Quote from: Searing on May 10, 2017, 07:15:08 AM

Quote from: crypticj on May 10, 2017, 05:12:09 AM

Quote from: Searing on May 10, 2017, 04:39:57 AM

Quote from: crypticj on May 09, 2017, 11:38:35 PM

Quote from: wck on May 09, 2017, 11:18:45 PM

Quote from: QuintLeo on May 09, 2017, 08:50:03 PM

Quote from: cashen on May 08, 2017, 04:26:27 PM

How do the pools setup work? why are there 3? does it switch?

Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.

IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.

I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning. If the market is there it isn't ripping people off. People don't have to buy and people don't have to sell for low prices.

I agree i think $3500 are justified... to be honest I also sold half my hash for 0.2949999 Mhs/LTC recuperated my intital $1900 investment left with 268Mh/s i think i will just let it run to mine some LTC as LTC just broke through $34 on Gdax and it looks like $50 is possible.

me I just mine at 25% off the expected taxes I would have to pay on income I get off 100% off gross income ..again 25% off equipment in real $$$ saved I would have had to pay
the IRS...I just run them down to doorstops....it works quite well actually (2015 not so much) but still

so a 1370 may 15th order of 4 is (not including shipping I forget what that was) so say 1370 x 4 = $5580.00 usd at 25% off is = $ 1370 savings x 75% ...so...in my case that is buy 4 get one FREE vs what I can mine out of them...I'm good

and again legal miner USA paying income tax to IRS...but hell this works dandy

whatever...cost of doing business...if you can get the equipment at the right time and coin pumps that is

IT is not very complicated (ducks...hey don't throw stuff at me in the thread!)

Dumb and lucky..sometimes it is just dumb and lucky wins the race

Yup Dumb and Lucky in my case. I am so glad I did sell it at 0.29499 LTC per Mh its back down to 0.25 LTC per Mh I can buy it all back cheaper almost 80% of the value I paid.

Naah going to stick with my initial assesment hedge your bets diversify and de-risk.

To make my decision on whether to sell the Hash Rate I created a Model on Excel here I will share it.

https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0

photos upload

The biggest change now on future equipment is on how I do the calculations. Before if I though LTC say was gonna double, I'd buy a bitmain unit
or so the logic goes....go with the gut but trust the math.

Now however, say that LTC went up to $50 per LTC ..... with bitmain pulling a 'firmware problem' the last time the coin went up 4x and/or with
seg witness..what is to stop them from saying the same thing and have a 'firmware error' if my 1 left coming July batch L3+ arriving 6 weeks late
while they mine with it!!!!

I had 8 L3's on April 1st or so...thru eastshore...eastshore said they 'literally' we're pulling them out of the trucks in bitmain's lot...I got 4 and they
took 4 back...and of course BTC limbo to get the coin back....firmware problem my ass......(also told by april 15th users that got L3+'s after
the firmware error was fixed the firmware was still dated Jan 2017)

So ...not sure...the frigging math has changed...large gains in coin price now means bitmain can just frigging do as they wish it seems...I'll
have to take that into consideration.I wonder if LTC hits $50-$75 bucks if I will even see my last L3+ on a July purchase....this could be
rinse/wash/repeat

AS for my evil wish

If they would just stop selling miners..mine themselves and just offer hashnet..I could live with that

I mean really ..if you are gonna do
evil do it correctly....no pride in their work...wizzing in their own pool driving difficulty up....look at knc they took pre-orders on Neptune btc miners
in 2015 with customers money..filled up their data halls and mined them 5-6 months..then shipped the Neptune's late..and the owners got maybe
1/4 of the price back before they were door stops....completely screwed..and knc WON the court case against them too boot!

Bitmain has ...no pride in 'evil work' anymore...I blame the need to watch internet cats....

Not enough time to concentrate on doing evil well. Sad

By selling miners they leverage their assets. The money from selling the miners can be used to build even more miners than they could otherwise. It also hedges their bets by having multiple revenue streams from different sources. I think they know exactly what they are doing.

wck

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