I am posting this for sharing because I think it will impact all of us since Bitcoin is in the centrestage of all of our alts mining activities now. I am posting my comments only here in Phil's thread because self-moderates the thread....
Just came back from a Bitcoin local chapter talk with guest speaker Andreas Antonopoulos, and lo and behold Vitalik Buterin in the audience. I wanted to ask about the Segwit vs BU issue in Q&A, and well I didnt have to -- Andreas jump straight into it.
Very interesting talk about cultural gap between software mindset vs hardware mindset -- hence this battle between Segwit and BU, how Bitcoin is going to survive a hard fork and the emergence of a new platform that comverge software and hardware and maintains the glory of decentralization, ie. Trustware.
The video of the talk should be up in Andreas's Youtube channel in a few hours.
My team had a meeting after the talk and we decided on some contingencies, pending Segwit vs BU bloodbath around "a few weeks before October". We will be investing more on GPU mining and Ethereum. Btw, will move the 2PH BTC farm into rental market before the war starts. When things gets risky and volatile, it's better to rent, sell the picks and shovels to goldminers than to mine the gold yourself - think Levis Strauss.
OK - thats enough yadda2 for the day. Watch the video and make your own decisions.
link to video please.
My suggestion to all is balance your portfolio.
look at the math for today 1 pandaminer on eth pointed at nicehash
uses 1100 watts and earns 0.023 btc
3 ½ s-9s pointed at f2pool does 44 th uses 4500 watts earns 0.023 btcnot to mention
1 used pandaminer can be had for about 2200 usd from me
and 3 ½ s-9s are more then 5000 usd [/b] plus the psus for the panda vs the 3 ½ s-9s is another 250 more for the s-9's
The swing to the pandaminer being the better deal at this moment is amazing.
What really amazes me is no one has said phil sell me that pandaminer
(FUD is a mofo)
Maybe, but that won't stop me from trying. Change in favor of the little people is why I started working in the bitcoin economy over three years ago. Some people are worth not being completely ignored by everyone in the world.
yeah I use the sticks for fun I hit a PPC block with
them.
I look forward to some more efficient models.
At the moment BTC is in trouble. but there is a lot of $$ invested in it. I am sure it will do better.
I mine my eth directly into btc as I prefer btc. I use nicehash
But asic mining of btc is in trouble.
look at this rig the pandaminer. it is far better then the s-9
I point it at nicehash i get about 0.02368 btc per day using about 1050 watts
I need 44 th of sha256
or 3 ½ s-9s to earn 0.02368 btc per day
and that is 4500 watts
this math is what it is and is causing price adjustment in coins.
So at the moment my btc is cheap via eth mining