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Risc1911 posted:Not many countries left where mining is profitable at $3700
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Dec 26, 2018 06:22
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Brb setting up mining farm in Venezuela.
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Dec 26, 2018 06:27
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brb pooping
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Dec 26, 2018 06:30
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TVsVeryOwn posted:brb pooping But you repeat previous posts
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Dec 26, 2018 06:41
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poverty goat posted:it's pretty much the same as if they sent him a gift card. it's his, and if he doesn't use it the store will just take the money Nah this is more like buying a gift card at the counter, they'll tell you they'll send it, but if $100 in total gift cards for that person doesn't happen in a specific time period they just pocket the whole thing and never tell anyone. It's shady as gently caress. If it's not intentional, it's a sign that the people who designed it are complete morons. Neither one is good. Dewgy fucked around with this message at 08:24 on Dec 26, 2018 |
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Dec 26, 2018 08:22
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Dewgy posted:It's shady as gently caress. If it's not intentional, it's a sign that the people who designed it are complete morons. Neither one is good. It's intentional. If it's not, the fact that their reaction was to defend their bullshit grift system, rather than apologize, makes the distinction academic.
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Dec 26, 2018 09:40
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e: missed this page.
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Dec 26, 2018 11:07
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TVsVeryOwn posted:brb pooping Wow, check out the hash rate on these buttcoins!
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Dec 26, 2018 12:30
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the best bit of the Brave thread is that Eich is still loving going like, everyone on SA appreciates the urge to defend yourself rigorously, in carefully worked out detail, because we too are horrible nerds but when you spend five days including most of Christmas itself sending out hundreds of tweets as to why you are right and all the people who think you're a scammy crook are technically incorrect, you could be Brendan Eich he is certain that if he just adds another few hundred pages of philosophical explanation, including allusions to Hume and Plato and quotes in Latin, he will finally convince anyone reading that opt-out solicitation of donations for unaware third parties is actually not just good but noble, and if you disagree you're a Google shill
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Dec 26, 2018 13:04
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Brendan really can’t help himself. I worked with him for ten years and I don’t know that I ever saw a graceful retreat.
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Dec 26, 2018 13:13
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I was at the datacenter we rent space in today when I noticed some new hardware. Rack mount enclosure with no lid, stuffed with 8 1070s, plenty of wiring bodges to go with it. These were up higher in the cage:  I’m guessing those are ASIC miners. Sorry for the photo quality, shooting through rack doors doesn’t help focus. I have to think that this is someone that works at the datacenter though, there’s no way you can rent an entire rack at a colo and come anywhere close to breaking even.
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Dec 26, 2018 16:02
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H2SO4 posted:I was at the datacenter we rent space in today when I noticed some new hardware. I'm surprised that you were allowed to take a camera phone into the data hall, most usually forbid it. It could be a Bitcoin truther who is banking on holding that Bitcoin they mine in the hopes that Bitcoin goes back to the moon somehow, though I doubt it's someone who works in the data hall because a rack is expensive and no single employee is gonna have enough money to do that. They can maybe slide a server they own in along with other people's poo poo, but a Bitcoin mining setup is unlikely. orange juche fucked around with this message at 16:17 on Dec 26, 2018 |
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Dec 26, 2018 16:13
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orange juche posted:I'm surprised that you were allowed to take a camera phone into the data hall, most usually forbid it. This is a small operation, not one of the giant providers you might be thinking of. Perfect place to drop some lab gear, or some miners i guess. And I don't mean that someone who works in the datacenter is paying for the rack, but rather pulling a "hey since there's nothing in that rack yet can I use it?"
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Dec 26, 2018 16:19
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What are the odds that that guy actually gets any coins from mining? The odds on any one miner winning the bitcoin lottery must be huge.
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Dec 26, 2018 16:23
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That mining pool is getting mighty small, and he may be part of a larger pool anyways to reduce the odds of missing out
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Dec 26, 2018 16:25
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orange juche posted:I'm surprised that you were allowed to take a camera phone into the data hall, most usually forbid it. It could be a Bitcoin truther who is banking on holding that Bitcoin they mine in the hopes that Bitcoin goes back to the moon somehow, though I doubt it's someone who works in the data hall because a rack is expensive and no single employee is gonna have enough money to do that. They can maybe slide a server they own in along with other people's poo poo, but a Bitcoin mining setup is unlikely. Plenty of colos are more fly by night than they act, totally plausible imo that a random manager has the crypto bug and hooked up a few on the DL
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Dec 26, 2018 18:49
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orange juche posted:It could be a Bitcoin truther who is banking on holding that Bitcoin they mine in the hopes that Bitcoin goes back to the moon somehow Even the most deluded coincels should be able to do the basic math that tells them that even if you think the coins are going to go back up, you're better off directly buying them instead of slowly converting electricity and hardware depreciation into coin shavings.
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Dec 26, 2018 19:06
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H2SO4 posted:Sorry for the photo quality, shooting through rack doors doesn’t help focus. I have to think that this is someone that works at the datacenter though, there’s no way you can rent an entire rack at a colo and come anywhere close to breaking even. I worked at a datacenter where every employee was allowed to have a tower colo'd for free. You'd walk past the employee row and get blasted with super hot air because every single tower there was mining.
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Dec 26, 2018 19:15
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Salt Fish posted:I worked at a datacenter where every employee was allowed to have a tower colo'd for free. You'd walk past the employee row and get blasted with super hot air because every single tower there was mining. That's a hell of a fringe benefit, I wish HP had allowed me the same thing.
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Dec 26, 2018 19:18
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junan_paalla posted:Even the most deluded coincels should be able to do the basic math that tells them that even if you think the coins are going to go back up, you're better off directly buying them instead of slowly converting electricity and hardware depreciation into coin shavings. if you believe they'll be worth millions of dollars in 2019 and you're just stockpiling them it makes perfect sense to keep the mining rig going poverty goat fucked around with this message at 19:27 on Dec 26, 2018 |
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Dec 26, 2018 19:25
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poverty goat posted:if you believe they'll be worth millions of dollars in 2019 and you're just stockpiling them it makes perfect sense to keep the mining rig going Why does it make sense when you could get more coins for the same outlay by just buying them ?
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Dec 26, 2018 19:53
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poverty goat posted:if you believe they'll be worth millions of dollars in 2019 and you're just stockpiling them it makes perfect sense to keep the mining rig going
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Dec 26, 2018 20:06
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Splicer posted:If it costs you $6000 to mine coins currently selling for $4000 why not just spend the $6000 buying 50% more coins? You lose on every coin, but you make it up in volume.
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Dec 26, 2018 20:08
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jre posted:Why does it make sense when you could get more coins for the same outlay by just buying them ? How else could you be certain your coins are irresponsibly sourced?? ^Pretty sure you can buy butts in much higher volume than you can mine them. Lots of people holding bags would love to give you butts for 50% cheaper than you could mine them.
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Dec 26, 2018 20:11
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jre posted:Why does it make sense when you could get more coins for the same outlay by just buying them ? because you think they'll be worth millions in 2019
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Dec 26, 2018 20:12
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Splicer posted:If it costs you $6000 to mine coins currently selling for $4000 why not just spend the $6000 buying 50% more coins? Stop making sense.
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Dec 26, 2018 20:13
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That's a pun, btw.
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Dec 26, 2018 20:13
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Because BTC are worth cents. So stop making them. You see? I have to spell it out because there are idiots in this thread.
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Dec 26, 2018 20:14
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Actually it's a double pun. Stop making scents. Stinky posts. poo poo posts. Yep.
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Dec 26, 2018 20:15
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jre posted:Why does it make sense when you could get more coins for the same outlay by just buying them ? Big Gubment Edit: I know a coiner who is convinced he doesn't have to mention any of his mining to the tax man.
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Dec 26, 2018 20:19
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TVsVeryOwn posted:Big Gubment I saw a headline recently about how everyone is declaring their crypto now that it's all losses
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Dec 26, 2018 20:23
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jre posted:Why does it make sense when you could get more coins for the same outlay by just buying them ? The people who are dumb enough to mine aren't making the most rational decisions
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Dec 26, 2018 20:24
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Splicer posted:If it costs you $6000 to mine coins currently selling for $4000 why not just spend the $6000 buying 50% more coins? Because bitcoin gives you brain worms and makes you incapable of understanding simple maths. Case in point: poverty goat, ham sandwiches. The only way it could make sense for the colo people is if they somehow also didn't have to pay electricity. Which might be the case if they just put in the miners without telling anybody.
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Dec 26, 2018 21:00
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klafbang posted:Because bitcoin gives you brain worms and makes you incapable of understanding simple maths. Case in point: poverty goat, ham sandwiches. am I mining bitcoins now? i didnt realize
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Dec 26, 2018 21:02
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poverty goat posted:am I mining bitcoins now? i didnt realize Yeah. And you just sold some and made phat stax of $$$.
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Dec 26, 2018 21:09
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poverty goat posted:because you think they'll be worth millions in 2019 Splicer posted:If it costs you $6000 to mine coins currently selling for $4000 why not just spend the $6000 buying 50% more coins?
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Dec 26, 2018 21:10
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3750 is the hard stable floor as even any idiot could tell you
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Dec 26, 2018 21:43
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For certain technical reasons, actually 3831 is the new hard stable floor - the price can literally only go up. This is a sentiment shared by even the most simpleminded investor.
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Dec 26, 2018 21:56
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I’ve rerun the numbers and the underlying technicals have shifted a bit - 3810 is, as even the most foolhardy investor knows, the absolute lowest possible price for a bitcoin given the fundamentals of guessing big numbers with graphics cards
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Dec 26, 2018 22:03
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That's some mighty fine posting. Sorry to interrupt.
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Dec 26, 2018 22:08
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