Thanks... i think then its best to create everything before, test it so that it runs fine and ship so you can turn it on and it mines.
What about merged mining? Did your coder look into it and was able to create something? Maybe he should check out what markm did here: https://bitcointalksearch.org/topic/ann-mergecoin-bitcoin-with-merged-mining-patches-applied-224087 It might be useful to work on this. Maybe bringing it forward will help your pool and markm's code, so you help each other. Merged mining seems to me like the best opportunity to maximize the mining income at the moment without having to switch coins to mine every hour. Would be a nice plus.
Topic: [HOSTING] High Cacacity & Density Bitcoin ASIC Hosting - page 3. (Read 9967 times)
In what form to send the miner? completely assembled burnin miner or should they be built into a 19" case?
Built into the 19" would be best for speed of getting them hashing. Or if you send the board and the parts with details instructions on how to mount them, I can mount them for you. Either way works, I am pretty handy with tools and computer equipment.
In what form to send the miner? completely assembled burnin miner or should they be built into a 19" case?
I am in. Will send a few miners to get started and build up from there. - bitcoinerS
Updated.
if my rigs earn 100 BTC per month the fees would be 9 BTC .
I presume this includes power
I presume this includes power
it better include power, you can run an Avalon @ 650 Watts in colocation for about EUR 90 / month
It includes power, hosting, management and cooling.
what I understand from this is
an Avalon makes about $10000 per month at present
you are going to charge 9% which is $900 For power, hosting, management and cooling .
cost of power is about $9.36 using 0.02 /kwh
Is this correct ?
what happens in December 2013 when hash rate is 4000 TH and difficulty is 525,536,000 and Avalon will be earning about $ 200 per month
will you now charge $18 ? --
what I am trying to say there must be a point where you will no longer want to host the Avalon -- (you losing money) just like a estimate what that hash rate / difficulty .
I have paid the carrying cost for 12 months so until next June it will be available. I assume next gen will be out by then so likely we will just cycle hardware. My goal is to continue this atleast for the next few years. It is a great option so you can get the most from your hardware.
if my rigs earn 100 BTC per month the fees would be 9 BTC .
I presume this includes power
I presume this includes power
it better include power, you can run an Avalon @ 650 Watts in colocation for about EUR 90 / month
It includes power, hosting, management and cooling.
what I understand from this is
an Avalon makes about $10000 per month at present
you are going to charge 9% which is $900 For power, hosting, management and cooling .
cost of power is about $9.36 using 0.02 /kwh
Is this correct ?
what happens in December 2013 when hash rate is 4000 TH and difficulty is 525,536,000 and Avalon will be earning about $ 200 per month
will you now charge $18 ? --
what I am trying to say there must be a point where you will no longer want to host the Avalon -- (you losing money) just like a estimate what that hash rate / difficulty .
if my rigs earn 100 BTC per month the fees would be 9 BTC .
I presume this includes power
I presume this includes power
it better include power, you can run an Avalon @ 650 Watts in colocation for about EUR 90 / month
It includes power, hosting, management and cooling.
Thank you everyone for you concern. We take our fee from the mining proceeds and then put the coins into storage where the client can request a withdrawal at any time. It is their hardware that is being manged on their behalf. Each person is responsible for their own regulations but at this point it is "only" guidance and there is noting explicit against managing a person's mining machine.
With that said, our fee is 9% and that is all inclusive. Demand has been strong and we are at the accepting hardware phase. I am driving out to the new site right now (5:50am PST).
With that said, our fee is 9% and that is all inclusive. Demand has been strong and we are at the accepting hardware phase. I am driving out to the new site right now (5:50am PST).
"With that said, our fee is 9% and that is all inclusive."
I not sure if I understand
if my rigs earn 100 BTC per month the fees would be 9 BTC .
I presume this includes power
Yes.
if my rigs earn 100 BTC per month the fees would be 9 BTC .
I presume this includes power
I presume this includes power
it better include power, you can run an Avalon @ 650 Watts in colocation for about EUR 90 / month
Thank you everyone for you concern. We take our fee from the mining proceeds and then put the coins into storage where the client can request a withdrawal at any time. It is their hardware that is being manged on their behalf. Each person is responsible for their own regulations but at this point it is "only" guidance and there is noting explicit against managing a person's mining machine.
With that said, our fee is 9% and that is all inclusive. Demand has been strong and we are at the accepting hardware phase. I am driving out to the new site right now (5:50am PST).
With that said, our fee is 9% and that is all inclusive. Demand has been strong and we are at the accepting hardware phase. I am driving out to the new site right now (5:50am PST).
"With that said, our fee is 9% and that is all inclusive."
I not sure if I understand
if my rigs earn 100 BTC per month the fees would be 9 BTC .
I presume this includes power
Well, at least one is reading carefully. Thanks gektek.
My personal recommendation is, report your earnings and pay taxes. Remember how they caught Al.
My personal recommendation is, report your earnings and pay taxes. Remember how they caught Al.
hehe...yup that's what I'm doing...more or less
In the state of Washington it only costs $15 for a business license, plus another I think $5 for a DBA (doing business as) name. Then there is another smallish (less than $100 I think) fee to pay if you have a physical location and the fee depends on the county I think. Then just save receipts, keep track of earnings and expenses...and yer gold. Hell, take it one step further and pay the extra bux to get an LLC...then if the poo really hits the spinning turbine the company takes the hit...not you I 100% agree. Pay your taxes and don't be a cowboy.
Well, at least one is reading carefully. Thanks gektek.
My personal recommendation is, report your earnings and pay taxes. Remember how they caught Al.
My personal recommendation is, report your earnings and pay taxes. Remember how they caught Al.
hehe...yup that's what I'm doing...more or less
In the state of Washington it only costs $15 for a business license, plus another I think $5 for a DBA (doing business as) name. Then there is another smallish (less than $100 I think) fee to pay if you have a physical location and the fee depends on the county I think. Then just save receipts, keep track of earnings and expenses...and yer gold. Hell, take it one step further and pay the extra bux to get an LLC...then if the poo really hits the spinning turbine the company takes the hit...not you 
Im really not sure if its so hard. Arent always said that us-government is targetting the exchanges only now? I never read that this applies to normal people too, regardless of the amount. Of course... when someone changes fiat to bitcoins that would be a another thing. But bitcoin for a service or bitcoin for goods?
Man... it wouldnt be bad if some more legal security would be there for bitcoins.
Man... it wouldnt be bad if some more legal security would be there for bitcoins.
When they first started cracking down hard on piracy everyone was affected until the wave of hysteria had subsided and laws were created to protect the individual (not with protection of course but with the fact it become non cost effective to go after the 'little guy') until now the only ones affected by piracy (really) are the ones actually trying to make a profit off of other peoples work. I see virtual currency being similar. At first they are going to just say no and everybody is screwed. As they get sued more and more for being ridiculous then they will start to leave the little guy alone and focus on the exchanges and bigger players but in all honesty...if you're doing something even remotely 'big' with any crypto currency or anything in my opinion...I'd make sure a legal team is part of your budget. Even if it is just one of those groups where you pay $25 a month and get a discounted lawyer when ya need it...still helps.
Well, at least one is reading carefully. Thanks gektek.
My personal recommendation is, report your earnings and pay taxes. Remember how they caught Al.
Im really not sure if its so hard. Arent always said that us-government is targetting the exchanges only now? I never read that this applies to normal people too, regardless of the amount. Of course... when someone changes fiat to bitcoins that would be a another thing. But bitcoin for a service or bitcoin for goods?
Man... it wouldnt be bad if some more legal security would be there for bitcoins.
Man... it wouldnt be bad if some more legal security would be there for bitcoins.
When they first started cracking down hard on piracy everyone was affected until the wave of hysteria had subsided and laws were created to protect the individual (not with protection of course but with the fact it become non cost effective to go after the 'little guy') until now the only ones affected by piracy (really) are the ones actually trying to make a profit off of other peoples work. I see virtual currency being similar. At first they are going to just say no and everybody is screwed. As they get sued more and more for being ridiculous then they will start to leave the little guy alone and focus on the exchanges and bigger players but in all honesty...if you're doing something even remotely 'big' with any crypto currency or anything in my opinion...I'd make sure a legal team is part of your budget. Even if it is just one of those groups where you pay $25 a month and get a discounted lawyer when ya need it...still helps.
Of course, but the regulations are not only for exchangers.
Also, an extract from the document.
"In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
Also, an extract from the document.
"In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
In this definition everyone who uses bitcoins would be an exchanger isnt it?
Yes, in the US.
But the thing is, a hosting service will be moving substantial amounts of BTC.
Im really not sure if its so hard. Arent always said that us-government is targetting the exchanges only now? I never read that this applies to normal people too, regardless of the amount. Of course... when someone changes fiat to bitcoins that would be a another thing. But bitcoin for a service or bitcoin for goods?
Man... it wouldnt be bad if some more legal security would be there for bitcoins.
Difference is that I am not an exchange. I am only managing hardware. I am specifically staying away from that area at this point.
Of course, but the regulations are not only for exchangers.
Also, an extract from the document.
"In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
Also, an extract from the document.
"In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
In this definition everyone who uses bitcoins would be an exchanger isnt it?
Yes, in the US.
But the thing is, a hosting service will be moving substantial amounts of BTC.
Im really not sure if its so hard. Arent always said that us-government is targetting the exchanges only now? I never read that this applies to normal people too, regardless of the amount. Of course... when someone changes fiat to bitcoins that would be a another thing. But bitcoin for a service or bitcoin for goods?
Man... it wouldnt be bad if some more legal security would be there for bitcoins.
Thank you everyone for you concern. We take our fee from the mining proceeds and then put the coins into storage where the client can request a withdrawal at any time. It is their hardware that is being manged on their behalf. Each person is responsible for their own regulations but at this point it is "only" guidance and there is noting explicit against managing a person's mining machine.
With that said, our fee is 9% and that is all inclusive. Demand has been strong and we are at the accepting hardware phase. I am driving out to the new site right now (5:50am PST).
With that said, our fee is 9% and that is all inclusive. Demand has been strong and we are at the accepting hardware phase. I am driving out to the new site right now (5:50am PST).
Hoping I snipped up that quote right buuuut...ya, I guess we all knew it was going to happen eventually... Still, I think my tiny little 2(ish) Gh/s mining operation is safe...from the government at least...for now. I just need to worry about the drop in price lately...I keep hoping it will bounce back up to $200 plus for btc
That's about right, but what if one of this hosting services reaches something like 3 TH/s in site.
I know, I'm not trying to discourage anyone.
I'm trying to make people think about it, because right now everyone is saying "nothing will happen", but when the time comes and something happens you should be prepared.
Actually, the US government is trying to regulate BTC
I'm trying to make people think about it, because right now everyone is saying "nothing will happen", but when the time comes and something happens you should be prepared.
edit: wouldn't it be similar to a farmers collective? I rent land to grow crops...land owner cares for the crops but I eat the food. Or stabling a horse? Or storing a boat? Or am I missing the fact that it is JUST because it is a digital currency?
Actually, the US government is trying to regulate BTC
Hoping I snipped up that quote right buuuut...ya, I guess we all knew it was going to happen eventually... Still, I think my tiny little 2(ish) Gh/s mining operation is safe...from the government at least...for now. I just need to worry about the drop in price lately...I keep hoping it will bounce back up to $200 plus for btc
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