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101  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 11:27:55 PM
I might add that @ $563 USD and 4.7THs each for s7's, 20k$ (USD) buys 35 miners for >166THs...

 Thanks fuzzy.

But i must say the 20k must buy us miners and PSU's and cooling.  We already have racking and the factory has Inert gas fire suppression systems in place,
102  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 11:18:56 PM
OK you seem to have ignored my previous two posts so here's my final advice.....

You are way too late to get into Mining, even with your pretend free electricity. After buying the miners, and PSU, setting up the operation with suitable racking, cooling and safety systems, you then have running, maintenance and replacement costs to factor in. The life of the Miners will be less than 5 Years, maybe as short as 3 Years.

So here's what to do. Take the £20K and buy a sign that says Bitcoin Mining and stick it on a Door, spend the rest of the Money buying Bitcoin. A lot less hassle and far more likely to be profitable.


Rich

Hi Rich,

I did read both of your posts and thats not exactly what you said if you care to scroll back up? You talk about getting discount vouchers to buy miners.. at no point have you said anything of the such about being too late to mine.  We know we are late comers to the mining industry but as the saying goes better late than never...

https://bitcointalk.org/index.php?topic=1436810.msg14542267#msg14542267

Also our project is to mine and make some coins for another project down the line.. while there is still 5 million + coins to mine I can't see how we are "too late". I thought with bitcoin the more people mining was of great benefit to the network..

I don't see the point in buying 20k of bitcoin when we can help support the network and earn coins back over time.
We are hoping in time the director of the company will possibly invest into the mine with us, he has already been very generous by gifting us the space and the access to his power.  and I am sure he will be more than willing to possibly buy new technology in future when it becomes available..

I know you say well the miners have deeper pockets than us that is correct. But as we prove to our host that we can
1. run a farm successfully
2. run a farm safely
3. generate coins..

then in time I am sure he will open his wallet and invest in better technology with us..
I must stress this guy was in the Sunday times rich list 5 years in a row now and has very deep pockets.

But to prove a point before asking for investment he has given us this opportunity to do this and it would be foolish not to take full advantage of whats been layed out before us...

thanks

103  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 10:39:39 PM
Now onto my next question. Were in the UK are reputable sellers of miners? or is this going to be a shipping job for outside the UK?

There are so many sites advertising them knowing which ones are reputable is a bit of a stab in the dark,



The only manufacturers are Bitmain, Avalon and Bitfury atm. Maybe Spoondoolies. Regardless its all imported. You say they just want a small portion of the coins. I'm not sure they realize it would cost 1$ of electricity for every 1.2$ over 3 months?

Meaning unless they produce power and their only concern is selling it. Not buying electricity (unless they pay less than a cent per kWh), is less loss than selling you electricity for nothing.

IF you/they dont care. Head to Bitmain and order S7's.

There company is a Multi-Million pound turnover and we have been told not to worry about the electrical cost of the farm but to try scale it up before the next halving in 88 days.  If we can be up and running with 70TH/s for the next 88 days to see how things go before the halve,

Also we are thinking that as we move towards the last 5 million btc left to mine, I'm sure that some of the bigger farms will suffer and go offline with the costs they are spending on electric, Surly a split for 25 btc to 12 will hurt the bigger players more than the small time miner operations.

I noticed as well that if say a big miner site goes offline and the network starts to struggle the difficulty will re-adjust automatically, so its makes it that bit easier for the farms to come back on line and move into profit again..

I take it this means that block times will start to fall the closer we get to the end of the road.. even thought that is theoretically not instill 2041,  I Think this will be where the smaller farms come back to make there money.


Hmm. 70Th/s is minuscule (vs network). If they have money coming out of their ears, sure. Thats not a whole lot of electricity. Tho i'm pretty sure in the UK they would earn much more if they sold the electricity rather than (you) mined. But lets move on.

So you know about the halving, so you know anything you buy atm will be even less profitable in 3 months. We also know that for private use, there's like 0.1 efficiency chips that won't be out until... oh look, just before the halving, to dump on idiots.

Okay anyways. When the halving happen, it does not really matter as far as "hashrate will drop". Sure it will do something, but actually, big farms have a huge advantage over you and small miners. First they can secure mW's of electricity at dirt cheap (like 1-2 cent/kWh) and second, they get the better stuff before you, and they get better prices.

You can do your math and calculate free electricity and do ROI based on that, but i really much doubt they would be willing to supply you 1mW of electricity for free. (Ofc thats the the case for you yet) So you can get some S7's or wait after the halving (smarter, because S7's value with basically drop overnight to crap).

As far As Bitcoin go, its not a pretty scene, but if you can have someone else shoulder the bill. Go ahead. You'd only need like a dozen of S7, or so for your goal. You won't earn much money and i'm pretty sure they will lose more on electricity than you will earn, but who cares, its not your money. ;P

Exactly,  and we are also thinking that after the half possibly the BTC price will be effected. less coins on the network must mean a price rise. its supply and demand structure.

Like we said we want to learn from people here and take on board all the advice we are given. We have a end goal for our coins that will see us make a good return on anything we do mine, and having to hand over a % of the coins at the end of the run we are sure we can walk out with a good ROI. Since we have no running cost for electricity,

The factory get a good rate on there electric as they have a mechnanical production line (robotic welding) they use large amounts off the grid and get it dirt cheap like you say so a few MW extra won't hurt them, also helps the director of the company is into his bitcoins and is willing to gift us the electricity and space for a small % of the BTC we earn. (think he just wants to say he has a BTC farm in his factory)

As for starting out 20k GBP we feel is a good starting investment to buy equipment and fit out the 1st room, (we are planning 2)

please do keep the information comeing guys its been really helpfull to us, and we really appricate all the input and time you have spent replying to us.

on another note dose anyone here know any bitcoin sites in the UK that are up and running? We would be keep to speak to anyone running one? It would be good to have a go to person in our own country who knows the in's and out's of bitcoin miners/farms.

We would also like to visit a bitcoin mine we are willing to travel almost anywhere in the world to come and speak with operators to get a more indepth picture of the way they run there operations.

Thanks

Scottish Security
104  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 10:26:19 PM
Now onto my next question. Were in the UK are reputable sellers of miners? or is this going to be a shipping job for outside the UK?

There are so many sites advertising them knowing which ones are reputable is a bit of a stab in the dark,
As far as I know, a company called BlockC is the only globally Authorized direct distributor of the Avalons http://www.blockc.co/ so they are the ones to talk to. Since they only sell in lots of 10 or more sounds perfect for your plans.

fantastic, Thats where I was looking at them,  
http://www.blockc.co/collections/bitcoin-miners-shop-avalon-blockc-co/products/avalon6-bitcoin-miner

Seems like a good price, after doing some calulations this is what I have come up with..

Solo Farm - No Pool -

@ 70 TH x 20 Avalon 6 @ Hashrate: 3.5TH/s ±5%

Days to generate one block : 126.89 Days
Days to generate one BTC: 5.08 Days
Days to break even: 125.19 Days

Time Frame    BTC Coins            USD            Power Cost (in USD)    Pool Fees (in USD)    Profit (in USD)
Hourly            0.00820935    $3.49    $0.00                    $0.00                    $3.49
Daily                    0.19702444    $83.87    $0.00                    $0.00                    $83.87
Weekly            1.37917107    $587.10    $0.00                    $0.00                    $587.10
Monthly            5.91073317    $2,516.14    $0.00                    $0.00                    $2,516.14
Annually            71.91392021    $30,613.04    $0.00                    $0.00                    $30,613.04






105  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 10:12:30 PM
Now onto my next question. Were in the UK are reputable sellers of miners? or is this going to be a shipping job for outside the UK?

There are so many sites advertising them knowing which ones are reputable is a bit of a stab in the dark,



The only manufacturers are Bitmain, Avalon and Bitfury atm. Maybe Spoondoolies. Regardless its all imported. You say they just want a small portion of the coins. I'm not sure they realize it would cost 1$ of electricity for every 1.2$ over 3 months?

Meaning unless they produce power and their only concern is selling it. Not buying electricity (unless they pay less than a cent per kWh), is less loss than selling you electricity for nothing.

IF you/they dont care. Head to Bitmain and order S7's.

There company is a Multi-Million pound turnover and we have been told not to worry about the electrical cost of the farm but to try scale it up before the next halving in 88 days.  If we can be up and running with 70TH/s for the next 88 days to see how things go before the halve,

Also we are thinking that as we move towards the last 5 million btc left to mine, I'm sure that some of the bigger farms will suffer and go offline with the costs they are spending on electric, Surly a split for 25 btc to 12 will hurt the bigger players more than the small time miner operations.

I noticed as well that if say a big miner site goes offline and the network starts to struggle the difficulty will re-adjust automatically, so its makes it that bit easier for the farms to come back on line and move into profit again..

I take it this means that block times will start to fall the closer we get to the end of the road.. even thought that is theoretically not instill 2041,  I Think this will be where the smaller farms come back to make there money.
106  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 09:08:49 PM
Now onto my next question. Were in the UK are reputable sellers of miners? or is this going to be a shipping job for outside the UK?

There are so many sites advertising them knowing which ones are reputable is a bit of a stab in the dark,

107  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 05:37:31 PM
For the S7 and any other miner that uses less than 1400w I highly recommend Bitmains 1600w PSU. A general rule of thumb - for sustained loads eg. mining - always keep the load at 90-80% or less of a PSU rating. I have 25 of them and zero problems. Aside from that they already come with 10 PCIe connectors.

Just out of curiosity, do you run them 24/7?  If so what is the average hash rate you see from this setup.
Do you join into a pool or are you solo mining with you s7's?
Of course they run 24x7x365. In mining it usually makes no sense to turn them on and off. Some of them date back to Bitmain's Batch-2 (around a year ago?). Before the s7's came out I was mostly using HP DPS1200 server supplies for the (then smaller) farm of s3, s4, and s5's. Currently per CK pool my total average hashrate is 110THs now running mostly s7's.

Unless you run a peta-hash farm, these days solo mining is more for fun with folks using USB stick miners or other low (ish) power/hashrate device. The odds of hitting a block vs daily power costs even if near free are too high.

Thanks, I think we are planning on buying x20 Avalon6 should be around the 70TH/S mark, depending on a few things.

With hopefully a plan to add some of bitfury's products further down the line or when they announce what there next product will be.

We do plan to break into the petta-hash market in the future but for starting out I think 70TH over 20 miners is enough for a decent start at things.

Thank you for the advice and I am sure I will be in contact with you in the near future once we are closer to stating the farm up.

Scottish Sec!
108  Economy / Service Announcements / Re: Scottish Security - Security Services. on: April 14, 2016, 04:48:10 PM

http://www.scot-secure.com/

Scottish Security will be attending this years Scot-Secure conferecne.

Scot-Secure 2016 will be a one day event focussed on promoting knowledge, awareness and best-practice of cyber security. The conference will discuss the changing threat trends and explore effective measures that people can take to protect their organisations.

The agenda will draw upon practical expertise from across the business landscape, bolstered by involvement from experts in law enforcement, policy and academia. The conference will also create a unique forum for business leaders and IT personnel to come together for knowledge exchange, networking and discussion.

08:30    Registration Opens


Session 1.


09:20    Welcome from the conference Chair
Mark Stephen, Journalist & Broadcaster, BBC Scotland
 

09:30   Be the Hunter!

DI Eamonn Keane, Detective Inspector, Specialist Crime Division, Police Scotland


09:50    The Evolving Complexity of the Hacker

Cyber Security Specialist, Darktrace

 

10:10    I See No Ships!

Colin Keltie, Senior Security Specialist, Global Cyber Response Unit, Standard Life

 

10:30    Questions & Discussion


10:55    Refreshments & Networking

 

Session 2.


Industry Insights: Breakout Sessions


The session will feature insight from leading security companies and explore key aspects of cyber security in a smaller group environment. Four breakout sessions will be run in unison and then repeated providing delegates an opportunity to select two of the breakout options.


Breakout contributors:

 

11:20    Breakout 1


11:50    Transition


12:00    Breakout 2

 

A: Moving from Detection to Prevention without disrupting the End User experience

-Threat intelligence update

-How to switch from detection to prevention without impacting the business

-How to respond to incidents without investing in significant SOC head count

Aatish Pattni, Head of Threat Prevention – Northern Europe, Check Point

 

B: Protecting your business, brand, and customer experience from modern malware

- How can organisations protect themselves with the continued development and innovation of mobile and web based applications?

- Why the evolution of Modern malware reduces the efficacy of current controls.

- Implementing a proactive security posture with frictionless user experience.

Martin Budd, Security Sales Manager UK and Ireland, F5 Networks

 

C: "Gardening Leave - will it really help you weed out the bad guys?"

- Are you relying on HR policies alone to protect your critical data and Intellectual Property?

- Find out whether policies such as Gardening Leave can protect you and where they leave you vulnerable

- Learn how to protect your data even if you have high turnover rates, contractors or temporary staff

- Find out if you are at risk of a breach and what it might cost

Matt Little, Chief Technical Officer, Seric Systems

 

D: Hacking the feedback loop

- Hacking industrial control systems that aren’t connected to the internet

-  How to deliver a malware payload to a PLC

- Lessons from Natanz and Buncefield

-  How do you protect yourselves and your feedback loops

Paul Boam, Chartered Engineer, Net-Defence

 


12:30    Lunch, Exhibition & Networking

 

Session 3 (Part 1)


This section of the conference will be run as a parallel session with two conference streams. Delegates will select one of the below streams to attend.

 

13:30   Stream 1. Live Demo: Breaking The Internet

Dell estimates that 99% of all the traffic on the Internet will be encrypted within the next five years. This will cause massive problems for IT Security Professionals, Law Enforcement and, in fact, any business who are faced with risks around IP Theft, Data Loss, and Fraud. In this presentation we will outline the operation of secure tunnels and the encryption involved, along with the range of challenges that businesses face with the setup of their security infrastructure. The presentation includes a range of new (and shocking) live demonstrations on the breaking of secure tunnels, including within popular software packages that are used with both Microsoft Windows and Mac OS. It will provide a range of conclusions on how the next generation security architecture will look, including with the usage of smart firewalls, and in management of encryption keys. The presentation will show, that as long as we have digital certificates, SSL and TLS, that PKI is broken, and will never be fixed.


Prof. Bill Buchanan, Professor of Computer Science, Edinburgh Napier University

 

13:30   Stream 2: No one will hack me! really? Would you bet your business on it?

The presentation will cover areas of cyber security to help you protect yourself and your business from hackers. Don't worry if you're not a whizz kid with tech, it will be in an easy to understand format and there's time for plenty of questions. Learn how to secure your business with us today, to avoid getting hacked tomorrow.

 

Michael Jack, Ethical Hacker, SBRC
Kyle ****** Ethical Hacker, SBRC
 

 

14:10    Transition to main hall

 

Session 3 (Part 2)  


14:15    Cyber Security and the Law: Exploring the EU Data Protection Regulations

Per Johansson, Head of the Edinburgh Information Office, European Parliament


14:35    Cyber Security Training: You Get What You Give

Wendy Goucher, Information Security Specialist, Goucher Consulting


14:55    Threat Intelligence and Information Sharing

Scott Barnett, Cyber & Fraud Intelligence Lead, RBS


15:15    Questions & Discussion


15:35    Closing Remarks from the conference Chair


15:40    Networking Drinks Reception - sponsored by Seric Systems & ZoneFox  


17:00    Close of Conference


Anyone wanting to attend should contact
http://www.scot-secure.com/ for more information.
109  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 04:03:07 PM
For the S7 and any other miner that uses less than 1400w I highly recommend Bitmains 1600w PSU. A general rule of thumb - for sustained loads eg. mining - always keep the load at 90-80% or less of a PSU rating. I have 25 of them and zero problems. Aside from that they already come with 10 PCIe connectors.

Just out of curiosity, do you run them 24/7?  If so what is the average hash rate you see from this setup.
Do you join into a pool or are you solo mining with you s7's?


110  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 02:41:18 PM
The immediate problem you will face will be the cost of electricity. How much do you pay?

Electricity cost is not a issue. have permision from a large factory to use there power suppy for a small % of the total coins mined over the project, The factory is a very large industrial factory so electricity is no issue for us.

The real cost is setting up and buying a good solid miner that will last and keep up with the movement in the network,



The cost of electricity is THE ONLY ISSUE.... Nothing else really matters.

Grab S7's from bitmain if your cost is sub 5cents USD / KWhour.

Like I said we have no cost for electricity, Our only factor is equipment and time,  We have a deal with a factory to use there supply and we give them a % of the return from the mine operation.

I had a look at the S7's but I think I might wait untill bitfury come out with there new product after doing some reading.

As much as I like the S7 Batch 16 with 4.73th/s,  is there any other which hash at a higher rate? possibly over 5.00TH/s?

Also power supply for the miners what would people recomend to use? any specific supplys that come highley recomened?
111  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 02:15:57 PM
Thank you all for this valuable information,

We will take our time to consider all information put to us and make a decision on what is going to be best for our farm.

There are no noise limits as the factory we have lined up have a noisy production line so there should be no issue with noise. As for cooling they also have industrial ventilation system in place we can take full advantage of. and being in Scotland we have the joys of being a relatively "cold" country even in the summer months (which sucks)

Another question is the networking for the miner farm, we noticed on a video on you-tube of a very large bitcoin mine they were controlling there systems via RDP to some other system. is this normal practice for large farms to run RDP control for there systems?

Also running a large farm what management software would best be deployed?

Thanks in advance guys!

Scottish Security.

112  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 11:37:23 AM
You can easily use this link to simulate the average profit/loss you'll make:

http://www.coinwarz.com/calculators/bitcoin-mining-calculator

Be carefull tough, it's an estimation of the variables AT THIS MOMENT. In a couple of months, there'll be a block halving (effectively halving the ammount of coins you'll mine with the same hashrate) and AFAIK, the difficulty is still rising.

you can plug these values:
https://en.bitcoin.it/wiki/Mining_hardware_comparison
Into the link above to calculate everything Wink

Thanks to be honest we do not really need to caluclate much, Most of it is down to the power you use but as we said we have a offer from a large factory to split the rewards with them, So power cost dose not come into the equasion.

Its really the hardware we need a nudge in the direction of.  info on whats being developed, whats available now, what people are running and what sucess they are having is a big factor for us to consider right now.

113  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 11:20:44 AM
Thanks for the info,  We don't see the halving to be a issue for us as we are not paying any running cost for the farm. So the halving of the reward should not be a issue for us, Unlike some farms who will suffer dew to the decresed amount being distrubuted.

We would like more information on the hardware side of things.

What would be a "sensiable" investment?
What features should we be looking for?
What is the biggest hashrate for any single miner at the moment.

Thanks in advance.

Scottish Security
114  Economy / Services / Re: 1$ for signing up (Paid $6) on: April 14, 2016, 10:58:40 AM
It is dangerous to give your personal info to someone, what if they order some items online and the payment method is "Cash on Delivery"? - just stating what could possibly happen.



I have done some digging on the company and its seems to be a very reputable company

here is some info on study pool's background and owners.

WhoIs
http://who.is/whois/www.studypool.com

Studypool inc. operates an online marketplace that allows students to get tutoring help with their academic based questions. It connects students with questions with tutors that can help solve them; and gives students an opportunity to get an answer to their homework problems. The company was founded in 2014 and is based in Mountain View, California.

Location
Mountain View, CA
United States

Founded in 2014

www.studypool.com
Key Executives for Studypool inc.

Founder and Chief Executive Officer
Mr. Richard Werbe
https://www.linkedin.com/in/richard-werbe-04147868

Founder and Chief Technology Officer
Mr. Jimmy Zhong
https://www.linkedin.com/in/jimmy-zhong-a6322b45

I would say you are safe to use this service but like all things on the internet nothing is 100% safe..

Scottish Security




Hey thanks man Cheesy
I really appreciate it.

No problem and good luck with your OP
115  Bitcoin / Mining speculation / Re: Advice On Bitcoin Miners. on: April 14, 2016, 10:45:00 AM
The immediate problem you will face will be the cost of electricity. How much do you pay?

Electricity cost is not a issue. have permision from a large factory to use there power suppy for a small % of the total coins mined over the project, The factory is a very large industrial factory so electricity is no issue for us.

The real cost is setting up and buying a good solid miner that will last and keep up with the movement in the network,
116  Bitcoin / Mining speculation / Advice On Bitcoin Miners. on: April 14, 2016, 10:38:33 AM
H guys.

I am looking for some information on btc hardware,  I have a small group of colleges who are interested in opening a bitcoin mine here in the UK.
After doing lots of reading we are wondering what the best miners available are at the moment.

We have a budget of almost £20k GBP to open the project up.

what is the best miner on the market at the moment in terms of hashrate / cost.


thanks

Scottish Security

http://scottishsecurity.net
https://facebook.com/scottishsec

117  Economy / Micro Earnings / Re: Custom faucets -- with plugins -- like Wordpress on: April 14, 2016, 09:45:02 AM
Seems like a good idea, Don't see many wordpress related bitcoin plugs to be honest.

I would be interested in following this project see where it leads,

Also we are offsec certified for OSCP, OSEE, OSCE, if you would ever like the idea security tested.

http://scottishsecurity.net
https://facebook.com/scottishsec
https://bitcointalk.org/index.php?topic=1436257.0




Hey!

Thanks for the support, we'll sure give you a call to give the plugin a good penetration testing

No problem, and if you every need any help with anything you know were we are.

thanks

Scottish Security
118  Economy / Micro Earnings / Re: Custom faucets -- with plugins -- like Wordpress on: April 14, 2016, 09:34:46 AM
Seems like a good idea, Don't see many wordpress related bitcoin plugs to be honest.

I would be interested in following this project see where it leads,

Also we are offsec certified for OSCP, OSEE, OSCE, if you would ever like the idea security tested.

http://scottishsecurity.net
https://facebook.com/scottishsec
https://bitcointalk.org/index.php?topic=1436257.0

119  Economy / Services / Re: 1$ for signing up (Paid $6) on: April 14, 2016, 09:25:56 AM
It is dangerous to give your personal info to someone, what if they order some items online and the payment method is "Cash on Delivery"? - just stating what could possibly happen.



I have done some digging on the company and its seems to be a very reputable company

here is some info on study pool's background and owners.

WhoIs
http://who.is/whois/www.studypool.com

Studypool inc. operates an online marketplace that allows students to get tutoring help with their academic based questions. It connects students with questions with tutors that can help solve them; and gives students an opportunity to get an answer to their homework problems. The company was founded in 2014 and is based in Mountain View, California.

Location
Mountain View, CA
United States

Founded in 2014

www.studypool.com
Key Executives for Studypool inc.

Founder and Chief Executive Officer
Mr. Richard Werbe
https://www.linkedin.com/in/richard-werbe-04147868

Founder and Chief Technology Officer
Mr. Jimmy Zhong
https://www.linkedin.com/in/jimmy-zhong-a6322b45

I would say you are safe to use this service but like all things on the internet nothing is 100% safe..

Scottish Security


120  Economy / Service Announcements / Re: Scottish Security - Security Services. on: April 14, 2016, 09:12:47 AM
Limited number of Pentest available @ discount rate for all BTC talk members.

Have your site tested by Offsec certified testers.

We have OSCP, OSCE, OSEE certifications available.

Contact us today to see what we can do for you...



We are also crowd funding.. please see the link in the main post.. We accept bitcoin donations also towards our cause!

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