cloudmining without even a basic understanding of how mining works is just asking to get burnt.
Mabsark has a good record about calling out scams/fraud/ponzi. Kudos to him/her.
And galdur just got added to the 'ignore list'
You know you guys can just ignore Galdur, right? Do that, and the page depth goes from 75 down to 30 worth in actual content. Dude is trolling hard now...
@Galdur -- Your post history suggests you lurk around the forums for something like 12 hours a day (if not more). Take a breath, and go outside. You'll feel much better afterward.
@Galdur -- Your post history suggests you lurk around the forums for something like 12 hours a day (if not more). Take a breath, and go outside. You'll feel much better afterward.
Well, fortunately I have ignored the help from people that have been telling me to buy and hold BTC for a year now. So chances are that this will work just as well for me as other helpers in this bitcoin mess are concerned.
Well, unfortunately for you, you also ignored those who warned you against "investing" in ponzis that refuse to provide any evidence of legitimacy and got ripped off by pbmining and hashie, and you're just waiting to get ripped off by a couple of other ponzis too.
Investing in legitimate cloudmining without even a basic understanding of how mining works is just asking to get burnt.
lol, really? People are trying to help you and explain it and now we're part of a cult? You're the one who seems to have a problem with a concept as simple as 'average'. Furthermore, btc price has nothing to do with mining and mining difficulty but you won't get that either I'm guessing. I'm done and welcome to my ignore list.
Well, fortunately I have ignored the help from people that have been telling me to buy and hold BTC for a year now. So chances are that this will work just as well for me as other helpers in this bitcoin mess are concerned.
lol, really? People are trying to help you and explain it and now we're part of a cult? You're the one who seems to have a problem with a concept as simple as 'average'. Furthermore, btc price has nothing to do with mining and mining difficulty but you won't get that either I'm guessing. I'm done and welcome to my ignore list.
And I´ve heard way too many failed excuses from bitcoin cultists since last spring over the constantly tanking BTC to take excuses from mining experts of that same cult at face value. Something stinks about how this difficulty forms.
I guess they jack up the hashrate, then take it down when a few hundred blocks are left to determine the desired end result. Since the 2016 block rate ends up as the eventual difficulty increase and it lags the rate of the last blocks they jack the rate up again at the end to square the books. Total manipulation. This time it looks like they get to scam customers out of 8% of payouts for the next period.
As Gws24 wrote, next difficulty is calculated for the entire 2016 block period! So there's no way how can someone make a profit from this. There is no central authority, no banks etc. If someone does what you think it is done, it will affect this subject as well.
If you have 23 PH/s it's best to turn it on and mine as much as you can.
For all I know there could be a cartel in China screwing with this mess. Maybe they don´t really subscribe to all those noble bitcoin ideals of us here in the west. Most mining and dumping of BTC takes place in China, right ? I´m sure it´s being done in the most systematic way.
As a sidenote, when we're talking about hashrate we're actually talking about observed hashrate. The blockchain doesn't know the hashrate and neither does the algorithm that calculates difficulty. All it uses is the time that was needed to generate 2016 blocks and if the average time between blocks was lower than 10 minutes diff goes up and if it was higher diff goes down.
EDIT: Galdur, if you still don't understand I suggest you open a new topic about it the mining subforum; it's a bit offtopic here.
EDIT: Galdur, if you still don't understand I suggest you open a new topic about it the mining subforum; it's a bit offtopic here.
I guess they jack up the hashrate, then take it down when a few hundred blocks are left to determine the desired end result. Since the 2016 block rate ends up as the eventual difficulty increase and it lags the rate of the last blocks they jack the rate up again at the end to square the books. Total manipulation. This time it looks like they get to scam customers out of 8% of payouts for the next period.
As Gws24 wrote, next difficulty is calculated for the entire 2016 block period! So there's no way how can someone make a profit from this. There is no central authority, no banks etc. If someone does what you think it is done, it will affect this subject as well.
If you have 23 PH/s it's best to turn it on and mine as much as you can.
The average hashrate over 2016 blocks is NOT FLAT..........
If your looking at the average hashrate reported by bitcoinwisdom (grey line) then you need to know that it is calculated over only the last 504 blocks but diff is calculated over the last 2016 blocks (green line) and then the average hashrate is not flat.
If your looking at the average hashrate reported by bitcoinwisdom (grey line) then you need to know that it is calculated over only the last 504 blocks but diff is calculated over the last 2016 blocks (green line) and then the average hashrate is not flat.
Because the difficulty is calculated over the entire 2016 block period! Your only looking at the begin and end points of the hashrate but diff as said is calculated over the entire period and thus the average hashrate in that period.
An analogy would be to think of a car going 60 mph and the diff is the distance travelled in a given timeframe. If the car keeps steady at 60 then diff will be x but if the car speeds up in between to say 100 mph and then goes back to 60 mph at the end of the timeframe the distance travelled will be larger because the average speed over the timeframe was higher and thus the diff wil be >x despite the begin and speeds being 60 mph.
An analogy would be to think of a car going 60 mph and the diff is the distance travelled in a given timeframe. If the car keeps steady at 60 then diff will be x but if the car speeds up in between to say 100 mph and then goes back to 60 mph at the end of the timeframe the distance travelled will be larger because the average speed over the timeframe was higher and thus the diff wil be >x despite the begin and speeds being 60 mph.
Yeah, I know that too. But the question still stands
Hashrate on 12/30 290,919,288 GH/s
now 291,423,304 GH/s
FLAT
Diff. estimate now ca. +8%
Where is the 23 PH/s increase (290 PH/s + 8%) in hashrate going to come from ?
Somehow I doubt that the estimate will tank to about zero in two days.
Read this part again:
Because the difficulty is calculated over the entire 2016 block period! Your only looking at the begin and end points of the hashrate but diff as said is calculated over the entire period and thus the average hashrate in that period.
An analogy would be to think of a car going 60 mph and the diff is the distance travelled in a given timeframe. If the car keeps steady at 60 then diff will be x but if the car speeds up in between to say 100 mph and then goes back to 60 mph at the end of the timeframe the distance travelled will be larger because the average speed over the timeframe was higher and thus the diff wil be >x despite the begin and speeds being 60 mph.
An analogy would be to think of a car going 60 mph and the diff is the distance travelled in a given timeframe. If the car keeps steady at 60 then diff will be x but if the car speeds up in between to say 100 mph and then goes back to 60 mph at the end of the timeframe the distance travelled will be larger because the average speed over the timeframe was higher and thus the diff wil be >x despite the begin and speeds being 60 mph.
The hashrate climbed quickly to ~330 Ph about 1/2 way through the last difficulty. A few days ago, hashrate has dropped to ~290 Ph. Since the difficulty to measured across 2016 blocks and not instantly, and the 1st 1/2 of this difficulty was during high hashrate, the difficulty will increase even with the hashrate drop. Because the hashrate is going to be under the next difficulty, there may be a drop in the difficulty after next.
Please read more about blocks and difficulty before you post again instead of shooting out dozens of poorly made posts a day.
I guess they jack up the hashrate, then take it down when a few hundred blocks are left to determine the desired end result. Since the 2016 block rate ends up as the eventual difficulty increase and it lags the rate of the last blocks they jack the rate up again at the end to square the books. Total manipulation. This time it looks like they get to scam customers out of 8% of payouts for the next period.
Because the difficulty is calculated over the entire 2016 block period! Your only looking at the begin and end points of the hashrate but diff as said is calculated over the entire period and thus the average hashrate in that period.
An analogy would be to think of a car going 60 mph and the diff is the distance travelled in a given timeframe. If the car keeps steady at 60 then diff will be x but if the car speeds up in between to say 100 mph and then goes back to 60 mph at the end of the timeframe the distance travelled will be larger because the average speed over the timeframe was higher and thus the diff wil be >x despite the begin and speeds being 60 mph.
An analogy would be to think of a car going 60 mph and the diff is the distance travelled in a given timeframe. If the car keeps steady at 60 then diff will be x but if the car speeds up in between to say 100 mph and then goes back to 60 mph at the end of the timeframe the distance travelled will be larger because the average speed over the timeframe was higher and thus the diff wil be >x despite the begin and speeds being 60 mph.
Yeah, I know that too. But the question still stands
Hashrate on 12/30 290,919,288 GH/s
now 291,423,304 GH/s
FLAT
Diff. estimate now ca. +8%
Where is the 23 PH/s increase (290 PH/s + 8%) in hashrate going to come from ?
Somehow I doubt that the estimate will tank to about zero in two days.
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