Quote from: visdude on August 11, 2014, 10:51:38 PM

Quote from: MinersAnonymous on August 11, 2014, 10:10:26 PM

Quote from: twib2 on August 11, 2014, 09:59:52 PM

Quote from: MinersAnonymous on August 11, 2014, 09:12:24 PM

Do any of you here know why the queue on the config is set so high? Is there a big gain from setting it to a lower number or why did they program 4096 as the queue. The discarded amounts are so high...

If you want, you can change the queue in /etc/init.d/cgminer

I use 32 and it seems to be a good compromise. Some people use 1, others have kept 4096 - doesn't seem to have a huge effect, but can save you some CPU cycles if you make it lower.

Okay thanks, I will search. Does the 4096 and large amount of discarded not affect the overall hashrate and work submitted? Also, is 32 equivalent to 32shares or a share in that size? I ask because I did not know if 4096 was 4096 shares or a share/shares added for a vardiff of 4096

I'm with y'all regarding Bitmain's pricing. However, as long as there are hardware geeks out there who are willing to pay at any price regardless of ROI just so they can have their shiny toys to play with, Bitmain has no incentive to modify their pricing model to benefit the consumer. We can biatch all we can in here and rationalize it in a futile attempt to sway Bitmain to our cause but unfortunately, we are a minority. Them hardware geeks are buying the S3s like hotcakes regardless. Remember, Bitmain is not in business for nothing; they are definitely not an NPO. Now, if we could only convince these hardware geeks around the world...nah, greed and bragging rights rule.

The problem are not really the hardware geeks that purchase at no ROI, since eventually they would stop buying they are a finite number with finite money, the real problem is that Bitmain mines themselves so there is not a big motivation for them to make us ROI, as of now with free electricity it takes 92 days to ROI using a 10% difficulty increase which is very realistic.

I seen those geeks you talk about only a month or 2 ago, an S1 was sold for $3000 on ebay at absolutely no ROI.

There is a complete lack of competition in the hardware asic for Bitcoin.
I was hoping that with the difficulty increase the price for batch 7 would be lower, and instead it is higher since the beginning of batch 5 it was 0.64, and now it is 0.66 with a higher difficulty.

It seems that Bitmain's formula is to make us ROI under free electricity in 90 days, which is not very good, since depending how much you pay for electricity you could ROI in 6 months or never.

And the problem with spondoolies with the sp30 is that it is being sold on preorders with a month and a half in advance, Bitmain is only an 8 day preorder, so as far as preorders go Bitmain wins.

Eventually the market is going to saturate, and if the sp30 starts selling from stock which I think it might once sales slow down and sales are slowing down, and taking into consideration that spondoolies does not mine (someone correct me if I am wrong, since almost every hardware vendor mines for themselves), this could force a little bit of competition and force the s3 prices to go down or viewing things from a different point of view it could force the sp30 prices to go down.

The S3 is a very good product, but at the wrong price, since it does not ROI for most of us or barely ROI.
I would make a rough estimate that the cost of the S3 for Bitmain is probably $100, maybe a little more, so for each S3 sold there is currently a $280 profit, while if we break even we are lucky, we could maybe with luck in our favor make $50, the balance is all to one side, that is not good for us.
if the S3 where to be priced at $250 each, even at $280 it still be a fair price, at the time of this writing, Bitmain and us would be making about equal profit which is fair and it would increase their sales tremendously, but Bitmain lacks the motivation to do that simply because the mine themselves.

An indication that sales are beginning to slow down is that batch 6 did not sold out, and spondoolies September batch also has not sold out.

I myself will need a lot of miners, since I am building a small data center, however my data center it is not ready and will not be ready for a few months, and when I buy I will aim if possible to ROI at most in 2 months, anything about that and it is very high risk.

Ironically the S3 was a better purchase when it was first released since lower price and lower difficulty, implied quicker ROI, the last good batch for some ROI was the beginning of batch 5.

Bitmain should consider that we ROI, as of now the S3 is the best one for the money but the lack of ROI ruins everything and that is a decision Bitmain has taken, but they take the risk that someone else delivers, that someone else now does not exist, but sooner than later it could exist, on the other hand Bitmain could realize the splitting the profits is actually something fair, lets see what happens, I for now will be monitoring prices for potencial ROI, but at current prices I am not buying, I am happy I was able to get 4 S3 when both difficulty and price where lower.

Bitmain was better, I am not sure whats happening, they used to sell from stock and every few days they would lower the price to compensate for the increased difficulty, hopefully they did not find a map from Sam where he shows them the path, at the last days of the S1 it was selling for $180 dollars ( in btc), and I am sure the S3 only costs a little bit more to produce that the S1.

KNC was good in 2013, and now they are terrible.
BFL was never good.
Avalon was only good in the first 2 batches, and then collapsed.
Spondoolies Huh

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