Is it possible? Is it the same as S1s or S3s?
What frequencies are useable?
EDIT:: I've solved that problem, new problem. The SSH isn't working...
I can get in, end up at root@AntC1:~#, but when I try to vim /etc/config/asic-freq/ it says vim not found, and if I try to use vi it opens a blank document.
Any ideas?
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Do you still have 1.7402113 BTC?
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Ok all you saying "please contact me for selling ASICs", I have a few Antminer S3's for sale.
I'm in Vancouver, BC Canada
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First off, mining is super risky. Be prepared to risk money, and potentially never make ROI. That out of the way, mining is my favourite way to get BTC. If you want to buy your own hardware, look for Antminer S3's. If you have more money, you can try for an Antminer S4. S4's are more expensive, but are more power efficient so in the long run they will be better. If you want to try cloud mining, you can check out www.gawminers.com (check the hash marketplace, they have better deals then buying from the site), or www.pbmining.com (potential ponzi, but they're cheap and have been good so far), www.newnoteminers.com (I think they're sold out right now), cex.io (good for trading gigahashes, the actual price is pretty expensive) or www.megamine.com (they look pretty good right now). I repeat though, mining is risky. Do your research, check difficulty calculators, assume a 10% each 2 weeks (at least, maybe even 15%), its better to be prepared for big jumps rather then surprised by them. Personally, I'm buying more mining equipment, I'm buying some S3's second hand (buying my 5th tomorrow!) because I have some extra power supplies, and I'm also watching the hash market at GAWminers (through their ZenPool).
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I agree with Everyone has an equal opportunity to mine bitcoins. There is nothing and nobody stopping you. The amount of bitcoins you mine is proportional to the amount of money and effort you put into it, whether you are a poor person with a graphics card or a person with a warehouse full of miners.
and I find its not fair that some guys can never fuck hot girls .... so lets make a law that limit how many times a girl can fuck a guy... hence girls will have to fuck many guys if they want active sex lives.... First off, life is always unfair, as shown by the second quote. Second off, everyone has equal chance. Mining is perfectly linear. If you use 1 terahash at home (I have 4 S3's, perfectly reasonable home setup, plus a bit to give me just over 2 tera) you make 0.0139 BTC/24 hours. You don't pay extra rent for your miner, since it lives at home, and you pay for electricity. You'll be buying miners at resellers cost. Bump it up, you now have 10 tera. Still doable at home, you may be pushing it. If you're lucky you can find some group buys to get a good deal on miners. 0.139 BTC/24 hours. 100 tera. If you're doing this at home, you better install some more electric panels. There's going to be some renovation costs, maybe you'll make room in the basement or garage. Regardless, rent can still be free, but for how much electricity you're pulling you may pay more for residential rates unless you can work out a deal. Buying this many miners, you can start buying direct from manufacturer, and get a good bulk deal. Solo mining also becomes viable at this scale. 1.39 BTC/24 hours 1000 tera (1 peta). No way can you fit this farm at home, you better rent out a place. Not quite at the scale required to build a factory... You could rent space in a data center. That will now give you a big rent cost, as well as electricity cost, as well as the time spent to maintain it all. At this scale, you could probably make your own warehouse, but then you have the big up front initial costs to get things going. You'll probably need to start pulling in investors. Here, you can make deals with manufacturers to buy miners in bulk. Or, if you really want, you can look into buying chips and making your own miners. ~14 BTC/24 hours. 10 peta. This is where you need to build your own farm. You're going to need a large initial investment, to create a space to hold all your miners. You start getting a few economies of scale, but you also have extra costs. You have your rent to pay, you have electricity (can probably get industrial rates, so it may be a bit cheaper), you have cooling, perhaps even security to watch this place. At least, at this scale, you can buy miners in huge bulk, and getting chips to make your own miners is a very viable option. ~140 btc/24 hours 100 peta (ignoring the fact this is ~1/3 of total network....) You better have a giant factory dedicated to mining. Perhaps even a few around the world. Build them in cold climates, beside power plants. You can buy your electricity straight from the source, probably down at ~$0.03/kwh. Cooling will be huge, rent won't be an issue since these are probably factories you own. Security would be a huge factor here, if not live guards, you'd need some cameras and motion detectors. No manufacturer can keep up with your demand, you better buy your own chips and make your own miners. If you have this much money, you could even start designing your own chips. You'll be making over a thousand bitcoins every day. Which of these scales is "best"? Who knows. Each one has it's own pros and cons. I'm happy with my home setup. The only thing that matters when buying miners is the dollars/gigahash price, as well as the watts/gigahash for longevity.
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GB? Or Gigahash.
GB is gigabyte, which is a unit of storage. Gigahash is a unit of mining speed (1 billion hashes). 229 gigahashes is 229 billion hashes/second.
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Slightly confused about all this. I thought that already there were two Bitcoin ATMs operating in Vancouver. The first one, located at the Waves Coffee Shop (Robocoin), and the other one located at the 332 Water Street (Lamassu ATM, Quadriga CX, near the harbor).
There are 6 I believe. Quadrigacx, Decentral, Waves, Steamrollers, This new one, and I know of a few more people who have them but haven't deployed. Andrew (Bitcoin Coop) has Skylar, the travelling ATM!
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I've said it before, but I'll say it again to make sure it's clear.
I am the Data Centre Operations Manager at Newnote Financial, so I'm the one in charge of keeping Newnote Miners going. If you have any questions, please direct them to the NewnoteMiners account, so I can answer them all easily.
Also, anything posted from this account are my own personal views, and do not represent the interests of Newnote Miners or Newnote Financial. If I have to make any official announcements, I will do so from the NewnoteMiners account.
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I've got hosting in Vancouver, BC for $400 a month. Fully secured, cooled, 2400 watt cage.
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I'll throw this out there right now, my name is Bryan Hellard and I am the Data Centre Operations Manager, running newnoteminers.com, as well as keeping all the miners happy in the data centre. I'll do the posting under the Newnote Miners account, but I can answer questions from this account as well.
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every time i have run the numbers on a mining contract i keep coming to the same exact conclusion.
it appears to be more profitable to purchase mining equipment on your own to mine than to buy mining contracts...
i just don't see the profit no matter how "attractive" the contract may look.
Of course. The mining contract company has to account for rent, electricity, and other maintenance costs that you do to (like electricity) but people hardly count that into their calculations. Yes, electricity might be "free" because you're renting, or living at school, or at home, but someone's gotta pay for it. And rent may be "free" for your miners, but you are owning a building that has to run them, and technically a smaller percentage that you pay goes to that bit of floor (or shelf) space that the miner sits on. Contracts throw all those costs at you up front, so it looks more expensive, but when you run it at home there are lots of "hidden" costs that people don't factor in.
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PBMining is interesting...
I don't see how they can offer rates that cheap sustainable.
0.00645/gigahash is ~ $3.22 per gigahash. 1 gigahash takes ~0.88 watts (at best, but he's been running this since before Dragons and S2's were out, he's averaging above 1 watt/gigahash). So say 1 watt/gigahash, to be nice.
1 watt, at 10 cents per kWh, will cost you $4.38 to run for 5 years... Plus rent, plus cooling (I'm assuming he's got a space somewhere running these machines, there's no way he can run 90 terahashes from a house.) means he's in the red on every transaction. PLUS, he has to make his investment back, buying the miner, which again was at best ~3.50 a gigahash.
I just don't see it lasting more then a few months.
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No.
Buy low. Sell high. Very simple.
Buy high, sell low, make up for it in volume. ...
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Depends. Do you think $5.15/gigahash is profitable? Check online calculators
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1 giga, 10 giga, 100 giga... it doesnt matter. If you buy 1 gigahash for 3$, you'll be profitable, if you buy 1000 giga for 3000 you'll be profitable.
So you're sitting at $3.49 per gigahash, thats a pretty great price. The question is, when will you get your machine...
However, you really shouldnt be looking at $/gigahash, you should be looking at BTC/gigahash. Will the machine mine more BTC thenn it took to buy it?
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Not even... you don't need high hundreds...
If you have 25 tera, and start solo mining, the average block generation time is 7-8 days. Thats quick enough I think, a block a week?
If you have 1000 tera, you're bigger then most pools...
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I just got an email regarding the World Bitcoin Conference 2014. Here's an excerpt. The organiser, Red Carpet Events Pte Ltd, in association with the event’s co-organiser, Events Actually Singapore, are pleased to announce international Conference on "World Bitcoin Conference 2014”. Participants will include leading industry players, professionals and policy makers involved directly or indirectly in the business of Bitcon, digital currency and innovative payment system across Asia Pacific, Middle East, Latin America, Africa, Europe and the region. This conference will be held on 24 & 25 March 2014, Berjaya Times Square Hotel, Kuala Lumpur, Malaysia. Details of the conference at this website link: http://www.events-actually.com.sg/wbc2014.phpI'm not sure if it's real... have you guys ever heard of it? My biggest turn off is this "Globally, there are over 11 million Bitcoins, worth over US$1.2 billion in circulation." If they had any idea what they were talking about, how could they be so wrong?
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