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The problem is that BTC price is not rising in relation to difficulty increases as it should be.
It shouldn't be linearly rising. This is going to be a very complex process including many other factors. You will see it rising with the next financial crashes, considering it is a safer bet than some other notions. Like it has happened before.
Every crash left it higher and higher. And financial crashes always come. That is a given.
Ye that's exactly my point also. its going to go up if its going to be successful so any questions about value of equipment are only relative to how long you are willing to invest in BTC for. The risk is the complete collapse of it. Also people who have the equipment to sell want to make their profits now because they feel like their previous risks should have paid off by now are unsure of the future like everyone else is.
I think that they are an investment.
BTC cant stay at ~100$ forever if its going to be "successful".
With only 21 million coins, market liquidity won't be possible with only $2.1billion money stock.
The good thing is that Bitcoins ROI time is shorter than traditional investment methods.
Its still a gamble, and with all big rewards, comes big risks - just as it has been like at every step of Bitcoins existence.
BTC cant stay at ~100$ forever if its going to be "successful".
With only 21 million coins, market liquidity won't be possible with only $2.1billion money stock.
The good thing is that Bitcoins ROI time is shorter than traditional investment methods.
Its still a gamble, and with all big rewards, comes big risks - just as it has been like at every step of Bitcoins existence.
Ebay -Avalon-ASIC-Bitcoin-mining-chips-1000-pieces
Even at the potential of 282GH would anyone actually pay $17000 for just the chips?
Am i missing the value somewhere in my calculations?
Even at the potential of 282GH would anyone actually pay $17000 for just the chips?
Am i missing the value somewhere in my calculations?
Right so there is a simple answer to this problem.
This is what I use, I don't need to monitor it or anything, it is totally automatic.
1st. Have "CGwatcher" set to run on startup then run cgminer.
2nd. Set CGwatcher to restart sick or dead GPU's, plus restart if hashrate falls below X.
3rd. Install USB Watchdog Card on Rig. - http://www.berkprod.com/Product_Web_Pages/usb_v1_pc_watchdog.aspx
4th. Plugin USB watchdog to rig( USB connection).
5th. Run USB watchdog "tickler" software, set it to monitor cgminer.exe every 2 seconds.
6th. Test operation of rig before connecting the Watchdog card's reset pins to the motherboard, Have cgminer running, then quit it, watchdog card will beep relay click and the motherboard will be reset.
Computer will restart upon the reset, CGwatcher will start up and start cgminer.
If for any reason cgminer fails, the motherboard gets reset.
If a gpu dies or goes sick and cgwatcher tries a cgminer restart and the computer/cgminer hangs, crashes or freezes, the motherboard will get reset and the rig will reboot..
Plain and simple anything crashing cgminer or stopping cgminer and the motherboard is reset.
Simple and effective.
This is what I use, I don't need to monitor it or anything, it is totally automatic.
1st. Have "CGwatcher" set to run on startup then run cgminer.
2nd. Set CGwatcher to restart sick or dead GPU's, plus restart if hashrate falls below X.
3rd. Install USB Watchdog Card on Rig. - http://www.berkprod.com/Product_Web_Pages/usb_v1_pc_watchdog.aspx
4th. Plugin USB watchdog to rig( USB connection).
5th. Run USB watchdog "tickler" software, set it to monitor cgminer.exe every 2 seconds.
6th. Test operation of rig before connecting the Watchdog card's reset pins to the motherboard, Have cgminer running, then quit it, watchdog card will beep relay click and the motherboard will be reset.
Computer will restart upon the reset, CGwatcher will start up and start cgminer.
If for any reason cgminer fails, the motherboard gets reset.
If a gpu dies or goes sick and cgwatcher tries a cgminer restart and the computer/cgminer hangs, crashes or freezes, the motherboard will get reset and the rig will reboot..
Plain and simple anything crashing cgminer or stopping cgminer and the motherboard is reset.
Simple and effective.
seems solid idea but its 84$... bit expensive!
As mentioned VirtualBox or VMWare
The question really is , is it a hardware lock up from all the mining that's causing the issue or an OS lockup?
if its the OS and your looking for a free way. your probably best to install vmware onto each machine and run your mining rig inside that. If it freezes you can connect to the system OS and reboot the VM using teamviewer or similar.
if its the OS and your looking for a free way. your probably best to install vmware onto each machine and run your mining rig inside that. If it freezes you can connect to the system OS and reboot the VM using teamviewer or similar.
i must take a photo for you but i have had an arduino board with a servo from an RC car in a little robot arm design connected to one pc ,and mounted on the other pc case which will hold in the power button using a simple button on a website using wampserver so i can always hard reset when im not around.
of course its only useful if the other pc stays on. but i think it could be managed directly from router using an ethernet/wifi arduino board
( you could probably set up all 3 from the one board but you would need 3 servos)
of course its only useful if the other pc stays on. but i think it could be managed directly from router using an ethernet/wifi arduino board
( you could probably set up all 3 from the one board but you would need 3 servos)
Re: Incentive and computing power after 21 million is reached
I think about this a lot... what will happen to the network once close to 21m BTC have been mined. There is no reason to carry on mining and supporting the network.
I think in 127 years, processing power wont be an issue, just like ASIC are emerging now, new technologies will keep us up to speed so that it wont be a concern. Plus the transaction fee can be increased per transaction so there ill always be a way to make it worth someone's HR to do it.
Re: Incentive and computing power after 21 million is reached
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Hey if bitcoin takes off we can buy robot bodies or cloned organs and still be around then... There has to be a decent amount of crossover between bitcoin enthusiasts and those who believe we're nearing the technological singularity.
What do you mean "if it takes off"? at $130 per BTC and no real move yesterday when the new of LR hit , BTC has taken off, We missed that train newbie
As I read on another post - "If you start running now, you might just catch the LTC train" I downloaded FASTCOIN wallet and it synced fine, mined some coin in a pool - transferred it to my wallet, all good
but every so often the wallet says its out of snyc and begins downloaded 352,000 blocks! FASTCOIN is only on block 9500...
When i restart it , it says its synced again?
but every so often the wallet says its out of snyc and begins downloaded 352,000 blocks! FASTCOIN is only on block 9500...
When i restart it , it says its synced again?