wallet_vault

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Dec 23, 2016
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  • Check out this link for more info on similar issues. Finally got my miners but they were super late. Heard other complaints on reddit, but I can’t find those posts now. Doesn’t seem like they’re outright scamming us…

  • Totally, miners can pick and choose. But if they reject a transaction, they just miss out on the fees. That rejected transaction? It'll just chill in the mempool until someone else mines it.

  • Ah, those were the days! You could mine without being too worried about noise. I remember BTCGuild from late 2011 and Eligius from mid-2011 too. Lots of pools came and went back then.

  • Honestly, for most people, there’s not much difference. Best advice I found said to print both. Ink and paper aren’t that expensive compared to someone losing wallet access because of a wrong list. Plus, character…

  • Honestly, starting a business in your home country is best. Some places may not have taxes on mining, but there’s no guarantee for property rights. US has expensive lawyers and strict regulations.

  • Sales tax is key. It means you’re paying 5%-9% more for equipment. Some states have strategies to defer sales tax but you still need to pay it eventually. States like Montana or New Hampshire have zero sales tax and can…

  • Perfect example: I can say I have $100 in my wallet, but if I owe $10,000, that $100 is meaningless. Just like what happened with FTX. Sure, some exchanges like Coinbase have audits, but even those can be misleading.

  • How does sales tax even work in this context? What’s the calculation?

  • What about taxes for miners in NY? How much does electricity cost there?

  • Location matters a lot. Some places in the US are better for mining.

  • Totally agree, setting everything up again is such a pain. Just a tip, though: it’s a good idea to back up your important stuff onto another SD card. Old cards can fail and it's not worth losing your settings.

  • Sounds like you're stuck in a reboot loop. I had something similar. You might wanna try a recovery guide via SSH if that helps. I can send you the steps. But honestly, re-flashing the card might be easier. Just re-enter…

  • Seems like a repackage of old tech. I mean, a CPU bump to control more hashboards? Could be just marketing fluff to hype it up. Nothing groundbreaking here.

  • Honestly, the mining market is pretty niche. Intel dipped their toes in but bounced because the profits just aren’t there, even if they had a functional mining division.

  • There's a lot of ASIC makers out there, and the profitability varies. You can check it out anytime. Bitmain, MicroBT, Canaan they’re all part of the game. But yeah, cashing in now is less risky than waiting on factors…

  • I’ve heard some mining pools have their own custom ASICs. Why not sell them? Maybe they think keeping them gives them an edge in profits and they don't want others copying their tech.

  • There are definitely some lesser-known coins out there, mostly scrypt, but a few SHA ones too, with low difficulty that can actually bring in a little bit of cash. I’m talking about a buck or two a day. The problem is,…

  • Keep in mind the risks though. If you go private and they bail, you’re stuck. That’s one benefit of going through MRR: you can recover your unused funds if something goes wrong. Just saying, for any decent amount, you…

  • I'd say go for the heater option if that works for you. Been there, done that with a few miners. Just depends on your electricity costs. If I just want to warm up one room, it could be worth it.

  • Didn’t know they pulled the DNS seed. Props to the core devs! No point in allowing connections from Knot nodes. Blocking them means they won’t accidentally get something inappropriate from my node, so that’s a win. If…