Bitcoin Forum

I was going to upgrade them but decided it wasnt worth it.  I have a s2 and 2x s1's should I just sell my two s1's on ebay? as they dont seem to be making much compared to electricity. Especially with drop in BTC price.


any advice would be helpful.

Give them to me for free.  Just to be nice I will give you 0.095 BTC that I have.

Sell them on ebay. :)

ouch I see they are down under 100$ on ebay - Think I will try selling  with power supply maybe I can get $125 that way.

thanks for the advice gents

Mine is still running. I undervolted it, got it deep in the basement and it's mining because I don't feel like pluggin it off :). Well, maybe it is time to put it on ebay but hell, I just like the idea of home mining.

Shut my S1s off in the spring.

Look at what they produce over the course of a week. Does the requisite electricity cost more than the coins?

I turned mine off awhile back. Power cost more than my average BTC mined. I was losing .88 cents a day on average per S1.

In short: nope

With temperatures dropping in my region, it's a cheaper form of heat, so yes, it still makes sense for me.

Same situation for me, it is pretty cheap to use ants for heat geneartors.

Not if you have natural gas heat.  :(

I just sold all my 9 S1's 2 weeks ago on Craig's List. I had them undervolted using only @170 watts each but the $50 I got out of each was more than they would have mined before they went in the red on electric cost.

s1's are under water now.  unless you have super cheap power/or free power probably not worth it.  with that said, i still turn mine on at night  ???

If you're in need of space heaters in your home/apartment, then you can run them to produce both heat and some BTC change at the same time.

Otherwise, it's probably not worth the electrical expense of running it 24/7.

I run 30+ of them... undervolted... they are still making lots of $ at 0.064 elec rate.

they would still make money running full power. but I didn't like the 8000kw hrs bill last month

my electric cost is double yours at .125kwh +taxes

If hashnest got rid of their S1s cloud hashing you have to assume for 90% of people it is not profitable or worth running. Uless you are paying .06 or so kwh it is not worth it. It does not pay to buy one since the amount of profit at .06 is negligible after fees. If you have one on hand it might pay if you only pay that for electric. At my rate of .11 you receive a negative return.

Mines double yours @ .25 + standing charge :(

Ouch! I undervolted mine to cut 200 watts from each but they were at the break even point for me so I sold them.

neither s1 nor s3 and nor s4 is profitable right now.  and even if you have free power ($1250 for S4+$270 for customs+shipping) = 0.0023 btc/ghs will not roi.. that means you will not mine 0.0023btc/ghs in one year with these difficulty levels. if you think btc will rise in time, then just buy btc and hold it..

I'll take the S1's for the price of .....  FREE!  That's all they are worth.  I will pay for shipping though, just to be generous.

The best way to run outdated or non profitable miners is to run them solo there is a pool from ckolivas
as well.
If you get lucky you are rewarded
I run there all my small scale have to say miners like USB
They are turned on when the computer is also on and close when I leave.

if you are paying less than .08 a kilowatt yes. 

Still running S1s overclocked that have long since earned their expense.

how much are you paying for electricity ?

Keep in mind, you are paid in Bitcoin, not in cash.

Your pay is dependent on the price of Bitcoin, or, whatever people are wiling to pay for it.

I still run mine despite a gross strain but still make good coin, I have 8 running and make a half decent amount of coin.

If you run them free them it's no big deal, if the price of Bitcoin was $10,000 then you wouldn't be asking this question ;)

I run them because I think they look bad-a$$ and they heat my basement, which means I save on heat =D

NOTE: Keep in mind, you are paid in Bitcoin when you mine Bitcoin, you get cash when you trade your coin.

Unfortunately My power isn't free and the utility company in L.A. raised rates not very long ago. The city council votes to approve or disapprove utility rate hikes because it is a city owned utility. They get 10% of what the utility company charges so although they grumble over rate hikes for the sake of their voters, they never saw a rate hike they didn't love. My S1s cost more for electricity than they make in BTC.

Even under volted they are close to breakeven. I'd love to hoard the coin but cant afford the power. Even at breakeven it's like borrowing money that I have to pay back when the power bill arrives.

My S1's are off.

My S3's are making a minimal profit vs. power costs and I keep them running because I enjoy mining in general but I'm not purchasing BTC mining hardware anymore. I have to sell what I mine to pay for the power. I dont mind selling because it's my small contribution to keeping downward pressure on the price of BTC.

I hope the BTC price keeps dropping until the industrial miners fold, difficulty drops and home mining is viable again.

Home miners will be long gone before industrial miners fold.

I must confess, I indulge in cloud mining. Every time I buy a contract or a hashlet it funds more hardware for the industrial miners. Fear you're right and the industrial miners are here to stay. Cloud mining takes all the struggle (fun) out of mining.  :(

What we've had to learn the hard way is that home mining involves spending hundreds to thousands of dollars in order to get the opportunity to get back something that will fill your piggybank each week, enabling you to make small purchases, like of a bag of candy for Halloween.

Running costs aside,

S1 (oc)		$.15/GH/s
S1 (uc)		$.214/GH/s
S2		$.40/GH/s
S3+		$.453/GH/s
S4		$.65/GH/s ;D ;D ;D
Prisma		$.333/GH/s
SP31 "new"		$.713/GH/s ;D ;D ;D ;D ;D ;D
Neptune "used"		$.484/GH/s

S1s look more like core2duos than cubes

So are you saying that S1 is more efficient than S3 and S4 ?