Bitcoin Forum

Currently Building a major rig for our main pool.

Rig 80 Ant pool Rig Hash_Rate 4.8 TH

Here are some Commercial Site Pix during Construction.

220v Triple Phase Elec. 10.7 k/w

Capacity:

1 Megawatt Town Commercial License

http://s31.postimg.org/63etjdwlj/2016_03_22_15_23_35.jpg

http://s31.postimg.org/5ylmnbivf/2016_03_22_15_24_13.jpg

http://postimg.org/image/k7h4b0oxz/

http://postimg.org/image/gl2kq9kqv/

Ill Post Hash Rate Total after Final Testing
bittech

Very clean setup I like it  a lot.  Looks like you paid attention to details.  Mind if I ask about electricity price?  To put in 80 wondering what rate you managed to get.

Best of luck though with mining!

Awesome, how are you cooling it.

you can clearly see that he is going to exhaust all the hot air outside, with that tube and air conditioner

for the winter i would try to use by redirecting it in another room

I agree. I saw some people already doing this, some of them for heating the rooms where they live, some of them heating green houses but anyway the heat shouldn't be just wasted IMO.

This is a commercial location we are in phase 1 with 80 machines phase 2 puts us around 180 machines so venting directly outside was the only option.

I built some quick rigs out the window with about 4 tons of cooling and maintained a 68 F  temp.

after this we went with a full outtake 12,000 cfm fan sucks the air out from the ducting plus the 16k cfm from the machines,

We also found out its a 80/20 rule with cooling when we vent so we went with this option.

We have 80 240v lines triple phase elec is about 6500$ per month.

We contracted one of lowest rates in my state and have permission from the town for a full megawatt supply.

We had to get a special license next upgrade is going to be 1800 Amps Triple Phase and our rate changes to 9.8 per K/Wh  commercial rates no industrial!!!
my partner is a master negotiator

This should push us well over  a peta hash and we plan on solo mining blocks,  Or running a P2pool/Stratum.
Been messing around with a beta Rpi Ubuntu setup.

Things are changing with the halving so reports are key. And a possible upgrade I don't know how long of lifespan these batches will yield.

We run 24 hour test on all mining pools and change with the work load we also split between networks to avoid the 18 shares per min limit.

I am going to the BTC/Coindesk convention next week I will try to post some updates from the venue


I have been busy running the network Cat6 with managed switches.
The Racks are temp and I am going with a setup like genesis mining groups build.

these are quick report site pics I sent out to my partners for updates so excuse the blurriness.

http://postimg.org/image/qwbwitzgh/

I am a IT Engineer for 10 years professionally. I have worked for EMC MS apple dell unysis etc.

I have a strong resume its half the reason I was given the budget with complete confidence.

I missed the web boom I was to young im not missing this one!

My partners are all IT clients I have known for years.

0.024 per machine avg

cat6 300mbps/300mbs FIOS (comcast is horribad 100mbps/20mpbs LOL)
managed cisco switches 2950

We plan on going blockchain 2.0 or testing beta next July when it comes out.


Bitmain s7 don't see us changing in the near future especially after the multi failures of other manufactures  ><

Working Taking care of the network mostly done!

Check it out next I will be Running Power it is half Run already.

Then finally cooling.

Will post updates.

Trying to finish before the coindesk convention next week

http://postimg.org/image/vorj7o2mp/

Going to NYC bitcoin convention tomorrow  this how far I got with the network it's nearly complete

http://postimg.org/image/i6mwev175/

gearing up to leave for convention.

http://www.coindesk.com/events/consensus-2016/attendees/

what horrible timing to start a bitcoin mining farm..

you do know you have about 70 days left before the block reward halving making all those miners useless?

Well, not exactly. It depends on the Bitcoin price, right? If all the prices, like of electricity, miners, etc. stay same but the price of Bitcoin will rise then it might be not useless to mine them.

Looks like a pretty good set up on first sight, but the first picture is rather small :p
In which country are you building this, if you don't mind sharing?


I hope you're right, but normally the price should indeed adjust itself after the halving, plus there is a possibility that the halving will create enough hype to cause a small bubble perhaps, all speculation of course :)

your logic is flawed..


if you are 'hoping' for the price to increase he would be better off putting all the upfront money directly into bitcoin and hold it.. as the miners WILL NOT make that much in the 70 or so days he has left to mine.

in the end, its a horrible time to invest in bitcoin miners.. he should have done research and waited for next gen machines.

Only time will tell. Maybe us little guys will never have the opportunity for the next gen miner. After halving the price without a doubt will need to rise significantly for mining to be profitable without next gen equipment.

I started around this time with a couple machines. I'm looking at it as a test run. As things will change in 72 days. Best to work out the kinks in everything now, so one the market changes you will have a better feel and strategy for the market.

I have a R&D to do that work.

We are a well funded op.

I am sharing because I was one of you guys as well. I spent 2 years in dev before coming out for investors.

As well this is only one facet of the business.

Bittech went to NYC for the block-chain consensus 2016

We will have reports coming out soon.

The banking industry has come for the block chain and to kill bitcoin.
already changing the word bitcoin or coin to token seems to be the corps new buzz word.

The banking industry is going to make corp Commodities for value trust and trade back to USD or whatever base they use.
Is my best take to explain how block-chain is evolving.

So Visa coin built value through trust but private networks and private mining closed network chains  

The trick is getting the masses to adopt.
Pay walls for the internet are being discussed as well virtual currency through Commodities coins/tokens

We will be working hard to bring bitcoin to the for front and have alot great products coming out.

Look out for our company products as we are a pro BTC mining firm.

Our financial analyst James will be revealing a breakdown later on this forum.

CEO Chief Engineer is my company position.

Pix in link look for the report from James soon...

He is going to read the block chain book beforehand the banking corps virtual currency platform

http://imgur.com/a/7ucgD

block chain is 84% of all VC investments of 2016 for a reason bittech is not worried about the halving we are well aware.

Got back to do some work at one of the data centers for mining heres how far we got.

http://imgur.com/j2A1NrW

Center should be operational by sunday will share the reports from different pools hash rate etc.

We are a beta testers for miner manufactures we are sent models before they are released. We are well aware of the next series. (months before public release/announcement)

As well companies send us beta models to try to get to change our form factor to theirs.

we have direct face to face relationships with the industry.

we are not new to this. we are just stepping out of the shadows

The life cycle of the machines are part of it. you have to be able to handle things.

You would of said the same thing about the s5's before the s7's there will be always a newer model

wu tang and 1.5 p/h are nothing to f with ^^

if anything please learn from me

Thank you for sharing your setup.
It is really cool to see the insides of a serious mining operation.
Any updates/ results posts are greatly appreciated!

Couldn't agree more. Love seeing the pics and updates. Keep up the good work.

Thanks for the great response.

I did till 12 am thurs friday so I am scripting php for a break lol

MinerMill.com WIP

Phase 123 starts sunday

We are going for slush pool we should land top 4 in group mining

network 85% complete

http://imgur.com/a/Koq7i

http://imgur.com/DEmbKlP

Ducting 70% power 30%

We are stepping out to speak from a  position of authority

thanks for the support


https://i.imgur.com/RkpnDig.jpg

I put the future of Block chain in this album the pictures should speak for themselves.

We are going virtual currency through commodities and trusts in value

this is the future!!!

pix From the last year to current


http://imgur.com/a/f7aJL

Wow,, Awesome setup

Looks like a nice setup, thanks for the update! Although I have no possibilities to mine right now I'm following with big interest how people mine and wish all of them good luck. Good luck to you! Waiting for the new updates.

aewsome setup thanx for sharing

working on cooling and cfm's.

the difficulty is going insane before the halving. in the last two months we are up .9 thats crazy for sure.

Smaller Miners should be dropping we already saw 50 p/h of miners disappear this week.

We are debating on paying for elec with coins or cash for the up comming halving.

reading alot articles and reddit's

https://bitcoinmagazine.com/articles/will-the-upcoming-mining-reward-halving-impact-bitcoin-s-price-1455126224

$800+ a BTC would make this alot better or god willing a higher miners fee

http://cointelegraph.com/news/china-bitcoin-mining-growth-may-help-overcome-worries-over-711-halving

Converting s7's to 1 fan FW we have 50 C temps and too much CFM

Really cool setup, please keep us updated with further pictures!

I think u either smoking something really strong , or your brain is getting affected by the heat of your 80 miners or the negative pressure of having too much CFM like u said. U need to relax.

If you only run 80 machines, I just cant see companies partnering with such a tiny commercial operation for anything.

80 machines won't draw any attention. I've enjoyed the pictures and updates,  but buying s7's right now isn't a good idea. Unless they have phenomenally low power costs. Even with cheap power you are better off waiting for the s9.

Edit.. At 9.8 per kw at current price and difficulty you won't make any money after halving in July.

What state are you in?

I wish I had the funds to start an operation on that scale. I'll likely have to start much smaller, maybe 20 machines.

My electricity rate wouldn't be super low either, right around where yours is at ~10c, but even at that there are such profits to be made! Good luck and keep us updated!

When do you think the S9 will come out, and how much more efficient do you think it will be? These new 2.7 TH S7s that just came out are just as efficient as the old 4.7 TH ones except they come with a power supply, which is huge.

Based off of rumors and bitmains Chinese website. It's 14TH.  Not sure how many watts or  the price. I'm guessing it will be released soon.

Yeah it only makes sense that it will be coming out soon. At 14TH the thing is going to be a beast, I can't wait. Not sure if they'll wait for the halving or not. My guess is that they'll wait and see what happens, then release it and adjust it's price accordingly.

jesus, 14th.  see i am thinking closer to 10.  14 would be SO beast, wish they would drop more info already...

Yeah tell me about it. I'm currently saving up funds to start my operation, I should have the funds I want around the time the S9 drops. By then maybe the dust will have settled from the halving, all should be good. Until then I'm just playing with Ethereum mining, awesome profits there too you should check it out.

Out of curiosity isn't 1 Megawatt extremely overkill? Even if you went up to the 80% rule wouldn't that still be 800 kW of power? The S7 puts out 1.3 kW which means your facility would be able to hold a quarter of a million dollars in S7's, literally hundreds and hundreds of them. Do you plan on expanding that much? I don't know what your budget is like, but I would consider waiting for the S9 if you were to expand so rapidly. It's what I plan on doing when I put some money into renting a small warehouse for mining probably after the dust settles from the halving and we can see what things are like. Thanks!  

I'm anxiously awaiting news. I think the days of the s7 are coming to a end. Unless we see a substantial btc price increase, the s7 won't be worth it after halving.

It all depends, who knows really. I think the best advice now is to wait just a month for the halving, see what happens to the difficulty, see what happens to the price, see if the S9 is announced, then go ahead and decide if it's profitable - or how profitable exactly - investing in mining will be. That's what I'm doing at least, seems to be the best course of action.

I donot know much about mining. Great job.
But,next when attaching pictures, use ctrl + stamp on keyboard to take snapshop, and paste on paint. open file cut/trim using the re-cutting tool =>option on paint.Re-size your pic to reasonable size. it will help your photo to be presentable instead of uploading foto with sexy lap on right & left corner

Thanks

Awesome

Looks great!

Fine way to heat the house in the winter.

A very nice setup