Topic: Off-Topic - page 90. (Read 384416 times)
Anybody knows the dimension of the fan needed for K16? and is it 3 pin fan header? Thanks
Sometimes the best plan is inaction, i would wait and see.
Very wise.. On both the ASIC side and Scyrpt mining side, now is not the time to buy. Wait until the ASICs flood the market and pick off the weak hands in a buyers market.
On the GPU side, there will be many price reductions in the near future, don't buy too many now
The end game is in sight for all of us "wanna be" miners anyways,,,, we will be a drop in the bucket,,,more like in the ocean soon. It will all be a waste of money, our moment is passing now faster then we all thought even 2 months ago. The big well funded operations will put just about everyone out of business in the asic world. Reality check time!
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
Agreed on hardware, it's a race to the bottom, the final balance will be when hardware retails for about the same as the cost to make them, while equals to btc mined + market price. At that point, noone will be making more hardwares as it's no longer profitable and the network difficulty will finally level off and flat line.
Disagree on invest in btc right now, the current raise in btc price is again fueled almost 100% by the rush to buy asic hardware, not any real demand. There will be a double whammy on price once the asic buying frenzy levels off by end of year AND the majority of the btc will be mined by asic farms etc...from people who are eager to get money back from their initial investment, the prices will drop again. So i would wait until at least early next year before buying unless price drops to the $70-80 support level before then.
Sometimes the best plan is inaction, i would wait and see.
Sometimes the best plan is inaction, i would wait and see.
Very wise.. On both the ASIC side and Scyrpt mining side, now is not the time to buy. Wait until the ASICs flood the market and pick off the weak hands in a buyers market.
On the GPU side, there will be many price reductions in the near future, don't buy too many now
I often see this argument, and it makes no sense. If I buy 1 KncMiner Jupiter, and someone else buys 10 Jupiters, I make exactly 1/10th as much BTC as the guy who bought 10 Jupiters, so our ROI is exactly the same in percentage terms.
The only way the big miner has an advantage is if they can someone obtain hardware at a lower cost than the small miner, which is not currently the case with most ASIC hardware manufacturers.
The only way the big miner has an advantage is if they can someone obtain hardware at a lower cost than the small miner, which is not currently the case with most ASIC hardware manufacturers.
You are right in most cases, unless you are a very large operation. Then you factor in static costs that get spread over all of your miners such as a lease, internet, or such costs that don't necessarily increase for each added miner.
The end game is in sight for all of us "wanna be" miners anyways,,,, we will be a drop in the bucket,,,more like in the ocean soon. It will all be a waste of money, our moment is passing now faster then we all thought even 2 months ago. The big well funded operations will put just about everyone out of business in the asic world. Reality check time!
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
Agreed on hardware, it's a race to the bottom, the final balance will be when hardware retails for about the same as the cost to make them, while equals to btc mined + market price. At that point, noone will be making more hardwares as it's no longer profitable and the network difficulty will finally level off and flat line.
Disagree on invest in btc right now, the current raise in btc price is again fueled almost 100% by the rush to buy asic hardware, not any real demand. There will be a double whammy on price once the asic buying frenzy levels off by end of year AND the majority of the btc will be mined by asic farms etc...from people who are eager to get money back from their initial investment, the prices will drop again. So i would wait until at least early next year before buying unless price drops to the $70-80 support level before then.
Sometimes the best plan is inaction, i would wait and see.
maybe zefir pulling a Yifu and selling peoples orders to highest bidder 
Or zefir sold the chips so he can refund peoples money. I'm sure a lot of folks want out of his group buys due to the delays.
maybe zefir pulling a Yifu and selling peoples orders to highest bidder
Quote
BitSynCom, the company behind the 110nm chip, has been promising supplies for months, with significant delays. However, last week, it said it is now shipping 40,000 each day. Tens of thousands went to Zefir, a Swiss party who organized a group purchase. Bitmine CEO Giorgio Massarotto drove to Zefir to pick up between 37,500 and 40,000 chips over the weekend
from:
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
[/quote]
Yeah, Didn't make sense to me. He posted that his second shipment just arrived. 10k chips.
https://bitcointalk.org/index.php?topic=177827.1180
Quote
BitSynCom, the company behind the 110nm chip, has been promising supplies for months, with significant delays. However, last week, it said it is now shipping 40,000 each day. Tens of thousands went to Zefir, a Swiss party who organized a group purchase. Bitmine CEO Giorgio Massarotto drove to Zefir to pick up between 37,500 and 40,000 chips over the weekend
from:
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
[/quote]
Anyone read this?? not sure what it means or if any truth to it, but that would mean zefir has 6 batches at least shipped? And how did bitmine get 40k chips from zefir ;o
The small guy can mine and profit but he needs to get his miner on time, not two weeks too late - even two weeks is the difference between profitability and not as I posted earlier. The difficulty rise will level out at some point in another year as the ASIC tech present limiting returns. They will become cheaper and people will be purchasing them like they did gpus.
Ya think? lol any small asics 30-100gh probably wont make it to see a return, by the time you recoup your investment you might make a dollar a day...... A year from now, will be like owning 1 little 333 mh block erupter, right now. oh well, at this point it just all seems like a big waste of money, unless you can get a unit now in hand" that pumps 200-400 gh,,,maybe then see return and some profit afterwords, but for most its just a fantasy now. Ball parking here with the G/H a little, but sure im not to far off. Bottom line, We're screwed.I often see this argument, and it makes no sense. If I buy 1 KncMiner Jupiter, and someone else buys 10 Jupiters, I make exactly 1/10th as much BTC as the guy who bought 10 Jupiters, so our ROI is exactly the same in percentage terms.
The only way the big miner has an advantage is if they can someone obtain hardware at a lower cost than the small miner, which is not currently the case with most ASIC hardware manufacturers.
The small guy can mine and profit but he needs to get his miner on time, not two weeks too late - even two weeks is the difference between profitability and not as I posted earlier. The difficulty rise will level out at some point in another year as the ASIC tech present limiting returns. They will become cheaper and people will be purchasing them like they did gpus.
Ya think? lol any small asics 30-100gh probably wont make it to see a return, by the time you recoup your investment you might make a dollar a day...... A year from now, will be like owning 1 little 333 mh block erupter, right now. oh well, at this point it just all seems like a big waste of money, unless you can get a unit now in hand" that pumps 200-400 gh,,,maybe then see return and some profit afterwords, but for most its just a fantasy now. Ball parking here with the G/H a little, but sure im not to far off. Bottom line, We're screwed. 
Someone (in another thread) contacted that seller and offered to make a 100K piece order if they would send him a picture of a few of the chips taken with a picture of today's newspaper. They couldn't produce one.
I did that.
They do NOT have any chips, and if they tell you they do, they are lying.
Tell them you want 1000 pieces and want to use Escow, they will tell you that they take Western Union and Bank Transfers only.
Someone (in another thread) contacted that seller and offered to make a 100K piece order if they would send him a picture of a few of the chips taken with a picture of today's newspaper. They couldn't produce one.
Except minimum order is 10 pieces and they only have 9 in stock, and they supply them by the ton. It's just a typical Alibaba phishing expedition.
RIGHT!
The small guy can mine and profit but he needs to get his miner on time, not two weeks too late - even two weeks is the difference between profitability and not as I posted earlier. The difficulty rise will level out at some point in another year as the ASIC tech present limiting returns. They will become cheaper and people will be purchasing them like they did gpus.
Well, Dave just updated.., he is getting boards on 29th.. so we'll see.. probably next Tuesday if not Friday I hope, lol
My order was one of the first ones..
Pays to diversify I guess.. but my gains still wont be enough to cover this Avalon mess.
My order was one of the first ones..
Pays to diversify I guess.. but my gains still wont be enough to cover this Avalon mess.
The end game is in sight for all of us "wanna be" miners anyways,,,, we will be a drop in the bucket,,,more like in the ocean soon. It will all be a waste of money, our moment is passing now faster then we all thought even 2 months ago. The big well funded operations will put just about everyone out of business in the asic world. Reality check time!
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
I dunno.., I might still be able to catch on somewhat.
BitFury started shipping... so hoping my 25k kit will be on my lap by the end of the week.
TH has quite a bit to learn from Dave in CS, lol.
sigh, should have been on that same train with you.
The end game is in sight for all of us "wanna be" miners anyways,,,, we will be a drop in the bucket,,,more like in the ocean soon. It will all be a waste of money, our moment is passing now faster then we all thought even 2 months ago. The big well funded operations will put just about everyone out of business in the asic world. Reality check time!
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
I dunno.., I might still be able to catch on somewhat.
BitFury started shipping... so hoping my 25k kit will be on my lap by the end of the week.
TH has quite a bit to learn from Dave in CS, lol.
The end game is in sight for all of us "wanna be" miners anyways,,,, we will be a drop in the bucket,,,more like in the ocean soon. It will all be a waste of money, our moment is passing now faster then we all thought even 2 months ago. The big well funded operations will put just about everyone out of business in the asic world. Reality check time!
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
Read..this just for starters.....
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
Tip: Invest in plain ol Bitcoins now while you can, not small pocket change asics....
I dunno.., I might still be able to catch on somewhat.
BitFury started shipping... so hoping my 25k kit will be on my lap by the end of the week.
TH has quite a bit to learn from Dave in CS, lol.
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