Bitcoin Forum

Hi all, I'm looking to get in to this mining game ... This is where I'm coming from .. I have looked on eBay and seen a antminer s1 pritty cheap to start with and test the waters with ..

I have a place it can go with free electric for me to use. So I'm looking at getting a antminer s1 and joining a pool ..

now the next question pool's what would be the best to join thats not gonna scam you & pay you ..

Hope someone can help me here ..

Thanks for your time in looking

Free electricity in the UK? Gimmegimmegimme - where?

LOL !!! Well I rent a office in a warehouse. I don't use the office .. I'm not looking to over kill the power here .. But I use it just for the car park space ..

Please let get back to the topic

Wasting your time with s1 bud, to make about £100 a week you will need about 8-10TH,or about 60-70 s1 units lol even using more modern  machines to get to about 10TH you might need to upgrade your power supply and the building will definitely need modifications for cooling.

Cooling is OK there its freezing there lol .. but i no where you are coming from .. that's why I wanna start on a cheap on see how it all works ..

Sounds like a good opportunity to me. Get some cheap 1th minerS with psu's plug and play and 10 th will get you 100 a week. In a warehouse I advice you to get some more or take S4's. You can also get those cheap, around 600 pound each For 2th at 1500 watts.

Think it over 100 times and take in all advice but slowly start purchasing machines. Have fun and feel free to ask. I have been overwelmed with help on this forum so I am willing to share.

Regards

Sorry but mining is profitable today only with huge investments. You can buy some ASICs but ROI is hard to reach.

Not really, he has free power. In such case look for the cheapest miners you can get. Almost anything can be profitable if you're mining for free, especially if you could get some used s3/s4. People are sometimes selling these miners because after paying the bills they are left with dust.

Yeah but you have to consider:
1) miners price
2) if miners broke up before you make ROI

Cheapest miners = lowest hashrates = long time to ROI. My 2cents

1) Of course, this will be the only factor to consider since you have free power.
2) You can't really predict that. Usually miners don't die at once, just slowly lose chips and their mining power decreases.

S1 could be a good miner to test the water but I recommend you to try a S3. They are slowly getting on the used market at good price. Waldhoover got some for 100$ I also have free electricity and still, its hard to make roi quickly. You should check for s3 or avalon4 or s5.
Can you make a lot of noise in your office? Cause that could be important in your choose.

Buy here using escrow. Ebay and amazon are too expensive.
Escrow to be sure to be safe.

If you have any question, you can pm me I will help you with pleasure

Cheer
Valkir

Right then a bit of change of plan ...

I got my self a s2 from eBay. Now running everything seans ok so far lol

Personally I use Slush for my pool. It may not be the best, but it is reliable, and never a hint of scam in my experience. I think you could do a lot worse.